# EDGAR Filing Document

**Accession Number:** 0002007855
**File Stem:** 0002007855-26-000040
**Filing Date:** 2026-5
**Character Count:** 2644324
**Document Hash:** 269e56a0a6a517620aa147519a73f641
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002007855-26-000040.hdr.sgml**: 20260512

**ACCESSION NUMBER**: 0002007855-26-000040

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 113

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260512

**DATE AS OF CHANGE**: 20260511

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Venture Global, Inc.
- **CENTRAL INDEX KEY:** 0002007855
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATURAL GAS DISTRIBUTION [4924]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 933539083
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42486
- **FILM NUMBER:** 26964822

**BUSINESS ADDRESS:**
- **STREET 1:** 1001 19TH STREET NORTH, SUITE 1500
- **CITY:** ARLINGTON
- **STATE:** VA
- **ZIP:** 22209
- **BUSINESS PHONE:** (202) 759 6740

**MAIL ADDRESS:**
- **STREET 1:** 1001 19TH STREET NORTH, SUITE 1500
- **CITY:** ARLINGTON
- **STATE:** VA
- **ZIP:** 22209

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Venture Global Holdings, Inc.
- **DATE OF NAME CHANGE:** 20240111

?xml version='1.0' encoding='ASCII'? vg-20260331

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**FORM 10-Q**

☒ **QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** For the quarterly period ended March 31, 2026

**OR**

☐ **TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** For the transition period from to .

**Commission file number 001-42486**

![Logo.jpg](vg-20260331_g1.jpg)

 **VENTURE GLOBAL, INC.**

(Exact Name of Registrant as Specified in Its Charter)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Delaware** | | | | **95-3539083** |
| (State or Other Jurisdiction of Incorporation or Organization) |  |  |  | (I.R.S. Employer Identification Number) |
|  | **1001 19th Street North, Suite 1500**<br>**Arlington, Virginia 22209** | **1001 19th Street North, Suite 1500**<br>**Arlington, Virginia 22209** | **1001 19th Street North, Suite 1500**<br>**Arlington, Virginia 22209** |  |
| (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | (Address of Principal Executive Offices) |
|  | **(202) 759-6740** | **(202) 759-6740** | **(202) 759-6740** |  |
| (Registrant's telephone number, including area code) | (Registrant's telephone number, including area code) | (Registrant's telephone number, including area code) | (Registrant's telephone number, including area code) | (Registrant's telephone number, including area code) |
| Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: |
| <u>Title of Each Class</u> | <u>Title of Each Class</u> | <u>Trading Symbol</u> | <u>Name of Each Exchange on Which Registered</u> | <u>Name of Each Exchange on Which Registered</u> |
| Class A common stock, $0.01 par value | Class A common stock, $0.01 par value | VG | New York Stock Exchange | New York Stock Exchange |
| Securities registered pursuant to Section 12(g) of the Act: **None** | Securities registered pursuant to Section 12(g) of the Act: **None** | Securities registered pursuant to Section 12(g) of the Act: **None** | Securities registered pursuant to Section 12(g) of the Act: **None** | Securities registered pursuant to Section 12(g) of the Act: **None** |

---

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer ☐ Accelerated filer ☐ Smaller reporting company ☐ <br> Non-accelerated filer ☒ (Do not check if a smaller reporting company) Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of May 1, 2026, the number of shares of the registrant's Class A common stock outstanding was 515,753,572, and the number of shares of the registrant's Class B common stock outstanding was 1,968,604,458.

------

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| | <u>Page</u> |
| <u>[Glossary of Key](#i1913c702fafc4870bed2af8282b10336_549755816543)[Terms](#i1913c702fafc4870bed2af8282b10336_549755816543)</u> | <u>[1](#i1913c702fafc4870bed2af8282b10336_549755816543)</u> |
| <u>[Cautionary Statement Regarding Forward-Looking Statements](#i1913c702fafc4870bed2af8282b10336_13)</u> | <u>[3](#i1913c702fafc4870bed2af8282b10336_13)</u> |
| <u>[PART I](#i1913c702fafc4870bed2af8282b10336_19)</u> |  |
| &nbsp;&nbsp;<u>[Item 1. Financial Statements](#i1913c702fafc4870bed2af8282b10336_205)</u> | <u>[6](#i1913c702fafc4870bed2af8282b10336_205)</u> |
| &nbsp;&nbsp;<u>[Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](#i1913c702fafc4870bed2af8282b10336_157)</u> | <u>[28](#i1913c702fafc4870bed2af8282b10336_157)</u> |
| &nbsp;&nbsp;<u>[Item 3. Quantitative and Qualitative Disclosures about Market Risk](#i1913c702fafc4870bed2af8282b10336_433)</u> | <u>[43](#i1913c702fafc4870bed2af8282b10336_433)</u> |
| &nbsp;&nbsp;<u>[Item 4. Controls and Procedures](#i1913c702fafc4870bed2af8282b10336_436)</u> | <u>[43](#i1913c702fafc4870bed2af8282b10336_436)</u> |
| <u>[PART II](#i1913c702fafc4870bed2af8282b10336_145)</u> |  |
| &nbsp;&nbsp;<u>[Item 1. Legal Proceedings](#i1913c702fafc4870bed2af8282b10336_139)</u> | <u>[44](#i1913c702fafc4870bed2af8282b10336_139)</u> |
| &nbsp;&nbsp;<u>[Item 1A. Risk Factors](#i1913c702fafc4870bed2af8282b10336_103)</u> | <u>[45](#i1913c702fafc4870bed2af8282b10336_549755816238)</u> |
| &nbsp;&nbsp;<u>[Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](#i1913c702fafc4870bed2af8282b10336_151)</u> | <u>[45](#i1913c702fafc4870bed2af8282b10336_151)</u> |
| &nbsp;&nbsp;<u>[Item 3. Defaults Upon Senior Securities](#i1913c702fafc4870bed2af8282b10336_448)</u> | <u>[45](#i1913c702fafc4870bed2af8282b10336_448)</u> |
| &nbsp;&nbsp;<u>[Item 4. Mine Safety Disclosures](#i1913c702fafc4870bed2af8282b10336_142)</u> | <u>[45](#i1913c702fafc4870bed2af8282b10336_142)</u> |
| &nbsp;&nbsp;<u>[Item 5. Other Information](#i1913c702fafc4870bed2af8282b10336_313)</u> | <u>[45](#i1913c702fafc4870bed2af8282b10336_313)</u> |
| &nbsp;&nbsp;<u>[Item 6. Exhibits](#i1913c702fafc4870bed2af8282b10336_349)</u> | <u>[46](#i1913c702fafc4870bed2af8282b10336_349)</u> |
| <u>[Signatures](#i1913c702fafc4870bed2af8282b10336_412)</u> | <u>[47](#i1913c702fafc4870bed2af8282b10336_412)</u> |

---

------

**GLOSSARY OF KEY TERMS**

Unless otherwise indicated or the context otherwise requires, as used in this Form 10-Q:

◦ *Blackfin* means Blackfin Pipeline, LLC, a joint venture between the Company, through its wholly-owned subsidiary Venture Global Midstream Holdings, LLC, and WhiteWater Development LLC, which is engaged in the development and construction of the Blackfin pipeline;

◦ *Blackfin Credit Facilities* means the project financing obtained by Blackfin, consisting of a senior secured term loan facility, or the Blackfin TLB Facility, a senior secured construction term loan facility, or the Blackfin TLA Facility, and a senior secured working capital facility, or the Blackfin Working Capital Facility;

◦ *Blackfin pipeline*, an approximately 3.3 Bcf/d natural gas pipeline system linking Colorado County to Jasper County in Texas under development by Blackfin;

*◦ COD* means the commercial operations date, which is the first day of commercial operations at a project or a phase of a project, as applicable, as specifically defined in the relevant post-COD SPAs, and which does not occur unless and until: (i) all of the facilities comprising the relevant project, or phase thereof, have been completed and commissioned, including any ramp up period, (ii) the project or phase thereof is capable of delivering LNG in sufficient quantities and necessary quality to perform all of its obligations under such post-COD SPAs, and (iii) the applicable project company has notified the customer under the post-COD SPAs;

◦ *commercial operations* means the production period commencing after the occurrence of COD at a project or a phase of a project, as applicable;

◦ *commissioning* or *commissioning phase* means, with respect to our LNG projects, the phase of development where our facilities undergo certain required performance and reliability testing, which includes: (i) the sequential start-up and testing of certain key equipment (e.g., liquefaction trains) as it is installed during construction and (ii) the testing and tuning of the fully integrated LNG project after all key equipment and modules have passed their individual performance tests;

◦ *commissioning cargos* means the LNG cargos produced by us during the commissioning phase of an LNG project, which commences once a project produces its first quantities of LNG and ends once a project, or phase thereof, achieves COD. Proceeds from the sale of commissioning cargos are recognized in our financial statements as a reduction to the cost basis of construction in progress until assets are placed in service from an accounting perspective, the timing of which may differ from COD. After assets are placed in service from an accounting perspective, the proceeds are recognized through revenue;

◦ *commodity fees* means the volume weighted average portion of the fees associated with LNG sold during a relevant period indexed to Henry Hub;

◦ *Company, we, our, us* or similar terms mean Venture Global, Inc. and its subsidiaries, collectively;

◦ *Contracted SPAs* means post-COD SPAs and Firm-start SPAs.

◦ *DES* means delivered ex ship, which, with respect to LNG SPAs, requires the seller to deliver LNG to a named port;

◦ *DOE* means the United States Department of Energy;

◦ *DPU* means delivered at place unloaded, which, with respect to LNG SPAs, requires the seller to deliver and unload LNG at one or more designated destinations;

◦ *EPC* means engineering, procurement and construction;

◦ *excess capacity or excess LNG* means the amount of LNG that is produced by our liquefaction facilities that is in excess of the nameplate capacity;

*◦ FERC* means the Federal Energy Regulatory Commission;

◦ *FID* means the final investment decision with respect to the development of a project or a phase thereof, which, with respect to an LNG project, requires that the project has secured (i) all of the debt and equity financing arrangements necessary to fully construct, commission, and operate such project or phase thereof and (ii) all of the necessary permits to construct, operate, and export LNG;

◦ *Firm-start SPAs* means SPAs entered into in which the obligation to deliver LNG begins as of a pre-established future date (as opposed to post-COD of a certain project);

◦ *fixed liquefaction fee* means the volume weighted average of the fixed liquefaction fees associated with LNG sold during a relevant period, excluding commodity fees;

◦ *FOB* means free on board, which, with respect to LNG SPAs, requires the seller to deliver and load LNG onto the buyer's LNG tankers at the seller's export terminal;

------

◦ *FTA* means a free trade agreement;

◦ *GAAP* means generally accepted accounting principles in the United States;

◦ *Henry Hub* means the final settlement price (in $ per MMBtu) for the New York Mercantile Exchange's Henry Hub natural gas futures contract for the month in which a relevant cargo's delivery window is scheduled to begin;

◦ *IPO* means our initial public offering of Class A common stock, par value $0.01 per share, that we completed on January 27, 2025;

◦ *liquefaction train* or *train* means a liquefaction production unit that cools natural gas to a liquid state;

◦ *LNG* means liquefied natural gas, or methane, supercooled to -260°F and converted into a liquid state, which reduces it to 1/600<sup>th</sup> of its original volume, enabling large quantities of natural gas to be loaded and shipped by LNG tankers;

◦ *LNG Commissioning Sales Agreements* means short- or mid-term sales agreements under which commissioning cargos are sold at prevailing market prices when executed;

◦ *LNG volumes sold* means LNG delivered to customers and recognized in results of operations;

◦ *MMBtu* means million British thermal units;

◦ *mtpa* means million tonnes per annum, which is a common unit of measurement for annual LNG production;

◦ *MW* means one million watts, a unit of power;

◦ *nameplate capacity* means, unless the context otherwise requires, the conservative measure of LNG production capability, based on vendor guaranteed LNG output, of each of our facilities;

◦ *natural gas* means any hydrocarbons that are gaseous at standard temperature and pressure;

◦ *natural gas supply contracts* means natural gas forward purchase contracts for the supply of feed gas to our projects;

◦ *NPNS* means normal purchases and normal sales scope exception, a rule under GAAP;

◦ *post-COD SPA* means an SPA for the sale and purchase of LNG after COD has occurred for a particular project or phase thereof;

◦ *projects* means our existing and proposed LNG facilities and related assets, including the Calcasieu Project, the Plaquemines Project, the CP2 Project, the CP3 Project and any bolt-on expansions to such projects, including the Plaquemines Expansion Project and the CP2 Expansion Project;

◦ *regasification* means the process of heating LNG to convert it from a liquid to gaseous state after the LNG is offloaded from an LNG carrier;

◦ *SEC* means the U.S. Securities and Exchange Commission;

◦ *SOFR* means the U.S. Secured Overnight Financing Rate;

◦ *SPA* means LNG sales and purchase agreement;

◦ *TBtu* means trillion British thermal units;

◦ *TTF* means the Title Transfer Facility index for natural gas in Europe;

◦ *U.S.* means United States of America;

◦ *VG Commodities* means Venture Global Commodities, LLC; and

◦ *Weighted average price of LNG volumes sold* means contracted sales prices, generally consisting of a liquefaction fee and a commodity fee.

------

**CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS**

This Form 10-Q contains forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. All statements, other than statements of historical facts, included herein are "forward-looking statements." In some cases, forward-looking statements can be identified by terminology such as "may," "might," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "estimate," "predict," "potential," "pursue," "target," "continue," the negative of such terms, or other comparable terminology.

These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, expectations regarding the development, construction, commissioning and completion of our projects, estimates of the cost of our projects and schedule to construct and commission our projects, our anticipated growth strategies and anticipated trends impacting our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Those factors include the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our potential inability to maintain profitability, maintain positive operating cash flow and ensure adequate liquidity in the future, including as a result of the significant uncertainty in our ability to generate proceeds and the amount of proceeds that will regularly be received from sales of uncontracted commissioning cargos and excess cargos due to volatility and variability in the LNG markets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our need for significant additional capital to construct and complete our projects, including some of our existing projects, future projects, potential bolt-on expansions and related assets, and our potential inability to secure such financing on acceptable terms, or at all;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our potential inability to construct or operate all of our proposed LNG facilities or pipelines or any additional LNG facilities or pipelines beyond those currently planned, including any of the bolt-on expansion opportunities which we have identified, and to produce LNG in excess of our nameplate capacity, which could limit our growth prospects, including as a result of delays in obtaining regulatory approvals or inability to obtain requisite regulatory approvals to complete construction during our estimated development periods;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• significant operational risks related to our natural gas liquefaction and export projects, including our existing projects and any potential bolt-on expansions, any future projects we develop, our pipelines, our LNG tankers, and our regasification terminal usage rights;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our potential inability to accurately estimate costs for our projects, and the risk that the construction and operations of natural gas pipelines and pipeline connections for our projects suffer cost overruns and delays related to obtaining regulatory approvals, development risks, labor costs, unavailability of skilled workers, operational hazards and other risks;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the uncertainty regarding the future of international trade agreements and the United States' position on international trade, including the effects of tariffs, as well as the effects of ongoing legal challenges to tariffs and reimbursements of tariffs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our current and potential involvement in disputes and legal proceedings, including the arbitrations and other proceedings currently pending against us and the possibility and magnitude of negative outcomes in any such dispute or proceeding and the potential impact thereof on our results of operations, liquidity and our existing contracts;

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our potential inability to enter into the necessary contracts to construct our projects, or any potential bolt-on expansion, on a timely basis or on terms that are acceptable to us;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our potential inability to enter into Contracted SPAs with customers for, or to otherwise sell, an adequate portion of the total expected nameplate capacity at our existing projects, any potential bolt-on expansions, or any future projects we develop;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our dependence on our EPC and other contractors and suppliers for the successful completion of our projects and delivery of our LNG tankers, including the potential inability of our contractors to perform their obligations under their contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• various economic and political factors, including opposition by environmental or other public interest groups, or the lack of local government and community support required for our projects, which could negatively affect the permitting status, timing or overall development, construction and operation of our projects;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the effects of FERC regulation on our interstate natural gas pipelines and their FERC gas tariffs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the risk that the natural gas liquefaction system and mid-scale design we utilize at our projects will not achieve the level of performance or other benefits that we anticipate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• potential additional risks arising from the duration of and the phased commissioning start-up of our projects;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the potential risk that our customers or we may terminate our SPAs if certain conditions are not met or for other reasons;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• potential decreases in the price of natural gas and its related impact on our ability to pay the cost of gas transportation, the payment of a premium by us for feed gas relative to the contractual price we charge our customers, or other impacts to the price of natural gas resulting from geopolitical and inflationary pressures, including from the disruption in international oil and natural gas supply chains caused by the ongoing war in Iran and closure of the Strait of Hormuz;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the potential negative impacts of seasonal fluctuations on our business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the risks related to the development and/or contracting for additional gas transportation capacity to support the operation and expansion capacity of our LNG projects;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the risks related to the management and operation of our LNG tanker fleet and our future regasification terminal usage rights;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the potential effects of existing and future environmental and similar laws and governmental regulations on compliance costs, operating and/or construction costs and restrictions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our potential inability to obtain, maintain or comply with necessary permits or approvals from governmental and regulatory agencies on which the construction of our projects depends, including as a result of opposition by environmental and other public interest groups;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• risks related to other factors discussed under Item 1A.*—Risk Factors* of our annual report on Form 10-K for the year ended December 31, 2025.

In addition, new risks emerge from time to time as we operate in a very competitive and rapidly changing business environment. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ

------

materially from those contained in any forward-looking statements we may make. Given these uncertainties, you should not place undue reliance on these forward-looking statements.

All such factors are difficult to predict, contain uncertainties that may materially affect actual results and may be beyond our control. New factors emerge from time to time, and it is not possible for management to predict all such factors or to assess the impact of each such factor on us.

Any forward-looking statement speaks only as of the date on which such statement is made, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made except as required by the federal securities laws. If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, our actual results may vary materially from what we may have expressed or implied by these forward-looking statements. We caution that you should not place undue reliance on any of our forward-looking statements. Furthermore, new risks and uncertainties arise from time to time, and it is impossible for us to predict those events or how they may affect us.

------

**PART I**

**ITEM 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FINANCIAL STATEMENTS**

------

**VENTURE GLOBAL, INC.** 

**CONDENSED CONSOLIDATED BALANCE SHEETS** 

(in millions, except share information)

(unaudited)

---

| | | |
|:---|:---|:---|
| | **March 31,<br>2026** | **December 31,<br>2025** |
| **ASSETS** | | |
| Current assets |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $1599 | $2355 |
| &nbsp;&nbsp;&nbsp;Restricted cash | 335 | 195 |
| &nbsp;&nbsp;&nbsp;Accounts receivable | 810 | 918 |
| &nbsp;&nbsp;&nbsp;Inventory, net | 241 | 253 |
| &nbsp;&nbsp;&nbsp;Derivative assets | 88 | 65 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 146 | 254 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 3219 | 4040 |
| Property, plant and equipment, net | 49754 | 46588 |
| Right-of-use assets | 731 | 737 |
| Noncurrent restricted cash | 1117 | 875 |
| Deferred financing costs | 831 | 543 |
| Noncurrent derivative assets | 206 | 216 |
| Other noncurrent assets | 442 | 447 |
| **TOTAL ASSETS** | $56300 | $53446 |
| **LIABILITIES AND EQUITY** |  |  |
| Current liabilities |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | $817 | $737 |
| &nbsp;&nbsp;&nbsp;Accrued and other liabilities | 2769 | 2795 |
| &nbsp;&nbsp;&nbsp;Current portion of long-term debt, net | 126 | 812 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 3712 | 4344 |
| Long-term debt, net | 36456 | 33393 |
| Noncurrent operating lease liabilities | 697 | 696 |
| Deferred tax liabilities, net | 2419 | 2320 |
| Other noncurrent liabilities | 671 | 697 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 43955 | 41450 |
| Commitments and contingencies (Note 12) |  |  |
| Redeemable stock of subsidiary | 1629 | 1696 |
| Equity |  |  |
| &nbsp;&nbsp;&nbsp;Venture Global, Inc. stockholders' equity |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class A common stock, par value $0.01 per share (514 million and 488 million shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively) | 5 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class B common stock, par value $0.01 per share (1,969 million shares issued and outstanding as of March 31, 2026 and December 31, 2025) | 20 | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid in capital | 2280 | 2238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | 5163 | 4720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (235) | (239) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Venture Global, Inc. stockholders' equity | 7233 | 6743 |
| &nbsp;&nbsp;&nbsp;Non-controlling interests | 3483 | 3557 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total equity | 10716 | 10300 |
| **TOTAL LIABILITIES AND EQUITY** | $56300 | $53446 |

---

The accompanying notes are an integral part of these condensed consolidated financial statements.

------

**VENTURE GLOBAL, INC.** 

**CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS**

(in millions, except per share information)

(unaudited)

---

| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| **REVENUE** | $4599 | $2894 |
| **OPERATING EXPENSE** |  |  |
| &nbsp;&nbsp;Cost of sales (exclusive of depreciation and amortization shown separately below) | 2784 | 1059 |
| &nbsp;&nbsp;Operating and maintenance expense | 270 | 252 |
| &nbsp;&nbsp;General and administrative expense | 97 | 105 |
| &nbsp;&nbsp;Development expense | 46 | 182 |
| &nbsp;&nbsp;Depreciation and amortization | 251 | 216 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total operating expense | 3448 | 1814 |
| **INCOME FROM OPERATIONS** | 1151 | 1080 |
| **OTHER INCOME (EXPENSE)** |  |  |
| &nbsp;&nbsp;Interest income | 28 | 56 |
| &nbsp;&nbsp;Interest expense, net | (444) | (276) |
| &nbsp;&nbsp;Gain (loss) on interest rate swaps | 15 | (192) |
| &nbsp;&nbsp;Loss on financing transactions | (13) |  |
| &nbsp;&nbsp;Loss on foreign currency transactions | (1) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total other expense | (415) | (412) |
| **INCOME BEFORE INCOME TAX EXPENSE** | 736 | 668 |
| &nbsp;&nbsp;Income tax expense | 111 | 151 |
| **NET INCOME** | 625 | 517 |
| Less: Net income attributable to redeemable stock of subsidiary | 42 | 38 |
| Less: Net income attributable to non-controlling interests | 27 | 15 |
| Less: Dividends on VGLNG Series A Preferred Shares | 68 | 68 |
| **NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS** | $488 | $396 |
| **BASIC EARNINGS PER SHARE** |  |  |
| &nbsp;&nbsp;Net income attributable to common stockholders per share—basic | $0.20 | $0.17 |
| &nbsp;&nbsp;Weighted average number of shares of common stock outstanding—basic | 2463 | 2399 |
| **DILUTED EARNINGS PER SHARE** |  |  |
| &nbsp;&nbsp;Net income attributable to common stockholders per share—diluted | $0.19 | $0.15 |
| &nbsp;&nbsp;Weighted average number of shares of common stock outstanding—diluted | 2635 | 2643 |

---

The accompanying notes are an integral part of these condensed consolidated financial statements.

------

**VENTURE GLOBAL, INC.** 

**CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME**

(in millions)

(unaudited)

---

| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| **NET INCOME** | $625 | $517 |
| &nbsp;&nbsp;&nbsp;Other comprehensive income |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash flow hedges, net |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reclassification to earnings, net of income tax expense of $0, and $1, respectively | 4 | 3 |
| **COMPREHENSIVE INCOME** | 629 | 520 |
| &nbsp;&nbsp;&nbsp;Less: Comprehensive income attributable to redeemable stock of subsidiary | 42 | 38 |
| &nbsp;&nbsp;&nbsp;Less: Comprehensive income attributable to non-controlling interests | 27 | 15 |
| &nbsp;&nbsp;&nbsp;Less: Dividends on VGLNG Series A Preferred Shares | 68 | 68 |
| **COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS** | $492 | $399 |

---

The accompanying notes are an integral part of these condensed consolidated financial statements.

------

**VENTURE GLOBAL, INC.** 

**CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY**

(in millions)

(unaudited)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | Stockholders' equity | Stockholders' equity | Stockholders' equity | Stockholders' equity | Stockholders' equity | Stockholders' equity | Stockholders' equity | Stockholders' equity | |
| | Common stock | Common stock | Common stock | Common stock | Additional paid in capital | Retained <br>earnings | Accumulated other comprehensive loss | Total stockholders' equity | Non-controlling interests |
| | Class A | Class A | Class B | Class B | Additional paid in capital | Retained <br>earnings | Accumulated other comprehensive loss | Total stockholders' equity | Non-controlling interests |
| | Shares | Par value | Shares | Par value | Additional paid in capital | Retained <br>earnings | Accumulated other comprehensive loss | Total stockholders' equity | Non-controlling interests |
| **BALANCE AT DECEMBER 31, 2025** | 488 | $4 | 1969 | $20 | $2238 | $4720 | $(239) | $6743 | $3557 |
| &nbsp;&nbsp;Net income |  |  |  |  |  | 488 |  | 488 | 95 |
| &nbsp;&nbsp;Stock-based compensation | 26 | 1 |  |  | 42 |  |  | 43 |  |
| &nbsp;&nbsp;Dividends declared on common stock ($0.02/share) |  |  |  |  |  | (45) |  | (45) |  |
| &nbsp;&nbsp;Subsidiary distributions |  |  |  |  |  |  |  |  | (169) |
| &nbsp;&nbsp;Other comprehensive income |  |  |  |  |  |  | 4 | 4 |  |
| **BALANCE AT MARCH 31, 2026** | 514 | $5 | 1969 | $20 | $2280 | $5163 | $(235) | $7233 | $3483 |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | Stockholders' equity | Stockholders' equity | Stockholders' equity | Stockholders' equity | Stockholders' equity | Stockholders' equity | Stockholders' equity | Stockholders' equity | |
| | Common stock | Common stock | Common stock | Common stock | Additional paid in capital | Retained <br>earnings | Accumulated other comprehensive loss | Total stockholders' equity | Non-controlling interests |
| | Class A | Class A | Class B | Class B | Additional paid in capital | Retained <br>earnings | Accumulated other comprehensive loss | Total stockholders' equity | Non-controlling interests |
| | Shares | Par value | Shares | Par value | Additional paid in capital | Retained <br>earnings | Accumulated other comprehensive loss | Total stockholders' equity | Non-controlling interests |
| **BALANCE AT DECEMBER 31, 2024** | 2350 | $23 |  | $— | $512 | $2611 | $(249) | $2897 | $3470 |
| &nbsp;&nbsp;Net income |  |  |  |  |  | 396 |  | 396 | 83 |
| &nbsp;&nbsp;Stock-based compensation |  |  |  |  | (17) |  |  | (17) |  |
| &nbsp;&nbsp;Subsidiary dividends and distributions |  |  |  |  |  | (68) |  | (68) | (82) |
| &nbsp;&nbsp;Other comprehensive income |  |  |  |  |  |  | 3 | 3 |  |
| &nbsp;&nbsp;Conversion of Class A common stock to Class B common stock | (1969) | (20) | 1969 | 20 |  |  |  |  |  |
| &nbsp;&nbsp;Issuance of Class A common stock, net | 70 | 1 |  |  | 1669 |  |  | 1670 |  |
| **BALANCE AT MARCH 31, 2025** | 451 | $4 | 1969 | $20 | $2164 | $2939 | $(246) | $4881 | $3471 |

---

The accompanying notes are an integral part of these condensed consolidated financial statements.

------

**VENTURE GLOBAL, INC.** 

**CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS**

(in millions)

(unaudited)

---

| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| **OPERATING ACTIVITIES** |  |  |
| &nbsp;&nbsp;Net income | $625 | $517 |
| &nbsp;&nbsp;Adjustments to reconcile net income to net cash from operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;(Gain) loss on derivatives, net | (57) | 230 |
| &nbsp;&nbsp;&nbsp;Cash from settlement of derivatives, net | 12 | 46 |
| &nbsp;&nbsp;&nbsp;Loss on financing transactions | 13 |  |
| &nbsp;&nbsp;&nbsp;Deferred taxes | 97 | 149 |
| &nbsp;&nbsp;&nbsp;Non-cash interest expense | 32 | 41 |
| &nbsp;&nbsp;&nbsp;Depreciation and amortization | 251 | 216 |
| &nbsp;&nbsp;&nbsp;Stock-based compensation | 12 | 12 |
| &nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | 108 | (279) |
| &nbsp;&nbsp;&nbsp;&nbsp;Inventory | 17 | (18) |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | (15) | (28) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued liabilities | (340) | 249 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other, net | 8 | (21) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash from operating activities | 763 | 1114 |
| **INVESTING ACTIVITIES** |  |  |
| &nbsp;&nbsp;Capital expenditures | (3181) | (3466) |
| &nbsp;&nbsp;Other investing activities | 183 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net cash used by investing activities | (2998) | (3470) |
| **FINANCING ACTIVITIES** |  |  |
| &nbsp;&nbsp;&nbsp;Issuance of debt and draws on credit facilities | 2720 | 383 |
| &nbsp;&nbsp;&nbsp;IPO issuance of Class A common stock |  | 1750 |
| &nbsp;&nbsp;&nbsp;Repayment of debt | (388) | (46) |
| &nbsp;&nbsp;&nbsp;Financing and issuance costs | (317) | (75) |
| &nbsp;&nbsp;&nbsp;Payments of dividends and subsidiary distributions | (180) | (190) |
| &nbsp;&nbsp;&nbsp;Other financing activities | 26 | (46) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net cash from financing activities | 1861 | 1776 |
| Net decrease in cash, cash equivalents and restricted cash | (374) | (580) |
| Cash, cash equivalents and restricted cash at beginning of period | 3425 | 4614 |
| **CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD** | $3051 | $4034 |

---

The accompanying notes are an integral part of these condensed consolidated financial statements.

------

<u>[Table of contents](#i1913c702fafc4870bed2af8282b10336_7)</u>

**VENTURE GLOBAL, INC.** 

**NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**Note 1 - General**

Venture Global, Inc. is a Delaware corporation formed on September 19, 2023. As used in these condensed consolidated financial statements, unless the context otherwise requires, references to the "Company," "we," "us," and "our" refer to Venture Global, Inc. and its consolidated subsidiaries, whereas references to "Venture Global" refer to Venture Global, Inc., but not its subsidiaries.

The Company is a liquefied natural gas ("LNG") company engaged in the development, construction, ownership, and operation of LNG production facilities and associated infrastructure along the U.S. Gulf Coast. Venture Global's integrated business model spans natural gas supply, transportation, liquefaction, export, shipping and regasification, enabling the Company to deliver LNG to global markets.

The Company currently has multiple LNG projects at varying stages of operation, construction or development. Each LNG project includes a liquefaction facility and export terminal and one or more associated pipelines that interconnect with several interstate and intrastate pipelines for delivery of natural gas into the associated liquefaction facility and export terminal. The Company is also developing expansion, or "bolt-on," projects at existing sites leveraging shared infrastructure under its standardized "design one, build many" development model. Our LNG projects include:

---

| | |
|:---|:---|
| **Project Name** | **Stage of Development** |
| Calcasieu Project | Operating |
| Plaquemines Project | Construction and Commissioning |
| Plaquemines Expansion Project | Development |
| CP2 Project | Construction |
| CP2 Expansion Project | Development |
| CP3 Project | Development |

---

The Company is also developing and constructing complementary pipeline systems to support gas transportation for its liquefaction and export projects. In addition, the Company has acquired and operates a fleet of LNG tankers to deliver LNG directly to customers through its sales and shipping business and has secured regasification capacity in key import markets to facilitate downstream sales and enhance its vertically integrated platform.

**Basis of presentation and consolidation**

The accompanying condensed consolidated financial statements have been prepared in accordance with GAAP and pursuant to the rules and regulations of the SEC for interim financial information. Accordingly, they do not include all of the information and notes required by GAAP for annual financial statements. In the opinion of management, all adjustments, consisting only of normal recurring adjustments considered necessary for fair presentation, have been included. Interim results are not necessarily indicative of results for a full year. The accompanying condensed consolidated financial statements are unaudited and should be read in conjunction with the 2025 audited consolidated financial statements and notes thereto, which are included in the Company's Annual Report on Form 10-K filed with the SEC on March 2, 2026 (the "2025 Form 10-K"). Except for per share amounts or as otherwise specified, dollar amounts presented within tables are stated in millions.

The accompanying condensed consolidated financial statements include the accounts of Venture Global, Inc. and its controlled subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.

------

<u>[Table of contents](#i1913c702fafc4870bed2af8282b10336_7)</u>

**VENTURE GLOBAL, INC.** 

**NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**Use of estimates**

The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the condensed consolidated financial statements and the accompanying notes. While management believes that the estimates and assumptions used in the preparation of the condensed consolidated financial statements are appropriate, actual results could differ from those estimates.

**Note 2 – Restricted Cash**

The following table summarizes the components of restricted cash:

---

| | | |
|:---|:---|:---|
| | **March 31,<br>2026** | **December 31,<br>2025** |
| Current restricted cash |  |  |
| &nbsp;&nbsp;Debt service reserves | $119 | $121 |
| &nbsp;&nbsp;Other project reserves | 216 | 74 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total current restricted cash | $335 | $195 |
| Noncurrent restricted cash |  |  |
| &nbsp;&nbsp;Construction reserves | $1012 | $770 |
| &nbsp;&nbsp;Debt service reserves | 105 | 105 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noncurrent restricted cash | $1117 | $875 |

---

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets to the condensed consolidated statements of cash flows:

---

| | | |
|:---|:---|:---|
| | **March 31,<br>2026** | **December 31,<br>2025** |
| Cash and cash equivalents | $1599 | $2355 |
| Current restricted cash | 335 | 195 |
| Noncurrent restricted cash | 1117 | 875 |
| &nbsp;&nbsp;Cash, cash equivalents, and restricted cash per the condensed consolidated statements of cash flows | $3051 | $3425 |

---

**Note 3 – Revenue from Contracts with Customers**

The following table summarizes the disaggregation of revenue earned from contracts with customers:

---

| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| LNG revenue | $4575 | $2880 |
| Other revenue | 24 | 14 |
| &nbsp;&nbsp;&nbsp;Total revenue | $4599 | $2894 |

---

------

<u>[Table of contents](#i1913c702fafc4870bed2af8282b10336_7)</u>

**VENTURE GLOBAL, INC.** 

**NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

*Transaction price allocated to future performance obligations*

Because many of the Company's sales contracts have long-term durations, the Company is contractually entitled to significant future consideration which it has not yet recognized as revenue. The following table discloses the aggregate amount of the transaction price, including variable consideration, that is allocated to performance obligations for legally enforceable sales agreements that have not yet been satisfied, excluding all performance obligations of contracts that have an expected duration of one year or less (dollar amounts in billions):

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** |
| | Unsatisfied transaction price<sup>(a)</sup> | Weighted average recognition timing <br>(in years) |
| LNG revenue | $336.5 | 19.4 years |

---

____________

<sup>(a)</sup>&nbsp;&nbsp;&nbsp;&nbsp;A portion of the transaction price is based on the forecasted Henry Hub index as of March 31, 2026.

Significant judgments were made when estimating the transaction price allocated to future performance obligations. These include i) the best estimate of when the Company's respective projects will reach COD and the post-COD SPAs will commence, which is currently expected to occur in 2026 and 2027 for Phases 1 and 2 of the Plaquemines Project, respectively, and 2029 and 2030 for Phases 1 and 2 of the CP2 Project, respectively, and ii) reductions to the transaction price to reflect management's best estimate of variable consideration. This variable consideration relates to the pending disputes with Calcasieu Project post-COD SPA customers who are asserting that the Calcasieu Project was delayed in declaring COD under the respective post-COD SPAs.

**Note 4 – Inventory**

The following table summarizes the components of inventory:

---

| | | |
|:---|:---|:---|
| | **March 31,<br>2026** | **December 31,<br>2025** |
| Spare parts and materials | $168 | $159 |
| LNG | 26 | 56 |
| LNG in-transit | 32 | 24 |
| Other | 15 | 14 |
| &nbsp;&nbsp;&nbsp;Total inventory, net | $241 | $253 |

---

------

<u>[Table of contents](#i1913c702fafc4870bed2af8282b10336_7)</u>

**VENTURE GLOBAL, INC.** 

**NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**Note 5 – Property, Plant and Equipment**

The following table presents the components of property, plant and equipment, net and their estimated useful lives (in years):

---

| | | | |
|:---|:---|:---|:---|
| | **Estimated useful life** | **March 31,<br>2026** | **December 31,<br>2025** |
| Terminal and interconnected pipeline facilities<sup>(a)</sup> | 4-48 | $34266 | $32651 |
| Construction in progress | N/A | 8957 | 7641 |
| Advanced equipment and construction payments | N/A | 5760 | 5541 |
| LNG tankers | 25 | 2037 | 1780 |
| Other<sup>(b)</sup> | 2-35 | 719 | 711 |
| &nbsp;&nbsp;&nbsp;Total property, plant and equipment at cost |  | 51739 | 48324 |
| Accumulated depreciation |  | (1985) | (1736) |
| &nbsp;&nbsp;&nbsp;Total property, plant and equipment, net |  | $49754 | $46588 |

---

____________

<sup>(a)&nbsp;&nbsp;&nbsp;&nbsp;</sup>In the third quarter of 2025, the Company determined that it was reasonably certain to exercise certain options to renew various land leases thereby extending the remaining lease terms and therefore extended the estimated useful lives of the terminal assets previously constrained by the terms of the land lease to which they are affixed. This resulted in a $91 million reduction to depreciation expense, or $0.04 increase in basic and diluted earnings per share for the three months ended March 31, 2026. See *Note 6 – Leases* for further discussion.&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(b) &nbsp;&nbsp;&nbsp;&nbsp;</sup>Includes finance lease assets, buildings, and land, which does not depreciate. See *Note 6 – Leases* for further discussion.

The following table presents depreciation expense recognized on the condensed consolidated statements of operations:

---

| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| Depreciation expense | $249 | $214 |

---

**Note 6 – Leases**

Operating leases consist primarily of leased land, LNG tankers, and office space and facilities. Finance leases consist primarily of leased marine vessels and a bridge.

The following table presents the line item classification of right-of-use assets and lease liabilities on the condensed consolidated balance sheets:

---

| | | | |
|:---|:---|:---|:---|
| | **Line item** | **March 31,<br>2026** | **December 31,<br>2025** |
| Right-of-use assets—operating | Right-of-use assets | $731 | $737 |
| Right-of-use assets—finance | Property, plant and equipment, net | 286 | 286 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total right-of-use assets |  | $1017 | $1023 |
| Current operating lease liabilities | Accrued and other liabilities | $56 | $62 |
| Current finance lease liabilities | Accrued and other liabilities | 9 | 9 |
| Noncurrent operating lease liabilities | Noncurrent operating lease liabilities | 697 | 696 |
| Noncurrent finance lease liabilities | Other noncurrent liabilities | 247 | 249 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total lease liabilities |  | $1009 | $1016 |

---

------

<u>[Table of contents](#i1913c702fafc4870bed2af8282b10336_7)</u>

**VENTURE GLOBAL, INC.** 

**NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

The Company's lease costs are presented in various line items consistent with the underlying nature of the lease. The following table presents the components of total lease costs included in the condensed consolidated statements of operations.

---

| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| Operating lease cost | $37 | $33 |
| Finance lease cost | 9 | 9 |
| &nbsp;&nbsp;Total lease cost | $46 | $42 |

---

**Note 7 – Accrued and Other Liabilities**

Components of accrued and other liabilities included:

---

| | | |
|:---|:---|:---|
| | **March 31,<br>2026** | **December 31,<br>2025** |
| Construction and equipment costs | $1031 | $819 |
| Natural gas purchases | 633 | 892 |
| Interest | 473 | 534 |
| Compensation | 177 | 232 |
| Settlement of Calcasieu Funding preferred units | 109 |  |
| Distributions to non-controlling interests | 34 |  |
| Derivative liabilities | 69 | 104 |
| Other | 243 | 214 |
| &nbsp;&nbsp;Total accrued and other liabilities | $2769 | $2795 |

---

**Note 8 – Debt**

The following table summarizes outstanding debt:

---

| | | | |
|:---|:---|:---|:---|
| | **Maturity** | **March 31,<br>2026** | **December 31,<br>2025** |
| **Fixed rate:** | | | |
| &nbsp;&nbsp;VGLNG Senior Secured Notes<sup>(a)</sup> | 2028 - 2032 | $11000 | $11000 |
| &nbsp;&nbsp;VGCP Senior Secured Notes<sup>(b)</sup> | 2029 - 2033 | 4750 | 4750 |
| &nbsp;&nbsp;VGPL Senior Secured Notes<sup>(c)</sup> | 2030 - 2036 | 9500 | 9500 |
| &nbsp;&nbsp;Other fixed rate debt<sup>(d)</sup> | 2029 | 84 | 84 |
| **Variable rate:** |  |  |  |
| &nbsp;&nbsp;Calcasieu Pass Credit Facilities | 2026 | 757 | 806 |
| &nbsp;&nbsp;Plaquemines Credit Facilities | 2029 | 2683 | 2683 |
| &nbsp;&nbsp;CP2 Credit Facilities | 2032 | 4555 | 1860 |
| &nbsp;&nbsp;CP2 Holdings EBL Facilities | 2028 | 2664 | 3000 |
| &nbsp;&nbsp;Blackfin Credit Facilities | 2030 - 2032 | 1151 | 1129 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total outstanding debt |  | 37144 | 34812 |
| &nbsp;&nbsp;Less: Unamortized debt discount, premium and issuance costs |  | (562) | (607) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total outstanding debt, net |  | 36582 | 34205 |
| &nbsp;&nbsp;Less: Current portion of long-term debt, net |  | (126) | (812) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total long-term debt, net |  | $36456 | $33393 |

---

____________

<sup>(a)</sup>The Venture Global LNG, Inc. ("VGLNG") Senior Secured Notes are secured on a pari passu basis by a first-priority security interest in substantially all of the existing and future assets of VGLNG and the future guarantors, if any. In addition, VGLNG has pledged its membership interests in certain material direct subsidiaries as collateral to secure its obligations under the VGLNG Senior Secured Notes.

------

<u>[Table of contents](#i1913c702fafc4870bed2af8282b10336_7)</u>

**VENTURE GLOBAL, INC.** 

**NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

<sup>(b)</sup>The obligations of Venture Global Calcasieu Pass, LLC ("VGCP") under the VGCP Senior Secured Notes are guaranteed by TransCameron Pipeline, LLC ("TCP") and secured on a pari passu basis by a first-priority security interest in certain assets that secure the Calcasieu Pass Credit Facilities.

<sup>(c)</sup>The obligations of Venture Global Plaquemines LNG, LLC ("VGPL") under the VGPL Senior Secured Notes are guaranteed by Venture Global Gator Express, LLC ("Gator Express") and secured on a pari passu basis by a first-priority security interest in the assets that secure the Plaquemines Credit Facilities.

<sup>(d)</sup>Secured by a first priority interest in corporate property.

**Fixed rate debt**

*VGCP Senior Secured Notes*

In April 2026, VGCP issued $750 million aggregate principal amount of 6.000% senior secured notes due 2036 (the "VGCP 2036 Notes"). The net proceeds from the issuance of the VGCP 2036 Notes, hedge termination proceeds, and cash on hand were used to prepay, in full, the $757 million outstanding under the Calcasieu Pass Construction Term Loan and to pay costs incurred with the offering. As a result of the refinancing, the Calcasieu Pass Construction Term Loan is classified as noncurrent on the condensed consolidated balance sheets as of March 31, 2026. See *Note 20 – Subsequent Events*.

**Variable rate debt — LNG projects**

Below is a summary of senior secured committed credit facilities outstanding for our LNG projects as of March 31, 2026:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Calcasieu Pass** <br>**Credit Facilities**<sup>(a)</sup> | **Calcasieu Pass** <br>**Credit Facilities**<sup>(a)</sup> | **Plaquemines** <br>**Credit Facilities**<sup>(b)</sup> | **Plaquemines** <br>**Credit Facilities**<sup>(b)</sup> | **CP2 Credit Facilities**<sup>(c)</sup> | **CP2 Credit Facilities**<sup>(c)</sup> | |
| | **Calcasieu Pass Construction Term Loan** | **Calcasieu Pass Working Capital Facility** | **Plaquemines Construction Term Loan** | **Plaquemines Working Capital Facility** | **CP2 Construction Term Loan** | **CP2 <br>Working Capital Facility** | **CP2 Holdings EBL Facilities**<sup>(d)</sup> |
| Total commitments | $5477 | $555 | $12948 | $2100 | $19100 | $1600 | $3000 |
| Less: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Outstanding balances | 757 |  | 2529 | 154 | 4555 |  | 2664 |
| &nbsp;&nbsp;Commitments prepaid<br> or terminated | 4720 |  | 10419 |  |  |  | 336 |
| &nbsp;&nbsp;Letters of credit issued |  | 253 |  | 1355 |  | 183 |  |
| Available commitments | $— | $302 | $— | $591 | $14545 | $1417 | $— |

---

____________

<sup>(a)</sup>The obligations of VGCP as the borrower are guaranteed by TCP and secured by a first-priority lien on substantially all of the assets of VGCP and TCP, as well as all of the membership interests in those companies.

<sup>(b)</sup>The obligations of VGPL as the borrower are guaranteed by Gator Express and secured by a first-priority lien on substantially all of the assets of VGPL and Gator Express, as well as all of the membership interests in those companies.

<sup>(c)</sup>The obligations of Venture Global CP2 LNG, LLC ("CP2") as the borrower are guaranteed by CP2 Procurement, LLC ("CP2 Procurement") and Venture Global CP Express, LLC ("CP Express") and secured by a first-priority lien on substantially all of the assets of CP2, CP2 Procurement and CP Express, as well as all of the membership interests in those companies.

<sup>(d)</sup>CP2 LNG Holdings, LLC ("CP2 Holdings") as the borrower has pledged all its assets as collateral to secure its obligations under the CP2 Holdings EBL Facilities.

*Final Investment Decision ("FID") for Phase 2 of the CP2 Project*

In March 2026, Phase 2 of the CP2 Project achieved FID. The Company obtained $8.6 billion in additional project financing to fund the development and construction of Phase 2 of the CP2 Project by amending and restating its CP2 Credit Facilities to upsize (i) the $11.3 billion CP2 Construction Term Loan by $7.9 billion and (ii) the $850 million CP2 Working Capital Facility by $750 million. This resulted in an aggregate amount of $20.7 billion under the CP2 Credit Facilities to fund a portion of the project costs for Phases 1 and 2 of the CP2 Project and select activities for the CP2 Expansion Project. In connection with the upsizing of the CP2 Credit Facilities, CP2 incurred

------

<u>[Table of contents](#i1913c702fafc4870bed2af8282b10336_7)</u>

**VENTURE GLOBAL, INC.** 

**NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

debt issuance costs of $313 million primarily related to lender fees which are amortized over the term of the credit facility.

The CP2 Credit Facilities can be voluntarily prepaid at any time without premium or penalty.

*Calcasieu Funding Credit Facility*

In April 2026, Calcasieu Pass Funding, LLC ("Calcasieu Funding"), an indirect controlled subsidiary of the Company, entered into a $1.75 billion variable rate senior secured term loan B facility (the "Calcasieu Funding TLB Facility") due April 2033. A portion of the proceeds from the financing were used to redeem, in full, the $1.6 billion CP Funding Redeemable Preferred Units, as defined and discussed in *Note 14 – Redeemable Stock of Subsidiary,* and pay costs incurred in connection with the offering. See *Note 20 – Subsequent Events*.

**Variable rate debt — pipeline infrastructure projects**

Below is a summary of senior secured committed credit facilities outstanding for the Company's pipeline infrastructure projects as of March 31, 2026:

---

| | | | |
|:---|:---|:---|:---|
| | **Blackfin Credit Facilities**<sup>(a)</sup> | **Blackfin Credit Facilities**<sup>(a)</sup> | **Blackfin Credit Facilities**<sup>(a)</sup> |
| | **Blackfin TLA Facility** | **Blackfin TLB Facility** | **Blackfin Working Capital Facility** |
| Total commitments | $425 | $1075 | $75 |
| Less: |  |  |  |
| &nbsp;&nbsp;Outstanding balances | 79 | 1072 |  |
| &nbsp;&nbsp;Commitments prepaid or terminated |  | 3 |  |
| Available commitments | $346 | $— | $75 |

---

____________

<sup>(a)</sup>Blackfin, as borrower, has pledged all its assets as collateral to secure its obligations under the Blackfin Credit Facilities.

**VGLNG Revolving Credit Facility** 

Below is a summary of senior secured committed credit facilities outstanding for the VGLNG Revolving Credit Facility as of March 31, 2026:

---

| | |
|:---|:---|
| | **VGLNG Revolving Credit Facility**<sup>(a)</sup> |
| Total commitments | $2000 |
| Less: |  |
| &nbsp;&nbsp;Outstanding balances |  |
| Available commitments | $2000 |

---

____________

<sup>(a)</sup>The VGLNG Revolving Credit Facility matures on November 7, 2030. Borrowings under the VGLNG Revolving Credit Facility are secured by a first-priority perfected security interest in, subject to certain exceptions, substantially all of the existing and future assets of VGLNG and any future guarantors, if any. As of March 31, 2026, there are no guarantors. If certain of VGLNG's subsidiaries incur or guarantee certain amounts of indebtedness in the future, then they will be required to guarantee the VGLNG Revolving Credit Facility.

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<u>[Table of contents](#i1913c702fafc4870bed2af8282b10336_7)</u>

**VENTURE GLOBAL, INC.** 

**NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**Interest expense on debt**

The following table presents the total interest expense incurred on debt and other instruments:

---

| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| Stated interest | $630 | $526 |
| Amortization of debt discounts, premiums and issuance costs | 58 | 32 |
| Other interest and fees | 36 | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest cost | 724 | 569 |
| Capitalized interest | (280) | (293) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest expense, net | $444 | $276 |

---

**Note 9 – Derivatives** 

**Overview of derivative instruments**

*Interest rate swaps*

The Company has entered into interest rate swaps to mitigate its exposure to variability in interest payments associated with certain variable rate debt. None of the Company's interest rate swaps was designated as cash flow hedges as of March 31, 2026 or December 31, 2025.

The following table summarizes outstanding interest rate swaps, all of which receive variable rate compounding U.S. Secured Overnight Financing Rate ("SOFR"):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | | | | **Outstanding notional as of** | **Outstanding notional as of** |
| **Debt instrument** | **Latest maturity** | **Mandatory early termination** | **Pay**<br>**fixed rate**<sup>(a)</sup> | **Maximum notional** | **March 31,<br>2026** | **December 31,<br>2025** |
| CP2 Credit Facilities | 2050 | 2032 | 4.04% | $13319 | $2970 | $1402 |
| Plaquemines Credit Facilities | 2047 | 2029 | 2.46% | 2051 | 2051 | 2051 |
| Blackfin Credit Facilities | 2047 | 2030 & 2032 | 3.71% | 1189 | 1189 | 1191 |
| Calcasieu Pass Credit Facilities<sup>(b)</sup> | 2036 | 2026 | 2.56% | 735 | 735 | 783 |
| &nbsp;&nbsp;&nbsp;Total notional |  |  |  | $17294 | $6945 | $5427 |

---

____________

<sup>(a)</sup>Represents a weighted-average fixed rate based on the maximum notional.

<sup>(b)</sup>In April 2026, the Company settled, in full, the Calcasieu Pass Construction Term Loan and associated interest rate swaps. See *Note 20 – Subsequent Events* for further discussion.

*Natural gas supply contracts*

The Company has natural gas supply contracts for the supply of feed gas to its projects. None of the Company's natural gas supply contracts was designated as normal purchases and normal sales or hedges as of March 31, 2026 or December 31, 2025.

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<u>[Table of contents](#i1913c702fafc4870bed2af8282b10336_7)</u>

**VENTURE GLOBAL, INC.** 

**NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

The following table summarizes outstanding natural gas supply contracts recognized as derivatives (notional amount in millions of MMBtus):

---

| | | | |
|:---|:---|:---|:---|
| | | **Total notional as of** | **Total notional as of** |
| | **Latest maturity** | **March 31,<br>2026** | **December 31,<br>2025** |
| &nbsp;&nbsp;&nbsp;Total notional | 2039 | 4304 | 3613 |

---

**Overview of results**

The following table summarizes the fair value and classification of derivatives on the condensed consolidated balance sheets:

---

| | | | |
|:---|:---|:---|:---|
| | **Balance sheet location** | **March 31,<br>2026** | **December 31,<br>2025** |
| **Assets** | | | |
| &nbsp;&nbsp;&nbsp;Interest rate swaps | Derivative assets | $40 | $36 |
| &nbsp;&nbsp;&nbsp;Natural gas supply contracts | Derivative assets | 48 | 29 |
| &nbsp;&nbsp;&nbsp;Interest rate swaps | Noncurrent derivative assets | 203 | 203 |
| &nbsp;&nbsp;&nbsp;Natural gas supply contracts | Noncurrent derivative assets | 3 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets |  | $294 | $281 |
| **Liabilities** |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest rate swaps | Accrued and other liabilities | $29 | $32 |
| &nbsp;&nbsp;&nbsp;Natural gas supply contracts | Accrued and other liabilities | 40 | 72 |
| &nbsp;&nbsp;&nbsp;Interest rate swaps | Other noncurrent liabilities | 63 | 63 |
| &nbsp;&nbsp;&nbsp;Natural gas supply contracts | Other noncurrent liabilities | 87 | 89 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities |  | $219 | $256 |

---

The following table presents the gross and net fair value of outstanding derivatives:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| | **Gross balance** | **Balance subject to netting** | **Net balance** | **Gross balance** | **Balance subject to netting** | **Net balance** |
| Derivative assets | $312 | $(18) | $294 | $296 | $(15) | $281 |
| Derivative liabilities | (237) | 18 | (219) | (271) | 15 | (256) |

---

The following table presents the pre-tax effects of derivative instruments recognized in earnings:

---

| | | | |
|:---|:---|:---|:---|
| | | **Three months ended March 31,** | **Three months ended March 31,** |
| | **Line item** | **2026** | **2025** |
| Natural gas supply contracts | Cost of sales | $(45) | $38 |
| Natural gas supply contracts | Development expense | 3 |  |
| Interest rate swaps | Gain (loss) on interest rate swaps | 15 | (192) |

---

**Credit-risk related contingent features**

*Interest rate swaps*

The interest rate swap agreements contain cross default provisions whereby if the Company were to default on certain indebtedness, it could also be declared in default on its derivative obligations and may be required to net

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<u>[Table of contents](#i1913c702fafc4870bed2af8282b10336_7)</u>

**VENTURE GLOBAL, INC.** 

**NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

settle the outstanding derivative liability positions with its counterparties. As of March 31, 2026, the Company had not posted any collateral related to these agreements and was not in breach of any agreement provisions. The aggregate fair value of the Company's interest rate swap derivative instruments with credit-risk related contingent features in a net liability position was $92 million as of March 31, 2026.

*Natural gas supply contracts*

Certain natural gas supply contracts contain credit risk-related contingent features which stipulate that if the Company's credit ratings were to change, it could lead to a change in required collateral. The aggregate fair value of the Company's natural gas supply contracts with credit-risk related contingent features in a net liability position was $57 million. The Company posted $90 million of collateral associated with these credit-risk related contingent features in the form of letters of credit under the Calcasieu Pass Working Capital Facility as of March 31, 2026.

**Note 10 – Fair Value Measurements** 

The following table presents financial assets and liabilities measured at fair value on a recurring basis and indicates their levels within the fair value hierarchy:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| | **Level 1** | **Level 2** | **Level 3** | **Total** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets** | | | | | | | | |
| &nbsp;&nbsp;Money market funds<sup>(a)</sup> | $355 | $— | $— | $355 | $340 | $— | $— | $340 |
| &nbsp;&nbsp;Interest rate swaps<sup>(b)</sup> |  | 245 |  | 245 |  | 245 |  | 245 |
| &nbsp;&nbsp;Natural gas supply contracts<sup>(b)</sup> |  |  | 67 | 67 |  | 1 | 50 | 51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $355 | $245 | $67 | $667 | $340 | $246 | $50 | $636 |
| **Liabilities** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Interest rate swaps<sup>(c)</sup> | $— | $93 | $— | $93 | $— | $102 | $— | $102 |
| &nbsp;&nbsp;Natural gas supply contracts<sup>(c)</sup> |  | 2 | 142 | 144 |  | 20 | 149 | 169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $— | $95 | $142 | $237 | $— | $122 | $149 | $271 |

---

_______________

<sup>(a)</sup>Included in cash and cash equivalents on the condensed consolidated balance sheets.

<sup>(b)</sup>Included in derivative assets and noncurrent derivative assets on the condensed consolidated balance sheets.

<sup>(c)</sup>Included in accrued and other liabilities and other noncurrent liabilities on the condensed consolidated balance sheets.

*Interest rate swaps*

The fair values of the Company's interest rate swaps are classified as Level 2 and determined using a discounted cash flow method that incorporates observable inputs. The fair value calculation includes a credit valuation adjustment and forward interest rate curves for the same periods of the future maturity dates of the interest rate swaps. For further discussion, see *Note 9 – Derivatives*.

*Level 3 unobservable inputs*

The Company determines the fair value of its natural gas supply contracts using either an income or options-based approach. This incorporates present value techniques using a risk free rate of return, observable forward commodity price curves, and may incorporate other significant unobservable inputs. Significant unobservable inputs include implied forward curves at illiquid delivery locations and, if an option pricing model is used, volatility assumptions derived from observed historical market data adjusted for evolving industry conditions and market trends as of the balance sheet date as well as counterparty credit risk adjustments.

Due to the uncertainty surrounding these inputs, certain natural gas supply contracts are classified as Level 3 in the fair value hierarchy. Changes in these inputs can have a significant impact on the valuation of the Company's

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<u>[Table of contents](#i1913c702fafc4870bed2af8282b10336_7)</u>

**VENTURE GLOBAL, INC.** 

**NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

natural gas supply contracts, which can result in a significantly higher or lower estimated fair value. See *Note 9 – Derivatives* for further discussion.

The following table includes quantitative information for the unobservable inputs for Level 3 natural gas supply contracts as of March 31, 2026 (natural gas price amounts in dollars):

---

| | | | |
|:---|:---|:---|:---|
| **Valuation approach** | **Significant unobservable input** | **Range of significant unobservable input** | **Arithmetic average of significant unobservable input** |
| Discounted cash flow | Forward natural gas price per MMBtu<sup>(a)</sup> | $2.61 to $5.80 | $3.70 |
| Option pricing model | Volatility | 12.4% to 62.6% | 24.3% |

---

____________

<sup>(a)</sup>&nbsp;&nbsp;&nbsp;&nbsp;At illiquid delivery locations.

The following table sets forth a reconciliation of changes in the net fair value of derivative instruments measured at fair value on a recurring basis using Level 3 inputs:

---

| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| Beginning balance as of January 1 | $(99) | $6 |
| &nbsp;&nbsp;Total realized and unrealized loss included in earnings | (27) | (10) |
| &nbsp;&nbsp;Settlements | 62 | (24) |
| &nbsp;&nbsp;Transfer into Level 3 | (11) |  |
| Ending balance as of March 31 | $(75) | $(28) |
| Unrealized gain (loss) included in earnings | $35 | $(34) |

---

*Other financial instruments*

The following table presents the carrying value, fair value and fair value hierarchy of outstanding debt instruments in the condensed consolidated balance sheets:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| | **Carrying value** | **Fair value** | **Fair value** | **Fair value** | **Fair value** |
| | **Carrying value** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Fixed rate debt | $25334 | $26158 | $84 | $— | $26242 |
| Variable rate debt | 11810 | 1080 | 10738 |  | 11818 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| | **Carrying value** | **Fair value** | **Fair value** | **Fair value** | **Fair value** |
| | **Carrying value** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Fixed rate debt | $25334 | $25426 | $84 | $— | $25510 |
| Variable rate debt | 9478 | 1078 | 8403 |  | 9481 |

---

**Note 11 – Income Taxes**

The Company's provision for income taxes is based on an estimated annual effective tax rate, plus discrete items. The Company's effective tax rate was 15.1% for the three months ended March 31, 2026, and was different from the statutory income tax rate due to a combination of factors including stock option windfall tax benefits, the

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<u>[Table of contents](#i1913c702fafc4870bed2af8282b10336_7)</u>

**VENTURE GLOBAL, INC.** 

**NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

Foreign-Derived Deduction-Eligible Income ("FDDEI") deduction, non-deductible expenses, and valuation allowance adjustments.

The Company's effective tax rate was 22.6% for the three months ended March 31, 2025, and was different from the statutory income tax rate due to a combination of factors including non-deductible expenses and valuation allowance adjustments caused by a change in the realizability of certain deferred tax assets.

**Note 12 – Commitments and Contingencies**

*Litigation*

The Company is involved in certain claims, suits, and legal proceedings in the normal course of business. The Company accrues for litigation and claims when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. There can be no assurance that these accrued liabilities will be adequate to cover all existing and future claims or that the Company will have the liquidity to pay such claims as they arise.

Where no accrued liability has been recognized, it is reasonably possible that some matters could be decided unfavorably to the Company. This could require the Company to pay damages or make expenditures in amounts that could be material but could not be estimated as of March 31, 2026.

Disputes with certain customers under the Calcasieu Project's post-COD SPAs are accounted for under ASC 606, *Revenue from Contracts with Customers*. See *Note 3 – Revenue from Contracts with Customers* for discussion of certain disputes with customers.

*Credit arrangements*

The Company has entered into certain credit arrangements to secure the transportation and supply of natural gas, regasification capacity, and certain equity guarantees for the CP2 Credit Facilities. As of March 31, 2026, the maximum undiscounted potential exposure associated with these arrangements was $825 million. This amount is not currently recognized as a liability on our condensed consolidated balance sheet. To date, no amounts have been drawn against these arrangements.

**Note 13 – Equity**

On January 27, 2025, the Company completed its IPO in which it issued and sold 70 million shares of Class A common stock, par value $0.01, at a public offering price of $25.00 per share. The Company received proceeds of $1.7 billion, net of underwriting discounts and commissions of $70 million and offering expenses of $10 million. Prior to the completion of the IPO, all shares of Class A common stock held by VG Partners, approximately 1.97 billion shares, were converted into an equal number of shares of Class B common stock.

As of March 31, 2026 and December 31, 2025, the Company had 200 million shares of preferred stock, 4.4 billion shares of Class A common stock and 3.0 billion shares of Class B common stock authorized for issuance.

**Note 14 – Redeemable Stock of Subsidiary** 

In August 2019, Calcasieu Funding, an indirect controlled subsidiary of the Company, issued 9 million redeemable preferred units (the "CP Funding Redeemable Preferred Units"). The Redeemable Preferred Units incurred cumulative, quarterly distributions which were paid in cash or in-kind by increasing the face value of the Redeemable Preferred Units.

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<u>[Table of contents](#i1913c702fafc4870bed2af8282b10336_7)</u>

**VENTURE GLOBAL, INC.** 

**NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

During the three months ended March 31, 2026, the Company declared a cash settlement of $42 million for the quarterly distribution and cash settlement of $67 million, or 356,067 units, for previously accrued distributions on the CP Funding Redeemable Preferred Units. These declared settlements were recognized in accrued and other liabilities on the condensed consolidated balances sheet as of March 31, 2026. There were no cash settlements declared during the three months ended March 31, 2025.

The following table summarizes the change in redeemable stock of subsidiary on the condensed consolidated balance sheets:

---

| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| Beginning balance as of January 1 | $1696 | $1529 |
| &nbsp;&nbsp;Net income attributable to preferred units<sup>(a)</sup> | 42 | 38 |
| &nbsp;&nbsp;&nbsp;Settlement of preferred units | (109) |  |
| Ending balance as of March 31 | $1629 | $1567 |

---

____________

<sup>(a)</sup>Presented as net income attributable to redeemable stock of subsidiary on the condensed consolidated statements of operations.

In April 2026, Calcasieu Funding redeemed in full the CP Funding Redeemable Preferred Units, thereby removing the requirement to settle accrued distributions on the CP Funding Preferred Units prior to distributing available cash to VGLNG or its affiliates. See *Note 8 – Debt* and *Note 20 – Subsequent Events* for further discussion.

**Note 15 – Non-Controlling Interests**

*VGLNG Series A Preferred Shares*

During the three months ended March 31, 2026 and 2025, the Company accumulated dividends of $68 million, or $22.50 per share, and declared and paid dividends of $135 million, or $45.00 per share, on the VGLNG Series A Preferred Shares. The balance of accumulated but undeclared dividends was $1 million, or $0.25 per share and $68 million, or $22.75 per share, as of March 31, 2026 and December 31, 2025, respectively.

*Calcasieu Holdings*

In August 2019, Calcasieu Pass Holdings, LLC ("Calcasieu Holdings"), an indirect controlled subsidiary of the Company, issued 4 million convertible preferred units (the "CP Holdings Convertible Preferred Units"), which represent third-party ownership in the net assets of Calcasieu Holdings.

Upon COD of the Calcasieu Project in April 2025, the CP Holdings Convertible Preferred Units converted into Class B common units of Calcasieu Holdings. This conversion was equal to approximately 23% of the total outstanding common units of Calcasieu Holdings, reducing the Company's common equity interest in the Calcasieu Project to approximately 77%.

Prior to COD, the CP Holdings Convertible Preferred Units paid a cumulative quarterly distribution recognized as net income attributable to non-controlling interests. Subsequent to COD, the Class B common units of Calcasieu Holdings are adjusted by the amount of earnings or other comprehensive income attributable to the Class B common unit ownership.

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<u>[Table of contents](#i1913c702fafc4870bed2af8282b10336_7)</u>

**VENTURE GLOBAL, INC.** 

**NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

The following table summarizes the changes in the third-party ownership in the net assets of Calcasieu Holdings:

---

| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| Beginning balance as of January 1 | $593 | $575 |
| &nbsp;&nbsp;Net income attributable to non-controlling interests | 27 | 15 |
| &nbsp;&nbsp;Distributions | (34) | (15) |
| Ending balance as of March 31 | $586 | $575 |

---

**Note 16 – Earnings per Share**

Earnings per share is calculated using the two-class method and presented on a combined basis since the Class A common stock and the Class B common stock have identical rights and privileges, except for voting rights.

The following table sets forth the computation of net income per share attributable to the Class A and the Class B common stock outstanding (share amounts in millions):

---

| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| Net income | $625 | $517 |
| &nbsp;&nbsp;&nbsp;Less: Net income attributable to redeemable stock of subsidiary | 42 | 38 |
| &nbsp;&nbsp;&nbsp;Less: Net income attributable to non-controlling interests | 27 | 15 |
| &nbsp;&nbsp;&nbsp;Less: Dividends on VGLNG Series A preferred shares | 68 | 68 |
| Net income attributable to common stockholders | $488 | $396 |
| Weighted average shares of common stock outstanding |  |  |
| &nbsp;&nbsp;&nbsp;Basic | 2463 | 2399 |
| &nbsp;&nbsp;&nbsp;Dilutive stock options outstanding | 172 | 244 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | 2635 | 2643 |
| Net income attributable to common stockholders per share—basic<sup>(a)</sup> | $0.20 | $0.17 |
| Net income attributable to common stockholders per share—diluted<sup>(a)</sup> | $0.19 | $0.15 |
| Anti-dilutive stock options excluded from diluted net income per share | 33 | 14 |

---

____________

<sup>(a)</sup>&nbsp;&nbsp;&nbsp;&nbsp;Earnings per share may not recalculate exactly due to rounding.

**Note 17 – Supplemental Cash Flow Information**

The following table sets forth supplemental disclosure of cash flow information:

---

| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| Accrued capital expenditures | $1521 | $978 |
| Cash paid for interest, net of amounts capitalized | 439 | 253 |
| Cash paid for operating leases | 36 | 43 |

---

**Note 18 – Segment Information**

The following tables present financial information by segment, including significant segment expenses regularly provided to the chief operating decision maker, and a reconciliation of segment income (loss) from

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<u>[Table of contents](#i1913c702fafc4870bed2af8282b10336_7)</u>

**VENTURE GLOBAL, INC.** 

**NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

operations to income before income tax expense on the condensed consolidated statements of operations for the periods indicated.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Three months ended March 31, 2026** | **Three months ended March 31, 2026** | **Three months ended March 31, 2026** | **Three months ended March 31, 2026** | **Three months ended March 31, 2026** | **Three months ended March 31, 2026** |
| | **Calcasieu <br>Project** | **Plaquemines Project** | **CP2 <br>Project** | **Sales and<br>Shipping** | **Corporate, other and eliminations** | **Total** |
| Revenue | $1085 | $3393 | $— | $818 | $(697) | $4599 |
| Operating expense |  |  |  |  |  |  |
| &nbsp;&nbsp;Cost of sales | 779 | 2044 |  | 628 | (667) | 2784 |
| &nbsp;&nbsp;Operating and maintenance expense | 75 | 105 | 22 | 72 | (4) | 270 |
| &nbsp;&nbsp;General and administrative expense | 4 | 17 | 16 | 1 | 59 | 97 |
| &nbsp;&nbsp;Development expense |  | 18 | 12 |  | 16 | 46 |
| &nbsp;&nbsp;Depreciation and amortization | 45 | 168 |  | 18 | 20 | 251 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total operating expense | 903 | 2352 | 50 | 719 | (576) | 3448 |
| Income (loss) from operations | $182 | $1041 | $(50) | $99 | $(121) | $1151 |
| &nbsp;&nbsp;Interest income |  |  |  |  |  | 28 |
| &nbsp;&nbsp;Interest expense, net |  |  |  |  |  | (444) |
| &nbsp;&nbsp;Gain on interest rate swaps |  |  |  |  |  | 15 |
| &nbsp;&nbsp;Loss on financing transactions |  |  |  |  |  | (13) |
| &nbsp;&nbsp;Loss on foreign currency transactions |  |  |  |  |  | (1) |
| Income before income tax expense |  |  |  |  |  | $736 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Three months ended March 31, 2025** | **Three months ended March 31, 2025** | **Three months ended March 31, 2025** | **Three months ended March 31, 2025** | **Three months ended March 31, 2025** | **Three months ended March 31, 2025** |
| | **Calcasieu <br>Project** | **Plaquemines Project** | **CP2 <br>Project** | **Sales and<br>Shipping** | **Corporate, other and eliminations** | **Total** |
| Revenue | $1638 | $1186 | $1 | $481 | $(412) | $2894 |
| Operating expense |  |  |  |  |  |  |
| &nbsp;&nbsp;Cost of sales | 536 | 540 |  | 392 | (409) | 1059 |
| &nbsp;&nbsp;Operating and maintenance expense | 131 | 74 | 1 | 49 | (3) | 252 |
| &nbsp;&nbsp;General and administrative expense | 4 | 16 | 14 | 2 | 69 | 105 |
| &nbsp;&nbsp;Development expense |  | 10 | 149 |  | 23 | 182 |
| &nbsp;&nbsp;Depreciation and amortization | 65 | 131 |  | 6 | 14 | 216 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total operating expense | 736 | 771 | 164 | 449 | (306) | 1814 |
| Income (loss) from operations | $902 | $415 | $(163) | $32 | $(106) | $1080 |
| &nbsp;&nbsp;Interest income |  |  |  |  |  | 56 |
| &nbsp;&nbsp;Interest expense, net |  |  |  |  |  | (276) |
| &nbsp;&nbsp;Loss on interest rate swaps |  |  |  |  |  | (192) |
| Income before income tax expense |  |  |  |  |  | $668 |

---

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<u>[Table of contents](#i1913c702fafc4870bed2af8282b10336_7)</u>

**VENTURE GLOBAL, INC.** 

**NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

The following table presents the capital expenditures and total assets by segment for the periods indicated:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Capital expenditures**<sup>(a)</sup> | **Capital expenditures**<sup>(a)</sup> | **Total assets** | **Total assets** |
| | **Three months ended March 31,** | **Three months ended March 31,** | **March 31,<br>2026** | **December 31,<br>2025** |
| | **2026** | **2025** | **March 31,<br>2026** | **December 31,<br>2025** |
| &nbsp;&nbsp;Calcasieu Project | $3 | $8 | $6910 | $6955 |
| &nbsp;&nbsp;Plaquemines Project | 321 | 2216 | 26145 | 26256 |
| &nbsp;&nbsp;CP2 Project | 2404 | 684 | 14381 | 10857 |
| &nbsp;&nbsp;Sales and shipping | 179 | 74 | 2693 | 2485 |
| &nbsp;&nbsp;Corporate, other and eliminations | 274 | 496 | 6171 | 6893 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $3181 | $3478 | $56300 | $53446 |

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____________

<sup>(a)&nbsp;&nbsp;&nbsp;&nbsp;</sup>Includes financed capital expenditures.

**Note 19 – Recent Accounting Pronouncements**

The following table provides a description of a recently issued accounting pronouncement that has not yet been adopted as of March 31, 2026. Accounting pronouncements not listed below were assessed and determined to not have a material impact to the condensed consolidated financial statements.

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| | | |
|:---|:---|:---|
| **Standard** | **Description** | **Effect on the Company's condensed consolidated financial statements** |
| ASU 2024-03, *Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40)* | In November 2024, the FASB issued ASU 2024-03, which enhances income statement disclosures. This requires public business entities to provide a tabular disclosure of relevant expense captions disaggregated into categories such as purchases of inventory, employee compensation, depreciation, intangible asset amortization, and amounts that are already required to be disclosed under current GAAP, a qualitative description of the amounts remaining in the relevant expense captions that are not separately disaggregated and the total amount of selling expenses and, in annual periods, an entity's definition of selling expenses. <br>The standard is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The standard should be applied on a prospective basis, and retrospective application is permitted. | The Company is currently evaluating the impact on the financial statement disclosures. |

---

**Note 20 – Subsequent Events**

In April 2026, Calcasieu Funding entered into, and fully drew, the $1.75 billion Calcasieu Funding TLB Facility. Proceeds from the Calcasieu Funding TLB Facility were used to redeem, in full, the $1.6 billion CP Funding Redeemable Preferred Units. See *Note 8 – Debt* and *Note 14 – Redeemable Stock of Subsidiary* for further discussion.

In April 2026, VGCP issued the $750 million VGCP 2036 Notes and prepaid, in full, the $757 million outstanding under the Calcasieu Pass Construction Term Loan. See *Note 8 – Debt* for further discussion.

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**ITEM 2. &nbsp;&nbsp;&nbsp;&nbsp;MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS**

The condensed consolidated financial statements and the accompanying notes thereto, included in <u>[Item 1.—](#i1913c702fafc4870bed2af8282b10336_205)</u>*<u>[Financial Statements](#i1913c702fafc4870bed2af8282b10336_205)</u>* of this Form 10-Q, and discussion and analysis of our financial condition and results of operations should be read in conjunction with our 2025 Form 10-K. In addition to historical condensed consolidated financial information, this Form 10-Q contains forward-looking statements that reflect our plans, estimates, and beliefs that involve significant risks and uncertainties. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to those differences include those discussed below and in the Cautionary Statement on Forward-Looking Statements in this Form 10-Q and elsewhere in Item 1A.*—Risk Factors* of our 2025 Form 10-K. Except for per MMBtu amounts, or as otherwise specified, dollar amounts presented within tables are stated in millions.

**Executive Summary**

**Our Financial Results***.* 

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| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| Income from operations | $1151 | $1080 |
| LNG volumes sold (TBtu) | 480.8 | 228.3 |
| Weighted average price of LNG volumes sold (per MMBtu) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Liquefaction fee<sup>(1)</sup> | $3.82 | $8.55 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commodity fee | 5.69 | 4.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weighted average price of LNG volumes sold | $9.51 | $12.78 |

---

____________

<sup>(1)</sup> &nbsp;&nbsp;&nbsp;&nbsp;Includes fixed liquefaction fees and fees indexed to foreign gas markets, exclusive of an implied commodity fee.

Our income from operations for the three months ended March 31, 2026 increased compared to the prior year primarily due to higher sales volumes at our Plaquemines Project as a result of the continued ramp up of LNG production, and lower development costs at our CP2 Project following its declaration as probable during 2025, after which the majority of development costs were capitalized. These increases were partially offset by lower weighted average LNG sales prices, driven by lower prices under our Plaquemines Project LNG Commissioning Sales Agreements and lower prices under our Calcasieu Project post-COD SPAs as compared to prices under its LNG Commissioning Sales Agreements, as well as higher costs of feed gas.

**Our LNG Projects**

***Calcasieu Project***. Our initial LNG export facility declared COD and commenced the sale of LNG to its customers under its post-COD SPAs on April 15, 2025. Prior to COD, the Calcasieu Project sold LNG under LNG Commissioning Sales Agreements.

***Plaquemines Project***. Production and sales of LNG from our second LNG export facility increased during the period while physical construction and commissioning continued to advance. In March 2026, the DOE approved our application to increase authorized exports to Non-FTA Nations from 24.0 mtpa to 27.2 mtpa. Additionally, we submitted a new DOE export application to further increase the authorized export volumes to 35.0 mtpa.

***CP2 Project***. In March 2026, Phase 2 of the CP2 Project achieved FID and obtained $8.6 billion in additional project financing to fund the development and construction of Phase 2 of the CP2 Project. During the three months ended March 31, 2026, we incurred $2.9 billion of project costs, the majority of which were capitalized, primarily associated with construction activities and purchases of equipment.

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In February 2026, the CP2 Project executed a 20-year post-COD SPA for the delivery of 1.5 mtpa from Phase 2 of the CP2 Project, increasing the total expected post-COD capacity under contract from 26.0 mtpa to 27.5 mtpa.

**Other Developments***.* 

In 2026, VG Commodities has executed various new five-year LNG sales agreements totaling approximately 3.0 mtpa, further advancing our strategy of maintaining a diversified portfolio of short- medium- and long-term LNG sales agreements to optimize pricing and manage risk across our portfolio of assets.

In April 2026, we strengthened our financial position by redeeming, in full, the CP Funding Redeemable Preferred Units, which carried a stated cash interest rate of 10% and various liquidity restrictions, using proceeds from the newly issued variable rate Calcasieu Funding TLB Facility. Additionally, we repaid, in full, the outstanding balance of the Calcasieu Pass Construction Term Loan, which was due in August 2026, with proceeds from the newly issued VGCP 2036 Notes.

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**Consolidated Results of Operations**

***Three months ended March 31, 2026 compared to three months ended March 31, 2025***

The following table shows a summary of our consolidated results of operations for the periods indicated:

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** | **Change** | **Change** |
| | **2026** | **2025** | **($)** | **(%)** |
| **REVENUE** | $4599 | $2894 | $1705 | 59% |
| **OPERATING EXPENSE** |  |  |  |  |
| &nbsp;&nbsp;Cost of sales (exclusive of depreciation and amortization shown separately below) | 2784 | 1059 | 1725 | 163% |
| &nbsp;&nbsp;Operating and maintenance expense | 270 | 252 | 18 | 7% |
| &nbsp;&nbsp;General and administrative expense | 97 | 105 | (8) | (8)% |
| &nbsp;&nbsp;Development expense | 46 | 182 | (136) | (75)% |
| &nbsp;&nbsp;Depreciation and amortization | 251 | 216 | 35 | 16% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total operating expense | 3448 | 1814 | 1634 | 90% |
| **INCOME FROM OPERATIONS** | 1151 | 1080 | 71 | 7% |
| **OTHER INCOME (EXPENSE)** |  |  |  |  |
| &nbsp;&nbsp;Interest income | 28 | 56 | (28) | (50)% |
| &nbsp;&nbsp;Interest expense, net | (444) | (276) | (168) | 61% |
| &nbsp;&nbsp;Gain (loss) on interest rate swaps | 15 | (192) | 207 | 108% |
| &nbsp;&nbsp;Loss on financing transactions | (13) |  | (13) | NM |
| &nbsp;&nbsp;Loss on foreign currency transactions | (1) |  | (1) | NM |
| &nbsp;&nbsp;&nbsp;&nbsp;Total other expense | (415) | (412) | (3) | 1% |
| **INCOME BEFORE INCOME TAX EXPENSE** | 736 | 668 | 68 | 10% |
| &nbsp;&nbsp;Income tax expense | 111 | 151 | (40) | (26)% |
| **NET INCOME**  | 625 | 517 | 108 | 21% |
| &nbsp;&nbsp;Less: Net income attributable to redeemable stock of subsidiary | 42 | 38 | 4 | 11% |
| &nbsp;&nbsp;Less: Net income attributable to non-controlling interests | 27 | 15 | 12 | 80% |
| &nbsp;&nbsp;Less: Dividends on VGLNG Series A Preferred Shares | 68 | 68 |  | —% |
| &nbsp;&nbsp;**NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS** | $488 | $396 | $92 | 23% |

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____________

NM&nbsp;&nbsp;&nbsp;&nbsp;Percentage not meaningful.

***Revenue***

Revenue was $4.6 billion for the three months ended March 31, 2026, a $1.7 billion, or 59%, increase from $2.9 billion for the three months ended March 31, 2025. This increase was primarily due to $3.1 billion from higher LNG sales volumes primarily at the Plaquemines Project due to the continued ramp up of LNG production. This increase was partially offset by lower net LNG sales prices of $1.4 billion due to lower commissioning sales prices at our Plaquemines Project and the transition from commissioning sales to sales under our post-COD SPAs at our Calcasieu Project.

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***Operating Expense***

*Cost of Sales*

Cost of sales was $2.8 billion for the three months ended March 31, 2026, a $1.7 billion, or 163%, increase from $1.1 billion for the three months ended March 31, 2025. This increase was due to $1.3 billion from higher LNG sales volumes primarily at the Plaquemines Project due to the continued ramp up of LNG production, and $531 million from higher costs of feed gas. These increases were partially offset by an $83 million favorable change in the fair value of our natural gas supply contracts.

*Operating and Maintenance Expense*

Operating and maintenance expense was $270 million for the three months ended March 31, 2026, an $18 million, or 7%, increase from $252 million for the three months ended March 31, 2025. This increase was primarily due to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $31 million at Plaquemines for higher maintenance and operational insurance costs in support of the ramp up of LNG production;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $21 million at the CP2 Project due to an increase in personnel costs primarily associated with higher headcount; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $19 million primarily due to a higher number of LNG tankers in operation and an increase in regasification costs.

These increases were partially offset by a $56 million reduction in operating costs at the Calcasieu Project primarily due to lower commissioning and remediation work and legal fees.

*General and Administrative Expense*

General and administrative expense was $97 million for the three months ended March 31, 2026, an $8 million, or 8%, decrease from $105 million for the three months ended March 31, 2025. This decrease was primarily due to lower compensation expense of $21 million. This decrease was partially offset by increased non-personnel costs of $13 million primarily due to increases in legal and management fees.

*Development Expense*

Development expense was $46 million for the three months ended March 31, 2026, a $136 million, or 75%, decrease from $182 million for the three months ended March 31, 2025. This decrease was primarily due to lower development costs of $137 million due to costs being expensed prior to the CP2 Project being declared probable during 2025, and the majority of the costs to develop the facility subsequently being capitalized.

*Depreciation and Amortization* 

Depreciation and amortization was $251 million for the three months ended March 31, 2026, a $35 million, or 16%, increase from $216 million for the three months ended March 31, 2025. This increase was primarily due to placing a portion of the Plaquemines Project assets and additional LNG tankers in service from an accounting perspective throughout 2025 and 2026. This increase was partially offset by a decrease of $91 million due to an extension of the estimated useful lives of certain LNG facility assets in the third quarter of 2025 to align with the extended remaining terms of certain land leases to which the LNG facility assets are affixed.

***Other Income or Expense***

*Interest Income*

Interest income was $28 million for the three months ended March 31, 2026, a $28 million, or 50%, decrease from $56 million for the three months ended March 31, 2025. This decrease was primarily due to lower average

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cash balances and interest rates during the three months ended March 31, 2026, compared to the three months ended March 31, 2025.

*Interest Expense, Net*

Interest expense, net was $444 million for the three months ended March 31, 2026, a $168 million, or 61%, increase from $276 million for the three months ended March 31, 2025. This increase was primarily due to higher non-capitalizable interest costs due to placing a portion of the Plaquemines Project assets in service in accordance with the applicable accounting guidance and higher commitment fees.

*Gain (Loss) on Interest Rate Swaps*

Gain on interest rate swaps was $15 million for the three months ended March 31, 2026, a $207 million, or 108%, favorable change from a loss on interest rate swaps of $192 million for the three months ended March 31, 2025. This favorable change was primarily due to an increase in the forward interest rate curves during the three months ended March 31, 2026, compared to a decrease during the three months ended March 31, 2025, resulting in:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a $195 million favorable change on the Plaquemines Project interest rate swaps; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a $10 million favorable change on the Calcasieu Project interest rate swaps.

*Loss on Financing Transactions*

Loss on financing transactions was $13 million for the three months ended March 31, 2026. This increase was due to the write-off of debt issuance costs associated with the partial prepayment of the CP2 Holdings EBL Facilities during the three months ended March 31, 2026. There was no similar activity during the same period in 2025.

*Loss on Foreign Currency Transactions*

Loss on foreign currency transactions was $1 million for the three months ended March 31, 2026.

*Income Tax Expense*

Income tax expense was $111 million for the three months ended March 31, 2026, a $40 million, or 26%, decrease from $151 million for the three months ended March 31, 2025, primarily due to an increase in tax benefits associated with employee stock option exercises and the impact of the FDDEI deduction, partially offset by an increase in income before income tax expense. Our effective tax rate was 15.1% for the three months ended March 31, 2026, compared to 22.6% for the three months ended March 31, 2025. The 2026 effective tax rate was impacted primarily by the recognition of tax benefits upon the exercise of employee stock options, the impact of the FDDEI deduction, as well as a combination of non-deductible expenses and changes in the valuation allowance against certain deferred tax assets.

*Net Income Attributable to Redeemable Stock of Subsidiary* 

Net income attributable to redeemable stock of subsidiary was $42 million for the three months ended March 31, 2026, a $4 million, or 11%, increase from $38 million for the three months ended March 31, 2025. This increase was due to a higher average balance of the CP Funding Redeemable Preferred Units.

*Net Income Attributable to Non-controlling Interests* 

Net income attributable to non-controlling interests was $27 million for the three months ended March 31, 2026, a $12 million, or 80%, increase from $15 million for the three months ended March 31, 2025. This increase was due to the allocation of earnings to the Calcasieu Holdings Class B common unit holders based on ownership

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interests subsequent to COD of the Calcasieu Project, compared to a stated allocation of 10% per annum prior to COD in for the three months ended March 31, 2025.

*Dividends on VGLNG Series A Preferred Shares* 

Dividends on VGLNG Series A Preferred Shares were $68 million for the three months ended March 31, 2026 and 2025.

**Segment Results of Operations**

We have four reportable segments, which consist of the Calcasieu Project, the Plaquemines Project, the CP2 Project, and our sales and shipping business. Activities reported in corporate, other and eliminations include immaterial operating segments, overhead costs not directly associated with our reportable segments (for example, general and administrative and marketing expenses), and inter-segment eliminations.

***Three months ended March 31, 2026 compared to three months ended March 31, 2025***

The following table shows a summary of our segment income (loss) from operations for the periods indicated:

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** | **Change** | **Change** |
| | **2026** | **2025** | **($)** | **(%)** |
| &nbsp;&nbsp;&nbsp;Calcasieu Project | $182 | $902 | $(720) | (80)% |
| &nbsp;&nbsp;&nbsp;Plaquemines Project | 1041 | 415 | 626 | 151% |
| &nbsp;&nbsp;&nbsp;CP2 Project | (50) | (163) | 113 | (69)% |
| &nbsp;&nbsp;Sales and shipping | 99 | 32 | 67 | 209% |
| &nbsp;&nbsp;Corporate, other and eliminations | (121) | (106) | (15) | 14% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $1151 | $1080 | $71 | 7% |

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***Calcasieu Project***

---

| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| LNG volumes sold (TBtu)<sup>(1)</sup> | 141.3 | 125.2 |
| Weighted average price of LNG volumes sold (per MMBtu)<sup>(2)</sup> | $7.62 | $13.03 |

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<sup>(1)</sup> &nbsp;&nbsp;&nbsp;&nbsp;Inclusive of 7.6 TBtu and 14.8 TBtu sold to VG Commodities and eliminated in consolidation during the three months ended March 31, 2026 and 2025, respectively.

<sup>(2)</sup> &nbsp;&nbsp;&nbsp;&nbsp;Inclusive of $4.91 and $11.47 weighted average price of LNG sold to VG Commodities and eliminated in consolidation during the three months ended March 31, 2026 and 2025, respectively.

For the three months ended March 31, 2026, the Calcasieu Project had income from operations of $182 million, a $720 million, or 80%, decrease from $902 million for the three months ended March 31, 2025.

This decrease was primarily due to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a decrease in revenue of $553 million due to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ lower LNG sales prices of $764 million under our post-COD SPAs in 2026 as compared to our LNG Commissioning Sales Agreements in 2025, partially offset by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ an increase in LNG sales volumes of $210 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an increase in cost of sales of $243 million due to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ higher costs of feed gas of $210 million, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ higher LNG sales volumes of $64 million, partially offset by

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ a favorable change in fair value of natural gas supply contracts of $30 million;

These decreases were partially offset by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a decrease in operating and maintenance expense of $56 million due to lower commissioning and remediation work and a decrease in legal fees; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a decrease in depreciation and amortization expense of $20 million primarily due to an extension of the estimated useful lives of certain LNG facility assets in the third quarter of 2025 to align with the extended remaining terms of certain land leases to which the LNG facility assets are affixed.

***Plaquemines Project***

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| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| LNG volumes sold (TBtu)<sup>(1)</sup> | 346.6 | 107.7 |
| Weighted average price of LNG volumes sold (per MMBtu)<sup>(2)</sup> | $9.74 | $11.52 |

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<sup>(1)</sup> &nbsp;&nbsp;&nbsp;&nbsp;Inclusive of 78.7 TBtu and 25.5 TBtu sold to VG Commodities and eliminated in consolidation during the three months ended March 31, 2026 and 2025, respectively.

<sup>(2)</sup> &nbsp;&nbsp;&nbsp;&nbsp;Inclusive of $8.37 and $10.40 weighted average price of LNG sold to VG Commodities and eliminated in consolidation during the three months ended March 31, 2026 and 2025, respectively.

For the three months ended March 31, 2026, the Plaquemines Project had income from operations of $1.0 billion, a $626 million, or 151%, increase from $415 million for the three months ended March 31, 2025.

This increase was primarily due to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an increase in revenue of $2.2 billion due to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ higher LNG sales volumes of $2.8 billion due to the continued ramp up of LNG production, partially offset by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ lower LNG sales prices of $619 million under our LNG Commissioning Sales Agreements.

This increase was partially offset by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an increase in cost of sales of $1.5 billion primarily due to

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ higher LNG sales volumes of $1.1 billion due to the continued ramp up of LNG production, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ higher cost of feed gas of $466 million, partially offset by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ a favorable change in fair value of natural gas supply contracts of $53 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an increase in depreciation and amortization expense of $105 million due to placing a portion of the Plaquemines Project assets in service from an accounting perspective throughout 2025 and 2026, partially offset by decreased depreciation and amortization expense of $68 million due to an extension of the estimated useful lives of certain LNG facility assets in the third quarter of 2025 to align with the extended remaining terms of certain land leases to which the LNG facility assets are affixed; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an increase in operating and maintenance expense of $31 million primarily due to maintenance and operational insurance costs in support of the ramp up of LNG production.

***CP2 Project***

For the three months ended March 31, 2026, the CP2 Project had a loss from operations of $50 million, a $113 million, or 69%, decrease from $163 million for the three months ended March 31, 2025. This decrease was primarily driven by lower engineering and development costs of $137 million due to costs being expensed prior to the CP2 Project being declared probable during 2025, and the majority of the costs to develop the facility subsequently being capitalized. This was partially offset by higher operating and maintenance expense of $21 million due to an increase in personnel costs primarily associated with higher headcount.

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***Sales and shipping***

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| | | |
|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** |
| | **2026** | **2025** |
| LNG volumes sold (TBtu)<sup>(1)</sup> | 79.2 | 35.7 |
| Weighted average price of LNG volumes sold (per MMBtu) | $10.33 | $13.47 |

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<sup>(1)</sup> &nbsp;&nbsp;&nbsp;&nbsp;Purchased from our Calcasieu and Plaquemines LNG facilities and sold to third parties.

For the three months ended March 31, 2026, our sales and shipping business had income from operations of $99 million, a $67 million, or 209%, increase from $32 million for the three months ended March 31, 2025.

This increase was primarily due to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• higher revenue of $337 million generated from the sale of LNG produced by our Calcasieu and Plaquemines LNG facilities and sold through VG Commodities, primarily from an increase in LNG sales volumes of $585 million, partially offset by lower sales prices of $249 million.

This increase was partially offset by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• higher cost of sales of $236 million incurred from the purchase of LNG produced by our Calcasieu and Plaquemines LNG facilities and sold by VG Commodities, primarily due to an increase in LNG sales volumes of $597 million, partially offset by lower costs of LNG of $361 million; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an increase in operating and maintenance expense of $23 million primarily due to a higher number of LNG tankers in operation and an increase in regasification costs.

***Corporate, other and eliminations***

For the three months ended March 31, 2026, corporate, other and eliminations had a loss from operations of $121 million, a $15 million, or 14%, increase from $106 million for the three months ended March 31, 2025. This increase was primarily due to higher inter-segment eliminations of $24 million for intercompany purchases and sales of LNG between VG Commodities and our LNG facilities, partially offset by a decrease in general and administrative expense of $10 million primarily due to decreased personnel costs partially offset by higher legal and management fees.

**Liquidity and Capital Resources**

***General***

We have been generating proceeds from the sale of LNG since the first quarter of 2022. We may incur significant costs as we continue to develop our existing and other potential natural gas liquefaction and export projects, pipeline infrastructure projects, and other complementary gas transportation projects and activities.

***Sources and Uses of Cash***

Since our inception, we have funded our operations and capital expenditures with various forms of financing, including the issuance of equity securities, project equity financings, and borrowings at VGLNG and our project entities, as well as with cash from our operations.

We expect to meet our short-term cash requirements using operating cash flows and available liquidity, consisting of cash and cash equivalents, restricted cash, and available borrowing capacity under our existing credit facilities. Additionally, we expect to meet our long-term cash requirements using operating cash flows and other future potential sources of liquidity, which may include debt and equity offerings by us or our subsidiaries.

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The following table provides a summary of our cash and available borrowing capacity under existing credit facilities as of March 31, 2026:

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| | |
|:---|:---|
| | **March 31, 2026** |
| Cash and cash equivalents | $1599 |
| Restricted cash | 1452 |
| Available borrowing capacity under our credit facilities<sup>(1)</sup>: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;CP2 Construction Term Loan | 14545 |
| &nbsp;&nbsp;&nbsp;&nbsp;CP2 Working Capital Facility | 1417 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plaquemines Working Capital Facility | 591 |
| &nbsp;&nbsp;&nbsp;&nbsp;Calcasieu Pass Working Capital Facility | 302 |
| &nbsp;&nbsp;&nbsp;&nbsp;Blackfin TLA Facility | 346 |
| &nbsp;&nbsp;&nbsp;&nbsp;Blackfin Working Capital Facility | 75 |
| &nbsp;&nbsp;&nbsp;&nbsp;VGLNG Revolving Credit Facility | 2000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total available borrowing capacity under our credit facilities | 19276 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total cash and available borrowing capacity | $22327 |

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<sup>(1)</sup> Available borrowing capacity represents total borrowing capacity less outstanding borrowings and letters of credit under each of our credit facilities as of March 31, 2026.

The Company has entered into certain credit arrangements to secure the transportation and supply of natural gas, regasification capacity, and certain equity guarantees for the CP2 Credit Facilities. As of March 31, 2026, the maximum undiscounted potential exposure associated with these arrangements was $825 million. This amount is not currently recognized as a liability on our condensed consolidated balance sheet. To date, no amounts have been drawn against these arrangements.

***Material Financings***

*Project Debt Financing*

**CP2 Project.** In March 2026, Phase 2 of the CP2 Project achieved FID. The Company obtained $8.6 billion in additional project financing to fund the development and construction of Phase 2 of the CP2 Project by amending and restating its CP2 Credit Facilities to upsize (i) the $11.3 billion CP2 Construction Term Loan by $7.9 billion and (ii) the $850 million CP2 Working Capital Facility by $750 million. Borrowings under the CP2 Credit Facilities bear interest at a set margin rate over the debt term, plus, at the Company's election, either a SOFR or base rate. The set margin rate for the SOFR-based loans ranges from 2.250% to 2.750% and the set margin rate for the base rate loans ranges from 1.250% to 1.750%. The Company also incurs commitment fees from 0.788% to 0.963% of the undrawn available commitments of the CP2 Working Capital Facility. Interest on SOFR-based loans is due and payable at the end of each interest period (but at least every three months) and interest on base rate loans is due and payable at the end of each calendar quarter. This resulted in an aggregate amount of $20.7 billion available under the CP2 Credit facilities to fund a portion of the project costs for Phases 1 and 2 of the CP2 Project and select activities for CP2 Expansion.

**Calcasieu Funding.** In April 2026, Calcasieu Funding (as borrower) entered into a senior secured term loan B facility ("Calcasieu Funding TLB Facility") due 2033 with an aggregate principal amount of $1.75 billion which was drawn in full on closing. Borrowings under the Calcasieu Funding TLB Facility bear interest at a set margin rate over the debt term, plus, at the Company's election, either a SOFR or base rate. The set margin rate for the SOFR-based loans is 3.250% and the set margin rate for the base rate loans is 2.250%. Interest on SOFR-based loans is due and payable at the end of each interest period (but at least every three months) and interest on base rate loans is due and payable at the end of each calendar quarter. Proceeds from the Calcasieu Funding TLB Facility were used to redeem, in full, the CP Funding Redeemable Preferred Units, and pay costs incurred in connection with the offering, thereby removing the requirement to settle accrued distributions on the CP Funding Preferred Units prior to distributing available cash to VGLNG or its affiliates.

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**Calcasieu Pass.** In April 2026, VGCP issued $750 million aggregate principal amount of senior secured notes due 2036. The VGCP 2036 Notes bear interest at a rate of 6.000% per annum with interest payable semi-annually in arrears on November 1 and May 1 of each year. The VGCP 2036 notes will mature on May 1, 2036. The proceeds from the issuance of the VGCP 2036 Notes, hedge termination proceeds and cash on hand were used to prepay, in full, the $757 million outstanding under the Calcasieu Pass Construction Term Loan.

See *Note 8 – Debt* in <u>[Item 1](#i1913c702fafc4870bed2af8282b10336_205)</u>*<u>[.—Financial Statements](#i1913c702fafc4870bed2af8282b10336_205)</u>* of this Form 10-Q for additional discussion of material financing activity.

**Cash Flows**

***Three months ended March 31, 2026 compared to three months ended March 31, 2025***

The following table shows a summary of our condensed consolidated cash flows for the periods indicated:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** | **Change** | **Change** |
| | **2026** | **2025** | **($)** | **(%)** |
| Net cash from operating activities | $763 | $1114 | $(351) | (32)% |
| Net cash used by investing activities | (2998) | (3470) | 472 | (14)% |
| Net cash from financing activities | 1861 | 1776 | 85 | 5% |

---

*Operating activities*

Net cash from operating activities for the three months ended March 31, 2026 was $763 million, a $351 million, or 32%, decrease from $1.1 billion for the three months ended March 31, 2025.

*Change in cash from operating activities (in billions)*

![image (11).jpg](vg-20260331_g2.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*•* The increase in cash received from LNG sales was due to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ $2.1 billion of higher cash receipts at Plaquemines from third parties due to increased LNG sales volumes partially offset by lower LNG sales prices, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ $331 million of higher cash receipts at sales and shipping from third parties due to increased LNG sales volumes partially offset by lower LNG sales prices.

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These increases were partially offset by $304 million of lower cash receipts at Calcasieu from third parties due to lower LNG sales prices partially offset by higher LNG sales volumes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The increase in cash paid for feed gas was due to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ $1.9 billion of higher payments at Plaquemines from increased LNG sales volumes and higher cost of feed gas, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ $405 million at Calcasieu from higher costs for feed gas and increased LNG sales volumes.

*Investing activities*

Net cash used by investing activities for the three months ended March 31, 2026 was $3.0 billion, a $0.5 billion, or 14%, decrease from $3.5 billion for the three months ended March 31, 2025. The decrease in net cash outflows was primarily due to:

*Change in cash used by investing activities (in billions)*

![image (10).jpg](vg-20260331_g3.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The decrease of $285 million of cash paid for capital expenditures comprised of the following:

---

| | | | |
|:---|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** | **Change** |
| | **2026** | **2025** | **($)** |
| Plaquemines Project | $(321) | $(2231) | $1910 |
| CP2 Project | (2404) | (685) | (1719) |
| Pipeline projects | (122) | (231) | 109 |
| LNG tankers | (179) | (74) | (105) |
| VGLNG capitalized interest | (140) | (180) | 40 |
| Other | (15) | (65) | 50 |
| Total | $(3181) | $(3466) | $285 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The increase of $187 million of other investing activities was primarily comprised of cash inflows of $169 million from the return of investments in interest bearing deposits during the three months ended March 31, 2026 with no similar activity during the three months ended March 31, 2025.

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*Financing activities*

Net cash from financing activities for the three months ended March 31, 2026 was $1.9 billion, a $0.1 billion, or 5%, increase from $1.8 billion for the three months ended March 31, 2025. The increase in net cash inflows was primarily due to:

*Change in cash from financing activities (in billions)*

![image (7).jpg](vg-20260331_g4.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The changes in the issuance and repayment of debt are primarily comprised of the following:

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| | | | |
|:---|:---|:---|:---|
| | **Three months ended March 31,** | **Three months ended March 31,** | **Change** |
| | **2026** | **2025** | **($)** |
| **Issuance of debt and draws on Credit Facilities** |  |  |  |
| &nbsp;&nbsp;CP2 Project | $2695 | $— | $2695 |
| &nbsp;&nbsp;&nbsp;Plaquemines Project |  | 383 | (383) |
| &nbsp;&nbsp;Pipeline projects | 25 |  | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total issuance of debt and draws on credit facilities | $2720 | $383 | $2337 |
| **Repayment of debt** |  |  |  |
| &nbsp;&nbsp;CP2 Project | $(336) | $— | $(336) |
| &nbsp;&nbsp;Calcasieu Project | (49) | (46) | (3) |
| &nbsp;&nbsp;Pipeline projects | (3) |  | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total repayment of debt | $(388) | $(46) | $(342) |
| **Total change in issuance and repayments of debt, net** | $2332 | $337 | $1995 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The change in the proceeds from the issuance of Class A Common Stock of $1.8 billion is due to our IPO during the three months ended March 31, 2025, with no similar activity during the same period in 2026.

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**VGLNG Information**

There are no material differences between the financial information presented in this Form 10-Q and VGLNG's financial information other than (i) certain presentational differences related to the accounting for the VGLNG Series A Preferred Shares, and (ii) stockholders' equity of Venture Global, including the Class A and Class B common stock and any dividends payable thereon.

**Key Trends and Uncertainties** 

Management expects several factors to influence our operations, financial condition and cash flows in 2026 and beyond. While proceeds generated from the sale of LNG produced by our Calcasieu and Plaquemines projects may offset certain near-term uncertainties, events that arise or evolve differently from current assumptions could materially affect our results. We continue to monitor these developments and respond as conditions warrant. For additional discussion, see Item 1.—*Business* and Item 1A.—*Risk Factors* on our 2025 Form 10-K.

***Geopolitical***

Evolving global political and energy-policy conditions continue to shape LNG demand and pricing. In February 2026, the war in Iran and closure of the Strait of Hormuz caused disruption in international oil and natural gas supply chains. This supply chain disruption resulted in increased demand and higher prices for oil and natural gas sourced from regions outside the Middle East, including LNG sold by the Company under our LNG Commissioning Agreements and our excess LNG sales. The duration of the conflict and its impact on future oil and natural gas supply and pricing, both in the short- and long-term, is unknown. If the conflict persists or escalates, prolonged volatility in energy markets could affect global LNG demand patterns and prices, including potential changes in customer procurement strategies and fuel switching behavior.

Broader geopolitical developments, including fluctuations in sanctions policy and potential shifts in regional oil and gas production, may influence global energy supply balances, energy pricing, and investment flows across the international oil and gas industry. This includes uncertainty from conflicts in major energy-producing regions like the Middle East, selective sourcing decisions in Asia, and international trade realignments that could affect contract timing, sales volumes and average realized prices. Conversely, a prolonged period of elevated LNG prices or supply disruptions could accelerate fuel switching by certain customers to alternative energy sources, reduce LNG demand in some markets, or defer new LNG contracting activity. We continue to monitor these developments and assess potential implications on our financial condition, results of operations and/or cash flows.

***Macroeconomic***

Global economic volatility may heighten risks related to market balance and margins, tariffs, labor availability, capital market access, and exchange rate and interest rate fluctuations.

*Market Balance and Margins —* The LNG industry is experiencing a divergence between the sales price of LNG indexed to international natural gas benchmarks, such as the TTF, and the total delivered cost of LNG, inclusive of the cost of feed gas indexed to Henry Hub natural gas prices, gas transportation costs (including costs to supply feed gas to less liquid delivery locations, or basis differentials), and marine freight costs. If this divergence between the sales price of LNG and the total delivered costs of that LNG narrows, or expands, it could compress, or increase, our operating margins accordingly. This divergence is most evident subsequent to the start of the war in Iran, when international natural gas benchmarks increased significantly while the cost of feed gas indexed to Henry Hub decreased. If these market conditions change, or if expected future oil and natural gas demand decreases, our margins on short- and mid-term sales could be reduced. Future changes in price due to supply and demand constraints, together with potential increased costs of feed gas and marine freight costs, could adversely affect our future cash flows and project returns. Our long-term contract portfolio and low-cost production model are expected to mitigate some of these impacts, but they could still have a material impact on our financial condition, results of operations and/or cash flows.

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<u>[Table of contents](#i1913c702fafc4870bed2af8282b10336_7)</u>

*Tariffs and trade policy* — The global trade environment remains fluid. United States and foreign tariff actions, including potential retaliatory measures, may lead to higher equipment and material costs for our construction projects and affect LNG demand or pricing in affected markets. We rely on significant equipment imported from the European Union, or EU, and any deterioration in trade relations or new duties could increase project costs and reduce competitiveness.

The potential cost impact is currently primarily expected to be concentrated in our CP2 Project, given the timing and scope of procurement activities for that project. The estimated impact of tariffs effective as of March 31, 2026, has been incorporated into our current budget for the CP2 Project. The cumulative impact of these tariffs is currently estimated to increase our total expected capital costs for the CP2 Project by approximately $600 million. Actual impacts may differ based on changes in tariff regimes, supplier negotiations, procurement strategies and timing of deliveries. Future projects and expansions may also be subject to higher costs depending on the timing and scope of procurement activities. This assessment does not reflect the impact of the U.S. Supreme Court ruling in February 2026 against the validity of the tariffs imposed by the federal government, nor the federal government's decision to impose incremental baseline tariffs. The outcomes of these decisions are uncertain and could have a material impact on applicable tariff rates and global trade. Following the U.S. Supreme Court's ruling, U.S. Customs and Border Protection launched in April 2026 a portal to facilitate the submission of tariff refund claims and we are working with certain suppliers and contractors to evaluate potential reimbursement or other commercial adjustments related to tariffs previously paid; however, the outcome and timing of any such efforts remain uncertain. Global economic uncertainty and any related reduction in economic activity or capital investment as a result of tariffs and any retaliatory actions from other countries could have a material impact on our financial condition, results of operations and/or cash flows through reduced demand and competitiveness for both our long-term and short-term contract sales in countries that may be affected by those policies. The Company continues to monitor this situation and evaluate mitigation strategies as trade and tariff policies evolve.

*Labor market —* Competition for skilled labor along the Gulf Coast remains intense. Persistent shortages in highly skilled construction labor—driven by concurrent LNG construction and major infrastructure and data center development—may amplify wage pressure, recruitment and retention difficulty. Sustained tightness in the labor pool could raise project costs or extend construction timelines. This could materially increase our estimated project costs, which include significant labor costs, and could have a material impact on our financial condition, results of operations and/or cash flows.

*Capital markets and interest rates* — Capital markets have experienced recent volatility and liquidity constraints due to uncertainty around the global economic impact of tariffs, inflation and monetary policy. Although the annual rate of inflation has moderated, future changes in interest rate policy could reignite inflationary pressures or increase the overall cost of capital. Such volatility may adversely impact access to the market for corporate or project lending or lead to higher borrowing costs. We aim to mitigate our exposure to interest rate volatility through interest rate swaps, but we will not be able to mitigate all interest rate risk. Additionally, we may sometimes prioritize access to capital or capital recycling over interest rates when determining when to access capital markets.

***Regulatory***

Recent U.S. policy actions have generally supported continued LNG development, including the DOE's resumption of Non-FTA Nation export authorizations and final approvals for our CP2 Project. While these trends are favorable, they remain subject to change. These actions have resulted in increased opportunities to continue development of our projects, including our expansion projects. While we cannot predict whether these trends will continue or whether our applications, approvals or permits will attract significant opposition in the permitting processes, we intend to continue to progress our projects through the various permitting and regulatory channels over their expected timelines. Any future significant changes in this trend could have a material impact on our financial condition, results of operations and/or cash flows.

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***Post-COD SPAs***

The Calcasieu Project is involved in disputes and arbitration proceedings with certain of its post-COD SPA customers. Such customers are asserting, among other claims, that the Calcasieu Project was delayed in achieving COD under its post-COD SPAs. Following the positive resolution of three arbitration proceedings, the Calcasieu Project remains involved in arbitration proceedings with four of its post-COD SPA customers, including Edison S.p.A. ("Edison").

We were notified in October 2025 that a partial final award had been issued in the arbitration proceedings with BP Gas Marketing Limited ("BP"). The award issued by the arbitration tribunal found that the VGCP had breached its obligations to declare COD of the Calcasieu Project in a timely manner and act as a "Reasonable and Prudent Operator" pursuant to the BP post-COD SPA, along with certain other obligations. Remedies were not addressed in the partial final award and will be determined in a separate damages hearing which is scheduled to occur in May 2027. A final award is expected to be issued following the damages portion of the hearing. Based on the terms of the award, the Company does not anticipate that the final award will be subject to the seller aggregate liability limitation in the BP post-COD SPA. The remedies sought by BP include damages ranging from $3.7 billion to potentially in excess of $6.0 billion, as well as interest, costs and attorneys' fees. We believe BP's theory and calculations of damages are without merit and that the magnitude of damages sought by BP is not recoverable under the express terms of the post-COD SPA, which include express limits on the tribunal's jurisdictional authority, although there can be no assurance as to the outcome of the damages portion of the hearing.

On March 26, 2026, the Company entered into a settlement agreement with Edison to resolve the outstanding arbitration proceedings. Pursuant to the settlement agreement, the Company agreed to deliver certain future cargos to Edison in Europe, after which the arbitration will be terminated. Completion of the settlement is expected by the end of the second quarter of 2026.

The remedies sought by the other two Calcasieu Project post-COD customers in arbitration proceedings include damages in excess of $2.4 billion, in the aggregate, rather than the termination of the post-COD SPA. We believe these two disputes are subject to the relevant seller aggregate liability limitation under the applicable post-COD SPA, which amount to $425 million in the aggregate. However, these customers are also disputing whether the liability limitations in such post-COD SPAs are applicable, and therefore are claiming damages in excess of the liability limitations.

If these disputes are not resolved favorably, adverse outcomes could require substantial payments that exceed our liability accruals or the relevant limits under the post-COD SPAs. Such payments could negatively affect project-level cash flows, restrict distributions to the Company or cause acceleration of related debt under project-financing agreements. The Company's best estimate of potential financial impacts of these disputes are currently reflected in our financial statements and disclosures.

For further discussion, see Item 1A.—*Risk Factors*—*Risks Relating to Regulation and Litigation*—*If we are unsuccessful in any current or potential future legal proceedings with customers, the amounts that we are required to pay may be substantial or certain of our post-COD SPAs may be terminated, which may lead to an acceleration of all our debt for the relevant project and adversely impact the trading price of our Class A common stock* on our 2025 Form 10-K, and Part II <u>[Item 1.—](#i1913c702fafc4870bed2af8282b10336_139)</u>*<u>[Legal Proceedings](#i1913c702fafc4870bed2af8282b10336_139)</u>* of this Form 10-Q.

**Critical Accounting Estimates**

***Use of Estimates***

The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. We evaluate our assumptions on an ongoing basis. While we believe the estimates used in the preparation of the condensed consolidated financial statements are appropriate, actual results could differ from these estimates.

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***Recent Accounting Pronouncements***

For a summary of recent accounting pronouncements, see *Note 19 – Recent Accounting Pronouncements* in <u>[Item 1](#i1913c702fafc4870bed2af8282b10336_205)</u>*<u>[.—Financial Statements](#i1913c702fafc4870bed2af8282b10336_205)</u>* of this Form 10-Q.

**ITEM 3.&nbsp;&nbsp;&nbsp;&nbsp;QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**

There have been no material changes to the market risks disclosed in our 2025 Form 10-K.

**ITEM 4.&nbsp;&nbsp;&nbsp;&nbsp;CONTROLS AND PROCEDURES**

**Evaluation of Disclosure Controls and Procedures**

Our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) are designed to ensure that information required to be disclosed by us in reports we file or submit under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the appropriate time periods, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely discussions regarding required disclosure.

We, under the supervision of and with participation of our management, including our Chief Executive Officer and Chief Financial Officer, have evaluated the effectiveness of our disclosure controls and procedures. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of March 31, 2026.

**Changes in Internal Controls over Financial Reporting**

There were no changes in our internal controls over financial reporting that occurred during the quarter ended March 31, 2026 that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

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**PART II**

**ITEM 1.&nbsp;&nbsp;&nbsp;&nbsp;LEGAL PROCEEDINGS**

We are involved, and in the future may become involved, in various claims, lawsuits, administrative, regulatory and other proceedings incidental to the ordinary course of our business from time to time. We regularly analyze current information and, as necessary, provide accruals for probable liabilities on the eventual disposition of these matters. Other than as discussed below, there have been no material changes to the legal proceedings disclosure in our 2025 Form 10-K.

***Arbitration Proceedings***

On October 8, 2025, the ICC informed VGCP that a partial final award had been issued in the previously disclosed arbitration proceedings with BP regarding LNG sales from the Calcasieu Project under the post-COD SPA entered into by VGCP and BP. The award issued by the arbitration tribunal found that VGCP had breached its obligations to declare COD of the Calcasieu Project in a timely manner and act as a "Reasonable and Prudent Operator" pursuant to the post-COD SPA, along with certain other obligations. Remedies were not addressed in the partial final award and will be determined in a separate damages hearing, which has been scheduled to occur in May 2027. A final award is expected to be issued following the damages portion of the hearing. Based on the terms of the award, the Company does not anticipate that the final award will be subject to the seller aggregate liability limitation in the BP post-COD SPA. The remedies sought by BP include damages ranging from $3.7 billion to potentially in excess of $6.0 billion, as well as interest, costs and attorneys' fees. We believe BP's theory and calculations of damages are without merit and that the magnitude of damages sought by BP is not recoverable under the express terms of the post-COD SPA, which include express limits on the tribunal's jurisdictional authority, although there can be no assurance as to the outcome of the damages portion of the hearing.

In May 2023, Shell NA LNG LLC ("Shell") submitted a request for arbitration to the ICC, in accordance with the dispute resolution procedures of its post-COD SPA, asserting, among other claims, that the Calcasieu Project was delayed in achieving COD under the relevant post-COD SPA. On August 12, 2025, the ICC issued a partial final award in the Shell arbitration proceeding. Pursuant to the award, it was determined that VGCP had not breached its obligations under the post-COD SPA relating to the Calcasieu Project with Shell and, consequently, the tribunal determined that VGCP had no liability to Shell for its claims under the arbitration proceedings. On November 10, 2025, Shell filed a petition with the New York Supreme Court, Commercial Division, seeking to vacate the arbitral award. On March 2, 2026, the New York Supreme Court issued an order denying Shell's petition.

In May 2023, Edison submitted a request for arbitration to the London Court of International Arbitration, in accordance with the dispute resolution procedures of its post-COD SPA, asserting, among other claims, that the Calcasieu Project is delayed in achieving COD under the post-COD SPA. On March 26, 2026, the Company entered into a settlement agreement with Edison to resolve the outstanding arbitration proceedings. Pursuant to the settlement agreement, the Company agreed to deliver certain cargos to Edison in Europe, after which the arbitration will be terminated. Completion of the settlement is expected by the end of the second quarter of 2026.

The remedies sought by the other two Calcasieu Project post-COD customers in arbitration proceedings include damages in excess of $2.4 billion, in the aggregate, rather than the termination of the post-COD SPA. We believe these two disputes are subject to the relevant seller aggregate liability limitation under the applicable post-COD SPA, which amount to $425 million in the aggregate. However, these customers are also disputing whether the liability limitations in such post-COD SPAs are applicable, and therefore are claiming damages in excess of the liability limitations.

We disagree with the assertions and legal claims, and are defending each of the outstanding arbitrations. If the Calcasieu Project is unsuccessful in defending against these claims, the amounts it could be required to pay could be substantial, which could have a material adverse effect on our business, contracts, financial condition, operating results, cash flow, liquidity and prospects, as well as the trading price of our Class A common stock.

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For further discussion, see Item 1A.—*Risk Factors—Risks Relating to Regulation and Litigation*—*If we are unsuccessful in any current or potential future legal proceedings with customers, the amounts that we are required to pay may be substantial or certain of our post-COD SPAs may be terminated, which may lead to an acceleration of all our debt for the relevant project and adversely impact the trading price of our Class A common stock.* and Item 3.—*Legal Proceedings* on our Annual Report on Form 10-K for the year ended December 31, 2025.

**ITEM 1A. &nbsp;&nbsp;&nbsp;&nbsp;RISK FACTORS**

There have been no material changes with respect to the risk factors disclosed in our 2025 Form 10-K.

**ITEM 2.&nbsp;&nbsp;&nbsp;&nbsp;UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS**

**Purchase of Equity Securities by the Issuer and Affiliated Purchasers**

None.

**ITEM 3. &nbsp;&nbsp;&nbsp;&nbsp;DEFAULTS UPON SENIOR SECURITIES**

Not applicable.

**ITEM 4.&nbsp;&nbsp;&nbsp;&nbsp;MINE SAFETY DISCLOSURES**

Not applicable.

**ITEM 5. &nbsp;&nbsp;&nbsp;&nbsp;OTHER INFORMATION**

**Director and Officer Trading Plans**

During the three months ended March 31, 2026, none of our directors or officers adopted or terminated a Rule 10b5-1 trading plan or adopted, modified or terminated a non-Rule 10b5-1 trading arrangement (as defined in Item 408 of Regulation S-K).

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**ITEM 6. &nbsp;&nbsp;&nbsp;&nbsp;EXHIBITS**

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| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 3.1† | [Second Amended and Restated Certificate of Incorporation (incorporated by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8-K filed on January 27, 2025)](https://www.sec.gov/Archives/edgar/data/2007855/000119312525004922/d146310dex31.htm) |
| 3.2† | [Amended and Restated By-Laws (incorporated by reference to Exhibit 3.2 to the Registrant's Annual Report on Form 10-K filed on March 6, 2025)](https://www.sec.gov/Archives/edgar/data/2007855/000200785525000010/vg-ex32xamendedrestatedbyl.htm) |
| 4.1† | [Form of Class A Common Stock Certificate (incorporated by reference to Exhibit 4.1 to the Registrant's Registration Statement on Form S-1 filed on December 20, 2024)](https://www.sec.gov/Archives/edgar/data/2007855/000119312524282957/d146310dex41.htm) |
| 10.1§ | [Engineering, Procurement and Construction Agreement, dated as of January 30, 2026, by and between Venture Global CP2 LNG, LLC and Worley Field Services Inc.](exhibit101-q12026.htm) |
| 10.2§ | [Guaranty, dated as of January 30, 2026, by Worley Limited, for the benefit of Venture Global CP2 LNG, LLC, pursuant to the Engineering, Procurement and Construction Agreement, dated as of January 30, 2026, by and between Venture Global CP2 LNG, LLC and Worley Field Services, Inc.](exhibit102-q12026.htm) |
| 10.3§ | [Change Order No. 3, dated as of February 8, 2026, to the Amended and Restated Engineering, Procurement and Construction Agreement, dated as of April 7, 2025, by and between Venture Global Plaquemines LNG, LLC and KZJV LLC](exhibit103-q12026.htm) |
| 10.4§ | [Amendment No. 1, dated as of February 27, 2026, to the Purchase Order Contract for the Sale of Liquefaction Train System, dated as of December 13, 2024, by and between Venture Global CP2 LNG, LLC and Baker Hughes Energy Services LLC](exhibit104-q12026.htm) |
| 10.5§ | [Fifth Amended and Restated Letter of Agreement, dated as of March 5, 2026, by and between Venture Global LNG, Inc. and Baker Hughes Energy Services LLC](exhibit105-q12026.htm) |
| 10.6§ | [Amended and Restated Common Terms Agreement for the Loans, dated as of March 13, 2026, by and between Venture Global CP2 LNG, LLC, as Borrower, Venture Global CP Express, LLC and CP2 Procurement, LLC, as Guarantors, MUFG Bank, Ltd., as Credit Facility Agent and Intercreditor Agent, and each other facility agent that may become party thereto from time to time](exhibit106-q12026.htm) |
| 10.7§ | [Amendment No. 1, dated as of March 13, 2026, to the Credit Facility Agreement and Waiver to Common Terms Agreement, dated as of July 28, 2025, by and between Venture Global CP2 LNG, LLC, as Borrower, Venture Global CP Express, LLC and CP2 Procurement, LLC, as Guarantors, the lenders party thereto from time to time, the issuing banks party thereto from time to time, MUFG Bank, Ltd., as Credit Facility Agent, and Sumitomo Mitsui Banking Corporation, as Collateral Agent](exhibit107-q12026.htm) |
| 10.8§ | [Change Order No. 1, dated as of March 16, 2026, under the Purchase Order Contract for the Sale of Liquefaction Train System, dated as of December 13, 2024, by and between Venture Global CP2 LNG, LLC and Baker Hughes Energy Services LLC](exhibit108-q12026.htm) |
| 10.9§ | [Change Order No. 4, dated as of March 24, 2026, under the Purchase Order Contract for the Sale of Liquefaction Train System, dated as of April 7, 2023, by and between Venture Global CP2 LNG, LLC and Baker Hughes Energy Services LLC](exhibit109-q12026.htm) |
| 31.1 | [Certification of Principal Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](exhibit311-q12026.htm) |
| 31.2 | [Certification of Principal Financial Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](exhibit312-q12026.htm) |
| 32.1 | [Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002](exhibit321-q12026.htm) |
| 32.2 | [Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002](exhibit322-q12026.htm) |
| 101.INS | Inline XBRL Instance Document |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

† Incorporated by reference. <br> § Portions of this exhibit have been omitted in compliance with Regulation S-K, Item 601(a)(6) and/or Item 601(b)(10)(iv).

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: May 11, 2026

---

| | |
|:---|:---|
| **VENTURE GLOBAL, INC.** | **VENTURE GLOBAL, INC.** |
| By: | /s/ Jonathan Thayer |
|  | Name: Jonathan Thayer |
|  | Title: Chief Financial Officer (on behalf of the registrant and as principal financial officer) |

---

---

| | |
|:---|:---|
| By: | /s/ Sarah Blake |
|  | Name: Sarah Blake |
|  | Title: Chief Accounting Officer (on behalf of the registrant and as principal accounting officer) |

---

## Exhibit 10.1

***EXECUTION VERSION***

**Exhibit 10.1**

**Certain identified information has been omitted from this document because (i) it is not material and is the type that the Company customarily and actually treats as private or confidential, and/or (ii) if disclosure would constitute a clearly unwarranted invasion of personal privacy and has been marked with "[\*\*\*]" to indicate where omissions have been made.**

**ENGINEERING, PROCUREMENT AND CONSTRUCTION AGREEMENT**

between

**VENTURE GLOBAL CP2 LNG, LLC**

as Owner

and

**WORLEY FIELD SERVICES INC.**

as Contractor

Dated as of January 30, 2026

**RELATING TO PHASE 2 OF THE LNG EXPORT AND LIQUEFACTION FACILITY<br>TO BE LOCATED ON THE CALCASIEU SHIP CHANNEL** 

**IN CAMERON PARISH, LOUISIANA**

&nbsp;&nbsp;&nbsp;&nbsp;

------

**<u>**TABLE OF CONTENTS**</u>**

**<u>Page</u>**

**<u>[2.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[AGREEMENT; EXHIBITS; CONFLICTS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[21](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[2.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[LANGUAGE OF AGREEMENT.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[21](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[2.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[PRECEDENCE OF AGREEMENT.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[21](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[2.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[INTERPRETATION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[22](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[2.4](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[NEGOTIATION AND DOCUMENTATION OF THIS AGREEMENT.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[22](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[3.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[GENERAL PROVISIONS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[23](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[3.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[WORK TO BE PERFORMED.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[23](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[3.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[GENERAL OVERSIGHT AND ACCESS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[24](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[3.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[JOB SITE CONDITIONS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[24](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[3.4](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[OWNER NOT RESPONSIBLE FOR ACTS OF CONTRACTOR; CONTRACTOR NOT RESPONSIBLE FOR OWNER SCOPE OF WORK.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[25](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[3.5](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[EFFECT OF AND TIME FOR OWNER REVIEW OF DOCUMENTS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[25](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[3.6](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[CLAIMS UPON FAILURE OF MATERIAL.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[26](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[3.7](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[RESPONSIBILITIES OF OWNER.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[26](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[3.8](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[RESPONSIBILITIES OF CONTRACTOR.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[28](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[3.9](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[SPARE PARTS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[36](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[3.10](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[PROCUREMENT.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[37](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[4.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[COMMENCEMENT OF THE WORK.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[37](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[4.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[NOTICE TO PROCEED.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[37](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[4.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[LIMITED NOTICES TO PROCEED.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[38](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[5.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[PERSONNEL AND QUALIFICATIONS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[38](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[5.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[GENERAL.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[38](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[5.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[KEY PERSONNEL.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[39](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[6.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[PRICE AND PAYMENT.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[39](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[6.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[TARGET PRICE.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[39](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[6.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[\[RESERVED\].](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[40](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[6.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[PAYMENT.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[40](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[6.4](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[ENCUMBRANCES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[42](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[6.5](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[DEFICIENT REQUESTS FOR PAYMENT.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[43](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[6.6](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[OWNER PAYMENT OBLIGATIONS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[43](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[6.7](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[FINAL PAYMENT.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[44](#if7fe70d6f0014183886ded15346bcd10_10)

i

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[6.8](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[OWNER'S RIGHT TO WITHHOLD PAYMENT.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[44](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[6.9](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[RELEASE OF LIABILITY.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[45](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[7.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[SCHEDULE BONUSES](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[45](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[7.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[INTERIM MILESTONE BONUSES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[45](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[7.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[PRIMARY MILESTONE BONUSES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[46](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[7.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[SUPER PRIMARY MILESTONE BONUSES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[46](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[7.4](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[LIMITATIONS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[47](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[8.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[\[RESERVED\].](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[47](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[8.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[\[RESERVED\].](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[47](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[8.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[\[RESERVED\].](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[47](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[8.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[\[RESERVED\].](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[47](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[9.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[PERFORMANCE SECURITY.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[48](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[9.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[TYPES OF PERFORMANCE SECURITY.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[48](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[9.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[PERFORMANCE AND PAYMENT BONDS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[48](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[9.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[CONTRACTOR GUARANTEES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[49](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[10.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[QUALITY CONTROL AND INSPECTION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[49](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[10.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[QUALITY MANAGEMENT PLAN.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[49](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[10.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[DEFECTS AND DEFICIENCIES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[49](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[10.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[INSPECTION RIGHTS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[50](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[10.4](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[THIRD PARTY INSPECTION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[51](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[10.5](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[EFFECT OF WAIVER OF INSPECTION RIGHTS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[51](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[11.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[HEALTH, SAFETY, SECURITY AND ENVIRONMENT](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[51](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[11.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[COMPLIANCE.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[51](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[11.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[HSSE PROGRAM.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[52](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[11.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[SAFEGUARDS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[52](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[11.4](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[HSSE INCIDENTS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[52](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[12.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[CHANGES IN THE WORK.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[53](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[12.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[GENERAL.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[53](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[12.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[CHANGE ORDER PROCESS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[55](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[12.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[DISPUTED CHANGES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[56](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[12.4](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[CHANGES DUE TO UNKNOWN SUBSURFACE CONDITIONS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[56](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[12.5](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[INFORMATION REQUESTS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[57](#if7fe70d6f0014183886ded15346bcd10_10)

ii

&nbsp;&nbsp;&nbsp;&nbsp;

------

**<u>[13.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[PROJECT SCHEDULE AND MONTHLY PROGRESS REPORTS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[57](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[13.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[GENERAL.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[57](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[13.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[PROJECT SCHEDULE.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[57](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[13.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[MONTHLY PROGRESS REPORTS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[58](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[14.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[TRAINING.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[58](#if7fe70d6f0014183886ded15346bcd10_10)**

**<u>[15.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[TESTING.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[59](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[15.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[FACTORY TESTS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[59](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[15.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[DEMONSTRATION TESTING.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[59](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[15.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[PERFORMANCE TESTING.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[59](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[15.4](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[CORRECTION OF PERFORMANCE DEFECTS OR DEFICIENCIES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[61](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[16.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[TIME FOR PERFORMANCE AND SCHEDULE.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[62](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[16.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[TIME FOR COMPLETION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[62](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[16.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[FAILURE TO MITIGATE.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[62](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[16.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[ACCELERATION OF WORK.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[63](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[17.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[SUSPENSION OR REJECTION OF THE WORK.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[63](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[17.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[GENERAL.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[63](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[17.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[COMPENSATION TO CONTRACTOR FOR SUSPENSION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[64](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[17.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[REJECTION OF WORK.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[64](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[17.4](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[CORRECTION OF WORK OR MATERIAL.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[64](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[17.5](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[FAILURE TO CORRECT MATERIAL.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[65](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[17.6](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[OTHER MATERIAL OR WORK DAMAGED.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[65](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[18.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[LNG PRODUCTION SYSTEM COMPLETION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[65](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[18.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[LNG PRODUCTION SYSTEM MECHANICAL COMPLETION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[65](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[18.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[LNG PRODUCTION SYSTEM RFSU.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[66](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[18.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[LNG PRODUCTION SYSTEM SUBSTANTIAL COMPLETION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[67](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[19.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[FACILITY COMPLETION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[68](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[19.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[FACILITY MECHANICAL COMPLETION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[68](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[19.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[FACILITY SUBSTANTIAL COMPLETION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[68](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[19.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[READY FOR SHIP LOADING.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[70](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[19.4](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[FINAL COMPLETION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[70](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[19.5](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[PUNCH LIST ITEMS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[72](#if7fe70d6f0014183886ded15346bcd10_10)

iii

&nbsp;&nbsp;&nbsp;&nbsp;

------

**<u>[20.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[WARRANTY FOR DEFECTS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[72](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[20.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[IN GENERAL.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[72](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[20.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[SPECIFIC WARRANTIES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[72](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[20.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[NOTICE OF DEFECTS OR DEFICIENCIES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[74](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[20.4](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[EXTENSION OF WARRANTY PERIOD.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[74](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[20.5](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[FAILURE TO REMEDY DEFECTS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[74](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[20.6](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[REMOVAL AND OWNERSHIP OF DEFECTIVE WORK.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[74](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[20.7](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[FURTHER TESTS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[74](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[20.8](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[RIGHT OF ACCESS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[75](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[20.9](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[SUBCONTRACTOR WARRANTIES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[75](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[20.10](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[NO IMPLIED WARRANTIES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[75](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[20.11](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[REPAIRS AND TESTING BY OWNER.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[76](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[20.12](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[SURVIVAL OF WARRANTIES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[76](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[21.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[LIABILITY.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[76](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[21.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[TOTAL LIABILITY CAP.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[76](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[21.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[NO CONSEQUENTIAL DAMAGES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[77](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[22.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[PERFORMANCE TESTS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[77](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[22.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[PERFORMANCE TESTS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[77](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[23.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[SUBCONTRACTORS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[77](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[23.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[CONTRACTOR RESPONSIBLE FOR WORK.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[79](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[23.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[ASSIGNMENT.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[79](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[24.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[LABOR RELATIONS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[79](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[24.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[GENERAL MANAGEMENT OF EMPLOYEES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[79](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[24.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[WAGES AND CONDITIONS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[80](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[24.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[VIOLATIONS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[80](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[24.4](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[DISPUTES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[80](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[24.5](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[STATUTORY EMPLOYER.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[80](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[24.6](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[LOCAL LABOR.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[81](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[24.7](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[COMMUNITY IMPACTS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[81](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[25.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[TITLE AND RISK OF LOSS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[81](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[25.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[TRANSFER OF TITLE.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[81](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[25.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[RISK OF LOSS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[82](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[25.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[PROTECTION OF OWNER.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[82](#if7fe70d6f0014183886ded15346bcd10_10)

iv

&nbsp;&nbsp;&nbsp;&nbsp;

------

**<u>[26.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[INSURANCE.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[82](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[26.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[IN GENERAL.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[82](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[26.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[POLICIES TO BE OBTAINED BY CONTRACTOR.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[83](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[26.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[POLICIES TO BE OBTAINED BY OWNER.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[87](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[27.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[CONFIDENTIAL TREATMENT OF PROPRIETARY INFORMATION; RELIANCE ON INFORMATION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[90](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[27.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[CONFIDENTIAL TREATMENT.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[90](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[27.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[RELIANCE ON INFORMATION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[92](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[28.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[REPRESENTATIONS AND WARRANTIES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[92](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[28.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[OWNER REPRESENTATIONS AND WARRANTIES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[92](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[28.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[CONTRACTOR REPRESENTATIONS AND WARRANTIES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[92](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[29.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[INTELLECTUAL PROPERTY AND LICENSES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[94](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[29.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[OWNERSHIP.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[94](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[29.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[LICENSES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[94](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[29.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[DATA.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[95](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[30.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[INDEMNIFICATION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[95](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[30.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[CONTRACTOR INDEMNITY.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[95](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[30.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[OWNER INDEMNITY.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[97](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[30.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[ACTIONS BY EMPLOYEES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[97](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[30.4](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[NOTICE AND DEFENSE.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[98](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[30.5](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[REMEDIES NOT EXCLUSIVE.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[98](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[30.6](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[TAX EFFECT OF INDEMNIFICATION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[99](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[31.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[EVENTS OF DEFAULT; REMEDIES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[99](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[31.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[CONTRACTOR EVENTS OF DEFAULT.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[99](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[31.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[REMEDIES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[101](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[31.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[DAMAGES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[101](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[31.4](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[OWNER REMEDIES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[102](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[31.5](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[OWNER DEFAULT.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[102](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[31.6](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[OBLIGATIONS UPON TERMINATION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[103](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[32.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[TERMINATION FOR CONVENIENCE.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[104](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[32.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[GENERAL.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[104](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[32.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[CLAIMS FOR PAYMENT FOLLOWING TERMINATION FOR CONVENIENCE.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[104](#if7fe70d6f0014183886ded15346bcd10_10)

v

&nbsp;&nbsp;&nbsp;&nbsp;

------

**<u>[33.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[FORCE MAJEURE.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[105](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[33.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[EXTENSION OF TIME FOR FORCE MAJEURE EVENT.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[105](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[33.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[CONTRACTOR'S RESPONSIBILITY.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[105](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[33.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[CONTINUING RESPONSIBILITY OF CONTRACTOR.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[105](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[33.4](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[PERFORMANCE NOT EXCUSED.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[105](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[34.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[DUTIES AND TAXES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[105](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[34.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[ALLOCATION OF RESPONSIBILITIES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[105](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[34.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[LOUISIANA TAX AND INCENTIVES PROVISIONS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[106](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[35.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[BINDING AGREEMENT; ASSIGNMENT.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[106](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[35.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[BY OWNER.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[106](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[35.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[BY CONTRACTOR.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[107](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[36.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[DISPUTES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[107](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[36.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[DISPUTE RESOLUTION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[107](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[36.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[CONTINUATION OF WORK DURING DISPUTE.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[109](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[37.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[INDEPENDENT CONTRACTOR.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[109](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[37.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[GENERAL.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[109](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[37.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[EMPLOYEES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[109](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[37.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[RESPONSIBILITY FOR SUBCONTRACTORS, ETC.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[109](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[38.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[NOTICES AND COMMUNICATIONS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[109](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[38.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[REQUIREMENTS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[109](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[38.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[EFFECTIVE TIME.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[110](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[38.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[TECHNICAL COMMUNICATIONS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[110](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[39.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[FINANCING MATTERS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[111](#if7fe70d6f0014183886ded15346bcd10_10)**

**<u>[40.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[COMPLIANCE WITH LAWS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[111](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[40.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[ANTI-CORRUPTION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[111](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[40.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[RECORDS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[112](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[40.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[EXPORT CONTROLS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[113](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[40.4](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[SUBCONTRACTORS; INDEMNIFICATION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[113](#if7fe70d6f0014183886ded15346bcd10_10)

**<u>[41.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[MISCELLANEOUS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[114](#if7fe70d6f0014183886ded15346bcd10_10)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[41.1](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[FURTHER ASSURANCES AND EXPENSES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[114](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[41.2](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[RECORD RETENTION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[114](#if7fe70d6f0014183886ded15346bcd10_10)

vi

&nbsp;&nbsp;&nbsp;&nbsp;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[41.3](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[NO WAIVER.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[114](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[41.4](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[SEVERABILITY.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[114](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[41.5](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[BINDING ON SUCCESSORS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[114](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[41.6](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[GOVERNING LAW.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[115](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[41.7](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[SET-OFF.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[115](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[41.8](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[AMENDMENT.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[115](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[41.9](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[HEADINGS FOR CONVENIENCE ONLY.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[115](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[41.10](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[NONDISCRIMINATION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[115](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[41.11](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[COUNTERPART EXECUTION.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[116](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[41.12](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[THIRD-PARTY BENEFICIARIES.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[116](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[41.13](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[SURVIVAL OF OBLIGATIONS.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[116](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[41.14](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[ENTIRE AGREEMENT.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[116](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[41.15](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[RELATIONSHIP.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[117](#if7fe70d6f0014183886ded15346bcd10_10)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[41.16](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)<u>[LIMITED RECOURSE.](#if7fe70d6f0014183886ded15346bcd10_10)</u>[&nbsp;&nbsp;&nbsp;&nbsp;](#if7fe70d6f0014183886ded15346bcd10_10)[117](#if7fe70d6f0014183886ded15346bcd10_10)

vii

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**<u>Exhibits</u>:**

Exhibit A&nbsp;&nbsp;&nbsp;&nbsp;Scope of Work; Applicable Codes and Standards

Exhibit B&nbsp;&nbsp;&nbsp;&nbsp;Compensation

Exhibit B-1&nbsp;&nbsp;&nbsp;&nbsp;Direct Costs and Non-Reimbursable Costs

Exhibit B-2&nbsp;&nbsp;&nbsp;&nbsp;[Reserved]

Exhibit B-3&nbsp;&nbsp;&nbsp;&nbsp;Target Price Components

Exhibit B-4&nbsp;&nbsp;&nbsp;&nbsp;Cover Costs Examples

Exhibit B-5&nbsp;&nbsp;&nbsp;&nbsp;Payment Procedures

Exhibit C&nbsp;&nbsp;&nbsp;&nbsp;Contractor Rates

Exhibit D&nbsp;&nbsp;&nbsp;&nbsp;Schedule Milestones

Exhibit E&nbsp;&nbsp;&nbsp;&nbsp;Project Schedule

Exhibit F&nbsp;&nbsp;&nbsp;&nbsp;Contract Forms

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit F-1 &nbsp;&nbsp;&nbsp;&nbsp;Form of Contractor Certificate for Partial Waiver of Liens

&nbsp;&nbsp;&nbsp;&nbsp;Exhibit F-2 &nbsp;&nbsp;&nbsp;&nbsp;Form of Subcontractor Certificate for Partial Waiver of Liens

&nbsp;&nbsp;&nbsp;&nbsp;Exhibit F-3 &nbsp;&nbsp;&nbsp;&nbsp;Form of Contractor Certificate for Final Waiver of Liens

&nbsp;&nbsp;&nbsp;&nbsp;Exhibit F-4 &nbsp;&nbsp;&nbsp;&nbsp;Form of Subcontractor Certificate for Final Waiver of Liens

&nbsp;&nbsp;&nbsp;&nbsp;Exhibit F-5 &nbsp;&nbsp;&nbsp;&nbsp;Form of Consent and Agreement

Exhibit F-6 &nbsp;&nbsp;&nbsp;&nbsp;Form of Contractor Guarantee

&nbsp;&nbsp;&nbsp;&nbsp;Exhibit F-7 &nbsp;&nbsp;&nbsp;&nbsp;Form of Request for Payment

&nbsp;&nbsp;&nbsp;&nbsp;Exhibit F-8 &nbsp;&nbsp;&nbsp;&nbsp;Form of Limited Notice to Proceed

Exhibit F-9A&nbsp;&nbsp;&nbsp;&nbsp;Form of Performance Bond

Exhibit F-9B&nbsp;&nbsp;&nbsp;&nbsp;Form of Payment Bond

&nbsp;&nbsp;&nbsp;&nbsp;Exhibit F-10 &nbsp;&nbsp;&nbsp;&nbsp;Form of Change Order

&nbsp;&nbsp;&nbsp;&nbsp;Exhibit F-11 &nbsp;&nbsp;&nbsp;&nbsp;Form of LNG Production System Mechanical Completion

Certificate

&nbsp;&nbsp;&nbsp;&nbsp;Exhibit F-12&nbsp;&nbsp;&nbsp;&nbsp;Form of LNG Production System RFSU Certificate

&nbsp;&nbsp;&nbsp;&nbsp;Exhibit F-13&nbsp;&nbsp;&nbsp;&nbsp;Form of Notice to Proceed

&nbsp;&nbsp;&nbsp;&nbsp;Exhibit F-14 &nbsp;&nbsp;&nbsp;&nbsp;Form of Title Insurance Indemnity Undertaking

&nbsp;&nbsp;&nbsp;&nbsp;Exhibit F-15&nbsp;&nbsp;&nbsp;&nbsp;Form of Payment Status Affidavit (Contractor)

&nbsp;&nbsp;&nbsp;&nbsp;Exhibit F-16&nbsp;&nbsp;&nbsp;&nbsp;Form of Subcontractor's Payment Status Affidavit

&nbsp;&nbsp;&nbsp;&nbsp;Exhibit F-17&nbsp;&nbsp;&nbsp;&nbsp;[Reserved]

&nbsp;&nbsp;&nbsp;&nbsp;Exhibit F-18&nbsp;&nbsp;&nbsp;&nbsp;Form of Certificate of Schedule Milestone Achievement

Exhibit G&nbsp;&nbsp;&nbsp;&nbsp;Training Requirements

Exhibit H&nbsp;&nbsp;&nbsp;&nbsp;Schedule of Major Vendors

Exhibit I&nbsp;&nbsp;&nbsp;&nbsp;Progress Reporting and Progress Meetings

Exhibit J&nbsp;&nbsp;&nbsp;&nbsp;Document Control and Information Management

Exhibit K&nbsp;&nbsp;&nbsp;&nbsp;List of Contractor's Key Personnel

Exhibit L&nbsp;&nbsp;&nbsp;&nbsp;Permits, Licenses and Government Approvals

Exhibit M&nbsp;&nbsp;&nbsp;&nbsp;Relied Upon Information

Exhibit N&nbsp;&nbsp;&nbsp;&nbsp;Owner Supplied Information

Exhibit O&nbsp;&nbsp;&nbsp;&nbsp;Schedule of Major Subcontractors

Exhibit P&nbsp;&nbsp;&nbsp;&nbsp;Mechanical Completion, Commissioning, Start-up and Substantial Completion

Exhibit Q&nbsp;&nbsp;&nbsp;&nbsp;Owner Personnel

Exhibit R&nbsp;&nbsp;&nbsp;&nbsp;Demonstration Tests and Performance Tests

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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Exhibit S&nbsp;&nbsp;&nbsp;&nbsp;LNG Production System Handover Packages

Exhibit T&nbsp;&nbsp;&nbsp;&nbsp;Requirements for Simultaneous Operation

Exhibit U&nbsp;&nbsp;&nbsp;&nbsp;Health, Safety, Security and Environment Requirements

Exhibit V&nbsp;&nbsp;&nbsp;&nbsp;First Fills and Catalysts

Exhibit W&nbsp;&nbsp;&nbsp;&nbsp;Owner Contracts

Exhibit X&nbsp;&nbsp;&nbsp;&nbsp;[Reserved]

Exhibit Y&nbsp;&nbsp;&nbsp;&nbsp;Coordination Procedure

&nbsp;&nbsp;&nbsp;&nbsp;

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**THIS ENGINEERING, PROCUREMENT AND CONSTRUCTION AGREEMENT (PHASE 2)** (this "***Agreement***") is made and entered into as of January 30, 2026 (the "***Effective Date***") by and between VENTURE GLOBAL CP2 LNG, LLC ("***Owner***"), a limited liability company duly organized and validly existing under the laws of the State of Delaware domiciled in and with its principal place of business located at 1001 19<sup>th</sup> Street North, Suite 1500, Arlington, VA 22209, and WORLEY FIELD SERVICES INC., a corporation duly organized and validly existing under the laws of Texas with its principal place of business at 5995 Rogerdale Rd., Houston, TX 77072 (the "***Contractor***").

W I T N E S E T H

WHEREAS, Owner is developing and intends to own and operate natural gas liquefaction facilities, including two phases, an export terminal and LNG storage facilities located on the Calcasieu Ship Channel in Cameron Parish, Louisiana, all as more fully described herein and the Exhibits hereto;

WHEREAS, pursuant to the Phase 1 Agreement (as defined below), Owner engaged Contractor to perform certain design, engineering, procurement, and construction-related services for the first phase, with a nameplate capacity of fourteen decimal four (14.4) million metric tonnes per annum of LNG;

WHEREAS, Owner desires to engage Contractor to perform certain design, engineering, procurement, and construction-related services in respect of the second phase, with a nameplate capacity of five decimal six (5.6) million metric tonnes per annum of LNG, all as more fully described herein and in the Exhibits hereto;

WHEREAS, Contractor has (a) been provided and reviewed the conceptual drawings, the Owner Contracts and the other information relating to the Facility (as hereinafter defined) and all other documents relating to the Facility which Contractor and Owner have deemed necessary in connection with this Agreement, (b) inspected the Job Site (as hereinafter defined), and (c) performed or reviewed such other investigations, studies and analyses, which Contractor has determined to be necessary or prudent, in connection with the performance of the Work (as hereinafter defined);

WHEREAS, Contractor has represented that it is experienced and qualified in providing technical assistance, licensing, engineering, procurement, supply, construction management, construction, Pre-Commissioning (as hereinafter defined), Commissioning (as hereinafter defined) and testing services, and that it possesses the requisite expertise and resources to complete the Work to be performed by it; and

WHEREAS, Contractor desires to complete the Work for Owner.

NOW, THEREFORE, in consideration of the sums to be paid to Contractor by Owner and of the covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the Parties hereto, intending to be legally bound, hereby agree as follows:

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**1.&nbsp;&nbsp;&nbsp;&nbsp;DEFINITIONS.**

For all purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires, the following terms when capitalized herein (including the Exhibits) shall have the following meanings:

"***Abandonment of the Project***" means Contractor's refusal to perform substantially all home office activities and field construction operations in a manner that manifests the intent by Contractor of not completing the Work under this Agreement.

"***Affiliate***" means, in relation to any Person, any other Person: (a) which directly or indirectly controls, or is controlled by, or is under common control with, such Person; or (b) which directly or indirectly beneficially owns or holds fifty percent (50%) or more of any class of voting stock or other equity interests of such Person; or (c) which has fifty percent (50%) or more of any class of voting stock or other equity interests that is directly or indirectly beneficially owned or held by such Person; or (d) who either holds a general partnership interest in such Person or such Person holds a general partnership interest in the other Person. For purposes of this definition, the word "controls" means possession, directly or indirectly of the power to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities or otherwise. For the avoidance of doubt, the Contractor Guarantor shall be deemed to be an Affiliate of Contractor under this Agreement.

"***Agreement***" has the meaning set forth in the introductory paragraph hereof, and shall be deemed to include all Exhibits to this Agreement, as each of the foregoing may be amended, modified and supplemented from time to time pursuant to the terms hereof.

"***Anti-Corruption Laws***" has the meaning set forth in <u>Section 40.1.2</u>.

"***Applicable Codes and Standards***" means those certain codes, requirements and standards applicable to the Facility, the Job Site, the Work, Contractor and/or any Subcontractors set forth in <u>Exhibit A</u> or in any applicable Law. In the event of an inconsistency or conflict between any of the Applicable Codes and Standards, the more stringent standard as contemplated therein shall govern Contractor's performance under this Agreement.

"***Applicable Deadline***" means an LNG Production System Substantial Completion Deadline, the Facility Substantial Completion Deadline or the Final Completion Deadline, as applicable.

"***Base Target Price***" means, as of any date, an amount equal to the sum of the Direct Costs (other than Tax Costs) components of the Target Price as of such date.

"***BH***" means Baker Hughes Energy Services LLC, a Delaware limited liability company.

"***BH Testing Delay***" has the meaning set forth within the definition of Owner Caused Delay.

"***Block***" means a grouping of two (2) Liquefaction Trains in a Liquefaction Train System.

&nbsp;&nbsp;&nbsp;&nbsp;

------

"***Btu***" or "***British Thermal Unit***" means the amount of heat required to raise the temperature of one avoirdupois pound of pure water from fifty-nine degrees (59°) Fahrenheit to sixty degrees (60°) Fahrenheit at a pressure of fourteen decimal six nine six (14.696) pounds per square inch absolute (psia).

"***Business Day***" means any Day other than a Saturday, Sunday or a legal holiday in the State of New York (solely for the purpose of a payment obligation) or the State of Louisiana (with respect to all other obligations).

***"CB&I"*** means CB&I Storage Tank Solutions LLC, a Delaware limited liability company.

"***Certificate of Schedule Milestone Achievement***" means the certificate, in substantially the form set forth as <u>Exhibit F-18</u>, to be provided by Contractor confirming in writing that the particular Schedule Milestone has been achieved and explaining how it was achieved.

"***Change in Law***" means (a) the enactment or issuance of any new Law or Permit applicable to the Facility, the Job Site and/or the Parties, (b) the amendment, alteration, modification or repeal of any existing Law or Permit applicable to the Facility (including any change to Facility noise or emissions limitations), the Job Site and/or the Parties, or (c) any authoritative interpretation of any existing Law or Permit applicable to the Facility, the Job Site and/or the Parties, expressed in writing and issued by a Government Authority that is contrary to the existing official interpretation thereof, which in the case of any of (a), (b) or (c) above is enacted or adopted and is imposed and/or comes into effect after the Effective Date, and that must be complied with in order for the Facility to be constructed or operated lawfully; *provided*, *however*, that any change in any Law relating to income, capital, net worth or income withholding taxes shall not constitute a Change in Law for purposes hereof.

"***Change Order***" means a document issued pursuant to <u>Article 12</u> which authorizes, as applicable, a change in or to (a) the Work or the requirements set forth in <u>Exhibit A</u>, (b) the Target Price, (c) the Project Schedule, (d) the Critical Path, (e) an Applicable Deadline, (f) the Demonstration Tests; (g) Performance Tests (or protocol therefor); or (h) any right, liability or obligation of a Party or any other provision hereof, and is in the form attached hereto as <u>Exhibit F-10</u>.

"***Commissioning***" means the commissioning activities performed by Owner with support by Contractor with respect to an LNG Production System after LNG Production System Mechanical Completion and Pre-Commissioning for such LNG Production System has occurred, as set forth in <u>Exhibit P</u> and Owner has accepted a Ready for Commissioning Certificate for such LNG Production System in accordance with <u>Exhibit P</u>. Commissioning includes all of the activities that are required to be completed in order to put the equipment and facilities into operation, to dynamically verify functionality of equipment and to ensure that systems, or facilities forming part of a system, are in accordance with specified requirements to bring that system into operation, including specialist flushing and cleaning, chemical and hydraulic cleaning, drying, oxygen freeing nitrogen and helium testing.

&nbsp;&nbsp;&nbsp;&nbsp;

------

"***Completion Date***" means the applicable Schedule Milestone Completion Date as set forth in <u>Exhibit D</u>, <u>Appendix 2</u>, or any of them as the context may require.

"***Confidential Information***" has the meaning set forth in <u>Section 27.1</u>.

"***Consent and Agreement***" has the meaning set forth in <u>Article 39</u>.

"***Contractor***" has the meaning set forth in the introductory paragraph hereof, and includes legal successors and permitted assigns as may be accepted by Owner, in writing, pursuant to the terms of this Agreement.

"***Contractor Confidential Information***" has the meaning set forth in <u>Section 27.1.2</u>.

"***Contractor Guarantee***" means the guarantee issued by the Contractor Guarantor in the form of <u>Exhibit F-6</u>.

"***Contractor Guarantor***" means Worley Limited.

"***Contractor Indemnitee***" means Contractor, the Contractor's Representative, and all Affiliates, officers, directors, employees and agents thereof.

"***Contractor Intellectual Property***" means all Intellectual Property that is (a) (i) owned by or licensed to Contractor as of the Effective Date or by Contractor's Affiliates as of the Effective Date or (ii) acquired during the term of this Agreement other than in connection with the Work, (b) disclosed by Contractor hereunder, and (c) necessary for, or used or held for use by Contractor and/or any Subcontractor in connection with the performance, completion, design, construction, installation, operation, maintenance, repair, replacement, modification, alteration or reconstruction of the Work.

"***Contractor's G&A***" means, in respect of each month that Contractor is eligible for reimbursement of Direct Costs, Contractor's general and administrative expenses for such month, which shall be a fixed percentage during the term hereof and equal at all times to (i) [\*\*\*] of the sum of the amount of Direct Costs (other than Tax Costs) that are reimbursable to Contractor in respect of such month plus (ii) [\*\*\*] of the sum of the amount of Tax Costs that are reimbursable to Contractor in respect of such month, all as specifically defined in <u>Exhibit B-1</u>.

"***Contractor's Margin***" means a fixed fee as specifically defined in <u>Exhibit B-1</u>. Contractor's Margin shall be paid in accordance with the Margin Milestone schedule included in <u>Exhibit D</u>.

"***Contractor's Representative***" means Contractor's employee designated by Contractor pursuant to <u>Section 3.8.33</u>.

"***Contractor Taxes***" has the meaning set forth in <u>Section 34.1</u>.

"***Corrective Work***" has the meaning set forth in <u>Section 20.1.3</u>.

&nbsp;&nbsp;&nbsp;&nbsp;

------

"***Cover Costs***" has the meaning set forth in <u>Section 31.3</u>.

"***CP Express Pipeline***" means, collectively, the natural gas pipelines interconnected with the Facility, as more specifically described in <u>Exhibit A</u>.

"***Critical Path***" means the longest duration series of interdependent engineering, procurement, construction, Pre-Commissioning, Commissioning and testing activities described in or prepared in accordance with <u>Exhibit E</u> relating to the Work logically connected end to end using critical path method precedence networking techniques that determines the shortest total duration of the Project Schedule from the commencement of the Work to Facility Substantial Completion or Applicable Deadline, if different, which techniques shall be agreed to in writing by Owner and Contractor prior to the Notice to Proceed Date.

"***Day***" or "***day***" means a period of twenty-four (24) consecutive hours from 12:00 midnight (Central time), and shall include Saturdays, Sundays and all holidays except that in the event a time period set forth herein expires on a Day that is not a Business Day, such period shall be deemed to expire on the next Business Day thereafter.

"***Defects"*** or "***Deficiencies***" means any components, tools, Materials, installation (including the installation and integration of Owner Furnished Equipment and Materials by Contractor or its Subcontractors), construction, workmanship or Work (including any Corrective Work) that, in Owner's reasonable judgment, (a) do not conform to the terms of this Agreement or any Warranty or (b) are not of uniform good quality, or designs which fail to conform to the Applicable Codes and Standards, Owner Standards and all other requirements of this Agreement, including <u>Exhibit A</u> (to the extent designed by Contractor or its Subcontractors), application, manufacture or workmanship, or that contain improper or inferior workmanship. Defects and Deficiencies shall not be deemed to include breakdown or damage caused by (i) Owner's negligence or willful misconduct, (ii) Owner's failure to supply Owner Furnished Equipment and Materials, or failure of the Owner Furnished Equipment and Materials to perform in accordance with the applicable Owner Contract pursuant to which such Owner Furnished Equipment and Materials were purchased by Owner, or Owner's failure to perform the Owner Scope of Work, (iii) Owner's failure to operate or maintain an LNG Production System or the Facility in accordance with operations and maintenance manuals provided to Owner by Contractor, (iv) any repair, alteration or modification by third parties (unless such third party was approved by Contractor or was retained by Owner to perform such repair, alteration or modification in accordance with this Agreement where Contractor failed to initiate correction of Work), (v) normal wear and tear, or (vi) any effects of the elements on, or use outside of the design parameters of, an LNG Production System or the Facility, including distortion, corrosion, abrasion, material changes to the operating conditions (such as temperature, pressure, or changes in material product composition).

"***Deliverables***" means all Drawings and Specifications, records, manuals, programs, registers and written procedures required pursuant to the terms of this Agreement (including <u>Exhibit Y</u>) or otherwise to operate and maintain the Work and the Facility and training of the Facility's operation and maintenance personnel via classroom and hands-on sessions pursuant to the terms hereof, excluding Deliverables provided under the Owner Contracts.

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"***Demonstration Tests***" has the meaning set forth in <u>Exhibit R</u>.

"***Direct Costs***" means the actual, verifiable and documented costs incurred by Contractor with respect to the performance of the Reimbursable Work based upon the labor rates, unit rates and actual out-of-pocket costs and expenses, in each case, as described in more particular detail in <u>Exhibit B-1</u> and <u>Exhibit C</u> and that are incurred by Contractor in accordance with this Agreement, excluding any Non-Reimbursable Costs.

"***Dispute***" has the meaning set forth in <u>Section 36.1.1</u>.

"***Dollar***" and "***$***" means the lawful currency of the United States of America.

"***Drawings and Specifications***" means all specifications, calculations, designs, plans, drawings, engineering and analyses, operation and maintenance manuals, original equipment manufacturer manuals, material safety data sheets, operating instructions, system checklists, start-up procedures, Pre-Commissioning, Commissioning procedures and checklists, System Turnover Packages, alignment checklists and all other documents of the Work, including the structure and foundation thereof, either (a) described in or attached to this Agreement or (b) prepared or modified by Contractor or any Subcontractor with respect to the Work, excluding Drawings and Specifications provided under the Owner Contracts.

"***EAR***" has the meaning set forth in <u>Section 40.3.1</u>.

"***Effective Date***" has the meaning set forth in the introductory paragraph hereof.

"***Environmental Laws***" means any Law relating to the regulation or protection of human health, safety, natural resources or the environment or to the remediation, manufacture, generation, production, installation, use, sale, storage, treatment, transportation, Release, threatened Release, exposure to, or disposal of Hazardous Substances.

"***Estimated Monthly Amount***" has the meaning set forth in <u>Section 6.3.1</u>.

"***Export Controls***" has the meaning set forth in <u>Section 40.3.1</u>.

"***Facility***" means (a) the second phase of Owner's CP2 LNG export terminal and liquefaction project, with a nameplate capacity of five decimal six (5.6) MTPA of LNG, to be located at the Job Site and more specifically described as the fully operational, complete project (including Materials and Owner Furnished Equipment and Materials incorporated therein) to be designed, engineered, procured, constructed, pre-commissioned, tested, delivered and warranted under this Agreement in order to successfully pass the Performance Tests and meet or exceed the requirements set forth in <u>Exhibit A</u>, and consisting of the Liquefaction Train System, the LNG Storage Tanks, the Pre-Treatment System and the marine terminal and including all Materials necessary to safely and efficiently transport and process Feed Gas through each LNG Production System, load and store LNG in the LNG Storage Tanks, transport LNG to, and load LNG on, an LNG Tanker, and otherwise process, transport, store load and unload LNG and Feed Gas, all as more particularly described in <u>Exhibit A</u> together with the supporting improvements and

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interconnections related thereto, as specifically addressed in the Exhibits hereto, and (b) the Power Plant. For the avoidance of doubt, the Facility excludes the Phase 1 Facility.

"***Facility Mechanical Completion***" means the acceptance by Owner of the Facility after satisfaction of the applicable conditions set forth in <u>Exhibit P</u> and <u>Section 19.1</u>.

"***Facility Mechanical Completion Date***" means the date on which Facility Mechanical Completion occurs in accordance with <u>Section 19.1</u>.

"***Facility Performance Tests***" has the meaning set forth in <u>Section 15.3.4</u>.

"***Facility Substantial Completion***" means the completion of the Facility in accordance with and to the extent set forth in <u>Section 19.2</u>.

"***Facility Substantial Completion Date***" means the date on which Facility Substantial Completion occurs in accordance with <u>Section 19.2</u>.

"***Facility Substantial Completion Deadline***" means the date identified on <u>Exhibit D</u>.

"***Feed Gas***" means natural gas, in gaseous form, which consists of gas transported by natural gas pipelines in the United States of America.

"***Feed Gas Interconnection***" means the installation of the Materials to the Pipeline Tie Point(s) and all other activities necessary to effect interconnection of the Facility with the civil, mechanical, electrical and control systems of the CP Express Pipeline.

"***Field Services Agreement***" means the Field Services Agreement to be entered into by Owner and BH (or BH's Affiliate).

"***Final Completion***" means the completion of the Facility in accordance with and to the extent set forth in <u>Section 19.4</u>.

"***Final Completion Date***" means the date on which Final Completion occurs in accordance with <u>Section 19.4</u>.

"***Final Completion Deadline***" means the date that is [\*\*\*] days after the Facility Substantial Completion Date.

"***Final Request for Payment***" has the meaning set forth in <u>Section 6.7</u>.

"***Financial Closing Date***" means the closing date for the Financing by the Lenders, at which time all conditions precedent to the drawing of funds thereunder have been satisfied or waived and the initial funds contemplated by the Financing are disbursed to Owner.

"***Financing***" has the meaning set forth in <u>Article 39</u>.

"***Financing Deliverables***" has the meaning set forth in <u>Article 39</u>.

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"***Force Majeure Event***" means any act, event or condition that (a) arises after the Effective Date, and (b) has an impact which will actually, demonstrably and adversely affect a Party's ability to perform its obligations in accordance with this Agreement (excluding obligations to pay money due) or will actually, demonstrably and adversely affect the Critical Path, in each case, to the extent that such act, event or condition (i) is beyond the reasonable control of the Party relying thereon, (ii) is not the result of any unreasonable acts, omissions or delays of the Party relying thereon (or any Third Party over whom such Party has control, including any Subcontractor), (iii) is not an act, event or condition, the risks or consequences of which such Party has expressly agreed to assume hereunder, or (iv) that could not be avoided by the exercise of reasonable precautions, efforts and measures (including planning, scheduling and rescheduling), whether before, after or during such act, event or condition. Force Majeure Event includes the following (if the conditions and requirements described above are satisfied): hurricanes, named tropical storms, floods, storm surge, tsunamis, lightning strike, volcanic eruptions, tornados, or other unusually severe conditions; government decreed official state of emergency or other governmental action of a Government Authority; fire, earthquakes and explosions; epidemics (including the epidemic known as COVID-19); contamination by nuclear, chemical, or biological cause; acts of war (whether declared or undeclared); accidents of navigation; sabotage or terrorism; and strikes, work stoppages or other labor actions that are not directed solely at Contractor or any Subcontractor; and Change in Law. Notwithstanding the foregoing, Force Majeure Event does not include (i) strikes, work stoppages (or deteriorations), slowdowns or other labor actions directed solely at Contractor or any Subcontractor solely involving the employees of Contractor or any Subcontractor, (ii) weather conditions (other than those expressly defined as Force Majeure Events above) which could reasonably be anticipated by experienced professional design and construction contractors familiar with building comparable facilities on the Gulf Coast of the United States of America, (iii) any Job Site Condition or event arising therefrom, (iv) the occurrence of any manpower, craft labor or Materials shortages (unless otherwise caused by a Force Majeure Event), (v) any failure by Contractor to obtain and/or maintain any Permit it is required to obtain and/or maintain hereunder, (vi) any delay, default or failure (direct or indirect) in obtaining Materials or of any Subcontractor or any other delay, default or failure (financial or otherwise) of a Subcontractor (unless otherwise caused by a Force Majeure Event), or (vii) changes in market conditions.

"***Gas Turbine***" means that component of the Power Plant which generates power to drive a generator by exhausting gases produced by the combustion of fuel and compressed air through a Brayton cycle turbine.

"***Geotechnical Reports***" means those reports furnished by Owner to Contractor prior to the execution of this Agreement, as further described in <u>Exhibit M</u>.

"***Government Authority***" means any agency, authority, department, court, tribunal, ministry, legislative body, commission, instrumentality, public person, statutory or legal entity, person (whether autonomous or not), or other subdivisions of any of the above having a regulatory interest in or jurisdiction over any Party, the Job Site, the performance of the Work, or the Facility (or the construction or operation thereof).

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"***Government Official***" has the meaning set forth in <u>Section 40.1.3</u>.

"***Hazardous Substances***" means any element, compound, mixture, solution, particle or substance:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;which is or may become dangerous, harmful or potentially dangerous or harmful to the health and welfare of life, natural resources or the environment, such as, but not limited to, explosives, petroleum products, radioactive, corrosive, flammable, infectious, carcinogenic, or mutagenic materials, hazardous wastes, toxic substances and related materials, and including any substance or material included within the definitions of "hazardous substances," "hazardous wastes," "solid wastes," "hazardous materials," "chemical substances," "hazardous pollutants" or "toxic pollutants" in any Law, including any Law relating to the protection of human health, natural resources or the environment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;the presence or Release of which requires investigation or remediation under any applicable Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;which is listed, defined, regulated or forms the basis for liability under any applicable Law relating to the protection of human health, natural resources or the environment; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;the presence of which on the Job Site causes or threatens to cause a nuisance upon the Job Site or to the adjacent properties or poses or threatens to pose a hazard to the health or safety of Persons on or about the Job Site or on or about the adjacent properties.

"***HSSE***" has the meaning set forth in <u>Section 11.2.2</u>.

"***HSSE Program***" has the meaning set forth in <u>Section 11.1</u>.

"***ICC***" means the International Chamber of Commerce.

"***Indemnified Liens***" has the meaning set forth in <u>Section 6.4.1</u>.

"***Independent Engineer***" means the engineering firm designated by the Lenders to monitor the progress of the Work and conformity of the Work with Owner Standards and the requirements and specifications contained herein.

"***Initial Request for Payment***" means the first Request for Payment that is issued simultaneously with the Notice to Proceed.

"***Intellectual Property***" means all United States and foreign intellectual property, including all (a) inventions (whether or not patentable or reduced to practice), improvements, patents and industrial designs (including utility models, designs, and industrial property) and patent and industrial design applications, and inventions and patent disclosures, together with all renewals, reissues, reexaminations, provisionals, divisionals, revisions, continuations, continuations-in-part, and extensions thereof; (b) works of authorship (whether or not copyrightable), registered and unregistered copyrights, mask works, database rights, and moral

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rights, together with all applications therefor and renewals thereof; (c) trade secrets, confidential or proprietary information (including unpublished patent applications, technical data, customer and suppliers lists, pricing and cost information, and business and marketing plans and proposals), technology, know-how, processes, techniques, protocols, specifications, data, compositions, industrial models, architectures, layouts, designs, drawings, plans, ideas, research and development, formulae, algorithms, models, and methodologies; and (d) trademarks, service marks, trade names, domain names, designs, trade dress, business names, corporate names, logos, slogans, and all other indicia of origin, together with all goodwill, registrations, renewals, and applications relating to the foregoing.

"***Intellectual Property Claim***" means any claim, demand, suit or legal action to the extent arising out of or based on any actual or alleged unauthorized disclosure, use or misappropriation of any Intellectual Property, or any actual or alleged infringement or other violation of any right in, to or under, any Intellectual Property of any other Person that: (a) concerns any Materials, Deliverables, Inventions or other services or information provided by Contractor, any of its Affiliates, or any Subcontractor under this Agreement; (b) is based upon or arises out of the performance of the Work by Contractor, any of its Affiliates, or any Subcontractor, including the use of any tools or other implements of construction by Contractor, any of its Affiliates or any Subcontractor; (c) is based upon or arises out of the completion, design, construction, installation, operation, maintenance, repair, replacement, expansion, modification, alteration or reconstruction of the Facility (or any portion, subsystem or component thereof) by Contractor or any of its respective Affiliates or Subcontractors under this Agreement or their use of any Contractor Intellectual Property in connection therewith; or (d) is based upon or arises out of Owner's exercise of its rights pursuant to and in accordance with <u>Article 29</u>, and excluding for the avoidance of doubt any claim, demand, suit or legal action arising out of or based on the Owner Furnished Equipment and Materials.

"***Interim Milestone***" means a Schedule Milestone identified as an Interim Milestone in <u>Exhibit D</u>, <u>Appendix 4</u>.

"***Inventions***" has the meaning set forth in <u>Section 29.1</u>.

"***Job Site***" means the portion of Owner's real property interests on which the Facility is to be located, plus the laydown areas, rights-of-way, easements and other property rights affixed, connected or associated therewith and such additional areas as may, from time to time, be designated in writing by Owner for Contractor's use hereunder, including all roads connecting the Job Site to the MOF Facilities, as more fully described in <u>Exhibit A</u>.

"***Job Site Conditions***" has the meaning set forth in <u>Section 3.3</u>.

"***Key Personnel***" means the employees of Contractor named in <u>Exhibit K</u>.

"***Late Payment Rate***" means the lesser of (a) two percent (2%) above the per annum Prime Rate reported daily in *The Wall Street Journal*, or (b) the maximum rate permitted by Law.

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"***Law***" means (a) any applicable statute, law, common law, rule, regulation, code, ordinance, judgment, decree, writ, order or the like of any Government Authority and the official interpretations thereof or (b) any official requirements or conditions on or with respect to the issuance, maintenance or renewal of any applicable Permit issued by any Government Authority including laws related to Taxes, import or export charges (including any tariffs, levies and duties).

"***Lenders***" means (a) any Person that does or proposes to provide Financing in respect of the Facility and/or the general business and operations of Owner or its Affiliates (including any refinancing thereof), including any export credit agency, funding agency, bondholder, insurance agency, underwriter, investor, commercial lender or similar institution, together with any agent or trustee for such Person, and (b) any provider of any hedging arrangement entered into in connection with the arrangements described in clause (a) above, including an interest rate swap transaction or a forward interest rate swap transaction, in each case, together with any agent or trustee for such provider.

"***Limited Notice to Proceed***" has the meaning set forth in <u>Section 4.2.1</u>.

"***Liquefaction Train***" means the Mixed Refrigerant compression package, including the cold box, surge vessel and other equipment producing approximately [\*\*\*] MTPA of LNG at design outlet pressure and ambient design conditions of [\*\*\*] degrees Fahrenheit and [\*\*\*] relative humidity, at sea level, as further described in <u>Exhibit A</u>.

"***Liquefaction Train System***" means the Mixed Refrigerant compression package, including the cold box, surge vessel and other equipment in a configuration of ten (10) Liquefaction Trains capable of producing an aggregate of approximately [\*\*\*] MTPA of LNG at design conditions, as further described in <u>Exhibit A</u> and <u>Exhibit R</u>.

"***LNG***" means liquefied natural gas meeting the requirements described in <u>Exhibit A</u>.

"***LNG Production System***" means LPS5 or LPS6, as applicable.

"***LNG Production System Handover Package***" means, with respect to each of LPS5 or LPS6, the equipment, Materials and Owner Furnished Equipment and Materials described in <u>Exhibit S</u>.

"***LNG Production System Mechanical Completion***" means the acceptance by Owner of an LNG Production System after satisfaction of the applicable conditions set forth in <u>Section 18.1</u> and <u>Exhibit P</u>.

"***LNG Production System Mechanical Completion Certificate***" means the certificate provided by Contractor in the form of <u>Exhibit F-11</u> certifying the satisfaction of each of the requirements required to achieve LNG Production System Mechanical Completion in <u>Section 18.1</u>.

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"***LNG Production System Mechanical Completion Date***" means, with respect to an LNG Production System, the date on which LNG Production System Mechanical Completion of such LNG Production System occurs in accordance with <u>Section 18.1</u>.

"***LNG Production System RFSU***" means, with respect to an LNG Production System, all of the following conditions are satisfied: (a) Contractor has completed all applicable Work in accordance with this Agreement, including <u>Exhibit P</u>, to ensure that such LNG Production System is ready to receive and utilize Feed Gas, (b) Contractor has achieved LNG Production System Mechanical Completion, and (c) Contractor has delivered to Owner an LNG Production System RFSU Certificate, as required in <u>Section 18.2</u>.

"***LNG Production System RFSU Certificate***" means the certificate provided by Contractor in the form of <u>Exhibit F-12</u> in advance of the introduction of Feed Gas for Commissioning.

"***LNG Production System Substantial Completion***" means the completion of an LNG Production System in accordance with and to the extent set forth in <u>Section 18.3</u>.

"***LNG Production System Substantial Completion Date***" means, with respect to an LNG Production System, the date on which LNG Production System Substantial Completion of such LNG Production System occurs in accordance with <u>Section 18.3</u>.

"***LNG Production System Substantial Completion Deadline***" means the LPS5 Substantial Completion Deadline or the LPS6 Substantial Completion Deadline, as applicable.

"***LNG Storage Tank***" means one (1) of the two (2) cryogenic LNG storage tanks designed and field erected in accordance with the LNG Storage Tanks Engineering, Procurement and Construction Agreement (Phase 2) entered into by and between CB&I and Owner, as more particularly described in <u>Exhibit A</u>.

"***LNG Storage Tank Cooldown***" has the meaning set forth in <u>Section 18.2.2</u>.

"***LNG Tanker***" means an ocean-going vessel suitable for the transportation of LNG which conforms to the specifications set forth in <u>Exhibit A</u>.

"***Loading Rate Test***" has the meaning set forth in <u>Exhibit R</u>.

"***Losses***" means any and all losses, liabilities, damages, costs, charges, expenses, fines, interest, awards and penalties, which are the result of or arise in connection with any actions, suits, claims, demands, causes of action, litigation, lawsuits, administrative proceedings or administrative investigations.

"***LPS5***" means the systems and sub-systems comprising a portion of the Facility and including [\*\*\*] Blocks that are collectively identified as such in <u>Exhibit A</u>.

"***LPS5 Substantial Completion Date***" means the date on which LNG Production System Substantial Completion is achieved for LPS5.

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"***LPS5 Substantial Completion Deadline***" means the date so identified on <u>Exhibit D</u>.

"***LPS6***" means the systems and sub-systems comprising a portion of the Facility and including [\*\*\*] Blocks that are collectively identified as such in <u>Exhibit A</u>.

***"LPS6 Substantial Completion Date***" means the date on which LNG Production System Substantial Completion is achieved for LPS6.

"***LPS6 Substantial Completion Deadline***" means the date so identified on <u>Exhibit D</u>.

"***LTS PO***" means that certain Purchase Order Contract for the Sale of the Liquefaction Train System, dated as of December 13, 2024, between Owner and BH.

"***Major Subcontract***" means (a) any Subcontract providing services or Materials for the Work having an aggregate value in excess of [\*\*\*], or (b) multiple Subcontracts with the same Subcontractor (including any Subcontractor that is an Affiliate of Contractor) providing services or Materials for the Work having an aggregate value in excess of [\*\*\*].

"***Major Subcontractor***" means each Subcontractor that is party to a Major Subcontract.

"***Margin Milestone***" means a milestone identified as a Margin Milestone in <u>Exhibit D</u>.

"***Marine Works***" means the scope described in <u>Section 3.5</u> of <u>Exhibit A</u>.

"***Material Change***" means any proposed Change Order or other amendment, supplement or modification to this Agreement which, directly or indirectly, (a) delays, extends or changes an Applicable Deadline, (b) modifies the requirements for successfully passing any Demonstration Tests or Performance Tests or the manner in which any Demonstration Tests, or Performance Tests are performed or the results thereof are measured, (c) diminishes the scope or duration of any Contractor warranty, (d) causes the Work (or any portion thereof) to materially deviate from the requirements set forth in <u>Exhibit A</u>, (e) increases the Target Price by more than [\*\*\*] for an individual change or, when aggregated with all other changes previously effected, causes the Target Price to increase by an amount that is more than an [\*\*\*] or (f) otherwise materially diminishes, lessens or waives any liability or obligation of Contractor under this Agreement or any right or benefit of Owner hereunder. The term "***Material Change***" is a term distinct and separate from references herein to "material adverse change," and shall in no way be construed or applied to define the word "material" or "materially" when used herein.

"***Materials***" means those equipment, materials, supplies, apparatus, machinery, parts, tools (including any special tools), components, instruments, appliances, systems, construction and testing-related spare parts and appurtenances thereto (a) required for prudent design, engineering, procurement, construction, installation, Pre-Commissioning, Commissioning, testing, delivery and operation, maintenance and repair of the Work and for the installation, Pre-Commissioning at the Job Site, Commissioning, testing, and operation of the Facility in accordance with Owner Standards and supplied under the terms of this Agreement, and (b)

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described in or required as part of the Work by <u>Exhibit A</u>, excluding, in each case, the Owner Furnished Equipment and Materials.

"***Mixed Refrigerant***" means a mixture of gases or liquids, including ethylene, propane, i-pentane, nitrogen and other gases as may be required to operate a Liquefaction Train.

"***MMBtu***" means one million British Thermal Units.

"***MMSCFD***" means Million Standard Cubic Foot per Day.

"***MOF Facility***" means each site located in the vicinity of the Job Site that is designated by Owner to be utilized by Contractor and/or its Subcontractors for the positioning, storage and/or transshipment of certain equipment and materials necessary for the performance of the Work.

"***Month N***" means the calendar month during which the Notice to Proceed Date occurs or a subsequent month, as applicable, during which Work is performed.

"***Month N+2***" has the meaning set forth in <u>Section 6.3.1</u>.

"***Monthly Progress Report***" has the meaning set forth in <u>Section 13.3</u>.

"***MTPA***" means million Tonnes of LNG per annum.

"***MW***" means one (1) megawatt or one million (1,000,000) watts.

"***Non-Reimbursable Costs***" has the meaning set forth in <u>Exhibit B-1</u>.

"***Notice***" means a written communication from one Party to another Party required or permitted by this Agreement, conforming to the requirements of <u>Article 38</u>.

"***Notice of Contract***" has the meaning set forth in <u>Section 3.8.57</u>.

"***Notice of Dispute***" has the meaning set forth in <u>Section 36.1.1</u>.

"***Notice to Proceed***" has the meaning set forth in <u>Section 4.1.1</u>.

"***Notice to Proceed Date***" has the meaning set forth in <u>Section 4.1.1</u>.

"***NRU EPF***" means that certain Engineering, Procurement, and Fabrication Agreement for the Nitrogen Recovery Units dated as of December 20, 2024 between Owner and Linde Engineering North America.

"***OSHA***" has the meaning set forth in <u>Section 11.1</u>.

"***Owner***" has the meaning set forth in the introductory paragraph hereof, and includes its legal successors and those permitted assigns as may be designated by Owner, in writing, pursuant to the terms of this Agreement.

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"***Owner Caused Delay***" means any delay in the performance and completion of the Work by the Applicable Deadline that is directly and demonstrably caused by an act, omission or failure by Owner, Owner Contractors or any party for whom Owner is responsible hereunder, to perform its obligations hereunder, including as a result of: (i) the failure of Owner to obtain a Permit that Owner is required to obtain hereunder; (ii) the failure of the Owner Furnished Equipment and Materials to perform in accordance with the requirements of the Owner Contract(s) (including as a result of defects or deficiencies in the Owner Furnished Equipment and Materials) pursuant to which such Owner Furnished Equipment and Materials were purchased by Owner; (iii) the failure by Owner to perform the Owner Scope of Work, including the supply of the Owner Furnished Equipment and Materials, on the agreed schedule therefor; (iv) the failure of BH to declare "Ready for Test" (as that term is defined in the LTS PO) in relation to the liquefaction trains comprising any LNG Production System within [\*\*\*] days of Contractor achieving LNG Production System RFSU in respect of such LNG Production System, as described in <u>Section 18.2.1</u> (a "***BH Testing Delay***"); (v) the failure of an Owner Contractor to timely perform its obligations under its respective Owner Contract(s); or (vi) failure by Owner (in its capacity under the Phase 1 Agreement), or any party for which it has responsibility under the Phase 1 Agreement (excluding Contractor in its capacity under the Phase 1 Agreement), under the Phase 1 Agreement to timely perform its obligations that demonstrably and adversely affects Contractor's ability to timely perform the Work in accordance with the Project Schedule under this Agreement (except to the extent such affects are addressed through a change order under the Phase 1 Agreement); *provided*, *however*, notwithstanding the foregoing, "***Owner Caused Delay***" does not include: (a) any act or omission (except as to item (iv) above) that is permitted under, and is taken or caused in accordance with, the terms of this Agreement; (b) any act or omission of Owner acting under or in accordance with any written instructions from Contractor or the Contractor's Representative; or (c) any act, omission or failure by Owner, Owner Contractors or any party for whom Owner is responsible that does not actually, demonstrably and adversely affect the Critical Path (except with respect to (iv) above, in which case Contractor is entitled to a day for day extension as described in <u>Section 12.1.1</u>).

"***Owner Contractor***" means any party to an Owner Contract (other than Owner), and their subcontractors of any tier.

"***Owner Contracts***" has the meaning provided in <u>Exhibit W</u>, as such <u>Exhibit W</u> may be updated by Owner from time to time.

"***Owner Designees***" means the Independent Engineer, Owner's Representative, any Affiliate of Owner so designated in writing by Owner and all other consultants, contractors, agents or representatives Owner or its Affiliate employs or appoints in connection with the performance of Owner's rights and obligations under this Agreement.

"***Owner Furnished Equipment and Materials***" means the equipment, materials or components of the Facility that are to be furnished or procured by Owner or the Owner Contractors under the Owner Contracts as part of the Owner Scope of Work.

"***Owner Indemnitees***" means Owner, Owner's Representatives, the Lenders, the Independent Engineer and all Affiliates, officers, directors, employees and agents thereof.

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"***Owner Protocols***" means the protocols for the operation of the Facility during the period commencing on the LNG Production System Substantial Completion Date for the first LNG Production System to achieve LNG Production System Substantial Completion and ending on the Facility Substantial Completion Date, as described in <u>Exhibit T</u>.

"***Owner Scope of Work***" means the services and other activities performed by or on behalf of Owner that are specifically identified as the "Owner Scope of Work" in <u>Exhibit A</u>.

"***Owner Standards***" unless otherwise specified in <u>Exhibit A</u>, means those sound and prudent practices, methods, specifications or standards of design, engineering, construction, performance, safety, workmanship, equipment and components prudently and generally engaged in or observed by the majority of the professional engineering and construction contractors in the LNG and electric power industry in the United States of America for similar types of LNG export and liquefaction facilities and power generation facilities that at a particular time, in the exercise of reasonable judgment, would have been expected to accomplish the desired result in a manner consistent with applicable Laws, Applicable Codes and Standards, Permits, reliability, health and safety, environmental protection and local conditions and to maximize the LNG production of the Facility, but such standards are not limited to the best or optimum practice or method to the exclusion of all others. Without limiting the foregoing, the Facility or any portion thereof or any technical specifications shall not be required to meet any specifications less or more stringent than the specifications set forth herein. Owner Standards are not intended to be limited to the optimum practices, methods, or standards to the exclusion of all others, but rather to be a spectrum of reasonable and prudent practices, methods, and standards employed by firms in the engineering and construction industry familiar with building comparable facilities on the Gulf Coast of the United States of America.

"***Owner's Representative***" means Owner's employee or representative designated by Owner pursuant to <u>Section 3.7.3</u>.

"***Parties***" means Owner and Contractor collectively, and "***Party***" means Owner or Contractor, individually, as applicable.

"***Payment Bond***" means the Payment Bond described in <u>Section 9.2.3</u>.

"***Performance and Payment Bonds***" has the meaning set forth in <u>Section 9.2.1</u>.

"***Performance Bond***" means the Performance Bond described in <u>Section 9.2.2</u>.

"***Performance Security***" means the security provided by Contractor to Owner in the form of the (a) Performance and Payment Bonds, and (b) the Contractor Guarantee.

"***Performance Tests***" has the meaning set forth in <u>Exhibit R</u>.

"***Permit***" means any authorization, consent, approval, license, ruling, permit, exemption, filing, variance, order, judgment, decree, publication, condition, notice to, declaration or registration of or with or regulation by or of any Government Authority relating to the

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acquisition, ownership, occupation, construction, Pre-Commissioning, Commissioning, testing, operation or maintenance of the Facility.

"***Permitted Liens***" means materialmen's, mechanics', workers', repairmen's, employees' or other similar liens filed by a Subcontractor arising in the ordinary course of business for amounts not yet due or for amounts being contested in good faith, so long as, in the case of any such contest, (a) Contractor shall have posted or provided to Owner a letter of credit, bond (in form and substance acceptable to Owner) or other security reasonably satisfactory to Owner and the Independent Engineer in an amount equal to such contested lien, and (b) such proceedings in Owner's reasonable judgment shall not involve any danger of the sale, forfeiture or loss of any part of the Facility, title thereto or any interest therein and shall not interfere with the timely completion, use or disposition of the Facility.

"***Person***" means an individual, a corporation, a limited liability company, an unincorporated organization, a partnership, a joint venture, an association, a trust or any other entity or organization, including a Government Authority.

"***Phase 1 Agreement***" means that certain Amended and Restated Engineering, Procurement and Construction Agreement dated June 13, 2025 between Owner and Contractor.

"***Phase 1 Facility***" means the "Facility" as such term is defined in the Phase 1 Agreement.

"***Pipeline and Gas Gate Station PO***" means the Construction Agreement for the CP Express Pipeline.

"***Pipeline Contractor***" means the Person engaged to engineer, procure and construct the CP Express Pipeline.

"***Pipeline Tie Point(s)***" means the point(s) where the systems of the Facility are interconnected with the CP Express Pipeline, as more specifically described in <u>Exhibit A</u>.

"***PIS PO***" means the Purchase Order Contract for the Sale of the Power Island System dated as of September 30, 2024 as amended between Owner and BH.

"***Power Island System***" means the facilities described in <u>Section 3.7</u> of <u>Exhibit A</u>.

"***Power Plant***" means (i) two (2) [\*\*\*] Gas Turbines and associated generators, two (2) [\*\*\*] steam turbines and associated generators, five (5) HRSG's [\*\*\*], two (2) air-cooled condensers, (ii) three (3) previously installed, [\*\*\*] Gas Turbines and associated generators relating to LPS4; and (iii) the associated pumps, piping, valves, instrumentation, electrical systems, and control systems, including any required auxiliary or ancillary equipment, as more specifically described in <u>Exhibit A</u>.

"***Pre-Commissioning***" means the checks, tests and calibrations set forth in <u>Exhibit P</u> and required to be performed as part of the Work prior to performing the Commissioning of an LNG

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Production System, including all applicable safety related and utility components being placed in service and made operational, completion of all function testing/static commissioning activities that do not involve the introduction of hydrocarbons into systems, such as loop checks, operating control and emergency actuated valves, panel function tests, energizing electrical equipment and running motors without loads, all carried out on a single discipline basis, typically by system/subsystem, and the completion of all 'A' and 'B' inspection and test records and agreed punch lists.

"***Pre-Existing Hazardous Substance***" means a Hazardous Substance that existed or was present on, at or under the Job Site on or before the Notice to Proceed Date.

"***Pre-Treatment System***" means an acid gas treating, dehydration and regeneration system, and heavy hydrocarbon removal system, as further described in <u>Exhibit A</u>.

"***Primary Milestone***" means a Schedule Milestone identified as a Primary Milestone in <u>Exhibit D</u>, <u>Appendix 2</u>.

"***Project Schedule***" means the schedule for the performance of the Work developed, delivered and maintained in accordance with <u>Exhibits D</u> and <u>E</u>.

"***Punch List Items***" means those minor items of the Work identified by Owner or Contractor as requiring completion or correction prior to Final Completion, which items do not affect the performance or safe and continuous operation of an LNG Production System or the Facility.

"***Qualified Surety***" means a U.S. bank, insurance company, or other financial institution which is rated at least "A" by Standard & Poor's Ratings Group, Inc. (or a comparable rating from another internationally recognized ratings agency).

"***Quality Management Plan***" has the meaning set forth in <u>Section 10.1</u>.

"***Ready for Commissioning Certificate***" means the certificate provided to Owner by Contractor<u>,</u> after LNG Production System Mechanical Completion and completion of Pre-Commissioning of an LNG Production System, certifying that such LNG Production System is ready for Commissioning.

"***Reimbursable Costs***" means Direct Costs that are reimbursable to Contractor, as described in <u>Exhibit B-1</u>.

"***Reimbursable Work***" means the Work, including the Corrective Work.

"***Release***" means any emission, spill, seepage, leak, escape, leaching, discharge, injection, pumping, pouring, emptying, dumping, disposal, migration, or release of Hazardous Substances from any source into or upon the indoor or outdoor environment.

"***Relied Upon Information***" has the meaning set forth in <u>Exhibit M</u>.

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"***Representatives***" means, with respect to a Party, such Party's Affiliates, directors, officers, and employees.

"***Request for Payment***" means the Contractor's monthly submission to Owner of all documentation and materials required by <u>Section 6.2</u> requesting payment, which request for payment shall be in the form provided in <u>Exhibit F-7</u>.

"***Schedule Bonus***" means an Interim Milestone Bonus, a Primary Milestone Bonus or a Super Primary Milestone Bonus, as applicable.

"***Schedule Milestone***" means an event to be achieved by Contractor, as described in <u>Exhibit D</u>, <u>Appendix 2</u>.

"***SDN***" has the meaning set forth in <u>Section 40.1.1</u>.

***"Senior Supervisory Personnel"*** means Contractor's project director, project engineering manager, project construction manager and other Contractor personnel identified in <u>Exhibit K</u>.

"***Serial Defect***" has the meaning set forth in <u>Section 20.2.6</u>.

"***Severe Injury***" means an injury or accident that requires, or is reasonably likely to require, a formal admission to a hospital or clinic for care or treatment, excluding treatment solely in an urgent care center.

"***Shipping Information***" has the meaning set forth in <u>Section 3.10</u>.

"***Spare Parts***" has the meaning set forth in <u>Section 3.9.1</u>.

"***Storm Surge Wall***" means the facilities described in <u>Section 3.6</u> of <u>Exhibit A</u>.

"***Subcontract***" means an agreement (including a purchase order) (a) by Contractor with a Subcontractor for the supply of any equipment or materials or the performance of any portion of the Work or (b) by a Subcontractor with a lower tier of Subcontractor for the supply of any equipment or materials or the performance of any portion of the Work.

"***Subcontractor***" means any Person (other than Contractor) that performs any portion of the Work, whether hired directly by Contractor, or by a Person hired by Contractor and including every tier of Subcontractor, sub-subcontractors, vendors, suppliers and so forth.

"***Super Primary Milestone***" means a Schedule Milestone identified as a Super Primary Milestone in <u>Exhibit D</u>, <u>Appendix 2</u>.

"***Surplus Construction Materials***" has the meaning set forth in <u>Section 3.8.16</u>.

"***Suspension Notice***" means a notice of suspension provided by Owner to Contractor in accordance with <u>Section 17.1.1</u> or <u>17.1.2</u>.

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"***Suspension Period***" has the meaning set forth in <u>Section 17.1.1</u>.

"***System Turnover Package***" means those binders defined by the individual system process and instrument diagrams (P&ID) and electrical single line diagrams in which Contractor compiles all relevant quality assurance and quality control test results which show that the system and its components were installed and tested in full conformance with the design drawings, vendor requirements, Owner Standards and this Agreement.

"***Tank Three***" means the LNG Storage Tank so identified on the plot plan provided in <u>Exhibit A</u>.

"***Tank Four***" means the LNG Storage Tank so identified on the plot plan provided in <u>Exhibit A</u>.

"***Target Price***" has the meaning set forth in <u>Section 6.1.1.</u>

"***Tax***" means any present or future tax (including any stamp duty, income, payroll, sales, use, value added, consumption or goods and services tax), tariff, levy, impost, duty, charge, fee, deduction or withholding of whatever nature, including any such income tax, payroll tax, value added tax, sales tax, stamp tax, customs duty, import duty, export duty, withholding tax, excise tax, property tax, registration fee or license, water tax, sanitary tax, lighting tax or environmental, energy or fuel tax, which is levied, collected, assessed or imposed by a Government Authority at any time, and any interest, penalty, charge, fee or other amount imposed, collected, withheld, assessed or made on or in respect of any of the above.

"***Tax Costs***" means any sales tax or sales and use tax levied by any U.S. state or any political subdivision thereof that is incurred by Contractor in the performance of the Work.

"***Third Party***" means any party other than an Owner Indemnitee or a Contractor Indemnitee.

"***Tonne***" means metric ton and is defined as 2,204.6 lbs.

"***Treated Gas***" means natural gas that has been treated (through removal of compounds or otherwise) for quality to make it suitable for feed into a Liquefaction Train.

"***U.S.***" has the meaning set forth in <u>Section 40.3.1</u>.

"***UOP***" means UOP LLC or any of its Affiliates.

"***Warranties***" has the meaning set forth in <u>Section 20.2.7</u>.

"***Warranty Period***" means the period that commences on the relevant LNG Production System Substantial Completion Date and ends [\*\*\*] after the Facility Substantial Completion Date, subject to any extension thereof pursuant to <u>Sections 20.2.6</u> and <u>20.4</u>.

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"***Work***" means all acts or actions required to be performed by Contractor and its Subcontractors under this Agreement, or necessary for Contractor to complete its obligations hereunder, including the integration of Owner Furnished Equipment and Materials and the design and engineering (including verification of the integration design for purpose of confirming the Facility Performance Tests requirements and undertaking of a debottlenecking or plant integration constraint study of the Facility for the purpose of maximizing the performance of the Facility, and such other studies, as applicable, described in <u>Exhibit A</u> or as Owner may reasonably request, and implementing the recommendations of such studies), procurement, manufacturing, preservation, packing and transportation, construction, erection, and supporting Owner with the Pre-Commissioning, Commissioning, start-up, training, testing, operation, and guaranteeing of the Facility in accordance with <u>Article 15</u>, whether at the Job Site or elsewhere, until Final Completion and satisfaction of Contractor's warranty obligations during the Warranty Period, as more fully described in <u>Exhibit A</u> and this Agreement, and such other acts as may be necessary to provide Owner with a fully operational and integrated Facility which successfully passes the Performance Tests, meets or exceeds the Owner Standards and otherwise satisfies the conditions set forth herein. The term "<u>Work</u>" shall also include providing support to Owner with respect to the security of the Job Site and construction management services relating to the scheduling and coordination of the work and services performed by the Owner Contractors under the Owner Contracts and the administration of the performance by each Owner Contractor of its obligations of the relevant Owner Contract(s). Notwithstanding the foregoing, the term "<u>Work</u>" shall not include: (i) the supply or performance (except as it relates to integration) of the Owner Furnished Equipment and Materials; (ii) the performance of the Owner Scope of Work; or (iii) any other obligation of Owner specifically described herein.

**2.&nbsp;&nbsp;&nbsp;&nbsp;AGREEMENT; EXHIBITS; CONFLICTS.**

**2.1&nbsp;&nbsp;&nbsp;&nbsp;LANGUAGE OF AGREEMENT.**

This Agreement and all documentation to be supplied hereunder (including the operation and maintenance manuals which Contractor provides to Owner pursuant to <u>Section 3.8.6</u> as well as all warranties provided hereunder) shall be in the English language. All dimensions and properties set forth herein, any Exhibit hereto and any Drawings and Specifications shall be specified in English or U.S. customary units unless otherwise approved by Owner or agreed with Owner as a normal practice with respect to LNG liquefaction facility or power plant design. Words not otherwise defined herein that have well-known and generally accepted technical or trade meanings are used herein in accordance with such recognized meanings in the United States of America.

**2.2&nbsp;&nbsp;&nbsp;&nbsp;PRECEDENCE OF AGREEMENT.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.1&nbsp;&nbsp;&nbsp;&nbsp;Each Party shall promptly notify the other in writing of any discovered conflict or inconsistency among any of the Exhibits or between any Exhibit and the body of this Agreement. In the event of any conflict between provisions of Sections of this Agreement, Drawings and Specifications and Exhibits, the following order of precedence for construction and interpretation shall apply unless the Parties otherwise agree:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;amendments, addenda or other modifications to this Agreement (including Change Orders) duly signed and issued after the Effective Date, with those of a later date having precedence over those of an earlier date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;Sections of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;Exhibit R – Demonstration Tests and Performance Tests;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibit C – Contractor Rates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;Exhibit B – Compensation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;Exhibit D – Form of Project Schedule and Milestones;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;Exhibit A – Scope of Work; Applicable Codes and Standards;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;&nbsp;the remaining Exhibits to this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;Drawings and Specifications.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.2&nbsp;&nbsp;&nbsp;&nbsp;Subject to <u>Section 2.2.1</u>, in the event of a conflict among or within any of the levels set forth in <u>Section 2.2.1</u>, the more stringent provision shall prevail. Notwithstanding the above, the provisions of this Agreement, including all Exhibits, shall be wherever possible construed as complementary rather than conflicting. Silence regarding a matter shall not constitute a conflict with another component of the Agreement that specifically addresses such matter.

**2.3&nbsp;&nbsp;&nbsp;&nbsp;INTERPRETATION.**

Unless the context otherwise requires:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.1&nbsp;&nbsp;&nbsp;&nbsp;Words singular and plural in number will be deemed to include the other and pronouns having a masculine or feminine gender will be deemed to include the other;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.2&nbsp;&nbsp;&nbsp;&nbsp;In respect of general oversight of the Work, review of any Drawings and Specifications, access to the Job Site and the Work and all other similar rights of Owner, the term Owner shall be deemed to include Owner's Representative and its designated staff;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.3&nbsp;&nbsp;&nbsp;&nbsp;Any reference to this Agreement or any other contract or agreement entered into by Owner in respect of the Facility means such agreement and all schedules, exhibits and attachments thereto as may be amended, supplemented or otherwise modified and in effect from time to time, and shall include a reference to any document which amends, modifies or supplements it, or is entered into, made or given pursuant to or in accordance with its terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.4&nbsp;&nbsp;&nbsp;&nbsp;The terms "hereof," "herein," "hereby," "hereto", "hereunder" and similar words refer to this entire Agreement and not any particular Section, subsection or other subdivision of, or Exhibit, appendix or schedule to, this Agreement;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.5&nbsp;&nbsp;&nbsp;&nbsp;The terms "include" and "including" shall be construed as being at all times followed by the words "without limitation" or "but not limited to" unless the context specifically indicates otherwise;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.6&nbsp;&nbsp;&nbsp;&nbsp;The words "as more fully described in" or words and phrases of similar meaning are not intended to be, nor should be construed to limit in any way, the obligations of Contractor to provide Owner with a fully operational Facility pursuant to the terms hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.7&nbsp;&nbsp;&nbsp;&nbsp;References to "Article," "Section" or "Exhibit" are to this Agreement unless specified otherwise;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.8&nbsp;&nbsp;&nbsp;&nbsp;References to Contractor's personnel include employees of its Affiliate assigned to the performance of the Work;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.9&nbsp;&nbsp;&nbsp;&nbsp;References to any law, statute, rule, regulation, notification or statutory provision (including Laws and Permits) shall be construed as a reference to the same as it may have been, or may from time to time be, amended, modified or re-enacted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.10&nbsp;&nbsp;&nbsp;&nbsp;References to any Person shall be construed as a reference to such Person's successors and permitted assigns; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.11&nbsp;&nbsp;&nbsp;&nbsp;The word "or" will have the inclusive meaning represented by the phrase "and/or".

**2.4&nbsp;&nbsp;&nbsp;&nbsp;NEGOTIATION AND DOCUMENTATION OF THIS AGREEMENT.**

Each of the Parties acknowledges and agrees that it has had the opportunity to have its legal counsel review this Agreement and participate in the joint negotiation and documentation of this Agreement, and that it is fully familiar with each of the provisions of this Agreement and the effect thereof. Accordingly, each Party irrevocably waives the benefit of any rule of construction that disfavors the drafting party and any defense related thereto.

**3.&nbsp;&nbsp;&nbsp;&nbsp;GENERAL PROVISIONS.**

**3.1&nbsp;&nbsp;&nbsp;&nbsp;WORK TO BE PERFORMED.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.1&nbsp;&nbsp;&nbsp;&nbsp;Owner hereby engages and is relying upon Contractor to perform the Work in accordance with <u>Exhibit A</u> and the other requirements of this Agreement, and Contractor acknowledges such reliance and accepts such engagement. Owner and Contractor agree, despite anything to the contrary contained herein, that Contractor's obligation under this Agreement is to complete the Work so that the Facility successfully passes the Performance Tests and meets or exceeds the requirements set forth in <u>Exhibit A</u>, Owner Standards and the other provisions of this Agreement, including achieving Facility Mechanical Completion, Facility Substantial Completion, and Final Completion within the time and for the purpose designated herein, and to do and furnish everything necessary in connection therewith.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.2&nbsp;&nbsp;&nbsp;&nbsp;Prior to the execution of this Agreement, Contractor performed engineering, cost estimating and related services and developed, provided or verified all of the information that forms the scope of Work set forth in <u>Exhibit A</u> for the purpose of verifying that such information is adequate for, and Contractor represents and warrants to Owner that the scope of Work set forth in <u>Exhibit A</u> includes all the necessary obligations, including integration, as applicable, that are required to be performed by Contractor and Owner in order for, the Facility to operate in accordance with the terms of this Agreement and to satisfy the Applicable Codes and Standards, applicable Laws, Owner Standards and Permits and successfully pass the Performance Tests and meet or exceed the requirements set forth in <u>Exhibit A</u>. Items need not be specifically listed herein or in <u>Exhibit A</u> in order to be deemed to be items within the scope of the Work. It is understood that Contractor is better qualified to list exclusions than Owner is to list inclusions. Therefore, except for the supply of Owner Furnished Equipment and Materials and performance of the Owner Scope of Work, any item indicated herein, inferable therefrom, incidental thereto or required in accordance with any Law, Permits or Applicable Codes and Standards is to be considered as part of the Work. In addition, the Work includes all that should be included and all that would be customarily included within the general scope of the Work in order to complete the Facility (excluding the supply of Owner Furnished Equipment and Materials and performance of the Owner Scope of Work) according to the requirements of this Agreement, including Applicable Codes and Standards, applicable Laws, the requirements for the Performance Tests and the Permits. As a result, Contractor hereby waives any and all claims for an increase in the Target Price or an extension of any Applicable Deadline based, in whole or in part, upon an assertion that Contractor's scope of Work in <u>Exhibit A</u> and as otherwise provided in the Exhibits was insufficient and did not include a certain license, technical assistance, engineering, assembly, construction, service, labor, material, equipment, operation or management beyond the scope of the Work when such license, technical assistance, engineering, assembly, construction, service, labor, material, equipment, operation or management is indicated in <u>Exhibit A</u>, this Agreement or any other Exhibit, the Drawings and Specifications or other instruments of service prepared by Contractor or a Subcontractor in connection with this Agreement reasonably inferable therefrom, incidental thereto, required in accordance with any Applicable Codes and Standards, applicable Law, Permits or otherwise necessary in order to complete the Facility in accordance with and subject to the requirements of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.3&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any provision to the contrary herein, Contractor shall use commercially reasonable efforts to progress the Work in accordance with the Project Schedule but does not guarantee timely achievement of the Project Schedule. Without prejudice to <u>Article 31</u>, Contractor's sole damages for delays or late completion shall be through the loss or forfeiture of Schedule Bonuses as provided in <u>Article 7</u>.

**3.2&nbsp;&nbsp;&nbsp;&nbsp;GENERAL OVERSIGHT AND ACCESS.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2.1&nbsp;&nbsp;&nbsp;&nbsp;Owner and the Owner Designees shall at all times have access to the Job Site and the Work wherever it is in preparation and progress and Contractor shall provide reasonable facilities for such access. Owner and the Owner Designees shall comply with the Contractor's reasonable safety and access procedures. Each of Owner and the Owner Designees may (a) make inquiries of Contractor and visit the Job Site and Contractor's work facilities, and/or (b)

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maintain staff on the Job Site, in each case, to (i) familiarize itself with the progress and quality of the Work, (ii) determine if the Work is proceeding in accordance with this Agreement, and (iii) witness and/or participate in Pre-Commissioning and Commissioning and any tests (including the Performance Tests) and inspections of the Materials and any other component of the Facility.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2.2&nbsp;&nbsp;&nbsp;&nbsp;Subject to the limitations of the immediately following sentence, Owner Contractors and the Pipeline Contractor shall at all times have access to the entire Job Site and the Work wherever it is in preparation and progress, and Contractor shall provide reasonable facilities for such access. Owner Contractors and the Pipeline Contractor shall comply with the Contractor's reasonable safety and access procedures for access to and when present on the Job Site.

**3.3&nbsp;&nbsp;&nbsp;&nbsp;JOB SITE CONDITIONS.**

Except as otherwise provided herein, Contractor has had sufficient opportunity to review (a) information provided to it by Owner as set forth in <u>Exhibit M</u> and <u>Exhibit N,</u> and (b) the information it has developed on its own (excluding sub-surface testing but including information learned by Contractor under the Phase 1 Agreement), and it is sufficiently informed about the Job Site and surrounding locations, including all visible surface conditions, to the full extent it deems necessary for the performance of the Work and is familiar with and has satisfied itself with respect to (i) the nature and location of the Work, and (ii) the general and local conditions with respect to (A) environment, (B) transportation (including to the Job Site and within the Job Site), (C) access, (D) the use, handling, storage and disposal of Hazardous Substances and other wastes brought to the Job Site by Contractor or any Subcontractor, (E) the use, handling and storage of Materials, (F) the availability and quality of temporary construction electric power, (G) the availability and condition of roads, climatic conditions and seasons (except to the extent any such climatic conditions constitutes a Force Majeure Event), (H) physical and environmental conditions at the Job Site and the surrounding area as a whole, (I) topography and ground surface conditions, (J) nature and quantity of surface materials to be encountered, (K) location of underground utilities existing prior to the Effective Date which were (1) disclosed to Contractor by Owner in writing in <u>Exhibit M</u> or <u>Exhibit N</u>, or (2) identified by Contractor (or any Affiliate thereof) under this Agreement or under the Phase 1 Agreement, (L) construction equipment, and other equipment, supplies and facilities needed prior to and during performance of Contractor's obligations under this Agreement, and (M) the availability and quality of workers, laborers and Subcontractors (the foregoing, collectively, the "***Job Site Conditions***"). Contractor expressly waives any claims for any increase in the Target Price or adjustment to the Project Schedule in connection with the Job Site Conditions.

**3.4&nbsp;&nbsp;&nbsp;&nbsp;OWNER NOT RESPONSIBLE FOR ACTS OF CONTRACTOR; CONTRACTOR NOT RESPONSIBLE FOR OWNER SCOPE OF WORK.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4.1&nbsp;&nbsp;&nbsp;&nbsp;Other than with respect to means, methods, sequences, procedures and techniques of construction (for which Contractor shall have sole responsibility), Contractor will comply with instructions and requests of Owner or Owner's Representative which are consistent with the Work and the requirements set forth in <u>Exhibit A</u>; *provided that* Contractor will comply with

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technical instructions and requests of BH, UOP, and other Owner Contractors supplying Owner Furnished Equipment and Materials in connection with the unloading, transport, installation, connection, start-up, commissioning and operation of any Owner Furnished Equipment and Materials supplied by BH, UOP, or other Owner Contractors. Owner will not be responsible for construction or manufacturing means, methods, techniques, sequences or procedures, or for safety precautions and programs in connection with the Work, and Owner will not be responsible for Contractor's failure to carry out the Work in accordance with this Agreement. Owner will not be responsible for the acts or omissions of Contractor, any Subcontractor, or any of their agents or employees, or any other Persons performing any of the Work on behalf of Contractor or any Subcontractor. No inspection, or failure to inspect, by Owner, Owner's Representative or the Independent Engineer shall be a waiver of Contractor's obligations, or be construed as approval or acceptance of the Work or any part thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4.2&nbsp;&nbsp;&nbsp;&nbsp; Except and solely to the extent set forth in <u>Exhibit A</u>, Contractor will not be responsible for construction or manufacturing means, methods, techniques, sequences or procedures, or for safety precautions and programs in connection with the Owner Scope of Work or the CP Express Pipeline, and Contractor will not be responsible for Owner's or any Owner Contractor's failure to carry out the Owner Scope of Work, the supply or performance of the Owner Furnished Equipment and Materials (except to the extent expressly identified as part of the Work) or the Pipeline Contractor failure to construct the CP Express Pipeline. Contractor will not be responsible for the acts or omissions of Owner, any Owner Contractor, the Pipeline Contractor, or any of their agents or employees, or any other Persons performing any of the Owner Scope of Work.

**3.5&nbsp;&nbsp;&nbsp;&nbsp;EFFECT OF AND TIME FOR OWNER REVIEW OF DOCUMENTS.**

Inspection, review or comment by Owner or the Independent Engineer (or the failure to do so) with respect to any Subcontract, Drawings and Specifications or other documents, or any other Work or services performed by Contractor or any Subcontractor, shall not in any way affect or reduce any of the Contractor's obligations to complete the Work so that the Facility successfully passes the Performance Tests and meets or exceeds the requirements set forth in <u>Exhibit A</u>, Owner Standards and the other provisions of this Agreement or in any way affect the Target Price. Contractor shall prepare Drawings and Specifications and submit them to Owner and the Independent Engineer at least thirty (30) days before the date on which the Work described in them is to be performed. Upon the written request of the Owner, Contractor shall provide to the Owner any information reasonably requested in connection with the Drawings and Specifications. Owner may, but is not obligated to, have the Independent Engineer review the Drawings and Specifications submitted by Contractor. Contractor shall discuss and answer any inquiries concerning the Drawings and Specifications with Owner or the Independent Engineer. Owner may reject or amend the Drawings and Specifications that are not in accordance with the requirements set forth in <u>Exhibit A</u>, Owner Standards and the other provisions of this Agreement. Owner and Independent Engineer shall review and comment on Drawings and Specifications submitted for review within twenty-one (21) days of their submittal. In the event that Owner and/or Independent Engineer do not reject or provide comments within twenty-one (21) days of their submittal, then Contractor shall be permitted to proceed with the Work that relates to such

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submittal until such time as Owner and/or Independent Engineer reject or provide comments, and such late rejection or comments may be considered an Owner Caused Delay (so long as it satisfies the definition thereof) as measured from the twenty-first day after receipt of the submittal unless the rejected submittal did not comply with the requirements of the Agreement.

**3.6&nbsp;&nbsp;&nbsp;&nbsp;CLAIMS UPON FAILURE OF MATERIAL.**

In accepting the Work performed and Materials supplied, assembled or installed by Contractor, Owner assumes no responsibility for injury or claims resulting from (a) failure of such Work and Materials to comply with applicable Laws, Permits, safety requirements, Applicable Codes and Standards and Owner Standards, (b) Contractor's failure to unload, transport or integrate all Owner Furnished Equipment and Materials in accordance with applicable Laws, Permits, safety requirements, Applicable Codes and Standards, Owner Standards, Owner instructions and Owner Contractor instructions (*provided that* the Owner Standards, Owner instructions and Owner Contractor instructions are consistent with applicable Laws, Permits, safety requirements, and Applicable Codes and Standards), (c) Defects or Deficiencies (other than Owner's obligation hereunder to pay the Reimbursable Costs and Contractor's G&A associated with Defects or Deficiencies) or (d) Corrective Work. Contractor's performance of the Work shall include the provision of all necessary permanent safety devices in accordance with the terms hereof, Owner Standards and as required by Government Authority or applicable safety codes.

**3.7&nbsp;&nbsp;&nbsp;&nbsp;RESPONSIBILITIES OF OWNER.**

Without limiting the requirements of any other provision of this Agreement, Owner shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7.1&nbsp;&nbsp;&nbsp;&nbsp;furnish nonexclusive access to the Job Site to Contractor from and after the time of the issuance of the Notice to Proceed or, if expressly authorized in the Limited Notice to Proceed, the time of issuance of the Limited Notice to Proceed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7.2&nbsp;&nbsp;&nbsp;&nbsp;provide legal rights for ingress to and egress from the Job Site for Contractor and its Subcontractors for the performance of the Work and for the Owner Contractors and the Pipeline Contractor, consistent with Owner's property rights with respect to the Job Site. During the progress of the Work, it will be necessary for Owner and Owner Contractors to work in or about the Job Site. In accordance with <u>Section 3.2.2</u>, Contractor shall afford such Owner Contractors reasonable access through and across the Job Site so as to not materially adversely interfere with or impede the progress and execution of work performed by such Owner Contractors in or about the Job Site. Contractor shall exercise good faith cooperation with the Owner Contractors and the Pipeline Contractor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7.3&nbsp;&nbsp;&nbsp;&nbsp;designate a single individual as Owner's Representative to act as a single point of contact for Contractor, Owner Contractors and the Pipeline Contractor with respect to the prosecution of the Work. Any proposal, inspection, examination, testing, consent, approval or similar act by Owner's Representative (including absence of disapproval) shall not relieve Contractor from any responsibility, including responsibility for its errors, omissions, discrepancies and non-compliance with the terms of this Agreement. Owner shall have the right

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to change the Owner's Representative and/or modify his/her scope of responsibilities upon reasonable notice to Contractor. The Owner's Representative shall be available at the Job Site and elsewhere, when reasonably required, at all reasonable times for consultation and, if absent, shall designate a suitable alternate to act as Owner's Representative during such absence;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7.4&nbsp;&nbsp;&nbsp;&nbsp;furnish personnel in accordance with <u>Exhibit G</u> for training, testing, operation and maintenance of the Facility, which personnel shall possess experience and education qualifications which in Owner's determination are appropriate to permit achievement of the training objective;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7.5&nbsp;&nbsp;&nbsp;&nbsp;with Contractor's assistance, obtain or cause to be obtained in a timely manner the Permits listed in <u>Exhibit L</u> that are identified as Owner Permits (excluding for the avoidance of doubt the Permits set forth in <u>Exhibit L</u> that are identified as Contractor Permits) and any other Permit required under applicable Law to be obtained by it in connection with the operation of the Facility. Upon receipt of any such Permit, Owner shall promptly provide a copy of such Permit to Contractor. In addition, Owner shall cooperate with Contractor in obtaining any Permit required to be obtained by Contractor in the performance of the Work. Contractor shall provide information reasonably requested by Owner to support Owner's prosecution of any pending application listed in <u>Exhibit L</u> in respect to the Work and shall perform the Work in compliance with all of the terms and conditions of each of the foregoing Permits. Following Owner's request, Contractor, on behalf of either Owner or itself, shall timely prepare and file all progress and other reports and any amendments as may be required by or in connection with said Permits and shall otherwise coordinate with any relevant Government Authority as requested by Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7.6&nbsp;&nbsp;&nbsp;&nbsp;obtain, provide and pay for the supply of Feed Gas in accordance with <u>Exhibit A</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7.7&nbsp;&nbsp;&nbsp;&nbsp;supply and, except as otherwise required in <u>Exhibit A</u>, deliver or cause to be delivered to the Job Site or a MOF Facility, as applicable, all of the Owner Furnished Equipment and Materials to be incorporated into the Work, require Owner Contractors to comply with Contractor's instructions and reasonable requests in support of the Work at the Job Site that do not conflict with an Owner Contract, and perform or cause to be performed the Owner Scope of Work, in each case, in accordance with the requirements set forth in <u>Exhibit A</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7.8&nbsp;&nbsp;&nbsp;&nbsp;during the period commencing on the LPS5 Substantial Completion Date and ending upon the Facility Substantial Completion Date, operate and maintain each LNG Production System Handover Package;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7.9&nbsp;&nbsp;&nbsp;&nbsp;obtain and maintain the insurance set forth in <u>Section 26.3</u>; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7.10 &nbsp;&nbsp;&nbsp;&nbsp;provide and pay for the Job Site security services.

**3.8&nbsp;&nbsp;&nbsp;&nbsp;RESPONSIBILITIES OF CONTRACTOR.**

Without limiting the requirements of any other provision of this Agreement, Contractor shall:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.1&nbsp;&nbsp;&nbsp;&nbsp;prosecute the Work continuously and diligently in accordance with Owner Standards, all applicable Laws, Permits, Applicable Codes and Standards and in accordance with the Project Schedule, using only qualified and competent personnel, and complete the Work so that the Facility successfully passes the Performance Tests and meets or exceeds the requirements set forth in <u>Exhibit A</u>, Owner Standards and the provisions of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.2&nbsp;&nbsp;&nbsp;&nbsp;ensure that all labor performing at the Job Site will be properly tooled, fully trained and qualified to safely perform the Work in accordance with applicable Law, Permits and Owner Standards;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.3&nbsp;&nbsp;&nbsp;&nbsp;perform and furnish the Work, including designing, engineering, procuring, manufacturing, packing and transporting, constructing, warranting, supporting Owner in the Pre-Commissioning, Commissioning, testing and training of operating and maintenance personnel (including the personnel of Owner or its Affiliate) until Facility Substantial Completion, and guaranteeing performance of the Work in accordance with the terms hereof, so that the Facility (a) meets the requirements of all applicable Permits and applicable Laws, (b) meets the requirements of Owner's property rights with respect to the Job Site identified in <u>Exhibit N</u>, (c) successfully passes the Performance Tests and meets or exceeds the requirements set forth in <u>Exhibit A</u>, Owner Standards and the provisions of this Agreement, (d) meets the requirements of the Applicable Codes and Standards, (e) is safe and adequate for (i) the intended purpose set forth in this Agreement, and (ii) conditions of loading, conveying, storing, metering, liquefying and delivering Feed Gas and LNG, (f) can be operated in a manner consistent with the staffing levels specified in <u>Exhibit Q</u>, (g) is capable of complying with the Laws (including Environmental Laws) issued by any Government Authority or other applicable entities set forth in <u>Exhibit A</u> and <u>Exhibit L</u>, and (h) comprises Materials which are new, are reasonable to maintain, have proven durability to withstand climatic conditions that could reasonably be expected to be experienced at the Job Site, are designed and manufactured in accordance with the requirements set forth in <u>Exhibit A</u> and are assembled and installed in accordance with manufacturer's specifications and generally accepted standards for the design, manufacture, quality and assembly of such Materials;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.4&nbsp;&nbsp;&nbsp;&nbsp;obtain and maintain all Permits (including the Permits set forth in <u>Exhibit L</u> that are identified as Contractor Permits, but excluding the Permits set forth in <u>Exhibit L</u> that are identified as Owner Permits and any other Permits required for the Owner Scope of Work or required to be obtained in the name of an Owner Contractor) and authorizations from any Government Authority, and administer all such Permits and authorizations required for (a) the design, engineering and construction of the Facility (or any portion thereof), (b) the procurement, handling, supply, shipment, transportation, installation, erection, direction of procurement and testing of the Materials, (c) the installation or integration of the Owner Furnished Equipment and Materials, and (d) the performance of all the Work. Contractor shall provide prompt assistance, information and documentation (including copies of any drawings and design documents) required or requested by Owner for the Work to enable Owner to obtain or modify, or cause to be obtained or modified, the Permits set forth in <u>Exhibit L</u> that are identified as Owner Permits. Contractor shall give Notice to Owner of all conflicts between the requirements set forth herein including <u>Exhibit A</u> and any Laws or Permits that come to the attention of Contractor or with the

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exercise of reasonable care should have come to the attention of Contractor. Contractor shall assist Owner in obtaining and maintaining all Permits that Owner must obtain pursuant to the terms hereof, including (i) providing information requested by Owner or requested or required by any Government Authority in the possession of, or reasonably obtainable by, Contractor, and (ii) identifying for Owner any Permits that Owner has not obtained, but which Contractor has reason to believe, after due inquiry, must be obtained by Owner for the Contractor's performance of the Work and/or Owner's ownership or operation of the Facility. If Contractor performs any of the Work knowing, or when, with the exercise of due care, it should have known, it to be contrary to any such Laws or Permits, such costs shall be Non-Reimbursable Costs. Contractor will provide Owner a copy of its Louisiana Contractor's License and Louisiana Engineering Firm Registration prior to commencement of the Work;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.5&nbsp;&nbsp;&nbsp;&nbsp;take full responsibility for the adequacy, stability, cleanliness and safety of Contractor's (and Subcontractors') Job Site operations, of Contractor's (and Subcontractors') methods of construction and of the Work, irrespective of any approval or consent by Owner, Owner's Representative or the Independent Engineer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.6&nbsp;&nbsp;&nbsp;&nbsp;pay or cause to be paid the Taxes, insurance and bank charges incurred by Contractor or any Subcontractor arising from the performance of its duties under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.7&nbsp;&nbsp;&nbsp;&nbsp;have joint responsibility with Owner for coordination with Government Authorities, test laboratories and any other Person necessary to demonstrate the Facility's compliance with all Permits and Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.8&nbsp;&nbsp;&nbsp;&nbsp;be responsible for claims of Government Authorities, fines and penalties that may arise or be assessed (including those that Owner pays or becomes liable to pay) to the extent caused by Contractor's or any Subcontractor's noncompliance with or violation or Laws, Applicable Codes and Standards or Permits;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.9&nbsp;&nbsp;&nbsp;&nbsp;except as provided in <u>Section 3.7.6</u> or <u>Exhibit V</u>, obtain all consumables (including construction fuel, construction electricity, water and other utilities and the supply and fill of lubricants, resins, chemicals and the refill and top-off of such lubricants and chemicals following any Performance Tests and other consumables as provided in <u>Exhibit V</u>) necessary for Contractor's performance of the Work during the period from commencement of the Work through the Facility Substantial Completion Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.10&nbsp;&nbsp;&nbsp;&nbsp;obtain all internet access and telephone usage necessary for Contractor's performance of the Work during the period from commencement of the Work through the Facility Substantial Completion Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.11&nbsp;&nbsp;&nbsp;&nbsp;support Owner in determining sufficiently in advance the quantities of Feed Gas, in MMBtu, that will be required for each Day on which Commissioning activities and the Performance Tests in respect of each LNG Production System will be conducted as provided in <u>Exhibit A</u> and <u>Exhibit R</u>;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.12&nbsp;&nbsp;&nbsp;&nbsp;perform all Work necessary for the Feed Gas Interconnections specified in <u>Exhibit A</u> at the Facility and Pipeline Tie Point(s);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.13&nbsp;&nbsp;&nbsp;&nbsp;perform all Work to integrate and tie-in the Facility with the Phase 1 Facility and otherwise perform the obligations set forth in <u>Exhibit A</u> to complete Owner's liquefied natural gas export facility, comprised of the Facility and the Phase 1 Facility;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.14&nbsp;&nbsp;&nbsp;&nbsp;without limiting Owner's obligations under <u>Section 3.7.1</u>, (a) until the earlier of the Facility Substantial Completion Date or termination of this Agreement, be responsible for the management of the Job Site (including (i) any construction routes between the road used to access the Job Site and the Job Site and within the Job Site boundaries, (ii) coordination of Subcontractors' and Owner Contractors' activities and the management of all common areas within the Job Site so as to optimize Contractor's, Subcontractors', and Owner Contractors' performance, (iii) provide any signs or directions which they may consider necessary for the guidance of its staff, labor and others, and (iv) maintain the Job Site at all times free of waste material and rubbish), (b) upon the earlier of Final Completion or termination of this Agreement, clear the Job Site of temporary structures, surplus items (unless Owner requests such surplus items be left at the Job Site), construction equipment and tools, (c) until the earlier of the Facility Substantial Completion Date or termination of this Agreement, provide all reasonable and necessary safeguards, including fencing, signs, fire protection and the like, for the health, safety, security and protection of the Job Site, the Work and the Facility and of all Persons and property related thereto, and (d) until the earlier of the Facility Substantial Completion Date or termination of this Agreement, keep unauthorized Persons off of the Job Site and reconstruct, repair or replace Materials or property of Contractor which may be stolen or damaged by vandalism;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.15&nbsp;&nbsp;&nbsp;&nbsp;take all reasonable steps to protect the environment and to limit damage and nuisance to people and property resulting from pollution, construction noise and other results of the performance of the Work, and ensure that the Work and any Releases, including construction air emissions, surface discharges and effluent, from its performance of the Work shall be in compliance with all applicable Permits, Applicable Codes and Standards and Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.16&nbsp;&nbsp;&nbsp;&nbsp;within ninety (90) days following the earlier of (a) Facility Substantial Completion Date or (b) earlier termination of this Agreement as provided herein, (i) assist Owner in preparing an inventory of all Materials (wherever located), special tools, construction aids and all other Contractor or Subcontractor materials, equipment, supplies purchased and used in connection with the Work (the "***Surplus Construction Materials***"), and (ii) transfer, or cause the transfer, of possession and title to Owner of all Surplus Construction Materials that Owner elects to take possession of by Notice to Contractor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.17&nbsp;&nbsp;&nbsp;&nbsp;provide reports, information and data as will be necessary for Owner to maintain segregated accounts of the Work for Owner's records where required by Law or generally accepted accounting principles in the United States of America. Such segregation will include separate accounting for expenditures with respect to buildings, land improvements, engineering and project management, Materials, Feed Gas Interconnections, Permit costs and Taxes paid by Contractor;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.18&nbsp;&nbsp;&nbsp;&nbsp;grant to Owner sufficient audit rights with respect to all documentation pertaining thereto (excluding, in all cases, the make-up or composition of Contractor's rates, Contractor's lump sum pricing, unit prices, unit rates, fixed rates, fixed percentages, multipliers or any other form of fixed pricing). Owner shall have the right to choose an independent certified public accounting firm to act as auditor for such an audit and the reasonable cost of any audit will be borne by the Party whose position is not substantially supported by the results of such audit. Audit data shall not be released by such auditor to Persons other than Contractor, Owner, the Independent Engineer, the Lenders or their respective employees and agents in connection with any such audit and Owner and Contractor shall treat such audit data as confidential, but shall not be precluded from using such audit data in any legal or arbitration proceedings arising under this Agreement in relation with a Dispute;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.19&nbsp;&nbsp;&nbsp;&nbsp;make available to Owner and Owner Contractors at all times during the term hereof sufficient storage areas and personnel at each MOF Facility for the unloading, handling, preservation, storage, loading and transportation of all Owner Furnished Equipment and Materials delivered to such MOF Facility by an Owner Contractor, and not take or omit to take, and cause its Affiliates not to take or omit to take, any action with respect to such MOF Facility that would prevent, impede, delay or otherwise hinder Contractor's performance of the Work in accordance with this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.20&nbsp;&nbsp;&nbsp;&nbsp;arrange and/or ensure the complete handling of all equipment, machinery, Materials and spare parts required for the Work, including the inspection, expediting, shipping and transport, unloading, receiving, storage and payment of all Taxes imposed on Contractor or its Subcontractors and incurred in connection therewith, and arrange for proper safe keeping, handling, preservation, storage, maintenance and transportation at, to or from a MOF Facility or the Job Site, as applicable, for such equipment, machinery, Materials and spare parts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.21&nbsp;&nbsp;&nbsp;&nbsp;coordinate customs expediting and clearance services and logistics at the Job Site with a qualified company selected by Owner and perform all administrative formalities in connection therewith, including obtaining all approvals, certificates, documents and licenses which may be pertinent and/or necessary for Contractor's equipment, machinery, Materials and spare parts required for the Work, all in a timely manner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.22&nbsp;&nbsp;&nbsp;&nbsp;transport from each MOF Facility to the Job Site all Owner Furnished Equipment and Materials delivered to such MOF Facility in accordance with the Project Schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.23&nbsp;&nbsp;&nbsp;&nbsp;provide for all temporary construction materials, equipment, supplies and facilities necessary for the performance of the Work;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.24&nbsp;&nbsp;&nbsp;&nbsp;upon Notice from Owner, replace (a) any Subcontractor who fails to perform its Subcontract obligations, and (b) replace any of Contractor's personnel, and cause any Subcontractor to replace its personnel, performing the Work if (i) Owner believes that such personnel are negligently performing the Work or that such personnel are creating a risk to the health and/or safety of Persons or property or (ii) Owner believes that such personnel are otherwise not performing the Work in accordance with Owner Standards or are creating a risk to the timely completion of the Work in accordance with this Agreement;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.25&nbsp;&nbsp;&nbsp;&nbsp;provide all special tools, construction/Commissioning spare parts and supplies required for operation of the Facility (excluding all special tools, construction/Commissioning spare parts and supplies provided as part of the Owner Furnished Equipment and Materials) until the Facility Substantial Completion Date, at which time all special tools and other supplies required for the operation of the Facility that are supplied by Contractor shall be transferred to Owner in accordance with <u>Section 3.8.16</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.26&nbsp;&nbsp;&nbsp;&nbsp;use only the entrance(s) to the Job Site designated by Owner and applicable Permits for ingress and egress of all personnel and vehicles and for the delivery of all Materials;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.27&nbsp;&nbsp;&nbsp;&nbsp;provide such assistance as is requested by Owner in dealing with the Lenders, the Independent Engineer or any Government Authority in any and all matters relating to the Work and the Facility; *provided that* no review, approval or disapproval by the Independent Engineer shall serve to reduce or limit the liability of Contractor hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.28&nbsp;&nbsp;&nbsp;&nbsp;cooperate with Owner's Representative and designee and the Independent Engineer in the review of design materials, the conduct of inspections and Commissioning, and in any other matters hereunder relating to the Work and respond promptly to inquiries from Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.29&nbsp;&nbsp;&nbsp;&nbsp;provide all operating instructions, procedures, data and manuals, spare parts manuals, integrated and coordinated operation and maintenance manuals and training aids in accordance with the Drawings and Specifications;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.30&nbsp;&nbsp;&nbsp;&nbsp;provide support for training and certifying the operating and maintenance personnel in accordance with <u>Exhibit G</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.31&nbsp;&nbsp;&nbsp;&nbsp;provide Pre-Commissioning and Commissioning support in accordance with <u>Exhibit P</u> during Pre-Commissioning, Commissioning and execution of the Performance Tests in accordance with the written operating instructions, the operations and maintenance manuals and the safety procedures, as applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.32&nbsp;&nbsp;&nbsp;&nbsp;obtain Owner's prior written approval (which approval may be withheld in Owner's sole discretion and for any reason) of the text of any announcement, publication, photograph or other type of communication concerning the Work prior to the dissemination or release of same by Contractor or its Subcontractors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.33&nbsp;&nbsp;&nbsp;&nbsp;subject to Owner's prior approval, designate the Contractor's Representative who will have full responsibility for the prosecution of the Work in respect of this Agreement and act as a single point of contact with Owner, Owner Contractors and Pipeline Contractor in all matters on behalf of Contractor. Upon the reasonable written request of Owner, Contractor shall promptly replace the Contractor's Representative. Subject to <u>Section 5.2</u>, Contractor shall not replace the Contractor's Representative without the prior written consent of Owner, which consent shall not be unreasonably withheld. The Contractor's Representative shall be available at the Job Site and elsewhere, when reasonably required, at all reasonable times for consultation

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and, if absent, shall designate a suitable alternate to act as the Contractor's Representative during such absence;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.34&nbsp;&nbsp;&nbsp;&nbsp;during the performance of the Work, maintain continuously at the Job Site adequate management, supervisory, administrative, safety, quality and technical personnel, to ensure expeditious and competent handling of all matters related to the Work, according to its determination of the staffing required for this purpose and <u>Exhibit Y</u>. Contractor shall designate the Key Personnel as set forth in <u>Exhibit K</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.35&nbsp;&nbsp;&nbsp;&nbsp;provide such data, reports, certifications, certified copies of organizational documents, resolutions, incumbency certificates, audited financial statements, opinions of counsel and other documents or assistance as may be (a) requested by Owner, the Lenders or Owner's title insurance providers with respect to the Financing or otherwise requested by Owner in connection with the performance of this Agreement or (b) requested or required by any Government Authority with respect to any Permits or regulatory filings;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.36&nbsp;&nbsp;&nbsp;&nbsp;advise Owner of negotiations with Major Subcontractors concerning the availability of improved warranties or guarantees related to major items of Materials to be incorporated into the Facility;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.37&nbsp;&nbsp;&nbsp;&nbsp;(a) cooperate with and provide information reasonably requested by Owner to support Owner in performing, or causing the performance of, the Owner Scope of Work and the delivery of the Owner Furnished Equipment and Materials to the Job Site or a MOF Facility, as applicable; (b) receive, transport and unload at the Job Site, or a MOF Facility or a storage yard designated by Owner for transshipment to the Job Site, all Owner Furnished Equipment and Materials; (c) perform the construction management services relating to the scheduling and coordination of the work and services performed by the Owner Contractors under the Owner Contracts and the administration and reporting to Owner of the performance by each Owner Contractor of its obligations of the relevant Owner Contracts; and (d) install and integrate the Owner Furnished Equipment and Materials into the Facility, as applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.38&nbsp;&nbsp;&nbsp;&nbsp;support Owner in the management of the construction of the Facility by providing personnel to supplement Owner's staffing of an integrated project management team, or "***IPMT***", that, under Owner's direction and control, will manage, coordinate and supervise the performance of the Work and the Owner Scope of Work, other than the CP Express Pipeline. Contractor and Owner each acknowledge that Owner shall have the right, in collaboration with Contractor, to modify the IPMT and adjust the allocation and management of work scopes under the Agreement and Owner Contracts from time to time during the term of the Agreement to optimize the construction schedule, manage costs, correct work quality and/or address changes in the Critical Path, all in accordance with the Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.39&nbsp;&nbsp;&nbsp;&nbsp;maintain qualified personnel on the Job Site to consult with Owner regarding the operation and maintenance of the Facility (a) during Pre-Commissioning, Commissioning, start-up and testing of each LNG Production System and the Facility, (b) until successful completion of the training program required by <u>Article 14</u>, and (c) in accordance with the Warranty

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procedures set forth in <u>Article 20</u> during the Warranty Period (which does not require Contractor to maintain personnel on the Job Site);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.40&nbsp;&nbsp;&nbsp;&nbsp;comply with the Warranty procedures set forth in <u>Article 20</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.41&nbsp;&nbsp;&nbsp;&nbsp;in accordance with <u>Article 39</u>, cooperate with Owner in obtaining suitable Financing in accordance with the Lenders' requirements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.42&nbsp;&nbsp;&nbsp;&nbsp;provide complete Deliverables and follow them during the performance of the Work;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.43&nbsp;&nbsp;&nbsp;&nbsp;prepare and keep up-to-date on a daily basis a complete set of red-lined "as-built" records of the execution of the Work, showing the "as-built" locations, sizes and details of the Work as executed, with cross references to relevant specifications and data sheets, which records shall be kept on the Job Site and shall be made available to Owner upon request;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.44&nbsp;&nbsp;&nbsp;&nbsp;prepare and submit to Owner "as-built" drawings (in accordance with <u>Exhibit J</u>) of the Work showing the process-related portions of the Work as executed. The "as-built" drawings shall be provided in their native file format, red-lined as the Work proceeds, and shall be submitted at least monthly (and more frequently as requested by Owner) to Owner for its inspection;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.45&nbsp;&nbsp;&nbsp;&nbsp;submit to Owner, within sixty (60) Days following the Facility Substantial Completion Date or upon termination of this Agreement, five (5) electronic files in a format designated by Owner, one (1) full-size original copy and six (6) printed copies of the relevant final "as-built drawings" (in accordance with <u>Exhibit J</u>) and any further construction documents relating to the Work reasonably requested by Owner, all prepared in accordance with this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.46&nbsp;&nbsp;&nbsp;&nbsp;in accordance with <u>Article 9</u>, submit to Owner the applicable Performance Security;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.47&nbsp;&nbsp;&nbsp;&nbsp;refrain from bringing, and not permit or allow any Subcontractor or other Person (other than an Owner Contractor acting in accordance with the relevant Owner Contract or the Pipeline Contractor) to bring, any Hazardous Substances on the Job Site and bear all responsibility and liability for such materials brought to the Job Site by Contractor or its Subcontractors; *provided*, *however*, that Contractor and Subcontractors may bring onto the Job Site such Hazardous Substances as are necessary to perform the Work so long as the same is done in compliance with applicable Laws, Permits, and Applicable Codes and Standards, and Contractor shall remain responsible and liable for all such Hazardous Substances. Contractor shall maintain an updated record and current inventory of all Hazardous Substances brought onto the Job Site or used by Contractor or any Subcontractors in connection with the performance of the Work, which records shall identify types, quantities, location of storage, use and final disposition of such Hazardous Substances, and shall promptly make such file available to Owner at the Job Site upon preparation and any updates. If Contractor or any of its Subcontractors cause, exacerbate or permit a Release of any Hazardous Substances on, at, under or from the Job

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Site, Contractor shall, at its sole cost and expense: (a) immediately notify Owner in writing; (b) comply with all applicable Laws, Permits and Applicable Codes and Standards and take all necessary steps to protect human health and the environment, and shall not exacerbate such condition; and (c) diligently proceed to take all necessary actions to clean up fully any contamination or impacts resulting therefrom. If Contractor or any of its Subcontractors encounter a Release of any Hazardous Substances on, at, under or from the Job Site that is not caused, exacerbated or permitted by any of them or any Pre-Existing Hazardous Substances, Contractor shall: (a) immediately notify Owner in writing; (b) comply with all applicable Laws, Permits and Applicable Codes and Standards and take all necessary steps to protect human health and the environment, and shall not exacerbate such condition; and (c) diligently proceed to take all necessary actions to assist Owner's efforts to clean up fully any contamination or impacts resulting therefrom;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.48&nbsp;&nbsp;&nbsp;&nbsp;during the performance of the Work, maintain an office at the Job Site, in a temporary or permanent structure that shall be subject to the approval of Owner, which shall serve as the offices for Contractor, Owner and Owner Contractors, and upon completion of the Work, leave such offices, which shall remain the property of Owner, in a clean condition satisfactory to Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.49&nbsp;&nbsp;&nbsp;&nbsp;cooperate and cause the Subcontractors to cooperate with Owner, Owner Contractors, the Pipeline Contractor and other unrelated contractors who may be working at or near the Job Site in accordance with the Project Schedule in order to assure that neither Contractor nor any of the Subcontractors unreasonably hinders or increases or makes more difficult the work being done by or on behalf of Owner, the operation of the Facility and other unrelated contractors at or near the Job Site;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.50&nbsp;&nbsp;&nbsp;&nbsp;use reasonable efforts, and cause the Subcontractors to use their reasonable efforts, to assist Owner in creating, assessing and carrying out programs which shall, during all phases of the Work, minimize the impacts on the host community caused by completion of the Work;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.51&nbsp;&nbsp;&nbsp;&nbsp;pay all Subcontractors in a timely fashion in accordance with the respective Subcontracts and provide Owner with Notice of any material dispute regarding the Work that is pending or threatened, which Notice shall detail the dispute, the parties involved and identify any Subcontractors that Contractor intends to withhold payment from and the amount to be withheld;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.52&nbsp;&nbsp;&nbsp;&nbsp;obtain and maintain the insurance set forth in <u>Section 26.2</u>. Contractor shall (a) cooperate with Owner so that Owner may obtain and maintain the insurance set forth in <u>Section 26.3</u>, including providing any information reasonably required by insurance carriers providing such insurance, and (b) comply with the requirements of the insurance policies provided by Owner pursuant to <u>Section 26.3</u>, including providing information necessary to substantiate any claims filed under such policies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.53&nbsp;&nbsp;&nbsp;&nbsp;in accordance with <u>Article 23</u>, ensure that all agreements, guarantees, warranties, delivery schedules and performance requirements with Subcontractors comply with the requirements of this Agreement;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.54&nbsp;&nbsp;&nbsp;&nbsp;in accordance with <u>Article 40</u>, comply with the requirements of the Anti-Corruption Laws and Export Controls;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.55&nbsp;&nbsp;&nbsp;&nbsp;in accordance with <u>Section 3.9</u>, obtain recommendations for spare parts for the operation and maintenance of the Facility and, if requested by Owner, procure and deliver the Spare Parts to the Job Site;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.56&nbsp;&nbsp;&nbsp;&nbsp;as applicable comply in all respects with the requirements, prohibitions, and other obligations applicable to a general contractor under Louisiana's Private Works Act, Louisiana Revised Statute 9:4801, et seq.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.57&nbsp;&nbsp;&nbsp;&nbsp;as applicable after the issuance of the Notice to Proceed (or, if required by Law in connection with the performance of the scope under any Limited Notice to Proceed, the Limited Notice to Proceed) properly and timely file written notice of contract (the "***Notice of Contract***"), together with performance and payment bonds attached, if required, and a "no work" affidavit satisfying the requirements of Louisiana Revised Statute 9:4820.C. for registry with the recorder of mortgages of the parish in which the Work is to be performed. Preparation and filing of the notice of contract and bonds shall comply with Louisiana's Private Works Act, La. R.S. 9:4801, et seq.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.58&nbsp;&nbsp;&nbsp;&nbsp;as applicable upon Final Completion, file a notice of termination for registry with the recorder of mortgages for Cameron Parish, referencing the Notice of Contract, and satisfying the requirements of Louisiana Revised Statute 9:4822.E.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.59&nbsp;&nbsp;&nbsp;&nbsp;as applicable as a condition precedent to final payment by Owner hereunder, supply to Owner a Clear Lien and Privilege Certificate for the Facility from the recorder of mortgages for Cameron Parish, which certificate is dated after the expiration of the period during which Subcontractors and suppliers may file valid claims or liens pursuant to Louisiana's Private Works Act, LA. R.S. 9:4801, et seq.; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.60&nbsp;&nbsp;&nbsp;&nbsp;as applicable as a condition precedent to final payment by Owner hereunder, at Owner's request, Contractor shall file, or concur with the filing of, a request for cancellation of the Notice of Contract pursuant to Louisiana Revised Statute 9:4832.A.

**3.9&nbsp;&nbsp;&nbsp;&nbsp;SPARE PARTS.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.9.1&nbsp;&nbsp;&nbsp;&nbsp;Promptly following Contractor's issuance of a Subcontract, Contractor shall deliver to Owner a detailed list (that shall include pricing information) of all Subcontractor and Contractor-recommended capital spare parts, other spare parts and special tools necessary for operating and maintaining the Facility (excluding all spare parts and special tools supplied as part of the Owner Furnished Equipment and Materials), including components and systems of the Facility (collectively, "***Spare Parts***"), following each LNG Production System Substantial Completion Date and the Facility Substantial Completion Date. At any time prior to the Final Completion Date, Owner shall specify in writing which items on the list it wishes Contractor to purchase and whether such items are requested to be delivered to the Job Site prior to LNG Production System Substantial Completion for an LNG Production System, Facility Substantial

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Completion or Final Completion, as applicable. For those Spare Parts Owner directs Contractor to purchase, Contractor shall purchase such Spare Parts on the best available commercially reasonable terms (including all rebates and discounts). In addition to ordering and purchasing the Spare Parts as provided above, Contractor shall receive, inspect, deliver to storage and take all other reasonable actions for the storage and maintenance of the Spare Parts until the Final Completion Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.9.2&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall properly store and categorize all spare parts provided pursuant to <u>Section 3.9.1</u> in order to preserve such spare parts and prevent corrosion, and shall create and maintain a computerized inventory of all such spare parts. Contractor shall submit the inventory control system to Owner for review and such inventory control system shall be approved by Owner prior to its implementation. Contractor shall cause the inventory control system to be transferred to Owner's computer system at the Facility prior to the LPS5 LNG Production System Substantial Completion Date. Any spare parts purchased by Owner that are present at the Job Site prior to Owner's assumption of the care, custody and control of the Facility pursuant to <u>Section 18.1.3</u> and during the Warranty Period may be reasonably used by Contractor following written permission by Owner; *provided*, *however*, that Contractor shall be required to replace such spare part with an identical new replacement on an expedited basis.

**3.10&nbsp;&nbsp;&nbsp;&nbsp;PROCUREMENT.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.10.1&nbsp;&nbsp;&nbsp;&nbsp;Within [\*\*\*] Days after the date of issuance of the Notice to Proceed, Contractor shall provide Owner with an estimated schedule of the planned air, marine and land shipments for which Contractor is responsible, identifying (a) equipment estimated to be essential to the Critical Path, (b) the equipment and values to be contained in each shipment, and (c) other specific information reasonably required by insurance underwriters (including the vessel and/or vehicle identification, the itinerary and schedule along with scheduled shipping dates from each MOF Facility or Contractor's, a Subcontractor's or their supplier's warehouse) (collectively, the "***Shipping Information***"). Thereafter, in order for Owner to secure insurance for each marine, air and land shipment made by Contractor, Contractor shall provide monthly updates to Owner and Owner's designated cargo insurer of any changes to the Shipping Information. Contractor shall not permit any shipment to be made until such Notice is timely given to Owner. Shipping delays incurred by Contractor or any Subcontractor as the result of delays in securing cargo insurance to the extent due to Contractor's failure to supply such Notice on a timely basis shall not be the basis for an Owner Caused Delay. Contractor shall ensure that all shipments of cargo by Contractor or any Subcontractors comply with requirements related thereto of such insurance providers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.10.2&nbsp;&nbsp;&nbsp;&nbsp;Each shipment manifest of Contractor and any Subcontractor will be prepared in a format consistent with the requirements of Owner.

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**4.&nbsp;&nbsp;&nbsp;&nbsp;COMMENCEMENT OF THE WORK.**

**4.1&nbsp;&nbsp;&nbsp;&nbsp;NOTICE TO PROCEED.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.1&nbsp;&nbsp;&nbsp;&nbsp;Owner may issue to Contractor a Notice in the form attached hereto as <u>Exhibit F-13</u> (the "***Notice to Proceed***") specifying the date for full commencement of the Work (the "***Notice to Proceed Date***"), which date shall not be prior to the date that Contractor receives the Notice to Proceed. Subject to any Limited Notice to Proceed, Contractor shall commence the Work only after the Notice to Proceed Date specified in the Notice to Proceed and thereafter diligently pursue the Work, assigning to it a priority that will ensure LNG Production System Substantial Completion of each LNG Production System on or before the applicable LNG Production System Substantial Completion Deadline, Facility Substantial Completion on or before the Facility Substantial Completion Deadline and Final Completion on or before the Final Completion Deadline. Contractor shall proceed with the performance of the Work in accordance with the Project Schedule; *provided*, *however*, that any failure of Contractor to pursue the Work in accordance with the Project Schedule shall not relieve Contractor of any liability hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.2&nbsp;&nbsp;&nbsp;&nbsp;Prior to the issuance of the Notice to Proceed, Owner intends to obtain sufficient funds from one or more Lenders to fulfill its payment obligations under this Agreement. Owner shall not issue the Notice to Proceed until the date on which it has obtained written and binding commitments in respect of such funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.3&nbsp;&nbsp;&nbsp;&nbsp;On or prior to Owner's issuance of the Notice to Proceed pursuant to this <u>Section 4.1,</u> Contractor shall provide the Performance and Payment Bonds to Owner as required pursuant to <u>Article 9</u>.

**4.2&nbsp;&nbsp;&nbsp;&nbsp;LIMITED NOTICES TO PROCEED.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2.1&nbsp;&nbsp;&nbsp;&nbsp;Prior to the issuance of the Notice to Proceed, Owner shall have the right to issue one or more limited notices to proceed directing Contractor to commence and complete any portion of the Work specified in any such limited notice to proceed and subject to the terms of this Agreement substantially in the form attached hereto as <u>Exhibit F-8</u> (each, a "***Limited Notice to Proceed***"), except as otherwise agreed by Owner and Contractor. All activities required to be performed thereunder shall be done in accordance with the requirements for the Work hereunder. Contractor shall not be required to commence performance of the Work described in a Limited Notice to Proceed until it has counter-signed the Limited Notice to Proceed. All Work performed by Contractor under a Limited Notice to Proceed shall be compensated by Owner on the same basis as provided in <u>Exhibit B</u>, and one hundred percent (100%) of such payment shall be credited as an offset against subsequent Reimbursable Costs, Contractor's G&A and Contractor's Margin owed by Owner to Contractor, as applicable; *provided that* Contractor's Margin earned prior to issuance of the Notice to Proceed shall not be payable to Contractor until the earlier to occur of (i) the issuance of the Notice to Proceed, and (ii) the termination of this Agreement. Upon issuance of the Notice to Proceed, all such performance of the Work under a Limited Notice to Proceed shall constitute Work done pursuant to this Agreement.

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**5.&nbsp;&nbsp;&nbsp;&nbsp;PERSONNEL AND QUALIFICATIONS.**

**5.1&nbsp;&nbsp;&nbsp;&nbsp;GENERAL.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1.1&nbsp;&nbsp;&nbsp;&nbsp;Contractor represents to Owner that it, its designers and its design Subcontractors have the experience and capability necessary for the design and performance of the Work. Contractor undertakes that its personnel and design Subcontractors shall be available to attend discussions with Owner and the Independent Engineer at all times at the Job Site or other mutually agreed locations during the performance of the Contractor's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1.2&nbsp;&nbsp;&nbsp;&nbsp;Contractor, all Subcontractors and all personnel used by Contractor and Subcontractors in the performance of the Work shall be qualified by training, licenses or certifications, as required, and experienced to perform their assigned tasks. Contractor shall not use in the performance of the Work any personnel reasonably deemed by Owner to be incompetent, careless, unqualified to perform the work assigned to them, unsafe, creating an unsafe work environment or interfering with the completion of the Work. Notwithstanding the foregoing, Owner shall have no liability and Contractor agrees to release indemnify, defend and hold harmless each Owner Indemnitee from and against any and all Losses, of whatsoever kind or nature, which may directly or indirectly arise or result from Contractor or any Subcontractor terminating the employment of or removing from the Work any such employee who fails to meet the foregoing requirements following a request by Owner to have such employee removed from the Work.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1.3&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall maintain labor relations in such a manner that, so far as reasonably practicable, there is harmony among workers. Contractor and the Subcontractors shall conduct their labor relations in accordance with the recognized prevailing local area practices, applicable Law, Permits, Applicable Codes and Standards and Owner Standards.

**5.2&nbsp;&nbsp;&nbsp;&nbsp;KEY PERSONNEL.**

The Contractor's organizational structure for the performance of the Work is provided in <u>Exhibit K</u>. Prior to the commencement of the Work, the Key Personnel shall hold the positions indicated in <u>Exhibit K</u>. Contractor acknowledges and agrees that the continuity of Key Personnel in connection with the Work is a material requirement of this Agreement and that the replacement of any Key Personnel will be detrimental to Owner and the overall quality of the Work. The Key Personnel will be engaged full-time and exclusively in the prosecution of the Work continuously until their role is completed, unless prior release is approved or directed by Owner; *provided however*, Key Personnel may be removed by Contractor without Owner's consent for (a) termination of a Key Personnel's employment with the Contractor or its Affiliates, or (b)&nbsp;&nbsp;&nbsp;&nbsp;a Key Personnel dying, retiring, resigning, or becoming seriously ill, or a serious illness or death in the family of a Key Personnel. Revisions to the organizational structure of Key Personnel shall be subject to Owner's prior approval, and replacement of, or additions to, such Key Personnel shall only be made with persons having qualifications equal to or better than those replaced or added to, and shall be similarly subject to Owner's prior approval. All requests for the substitution of Key Personnel shall include a detailed explanation and reason for the request and the resumes of professional education and experience for a

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minimum of two (2) candidates of suitable qualifications and experience. Should Owner approve of the replacement of a Key Personnel, Contractor shall allow for an overlap of a minimum of two (2) weeks during which both the Key Personnel to be replaced and the Owner-approved new Key Personnel shall work together full time. Owner may if it is concerned with the performance thereof request in writing the removal of, and Contractor shall promptly remove and replace, any Key Personnel. Contractor agrees that, notwithstanding its other business commitments, it will give the Work a priority and commit sufficient resources to the Work that will enable Contractor to perform its obligations under this Agreement.

**6.&nbsp;&nbsp;&nbsp;&nbsp;PRICE AND PAYMENT.**

**6.1&nbsp;&nbsp;&nbsp;&nbsp;TARGET PRICE.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.1&nbsp;&nbsp;&nbsp;&nbsp;The "***Target Price***" is equal to [\*\*\*], the principal components of which are more fully described in <u>Exhibit B-3</u>, as the foregoing may be adjusted from time to time pursuant to a Change Order, to be paid pursuant to <u>Section 6.3</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.2&nbsp;&nbsp;&nbsp;&nbsp;Contractor has satisfied itself as to the correctness and sufficiency of the Target Price and represents to Owner that, as of the Effective Date, the Target Price is a good faith estimate of the Direct Costs and the Contractor's G&A and Contractor's Margin applicable thereto that will be paid to Contractor for the performance of the Reimbursable Work; *provided*, *however*, the Target Price is not a warranty or guarantee by Contractor on the Reimbursable Costs to be incurred in performance of the Reimbursable Work. Owner is obligated to pay the Reimbursable Costs, Contractor's G&A and Contractor's Margin incurred in the performance of the Reimbursable Work in accordance with <u>Section 6.3</u> without regard to the Target Price. The Target Price includes the estimated costs for the Materials, labor, transportation, services and Intellectual Property rights forming part of the Reimbursable Work and, including the costs of Materials, transportation and storage of Materials and all Taxes other than sales and use taxes, duties and tariffs for which Contractor is responsible hereunder, the cost to Contractor to provide the Performance Security, and Contractor's estimated cost for repair or replacement of all Defects and Deficiencies and other corrective Work prior to the commencement of the Warranty Period, including as described in <u>Exhibit B-1</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.3&nbsp;&nbsp;&nbsp;&nbsp;Contractor acknowledges and understands that Owner intends to structure the Financing on the basis of the Target Price and is relying on the accuracy and sufficiency of the Target Price; *provided that* Owner acknowledges and understands that the Target Price is a good faith estimate and not a warranty or guarantee by Contractor. Accordingly, Contractor agrees as a consequence that the Contractor's Margin shall not be subject to increase, except as specifically set forth in <u>Section 12.1.9</u>. Without prejudice to <u>Article 31</u>, Owner agrees that Contractor's agreement to fix the Contractor's Margin is adequate consideration for Owner's agreement to assume the risk of the costs of the Work exceeding the Target Price.

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**6.2&nbsp;&nbsp;&nbsp;&nbsp;[RESERVED].**

**6.3&nbsp;&nbsp;&nbsp;&nbsp;PAYMENT.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.1&nbsp;&nbsp;&nbsp;&nbsp;Not later than the 15th day of each Month N, Contractor shall submit to Owner for its approval a Request for Payment (simultaneously sending copies to the Independent Engineer, as Owner may direct), which shall set forth: (a) a reasonable good faith estimate of (i) the Reimbursable Work activities that will be performed during the second month ("***Month N+2***") immediately following such Month N, and (ii) the Direct Costs, Contractor's G&A and Contractor's Margin (including details of Margin Milestones anticipated to be achieved) associated with such Reimbursable Work activities (the sum of clauses (i) and (ii) being referred to herein as an "***Estimated Monthly Amount***"); (b) except for the Initial Request for Payment, the amount owed to Contractor in respect of the Reimbursable Work performed during the preceding month(s), together with Contractor's G&A and Contractor's Margin associated with such Reimbursable Work, that has not been paid to Contractor during such preceding month(s), as applicable; (c) except for the Initial Request for Payment, the amount by which the aggregate amount of Estimated Monthly Amounts paid to Contractor during the preceding month(s) exceeds the actual Direct Costs incurred by Contractor in the performance of the Reimbursable Work during the preceding month(s), calculated as of the last day of the month immediately preceding such month, and the Contractor's G&A and Contractor's Margin associated with such Direct Costs payable by Owner in respect of such Reimbursable Work; (d) any other amounts that may be due and owing from Owner to Contractor or from Contractor to Owner pursuant to any other provision of this Agreement; and (e) all information and documentation required by <u>Section 6.3.3</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.2&nbsp;&nbsp;&nbsp;&nbsp;Owner shall, with respect to the Initial Request for Payment, make payment of the net amount specified in such Request for Payment within fifteen (15) Business Days of its receipt of such Request for Payment and with respect to each subsequent Request for Payment in accordance with <u>Section 6.6</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.3&nbsp;&nbsp;&nbsp;&nbsp;Each Request for Payment submitted by Contractor pursuant to <u>Section 6.3.1</u> will be accompanied by: (a) a certificate of release and waiver of liens (other than Permitted Liens) from Contractor in the form attached hereto as <u>Exhibit F-1</u>; (b) a Payment Status Affidavit from Contractor in the form attached hereto as <u>Exhibit F-15</u>; (c) certificates of release and waiver of liens (other than Permitted Liens) from each Major Subcontractor providing Materials or services described in the Request for Payment in the form attached hereto as <u>Exhibit F-2</u>; (d) a Payment Status Affidavit from each Major Subcontractor in the form attached hereto as <u>Exhibit F-16</u>; (e) a Monthly Progress Report pursuant to <u>Section 13.3</u>; (f) a report of Defects and Deficiencies pursuant to <u>Section 10.2.1</u>; (g) supporting documentation evidencing the Reimbursable Costs and Contractor's G&A that are defined in <u>Exhibit B-1</u>; (h) the aggregate accrued amount of the Contractor's Margin (with supporting calculations) of which payment is requested in respect of the Margin Milestone(s) that have occurred in the previous month; and (i) any other information that Owner, the Lenders or the Independent Engineer may reasonably request (provided Contractor is given a reasonable period of time to satisfy such request prior to Contractor's submission of a Request for Payment). Contractor shall itemize Taxes (which are Reimbursable

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Costs) by category and cost component, including Louisiana state and local sales/use tax and any other sales/use tax that Contractor may be responsible for collecting from Owner (by state and taxing jurisdictions), import duties, and sales tax of other states (by other state). Contractor shall only include Direct Costs in a Request for Payment in accordance with the rates and other provisions set forth in <u>Exhibit B-1</u> and <u>Exhibit C</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.4&nbsp;&nbsp;&nbsp;&nbsp;Amounts (a) owed by Owner to Contractor, and (b) owed by Contractor to Owner shall, to the extent not paid when due pursuant to the terms hereof, accrue interest at the Late Payment Rate from the date payment thereof was due until the date of payment thereof in full (together with all accrued interest).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.5&nbsp;&nbsp;&nbsp;&nbsp;In no event shall the payment of any amount by Owner to Contractor constitute an acceptance of any Work, and Owner's acceptance of the Work shall not relieve Contractor of any of its obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.6&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary contained herein, failure by Owner to pay any amount in dispute until resolution of such dispute in accordance with this Agreement shall not alleviate, diminish, or modify in any respect Contractor's obligations to perform hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.7&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary contained herein, except as expressly set forth in a Limited Notice to Proceed, Contractor shall not be obligated to perform any further Work and Owner shall not be obligated to make any further payment hereunder until after the Financial Closing Date has occurred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.8&nbsp;&nbsp;&nbsp;&nbsp;Contractor's Margin shall only be payable as and when required pursuant to, and in the amounts specified in, the Margin Milestones. For the avoidance of doubt, no Contractor's Margin in respect of any Margin Milestone shall be due and payable by Owner until such Margin Milestone has been achieved by Contractor. For the avoidance of doubt, no Margin Milestone shall be due and payable by Owner until such Margin Milestone has been achieved by Contractor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.9&nbsp;&nbsp;&nbsp;&nbsp;All Non-Reimbursable Costs shall be borne exclusively by Contractor. Contractor shall not include any Non-Reimbursable Costs in a Request for Payment or otherwise seek reimbursement from Owner of any Non-Reimbursable Costs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.10&nbsp;&nbsp;&nbsp;&nbsp;Owner shall have the right to audit all documentation pertaining to each Request for Payment on reasonable prior notice to Contractor and during normal business hours in order to confirm the accuracy and completeness of such Request for Payment. Notwithstanding the foregoing, and without prejudice to Owner's rights under <u>Sections 3.8.18</u> and <u>40.2</u>, Owner shall have no right to audit or inspect the internal composition of any Contractor's rates, the make-up or composition of Contractor's lump sum pricing, unit prices, unit rates, fixed rates, fixed percentages, multipliers or any other form of fixed pricing, or of costs which are expressed in terms of percentages of other costs.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.11&nbsp;&nbsp;&nbsp;&nbsp;The Parties acknowledge that the amount of Contractor's Margin shall be fixed and shall only be adjusted in accordance with <u>Section 12.1.9</u>.

**6.4&nbsp;&nbsp;&nbsp;&nbsp;ENCUMBRANCES.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4.1&nbsp;&nbsp;&nbsp;&nbsp;Contractor covenants and agrees that, with the sole exceptions of (a) an arbitral or Government Authority's decision in Contractor's favor, and (b) Permitted Liens, no mechanics' liens, similar liens or any encumbrances whatsoever shall be filed or maintained by Contractor, any Subcontractor or worker or other Person acting, directly or indirectly, through or under Contractor or any Subcontractor, against the Job Site, the Facility (or any portion thereof), any Materials or Owner Furnished Equipment and Materials, any land or improvements pertinent thereto, for or on account of any Work done or to be done or Materials furnished or to be furnished hereunder (the foregoing types of liens, regardless of who files them, collectively, the "***Indemnified Liens***"). Any lien or encumbrance filed by Contractor shall be limited in scope to secure payment by Owner of the amount at issue in any applicable dispute resolution proceeding. Upon Owner's payment of such amount, Contractor shall immediately, and in any event within seven (7) Days of such payment, effect release (and certify thereto) of any such lien or encumbrance. For the avoidance of doubt, if a dispute resolution proceeding is brought within the applicable statute of limitations, but the outcome of such proceeding is not determined until after the statute of limitations has expired, the Parties agree to waive the statute of limitations in order to effect the outcome of such dispute resolution proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4.2&nbsp;&nbsp;&nbsp;&nbsp;If Contractor fails to satisfy the obligation set forth in <u>Section 6.4.1</u> within thirty (30) days, Contractor agrees, to the fullest extent permitted by Law, to indemnify and hold harmless each of the Owner Indemnitees and the Owner's title insurers against any and all Losses associated with any Indemnified Lien and Owner shall have the right to (a) consider the amount of the lien or encumbrance as presumptively correct, (b) withhold from any payment to Contractor then due, or thereafter to become due (including the Final Request For Payment), an amount sufficient to completely indemnify Owner Indemnitees against such lien or encumbrance, (c) pay the amount of such lien or encumbrance and pursue recovery actions against Contractor, and (d) retain out of the amount withheld an amount sufficient to compensate Owner for its expenses (including actual attorney's fees) in the matter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4.3&nbsp;&nbsp;&nbsp;&nbsp;Contractor hereby subordinates any mechanics' and materialmen's liens or other claims or encumbrances that may be brought by Contractor against any or all of the Work, the Facility, or the Job Site to any liens granted in favor of the Lenders, whether such lien in favor of the Lenders is created, attached or perfected prior to or after any such liens, claims or encumbrances, and shall use commercially reasonable efforts to require its Subcontractors to similarly subordinate their lien, claim and encumbrance rights. Contractor agrees to comply with reasonable requests of Owner for supporting documentation required by the Lenders in connection with such subordination, including any necessary lien subordination and other agreements and the filing of necessary documentation to effectuate such subordination. Nothing in this <u>Section 6.4.3</u> shall be construed as a limitation on or waiver by Contractor of any of its rights under applicable Law to file a lien or claim or otherwise encumber the Facility as security

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for any undisputed payments owed to it by Owner hereunder which are past due; *provided that* such lien, claim or encumbrance shall be subordinate to any liens granted in favor of the Lenders.

**6.5&nbsp;&nbsp;&nbsp;&nbsp;DEFICIENT REQUESTS FOR PAYMENT.**

Should Owner and the Lenders believe any Request for Payment is non-conforming (by being incomplete or inaccurate or by not otherwise satisfying the requirements for a Request for Payment hereunder), Owner shall have the right, in its sole discretion, to (a) request additional information with respect to such non-conforming Request for Payment or (b) reject the non-conforming portion of a Request for Payment, but pay the undisputed portion in accordance with this Agreement. It is understood and agreed by the Parties that any Request for Payment which is non-conforming, to the extent of such non-conformance, shall not constitute a valid and proper Request for Payment, and Owner shall not be obligated to make payment of any disputed amounts related to such non-conformance until Contractor revises the Request for Payment or submits a Request for Payment in proper form.

**6.6&nbsp;&nbsp;&nbsp;&nbsp;OWNER PAYMENT OBLIGATIONS.**

Owner shall review each Request for Payment and may make such exceptions in accordance with the terms of this Agreement. Not later than forty-five (45) Days after its receipt of a Request for Payment and supporting documentation in the manner, with such detail and at the time herein required, Owner shall make payment to Contractor in the amount required, *<u>less</u>* (i) any disputed portion of such Request for Payment, (ii) any undisputed amounts payable by Contractor to Owner hereunder from the immediately preceding billing period, and (iii) any other Owner withholding rights explicitly set forth herein. Owner shall make payment of the net amount specified in each Request for Payment submitted in accordance with <u>Section 6.2</u>, *<u>less</u>* (i) any disputed portion of such Request for Payment, (ii) any undisputed amounts payable by Contractor to Owner hereunder from the immediately preceding billing period, and (iii) any other Owner withholding rights explicitly set forth herein, not later than the last Business Day of the month immediately following the month in which such Request for Payment was received by Owner; *provided*, *however*, that if Contractor submits such Request for Payment to Owner after the 15th day of the relevant month, the time period within which Owner shall be obligated to make payment hereunder shall be extended by such number of days following such 15th day for which such Request for Payment was not submitted. See <u>Exhibit B-5</u> for an example of such payment procedures.

**6.7&nbsp;&nbsp;&nbsp;&nbsp;FINAL PAYMENT.**

Within thirty (30) days of the Final Completion Date, Contractor shall submit a final Monthly Progress Report and a final request for payment which shall set forth all amounts due and remaining unpaid to it (the "***Final Request for Payment***"), and upon approval thereof by Owner, Owner shall pay to Contractor the amount due under such Final Request for Payment. Together with the submission of the Final Request for Payment to Owner, Contractor shall: (a) furnish Owner a Clear Lien and Privilege Certificate pursuant to <u>Section 3.8.59</u>; (b) deliver evidence satisfactory to Owner that Contractor has filed a request for cancellation of the Notice of Contract pursuant to <u>Section 3.8.60</u>, and (c) deliver evidence satisfactory to Owner, including

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a Payment Status Affidavit from Contractor and all Major Subcontractors in the form of <u>Exhibit F-15</u> and <u>Exhibit F-16</u>, respectively, and a release and waiver of liens from Contractor and all Major Subcontractors in the form of <u>Exhibit F-3</u> and <u>Exhibit F-4</u>, respectively, that all claims, liens, security interests or encumbrances in the nature of mechanics', labor or materialmen's liens or otherwise, arising out of or in connection with the Facility, Job Site or the performance by Contractor, or any Major Subcontractor, of the Work, have been satisfied or discharged.

**6.8&nbsp;&nbsp;&nbsp;&nbsp;OWNER'S RIGHT TO WITHHOLD PAYMENT.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.8.1&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary contained herein, upon the occurrence and continuance of any of the following events, Owner, upon Notice to Contractor, may withhold or retain such portion (including all) of any payment due to Contractor under this Agreement as reasonably necessary to ensure the performance of the Work or to protect fully Owner's rights hereunder:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;Contractor is in default under <u>Section 31.1</u>, but excluding costs attributable to any such default that are otherwise Direct Costs as provided in <u>Exhibit B-1</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;there exists any outstanding and unpaid payment obligation owing by Contractor to Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;provided that Contractor is then obligated to indemnify Owner for Indemnified Liens, (i) Contractor is not able to indemnify Owner to Owner's satisfaction against any such lien that shall be registered against the Job Site, Facility (or any portion thereof), any Materials, any land or improvements pertinent thereto and such Indemnified Lien shall remain undischarged or (ii) Contractor, Owner or the Lenders shall have received any claims for Indemnified Liens arising in connection with this Agreement which have not been withdrawn, all arising as a result of any acts or omission of Contractor or any Subcontractors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;Owner is required in accordance with applicable Laws to withhold Taxes payable by Contractor in respect of the Work;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;there is an assessment of any fines or penalties against Owner as a result of Contractor's failure to comply with applicable Law, Permits or Applicable Codes and Standards;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;Contractor has failed to make payments to Subcontractors as required under their respective Subcontracts, excluding the right of Contractor to withhold payments to Subcontractors as provided under the terms of the applicable Subcontract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;Owner has incurred any other Non-Reimbursable Costs or liabilities for which Contractor is responsible hereunder.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.8.2&nbsp;&nbsp;&nbsp;&nbsp;Owner's right to withhold amounts pursuant to this <u>Section 6.8</u> shall not be deemed to in any way reduce Owner's rights to withhold amounts due to Contractor under any other Section hereof. If Owner withholds amounts pursuant to this <u>Section 6.8</u>, Owner shall promptly inform Contractor of the reason therefor and once Contractor has corrected the reasons for the withholding, Owner shall pay the said withheld amount with the next Request for Payment submitted by Contractor. Notwithstanding anything to the contrary contained herein, Contractor shall not have any rights of termination or suspension as a result of Owner's exercise of its rights under this <u>Section 6.8</u>.

**6.9&nbsp;&nbsp;&nbsp;&nbsp;RELEASE OF LIABILITY.**

Acceptance by Contractor of payment pursuant to a Final Request for Payment shall constitute a satisfaction and release by Contractor and each of its Subcontractors in favor of Owner, Owner's Representative, the Lenders, the Independent Engineer and all Affiliates, officers, directors, employees and agents thereof from all claims and liability hereunder with respect to the Work, or for any act or omission of Owner or of any of the above-listed Persons relating to or affecting this Agreement, except for (a) claims which are the subject of a Dispute filed by either Owner or Contractor prior to the date of such payment pursuant to <u>Article 36</u>, (b) Owner's indemnity obligations hereunder, (c) any payment that may become due to Contractor under the last sentence of <u>Section 6.7</u> or for Corrective Work under <u>Section 20.1.3</u>, or (d) any other provision hereof that is expressly intended to survive. Subject to acceptance of the Facility by Owner upon the Facility Substantial Completion Date, no payment shall: (i) be deemed a representation that Owner has inspected the Materials or the Work, (ii) constitute or be deemed an acceptance, in whole or in part, of any portion of the Work or (iii) operate to release Contractor from any obligations or liabilities hereunder.

**7.&nbsp;&nbsp;&nbsp;&nbsp;SCHEDULE BONUSES**

**7.1&nbsp;&nbsp;&nbsp;&nbsp;INTERIM MILESTONE BONUSES.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.1&nbsp;&nbsp;&nbsp;&nbsp;In consideration for Contractor's timely completion of the Work, Owner will, subject to <u>Section 7.4,</u> pay to Contractor, not later than [\*\*\*] days following the date of achievement, in addition to the amounts payable to Contractor pursuant to <u>Section 6.3</u>, an Interim Milestone Bonus in respect of each corresponding Interim Milestone that Contractor has achieved.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.2&nbsp;&nbsp;&nbsp;&nbsp;If Contractor achieves an Interim Milestone after the relevant Completion Date but within [\*\*\*] Days of the relevant Completion Date, the amount of the Interim Milestone Bonus payable in respect of such Interim Milestone shall be equal to the value stated in <u>Exhibit D</u>, <u>Appendix 4</u>. If Contractor achieves an Interim Milestone more than [\*\*\*] Days but within [\*\*\*] Days after the relevant Completion Date, the amount of the Interim Milestone Bonus payable in respect of such Interim Milestone shall be equal to [\*\*\*] of the Interim Milestone value as shown in <u>Exhibit D</u>, <u>Appendix 4</u>. If Contractor achieves an Interim Milestone more than [\*\*\*] Days but within [\*\*\*] Days after the relevant Completion Date, the amount of the Interim Milestone Bonus payable in respect of such Interim Milestone shall be equal to [\*\*\*] of the Interim Milestone value as shown in <u>Exhibit D,</u> <u>Appendix 4</u>. If Contractor achieves an

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Interim Milestone more than [\*\*\*] Days after the relevant Completion Date, the amount of the Interim Milestone Bonus payable in respect of such Interim Milestone shall be equal to [\*\*\*] of the Interim Milestone value as shown in <u>Exhibit D</u>, <u>Appendix 4</u>. For the avoidance of doubt, if Contractor does not achieve [\*\*\*] an Interim Milestone, the unpaid balance of the milestone value may be payable at Owners sole discretion in part or in full at project completion.

**7.2&nbsp;&nbsp;&nbsp;&nbsp;PRIMARY MILESTONE BONUSES.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2.1&nbsp;&nbsp;&nbsp;&nbsp;In consideration for Contractor's timely completion of the Work, Owner will, subject to <u>Section 7.4</u>, pay to Contractor, not later than [\*\*\*] days following the date of achievement, in addition to the amounts payable to Contractor pursuant to <u>Section 6.3</u>, a Primary Milestone Bonus in respect of each corresponding Primary Milestone that Contractor has achieved prior to, on, or within [\*\*\*] Days following the relevant Completion Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2.2&nbsp;&nbsp;&nbsp;&nbsp;If Contractor achieves a Primary Milestone within [\*\*\*] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [\*\*\*]. If Contractor achieves a Primary Milestone more than [\*\*\*] Days after the relevant Completion Date but within [\*\*\*] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [\*\*\*]. If Contractor achieves a Primary Milestone more than [\*\*\*] Days after the relevant Completion Date but within [\*\*\*] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [\*\*\*]. If Contractor achieves a Primary Milestone more than [\*\*\*] Days after the relevant Completion Date but within [\*\*\*] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [\*\*\*]. If Contractor achieves a Primary Milestone more than [\*\*\*] Days after the relevant Completion Date but within [\*\*\*] Days of the relevant Completion Date, the amount of the Primary Milestone Bonus payable in respect of such Primary Milestone shall be equal to [\*\*\*]. For the avoidance of doubt, if Contractor does not achieve a Primary Milestone within [\*\*\*] Days of the relevant Completion Date, no Primary Milestone Bonus shall be payable in respect of such Primary Milestone. However, the unpaid balance of the Primary Milestone value may be payable at Owners sole discretion in part or in full at project completion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2.3&nbsp;&nbsp;&nbsp;&nbsp;[Reserved].

**7.3&nbsp;&nbsp;&nbsp;&nbsp;SUPER PRIMARY MILESTONE BONUSES.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3.1&nbsp;&nbsp;&nbsp;&nbsp;In consideration for Contractor's timely completion of the Work, Owner will, subject to <u>Section 7.4</u>, pay to Contractor, not later than [\*\*\*] days following the date of achievement, in addition to the amounts payable to Contractor pursuant to <u>Section 6.3</u>, a Super Primary Milestone Bonus in respect of each corresponding Super Primary Milestone that Contractor has achieved prior to, on, or within [\*\*\*] Days following the relevant Completion Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3.2&nbsp;&nbsp;&nbsp;&nbsp;[Reserved].

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3.3&nbsp;&nbsp;&nbsp;&nbsp;If Contractor achieves a Super Primary Milestone after the relevant Completion Date but within [\*\*\*] Days of the relevant Completion Date, the amount of the Super Primary Milestone Bonus payable in respect of such Super Primary Milestone shall be equal to [\*\*\*]. If Contractor achieves a Super Primary Milestone more than [\*\*\*] Days after the relevant Completion Date but within [\*\*\*] Days of the relevant Completion Date, the amount of the Super Primary Milestone Bonus payable in respect of such Super Primary Milestone shall be equal to [\*\*\*]. If Contractor achieves a Super Primary Milestone more than [\*\*\*] Days after the relevant Completion Date but within [\*\*\*] Days of the relevant Completion Date, the amount of the Super Primary Milestone Bonus payable in respect of such Super Primary Milestone shall be equal to [\*\*\*]. If Contractor achieves a Super Primary Milestone more than [\*\*\*] Days after the relevant Completion Date but within [\*\*\*] Days of the relevant Completion Date, the amount of the Super Primary Milestone Bonus payable in respect of such Super Primary Milestone shall be equal to [\*\*\*]. If Contractor achieves a Super Primary Milestone more than [\*\*\*] Days after the relevant Completion Date but within [\*\*\*] Days of the relevant Completion Date, the amount of the Super Primary Milestone Bonus payable in respect of such Super Primary Milestone shall be equal to [\*\*\*]. For the avoidance of doubt, if Contractor does not achieve a Super Primary Milestone within [\*\*\*] Days of the relevant Completion Date, no Super Primary Milestone Bonus shall be payable in respect of such Super Primary Milestone. However, the unpaid balance of the Super Primary Milestone value may be payable at Owners sole discretion in part or in full at project completion.

**7.4&nbsp;&nbsp;&nbsp;&nbsp;LIMITATIONS.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4.1&nbsp;&nbsp;&nbsp;&nbsp;Owner's total liability to Contractor for Schedule Bonuses under this <u>Article 7</u> shall not exceed [\*\*\*].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4.2&nbsp;&nbsp;&nbsp;&nbsp;[Reserved].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4.3&nbsp;&nbsp;&nbsp;&nbsp;For the avoidance of doubt, Contractor shall not be entitled to payment in respect of any Schedule Bonus unless and until the achievement of the relevant Schedule Milestone is confirmed by a Certificate of Schedule Milestone Achievement to be provided by Contractor together with the relevant Request for Payment.

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**8.&nbsp;&nbsp;&nbsp;&nbsp;[RESERVED].**

**8.1&nbsp;&nbsp;&nbsp;&nbsp;[RESERVED].**

**8.2&nbsp;&nbsp;&nbsp;&nbsp;[RESERVED].**

**8.3&nbsp;&nbsp;&nbsp;&nbsp;[RESERVED].**

**9.&nbsp;&nbsp;&nbsp;&nbsp;PERFORMANCE SECURITY.** 

**9.1&nbsp;&nbsp;&nbsp;&nbsp;TYPES OF PERFORMANCE SECURITY.**

To secure Contractor's performance of its obligations hereunder, Contractor acknowledges and agrees that Owner shall have the right to hold (a) the Performance and Payment Bonds, and (b) the Contractor Guarantee.

**9.2&nbsp;&nbsp;&nbsp;&nbsp;PERFORMANCE AND PAYMENT BONDS.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2.1&nbsp;&nbsp;&nbsp;&nbsp;On or prior to the Notice to Proceed Date, Contractor shall deliver to Owner a performance bond (in the form of a bank letter of credit as provided in <u>Exhibit F-9A</u>) and a payment bond (in the form of an insurance surety bond as provided in <u>Exhibit F-9B</u>) issued for the benefit of Owner (the "***Performance and Payment Bonds***"), in each case issued by a Qualified Surety.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2.2&nbsp;&nbsp;&nbsp;&nbsp;The Performance Bond shall constitute security for all of Contractor's payment and performance obligations hereunder. The Performance Bond shall have a face amount equal to a variable percentage of the then-current Target Price, as follows: (i) as of the Notice to Proceed Date, the face amount of the Performance Bond shall be equal to [\*\*\*] of the then-current Target Price; and (ii) on the Facility Substantial Completion Date, the face amount of the Performance Bond shall be decreased to be equal to [\*\*\*] of the then-current Target Price. In the event the Target Price is increased or decreased by one or more Change Orders or otherwise in an aggregate amount equal to or greater than [\*\*\*] in accordance with the terms of this Agreement prior to the Facility Substantial Completion Date, Contractor shall increase or decrease the amount of the Performance Bond to reflect the corresponding increase or decrease in the Target Price by [\*\*\*] of such increase or decrease, within [\*\*\*] Business Days of such increase or decrease in the Target Price. The Performance Bond will be reduced in value by [\*\*\*] upon Facility Substantial Completion, which may then be held by Owner until the expiration of the Warranty Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2.3&nbsp;&nbsp;&nbsp;&nbsp;The Payment Bond shall constitute security for the payments made by Owner to Contractor on or after the Notice to Proceed Date. The Payment Bond shall have a face amount equal to a variable percentage of the initial Target Price, as follows: (i) as of the Notice to Proceed Date, the face amount of the Payment Bond shall be equal to [\*\*\*] of the then-current Target Price; (ii) on the LPS6 Substantial Completion Date, the face amount of the Payment Bond shall be decreased to be equal to [\*\*\*] of the then-current Target Price. The Payment Bond will be held by Owner until the Facility Substantial Completion Date.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2.4&nbsp;&nbsp;&nbsp;&nbsp;In the event amounts are due under this Agreement from Contractor to Owner, and such amounts are not paid by Contractor when due, Owner shall have the right to draw amounts under the Performance Security equal to the amount owing by Contractor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2.5&nbsp;&nbsp;&nbsp;&nbsp;If at any time the surety that has issued the Performance and Payment Bonds is no longer a Qualified Surety, then Contractor shall replace such Performance and Payment Bonds with a replacement instrument complying with the terms hereof from a Qualified Surety within [\*\*\*] Business Days from receiving notice from Owner.

**9.3&nbsp;&nbsp;&nbsp;&nbsp;CONTRACTOR GUARANTEES.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3.1&nbsp;&nbsp;&nbsp;&nbsp;Owner acknowledges receipt of the Contractor Guarantee. Contractor shall cause the Contractor Guarantee to remain in full force and effect until the expiration of the Warranty Period. Contractor acknowledges that Owner shall have the right, in its sole discretion, to issue demands for payment under the Contractor Guarantee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3.2&nbsp;&nbsp;&nbsp;&nbsp;As soon as available, but in any event no later than [\*\*\*] Days after the end of each applicable six (6) month period, Contractor or the Contractor Guarantor shall deliver to Owner a copy of the audited consolidated balance sheets at the end of each such period as well as the related consolidated statements of income, retained earnings, and cash flows for such period. All financial statements delivered pursuant to this <u>Section 9.3</u> shall be complete and correct in all material respects and shall be prepared in accordance with A-IFRS applied consistently throughout the periods reflected therein. If the Contractor Guarantor makes the foregoing financial statements publicly available on its website or through filings pursuant to applicable securities laws, then the requirements of this <u>Section 9.3</u> shall be deemed met by the Contractor Guarantor making such financial statements publicly available in accordance with the requirements of applicable securities laws or, otherwise, in accordance with its customary practice.

**10.&nbsp;&nbsp;&nbsp;&nbsp;QUALITY CONTROL AND INSPECTION.**

**10.1&nbsp;&nbsp;&nbsp;&nbsp; QUALITY MANAGEMENT PLAN.**

Contractor has submitted for Owner's review and approval a formal program for inspecting and testing all aspects of the Work (the "***Quality Management Plan***"). Owner has reviewed the Quality Management Plan and confirms its approval; *provided*, *however*, that Owner may at any time require Contractor to amend the Quality Management Plan during the Work if it is not in accordance with the requirements of the Agreement. The individual(s) responsible for implementing the Quality Management Plan shall be identified by Contractor to Owner*.*

**10.2&nbsp;&nbsp;&nbsp;&nbsp;DEFECTS AND DEFICIENCIES.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2.1&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall perform, or cause to be performed, quality control and inspection activities related to the Work as required by the Contractor's Quality Management Plan, this Agreement and Owner Standards. Prior to entering any purchase orders for Materials or any

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Subcontracts, Contractor shall provide Owner the quality control and inspection program for such Subcontractor, and Contractor shall (i) ensure that each such program is substantially the same as the approved Quality Management Plan, and (ii) require each such Subcontractor to provide periodic reports and maintain accurate and ongoing records showing compliance with each such quality control and inspection program. The Quality Management Plan must be adequate to meet the quality control and inspection needs of the Work, and Contractor may not rely upon Owner or any other Person or Government Authority to provide such services. Contractor shall inspect and test the Work, including all design, engineering, installation, Materials, tools and supplies performed or provided. All Defects or Deficiencies identified by such inspection or testing shall be included in the Monthly Progress Report submitted to Owner with the Contractor's Request for Payment. The Monthly Progress Report shall describe in detail (a) all such Defects or Deficiencies identified, including a failure analysis of the problem, (b) a description of the solutions identified for each such Defect and Deficiency, (c) all Work that was re-performed or corrected and any related services rendered during the immediately preceding month, and (d) all such Defects or Deficiencies not then corrected or re-performed. Contractor shall identify a solution for each such Defect and Deficiency as soon as possible, but in any event not later than seven (7) days after the date that such Defect and Deficiency is identified, and, in the case of known defects or deficiencies in Owner Furnished Equipment and Materials, notify and request a solution from Owner or Owner Contractors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2.2&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall correct, or cause to be corrected, all Defects and Deficiencies as soon as practicable under the circumstances, and shall correct, or cause to be corrected, (a) any Defects or Deficiencies identified during the design process prior to the date that the procurement process begins, (b) any Defects or Deficiencies identified during the procurement process prior to the date that the shipping of Materials and equipment begins, (c) any Defects or Deficiencies identified during the performance of the Work prior to the start of the Demonstration Tests, (d) any Defects identified during the Demonstration Tests prior to the start of the Performance Tests (excluding Punch List Items), and (e) any Defects or Deficiencies identified during the Performance Tests prior to re-running the Performance Tests (excluding Punch List Items); *provided that* with respect to clauses (a) through (e) above, Contractor shall have the right, upon prior written notice to Owner, to re-sequence the Work (including not correcting the Defects in the order required by this <u>Section 10.2.2</u>) as necessary to correct such Defects or Deficiencies as efficiently and expeditiously as possible.

**10.3&nbsp;&nbsp;&nbsp;&nbsp;INSPECTION RIGHTS.**

Owner and the Owner Designees shall have the right to inspect in accordance with Owner Standards all Work performed in accordance with this Agreement and any item of Materials, service or workmanship to be provided in accordance with this Agreement as and to the extent described in <u>Exhibit A</u> or referred to elsewhere herein, and Contractor shall arrange such inspection, at the request of Owner, at any location that Work is performed or where Materials are fabricated or stored. With respect to tests which Contractor is required to perform hereunder pursuant to <u>Exhibit A</u> or <u>Exhibit R</u>, whether the tests take place at Contractor's factory, or at the factory of a Subcontractor, or the Job Site, Contractor shall supply all necessary labor, materials, equipment, apparatuses, instruments and competent test personnel who shall be able to take

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complete charge of the tests, and shall be authorized to represent and make decisions for the proper carrying out of the tests; *provided*, *however*, that with respect to any test set forth in <u>Exhibit A</u> or <u>Exhibit R</u> which Owner or the Owner Designees are entitled to witness, Contractor shall not be required to re-perform such test by virtue of Owner's or the Owner Designees' failure to observe same if Owner shall have been given at least fifteen (15) Days' notice thereof (except for routine in process inspections). Owner shall at any time have the right to reject, or to direct Contractor to reject, any such portion of the Work, including any design, engineering, Materials, installation, tools or supplies, which in Owner's reasonable judgment do not conform to the provisions hereof, including the requirements set forth in <u>Exhibit A</u> and the Drawings and Specifications, or which contain Defects or Deficiencies. Upon such rejection, Contractor shall as soon as practicable under the circumstances, but in no case later than the commencement of the Performance Tests, remedy any such condition identified by Owner as giving rise to such rejection. In the case of discovered defects or deficiencies in Owner Furnished Equipment or Material, Contractor shall promptly notify Owner. Copies of all test certificates, performance curves and data sheets required by Owner shall be supplied by Contractor to Owner's Representative in reproducible form. Sufficient information is to be given on all test certificates, performance curves and data sheets to enable the Materials to which they refer to be identified.

**10.4&nbsp;&nbsp;&nbsp;&nbsp;THIRD PARTY INSPECTION.**

Contractor understands that the Owner Designees or the Lenders, and certain Government Authorities have or shall have the right, from time to time, to observe and inspect the Work and the Facility and to observe all tests of the Work and the Facility. Contractor shall allow such third-party inspectors access to the Work and the Facility and, upon execution by a third-party (excluding Government Authorities) of a confidentiality agreement with Contractor, to the Contractor's technical and design records pertaining thereto, so long as either Owner's Representative is present or Contractor has obtained the prior written approval of Owner. Owner agrees to protect as confidential anything designated by Contractor as such, whether by notation thereon or separate Notice; *provided that* in no event shall Owner be liable to Contractor for the failure of any party (other than Owner) to comply with the confidentiality requirements of Contractor.

**10.5&nbsp;&nbsp;&nbsp;&nbsp;EFFECT OF WAIVER OF INSPECTION RIGHTS.**

In the event that Owner or the Owner Designees shall waive or fail to exercise their right to test and inspect as herein provided, such waiver or failure shall in no way relieve Contractor of its obligations to perform the Work, or any part of it, in accordance with this Agreement, nor shall such waiver or failure prejudice or affect the rights of Owner or the Owner Designees set forth herein; nor shall any test or inspection by Owner, any Lenders or the Owner Designees or any failure to test or inspect be construed as an approval or acceptance of the Work or any part thereof. However, if any test or inspection is otherwise successful, the failure of any or all of Owner or the Owner Designees to attend such test or inspection shall not alter the successful nature of the test or inspection; *provided*, *however*, that Contractor shall promptly provide to Owner detailed information of the test or inspection, including the information specified in <u>Section 10.3</u>.

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**11.&nbsp;&nbsp;&nbsp;&nbsp;HEALTH, SAFETY, SECURITY AND ENVIRONMENT**

**11.1&nbsp;&nbsp;&nbsp;&nbsp;COMPLIANCE.**

Contractor shall support the development, implementation, and administration of a health, safety, security and environment program (the "***HSSE Program***") consistent with the Occupational Safety and Health Act of 1970 ("***OSHA***") and shall take all actions necessary or advisable to ensure the HSSE Program is in compliance with OSHA regulations. Notwithstanding the foregoing, each Owner Contractor shall be solely responsible for the safe performance of its work and the safety of its personnel, and for compliance with federal, state and local statutes, rules, regulations and codes applicable to the performance of its work, including any related corrective actions. Contractor will not be responsible for Owner Contractors' compliance with any related federal, state or local safety and health regulations and, as between Owner and Contractor, shall have no control or authority to correct, or direct the Owner Contractors to correct, safety and health violations. Contractor shall not be deemed to be a "controlling" or "correcting" employer with respect to the Owner Contractors as those terms have been interpreted under OSHA.

**11.2&nbsp;&nbsp;&nbsp;&nbsp;HSSE PROGRAM.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2.1&nbsp;&nbsp;&nbsp;&nbsp;Contractor has submitted for Owner's review and approval, as being in accordance with Owner Standards and <u>Exhibit U</u>, the HSSE Program. Owner has reviewed the HSSE Program and confirms its approval; *provided*, *however*, that Owner may at any time require Contractor to amend the HSSE Program during the Work if it is not in accordance with the requirements of the Agreement. The individual(s) responsible for implementing the HSSE Program shall be identified by Contractor to Owner. Contractor shall be responsible for initiating, maintaining and supervising all safety precautions and programs in connection with the Work in accordance with applicable Law, the Contractor's safety procedures and Owner Standards.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2.2&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall provide sufficient supervision for health, safety, security and environmental protection ("***HSSE***") and take all precautions necessary to provide all protection to prevent damage, injury or loss to (a) all employees engaged in connection with the Work and all other Persons who may be affected thereby, (b) all the Work and all Materials to be incorporated therein, whether in storage on or off the Job Site, under the care, custody or control of Contractor or any Subcontractors, (c) other property at the Job Site or adjacent thereto or the access route to the Job Site, including trees, shrubs, lawns, walks, pavements, roadways, structures and utilities not designated for removal, relocation or replacement in the course of construction or (d) the environment (except as otherwise permitted under any Permit).

**11.3&nbsp;&nbsp;&nbsp;&nbsp;SAFEGUARDS.**

Contractor shall erect and maintain, as required by existing conditions and progress of the Work, all HSSE-related safeguards, including physical barriers, fences and railings. Contractor shall post danger signs and other warnings against hazards, promulgate safety regulations and notify owners and users of adjacent utilities of any dangerous or hazardous conditions. In

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accordance with Laws, Permits, Applicable Codes and Standards, and Owner Standards, Contractor shall exercise the utmost care in the use and handling of explosives or other Hazardous Substances or equipment and only competent, trained and experienced employees of Contractor or of any Subcontractor shall be permitted to handle such explosives or other Hazardous Substances or equipment. All warning signs and notices shall be in English, Spanish and such other language as appropriate so that the safety communications will be understood by all personnel.

**11.4&nbsp;&nbsp;&nbsp;&nbsp;HSSE INCIDENTS.**

Contractor shall have the following HSSE incident and near miss reporting obligations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4.1&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall report in writing to Owner (and, to the extent required by any applicable Law, Applicable Codes and Standards or applicable Permit, the appropriate Government Authority) details of any HSSE-related incident that occurs on or in the vicinity of the Job Site as soon as possible after its occurrence, but in any event no later than twenty-four (24) hours after such HSSE-related incident occurs. In the case of any fatality or Severe Injury, Contractor shall immediately (a) notify Owner (and, to the extent required by any applicable Law, Applicable Codes and Standards or Permits, the appropriate Government Authority), (b) stop all Work on or in the vicinity of the Job Site, (c) and schedule a meeting as soon as practical (but no later than twenty-four (24) hours after the occurrence of such fatality or Severe Injury) with Owner to review the incident and, if necessary and/or required by Owner, revise the Contractor's HSSE precautions and programs. Following any meetings with Owner pursuant to this <u>Section 11.4.1</u>, Contractor shall implement all revisions to the Contractor's safety precautions and programs as required by Owner, and upon Notice from Owner, Contractor shall recommence the performance of the Work. Contractor shall initiate incident investigations as soon as practical (but no later than forty-eight (48) hours after the occurrence of such HSSE-related incident). Owner shall be invited to participate in all investigations, and may elect to be an active participant in any investigation and reserves the right to perform a parallel investigation. Contractor shall promptly send Owner copies of all citations issued by a Government Authority against Contractor resulting from or relating to an incident while performing the Work. Contractor shall report any HSSE-related incident and near misses at weekly HSSE meetings for review and discussion. Any delays in, or additional costs incurred in connection with, the Work resulting from the Contractor's compliance with this <u>Section 11.4.1</u> shall not form the basis for a Change Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4.2&nbsp;&nbsp;&nbsp;&nbsp;In the event of any emergency situation that endangers or could endanger life, property or the environment, Contractor shall take such action as may be reasonable and necessary to prevent, avoid or mitigate injury, damage or loss and shall, as soon as possible, report any such incidents, including the Contractor's response and actions with respect thereto, to Owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4.3&nbsp;&nbsp;&nbsp;&nbsp;Whenever Owner shall, in its sole discretion, determine that such an emergency situation exists, or is imminent, with respect to any part or all of the Work or other activities on the Job Site, Owner shall have the right to occupy and control the Job Site and, should Owner

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deem it necessary, to modify any aspect of the Work related to such emergency situation including stopping or altering the Work.

**12.&nbsp;&nbsp;&nbsp;&nbsp;CHANGES IN THE WORK.** 

**12.1&nbsp;&nbsp;&nbsp;&nbsp;GENERAL.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.1&nbsp;&nbsp;&nbsp;&nbsp;Owner may at any time order changes to the Work. Contractor may propose changes to the Work for Owner's consideration; *provided that* Owner shall not be obligated to approve any such change. Contractor shall be entitled to receive a Change Order in accordance with the provisions of <u>Section 12.1.2</u> with respect to: (a) Force Majeure Events; (b) Owner Caused Delays; (c) Owner-directed or approved changes; (d) any error, inaccuracy or omission in or change by Owner to the Relied Upon Information that demonstrably and adversely affects Contractor's costs and/or ability to perform the Work in accordance with the Project Schedule; (e) as provided elsewhere in this Agreement including in <u>Sections 12.4</u> and <u>16.3.2</u>; (f) Pre-Existing Hazardous Substances which demonstrably and adversely impact Contractor's costs and/or ability to perform the Work in accordance with the Project Schedule (except to the extent any additional costs or delay is the result of Contractor's, its Subcontractors' Grossly Negligent act or omission or willful misconduct in the handling, storage or transportation of any Pre-Existing Hazardous Substance after discovery by Contractor, a Subcontractor); (g) suspensions in the Work in accordance with <u>Section 17.1.1</u> or <u>Section 17.1.2</u>; (h) any Change in Law that increases the Direct Costs of the Work by more than [\*\*\*]; *provided that*, (1) with respect BH Testing Delay, the Change Order which shall be limited to a day-for-day extension of the applicable LNG Production System Substantial Completion Date or the Facility Substantial Completion Date, as the case may be, equal to the number of days of such BH Testing Delay, and (2) adjustments may be made to a Completion Date only as a result of an Owner Caused Delay.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.2&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall be entitled to receive only one Change Order with respect to the same act or event and shall not be entitled to aggregate the cumulative impact of such act or event or two or more acts or events. Unless a particular activity is demonstrated to adversely impact (a) the Critical Path, and (b) an LNG Production System Substantial Completion Deadline or the Facility Substantial Completion Deadline, no adjustment to such LNG Production System Substantial Completion Deadline or Facility Substantial Completion Deadline, as applicable, shall be made, and any adjustments to the Project Schedule made in connection with a Change Order shall be reduced by any available float for such activity. For the avoidance of doubt, Owner owns all float in the schedule.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.3&nbsp;&nbsp;&nbsp;&nbsp;Except for Owner-directed changes under <u>Section 12.3</u>, all changes in the Work shall be authorized by a written Change Order executed by Owner and Contractor. Any such Change Order shall be accompanied by additional and/or revised Drawings and Specifications, as reasonably necessary, and shall be priced as provided in <u>Section 12.2</u>. All such changes shall be performed under and governed by the provisions hereof and the relevant Change Order. Contractor acknowledges and agrees that the Independent Engineer is not an agent of Owner and is not authorized to execute Change Orders on behalf of Owner.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.4&nbsp;&nbsp;&nbsp;&nbsp;Contractor agrees that any Change Order shall accurately estimate the total costs and schedule effects related to (a) the implementation of the stated changes, (b) the cumulative impact of effects resulting from the stated changes on all prior Work and changes in the Work to be performed as scheduled, and (c) any costs associated with expediting the Work to mitigate the effect of any change or delay which costs shall be included in the Change Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.5&nbsp;&nbsp;&nbsp;&nbsp;No Change Order shall be issued in connection with any Defects or Deficiencies on the part of Contractor or any Subcontractor in the performance of the Work hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.6&nbsp;&nbsp;&nbsp;&nbsp;No Change Order request by Contractor shall be permitted after the Final Request for Payment is submitted. The Parties shall not be bound to any changes to the Work or this Agreement unless expressly set forth in a Change Order that has been signed by both Parties (or solely by Owner under <u>Section 12.3.1</u>) or determined in accordance with the dispute resolution procedures set forth in <u>Article 36</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.7&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall not comply with any oral changes in the Work received from or on behalf of Owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.8&nbsp;&nbsp;&nbsp;&nbsp;Except as specifically set forth in a Change Order, no Change Order shall modify or affect: (a) the Work or the requirements set forth herein; (b) the Target Price; (c) the Project Schedule; (d) the Critical Path; (e) any Applicable Deadline, (f) the Demonstration Tests or the Performance Tests; or (g) any other right, liability or obligation of Contractor hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.9&nbsp;&nbsp;&nbsp;&nbsp;Contractor's Margin shall not be decreased and may only be increased if an Owner proposed change increases the nameplate capacity of Facility to more than [\*\*\*]metric tonnes per annum of LNG due to increases in the number of liquefaction trains and that exceeds [\*\*\*] of the Target Price. In such case, Contractor's Margin shall be calculated by multiplying the total costs pursuant to <u>Section 12.1.4</u>, which while estimated will be considered fixed for this purpose, by [\*\*\*]. Except as specifically set forth in this <u>Section 12.1.9</u>, Contractor's Margin shall not be increased.

**12.2&nbsp;&nbsp;&nbsp;&nbsp;CHANGE ORDER PROCESS.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2.1&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall provide Notice to Owner as soon as practicable, but no later than five (5) Business Days, after the time when Contractor knows of the impact of any Force Majeure Event, Owner Caused Delay or any other basis for a Change Order that will impact the Work. Failure to provide such Notice within five (5) Business Days after the time when Contractor knows of the impact of any Force Majeure Event shall be deemed to be a waiver of the Contractor's right to receive a Change Order with respect thereto. Such Notice shall, to the extent practicable, specify the estimated impact on the Target Price and/or the Project Schedule, as applicable, the impact upon the various portions of the Work occasioned by reason of such Force Majeure Event, Owner Caused Delay or any other basis for a Change Order, and shall substantiate the foregoing to the satisfaction of Owner. In the event that Contractor does not know or is unable to specify with reasonable certainty the impact upon the Work at the time such Notice is to be delivered, Contractor shall instead provide Owner with a notice of a potential or anticipated impact of any Force Majeure Event, Owner Caused Delay or any other basis for a

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Change Order that could impact the Work, and shall thereafter provide Owner (and, if requested by Owner, the Independent Engineer) with periodic supplemental Notices during the period that the Force Majeure Event, Owner Caused Delay or any other basis for a Change Order, as applicable, continues, detailing any developments, progress or other relevant information of which Contractor is aware. To the extent Owner (in consultation with the Independent Engineer with respect to a Material Change) agrees with the Contractor's determination of a Force Majeure Event or Owner Caused Delay or any other basis for a Change Order, as applicable, and the effects thereof, Owner shall notify Contractor of Owner's acceptance. In the event Owner (in consultation with the Independent Engineer with respect to a Material Change) does not accept the Contractor's findings, Owner or Contractor shall be permitted to dispute such Change Order in accordance with <u>Article 36</u>, and Contractor shall be paid for any Work performed in respect of such disputed Change Order as provided in <u>Section 12.2.5</u>. Notwithstanding the time requirements in this <u>Section 12.2.1</u>, Contractor shall have thirty (30) Days from the Effective Date or the date of receipt, whichever is later, to review Relied Upon Information and provide Notice to Owner of any changes to the Work (if any) arising therefrom. Subsequent to that initial review period, the time requirements of this <u>Section 12.2.1</u> shall also apply to Relied Upon Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2.2&nbsp;&nbsp;&nbsp;&nbsp;As soon as practicable, and in any event within fifteen (15) Days (or such other period as is mutually agreed by Owner and Contractor) after receipt from Owner of a request for a change or Notice of Owner's acceptance under <u>Section 12.2.1</u>, Contractor shall submit to Owner a proposal for implementing the change indicating the estimated change to the Target Price and/or the Project Schedule, as applicable. If Owner (having consulted with the Independent Engineer in the case of a Material Change) agrees that the Contractor's proposal should be implemented, Owner (having consulted with the Independent Engineer in the case of a Material Change) shall issue a Change Order incorporating such proposal, which shall then be signed by both parties as required by <u>Section 12.1.3</u>. Subject to <u>Section 12.2.5</u>, upon receiving such mutually signed Change Order, Contractor shall diligently perform the change in accordance with the terms thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2.3&nbsp;&nbsp;&nbsp;&nbsp;Contractor's proposal required pursuant to <u>Section 12.2.2</u> shall consist of: (a) a detailed material take-off with supporting calculations in accordance with the pricing structure herein, for pricing the change, (b) revisions, if any, to the Drawings and Specifications, (c) a schedule for the work associated with the proposed change, (d) the effect, if any, to the Target Price and/or the Project Schedule, as applicable, (e) the effect, if any, of the change on the Work, including the Performance Tests and/or Demonstration Tests (or protocol therefor), (f) changes, if any, to any right, liability or obligation of a Party or any other provision hereof, and (g) changes, if applicable, to any Applicable Deadline or Schedule Milestone Completion Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2.4&nbsp;&nbsp;&nbsp;&nbsp;Contractor's supporting calculations shall show: (a) the estimated unit quantities, home office and Job Site manpower, Material usage and services to be added and/or deducted by size, type and/or amount provided; (b) the industry estimating reference or other basis used to determine prices, man-hours per unit of installed Materials, rental rates and other similar cost standards; (c) detailed cost breakdown for manpower, engineering and Materials; and (d) impacts, if any, to the Critical Path.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2.5&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall not suspend performance of this Agreement during the review and negotiation of any change (regardless of whether such change is proposed by Contractor or Owner), except as may be directed by Owner. Contractor shall commence and perform the changed Work specified in the Change Order issued by Owner under <u>Sections 12.2.2</u> or <u>12.3.1</u>, on a cost-reimbursable basis, using <u>Exhibit B-1</u> and <u>Exhibit C</u> as the basis for such compensation. In the event Owner and Contractor are unable to reach agreement on the estimated cost of a change, or time for performance of changed Work, disagreements regarding such Change Order shall be subject to the dispute resolution procedures set forth in <u>Article 36</u>. Pending resolution of the Dispute, Contractor shall perform the Work as specified in such Change Order and Owner shall continue to pay Contractor all Direct Costs and Contractor's G&A applicable thereto associated with such Change Order.

**12.3&nbsp;&nbsp;&nbsp;&nbsp;DISPUTED CHANGES.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3.1&nbsp;&nbsp;&nbsp;&nbsp;If Owner (having consulted with the Independent Engineer in the case of a Material Change) disagrees in any way with any proposal of Contractor under <u>Section 12.2</u>, Owner may issue a Change Order to Contractor changing the Work and/or Project Schedule, which Change Order is executed solely by Owner, and Contractor shall be entitled to payment as set forth in <u>Section 12.2.5</u> and the impact to the Target Price and/or the Project Schedule, as applicable, shall be resolved pursuant to the dispute resolution procedures set forth in <u>Article 36</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3.2&nbsp;&nbsp;&nbsp;&nbsp;Any Change Order executed solely by Owner shall be accompanied by the Contractor's proposal marked to show Owner's modifications thereto and shall order Contractor to implement the change in accordance with the proposal as modified by Owner.

**12.4&nbsp;&nbsp;&nbsp;&nbsp;CHANGES DUE TO UNKNOWN SUBSURFACE CONDITIONS.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.4.1&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall be entitled to receive a Change Order to the extent that it encounters subsurface conditions including geotechnical conditions, archaeological artifacts, fossils, underground utilities or manmade structures which materially differ from, or were not disclosed or provided to Contractor by Owner in <u>Exhibit M</u> or the Geotechnical Reports or which were not identified by Contractor (or were not reasonably inferable or foreseeable) on the basis thereof, that (a) cannot be safely removed by heavy equipment present at the Job Site at no additional cost and without delay to Contractor, (b) are not Job Site Conditions, and (c) cause an increase in the cost to complete the Work or cause a delay in Contractor's performance of any Critical Path activities, to the extent actually and demonstrably caused by the existence of such geotechnical conditions, archaeological artifacts, fossils, underground utilities or manmade structures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.4.2&nbsp;&nbsp;&nbsp;&nbsp;In the event Contractor encounters any conditions listed in <u>Section 12.4.1</u> at the Job Site, Contractor shall leave such sites untouched and protected by fencing and shall immediately stop any Work affecting the area. Contractor shall notify Owner of any such discovery as soon as practicable, and Contractor shall carry out Owner's instructions for dealing with the same. Contractor shall prevent its personnel, its Subcontractors' personnel and any other Persons from removing or damaging any such article or thing.

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**12.5&nbsp;&nbsp;&nbsp;&nbsp;INFORMATION REQUESTS.**

Owner may request that Contractor provide written information (prior to the issuance of a request for change) regarding the effect of a contemplated change on (a) the Work or the requirements set forth in <u>Exhibit A</u>, (b) the Target Price, (c) the Project Schedule, (d) the Critical Path, (e) any Applicable Deadline or Schedule Milestone Completion Date, if applicable, (f) the Demonstration Tests or Performance Tests, or (g) any right, liability or obligation of Contractor hereunder. The purpose of such a request will be to determine whether or not a change will be requested. Contractor shall provide the requested information within fourteen (14) Days after the receipt of said request or alternatively inform Owner of the need for additional time to provide the requested information, which shall not exceed an additional fourteen (14) Days. Such an information request by Owner is not a Change Order and shall not be construed to authorize Contractor to commence performance of the contemplated change in the Work.

**13.&nbsp;&nbsp;&nbsp;&nbsp;PROJECT SCHEDULE AND MONTHLY PROGRESS REPORTS.**

**13.1&nbsp;&nbsp;&nbsp;&nbsp;GENERAL.**

Contractor shall prosecute the Work in accordance with or in advance of the Project Schedule; *provided*, *however*, that any failure of Contractor to adhere to the Project Schedule, for reasons which are not otherwise excused hereunder, shall not limit or otherwise reduce its obligations or liabilities hereunder.

**13.2&nbsp;&nbsp;&nbsp;&nbsp;PROJECT SCHEDULE.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2.1&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall develop, deliver and maintain the Project Schedule in accordance with <u>Exhibit E</u>. The Project Schedule shall be the reference schedule for the duration of the Work, and shall be in the form of <u>Exhibit D</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2.2&nbsp;&nbsp;&nbsp;&nbsp;Except as provided in <u>Article 12</u> or otherwise expressly in accordance with <u>Exhibits D</u> and <u>E</u>, Contractor shall not make any alterations to the Project Schedule. During the performance of the Work, Contractor and Owner (including Owner's Representative or his designee, and any other Persons designated by Owner, and the Contractor's Key Personnel) shall, at a minimum, conduct meetings as provided in <u>Exhibit E</u> for the purpose of reviewing the progress of the Work, the latest Monthly Progress Report, the Quality Management Plan, the HSSE Program, the Contractor's, Subcontractors' adherence to the requirements set forth in <u>Exhibit A</u>, the Critical Path and the Project Schedule as well as the status of any claims on the Facility, the Job Site or the Work and claims submitted pursuant to the terms of this Agreement.

**13.3&nbsp;&nbsp;&nbsp;&nbsp;MONTHLY PROGRESS REPORTS.**

Contractor shall prepare and submit a monthly report meeting the requirements of <u>Exhibit I</u> (each, a "***Monthly Progress Report***") to Owner, Owner's Representative and the Independent Engineer with each Request for Payment but in no event later than the tenth (10<sup>th</sup>) day of each month. Submission of Monthly Progress Reports shall continue until Contractor has completed all Work that is known to be outstanding at the time of Final Completion. Monthly Progress

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Reports shall include information relating to the performance of the Owner Contractors and the other information set forth in <u>Exhibit I</u>. The Parties agree that slippages in the Critical Path caused by Contractor or its Subcontractors may be remedied by recovery plans and acceleration plans in accordance with <u>Section 16.3</u>, consisting of critical services, expediting of critical Material and equipment, the addition of productive construction equipment, additional competent supervision and other similar beneficial resources. It is further agreed that slippages in the Project Schedule known to Contractor will not be concealed from Owner, the Independent Engineer or the Lenders in the monthly reports.

**14.&nbsp;&nbsp;&nbsp;&nbsp;TRAINING.**

Contractor shall be responsible for supporting Owner's training program for Owner's and/or its Affiliate's regular operating personnel listed in <u>Exhibit Q</u> in accordance with <u>Exhibit G</u>. Training aids shall be provided by Contractor as required to adequately present the subject material. The general topics of the training will encompass reasonable information necessary for efficient and proper operation of each LNG Production System and the Facility, including operation, maintenance and repair. Training will consist of classroom, on-the job operational training and training using simulation software as necessary to comply with the requirements of this <u>Article 14</u> and the requirements set forth in <u>Exhibit A</u>. Contractor shall design and submit an outline of a training program to Owner within one hundred eighty (180) Days after the Notice to Proceed Date and a detailed training program one hundred eighty (180) Days prior to commencement of training. Owner shall have a period of thirty (30) Days following submittal to it of the training program outline or detailed program to approve or comment upon each submittal. Contractor shall effect changes in response to Owner's comments and resubmit the training procedures for Owner's review and approval within fifteen (15) Days of receipt of such comments from Owner, and Owner shall have a further period of fifteen (15) Days following such resubmittal to approve. The training documentation and instruction shall be in the English language. All of the Contractor's personnel supporting the training program will speak fluent English as reasonably determined by Owner. All training support and aids provided by Contractor shall stress strict compliance with the operation and maintenance manuals, operating instructions, system checklists and/or procedures. If any of the Contractor's personnel supporting the training program repeatedly allow, encourage or demonstrate any attitudes or work practices that are not in strict compliance with the operation and maintenance manuals, operating instructions, system checklists and/or procedures, such training personnel shall be replaced by Contractor.

**15.&nbsp;&nbsp;&nbsp;&nbsp;TESTING.**

**15.1&nbsp;&nbsp;&nbsp;&nbsp;FACTORY TESTS.**

Contractor shall perform all customary or required factory tests of the Materials to the extent required by <u>Exhibit A</u> or <u>Exhibit R</u> or by Owner Standards. Contractor shall issue a test memorandum to Owner no later than thirty (30) Days prior to the commencement of each factory test, which memorandum shall describe the factory test to be performed, the applicable item of Material being tested, the standards and method of testing, and the testing facility's capabilities and shall state a proposed test date. Owner's Representative and the representative of the

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Independent Engineer shall be permitted to attend and participate in all such factory tests. Contractor shall provide the results of such required factory tests to Owner within ten (10) Days of the completion of each such factory test. Successful completion of such factory test shall be a precondition to shipment of the tested item of Material.

**15.2&nbsp;&nbsp;&nbsp;&nbsp;DEMONSTRATION TESTING.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.2.1&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall assist Owner in development of the Demonstration Test procedures and a level 3 Demonstration Test schedule at least sixty (60) Days before commencement of the Demonstration Tests in accordance with (and as defined in) <u>Exhibit R</u>. Prior to commencing any Demonstration Tests, Contractor shall submit to Owner a certification that the Facility is free of known Defects and Deficiencies and ready for performance of the Demonstration Tests in accordance with <u>Exhibit R</u>. Owner shall give at least ten (10) Business Days' prior Notice to Contractor and all relevant Subcontractors and Owner Contractors of the commencement of any Demonstration Tests so that such parties can schedule its personnel to witness such Demonstration Tests. Contractor shall incorporate the anticipated Notice dates for each Demonstration Test into the Project Schedule and keep such Notice dates updated.

**15.3&nbsp;&nbsp;&nbsp;&nbsp;PERFORMANCE TESTING.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.3.1&nbsp;&nbsp;&nbsp;&nbsp;Unless Owner otherwise consents in writing (which consent may be withheld in Owner's sole discretion and for any reason), all Demonstration Tests must be completed, as applicable, and all Defects or Deficiencies that have been identified by such Demonstration Tests remedied prior to the start of any Performance Tests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.3.2&nbsp;&nbsp;&nbsp;&nbsp;Owner or its Affiliate will cause qualified and experienced personnel to be available for executing the Performance Tests and any rerun thereof in compliance with this Agreement and <u>Exhibit R</u>. Owner shall manage the operation and maintenance personnel (including the personnel of Contractor) during the Performance Tests. In addition, Contractor shall provide the support services necessary at the Job Site for the installation, start-up and performance of the Commissioning of each LNG Production System and the Facility and the running or rerunning of the Performance Tests in accordance with the requirements of the Performance Tests and the provisions hereof. The Contractor's Representative shall have full authority to represent Contractor and to acknowledge Defects or Deficiencies in the Facility, direct the proper conduct of remedial actions relating to the performance of the Facility and the execution of the Performance Tests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.3.3&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall provide preliminary Notice to Owner and the Independent Engineer not less than ninety (90) Days prior to the date that Contractor expects the relevant Work and/or Owner Furnished Equipment and Materials to be ready for the Performance Tests. Contractor shall provide an additional Notice to Owner and the Independent Engineer not less than five (5) Business Days prior to the date that Owner will perform the Performance Tests. The Performance Tests for an LNG Production System or the Facility, as applicable, shall be executed as soon as practicable after LNG Production System Mechanical Completion of such LNG Production System or Facility Mechanical Completion, as applicable, and completion of the Demonstration Tests, as applicable, for such LNG Production System or the Facility;

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*provided that*, at Owner's discretion, Owner may take into account the interim operations of the Facility by Owner and Owner's contractual commitments to purchasers of LNG to be produced and loaded at the Facility in scheduling Performance Tests. For the avoidance of doubt, the Parties agree that LNG Production System Mechanical Completion of an LNG Production System or Facility Mechanical Completion, as applicable, will precede the start of the performance of the Demonstration Tests, as applicable, for such LNG Production System or the Facility and that the Demonstration Tests, as applicable, for an LNG Production System or the Facility will precede the start of the Performance Tests for such LNG Production System or the Facility. It is further agreed that Defects or Deficiencies affecting the safe, proper or reliable operation of an LNG Production System which are discovered prior to achieving LNG Production System Mechanical Completion of an LNG Production System or Facility Mechanical Completion, as applicable, will be remedied before starting the Demonstration Tests, as applicable, for such LNG Production System or the Facility and any such Defects discovered during the performance of the Demonstration Tests, as applicable, for such LNG Production System or the Facility will be remedied prior to the performance of the Performance Tests for such LNG Production System or the Facility. Defects or Deficiencies discovered during any Performance Tests may, in the sole, reasonable judgment of Owner, require remedy and a subsequent Performance Test; *provided that*, if the immediately prior Performance Test was successfully passed, then any subsequent Performance Test shall not prevent Contractor's achievement of LNG Production System Substantial Completion of an LNG Production System or Facility Substantial Completion, as applicable. Notices by Contractor certifying that each of the aforementioned stages have been completed in full compliance with this Agreement must be accepted by Owner in writing, such acceptance not to be unreasonably withheld or delayed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.3.4&nbsp;&nbsp;&nbsp;&nbsp; Contractor shall be responsible to perform all Work necessary, including to correct any Defects and Deficiencies, for the Facility to successfully pass the Performance Tests described in and to the extent required by <u>Exhibit R</u> (including the 72-hour Facility System Reliability Test) (the "***Facility Performance Tests***"), Contractor shall be obligated hereunder to perform all Work necessary to successfully pass all of the Facility Performance Tests as soon as reasonably practicable from and after the earlier to occur of: (a) Owner performs the Facility Performance Tests in accordance with this Agreement and the Facility fails to successfully pass all of the Facility Performance Tests [\*\*\*] times, or (b) Owner performs the Facility Performance Tests in accordance with this Agreement and the Facility fails to successfully pass all of the Facility Performance Tests within [\*\*\*] days after the LPS6 Substantial Completion Date, including facilitating the performance by an Owner Contractor of its warranty or make good obligations to Owner in respect of the Owner Furnished Equipment and Materials, but Contractor shall have no obligation to correct defects or deficiencies in the Owner Furnished Equipment and Materials. Without limiting the foregoing, Contractor acknowledges and agrees that its obligation to perform all Work necessary to successfully pass all of the Facility Performance Tests is an absolute, unconditional, "must meet" obligation. Contractor shall be entitled to payment of any Direct Costs incurred and Contractor's G&A and Contractor's Margin applicable thereto in performing the Work necessary to successfully pass all of the Facility Performance Tests.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.3.5&nbsp;&nbsp;&nbsp;&nbsp;During the Warranty Period, Owner may, or may require Contractor to, conduct a test of any item of Material, component or system that has required modification, repair or replacement under warranty. Such test shall include, where necessary or appropriate, additional Demonstration Tests or Performance Tests (as described in <u>Exhibit R</u>), in each case, having a scope and duration reasonably necessary to demonstrate the absence of any adverse effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.3.6&nbsp;&nbsp;&nbsp;&nbsp;If the completed Work, or any section thereof, fails to pass a test required hereunder, Owner may require such failed tests to be repeated under the same terms and conditions.

**15.4&nbsp;&nbsp;&nbsp;&nbsp;CORRECTION OF PERFORMANCE DEFECTS OR DEFICIENCIES.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.4.1&nbsp;&nbsp;&nbsp;&nbsp;At any time prior to LNG Production System Substantial Completion of an LNG Production System or Facility Substantial Completion, as applicable, Contractor shall advise Owner in writing of any (a) Defects or Deficiencies in or (b) defects or deficiencies in the Owner Furnished Equipment and Materials forming part of, such LNG Production System or the Facility, as applicable, that were discovered at any time or that occurred during the Performance Tests for such LNG Production System or the Facility. Contractor shall promptly commence and complete corrective measures to remedy such Defects or Deficiencies; *provided*, *however*, without prejudice to Contractor's express obligations related to the Owner Furnished Equipment and Materials as set forth in the definition of "Work" such as integration and installation of Owner Furnished Equipment and Materials, Contractor has no obligation to correct defects or deficiencies in the Owner Furnished Equipment and Materials forming part of such LNG Production System or the Facility. All portions of the Work that contain Defects or Deficiencies not so corrected shall be repaired or removed from the Job Site if necessary. If Contractor fails to initiate correction of Work having such Defects or Deficiencies within seven (7) Days after discovery of such Defects or Deficiencies, Owner may correct such Work. If Contractor does not, within ten (10) Days of Notice from Owner, remove or repair Work (or initiate removal thereof) which has Defects or Deficiencies, Owner may, in its discretion, remove, repair, store, sell or dispose of such Work. Contractor shall promptly provide Notice to Owner in writing that such corrective measures have been completed and shall specify in such Notice the date on which the LNG Production System or the Facility will be ready for the Performance Tests to be rerun. Contractor's obligation to correct Defects or Deficiencies includes uncovering, recovering, correcting and removing Work that contains Defects or Deficiencies, as well as modifying, removing, disassembling, uncovering, rebuilding, re-engineering, replacing or covering or otherwise handling all other Work affected by such Defects or Deficiencies or the correction thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.4.2&nbsp;&nbsp;&nbsp;&nbsp;In preparation for the effort to remedy such Defects or Deficiencies discovered after LNG Production System Substantial Completion of an LNG Production System or Facility Substantial Completion, as applicable, Owner shall provide personnel and Contractor shall supervise and direct such personnel in the disconnection of the Work from all piping and the cleaning, freeing of liquids, solids, explosives and combustibles, toxic and asphyxiant gases and otherwise making safe for performance of the repair work. Contractor shall promptly provide Notice to Owner in writing that such corrective measures have been completed and shall specify

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in such Notice the date on which the LNG Production System or the Facility will be ready for the Performance Tests to be rerun. If Contractor fails to initiate correction of Work having such Defects or Deficiencies within seven (7) Days after discovery of such Defects or Deficiencies, Owner may correct such Work. If Contractor does not, within ten (10) Days of Notice from Owner, repair or remove Work (or initiate removal thereof) which has Defects or Deficiencies, Owner may, in its discretion, remove, repair, store, sell or dispose of such Work.

**16.&nbsp;&nbsp;&nbsp;&nbsp;TIME FOR PERFORMANCE AND SCHEDULE.**

**16.1&nbsp;&nbsp;&nbsp;&nbsp;TIME FOR COMPLETION.**

Contractor shall use commercially reasonable efforts to cause (a) each LNG Production System Substantial Completion Date to occur no later than the relevant LNG Production System Substantial Completion Deadline, (b) the Facility Substantial Completion Date to occur no later than the Facility Substantial Completion Deadline, and (c) the Final Completion Date to occur no later than the Final Completion Deadline. If an Applicable Deadline shall be actually, demonstrably and adversely affected by an excusable event hereunder including Owner Caused Delay or Force Majeure Event, and to the extent such delay could not be avoided or mitigated by Contractor, then such Applicable Deadline shall be adjusted pursuant to a Change Order; *provided that* Contractor shall have provided proper Notice to Owner in accordance with <u>Section 12.1.2</u> and that the conditions set forth in <u>Section 12.1.3</u> (if applicable) are satisfied. Contractor will design (to the extent included in the Work) and integrate the Facility, supply all necessary Materials, and schedule its activities (including the scheduling of deliveries as early as practical) taking into account the possible schedule impact of reasonably foreseeable delays and take all reasonably necessary measures to mitigate the effects of any such event enumerated in the preceding sentence and to cause the occurrence of LNG Production System Substantial Completion of each LNG Production System on or before the applicable LNG Production System Substantial Completion Deadline, the occurrence of Facility Substantial Completion on or before the Facility Substantial Completion Deadline and the occurrence of Final Completion on or before the Final Completion Deadline, and to timely perform Corrective Work during the Warranty Period. No delay of an Applicable Deadline shall prejudice any right Owner may have under this Agreement to terminate this Agreement pursuant to the terms of <u>Article 32</u>. Owner's requirement of correction of any Defect or Deficiency shall not under any circumstances be construed as interference with the Contractor's performance of the Work. Contractor agrees to exhaust every reasonable repair and replacement alternative in order for the Facility to meet the requirements set forth in this Agreement, including <u>Exhibit A</u>.

**16.2&nbsp;&nbsp;&nbsp;&nbsp;FAILURE TO MITIGATE.**

If, after an event that has caused Contractor to suspend or delay performance of the Work, Contractor has failed to take such action as Contractor could lawfully and reasonably initiate to remove or relieve either the cause thereof or its direct or indirect effects, Owner may, in its sole discretion and after Notice to Contractor initiate such reasonable measures as will be designed to remove or relieve such event or its direct or indirect effects and thereafter require Contractor to resume full or partial performance of the Work. No action by Owner pursuant to

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this <u>Section 16.2</u> shall relieve or excuse Contractor of any of its obligations under this Agreement or constitute the basis for a Change Order.

**16.3&nbsp;&nbsp;&nbsp;&nbsp;ACCELERATION OF WORK.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.3.1&nbsp;&nbsp;&nbsp;&nbsp;[Reserved].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.3.2&nbsp;&nbsp;&nbsp;&nbsp;Owner shall have the right to direct that the Work be accelerated by means of reasonable overtime, additional crews or additional shifts, notwithstanding that the progress of the Work was in accordance with the established Project Schedule. Contractor shall promptly provide to Owner for its approval a plan for such acceleration, including its recommendations for the most effective and economical acceleration, together with such information as Owner shall reasonably require to substantiate the basis of the incremental cost. Prior to the Contractor's commencement of the accelerated Work, Owner and Contractor shall mutually agree upon the plan for acceleration and the Contractor's acceleration cost estimate, to be set forth in a Change Order. In addition to Owner's acceleration rights, Contractor is entitled to request an acceleration plan to be approved by Owner. Should Owner approve such plan, Owner and Contractor shall mutually agree upon the plan for acceleration and the Contractor's acceleration cost estimate, to be set forth in a Change Order.

**17.&nbsp;&nbsp;&nbsp;&nbsp;SUSPENSION OR REJECTION OF THE WORK.**

**17.1&nbsp;&nbsp;&nbsp;&nbsp;GENERAL.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.1.1&nbsp;&nbsp;&nbsp;&nbsp;Owner may at any time or from time to time, and for any reason, suspend performance of the Work or any portion thereof by giving a Suspension Notice to Contractor. Such suspension shall continue for the period (the "***Suspension Period***") specified by Owner in the Suspension Notice. At any time after the effective date of the suspension, Owner may require Contractor to resume performance of the Work. In the event a Suspension Notice is issued by Owner under this <u>Section 17.1.1</u>, Contractor shall take such action as is necessary to protect, store and secure the Work, or part thereof, against any deterioration, loss or damage, and if Owner notifies Contractor of the anticipated length of such suspension, Contractor shall use reasonable efforts to delay the performance of any Work to be performed by any Subcontractor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.1.2&nbsp;&nbsp;&nbsp;&nbsp;If Owner reasonably believes that Contractor is (i) in violation of applicable Laws or any Permit and such violation has a material impact on the Facility, (ii) performing Work which has Defects or Deficiencies, is failing to correct Work which has Defects or Deficiencies in a timely manner as practicable, is failing to take the proper precautions at any time when dangerous conditions exist or (iii) otherwise in breach of this Agreement, then Owner may, by Notice to Contractor, order Contractor to suspend performance of the Work affected by any such failure under this <u>Section 17.1.2</u> by giving a Suspension Notice to Contractor. Such suspension shall continue for the Suspension Period specified in the Suspension Notice, subject to the following sentence. Upon receipt of such Suspension Notice, Contractor shall (A) suspend performance of the Work to the extent set forth in such Suspension Notice and shall not resume such Work unless and until Contractor and Owner have agreed on those actions to be taken by Contractor to eliminate or cure the cause of such Suspension Notice, and (B) take such action as

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is necessary to protect, store and secure the Work, or part thereof, against any deterioration, loss or damage, and if Owner notifies Contractor of the anticipated length of such suspension, Contractor shall use reasonable efforts to delay the performance of any Work to be performed by any Subcontractor. Upon resumption of the Work, Contractor shall take all actions as and when required by such agreement with Owner.

**17.2&nbsp;&nbsp;&nbsp;&nbsp;COMPENSATION TO CONTRACTOR FOR SUSPENSION.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.2.1&nbsp;&nbsp;&nbsp;&nbsp;In the event of a suspension by Owner pursuant to <u>Section 17.1.1</u>, Owner shall issue a Change Order to (a) compensate Contractor for the additional Direct Costs and Contractor's G&A directly attributable to a suspension of items of Work that are documented by Contractor to the satisfaction of Owner and the Independent Engineer; (b) adjust the Target Price to reflect such additional amounts; and (c) adjust the Project Schedule for any delay in the Contractor's performance of any Critical Path activities, which, in each case, was actually and demonstrably caused by such suspension.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.2.2&nbsp;&nbsp;&nbsp;&nbsp;All claims by Contractor for compensation under this <u>Section 17.2</u> must be made monthly during the Suspension Period and within forty-five (45) Days after the end of the Suspension Period, or Contractor shall be deemed to have waived its rights for compensation with respect thereto. Amounts payable by Owner under this <u>Article 17</u> shall be paid to Contractor in accordance with <u>Article 6</u>.

**17.3&nbsp;&nbsp;&nbsp;&nbsp;REJECTION OF WORK.**

Owner shall have the right to inspect Materials or the Work at Contractor's workshop and at any Subcontractor's workshop, the Job Site, or at such other places as otherwise may be appropriate, and, prior to LNG Production System Substantial Completion of an LNG Production System or Facility Substantial Completion, as applicable and subject to Contractor's warranty obligations thereafter, to reject items of Materials or any portion of the Work that has Defects or Deficiencies. Owner shall specify in writing to Contractor the portion of the Materials or portion of Work that it proposes to reject and, prior to actual rejection, Contractor shall have a right to remedy any such Defects or Deficiencies to Owner's satisfaction. Owner shall have the right to utilize any rejected portion of the Materials or the Work until such time as replacement Material is incorporated into the Facility. These rights shall not be deemed to limit Owner's rights under <u>Section 15.4</u>.

**17.4&nbsp;&nbsp;&nbsp;&nbsp;CORRECTION OF WORK OR MATERIAL.**

Contractor shall promptly correct all Materials or Work rejected by Owner as having Defects or Deficiencies observed before commencement of the Warranty Period of the applicable LNG Production System or any extension thereof, and whether or not fabricated, installed or completed. All portions of the Material or Work that contain Defects or Deficiencies not so corrected shall be repaired or removed from the Job Site if necessary, by Owner in accordance with <u>Section 17.5</u>. Contractor is responsible for removing Material or any portion of the Work that contain Defects or Deficiencies, as well as modifying, removing, disassembling, uncovering, rebuilding, replacing or covering or otherwise handling all other Material or Work affected by

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such Defects or Deficiencies or the correction thereof. These obligations shall not be deemed to limit Contractor's obligations under <u>Section 15.4</u>. No action by Owner pursuant to this <u>Section 17.4</u> shall relieve or excuse Contractor of any of its obligations under this Agreement or constitute the basis for a Change Order.

**17.5&nbsp;&nbsp;&nbsp;&nbsp;FAILURE TO CORRECT MATERIAL.**

If Contractor fails to initiate correction of Materials or Work having Defects or Deficiencies in accordance with <u>Section 17.4</u> within five (5) Days of Notice from Owner, Owner may correct such Materials or Work without relieving Contractor of any of its warranty obligations hereunder.

**17.6&nbsp;&nbsp;&nbsp;&nbsp;OTHER MATERIAL OR WORK DAMAGED.**

Owner shall bear the full cost of making good all Materials or any part of the Facility destroyed or damaged by reasonable removal either by Owner as provided in <u>Section 17.5</u> or by Contractor.

**18.&nbsp;&nbsp;&nbsp;&nbsp;LNG PRODUCTION SYSTEM COMPLETION.**

**18.1&nbsp;&nbsp;&nbsp;&nbsp;LNG PRODUCTION SYSTEM MECHANICAL COMPLETION.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1.1&nbsp;&nbsp;&nbsp;&nbsp;Upon satisfaction of the conditions set forth in this <u>Section 18.1</u> for an LNG Production System, Contractor shall give Notice to Owner that LNG Production System Mechanical Completion for such LNG Production System has occurred, which shall only be when all of the following items set forth in this <u>Section 18.1</u> have occurred:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;Contractor has certified to Owner that such LNG Production System has been designed and constructed and is ready for operation or operating in accordance with the requirements set forth in <u>Exhibit A</u>, applicable Laws and Permits and Owner Standards, and have performed all of its obligations under this Agreement then to be performed in relation to such LNG Production System, and the Work is free of all Defects and Deficiencies (other than the Punch List Items);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;Owner has received all operations, maintenance and spare parts manuals and instruction books necessary to operate such LNG Production System in a safe, efficient and effective manner, and Contractor has completed the training program required by <u>Article 14</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;[Reserved];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;Contractor has performed all other provisions hereof and delivered all items required hereby to achieve LNG Production System Mechanical Completion of such LNG Production System in a manner reasonably satisfactory to Owner; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;Contractor has delivered to Owner the LNG Production System Mechanical Completion Certificate.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1.2&nbsp;&nbsp;&nbsp;&nbsp;At such time as Owner and the Independent Engineer have confirmed that each of the matters set forth in <u>Section 18.1.1</u> has been completed with respect to an LNG Production System, Owner shall sign the LNG Production System Mechanical Completion Certificate for such LNG Production System, which shall be dated the date the final item set forth in <u>Section 18.1.1</u> occurs with respect to such LNG Production System, as determined by Owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1.3&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary contained herein, Contractor shall retain care, custody, and control of an LNG Production System Handover Package until the corresponding LNG Production System Substantial Completion Date.

**18.2&nbsp;&nbsp;&nbsp;&nbsp;LNG PRODUCTION SYSTEM RFSU.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.2.1&nbsp;&nbsp;&nbsp;&nbsp;Without limitation of any scheduling requirement contained herein, Contractor shall give Owner at least one hundred eighty (180) Days' prior Notice to the date on which Contractor expects LNG Production System RFSU to be achieved for each LNG Production System. Not less than ninety (90) Days and not more than one hundred twenty (120) Days after each such Notice, Contractor shall give Owner a second Notice specifying the seven (7) Day period during which Contractor expects LNG Production System RFSU to be achieved for the applicable LNG Production System. At such time as each LNG Production System achieves LNG Production System RFSU, Contractor shall certify to Owner in the form of an LNG Production System RFSU Certificate that all requirements under this Agreement for LNG Production System RFSU with respect to the applicable LNG Production System have been satisfied. Each LNG Production System RFSU Certificate shall be accompanied by other supporting documentation as may be required under this Agreement to establish, to Owner's reasonable satisfaction, that the requirements for LNG Production System RFSU have been met, including that Owner has received from Contractor all final Permits relating to such LNG Production System and required to be obtained by Contractor and, if final Permits are not available, all temporary Permits to enable Owner to operate such LNG Production System uninterrupted until such time as such final Permits are obtained. Owner shall by Notice to Contractor confirm whether it accepts or rejects each LNG Production System RFSU Certificate within twenty-four (24) hours following Owner's receipt thereof. Acceptance of LNG Production System RFSU with respect to an LNG Production System shall be evidenced by Owner's signature on the applicable LNG Production System RFSU Certificate. The date of LNG Production System RFSU shall be based upon, and the date of Owner's acceptance of LNG Production System RFSU shall be deemed to have occurred on, the date listed on the applicable LNG Production System RFSU Certificate; *provided that* all requirements under this Agreement for LNG Production System RFSU were achieved on such date listed on the applicable LNG Production System RFSU Certificate. If Owner does not agree that LNG Production System RFSU has occurred with respect to a particular LNG Production System, then Owner shall state the basis for its rejection in reasonable detail in such Notice. If the Parties do not mutually agree on when and if LNG Production System RFSU with respect to an LNG Production System has occurred, the Parties shall thereupon promptly and in good faith confer and make all reasonable efforts to resolve such issue. In the event such issue is not resolved within two (2) Business Days of the delivery by Owner of its Notice to Contractor, the Parties shall resolve such Dispute in accordance with <u>Article 36</u>. Owner's acceptance of LNG Production System RFSU with

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respect to an LNG Production System shall not relieve Contractor of any of its obligations to perform the Work in accordance with the requirements of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.2.2&nbsp;&nbsp;&nbsp;&nbsp;After Owner has accepted the System Turnover Packages, LNG Production System Mechanical Completion has occurred, and the start-up and Pre-Commissioning test reports have been provided for one (1) or more LNG Production Systems and the lists of Defects or Deficiencies for such LNG Production System(s) (other than the Punch List Items), if any, the cooldown of Tank Three or Tank Four, shall be scheduled in coordination with Contractor, as applicable (each an "***LNG Storage Tank Cooldown***"). Contractor shall provide Owner with Notice at least one hundred eighty (180) Days' prior to the date on which Contractor expects LNG Storage Tank Cooldown to occur and shall, unless Owner procures LNG for reverse cooldown, request Owner to allocate the required amount of Feed Gas for LNG Storage Tank Cooldown. Not less than ninety (90) Days and not more than one hundred twenty (120) Days after such Notice, Contractor shall give Owner a second Notice specifying the seven (7) Day period during which Contractor expects LNG Storage Tank Cooldown to occur.

**18.3&nbsp;&nbsp;&nbsp;&nbsp;LNG PRODUCTION SYSTEM SUBSTANTIAL COMPLETION.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.3.1&nbsp;&nbsp;&nbsp;&nbsp;Upon compliance with all other conditions set forth in this <u>Section 18.3</u>, Contractor shall give Notice to Owner that LNG Production System Substantial Completion of an LNG Production System has occurred, which shall only be when all of the following items set forth in this <u>Section 18.3</u> have occurred, unless Owner agrees in writing to waive any such requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;all of the conditions for LNG Production System Mechanical Completion of such LNG Production System set forth in <u>Section 18.1</u> have been met, and Owner has received and accepted the LNG Production System RFSU Certificate for such LNG Production System in accordance with <u>Section 18.2</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;The relevant System Turnover Packages demonstrating the Pre-Commissioning and Commissioning of such LNG Production System has been successfully completed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;such LNG Production System is ready for normal, continuous and safe operation with the complement of personnel contemplated in <u>Exhibit Q</u>, and Contractor has corrected all Defects and Deficiencies (other than the Punch List Items);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;the Performance Tests for such LNG Production System have been satisfactorily completed in accordance with <u>Exhibit R</u>; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;Contractor has delivered to Owner a certificate certifying the satisfaction of each of the foregoing items in this <u>Section 18.3.1</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.3.2&nbsp;&nbsp;&nbsp;&nbsp;At such time as Owner and the Independent Engineer have confirmed that each of the matters set forth in <u>Section 18.3.1</u> has been completed with respect to an LNG Production System, Owner shall issue to Contractor a certificate stating the LNG Production System

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Substantial Completion Date for such LNG Production System, which date shall be the date that Contractor delivered to Owner a certificate certifying the satisfaction of each of the items in <u>Section 18.3.1</u>. If Owner does not either (a) issue such certificate or (b) notify Contractor in writing specifying the reasons why the matters in <u>Section 18.3.1</u> have not been completed within [\*\*\*] Business Days from receipt of Contractor's certificate under <u>Section 18.3.1</u>, then the relevant LNG Production System Substantial Completion Deadline shall be extended by a number of days equal to the period commencing on the Day that immediately follows such [\*\*\*] Business Day and ends on the Day that Owner responds under clause (a) or (b) above.

**19.&nbsp;&nbsp;&nbsp;&nbsp;FACILITY COMPLETION.**

**19.1&nbsp;&nbsp;&nbsp;&nbsp;FACILITY MECHANICAL COMPLETION.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.1.1&nbsp;&nbsp;&nbsp;&nbsp;Upon satisfaction of the conditions set forth in this <u>Section 19.1</u>, Contractor shall give Notice to Owner that Facility Mechanical Completion has occurred, which shall only be when all of the following items set forth in this <u>Section 19.1</u> have occurred:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;all the conditions for LNG Production System Mechanical Completion for all the LNG Production Systems set forth in <u>Section 18.1</u> have been met, and Owner has received and accepted the LNG Production System RFSU Certificate for all of the LNG Production Systems in accordance with <u>Section 18.2</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;Contractor has certified to Owner that the Facility has been designed, integrated and constructed and is ready for operation or operating in accordance with the requirements set forth in <u>Exhibit A</u>, applicable Laws and Permits and Owner Standards, and has performed all of its obligations under this Agreement then to be performed, and the Work is free of all Defects and Deficiencies (other than the Punch List Items);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;Owner has received from Contractor all final Permits required to be obtained by Contractor and, if final Permits are not available, all temporary Permits to enable Owner to operate the Facility uninterrupted until such time as such final Permits are obtained;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;Contractor has performed all other provisions hereof and delivered all items required hereby to achieve Facility Mechanical Completion in a manner reasonably satisfactory to Owner; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;Contractor has delivered to Owner a certificate certifying the satisfaction of each of the foregoing items in this <u>Section 19.1.1</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.1.2&nbsp;&nbsp;&nbsp;&nbsp;At such time as Owner and the Independent Engineer have confirmed that each of the foregoing matters have been completed, Owner shall issue to Contractor a certificate stating the Facility Mechanical Completion Date. Facility Mechanical Completion shall be deemed to occur on the date the final item set forth in <u>Section 19.1.1</u> occurs, as determined by Owner, and not the date such certification is received.

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**19.2&nbsp;&nbsp;&nbsp;&nbsp;FACILITY SUBSTANTIAL COMPLETION.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.2.1&nbsp;&nbsp;&nbsp;&nbsp;Upon compliance with all other conditions set forth in this <u>Section 19.2.1</u>, Contractor shall give Notice to Owner that Facility Substantial Completion has occurred, which shall only be when all of the following items set forth in this <u>Section 19.2.1</u> have occurred:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;all of the conditions for Facility Mechanical Completion set forth in <u>Section 19.1</u> have been met, and Owner has received and accepted the LNG Production System RFSU Certificate for each LNG Production System in accordance with <u>Section 18.2</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;all of the conditions for LNG Production System Substantial Completion set forth in <u>Section 18.3</u> have been met for all of the LNG Production Systems;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;Contractor has made available to Owner at the Job Site all special tools and Spare Parts in accordance with <u>Section 3.9.1</u> (any reorders to be a Punch List Items in accordance with <u>Section 19.5</u>);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;All of the Demonstration Tests for the Facility, as verified by reports delivered by Contractor (where it is responsible for the same) to Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;The System Turnover Packages demonstrating all of the Commissioning for the Facility has been successfully completed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;the Facility is ready for normal, continuous and safe operation with the complement of personnel contemplated in <u>Exhibit Q</u>, and Contractor has corrected all Defects and Deficiencies (other than the Punch List Items);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;Contractor has completed the training program required by <u>Article 14</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;&nbsp;Contractor has performed all other provisions hereof and delivered all items required hereby (except any Punch List Items or other obligations of Contractor not intended to be fully performed at Facility Substantial Completion) in a manner satisfactory to Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;the Performance Tests for the Facility have been satisfactorily completed in accordance with <u>Exhibit R</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;&nbsp;&nbsp;&nbsp;Contractor has paid all amounts to Owner then due and payable hereunder, or Owner has elected to set-off such amounts against any payment that may be owed by Owner to Contractor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;&nbsp;&nbsp;&nbsp;Contractor has provided Owner a complete list of the Punch List Items;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;&nbsp;&nbsp;&nbsp;Contractor has prepared, and submitted to Owner's Representative the operation and maintenance manuals, operating instructions, system checklists and/or

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procedures in the English language in sufficient detail for Owner to operate, maintain, dismantle, reassemble, adjust and repair the Facility; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;&nbsp;&nbsp;&nbsp;Contractor has delivered to Owner a certificate certifying the satisfaction of each of the foregoing items in this <u>Section 19.2.1</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.2.2&nbsp;&nbsp;&nbsp;&nbsp;Facility Substantial Completion shall occur at such time as Owner and the Independent Engineer have confirmed that each of the matters set forth in <u>Section 19.2.1</u> has been completed and Owner issues to Contractor a certificate stating the Facility Substantial Completion Date which shall be the date the final item set forth in <u>Section 19.2.1</u> occurs with respect to the Facility, as determined by Owner, and not the date the certification is received. If Owner does not either (a) issue such certificate or (b) notify Contractor in writing specifying the reasons why the matters in <u>Section 19.2.1</u> have not been completed within [\*\*\*] Business Days from receipt of Contractor's certificate under <u>Section 19.2.1</u>, then the Facility Substantial Completion Deadline shall be extended by a number of days equal to the period commencing on the Day that immediately follows such [\*\*\*] Business Day and ends on the Day that Owner responds under clause (a) or (b) above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.2.3&nbsp;&nbsp;&nbsp;&nbsp;For the avoidance of doubt, the foregoing conditions to Facility Substantial Completion are separate from and independent of Contractor's obligations under the Phase 1 Agreement.

**19.3&nbsp;&nbsp;&nbsp;&nbsp;READY FOR SHIP LOADING.**

Without limiting the foregoing or any other scheduling requirements contained herein, Contractor shall provide Owner (a) at least one hundred eighty (180) Days' prior Notice of the day on which Contractor expects to be ready for Owner or its Affiliate to perform the Loading Rate Test, and (b) a second Notice specifying the date on which Contractor expects to be ready for the Loading Rate Test, which second Notice shall be given no later than sixty (60) Days prior to such date. Owner shall cause an LNG Tanker to be available, after the date in such second Notice; *provided that* Owner is not required to schedule such LNG Tanker until (a) there is sufficient LNG in storage in the LNG Storage Tanks to perform the Loading Rate Test, and (b) Owner has the ability and an economic reason to export such LNG. Owner shall give Contractor fourteen (14) Days prior written notice of a five (5)-Day period in which the LNG Tanker will be available for the Loading Rate Test. Contractor shall assist Owner in identifying prospective LNG Tanker operators to conduct assurance and vetting of the marine terminal, and shall provide reasonable access to the Job Site to such operators and to other LNG Tanker operators who are anticipated to use the Facility to conduct such assurance and vetting activities.

**19.4&nbsp;&nbsp;&nbsp;&nbsp;FINAL COMPLETION.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.1&nbsp;&nbsp;&nbsp;&nbsp;In order to achieve Final Completion, Contractor must have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;met all the conditions for Facility Substantial Completion set forth in <u>Section 19.2</u>;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;completed a Facility final clean-up including removal from the Job Site of all construction debris, bulk construction materials, storage trailers, temporary facilities, scaffolding, temporary protection and other impediments that would interfere with the normal operation and maintenance of the Facility, and Contractor has delivered the Facility in a clean condition satisfactory to Owner in accordance with the procedures set forth in <u>Exhibit A</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;completed all Punch List Items, which Punch List Items shall be promptly completed upon receipt of such Material(s) or other event(s) and corrected all Defects and Deficiencies identified by Owner during the Performance Tests which Owner has decided to not require completion and re-running of the Performance Tests, and Owner must have accepted such corrections in writing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;delivered to Owner all electronic files in the format designated by Owner, all Drawings and Specifications (including red-lined "as-built" drawings of such LNG Production System), test data and other technical information relating to such LNG Production System and required hereunder for Owner to operate and maintain such LNG Production System;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;delivered to Owner all as-built operations, maintenance and spare parts manuals and instruction books that are necessary to operate the Facility in a safe, efficient and effective manner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;delivered to Owner all electronic files in the format designated by Owner, all Drawings and Specifications (except final "as-built" drawings of the Facility, but including red-lined "as-built" drawings of the Facility), test data and other technical information required hereunder for Owner to operate and maintain the Facility;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;delivered to Owner final "as built-" drawings for the Facility as required by <u>Section 3.8.44</u> and meeting the requirements of <u>Exhibit J</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;&nbsp;removed all the Contractor's and Subcontractors' personnel, supplies, equipment, waste materials, rubbish and temporary facilities from the Job Site (unless otherwise requested by Owner);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;delivered evidence satisfactory to Owner, including a Payment Status Affidavit from Contractor and all Major Subcontractors in the form of <u>Exhibit F-15</u> and <u>Exhibit F-16</u>, respectively, and a final and unconditional release and waiver of liens from Contractor and all Major Subcontractors in the form of <u>Exhibit F-3</u> and <u>Exhibit F-4</u>, respectively, that all claims, liens, security interests or encumbrances in the nature of mechanics', labor or materialmen's liens (if applicable) arising out of or in connection with the Job Site, Facility (or any portion thereof), any Materials, any land or improvements pertinent thereto or the performance by Contractor or any Major Subcontractor of the Work have been satisfied or discharged;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;&nbsp;&nbsp;&nbsp;performed all other provisions hereof and delivered all items required hereby (except any warranty or other obligation of Contractor not intended to be fully performed at Final Completion) in a manner satisfactory to Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;&nbsp;&nbsp;&nbsp;paid all undisputed amounts to Owner then due and payable hereunder; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;&nbsp;&nbsp;&nbsp;delivered to Owner a certificate certifying the satisfaction of each of the foregoing items in this <u>Section 19.4.1.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.2&nbsp;&nbsp;&nbsp;&nbsp;At such time as Owner and the Independent Engineer have confirmed that each of the matters set forth in <u>Section 19.4.1</u> has been completed, Owner shall issue a Final Completion certificate. Notwithstanding the foregoing, nothing contained in this <u>Section 19.4</u> shall relieve Contractor from performing any obligations remaining under this Agreement after Final Completion, including any of its warranty obligations hereunder.

**19.5&nbsp;&nbsp;&nbsp;&nbsp;PUNCH LIST ITEMS.**

Notwithstanding anything to the contrary contained herein, at Owner's sole discretion, Owner may approve the completion of Punch List Items after Final Completion; *provided*, *however*, that if any such Punch List Items remain outstanding at Final Completion, Contractor shall cause the Contractor Guarantee to remain in full force and effect until Contractor's completion of all of such Punch List Items to Owner's satisfaction. If Contractor does not promptly complete any remaining Punch List Item, Owner shall have the right to complete such item. Notwithstanding anything to the contrary contained herein, however, if the completion of any Punch List Items requires that an LNG Production System or the Facility be shut down or its output curtailed, Owner shall have the option of completing such Punch List Items itself.

**20.&nbsp;&nbsp;&nbsp;&nbsp;WARRANTY FOR DEFECTS.**

**20.1&nbsp;&nbsp;&nbsp;&nbsp;IN GENERAL.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.1.1&nbsp;&nbsp;&nbsp;&nbsp;As further described herein, Contractor shall repair or replace all Defects and Deficiencies prior to the commencement of the Warranty Period and shall be paid the Direct Costs incurred in fulfilling such obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.1.2&nbsp;&nbsp;&nbsp;&nbsp;During the Warranty Period, Contractor shall, as soon as practicable, complete any Work that is outstanding at Final Completion and shall be responsible for performing Corrective Work which may appear or occur during the Warranty Period or any extension thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.1.3&nbsp;&nbsp;&nbsp;&nbsp;During the Warranty Period, Contractor shall make good the Defects or Deficiencies in the Work promptly and on an expedited basis whether by repair, replacement or otherwise (the "***Corrective Work***"). In the event Contractor utilizes spare parts owned by Owner in the course of performing the Corrective Work or Work as provided in <u>Section 20.1.4</u>,

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Contractor shall supply Owner with new spare parts equivalent in quality and quantity to all such spare parts used by Contractor as soon as possible following the utilization of such spare parts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.1.4&nbsp;&nbsp;&nbsp;&nbsp;If Contractor is obligated to repair, replace or renew a Serial Defect, Contractor shall undertake a technical analysis of the problem and correct the "root cause" unless Contractor can demonstrate to Owner's satisfaction that there is not a risk of the reoccurrence of such problem. Contractor's obligations under this <u>Article 20</u> shall not be impaired or otherwise adversely affected by any actual or possible legal obligation or duty of any Subcontractor, in each case, to Contractor or Owner concerning any Defect or Deficiency. No such correction or cure, as the case may be, shall be considered complete until Owner shall have reviewed and approved such remedial work in accordance with this Agreement.

**20.2&nbsp;&nbsp;&nbsp;&nbsp;SPECIFIC WARRANTIES.**

In particular, Contractor warrants to Owner that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.2.1&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall perform the Work in full compliance with the terms and conditions set forth herein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.2.2&nbsp;&nbsp;&nbsp;&nbsp;the Materials and the Work shall be designed, manufactured, engineered, constructed, completed, pre-commissioned, commissioned, tested and delivered in accordance with this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.2.3&nbsp;&nbsp;&nbsp;&nbsp;the Materials and the Work shall be designed, manufactured, engineered, constructed, completed, tested and delivered, in a workmanlike manner and in accordance with this Agreement, Owner Standards, all Permits and approvals of Government Authorities, Applicable Codes and Standards and all applicable Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.2.4&nbsp;&nbsp;&nbsp;&nbsp;the Work, including all Materials and each component thereof (a) shall conform to the specifications and descriptions set forth herein, (b) shall be new, complete, and of suitable grade for the intended function and use in accordance with this Agreement, (c) shall be free from defects (including latent defects) in design, material and workmanship, and (d) shall meet the requirements set forth in <u>Exhibit A</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.2.5&nbsp;&nbsp;&nbsp;&nbsp;the Materials, or any component of Materials, shall be composed and made of only proven technology, of a type in commercial operation at the Effective Date; *provided that* Owner's agreement for Contractor to use any Materials not in compliance with this <u>Section 20.2.5</u> shall not relieve Contractor of any of its other obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.2.6&nbsp;&nbsp;&nbsp;&nbsp;if, prior to the expiration of the Warranty Period, two (2) or more of the same components of the Work experience a Defect of an identical or nearly identical nature that causes or could reasonably be expected to cause an outage or derating of the Facility (herein, a "***Serial Defect***"), then Contractor shall examine the cause of the Serial Defect and (i) undertake technical analysis of the underlying problem in order to determine (A) the root cause of such Serial Defect, and (B) the repairs or replacements that may be required to avoid future occurrences of such Serial Defect, (ii) prepare and provide to Owner a written report setting forth the results of such

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analysis, (iii) promptly redesign if necessary and repair or replace any Materials, as necessary, and (iv) extend the Warranty Period for that portion of the Work that Contractor redesigned, repaired or replaced for an additional period of twelve (12) months. Such warranty extension for Serial Defects is in lieu of and not in addition to the extension of the Warranty Period contemplated in <u>Section 20.4.2</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.2.7&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall, at all times during the Warranty Period, maintain sufficient personnel at Contractor's offices to respond promptly to Owner's request for diagnostic or warranty work. At any time during the Warranty Period, Contractor shall promptly and on an expedited basis perform such tests, inspections or other diagnostic services as may be reasonably requested by Owner. In the event that such diagnostic services reveal any Work not conforming to the Contractor's Warranties, any and all such Work shall be corrected immediately as Corrective Work (the warranties set forth in <u>Sections 20.2.1</u> to <u>20.2.7</u> inclusively are referred to collectively as the "***Warranties***"). The Warranties shall not include work performed under the Owner Contracts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.2.8&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall, in the course of correcting any Defects or Deficiencies, do so (a) in good faith coordination with Owner's schedule of operations so as to minimize any adverse effect on the operations of the Facility, and (b) in accordance with the Warranty procedures set forth in this <u>Article 20</u>.

**20.3&nbsp;&nbsp;&nbsp;&nbsp;NOTICE OF DEFECTS OR DEFICIENCIES.**

If any Defects, Deficiencies or resulting damage to the Work appear or arise from notifications by manufacturers of Material, Owner shall promptly notify Contractor of such Defects, Deficiency or damage, and Contractor shall perform the necessary repairs or replacements in accordance with its Warranty obligations. Owner shall be entitled to determine the existence of any Defects, Deficiencies or damage.

**20.4&nbsp;&nbsp;&nbsp;&nbsp;EXTENSION OF WARRANTY PERIOD.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.4.1&nbsp;&nbsp;&nbsp;&nbsp;The provisions of this <u>Article 20</u> shall apply to all replacements or repairs carried out by Contractor as if the replacements and repairs had been taken over on the date they were completed. All Corrective Work shall be performed subject to the same terms and conditions under this Agreement as the original Work is required to be performed. Any change to parts or Materials that would alter the requirements of this Agreement may be made only with prior written approval of Owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.4.2&nbsp;&nbsp;&nbsp;&nbsp;The Warranty Period for the Work or portion thereof that Contractor has replaced or repaired shall be extended by a period of [\*\*\*] months from the date the replacement or repair is completed (and for successive periods of [\*\*\*] months in the event of any Defect or Deficiency associated with any such replacement or repair), but in no event shall the Warranty Period extend beyond [\*\*\*] months following Facility Substantial Completion.

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**20.5&nbsp;&nbsp;&nbsp;&nbsp;FAILURE TO REMEDY DEFECTS.**

If Contractor fails to commence any Corrective Work within a reasonable period of time not to exceed five (5) Days after receipt of Owner's written notice to Contractor identifying and describing with reasonable specificity that portion of Work that has a Defect or Deficiency, or does not complete such Corrective Work on an expedited basis, Owner may, in its sole discretion and in addition to any other remedies that it has under this Agreement, proceed to do the Work and, subject to <u>Section 16.2</u>, notify Contractor of its intention to do so.

**20.6&nbsp;&nbsp;&nbsp;&nbsp;REMOVAL AND OWNERSHIP OF DEFECTIVE WORK.**

If the Defects, Deficiencies or resultant damage is such that it cannot be remedied expeditiously on the Job Site, Contractor may, with the prior written consent of Owner's Representative or Owner, remove from the Job Site for the purposes of repair or replacement of any part of the Work which is defective, deficient or damaged.

**20.7&nbsp;&nbsp;&nbsp;&nbsp;FURTHER TESTS.**

If the repair or replacement of any equipment or components of Work is such that it may affect the operation of the Work or any part thereof, then Owner may require that tests of such equipment or components or any affected part of the Work thereof be conducted by Contractor and repeated to the extent reasonably necessary. Such requirement shall be made by Notice within thirty (30) Days after the Defect or Deficiency is remedied. Such tests shall verify that the equipment or component or any affected part of the Work thereof, as the case may be, is at the same level of performance as existed prior to the need for repair or replacement.

**20.8&nbsp;&nbsp;&nbsp;&nbsp;RIGHT OF ACCESS.**

Until the expiration of the Warranty Period, but only to the extent required to perform its obligations hereunder, Contractor shall have the right of reasonable access to all parts of the Work and to records of the working and performance of the Work, except as may be inconsistent with any reasonable security or safety restrictions of the Owner. Such right of access shall be undertaken so as to minimize interference with the operation of the Facility. Access shall be granted to any duly authorized representative of Contractor whose name has been communicated in writing to Owner and who agrees to be bound by Owner Protocols and the confidentiality provisions of this Agreement in connection with such access. The Parties shall schedule corrections, repairs or replacements as necessary so as to minimize disruptions to the operation of the Facility.

**20.9&nbsp;&nbsp;&nbsp;&nbsp;SUBCONTRACTOR WARRANTIES.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.9.1&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall, for the protection of Contractor and Owner, use reasonable efforts to obtain from the Subcontractors such guarantees and warranties with respect to Work performed that are equal to or exceed those set forth in this <u>Article 20</u> as applicable to their respective scopes of work and shall be made available and in the name of Owner and assignable to the Lenders to the full extent of the terms thereof. Subject to <u>Section 23.1.4</u>, Contractor shall

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use reasonable efforts short of litigation to enforce all Subcontractor warranties in accordance with their terms so as to minimize the amount of Work Contractor may be required to perform to correct any Defect or Deficiency in the Subcontractors' work. Owner shall be an express third-party beneficiary of all such guarantees and warranties. To the extent available, Owner shall have the right to require Contractor to secure additional warranty or extended guarantee protection pursuant to a Change Order. Upon the earlier of the date of Final Completion or termination of this Agreement, Contractor shall deliver to Owner copies of all relevant contracts providing for such guarantees and warranties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.9.2&nbsp;&nbsp;&nbsp;&nbsp;Upon the earlier of Final Completion or termination of this Agreement, Contractor shall assign to Owner all warranties received by it from Subcontractors that are not otherwise issued in Owner's name. Such assignment of warranties to Owner must also allow Owner to further assign such warranties. However, Owner shall not make any warranty claim against Contractor with respect to any portion of the Work supplied in whole or in part by any Subcontractor if and to the extent Contractor has previously assigned all warranties received by it from such Subcontractor to Owner.

**20.10&nbsp;&nbsp;&nbsp;&nbsp;NO IMPLIED WARRANTIES.**

EXCEPT FOR THE EXPRESS WARRANTIES SET FORTH IN THIS <u>ARTICLE 20</u> (INCLUDING THE "WARRANTIES"), CONTRACTOR DOES NOT MAKE ANY OTHER WARRANTIES, WHETHER STATUTORY, EXPRESS OR IMPLIED (INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE AND ALL WARRANTIES ARISING FROM COURSE OF DEALING OR USAGE OF TRADE). OWNER'S EXCLUSIVE REMEDIES AND CONTRACTOR'S ONLY OBLIGATIONS ARISING OUT OF OR IN CONNECTION WITH DEFECTS OR DEFICIENCIES IN THE WORK (PATENT, LATENT OR OTHERWISE), WHETHER BASED IN CONTRACT, IN TORT (INCLUDING NEGLIGENCE AND STRICT LIABILITY), OR OTHERWISE, ARE SET FORTH IN THIS <u>ARTICLE 20</u>. ALL SUCH OTHER WARRANTIES, CONDITIONS AND REPRESENTATIONS ARE HEREBY DISCLAIMED. THE FOREGOING IS NOT INTENDED TO DISCLAIM ANY OTHER OBLIGATIONS OF CONTRACTOR WHICH ARE UNRELATED TO DEFECTS OR DEFICIENCIES IN THE WORK AS EXPRESSLY SET FORTH HEREIN.

**20.11&nbsp;&nbsp;&nbsp;&nbsp;REPAIRS AND TESTING BY OWNER.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.11.1&nbsp;&nbsp;&nbsp;&nbsp;During the Warranty Period, without prior notice to Contractor Owner, by itself or through its Affiliate, shall be permitted to (a) make repairs or replacements on the Materials or the Facility, and (b) adjust or test the Materials or the Facility as outlined in the operations and maintenance manuals provided by Contractor or any Subcontractor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.11.2&nbsp;&nbsp;&nbsp;&nbsp;In the event of an emergency and if, in the judgment of Owner, the delay that would result from giving prior notice to Contractor could cause serious loss or damage which could be prevented by immediate action, any action (including correction of Defects) may be taken by Owner or a third party chosen by Owner, without giving prior notice to Contractor. In the event such action is taken by Owner, Contractor shall be promptly notified after Corrective

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Work is implemented, and shall assist whenever and wherever possible in making the necessary corrections. All such warranties obtained shall be in addition to, and shall not alter, the warranties of Contractor. Upon Owner's request, Contractor shall use all reasonable efforts to force Subcontractors to honor warranties including filing suit to enforce same.

**20.12&nbsp;&nbsp;&nbsp;&nbsp;SURVIVAL OF WARRANTIES.**

Prior to the end of the Warranty Period, the provisions of this <u>Article 20</u> shall survive the expiration or earlier termination of this Agreement. The Warranties made herein shall be for the benefit of Owner and its successors and permitted assigns and the respective successors and permitted assigns of any of them, and are fully transferable and assignable. Owner may assign its rights to the Warranties during the Warranty Period to any Affiliate, Lender, or any Person acquiring a substantial ownership interest in the Facility without the consent of Contractor.

**21.&nbsp;&nbsp;&nbsp;&nbsp;LIABILITY.**

**21.1&nbsp;&nbsp;&nbsp;&nbsp;TOTAL LIABILITY CAP.**

Notwithstanding anything to the contrary contained herein, Contractor's cumulative aggregate liability hereunder, whether in contract, warranty (including in respect of Corrective Work), tort, (including negligence whether sole or concurrent), strict liability, products liability, professional liability, indemnity, contribution, statute, at law, in equity, or any other cause of action, shall not exceed an amount equal to [\*\*\*]; *provided that*, notwithstanding the foregoing, the limitation of liability set forth in this <u>Section 21.1</u> shall not: (a) apply in the event of Abandonment of the Project by Contractor; (b) apply to Contractor's indemnification obligations under this Agreement with respect to: (i) any claims brought by Third Parties (for purposes of this <u>Section 21.1</u> "Third Parties" shall include Owner's and its Affiliate's employees) for bodily injury, death or property damage as described in <u>Section 30.1.2(b)</u>; or (ii) costs and expenses incurred by Contractor to fulfill those express indemnity obligations set forth in <u>Sections 5.1.2</u>, <u>6.4.2</u>, <u>30.1.1</u>, <u>30.1.2</u>, <u>30.1.3</u> and <u>40.4.2</u>; (c) apply to Contractor's obligation to deliver to Owner full legal title to and ownership of all or any portion of the Work as required under this Agreement; (d) include the payment of insurance proceeds under any Project-specific insurance policy obtained by Contractor; (e) include any amount in respect of any Non-Reimbursable Cost; or (f) apply in the event of the gross negligence or willful misconduct of Senior Supervisory Personnel or the willful misconduct of Contractor, its agents or Affiliates (including the Contractor Guarantor), workers, Senior Supervisory Personnel, Subcontractors and suppliers or the employees of each.

**21.2&nbsp;&nbsp;&nbsp;&nbsp;NO CONSEQUENTIAL DAMAGES.** 

Notwithstanding anything to the contrary contained herein, except with respect to (a) any claims for bodily injury, death or physical damage to property of Third Parties for which Contractor owes an indemnity obligation as described in <u>Section 30.1.2(b)</u>, (b) any damages resulting from the gross negligence or willful misconduct of Senior Supervisory Personnel or the fraud and willful misconduct of Contractor, its agents or Affiliates (including the Contractor Guarantor), workers, Senior Supervisory Personnel, Subcontractors and suppliers or the

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employees of each, and (c) any damages resulting from Contractor's breach of <u>Article 27</u>, Contractor, its agents and Affiliates (including the Contractor Guarantor), workers, Subcontractors and suppliers and the employees of each shall not be liable for, and Owner hereby waives any incidental, indirect, punitive or consequential damages, loss of or default under business contracts, lost revenues or for loss of profit, product, revenue, contract or use arising out of or in connection with the performance of the Work or this Agreement whether or not any such liability is claimed in contract, statute, equity, tort or otherwise and shall apply irrespective of negligence. In addition, except with respect to (a) Third Party claims for which Owner has agreed to indemnify Contractor in accordance with <u>Section 30.2</u>, and (b) Owner's breach of its confidentiality obligations under <u>Article 27</u>, Owner shall have no liability for, and Contractor hereby waives, releases, defends, indemnifies and holds harmless any incidental, indirect, punitive or consequential damages (which includes loss of or default under business contracts, lost revenues or lost profits but excluding those amounts payable by Owner to Contractor in the event of a termination for default pursuant to <u>Section 31.5</u> or for convenience pursuant to <u>Article 32</u>) arising out of or in connection with this Agreement.

**22.&nbsp;&nbsp;&nbsp;&nbsp;PERFORMANCE TESTS.**

**22.1&nbsp;&nbsp;&nbsp;&nbsp;PERFORMANCE TESTS.**

The Performance Tests are described in <u>Exhibit R</u>.

**23.&nbsp;&nbsp;&nbsp;&nbsp;SUBCONTRACTORS.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.1.1&nbsp;&nbsp;&nbsp;&nbsp;Attached as <u>Exhibit H</u> and <u>Exhibit O</u> is a list of names of potential Major Subcontractors. Contractor may submit to Owner the names and qualifications and recommendations of additional Major Subcontractors that it desires to include in <u>Exhibit H</u> or <u>Exhibit O</u>. Any additions or changes to <u>Exhibit H</u> or <u>Exhibit O</u> shall be decided solely by Owner within a reasonable time following the submission of all necessary supporting documentation by Contractor. At the request of Owner, the Lenders or Owner's title insurance providers, Contractor shall provide an affidavit of all Major Subcontractors, in a form acceptable to Owner, the Lenders or Owner's title insurance providers, as applicable. All Major Subcontractors will be selected from <u>Exhibit H</u> or <u>Exhibit O</u> as supplemented from time to time in accordance with this <u>Section 23.1.1</u>. Contractor shall not enter into Major Subcontracts with any Person not listed in <u>Exhibit H</u> or <u>Exhibit O</u> without the prior written approval of Owner. Contractor shall issue all Subcontracts in accordance with the terms of this Agreement. Approval by Owner of any Subcontractor or its receipt or review of any Subcontract shall not (a) relieve Contractor of any of its obligations under this Agreement or (b) constitute any acceptance of the Work undertaken by such Person. No Subcontract shall bind or purport to bind Owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.1.2&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall include in each Major Subcontract a provision requiring each such Major Subcontractor to comply with and perform for the benefit of Owner all requirements and obligations of Contractor to Owner under this Agreement, to the extent such requirements and obligations are applicable to the performance of the work under the respective Major Subcontract. At a minimum, all Subcontracts shall require the Subcontractors to comply with applicable Laws, Applicable Codes and Standards and Permits, shall provide that Owner has the

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right of inspection as provided hereunder and require such Subcontractors to (a) be subject to the labor obligations hereunder as well as the safety and security provisions of this Agreement, (b) provide guarantees and warranties with respect to its portion of the Work commensurate with such Major Subcontractor's work, (c) provide certificates of insurance as set forth herein, (d) grant a license to Owner pursuant to <u>Section 29.2.3</u>, (e) include a termination for convenience provision with terms consistent with the terms set forth herein, and (f) be subject to the confidentiality provisions consistent with the terms set forth herein. Contractor shall use its reasonable efforts to minimize or eliminate cancellation charges or fees in each Subcontract. Additionally, Contractor shall include in each Major Subcontract relating to any Materials or other component of the Facility a requirement that, until the end of the Warranty Period, the Subcontractor shall (i) notify Contractor and Owner in the event Subcontractor intends to discontinue supplying any functional spare parts and (ii) permit Owner to order any quantity of any such parts at the prices prevailing prior to such discontinuance of supply. All Subcontracts must specify that the contractual relationship with the Subcontractor is exclusive to Contractor and that the Subcontractor waives any and all rights to demand any payment directly from Owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.1.3&nbsp;&nbsp;&nbsp;&nbsp;In addition to the requirements set forth above, Contractor shall include in each Subcontract the following language to make Owner an express third party beneficiary of such Subcontract:

"The parties hereto agree and acknowledge that the services/work/equipment to be provided hereunder by [**Subcontractor**] will be incorporated into the LNG facility and related facilities being developed by [**Owner**]. As such, the parties expressly agree that Owner is a third-party beneficiary of this [**Agreement**] entitled, in its own name or in the name of [**Contractor**], to enforce this [**Agreement**] against [**Subcontractor**]."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.1.4&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall notify Owner of and coordinate with Owner in connection with the administration of any claim (actual or threatened in writing) arising under any Subcontract, and shall request Owner's approval (such approval not to be unreasonably withheld or delayed) (a) of any external attorney and claims consultant to be appointed by Contractor in connection with such claim and (b) prior to commencing any litigation with respect to such claim. Litigation between Contractor and a Subcontractor shall be jointly managed by Contractor and Owner. Contractor shall not settle any claim arising under a Subcontract without Owner's prior approval.

**23.2&nbsp;&nbsp;&nbsp;&nbsp;CONTRACTOR RESPONSIBLE FOR WORK.**

Contractor is responsible for each of the various parts of the Work, so that all items thereof conform in all respects to the requirements of this Agreement, regardless of any failure of any Subcontractor to perform, any disagreement between any Subcontractors, or any disagreement between any Subcontractors, on the one hand, and Contractor or Owner. Contractor shall furnish such information relative to its Subcontractors, including copies of unpriced (and with respect to the Reimbursable Work, all priced) Subcontracts as Owner may reasonably request. Without the express written consent of Owner, nothing contained herein or in any Subcontract awarded by Contractor shall create any contractual relationship between

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Owner and any Subcontractor. Contractor shall require that all Subcontractors release and waive (to the extent permitted by applicable Law) any and all rights against Owner and the Lenders for recovery of payment of any moneys for compensation for the portion of the Work performed by them.

**23.3&nbsp;&nbsp;&nbsp;&nbsp;ASSIGNMENT.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.3.1&nbsp;&nbsp;&nbsp;&nbsp;Subject to <u>Section 23.3.2</u>, Contractor hereby assigns to Owner (and Owner's permitted assigns) all its interest in any Subcontracts (or any portion thereof to the extent such Subcontracts also relate to other projects of Contractor) now existing or hereafter entered into by Contractor for performance of any part of the Work, which assignment will be effective upon acceptance by Owner in writing and only as to those Subcontracts which Owner designates in said writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.3.2&nbsp;&nbsp;&nbsp;&nbsp;Owner shall not have the right to exercise any right to assignment of any Subcontract pursuant to <u>Section 23.3.1</u> unless and until (a) any obligation by any Subcontractor under any Subcontract extends beyond the expiration of this Agreement, including the Warranty Period, (b) Owner has elected to terminate this Agreement in accordance with the terms hereof or (c) with respect to the Work, Contractor has failed to perform any of its material obligations or correct Defects and Deficiencies under this Agreement to which such Subcontract relates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.3.3&nbsp;&nbsp;&nbsp;&nbsp;Each Subcontract entered into by Contractor with respect to the Work shall contain a provision permitting its assignment to Owner or the Lenders upon Owner's written request (following the occurrence of any of the events described in <u>Section 23.3.2</u>).

**24.&nbsp;&nbsp;&nbsp;&nbsp;LABOR RELATIONS.** 

**24.1&nbsp;&nbsp;&nbsp;&nbsp;GENERAL MANAGEMENT OF EMPLOYEES.**

Contractor shall exercise its management rights in performing the Work, either specifically detailed in, or not expressly limited by, applicable collective bargaining agreement(s). Subject to <u>Section 5.2</u>, such management rights shall be deemed to include the rights to: hire, discharge, promote and transfer employees; to select and remove foremen or other persons at other levels of supervision; to establish and enforce reasonable standards of productivity; to introduce, to the extent feasible, labor-saving equipment and materials; to determine the number of craftsmen necessary to perform a task, job or other work required with respect to the Facility; and to establish, maintain and enforce rules and regulations conducive to efficient and productive operations.

**24.2&nbsp;&nbsp;&nbsp;&nbsp;WAGES AND CONDITIONS.**

Contractor shall make its own arrangements for the engagement of all staff and labor, local or otherwise, and for their payment, housing, feeding and transport. Contractor shall pay rates of wages, and observe conditions of labor, not materially different than those established for the trade or industry where the work is carried out, and shall comply with all Laws relating to wages, hours, working conditions and other employer/employee-related matters pertaining to its

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employees. In addition, Contractor shall certify to the reasonable satisfaction of Owner that all social benefit payments related to the wages of all workers employed directly or indirectly by it and its Subcontractors have been timely paid in full.

**24.3&nbsp;&nbsp;&nbsp;&nbsp;VIOLATIONS.**

Contractor shall promptly notify Owner of any violations, and the actions to be taken or planned to resolve the violations, of collective bargaining agreements and jurisdictional disputes in connection with the Work including the filing of appropriate processes with any court or administrative agency having jurisdiction to settle, enjoin or award damages resulting from such violations of collective bargaining agreements or jurisdictional disputes.

**24.4&nbsp;&nbsp;&nbsp;&nbsp;DISPUTES.**

Contractor shall undertake promptly all reasonable efforts to prevent or resolve any strikes or other labor disputes among its employees or the employees of Subcontractors. If a strike or other labor dispute occurs, Contractor shall take all reasonable actions to minimize any resulting disruption of the progress of the Work. Contractor shall advise Owner promptly, in writing, of any actual, anticipated or threatened labor dispute that might affect the performance of the Work by Contractor or by any Subcontractors and will keep Owner informed on a daily basis of the status of the dispute resolution. Notwithstanding the foregoing, the settlement of strikes, walkouts, lockouts or other labor disputes shall be at the sole discretion of the Party having the difficulty. Nothing in this <u>Article 24</u> shall be deemed to amend the definition of "Force Majeure Event."

**24.5&nbsp;&nbsp;&nbsp;&nbsp;STATUTORY EMPLOYER.**

Notwithstanding anything to the contrary contained herein, in all cases where Contractor's employees (meaning Contractor's direct, borrowed, special or statutory employees) are covered by the Louisiana Worker's Compensation Act, La. R.S. 23:1021 et seq., Owner and Contractor agree that Owner shall be and hereby is designated as the statutory employer of Contractor's direct, borrowed, special and statutory employees, pursuant to La. R.S. 23:1061(A)(3). Owner and Contractor further agree that the Work is an integral part of and essential to Owner's ability to generate its goods, products and services. This provision is included for the sole purpose of establishing a statutory employer relationship to gain the benefits expressed in La. R.S. 23:1061, and is not intended to create an employer/employee relationship for any other purpose. Nothing contained in this <u>Section 24.5</u> shall be construed to establish any relationship or status that is inconsistent with <u>Article 37</u>. In the event that Owner is required to pay worker's compensation benefits to Contractor's direct, borrowed, special or statutory employees, whether as a statutory employer pursuant to La. R.S. 23:1061 or as a special employer pursuant to La. R.S. 23:1031(C), Owner shall be entitled to reimbursement from Contractor for any such benefit payments. Neither Contractor nor its underwriters shall be entitled to seek contribution from Owner for any worker's compensation benefits payments made on behalf of any of Contractor's direct, borrowed, special or statutory employees for purposes of La. R.S. 23:1031(C).

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**24.6&nbsp;&nbsp;&nbsp;&nbsp;LOCAL LABOR.**

Contractor shall use commercially reasonable efforts to attract and retain local labor personnel for the Work and to utilize local Subcontractors whenever possible and cost effective. Contractor agrees to use good faith efforts to award Subcontracts to Subcontractors based in the State of Louisiana and to hire personnel to perform the Work that live in the State of Louisiana.

**24.7&nbsp;&nbsp;&nbsp;&nbsp;COMMUNITY IMPACTS.**

Contractor shall use reasonable efforts to assist Owner in creating, assessing and carrying out programs which shall, during all phases of the Work, minimize the impacts upon the host community caused by the construction of the Facility. Such programs shall include sequencing of the Work so as to reasonably minimize the impacts of noise and dust at and around the Job Site.

**25.&nbsp;&nbsp;&nbsp;&nbsp;TITLE AND RISK OF LOSS.**

**25.1&nbsp;&nbsp;&nbsp;&nbsp;TRANSFER OF TITLE.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25.1.1&nbsp;&nbsp;&nbsp;&nbsp;Contractor warrants and guarantees to Owner good and legal title to the Materials and the Work, and shall deliver and convey ownership of the Materials and the Work free and clear of any and all liens, claims, security interest and other encumbrances, when title thereto passes to Owner. Title to all or any portion of the Materials shall pass to Owner upon the earliest of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;the occurrence of any event by which, under applicable Laws, title passes from Contractor or Subcontractors providing such Materials;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;the date that such Materials are delivered to a shipper for shipment (whether by ship, air, rail, truck or otherwise and whether directly or indirectly) to the Job Site;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;the date that such Materials are delivered to the Job Site; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;the date of termination of this Agreement, to the extent that Contractor has title.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25.1.2&nbsp;&nbsp;&nbsp;&nbsp;It is expressly understood and agreed, however, that (a) the passage of title shall not release Contractor from the Contractor's responsibility to perform fully its obligations hereunder, and (b) in no event shall title to the Owner Furnished Equipment and Materials pass from Owner to Contractor, and Owner shall, at all times, retain title and ownership of the Owner Furnished Equipment and Materials.

**25.2&nbsp;&nbsp;&nbsp;&nbsp;RISK OF LOSS.**

Notwithstanding passage of title as provided in <u>Section 25.1</u>, Contractor shall bear risk of loss of or damage to the Work and Materials in respect of which Owner has not assumed care,

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custody and control hereunder until the Facility Substantial Completion Date, but only to the extent (i) of any insurance proceeds actually received by Contractor from claims made under Owner's Construction and Erection All Risk Insurance Policy or other Owner insurance policies; or (ii) that such loss or damage results from the gross negligence or willful misconduct of Senior Supervisory Personnel or the willful misconduct of Contractor, its agents or Affiliates, workers, Senior Supervisory Personnel, Subcontractors and suppliers or the employees of each.

**25.3&nbsp;&nbsp;&nbsp;&nbsp;PROTECTION OF OWNER.**

For the purpose of protecting Owner's interest in all Materials and Owner Furnished Equipment and Materials delivered to the Job Site with respect to which title has passed to Owner but which remain in the possession of another party, Contractor shall take or cause to be taken all steps necessary under the Laws of the appropriate jurisdiction(s) to protect Owner's title and to protect Owner against claims by other parties with respect thereto.

**26.&nbsp;&nbsp;&nbsp;&nbsp;INSURANCE.** 

**26.1&nbsp;&nbsp;&nbsp;&nbsp;IN GENERAL.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.1.1&nbsp;&nbsp;&nbsp;&nbsp;Contractor and Owner shall procure and maintain the insurance enumerated in this <u>Article 26</u> as being applicable to it. The provisions of this <u>Article 26</u> do not modify or change or abrogate any responsibility of Owner or Contractor or any Subcontractor stated elsewhere herein. Neither Owner nor Contractor assumes responsibility for the solvency of any insurer or the failure of any insurer to settle any claim. Contractor shall remain responsible for: (i) uninsured losses and deductible amounts under the policies to be provided by Contractor; (ii) the first [\*\*\*] of the deductible for each occurrence under the Pollution Liability Insurance required to be provided by Owner pursuant to Section 26.3.1(e); and (iii) losses arising due to Contractor's or its Subcontractor's gross negligence or willful misconduct of Senior Supervisory Personnel under the policies to be provided by Owner until the Facility Substantial Completion Date, and Owner shall become responsible for such losses and deductibles occurring thereafter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.1.2&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall provide the insurance set forth in <u>Section 26.2</u> with properly licensed insurance carriers and evidence thereof in a form reasonably satisfactory to Owner and the Lenders' insurance advisors, which insurance carriers shall be (a) rated A- or higher (with a financial size category of at least FSC VII) by A.M. Best's Key Rating Guide, (b) rated A or higher by Standard and Poor's or (c) satisfactory to Owner and the Lenders' insurance advisor, in their sole discretion. Owner shall provide the insurance set forth in <u>Section 26.3</u> with properly licensed insurance carriers and evidence thereof and that are reinsured with reinsurers that are (i) rated A- or higher (with a financial size category of at least FSC VII) by A.M. Best's Key Rating Guide or (ii) rated A or higher by Standard and Poor's. Subject to <u>Section 26.3.1</u> the Notice to Proceed and any Limited Notice to Proceed shall not be effective until each of Owner and Contractor has provided to each other such satisfactory evidence of insurance. Each Party shall promptly provide written notification to the other Party if it becomes aware of any material change in, non-renewal or cancellation of insurance coverage that such Party is required to maintain hereunder.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.1.3&nbsp;&nbsp;&nbsp;&nbsp;All the liability policies (except workers' compensation, employer's liability and professional liability) of insurance shall be endorsed to provide a severability of interests or cross liability clause to the benefit of each additional insured.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.1.4&nbsp;&nbsp;&nbsp;&nbsp;If any loss or damage to the Work (on or off the Job Site) is sustained, Contractor shall, at the request of Owner, act on behalf of itself and Owner for the purpose of adjusting the amount of the loss with the insurer. Contractor shall (a) replace or repair any such loss or damage and complete the Work in accordance with this Agreement and (b) take such action as may be reasonable and necessary to mitigate the amount of any such loss. At the request of Owner, Contractor shall use commercially reasonable efforts for the benefit of the Parties to pursue all claims for loss or damage to property under the policies required to be provided by Owner pursuant to <u>Section 26.3</u> that exceed the deductible amounts of such policies. As soon as practicable following a loss event, Contractor, Owner and the assigned loss adjuster shall meet to review the loss or damage and determine the course of action required to remedy the loss or damage. To the extent possible, Contractor and Owner shall determine with the loss adjuster the extent of loss or damage and the level of insurance coverage applicable to such loss or damage. Contractor shall cooperate with and provide the loss adjuster information relevant to the loss or damage, the schedule impact estimates of remediation, and any other reasonable information sought by insurers concerning the loss event. Contractor shall keep Owner reasonably informed of the status of claims negotiations with the insurer for which Contractor is, at the request of Owner, responsible under the Construction and Erection All Risk insurance required to be obtained by Owner pursuant to <u>Section 26.3.1</u>. For the avoidance of doubt, Owner shall remain the sole authority on any decisions related to claims handling, coordination and acceptance of payment on all Owner-procured insurance policies. Advance payments under the applicable insurance policy may be requested of insurers in order to facilitate cash flow and in no event shall Contractor be relieved of its obligation to repair and replace the loss or damage if such advance is not made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.1.5&nbsp;&nbsp;&nbsp;&nbsp;Subject to the requirements and limitations set forth in <u>Section 26.1.4</u>, (a) Contractor shall include with each Request for Payment any amounts payable by Owner pursuant to this <u>Section 26.1.5</u> and (b) *provided that* Contractor comply with all requirements for payment set forth herein, Owner shall pay such amounts in accordance with the terms of this Agreement.

**26.2&nbsp;&nbsp;&nbsp;&nbsp;POLICIES TO BE OBTAINED BY CONTRACTOR.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.2.1&nbsp;&nbsp;&nbsp;&nbsp;Except for the Construction and Erection All Risk insurance required to be provided by Owner pursuant to <u>Section 26.3.1(a)</u> and Commercial General Liability insurance required to be provided by Owner pursuant to <u>Section 26.3.1(b)</u>, and the Pollution Liability Insurance required to be provided by Owner pursuant to <u>Section 26.3.1(e)</u><u>,</u> Contractor shall obtain and maintain in full force and effect, and shall require, as applicable, Subcontractors to procure and maintain in full force and effect, the following insurance:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;General liability insurance written on ISO occurrence form CG 00 01 or equivalent policy wording covering all activities of Contractor other than the Work at the Job Site, and shall include Owner, its parent, owners, subsidiaries and affiliate companies, their officers, agents, managers employees, directors, joint owners, the

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Lenders (individually), any other entity required of Owner in its financing documents and the Independent Engineer as additional insureds on a primary and noncontributory basis with respect to Work performed outside the Job Site, to the extent of the indemnity obligations assumed by Contractor under this Agreement. Such insurance shall be written in an amount of [\*\*\*] per occurrence and [\*\*\*] annual aggregate including a [\*\*\*] aggregate limit for products and completed operations. Such insurance shall be endorsed to include coverage for products and completed operations for ten (10) years after the Facility Substantial Completion Date or the statute of repose, whichever is less. Such insurance shall contain a waiver of subrogation in favor of Owner, its parent, owners, subsidiaries and affiliate companies, their officers, agents, managers employees, directors, joint owners, the Lenders (individually), any other entity required of Owner in its financing documents and the Independent Engineer to the extent of the indemnity obligations assumed by Contractor under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;Workers Compensation, and if applicable, United Longshore and Harbor Workers Compensation Act insurance and Jones Act coverage, or similar insurance in the form prescribed by relevant laws and insuring against work related losses and claims arising in connection with the performance of the Work by Contractor. Such insurance shall contain a waiver of subrogation in favor of Owner, its parent, owners, subsidiaries and affiliate companies, their officers, agents, managers employees, directors, joint owners, the Lenders (individually), any other entity required of Owner in its financing documents and the Independent Engineer to the extent of the indemnity obligations assumed under this Agreement by Contractor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;Employer's Liability with limits available under a primary or excess policy equal to the equivalent of [\*\*\*] per accident/occurrence or such higher limit as may be required by Laws. Such insurance shall contain a waiver of subrogation in favor of Owner, its parent, owners, subsidiaries and affiliate companies, their officers, agents, managers employees, directors, joint owners, the Lenders (individually), any other entity required of Owner in its financing documents and the Independent Engineer to the extent of the indemnity obligations assumed under this Agreement by Contractor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;Automobile Liability Insurance applicable to all owned, non-owned, hired and leased automotive equipment used in the performance of the Work, including contractual liability, with limits of [\*\*\*] per accident/occurrence combined single limit including Owner, its parent, owners, subsidiaries and affiliate companies, their officers, agents, managers employees, directors, joint owners, the Lenders (individually), any other entity required of Owner in its financing documents and the Independent Engineer as additional insureds on a primary and noncontributory basis to the extent of the indemnity obligations assumed under this Agreement by Contractor. Such insurance shall contain a waiver of subrogation in favor of Owner, its parent, owners, subsidiaries and affiliate companies, their officers, agents, managers employees, directors, joint owners, the Lenders (individually), any other entity required of Owner in its financing documents and the Independent Engineer to the extent of the indemnity obligations assumed under this Agreement by Contractor;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;Umbrella/Excess Liability Insurance providing coverage over the underlying insurance required in <u>Sections 26.2.1(a)</u>, <u>26.2.1(c)</u>, and <u>26.2.1(d)</u> with limits of [\*\*\*] per occurrence and in the annual aggregate. Such insurance shall include Owner, its parent, owners, subsidiaries and affiliate companies, their officers, agents, managers employees, directors, joint owners, the Lenders (individually), any other entity required of Owner in its financing documents and the Independent Engineer as additional insureds on a primary and noncontributory basis with respect to Work performed outside the Job Site and include a waiver of subrogation in favor of such additional insureds, to the extent of the indemnity obligations assumed by Contractor under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall maintain or require to be maintained Professional Liability Insurance, on account of any errors or omissions of Contractor and Subcontractors involved in Work contracted hereunder with liability limits of insurance of [\*\*\*] per claim and [\*\*\*] in the aggregate during construction and for a five (5) year period after Final Completion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;[Reserved];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;&nbsp;For all vessels owned, operated, chartered, or brokered by or for Contractor or any of the Subcontractors in connection with the Work, Contractor shall carry or require the owner or operator of such vessels to carry watercraft insurance, as follows: (i) Hull Insurance for full fair value; (ii) Protection and Indemnity Insurance under Form SP-23 (Revised 1/56), or most recent version, to cover liabilities arising out of the ownership, operation and use of any vessel with liability limits of insurance of [\*\*\*] per occurrence, including (y) pollution and environmental liability insurance upon such vessels for damages, cleanup and restoration costs, in amount no less than those limits required by applicable Law and coverage for crew and personnel on such vessels, with no exclusion for activities arising from the use of remote operated vehicles and submarines and diving operations (if these operations are to be performed under this Agreement), and (z) including collision and tower's liability, cargo legal liability (to the extent applicable), and coverage for liabilities for the removal of wreck or debris as compulsory under statute or as requested by applicable Government Authorities. Insurers shall waive any right to limit liability to the value of the vessel, but only with respect to Owner indemnified parties, whichever is applicable, and the phrase "as owner of vessel named herein" and all similar phrases purporting to limit the insurer's liability to that of an owner shall be deleted. The coverage in clause (y) regarding pollution and environmental liability insurance for damages, cleanup and restoration costs (in amount no less than those limits required by applicable Law) may be provided under a marine pollution liability policy; *provided that* such policy provides the same coverage and limits that would be provided under the protection and indemnity insurance. Should the Work necessitate the use of remotely operated vehicles or dredging, this protection and indemnity insurance shall include a specialist operation endorsement; and (iii) Charterer's Legal Liability Insurance to cover liabilities arising out of operation and use of any time or voyage chartered vessel including coverage for contractual liability for those liabilities assumed by Contractor herein with liability limits of insurance of [\*\*\*] per occurrence.

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The insurance listed in clauses (y) and (z) above shall provide that seaworthiness of vessels used to perform Work hereunder is accepted by insurers (or that insurers shall waive in favor of Owner indemnified parties, the vessel owner's and/or Contractor's warranty of seaworthiness).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.2.2&nbsp;&nbsp;&nbsp;&nbsp;[Reserved].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.2.3&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall be responsible for additional costs associated with modifying any inadequate coverage, terms and conditions to meet the requirements of this <u>Section 26.2</u>. Contractor shall comply with all the conditions and requirements provided for in its insurance policies and to the extent Contractor has been notified in writing of such conditions and requirements the policies required to be maintained by Owner pursuant to <u>Section 26.3</u>. Contractor shall make no material adverse alteration to the terms of any insurance required herein without the prior written approval of Owner and the Independent Engineer. If an insurer makes (or purports to make) any such alteration, Contractor shall notify Owner immediately.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.2.4&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall require all insurers under Contractor's insurance policies to provide Owner and such other interested Persons as may be designated by Owner with certificates of insurance, in form and substance reasonably acceptable to Owner, evidencing and describing the insurance policies and endorsements maintained hereunder prior to commencement of the Work, or upon issuance of such policies, if earlier, and prior to each issuance anniversary date throughout the term of this Agreement. The certificates of insurance shall evidence and describe the insurance policies and endorsements. Notwithstanding anything to the contrary contained herein, evidence of such coverage shall be provided to Owner as a condition precedent to the commencement of the Work.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.2.5&nbsp;&nbsp;&nbsp;&nbsp;In respect of all of the Contractor's insurance policies, Contractor shall, on or before the Notice to Proceed Date and as may be requested by Owner from time to time, produce the Contractor's certificates of insurance, and required endorsements. If policies have been secured on a project specific basis, Contractor shall provide the actual policy upon written request by Owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.2.6&nbsp;&nbsp;&nbsp;&nbsp;Before permitting any of its Subcontractors to perform any Work at the Job Site, Contractor shall obtain a certificate of insurance from each such Subcontractor evidencing that such Subcontractor has obtained the insurance required of Subcontractors by Contractor, such insurance at a minimum to include Workers Compensation, and if applicable, United Longshore and Harbor Workers Compensation Act insurance and Jones Act coverage, general liability, employer's liability and umbrella/excess liability insurance and, with respect to Subcontractors that charter a vessel for the purpose of their work, the insurance described in <u>Section 26.2.1(h)</u>. Policies provided by Subcontractors shall be in amounts and upon conditions as are customarily and normally provided for work similar to the Work. Contractor shall use reasonable efforts to cause all Major Subcontractors to include in their respective insurance policies a waiver of any right of subrogation of the insurers thereunder against Owner, the Lenders, the Independent Engineer and Contractor, and any right of the insurers to set off or counterclaim, offset or any other deduction, whether by attachment or otherwise, in respect of any liability of any such Person insured under such policy.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.2.7&nbsp;&nbsp;&nbsp;&nbsp;If Contractor shall fail to obtain and keep in force insurance required pursuant to this <u>Section 26.2</u>, Owner may, without limiting any other remedy it may have, obtain and keep in force any such insurance and pay such premium or premiums as may be necessary for that purpose and recover from Contractor whether by way of deduction, offset or otherwise the cost of obtaining and maintaining such insurance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.2.8&nbsp;&nbsp;&nbsp;&nbsp;Except as directed by Owner, Contractor shall be responsible for managing and administering all of Contractor's insurance policies, including the payment of all deductibles pursuant to <u>Section 26.1.1</u> and self-insured retention amounts, the filing of all claims and the taking of all necessary and proper steps to collect any proceeds on behalf of the relevant insured Person. Contractor shall at all times keep Owner informed of the filing and progress of any claim arising out of or relating to the Work. If Contractor shall fail to perform these responsibilities, upon reasonable written notice Owner may take such action as it determines appropriate under the circumstances. In the event Contractor collects proceeds on behalf of other Persons, it shall ensure that these are paid directly from the insurers to the relevant Person and, in the event that it receives any such proceeds, it shall, unless otherwise directed by Owner, pay such proceed to such Party forthwith and prior thereto, hold the same in trust for the recipient.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.2.9&nbsp;&nbsp;&nbsp;&nbsp;All equipment, tools, supplies and materials belonging to Contractor or any Subcontractor and used by Contractor or such Subcontractor for the performance of the Work and not to be incorporated into or to be left at the Facility shall be brought to and kept at the Job Site at the cost and risk of Contractor or such Subcontractor, and Owner shall not be liable for loss or damage thereto and any insurance policies carried by Contractor or Subcontractors shall waive the insurer's right to subrogation against Owner, the Lenders and the Independent Engineer, and their respective assignees, subsidiaries, Affiliates and employees. Contractor shall obtain, or shall cause Subcontractors to obtain, adequate insurance to cover any construction tools and equipment leased from Third Parties.

**26.3&nbsp;&nbsp;&nbsp;&nbsp;POLICIES TO BE OBTAINED BY OWNER.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.3.1&nbsp;&nbsp;&nbsp;&nbsp;From and after the earlier of the Notice to Proceed Date and such other date as the Parties may mutually agree upon in writing (whether earlier or later) through Final Completion, Owner shall obtain and maintain in full force and effect at its cost, the following insurance with respect to the procurement, construction, erection, Pre-Commissioning, Commissioning, testing and pre-completion operation of the Materials, the Work at the Job Site and the Facility; *provided that* Owner shall not be obligated to obtain Construction and Erection All Risk insurance before the date upon which Contractor or any Subcontractor will begin Work at, or deliver Materials to, the Job Site:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;Construction and Erection All Risk insurance (excluding Contractor's and Subcontractors' equipment and property not intended to be installed into the Facility). Such insurance policy shall be written on a replacement cost basis and be in the joint names of Owner and the Lenders as named insureds and Contractor and Subcontractors as additional insureds with a waiver of the insurer's rights of subrogation in favor of all such named insureds and additional insureds. The deductible under such insurance shall be consistent with the terms reasonably and commercially available in the insurance

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marketplace considering the equipment and maturity of its design and location. The policy shall also provide, in amounts reasonably acceptable to the Lenders, (i) coverage for removal of debris, (ii) transit coverage with worldwide coverage territory including the continental boundaries of the United States of America and inland waterways, not including air and ocean marine coverage, (iii) off-site storage coverage, (iv) pollution clean-up and removal (with per occurrence and policy aggregate sublimits), (v) professional fees, (vi) operational and performance testing, (vii) earth movement, flood, named windstorm, expediting expense (with per occurrence and policy aggregate sublimits), (viii) minimization of loss expense, (ix) design defect clause no more restrictive than LEG 2/96, (x) 50/50 hidden damage clause, (xi) advance payment clause and (xii) fire department charges clause. The deductible and any self-insured retentions under such insurance shall be for Owner's account. Owner may, in its sole discretion, carry and maintain Delay in Commissioning or Start-up insurance covering at least Owner's debt service payments (principal and interest), and as the Lenders may require, continuous fixed expenses and additional expenses incurred as a result of loss or damage covered under the insurance provided pursuant to <u>Sections 26.3.1(a)</u> and <u>26.3.1(c)</u>. Any recovery under the Delay in Commissioning or Start-up coverage will accrue to the benefit of Owner. If an event or events occur that may be covered by the Delay in Commissioning or Start-up insurance, it shall be Owner's sole option to decide whether to file a claim under such Delay in Commissioning or Start-up insurance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;Owner Controlled Insurance Program for Commercial General Liability insurance with a limit of at least [\*\*\*] per occurrence and in the aggregate for bodily injury and property damage at the Job Site. Such coverage shall name Owner, the Lenders, Contractor and Subcontractor as insureds with a waiver of subrogation in favor of any insured and shall include a severability of interest and cross liability provision. Coverage may be arranged in combination of primary and excess coverage. The deductible and any self-insured retentions shall be for Owner's account. Owner's procurement and provision of this insurance shall in no way relieve Contractor or any Subcontractor of any responsibility or liability under this Agreement, any applicable law, statute, regulation or order. Notwithstanding any provision to the contrary, the coverage provided by the Owner Controlled Insurance Program shall be primary and non-contributory to any insurance provided or maintained by Contractor or its Subcontractors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;Subject to prevailing terms in the insurance marketplace, air and ocean cargo coverage for all Materials shipped to the Job Site (other than locally procured Materials) and insuring the interest of Owner, the Lenders, Contractor and Subcontractors (however excluding ship-owners, charterers, freight-forwarders, haulers and riggers) written on a warehouse to final destination basis from customary standard ICC (A) clause "all risk" air and marine perils while in transit. Such policy shall be written on CIF + 10% or equivalent or replacement cost basis or in such other amounts acceptable to Owner, the Lenders and Contractor, and shall be subject to a per conveyance limit equivalent to the maximum value of the shipment. Such maximum value shall be determined before the inception of the policy. The deductibles and any self-insured retentions under such insurance shall be for Owner's account. Contractor shall provide

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Owner with schedules and Notices of air and marine shipments pursuant to <u>Section 3.8.19</u>. Owner shall be responsible for any required load survey costs incurred in connection with any shipment of Materials or equipment for Work performed under this Agreement, including but not limited to complying with Loss Control Warranty Wordings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;Upon the LNG Production System Substantial Completion of each LNG Production System, Owner shall have in place a Commercial Property Policy for such LNG Production System and corresponding LNG Production System Handover Package from the time care, custody and control of such LNG Production System Handover Package transfers from Contractor to Owner in accordance with <u>Section 18.1.3</u>. Such policy shall contain a waiver of subrogation in favor of Contractor and its Subcontractors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.3.2&nbsp;&nbsp;&nbsp;&nbsp;Owner shall also provide Contractor with satisfactory evidence of the existence of insurance policies obtained by Owner prior to an effective Notice to Proceed Date and copies of the policies of insurance obtained by Owner not later than thirty (30) days following the Notice to Proceed Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.3.3&nbsp;&nbsp;&nbsp;&nbsp;Insurance required to be maintained by Owner hereunder shall be subject to standard sublimits and exclusions reasonably commercially available in the insurance marketplace. In addition, if other coverage limits or deductibles described in this <u>Section 26.3</u> are not available at commercially reasonable rates, Owner shall notify Contractor and the Parties shall discuss appropriate alternative coverage limits and/or deductibles.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.3.4&nbsp;&nbsp;&nbsp;&nbsp;All insurance referred to in this or any other Section of this Agreement shall be subject to review and acceptance by the Lenders, and Contractor shall assist as necessary in arranging and maintaining all such insurance and shall not do or omit to do anything that may cause such policy to be invalidated or a valid claim to be repudiated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.3.5&nbsp;&nbsp;&nbsp;&nbsp;Each of Owner and Contractor shall also purchase insurance that may be statutorily required from time to time and/or enroll employees in such state schemes as may be so required at each Party's own expense during the term of this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26.3.6&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall cooperate with Owner and its insurers to provide any information requested by the insurers necessary to maintain, manage or obtain an extension to the insurance policies.

**27.&nbsp;&nbsp;&nbsp;&nbsp;CONFIDENTIAL TREATMENT OF PROPRIETARY INFORMATION; RELIANCE ON INFORMATION.**

**27.1&nbsp;&nbsp;&nbsp;&nbsp;CONFIDENTIAL TREATMENT.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27.1.1&nbsp;&nbsp;&nbsp;&nbsp;Contractor covenants and warrants (on behalf of its Representatives) that it shall not (without in each instance obtaining Owner's prior written consent) disclose, make commercial or other use of, or give or sell to any Person any non-public information regarding Owner, its Affiliates or the Facility (including commercially sensitive information related to the transactions contemplated hereby) ("***Confidential Information***"); *provided*, *however*, that Contractor may disclose such Confidential Information (but only to the extent necessary) (a) to its Representatives, Subcontractors and suppliers who have a need to know such Confidential Information, (b) to its counsel, (c) to any Government Authority to the extent required by Law to be disclosed, (d) under seal in connection with any arbitration, mediation or litigation or (e) to the Lenders or the Independent Engineer in connection with the Financing or insurance underwriters in connection with the Work; *provided*, *further*, that any Confidential Information disclosed pursuant to clauses (a), (b), (d) and (e) shall not be disclosed unless (i) the recipient is informed as to the confidential nature of such information, (ii) the recipient agrees to a separate confidentiality agreement with terms and conditions as least as restrictive as this <u>Section 27.1.1</u> as a condition to the receipt of such Confidential Information and (iii) the disclosing Party remains liable for any breach of this <u>Section 27.1.1</u> if the breach is caused by the disclosing party or its officers or employees; *provided*, *further*, that prior to any disclosure of Confidential Information pursuant to clause (c), Contractor shall give reasonable notice to Owner of the information required to be disclosed and, to the extent reasonably capable under applicable Law and the circumstances surrounding the disclosure, shall provide Owner with an opportunity to take appropriate steps Owner believes are necessary to protect the confidentiality and/or proprietary nature of its Confidential Information. Contractor shall not, nor shall it permit any of its subsidiaries or Affiliates to, issue or cause the publication of any press release or other public statements, announcements or disclosure with respect to this Agreement or the transactions contemplated hereby, or otherwise use Owner's trademarks, service marks, trade names, logos, domain names, or other indicia of source, association, or sponsorship, without the written consent of Owner. The duration of the obligations stated in this <u>Section 27.1</u> shall be (x) for Confidential Information that is identified by a Party to be a trade secret, for so long as such Confidential Information remains confidential, and (y) for all other Confidential Information, for a period of [\*\*\*] years after the expiration or termination of this Agreement. Information shall not be deemed to be "Confidential Information" where: (A) it is or becomes public information or otherwise generally available to the public through no act of or failure to act by Contractor; (B) it was, prior to the Effective Date, already in the possession of Contractor and was not received by Contractor directly or indirectly from Owner and is not subject to a confidentiality agreement; (C) it is rightfully received by Contractor from a third party who is not prohibited from disclosing it to Contractor and is not breaching any agreement by disclosing it to

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Contractor; or (D) was independently developed by the Contractor without the use of any Confidential Information of Owner. Specific information shall not be deemed to be within the exceptions of the previous sentence merely because it is embraced by more general information within such exceptions, nor shall a combination of features be deemed to be within such exceptions merely because the individual features are within such exceptions. Contractor acknowledges that in the event of a breach of any of the terms contained in this <u>Article 27</u>, Owner may suffer irreparable harm for which remedies at law, including damages, would be inadequate, and that Owner shall be entitled to seek equitable relief therefor by injunction, in addition to any and all rights and remedies available to it at law and in equity, without the requirement of posting a bond.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27.1.2&nbsp;&nbsp;&nbsp;&nbsp;Without limiting <u>Section 27.1.3</u>, Owner covenants and warrants (on behalf of its Representatives and the Independent Engineer) that it shall not (without in each instance obtaining Contractor's prior written consent) disclose, make commercial or give or sell to any Person any non-public information regarding the Contractor's reimbursable or unit rates, the liability set forth in this Agreement, Contractor Intellectual Property, or other commercial information of Contractor unrelated to the Facility, the Work, this Agreement and not required to be provided or licensed to Owner under <u>Article 29</u> (collectively, "***Contractor Confidential Information***"); *provided*, *however*, that Owner may disclose the Contractor Confidential Information listed in (i) above (but only to the extent necessary) to the parties listed in <u>Section 27.1.1</u> (a) through (e) above, applied on a mutatis mutandis basis, and Owner's existing or potential LNG offtakers and buyers, and so long as the recipient agrees to maintain the confidentiality of Contractor Confidential Information on terms and conditions as least as restrictive as those set forth herein; and *provided*, *further*, that, except as necessary for Owner to invoice any Owner Contractor for corrective or remedial work performed by Contractor, Owner shall not directly or indirectly provide the Contractor Confidential Information to any engineering, construction and procurement contractor (including UOP, BH and CB&I) that provides engineering, construction and procurement services for chemical or LNG facilities as a substantial part of its business without the prior written consent of the Contractor. <u>Section 27.1.2</u> shall apply on a mutatis mutandis basis to Contractor Confidential Information. Owner acknowledges that in the event of a breach of any of the terms contained in this <u>Article 27</u>, Contractor may suffer irreparable harm for which remedies at law, including damages, would be inadequate, and that Contractor shall be entitled to seek equitable relief therefor by injunction, in addition to any and all rights and remedies available to it at law and in equity, without the requirement of posting a bond. Information shall not be deemed to be "Contractor Confidential Information" where: (A) it is or becomes public information or otherwise generally available to the public through no act of or failure to act by Owner; (B) it was, prior to the Effective Date, already in the possession of Owner and was not received by Owner directly or indirectly from Contractor and is not subject to a confidentiality agreement; (C) it is rightfully received by Owner from a third party who is not prohibited from disclosing it to Owner and is not breaching any agreement by disclosing it to Owner; or (D) was independently developed by Owner without the use of any Contractor Confidential Information. Specific information shall not be deemed to be within the exceptions of the previous sentence merely because it is embraced by more general information within such exceptions, nor shall a combination of features be deemed to be within such exceptions merely because the individual features are within such exceptions.

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**27.2&nbsp;&nbsp;&nbsp;&nbsp;RELIANCE ON INFORMATION.**

Subject to <u>Article 29</u>, Owner shall have unrestricted use of Drawings and Specifications provided to Owner pursuant to this Agreement.

**28.&nbsp;&nbsp;&nbsp;&nbsp;REPRESENTATIONS AND WARRANTIES.**

**28.1&nbsp;&nbsp;&nbsp;&nbsp;OWNER REPRESENTATIONS AND WARRANTIES.**

Owner represents and warrants that as of the Effective Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28.1.1&nbsp;&nbsp;&nbsp;&nbsp;Owner is a limited liability company duly organized and validly existing in good standing under the laws of the State of Delaware and has all necessary power and authority to enter into and perform its obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28.1.2&nbsp;&nbsp;&nbsp;&nbsp;Each of the execution, delivery and performance by Owner of this Agreement has been duly authorized by all necessary action on the part of Owner and does not contravene or constitute a default under any provision of applicable Law, the constituting documents or the certificate of formation of Owner or of any other agreement, judgment, injunction, order, decree or other instrument binding upon Owner; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28.1.3&nbsp;&nbsp;&nbsp;&nbsp;Owner has duly executed and delivered this Agreement and, assuming the due authorization, execution and delivery thereof by Contractor, this Agreement constitutes (or when so executed and delivered will constitute) a valid and binding obligation of Owner enforceable against Owner in accordance with its terms, except that (a) such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, liquidation, moratorium or similar laws affecting creditors' rights generally and (b) the application of general equitable principles may limit the availability of certain remedies.

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**28.2&nbsp;&nbsp;&nbsp;&nbsp;CONTRACTOR REPRESENTATIONS AND WARRANTIES.**

Contractor represents and warrants that as of the Effective Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28.2.1&nbsp;&nbsp;&nbsp;&nbsp;It is a corporation duly organized and validly existing in good standing under the laws of Texas, and has all necessary power and authority to carry on its business as presently conducted, to own or hold under lease its properties and to enter into and perform its obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28.2.2&nbsp;&nbsp;&nbsp;&nbsp;Each of the execution, delivery and performance by it of this Agreement has been duly authorized by all necessary action on its part, does not require any approval, except as has been heretofore obtained, of its board of directors or shareholders or any consent of or approval from any trustee, lessor or holder of any indebtedness or other obligation of it, except for such as have been duly obtained, and does not contravene or constitute a default under any provision of applicable Law, its constituting documents or by-laws or of any agreement, judgment, injunction, order, decree or other instrument binding upon it, or subject the Facility or any component part thereof or the Job Site or any portion thereof to any lien other than as contemplated or permitted by this Agreement; and it is in compliance with all applicable Laws (a) which govern its ability to perform its obligations under this Agreement or (b) the noncompliance with which would have a material adverse effect on it;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28.2.3&nbsp;&nbsp;&nbsp;&nbsp;Neither the execution and delivery by it of this Agreement, nor the consummation by it of any of the transactions contemplated hereby, requires the consent or approval of, the giving of notice to, the registration with, the recording or filing of any document with, or the taking of any other action in respect of any Government Authority, except such as are not yet required, and it has no reason to believe that the same will not be readily obtainable in the ordinary course of business upon due application therefor, or which have been duly obtained and are in full force and effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28.2.4&nbsp;&nbsp;&nbsp;&nbsp;It has duly executed and delivered this Agreement, and, assuming the due authorization, execution and delivery thereof by Owner, this Agreement constitutes (or when so executed and delivered will constitute) its valid and binding obligation, enforceable against it in accordance with its terms, except that (a) such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, liquidation, moratorium or similar laws affecting creditors' rights generally and (b) the application of general equitable principles may limit the availability of certain remedies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28.2.5&nbsp;&nbsp;&nbsp;&nbsp;Contractor has substantial experience and all the required skills and capacity necessary for the engineering, procurement and fabrication of Materials used in LNG export and liquefaction facilities comparable to the Facility, and is fully qualified to engineer, procure and construct the Work and otherwise perform the Work in accordance with this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28.2.6&nbsp;&nbsp;&nbsp;&nbsp;It understands that as background information and as an accommodation to it, prior to the Effective Date Owner may provide or may have provided it with copies of certain studies, reports or other information. It further acknowledges and agrees that (a) Owner makes no representations or warranties with respect to the accuracy of such documents or the

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information or opinions therein contained or expressed unless expressly stated herein (including any Exhibit hereto), (b) Owner shall not be liable to it in contract, tort or otherwise as a result of the use of such information by it, except as expressly provided herein and (c) except for the Relied Upon Information, it shall not rely upon such information without satisfying itself as to its accuracy and completeness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28.2.7&nbsp;&nbsp;&nbsp;&nbsp;It (a) has examined this Agreement, including all Exhibits attached hereto, thoroughly and become familiar with all its terms and provisions and to the best of its knowledge, it has reviewed all other documents and information necessary and available to it in order to ascertain the nature, location and scope of the Work, the character and accessibility of the Job Site and surrounding area, the existence of obstacles at the Job Site and surrounding area to the performance of the Work, the availability of facilities and utilities, and the location and character of any existing or adjacent work or structures, and based on such examination and review has no reason to believe that it will be unable to complete the Work in accordance with this Agreement and (b) expressly waives any claims for adjustment to the Target Price or time extension in connection with such conditions, except as otherwise provided herein including <u>Sections 3.3</u> and <u>12.4</u>; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28.2.8&nbsp;&nbsp;&nbsp;&nbsp;Excluding any Intellectual Property rights that are granted or conveyed to Owner under the Owner Contracts (in respect of which no representations or warranties are made by Contractor), none of the Inventions, Materials or the design, engineering and other Work or services rendered by Contractor hereunder, nor the use or ownership thereof by Owner, infringes, as of the Effective Date or prior to Final Completion violates or constitutes a misappropriation of any third party Intellectual Property rights (including any trade secrets, proprietary rights, patents, or copyrights) or trademark, and Contractor further has all requisite rights to grant Owner such rights specified in <u>Article 29</u>.

**29.&nbsp;&nbsp;&nbsp;&nbsp;INTELLECTUAL PROPERTY AND LICENSES.**

**29.1&nbsp;&nbsp;&nbsp;&nbsp;OWNERSHIP.**

Contractor shall disclose promptly in writing to Owner all inventions, discoveries, developments and other Intellectual Property which it or its employees or agents (a) may make, create, develop, invent, conceive or first reduce to practice which are based on or derived from Confidential Information or other proprietary information received from Owner or (b) made, created, developed, invented, conceived or first reduced to practice hereunder for the purposes of the Work (but excluding Contractor Intellectual Property) ((a) and (b) collectively, "***Inventions***"). All right, title and interest (including all Intellectual Property rights other than Contractor Intellectual Property) in and to all such Inventions, as well as any Deliverables (including all Intellectual Property rights therein other than Contractor Intellectual Property) provided hereunder, shall be the sole and exclusive property of Owner, and Contractor agrees to assign and hereby assigns all such right, title, and interest in and to all such Inventions and Deliverables (including all Intellectual Property rights therein other than to Contractor Intellectual Property) to Owner. Contractor retains all right, title and interest to all Contractor Intellectual Property. Nothing in this Agreement grants to Contractor any right under or to Owner's Intellectual Property.

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**29.2&nbsp;&nbsp;&nbsp;&nbsp;LICENSES.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.2.1&nbsp;&nbsp;&nbsp;&nbsp;From the receipt of the first payment on or following the Notice to Proceed Date, Contractor hereby grants to Owner and its Affiliates (and shall procure for Owner from any Subcontractors) a perpetual, irrevocable (so long as Owner has not been finally adjudged by court or arbitral tribunal to be in material breach of its payment obligations hereunder), royalty-free, transferable (limited to its Affiliates, any Lender exercising any step-in rights or any owner of the Facility), worldwide, nonexclusive license in, to, and under the Contractor Intellectual Property to copy, modify, reproduce, distribute, practice, and otherwise utilize the same to the extent reasonably necessary for the completion, design, construction, installation, operation, maintenance, repair, replacement, expansion, reconstruction, alteration or modification of the Facility (including any portion, subsystem, unit or component thereof), but not including the right to grant sublicenses to third parties except in connection with and as necessary for the completion, design, construction, installation, operation, maintenance, repair, replacement, expansion, modification, alteration or reconstruction of the Facility (or any portion, subsystem, unit or component thereof) or to accomplish an above-permitted transfer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.2.2&nbsp;&nbsp;&nbsp;&nbsp;Contractor agrees to execute or have executed all documents, and to perform or have performed all lawful acts that Owner may deem reasonably desirable or necessary to perfect its (or its designee's) ownership of or license(s) to which it is entitled pursuant to this <u>Article 29</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.2.3&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall, prior to directing any Subcontractors to perform any part of the Work, obtain a valid written assignment and license from each such Subcontractor covering the same items and on identical (or if identical terms cannot be obtained, despite Contractor's commercial reasonably efforts to do so and so long as prior written notice is provided to Owner, equivalent) terms as those that obligate Contractor to the Owner as expressed in this <u>Article 29</u>.

**29.3&nbsp;&nbsp;&nbsp;&nbsp;DATA.**

Subject to the retention by Contractor of all Contractor Intellectual Property, all Drawings and Specifications furnished or required to be furnished by Contractor to Owner in performing the Work (including all Intellectual Property rights therein) are and shall be the sole and exclusive property of Owner, and Contractor agrees to assign and hereby assigns all such right, title and interest in and to all such Drawings and Specifications (including all Intellectual Property rights therein, but excluding Contractor Intellectual Property) to Owner. From the Effective Date, Contractor grants to Owner, without limitation of <u>Section 29.2.1</u>, a perpetual, irrevocable (so long as Owner has not been finally adjudged by court or arbitral tribunal to be in material breach of its payment obligations hereunder), worldwide, nonexclusive, nontransferable (except to Owner's Affiliates, any Lender exercising step-in rights or any owner of the Facility), royalty-free right to use all Intellectual Property included in the Drawings and Specifications (including technical information and software), that is not owned by Owner, all for the purpose of the completion, design, construction, installation, operation, maintenance, repair, replacement, expansion, modification, alteration or reconstruction of the Facility (including any portion, subsystem, unit or component thereof), but not including the right to grant sublicense to third parties except in connection with and as necessary for the completion, design, construction, installation, operation, maintenance, repair, replacement, expansion, modification, alteration or

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reconstruction of the Facility (or any portion, subsystem, unit or component thereof) or to accomplish an above-permitted transfer.

**30.&nbsp;&nbsp;&nbsp;&nbsp;INDEMNIFICATION.**

**30.1&nbsp;&nbsp;&nbsp;&nbsp;CONTRACTOR INDEMNITY.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30.1.1&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall defend, indemnify, and hold the Owner Indemnitees harmless from and against any and all Losses incurred by any such Owner Indemnitees to the extent arising from or based on any Intellectual Property Claim. If any use, operation, or enjoyment of the Facility or any part thereof is the subject of an Intellectual Property Claim, then, in addition, Contractor shall promptly, but in no event later than thirty (30) days from the date of notice from Owner, commence action to remove such impediment, and thereafter shall diligently pursue removal of such impediment, (at Contractor's option) by: (a) procuring for Owner, or reimbursing Owner for procuring, the right to continue using the subject of the Intellectual Property Claim; (b) modifying the subject of the Intellectual Property Claim to avoid the alleged infringement, disclosure, use, misappropriation or other violation, while maintaining substantially the same performance, quality and expected life satisfying the requirements of this Agreement, to the reasonable satisfaction of Owner; or (c) replacing the subject of the Intellectual Property Claim with service, Materials, Inventions, or other Work or Contractor Intellectual Property, as applicable, of comparable functionality and quality and satisfying the requirements of this Agreement, to the reasonable satisfaction of Owner, that avoids the alleged infringement, disclosure, use, misappropriation or other violation; *provided that* in no case shall Contractor take any action which materially and adversely affects Owner's continued completion, design, construction, installation, operation, maintenance, repair, replacement, expansion, modification, alteration or reconstruction of the Facility (or any portion, subsystem or component thereof) without the prior written consent of Owner; and *provided further*, that in no event shall Contractor have such indemnity obligations or obligation to remove such impediment for any Intellectual Property Claim arising from or in connection with (i) the Owner Furnished Equipment and Materials or any written instruction, written information, designs, specifications, or other materials provided by Owner to Contractor, (ii) any action or omission of any Owner Contractor, or (iii) any modification of the Work directed by Owner or that was not authorized by Contractor. For the avoidance of doubt, Owner's acceptance of the Materials, Deliverables, Inventions, and other equipment or any other component of the Work shall not be construed to relieve Contractor of any obligation hereunder. Owner shall, and shall cause other Owner Indemnitees to, agree to reasonably cooperate and assist Contractor in the defense of any Intellectual Property Claims, at Contractor's cost. Any Owner Indemnitee that seeks to settle any Intellectual Property Claim shall seek the prior approval of Contractor, which approval shall not be unreasonably withheld, conditioned, or delayed, in respect of such settlement. Contractor shall not settle any Intellectual Property Claim that includes any non-monetary obligations without the prior approval of Owner, which approval shall not be unreasonably withheld, conditioned, or delayed, in respect of such settlement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30.1.2&nbsp;&nbsp;&nbsp;&nbsp;In addition to its indemnification, defense and hold harmless obligations contained elsewhere herein, to the fullest extent permitted by Law, Contractor assumes liability

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for, and agrees to indemnify, protect, save and hold harmless and defend each of the Owner Indemnitees from and against any and all Losses (including any strict liability, all fines and penalties as well as reasonable attorneys' fees, consultant fees, experts' fees and litigation expenses) of whatsoever kind and nature that may be imposed on, suffered or incurred by or asserted against any Owner Indemnitee in any way relating to or directly or indirectly arising out of (a) the presence, Release or threatened Release of any Hazardous Substance used, generated or handled by or brought to the Job Site or disposed by or at the direction of Contractor or any Subcontractor (but in all cases, excluding (i) Pre-Existing Hazardous Substances (except to the extent of Contractor's or its Subcontractors' noncompliance with <u>Section 3.8.47</u> or the gross negligence or willful misconduct in the handling, storage or transportation of any Pre-Existing Hazardous Substance after discovery of such Pre-Existing Hazardous Substance by Contractor or a Subcontractor); or (ii) claims arising out of Owner's gross negligence or willful misconduct in the handling, storage or transportation of Hazardous Substances brought to the Site by Contractor), (b) bodily injuries (including wrongful death) or property damage of a Third Party (which Third Party shall not include any Owner Contractor or any of their officers, directors, employees, or statutory employees pursuant to La. R.S. 23:1061(A)(3)), to the extent caused by the negligent acts or omissions of Contractor, any worker or any Subcontractor or anyone for whose acts they may be liable arising in connection with the performance of the Work, (c) fines and penalties arising out of the violation by Contractor or any Subcontractor of: (i) any Permit held in its name or (ii) any applicable Law, (d) the vitiation of any Contractor provided insurance policies due to Contractor's or any Subcontractor's breach of any representation, declarations or conditions contained in any insurance policy, including the provision of false or misleading information, (e) Contractor or any Subcontractor terminating the employment of or removing from the Work any employee who fails to meet the requirements set forth in <u>Section 5.1.2</u> following a request by Owner to have such employee removed from Work, or (f) claims by any Government Authority as a result of a failure by Contractor or any Subcontractor to pay Taxes for which it is responsible to pay or remit under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30.1.3&nbsp;&nbsp;&nbsp;&nbsp;To the fullest extent permitted by Law, Contractor assumes liability for, and agrees to indemnify, protect, save and hold harmless and defend each of the Owner Indemnitees from and against any and all Losses (including any strict liability, as well as reasonable attorneys' fees, consultant fees, experts' fees and litigation expenses) of whatsoever kind and nature that may be imposed on, suffered or incurred by or asserted against any Owner Indemnitee to the extent arising from the negligence of Contractor or any Subcontractor or any other Person directly or indirectly employed by any of them hereunder for damage to or loss of the physical property of Owner or its Affiliates for which Owner or its Affiliate has assumed care, custody and control (excluding, for the avoidance of doubt, the Work for which Contractor has the risk of loss under <u>Section 25.2</u> at the time the damage occurred); *provided*, *however*, Contractor's and Subcontractor's total liability hereunder for each occurrence of such damage or loss to such property shall not exceed [\*\*\*] and Owner releases the Contractor Indemnitees and Subcontractors from any liability in excess of such amount, whether or not any such liability is claimed in contract, statute, equity, tort or otherwise and shall apply irrespective of negligence.

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**30.2&nbsp;&nbsp;&nbsp;&nbsp;OWNER INDEMNITY.**

Subject to Contractor's indemnity obligations under <u>Section 30.1</u>, to the fullest extent permitted by Law, Owner assumes liability for, and agrees to indemnify, protect, defend, save and hold each of the Contractor Indemnitees harmless from and against any and all Losses (including any strict liability, as well as reasonable attorneys' fees, consultant fees, experts' fees and litigation expenses) of whatsoever kind and nature that may be imposed on, suffered or incurred by or asserted against any Contractor Indemnitee: (i) arising out of or due to a claim or action made by any Third Party (which Third Party shall not include any Subcontractor or any of their officers, directors, employees, or statutory employees pursuant to La. R.S. 23:1061(A)(3)) to the extent caused by or arising directly from the negligence, gross negligence or willful misconduct of Owner, its Affiliates or Owner Contractors or their officers or employees while engaged in the performance of any activities in connection with this Agreement, and (ii) for any claims arising out of Pre-Existing Hazardous Substances on the Job Site (except to the extent Contractor is otherwise liable as set forth in <u>Section 30.1.2(a)(i))</u>.

**30.3&nbsp;&nbsp;&nbsp;&nbsp;ACTIONS BY EMPLOYEES.**

In any and all claims against any indemnified person by any employee of Contractor or any Subcontractor or by anyone directly or indirectly employed by any of them or anyone for whose acts any of them may be liable, the indemnification obligation stated above shall not be limited in any way by any limitation on the amount or type of damages, compensation or benefits payable by or for Contractor or any Subcontractor under the applicable workers' compensation benefit acts, disability statute or other employee benefit acts.

**30.4&nbsp;&nbsp;&nbsp;&nbsp;NOTICE AND DEFENSE.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30.4.1&nbsp;&nbsp;&nbsp;&nbsp;Subject to the foregoing provisions of this <u>Article 30</u>, within fifteen (15) days of receipt by an indemnified party under this <u>Article 30</u> of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under <u>Section 30.1</u> or <u>Section 30.2</u> above, provide Notice to the indemnifying party of the commencement thereof. The indemnifying party shall have no liability under this <u>Article 30</u> for any claim or action for which the indemnified party has admitted any liability or which such Notice is not provided to the extent that such failure to give Notice actually and materially prejudices the indemnifying party's ability to defend against such claim. In case any such action is brought against any indemnified party and it provides Notice to the indemnifying party of the commencement thereof, the indemnifying party shall assume on behalf of such indemnified party, and conduct with due diligence and in good faith, the defense of any such action against such person, whether or not the indemnifying party is joined therein; *provided*, *however*, that, without relieving the indemnifying party of its obligations hereunder, the indemnified party may elect to participate, at its expense, in the defense of any such suit. The indemnifying party shall have the right to assume the defense of any such claim or action with counsel designated by the indemnifying party and reasonably satisfactory to the indemnified party, *provided*, *however*, that if the defendants in any such action include both indemnifying party and the indemnified party, and the indemnified party shall have reasonably concluded that there may be legal defenses available to it which are different from or additional to those

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available to the indemnifying party, the indemnified party shall have the right to select separate counsel to assert such legal defenses and to otherwise participate in the defense of such action on behalf of such indemnified party, the cost of which shall be subject to indemnification under this <u>Article 30</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30.4.2&nbsp;&nbsp;&nbsp;&nbsp;Should any indemnified party be entitled to indemnification under this <u>Article 30</u> and should the indemnifying party fail to assume the defense of such claim or action, the indemnified party may, at the expense of the indemnifying party contest (or, with the prior consent of the indemnifying party, settle) such claim or action. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any pending or threatened action in respect of which any indemnified party is or could have been a party and indemnity could have been sought hereunder by such indemnified party unless such settlement includes an unconditional release of such indemnified party from all liability on any claims that are the subject matter of such a pending or threatened action.

**30.5&nbsp;&nbsp;&nbsp;&nbsp;REMEDIES NOT EXCLUSIVE.** 

The rights of indemnity shall not be exclusive with respect to any other right or remedy provided for herein.

**30.6&nbsp;&nbsp;&nbsp;&nbsp;TAX EFFECT OF INDEMNIFICATION.**

Notwithstanding anything to the contrary contained herein, any indemnity payments owed by a Party shall be reduced by any tax benefits to the indemnified Person and increased by any tax detriments to the indemnified Person resulting from such indemnity payment (including tax detriments resulting from any additional indemnity payments pursuant to the provisions of this <u>Section 30.6</u>), such tax benefits or detriments, if not mutually agreed by the Parties, to be determined by an independent, mutually agreed upon tax consultant.

**31.&nbsp;&nbsp;&nbsp;&nbsp;EVENTS OF DEFAULT; REMEDIES.** 

**31.1&nbsp;&nbsp;&nbsp;&nbsp;CONTRACTOR EVENTS OF DEFAULT.**

Contractor shall be in default of its obligations under this Agreement if any of the following events arise or exist and is continuing and Contractor shall fail to remedy the same within [\*\*\*] Days after Owner's Notice of the occurrence of such event, or if such remedy cannot reasonably be completed in such time, Contractor shall fail promptly to commence and diligently (a) pursue remedial action within such period and (b) conclude such action as soon as practicable (and in any event within [\*\*\*] Days after the occurrence of such event); *provided*, *however*, that (i) no such cure period shall be allowed as to <u>Sections 31.1.1</u>, <u>31.1.3</u>, <u>31.1.7</u> and <u>31.1.16</u> and (ii) with respect to <u>Sections 31.1.2</u>, <u>31.1.6</u> and <u>31.1.9</u> the sole cure period shall be as set forth therein:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.1&nbsp;&nbsp;&nbsp;&nbsp;Contractor or Contractor Guarantor commences any case, proceeding or other action seeking reorganization, arrangement, adjustment, liquidation, dissolution or composition of itself or its debts or assets, or adopts an arrangement with or makes an assignment for the

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benefit of creditors, under any bankruptcy, moratorium, rearrangement, insolvency, reorganization or similar law for the relief of creditors or affecting the rights or remedies of creditors in general or is declared insolvent or Contractor or Contractor Guarantor conceals or removes any part of its property with the intent to hinder, delay or defraud its creditors, or makes or suffers any transfer of its property which may be fraudulent under applicable Law, or admits in writing its inability to pay its debts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.2&nbsp;&nbsp;&nbsp;&nbsp;there shall be instituted against Contractor or Contractor Guarantor any case, proceeding or action seeking reorganization, arrangement, adjustment, liquidation, dissolution or composition of Contractor or Contractor Guarantor or its debts or assets, which shall not have been terminated, stayed or dismissed within [\*\*\*] Days after commencement, or a trustee, receiver, custodian or other like official is appointed for or to take possession of all or any part of the property or assets of Contractor or Contractor Guarantor, or Contractor or Contractor Guarantor generally does not pay its debts as they become due;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.3&nbsp;&nbsp;&nbsp;&nbsp;Contractor assigns or transfers this Agreement or any of its rights or interests herein, except as expressly permitted hereunder, or the Contractor Guarantor assigns or transfers the Contractor Guarantee to which it is a party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.4&nbsp;&nbsp;&nbsp;&nbsp;Contractor disregards or fails to comply with any Laws, Permit, Applicable Codes and Standards or any instruction regarding Contractor's performance of the Work given by Owner's Representative in writing in accordance with this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.5&nbsp;&nbsp;&nbsp;&nbsp;any representation or warranty made by Contractor herein was materially inaccurate or misleading when made;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.6&nbsp;&nbsp;&nbsp;&nbsp;any Performance Security is not delivered to Owner within [\*\*\*] Days of when due in accordance with this Agreement, or if delivered to Owner, expires or is terminated or repudiated, and is not replaced by Contractor as required in accordance with the express terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.7&nbsp;&nbsp;&nbsp;&nbsp;an Abandonment of the Project occurs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.8&nbsp;&nbsp;&nbsp;&nbsp;Contractor, after a delay in or suspension of the Work permitted by this Agreement, fails or refuses to commence performance of the Work after the cessation of such delay or suspension as provided in <u>Section 17.1</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.9&nbsp;&nbsp;&nbsp;&nbsp;Contractor fails to pay or cause to be paid any undisputed amount that is due and payable to Owner within [\*\*\*] days from the date such payment is due;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.10&nbsp;&nbsp;&nbsp;&nbsp;Contractor fails to maintain in full force and effect insurance policies of such types, in such amounts and with such deductibles, as are required pursuant to this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.11&nbsp;&nbsp;&nbsp;&nbsp;any of the following occurs: (a) Contractor fails to supply sufficient skilled workers or suitable Materials in accordance with the Project Schedule and the Contractor's

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manpower charts; or (b) Contractor fails to make prompt, undisputed payments when due to Subcontractors for labor, materials or equipment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.12&nbsp;&nbsp;&nbsp;&nbsp;Contractor suspends performance of a material portion of the Work (other than as provided in <u>Section 17.1.1</u> or <u>Article 33</u> or pursuant to a Change Order);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.13&nbsp;&nbsp;&nbsp;&nbsp;Contractor defaults in its observance or performance of any of the terms, conditions and/or restrictions of <u>Article 40</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.14&nbsp;&nbsp;&nbsp;&nbsp;Contractor fails to make good any Defects, Deficiencies or damage as described in <u>Section 20.5</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.15&nbsp;&nbsp;&nbsp;&nbsp;Contractor fails to discharge or bond liens filed as required under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.16&nbsp;&nbsp;&nbsp;&nbsp;Contractor becomes legally domiciled in the State of Louisiana;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.17&nbsp;&nbsp;&nbsp;&nbsp;[Reserved];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.18&nbsp;&nbsp;&nbsp;&nbsp;the Contractor Guarantor materially breaches its obligations under the Contractor Guarantee to which it is a party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.19&nbsp;&nbsp;&nbsp;&nbsp;Contractor defaults in its observance or performance of any other material provision; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1.20&nbsp;&nbsp;&nbsp;&nbsp;the Phase 1 Agreement is terminated by Owner as a result of an event of default by Contractor under the Phase 1 Agreement.

**31.2&nbsp;&nbsp;&nbsp;&nbsp;REMEDIES.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.2.1&nbsp;&nbsp;&nbsp;&nbsp;In the event that a Contractor default identified in <u>Section 31.1</u> is continuing following the applicable cure periods described in <u>Section 31.1</u>, Owner shall have any or all of the following rights and remedies, and Contractor shall have the following obligations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;Owner, without prejudice to any of its other rights or remedies under this Agreement, may unilaterally terminate this Agreement immediately by delivery of a Notice of termination to Contractor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;If requested by Owner, Contractor shall withdraw from the Job Site, assign to Owner its rights and obligations under such Subcontracts as Owner may request, and remove such Materials, construction equipment, tools and instruments used by and any debris or waste materials generated by Contractor in the performance of the Work, and Owner, at its sole option, may enter onto the Job Site and take possession of all equipment, tools, supplies, scaffolding and machinery rented by Contractor, any and all designs, remaining Materials (and special tools comprising Materials), Subcontracts, correspondence, schedules, Deliverables and facilities of Contractor that Owner deems necessary to complete of the Work;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;Owner, without incurring any liability to Contractor, shall have the right (either with or without the use of the Materials, tools and instruments) to have the Work finished by itself or by another contractor; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;Owner may recover amounts owing to it (as calculated in accordance with <u>Section 31.3</u> below) by Contractor by enforcing its rights in respect of the Performance Security.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.2.2&nbsp;&nbsp;&nbsp;&nbsp;Owner may, without prejudice to any of its other rights or remedies, (a) seek performance by the Contractor Guarantor or any other guarantor of Contractor's obligations hereunder, (b) seek equitable relief to cause Contractor to take action or to refrain from taking action pursuant to this Agreement, or to make restitution of amounts improperly received under this Agreement, (c) make such payments or perform such obligations as are required to cure such Contractor default, draw on or make a claim against any Performance Security or other security provided pursuant to this Agreement and/or offset the cost of such payment or performance against payments otherwise due to Contractor under this Agreement; *provided that* Owner shall be under no obligation to cure any such Contractor default or (d) seek damages as provided in <u>Section 31.3</u>, including proceeding against any bond, letter of credit or guarantee given by or for the benefit of Contractor for its performance under this Agreement.

**31.3&nbsp;&nbsp;&nbsp;&nbsp;DAMAGES.**

In the event of any termination by Owner of this Agreement pursuant to <u>Section 31.2.1</u>, Contractor shall, subject to <u>Section 21.1</u>, be liable to Owner for the amount of any costs and expenses reasonably incurred by Owner or any Person acting on Owner's behalf in completing the Work and other expenses and fees related thereto in an attempt to achieve Final Completion by the Final Completion Deadline, or if such date has already passed, at the earliest possible date, <u>less</u> any amounts Owner would have been obligated to pay to Contractor hereunder in respect of completing such Work assuming this Agreement had not been so terminated (collectively, the "***Cover Costs***"), but only to the extent that (x) the aggregate sum of Cover Costs plus (i) all amounts paid or payable to Contractor under this Agreement prior to termination of this Agreement; plus (ii) amounts or costs paid or incurred by Owner prior to termination of this Agreement, exceeds (y) the Target Price. See <u>Exhibit B-4</u> for example calculations of Cover Costs. Owner shall be entitled to withhold further payments to Contractor until Owner determines or it is determined pursuant to the dispute resolution provisions set forth in <u>Article 36</u> that Contractor is entitled to further payments. Promptly following Final Completion, the calculation of Cover Costs shall be determined by Owner, and Owner shall notify Contractor in writing of the amount, if any, that Contractor shall pay to Owner or Owner shall pay to Contractor, which amount shall be paid within thirty (30) Days of Notice from Owner.

**31.4&nbsp;&nbsp;&nbsp;&nbsp;OWNER REMEDIES.**

The remedies of Owner set forth herein in respect of Contractor's obligations and liabilities are in addition to any other remedies that might otherwise be available to Owner at law or in equity

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**31.5&nbsp;&nbsp;&nbsp;&nbsp;OWNER DEFAULT.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.5.1&nbsp;&nbsp;&nbsp;&nbsp;The following shall constitute a default by Owner:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;Subject to the provisions of this Agreement excusing such action, Owner shall fail to pay when due any undisputed amount under this Agreement and such failure shall continue uncorrected for a period for [\*\*\*] Days after Notice thereof from Contractor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;Owner commences any case, proceeding or other action seeking reorganization, arrangement, adjustment, liquidation, dissolution or composition of itself or its debts or assets, or adopts an arrangement with or makes an assignment for the benefit of creditors, under any bankruptcy, moratorium, rearrangement, insolvency, reorganization or similar law for the relief of creditors or affecting the rights or remedies of creditors in general or is declared insolvent or Owner conceals or removes any part of its property with the intent to hinder, delay or defraud its creditors, or makes or suffers any transfer of its property which may be fraudulent under applicable Law, or admits in writing its inability to pay its debts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;There has been instituted against Owner any case, proceeding or action seeking reorganization, arrangement, adjustment, liquidation, dissolution or composition of Owner or its debts or assets, which shall not have been terminated, stayed or dismissed within [\*\*\*] Days after commencement, or a trustee, receiver, custodian or other like official is appointed for or to take possession of all or any part of the property or assets of Owner, or Owner generally does not pay its debts as they become due; *provided*, *however*, that Owner shall have [\*\*\*] Days to cure this default following Notice thereof from Contractor; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;The Phase 1 Agreement is terminated by Contractor as the result of an event of default by Owner under the Phase 1 Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.5.2&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall have the right to terminate this Agreement upon the occurrence of a default by Owner by delivery of a Notice of termination to Owner. Upon such termination, Contractor will be compensated (i) the Reimbursable Costs, Contractor's G&A and Contractor's Margin for all Work performed through the date of termination, and (ii) the reasonable costs to demobilize and any unavoidable cancellation charges from Subcontractors. Any such termination shall not relieve Contractor of its obligations to perform Corrective Work during any applicable Warranty Period.

**31.6&nbsp;&nbsp;&nbsp;&nbsp;OBLIGATIONS UPON TERMINATION.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.6.1&nbsp;&nbsp;&nbsp;&nbsp;Any termination of this Agreement (whether by Owner or Contractor) shall not relieve (a) Contractor and Owner of each of its obligations with respect to confidentiality as set forth herein, (b) any Party of any obligation hereunder which expressly or by implication survives termination hereof, (c) Owner of its obligation to pay amounts owing to Contractor pursuant to <u>Section 31.5.2</u> and (d) any Party of its indemnity obligations or liabilities for loss or

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damage to another Party in accordance with this Agreement, and shall not relieve Contractor of its obligations and liabilities for the portions of the Work already completed prior to the date of termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.6.2&nbsp;&nbsp;&nbsp;&nbsp;Upon a termination of this Agreement pursuant to this <u>Article 31</u> or <u>Article 32</u>: (a) Contractor shall leave the Job Site and remove from the Job Site all Contractor equipment, waste, rubbish and Hazardous Substances as Owner may request; (b) Owner shall take possession of the Job Site and of the Materials (whether at the Job Site, in transit or otherwise); (c) except as otherwise directed by Owner, Contractor shall promptly assign to Owner or its designee any contract rights (including warranties, licenses, patents and copyrights) that it, or any of its Subcontractors, has to any and all Materials, Deliverables and the Work, including contracts with Subcontractors and Contractor shall execute such documents as may be reasonably requested by Owner to evidence such assignment, subject to Owner's assumption of same and, if required, Owner's adequate assurance to such Subcontractors regarding Owner's ability to pay; (d) to the extent so directed by the Owner, Contractor shall cancel as quickly as possible and upon terms satisfactory to Owner all orders placed by it with Subcontractors and shall use all reasonable efforts to minimize cancellation charges and other costs and expenses associated with the termination of this Agreement unless Owner elects to take assignment of any such Subcontracts; (e) Contractor shall cooperate with Owner for the efficient transition of the Work and thereafter shall use commercially reasonable efforts to execute that portion of the Work as may be necessary to preserve and protect Work already in progress and to protect Materials at the Job Site or in transit thereto, and to comply with any applicable Law, Permits and any Applicable Codes and Standards; (f) Contractor shall promptly furnish Owner with copies of all Deliverables, Auto CAD compatible electronic files, Drawings and Specifications and, to the extent available, final "as-built" drawings, in compliance with <u>Exhibit J</u>; (g) Contractor shall provide Owner and its designee with the right to use, free of charge, all other patented, copyrighted and other proprietary information or Intellectual Property relating to the Work that Owner deems necessary to complete the Work, and Contractor shall execute such documents as may be reasonably requested by Owner to evidence such right; (h) Contractor shall assist Owner in preparing an inventory of all Materials in use or in storage at the Job Site; and (i) Contractor shall take such other action as required hereunder upon termination of this Agreement. In the event that Contractor terminates this Agreement pursuant to and in accordance with <u>Section 31.5.2</u>, Contractor shall not be obligated to comply with paragraphs <u>(c)</u> through <u>(h)</u> (inclusive) of this <u>Section 31.6.2(b)</u> unless and until a Lender or another Person on behalf of Owner has cured, or has agreed in writing to cure, Owner's default.

**32.&nbsp;&nbsp;&nbsp;&nbsp;TERMINATION FOR CONVENIENCE.**

**32.1&nbsp;&nbsp;&nbsp;&nbsp;GENERAL.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32.1.1&nbsp;&nbsp;&nbsp;&nbsp;Owner may in its sole discretion terminate the Work without cause at any time by giving Notice of termination to Contractor and such termination shall be effective upon the giving of such notice by Owner. If the Work is terminated by Owner without cause, Owner and Contractor shall have the following rights, obligations and duties:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;upon receiving any Notice of termination, Contractor shall stop performing the Work and, except for Subcontracts that Owner elects to take assignment of or as otherwise directed by Owner, shall cancel as quickly as possible all orders placed by it with Subcontractors and shall use all reasonable efforts to minimize cancellation charges and other costs and expenses associated with the termination of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;if Owner terminates the Work pursuant to this <u>Section 32.1</u> after the issuance of a Limited Notice to Proceed, Contractor will be compensated for the Work performed under such Limited Notice to Proceed through the date of termination, plus reasonable costs to demobilize and any unavoidable and reasonable cancellation charges from Subcontractors under Subcontracts not assumed pursuant to <u>Section 32.1.1(c)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;following a termination by Owner pursuant to this <u>Section 32.1</u>, Owner shall have the right, at its option, to assume and become liable for any reasonable written obligations and commitments that Contractor may have in good faith undertaken with third parties in connection with the Work, which obligations and commitments are not covered by the payments made to Contractor under <u>Section 32.1.1(b)</u>. If Owner elects to assume any obligation of Contractor as described in this <u>Section 32.1.1(c)</u>, then, as a condition precedent to Owner's compliance with any section of this <u>Article 32</u>, Contractor shall execute all papers and take all other reasonable steps requested by Owner which may be required to vest in Owner all rights, set-offs, benefits and titles necessary to such assumption by Owner of such obligations described in this <u>Article 32</u>; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32.1.2&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary contained herein, in the event Owner terminates this Agreement pursuant to this <u>Article 32</u> for any reason prior to the issuance of a Limited Notice to Proceed or, if no Limited Notice to Proceed is issued, prior to the issuance of the Notice to Proceed, Contractor shall not be entitled to any remuneration from Owner.

**32.2&nbsp;&nbsp;&nbsp;&nbsp;CLAIMS FOR PAYMENT FOLLOWING TERMINATION FOR CONVENIENCE.**

Any claim for payment by Contractor under this <u>Article 32</u> must be made within sixty (60) Days after the effective date of a termination hereunder, and Owner's payment thereof shall be made pursuant to the payment protocol set forth in <u>Article 6</u>.

**33.&nbsp;&nbsp;&nbsp;&nbsp;FORCE MAJEURE.**

**33.1&nbsp;&nbsp;&nbsp;&nbsp;EXTENSION OF TIME FOR FORCE MAJEURE EVENT.**

An equitable adjustment of the Target Price or any component thereof and of scheduled and guaranteed dates shall be granted to Contractor pursuant to a Change Order for a Force Majeure Event.

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**33.2&nbsp;&nbsp;&nbsp;&nbsp;CONTRACTOR'S RESPONSIBILITY.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33.2.1&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall work diligently to cure, remove, otherwise correct, minimize and contain all costs and expenses attendant on or arising from each Force Majeure Event including expenditures for avoidance or reduction of the effect of a Force Majeure Event. The failure of Contractor to perform such Work shall be reason for denial of the full extension of time, which would otherwise be justified. The extension of time for a Force Majeure Event shall be that duration of time jointly and reasonably determined by Owner, the Independent Engineer and Contractor to be reasonably necessary to make up the aggregate amount of time actually lost across all affected activities, all pursuant to the Change Order provisions of <u>Article 12</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33.2.2&nbsp;&nbsp;&nbsp;&nbsp;Contractor shall provide Notice of any Force Majeure Event to Owner and the Independent Engineer upon obtaining actual knowledge of the occurrence of such Force Majeure Event pursuant to and in accordance with <u>Section 12.2.1</u>.

**33.3&nbsp;&nbsp;&nbsp;&nbsp;CONTINUING RESPONSIBILITY OF CONTRACTOR.**

If a Force Majeure Event occurs, Contractor shall remain responsible for completing the Work in accordance with the Project Schedule as adjusted pursuant to a Change Order.

**33.4&nbsp;&nbsp;&nbsp;&nbsp;PERFORMANCE NOT EXCUSED.**

The payment of money owed shall not be excused because of a Force Majeure Event or Owner Caused Delay. In addition, neither Owner nor Contractor shall be excused under this <u>Article 33</u> from timely performance of their obligations hereunder to the extent that a claimed Force Majeure Event was caused by any negligent or intentional acts, errors or omissions, willful misconduct or for any breach or default of this Agreement by such Party. Furthermore, no suspension of performance or extension of time shall relieve the Party benefiting therefrom from any liability for any breach of the obligations that were suspended or failure to comply with the time period that was extended to the extent such breach or failure occurred prior to the occurrence of the applicable Force Majeure Event or Owner Caused Delay. Notwithstanding anything to the contrary contained herein, Contractor shall not be entitled to any adjustment to the Target Price in respect of demobilization and/or remobilization required as a result of any Force Majeure Event.

**34.&nbsp;&nbsp;&nbsp;&nbsp;DUTIES AND TAXES.**

**34.1&nbsp;&nbsp;&nbsp;&nbsp;ALLOCATION OF RESPONSIBILITIES.**

Contractor shall pay and administer, as Direct Costs, any and all Taxes payable in connection with the Work including, but not limited to Taxes imposed on services and Contractor's purchase or rental of equipment, tools, and supplies used by Contractor in the performance of the Work, or the Materials incorporated into, installed in, or affixed or attached to the Facility (collectively "***Contractor Taxes***"); *provided*, *however* that any Taxes based on or related to the net income, capital or net worth of Contractor or any Subcontractor shall be Non-Reimbursable Costs. Notwithstanding anything in the Agreement to the contrary, Owner shall be

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solely responsible for and shall, as required by applicable Law, pay the appropriate Government Authority all property taxes and other Taxes directly associated with: (i) its ownership and operation and maintenance of the Job Site, the Facility, and any Materials to be installed in, incorporated into, or affixed or attached to the Facility, and (ii) the supply of the Owner Furnished Equipment and Materials and performance of the Owner Scope of Work. Contractor shall reasonably cooperate with Owner to minimize any Taxes payable by Owner hereunder. If applicable, Owner shall timely provide Contractor: (i) a schedule identifying any portion of the Work eligible for exemption from Taxes; and (ii) a valid exemption certificate or any other documentation required by applicable Laws, demonstrating Owner's eligibility for such exemption. Owner shall indemnify, defend, and hold Contractor harmless from and against all Taxes: (i) arising from disallowance of any exemption asserted by Owner under the Agreement; or (ii) Owner's failure to comply with its Tax obligations under the Agreement.

**34.2&nbsp;&nbsp;&nbsp;&nbsp;LOUISIANA TAX AND INCENTIVES PROVISIONS.**

Pursuant to state Law, certain tax and incentive programs are available to qualifying manufacturers in certain circumstances, including the Louisiana Quality Jobs Program, Enterprise Zone Program, and the Manufacturing Machinery and Equipment sales tax exclusion. Owner has not determined which, if any, of these programs it will pursue. Contractor shall reasonably cooperate with and assist Owner and any designated tax and incentive consultant, and shall require Subcontractors to reasonably cooperate with and assist Owner and any designated tax and incentive consultant, in obtaining tax and incentive benefits under these and any other available programs. Such assistance may include, but is not limited to, documenting purchase transactions, providing reports and supporting documents required to be submitted to obtain the tax and incentive benefits, and acting as agent for Owner in connection with the purchase of manufacturing machinery and equipment.

**35.&nbsp;&nbsp;&nbsp;&nbsp;BINDING AGREEMENT; ASSIGNMENT.**

**35.1&nbsp;&nbsp;&nbsp;&nbsp;BY OWNER.**

The terms of this Agreement shall be binding upon Owner and its successors and assigns. Without the prior consent of Contractor, Owner may, upon prior written Notice to Contractor, assign all or part of Owner's right, title and interest herein to any Lenders, any Affiliate of Owner, any successor to Owner's business (whether by merger, acquisition or otherwise) or to any financially responsible assignee that agrees to be bound by the terms hereof. In addition, Owner may assign all or part of its right, title and interest herein to any other Person with the prior written approval of Contractor, which approval shall not be withheld unreasonably. Contractor acknowledges that the Lenders may under certain circumstances foreclose upon and sell, or cause Owner to sell or lease the Facility and cause any new lessee or purchaser of the Facility to assume all of the interests, rights and obligations of Owner arising under this Agreement. In such event, Contractor agrees to the assignment by Owner and the Lenders of this Agreement and its rights herein to such purchaser or lessee and shall release Owner and the Lenders from all obligations hereunder upon any such assignment, *provided that* such new lessee or purchaser assumes Owner's obligations under this Agreement.

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**35.2&nbsp;&nbsp;&nbsp;&nbsp;BY CONTRACTOR.**

The terms of this Agreement shall be binding upon Contractor and its successors and permitted assigns, *provided that* assignment by Contractor of this Agreement or any partial or total interest therein without Owner's and the Lenders' prior written consent (at their sole and unfettered discretion) shall be null and void.

**36.&nbsp;&nbsp;&nbsp;&nbsp;DISPUTES.**

**36.1&nbsp;&nbsp;&nbsp;&nbsp;DISPUTE RESOLUTION.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36.1.1&nbsp;&nbsp;&nbsp;&nbsp;Any dispute, controversy or claim between the Owner and Contractor that arises out of, under or in connection with this Agreement, including its interpretation, performance, enforcement, termination, validity or breach (each a "***Dispute***") shall be subject to resolution under this <u>Article 36</u>, which shall be the exclusive dispute resolution method for any such Dispute. If Owner or Contractor wish to declare a Dispute they shall deliver to the other Party a written notice identifying the disputed issue (a "***Notice of Dispute***").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36.1.2&nbsp;&nbsp;&nbsp;&nbsp;Following the delivery of a Notice of Dispute, the Parties will attempt in good faith to resolve such Dispute promptly through negotiation. If the Dispute has not been resolved within thirty (30) days after the date on which the Notice of Dispute was delivered, then any Party shall be permitted to submit such Dispute to binding arbitration in accordance with <u>Section 36.1.3</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36.1.3&nbsp;&nbsp;&nbsp;&nbsp;Any Dispute that is not resolved pursuant to <u>Section 36.1.2</u> shall be exclusively and definitively resolved through final and binding arbitration conducted in accordance with the Rules of Arbitration of the ICC, which (save as modified by this <u>Section 36.1.3</u>) are deemed to be incorporated by reference into this <u>Section 36.1.3</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;The arbitration tribunal shall consist of three (3) arbitrators. One (1) arbitrator shall be appointed by Owner, one (1) arbitrator shall be appointed by Contractor, and the third arbitrator shall be selected by agreement of the first two (2) arbitrators. If either of the first two (2) appointments is not made within thirty (30) Days after the request for arbitration, or if the first two (2) arbitrators fail to agree on a third arbitrator within thirty (30) Days after the later of them has been appointed, the unfilled appointment will be made, at the request of either Owner or Contractor, by the ICC. No arbitrator appointed pursuant to this <u>Section 36.1.3(a)</u> shall be an employee, agent, competitor or former employee, agent or contractor of, or have or have had any material interest (directly or indirectly) in the business of or in any Party or any of its Affiliates. Each arbitrator shall be knowledgeable with respect to engineering, procurement and construction contracts and shall be fluent in the English language.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;Unless the Parties agree in writing otherwise:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;the seat of arbitration shall be New York, New York, and the language to be used in the proceedings shall be English;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;the arbitrators shall, by majority vote, render a written award stating the reasons for their award within three (3) months after any hearing conducted has been concluded. The arbitral award may contain such orders (including orders for specific performance, setoff, other equitable relief or monetary damages) in respect of or affecting any of the Parties (and/or any Loss suffered by any of them), as such arbitral tribunal determines to be appropriate in the circumstances; *provided that* the arbitral tribunal shall not have the authority to award any indirect, consequential or punitive damages unless, but only to the extent, such damages are expressly permitted hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;the Parties and the arbitral tribunal will ensure that the arbitration proceedings and any documents disclosed in such proceedings are kept strictly confidential;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;&nbsp;&nbsp;&nbsp;the Parties may make an application to any court of competent jurisdiction for the obtaining of any evidence from third parties that the arbitrators direct may be relevant to the arbitral proceedings; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)&nbsp;&nbsp;&nbsp;&nbsp;the responsibility for the costs of the arbitration will be determined by the arbitral tribunal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;An arbitral award rendered in accordance with this <u>Section 36.1.3</u> shall be final and binding on the Parties. The Parties agree that any arbitral award made pursuant to this <u>Section 36.1.3</u> may be enforced against the Parties or their assets wherever they may be found and that a judgment upon the arbitral award may be entered (and any other applicable relief, including interlocutory relief, may be granted) in any court having jurisdiction on such matters, and subject to their respective obligations contained elsewhere herein, shall take all such actions as are necessary to give full and complete effect to the award which, in accordance with its terms, shall be binding upon and enforceable against them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;No Party shall be entitled to suspend its performance under this Agreement during the pendency of any Dispute subject to this <u>Section 36.1.3</u> or during the period during which any defaulting Party is attempting to remedy its non-performance of this Agreement within the periods prescribed therefor in <u>Article 31.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;Nothing contained in this <u>Article 36</u> shall be construed to prohibit any Party from making an application to any court of competent jurisdiction for an order of specific performance or for other injunctive or equitable relief as long as the arbitral tribunal contemplated in this <u>Section 36.1.3</u> has not yet been formed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36.1.4&nbsp;&nbsp;&nbsp;&nbsp;Unless the Parties otherwise agree, no dispute, controversy or claim hereunder shall be consolidated with any other arbitration proceeding involving any third party.

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**36.2&nbsp;&nbsp;&nbsp;&nbsp;CONTINUATION OF WORK DURING DISPUTE.**

Notwithstanding any Dispute, it shall be the responsibility of Contractor to continue to prosecute all of the Work diligently and in a good and workmanlike manner in conformity with this Agreement. Except to the extent provided in <u>Section 31.5.2</u>, Contractor shall have no right to cease performance hereunder or to permit the prosecution of the Work to be delayed. Owner shall, subject to its right to withhold or offset amounts pursuant to this Agreement, continue to pay Contractor undisputed amounts in accordance with this Agreement; *provided, however*, in no event shall the occurrence of any negotiation or arbitration prevent or affect Owner from exercising its rights under this Agreement, including Owner's right to terminate pursuant to <u>Sections 31.2</u> and <u>32.1.1</u>.

**37.&nbsp;&nbsp;&nbsp;&nbsp;INDEPENDENT CONTRACTOR.**

**37.1&nbsp;&nbsp;&nbsp;&nbsp;GENERAL.**

Contractor is an independent contractor and nothing contained herein (including <u>Section 24.5</u>) shall be construed as constituting any relationship with Owner other than that of owner and independent Contractor, nor shall it be construed as creating any relationship whatsoever between Owner and the Contractor's employees. Neither Contractor nor any of its employees is or shall be deemed to be employees of Owner. Contractor shall not have the authority to act on behalf of Owner or to bind Owner in any manner, except as expressly set forth herein.

**37.2&nbsp;&nbsp;&nbsp;&nbsp;EMPLOYEES.**

Subject to <u>Section 5.2</u> and <u>Article 24</u> hereof, Contractor has sole authority and responsibility to employ, discharge and otherwise control its employees.

**37.3&nbsp;&nbsp;&nbsp;&nbsp;RESPONSIBILITY FOR SUBCONTRACTORS, ETC.**

Contractor accepts complete responsibility for the acts of its agents, employees, Subcontractors and all others it hires to perform or assist in the performance of the Work.

**38.&nbsp;&nbsp;&nbsp;&nbsp;NOTICES AND COMMUNICATIONS.**

**38.1&nbsp;&nbsp;&nbsp;&nbsp;REQUIREMENTS.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38.1.1&nbsp;&nbsp;&nbsp;&nbsp;Any Notice, request, proposal for changes, Change Order, and correspondence (including drawings, lists, schedules, instruction books, or statements) required or permitted under the terms and conditions of this Agreement shall be in writing and (a) delivered personally, (b) sent by e-mail with the receiving Party retaining a confirmation receipt (and confirming receipt thereof to sender with respect to non-routine materials), (c) sent by a recognized overnight mail or courier service, with delivery receipt requested (with respect to non-routine materials) or (d) sent by mail (return receipt requested with respect to non-routine materials), to the following addresses (or to such other address that the receiving Party may designate from time to time in accordance with this <u>Article 38</u>); *provided*, *however*, Requests for Payment

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(excluding lien waivers) need only be sent as PDF documents by e-mail in the manner described in sub-section (b):

If to Contractor:

Worley Field Services Inc.

5995 Rogerdale Rd.

Houston, TX 77072

Attention: [\*\*\*]

Email: [\*\*\*]

With a copy to:

Worley Field Services Inc.

5995 Rogerdale Rd.

Houston, TX 77072

Attention: [\*\*\*]

Email: [\*\*\*]

If to Owner:

Venture Global CP2 LNG, LLC

1001 19<sup>th</sup> Street North

Suite 1500

Arlington, VA 22209

Attention: [\*\*\*]

Email: [\*\*\*]

With a copy, except in the case of routine transmittals (including Requests for Payment), to:

Venture Global CP2 LNG, LLC

1001 19<sup>th</sup> Street North

Suite 1500

Arlington, VA 22209

Attention: [\*\*\*]

Email: [\*\*\*]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38.1.2&nbsp;&nbsp;&nbsp;&nbsp;Promptly after the occurrence of the Financial Closing Date, Owner shall provide to Contractor the details for the delivery of Notices under this Agreement to the Independent Engineer and the representative(s) for the Lenders.

**38.2&nbsp;&nbsp;&nbsp;&nbsp;EFFECTIVE TIME.**

A Notice delivered in accordance with <u>Section 38.1</u> shall be deemed to have been delivered upon the receipt thereof.

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**38.3&nbsp;&nbsp;&nbsp;&nbsp;TECHNICAL COMMUNICATIONS.**

Any technical or other communications pertaining to the Work shall be between the Contractor's Representative and Owner's Representative or other representatives appointed by the Parties. Each Party shall give Notice to the other of the name of such representative or representatives. The Contractor's Representative shall be satisfactory to Owner, have knowledge of the Work and be available at all reasonable times for consultation.

**39.&nbsp;&nbsp;&nbsp;&nbsp;FINANCING MATTERS.**

Owner contemplates obtaining financing (including any refinancing thereof) for the Facility consisting of one or more construction or permanent loans to be secured by all or a portion of the Facility and its rights under this Agreement and certain equity contributions (the "***Financing***"). In the event Owner applies for or obtains any Financing, Contractor shall, notwithstanding the existence of any Dispute between the Owner and Contractor, promptly execute or consent to a Consent and Agreement in the form attached hereto as <u>Exhibit F-5</u> (the "***Consent and Agreement***"), including any additional terms or provisions reasonably requested by any of the Lenders, an Indemnity Undertaking in favor of the title insurance providers in the form attached hereto as <u>Exhibit F-14</u> from each of Contractor and the Contractor Guarantor, and such other documents, which are reasonably required by the Lenders in connection with such Financing and which are in form and substance reasonably acceptable to the Parties (collectively, the "***Financing Deliverables***"); *provided*, *however*, that Contractor shall have a reasonable period of time prior to the execution of each Financing Deliverable within which to review any such documents. So long as the Lenders' requested terms or provisions do not materially change or impact the terms of this Agreement, they shall be deemed reasonable. Contractor shall respond to reasonable requests by the Lenders for certificates and legal opinions as well as information regarding the qualifications, experience, past performance and financial condition of Contractor and other matters pertaining to Contractor's participation hereunder and in the Facility. Contractor's obligations under this <u>Article 39</u> shall extend until at least the end of the Warranty Period.

**40.&nbsp;&nbsp;&nbsp;&nbsp;COMPLIANCE WITH LAWS.**

**40.1&nbsp;&nbsp;&nbsp;&nbsp;ANTI-CORRUPTION.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40.1.1&nbsp;&nbsp;&nbsp;&nbsp;Contractor represents, warrants and covenants that neither it, nor any of its Affiliates (or any of their respective principals, partners or funding sources), is currently (a) a Person designated by the U.S. Department of Treasury's Office of Foreign Assets Control as a "specially designated national or blocked person" ("***SDN***") or similar status, (b) a person otherwise identified by a government or legal authority as a person with whom Owner is prohibited from transacting business, (c) directly or indirectly owned or controlled by an SDN or the government of any country that is subject to an embargo by the government of the United States of America or (d) a Person acting on behalf of an SDN or a government of any country that is subject to an embargo by the government of the United States of America. Contractor agrees that it will notify Owner in writing immediately upon the occurrence of any event that subsequently results in any of the designations set forth in this <u>Section 40.1.1</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40.1.2&nbsp;&nbsp;&nbsp;&nbsp;Each Party shall, in the performance of this Agreement, comply with all laws, orders, directives, and regulations in effect on the Effective Date and as they may be amended from time to time that are applicable to the Party. Notwithstanding anything to the contrary contained herein, this Agreement shall not be interpreted or applied so as to require a Party to do, or to refrain from doing, anything that would constitute a violation of federal or state laws and regulations applicable to it, including the Foreign Corrupt Practices Act of 1977, 15 U.S.C. § 78dd-2, the OECD Anti-Bribery Convention, the U.K. Bribery Act of 2010, E.U. and E.U. member country anti-bribery and corruption laws, laws or regulations restricting participation in or compliance with certain foreign boycotts, directly or indirectly, as contained in the U.S. Export Administration Act of 1979, the U.S. Internal Revenue Code or any similar statute, regulation, order or convention binding on the Party, as each may be amended from time to time, and including implementing regulations promulgated pursuant thereto (collectively, the "***Anti-Corruption Laws***"). Without limiting the foregoing, each Party agrees on behalf of itself, its Affiliates and their respective directors, officers, employees, agents and contractors, not to pay any fees, commissions or rebates to any employee, officer or agent of the other Party or its Affiliates or their respective shareholders, or provide or cause to be provided to any of them any gifts or entertainment of significant cost or value in connection with this Agreement or in order to influence or induce any actions or inactions in connection with the commercial activities of the Parties in connection with this Agreement. Each Party further agrees to cooperate and conduct its business and activities pursuant to this Agreement in such a manner to ensure that no Party or any of their respective Affiliates is placed in a position of non-compliance with federal and state laws and regulations applicable to it, including any reporting requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40.1.3&nbsp;&nbsp;&nbsp;&nbsp;Contractor represents, warrants and covenants with respect to itself and its Affiliates that, except as disclosed by the Contractor Guarantor in public filings with the U.S. Securities and Exchange Commission (a) it and its Affiliates are being and have been operated in compliance in all material respects with the Anti-Corruption Laws, (b) neither it nor any of its Affiliates has received any written notice or claim alleging any material violation under any of the Anti-Corruption Laws, and (c) neither it nor any of its Affiliates, nor any of their respective directors, officers, or employees (or, to the best of Contractor's knowledge and belief, any partner, intermediary or other Person acting or purporting to act on behalf of such party or any of its Affiliates) has knowingly directly or indirectly paid, offered, given, promised to pay or authorized the payment of any money or anything of value to (i) any candidate for public office, any past or present employee, director, officer, official, representative or agent of any government, government or legal authority, instrumentality, or any public international organization ("***Government Official***"), (ii) any Person acting for or on behalf of any Government Official, or (iii) any other Person at the suggestion, request, direction or for the benefit of any of the above-described Persons to obtain, retain or direct business or to obtain special concessions or pay for favorable treatment for business secured or for special concessions already obtained.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40.1.4&nbsp;&nbsp;&nbsp;&nbsp;Neither Contractor nor any of its Affiliates, directors, officers, employees or agents, shall use its relationship with Owner to attempt to disguise the sources of illegally-obtained funds. Contractor further represents and warrants that no such attempt of the sort described in this <u>Section 40.1.4</u> has been made prior to the Effective Date.

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**40.2&nbsp;&nbsp;&nbsp;&nbsp;RECORDS.**

Contractor shall keep all records necessary to confirm compliance with <u>Sections 40.1.1</u> through <u>40.1.4</u> for a period of five (5) years following the year for which such records apply. If Owner asserts that Contractor is not in compliance with <u>Section 40.1.1</u>, <u>Section 40.1.2</u>, <u>Section 40.1.3</u> or <u>Section 40.1.4</u>, Owner shall send Notice to Contractor indicating the type of non-compliance asserted. After giving such Notice, Owner may cause an independent auditor to audit the records of Contractor in respect of the asserted non-compliance. The costs of any independent auditor under this <u>Section 40.2</u> shall be paid (a) by Contractor, if Contractor is determined not to be in compliance with <u>Section 40.1.1</u>, <u>Section 40.1.2</u>, <u>Section 40.1.3</u> or <u>Section 40.1.4</u> or (b) by Owner, if Contractor is determined to be in compliance with <u>Section 40.1.1</u>, <u>Section 40.1.2</u>, <u>Section 40.1.3</u> and <u>Section 40.1.4.</u>

**40.3&nbsp;&nbsp;&nbsp;&nbsp;EXPORT CONTROLS.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40.3.1&nbsp;&nbsp;&nbsp;&nbsp;The Parties agree to comply with all applicable United States ("***U.S.*"**) and non-U.S. export control and economic sanctions laws in the performance of this Agreement, including any restrictions or conditions regarding the export, re-export, or other transfer of the Deliverables that are in effect now or are hereafter imposed by the U.S. or other Government Authority. Each Party shall be responsible for its own compliance with applicable export control and economic sanctions laws with regards to their Affiliates, employees, facilities and activities. These restrictions and conditions include (a) restrictions and export licensing requirements governing the export, re-export, or other transfer to other persons, entities, or countries of the Deliverables, (b) restrictions and export licensing requirements governing the export or other transfer of foreign-developed information that incorporates the Deliverables, (c) any applicable U.S. and other restrictions on the export, re-export, or other transfer of the Deliverables to countries, entities and persons that are subject to U.S. or other applicable sanctions, embargoes, or other prohibitions and (d) any applicable U.S. or other restrictions on the export or other transfer of the direct product of U.S. or other origin technical data (collectively, the "***Export Controls***"). Contractor shall provide Owner written Notice prior to transferring any Deliverable, commodity, software or technology that is: (i) controlled at a level greater than EAR99 under the Export Administration Regulations ("***EAR***"); or (ii) subject to the jurisdiction of an export control regime other than the EAR.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40.3.2&nbsp;&nbsp;&nbsp;&nbsp;Each Party acknowledges that the other Party would not have an adequate remedy at law for money damages if the covenants contained in this <u>Section 40.3</u> were breached and that any such breach would cause the other Party irreparable harm. Accordingly, each Party agrees that, in the event of any breach or threatened breach of the terms of this <u>Section 40.3</u> by such Party, the other Party, in addition to any other remedies that it may have, shall be entitled, individually or jointly, without the requirement of posting a bond or other security, to equitable relief, including injunctive relief and specific performance.

**40.4&nbsp;&nbsp;&nbsp;&nbsp;SUBCONTRACTORS; INDEMNIFICATION.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40.4.1&nbsp;&nbsp;&nbsp;&nbsp;Contractor agrees that with regard to any activities conducted pursuant to this Agreement, it will require its Subcontractors to agree to and comply with contractual provisions substantially equivalent to those contained in this <u>Article 40</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40.4.2&nbsp;&nbsp;&nbsp;&nbsp;Contractor agrees to indemnify and hold Owner, the Owner's Affiliates and their respective shareholders, directors, officers, employees, agents, consultants or representatives harmless from any claims by Government Authorities for fines and penalties arising out of Contractor's violation of Anti-Corruption Laws or Export Controls.

**41.&nbsp;&nbsp;&nbsp;&nbsp;MISCELLANEOUS.**

**41.1&nbsp;&nbsp;&nbsp;&nbsp;FURTHER ASSURANCES AND EXPENSES.**

The Parties undertake to act fairly and in good faith and use their reasonable efforts in relation to the performance and implementation of this Agreement and to take such other reasonable measures as may be necessary for the realization of its purposes and objectives, including, at the request of another Party, without further consideration, promptly executing and delivering or causing to be executed and delivered to such Party such assistance, or consents or other instruments in addition to those required by this Agreement, in form and substance satisfactory to such Party, as such Party may reasonably deem necessary or desirable to implement anything contained herein. Each Party shall pay its own costs and expenses in relation to the negotiation, preparation, execution and carrying into effect of this Agreement (including in connection with the preparation and negotiation of amendments and Change Orders), which, in the case of Contractor, constitute Non-Reimbursable Costs hereunder.

**41.2&nbsp;&nbsp;&nbsp;&nbsp;RECORD RETENTION.**

Contractor agrees to retain for a period of five (5) years from the date of Final Completion all records relating to its performance of the Work, and to cause all Subcontractors engaged in connection with the Work to retain for the same period all their records relating to the Work.

**41.3&nbsp;&nbsp;&nbsp;&nbsp;NO WAIVER.**

No waiver of any of the terms and conditions of this Agreement shall be effective unless in writing and signed by the Party against whom such waiver is sought to be enforced. Any waiver of the terms hereof shall be effective only in the specific instance and for the specific purpose given. The failure of a Party to insist, in any instance, on the performance of any of the terms and conditions hereof shall not be construed as a waiver of such Party's right in the future to insist on such performance.

**41.4&nbsp;&nbsp;&nbsp;&nbsp;SEVERABILITY.**

The invalidity or unenforceability, in whole or in part, of any portion or provision of this Agreement will not affect the validity or enforceability of any other portion or provision hereof. Any invalid or unenforceable portion or provision shall be deemed severed from this Agreement and the balance of this Agreement shall be construed and enforced as if this Agreement did not contain such invalid or unenforceable portion or provision; *provided*, *however*, the Parties agree to negotiate in good faith to replace the invalid or unenforceable provision with a valid and

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enforceable provision that will, to the extent possible, preserve the intended economic positions of the Parties.

**41.5&nbsp;&nbsp;&nbsp;&nbsp;BINDING ON SUCCESSORS.**

This Agreement shall be binding on the Parties hereto and on their respective successors, heirs and permitted assigns.

**41.6&nbsp;&nbsp;&nbsp;&nbsp;GOVERNING LAW.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41.6.1&nbsp;&nbsp;&nbsp;&nbsp;THIS AGREEMENT SHALL IN ALL RESPECTS BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. Each of the Parties hereby submits to the non-exclusive jurisdiction of the federal courts or state of New York courts with venue in the State of New York for the purposes of all legal proceedings arising out of or relating to this Agreement or the transactions contemplated hereby. Each of the Parties irrevocably waives, to the fullest extent permitted by applicable Law, any objection that it may now or hereafter have to the laying of the venue of any such proceeding brought in such a court and any claim that any such proceeding brought in such a court has been brought in an inconvenient forum. The Parties agree that a judgment in any suit, action or proceeding in such a court shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or by any other manner provided by law, and each of the Parties waives any defense or objection they may have regarding the validity or enforceability of any such judgment; *provided*, *however*, that such judgment shall not constitute a waiver of any rights of appeal. Nothing in this <u>Section 41.6</u> shall be deemed to modify the provisions of <u>Article 36</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41.6.2&nbsp;&nbsp;&nbsp;&nbsp;EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

**41.7&nbsp;&nbsp;&nbsp;&nbsp;SET-OFF.**

Notwithstanding anything to the contrary contained herein, any and all amounts owing or to be paid by Owner to Contractor hereunder, shall be subject to offset and reduction in an amount equal to any amounts that may be owing at any time by Contractor to Owner hereunder. Further, for the avoidance of doubt, with respect to anything contained herein that allows Owner to offset, set-off or draw against any Performance Security any amount then owed to Contractor, Owner shall have the express right to include in the amount offset, set-off or drawn under such Performance Security all of the reasonable costs and expenses it incurs in connection with enforcing such provision (including reasonable attorneys' and other consultants' fees).

**41.8&nbsp;&nbsp;&nbsp;&nbsp;AMENDMENT.**

No amendment, modification or supplement of or to this Agreement shall be binding and effective unless in writing and signed by all of the Parties.

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**41.9&nbsp;&nbsp;&nbsp;&nbsp;HEADINGS FOR CONVENIENCE ONLY.**

The headings of the various sections contained herein are not part of this Agreement and are included solely for convenience of the Parties.

**41.10&nbsp;&nbsp;&nbsp;&nbsp;NONDISCRIMINATION.**

Contractor agrees that in the performance of the Work under this Agreement, it will not knowingly violate any applicable Laws prohibiting discrimination in employment.

**41.11&nbsp;&nbsp;&nbsp;&nbsp;COUNTERPART EXECUTION.**

This Agreement may be executed by the Parties in any number of counterparts (and by each of the Parties on separate counterparts), each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument. The .pdf or electronic signatures of the Parties shall be deemed original signatures, and .pdf or electronic copies hereof shall be deemed to constitute duplicate originals.

**41.12&nbsp;&nbsp;&nbsp;&nbsp;THIRD-PARTY BENEFICIARIES.**

Except with respect to the rights of successors and permitted assigns as provided herein, any Person who purchases, leases or takes a security interest in an undivided interest in the Facility (including the Lenders) and the rights of indemnitees under <u>Article 30</u>, (a) nothing contained herein nor any action taken hereunder shall be construed to create any duty, liability or standard of care to any Person that is not a Party, (b) no person that is not a Party shall have any rights or interest, direct or indirect, in this Agreement or the services to be provided hereunder and (c) this Agreement is intended solely for the benefit of the Parties, and the Parties expressly disclaim any intent to create any rights in any third party as a third-party beneficiary to this Agreement or the services to be provided hereunder.

**41.13&nbsp;&nbsp;&nbsp;&nbsp;SURVIVAL OF OBLIGATIONS.**

Notwithstanding anything to the contrary contained herein, any termination of this Agreement shall not relieve (a) any Party of its obligations with respect to confidentiality as set forth herein, (b) any Party of any obligation hereunder which expressly or by implication survives termination hereof (including the provisions of <u>Articles</u> <u>17</u>, <u>21</u>, <u>24</u>, <u>29</u>, <u>30</u>, <u>36</u> and <u>41</u> and <u>Section 6.4</u>) and (c) any Party of its obligations or liabilities for loss or damage to another Party arising out of or caused by acts or omissions of such first Party prior to the effectiveness of such termination or arising out of such termination, and shall not relieve Contractor of its obligations and liabilities for the portions of the Work already performed prior to the date of termination.

**41.14&nbsp;&nbsp;&nbsp;&nbsp;ENTIRE AGREEMENT.**

This Agreement embodies the entire agreement among the Parties relating to the specific subject matter hereof and supersedes all prior written agreements regarding the subject matter hereof. The Parties shall not be bound by or liable for any documents proposed or submitted

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prior to the Effective Date and not incorporated into (by reference or otherwise) or referred to in this Agreement, or by or for any statement, representation, promise, inducement or understanding of any kind or nature relating to the Work or any other matter covered by this Agreement which is not set forth or provided for herein. All waivers, releases, exclusions of and limitations on liability and remedies expressly stated herein shall apply to the Parties and their respective Affiliates and employees, regardless of whether arising in contract, warranty, tort (including negligence), statutory or strict liability or otherwise. Without limiting the generality of the foregoing, in no event shall (i) this Agreement be construed or interpreted to amend, modify, or supplement the Phase 1 Agreement in any respect, or (ii) the Phase 1 Agreement be construed or interpreted to amend, modify, or supplement this Agreement in any respect.

**41.15&nbsp;&nbsp;&nbsp;&nbsp;RELATIONSHIP.**

Nothing contained herein shall be deemed to constitute, create, give effect to, constitute any commitment to, or otherwise recognize or contemplate a joint venture, partnership or formal business entity of any kind, and the rights and obligations of the Parties shall be expressly limited only to those expressly set forth herein.

**41.16&nbsp;&nbsp;&nbsp;&nbsp;LIMITED RECOURSE.**

The Parties' sole recourse for any damages or liabilities due pursuant to this Agreement shall be limited to the remedies provided under the Contractor Guarantee, the Performance Security and the assets of the other Party and, except as provided in the Contractor Guarantee, without recourse individually or collectively to the assets of the members or the Affiliates of any other Party, the Lenders or their respective directors, agents, members, shareholders, managers, employees, representatives, partners and officers.

[*Signatures appear on the following page*]

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IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their duly authorized representatives as of the Effective Date.

**VENTURE GLOBAL CP2 LNG, LLC**

By: <u>/s/ Keith Larson&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name: Keith Larson

Title: General Counsel

**WORLEY FIELD SERVICES INC.**

By: <u>/s/ Mark Trueman&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name: Mark Trueman

Title: Group President - Americas

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**<u>EXHIBIT A</u>**

**SCOPE OF WORK; APPLICABLE CODES AND STANDARDS**

[Omitted]

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**<u>EXHIBIT B</u>**

**COMPENSATION**

[Omitted]

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**<u>EXHIBIT B-1</u>**

**DIRECT COSTS AND NON-REIMBURSABLE COSTS**

**1.&nbsp;&nbsp;&nbsp;&nbsp;Direct Costs.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1&nbsp;&nbsp;&nbsp;&nbsp;Direct Costs are comprised of Direct Labor Costs and Other Direct Costs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.1&nbsp;&nbsp;&nbsp;&nbsp;"**Direct Labor Costs**" means the Non-Craft Direct Labor Costs and the Craft Direct Labor Costs, in each case, incurred by Contractor with respect to the performance of the Reimbursable Work, excluding in all cases any Non-Reimbursable Costs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;"**Non-Craft Direct Labor Costs**" or "**Staff**" as used herein means, with respect to each category of Contractor's non-craft employees identified in <u>Exhibit C</u> and the Personnel Authorization Assignment Form (PAAF), (i) the actual, verifiable and documented hours worked by such Contractor's non-craft employees in the performance of the Reimbursable Work multiplied by (ii) the applicable rates set forth in <u>Exhibit C</u> for such Contractor's non-craft employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;"**Craft Direct Labor Costs**" means, with respect to each Category of Contractor's craft employees identified in <u>Exhibit C</u> and the Personnel Authorization Assignment Form (PAAF), (i) the actual, verifiable and documented hours worked by such Contractor craft employees in the performance the Reimbursable Work multiplied by (ii) the applicable rates set forth in <u>Exhibit C</u> for such Contractor craft employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.2&nbsp;&nbsp;&nbsp;&nbsp;"**Other Direct Costs**" means the actual, verifiable and documented expenditures, other than (i) Direct Labor Costs (which shall be paid in accordance with <u>Section 1.1.1</u> above even when incurred in connection with (a) through (ee) below); and (ii) Contractor's G&A (described in <u>Section 3</u> below), incurred by Contractor while performing the Reimbursable Work, excluding in all cases any Non-Reimbursable Costs. Other Direct Costs include all costs incurred in connection with the Work including, without limitation, the following items, without duplication, unless such items are expressly stated to be Non-Reimbursable Costs:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;Facility expenses (including all payments made by Contractor to Subcontractors in connection with the performance of the Reimbursable Work), less amounts reimbursed or credited to Contractor by Subcontractors (including back charges for Work performed by Contractor to complete Subcontractor work or remedy Subcontractor Defects and Deficiencies, liquidated damages or otherwise);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;the cost of all Materials, plus related transportation, temporary storage for logistics receiving, protection and preservation, services of freight forwarding

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agents including logistics, boxing, packing, export preparation, customs clearance and import duties required for the performance of the Reimbursable Work;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;the cost of Permits required to be obtained by Contractor in the performance of the Reimbursable Work;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;the costs of third-party consultants, subject to Owner's prior approval (such approval not to be unreasonably withheld), and of manufacturers' supervisors, service and commissioning engineer / technicians and vendor service representatives required by Contractor to perform the Reimbursable Work;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;the cost of inspection fees or other fees paid to Government Authorities or third-party inspectors, required by Government Authorities to be paid by Contractor in the performance of the Reimbursable Work;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;Contractor Taxes as provided for in <u>Section 34.1</u> of the Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;Specialized computer software or licenses, subject to Owner's prior approval;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;&nbsp;all costs incurred by Contractor for repairing or replacing Defects or Deficiencies in the Work, including Corrective Work and Subcontractor costs to repair or replace Defects or Deficiencies (to the extent payable to Subcontractors) and the cost of the enforcement of Subcontractor warranties with respect to the Reimbursable Work, and all costs incurred by Contractor to fulfill its obligations with respect to the Performance Tests and Facility Performance Tests, including its obligations under <u>Section 15.3.4</u> of the Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;all costs incurred by Contractor for remedying physical damage to the Reimbursable Work or the property of Owner, its Affiliates, Owners Contractors, subcontractors and vendors and any and all costs to remove and reinstall the same;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;&nbsp;&nbsp;&nbsp;currency forward contracts, hedges and options entered into by Contractor with Owner's prior approval solely with respect to the performance of the Reimbursable Work;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;&nbsp;&nbsp;&nbsp;Contractor staff and craft relocation costs in accordance with Contractor's relocation policy, as provided to Owner in writing and approved by Owner (such approval not to be unreasonably withheld), cost of living adjustment, uplifts, incentives, travel and subsistence expenses, per diem, safety and performance incentives, in each case, only if such costs were incurred by Contractor in connection with the performance of the Reimbursable Work;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;&nbsp;&nbsp;&nbsp;Staff travel expenses reasonably required to perform the Reimbursable Work, including temporary duty costs, audits, and meetings at the Job Site or Owner's offices. Travel costs for international travel that is required to perform the Reimbursable Work shall be pre-authorized by Owner. Travel shall be consistent with Contractor standard procedures, Owner Standards and subject to the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;travel policies approved by Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;travel time shall be billed at the applicable labor billing rate set forth in <u>Exhibit C</u> and the Personnel Authorization Assignment Form (PAAF), unless pre-authorized in writing by Owner; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;mileage for personal vehicles shall be billed per Contractor's normal mileage reimbursement policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;&nbsp;&nbsp;&nbsp;NOT USED;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)&nbsp;&nbsp;&nbsp;&nbsp;Job Site infrastructure, offices, lay down areas, temporary facilities (including offices, furnishings, fixtures, utilities, sewer, firewater systems and water), lunchrooms, craft support, facilities, safety facilities, safety and QA/QC equipment and testing apparatus, security, first aid, site cleaning or clearing as required, trash disposal, sanitary facilities, janitorial services, photography, model photographs, general drawing and office supplies (including but not limited to paper, pencils, pens, file folders, printed forms, stationary, paper cutters, staplers, drawing racks and computer discs), communications, reproduction or other graphic services, copy machines (including installation and maintenance) and all other equipment, materials, and specialty items and services required to complete the Reimbursable Work;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)&nbsp;&nbsp;&nbsp;&nbsp;Hourly rates or unit rates, as specified in <u>Exhibit C</u>, incurred in connection with Reimbursable Work including module fabrication, ship offloading of Owner Furnished Equipment and Materials and barge transfer of modules to barges for transport to the Job Site. Hourly rates and unit rates shall apply equally and without adjustment to performance of all Work, regardless of (i) large or small quantities, (ii) elevations, (iii) positions within any applicable Facility module or component, (iv) location within the Job Site, (v) accessibility, (vi) constraints of the work permit system and Commissioning activities or (vii) and any other factor that would affect productivity in the completion of the applicable Work, including Work executed on transportation barges;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)&nbsp;&nbsp;&nbsp;&nbsp;Contractor and Subcontractor cost of construction equipment, including equipment on standby as defined in the Facility equipment plan and equipment for Pre-Commissioning, Commissioning and start-up at the Job Site, required to perform the Reimbursable Work. Owner approval shall be required for the Facility equipment plan and any stand-by other than short term stand-by of

&nbsp;&nbsp;&nbsp;&nbsp;

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equipment; when stand-by is not approved then demobilization and remobilization costs shall be applicable. All Contractor owned equipment shall be charged at the rates set forth in <u>Exhibit C</u>. Construction equipment charges shall be consistent with the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;mobilization and demobilization expenses (including unavoidable cancellation charges from Subcontracts upon termination) will be charged to Owner at the cost incurred by Contractor for equipment in the Mobilization Plan that is approved by Owner (such approval not to be unreasonably withheld);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;each of (i) tires and tracks using the rates set forth in <u>Exhibit C</u>, (ii) labor and materials for long-term maintenance repairs and other service and repairs, and (iii) fuel, oil, and grease;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;Operators are not included in the stated rates for equipment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;&nbsp;&nbsp;&nbsp;Third party rentals will be invoiced at cost;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)&nbsp;&nbsp;&nbsp;&nbsp;equipment will not be overhauled/painted prior to removal from the Job Site; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6)&nbsp;&nbsp;&nbsp;&nbsp;Contractor equipment assigned to the Work will be charged to Owner, and shall not exceed fifty (50) hours per week for the first shift unless approved by Owner. Equipment utilized on the approved equipment plan on a second shift shall be billed and shall not exceed twenty (20) hours per week unless approved by Owner. To the extent that equipment is equipped with a smart meter that shows actual utilization, and the meter shows utilization of hours in excess of fifty (50) hours for day shift and twenty (20) hours for night shift if assigned, the equipment will be billed based on the actual meter hours. Equipment that is expected to have smart meters includes but not is limited to cranes, dozers, back hoes, roller/vibrators. Equipment charges apply to equipment which is verifiable and documented that is on standby for Work, Owner shall be notified weekly of all equipment on stand-by. To the extent the Contractor decides to pre-stage equipment prior to use, mobilizes equipment without prior Owner authorization, or equipment is stored on the Job Site prior to removal, neither storage nor equipment utilization will be invoiced. Contractor shall notify Owner of all pre-stage or stored equipment on the Job Site. Contractor shall provide a copy of the approved Mobilization Plan, proof of equipment utilization in the form of weekly equipment utilization summary timesheets signed by authorized Owner personnel for all equipment utilized. In the event equipment is approved for standby by Owner, equipment charges, as set forth in Exhibit C, shall apply. In order to substantiate equipment

&nbsp;&nbsp;&nbsp;&nbsp;

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charges in Contractor's invoice, Contractor shall provide proof of standby authorization, and provide weekly summary timesheet signed by Company authorized personnel for all equipment on standby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)&nbsp;&nbsp;&nbsp;&nbsp;commodities, supplies, rental tools, loss or damage to tools not included with ST&S, re-assembly of equipment after inspections or transportation, consumables, skip boxes, scaffolding replacement components, Connex and freight containers, and personnel protective equipment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)&nbsp;&nbsp;&nbsp;&nbsp;costs of commercial testing and inspection laboratories, soils testing and analysis consultants, x-ray testing/NDE/NDT, concrete and soil testing, stress relieving kits and supplies, etc. and similar third-party services required for the performance of the Reimbursable Work;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s)&nbsp;&nbsp;&nbsp;&nbsp;rental costs for vehicles for Contractor personnel necessary for the performance of the Reimbursable Work, only if such rental costs were incurred in compliance with Contractor's vehicle rental policy, Owner's Standards and per Owner's prior approval with respect to any changes to the vehicle rental policy or equipment plan. Aggregate rental costs for any vehicle shall not exceed the vehicle's fair market value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t)&nbsp;&nbsp;&nbsp;&nbsp;Hazardous Substance cleanup, subject to the limitations set forth in <u>Section 3.8.47</u> and <u>Section 30.1.2</u> of the Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u)&nbsp;&nbsp;&nbsp;&nbsp;miscellaneous Job Site expenses necessary to perform the Reimbursable Work, including expenses to acquire, purchase, lease or pay for furniture, phones, copiers, printers, plotters, facsimile equipment, mail service, internet service, computers, training materials and equipment, networks, courier services, internal and external photocopying, related petty cash items, temporary facilities and supplies, utilities, miscellaneous Job Site services, specialty software requested by Owner or not normally used by Contractor and software maintenance (so long as notified to Owner prior to use);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&nbsp;&nbsp;&nbsp;Facility-specific entertainment and incentives consistent with Contractor policies, with any expense exceeding [\*\*\*] per event requiring Owner's prior approval;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w)&nbsp;&nbsp;&nbsp;&nbsp;consumable spares and fluid fills of lubricants, all liquids and chemicals such as catalysts, chemicals, water, nitrogen, coolants, greases, lubricants, refrigerants and any topping off of these items and similar supplies, in each case required for construction, Pre-Commissioning, Commissioning and start-up;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)&nbsp;&nbsp;&nbsp;&nbsp;Safety supplies and equipment (including PPE) for the Reimbursable Work;

&nbsp;&nbsp;&nbsp;&nbsp;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y)&nbsp;&nbsp;&nbsp;&nbsp;costs incurred in replacing operating and Commissioning Spare Parts borrowed from Owner's inventory;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z)&nbsp;&nbsp;&nbsp;&nbsp;costs incurred in obtaining and maintaining Facility-specific insurance policies required under the Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aa)&nbsp;&nbsp;&nbsp;&nbsp;costs of Facility-specific project attorney personnel hours and expenses as well as external attorney and claims consultant costs (specifically including for Subcontractor and Agent For Contractor claims) incurred by Contractor while performing the Reimbursable Work as provided for in Section 23.1.4 of the Agreement, but excluding attorney hours and expenses attendant to any dispute between Owner and Contractor/Guarantor arising under the Agreement or the Contractor Guarantee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(bb)&nbsp;&nbsp;&nbsp;&nbsp;costs to provide the Performance and Payment Bonds to Owner required under Section 9.2.1 of the Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(cc)&nbsp;&nbsp;&nbsp;&nbsp;costs incurred by Contractor for Permitted Liens;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(dd)&nbsp;&nbsp;&nbsp;&nbsp;uninsured losses and deductibles described in the Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ee)&nbsp;&nbsp;&nbsp;&nbsp; costs associated with Subcontractor and Owner Contractor change orders and Subcontractor claims including all settlement amounts, as provided for in <u>Section 23.1.4</u> of the Agreement, to the extent not addressed in clause (aa).

<u>Notes</u>:

1. If there is no applicable rate contained in <u>Exhibit C</u> to the Agreement for any item, then a new rate shall be agreed by pro-rating, extrapolating or interpolating from rates for similar work contained within <u>Exhibit C</u> to the Agreement. Should there be no similar items, a new rate shall be calculated from analysis agreed between Owner and Contractor based on similar labor productivity to that in the rates in <u>Exhibit C</u> to the Agreement. The Contractor shall provide sufficient detail to demonstrate that the labor productivity used for new rates is compatible with those used in the Agreement. Once agreed, the new rates shall remain valid for the duration of one year and be adjusted yearly thereafter in accordance with <u>Exhibit C</u>.

2. In the event Contractor incurs a Direct Cost in a currency other than Dollars, Contractor shall convert the amount of such Direct Cost to Dollars using the official rate of foreign exchange between such currency and the Dollar published by the central bank or comparable national monetary authority of the jurisdiction to which such other currency relates on the Business Day immediately preceding the day on which such Direct Cost is invoiced to Owner in a Request for Payment. Contractor shall include details of the calculation of such rate of foreign exchange together with the relevant Request for Payment. In no event shall Owner be responsible for Contractor's foreign exchange hedging costs or other currency hedges except to the extent approved in accordance with clause (j) above.

&nbsp;&nbsp;&nbsp;&nbsp;

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**2.&nbsp;&nbsp;&nbsp;&nbsp;Non-Reimbursable Costs.**

Non-Reimbursable Costs include costs or expenses incurred by Contractor related to the following items:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;Taxes based on or related to the net income, capital or net worth of Contractor or any Subcontractor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;costs and expenses incurred in connection with corporate training recruiting and corporate meetings not directly related to the Work, or public and/or business relations not directly related to the Work;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;NOT USED;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;Amounts required to be paid under <u>Section 5.1.2</u>, <u>Section 30.1.2</u> or <u>Section 40.3.2</u> of the Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;Any costs, expenses or other items included in Contractor's G&A as listed in <u>Section 3</u> below;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;Any additional general and administrative expenses, fees or mark-up of a Contractor Affiliate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;Sales and use taxes on construction owned equipment and Contractor's machinery materials and other equipment to the extent not constituting a Direct Cost;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;&nbsp;Owner Costs and Direct Costs for Indemnified Liens;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;Owner Costs and Direct Costs to discharge and settle Subcontractor claims arising from and solely attributable to the Gross Negligence or Willful Misconduct of Senior Supervisory Personnel;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;&nbsp;&nbsp;&nbsp;Costs, fees and expenses incurred by Contractor or required to be paid to Owner to the extent of Contractor's obligations under <u>Sections 30.1.1</u>, <u>30.1.2</u> and <u>30.1.3</u> of the Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;&nbsp;&nbsp;&nbsp;Amounts required to be paid by Contractor under Section 31.3 of the Agreement, it being understood that such amounts shall not be treated as a Non-Reimbursable Cost for the purposes of <u>Section 21.1(e)</u> of the Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;&nbsp;&nbsp;&nbsp;incidental, indirect, punitive or consequential damages or for loss of profit, product, revenue, contract or use to the extent waived by Owner pursuant to Section 21.2 of the Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;&nbsp;&nbsp;&nbsp;NOT USED;

&nbsp;&nbsp;&nbsp;&nbsp;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)&nbsp;&nbsp;&nbsp;&nbsp;costs and expenses of any work outside the Scope of Work described in <u>Exhibit A</u> of the Agreement that was performed by Contractor prior to its having received an executed Change Order or authorization from Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)&nbsp;&nbsp;&nbsp;&nbsp;costs and expenses of performing that portion of the Work that Contractor knows to be a violation to any Laws or Permits;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)&nbsp;&nbsp;&nbsp;&nbsp;Contractor's repayment to Owner of amounts previously paid by Owner under this Agreement that were determined to be a Non-Reimbursable Cost;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)&nbsp;&nbsp;&nbsp;&nbsp;costs and expenses incurred by Contractor in connection with <u>Section 30.1.1</u> of the Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)&nbsp;&nbsp;&nbsp;&nbsp;costs of attorney hours and expenses attendant to any dispute between Owner and Contractor/Guarantor arising under the Agreement or the Contractor Guarantee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) the amount of any arbitral award rendered in favor of Owner under <u>Section 36.1.3</u> of the Agreement and the costs of such arbitration to the extent it is determined by the tribunal that Contractor should be responsible for such costs; it being understood that such amounts shall not be treated as a Non-Reimbursable Cost for the purposes of <u>Section 21.1(e)</u> of the Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t)&nbsp;&nbsp;&nbsp;&nbsp;Contractor's capital or financing costs, including principal or interest on capital used for performance of the Work;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u)&nbsp;&nbsp;&nbsp;&nbsp;Amounts that Contractor is obligated to reimburse to Owner specified within the Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&nbsp;&nbsp;&nbsp;charitable contributions, unless approved in advance by Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w)&nbsp;&nbsp;&nbsp;&nbsp;NOT USED;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)&nbsp;&nbsp;&nbsp;&nbsp;any cost or expense described in <u>Section 1</u> that (1) is not auditable and verifiable by Contractor's accounts or records or (2) was improperly incurred without Owner's approval where required;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y)&nbsp;&nbsp;&nbsp;&nbsp;any cost or expense paid to a Subcontractor that was not due and owing to such Subcontractor in accordance with the express terms of the relevant Subcontract or this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z)&nbsp;&nbsp;&nbsp;&nbsp;per-occurrence costs or expenses exceeding [\*\*\*] incurred by Contractor or any Subcontractor for dinners, lunches, social events or team building event, to the extent not approved by Owner.

**3.&nbsp;&nbsp;&nbsp;&nbsp;Contractor's G&A**

&nbsp;&nbsp;&nbsp;&nbsp;

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A multiplier of (i) [\*\*\*] for all Direct Costs (other than Tax Costs) and (ii) [\*\*\*] for all Tax Costs (each the "**G&A Multiplie**r") will be applied across all Direct Costs for G&A recovery in accordance with the definition of Contractor's G&A. The G&A Multiplier will recover the following overhead costs:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)&nbsp;&nbsp;&nbsp;&nbsp;Home Office Executive Management

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)&nbsp;&nbsp;&nbsp;&nbsp;Corporate Equipment Administration

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)&nbsp;&nbsp;&nbsp;&nbsp;Marketing

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d)&nbsp;&nbsp;&nbsp;&nbsp;Corporate Accounting/Financial Reporting/Financial Analysis

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e)&nbsp;&nbsp;&nbsp;&nbsp;Corporate Risk Management Staff

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f)&nbsp;&nbsp;&nbsp;&nbsp;Human Resources (excluding Facility assigned Human Resources staff)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g)&nbsp;&nbsp;&nbsp;&nbsp;Corporate Tax Staff (unless addressing Owner tax benefits)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h)&nbsp;&nbsp;&nbsp;&nbsp;Corporate I/T Staff and I/T Infrastructure

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i)&nbsp;&nbsp;&nbsp;&nbsp;Corporate Treasury/Cash Management

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j)&nbsp;&nbsp;&nbsp;&nbsp;Internal Audit

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k)&nbsp;&nbsp;&nbsp;&nbsp;Corporate Training and Corporate Events

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l)&nbsp;&nbsp;&nbsp;&nbsp;Division and District Managers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;m)&nbsp;&nbsp;&nbsp;&nbsp;Corporate Legal Staff (non Facility-specific)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;n)&nbsp;&nbsp;&nbsp;&nbsp;Employee Benefit Administration

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o)&nbsp;&nbsp;&nbsp;&nbsp;Corporate offices and Corporate vehicles

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;p)&nbsp;&nbsp;&nbsp;&nbsp;Corporate telecommunications and computer hardware

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;q)&nbsp;&nbsp;&nbsp;&nbsp;Corporate Software and licenses

In no event shall the G&A Multiplier apply to any general and administrative expenses, fees or mark-up of a Contractor Affiliate, except for those items in <u>Section 1.1.1</u> of this <u>Exhibit B-1</u>.

**4.&nbsp;&nbsp;&nbsp;&nbsp;Contractor's Margin**

Contractor's Margin shall equal [\*\*\*].

&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT B-2</u>**

**[RESERVED]**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT B-3</u>**

**TARGET PRICE COMPONENTS**

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| | |
|:---|:---|
| Direct Costs: | $[\*\*\*] |
| Contractor's G&A: | $[\*\*\*] |
| Contractor's Margin: | $[\*\*\*] |
| **Target Price:** | **$[\*\*\*]** |

---

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT B-4</u>**

**COVER COSTS EXAMPLES**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT B-5</u>**

**PAYMENT PROCEDURES**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT C</u>**

**CONTRACTOR RATES**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT D</u>**

**SCHEDULE MILESTONES**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT E</u>**

**PROJECT SCHEDULE**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F</u>**

**CONTRACT FORMS**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F-1</u>**

**FORM OF CONTRACTOR CERTIFICATE FOR PARTIAL WAIVER OF LIENS**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F-2</u>**

**FORM OF SUBCONTRACTOR CERTIFICATE FOR PARTIAL WAIVER OF LIENS**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F-3</u>**

**FORM OF CONTRACTOR CERTIFICATE FOR FINAL WAIVER OF LIENS**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F-4</u>**

**FORM OF SUBCONTRACTOR CERTIFICATE FOR FINAL WAIVER OF LIENS**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F-5</u>**

**FORM OF CONSENT AND AGREEMENT**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F-6</u>**

**FORM OF CONTRACTOR GUARANTEE**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F-7</u>**

**FORM OF REQUEST FOR PAYMENT**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F-8</u>**

**FORM OF LIMITED NOTICE TO PROCEED**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F-9A</u>**

**PERFORMANCE BOND**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F-9B</u>**

**FORM OF PAYMENT BOND**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F-10</u>**

**FORM OF CHANGE ORDER**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F-11</u>**

**FORM OF LNG PRODUCTION SYSTEM<br>MECHANICAL COMPLETION CERTIFICATE**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F-12</u>**

**FORM OF LNG PRODUCTION SYSTEM RFSU CERTIFICATE**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F-13</u>**

**FORM OF NOTICE TO PROCEED**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F-14</u>**

**FORM OF TITLE INSURANCE INDEMNITY AGREEMENT UNDERTAKING**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F-15</u>**

**FORM OF PAYMENT STATUS AFFIDAVIT**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F-16</u>**

**FORM OF SUBCONTRACTOR'S PAYMENT STATUS AFFIDAVIT**

**SUBCONTRACTOR'S PAYMENT STATUS AFFIDAVIT ("Affidavit")**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F-17</u>**

**[RESERVED]**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT F-18</u>**

**FORM OF CERTIFICATE OF SCHEDULE MILESTONE ACHIEVEMENT**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT G</u>**

**TRAINING REQUIREMENTS**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT H</u>**

**SCHEDULE OF MAJOR VENDORS**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT I</u>**

**PROGRESS REPORTING AND PROGRESS MEETINGS**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT J</u>**

**DOCUMENT CONTROL AND INFORMATION MANAGEMENT**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT K</u>**

**December 2025**

**LIST OF CONTRACTOR'S KEY PERSONNEL**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT L</u>**

**PERMITS, LICENSES AND GOVERNMENT APPROVALS**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT M</u>**

**RELIED UPON INFORMATION**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT N</u>**

**OWNER SUPPLIED INFORMATION**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT O</u>**

**SCHEDULE OF MAJOR SUBCONTRACTORS**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT P</u>**

**MECHANICAL COMPLETION, COMMISSIONING, START-UP AND<br>SUBSTANTIAL COMPLETION**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT Q</u>**

**OWNER PERSONNEL**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT R</u>**

**DEMONSTRATION TESTS AND PERFORMANCE TESTS**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT S</u>**

**LNG PRODUCTION SYSTEM HANDOVER PACKAGES**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT T</u>**

**REQUIREMENTS FOR SIMULTANEOUS OPERATIONS**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT U</u>**

**HEALTH, SAFETY, SECURITY AND ENVIRONMENT REQUIREMENTS**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT V</u>**

**FIRST FILLS AND CATALYSTS**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT W</u>**

**OWNER CONTRACTS**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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**<u>EXHIBIT X</u>**

**[RESERVED]**

[Omitted]

#102061270v5&nbsp;&nbsp;&nbsp;&nbsp;

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***Execution Version***

**<u>EXHIBIT Y</u>**

**COORDINATION PROCEDURE**

[Omitted]

&nbsp;&nbsp;&nbsp;&nbsp;

## Exhibit 10.2

**Exhibit 10.2**

**Certain identified information has been omitted from this document because (i) it is not material and is the type that the Company customarily and actually treats as private or confidential, and/or (ii) if disclosure would constitute a clearly unwarranted invasion of personal privacy and has been marked with "[\*\*\*]" to indicate where omissions have been made.**

**<u>EXHIBIT F-6</u>**

**FORM OF CONTRACTOR GUARANTEE**

This GUARANTY, dated as of January 30, 2026 (this "**Guaranty**"), is made by WORLEY LIMITED, a company limited by shares incorporated in Australia ("**Guarantor**"), for the benefit of VENTURE GLOBAL CP2 LNG, LLC, a Delaware Limited Liability Company (the "**Beneficiary**"). The Guarantor and Beneficiary are referred to herein individually as a "**Party**" and collectively as the "**Parties**".

**<u>RECITALS</u>**

WHEREAS, the execution and delivery of this Guaranty is required pursuant to Section 9.3 of that certain Engineering, Procurement and Construction Agreement (as may be amended, modified or supplemented from time to time, the "**Agreement**"), dated as of the date hereof, by and between Worley Field Services Inc., a Texas corporation ("**Obligor**") and Beneficiary;

WHEREAS, this Guaranty is entered into by the Guarantor as an inducement for Beneficiary to enter into and consummate the transactions contemplated by the Agreement; and

WHEREAS, Guarantor will derive substantial benefit from the consummation of the transactions contemplated by the Agreement.

NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Guarantor and Beneficiary agree as follows:

**Article 1<br>DEFINITIONS AND CONSTRUCTION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.1 *Definitions***. All capitalized terms used but not defined herein shall have the meanings set forth for such terms in the Agreement.

**Article 2<br>GUARANTY**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.1 *Guaranty***. Guarantor hereby irrevocably, absolutely, fully and unconditionally guarantees to Beneficiary and its successors and assigns the timely and complete payment and performance when and as due (whether at the stated due date, by acceleration or

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otherwise) of all obligations of Obligor arising under the Agreement (the "**Guaranteed Obligations**"), subject to the limitations and rights of Obligor set forth in the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.2 *No Release or Discharge***. This Guaranty is a direct and primary obligation of Guarantor and shall be an irrevocable, unconditional, absolute and continuing guaranty, irrespective of the following potential defenses:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.1any invalidity, voidability or unenforceability of, or defect or deficiency applicable to Obligor in respect of, the Agreement or any other documents executed in connection with the Agreement based on Obligor's lack of corporate power and authority to enter into the Agreement or such other documents or the failure of the Agreement or such other documents to be duly authorized and executed by Obligor and its signatories;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.2any postponement or extension of the date on which any payment must be made pursuant to the Agreement or postponement or extension of the date on which any act must be performed by Obligor thereunder, provided that any such postponement or extension shall be deemed to apply to the Guarantor's obligations hereunder in the same way that it applies to Obligor's obligations under the Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.3whether or not Guarantor received direct notice of or consented to any modification, amendment, supplement, renewal or waiver of the Agreement or any of the terms or conditions of the Agreement, including under a Change Order, provided that the Guaranteed Obligations shall not be greater than the obligations of Obligor under the Agreement, as the Agreement may be so modified, amended, supplemented, renewed or waived without Guarantor's consent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.4any failure, omission or delay on the part of Beneficiary or any other Person to confirm or comply with any of the terms or conditions of the Agreement or any other documents executed in connection with the Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.5except as to applicable statutes of limitation or other contractual period of limitation, the failure, omission, delay, or refusal by Beneficiary to exercise against Obligor, in whole or in part, any right or remedy held by Beneficiary with respect to the Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.6any legal disability of Guarantor, or any release or discharge of Guarantor by a bankruptcy court;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.7any stay applicable to any enforcement of the Guaranteed Obligations against Obligor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.8any rights of subrogation, reimbursement, indemnity or contribution that Guarantor or Beneficiary may have against Obligor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.9any lack of knowledge by Guarantor as to the condition (including financial) of Obligor, since Guarantor shall be responsible for obtaining its own knowledge of such condition;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.10any election of remedies by Beneficiary, even if such election of remedies impairs or destroys Guarantor's right of subrogation against Obligor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.11any merger, consolidation, termination of or change in corporate existence, structure or ownership of Obligor or Guarantor, or any insolvency, bankruptcy, reorganization or other similar proceeding affecting Obligor or its assets; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.12subject to the defenses available to Guarantor pursuant to <u>Section 2.6.2</u>, any other occurrence or circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor or which might otherwise limit recourse against Guarantor all without notice to or further assent by Guarantor, who shall remain bound by this Guaranty, which shall remain in full force and effect until all of the Guaranteed Obligations have been paid in full or otherwise extinguished.

No action which Beneficiary shall take or fail to take in connection with the Guaranteed Obligations, nor any course of dealing with Obligor or any other person, shall release Guarantor's obligations hereunder, affect this Guaranty in any way, or afford Guarantor any recourse against Beneficiary. This Guaranty is in no way conditioned or contingent upon any attempt to collect from or enforce performance or payment by Obligor or upon any other event, contingency or circumstance whatsoever. Beneficiary shall not be obligated to take any action, obtain any judgment or file any claim prior to enforcing this Guarantee. Beneficiary shall not be obligated to file any claim relating to the Obligations in the event that Obligor becomes subject to a bankruptcy, reorganization or similar proceeding, and the failure of Beneficiary to so file shall not affect Guarantor's obligations hereunder.

This Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Guaranteed Obligations are annulled, set aside, invalidated, declared to be fraudulent or preferential, rescinded or must otherwise be returned, refunded or repaid by Beneficiary upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of Obligor or any other guarantor, or upon or as a result of the appointment of a receiver or conservator of, or trustee for Obligor or any other guarantor or any substantial part of its property or otherwise, all as though such payment or payments had not been made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.3 *Waiver of Rights***. Subject to the limitations expressly set forth in this Guaranty, Guarantor understands and agrees that the guaranty contained in <u>Section 2.1</u> shall be a continuing guaranty. Guarantor hereby expressly waives:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.1notice of acceptance of this Guaranty, of the creation or existence of any of the Guaranteed Obligations, of any of the matters described in <u>Section 2.2</u> and of any action by Beneficiary in reliance hereon or in connection herewith;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.2notice of the entry into the Agreement between Obligor and Beneficiary and of any amendments, supplements or modifications thereto; or any waiver of consent under the Agreement, including waivers of the payment and performance of the obligations thereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.3notice of any increase, reduction or rearrangement of Obligor's obligations under the Agreement or any extension of time for the payment of any sums due and payable to Beneficiary under the Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.4presentment, demand for payment, notice of acceptance, notice of dishonor or nonpayment, protest and notice of protest or any other notice with respect to the Guaranteed Obligations; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.5any requirement that suit be brought against, or any other remedy or action by Beneficiary be taken against, or any notice of default or other notice be given to, or any demand be made on Obligor or any other person, or that any other action be taken or not

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taken as a condition to Guarantor's liability for the Guaranteed Obligations under this Guaranty or as a condition to the enforcement of this Guaranty against Guarantor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.4 *No Subrogation***. Guarantor will not exercise and irrevocably agrees to waive any rights against Obligor which it may acquire by way of subrogation, reimbursement, exoneration, contribution or indemnification in connection with this Guarantee by any payment made hereunder or otherwise, until all Guaranteed Obligations shall have been fully and indefeasibly paid and performed. If (a) Guarantor makes payment to Beneficiary of all or any part of the Guaranteed Obligations and (b) all of the then outstanding Guaranteed Obligations shall have been paid in full, Beneficiary shall, at Guarantor's request, execute and deliver to Guarantor documents to evidence the transfer by subrogation to Guarantor of any interest in the Guaranteed Obligations resulting from such payment by Guarantor. If any amount shall be paid to Guarantor on account of such subrogation, contribution, reimbursement or indemnity rights at any time when all of the Guaranteed Obligations and all amounts owing hereunder shall not have been performed and paid in full, such amount shall be held by Guarantor in trust for Beneficiary, segregated from other funds of Guarantor, and shall, forthwith upon receipt by Guarantor, be turned over to Beneficiary in the exact form received by Guarantor (duly endorsed by Guarantor to Beneficiary, if required), to be applied against the Guaranteed Obligations, whether or not matured, in such order as Beneficiary may determine.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.5 *Demand and Payment***. Beneficiary may provide written notice to Guarantor pursuant to <u>Section 4.1</u> at any time if Obligor fails to punctually pay or perform any of the Guaranteed Obligations. There are no other requirements of notice, presentment or demand. Guarantor shall pay, or cause to be paid, such Guaranteed Obligations within ten (10) Business Days of receipt of such notice, unless, within such period, the default giving rise to such notice has been remedied. If Beneficiary is prevented from making a demand on Guarantor as a result of any applicable law, any injunction, order or other action of any court or other governmental authority or any stay, moratorium or other action in any bankruptcy, insolvency or other similar proceeding, Guarantor shall not be excused from paying and performing its obligations under this Guarantee as and when due. All payments by Guarantor hereunder shall be paid without setoff or deduction in U.S. dollars in immediately available funds to such accounts as may be designated by Beneficiary from time to time. Guarantor agrees to pay on demand all fees and out of pocket expenses (including the reasonable fees and expenses of Beneficiary's counsel) in any way relating to the enforcement or protection of the rights of Beneficiary hereunder. Any amount due and payable hereunder shall, if not paid when due, accrue interest at the Late Payment Rate from the date such payment was due until the date such payment is made in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.6 *Primary Liability of Guarantor; Guarantor's Defenses***.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6.1Guarantor agrees that Beneficiary may enforce this Guaranty without the necessity at any time of resorting to or exhausting any other security or collateral, or exercising or exhausting any other remedies against Obligor. This is a guaranty of payment and performance when and as due and not merely of collection.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6.2Notwithstanding anything to the contrary stated herein or in the Agreement or any documents related thereto, Guarantor's undertakings and obligations hereunder with respect to the Agreement are derivative of and not in excess of the Obligor's obligations under the Agreement and Guarantor may assert as a defense, right of set-off or counterclaim to its obligations hereunder any defense, right of set-off or counterclaim that Obligor may have to such Guaranteed Obligations under the Agreement or otherwise, even if Obligor fails to raise the same, except (i) a defense based on the discharge of the Guaranteed Obligations as to Obligor in a bankruptcy or insolvency proceeding or (ii) other defenses expressly waived hereunder.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.7 *Continuing Guaranty***. Guarantor's obligations under <u>Section 2.1</u> of this Guaranty shall continue in force and effect until the Guaranteed Obligations have been fully performed or otherwise extinguished under the Agreement, at which time this Guaranty and all of Guarantor's obligations hereunder shall terminate and expire. Guarantor agrees that any judgment between Obligor and Beneficiary under the Agreement (whether in contested litigation or arbitration or otherwise) shall be conclusive and binding on Guarantor for the purposes of determining Guarantor's obligations under this Guaranty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.8 *Guarantor Financial Statements***. As soon as available, but in any event no later than one-hundred twenty (120) Days after the end of each applicable six (6)-month period, Guarantor shall make available to Beneficiary a copy of the audited consolidated balance sheets at the end of each such period as well as the related consolidated statements of income, retained earnings, and cash flows for such period. All financial statements delivered pursuant to this <u>Section 2.8</u> shall be complete and correct in all material respects and shall be prepared in accordance with A-IFRS applied consistently throughout the periods reflected therein.

If the Guarantor makes the foregoing financial statements publicly available on its website or through filings pursuant to applicable securities laws, then the requirements of this <u>Section 2.8</u> shall be deemed met by the Guarantor making such financial statements publicly available in accordance with the requirements of applicable securities laws or, otherwise, in accordance with its customary practice.

**Article 3<br>REPRESENTATIONS AND WARRANTIES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1 *Representations and Warranties of Guarantor***. Guarantor represents and warrants as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.1It is a company limited by shares, duly incorporated, validly existing and in good standing under the laws of Australia.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.2It has all requisite power and authority to execute and deliver this Guaranty and to perform all obligations to be performed by it hereunder. The execution and delivery of this Guaranty and the consummation of the transactions contemplated hereby have been duly and validly authorized and approved by all requisite limited partnership action on its part. This Guaranty has been duly and validly executed and delivered by it and this Guaranty constitutes a valid and binding obligation of it, enforceable against it in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.3The execution and delivery of this Guaranty by it and the performance of its obligations hereunder by it do not and shall not: (i) violate any Applicable Law or require any filing with, consent, approval or authorization of, or notice to, any Governmental Authority or any other Person, except as otherwise obtained prior to the date hereof, (ii) violate any of its organizational documents or (iii) breach or conflict with any material contract to which it is a party or by which it may be bound, result in the termination of any such material contract, result in the creation of any lien upon any of its assets or constitute an event which, after notice or lapse of time or both, would result in any such breach, termination or creation of a lien upon any of its assets.

**Article 4<br>MISCELLANEOUS**

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.1 *Notices***. All notices and other communications required or permitted to be given by any provision of this Guaranty shall be in writing and mailed (certified or registered mail, postage prepaid, return receipt requested) or sent by hand or overnight courier, or by facsimile transmission (with acknowledgment received), charges prepaid and addressed to the intended recipient as follows, or to such other addresses or numbers as may be specified by a Party from time to time by like notice to the other parties:

If to Guarantor, at:

[\*\*\*]

If to Beneficiary, at:

[\*\*\*]

All notices and other communications given in accordance with the provisions of this Guaranty shall be deemed to have been given and received: (i) when delivered, if delivered by hand or transmitted by facsimile (with acknowledgment received); (ii) five (5) Business Days after the same are sent by certified or registered mail, postage prepaid, return receipt requested; or (iii) one (1) Business Day after the same are sent by a reliable overnight courier service, with acknowledgment of receipt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2 *Assignment***. This Guaranty shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns. Neither Party may assign (by contract, stock sale, operation of law or otherwise) either this Guaranty or any of its rights, interests, or obligations hereunder without the express prior written consent of the other Party, and any attempted assignment, without such consent, shall be null and void; provided, however that Beneficiary may assign this Agreement, without the consent of Guarantor (but with written notice to Guarantor) in connection with (i) an assignment of the Agreement by Beneficiary permitted under the Agreement or (ii) a collateral assignment of this Guaranty by Beneficiary to any Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.3 *Rights of Third Parties***. Nothing expressed or implied in this Guaranty is intended or shall be construed to confer upon or give any Person, other than Beneficiary, any right or remedies under or by reason of this Guaranty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.4 *Entire Agreement***. This Guaranty constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes any prior understandings, negotiations, agreements, or representations between the Parties of any nature, whether written or oral, to the extent they relate in any way to the subject matter hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.5 *Counterparts***. This Guaranty may be executed in any number of counterparts, each of which shall be deemed an original but all of which together will constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.6 *Amendments***. This Guaranty may be amended or modified in whole or in part, and terms and conditions may be waived, only by a duly authorized agreement executed by Guarantor and Beneficiary which makes reference to this Guaranty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.7 *Severability***. If any provision of this Guaranty or the application of any such provision to any Person or circumstance shall be declared by any court of competent jurisdiction to be invalid, illegal, void or unenforceable in any respect, all other provisions of this

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Guaranty, or the application of such provision to Persons or circumstances other than those as to which it has been held invalid, illegal, void or unenforceable, shall nevertheless remain in full force and effect and will in no way be affected, impaired or invalidated thereby. Upon such determination that any provision, or the application of any such provision, is invalid, illegal, void or unenforceable, the parties shall negotiate in good faith to modify this Guaranty so as to effect the original intent of the parties as closely as possible to the fullest extent permitted by Applicable Law in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the greatest extent possible.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.8 *Financing***. Guarantor acknowledges that Beneficiary intends to obtain financing, and Guarantor agrees to cooperate with Beneficiary and the Lenders in connection with such financing, including, but not limited to, entering into a Consent and Agreement with the Lenders, in a form substantially similar to Exhibit F-5 to the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.9 *Governing Law; Jurisdiction***.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.9.1This Guaranty and all claims arising out of or relating to this Guaranty and the transactions contemplated hereby shall be governed by the laws of the State of New York, without regard to the conflicts of law principles that would result in the application of the laws of any other jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.9.2Each Party (a) irrevocably submits to the exclusive jurisdiction of any federal court or state court sitting in the Southern District of New York in any dispute, claim or controversy arising under or relating to this Guaranty, (b) agrees that all claims in such action may be decided in such court, (c) waives, to the fullest extent it may effectively do so, the defense of inconvenient forum and (d) consents to the service of process by mail in accordance with the notice provisions of this Guaranty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.9.3Each Party waives all right to trial by jury in any action or proceeding to enforce or defend any rights under this Guaranty and any document executed in connection herewith.

[*signature page follows*]

------

IN WITNESS WHEREOF, this Guaranty has been duly executed and delivered by Guarantor as of the date first above written.

**GUARANTOR**

WORLEY LIMITED

By: <u>/s/ Robert Christopher Ashton&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name: Robert Christopher Ashton

Title: Chief Executive Officer

WORLEY LIMITED

By: <u>/s/ Nuala Maria O'Leary&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name: Nuala Maria O'Leary

Title: Company Secretary

**BENEFICIARY**

VENTURE GLOBAL CP2 LNG, LLC

By: <u>/s/ Keith Larson&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name: Keith Larson

Title: Secretary

[Signature Page – Guaranty]

## Exhibit 10.3

**Exhibit 10.3**

*Execution Version*

**Certain identified information has been omitted from this document because (i) it is not material and is the type that the Company customarily and actually treats as private or confidential, and/or (ii) if disclosure would constitute a clearly unwarranted invasion of personal privacy and has been marked with "[\*\*\*]" to indicate where omissions have been made.**

**CHANGE ORDER NO. 3**

---

| | |
|:---|:---|
| Date: February 8, 2026 | Change Order No. 3  |
|  | Reference: Scope Additions, Deletions and Modifications |
|  | Documents: PQ-PRM-KZV-VGL-LET-00534-24, PQ-PRM-KZV-VGL-LET-00794-25,PQ-PRM-KZV-VGL-LET-00696-25, PQ-PRM-KZV-VGL-LET-00676-25, PQ-PRM-KZV-VGL-LET-00793-25, PQ-PRM-KZV-VGL-LET-00815-25, PQ-PRM-KZV-VGL-LET-00816-25, and PQ-PRM-KZV-VGL-LET-0829-25. |

---

**Venture Global Plaquemines LNG, LLC**, a limited liability company duly organized and existing under the laws of the State of Delaware ("**Owner**"), and KZJV LLC, a limited liability company duly organized and validly existing under the laws of the State of Texas (the "**Contractor**"), hereby agree to the following change to that certain Amended and Restated Engineering, Procurement and Construction Agreement, dated as of April 7, 2025, by and between Owner and Contractor (as amended, supplemented or otherwise modified, the "**Agreement**"). Capitalized terms used but not defined herein shall have the meanings set forth in the Agreement. This Change Order, agreed upon by the Parties pursuant to Article 12 of the Agreement, is considered an amendment to the Agreement. Except to the extent specifically described in this Change Order, the changes set forth herein do not relieve Contractor of its responsibilities set forth in the Agreement.

Provided that this Change Order is executed by both Parties, this Change Order will constitute a full and final settlement and accord and satisfaction of all effects of the changes described herein,

&nbsp;&nbsp;&nbsp;&nbsp;

------

*)*

and shall be deemed to compensate Contractor fully for such effects, unless otherwise provided in the detailed description below.

**Scope:**

Exhibit A (Scope of Work; Applicable Codes and Standards) of the Agreement is hereby amended as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The items listed in Table 1 below are incorporated in the scope of Work and further defined in the change proposals referenced therein and submitted by Contractor under the cover of the subject letter reference number. The scope of the activities described in the subject change proposals, notice references or Project Deviation Notices (PDN) listed in Table 1 are provided as reference as to the activities to be performed in this Change Order. Contractor shall perform all related Work noted in the subject Notice of Change letter referenced, to include, but not be limited to, any related PDNs listed herein even if not yet formally submitted to Owner, without exclusion.

**Table 1**

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **VG PCO No.** | **Notice Ref.** | **KZJVChange Proposal No.** | **KZJV Rev No.** | **KZJV PDN No.** | **Description** | **Approved Change Amount** |
| [\*\*\*] | [\*\*\*] | [\*\*\*] | [\*\*\*] | [\*\*\*] | Flare Area DOR Descope (Rev 1) - Phase 2 | [\*\*\*] |
| [\*\*\*] | [\*\*\*] | [\*\*\*] | [\*\*\*] | [\*\*\*] | Supplemental Power Plans - Phase 2 | [\*\*\*] |
| [\*\*\*] | [\*\*\*] | [\*\*\*] | [\*\*\*] | [\*\*\*] | Stack Removal and Erection<br>– Phase 2 | [\*\*\*] |
| [\*\*\*] | [\*\*\*] | [\*\*\*] | [\*\*\*] | [\*\*\*] | Site Security De-scope | [\*\*\*] |
| [\*\*\*] | [\*\*\*] | [\*\*\*] | [\*\*\*] | [\*\*\*] | Insulation Subcontracts Reassignment - Phase 2 | [\*\*\*] |
| [\*\*\*] | [\*\*\*] | [\*\*\*] | [\*\*\*] | [\*\*\*] | Force Majeure Tornado – Phase 2 | [\*\*\*] |
| [\*\*\*] | [\*\*\*] | [\*\*\*] | [\*\*\*] | [\*\*\*] | LPS1 Gas Turbine Generator #2 configuration – Phase 2 | [\*\*\*] |

---

&nbsp;&nbsp;&nbsp;&nbsp;

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*)*

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| [\*\*\*] | [\*\*\*] | [\*\*\*] | [\*\*\*] | [\*\*\*] | WBS T2Z0 Transfer of Scope of Work – Phase 2 | [\*\*\*] |
|  |  |  |  |  | **TOTAL** | [\*\*\*] |

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**Price:**

This Change Order shall be incorporated into the Project forecast.

**Deliverable Schedule:**

This Change Order shall have no impact on the Project Schedule or Applicable Deadlines.

This Change Order is not valid, except as otherwise provided in the Agreement, until fully executed by Contractor and Owner.

[*Signatures on the following page.*]

&nbsp;&nbsp;&nbsp;&nbsp;

------

IN WITNESS WHEREOF, the Parties have caused this Change Order to be executed by their duly authorized representatives as of the date and year first above written.

---

| | |
|:---|:---|
| **Venture Global Plaquemines LNG, LLC** | **KZJV LLC** |
| By: /s/ Keith Larson | By: /s/ Paul Fellows |
| Name:&nbsp;&nbsp;&nbsp;&nbsp;Keith Larson | Name:&nbsp;&nbsp;&nbsp;&nbsp;Paul Fellows |
| Title:&nbsp;&nbsp;&nbsp;&nbsp;General Counsel and Secretary | Title:&nbsp;&nbsp;&nbsp;&nbsp;Manager |
|  | By: /s/ Bruce Beall |
|  | Name:&nbsp;&nbsp;&nbsp;&nbsp;Bruce Beall |
|  | Title:&nbsp;&nbsp;&nbsp;&nbsp;Manager |

---

&nbsp;&nbsp;&nbsp;&nbsp;

## Exhibit 10.4

**Exhibit 10.4**

*Execution Version*

**Certain identified information has been omitted from this document because (i) it is not material and is the type that the Company customarily and actually treats as private or confidential, and/or (ii) if disclosure would constitute a clearly unwarranted invasion of personal privacy and has been marked with "[\*\*\***]**" to indicate where omissions have been made.**

**AMENDMENT NO. 01** 

**TO** 

**PURCHASE ORDER CONTRACT FOR THE SALE OF LIQUEFACTION TRAIN SYSTEM**

This Amendment No. 01 to the Purchase Order Contract for the Sale of Liquefaction Train System (this "***Amendment***"), dated as of February 27, 2026 (the "***Effective Date***"), is entered into by and between Venture Global CP2 LNG, LLC, a Delaware limited liability company ("***Buyer"***), and Baker Hughes Energy Services LLC, a Delaware limited liability company *(****"Seller*"**). Buyer and Seller are sometimes referred to herein individually as a "***Party***" and collectively as the "***Parties***."

WHEREAS, Buyer and Seller are Parties to that certain Purchase Order Contract for the Sale of Liquefaction Train System, dated as of December 13, 2024 (the ***"Agreement"***); and

WHEREAS, Buyer and Seller desire to amend the Agreement as set forth herein.

NOW, THEREFORE, in consideration of the mutual covenants and provisions herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto, intending to be legally bound, hereby covenant and agree as follows:

1. Amendment.

1.1The definition of Performance Delay Liquidated Damages Cap in Clause 1.1 of <u>Appendix A</u> (General Terms and Conditions) to the Agreement shall be deleted in its entirety and the following definition shall be inserted in its place:

""<u>Performance Delay Liquidated Damages Cap</u>" means: (a) in respect of each Liquefaction Train, an amount equal to (i) [\*\*\*] of the Aggregate Performance Delay Liquidated Damages Cap in respect of each of the first [\*\*\*] Liquefaction Trains to be performance tested and (ii) [\*\*\*] of the Aggregate Performance Delay Liquidated Damages Cap in respect of each of the subsequent [\*\*\*] Liquefaction Trains to be performance tested; and (b) in respect of the Liquefaction Train System Production Capacity Performance Guarantee and the LNG Quality Performance Guarantee, collectively, an amount equal to [\*\*\*]."

2.<u>Benefits</u>. This Amendment shall inure to the benefit of and be binding upon the Parties and their respective successors and assigns. Nothing express or implied in this

------

*Execution Version*

Amendment No. 01 is intended to confer upon any person, other than the Parties and their respective successors and assigns, any rights, remedies, obligations or liabilities under or by reason of this Amendment No. 01.

3.<u>Effect of Amendment</u>. Except as expressly set forth herein, this Amendment No. 01 shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Agreement, all of which are ratified and affirmed in all respects and shall continue in full force and effect.

4.<u>No Oral Modifications</u>. No oral or written modification, amendment or supplement of this Amendment No. 01 by any officer, agent or employee of Seller or Buyer, either before or after execution of this Amendment No. 01, shall be of any force or effect unless such modification, amendment, or supplement is in writing and is signed by both Parties.

5.<u>Arbitration and Governing Law.</u> Clauses 20.2 and 21 of the Agreement shall apply to this Amendment No. 01, *mutatis mutandis*.

6.<u>Counterparts</u>. This Amendment No. 01 may be executed in counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument. A signed copy of this Amendment transmitted by email shall be treated as an original and shall be binding against the Party whose signature appears on such copy.

------

*Execution Version*

IN WITNESS WHEREOF, the Parties have executed and delivered this Amendment No. 01 under proper authority as of the date first above written.

---

| | |
|:---|:---|
| **Baker Hughes Energy Services, LLC** | **Venture Global CP2 LNG, LLC** |
| By: <u>/s/ Jeffrey Hoke&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> | By: <u>/s/ Keith Larson&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> |
| Name:&nbsp;&nbsp;&nbsp;&nbsp; <u>Jeffrey Hoke&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> | Name: <u>Keith Larson&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> |
| Title: &nbsp;&nbsp;&nbsp;&nbsp;<u>Project Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> | Title: <u>General Counsel&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> |
|  | /s/ SSUE |

---

## Exhibit 10.5

**Exhibit 10.5**

*Execution Version*

**Certain identified information has been omitted from this document because (i) it is not material and is the type that the Company customarily and actually treats as private or confidential, and/or (ii) if disclosure would constitute a clearly unwarranted invasion of personal privacy and has been marked with "[\*\*\*]" to indicate where omissions have been made.** 

**FIFTH AMENDED AND RESTATED LETTER OF AGREEMENT**

THIS FIFTH AMENDED AND RESTATED LETTER OF AGREEMENT (this "***Agreement***"), made as of March 5, 2026 (the "***Effective Date***"), is entered into by and between VENTURE GLOBAL LNG, INC., a Delaware corporation ("***VGLNG***") and BAKER HUGHES ENERGY SERVICES LLC (f/k/a GE Oil & Gas, LLC), a Delaware limited liability company ("***BH***"). VGLNG and BH are sometimes referred to herein individually as a "***Party***" and collectively as the "***Parties***."

**RECITALS**

WHEREAS, VGLNG, through its subsidiaries, is developing, constructing or operating certain liquefied natural gas ("***LNG***") export facilities within the United States of America, including the LNG export facility operated by Venture Global Calcasieu Pass, LLC ("***VG Calcasieu Pass***") in Cameron Parish, Louisiana (the "***Calcasieu Pass Project***"), the LNG export facility currently being constructed by Venture Global Plaquemines LNG, LLC ("***VG Plaquemines***") in Plaquemines Parish, Louisiana (the "***Plaquemines LNG Project***"), and the LNG export facility currently being constructed by Venture Global CP2 LNG, LLC ("***VG CP2 LNG***") in Cameron Parish, Louisiana (the "***CP2 LNG Project***");

WHEREAS, BH and its affiliates design, engineer, fabricate and manufacture certain natural gas liquefaction equipment, specifically natural gas liquefaction equipment consisting of liquefaction trains (each, a "***Liquefaction Train***"), with each Liquefaction Train consisting of one (1) six hundred twenty-six thousandth (0.626) million metric tonnes of LNG per annum ("***MTPA***") liquefaction unit with associated electric-driven motor compressor package (including auxiliaries), cold box, surge vessel and common e-house, all as further described in Appendix C that is included in <u>Exhibit A</u>, which is attached hereto and incorporated by reference herein;

WHEREAS, BH and its affiliates design, engineer, fabricate and manufacture certain power island systems comprised of: (i) [\*\*\*] gas turbines and associated generators, [\*\*\*] steam turbines and associated generators, [\*\*\*] heat recovery steam generators (each including duct burner, selective catalytic reduction, and carbon monoxide catalyst), distributed control system, continuous emission monitoring system, water/steam cycle control valves, steam turbine bypass valves, ISO phase bus for generator output, water and steam cycle pumps, and all associated power island auxiliary systems (collectively, a "***Power Island***"); (ii) [\*\*\*] gas insulated switchgear (GIS) with associated SCADA, step-up and step-down transformers, switches, circuit breakers, [\*\*\*] steam turbine generator circuit breakers, protection and control relays and instrumentation (collectively, the "***Transformers and GIS***"); and (iii) the control and electrical integration engineering for the power island system, the processing of the Power Island technical documentation, the electrical system studies, [\*\*\*] e-houses, and an energy management system with integrated load-sharing, load-shedding and spinning reserve control (collectively, the "***Control and Electrical Integration Engineering and Equipment***", and together with the Power Island and the Transformers and GIS, the "***Power Island System***"), all as further described in Appendix C that is included in <u>Exhibit B</u>, which is attached hereto and incorporated by reference herein (the "***Standard Configuration***"). For the purposes of this Agreement: (x) for the First PIS Purchase Order, the Second

&nbsp;&nbsp;&nbsp;&nbsp;

------

PIS Purchase Order, the Third PIS Purchase Order, the Fourth PIS Purchase Order and the Fifth PIS Purchase Order, the "***Power Island System***" means the Power Island, the Transformers and GIS and the Control and Electrical Integration Engineering and Equipment, collectively; and (y) for the Sixth PIS Purchase Order (as defined below) and each subsequent PIS Purchase Order, the "***Power Island System***" means the Power Island and the Control and Electrical Integration Engineering and Equipment only, and for the avoidance of doubt excludes the Transformers and GIS.

WHEREAS, a Purchaser (as defined below) may select an alternative configuration of power island equipment, which may include one or more [\*\*\*] or [\*\*\*] gas turbines to meet Project power demand in excess of available utility-supplied power (if any) (an "***Alternative Configuration***");

WHEREAS, VGLNG, BH and VG Calcasieu Pass entered into that certain Letter of Agreement, dated as of July 13, 2016, as amended by Amendment No. 1 to Letter of Agreement, dated as of May 19, 2017, as further modified by a Letter Agreement, dated as of March 23, 2018, as amended by Amendment No. 2 to Letter of Agreement, dated as of July 30, 2018, as amended by Amendment No. 3 to Letter of Agreement, dated as of August 31, 2018, as amended by Amendment No. 4 to Letter of Agreement, dated as of September 13, 2018, as amended by Amendment No. 5 to Letter of Agreement, dated as of September 21, 2018, and as amended by Amendment No. 6 to Letter of Agreement, dated as of September 24, 2018 (as amended, restated or otherwise modified, the "***Original Letter of Agreement***");

WHEREAS, VGLNG and BH entered into that certain Amended and Restated Letter of Agreement, dated as of September 25, 2018, as amended by Amendment No. 1 to Amended and Restated Letter of Agreement, dated as of June 24, 2019, Amendment No. 2 to Amended and Restated Letter of Agreement, dated as of October 31, 2019, Amendment No. 3 to Amended and Restated Letter of Agreement, dated as of January 24, 2020, Amendment No. 4 to Amended and Restated Letter of Agreement, dated as of February 12, 2020, Amendment No. 5 to Amended and Restated Letter of Agreement, dated as of February 27, 2020, Amendment No. 6 to Amended and Restated Letter of Agreement, dated as of March 27, 2020, Amendment No. 7 to Amended and Restated Letter of Agreement, dated as of April 30, 2020, Amendment No. 8 to Amended and Restated Letter of Agreement, dated as of May 29, 2020, Amendment No. 9 to Amended and Restated Letter of Agreement, dated as of June 12, 2020, Amendment No. 10 to Amended and Restated Letter of Agreement, dated as of June 29, 2020, Amendment No. 11 to Amended and Restated Letter of Agreement, dated as of July 31, 2020, Amendment No. 12 to Amended and Restated Letter of Agreement, dated as of August 31, 2020, Amendment No. 13 to Amended and Restated Letter of Agreement, dated as of September 15, 2020, Amendment No. 14 to Amended and Restated Letter of Agreement, dated as of October 15, 2020, Amendment No. 15 to Amended and Restated Letter of Agreement, dated as of October 30, 2020, Amendment No. 16 to Amended and Restated Letter of Agreement, dated as of November 16, 2020, Amendment No. 17 to Amended and Restated Letter of Agreement, dated as of December 4, 2020, Amendment No. 18 to Amended and Restated Letter of Agreement, dated as of December 18, 2020, Amendment No. 19 to Amended and Restated Letter of Agreement, dated as of January 22, 2021, Amendment No. 20 to Amended and Restated Letter of Agreement, dated as of February 5, 2021, and Amendment No. 21 to Amended and Restated Letter of Agreement, dated as of February 19, 2021 (as amended, the "***First Amended and Restated Letter of Agreement***"), which replaced and superseded the Original Letter of Agreement in its entirety;

WHEREAS, VGLNG and BH entered into that certain Second Amended and Restated Letter of Agreement, dated as of February 26, 2021, as amended by Amendment No. 1 to Second Amended and Restated Letter of Agreement, dated as of January 19, 2022, and Amendment No. 2 to Second Amended and Restated Letter of Agreement, dated as of June 23, 2022, Amendment No. 3 to Amended and

&nbsp;&nbsp;&nbsp;&nbsp;

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Restated Letter of Agreement, dated as of July 6, 2022, Amendment No. 4 to Amended and Restated Letter of Agreement, dated as of July 21, 2022, and Amendment No. 5 to Amended and Restated Letter of Agreement, dated as of July 29, 2022 (as amended, the "***Second Amended and Restated Letter of Agreement***"), which replaced and superseded the First Amended and Restated Letter of Agreement in its entirety;

WHEREAS, VGLNG and BH entered into that certain Third Amended and Restated Letter of Agreement, dated as of September 26, 2022 (as amended, the "***Third Amended and Restated Letter of Agreement***"), which replaced and superseded the Second Amended and Restated Letter of Agreement in its entirety;

WHEREAS, VGLNG and BH entered into that certain Fourth Amended and Restated Letter of Agreement, dated as of April 7, 2023, as amended by Amendment No. 1 to the Fourth Amended and Restated Letter of Agreement, dated as of December 5, 2025, Amendment No. 2 to the Fourth Amended and Restated Letter of Agreement, dated as of December 18, 2025, Amendment No. 3 to the Fourth Amended and Restated Letter of Agreement, dated as of January 23, 2026, Amendment No. 4 to the Fourth Amended and Restated Letter of Agreement, dated as of January 27, 2026, Amendment No. 5 to the Fourth Amended and Restated Letter of Agreement, dated as of February 19, 2026 and Amendment No. 6 to the Fourth Amended and Restated Letter of Agreement, dates as of February 24, 2026 (as amended, the "***Fourth Amended and Restated Letter of Agreement***"), which replaced and superseded the Third Amended and Restated Letter of Agreement in its entirety;

WHEREAS, on September 25, 2018, VG Calcasieu Pass and BH entered into that certain (a) Purchase Order for the Sale of Liquefaction Train System (as amended, the "***First LTS Purchase Order***") and (b) Purchase Order for the Sale of Power Island System (as amended, the "***First PIS Purchase Order***");

WHEREAS, on February 26, 2021, VG Plaquemines and BH entered into that certain (a) Purchase Order for the Sale of Liquefaction Train System, as amended and restated by that certain Amended and Restated Purchase Order Contract for the Sale of Liquefaction Train System dated January 19, 2022 (as amended, the "***Second LTS Purchase Order***") and (b) Purchase Order for the Sale of Power Island System (as amended, the "***Second PIS Purchase Order***");

WHEREAS, on February 3, 2022, VG Plaquemines and BH entered into that certain Purchase Order for the Sale of Power Island System (as amended, the "***Third PIS Purchase Order***") for the purchase of a power island system, comprised of "***Tranche A***" and "***Tranche B***" (as such terms are defined in the Third PIS Purchase Order);

WHEREAS, August 5, 2022, VG Plaquemines and BH entered into that certain Purchase Order for the Sale of Liquefaction Train System (as amended, the "***Third LTS Purchase Order***");

WHEREAS, on April 7, 2023, VG CP2 LNG and BH entered into that certain Purchase Order for the Sale of Liquefaction Train System (as amended, the "***Fourth LTS Purchase Order***");

WHEREAS, on July 14, 2023, CP2 Procurement, LLC (as assignee of VG CP2 LNG) and BH entered into that certain Purchase Order for the Sale of Power Island System (as amended, the "***Fourth PIS Purchase Order***");

&nbsp;&nbsp;&nbsp;&nbsp;

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WHEREAS, on September 30, 2024, CP2 Procurement, LLC (as assignee of VG CP2 LNG) and BH entered into that certain Purchase Order for the Sale of Power Island System (as amended, the "***Fifth PIS Purchase Order***");

WHEREAS, on December 13, 2024, VG CP2 LNG and BH entered into that certain Purchase Order for the Sale of Liquefaction Train System (as amended, the "***Fifth LTS Purchase Order***");

WHEREAS, the Parties have mutually agreed that, commencing with the Sixth PIS Purchase Order: (i) VGLNG will directly procure the Transformers and GIS from a supplier other than Seller, and (ii) references herein to the PIS Purchase Order shall be deemed to refer to two separate purchase orders: (1) a Power Island purchase order contract, and (2) a Control and Electrical Integration Engineering and Equipment purchase order contract.

WHEREAS, on January 29, 2026, CP2 Development Co., LLC and BH entered into: (i) that certain Purchase Order for the Sale of Control and Electrical Integration Engineering and Equipment for the Power Island System, and (ii) that certain Purchase Order for the Sale of a Power Island (collectively, as amended, the "***Sixth PIS Purchase Order***");

WHEREAS, VGLNG, through its subsidiaries, may elect to expand the natural gas liquefaction capacity of the Calcasieu Pass Project, the Plaquemines LNG Project and/or the CP2 LNG Project (or any phase thereof) and/or develop additional natural gas liquefaction projects within or outside the United States of America, through the procurement of additional Liquefaction Train Systems and Power Island Systems (each, a "***Project***");

WHEREAS, VGLNG and BH desire to reserve or caused to be reserved dedicated manufacturing capacity for VGLNG and to agree on the price, schedule and other terms for the sale and delivery during the time periods described herein of (a) up to [\*\*\*] Liquefaction Trains manufactured by BH or its affiliates capable of producing in the aggregate no less than [\*\*\*] MTPA and (b) up to [\*\*\*] Power Island Systems in a Standard Configuration, which VGLNG or its designated affiliate, subsidiary, contractor or designee (each, a "***Purchaser***") confirm selection of such equipment for the Projects subject to the terms and conditions set forth herein;

WHEREAS, pursuant to the Unconditional Performance Obligations (as defined in each Purchase Order (as defined below) attached hereto) applicable to the Liquefaction Train System and the Power Island System, a Seller (as defined below) will, subject to the terms and conditions of the Purchase Orders, provide Purchaser with a process system performance guarantee with production and efficiency standards for each Project;

WHEREAS, VGLNG and BH desire to reserve or caused to be reserved additional manufacturing capacity, such that VGLNG, through its subsidiaries, may have the right to purchase additional Liquefaction Trains, on and subject to the terms and conditions set forth herein;

WHEREAS, BH, or where permitted herein the applicable affiliate or subsidiary of BH that is sufficiently qualified and capable of performing the relevant LTS Purchase Order or PIS Purchase Order, (BH or such affiliate or subsidiary, as applicable, a "***Seller***"), intends to supply to each Purchaser Seller equipment for deployment and installation worldwide, on and subject to the terms and conditions set forth herein; and

WHEREAS, VGLNG and BH desire to replace and supersede the Fourth Amended and Restated Letter of Agreement in its entirety, as set forth in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;

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NOW, THEREFORE, in consideration of the promises and the agreements in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, agree as follows:

**1.<u>MANUFACTURING CAPACITY</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1<u>Reservation of Dedicated Manufacturing Capacity for Liquefaction Train Systems and Power Island Systems</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Liquefaction Train Systems</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.In consideration of the obligations in this Agreement, BH shall cause to be reserved for VGLNG dedicated manufacturing capacity at BH's affiliated manufacturing facilities located in [\*\*\*] or [\*\*\*] (collectively, the "***Manufacturing Facilities***"), such that [\*\*\*] sets of [\*\*\*] Liquefaction Trains, each capable of producing in the aggregate no less than [\*\*\*] MTPA (each such set, a "***Liquefaction Train System***"), shall, except as provided in <u>Section 1.1(a)(xii)</u>, be manufactured at (x) the Manufacturing Facilities or (y) solely in the event that the Manufacturing Facilities are at the relevant time engaged in manufacturing Liquefaction Trains for one or more Purchasers and do not have sufficient capacity to manufacture all or part of a subsequent set of Liquefaction Trains, another, mutually agreed BH affiliated manufacturing facility located in [\*\*\*], and delivered to each applicable Purchaser in accordance with the delivery schedule set forth in <u>Section 2.2(a)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.The foregoing obligation to reserve manufacturing capacity at the Manufacturing Facilities shall expire, if at all, on [\*\*\*] (the "***Sixth LTS Order End Date***") if a Purchaser has not executed an additional LTS Purchase Order for one (1) Liquefaction Train System (the "***Sixth LTS Purchase Order***") on or before the Sixth LTS Order End Date, it being understood that a Purchaser may satisfy the foregoing by entering into two (2) separate purchase orders comprising the Sixth LTS Purchase Order: (i) a purchase order contract for [\*\*\*] Liquefaction Trains ("***LTS PO 6.1***") and (ii) a purchase order contract for [\*\*\*] Liquefaction Trains ("***LTS PO 6.2***").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii.If a Purchaser has executed the Sixth LTS Purchase Order on or before the Sixth LTS Order End Date, the foregoing obligation to reserve manufacturing capacity at the Manufacturing Facilities shall continue with respect to the [\*\*\*] remaining Liquefaction Train Systems, and shall expire, if at all, on [\*\*\*] (the "***Seventh LTS Order End Date***") if a Purchaser has not executed an additional LTS Purchase Order for [\*\*\*] Liquefaction Train System (the "***Seventh LTS Purchase Order***"), on or before the Seventh LTS Order End Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv.If a Purchaser has executed the Seventh LTS Purchase Order on or before the Seventh LTS Order End Date, the foregoing obligation to reserve manufacturing capacity at the Manufacturing Facilities shall continue with respect to the [\*\*\*] remaining Liquefaction Train Systems, and shall expire, if at all, on [\*\*\*] (the "***Eighth LTS Order End Date***") if a Purchaser has not executed an additional LTS Purchase Order for one (1) Liquefaction Train System (the "***Eighth LTS Purchase Order***") on or before the Eighth LTS Order End Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v.If a Purchaser has executed the Eighth LTS Purchase Order on or before the Eighth LTS Order End Date, the foregoing obligation to reserve manufacturing capacity at the Manufacturing Facilities shall continue with respect to the [\*\*\*] remaining Liquefaction Train Systems, and shall expire, if at all, on [\*\*\*] (the "***Ninth LTS Order End Date***") if a Purchaser has not executed an additional LTS Purchase Order for [\*\*\*] Liquefaction Train System (the "***Ninth LTS Purchase Order***"), on or before the Ninth LTS Order End Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi.If a Purchaser has executed the Ninth LTS Purchase Order on or before the Ninth LTS Order End Date, the foregoing obligation to reserve manufacturing capacity at the Manufacturing Facilities shall continue with respect to the [\*\*\*] remaining Liquefaction Train Systems, and shall expire, if at all, on [\*\*\*] (the "***Tenth LTS Order End Date***") if a Purchaser has not executed an additional LTS Purchase Order for [\*\*\*] Liquefaction Train System (the "***Tenth LTS Purchase Order***") on or before the Tenth LTS Order End Date.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii.If a Purchaser has executed the Tenth LTS Purchase Order on or before the Tenth LTS Order End Date, the foregoing obligation to reserve manufacturing capacity at the Manufacturing Facilities shall continue with respect to the [\*\*\*] remaining Liquefaction Train Systems, and shall expire, if at all, on [\*\*\*] (the "***Eleventh LTS Order End Date***") if a Purchaser has not executed an additional LTS Purchase Order for [\*\*\*] Liquefaction Train System (the "***Eleventh LTS Purchase Order***") on or before the Eleventh LTS Order End Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii.If a Purchaser has executed the Eleventh LTS Purchase Order on or before the Eleventh LTS Order End Date, the foregoing obligation to reserve manufacturing capacity at the Manufacturing Facilities shall continue with respect to the [\*\*\*] remaining Liquefaction Train Systems, and shall expire, if at all, on [\*\*\*] (the "***Twelfth LTS Order End Date***") if a Purchaser has not executed an additional LTS Purchase Order for [\*\*\*] Liquefaction Train System (the "***Twelfth LTS Purchase Order***") on or before the Twelfth LTS Order End Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ix.If a Purchaser has executed the Twelfth LTS Purchase Order on or before the Twelfth LTS Order End Date, the foregoing obligation to reserve manufacturing capacity at the Manufacturing Facilities shall continue with respect to [\*\*\*] remaining Liquefaction Train System and shall expire, if at all, on [\*\*\*] (the "***Final LTS Order End Date***" and, together with the Sixth LTS Order End Date, the Seventh LTS Order End Date, the Eighth LTS Order End Date, Ninth LTS Order End Date, the Tenth LTS Order End Date, the Eleventh LTS Order End Date, and the Twelfth LTS Order End Date, the "***LTS Order End Dates***") if a Purchaser has not executed an additional LTS Purchase Order for [\*\*\*] Liquefaction Train System (the "***Final LTS Purchase Order***), on or before the Final LTS Order End Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x.Not Used.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xi.Not Used

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xii.Each of BH and VGLNG acknowledges and agrees that a Purchaser shall be entitled to purchase a Liquefaction Train System pursuant to an LTS Purchase Order for installation in the United States of America or in a jurisdiction outside of the United States of America. In the event of any Liquefaction Train System to be installed in a jurisdiction outside of the United States of America, BH shall notify VGLNG of the Seller that will supply such Liquefaction Train System, and such Seller will become a party to this Agreement with respect to the applicable LTS Purchase Order pursuant to a mutually agreeable accession agreement. Notwithstanding anything to the contrary set forth in this Agreement (a) VGLNG shall notify BH of its intention to purchase a Liquefaction Train System pursuant to an LTS Purchase Order for installation outside of the United States of America at any time prior to the date that is [\*\*\*] months prior to such LTS Order End Date, and (b) the Purchaser and Seller shall cooperate with each other and discuss amendments and/or updates to the Liquefaction Train System Scope of Supply and configuration, the delivery terms and schedule, the LTS Purchase Price, the LTS Transportation Costs and the form of LTS Purchase Order that may be necessary and appropriate to reflect the specific site conditions, legal requirements, design codes and standards, natural gas composition or other identifiable and measurable factors adversely affecting the performance of the Liquefaction Train System in the relevant non-U.S. jurisdiction. If the Purchaser and Seller have not agreed upon a mutually acceptable Purchase Order for the Liquefaction Train System Scope of Supply, the delivery terms and schedule, the LTS Purchase Price, the LTS Transportation Costs and the form of LTS Purchase Order pursuant to the immediately preceding sentence by the relevant LTS Order End Date, then, without affecting BH's other obligations under this Agreement: (x) neither BH nor any other applicable Seller shall have an obligation to reserve or caused to be reserved manufacturing capacity for such Liquefaction Train System; (y) VGLNG and its subsidiaries and affiliates shall no longer be obligated to utilize BH or any other Seller for the manufacturing of such Liquefaction Train System; and (z) <u>Section 2.3(a)(v)</u> and <u>Section 2.3(a)(vi)</u> shall no longer be applicable with respect to such Liquefaction Train System.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xiii.If VGLNG, through its subsidiaries, decides to construct a Project comprised of [\*\*\*] Liquefaction Trains in respect of which a single Purchaser will enter [\*\*\*] LTS Purchase Orders, then each of the [\*\*\*] LTS Purchase Orders may be for a reconfigured Liquefaction Train System comprised of (i) [\*\*\*] or more Liquefaction Trains, in respect of the first LTS Purchase Order for such

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Project, and (ii) the remaining number of Liquefaction Trains in respect of the second LTS Purchase Order for such Project. In such event references to a "Liquefaction Train System" in clauses (ii) through (xi) of this <u>Section 1.1(a)</u> shall be treated as a reference to such reconfigured Liquefaction Train System.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Power Island Systems</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.In consideration of the obligations in this Agreement, BH shall cause to be reserved for VGLNG dedicated manufacturing capacity at a manufacturing facility of GE Vernova or one or more of its subsidiaries (acting as a subcontractor of the Seller), such that [\*\*\*] Power Island Systems shall be manufactured for the Seller by GE Vernova or one or more of its subsidiaries and delivered to each applicable Purchaser in accordance with the delivery schedule set forth in <u>Section 2.2(b)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.The foregoing reservation of manufacturing capacity shall continue with respect to such [\*\*\*] Power Island Systems and shall expire, if at all, on [\*\*\*] (the "***Seventh PIS Order End Date***") if a Purchaser has not executed an additional PIS Purchase Order for one (1) Power Island System, which at Purchaser's election may be comprised of Tranche A and Tranche B (the "***Seventh PIS Purchase Order***") on or before the Seventh PIS Order End Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii.If a Purchaser has executed the Seventh PIS Purchase Order on or before the Seventh PIS Order End Date, the foregoing reservation of manufacturing capacity shall continue with respect to the [\*\*\*] remaining Power Island Systems and shall expire, if at all, on [\*\*\*] (the "***Eighth PIS Order End Date***") if a Purchaser has not executed an additional PIS Purchase Order for [\*\*\*] Power Island System, which at Purchaser's election may be comprised of Tranche A and Tranche B (the "***Eighth PIS Purchase Order***") on or before the Eighth PIS Order End Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv.If a Purchaser has executed the Eighth PIS Purchase Order on or before the Eighth PIS Order End Date, the foregoing reservation of manufacturing capacity shall continue with respect to the [\*\*\*] remaining Power Island Systems and shall expire, if at all, on [\*\*\*] (the "***Ninth PIS Order End Date***") if a Purchaser has not executed an additional PIS Purchase Order for [\*\*\*] Power Island System, which at Purchaser's election may be comprised of Tranche A and Tranche B (the "***Ninth PIS Purchase Order***") on or before the Ninth PIS Order End Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v.If a Purchaser has executed the Ninth PIS Purchase Order on or before the Ninth PIS Order End Date, the foregoing reservation of manufacturing capacity shall continue with respect to the [\*\*\*] remaining Power Island Systems and shall expire, if at all, on [\*\*\*] (the "***Tenth PIS Order End Date***") if a Purchaser has not executed an additional PIS Purchase Order for [\*\*\*] Power Island System, which at Purchaser's election may be comprised of Tranche A and Tranche B (the "***Tenth PIS Purchase Order***") on or before the Tenth PIS Order End Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi.If a Purchaser has executed the Tenth PIS Purchase Order on or before the Tenth PIS Order End Date, the foregoing reservation of manufacturing capacity shall continue with respect to the [\*\*\*] remaining Power Island Systems and shall expire, if at all, on [\*\*\*] (the "***Eleventh PIS Order End Date***") if a Purchaser has not executed an additional PIS Purchase Order for [\*\*\*] Power Island System, which at Purchaser's election may be comprised of Tranche A and Tranche B (the "***Eleventh PIS Purchase Order***") on or before the Eleventh PIS Order End Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii.If a Purchaser has executed the Eleventh PIS Purchase Order on or before the Eleventh PIS Order End Date, the foregoing reservation of manufacturing capacity shall continue with respect to the [\*\*\*] remaining Power Island Systems and shall expire, if at all, on [\*\*\*] (the "***Twelfth PIS Order End Date***", and together with the Ninth PIS Order End Date, the Tenth PIS Order End Date, the Eleventh PIS Order End Date and the Twelfth PIS Order End Date, the "***Expansion PIS Order End Dates***", and, together with the Fourth PIS Order End Date, the Fifth PIS Order End Date, the Sixth PIS Order End Date, the Seventh PIS Order End Date and the Eighth PIS Order End Date, the "***PIS Order End Dates***") if a Purchaser has not executed an additional PIS Purchase Order for [\*\*\*] Power Island System, which at Purchaser's election may be comprised of Tranche A and Tranche B (the "***Twelfth PIS Purchase Order***") on or before the Twelfth PIS Order End Date.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii.If a Purchaser has executed the Twelfth PIS Purchase Order on or before the Twelfth PIS Order End Date, the foregoing reservation of manufacturing capacity shall continue with respect to [\*\*\*] remaining Power Island System and shall expire, if at all, on [\*\*\*] (the "***Final PIS Order End Date***") if a Purchaser has not executed an additional PIS Purchase Order for [\*\*\*] Power Island System, which at Purchaser's election may be comprised of Tranche A and Tranche B (the "***Final PIS Purchase Order***" and, together with the Ninth PIS Purchase Order, the Tenth PIS Purchase Order, the Eleventh PIS Purchase Order and the Twelfth PIS Purchase Order, the "***Expansion PIS Purchase Orders***") on or before the Final PIS Order End Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ix.BH shall, with respect to each Expansion PIS Purchase Order, be permitted to, at any time during the period commencing [\*\*\*] months prior to the Expansion PIS Order End Date relating to such Expansion PIS Purchase Order and ending [\*\*\*] months prior to such Expansion PIS Order End Date, notify VGLNG in writing that a material and adverse change in market conditions, including any changes in Power Island System design and/or scope necessary to meet design codes and/or standards in a location outside of the United States of America applicable to such Expansion PIS Purchase Order, including a material increase in material, labor and subcontractor costs that is not otherwise recoverable under the terms of this Agreement or such Expansion PIS Purchase Order, has occurred and as a direct result thereof Seller's performance under such Expansion PIS Purchase Order has been rendered commercially impracticable, such notice to include a reasonably detailed description of the changes in market conditions and the basis for BH's determination of such commercial impracticability. VGLNG shall, within [\*\*\*] days of its receipt of BH's notice, consider for acceptance BH's request, such acceptance not to be unreasonably withheld or delayed. The Parties or their applicable affiliates shall promptly meet and discuss in good faith such changes in market conditions and consider equitable adjustments to the relevant Expansion PIS Purchase Order that are necessary to restore their relative economic positions. If within [\*\*\*] days following VGLNG's receipt of BH's notice, VGLNG and Seller have not agreed upon mutually acceptable equitable adjustments to the relevant Expansion PIS Purchase Order that are necessary to restore their relative economic positions, then (w) VGLNG shall be deemed to have rejected BH's request, (x) neither BH nor the applicable Seller shall have an obligation to reserve or caused to be reserved manufacturing capacity for such Power Island System, (y) VGLNG, and its subsidiaries and affiliates shall no longer be obligated to utilize BH for the supply of such Power Island System and (z) <u>Section 2.3(b)(iv)</u> shall no longer be applicable with respect to such Power Island System

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x.Each of BH and VGLNG acknowledges and agrees that a Purchaser shall be entitled to purchase a Power Island System pursuant to a PIS Purchase Order, for installation in the United States of America or in a jurisdiction outside of the United States of America. In the event of any Power Island System to be installed in a jurisdiction outside of the United States of America, BH shall notify VGLNG of the Seller that will supply the Power Island and the Controls and Electrical Integration Engineering and Equipment, and such Seller (s) will become a party to this Agreement with respect to the applicable PIS Purchase Order pursuant to a mutually agreeable accession agreement. Notwithstanding anything to the contrary set forth in this Agreement, (a) VGLNG shall notify BH of its intention to purchase the Power Island System pursuant to a PIS Purchase Order, for installation outside of the United States of America any time prior to the date that is [\*\*\*] months prior to such PIS Order End Date, and (b) the Purchaser and Seller shall cooperate with each other and discuss amendments and/or updates to the Power Island System Scope of Supply and configuration, the PIS Purchase Price, the delivery schedule, the PIS Transportation Costs and the form of PIS Purchase Order that may be necessary and appropriate to reflect the specific site conditions, legal requirements, design codes and standards, natural gas composition or other identifiable and measurable factors adversely affecting the performance of the Power Island System in the relevant non-U.S. jurisdiction. If the Purchaser and Seller have not agreed upon a mutually acceptable Purchase Order for the Power Island System Scope of Supply and configuration, the delivery terms and schedule, the PIS Purchase Price, the PIS Transportation Costs and the form of PIS Purchase Order by the relevant PIS Order End Date, then, without affecting BH's other obligations under this Agreement: (x) neither BH nor any other applicable Seller shall have an obligation to cause to be reserved manufacturing capacity for such Power Island System; (y) VGLNG and its subsidiaries and affiliates shall no longer be obligated to utilize BH or any other Seller for the manufacturing supply of such Power Island System and (z) <u>Section 2.3(b)(iv)</u> shall no longer be applicable with respect to such Power Island System.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2<u>Previous Letters of Agreement</u>. The Parties hereby acknowledge and agree that:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Original Letter of Agreement was superseded in its entirety by the First Amended and Restated Letter of Agreement and is no longer of any force and effect as of September 25, 2018;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the First Amended and Restated Letter of Agreement was superseded in its entirety by the Second Amended and Restated Letter of Agreement and is no longer of any force and effect as of February 26, 2021;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Second Amended and Restated Letter of Agreement was superseded in its entirety by the Third Amended and Restated Letter of Agreement and is no longer of any force and effect as of September 26, 2022;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)the Third Amended and Restated Letter of Agreement was superseded in its entirety by the Fourth Amended and Restated Letter of Agreement and is no longer of any force and effect as of April 7, 2023;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)the Fourth Amended and Restated Letter of Agreement is hereby superseded in its entirety by this Agreement and is no longer of any force and effect as of the Effective Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)VGLNG shall retain all rights, title and interest to any work product or other deliverables produced by BH under the Original Letter of Agreement or the Letter of Intent dated as of December 10, 2015 between VG Calcasieu Pass and BH (the ***"Letter of Intent***"), other than work product and other deliverables produced by BH under the Letter of Intent for which BH was to be compensated under invoice number [\*\*\*] in the amount of [\*\*\*] that was issued by BH on April 19, 2016 under the Letter of Intent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)[\*\*\*]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3<u>Manufacturing Capacity for additional Liquefaction Trains</u>. In addition to the existing reservation of capacity set forth herein, BH agrees to reserve additional manufacturing capacity at the Manufacturing Facilities located in [\*\*\*], built or repurposed to be capable of manufacturing the Liquefaction Train Systems described in <u>Section 1.1(a)</u>, for a period starting on the Effective Date and ending on the Final LTS Order End Date or [\*\*\*], whichever occurs earlier (the "***Additional Reservation Period***") for the purchase of additional Liquefaction Trains on the following terms set forth below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)At any time during the Additional Reservation Period, VGLNG or the applicable Purchaser will have the right to purchase additional Liquefaction Train(s) under one or more purchase order ("LT Purchase Order(s)") that shall be negotiated in good faith by BH and VGLNG or the applicable Purchaser in accordance with the following: (i) each LT Purchase Order shall be for up to [\*\*\*] LTS Block (as defined below) and there must be [\*\*\*] bays available at the Manufacturing Facilities located at [\*\*\*] built or repurposed to be capable of manufacturing such LTS Block; and (ii) the issuance of such LT Purchase Order does not conflict or impact Seller's obligations under an LTS Purchase Order or the reservation of manufacturing capacity for the Liquefaction Train Systems described in <u>Section 1.1(a)</u> of this Agreement. Seller is obligated to demonstrate to Buyer if there are supplier conflicts that require an extended delivery time or other consideration by the Buyer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)VGLNG shall notify in writing to BH of its intent to purchase a LTS Block, in which case no later than [\*\*\*] from the date of VGLNG's notice (or such other time as mutually agreed by the Parties in writing), a Purchaser or VGLNG and BH shall negotiate in good faith and execute a definitive LT Purchase Order authorizing Seller to proceed with full scope of work under such agreement. The LT Purchase Order shall be mutually agreed by Seller and the applicable Purchaser and shall be substantially in the form of <u>Exhibit A</u> to this Agreement with required revisions, including changes to the Scope of Supply, the delivery terms and schedule, the purchase price (which shall be calculated based on the terms set forth in <u>Section 1.3(c)</u> subject to reasonable market-based adjustments), Transportation Costs, warranties and performance guarantees; provided that (i) delivery terms under LT Purchase Orders will be DDP (INCOTERMS 2020) the delivery point reasonably identified by VGLNG or the applicable Purchaser, subject to delivery delay liquidated damages and early completion bonus being assessed upon shipping of the applicable Liquefaction Trains from the Manufacturing Facilities located in [\*\*\*] and issuance and acceptance of a "Ready for Shipment/Mechanical Inspection Certificate", and (ii) the

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delivery date will be [\*\*\*] from the effective date of such LT Purchase Order. VGLNG and BH acknowledge and agree neither VGLNG, nor any Purchaser, shall be obligated to purchase or pay for, and neither BH nor any Seller shall be obligated to sell or supply any of the Additional Liquefaction Train, unless or until a definitive LT Purchase Order is executed by the applicable Purchaser and the applicable Seller. For the avoidance of doubt, failure to enter into a LT Purchase Order shall have no impact on BH's obligations under any LTS Purchase Orders, including with respect to delivery dates set forth in any such LTS Purchase Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The purchase price for each additional Liquefaction Train under an LT Purchase Order shall be calculated as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.If the LT Purchase Order is for the purchase of [\*\*\*] Liquefaction Trains, then the purchase price for each such additional Liquefaction Train will be an amount equal to [\*\*\*];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.If the LT Purchase Order is for the purchase of [\*\*\*] Liquefaction Trains, then the purchase price for each such additional Liquefaction Train will be an amount equal to [\*\*\*]; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii.If the LT Purchase Order is for the purchase of [\*\*\*] Liquefaction Trains, then the purchase price for each such additional Liquefaction Train will be an amount equal to [\*\*\*].

**2.<u>PURCHASE AND DELIVERY OF LIQUEFACTION TRAIN SYSTEMS AND POWER ISLAND SYSTEMS</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1<u>Purchase of the Liquefaction Train Systems and Power Island Systems</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Liquefaction Train Systems</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.One or more Purchasers intends to purchase from a Seller up to [\*\*\*] Liquefaction Train Systems (in addition to the Liquefaction Train Systems purchased pursuant to the First LTS Purchase Order, the Second LTS Purchase Order, the Third LTS Purchase Order, the Fourth LTS Purchase Order, and the Fifth LTS Purchase Order) capable of producing no less than [\*\*\*] MTPA pursuant to one (1) or more LTS Purchase Orders, subject to the terms and conditions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.BH and VGLNG intend that the applicable Seller and the applicable Purchaser shall, upon the election by VGLNG, execute one (1) or more LTS Purchase Orders for: (i) the sixth Liquefaction Train System on or before the Sixth LTS Order End Date; (ii) the seventh Liquefaction Train System on or before the Seventh LTS Order End Date; (iii) the eighth Liquefaction Train System on or before the Eighth LTS Order End Date; (iv) the ninth Liquefaction Train System on or before the Ninth LTS Order End Date; (v) the tenth Liquefaction Train System on or before the Tenth LTS Order End Date; (vi) the eleventh Liquefaction Train System on or before the Eleventh LTS Order End Date; (vii) the twelfth Liquefaction Train System on or before the Twelfth LTS Order End Date; and (viii) the thirteenth Liquefaction Train System on or before the Final LTS Order End Date, in each case, for delivery of such Liquefaction Train Systems to the relevant Project designated by Purchaser in accordance with the relevant LTS Purchase Order and the delivery schedule set forth in <u>Section 2.2(a)</u>. Notwithstanding <u>Section 2.2(a)(i)</u>, VGLNG and BH acknowledge and agree that, subject to <u>Section 2.3(a)(v)</u>, neither VGLNG, nor any Purchaser, shall be obligated to purchase or pay for and, without prejudice to its obligations under <u>Section 1</u>, neither BH nor any Seller shall be obligated to sell or supply any of the Liquefaction Train Systems, unless or until a definitive LTS Purchase Order is executed by the applicable Purchaser and the applicable Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Power Island Systems</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.One or more Purchasers intends to purchase from the applicable Sellers up to [\*\*\*] Power Island Systems (in addition to Power Island Systems purchased pursuant to the First PIS Purchase Order, the Second PIS Purchase Order, the Third PIS Purchase Order, the Fourth PIS Purchase Order, the Fifth PIS Purchase Order, and the Sixth PIS Purchase Order) pursuant to one (1) or more PIS Purchase Orders, subject to the terms and conditions of this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.BH and VGLNG intend the applicable Seller and the applicable Purchaser shall, upon the election by VGLNG, execute one (1) or more PIS Purchase Orders for: (i) the seventh Power Island System on or before the Seventh PIS Order End Date; (ii) the eighth Power Island System on or before the Eighth PIS Order End Date; (iii) the ninth Power Island System on or before the Ninth PIS Order End Date; (iv) the tenth Power Island System on or before the Tenth PIS Order End Date; (v) the eleventh Power Island System on or before the Eleventh PIS Order End Date; (vi) the twelfth Power Island System on or before the Twelfth PIS Order End Date; and (vii) the thirteenth Power Island System on or before the Final PIS Order End Date, in each case, for delivery of such Power Island System to the relevant Project designated by a Purchaser to a Seller in accordance with the relevant PIS Purchase Order and the delivery schedule set forth in <u>Section 2.2(b)</u> (in each case as adjusted for an Alternative Configuration). Notwithstanding <u>Section 2.1(b)(i)</u>, VGLNG and BH acknowledge and agree that, subject to <u>Section 2.3(b)(iv)</u>, neither VGLNG nor any Purchaser shall be obligated to purchase or pay for, and neither BH nor any Seller shall be obligated to sell or supply, any of the Power Island Systems unless or until a definitive PIS Purchase Order is executed by the applicable Purchaser and the applicable Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2<u>Schedule for Delivery of the Liquefaction Train Systems and Power Island Systems</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Liquefaction Train Systems.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.The delivery schedule for the Liquefaction Trains assumes that a limited notice to proceed pursuant to Appendix A attached to <u>Exhibit A</u> of this Agreement ("***LTS LNTP***") will be issued authorizing the scope of services included in such LTS LNTP, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;with respect to the Sixth LTS Purchase Order: (i) for LTS PO 6.1, on the date of execution of LTS PO 6.1, with LTS FNTP to be issued within [\*\*\*] of the date of execution of LTS PO 6.1; and (ii) for LTS PO 6.2, no later than [\*\*\*], with LTS FNTP to be issued no later than [\*\*\*].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;with respect to the Seventh LTS Purchase Order and each subsequent LTS Purchase Order, no later than [\*\*\*] prior to the issuance of the full notice to proceed authorizing the applicable Seller to proceed with the full scope of work under such LTS Purchase Order ("***LTS FNTP***"). If the LTS LNTP is issued less than [\*\*\*] prior to the issuance of the LTS FNTP under a LTS Purchase Order, the delivery schedule for such LTS Purchase Order shall be extended day for day for each day the LTS LNTP was issued less than [\*\*\*] prior to the issuance of the LTS FNTP. VGLNG and BH acknowledge and agree that the amounts payable with respect to the services performed under the LTS LNTP for a LTS Purchase Order, not including any amount that may be due in connection with a termination of the LTS Purchase Order, shall be payable in accordance with the payment schedule set forth in Appendix B to <u>Exhibit A</u> of this Agreement and shall not exceed [\*\*\*]. The scope of the applicable Seller's services under the LTS LNTP is described in Appendix C that is included in <u>Exhibit A</u>, which is attached hereto and incorporated by reference herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.VGLNG and BH acknowledge that the Liquefaction Trains will be delivered when completed on a specific schedule that requires continuous and regular deliveries. While initial delivery dates may vary and are ultimately subject to the terms of the applicable LTS Purchase Order, the applicable Seller will deliver the Liquefaction Trains under such LTS Purchase Order as follows: (i) the [\*\*\*]Liquefaction Trains under such LTS Purchase Order within [\*\*\*] following the LTS FNTP date of such LTS Purchase Order; (ii) each subsequent set of [\*\*\*] Liquefaction Trains under such LTS Purchase Order will be delivered between [\*\*\*] and [\*\*\*] after the delivery date of the preceding set of [\*\*\*] Liquefaction Trains until the total quantity of Liquefaction Trains under such LTS Purchase Order is complete. The delivery schedule under each LTS Purchase Order shall ensure that at least [\*\*\*] exist between the delivery date of the [\*\*\*] Liquefaction Trains of an LTS Purchase Order and the delivery

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date of the [\*\*\*] Liquefaction Trains of the subsequent LTS Purchase Order; provided however in the event that delivery dates under an LTS Purchase Order, as scheduled pursuant to the immediately preceding sentence, overlap with or occur prior to the date that is [\*\*\*] after the delivery date of the [\*\*\*] Liquefaction Trains under the preceding LTS Purchase Order, the Parties shall negotiate in good faith the delivery dates under such subsequent LTS Purchase Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii.As applicable under an LTS Purchase Order, if Seller identifies specific supply chain constraints to any Major Component (as such term is defined in <u>Section 3.2</u>) in such LTS Purchase Order, Seller shall have the right to demonstrate those concerns to Buyer no later than thirty (30) days prior to expected date of issuance of such LTS Purchase Order, and Buyer and Seller shall reasonably negotiate in good faith the scope, schedule and amount to be paid under the LTS LNTP under such LTS Purchase Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv.With respect to each LTS Purchase Order, BH and the applicable Purchaser shall negotiate in good faith adjustments to the structure and timing of payment of, without modification to the aggregate amount of, any bonus for early delivery described in clause 6.7 of Appendix A attached to <u>Exhibit A</u> of this Agreement. For the Sixth LTS Purchase Order, the early delivery bonus shall not exceed [\*\*\*], and for the Seventh LTS Purchase Order and each subsequent LTS Purchase Order, the early delivery bonus shall not exceed [\*\*\*] per Liquefaction Train for the first [\*\*\*] Liquefaction Trains of each LTS Purchase Order and [\*\*\*] per Liquefaction Train for the remaining Liquefaction Trains of each LTS Purchase Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Power Island Systems</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.The delivery schedule for the Power Island System assumes that a limited notice to proceed pursuant to Appendix A attached to <u>Exhibit B</u> of this Agreement ("***PIS LNTP***") will be issued authorizing the scope of services included in such PIS LNTP with respect to the applicable PIS Purchase Order for a Power Island System no later than [\*\*\*] prior to the issuance of the full notice to proceed authorizing the applicable Seller to proceed with the full scope of work under such PIS Purchase Order ("***PIS FNTP***"). If the PIS LNTP is issued less than [\*\*\*] prior to the issuance of the PIS FNTP, the delivery schedule for the applicable PIS Purchase Order shall be extended day for day for each day the PIS LNTP was issued less than [\*\*\*] prior to the issuance of the PIS FNTP. VGLNG and BH acknowledge and agree that the amounts payable with respect to the services performed under the PIS LNTP for a PIS Purchase Order, not including any amount that may be due in connection with a termination of the PIS Purchase Order, shall be payable in accordance with the payment schedule set forth in Appendix B to <u>Exhibit B</u> of this Agreement and shall not exceed [\*\*\*]. The scope of the applicable Seller's services under the PIS LNTP is described in Appendix C that is included in <u>Exhibit B</u>, which is attached hereto and incorporated by reference herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.While initial delivery dates may vary and are ultimately subject to the terms of the applicable PIS Purchase Order, the applicable Seller will deliver the Power Island System under such PIS Purchase Order as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;&nbsp;&nbsp;&nbsp;For the Power Island: (i) the first gas turbine and generator set under such PIS Purchase Order within [\*\*\*] following the PIS FNTP date of such PIS Purchase Order; (ii) the second gas turbine generator set under such PIS Purchase Order within [\*\*\*] following the PIS FNTP date of such PIS Purchase Order; (iii) the third gas turbine generator set under such PIS Purchase Order within [\*\*\*] following the PIS FNTP date of such PIS Purchase Order; (iv) the fourth gas turbine generator set under such PIS Purchase Order within [\*\*\*] following the PIS FNTP date of such PIS Purchase Order; (v) the final gas turbine generator set under such PIS Purchase Order within [\*\*\*] following the PIS FNTP date of such PIS Purchase Order; (vi) the first steam turbine generator set under such PIS Purchase Order within [\*\*\*] following the PIS FNTP date of such PIS Purchase Order; (vii) the second steam turbine generator set under such PIS Purchase Order within [\*\*\*]

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following the PIS FNTP date of such PIS Purchase Order; and (viii) the remaining equipment as defined in Appendix C of the applicable PIS Purchase Order; provided, however, that the delivery schedule for the Power Island is subject to the PIS LNTP conditions set forth in <u>Section 2.2(b)(i)</u> and to adjustment as provided in the applicable PIS Purchase Order. In the event delivery dates for a Simple Cycle Component or Other Component (such terms are defined in the applicable PIS Purchase Orders) under a PIS Purchase Order overlap with or occur within [\*\*\*] of the delivery date of the last equivalent Simple Cycle Component or Other Component under the preceding PIS Purchase Order, the parties shall negotiate in good faith the delivery dates under such subsequent PIS Purchase Order; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;&nbsp;&nbsp;&nbsp;For the Control and Electrical Integration Engineering and Equipment: (i) the first e-house under such PIS Purchase Order within [\*\*\*] following the PIS FNTP date of such PIS Purchase Order; (ii) the second e-house under such PIS Purchase Order within [\*\*\*] following the PIS FNTP date of such PIS Purchase Order; and (iii) the remaining equipment as defined in Appendix C of the applicable PIS Purchase Order; provided, however, that the delivery schedule for the Control and Electrical Integration Engineering and Equipment is subject to the PIS LNTP conditions set forth in <u>Section 2.2(b)(i)</u> and to adjustment as provided in the applicable PIS Purchase Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii.As applicable under a PIS Purchase Order for the Power Island, if Seller identifies specific supply chain constraints to the Simple Cycle Components or Other Components in such PIS Purchase Order, Seller shall have the right to demonstrate those concerns to Buyer no later than thirty (30) days prior to expected date of issuance of such PIS Purchase Order, and Buyer and Seller shall reasonably negotiate in good faith the scope, schedule and amount to be paid under the PIS LNTP under such PIS Purchase Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv.With respect to the Seventh PIS Purchase Order and each subsequent PIS Purchase Order for the Power Island, upon the request of VGLNG, the applicable Purchaser and the applicable Seller agree to negotiate in good faith the design, scope, delivery schedule and price of an Alternative Configuration to be supplied by the applicable Seller for all or part of the power demand in excess of utility-supplied power for the relevant Project, which Alternative Configuration shall be priced on non-discriminatory, market terms for such Alternative Configuration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3<u>Purchase Price for the Liquefaction Train Systems and Power Island Systems</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Liquefaction Train Systems</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.The Sixth LTS Purchase Order purchase price shall be as follows, inclusive of all applicable change orders executed for LTS purchase orders prior to [\*\*\*]:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;[\*\*\*], not subject to escalation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;[\*\*\*], subject to escalation per section 1 of <u>Exhibit D</u> of this Agreement, from [\*\*\*], until issuance of [\*\*\*].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.For the Seventh LTS Purchase Order and each subsequent LTS Purchase Order, the purchase price for each Liquefaction Train System (the "***LTS Purchase Price***") shall be [\*\*\*], inclusive of all applicable change orders executed for LTS purchase orders prior to [\*\*\*].

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii.The applicable Seller shall deliver each Liquefaction Train DDP the marine offloading facility(ies) adjacent to the Project site as designated by Purchaser to Seller for the items to be delivered by barge (Incoterms 2020) and DDP the Project site for the items to be delivered by truck (Incoterms 2020), as specified in the relevant LTS Purchase Order (each, a "***Delivery Point***"). The items will be supplied to the relevant jurisdiction in which they will be installed, cleared through customs and duty-paid for use in that jurisdiction. The LTS Purchase Price shall not include: (i) any duties paid by the applicable Seller to deliver each Liquefaction Train to the Delivery Point ("***LTS Duties***"); (ii) any reimbursable tariffs paid by the applicable Seller to deliver each Liquefaction Train to the Delivery Point ("***LTS Reimbursable Tariffs***"); or (iii) any physical transportation costs, exclusive of insurance costs and taxes associated with physical transportation costs other than LTS Duties, for each such Liquefaction Train ("***LTS Transportation Costs***"). Purchaser shall reimburse the applicable Seller pursuant to the LTS Purchase Order requirements for all reasonable, documented out-of-pocket LTS Duties, LTS Reimbursable Tariffs, and LTS Transportation Costs incurred by the applicable Seller, plus a fixed fee of [\*\*\*], for the applicable Seller's management of the Liquefaction Train deliveries (divided proportionally based upon delivery of each Liquefaction Train and payable by Purchaser monthly). LTS Transportation Costs, inclusive of the fixed fee and exclusive of LTS Reimbursable Tariffs, shall, subject to the following two sentences, not exceed [\*\*\*] in the aggregate; provided that the applicable Seller has made commercially reasonable efforts to obtain competitive transportation pricing terms and to minimize transportation costs. When the actual amount of LTS Transportation Costs reaches [\*\*\*] of the not to exceed amount of LTS Transportation Costs amount set forth above and Seller reasonably estimates that the aggregate Transportation Costs may exceed such not to exceed amount of LTS Transportation Costs, Seller shall notify the applicable Purchaser and provide an estimate of the remaining LTS Transportation Costs anticipated to complete the Liquefaction Train System deliveries under the applicable LTS Purchase Order. Purchaser will reasonably consider an adjustment to the not to exceed LTS Transportation Costs; provided that any such increase in the LTS Transportation Costs shall be mutually agreed in a change order to such LTS Purchase Order. At least [\*\*\*] prior to the delivery of the first Liquefaction Train under a LTS Purchase Order, the applicable Seller shall provide to Purchaser for Purchaser's review and approval a plan for the delivery of the Liquefaction Trains, in accordance with the delivery schedule, including the identity of the transportation vendors and the estimated LTS Transportation Costs for such LTS Purchase Order, such approval not to be unreasonably withheld, conditioned or delayed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv.The LTS Purchase Price for each LTS Purchase Order shall be firm and not subject to any adjustments, other than increases or decreases in the LTS Purchase Price resulting from (i) [\*\*\*], (ii) [\*\*\*], (iii) by an additional amount based upon changes in labor and commodities indices in accordance with <u>Exhibit D</u>, which is attached hereto and incorporated by reference herein, (iv) a foreign exchange adjustment to such LTS Purchase Price in accordance with <u>Exhibit E</u>, which is attached hereto and incorporated by reference herein, and (v) after the execution of such LTS Purchase Order, any adjustment pursuant to the terms and conditions of such LTS Purchase Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v.The obligation for holding the price and delivery schedule for the Liquefaction Train Systems in accordance with this Agreement is subject to and contingent, (i) for the sixth Liquefaction Train System, on a Purchaser executing the Sixth LTS Purchase Order, and (ii) for each subsequent Liquefaction Train System, on Purchaser executing each of the LTS Purchase Orders after the Sixth LTS Purchase Order that relate to a Liquefaction Train System that precedes such subsequent Liquefaction Train System, in each case, within the timeframes detailed in <u>Section 1.1(a)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi.Subject to <u>Section 1.1(a)(ix)</u>, in exchange for BH performing all of its obligations under this Agreement and provided that no BH event of default has occurred and is continuing under this Agreement, if VGLNG, through its subsidiaries, commences construction of a Project that is intended to produce an amount of liquefied natural gas for off-take from such Project that has the design capacity of the Liquefaction Train System described in Appendix C to the LTS Purchase Order: (i) such Project shall utilize a Liquefaction Train System manufactured by BH, its affiliates or BH's designee and VGLNG shall not, directly or through a subsidiary, affiliate, or other entity, utilize a Liquefaction Train System manufactured by an entity other than BH, its affiliates or BH's designee for such Project, and (ii) if the project is in the United States of America, VGLNG shall cause such Project owner to specify such Liquefaction Train System manufactured by BH or its designee as part of the Federal Energy Regulatory Commission ("***FERC***") filings for such Project. Upon receiving a written request by BH, VGLNG shall

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make available to BH, to the extent permissible to do so, copies of the FERC filings for any such Project evidencing inclusion of the Liquefaction Train System manufactured by BH as part of the FERC filings for such Project.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii.In exchange for BH performing all of its obligations under this Agreement and provided that no BH event of default has occurred and is continuing under this Agreement, if VGLNG, through its subsidiaries, decides to construct a Project that is intended to produce an amount of liquefied natural gas for off-take from such Project that is less or more than [\*\*\*] MTPA and that does not have the design capacity of the Liquefaction Train System described in Appendix C to the LTS Purchase Order, then the LTS Purchase Price will be adjusted as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.If the reconfigured Liquefaction Train System will be comprised of between [\*\*\*] each (each such block, a "***LTS Block***"), then the purchase price for the reconfigured Liquefaction Train System under the applicable LTS Purchase Order will be equal to [\*\*\*];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.If the reconfigured Liquefaction Train System will be comprised of between [\*\*\*], then the purchase price for the reconfigured Liquefaction Train System under the applicable LTS Purchase Order will be equal to [\*\*\*]; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.If the reconfigured Liquefaction Train System will be comprised of [\*\*\*], then the purchase price for the reconfigured Liquefaction Train System under the applicable LTS Purchase Order will be equal to [\*\*\*].

In such a circumstance, (1) [\*\*\*], and (2) if the project is in the United State of America, VGLNG shall cause such Project owner to specify [\*\*\*]. Upon receiving a written request by BH, VGLNG shall make available to BH, to the extent permissible to do so, copies of the FERC filings for any such Project evidencing inclusion of the Liquefaction Train System manufactured by BH or its affiliate as part of the FERC filings for such Project.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii.BH represents and warrants to VGLNG that Appendix C to the LTS Purchase Order (the "***Liquefaction Train System Scope of Supply***") includes all of the necessary obligations that are required to be performed by the applicable Seller in order for each of the Liquefaction Train Systems to operate in accordance with the requirements of the LTS Purchase Order and satisfy the design codes, standards and the performance guarantees set forth in the LTS Purchase Order. Notwithstanding <u>Section 2.3(a)(ii)</u>, BH and VGLNG acknowledge and agree that the Liquefaction Train System Scope of Supply describes the items for the Liquefaction Train System being provided in general, but not in complete detail. BH and VGLNG agree that any specific items not set forth in the Liquefaction Train System Scope of Supply, or any details or clarifications thereto, that are required in order to satisfy the requirements of the LTS Purchase Order or to satisfy the design codes, standards and the performance guarantees set forth therein, in each case, will not be considered changes to the Liquefaction Train System Scope of Supply, unless they are explicitly excluded from the Liquefaction Train System Scope of Supply, are changes to the basis of design directed by Purchaser or changes pursuant to the change order process of the LTS Purchase Order and [\*\*\*] The Parties acknowledge and agree that the Liquefaction Train System Scope of Supply contains certain single-line diagrams, pipe and instrumentation diagrams and other diagrams and drawings that will change as a Seller completes its engineering of the Liquefaction Train System and that any change to such diagrams and drawings, which are not the result of changes to the basis of design directed by Purchaser or changes made pursuant to the change order process of the LTS Purchase Order, will not be changes that will entitle either the applicable Purchaser or the applicable Seller to an increase in the LTS Purchase Price or an extension of the delivery schedule for the Liquefaction Train System under the LTS Purchase Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Power Island Systems</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.The purchase price for each Power Island System in a Standard Configuration (the "***PIS Purchase Price***") under a PIS Purchase Order shall be [\*\*\*]. VGLNG and the applicable Seller shall negotiate in good faith the pricing for an Alternative Configuration of the Power Island System in accordance with <u>Section 2.2(b)(iii)</u> if such Alternative Configuration is selected by a Purchaser. The

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applicable Seller shall deliver each Power Island System DDP to the applicable Delivery Point (Incoterms 2020). The PIS Purchase Price shall not include: (i) any duties paid by the applicable Seller to deliver each Power Island System to the Delivery Point ("***PIS Duties***"); (ii) any reimbursable tariffs paid by the applicable Seller to deliver each Power Island System to the Delivery Point ("***PIS Reimbursable Tariffs***"); or (iii) any physical transportation costs, exclusive of insurance costs and taxes associated with physical transportation costs other than PIS Duties, for each such Power Island System ("***PIS Transportation Costs***"). The items will be supplied to the relevant jurisdiction in which they will be installed, cleared through customs and duty-paid for use in that jurisdiction. Purchaser shall reimburse the applicable Seller pursuant to the PIS Purchase Order requirements for all reasonable, documented out-of-pocket PIS Duties, PIS Reimbursable Tariffs, and PIS Transportation Costs incurred by the applicable Seller, plus a fixed fee of [\*\*\*] for the applicable Seller's management of the Power Island deliveries, plus [\*\*\*] for the applicable Seller's management of the Control and Electrical Integration Engineering and Equipment deliveries. PIS Transportation Costs, inclusive of the fixed fee and exclusive of PIS Reimbursable Tariffs, shall, subject to the following two sentences, not exceed [\*\*\*] in the aggregate for the Power Island and [\*\*\*] in the aggregate for the Control and Electrical Integration Engineering and Equipment, respectively, provided that the applicable Seller has made commercially reasonable efforts to obtain competitive transportation pricing terms and to minimize transportation costs. When the actual amount of PIS Transportation Costs reaches [\*\*\*] of the not to exceed amount of PIS Transportation Costs amount set forth above and Seller reasonably estimates that the aggregate PIS Transportation Costs may exceed such not to exceed amount of PIS Transportation Costs, Seller shall notify the applicable Purchaser and provide an estimate of the remaining PIS Transportation Costs anticipated to complete the Power Island System deliveries under the applicable PIS Purchase Order. Purchaser will reasonably consider an adjustment to the not to exceed PIS Transportation Costs; provided that any such increase in the PIS Transportation Costs shall be mutually agreed in a change order to such PIS Purchase Order. At least six (6) months prior to the delivery of the first component under a PIS Purchase Order, the applicable Seller shall provide to Purchaser for Purchaser's review and approval a plan for the delivery of the Power Island System, in accordance with the delivery schedule, including the identity of the transportation vendors and the estimated PIS Transportation Costs for such PIS Purchase Order, such approval not to be unreasonably withheld, conditioned or delayed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.The PIS Purchase Price for each PIS Purchase Order shall be firm and not subject to any adjustments, other than increases or decreases in the PIS Purchase Price resulting from (i) [\*\*\*], (ii) [\*\*\*], (iii) by an additional amount based upon changes in labor and commodities indices in accordance with <u>Exhibit D</u>, (iv) a foreign exchange adjustment to such PIS Purchase Price in accordance with <u>Exhibit E</u>, (v) adjustments related to the selection of an Alternative Configuration and (vi) after the execution of the applicable PIS Purchase Order, an adjustment pursuant to the terms and conditions of such PIS Purchaser Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii.The obligation for holding the price and delivery schedule for the Power Island System in accordance with this Agreement as the same may be adjusted for any Alternative Configuration, and is further subject to and contingent (i) for the Seventh Power Island System, on a Purchaser executing the Seventh PIS Purchase Order and (ii) for each subsequent Power Island System, on Purchaser executing each of the PIS Purchase Orders after the Seventh PIS Purchase Order that relate to a Power Island System that precedes such subsequent Power Island System, in each case, within the timeframes detailed in <u>Section 1.1(b)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv.In exchange for BH performing all of its obligations under this Agreement and provided that no BH event of default has occurred and is continuing under this Agreement, if VGLNG, through its subsidiaries, purchases a Liquefaction Train System for a Project that has the design capacity of the Liquefaction Train System described in Appendix C to the LTS Purchase Order, [\*\*\*]; however, if such Project does not have the design capacity of the Liquefaction Train System described in Appendix C to the LTS Purchase Order then [\*\*\*].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v.BH represents and warrants to VGLNG that Appendix C to the PIS Purchase Order (the "***Power Island System Scope of Supply***") includes all of the necessary obligations that are required to be performed by an applicable Seller in order for each of the Power Island Systems to operate in accordance with the requirements of the PIS Purchase Order and satisfy the design codes, standards and the performance guarantees set forth in the PIS Purchase Order. Notwithstanding <u>Section 2.3(b)(ii)</u>,

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BH and VGLNG acknowledge and agree that the Power Island System Scope of Supply describes the items for the Power Island System being provided in general, but not in complete detail. BH and VGLNG agree that any specific items not set forth in the Power Island System Scope of Supply, or any details or clarifications thereto, that are required in order to satisfy the requirements of the PIS Purchase Order or to satisfy the design codes, standards and the performance guarantees set forth therein, in each case, will not be considered changes to the Power Island System Scope of Supply, unless they are explicitly excluded from the Power Island System Scope of Supply, or are changes to the basis of design as directed by Purchaser, or are changes pursuant to the change order requirements of the PIS Purchase Order and, both [\*\*\*].

**3.<u>ADDITIONAL AGREEMENTS</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1<u>FEED Services</u>. BH acknowledges that as the equipment supplier for the Projects, a Seller will be expected to enter into subcontracts (provided that such subcontracts have commercial, technical and other terms and conditions reasonably acceptable to and approved by the Seller) with certain contractors designated by VGLNG that will be parties to the FEED agreements and engineering, procurement and construction agreements for each Project (each, an "***Owner Contractor***") related to the provision of FEED services for the Projects. In order to ensure coordination between the applicable Project owner and the Seller with respect to such subcontracts, BH, for itself and its affiliates and subsidiaries, shall not enter into any arrangement with any Owner Contractor that (a) is inconsistent with any of the terms and conditions contained in the Agreement or any LTS Purchase Order or PIS Purchase Order, or (b) in any way restricts or seeks to restrict VGLNG or the applicable Project owner's selection of an Owner Contractor for a Project that will utilize the Liquefaction Trains or Power Island Systems, such as a transaction pursuant to which a Seller agrees with an Owner Contractor that Seller will not supply Liquefaction Trains or Power Island Systems to any purchaser that does not engage such Owner Contractor, in each case, without the prior written consent of VGLNG.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2<u>Major Components</u>. In cases where the applicable Seller is not the manufacturer or the supplier of Major Components, BH acknowledges and agrees that VGLNG or the applicable Purchaser shall have the right to consent to and approve the supplier of each major component of equipment comprising the (a) Liquefaction Train Systems [\*\*\*], (b) Power Island Systems [\*\*\*], (c) pressure transmitters, flow transmitters, automated control or isolation valves greater than [\*\*\*] and associated actuators for both the Liquefaction Train Systems and Power Island Systems (in the case of (a), (b), an (c), each, a "***Major Component***"). To assist VGLNG or the applicable Purchaser in the selection of Major Components, for each potential vendor or supplier of a Major Component the applicable Seller will provide VGLNG or the applicable Purchaser with access to: (1) the identity of the potential vendor or supplier; (2) the delivery and schedule terms for the Major Component; (3) in the case of the [\*\*\*], the price negotiated by the applicable Seller for such Major Components; and (4) all technical and performance information for each Major Component requested by VGLNG or the applicable Purchaser. To the extent a Major Component supplier is changed based on a VGLNG or Purchaser directive and, as a result of such change in Major Component supplier, the applicable Seller incurs a documented incremental increase in the price of the Major Component or delay in the delivery of the Major Component that adversely affects the delivery schedule for the Liquefaction Trains or the Power Island Systems, the applicable Seller shall receive an equitable adjustment in the purchase price and delivery schedule for the applicable Liquefaction Train or Power Island System.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3<u>Field Services</u>. BH acknowledges and agrees that, upon the election by VGLNG or the applicable Purchaser, in its discretion, BH or one or more of its affiliates and the applicable Project owner shall enter into a field services agreement for the provision of installation, commissioning, start-up, testing, operational training and operation and maintenance services ("***Field Services Agreement***") for each Project, in substantially the form of the Field Services Agreement dated July 17, 2025 between CP2 Procurement, LLC and BH.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4<u>Long-term Service Agreement</u>. BH acknowledges and agrees that, upon the election by VGLNG or the applicable Purchaser, in its discretion, BH or one or more of its affiliates and the applicable Project owner shall enter into a long-term service agreement ("***Long-Term Service Agreement***") for the provision of long-term maintenance services for the Liquefaction Train Systems and

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Power Island Systems contemplated herein, in substantially the form of the Long Term Services Agreement dated as of December 8, 2022 between VG Calcasieu Pass and BH.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5<u>Additional Power Generation.</u> In the event that a Purchaser requires additional permanent power generation for a Project, VGLNG shall request, on behalf of such Purchaser, and BH shall provide a commercial quotation for the supply of additional power generation equipment by BH or a Seller. Upon Purchaser's notice (in its sole discretion), Purchaser and Seller shall negotiate in good faith the inclusion of the supply of any such additional power generation equipment in the applicable PIS Purchase Order, including any special terms and conditions that may be required for such scope of supply; provided for the avoidance of doubt that the relevant Purchaser shall have no obligation to purchase such additional power generation from BH or a Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6<u>Term</u>. This Agreement shall become effective on the date of execution hereof by all of the Parties and shall continue in full force and effect until the earliest of: (i) the expiration of BH's obligation to maintain manufacturing capacity pursuant to <u>Section 1.1(a)(ii)</u>, <u>Section 1.1(a)(iii)</u>, <u>Section 1.1(a)(iv)</u>, <u>Section 1.1(a)(v)</u>, <u>Section 1.1(a)(vi)</u>, <u>Section 1.1(a)(vii)</u>, <u>Section 1.1(a)(viii)</u>, <u>Section 1.1(a)(ix)</u>, <u>Section 1.1(b)(ii)</u>, <u>Section 1.1(b)(iii)</u>, <u>Section 1.1(b)(iv)</u>, <u>Section 1.1(b)(v)</u>, <u>Section 1.1(b)(vi)</u>, <u>Section 1.1(b)(vii)</u>, and <u>Section 1.1(b)(viii)</u> of this Agreement; (ii) the execution by a Purchaser and the applicable Seller of the Final LTS Purchase Order and the Final PIS Purchase Order; (iii) the permanent cancellation and abandonment of all of the Projects for which a LTS Purchase Order or PIS Purchase Order has not been executed by a Purchaser and the applicable Seller, evidenced by the formal announcement of such cancellation and withdrawal of any pending FERC filings related to such Projects; and (iv) the written agreement of the Parties to terminate this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7<u>Price and Performance Optimization</u>. VGLNG and BH agree to reasonably cooperate and work together in good faith with the shared objective of using the experience, knowledge and data derived from the performance under this Agreement, the FEED agreements and any LTS Purchase Orders to optimize the project management services, engineering services, procurement, manufacturing and performance of each Liquefaction Train System in combination with the balance of plant of each Project (excluding BH improvements that are unrelated to and do not impact the performance, reliability or maintenance of the relevant Liquefaction Train System(s)) with the common goals of (x) increasing the operational performance of the Liquefaction Train Systems and (y) if possible and solely to the extent consistent with clause (x), reducing the LTS Purchase Price; provided, however, that VGLNG and BH acknowledge that (i) no particular result is assured or guaranteed from such price optimization efforts, (ii) price optimization efforts are not included in any Change Order (as such term is defined in the LTS Purchase Order or the PIS Purchase Order, as applicable) requested by Buyer, and (iii) the applicable Seller shall not be permitted to change the means and methods of its performance or its basis of design for the Liquefaction Train System under any Purchase Order in a manner that would deny or reduce the value to the relevant Purchaser of the benefits of the optimization of the performance of each Liquefaction Train System achieved by VGLNG and/or the relevant Purchaser. Prior to implementation, Purchaser shall consult with the applicable Seller in respect of any modifications that adversely and materially impact the inlet, exit or throughput conditions of the Liquefaction Train System. Notwithstanding the foregoing, if and to the extent that BH makes adjustments to its means and methods or design specifications under the LTS Purchase Order that relate to BH achieving the performance guarantees set forth in the First LTS Purchase Order, such adjustments may be incorporated into each subsequent LTS Purchase Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8<u>Regulatory Assistance</u>. BH shall provide all reasonably requested support and assistance to VGLNG and its subsidiaries and affiliates related to such filings or deliverables that are necessary or appropriate to submit to FERC and other regulatory authorities for the Projects, in each case, as related to BH's scope of work, including amending any existing regulatory filings for the Projects, in accordance with the schedule set by VGLNG for submission of such filings or deliverables, [\*\*\*]. VGLNG and BH acknowledge that the responsibility for FERC filings or any other regulatory or licensing filings for the Projects and successfully obtaining all necessary FERC or other regulatory or licensing approvals for the Projects are solely the responsibility and risk of VGLNG (or the applicable Purchaser).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.9<u>Assistance with Tariff Exclusions and Exemptions</u>. BH (and to the extent relevant, its affiliates and subsidiaries) shall provide reasonably requested support and assistance to VGLNG and its subsidiaries and affiliates related to such filings (including any joint filings by VGLNG or its subsidiaries

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and BH or its affiliates) or deliverables that are necessary or appropriate to request an exclusion or exemption from the remedies instituted in Presidential Proclamations Adjusting Imports of Steel Into the United States and Adjusting Imports of Aluminum Into the United States under Section 232 of the Trade Expansion Act of 1962, or similar tariff measures, whether imposed by the executive branch or otherwise; although BH does not guarantee that it will achieve any particular results related to BH's support so provided.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.10<u>Seller Parent Guarantees</u>. The Parties acknowledge and agree that BH's obligations under each Purchase Order executed by a Seller and a Purchaser shall by guaranteed pursuant to a parent company guarantee in the form attached as an appendix to such Purchase Order issued by Baker Hughes Holdings LLC, a Delaware limited liability company, and delivered by the Seller to the relevant Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.11<u>Pre-Treatment System</u>. For the avoidance of doubt, a Project shall not be required to utilize a pre-treatment system manufactured by BH, any other applicable Seller or its designee, and VGLNG shall, directly or through a subsidiary, affiliate or other entity be permitted to utilize a pre-treatment system for a Project manufactured by an entity other than BH, any applicable Seller or its designee. The Purchaser's procurement and utilization of a pre-treatment system that is manufactured by an entity other than BH, any applicable Seller or its designee shall (a) [\*\*\*]; provided, however, and contingent on the requirement that the "Basis of Design" for the pre-treatment system that is manufactured by an entity other than BH, any applicable Seller or its designee shall: (i) be substantially and materially the same as the meaning given to it in <u>Exhibit C</u> to this Agreement; and (ii) include no changes to the pre-treatment Basis of Design (as is defined in <u>Exhibit C</u>) (including pre-treatment system-caused changes to flows or qualities of the gas passing through that impact downstream equipment) that would require subsequent changes or revision to the Basis of Design for the LTS Purchase Order or the PIS Purchase Order (as the Basis for Design for each of those Purchase Orders is defined in Appendix C of <u>Exhibit A</u> to this Agreement and <u>Exhibit B</u> to this Agreement, respectively). If and to the extent that the pre-treatment system that is manufactured by an entity other than BH, another applicable Seller or its designee does not meet the requirements of clauses (i) or (ii) of the immediately preceding sentence, the applicable Seller shall be entitled to request a Change Order or other variation under the relevant LTS Purchase Order or PIS Purchase Order (including a Change Order for adjustment to the Performance Guarantee or any Minimum Performance Guarantee (as such terms are defined in the LTS Purchase Order or the PIS Purchase Order, as applicable)). Furthermore, if a Purchaser procures and utilizes a pre-treatment system that is manufactured by an entity other than BH, any applicable Seller or its designee, VGLNG acknowledges that the applicable Seller is not responsible for reviewing, endorsing, evaluating, optimizing or approving the pre-treatment system Basis of Design solution, feasibility or resulting guarantees or performance related to the pre-treatment system.

**4.<u>DISPUTES</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1<u>Disputes</u>. If a dispute arises between the Parties arising out of or relating to this Agreement, a Party shall be permitted to provide notice of the dispute to the other Party. Within ten (10) days after the receipt of such notice, or such longer time as mutually agreed to by the Parties, the Parties involved in the dispute shall meet, and the meeting shall be attended by representatives of such Parties with decision-making authority regarding the dispute, to attempt in good faith to negotiate a resolution of the dispute. If, after such meeting, the Parties have not succeeded in negotiating a resolution of the dispute, then a Party may, by delivery of written notice to the other Party, cause the dispute to be referred to a meeting of appropriate senior management of the Parties. Such meeting shall be held within thirty (30) days following the delivery of the written notice. If within thirty (30) days following the delivery of the written notice, such meeting has not been held or if within thirty (30) days following such meeting, the Parties have not succeeded in negotiating a resolution of the dispute, then either Party may refer the matter to litigation. Completion of the management settlement conference procedure set out in this <u>Section 4.1</u> shall be a condition precedent to initiating litigation. The prevailing Party in any action or proceeding shall be entitled to recover from the other Party all of its reasonable costs and expenses incurred in connection with such action or proceeding, including reasonable attorneys' fees and costs at the trial court and all appellate levels.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2<u>Jurisdiction</u>. Each Party irrevocably consents that any legal action or proceeding against it arising out of or relating to this Agreement may be brought in any federal or state court in New York, New York, and each Party irrevocably submits to and accepts, generally and unconditionally, the jurisdiction of those courts and irrevocably agrees to be bound by any judgment rendered. Each Party irrevocably waives, to the fullest extent permitted by law, any objections which it may now or hereafter have to the venue of any such action or proceeding in New York, New York, including any claim that any action has been brought in an inconvenient forum. The Parties agree that a final judgment in any such action or proceeding shall be conclusive, and may be enforced in any other jurisdiction within or outside the United States of America.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3<u>Waiver of Right to Jury Trial or Otherwise</u>. THE PARTIES HEREBY EXPRESSLY WAIVE ALL RIGHTS TO TRIAL BY JURY OR OTHERWISE ON ANY CLAIM, CAUSE OF ACTION, SUIT OR PROCEEDING DIRECTLY OR INDIRECTLY INVOLVING OR RELATED TO THE TERMS, COVENANTS OR CONDITIONS OF THIS AGREEMENT OR ANY MATTER WHATSOEVER ARISING OUT OF OR IN ANY WAY CONNECTED WITH OR RELATED TO THIS AGREEMENT. THIS <u>SECTION 4.3</u> SHALL SURVIVE THE TERMINATION OR EXPIRATION OF THIS AGREEMENT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4<u>Limitation on Liability</u>. [\*\*\*], TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, RULES, CODES AND REGULATIONS, NO PARTY, NOR ANY OF THEIR RESPECTIVE MEMBERS, AGENTS, OFFICERS, DIRECTORS, PARTNERS, EMPLOYEES, CONTRACTORS OR SUBCONTRACTORS SHALL BE LIABLE TO ANOTHER PARTY OR SHALL MAKE ANY CLAIM FOR ANY INCIDENTAL, INDIRECT, PUNITIVE OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR CONNECTED IN ANY WAY TO THIS AGREEMENT, INCLUDING LOSS OF USE, LOSS OF PROFIT, LOSS OF BUSINESS, LOSS OF INCOME, LOSS OF REPUTATION OR ANY OTHER CONSEQUENTIAL DAMAGES THAT A PARTY MAY HAVE INCURRED FROM ANY CAUSE OF ACTION INCLUDING NEGLIGENCE, STRICT LIABILITY, BREACH OF CONTRACT AND BREACH OF STRICT OR IMPLIED WARRANTY.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5<u>Enforcement of Agreement; Specific Performance</u>. The Parties hereby agree that irreparable harm would occur in the event that any provision of this Agreement were not performed in accordance with its specific terms or were otherwise breached, and that money damages or other legal remedies would not be an adequate remedy for any such harm. Accordingly, the Parties acknowledge and hereby agree that, in the event of any breach or threatened breach by a Party or a Purchaser of any of its respective covenants, obligations or agreements set forth in this Agreement, the other Party shall be entitled to an injunction or injunctions to prevent or restrain breaches or threatened breaches of this Agreement by such Party, and entitled to seek to specifically enforce the terms and provisions of this Agreement to prevent and/or remedy breaches or threatened breaches of, or to enforce compliance with, the covenants, obligations and agreements of such Party under this Agreement, in addition to any other remedy to which the other Party are entitled to at law or in equity.

**5.<u>MISCELLANEOUS</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1<u>Representations and Warranties</u>. Each Party represents and warrants to the other Party as of the Effective Date that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)it is an organization duly organized and in good standing under the laws of the State of Delaware and it has the power, authority and legal right to enter into and perform its obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the execution, delivery and performance by it of this Agreement have been duly authorized by all required corporate action and do not and will not: (i) violate any applicable law or any provisions of its organizational documents or (ii) constitute or give rise to a default under any agreement or instrument to which it is a party or by which its assets may be bound; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)this Agreement has been duly executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as enforceability may be limited or affected by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws

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affecting rights of creditors generally (regardless of whether considered in a proceeding in equity or at law).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2<u>Notices</u>. Any notice or communication from one Party to the other Party shall be in writing and shall be effective when personally delivered to the Party for whom intended, upon confirmation of receipt when sent by overnight courier (signature requested) or e-mail or five calendar (5) days following deposit of the same into the mail addressed to such Party at the address specified for the receipt of notices pursuant to this <u>Section 5.2</u>. The addresses initially specified by the Parties for the receipt of notices hereunder are as follows: [\*\*\*]

No change of address for a Party shall be effective until written notice of the change of address is provided to the other Party in accordance with this <u>Section 5.2</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3<u>Confidentiality</u>. The subject matter and terms and conditions of this Agreement are considered "Confidential Information" under that certain Mutual Non-Disclosure Agreement, dated as of October 21, 2015, between BH and VGLNG, as amended by Amendment No. 1 to Mutual Non-Disclosure Agreement, dated as of February 22, 2016, Amendment No. 2 to Mutual Non-Disclosure Agreement, dated as of August 31, 2018, and Amendment No. 3 to Mutual Non-Disclosure Agreement, dated as of October 4, 2023 among BH, VGLNG and VG Calcasieu Pass (as may be further amended from time to time, the "***NDA***"). All written, oral, visual or electronic information that has not been publicly disclosed and that a Party acquires from another Party shall be subject to the terms and conditions of the NDA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4<u>Entire Agreement; Amendment</u>. This Agreement constitutes the entire, final and exclusive agreement among the Parties with regard to the subject matter hereof and supersedes all other agreements, oral or written, among the Parties in relation to the subject matter hereof, including the First Amended and Restated Letter of Agreement, the Second Amended and Restated Letter of Agreement, the Third Amended and Restated Letter of Agreement, and the Fourth Amended and Restated Letter of Agreement. No cancellation, modification, amendment, deletion, addition, waiver or other change in this Agreement shall be effective unless specifically set forth in writing and signed by each of the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5<u>Binding Effect</u>. This Agreement shall be binding upon and inure to the benefit of each of the Parties and their respective successors and permitted assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.6<u>Assignment</u>. Neither Party shall transfer or assign this Agreement or any of its rights under or interest in this Agreement, without the prior written consent of the other Party, which consent shall not be unreasonably withheld, conditioned or delayed; provided, however, that VGLNG shall be permitted to transfer or assign this Agreement to any affiliate that directly or indirectly controls the entities that own the Projects without the consent of BH. Any assignment, transfer or other disposal in violation of this <u>Section 5.6</u> shall be null and *void ab initio* and shall not be binding on the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.7<u>Waiver</u>. The waiver by a Party of a breach of any provision of this Agreement by the other Party shall not be construed as a waiver of any succeeding breach of the same or any other provision, nor shall any delay or omission on the part of a Party to exercise or avail itself of any right, power or privilege that it has, or may have, hereunder operate as a waiver of any right, power or privilege by such Party. Any consent or permission granted under this Agreement shall be effective only in the specific instance and for the specific purpose given.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.8<u>Severability</u>. Should a determination be made by a court of competent jurisdiction that any provision of this Agreement is illegal, invalid or otherwise unenforceable, the same shall not affect the other terms or provisions of this Agreement, but such provisions shall be deemed modified to the extent necessary in the court's opinion to render such term or provision enforceable, and the rights and obligations of the Parties shall be construed and enforced accordingly, preserving to the fullest extent possible the intent and agreements of the Parties set forth herein.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.9<u>Governing Law</u>. The validity, construction and performance of this Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to the conflict of law provisions thereof that would require the application of the laws of any other jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.10<u>Time is of the Essence</u>. Time is of the essence in the performance of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.11<u>Expenses; Further Assurances</u>. Each Party shall pay its own costs and expenses in relation to the negotiation, preparation, execution and delivery of this Agreement. Each Party shall, from time to time on being requested to do so by, and at the cost and expense of, another Party, do all such acts and/or execute and deliver all such instruments and assurances as are reasonably necessary for carrying out or giving full effect to the terms of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.12<u>Limited Recourse</u>. In the event of non-performance by VGLNG of its obligations hereunder, or any part thereof, or for any claim based thereon or otherwise in respect thereof or related thereto, no recourse shall be had to (a) any assets or properties of any of the shareholders, members or partners of VGLNG, (b) any affiliate of VGLNG or (c) any officers, directors or employees thereof, and no judgment relating to the obligations of VGLNG under this Agreement or for any claim based thereon or otherwise in respect thereof or related thereto, shall be obtainable by BH against any shareholder, member, partner or affiliate of VGLNG or any other officer, employee or director past, present or future of VGLNG or any of its shareholders, members, partners or affiliates. In the event of non-performance by BH of its obligations hereunder, or any part thereof, or for any claim based thereon or otherwise in respect thereof or related thereto, no recourse shall be had to (i) any assets or properties of any of the shareholders, members or partners of BH, (ii) any affiliate of BH or (iii) any officers, directors or employees thereof, and no judgment relating to the obligations of BH under this Agreement or for any claim based thereon or otherwise in respect thereof or related thereto, shall be obtainable by VGLNG against any shareholder, member, partner or affiliate of BH or any other officer, employee or director past, present or future of the BH or any of its shareholders, members, partners or affiliates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.13<u>Headings; Interpretation</u>. The headings in this Agreement are for convenience only, and shall not affect the interpretation hereof. The word "includes" and variants thereof shall be deemed to mean "includes but is not limited to". The word "Dollars" means United States dollars. The Parties acknowledge that each Party and its attorney have reviewed this Agreement and that any rule of construction to the effect that any ambiguities are to be resolved against the drafting Party, or any similar rule operating against the drafter of an agreement, shall not be applicable to the construction or interpretation of this Agreement. In no event shall this Agreement be interpreted or construed to amend, modify, supplement or waive any provision of the First LTS Purchase Order, the First PIS Purchase Order, the Second LTS Purchase Order, the Second PIS Purchase Order, the Third LTS Purchase Order, the Third PIS Purchase Order, the Fourth LTS Purchase Order, the Fourth PIS Purchase Order, the Fifth LTS Purchase Order, the Fifth PIS Purchase Order, or the Sixth PIS Purchase Order in any respect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.14<u>Counterparts</u>. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument. Signatures may be delivered electronically or by facsimile, and such copies shall be treated as originals for all purposes.

**[SIGNATURES APPEAR ON THE FOLLOWING PAGE]**

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IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their duly authorized representatives as of the date first above written.

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|:---|
| VENTURE GLOBAL LNG. INC. |
| By: /s/ Keith Larson |
| Name:&nbsp;&nbsp;&nbsp;&nbsp;Keith Larson |
| Title:&nbsp;&nbsp;&nbsp;&nbsp;General Counsel |

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| |
|:---|
| BAKER HUGHES ENERGY SERVICES LLC |
| By: /s/ Edoardo Padeletti |
| Name:&nbsp;&nbsp;&nbsp;&nbsp;Edoardo Padeletti |
| Title:&nbsp;&nbsp;&nbsp;&nbsp;VP Commercial & Strategy |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

<u>Exhibit A<br>Form of LTS Purchase Order</u>

[Omitted]

&nbsp;&nbsp;&nbsp;&nbsp;

------

<u>Exhibit B<br>Forms of PIS Purchase Order</u>

[Omitted]

&nbsp;&nbsp;&nbsp;&nbsp;

------

<u>Exhibit C<br>Basis of Design for Pre-Treatment System</u>

[Omitted]

&nbsp;&nbsp;&nbsp;&nbsp;

------

<u>Exhibit D <br>Adjustment Factors</u>

**1.&nbsp;&nbsp;&nbsp;&nbsp;<u>Liquefaction Train System Escalation Formula</u>**

**Escalation Formula**

The LTS Purchase Price for each LTS Purchase Order will be adjusted by the following adjustment index formula, provided that such adjustment shall (a) not be subject to any compounding and (b) be limited to a maximum reduction of [\*\*\*], and maximum increase of [\*\*\*], per annum:

[\*\*\*]

where:

[\*\*\*]

and:

[\*\*\*]

**2.&nbsp;&nbsp;&nbsp;&nbsp;<u>Power Island System Escalation Formula</u>**

**2.1&nbsp;&nbsp;&nbsp;&nbsp;<u>Power Island</u>**

The Power Island price shall be adjusted by the following adjustment index formula, provided that such adjustment:

[\*\*\*]

where:

[\*\*\*]

and:

[\*\*\*]

**2.2&nbsp;&nbsp;&nbsp;&nbsp;<u>Control and Electrical Integration Engineering and Equipment</u>**

The Contract Price shall be adjusted by the following adjustment index formula, provided that such

adjustment:

[\*\*\*]

where:

[\*\*\*]

and:

&nbsp;&nbsp;&nbsp;&nbsp;

------

[\*\*\*]

&nbsp;&nbsp;&nbsp;&nbsp;

------

<u>Exhibit E<br>Foreign Exchange Adjustment</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;The LTS Purchase Price shall be adjusted for foreign exchange as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;For the Sixth LTS Purchase Order, the Seventh LTS Purchase Order and the Eighth LTS Purchase Order:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;An amount in US Dollars equal to [\*\*\*] the LTS Purchase Price shall be converted from US Dollars into Euro at the exchange rate for US Dollars to Euro as of March 4, 2026, which is stipulated to be [\*\*\*] US Dollar to [\*\*\*] Euro; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;The Euro amount determined pursuant to clause (a)(i) shall be re-converted to US Dollars on the day immediately preceding the date of execution of the relevant LTS Purchase Order, using the Euro reference exchange rate for the US Dollar published by the European Central Bank at link <u>https://www.ecb.europa.eu/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/index.en.html</u> and determined by the parties to the Purchase Order between 11:00 a.m. and 5:00 p.m. Eastern Prevailing Time on the day immediately preceding the date of execution of the relevant LTS Purchase Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;An amount in US Dollars equal to [\*\*\*] of the LTS Purchase Price shall be subtracted from the re-converted US Dollar amount determined pursuant to clause (a)(ii) and;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;&nbsp;&nbsp;If the amount determined pursuant to clause (a)(iii) is positive, it shall be added to the LTS Purchase Price. If the amount determined pursuant to clause (a)(iii) is negative, it shall be subtracted from the LTS Purchase Price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;For the Ninth LTS Purchase Order, the Tenth LTS Purchase Order, the Eleventh LTS Purchase Order, the Twelfth LTS Purchase Order and the Final LTS Purchase Order:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;An amount in US Dollars equal to [\*\*\*] of the LTS Purchase Price shall be converted from US Dollars into Euro at the exchange rate for US Dollars to Euro as of March 4, 2026, which is stipulated to be [\*\*\*] US Dollar to [\*\*\*] Euro;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;The Euro amount determined pursuant to clause (b)(i) shall be re-converted to US Dollars on the day immediately preceding the date of execution of the relevant LTS Purchase Order, using the Euro reference exchange rate for the US Dollar published by the European Central Bank at link <u>https://www.ecb.europa.eu/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/index.en.html</u> and determined by the parties to the Purchase Order between 11:00 a.m. and 5:00 p.m. Eastern Prevailing Time on the day immediately preceding the date of execution of the relevant LTS Purchase Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;An amount in US Dollars equal to [\*\*\*] the LTS Purchase Price shall be subtracted from the re-converted US Dollar amount determined pursuant to clause (b)(ii), and the difference in such amount (positive or negative) shall be divided by [\*\*\*]; and;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;&nbsp;&nbsp;If the amount determined pursuant to clause (b)(iii) is positive, it shall be added to the LTS Purchase Price. If the amount determined pursuant to clause (b)(iii) is negative, no amount shall be deducted from the LTS Purchase Price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;PIS Purchase Price foreign exchange adjustment:

&nbsp;&nbsp;&nbsp;&nbsp;

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;The Power Island price shall be adjusted for foreign exchange as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;An amount in US Dollars equal to [\*\*\*] of the Power Island price, which is specifically associated with five (5) generators for the Gas Turbines, shall be converted from US Dollars into Euro at the exchange rate for US Dollars to Euro as of January 29, 2026, which is stipulated to be [\*\*\*] US Dollars to [\*\*\*] Euro.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;An amount in US Dollars equal to [\*\*\*] of the Power Island price, which is specifically associated with the two (2) Steam Turbines and two (2) generators for the Steam Turbines, shall be converted from US Dollars into Polish Zloty (PLN) at the exchange rate for US Dollars to PLN as of the January 29, 2026, which is stipulated to be [\*\*\*] US Dollars to [\*\*\*] PLN.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;The Euro amount determined pursuant to clause (i) shall be re-converted to US Dollars on the day of issuance of LNTP, using the Euro reference exchange rate for the US Dollar published by the European Central Bank at link <u>https://www.ecb.europa.eu/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/index.en.html</u> as determined by the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;&nbsp;&nbsp;The PLN amount determined pursuant to clause (ii) shall be re-converted to US Dollars on the day of issuance of LNTP, using the middle exchange rate (table A) for the US Dollar published by Narodowy Bank Polski at link <u>https://www.nbp.pl/homen.aspx?f=/kursy/ratesa.html</u> as determined by the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&nbsp;&nbsp;&nbsp;An amount in US Dollars equal to [\*\*\*] of the Power Island Price shall be subtracted from the re-converted US Dollar amount determined pursuant to clause (iii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;&nbsp;&nbsp;&nbsp;If the amount determined pursuant to clause (v) is positive, it shall be added to the Power Island price by Change Order. If the amount determined pursuant to clause (v) is negative, it shall be deducted from the Power Island price by Change Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;&nbsp;&nbsp;&nbsp;An amount in US Dollars equal to [\*\*\*] of the Power Island price shall be subtracted from the re-converted US Dollar amount determined pursuant to clause (iv).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)&nbsp;&nbsp;&nbsp;&nbsp;If the amount determined pursuant to clause (vii) is positive, it shall be added to the Power Island price by Change Order. If the amount determined pursuant to clause (vii) is negative, it shall be deducted from the Power Island price by Change Order.

If at any time the manufacturing of any of the Steam Turbines, Gas Turbine generators, Steam Turbine generators supplied under the PIS Purchase Order is performed under a subcontract made in US Dollars or if any such equipment is manufactured in the United States of America, then the corresponding foreign currency adjustment(s) set forth in clause (i) and/or clause (ii) above shall not be applicable with respect to any such equipment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;The Control and Electrical Integration Engineering and Equipment price shall not be subject to foreign exchange adjustment.

For the avoidance of doubt, any adjustment to the percentages specified in this Exhibit E shall be subject to <u>Section 5.4</u> of the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;

## Exhibit 10.6

**Exhibit 10.6**

*Execution Version*

**Certain identified information has been omitted from this document because (i) it is not material and is the type that the Company customarily and actually treats as private or confidential, and/or (ii) if disclosure would constitute a clearly unwarranted invasion of personal privacy and has been marked with "[\*\*\*]" to indicate where omissions have been made.**

**AMENDED AND RESTATED COMMON TERMS AGREEMENT**

**FOR THE LOANS**

among

**__________________________**

VENTURE GLOBAL CP2 LNG, LLC,

as **Borrower**,

**__________________________**

VENTURE GLOBAL CP EXPRESS, LLC,

and

CP2 PROCUREMENT, LLC,

as **Guarantors**,

**__________________________**

MUFG BANK, LTD.,

as the **Credit Facility Agent** on behalf of itself and the Credit Facility Lender Parties,

Each other **Facility Agent** that is Party hereto from time to time on behalf of itself and the <br>Facility Lenders under its Facility Agreement

and

MUFG BANK, LTD.,

as **Intercreditor Agent** for the Facility Lenders

**__________________________**

Dated as of March 13, 2026

&nbsp;&nbsp;&nbsp;&nbsp;

------

**CONTENTS**

**Page**

---

| | |
|:---|:---|
| **[1.&nbsp;&nbsp;&nbsp;&nbsp;DEFINITIONS AND INTERPRETATION](#i3e5f115ec68f4fecbe6d0b8b2e76ef2f)** | **[-1-](#i3e5f115ec68f4fecbe6d0b8b2e76ef2f)** |
| **[2.&nbsp;&nbsp;&nbsp;&nbsp;GENERAL PRINCIPLES OF THE LOANS](#i952b8201621f4dfc80180ac9ccc11c53)** | **[-1-](#i952b8201621f4dfc80180ac9ccc11c53)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[2.1&nbsp;&nbsp;&nbsp;&nbsp;Purpose and Scope of the Loans](#ic1709c95121e42ffa2fa7e6e9e729752) | [-1-](#ic1709c95121e42ffa2fa7e6e9e729752) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[2.2&nbsp;&nbsp;&nbsp;&nbsp;Sequence of Advances of Senior Debt](#i8ffb83d162314ac2aa3c890ec631a9ff) | [-2-](#i8ffb83d162314ac2aa3c890ec631a9ff) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[2.3&nbsp;&nbsp;&nbsp;&nbsp;Loan Disbursement and Letter of Credit Issuance Procedures](#ie6fd63ace7c6458a8b6c8b9181d5aee8) | [-2-](#ie6fd63ace7c6458a8b6c8b9181d5aee8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[2.4&nbsp;&nbsp;&nbsp;&nbsp;Pro Rata Advances](#i2bff3caefde34b4e805428b35f796d28) | [-3-](#i2bff3caefde34b4e805428b35f796d28) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[2.5&nbsp;&nbsp;&nbsp;&nbsp;Interest](#i25ac9326f60d4257868d866a4ca012dd) | [-4-](#i25ac9326f60d4257868d866a4ca012dd) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[2.6&nbsp;&nbsp;&nbsp;&nbsp;Currency](#i891327af3dcf41d3ba9c2d4815a94c06) | [-4-](#i891327af3dcf41d3ba9c2d4815a94c06) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[2.7&nbsp;&nbsp;&nbsp;&nbsp;Acknowledgement and Consent to Bail-In of Affected Financial Institutions](#i2eebd2013d8e473db4eb7f917eabd553) | [-5-](#i2eebd2013d8e473db4eb7f917eabd553) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[2.8&nbsp;&nbsp;&nbsp;&nbsp;Acknowledgement Regarding Any Supported QFCs](#i5f468e56e8314ba0b64f770e8a15bb19) | [-5-](#i5f468e56e8314ba0b64f770e8a15bb19) |
| **[3.&nbsp;&nbsp;&nbsp;&nbsp;REPAYMENT, PREPAYMENT AND CANCELLATION](#if6f36a09e20f4eb18a34174db3391b84)** | **[-7-](#if6f36a09e20f4eb18a34174db3391b84)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[3.1&nbsp;&nbsp;&nbsp;&nbsp;CTA Payment Dates](#i1649b2dde3ce4769a2e281896dace6a4) | [-7-](#i1649b2dde3ce4769a2e281896dace6a4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[3.2&nbsp;&nbsp;&nbsp;&nbsp;Right of Repayment and Cancellation in Relation to a Single Facility Lender](#icb135c7549104bd09f7cad544f9e7dac) | [-8-](#icb135c7549104bd09f7cad544f9e7dac) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[3.3&nbsp;&nbsp;&nbsp;&nbsp;No Repayments or Prepayments](#iec827944164a41628607af763ccbd58a) | [-8-](#iec827944164a41628607af763ccbd58a) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[3.4&nbsp;&nbsp;&nbsp;&nbsp;Mandatory Prepayments](#i7e11f69b5ee64f92a900ef6fd1db1539) | [-8-](#i7e11f69b5ee64f92a900ef6fd1db1539) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[3.5&nbsp;&nbsp;&nbsp;&nbsp;Voluntary Prepayments](#id8bce9634de4493d9e5d3b23401a6694) | [-12-](#id8bce9634de4493d9e5d3b23401a6694) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[3.6&nbsp;&nbsp;&nbsp;&nbsp;Prepayment Fees and Funding Losses](#ie4fd49b69f4a4853bdfad6e715c07736) | [-13-](#ie4fd49b69f4a4853bdfad6e715c07736) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[3.7&nbsp;&nbsp;&nbsp;&nbsp;Pro Rata Payment](#i3f467e448cc14c3782cf1d0da89145d4) | [-13-](#i3f467e448cc14c3782cf1d0da89145d4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[3.8&nbsp;&nbsp;&nbsp;&nbsp;Reductions and Cancellations of Facility Debt Commitments](#i75926494e2f14ba4aab72f9e0b0c6d08) | [-15-](#i75926494e2f14ba4aab72f9e0b0c6d08) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[3.9&nbsp;&nbsp;&nbsp;&nbsp;Late Payments](#if54e76978d914ff180613f3ce0ad4eda) | [-16-](#if54e76978d914ff180613f3ce0ad4eda) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[3.10&nbsp;&nbsp;&nbsp;&nbsp;No Borrowing or Reinstatement](#i4b11a1c80534404d8ac863e55b4a112b) | [-16-](#i4b11a1c80534404d8ac863e55b4a112b) |
| **[4.&nbsp;&nbsp;&nbsp;&nbsp;CONDITIONS PRECEDENT](#ia25fd422f1fc45879e68cfd17a62947d)** | **[-16-](#ia25fd422f1fc45879e68cfd17a62947d)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[4.1&nbsp;&nbsp;&nbsp;&nbsp;Conditions to Initial Closing Date and Initial Advance](#ie8db5a6b12d74996bbbbaa1cf47fd216) | [-16-](#ie8db5a6b12d74996bbbbaa1cf47fd216) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[4.2&nbsp;&nbsp;&nbsp;&nbsp;Conditions to Upsize Closing Date](#icbe08052609e480dbb317e5eee5fdb7d) | [-27-](#icbe08052609e480dbb317e5eee5fdb7d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[4.3&nbsp;&nbsp;&nbsp;&nbsp;Conditions to Each Term Loan Advance](#ib231cfdc1bb445d5a1c005fa92ceaea7) | [-38-](#ib231cfdc1bb445d5a1c005fa92ceaea7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[4.4&nbsp;&nbsp;&nbsp;&nbsp;Conditions to Each Advance under the Working Capital Facility](#ife51fdcc51934cc590c323c3db40cfc8) | [-41-](#ife51fdcc51934cc590c323c3db40cfc8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[4.5&nbsp;&nbsp;&nbsp;&nbsp;Satisfaction of Conditions](#ia6bd4965cb4f4a9cae94286073c6b138) | [-42-](#ia6bd4965cb4f4a9cae94286073c6b138) |
| **[5.&nbsp;&nbsp;&nbsp;&nbsp;REPRESENTATIONS AND WARRANTIES OF THE OBLIGORS](#ie57829c5f3e740d59c42294e8b358e37)** | **[-44-](#ie57829c5f3e740d59c42294e8b358e37)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[5.1&nbsp;&nbsp;&nbsp;&nbsp;Initial Representations and Warranties of the Obligors](#i6b98fa7201874cceafa8b5e62f87e083) | [-44-](#i6b98fa7201874cceafa8b5e62f87e083) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[5.2&nbsp;&nbsp;&nbsp;&nbsp;Repeated Representations and Warranties of the Obligors](#i92d7902f5b2944038da3c572fdb5cb49) | [-53-](#i92d7902f5b2944038da3c572fdb5cb49) |
| **[6.&nbsp;&nbsp;&nbsp;&nbsp;INCURRENCE OF ADDITIONAL SENIOR DEBT](#i4ea9817de5314585a4eff1ab3bd2931b)** | **[-60-](#i4ea9817de5314585a4eff1ab3bd2931b)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[6.1&nbsp;&nbsp;&nbsp;&nbsp;Permitted Senior Debt](#i6efae7e7329e4f24a5db96c20e034735) | [-60-](#i6efae7e7329e4f24a5db96c20e034735) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[6.2&nbsp;&nbsp;&nbsp;&nbsp;Working Capital Debt](#i8d898c00dccc4d0f86993e7df8aeb019) | [-60-](#i8d898c00dccc4d0f86993e7df8aeb019) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[6.3&nbsp;&nbsp;&nbsp;&nbsp;Replacement Debt](#ia6bb1edd8abd4e45901c46bc6a8e5bda) | [-62-](#ia6bb1edd8abd4e45901c46bc6a8e5bda) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[6.4&nbsp;&nbsp;&nbsp;&nbsp;\[Reserved\]](#i1094b3dfe9b5436eb191d3e9715e4e44) | [-65-](#i1094b3dfe9b5436eb191d3e9715e4e44) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[6.5&nbsp;&nbsp;&nbsp;&nbsp;Permitted Approved Expansion Debt](#ia3cacd76318c4d49a196ec29587974c7) | [-65-](#ia3cacd76318c4d49a196ec29587974c7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[6.6&nbsp;&nbsp;&nbsp;&nbsp;Supplemental Debt](#i12720101e28d47158655fc0898d590c7) | [-70-](#i12720101e28d47158655fc0898d590c7) |
| **[7.&nbsp;&nbsp;&nbsp;&nbsp;PERMITTED DEVELOPMENT EXPENDITURES/EXPANSIONS](#i80480da0162a4c40b947553126dfa6eb)** | **[-76-](#i80480da0162a4c40b947553126dfa6eb)** |

---

-i-

CP2 – Amended & Restated Common Terms Agreement

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[7.1&nbsp;&nbsp;&nbsp;&nbsp;Permitted Development Expenditures](#i57350ae269be484793dde1dc227faf27) | [-76-](#i57350ae269be484793dde1dc227faf27) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[7.2&nbsp;&nbsp;&nbsp;&nbsp;Expansion Contracts](#i64ee9ad6a97a41cebdc2ae8a26595297) | [-77-](#i64ee9ad6a97a41cebdc2ae8a26595297) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[7.3&nbsp;&nbsp;&nbsp;&nbsp;\[Reserved\]](#idd817da5e40b4f74bcf70172e48f39b7) | [-78-](#idd817da5e40b4f74bcf70172e48f39b7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[7.4&nbsp;&nbsp;&nbsp;&nbsp;Permitted Approved Expansion](#i66f17ebc96e240bab5ce4cfab696c265) | [-78-](#i66f17ebc96e240bab5ce4cfab696c265) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[7.5&nbsp;&nbsp;&nbsp;&nbsp;External Expansions](#i2f09b81033234c7983f9f461f28d9022) | [-79-](#i2f09b81033234c7983f9f461f28d9022) |
| **[8.&nbsp;&nbsp;&nbsp;&nbsp;LNG SPA COVENANTS](#ib004b928bc4a4b2eb6cca797a2320398)** | **[-80-](#ib004b928bc4a4b2eb6cca797a2320398)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[8.1&nbsp;&nbsp;&nbsp;&nbsp;LNG SPA Maintenance](#ib573118870d84e61adbcd8cf16ef2b73) | [-80-](#ib573118870d84e61adbcd8cf16ef2b73) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[8.2&nbsp;&nbsp;&nbsp;&nbsp;LNG SPA Mandatory Prepayment](#i965938ed6013488887a1dee850c5759d) | [-82-](#i965938ed6013488887a1dee850c5759d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[8.3&nbsp;&nbsp;&nbsp;&nbsp;Amendment of LNG SPAs](#iaa7cc8c652da4338816fbdf90799f74f) | [-85-](#iaa7cc8c652da4338816fbdf90799f74f) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[8.4&nbsp;&nbsp;&nbsp;&nbsp;Sale of Supplemental Quantity](#i0dc2e103d97744a2b5363c9059719103) | [-86-](#i0dc2e103d97744a2b5363c9059719103) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[8.5&nbsp;&nbsp;&nbsp;&nbsp;Sale of Pre-Completion Quantities](#i901bc58f7b6f42119f83eb4af8d3db9f) | [-87-](#i901bc58f7b6f42119f83eb4af8d3db9f) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[8.6&nbsp;&nbsp;&nbsp;&nbsp;Payment of LNG Sales Proceeds](#ieee09e3932d74404bc19c25aa9ec8cfb) | [-88-](#ieee09e3932d74404bc19c25aa9ec8cfb) |
| **[9.&nbsp;&nbsp;&nbsp;&nbsp;MATERIAL CONSTRUCTION CONTRACTS](#ibe86ee4cbf414b19882fdc702eb988c8)** | **[-89-](#ibe86ee4cbf414b19882fdc702eb988c8)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[9.1&nbsp;&nbsp;&nbsp;&nbsp;Change Orders](#i0282876fb2fc4d0a8bc7a90207269a20) | [-89-](#i0282876fb2fc4d0a8bc7a90207269a20) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[9.2&nbsp;&nbsp;&nbsp;&nbsp;UOP Pre-Treatment Systems](#iaa57c578a0bf4222a01c88d6f93f82c1) | [-90-](#iaa57c578a0bf4222a01c88d6f93f82c1) |
| **[10.&nbsp;&nbsp;&nbsp;&nbsp;REPORTING BY THE BORROWER](#i3140b6b12e294580a74819f9d84adcb8)** | **[-90-](#i3140b6b12e294580a74819f9d84adcb8)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[10.1&nbsp;&nbsp;&nbsp;&nbsp;Accounting, Financial and Other Information](#i27a731d66cd745c7bb6cd4dbcb6cc620) | [-90-](#i27a731d66cd745c7bb6cd4dbcb6cc620) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[10.2&nbsp;&nbsp;&nbsp;&nbsp;Quarterly Historical DSCR Certificate](#i6249c9663b9344dcbce9ea21c02893ed) | [-92-](#i6249c9663b9344dcbce9ea21c02893ed) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[10.3&nbsp;&nbsp;&nbsp;&nbsp;Notices](#i6236ab46d87a4efc833b5e31927adf41) | [-92-](#i6236ab46d87a4efc833b5e31927adf41) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[10.4&nbsp;&nbsp;&nbsp;&nbsp;Construction Reports](#i043661d846db4d0fb8bd8744a23cf065) | [-94-](#i043661d846db4d0fb8bd8744a23cf065) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[10.5&nbsp;&nbsp;&nbsp;&nbsp;Operating Budget](#ie077f22b3caa4ca49e948e1142508e5a) | [-98-](#ie077f22b3caa4ca49e948e1142508e5a) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[10.6&nbsp;&nbsp;&nbsp;&nbsp;Operating Statements and Reports](#i3ff82b193f6146a1819a8d373aa66a13) | [-99-](#i3ff82b193f6146a1819a8d373aa66a13) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[10.7&nbsp;&nbsp;&nbsp;&nbsp;Insurance Reporting](#ic9892fa6e0414947b2a38d7a58f88fe1) | [-101-](#ic9892fa6e0414947b2a38d7a58f88fe1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[10.8&nbsp;&nbsp;&nbsp;&nbsp;Copies of Finance Documents](#iff55b357607b4055bfee96bc9214a85d) | [-102-](#iff55b357607b4055bfee96bc9214a85d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[10.9&nbsp;&nbsp;&nbsp;&nbsp;Early Cargo Projections](#i59b90c2853b84f9eaaa428185ed7250b) | [-102-](#i59b90c2853b84f9eaaa428185ed7250b) |
| **[11.&nbsp;&nbsp;&nbsp;&nbsp;RESTRICTED PAYMENTS](#ic12ae7dde26c4528836463b4cedc1a30)** | **[-103-](#ic12ae7dde26c4528836463b4cedc1a30)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[11.1&nbsp;&nbsp;&nbsp;&nbsp;Conditions to Restricted Payments](#i37d4e72ca6024267b6ede7cbae19ee0d) | [-103-](#i37d4e72ca6024267b6ede7cbae19ee0d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[11.2&nbsp;&nbsp;&nbsp;&nbsp;Certain Restricted Payments](#id60cbcc6d39f4e68885690f8c9ffdf36) | [-104-](#id60cbcc6d39f4e68885690f8c9ffdf36) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[11.3&nbsp;&nbsp;&nbsp;&nbsp;Pre-Completion Revenue Restricted Payments](#ib0c0223a1a864b98b39f422abd772db4) | [-105-](#ib0c0223a1a864b98b39f422abd772db4) |
| **[12.&nbsp;&nbsp;&nbsp;&nbsp;OBLIGOR COVENANTS](#ibfb6a0e1cd134e358a1377cf67d56500)** | **[-107-](#ibfb6a0e1cd134e358a1377cf67d56500)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.1&nbsp;&nbsp;&nbsp;&nbsp;Use of Proceeds](#i7941d5bbe4d24d069ef5e3d36fd6d1eb) | [-107-](#i7941d5bbe4d24d069ef5e3d36fd6d1eb) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.2&nbsp;&nbsp;&nbsp;&nbsp;Maintenance of Existence, Franchises, Etc.](#ibb6ff8d379f2409e852ff7986f442ae6) | [-107-](#ibb6ff8d379f2409e852ff7986f442ae6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.3&nbsp;&nbsp;&nbsp;&nbsp;Project Construction; Maintenance of Properties](#i87d8761ed2ff4c37880dee2889f2b18f) | [-108-](#i87d8761ed2ff4c37880dee2889f2b18f) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.4&nbsp;&nbsp;&nbsp;&nbsp;Books and Records; Inspection Rights](#ib3b8a3bc1cbf4b8ab49706e71787b1b3) | [-108-](#ib3b8a3bc1cbf4b8ab49706e71787b1b3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.5&nbsp;&nbsp;&nbsp;&nbsp;Material Project Agreements](#i375017fe33e64ac4a8f656cf2dbf83a3) | [-109-](#i375017fe33e64ac4a8f656cf2dbf83a3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.6&nbsp;&nbsp;&nbsp;&nbsp;Compliance with Law](#i8bb37e1e68ff452c95a82a7cbeb2d20f) | [-116-](#i8bb37e1e68ff452c95a82a7cbeb2d20f) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.7&nbsp;&nbsp;&nbsp;&nbsp;Environmental Compliance](#i6abffa98a1914cd2861187775784812d) | [-117-](#i6abffa98a1914cd2861187775784812d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.8&nbsp;&nbsp;&nbsp;&nbsp;Permits](#id0acfc02e3b64fb8b586081b290de250) | [-118-](#id0acfc02e3b64fb8b586081b290de250) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.9&nbsp;&nbsp;&nbsp;&nbsp;Export Authorizations](#i5a0f03a6fd3a414693202547be1f606e) | [-118-](#i5a0f03a6fd3a414693202547be1f606e) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.10&nbsp;&nbsp;&nbsp;&nbsp;FERC Order](#i14ebc6c7e8a54d029cf09b7f22d0ecdd) | [-119-](#i14ebc6c7e8a54d029cf09b7f22d0ecdd) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.11&nbsp;&nbsp;&nbsp;&nbsp;Witnessing Performance Tests and Lenders' Reliability Tests; Settlement of Liquidated Damages](#i90abc49a259049c39ad183fc691f74b9) | [-119-](#i90abc49a259049c39ad183fc691f74b9) |

---

-ii-

CP2 – Amended & Restated Common Terms Agreement

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.12&nbsp;&nbsp;&nbsp;&nbsp;Inspection Rights](#i457d29718142481c885af8477cfb8075) | [-119-](#i457d29718142481c885af8477cfb8075) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.13&nbsp;&nbsp;&nbsp;&nbsp;Taxes](#i1c8cdb36a3a0457aa476336bc38286b2) | [-119-](#i1c8cdb36a3a0457aa476336bc38286b2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.14&nbsp;&nbsp;&nbsp;&nbsp;Limitation on Indebtedness](#i917eb4c9dcf74dc4accd53c215427a11) | [-120-](#i917eb4c9dcf74dc4accd53c215427a11) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.15&nbsp;&nbsp;&nbsp;&nbsp;Guarantees](#i642bb8c6253940f099d9cf67e7209b54) | [-122-](#i642bb8c6253940f099d9cf67e7209b54) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.16&nbsp;&nbsp;&nbsp;&nbsp;Limitation on Liens](#ic5c8dc330074470c8c8d18116de6b808) | [-122-](#ic5c8dc330074470c8c8d18116de6b808) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.17&nbsp;&nbsp;&nbsp;&nbsp;Sale of Project Property](#i874eeb7794f847a0b1cb6d56e7dc2632) | [-122-](#i874eeb7794f847a0b1cb6d56e7dc2632) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.18&nbsp;&nbsp;&nbsp;&nbsp;Merger, Division, Liquidation and Sale of All Assets](#id1fa8d25110b417cb8d9390de2beb56f) | [-123-](#id1fa8d25110b417cb8d9390de2beb56f) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.19&nbsp;&nbsp;&nbsp;&nbsp;Limitation on Investments and Loans](#i9aeb65b5230c4acfb670fc7db44dbda9) | [-123-](#i9aeb65b5230c4acfb670fc7db44dbda9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.20&nbsp;&nbsp;&nbsp;&nbsp;Nature of Business](#i6b877e624afa497a96783522a11cfd34) | [-124-](#i6b877e624afa497a96783522a11cfd34) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.21&nbsp;&nbsp;&nbsp;&nbsp;Transactions with Affiliates](#ia715afec37974bdb93cc6e1526a1e619) | [-125-](#ia715afec37974bdb93cc6e1526a1e619) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.22&nbsp;&nbsp;&nbsp;&nbsp;Hedging Arrangements](#iaaf516444c8c44e6bff18c4496ee3b9d) | [-126-](#iaaf516444c8c44e6bff18c4496ee3b9d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.23&nbsp;&nbsp;&nbsp;&nbsp;Accounts](#i78c12323d9484557a883051005abe087) | [-127-](#i78c12323d9484557a883051005abe087) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.24&nbsp;&nbsp;&nbsp;&nbsp;Separateness](#ie00dde3e58e94f2f88eef81d83729469) | [-127-](#ie00dde3e58e94f2f88eef81d83729469) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.25&nbsp;&nbsp;&nbsp;&nbsp;Historical DSCR](#i6ad45b07f7504ac389c89f6f5aac0081) | [-129-](#i6ad45b07f7504ac389c89f6f5aac0081) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.26&nbsp;&nbsp;&nbsp;&nbsp;Auditors](#ic64aefd92a474fe38148144e294e5cb0) | [-129-](#ic64aefd92a474fe38148144e294e5cb0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.27&nbsp;&nbsp;&nbsp;&nbsp;Gas Supply Arrangements](#i3db3bf2dc84c4274b0f2d1da343ff5b3) | [-130-](#i3db3bf2dc84c4274b0f2d1da343ff5b3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.28&nbsp;&nbsp;&nbsp;&nbsp;Insurance Covenant](#id763427c4c744768b3de2889c3421ba2) | [-130-](#id763427c4c744768b3de2889c3421ba2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.29&nbsp;&nbsp;&nbsp;&nbsp;Certain Real Property Rights; Real Property Documents; Leases](#iac90a5e13bd9447ea69bb742f618172e) | [-131-](#iac90a5e13bd9447ea69bb742f618172e) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.30&nbsp;&nbsp;&nbsp;&nbsp;Margin Regulation](#i614475df45ef4a61b8fb53220b420b66) | [-131-](#i614475df45ef4a61b8fb53220b420b66) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.31&nbsp;&nbsp;&nbsp;&nbsp;Further Assurances](#id2f7c19f510c4a619db74ac1c774690e) | [-132-](#id2f7c19f510c4a619db74ac1c774690e) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.32&nbsp;&nbsp;&nbsp;&nbsp;As-Built Survey](#i38078c769095488a9a56ae73cdb924fc) | [-132-](#i38078c769095488a9a56ae73cdb924fc) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.33&nbsp;&nbsp;&nbsp;&nbsp;ERISA](#i0236b595bd9143d789be859f438c6284) | [-133-](#i0236b595bd9143d789be859f438c6284) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[12.34&nbsp;&nbsp;&nbsp;&nbsp;Phase 1 Project Facilities Placed In Service](#i041f87ebeb8946d4a890de1da7c92194) | [-133-](#i041f87ebeb8946d4a890de1da7c92194) |
| **[13.&nbsp;&nbsp;&nbsp;&nbsp;CONSULTANTS](#i4bd164274c2249aba3a6b202fb371994)** | **[-133-](#i4bd164274c2249aba3a6b202fb371994)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[13.1&nbsp;&nbsp;&nbsp;&nbsp;Appointment of Consultants](#ic346371b269c4f2eac782b596f18cc8d) | [-133-](#ic346371b269c4f2eac782b596f18cc8d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[13.2&nbsp;&nbsp;&nbsp;&nbsp;Replacement and Fees](#i1628b8218e074962afb7ef96824af6db) | [-133-](#i1628b8218e074962afb7ef96824af6db) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[13.3&nbsp;&nbsp;&nbsp;&nbsp;Access](#i7371b1d78dc249bb9175880c3eff6c49) | [-134-](#i7371b1d78dc249bb9175880c3eff6c49) |
| **[14.&nbsp;&nbsp;&nbsp;&nbsp;CONDITIONS TO PROJECT PHASE 1 COMPLETION; PROJECT PHASE 1 COMPLETION DATE TRANSFERS; CONDITIONS TO PROJECT PHASE 2 COMPLETION; PROJECT PHASE 2 COMPLETION DATE WATERFALL](#ie519cf4e23464173a60ce8a59332dbd3)** | **[-135-](#ie519cf4e23464173a60ce8a59332dbd3)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[14.1&nbsp;&nbsp;&nbsp;&nbsp;Conditions to Occurrence of the Project Phase 1 Completion Date](#i4327bc1f248348abb0af42716c79d14c) | [-135-](#i4327bc1f248348abb0af42716c79d14c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[14.2&nbsp;&nbsp;&nbsp;&nbsp;Project Phase 1 Completion Date Transfers](#ia68434666c6a42719a6b3d65417f34c8) | [-140-](#ia68434666c6a42719a6b3d65417f34c8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[14.3&nbsp;&nbsp;&nbsp;&nbsp;Conditions to Occurrence of the Project Phase 2 Completion Date](#i2dc2a99aa9c841e3a6b791494c37c21e) | [-141-](#i2dc2a99aa9c841e3a6b791494c37c21e) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[14.4&nbsp;&nbsp;&nbsp;&nbsp;Project Phase 2 Completion Date Waterfall](#i4205d6f491f941ed8d4a6feb22f01b71) | [-146-](#i4205d6f491f941ed8d4a6feb22f01b71) |
| **[15.&nbsp;&nbsp;&nbsp;&nbsp;LOAN FACILITY EVENTS OF DEFAULT](#i5fce2968ca904718810a7a7bfa7ec1ac)** | **[-148-](#i5fce2968ca904718810a7a7bfa7ec1ac)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[15.1&nbsp;&nbsp;&nbsp;&nbsp;Loan Facility Events of Default](#i347dffd1e2034eb6976596e0e854335e) | [-148-](#i347dffd1e2034eb6976596e0e854335e) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[15.2&nbsp;&nbsp;&nbsp;&nbsp;Declaration of Loan Facility Declared Default](#idef748cb50b8428b9a3d25be90a2edb1) | [-155-](#idef748cb50b8428b9a3d25be90a2edb1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[15.3&nbsp;&nbsp;&nbsp;&nbsp;Cessation of Loan Facility Declared Default](#i40190c9ec82f488d80b9dac0204fa3e0) | [-156-](#i40190c9ec82f488d80b9dac0204fa3e0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[15.4&nbsp;&nbsp;&nbsp;&nbsp;Instruction to Intercreditor Agent](#i951573e630604cc5b3a12329aec7870c) | [-156-](#i951573e630604cc5b3a12329aec7870c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[15.5&nbsp;&nbsp;&nbsp;&nbsp;Excluded Lenders](#ic87c4deb08a64d1c87eb826132f51d32) | [-156-](#ic87c4deb08a64d1c87eb826132f51d32) |
| **[16.&nbsp;&nbsp;&nbsp;&nbsp;COMMON REMEDIES AND ENFORCEMENT](#i7ecda2f5647e4024929dd2ae898c50ea)** | **[-157-](#i7ecda2f5647e4024929dd2ae898c50ea)** |

---

-iii-

CP2 – Amended & Restated Common Terms Agreement

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[16.1&nbsp;&nbsp;&nbsp;&nbsp;Facility Lender Remedies for Loan Facility Declared Events of Default](#i3d2d8dfc9a0b4482bc3c1a8087e867da) | [-157-](#i3d2d8dfc9a0b4482bc3c1a8087e867da) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[16.2&nbsp;&nbsp;&nbsp;&nbsp;Remedies for Events of Default under Facility Agreements](#ie2f14a57cb6741fe9093dbae6950fb7c) | [-158-](#ie2f14a57cb6741fe9093dbae6950fb7c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[16.3&nbsp;&nbsp;&nbsp;&nbsp;Permitted Actions under Common Security and Account Agreement](#i494ce0c9e0f048a1b357b227a742ccb9) | [-158-](#i494ce0c9e0f048a1b357b227a742ccb9) |
| **[17.&nbsp;&nbsp;&nbsp;&nbsp;INTERCREDITOR ARRANGEMENTS](#iddc332bd102f46179ba61d00888f27bb)** | **[-158-](#iddc332bd102f46179ba61d00888f27bb)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[17.1&nbsp;&nbsp;&nbsp;&nbsp;Facility Agents; Facility Lender Action](#id3009cf82cb14f6698f08ac314f35bde) | [-158-](#id3009cf82cb14f6698f08ac314f35bde) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[17.2&nbsp;&nbsp;&nbsp;&nbsp;Agreement to Comply with Intercreditor Agreement](#i30c82b4e798044c08150a6e3ef3aa383) | [-159-](#i30c82b4e798044c08150a6e3ef3aa383) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[17.3&nbsp;&nbsp;&nbsp;&nbsp;Agreement Not to Amend Entrenched Intercreditor Provisions](#i40ff6926dc93447bb221a14a7db4ed87) | [-159-](#i40ff6926dc93447bb221a14a7db4ed87) |
| **[18.&nbsp;&nbsp;&nbsp;&nbsp;THE INTERCREDITOR AGENT](#i237c6f2241064813b54215f0cbd49349)** | **[-161-](#i237c6f2241064813b54215f0cbd49349)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[18.1&nbsp;&nbsp;&nbsp;&nbsp;Intercreditor Agreement](#i34a6076f0b724f2ea2b9d1a1623bc98d) | [-161-](#i34a6076f0b724f2ea2b9d1a1623bc98d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[18.2&nbsp;&nbsp;&nbsp;&nbsp;Relationship](#i7be66714b8cc4ad9a9d0f3e6329b22a9) | [-161-](#i7be66714b8cc4ad9a9d0f3e6329b22a9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[18.3&nbsp;&nbsp;&nbsp;&nbsp;Delivery of Documentation](#ib40fc9af88ee48ec8d9345ef14332586) | [-161-](#ib40fc9af88ee48ec8d9345ef14332586) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[18.4&nbsp;&nbsp;&nbsp;&nbsp;Liability](#iaeabaf3c566f417e9cfecd838411d2d3) | [-161-](#iaeabaf3c566f417e9cfecd838411d2d3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[18.5&nbsp;&nbsp;&nbsp;&nbsp;Exoneration](#i7ab6dc7f8cf84e7c91f278c17e574f35) | [-162-](#i7ab6dc7f8cf84e7c91f278c17e574f35) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[18.6&nbsp;&nbsp;&nbsp;&nbsp;Reliance](#i85972495994f4d59b1e48dfbbc9f3832) | [-162-](#i85972495994f4d59b1e48dfbbc9f3832) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[18.7&nbsp;&nbsp;&nbsp;&nbsp;Resignation and Succession](#i2de03a14c7404d1580ec3939f1bbe5f8) | [-162-](#i2de03a14c7404d1580ec3939f1bbe5f8) |
| **[19.&nbsp;&nbsp;&nbsp;&nbsp;CHANGES TO THE PARTIES](#i8bfd436bad7f43daa00f354d4db75923)** | **[-163-](#i8bfd436bad7f43daa00f354d4db75923)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[19.1&nbsp;&nbsp;&nbsp;&nbsp;Represented Parties; Successors and Assigns](#i522c0fbe2149423b8897bc4f9829b6fd) | [-163-](#i522c0fbe2149423b8897bc4f9829b6fd) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[19.2&nbsp;&nbsp;&nbsp;&nbsp;Transfers by the Obligors](#ie54d9fd7931d4a309638e078dad95f71) | [-163-](#ie54d9fd7931d4a309638e078dad95f71) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[19.3&nbsp;&nbsp;&nbsp;&nbsp;Replacement of Facility Agents](#i996ef96c116c49b69c82fb7d3f911a6f) | [-163-](#i996ef96c116c49b69c82fb7d3f911a6f) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[19.4&nbsp;&nbsp;&nbsp;&nbsp;Accession in the Event of Additional Senior Debt Incurred Under the Common Terms Agreement](#i6e432da009c64781a779ad215c1291b6) | [-164-](#i6e432da009c64781a779ad215c1291b6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[19.5&nbsp;&nbsp;&nbsp;&nbsp;Mitigation Obligations; Replacement of Lenders](#ief2e3a5ab2be4c72b82d14965c649514) | [-166-](#ief2e3a5ab2be4c72b82d14965c649514) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[19.6&nbsp;&nbsp;&nbsp;&nbsp;Transfers by a Facility Lender](#i32aeaca0668249c584875fd5bf5880b9) | [-169-](#i32aeaca0668249c584875fd5bf5880b9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[19.7&nbsp;&nbsp;&nbsp;&nbsp;Register](#i9ddedc2aad144ec2aa2024395ca4bd2c) | [-169-](#i9ddedc2aad144ec2aa2024395ca4bd2c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[19.8&nbsp;&nbsp;&nbsp;&nbsp;Resulting Increased Costs](#ie28e519ff6d84b6294fbc22de6e902e1) | [-169-](#ie28e519ff6d84b6294fbc22de6e902e1) |
| **[20.&nbsp;&nbsp;&nbsp;&nbsp;SUBORDINATION](#ifb5cbc877f52420f8f34784951a5c159)** | **[-170-](#ifb5cbc877f52420f8f34784951a5c159)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[20.1&nbsp;&nbsp;&nbsp;&nbsp;Subordination](#ia2915f7b8dc44835a0d98076e8b15cd0) | [-170-](#ia2915f7b8dc44835a0d98076e8b15cd0) |
| **[21.&nbsp;&nbsp;&nbsp;&nbsp;TAX GROSS-UP AND INDEMNITIES](#ic68eaa44439c4ab5884be687803a9bfd)** | **[-170-](#ic68eaa44439c4ab5884be687803a9bfd)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[21.1&nbsp;&nbsp;&nbsp;&nbsp;Withholding Tax Gross-Up](#i7722e3e752c2451e8fe2b28704d93c89) | [-170-](#i7722e3e752c2451e8fe2b28704d93c89) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[21.2&nbsp;&nbsp;&nbsp;&nbsp;Payment of Other Taxes](#i8cdee0e6f4134986a131c424c4477d60) | [-171-](#i8cdee0e6f4134986a131c424c4477d60) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[21.3&nbsp;&nbsp;&nbsp;&nbsp;Indemnification by the Borrower](#i6691b8eec3ca4a02a1d61eb05bc30989) | [-171-](#i6691b8eec3ca4a02a1d61eb05bc30989) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[21.4&nbsp;&nbsp;&nbsp;&nbsp;Indemnification by the Facility Lenders](#ie047fe19e6454be1ac647b711ad7a32a) | [-171-](#ie047fe19e6454be1ac647b711ad7a32a) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[21.5&nbsp;&nbsp;&nbsp;&nbsp;Status of Facility Lenders and Facility Agents](#i2e59f525e0b644c89eb200afac635130) | [-172-](#i2e59f525e0b644c89eb200afac635130) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[21.6&nbsp;&nbsp;&nbsp;&nbsp;Refunds](#i955f2526f1c1412681b80aeb47b2f557) | [-175-](#i955f2526f1c1412681b80aeb47b2f557) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[21.7&nbsp;&nbsp;&nbsp;&nbsp;Evidence of Payments](#i0b320ff8150142f6a74fbdfbe402a999) | [-176-](#i0b320ff8150142f6a74fbdfbe402a999) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[21.8&nbsp;&nbsp;&nbsp;&nbsp;Survival](#idfb1815a1aee4edb8185d0b03c4a5381) | [-176-](#idfb1815a1aee4edb8185d0b03c4a5381) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[21.9&nbsp;&nbsp;&nbsp;&nbsp;Defined Terms](#ib1da1dcae2ea4676b5ad83f4b1399c2b) | [-176-](#ib1da1dcae2ea4676b5ad83f4b1399c2b) |
| **[22.&nbsp;&nbsp;&nbsp;&nbsp;INCREASED COSTS](#i8d2e9a550b314920b3af964e41bfba35)** | **[-176-](#i8d2e9a550b314920b3af964e41bfba35)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[22.1&nbsp;&nbsp;&nbsp;&nbsp;Increased Costs](#i6dc07ae63a2348a1a9982e3b4dfbcc24) | [-176-](#i6dc07ae63a2348a1a9982e3b4dfbcc24) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[22.2&nbsp;&nbsp;&nbsp;&nbsp;Relationship Between Increased Costs and Taxes](#i9886134a5eb64d7b9844a7ddb4144964) | [-178-](#i9886134a5eb64d7b9844a7ddb4144964) |
| **[23.&nbsp;&nbsp;&nbsp;&nbsp;MISCELLANEOUS](#i5d419c9dae1040db936c5870480f1795)** | **[-179-](#i5d419c9dae1040db936c5870480f1795)** |

---

-iv-

CP2 – Amended & Restated Common Terms Agreement

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.1&nbsp;&nbsp;&nbsp;&nbsp;Termination](#i995d94a3c3824872bf808a81a0c4ecbe) | [-179-](#i995d94a3c3824872bf808a81a0c4ecbe) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.2&nbsp;&nbsp;&nbsp;&nbsp;Right of Set-Off](#ic7222bc2b70b42e5a6ff084f8b2aaa2d) | [-179-](#ic7222bc2b70b42e5a6ff084f8b2aaa2d) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.3&nbsp;&nbsp;&nbsp;&nbsp;Waiver of Immunity](#ief65112e578a4486bf9cf5693e24bee4) | [-180-](#ief65112e578a4486bf9cf5693e24bee4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.4&nbsp;&nbsp;&nbsp;&nbsp;Expenses](#i372b17f9b8774950b9e2308d2be80bbf) | [-180-](#i372b17f9b8774950b9e2308d2be80bbf) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.5&nbsp;&nbsp;&nbsp;&nbsp;Calculation of Floating Rate Obligations](#ibbfb35f4d9f3419099874bbb76fb94d9) | [-182-](#ibbfb35f4d9f3419099874bbb76fb94d9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.6&nbsp;&nbsp;&nbsp;&nbsp;Severability](#i61ec1958f974483483f840c70592bbe4) | [-182-](#i61ec1958f974483483f840c70592bbe4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.7&nbsp;&nbsp;&nbsp;&nbsp;Confidentiality](#ie5a043d8fe824a1597919476002ece91) | [-183-](#ie5a043d8fe824a1597919476002ece91) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.8&nbsp;&nbsp;&nbsp;&nbsp;Notices](#i78122ae86e034138ab2e55013ec2cd1f) | [-183-](#i78122ae86e034138ab2e55013ec2cd1f) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.9&nbsp;&nbsp;&nbsp;&nbsp;Successors and Assigns; Benefits of Agreement](#id03551ba0b7d4481a8a49f1657c92638) | [-186-](#id03551ba0b7d4481a8a49f1657c92638) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.10&nbsp;&nbsp;&nbsp;&nbsp;Remedies](#if70ce8e3e5cc484fb6f77f37561c9a71) | [-186-](#if70ce8e3e5cc484fb6f77f37561c9a71) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.11&nbsp;&nbsp;&nbsp;&nbsp;Execution in Counterparts; E-Signature](#idc45e52c99b64ee1b0cb645f85bb6622) | [-187-](#idc45e52c99b64ee1b0cb645f85bb6622) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.12&nbsp;&nbsp;&nbsp;&nbsp;Governing Law](#i2b9d650a75d64a98a0e327928fa7241f) | [-188-](#i2b9d650a75d64a98a0e327928fa7241f) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.13&nbsp;&nbsp;&nbsp;&nbsp;Waiver of Jury Trial](#ie44901648d9b4375b9528a6b64ae2e11) | [-188-](#ie44901648d9b4375b9528a6b64ae2e11) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.14&nbsp;&nbsp;&nbsp;&nbsp;Consent to Jurisdiction](#ia03023beb1f4419eabeb9fcf40ca5759) | [-188-](#ia03023beb1f4419eabeb9fcf40ca5759) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.15&nbsp;&nbsp;&nbsp;&nbsp;Amendments](#i43750cf8b5a04aa48d27c84efa19dc61) | [-189-](#i43750cf8b5a04aa48d27c84efa19dc61) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.16&nbsp;&nbsp;&nbsp;&nbsp;Conflicts](#if0be1d73227b49aead3d256ecc1c10d8) | [-190-](#if0be1d73227b49aead3d256ecc1c10d8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.17&nbsp;&nbsp;&nbsp;&nbsp;Effectiveness](#i78b5bfccac6c41f1adc034b5c1e52dce) | [-190-](#i78b5bfccac6c41f1adc034b5c1e52dce) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.18&nbsp;&nbsp;&nbsp;&nbsp;Limitations on Liability](#i4da0e365bc0d4d569b56cd28f9128f5c) | [-190-](#i4da0e365bc0d4d569b56cd28f9128f5c) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.19&nbsp;&nbsp;&nbsp;&nbsp;Survival of Obligations](#i0c14781b6a48475a94c31e0f2782ea2f) | [-190-](#i0c14781b6a48475a94c31e0f2782ea2f) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.20&nbsp;&nbsp;&nbsp;&nbsp;No Fiduciary Duty](#if381a3b6622046d7886219fda95352f1) | [-191-](#if381a3b6622046d7886219fda95352f1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.21&nbsp;&nbsp;&nbsp;&nbsp;USA Patriot Act Notice](#i96cb604010f24a659fa7a7504410edb2) | [-191-](#i96cb604010f24a659fa7a7504410edb2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.22&nbsp;&nbsp;&nbsp;&nbsp;Limited Recourse](#ie0499425e3c54b6299eab96e2416d3d2) | [-192-](#ie0499425e3c54b6299eab96e2416d3d2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.23&nbsp;&nbsp;&nbsp;&nbsp;Entire Agreement](#id889f4430a464ba5aedf1ded277a31b4) | [-193-](#id889f4430a464ba5aedf1ded277a31b4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.24&nbsp;&nbsp;&nbsp;&nbsp;Tax Treatment](#iea26bf11ce354c089fb5adb3ac5fb2db) | [-194-](#iea26bf11ce354c089fb5adb3ac5fb2db) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[23.25&nbsp;&nbsp;&nbsp;&nbsp;Amendment and Restatement](#i3d940741913e4c079cacbb755a40c703) | [-194-](#i3d940741913e4c079cacbb755a40c703) |

---

-v-

CP2 – Amended & Restated Common Terms Agreement

&nbsp;&nbsp;&nbsp;&nbsp;

------

**SCHEDULES**

**Schedule 5.1(f)(ii)** Prior Locations&nbsp;&nbsp;&nbsp;&nbsp;5.1(f)(ii)-1

**Schedule 5.2(m)** Real Property Interests&nbsp;&nbsp;&nbsp;&nbsp;5.2(m)-1

**Schedule A** Common Definitions and Rules of Interpretation&nbsp;&nbsp;&nbsp;&nbsp;A-1

**Schedule B – 1** Disbursement Request Form (Term Loans)&nbsp;&nbsp;&nbsp;&nbsp;B-1

**Schedule B – 2** Disbursement Request Form (Working Capital Loans)&nbsp;&nbsp;&nbsp;&nbsp;B-2

**Schedule B – 3** Issuance Request Form (Letters of Credit)&nbsp;&nbsp;&nbsp;&nbsp;B-1

**Schedule C – 1** Table of Requirements for Legal Opinions – Conditions to Initial Closing

&nbsp;&nbsp;&nbsp;&nbsp;C-1

**Schedule C – 2** Table of Requirements for Legal Opinions – Conditions to <br>Upsize Closing&nbsp;&nbsp;&nbsp;&nbsp;C-2

**Schedule C – 3** Table of Requirements for Legal Opinions – Conditions to Permitted<br>Approved Expansion Debt &nbsp;&nbsp;&nbsp;&nbsp;C-3

**Schedule D – 1** Construction Budget and Schedule – Construction Budget&nbsp;&nbsp;&nbsp;&nbsp;D-1

**Schedule D – 2** Construction Budget and Schedule – Construction Schedule&nbsp;&nbsp;&nbsp;&nbsp;D-2

**Schedule E** Know Your Customer Documentation&nbsp;&nbsp;&nbsp;&nbsp;E-1

**Schedule F** Material Permits&nbsp;&nbsp;&nbsp;&nbsp;F-1

**Schedule G** Disclosure Schedule&nbsp;&nbsp;&nbsp;&nbsp;G-1

**Schedule H** Material Project Agreements and Certain Other Contracts&nbsp;&nbsp;&nbsp;&nbsp;H-1

**Schedule I** Change Orders&nbsp;&nbsp;&nbsp;&nbsp;I-1

**Schedule J** Transactions With Affiliates&nbsp;&nbsp;&nbsp;&nbsp;J-1

**Schedule K** [Reserved]&nbsp;&nbsp;&nbsp;&nbsp;K-1

**Schedule L** Schedule of Minimum Insurance&nbsp;&nbsp;&nbsp;&nbsp;L-1

**Schedule M** Independent Insurance Experts&nbsp;&nbsp;&nbsp;&nbsp;M-1

**Schedule N** Senior Creditors' Advisors and Consultants&nbsp;&nbsp;&nbsp;&nbsp;N-1

**Schedule O – 1** Phase 1 Lenders' Reliability Test Criteria&nbsp;&nbsp;&nbsp;&nbsp;O-1

**Schedule O – 2** Lenders' Reliability Test Criteria&nbsp;&nbsp;&nbsp;&nbsp;O-2

**Schedule P – 1** Replacement Facility Agent Accession Agreement&nbsp;&nbsp;&nbsp;&nbsp;P-1

**Schedule P – 2** New Facility Agent Accession Agreement (Additional Senior Debt)&nbsp;&nbsp;&nbsp;&nbsp;P-2

**Schedule Q – 1** Addresses For Notices To Obligors&nbsp;&nbsp;&nbsp;&nbsp;Q-1

**Schedule Q – 2** Addresses For Notices To Facility Agents And Facility Lenders&nbsp;&nbsp;&nbsp;&nbsp;Q-2

**Schedule R** Base Case Forecast&nbsp;&nbsp;&nbsp;&nbsp;R-1

-vi-

CP2 – Amended & Restated Common Terms Agreement

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule S – 1** Form of General Subordination Agreement&nbsp;&nbsp;&nbsp;&nbsp;S-1

**Schedule S – 2** Form of Obligor Subordination Agreement&nbsp;&nbsp;&nbsp;&nbsp;S-2

**Schedule T** Knowledge Parties&nbsp;&nbsp;&nbsp;&nbsp;T-1

**Schedule U** Real Property Documents&nbsp;&nbsp;&nbsp;&nbsp;U-1

**Schedule V** Schedule of Certain Real Property Rights&nbsp;&nbsp;&nbsp;&nbsp;V-1

**Schedule W** Form of Disbursement Endorsement&nbsp;&nbsp;&nbsp;&nbsp;W-1

**Schedule X** Phase I Environmental Assessments&nbsp;&nbsp;&nbsp;&nbsp;X-1

**Schedule Y** Disqualified Institutions&nbsp;&nbsp;&nbsp;&nbsp;Y-1

**Schedule Z** Disqualified Advisors&nbsp;&nbsp;&nbsp;&nbsp;Z-1

**Schedule AA** Survey Endorsements&nbsp;&nbsp;&nbsp;&nbsp;AA-1

**Schedule BB** Direct Agreements&nbsp;&nbsp;&nbsp;&nbsp;BB-1

-vii-

CP2 – Amended & Restated Common Terms Agreement

&nbsp;&nbsp;&nbsp;&nbsp;

------

**AMENDED AND RESTATED COMMON TERMS AGREEMENT**

**FOR THE LOANS**

This **AMENDED AND RESTATED COMMON TERMS AGREEMENT FOR THE LOANS**, dated as of March 13, 2026 (the "*Common Terms Agreement*" or this "*Agreement*"), is made among:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.**VENTURE GLOBAL CP2 LNG, LLC**, a limited liability company organized under the laws of the State of Delaware (the "*Borrower*"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.**VENTURE GLOBAL CP EXPRESS, LLC**, a limited liability company organized under the laws of the State of Delaware (the "*Pipeline Company*"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii.**CP2 PROCUREMENT, LLC**, a limited liability company organized under the laws of the State of Delaware ("*Procurement Company*" and, together with the Pipeline Company, the "*Guarantors*" and each a "*Guarantor*"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv.**MUFG BANK, LTD.**, as the Facility Agent for the Credit Facility Lender Parties under the Credit Facility Agreement on behalf of itself and the Credit Facility Lender Parties (the "*Credit Facility Agent*"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v.each other Facility Agent that is Party hereto from time to time in accordance with this Agreement and the other Finance Documents on behalf of itself and the Facility Lenders under its Facility Agreement, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi.**MUFG BANK, LTD.**, as the intercreditor agent for the Facility Lenders on the terms and conditions set forth in the Intercreditor Agreement (in such capacity, the "*Intercreditor Agent*").

**1. DEFINITIONS AND INTERPRETATION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Except as otherwise expressly provided herein, capitalized terms used in this Agreement and its Schedules shall have the meanings assigned to them in Section 1.3 of Schedule A (*Common Definitions and Rules of Interpretation* – *Definitions*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)In this Agreement and the Schedules hereto, except as otherwise expressly provided herein, the interpretation provisions contained in Section 1.2 of Schedule A (*Common Definitions and Rules of Interpretation – Interpretation*) shall apply.

**2. GENERAL PRINCIPLES OF THE LOANS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.1Purpose and Scope of the Loans**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Borrower shall use the proceeds of the Upsized Senior Debt solely in accordance with Section 12.1 (*Use of Proceeds*).

&nbsp;&nbsp;&nbsp;&nbsp;

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Borrower shall use the proceeds of any Senior Debt other than the Upsized Senior Debt for the respective purposes specified in the relevant Facility Agreement or other applicable Senior Debt Instrument or Permitted Senior Debt Hedging Instrument pursuant to which such Senior Debt is incurred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)No Facility Lender or Facility Agent or the Intercreditor Agent is bound to monitor or verify the application of any amount borrowed by the Borrower pursuant to this Agreement or any other Finance Document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.2Sequence of Advances of Senior Debt**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Subject to the satisfaction (or waiver) of the applicable conditions in Article 4 (*Conditions Precedent*) and during the Term Loan Availability Period and/or Working Capital Loan Availability Period, as applicable, Advances by the Credit Facility Lenders under the Credit Facility Agreement in respect of Term Loan Commitments shall be made after (or, in the case of the Advance to be made on the Initial Closing Date, concurrently with) (i) the funding to the Borrower and the Guarantors in full of all of the proceeds of the Equity Funding made on the Initial Closing Date pursuant to the Contribution Agreement and (ii) in respect of Advances on or after the Upsize Closing Date, the funding to the Borrower and the Guarantors in full of all of the proceeds of the Equity Funding made on or prior to the Upsize Closing Date pursuant to the Contribution Agreement (Upsize Closing).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The sequencing of Advances under any Senior Debt (including Additional Senior Debt) other than the Upsized Senior Debt shall be as set forth in the Senior Debt Instrument for such Senior Debt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.3Loan Disbursement and Letter of Credit Issuance Procedures**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)All disbursements of Loans shall be made to the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Disbursements of Loans and, as applicable, issuances of letters of credit shall be requested by the Borrower in a duly completed Disbursement Request substantially in the form set forth in Schedule B-1 (*Disbursement Request Form (Term Loans)*), Schedule B-2 (*Disbursement Request Form (Working Capital Loans)*) or Schedule B-3 (*Issuance Request Form (Letters of Credit)*) (or in such other form as may be required pursuant to a Facility Agreement) and, with respect to Loans, may be requested no more frequently than twice in any calendar month, except:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)as required for payment of interest and commitment fees during the Availability Period; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)as otherwise provided in the relevant Facility Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The Borrower shall request disbursements of Loans by delivering to the Intercreditor Agent and each Facility Agent in respect of the Loans being requested a Disbursement Request in accordance with Section 2.4 (*Pro Rata Advances*) and the terms of the relevant Facility Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Each Disbursement Request shall be irrevocable and the obligation of each Facility Lender to make an Advance under its Facility Agreement shall be subject to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)with respect to the Initial Advance of the Term Loans and the issuance of any letters of credit under the Working Capital Facility required to be issued as of the Initial Closing Date, the prior satisfaction or waiver of each of the common conditions precedent set forth in (x) Section 4.1 (*Conditions to Initial Closing Date and Initial Advance*) and (y) Section 4.3 (*Conditions to Each Term Loan Advance*) or Section 4.4 (*Conditions to each Advance under the Working Capital Facility*), as applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)with respect to any Advance of the Term Loans following the Initial Advance, the prior satisfaction or waiver of each of the common conditions precedent set forth in Section 4.3 (*Conditions to Each Term Loan Advance*); provided that, for any Advance of the Term Loans made after the Upsize Closing Date, each of the common conditions precedent set forth in Section 4.2 (*Conditions to Upsize Closing Date*) have previously been satisfied or waived;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)with respect to any Advance under the Working Capital Facility, including issuance of letters of credit thereunder (other than the issuance of any letters of credit under the Working Capital Facility required to be issued as of the Initial Closing Date or on the Upsize Closing Date), the prior satisfaction or waiver of each of the common conditions precedent set forth in Section 4.4 (*Conditions to Each Advance under the Working Capital Facility*); provided that, for any Advance under the Working Capital Facility, including issuance of letters of credit thereunder, made after the Upsize Closing Date, each of the common conditions precedent set forth in Section 4.2 (*Conditions to Upsize Closing Date*) have previously been satisfied or waived; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)with respect to any Advance made under any other Facility Agreement, the prior satisfaction of each of the conditions precedent to such Advance set forth in such Facility Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.4Pro Rata Advances** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Except with respect to (i) any Facility Debt Commitments that have been suspended pursuant to any Facility Agreement, (ii) Loans the proceeds of which are to be used for specified purposes, including Working Capital Debt, as specified in the applicable Facility Agreements, and (iii) Advances to pay interest and commitment fees during the applicable Availability Period under a respective Facility Agreement (which shall be borrowed pursuant to the terms of such respective Facility Agreement), the Borrower (x) shall borrow concurrently under each of the Facility Agreements whose Facility Debt Commitments have not been fully borrowed or cancelled and (y) shall borrow *pro rata* in the proportion that the unborrowed portion of each Facility Lender's Facility Debt Commitment bears to the total of the unborrowed portion of the Senior Debt Commitments of all relevant Facility Lenders under the applicable Facility Agreements (except in the case of clause (y), with respect to the

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Credit Facility Agreement, (A) as between the Tranche 1 Term Loan Commitments and Tranche 2 Term Loan Commitments, the Borrower shall (i) first, borrow only the Tranche 2 Term Loans, until the outstanding Term Loans of each Tranche as compared to the aggregate outstanding Term Loans (across both Tranches) shall be equal to the proportion of Term Loan Commitments of such Tranche as compared to the Aggregate Term Loan Commitments, and (ii) thereafter, borrow the Tranche 1 Term Loans and the Tranche 2 Term Loans on a *pro rata* basis, (B) as among Term Lenders of a Tranche, the Borrower shall borrow *pro rata* in the proportion that the unborrowed portion of each Term Lender's Term Loan Commitment of such Tranche bears to the total of the unborrowed portion of the Term Loan Commitments of such Tranche of all relevant Term Lenders, (C) subject to the terms of the Credit Facility Agreement, use commercially reasonable efforts to borrow Tranche 1 Working Capital Loans and Tranche 2 Working Capital Loans in such a manner that (i) following each borrowing of Working Capital Loans, the Working Capital Utilization of each Tranche as compared to the total Working Capital Utilization is proportionate to the Working Capital Commitments of such Tranche as compared to the Aggregate Working Capital Commitment and (ii) absent operational or Material Project Agreement-related considerations, avoids sustained or material imbalances between (x) the Working Capital Utilization of each Tranche as compared to the total Working Capital Utilization and (y) the Working Capital Commitment of each Tranche as compared to the Aggregate Working Capital Commitment, and (D) as among Working Capital Lenders of a Tranche, the Borrower shall borrow *pro rata* in the proportion that the unborrowed portion of each Working Capital Lender's Working Capital Commitment of such Tranche bears to the total of the unborrowed portion of the Working Capital Commitments of such Tranche of all relevant Working Capital Lenders). If Advances cannot be made exactly *pro rata* due solely to minimum disbursement amounts and required integral multiples of disbursements under any Facility Agreement, Advances shall be made in amounts as near to such exactly proportionate amounts as possible, to the extent reasonably practicable and in a manner that is consistent, fair and equitable across affected Facility Agreements, and shall be deemed to be Advances in compliance with this Section 2.4 (*Pro Rata Advances*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Borrower shall promptly notify the Intercreditor Agent (providing reasonably sufficient details) if funds are not received from any Facility Lender by the close of business on the next succeeding Business Day after the date on which any such disbursement is due to be received.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.5Interest**

Interest shall accrue on each Loan at the times and in the amounts specified in the relevant Facility Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.6Currency**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Borrower shall only submit a Disbursement Request denominated in whole US Dollars except in the case of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the final Advance under a Facility Agreement; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)any Advance, in whole or in part, in respect of the payment of interest or commitment fees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)All Loans shall be stated, made and disbursed in US Dollars.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The portion of any Advance comprising funds under any Facility Agreement shall not exceed the available Facility Debt Commitment under such Facility Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)The minimum quantum of any Advance under a Facility Agreement shall be as specified in such Facility Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)The Borrower shall make all payments of any amount with respect to the Loans (whether comprising fees, interest, principal, premium, if any, or Funding Losses) in US Dollars.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.7Acknowledgement and Consent to Bail-In of Affected Financial Institutions**

Notwithstanding anything to the contrary in any Finance Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any Finance Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the effects of any Bail-in Action on any such liability, including, if applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)a reduction in full or in part or cancellation of any such liability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Finance Document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.8Acknowledgement Regarding Any Supported QFCs**

To the extent that the Finance Documents provide support, through a guarantee or otherwise, for Permitted Hedging Instruments or any other agreement or

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instrument that is a QFC (such support, "*QFC Credit Support*" and each such QFC a "*Supported QFC*"), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the "*U.S. Special Resolution Regimes*") in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Finance Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)In the event a Covered Entity that is party to a Supported QFC (each, a "*Covered Party*") becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Finance Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Finance Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)As used in this Section 2.8 (*Acknowledgement Regarding Any Supported QFC*s), the following terms have the following meanings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)"*BHC Act Affiliate*" of a party means an "affiliate" (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)"*Covered Entity*" means any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)a "covered entity" as that term is defined in, and interpreted in accordance with, 12 C.F.R. §252.82(b);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)a "covered bank" as that term is defined in, and interpreted in accordance with, 12 C.F.R. §47.3(b); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)a "covered FSI" as that term is defined in, and interpreted in accordance with, 12 C.F.R. §382.2(b).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)"*Default Right*" has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)"*QFC*" has the meaning assigned to the term "qualified financial contract" in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).

**3. REPAYMENT, PREPAYMENT AND CANCELLATION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1CTA Payment Dates**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Subject to the relevant Facility Agreement, the Borrower shall pay the interest, and repay the principal on each Loan made available to it under each Facility Agreement in installments, which shall be payable on each CTA Payment Date up to and including the Final Maturity Date under such Facility Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Borrower shall ensure that any Senior Debt Instrument (other than any Indenture) provides that the dates for payment of principal under each such Senior Debt Instrument coincide with the Quarterly Payment Dates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The interest periods, date of first payment of interest and date of first repayment of principal in respect of Loans shall be as specified in the Facility Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)The amount of Senior Debt Obligations payable by the Borrower on any CTA Payment Date shall be calculated in accordance with the provisions of the Senior Debt Instrument or Permitted Senior Debt Hedging Instrument pursuant to which such Senior Debt was incurred as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)in respect of principal payments, based on the applicable Amortization Schedule or other principal repayment requirements applicable under the applicable Facility Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)in respect of interest payments, in accordance with the provisions of the applicable Facility Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)in respect of Permitted Senior Debt Hedging Liabilities, in accordance with the provisions of the applicable Permitted Senior Debt Hedging Instrument; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)in respect of all other Senior Debt Obligations, in accordance with the applicable Senior Debt Instrument and the Finance Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)The Borrower shall repay on the Final Maturity Date set forth under each Facility Agreement the full amount of the Loans then outstanding under each such Facility Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)If any payment due under a Loan or any other amount owed to any Facility Lender falls due on a day which is not a "business day" under the terms of the applicable Facility Agreement, the due date for such payment shall be determined in accordance with the terms of such Facility Agreement, except in the case of the Final Maturity Date under a Facility

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Agreement, in which case the due date for such payment with respect to such Facility Agreement shall be the immediately preceding Business Day; *provided* that, in each case, if the due date for any payment under a Loan is extended or shortened as a result of such determination, such extended or shortened period, as the case may be, shall be used in the computation of the amount of interest owed on such extended or shortened due date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2Right of Repayment and Cancellation in Relation to a Single Facility Lender**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Except as otherwise provided in the relevant Facility Agreement, if any of the circumstances in Section 19.5(c) (*Mitigation Obligations; Replacement of Lenders*) occurs (other than an Illegality Event, which is addressed under Section 3.4(a)(vi) (*Mandatory Prepayments - Illegality*)), the Borrower shall have the right (but not the obligation) to give the Intercreditor Agent and the relevant Facility Lender at least three Business Days' written notice of its intention to cancel the Facility Debt Commitments and repay the Loans of the Facility Lender affected by the relevant circumstance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)On receipt of a notice referred to in clause (a) above:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Facility Debt Commitment of such Facility Lender shall immediately be reduced to zero; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the Borrower shall, subject to Section 3.5(c) (*Voluntary Prepayments*) repay (on a non-*pro rata* basis) all Senior Debt Obligations owed to such Facility Lender on the last day of the Relevant Interest Period which ends after the Borrower has given notice under clause (a) above (or, if earlier, the date specified by the Borrower in such notice or as required by law).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Such repayment may be made with the proceeds of Replacement Debt incurred in accordance with Section 6.3 (*Replacement Debt*) or with other funds then available to the Borrower and permitted under the Finance Documents to be used for such purpose.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.3No Repayments or Prepayments**

No repayments or prepayments of any Loan may be made other than the repayments or prepayments expressly required or permitted by this Article 3 (*Repayment, Prepayment and Cancellation*) and, with respect to each Loan, the applicable Facility Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.4Mandatory Prepayments**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Except in the following circumstances, no mandatory prepayments of the Loans are required to be made by the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)*Insurance and Condemnation Proceeds*

The Borrower shall make any prepayments of the Loans required to be made with respect to certain Insurance Proceeds and

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Condemnation Proceeds in accordance with Section 5.2 (*Insurance and Condemnation Proceeds*) of the Common Security and Account Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)*Performance Liquidated Damages*

Any Performance Liquidated Damages in excess of $20 million (in the aggregate across the Material Construction Contracts) that are paid to any Obligor pursuant to a Material Construction Contract shall be deposited into the Additional Proceeds Prepayment Account(s) and applied by the Borrower to make prepayments of the Loans, except to the extent such amounts are applied to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)complete or repair the Project Facilities in respect of which the Performance Liquidated Damages were paid or to pay Project Costs in respect of the Project Facilities within 180 days following receipt thereof (plus up to an additional 90 days if a commitment to complete, repair, refurbish or improve such Project Facilities or to pay such Project Costs is entered into within 180 days following the receipt of such proceeds); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)repay or reimburse providers of Equity Funding to the extent such Equity Funding was used to complete or repair the Project Facilities in respect of which the Performance Liquidated Damages were paid or to pay Project Costs in respect of the Project Facilities; *provided* that, in no event shall any Equity Contribution be repaid or reimbursed pursuant to this clause (B). 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)*LNG SPA Prepayment Events*

The Borrower shall make prepayments (if any) of Loans and cancel Senior Debt Commitments as may be required upon the occurrence of an LNG SPA Prepayment Event in accordance with Section 8.2 (*LNG SPA Mandatory Prepayment*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)*Termination Payments*

In the event that the Borrower receives any termination payments or proceeds in connection with the termination of any Material Project Agreement, such amounts shall be deposited into the Additional Proceeds Prepayment Account(s) to make prepayments of the Loans, except to the extent such amounts are applied to any Replacement Material Contract within 60 days following termination of such Material Project Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)*Net Cash Proceeds from the Sale of Project Property*

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To the extent that Net Cash Proceeds are received by an Obligor from the sale of Project Property (other than asset sales permitted under Section 12.17 (*Sale of Project Property*)), and those Net Cash Proceeds are not used to purchase replacement assets for the then-applicable Project Property within 270 days following receipt thereof, the Borrower shall make prepayments of the Loans in the amount of those unused proceeds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)*Illegality*

Except as otherwise provided in a Facility Agreement in respect of Advances based on SOFR, upon the Intercreditor Agent providing notice to the Borrower of an Illegality Event with respect to a Facility Lender (together with the related information about such illegality described in Section 19.5 (*Mitigation Obligations; Replacement of Lenders*)), and subject to Section 19.5 (*Mitigation Obligations; Replacement of Lenders*):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)the Facility Debt Commitment of such Facility Lender shall be suspended until such date during the applicable Availability Period that such Facility Lender notifies its Facility Agent that the circumstances giving rise to such determination no longer exist; *provided* that, if the Borrower notifies the affected Facility Lender and the Intercreditor Agent that it intends to exercise its rights under Section 19.5 (*Mitigation Obligations; Replacement of Lenders*) to require an assignment of the Facility Lender's rights, interests and commitments as a result of the Illegality Event, the Facility Debt Commitments of such Facility Lender shall be transferred to the assignee Facility Lender and not suspended as set forth herein; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)the Borrower shall repay any principal and interest outstanding in respect of such Facility Lender's Loans on the earlier of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)the next succeeding Quarterly Payment Date falling at least 60 days after the date on which the Intercreditor Agent has provided such notice to the Borrower; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)the date (if any) required under applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)For the avoidance of doubt, the Borrower may also require the Facility Lender to assign its rights, interests and obligations in accordance with Section 19.5 (*Mitigation Obligations; Replacement of Lenders*) upon the occurrence of an Illegality Event, which assignment shall extinguish the need for this mandatory prepayment if it occurs prior to the date such mandatory prepayment is required to have occurred.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)*Restricted Payments*

Except if a Loan Facility Declared Default has occurred and is Continuing following the delivery of the notice provided under Section 4.6(b) (*Control and Investment of Funds in Accounts*) of the Common Security and Account Agreement (in which case the cash waterfall provided in Section 4.8 (*Accounts During the Continuance of a Declared Event of Default*) of the Common Security and Account Agreement shall apply), if, at any time after the end of the quarter in which the Project Phase 2 Completion Date occurs, the Borrower has not met the conditions to make a Restricted Payment pursuant to Section 11.1 (*Conditions to Restricted Payments*) for four consecutive quarters (other than as a result of a failure to meet the condition in Section 11.1(f) (*Conditions to Restricted Payments*), which is addressed instead by the mandatory prepayment in sub-clause (iii) (*LNG SPA Prepayment Events*) above), but solely to the extent such mandatory prepayment was in fact made in connection with such event, and for as long as such failure to meet such conditions is continuing, on each Quarterly Payment Date during such period the Borrower shall make a mandatory prepayment with the amount that (x) has been unavailable for a Restricted Payment for four consecutive fiscal quarters and (y) would otherwise have been available for a Restricted Payment in accordance with Section 4.5(n)(ii) (*Deposits and Withdrawals – Distribution Account*) of the Common Security and Account Agreement *less* any amounts reasonably estimated to be due and payable at any higher level of the cash waterfall within the 30 day period following such Quarterly Payment Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix)*Failure to Satisfy Debt Commitment Sizing Conditions*

If the Debt Commitment Sizing Conditions are not satisfied on or before the Debt Commitment Resizing Deadline, on the Debt Commitment Resizing Deadline, to the extent that the Aggregate Remaining Equity Contribution Obligations under the Equity Contribution Agreement exceeds the amount of available Facility Debt Commitments cancelled in accordance with <u>Section 3.8(e)</u> (*Reductions and Cancellations of Facility Debt Commitments*) (such excess, the "<u>Equity Funding Backstop Mandatory Prepayment Amount</u>"), proceeds of the Equity Commitment Funding in an amount equal to the Equity Funding Backstop Mandatory Prepayment Amount shall be deposited into the Additional Proceeds Prepayment Account(s) and applied by the Borrower to make prepayments of the Loans (and in the case of the Credit Facility Agreement, *pro rata* between and among the

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Tranche 1 Loans and the Tranche 2 Loans) within five (5) Business Days of such deposit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)*[Reserved]*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi)*Replacement Debt* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii)The Borrower shall use the proceeds of any Replacement Debt (and Indebtedness not permitted to be incurred under the Finance Documents), in each case, after accounting for any related Hedging Termination Amount and related fees and expenses, to prepay or repay Senior Debt and/or replace all or part of the Facility Debt Commitments in accordance with Section 6.3 (*Replacement Debt*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Mandatory prepayments to Facility Lenders will be made with accrued interest on the amount so prepaid, and upon the prior written notice to each Facility Agent required by the applicable Facility Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Except as provided in Section 3.7 (*Pro Rata Payment*), mandatory prepayments will be applied first, *pro rata* among each Senior Creditor Group under this Agreement (and in the case of outstanding Term Loans, *pro rata* between the Tranches, and in the case of outstanding Working Capital Loans and subject to the terms of the Credit Facility Agreement or any other Facility Agreement, *pro rata* between the Tranches) based on the Loans outstanding on the date of such prepayment and second, *pro rata* to the cash collateralization of any outstanding Letters of Credit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Except for a mandatory prepayment in accordance with sub-clause 3.4(a)(ii) (*Mandatory Prepayments – Performance Liquidated Damages*) above and/or incurrence of Replacement Debt pursuant to Section 6.3 (*Replacement Debt*) below, which shall be applied *pro rata* against subsequent scheduled payments, all mandatory prepayments under this Section 3.4 (*Mandatory Prepayments*) shall be paid and applied in inverse order of maturity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.5Voluntary Prepayments**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Except as otherwise provided in any applicable Facility Agreement with respect to voluntary prepayments, the Borrower shall have the right, upon not less than three Business Days' (or in the case of a voluntary prepayment in connection with the incurrence of Replacement Debt, two Business Days) prior written notice to the Intercreditor Agent and each Facility Agent and, to the extent such voluntary prepayment is to be made with the net proceeds received in respect of any Replacement Debt, upon delivery of the certifications required pursuant to Section 6.3 (*Replacement Debt*) with the advanced notice contemplated therein to the Intercreditor Agent and each Facility Agent, to make voluntary prepayments of Loans, in multiples of $1,000,000, or in such other amounts related to the net proceeds received in respect of any Replacement Debt, in each case either in whole or in part, at any time.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Each notice of voluntary prepayment shall be irrevocable, except that a notice of voluntary prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities or debt instruments in respect of Replacement Debt, in which case such notice may be revoked by the Borrower (by written notice to the Intercreditor Agent and each Facility Agent on or prior to the specified effective date) if such condition is not satisfied. Within 30 days after the revocation of the notice of voluntary prepayment in accordance with the provisions of this clause (b), the Borrower shall pay any Funding Losses incurred by any Facility Lender as a result of such notice and revocation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)In the case of a partial voluntary prepayment, the Borrower may not make such voluntary prepayment with respect to Term Loans prior to the Project Phase 2 Completion Date unless it certifies to the Intercreditor Agent (and the Independent Engineer concurs with such certification in writing; *provided* that, no such confirmation will be required for any reduction with respect to any Replacement Debt) that after giving effect to such voluntary prepayment, the Borrower shall satisfy the In-Construction Sufficiency Condition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Except as provided in Section 3.7 (*Pro Rata Payment*), voluntary prepayments will be applied *pro rata* among each Senior Creditor Group under this Agreement (and in the case of outstanding Term Loans, *pro rata* between the Tranches, and in the case of outstanding Working Capital Loans and subject to the terms of the Credit Facility Agreement or any other Facility Agreement, *pro rata* between the Tranches), except as otherwise provided in the Credit Facility Agreement) based on the Loans outstanding on the date of such prepayment and otherwise as directed by the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.6Prepayment Fees and Funding Losses**

Any prepayment (whether a mandatory prepayment or voluntary prepayment) of Loans or cancellation of Facility Debt Commitments, including prepayments or cancellations made in accordance with this Article 3 (*Repayment, Prepayment and Cancellation*), Section 6.3 (*Replacement Debt*) or Section 19.5 (*Mitigation Obligations; Replacement of Lenders*) shall, in each case, be made without any prepayment charges, fees, premium, penalty or other charges other than (a) Funding Losses incurred (if any are required to be paid pursuant to the terms of the applicable Facility Agreement) and (b) prepayment fees, premia, penalties or charges specified in any Facility Agreement, including for Working Capital Debt. Unless otherwise specified in an individual Facility Agreement, Funding Losses (if any) with respect to any prepayment shall be payable only if such prepayment is made on a date other than a CTA Payment Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.7Pro Rata Payment**

Except as specified in Section 6.3(a)(viii) (*Replacement Debt*) or to the extent that any Facility Lender waives or declines receipt of its Pro Rata Payment of any prepayment in accordance with the terms of any Senior Debt Instrument to which it is a party, at any time the Borrower makes a payment or prepayment in whole or

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in part of the Senior Debt Obligations owed to one or more Facility Lenders, the Borrower shall make a Pro Rata Payment to all other Facility Lenders (and in the case of outstanding Term Loans, *pro rata*); *provided* that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)except as otherwise provided in any individual Facility Agreement, the mandatory prepayments described in Section 3.4(a)(vi) (*Mandatory Prepayments – Illegality*) will be applied *pro rata* only to the affected Loans and not *pro rata* to each Loan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)(i) a voluntary prepayment of Loans made under the Credit Facility Agreement or any other Facility Agreement for Loans that are not Working Capital Debt may be made without a *pro rata* repayment of Loans under any Facility Agreement for Working Capital Debt (and, conversely, a voluntary prepayment of Loans under any Facility Agreement for Working Capital Debt may be made without a voluntary prepayment of Loans under any other Facility Agreement) and (ii) only the mandatory prepayments set forth in Section 3.4(a)(iii) (*Mandatory Prepayments* – *LNG SPA Prepayment Events*) (but only to the extent set forth in, and subject to the requirements of, Section 8.2 (*LNG SPA Mandatory Prepayment*)) will be applied *pro rata* with respect to any Working Capital Debt; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the following prepayments will not be subject to the *pro rata* payment requirement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)a voluntary or mandatory prepayment of Loans to Facility Lenders under a Facility Agreement, whose Loans thereunder have been amended and extended in accordance with its terms, to the extent such Facility Lenders have agreed to a non *pro rata* prepayment, in which case prepayments to such Facility Lenders shall be made on the basis set forth in the relevant Facility Agreement, as amended and extended, in accordance with the terms of such agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)a voluntary prepayment of Loans to only certain affected Facility Lenders or only Facility Lenders under certain affected Facility Agreements made pursuant to Section 3.2 (*Right of Repayment and Cancellation in Relation to a Single Facility Lender*) or Section 19.5 (*Mitigation Obligations; Replacement of Lenders*) or comparable provisions to those described in Section 3.2 (*Right of Repayment and Cancellation in Relation to a Single Facility Lender*) or Section 19.5 (*Mitigation Obligations; Replacement of Lenders*) under a Facility Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)a voluntary prepayment that is financed with proceeds of Replacement Debt; *provided* that, such prepayment will be *pro rata* across all then-outstanding Loans (other than Working Capital Debt), including, with respect to Term Loans under the Credit Facility Agreement, *pro rata* between the Tranches, except as otherwise required by Section 6.3(a)(i)(C) (*Replacement Debt*); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)a payment or prepayment to a Senior Creditor if such payment or prepayment is made in the applicable circumstances set forth in

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sub-clauses (B), (C), (D) and (E) of Section 2.3(a)(ii) (*Payments and Prepayments – Pro Rata Payment of Senior Debt Obligations*) of the Common Security and Account Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.8Reductions and Cancellations of Facility Debt Commitments**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Borrower may cancel Facility Debt Commitments, in whole or in part, in multiples of $5,000,000, *pro rata* among each Facility Lender (and in the case of the Credit Facility Agreement, *pro rata* between and among the Facility Debt Commitments that are Tranche 1 Commitments and the Facility Debt Commitments that are Tranche 2 Commitments) (except, in each case, in the case of a cancellation of Facility Debt Commitments in accordance with the Facility Agreement, as specified in Section 6.3(a)(viii) (*Replacement Debt*) or otherwise in the case where the Borrower is entitled to make a non-*pro rata* cancellation or prepayment pursuant to Section 3.2 (*Right of Repayment and Cancellation in Relation to a Single Facility Lender*) and Section 3.7 (*Pro Rata Payment*)), subject to any minimum cancellation amounts required under the Facility Agreement, by giving at least three Business Days' prior written notice to the Intercreditor Agent and the applicable Facility Agent or such other notice period required under the applicable Facility Agreement; *provided* that, a notice of cancellation may state that such notice is conditioned upon the effectiveness of other credit facilities or debt instruments in respect of Replacement Debt, in which case such notice may be revoked by the Borrower (by written notice to the Intercreditor Agent and the applicable Facility Agent on or prior to the specified effective date) if such condition is not satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Within 30 days of the date of the notice of cancellation delivered in accordance with sub-clause (a) above, the Borrower shall pay any Funding Losses incurred by any Facility Lender as a result of such notice and revocation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The Borrower may not make a voluntary cancellation under this Section 3.8 (*Reductions and Cancellations of Facility Debt Commitments*) with respect to the Term Loan Commitments prior to the Project Phase 2 Completion Date unless it certifies to the Intercreditor Agent (and the Independent Engineer concurs with such certification in writing; *provided* that, no such confirmation will be required for any cancellation with respect to any Replacement Debt) that, after giving effect to such voluntary cancellation, the Borrower shall satisfy the In-Construction Sufficiency Condition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Notwithstanding anything in this Section 3.8 (*Reductions and Cancellations of Facility Debt Commitments*) to the contrary, the procedure for cancellation related to a mandatory prepayment pursuant to Section 3.4 (*Mandatory Prepayments*) shall be subject to the terms of the applicable mandatory prepayment in Section 3.4 (*Mandatory Prepayments*) or elsewhere in the Finance Documents and not this Section 3.8 (*Reductions and Cancellations of Facility Debt Commitments*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)If the Debt Commitment Sizing Conditions are not satisfied on or before the Debt Commitment Resizing Deadline, on the Debt Commitment Resizing Deadline, Facility Debt Commitments in an amount equal to the

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lesser of (i) the Aggregate Remaining Equity Contribution Obligations under the Equity Contribution Agreement and (ii) the amount of the remaining available Facility Debt Commitments shall be terminated *pro rata* among each Facility Lender (and in the case of the Credit Facility Agreement, *pro rata* between and among the Facility Debt Commitments that are Tranche 1 Commitments and the Facility Debt Commitments that are Tranche 2 Commitments).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.9Late Payments**

Except as otherwise provided under any Facility Agreement, if any amounts required to be paid by the Borrower under this Agreement or the other Finance Documents (including principal or interest payable on any disbursement and any fees and other amounts otherwise payable to any Secured Party) remain unpaid after such amounts are due (whether at stated maturity, by acceleration or otherwise), the Borrower shall pay interest on the overdue amount (including, to the extent allowable under applicable law, on overdue interest) from the date due until such past due amounts are paid in full at a per annum rate equal to the Default Rate and such interest shall be payable on demand.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.10No Borrowing or Reinstatement**

No amounts of Loans which have been cancelled, repaid or prepaid in accordance with this Article 3 (*Repayment, Prepayment and Cancellation*) and the relevant Facility Agreement may be reborrowed; *provided* that, Working Capital Debt may be repaid and reborrowed in accordance with the terms of its applicable Facility Agreement.

**4. CONDITIONS PRECEDENT**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.1Conditions to Initial Closing Date and Initial Advance**

The Initial Closing and the obligation of each Facility Lender to make available its Initial Advance shall be subject to the satisfaction or waiver by each of the Facility Lenders of each of the following, and no other, common conditions precedent, in each case in form and substance reasonably satisfactory to, each of the Facility Lenders, and, where applicable, with sufficient copies for, each Facility Agent acting on the instructions of the Facility Lenders under the applicable Facility Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)*Execution and Delivery of the Finance Documents*. Receipt by the Facility Lenders, Collateral Agent and the Intercreditor Agent of true, complete and correct copies of the Original Finance Documents (other than Direct Agreements, which are addressed in clause (b) (*Delivery of Material Project Agreements; Direct Agreements*) below) and by the Account Bank of the Original Common Security and Account Agreement, executed and delivered by the parties thereto;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)*Delivery of Material Project Agreements; Direct Agreements*. Receipt by the Facility Lenders and the Intercreditor Agent of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Phase 1 Initial LNG SPAs (all of which, as of the Initial Closing Date, constitute Required LNG SPAs), each of which shall have been duly authorized, executed and delivered by the parties thereto; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)as to which, in respect of the Required LNG SPAs, (1) all conditions precedent thereunder shall have been satisfied or waived by or concurrently with the CP Satisfaction Date, (2) the CP Satisfaction Date shall occur on or prior to the date of the Initial Advance, (3) no event of LNG SPA Force Majeure shall have occurred and be continuing and (4) no default, event of default or other event or condition shall have occurred and be continuing that provides the applicable LNG Buyer the right to cancel or terminate such Required LNG SPA in accordance with the terms thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)a certificate of the Obligor that is party to such agreement certifying that (1) the copy of such agreement provided to the Facility Lenders is a true, correct and complete copy of such document, and (2) such agreement is in full force and effect and no term or condition of such agreement has been amended from the form thereof delivered to the Facility Lenders prior to the Initial Closing Date (other than amendments in accordance with the Finance Documents and provided to the Intercreditor Agent); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)with respect to any Required LNG SPA, a Direct Agreement, substantially in the form attached as Schedule G (*Forms of Direct Agreement*) of the Original Common Security and Account Agreement (or otherwise reasonably acceptable to the Facility Lenders);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)with respect to each Phase 1 Material Project Agreement (other than any Subsequent Material Project Agreement or any Replacement Material Contract and other than as provided in sub-clause (i) above with respect to the LNG SPAs):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)a copy of such agreement (other than any Restricted Document which shall be delivered in accordance with the requirements of Section 12.6(c) (*Confidentiality*) of the Original Common Security and Account Agreement and Section 23.7 (*Confidentiality*) of the Original Common Terms Agreement), which shall have been duly authorized, executed and delivered by the parties thereto, as to which no force majeure event (as defined in each such Phase 1 Material Project Agreement) has occurred and is continuing except as set forth on Schedule H (*Material Project Agreements and Certain Other Contracts*) to the Original Common Terms Agreement;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)a certificate of the Obligor that is party to such agreement certifying that (1) the copy of such agreement provided to the Facility Lenders is a true, correct and complete copy of such document, and (2) such agreement is in full force and effect and no term or condition of such agreement has been amended from the last form thereof delivered to the Facility Lenders prior to the Initial Closing Date (other than amendments in accordance with the Original Finance Documents and provided to the Intercreditor Agent); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)a Direct Agreement, either substantially in the form attached as Schedule G (*Forms of Direct Agreement*) of the Original Common Security and Account Agreement (or otherwise reasonably acceptable to the Collateral Agent), with each counterparty to such agreement, to the extent such Direct Agreement is required to be delivered by the Initial Closing Date pursuant to Section 3.4 (*Direct Agreements*) of the Original Common Security and Account Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)a notice of collateral assignment reasonably acceptable to the Collateral Agent, delivered to each counterparty with respect to the following agreements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)Fabrication and Assembly Agreement No. 10214 (CP2 Phase 1 HRSG OFF-SITE ASSEMBLY), dated as of May 13, 2025, by and between PCI and the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)Engineering, Procurement, and Fabrication Agreement (Phase 1), dated as of May 17, 2024, by and between Shaw USA, LLC and the Procurement Company (as assignee of Venture Global Operations Support, LLC pursuant to that certain Assignment and Assumption Agreement dated as of May 17, 2024), as supplement by that certain Change Order No. 1, dated as of July 10, 2025); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)any Phase 1 Material Project Agreement for which the applicable Obligor must use commercially reasonable efforts to obtain, prior to or concurrently with Initial Closing (and, if not obtained prior to Initial Closing, following the Initial Closing Date), Direct Agreements with the Collateral Agent pursuant to Section 3.4(ii) (*Direct Agreements*) of the Original Common Security and Account Agreement which are not obtained to prior to Initial Closing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)with respect to each Phase 1 Material Project Agreement (other than any Subsequent Material Project Agreement or any Replacement Material Contract), a copy of all performance security, letters of credit and guarantees (A) required to be delivered under each Phase 1 Material Project Agreement by the Phase 1 Material Project Counterparties as of the Initial Closing Date and (B) delivered by one or more parent companies of the Pledgor to Phase 1 Material Project Counterparties (all of which,

&nbsp;&nbsp;&nbsp;&nbsp;

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for the avoidance of doubt, will be replaced by Letters of Credit following the Initial Closing) and a certificate of each Obligor that copies of all such performance security, letters of credit and guarantees required to be delivered pursuant to this clause (iv) have been provided to the Facility Lenders; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)all Phase 1 Material Project Agreements (or any amendments thereto) that were made available for viewing to the Facility Lenders after the date of the Initial Commitment Letter shall be in form and substance satisfactory to the Facility Lenders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)*Material Project Agreement Default*. As of the Initial Closing Date, no material default or event of default of any Obligor, and to the Knowledge of each Obligor, no material default or event of default of any counterparty exists under any Phase 1 Material Project Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)*FERC Order*. The FERC Order:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)has been obtained by the Borrower with respect to the LNG Facility and by the Pipeline Company with respect to the CP Express Pipeline;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)is final and in full force and effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)satisfies the Permit Appeal Qualification; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)is free from conditions and requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)the compliance with which could reasonably be expected to have a Material Adverse Effect; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)that the applicable Obligor does not expect to be able to satisfy on or prior to the commencement of the relevant stage of Project Phase 1 Development except to the extent that failure to satisfy such condition or requirement could not reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)*Export Authorizations*. Each of the FTA Authorization and the Non-FTA Authorization:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)has been obtained by the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)is in full force and effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)satisfies the Permit Appeal Qualification; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)is free from conditions or requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)the compliance with which could reasonably be expected to have a Material Adverse Effect; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)that the Borrower does not expect to be able to satisfy on or prior to the commencement of the relevant stage of the Project Phase 1 Development except to the extent that failure to so satisfy such condition could not reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)*Opinions from Counsel*. Receipt by the Intercreditor Agent and the Credit Facility Secured Parties of the legal opinions and reliance letters set forth in Schedule C - 1 (*Table of Requirements for Legal Opinions – Conditions to Initial Closing*) of the Original Common Terms Agreement and in accordance with the requirements therein, with such changes thereto as may be in form and substance reasonably satisfactory to the Intercreditor Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)*Project Development*. Receipt by the Intercreditor Agent of true, complete and correct copies of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)a certificate of the Obligors attaching the Construction Budget and Schedule with respect to the Project Phase 1 Development, substantially in the form attached as Schedule D - 1 (*Construction Budget and Schedule – Construction Budget*) and Schedule D - 2 (*Construction Budget and Schedule – Construction Schedule*) of the Original Common Terms Agreement, which shall include a list or schedule of the amount of Project Costs paid by the Obligors prior to the Initial Closing Date, and certifying that: (A) such budget and schedule is the best reasonable estimate of the information set forth therein as of the date of such certificate; (B) such budget and schedule is based on assumptions made in good faith and believed reasonable at the time made in light of the legal and factual circumstances then applicable to the Project Phase 1 Development and is consistent with the requirements of the Transaction Documents as of the Initial Closing Date; and (C) the sum of (1) the Term Loan Commitments in effect as of the Initial Closing Date, (2) the proceeds of the Equity Contribution that were not applied to repay in full the Bridge Loan and (3) the Phase 1 Minimum Assumed Commissioning Cargo Proceeds (as defined in the Original Common Terms Agreement), as determined as of the Initial Closing Date, equals or exceeds the remaining Project Costs (including contingency set forth in the Construction Budget and Schedule and the final report of the Independent Engineer contemplated by clause (iii) below) necessary for the Project to achieve the Project Phase 1 Completion Date on or prior to the Phase 1 LNG Facility Date Certain;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)a certificate of the Obligors attaching the Base Case Forecast as of the Initial Closing Date, which demonstrates compliance as of the Initial Closing Date with the Base Case Sizing Criteria as of the Initial Closing Date, and certifying that: (A) the projections in the Base Case Forecast were made in good faith; and (B) the assumptions on the basis of which such projections were made were believed by the Borrower (when made and delivered) to be reasonable and consistent with the Construction Budget and Schedule and the Transaction Documents as of the Initial Closing Date;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)a final report of the Independent Engineer (including certifications and discussions therein relating to the adequacy of the contingency (in an amount equal to not less than $[\*\*\*]) relating to the Project to satisfy potential cost overruns with respect to the Project Phase 1 Development), together with a reliance letter from the Independent Engineer in form and substance reasonably satisfactory to the Credit Facility Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)a final report of the CCRA Consultant, together with a reliance letter from the CCRA Consultant in form and substance reasonably satisfactory to the Credit Facility Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)a final report prepared by each Market Consultant, together with a reliance letter from such Market Consultant in form and substance reasonably satisfactory to the Credit Facility Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)final reports prepared by the Phase 1 Environmental Assessment Consultant, described on Schedule X (*Phase I Environmental Assessments*) of the Original Common Terms Agreement, together with a reliance letter from such Phase 1 Environmental Assessment Consultant in form and substance reasonably satisfactory to the Credit Facility Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)a certificate of the Independent Engineer (A) concurring with the Borrower's certification in sub-clause (i) above and (B) validating the Obligors' list or schedule of the amount of Project Costs paid by the Borrower prior to the Initial Closing Date referred to in sub-clause (i) above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)a final report prepared by the Environmental Consultant, together with a reliance letter from such Environmental Consultant in form and substance reasonably satisfactory to the Credit Facility Agent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix)a final report prepared by the Compliance Assessment Consultant, together with a reliance letter from such Compliance Assessment Consultant in form and substance reasonably satisfactory to the Credit Facility Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)*Financial Statements*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Receipt by the Intercreditor Agent of a certified copy of (A) the most recent pro forma balance sheet of each Obligor and (B) (x) the unaudited consolidating balance sheet of the Obligors as of March 31, 2025, (y) the unaudited consolidating statement of operations of the Obligors for the quarter ended on March 31, 2025 and the portion of the fiscal year through the end of such quarter, and (z) the unaudited statement of cash flows of the Obligors for the portion of the fiscal year through the end of such quarter; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)to the extent (A) delivered to the Borrower or any Guarantor under any Phase 1 Material Project Agreement and (B) requested (prior to the Initial Closing Date) by the Credit Facility Agent or any

&nbsp;&nbsp;&nbsp;&nbsp;

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Credit Facility Lender, financial statements of the Phase 1 Material Project Counterparties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)*Insurance*. Receipt by the Intercreditor Agent of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)a report from the Insurance Advisor, prepared in accordance with generally accepted consulting practices together with a certificate of the Insurance Advisor confirming that the insurance policies to be provided in compliance with Section 12.28 (*Insurance Covenant*) of the Original Common Terms Agreement conform to the requirements specified in the Finance Documents and are in accordance with Prudent Industry Practices; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)a reliance letter from the Insurance Advisor in form and substance reasonably satisfactory to the Credit Facility Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)*Real Property*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Receipt by the Collateral Agent of (A) a Survey and (B) a Title Policy (with respect only to the LNG Facility Site on which the Phase 1 LNG Facility will be located) conforming to the requirements specified in the definition of each such term; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)Receipt by the Collateral Agent of an estoppel certificate from (A) the lessor for each Lease, and (B) the grantor for each Access License Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)*Bank Regulatory Requirements*. Receipt by the Intercreditor Agent and each other Finance Party that is a party to this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)at least three Business Days prior to the Initial Closing Date, with respect to each of the Collateral Parties, of a certified electronic copy of each of the documents listed in Schedule E (*Know Your Customer Documentation*) of the Original Common Terms Agreement that are required in order for each Facility Lender to carry out all necessary "know your customer" or similar requirements and such other information as may be reasonably required by such Facility Lender to address such requirement, including those reasonably required to ensure compliance with anti-money laundering procedures (including the USA Patriot Act) in its relevant jurisdiction, in each case to the extent not otherwise delivered to the relevant Finance Party at or prior to the Initial Closing Date (and provided that any subsequent changes in such documents or updates to information contained therein shall be so delivered in accordance with this clause (k)(i)); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)at least three Business Days prior to the Initial Closing Date, a Beneficial Ownership Certification from the Borrower if it qualifies as a "legal entity customer" under the Beneficial Ownership Regulation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)*Officer's Certificates*. Receipt by the Intercreditor Agent of a copy of a duly executed certificate of each of the Collateral Parties and, with respect to sub-clauses (i) - (iii) below, of each Affiliated Service Counterparty:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)attaching a copy of the Constitutional Documents of each of the Collateral Parties and each Affiliated Service Counterparty, together with any amendments thereto (and certifying that such Constitutional Documents have not been revoked or amended since the date of the attached Constitutional Documents);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)attaching copies of resolutions approving the Collateral Parties' and the Affiliated Service Counterparties' entry into the Finance Documents and Phase 1 Material Project Agreements, as applicable (and certifying that such resolutions have not been revoked or amended since the date of adoption thereof);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)attaching incumbency certificates in respect of signatories; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)certifying that the conditions in clauses (c) (*Material Project Agreement Default*) and (m) (*Representations and Warranties*) of this Section 4.1 (*Conditions to Initial Closing Date and Initial Advance*) have been met;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)*Representations and Warranties*. Each of the representations and warranties of the Obligors as set forth under Article 5 (*Representations and Warranties of the Obligors*) of this Agreement is true and correct in all material respects (except for those qualified by materiality or Material Adverse Effect, each of which shall be true and correct in all respects) as to such Obligor on and as of the Initial Closing Date as if made on and as of the Initial Closing Date (or if stated to have been made solely as of an earlier date, as of such earlier date);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)*Establishment of Accounts*. Receipt by the Collateral Agent (with a copy to the Intercreditor Agent) of evidence that each of the Accounts required to be in existence as of the Initial Closing Date has been established as required pursuant to the Original Common Security and Account Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)*Lien Search; Perfection of Security*. Receipt by the Collateral Agent of copies or evidence, as the case may be, of the following actions in connection with the perfection of the Collateral:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)completed requests for information or copies of the UCC search reports and tax lien, judgment and litigation search reports for the State of Delaware, the State of Texas and the State of Louisiana, and any other jurisdiction reasonably requested by any of the Facility Agents that name each Obligor or the Pledgor as debtor, together with copies of each UCC financing statement, fixture filing or other filings listed therein, which evidences no Liens on the Collateral, other than Permitted Liens; all dated within 15 Business Days prior to the Initial Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)UCC financing statements, fixture filings or other filings reflecting the Liens granted pursuant to the Original Common Security and Account Agreement and the other Security Documents that any of the Facility Agents may deem necessary or desirable in order to perfect the first priority Liens (subject to Permitted Liens) created thereunder; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the Collateral is subject to the perfected first priority Lien (subject only to Permitted Liens) established pursuant to the Security Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)*Fees; Expenses*. Irrevocable instructions for the payment to each of the Facility Agents for its own account, or for the account of the relevant Facility Lender entitled thereto, of all fees due and payable as of the Initial Closing Date pursuant to the Original Finance Documents, and all costs and expenses (including reasonable costs, fees and expenses of legal counsel and Consultants) payable thereunder for which reasonably detailed invoices have been presented to the Borrower at least three Business Days prior to the Initial Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)*Authority to Conduct Business*. Receipt by the Intercreditor Agent of satisfactory evidence, including certificates of good standing, dated no more than five Business Days prior to the Initial Closing Date, from the Secretary of the State of Louisiana, the Secretary of State of the State of Delaware and the Secretary of State of the State of Texas, as applicable, of the authority of each Collateral Party and Affiliated Service Counterparty to carry on its business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)*Total Capitalization*. The aggregate Term Loan Commitments are not more than 75% of the then-current estimate of Project Costs projected in the Construction Budget and Schedule as of the Initial Closing Date to be incurred by the Obligors for the Project Phase 1 Development;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s)*Lien Waivers*. Receipt by the Intercreditor Agent of Lien Waivers as have then been required pursuant to each of the Phase 1 Material Construction Contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t)*Flood Insurance.* Receipt by each of the Facility Lenders of the following flood coverage documents from the Borrower, in each case to be satisfactory to each of the Facility Lenders:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)a completed "Standard Flood Hazard Determination Form" of the Federal Emergency Management Agency and any successor Governmental Authority performing a similar function (a "*Flood Certificate*") with respect to the anticipated real property comprising the LNG Facility Site (including leasehold interests therein) expected to be included in the Collateral ("*Mortgaged Property*"), which Flood Certificate shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)be addressed to the Credit Facility Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)provide for "life of loan" monitoring; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)if the Flood Certificate states that any structure comprising a portion of the anticipated Mortgaged Property will be located in a special flood hazard area (as defined pursuant to applicable flood insurance regulations), the Borrower's written acknowledgment of receipt of written notification from the Credit Facility Agent and any Facility Lender requesting the same:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)as to the existence of such Mortgaged Property; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(B)*as to whether the community in which such Mortgaged Property will be located is participating in the Flood Program;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u)*Notes*. Receipt of copies of the notes requested by the Facility Lenders pursuant to their Facility Agreement, as applicable, duly authorized, executed and delivered by the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)*Litigation; Regulatory Action.* There are no actions, suits, proceedings, investigations or similar actions pending or, to the knowledge of each Obligor, threatened (in writing) against such Obligor that have had or could reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w)*Releases under Bridge Loan*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Receipt by the Intercreditor Agent of a release letter, in form and substance reasonably satisfactory to the Intercreditor Agent, confirming that all security interests, pledges, encumbrances, and/or other Liens on the Pledgor's Equity Interests in the Obligors securing the Bridge Loan have been released or shall be released, concurrently with the consummation of the transactions contemplated by the Transaction Documents in place as of the Initial Closing Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the Obligors shall have repaid, or made arrangements to repay, all outstanding Indebtedness and other obligations incurred and outstanding in connection with the Bridge Loan, substantially concurrently with the Initial Closing Date, in accordance with the Funds Flow Memorandum delivered in accordance with Section 4.1(dd) (*Conditions to Initial Closing Date and Initial Advance* – *Funds Flow Memorandum)*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)*Assignment of Sponsor Intercompany Loan and Mortgage*. Receipt by the Intercreditor Agent of assignment agreements, in form and substance reasonably satisfactory to the Intercreditor Agent, assigning the Sponsor Intercompany Loan to the Credit Facility Agent and assigning the Mortgage to the Collateral Agent, concurrently with the consummation of the transactions contemplated by the Transaction Documents in place as of the Initial Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y)*No Force Majeure*. To the knowledge of the Obligors, no event of force majeure (as defined under the applicable Phase 1 Material Project Agreement) has occurred and is continuing under any Phase 1 Material Project Agreement the consequences of which could reasonably be expected to have a Material Adverse Effect;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z)*Absence of Default*. No Unmatured Loan Facility Event of Default or Loan Facility Event of Default has occurred and is Continuing on such date or could reasonably be expected to result from the consummation of the transactions contemplated by the Transaction Documents in place as of the Initial Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aa)*Minimum Funded Amount*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)CP2 EBL Borrower shall have made, or made arrangements to indirectly make, substantially concurrently with the Initial Closing Date, an Equity Funding in an aggregate amount equal to at least $[\*\*\*] pursuant to the Contribution Agreement in accordance with the Funds Flow Memorandum delivered in accordance with Section 4.1(dd) (*Conditions to Initial Closing Date and Initial Advance* – *Funds Flow Memorandum*); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the Senior Debt/Equity Ratio shall be no greater than 75:25 after giving effect to any Equity Funding and borrowing of Term Loans on the Initial Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ab)*Notice to Proceed*. Issuance by the Borrower, the Pipeline Company and the Procurement Company, as applicable, of the "Notice to Proceed" or "FNTP", as applicable, under and in accordance with each of the Phase 1 EPC Contract, the Phase 1 Pipeline Construction Contracts (as defined in the Original Common Terms Agreement) and the Phase 1 Procurement, Supply and Construction Contracts, as determined as being necessary as of the Initial Closing Date by the Borrower in its sole discretion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ac)*Delivery of Material Permits.* The Intercreditor Agent has received a copy of each material Permit (including the FERC Order, the FTA Authorization and Non-FTA Authorization) required for the applicable stage of development/construction the Project Phase 1 Development as of the Initial Closing Date; 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ad)*Funds Flow Memorandum*. Delivery by the Borrower of the memorandum setting forth the flow of funds on the Initial Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ae)*Equator Principles*. Reasonable satisfaction of customary Lender diligence in respect of Equator Principles matters, and implementation (to the extent required as of the Initial Closing Date) in all material respects of the "Equator Principles Action Plan" (as described in the Independent Engineer's final report); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(af)*Insurance*. Receipt by each Lender of satisfactory documentary evidence that the Borrower's flood insurance policy is in full force and effect as of the Initial Closing Date*.* 

The foregoing conditions were satisfied or waived on, and the Initial Closing Date occurred on, July 28, 2025.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2Conditions to Upsize Closing Date** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Upsize Closing shall be subject to the satisfaction or waiver by each of the Facility Lenders of each of the following, and no other, common conditions precedent, in each case in form and substance reasonably satisfactory to, each of the Facility Lenders, and, where applicable, with sufficient copies for, each Facility Agent acting on the instructions of the Facility Lenders under the applicable Facility Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)*Execution and Delivery of the Finance Documents, Certificates and Notices*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Receipt by the Facility Lenders, Collateral Agent and the Intercreditor Agent of true, complete and correct copies of the Common Terms Agreement, the Common Security and Account Agreement, the CFA Amendment, the Intercreditor Agreement and the Pledgor Reaffirmation Agreement, each dated as of the Upsize Closing Date and the other Finance Documents (other than Direct Agreements, which are addressed in clause (b) (*Delivery of Material Project Agreements; Direct Agreements*) below) and by the Account Bank of the Common Security and Account Agreement, executed and delivered by the parties thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)Receipt by the Intercreditor Agent of the consent of the Credit Facility Lenders under the Credit Facility Agreement constituting the Required Lenders (as defined in the Original Credit Facility Agreement) (the "*CFA Required Lenders*"), as applicable or required thereunder, as set forth in the CFA Amendment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)At least one Business Day prior to the Upsize Closing Date (or such other time period the CFA Required Lenders consent to by entering into the CFA Amendment), receipt by the Intercreditor Agent of the notice required by Section 6.4(j)(i) of the Original Common Terms Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)On the Upsize Closing Date, receipt by the Intercreditor Agent of the updated notice required by Section 6.4(j)(ii) of the Original Common Terms Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)Receipt by the Intercreditor Agent of an officer's certificate of the Obligors certifying to the matters set forth in clauses (a) through (j) of Section 6.4 of the Original Common Terms Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)Receipt by the Intercreditor Agent of an officer's certificate of the Borrower certifying to the matters set forth in Section 7.3 of the Original Common Terms Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)*Delivery of Material Project Agreements; Direct Agreements*. Receipt by the Facility Lenders and the Intercreditor Agent of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Phase 2 Initial LNG SPAs (all of which, as of the Upsize Closing Date, constitute Required LNG SPAs), the Phase 2

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Conditional Assignments and the Conditional Payment Support Agreement, each of which shall have been duly authorized, executed and delivered by the parties thereto; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)as to which, in respect of the Required LNG SPAs, (1) all conditions precedent thereunder shall have been satisfied or waived by or concurrently with the CP Satisfaction Date, (2) the CP Satisfaction Date shall occur on or prior to the Upsize Closing Date, (3) no event of LNG SPA Force Majeure shall have occurred and be continuing and (4) no default, event of default or other event or condition shall have occurred and be continuing that provides the applicable LNG Buyer the right to cancel or terminate such Required LNG SPA in accordance with the terms thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)a certificate of the Obligor that is party to such agreement certifying that (1) the copy of such agreement provided to the Facility Lenders is a true, correct and complete copy of such document, and (2) such agreement is in full force and effect and no term or condition of such agreement has been amended from the form thereof delivered to the Facility Lenders prior to the Upsize Closing Date (other than amendments in accordance with the Finance Documents and provided to the Intercreditor Agent);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)with respect to any Required LNG SPA executed subsequent to the Initial Closing Date, a Direct Agreement, in a form reasonably acceptable to the CFA Required Lenders and each Tranche 2 Lender; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)with respect to each of the Phase 2 Conditional Assignments and the Conditional Payment Support Agreement, a Direct Agreement, in a form reasonably acceptable to the CFA Required Lenders and each Tranche 2 Lender;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)with respect to each Material Project Agreement (other than any Subsequent Material Project Agreement or any Replacement Material Contract and other than as provided in sub-clause (i) above with respect to the LNG SPAs):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)a copy of such agreement (other than any Restricted Document which shall be delivered in accordance with the requirements of Section 12.6(c) (*Confidentiality*) of the Common Security and Account Agreement and Section 23.7 (*Confidentiality*) below), which shall have been duly authorized, executed and delivered by the parties thereto, as to which no force majeure event (as defined in each such Material Project Agreement) has occurred and is continuing except as set forth on Schedule H (*Material Project Agreements and Certain Other Contracts*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)a certificate of the Obligor that is party to such agreement certifying that (1) the copy of such agreement provided to

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the Facility Lenders is a true, correct and complete copy of such document, and (2) such agreement is in full force and effect and no term or condition of such agreement has been amended from the last form thereof delivered to the Facility Lenders prior to the Upsize Closing Date (other than amendments in accordance with the Finance Documents and provided to the Intercreditor Agent); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)a Direct Agreement, in a form reasonably acceptable to the CFA Required Lenders and each Tranche 2 Lender, with each counterparty to such agreement, to the extent such Direct Agreement is required to be delivered by the Upsize Closing Date pursuant to Section 3.4 (*Direct Agreements*) of the Common Security and Account Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)a notice of collateral assignment reasonably acceptable to the Collateral Agent, delivered to each counterparty with respect to the following agreements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)any Phase 2 Material Project Agreement for which the applicable Obligor must use commercially reasonable efforts to obtain, prior to or concurrently with the Upsize Closing Date (and, if not obtained prior to the Upsize Closing Date, following the Upsize Closing Date), Direct Agreements with the Collateral Agent pursuant to Section 3.4(ii) (*Direct Agreements*) of the Common Security and Account Agreement which are not obtained prior to the Upsize Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)Fabrication and Assembly Agreement No. 12615 (CP2 LNG Expander Module), dated as of November 24, 2025, as amended by Amendment No. 1, dated as of February 24, 2026, by and between SSH and CP2 Development Co., LLC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)Fabrication and Assembly Agreement No. 13347 (CP2 Phase 2 HRSG Off-Site Assembly), dated as of January 13, 2026, by and between Performance Contractors, Inc., and CP2 Development Co., LLC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)Construction Services Agreement (Reimbursable), dated as of January 15, 2026, by and between Performance Contractors, Inc., and Venture Global CP2 LNG, LLC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E)Engineering Agreement (CP2 LNG Phase 2), dated as of February 6, 2023, by and between UOP LLC and Venture Global CP2 LNG, LLC; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(F)Performance Guarantee Agreement, dated as of February 2, 2026, by and between UOP LLC and Venture Global CP2 LNG, LLC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(G)Engineering, Procurement, and Fabrication Agreement (Phase 1), dated as of September 29, 2023, by and between

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the Borrower and Linde Engineering North America LLC, as amended by Change Order No. 1, dated as of March 8, 2024, Change Order No. 2, dated as of August 1, 2024 and Change Order No. 3, dated as of May 29, 2025, and as supplemented by Notice to Proceed dated as of October 3, 2023;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(H)Engineering, Procurement, and Fabrication Agreement (Phase 2), dated as of December 20, 2024, by and between the Borrower and Linde Engineering North America LLC, as amended by Change Order No. 1, dated as of June 17, 2025, Change Order No. 2, dated as of February 23, 2026 and Amendment No. 1, dated as of February 20, 2026, and as supplemented by Notice to Proceed dated as of December 20, 2024;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I)Parent Company Guarantee, dated as of October 4, 2023, by Linde Inc. for the benefit of the Borrower, relating to the Engineering, Procurement, and Fabrication Agreement (Phase 1), dated as of September 29, 2023; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(J)Parent Company Guarantee, dated as of December 20, 2024, by Linde Inc. for the benefit of the Borrower, relating to the Engineering, Procurement, and Fabrication Agreement (Phase 2), dated as of December 20, 2024, as amended by Amendment 01 to Parent Guarantee, dated as of March 2, 2026;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)with respect to each Phase 2 Material Project Agreement (other than any Subsequent Material Project Agreement or any Replacement Material Contract), a copy of all performance security, letters of credit and guarantees (A) required to be delivered under each Phase 2 Material Project Agreement by the Phase 2 Material Project Counterparties as of the Upsize Closing Date and (B) delivered by one or more parent companies of the Pledgor to Phase 2 Material Project Counterparties and a certificate of each Obligor that copies of all such performance security, letters of credit and guarantees required to be delivered pursuant to this clause (iv) have been provided to the Facility Lenders; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)all Phase 2 Material Project Agreements (or any amendments thereto) that were made available for viewing to the Facility Lenders after the date of the Upsize Commitment Letter shall be in form and substance satisfactory to the Facility Lenders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)*Material Project Agreement Default*. As of the Upsize Closing Date, no material default or event of default of any Obligor, and to the Knowledge of each Obligor, no material default or event of default of any counterparty exists under any Material Project Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)*FERC Order*. The FERC Order:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)has been obtained by the Borrower with respect to the LNG Facility and by the Pipeline Company with respect to the CP Express Pipeline;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)is final and in full force and effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)satisfies the Permit Appeal Qualification; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)is free from conditions and requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)the compliance with which could reasonably be expected to have a Material Adverse Effect; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)that the applicable Obligor does not expect to be able to satisfy on or prior to the commencement of the relevant stage of Project Phase 1 Development and Project Phase 2 Development except to the extent that failure to satisfy such condition or requirement could not reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)*Export Authorizations*. Each of the FTA Authorization and the Non-FTA Authorization:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)has been obtained by the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)is final and in full force and effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)satisfies the Permit Appeal Qualification; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)is free from conditions or requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)the compliance with which could reasonably be expected to have a Material Adverse Effect; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)that the Borrower does not expect to be able to satisfy on or prior to the commencement of the relevant stage of the Project Phase 1 Development or Project Phase 2 Development except to the extent that failure to so satisfy such condition could not reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)*Opinions from Counsel*. Receipt by the Intercreditor Agent and the Credit Facility Secured Parties of the legal opinions and reliance letters set forth in Schedule C - 2 (*Table of Requirements for Legal Opinions – Conditions to Upsize Closing*) and in accordance with the requirements therein, with such changes thereto as may be in form and substance reasonably satisfactory to the Intercreditor Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)*Project Development*. Receipt by the Intercreditor Agent of true, complete and correct copies of:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)a certificate of the Obligors attaching the updated Construction Budget and Schedule with respect to the Project Phase 1 Development and the Project Phase 2 Development, substantially in the form attached as Schedule D - 1 (*Construction Budget and Schedule – Construction Budget*) and Schedule D - 2 (*Construction Budget and Schedule – Construction Schedule*) hereto, which shall include a list or schedule of the amount of Project Costs paid by the Sponsor, the Obligors, or their Affiliates with respect to the Phase 2 LNG Facility prior to the Upsize Closing Date (including the Upsize Closing Date Prior Phase 2 Equity Contributions), and certifying that: (A) such budget and schedule is the best reasonable estimate of the information set forth therein as of the date of such certificate; (B) such budget and schedule is based on assumptions made in good faith and believed reasonable at the time made in light of the legal and factual circumstances then applicable to the Project Phase 1 Development and Project Phase 2 Development and is consistent with the requirements of the Transaction Documents as of the Upsize Closing Date; (C) the sum of (1) the Term Loan Commitments in effect as of the Upsize Closing Date, (2) the Minimum Assumed Commissioning Cargo Proceeds, (3) the cash and cash equivalents on deposit in the Construction Account and (4) the Assumed Post-COD P1 SPA Profits, as determined as of the Upsize Closing Date, equals or exceeds the remaining Project Costs (including contingency set forth in the Construction Budget and Schedule and the final report of the Independent Engineer contemplated by clause (iii) below) necessary for the Project to achieve the Project Phase 1 Completion Date on or prior to the Phase 1 LNG Facility Date Certain and the Project Phase 2 Completion Date on or prior to the Phase 2 LNG Facility Date Certain; and (D) the construction and development work with respect to the Project Phase 3A Development and the Project Phase 3B Development will not adversely interfere in any material respect with the construction and development work with respect to the Project Phase 1 Development or the Project Phase 2 Development;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)a certificate of the Obligors attaching the updated Base Case Forecast, which demonstrates compliance with the Base Case Sizing Criteria, and certifying that: (A) the projections in the Base Case Forecast were made in good faith; and (B) the assumptions on the basis of which such projections were made were believed by the Borrower (when made and delivered) to be reasonable and consistent with the Construction Budget and Schedule and the Transaction Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)a final report of the Independent Engineer (including certifications and discussions therein relating to the adequacy of the contingency (in an amount equal to not less than the Contingency Reserve Amount) relating to the Project to satisfy potential cost overruns with respect to the Project Phase 1 Development and the Project Phase 2 Development), together with a reliance letter from the Independent Engineer in form and substance reasonably satisfactory to the Credit Facility Agent;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)a final report of the CCRA Consultant, together with a reliance letter from the CCRA Consultant in form and substance reasonably satisfactory to the Credit Facility Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)a final report prepared by each Market Consultant, together with a reliance letter from such Market Consultant in form and substance reasonably satisfactory to the Credit Facility Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)final reports prepared by the Phase 1 Environmental Assessment Consultant, described on Schedule X (*Phase I Environmental Assessments*) hereto, together with a reliance letter from such Phase 1 Environmental Assessment Consultant in form and substance reasonably satisfactory to the Credit Facility Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)a certificate of the Independent Engineer (A) concurring with the Borrower's certification in sub-clause (i) above and (B) validating the Obligors' list or schedule of the amount of Project Costs with respect to the Phase 2 LNG Facility paid by the Borrower prior to the Upsize Closing Date referred to in sub-clause (i) above, which such list shall specify such Project Costs paid (x) from the Excess Equity Proceeds Account and (y) by the Sponsor or its Affiliates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)a final report prepared by the Environmental Consultant, together with a reliance letter from such Environmental Consultant in form and substance reasonably satisfactory to the Credit Facility Agent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix)a final report prepared by the Compliance Assessment Consultant, together with a reliance letter from such Compliance Assessment Consultant in form and substance reasonably satisfactory to the Credit Facility Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)*Financial Statements*. Receipt by the Intercreditor Agent of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)a certified copy of the most recent pro forma balance sheet of the Borrower, based on the Borrower's balance sheet for the most recently ended fiscal quarter for which financial statements have been finalized;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)copies of the most recent financial statements of the Obligors delivered pursuant to Section 10.1(a)(i) of the Original Common Terms Agreement, together with a certificate executed by an Authorized Officer of each of the Obligors certifying that such financial statements fairly present in all material respects the financial condition and results of operations of the Obligors on the dates and for the periods indicated in accordance with GAAP, subject to the absence of notes and normal year-end audit adjustments; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)to the extent (A) delivered to the Borrower or any Guarantor under any Phase 2 Material Project Agreement and (B) requested (prior to the Upsize Closing Date) by the Credit Facility Agent or any Credit Facility Lender, financial statements of the Phase 2 Material Project Counterparties;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)*Insurance*. Receipt by the Intercreditor Agent of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)a report from the Insurance Advisor, prepared in accordance with generally accepted consulting practices together with a certificate of the Insurance Advisor confirming that the insurance policies to be provided in compliance with Section 12.28 (*Insurance Covenant*) conform to the requirements specified in the Finance Documents and are in accordance with Prudent Industry Practices; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)a reliance letter from the Insurance Advisor in form and substance reasonably satisfactory to the Credit Facility Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)*[Reserved].*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)*Bank Regulatory Requirements*. Receipt by the Intercreditor Agent and each other Finance Party that is a party to this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)at least three Business Days prior to the Upsize Closing Date, with respect to each of the Collateral Parties, of a certified electronic copy of each of the documents listed in Schedule E (*Know Your Customer Documentation*) that are required in order for each Facility Lender to carry out all necessary "know your customer" or similar requirements and such other information as may be reasonably required by such Facility Lender to address such requirement, including those reasonably required to ensure compliance with anti-money laundering procedures (including the USA Patriot Act) in its relevant jurisdiction, in each case to the extent not otherwise delivered to the relevant Finance Party at or prior to the Upsize Closing Date (and provided that any subsequent changes in such documents or updates to information contained therein shall be so delivered in accordance with this clause (k)(i)); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)at least three Business Days prior to the Upsize Closing Date, a Beneficial Ownership Certification from the Borrower if it qualifies as a "legal entity customer" under the Beneficial Ownership Regulation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)*Officer's Certificates*. Receipt by the Intercreditor Agent of a copy of a duly executed certificate of each of the Collateral Parties and, with respect to sub-clauses (i) - (iii) below, of each Affiliated Service Counterparty:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)attaching a copy of the Constitutional Documents of each of the Collateral Parties and each Affiliated Service Counterparty, together with any amendments thereto (and certifying that such Constitutional Documents have not been revoked or amended since the date of the attached Constitutional Documents);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)attaching copies of resolutions approving the Collateral Parties' and the Affiliated Service Counterparties' entry into the Finance Documents, Phase 1 Material Project Agreements and Phase 2 Material Project Agreements, as applicable (and certifying that

&nbsp;&nbsp;&nbsp;&nbsp;

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such resolutions have not been revoked or amended since the date of adoption thereof);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)attaching incumbency certificates in respect of signatories; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)certifying that the conditions in clauses (c) (*Material Project Agreement Default*) and (m) (*Representations and Warranties*) of this Section 4.2 (*Conditions to Upsize Closing Date*) have been met;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)*Representations and Warranties*. Each of the representations and warranties of the Obligors as set forth under Article 5 (*Representations and Warranties of the Obligors*) of this Agreement is true and correct in all material respects (except for those qualified by materiality or Material Adverse Effect, each of which shall be true and correct in all respects) as to such Obligor on and as of the Upsize Closing Date as if made on and as of the Upsize Closing Date (or if stated to have been made solely as of an earlier date, as of such earlier date);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)*LNG SPAs.* No actual LNG SPA Prepayment Event or Unmatured LNG SPA Prepayment Event (i) has occurred and is continuing or (ii) could reasonably be expected to occur after giving effect to the Project Phase 2 Development;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)*Lien Search; Perfection of Security*. Receipt by the Collateral Agent of copies or evidence, as the case may be, of the following actions in connection with the perfection of the Collateral:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)completed requests for information or copies of the UCC search reports and tax lien, judgment and litigation search reports for the State of Delaware, the State of Texas and the State of Louisiana, and any other jurisdiction reasonably requested by any of the Facility Agents that name each Obligor or the Pledgor as debtor, together with copies of each UCC financing statement, fixture filing or other filings listed therein, which evidences no Liens on the Collateral, other than Permitted Liens; all dated within 15 Business Days prior to the Upsize Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)UCC financing statements, fixture filings or other filings reflecting the Liens granted pursuant to the Common Security and Account Agreement and the other Security Documents that any of the Facility Agents may deem necessary or desirable in order to perfect the first priority Liens (subject to Permitted Liens) created thereunder; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the Collateral is subject to the perfected first priority Lien (subject only to Permitted Liens) established pursuant to the Security Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)*Fees; Expenses*. Irrevocable instructions for the payment to each of the Facility Agents for its own account, or for the account of the relevant Facility Lender entitled thereto, of all fees due and payable as of the Upsize Closing Date pursuant to the Finance Documents, and all costs and expenses (including reasonable costs, fees and expenses of legal counsel

&nbsp;&nbsp;&nbsp;&nbsp;

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and Consultants) payable thereunder for which reasonably detailed invoices have been presented to the Borrower at least two Business Days prior to the Upsize Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)*Authority to Conduct Business*. Receipt by the Intercreditor Agent of satisfactory evidence, including certificates of good standing, dated no more than five Business Days prior to the Upsize Closing Date, from the Secretary of the State of Louisiana, the Secretary of State of the State of Delaware and the Secretary of State of the State of Texas, as applicable, of the authority of each Collateral Party and Affiliated Service Counterparty to carry on its business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)*Total Capitalization*. The aggregate Term Loan Commitments are not more than 75% of the then-current estimate of Project Costs projected in the Construction Budget and Schedule as of the Upsize Closing Date to be incurred by the Obligors for the Project Phase 1 Development and the Project Phase 2 Development;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s)*Lien Waivers*. Receipt by the Intercreditor Agent of Lien Waivers as have then been required pursuant to each of the Phase 2 Material Construction Contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t)*Flood Insurance.* Receipt by each of the Facility Lenders of the following flood coverage documents from the Borrower, in each case to be satisfactory to each of the Facility Lenders:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)a Flood Certificate with respect to the Mortgaged Property, which Flood Certificate shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)be addressed to the Credit Facility Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)provide for "life of loan" monitoring; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)otherwise comply with the Flood Program;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)if the Flood Certificate states that any structure comprising a portion of the anticipated Mortgaged Property will be located in a special flood hazard area (as defined pursuant to applicable flood insurance regulations), the Borrower's written acknowledgment of receipt of written notification from the Credit Facility Agent and any Facility Lender requesting the same:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)as to the existence of such Mortgaged Property; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(B)*as to whether the community in which such Mortgaged Property will be located is participating in the Flood Program;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u)*Notes*. Receipt of copies of the notes requested by the Facility Lenders pursuant to their Facility Agreement, as applicable, duly authorized, executed and delivered by the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)*Litigation; Regulatory Action.* There are no actions, suits, proceedings, investigations or similar actions pending or, to the knowledge of each

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Obligor, threatened (in writing) against such Obligor that have had or could reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w)*No Force Majeure*. To the knowledge of the Obligors, no event of force majeure (as defined under the applicable Phase 2 Material Project Agreement) has occurred and is continuing under any Phase 2 Material Project Agreement the consequences of which could reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)*Absence of Default*. No Unmatured Loan Facility Event of Default or Loan Facility Event of Default has occurred and is Continuing on such date or could reasonably be expected to result from the consummation of the transactions contemplated by the Transaction Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y)*Equity Funding Commitments and Minimum Funded Amount*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)The Borrower shall have made or made arrangements to provide Equity Commitment Support in an amount equal to the Equity Funding Backstop Amount and the Intercreditor Agent shall have been provided a copy of each Equity Commitment Document;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)CP2 EBL Borrower shall have made, or made arrangements to indirectly make, substantially concurrently with the Upsize Closing Date, an Equity Funding in an aggregate amount equal to at least $[\*\*\*] pursuant to the Contribution Agreement (Upsize Closing) in accordance with the Funds Flow Memorandum delivered in accordance with Section 4.2(bb) (*Conditions to Upsize Closing Date* – *Funds Flow Memorandum*); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the Senior Debt/Equity Ratio shall be no greater than 75:25 after giving effect to the transactions contemplated hereby on the Upsize Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z)*Notice to Proceed*. Issuance by the Borrower, the Pipeline Company and the Procurement Company, as applicable, of the "Notice to Proceed" or "FNTP", as applicable, under and in accordance with each of the Phase 2 EPC Contract and the Phase 2 Procurement, Supply and Construction Contracts, as determined as being necessary as of the Upsize Closing Date by the Borrower in its sole discretion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aa)*Delivery of Material Permits.* The Intercreditor Agent has received a copy of each material Permit (including the FERC Order, the FTA Authorization and Non-FTA Authorization) required for the applicable stage of development/construction the Project Phase 2 Development as of the Upsize Closing Date; 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ab)*Funds Flow Memorandum.* Delivery by the Borrower of the memorandum setting forth the flow of funds on the Upsize Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ac)*Equator Principles.* Reasonable satisfaction of customary Lender diligence in respect of Equator Principles matters, and implementation (to the extent required as of the Upsize Closing Date) in all material respects of the "Equator Principles Action Plan" (as described in the Independent Engineer's final report); and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ad)*Flood Insurance.* Receipt by each Lender of satisfactory documentary evidence that the Borrower's flood insurance policy is in full force and effect as of the Upsize Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.3Conditions to Each Term Loan Advance** 

Except as specified in Section 14.4(b) (*Project Phase 2 Completion Date Waterfall – Final Advance of Term Loans*), the obligation of each Facility Lender (other than the Working Capital Lenders) to make available any Advance of Term Loans is subject to the satisfaction or waiver of the following (and, in the case of any Advance of Term Loans other than the Initial Advance, no other) common conditions precedent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)*Disbursement Request*. Receipt by the applicable Facility Agent of a Disbursement Request substantially in the form set forth in Schedule B-1 (*Disbursement Request Form (Term Loans)*) (and in such form as required pursuant to each Facility Agreement), which shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)be for an amount that does not exceed (A) Project Costs reasonably expected to be due or incurred within the next 45 days succeeding the date of the proposed Advance *minus* (B) the amount estimated to be on deposit in the Construction Account on the date of such Advance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)include a certification from the Borrower (and, in the case of the certifications set forth in sub-clauses (A), (B), (C) and (D) below, to which the Independent Engineer reasonably concurs):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)that the Independent Engineer has received from the Borrower (1) a detailed breakdown of the Project Costs to be funded pursuant to such Advance and (2) copies of or access to each invoice related to Project Costs incurred since the most recent Advance (or in the case of the first Advance after the Initial Closing Date, since Initial Closing) that is for more than $500,000 (excluding any invoices related to Permitted Hedging Instruments, Senior Debt or any Permitted Finance Costs and non-construction transaction costs and expenses) and, to the extent necessary, additional invoices so that the Independent Engineer has received invoices with respect to each prior Advance representing at least 90% of the applicable Project Costs (excluding any invoices related to Permitted Hedging Instruments, Senior Debt or any Permitted Finance Costs and non-construction transaction costs and expenses) incurred since the most recent Advance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)that the amount of the Advance being requested (1) is supported by such information provided by the Obligors to the Independent Engineer and certified by the Borrower as true, correct and complete with respect to the matter under review or (2) with respect to any evidence that constitutes estimated information, is based on reasonable good faith

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projections reasonably satisfactory to the Independent Engineer; *provided* that, the Independent Engineer will not be required to evaluate the reasonableness of the projections with respect to funds used or funds related to payments under Permitted Hedging Instruments, Senior Debt, any Permitted Finance Costs and non-construction transaction costs or expenses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)(1) that the construction of the Project Phase 1 Development and the Project Phase 2 Development is proceeding substantially in accordance with the construction schedule set out in the Construction Budget and Schedule or, if not so proceeding, any delays shall, prior to the Project Phase 1 Completion Date, not be reasonably expected to cause the Project Phase 1 Completion Date to otherwise not be achieved by the Phase 1 LNG Facility Date Certain or not be reasonably expected to cause the Project Phase 2 Completion Date to otherwise not be achieved by the Phase 2 LNG Facility Date Certain and, after the Project Phase 1 Completion Date and prior to the Project Phase 2 Completion Date, not be reasonably expected to cause the Project Phase 2 Completion Date to otherwise not be achieved by the Phase 2 LNG Facility Date Certain, (2) as to the current utilization of previous Advances and (3) the In-Construction Sufficiency Condition is satisfied;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)that the Independent Engineer has received evidence that the full amount of the proceeds of the last preceding Advance has been either (1) paid in accordance with the Finance Documents or (2) retained in the Construction Account;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E)that construction reports that are then due pursuant to Section 10.4 (*Construction Reports*) have been provided to the Intercreditor Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(F)that the Borrower reasonably believes, prior to the Project Phase 1 Completion Date, that the Project Phase 1 Completion Date shall occur on or prior to the Phase 1 LNG Facility Date Certain and the Project Phase 2 Completion Date shall occur on or prior to the Phase 2 LNG Facility Date Certain and, after the Project Phase 1 Completion Date and prior to the Project Phase 2 Completion Date, that the Project Phase 2 Completion Date shall occur on or prior to the Phase 2 LNG Facility Date Certain;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(G)that each of the conditions in clauses (b) (*Representations and Warranties*), (c) (*Absence of Default*), (d) (*Permits*), (e) (*Collateral*), (i) (*Senior Debt/Equity Ratio*) and (j) (*Export Authorizations*) below have been met;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(H)none of the Construction Contractors has sought a Change Order to which such Construction Contractor is entitled for any EPC Change in Law as contemplated under Section 12 (*Changes in the Work*) of the Phase 1 EPC Contract, Section 12 (*Changes in the Work*) of the Phase 2 EPC Contract or the corresponding provision of any Material Construction Contract that would reasonably be expected to, taking into account the increase in the contract price thereunder, cause the condition set forth in sub-clause (C) above not to be satisfied; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I)as to compliance with the Senior Debt/Equity Ratio specified in clause (i) of this Section 4.3 (*Conditions to Each Term Loan Advance*); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)include either (A) a list of all Change Orders for more than $20 million not theretofore submitted to the Intercreditor Agent, together with a statement by the Borrower that copies of the same have been submitted to the Independent Engineer prior to the date of the applicable Disbursement Request or (B) a Borrower statement that all Change Orders for more than $20 million have previously been submitted to the Intercreditor Agent and the Independent Engineer; 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)*Representations and Warranties*. Each of the Repeated Representations made by such Obligor is true and correct in all material respects, except for those representations and warranties that are qualified by materiality or Material Adverse Effect, which shall be true and correct in all respects, as to such Obligor on and as of the date of such Advance as if made on and as of such date (or, if stated to have been made solely as of an earlier date, as of such earlier date); 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)*Absence of Default*. No Unmatured Loan Facility Event of Default or Loan Facility Event of Default has occurred and is Continuing on such date or could reasonably be expected to result from the consummation of the transactions contemplated by the Transaction Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)*Permits.* The Intercreditor Agent shall have received a copy of each material Permit to the extent required as of such date for the Project Phase 1 Development and the Project Phase 2 Development;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)*Collateral.* The Collateral is subject to the perfected first priority Lien (subject only to Permitted Liens) in accordance with the requirements of, and established pursuant to, the Security Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)*Real Property*. Receipt by the Collateral Agent of a Disbursement Endorsement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)*Lien Waivers*. Receipt by the Intercreditor Agent of Lien Waivers as have then been required pursuant to each of the Material Construction Contracts;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)*Fees; Expenses*. Receipt by each of the Facility Agents for its own account, or for the account of the relevant Facility Lender entitled thereto, of, or issuance of irrevocable instructions to pay from the proceeds of the Advance, all fees due and payable on and as of the date of the Advance pursuant to the Finance Documents, and all costs and expenses (including reasonable costs, fees and expenses of legal counsel and Consultants) payable thereunder for which reasonably detailed invoices have been presented to the Borrower at least three Business Days prior to the Advance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)*Senior Debt/Equity Ratio*. The Senior Debt/Equity Ratio shall be no greater than 75:25, as confirmed by the Borrower (or, if the Senior Debt/Equity Ratio is greater than 75:25, a corresponding amount of Equity Funding shall be made concurrently with the applicable Advance to cause the Senior Debt/Equity Ratio to be no greater than 75:25);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)*Export Authorizations*. No Impairment of any Required Export Authorization with respect to any Required LNG SPA has occurred and is continuing that could reasonably be expected to result in a Material Adverse Effect. For the avoidance of doubt, if such an Impairment ceases to be continuing, whether as a result of an Export Authorization Remediation or otherwise, this condition will be deemed fulfilled; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)*Equity Funding*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)The Borrower has fully funded, or will cause to be concurrently fully funded, all of the proceeds of the Equity Contribution pursuant to the Contribution Agreement and the Contribution Agreement (Upsize Closing).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)On and from the Debt Commitment Resizing Deadline, if the Debt Commitment Sizing Conditions have not been satisfied on or before the Debt Commitment Resizing Deadline, the Borrower has (x) fully funded, or will cause to be concurrently fully funded, all of the required Equity Commitment Funding pursuant to the Equity Contribution Agreement or (y) caused the Sponsor and the Intercreditor Agent to instruct the Collateral Agent to draw on any available Equity Commitment Support, in each case, in an amount equal to the Aggregate Remaining Equity Contribution Obligations under the Equity Contribution Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.4Conditions to Each Advance under the Working Capital Facility**

The obligation of each Working Capital Lender to make available any Advance of Upsized Senior Debt is subject to the satisfaction or waiver of the following (and no other) common conditions precedent:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)*Disbursement Request*. If such disbursement request is a request for Working Capital Loans, receipt by the Credit Facility Agent of a Disbursement Request substantially in the form set forth in Schedule B-2 (*Disbursement Request Form (Working Capital Loans)*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)*Issuance Request.* If such disbursement request is a request for Letters of Credit, receipt by the Credit Facility Agent of an Issuance Request substantially in the form set forth in Schedule B-3 (*Issuance Request Form (Letters of Credit)*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)*Absence of Default*. No Unmatured Loan Facility Event of Default or Loan Facility Event of Default has occurred and is Continuing on such date or could reasonably be expected to result from the consummation of the transactions contemplated by the Transaction Documents; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)*Representations and Warranties*. Each of the Repeated Representations made by each Obligor is true and correct in all material respects, except for those representations and warranties that are qualified by materiality or Material Adverse Effect, which shall be true and correct in all respects, as to such Obligor on and as of the date of such Advance as if made on and as of such date (or, if stated to have been made solely as of an earlier date, as of such earlier date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.5Satisfaction of Conditions**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)In relation to the Initial Closing and the Initial Advance:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)each of the conditions precedent set forth in Section 4.1 (*Conditions to Initial Closing Date and Initial Advance*) and Section 4.3 (*Conditions to Each Term Loan Advance*) was satisfied or waived on the Initial Closing Date, (x) the Borrower delivered to the Intercreditor Agent a certificate to such effect (such certificate, the "*Initial Closing Conditions Certificate*") and (y) the Intercreditor Agent delivered the Initial Closing Conditions Certificate to the Credit Facility Agent and the Intercreditor Agent countersigned the Initial Closing Conditions Certificate and delivered the same to the Credit Facility Agent, solely for the purpose of acknowledging receipt of the Initial Closing Conditions Certificate and confirming such waivers (if any), and delivered such countersigned certificate to the Borrower (such countersigned Initial Closing Conditions Certificate referred to as the "*Initial Closing Notice*"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the Disbursement Request with respect to the Initial Advance was delivered by the Borrower following the delivery of the Initial Closing Notice in accordance with the applicable requirements set forth in the Credit Facility Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)In relation to the Upsize Closing Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)if each of the conditions precedent set forth in Section 4.2 (*Conditions to Upsize Closing Date*) has been satisfied or waived, (x) the Borrower shall deliver to the Intercreditor Agent a certificate to such effect (such certificate, the "*Upsize Closing Date* 

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*Conditions Certificate*") and (y) the Intercreditor Agent shall deliver the Upsize Closing Date Conditions Certificate to the Credit Facility Agent and unless a separate instrument effecting any such waiver has been signed by each of the relevant Parties, the Intercreditor Agent shall countersign the Upsize Closing Date Conditions Certificate and deliver the same to the Credit Facility Agent, solely for the purpose of acknowledging receipt of the Upsize Closing Date Conditions Certificate and confirming such waivers (if any), and deliver such countersigned certificate to the Borrower or otherwise provide the Borrower with a written confirmation of its receipt of the Borrower's Upsize Closing Date Conditions Certificate (such countersigned Upsize Closing Date Conditions Certificate, or such Upsize Closing Date Conditions Certificate together with the Intercreditor Agent's written confirmation of receipt thereof, is collectively referred to as the "*Upsize Closing Notice*"). The occurrence of the Upsize Closing and the obligation of each Term Lender (as defined in the Credit Facility Agreement) to make the initial Advance following the Upsize Closing Date is subject to the Intercreditor Agent's delivery of the Upsize Closing Date Notice to the Borrower prior to or concurrently with the Upsize Closing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the Disbursement Request with respect to the initial Advance following the Upsize Closing Date may be delivered by the Borrower at any time on or following (and in no event prior to) the delivery of the Upsize Closing Notice, which notice must be delivered no later than 11:00 a.m., New York City time, on the Business Day prior to the proposed Advance and otherwise in accordance with the applicable requirements set forth in the Credit Facility Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)In relation to each Advance made under any Additional Senior Debt such Advance shall be subject to satisfaction or waiver of such conditions precedent as may be set forth in the Facility Agreement for such Additional Senior Debt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)In relation to each Advance under a Facility Agreement, the Intercreditor Agent may waive one or more conditions precedent set out in this Article 4 (*Conditions Precedent*) or any additional conditions to disbursements under the applicable Facility Agreement upon receiving instructions regarding any such waiver from the Facility Agent under the Facility Agreement related to such Advance and the Intercreditor Agent shall promptly notify the Borrower of such waiver.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)The conditions precedent in this Article 4 (*Conditions Precedent*) and under any Facility Agreement shall be interpreted to permit a single certificate from a Party certifying as to matters required by multiple sections and subsections of this Article 4 (*Conditions Precedent*).

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**5. REPRESENTATIONS AND WARRANTIES OF THE OBLIGORS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.1Initial Representations and Warranties of the Obligors**

Each Obligor makes the following, and no other, common representations and warranties to each Facility Lender (*provided* that, if making any representation and warranty in clauses (c) and (g) of this Section 5.1 (*Initial Representations and Warranties of the Obligors*), in each case, insofar as such representation or warranty relates to Sanctions, would result in any Excluded Lender breaching the Blocking Regulation, that representation and warranty is deemed not to be given to the Excluded Lender but only to the extent of the breach and no Excluded Lender is entitled to the benefit of, nor may rely on, that representation and warranty to that extent). Each such representation and warranty is made at the Upsize Closing Date only:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)*Conduct of Business*

In respect of each Obligor, it is not engaged in any business other than the Development as contemplated by its Constitutional Documents and the Transaction Documents then in effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)*Material Permits*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)All material Permits (other than the FERC Order and the Export Authorizations) necessary for the Project Phase 1 Development and Project Phase 2 Development are set forth in Schedule F (*Material Permits*) hereto, and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)as to those identified as such in the relevant schedule, (1) have been duly obtained, were validly issued, are in full force and effect, (2) satisfies the Permit Appeal Qualification, and (3) all applicable fixed time periods for appeal set forth in the Government Rules pursuant to which such Permits were issued have expired or are Permits that do not have limits on appeal periods; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)as to those identified as such in the relevant schedule, are expected by the Obligors to be obtained in the ordinary course by the time they are necessary for the Project Phase 1 Development and Project Phase 2 Development; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)in the case of the Permits described in sub-clause (A) above, are, or, in the case of the Permits described in sub-clause (B) above, are reasonably expected to be, free from conditions or requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)the compliance with which could reasonably be expected to have a Material Adverse Effect; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)which the Obligors do not expect to be able to satisfy on or prior to the commencement of the

&nbsp;&nbsp;&nbsp;&nbsp;

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relevant stage of Project Phase 1 Development and Project Phase 2 Development for which such Permit is necessary, except to the extent that a failure to so satisfy such condition or requirement could not reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)In respect of each Obligor, to its Knowledge, there is no action, suit or proceeding pending with respect to any material Permit set forth in Schedule F (*Material Permits*) attached hereto (not including the FERC Order or any Export Authorization) that could reasonably be expected to result in a Material Adverse Effect or satisfies the Permit Appeal Qualification.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)*Compliance with Laws*

Except to the extent already contemplated under this Article 5 (*Representations and Warranties of the Obligors*) hereof, each Obligor is in material compliance with all material applicable Government Rules.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)*No Employees*

None of the Obligors has any current or former employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)*Labor Matters*

In respect of each Obligor, no strikes, lockouts or slowdowns in connection with it or the Project Facilities exist or, to its Knowledge, are threatened that could reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)*Legal Name and Place of Business*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)The full and correct legal name, type of organization and jurisdiction of organization of each of the Obligors is as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)Venture Global CP2 LNG, LLC, a limited liability company organized under the laws of the State of Delaware;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)Venture Global CP Express, LLC, a limited liability company organized under the laws of the State of Delaware; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)CP2 Procurement, LLC, a limited liability company organized under the laws of the State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)Except as set forth on Schedule 5.1(f)(ii) (*Prior Locations*), no Obligor has ever changed its name or location (as defined in Section 9-307 of the UCC); and

&nbsp;&nbsp;&nbsp;&nbsp;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)On the Upsize Closing Date, the chief executive offices of the Obligors are located at 1001 19<sup>th</sup> Street North, Suite 1500, Arlington, VA 22209.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)*Sanctions, Anti-Corruption Laws and USA Patriot Act*

The use of the proceeds of the Loans does not violate, and will not cause a violation by any person of, any Applicable Anti-Corruption Laws, Anti-Terrorism and Money Laundering Laws, or Sanctions, and none of the Obligors, the Sponsor or any of their respective Affiliates, nor, to the Knowledge of the Obligors, any of their respective directors, officers or employees, is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the target of Sanctions administered by the United States, including by OFAC and by the US Department of State, the European Union, any EU member state, or His Majesty's Treasury of the United Kingdom;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)a Person listed in any Sanctions-related list of sanctioned Persons maintained by the United States, including by OFAC and the U.S. Department of State, by the United Nations Security Council, the European Union, any EU member state, or the His Majesty's Treasury of the United Kingdom;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)a Person located, organized or resident in a country, territory, or region that is, or whose government is, the target of Sanctions under OFAC or by the US Department of State, the European Union, any EU member state, or His Majesty's Treasury or the United Kingdom (as of the date of this Agreement, Cuba, Iran, North Korea, Syria, the Crimea region of Ukraine, the so-called Donetsk People's Republic and the so-called Luhansk People's Republic, and the non-government controlled areas of Ukraine in the oblasts of Zaporizhzhia and Kherson);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)a Person owned or controlled by a Person or Persons, country, territory, or region in (i) through (iii) (each such person in (i) through (iv), a "*Sanctioned Person*"); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)the subject of any action or investigation by any Governmental Authority with respect to any actual or alleged violation of any Applicable Anti-Corruption Laws, Anti-Terrorism and Money Laundering Laws, or Sanctions.

The Obligors and the Sponsor, and, to the Knowledge of the Obligors, their respective Affiliates, directors, officers and employees, (A) are in material compliance with Applicable Anti-Corruption Laws, Anti-Terrorism and Money Laundering Laws, and Sanctions, and (B) have not committed, in the last five years prior to the Initial Closing Date, any breach of any Sanctions, Applicable Anti-Corruption Laws or Anti-Terrorism and Money Laundering Laws.

&nbsp;&nbsp;&nbsp;&nbsp;

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The Obligors and the Sponsor and, to the Knowledge of the Obligors, their respective Affiliates have instituted and maintain policies and procedures reasonably designed to promote compliance with Applicable Anti-Corruption Laws, Anti-Terrorism and Money Laundering Laws, and Sanctions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)*Financial Condition*

In respect of each Obligor, there has been no change in its financial condition, operations or business since the date of the financial statements referred to in Section 4.2(h) (*Conditions to Upsize Closing Date – Financial Statements*) that could reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)*Information; Projections*

In respect of each Obligor, except as otherwise disclosed by it in writing, no information furnished in writing to the Senior Creditors by or on behalf of it in connection with the transactions contemplated by the Transaction Documents or delivered to the Collateral Agent, any Consultant or a Facility Agent in connection therewith (or their counsel), when taken as a whole, contains, as of the date of such information, any untrue statement of a material fact pertaining to it or the Development or omits to state a material fact pertaining to it or the Development necessary to make the statements contained herein or therein not misleading in any material respect (*provided* that, no representation or warranty is made with respect to any forecast, estimate, forward-looking information, information of a general economic or general industry nature or pro forma calculation made in the Construction Budget and Schedule, this Agreement or Base Case Forecast, including with respect to the start of operations of the Project Facilities, the Project Phase 1 Completion Date, the Project Phase 2 Completion Date, final capital costs or operating costs of the Development, oil prices, Gas prices, LNG prices, electricity prices, Gas reserves, rates of production, Gas market supplies, LNG market demand, exchange rates or interest rates, rates of taxation, rates of inflation, transportation volumes or any other forecasts, projections, assumptions, estimates or pro forma calculations, except that they are based on assumptions made in good faith and believed reasonable at the time made in light of the legal and factual circumstances then applicable to the Development, and it makes no representation as to the actual attainability of any projections set forth in the Base Case Forecast or Construction Budget and Schedule, or any such other items listed in this proviso). Without limiting the generality of the foregoing, no representation or warranty shall be made by any Obligor as to any information or material provided by a Consultant (except to the extent such information or material originated with such Obligor).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)*Environmental and Social*

Except as set forth in Schedule G (*Disclosure Schedule*) hereto:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)except as could not reasonably be expected to result in a Material Adverse Effect, each Obligor and the Project Facilities are, and have been, in compliance with all applicable Environmental Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)there are no past or present facts, circumstances, conditions, events or occurrences, including Releases of Hazardous Materials by the Obligors or with respect to the Project Facilities or any Real Estate on which any Project Facilities are located, that could reasonably be expected to give rise to any Environmental Claims that could reasonably be expected to have a Material Adverse Effect or cause the Project Facilities to be subject to any restrictions on ownership, occupancy, use or transferability under any Environmental Laws that could reasonably be expected to have a Material Adverse Effect (excluding restrictions on the transferability of Permits upon the transfer of ownership of assets subject to such Permit);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)Hazardous Materials have not at any time been Released at, on, under or from the Project Facilities, or any Real Estate on which they are situated, by an Obligor or, to the Knowledge of such Obligor, other Persons, other than in material compliance at all times with all applicable Environmental Laws or in such manner as otherwise could not reasonably be expected to result in a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)there have been no material environmental investigations, studies, audits, reviews or other analyses relating to environmental site conditions that individually or in the aggregate could reasonably be expected to have a Material Adverse Effect and that have been conducted by, or that are in the possession or control of, the Obligors in relation to the Project Facilities, or any Real Estate on which they are situated, that have not been provided to the Collateral Agent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)the Obligors have not received any letter or written request for information under Section 104 of CERCLA, or comparable state laws, and to the Knowledge of the Obligors, none of the operations of the Obligors is the subject of any investigation by a Governmental Authority evaluating whether any remedial action is needed to respond to a Release or threatened Release of any Hazardous Materials relating to the Project Facilities, or any Real Estate on which they are situated, or at any other location, including any location to which the Obligors have transported, or

&nbsp;&nbsp;&nbsp;&nbsp;

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arranged for the transportation of, any Hazardous Materials with respect to the Development, which, in each case above, could reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)*Taxes*

In respect of each Obligor, it (or, for the purposes of this clause (k) as it relates to U.S. federal income taxes, if it is a disregarded entity for U.S. federal income tax purposes, its first regarded owner for U.S. federal income tax purposes) has timely filed or caused to be filed all income tax returns that are required to be filed by or in respect of such Obligor and all other material tax returns that are required to be filed, and has paid (i) all Taxes shown to be due and payable on such returns or on any material assessments made against or in respect of such Obligor or any of its property and (ii) all other material Taxes imposed on or in respect of such Obligor or its property by any Governmental Authority (other than Taxes that are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves are being maintained in accordance with GAAP), and no tax Liens (other than Permitted Liens) have been filed and no claims are being asserted with respect to any such Taxes (other than claims which are being contested in good faith).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)*Regulatory Matters*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)None of the Obligors is subject to regulation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)under Section 3 of the Natural Gas Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)as a "natural-gas company" as such term is defined in the Natural Gas Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)under PUHCA; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)under the Louisiana or Texas Government Rules as a "public utility," a "gas company" or a "gas utility;"

*provided* that, the Borrower is subject to the provisions of Section 3 of the Natural Gas Act (1) for the siting, construction, expansion, and operation of the LNG Facility and (2) with respect to the export of LNG from the LNG Facility; and *provided further* that, the Pipeline Company is subject to Section 7 of the Natural Gas Act with respect to the construction and operation of the CP Express Pipeline, and each of the Obligors will become subject to provisions of the Natural Gas Act as a "natural-gas company" at such time as the Obligors, as applicable, engage in the transportation of "natural gas" (as such term is defined in the Natural Gas Act) in interstate commerce or the sale in interstate commerce of natural gas for resale; however, the Borrower will be

&nbsp;&nbsp;&nbsp;&nbsp;

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subject to regulation as a "natural-gas company" under the Natural Gas Act only to the extent of natural gas sales pursuant to Part 284, Subpart L of FERC's regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)None of the Collateral Agent nor the Senior Creditors, solely by virtue of the execution and delivery of the Finance Documents, the consummation of the transactions contemplated thereby, or the performance of obligations thereunder, shall be or become subject to the provisions of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)Section 3 of the Natural Gas Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)the Natural Gas Act as a "natural-gas company" as such term is defined in such Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)PUHCA; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)the Louisiana or Texas Government Rules as a "public utility," a "gas company" or a "gas utility."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)*Transactions with Affiliates*

In respect of each Obligor, it has not entered into any material agreement (other than the Material Project Agreements and any other agreements permitted by Section 12.21 (*Transactions with Affiliates*)) with the Sponsor or any of its Affiliates on terms and conditions which, in the aggregate, are less favorable to it than those that would be applicable in a comparable agreement with independent parties acting at arm's length (or, if there is no comparable arm's-length transaction, then on terms reasonably determined by such Obligor (acting through its board of managers, if applicable) to be fair and reasonable).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)*Solvency*

In respect of each Obligor, it is and, upon the incurrence of any Senior Debt Obligations on the Upsize Closing Date, and after giving effect to the transactions and the incurrence of Indebtedness in connection therewith, shall be Solvent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)*Ranking of Senior Debt Obligations*

Subject to Section 3.7 (*Pro Rata Payment*), the Senior Debt Obligations of each Obligor in respect of each Secured Party that is party to the Common Terms Agreement shall rank:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)*pari passu* in right of payment and otherwise with its Senior Debt Obligations to each other Secured Party under the Finance Documents; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)*pari passu* or senior in right of payment to all other Indebtedness of the Borrower whether now existing or hereafter outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)*Operating Responsibilities*

The administrative and operational responsibilities delegated to the Manager, the Operator and the Pipeline Operator, as applicable, pursuant to the Administrative Services Agreements and the O&M Agreements, collectively, constitute all the administrative and operational responsibilities necessary to comply with the obligations of the Obligors pursuant to the Transaction Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)*Material Project Agreements*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)A list of each Material Project Agreement existing on the Upsize Closing Date, is attached as Schedule H (*Material Project Agreements and Certain Other Contracts*) hereto. The Schedule contains details of all amendments, amendments and restatements, supplements, waivers and interpretations modifying or clarifying any of the above. True, correct and complete copies of each of the aforementioned contracts have been delivered to the Intercreditor Agent and certified by the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)to the Knowledge of each Obligor, all Material Project Agreements are in full force and effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)as of the Upsize Closing Date, no material default or event of default of any Obligor and, to the Knowledge of each Obligor, no material default or event of default of any counterparty exists under any Material Project Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)to the Knowledge of each Obligor, as of the Upsize Closing Date, the representations and warranties of the Material Project Counterparties under the Material Project Agreements are true and accurate in all material respects;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)as of the Upsize Closing Date, (A) except as set forth on Schedule H (*Material Project Agreements and Certain Other Contracts*), no event of force majeure (as defined under the applicable Material Project Agreement) in respect of which a Material Project Counterparty has sought or would reasonably be expected to seek relief from performance under a Material Project Agreement has occurred and is continuing under any Material Project Agreement or (B) no other circumstance exists that would entitle a Material Project Counterparty to terminate a Material Project Agreement or suspend its performance thereunder has occurred and is continuing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)except as set forth on Schedule H (*Material Project Agreements and Certain Other Contracts*) hereto, none of the Material Project Agreements has been terminated or otherwise amended, modified,

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supplemented, transferred, impaired or, to the applicable Obligor's Knowledge, assigned.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)*Equator Principles*

As of the Upsize Closing Date, the Obligors are in compliance in all material respects with the Equator Principles.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s)*Litigation*

Except as set forth on Schedule G (*Disclosure Schedule*) hereto, there are no actions, suits, proceedings, investigations or similar actions pending or, to the knowledge of the Obligors, threatened in writing against the Borrower or any Guarantor that would reasonably be expected to result in a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t)*Flood Insurance*

The Borrower has complied with the covenant in Section 12.28(c) (*Insurance Covenant*) and otherwise obtained flood insurance for each portion of the Mortgaged Property located in a special flood hazard area (as defined pursuant to applicable flood insurance regulations) and such insurance is in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u)*Liabilities*

Except as set forth in Schedule G (*Disclosure Schedule*) hereto, other than liabilities incurred in connection with the consummation of the transactions contemplated by the Transaction Documents, there are no material liabilities of any Obligor of any kind whatsoever, whether accrued, contingent, absolute, determined, determinable or otherwise that would be required to be reflected on a balance sheet of such Obligor prepared in accordance with GAAP other than those liabilities arising in the ordinary course of business and permitted under the Finance Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)*Beneficial Ownership Certification*

The information included in the Beneficial Ownership Certification is true and correct in all respects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w)*No Event of Loss or Event of Taking*

As of the Upsize Closing Date, no material Event of Loss or material Event of Taking has occurred or is, to the Borrower's Knowledge, threatened or pending.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)*Due Authorization*

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The execution, delivery and performance of the Finance Documents have been duly authorized by all necessary action on the part of each Obligor that is a party thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y)*No Indebtedness*

In respect of each Obligor, it has no Indebtedness other than Indebtedness incurred in accordance with Section 12.14 (*Limitation on Indebtedness*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.2Repeated Representations and Warranties of the Obligors**

Each Obligor makes the following representations and warranties to each Facility Lender (*provided* that, if making any representation and warranty in clauses (d)(ii) and (o) of this Section 5.2 (*Repeated Representations and Warranties of the Obligors*), in each case, insofar as such representation or warranty relates to Sanctions, would result in any Excluded Lender breaching the Blocking Regulation, that representation and warranty is deemed not to be given to the Excluded Lender but only to the extent of the breach and no Excluded Lender is entitled to the benefit of, nor may rely on, that representation and warranty to that extent). Unless otherwise indicated below, each such representation and warranty is made at the Upsize Closing Date, on the date of each Advance, on the Project Phase 1 Completion Date, on the Project Phase 2 Completion Date, and on the date of incurrence of Permitted Approved Expansion Debt, Permitted Relevering Debt, Permitted Completion Senior Debt and PDE Senior Debt:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)*Organization*

Each of the Obligors is a limited liability company duly organized validly existing and in good standing under the laws of the State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)*Financial Statements*

The financial statements of the Obligors most recently furnished to the Intercreditor Agent (whether pursuant to Section 4.2(h) (*Conditions to Upsize Closing Date – Financial Statements*) or Section 10.1(a) (*Accounting, Financial and Other Information*)) present fairly in all material respects its financial condition as at the date thereof in accordance with GAAP (subject to normal year-end adjustments and except to the extent any notes to the financial statements would not be required thereunder) consistently applied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)*Power and Authority and Qualification*

Each Obligor:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)has the power and authority to execute, deliver, perform and incur obligations under the Transaction Documents then in effect to which it is a party;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)has the power and authority to make the assignment and grant the Lien and Security Interest granted in the Collateral pursuant to the Finance Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)has the power and authority for the execution, delivery and performance of each of the Transaction Documents to which it is a party, each of the Transaction Documents has been duly authorized by it, and (assuming the due execution and delivery by the counterparties to the Obligors thereto) each of the Transaction Documents to which it is a party is in full force and effect and constitutes a legal, valid and binding obligation of it, enforceable against it in accordance with its terms, except as limited by general principles of equity and bankruptcy, insolvency and similar laws; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had, and could not be reasonably expected to have, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)*No Conflicts*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)In respect of each of the Obligors, its Constitutional Documents do not conflict with or prevent execution or delivery or performance by it of the Transaction Documents then in effect to which it is a party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)neither (x) any material law applicable to it, or agreement to which it is a party, nor (y) any order, judgment or decree to which it or any of its assets are subject conflict in any material respect with, or prevent execution or delivery or performance by it of, the Transaction Documents then in effect to which it is a party or conflict in any material respect with its Constitutional Documents

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)in respect of each of the Obligors, the Material Project Agreements then in effect to which it is a party do not conflict with or prevent execution or delivery or performance by it of the Finance Documents; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)the execution or delivery or performance by it of the Transaction Documents does not result in the creation or imposition of any Lien upon or with respect to any of its property or its assets now owned or hereafter acquired, other than Liens created under the Security Documents and other Permitted Liens.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)*Regulatory Matters*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)The FERC Order: (a) has been obtained by the Borrower with respect to the LNG Facility and by the Pipeline Company with respect to the CP Express Pipeline and (b) satisfies the Permit Appeal Qualification;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the Obligors are in material compliance with the FERC Order, and the FERC Order is free from conditions and requirements: (a) the compliance with which could reasonably be expected to have a Material Adverse Effect, or (b) that the applicable Obligor does not expect to be able to satisfy on or prior to the commencement of the relevant stage of Development except to the extent that failure to satisfy such condition or requirement could not reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)each of the FTA Authorization and the Non-FTA Authorization: (a) has been obtained by the Borrower and (b) satisfies the Permit Appeal Qualification; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)the Borrower is in material compliance with each of the FTA Authorization and the Non-FTA Authorization, and each of the FTA Authorization and the Non-FTA Authorization is free from conditions and requirements: (a) the compliance with which could reasonably be expected to have a Material Adverse Effect, or (b) that the Borrower does not expect to be able to satisfy on or prior to the commencement of the relevant stage of Development except to the extent that failure to satisfy such condition or requirement could not reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)*ERISA*

In respect of each Obligor, it:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)does not sponsor or participate in, or have any obligation to contribute to, or any liability under, any Plan or Multiemployer Plan; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)no ERISA Event has occurred or is reasonably expected to occur.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)*Title*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Except as otherwise permitted under the Finance Documents and other than with respect to real property (which is covered under clause (m) (*Real Property*) below), each Obligor owns good and valid title to all of its property and assets included in the Collateral, free and clear of all Liens other than Permitted Liens, and the Security Documents are effective to create a legal, valid and enforceable Lien on, and security interest in, all of the Collateral, and the Secured Parties have a first priority perfected security interest in the Collateral (subject to Permitted Liens); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)no previous assignment of, or security interest in, any Obligor's right, title and interest in any of the Collateral has been made or granted by any Obligor that remains in effect or is otherwise effective other than pursuant to the Finance Documents to which the Obligor is a party or in respect of Permitted Liens.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)*Subsidiaries*

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The Pledgor has no Subsidiaries other than the Obligors and none of the Obligors has any Subsidiaries (except, with respect to the Borrower, following the formation thereof in accordance with Section 7.5 (*External Expansions*), CFCo).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)*Investment Company Act (Obligors)*

In respect of each Obligor, it is not, and after giving effect to the issuance of the Senior Debt and the application of proceeds of the Senior Debt in accordance with the provisions of the Finance Documents shall not be, an "investment company" required to be registered under the Investment Company Act of 1940.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)*Margin Stock*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)No part of the proceeds of any Advance shall be used for the purpose of buying or carrying any Margin Stock or to extend credit to others for such purpose; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)in respect of each Obligor, it is not engaged in the business of extending credit for the purpose of purchasing or carrying Margin Stock, and no proceeds of any Senior Debt shall be used for any purpose that violates, or would be inconsistent with, Regulations T, U or X of the Federal Reserve Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)*Minimum Insurance*

Except as otherwise approved by the Insurance Advisor, any Minimum Insurances applicable to each of the Obligors are in full force and effect if required to be in effect at such time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)*No Loan Facility Declared Default or Event of Default*

No Unmatured Loan Facility Event of Default, Loan Facility Event of Default or Loan Facility Declared Default has occurred and is Continuing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)*Real Property*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)The Obligors collectively have good, legal and valid real property interests in the applicable portion of the Site pursuant to the Real Property Documents, in each case as is necessary for the Development at the time this representation and warranty is made;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the Obligors do not have any real property interests other than with respect to the Site or except as set forth on Schedule 5.2(m) (*Real Property Interests*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)no action has been commenced or is pending to terminate, restate or replace any Lease; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)to the Knowledge of each Obligor, there is no default or existing condition which with the giving of notice or passage of time or both would cause a default under a Lease, and all rents due under the Leases have been timely paid in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)*Intellectual Property*

The Obligors collectively own or have obtained and hold in full force and effect all material Intellectual Property that is necessary for carrying out the Development except for such items which are not required in light of the applicable stage of Development, and reasonably believe that they shall be able to obtain such items that are not owned or have not been obtained as of the date on which this representation and warranty is made or deemed repeated on or prior to the relevant stage of Development, *provided* that, any such items shall not contain any material condition or material requirement that they do not expect to be able to satisfy without cost that could reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)*Anti-Corruption Laws*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)None of the Obligors, or any of their Affiliates, nor, to the Knowledge of any of these entities, the Sponsor or any of its Affiliates, any of their respective directors, officers, agents, employees or other persons acting on behalf of them, is aware of or has taken any action, directly or indirectly, that would result in a violation by such entity of the Applicable Anti-Corruption Laws, Anti-Terrorism and Money Laundering Laws or Sanctions applicable to such Person; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the Obligors have instituted and maintain policies and procedures reasonably designed to ensure compliance therewith in all material respects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)*Collateral*

The Collateral is subject to the perfected first priority Lien (subject only to Permitted Liens) established pursuant to the Security Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)*No Material Adverse Effect.*

Since December 31, 2024, no event, circumstance or change has occurred (other than matters of a general economic nature) that has caused or evidenced, or could reasonably be expected to result in, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)*Accounts*

Other than Authorized Investments held in accordance with the Common Security and Account Agreement, in respect of each Obligor, it does not

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have, and is not the beneficiary of, any bank account other than the Local Accounts, the Accounts and the Excluded Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s)*Material Project Agreements*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Each of the Material Project Agreements to which any Obligor is a party is in full force and effect to the Obligors' Knowledge, and none of such Material Project Agreements has been terminated or otherwise amended, modified, supplemented, transferred, impaired or, to the Obligors' Knowledge, assigned, except as permitted by the terms of the Finance Documents; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)(A) no material default or event of default of any Obligor or, (B) to the Knowledge of each Obligor, no default or event of default of any counterparty, in each case have occurred and are continuing under any Material Project Agreement (except in the case of clause (B), to the extent such default or event of default of any such counterparty could not reasonably be expected to have a Material Adverse Effect).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t)*In-Construction Sufficiency Condition*

The Borrower is in compliance with the In-Construction Sufficiency Condition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u)*Equity Interests and Ownership*

The Equity Interests of each Obligor have been duly authorized and validly issued. There is no existing option, warrant, call, right, commitment or other agreement to which any Obligor is a party requiring, and there is no membership interest or other Equity Interests of Obligor outstanding which upon conversion or exchange would require, the issuance by any Obligor of any additional membership interests or other Equity Interests of any Obligor or other securities convertible into, exchangeable for or evidencing the right to subscribe for or purchase, a membership interest or other Equity Interests of any Obligor. The Obligors do not own any Equity Interests in any Person (except, with respect to the Borrower, following the formation thereof in accordance with Section 7.5 (*External Expansions*), CFCo).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)*Environmental Claims; Permit Notices*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Except as set forth in Schedule G (*Disclosure Schedule*) hereto, there is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)no Environmental Claim now pending or, to the Knowledge of each Obligor, threatened against it or the Project Facilities, or expressly with respect to its Permits or the Development, that in each case could reasonably be expected to have a Material Adverse Effect; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)no existing default by it under any applicable order, writ, injunction or decree of any Governmental Authority or arbitral tribunal with respect to Environmental Claims that could reasonably be expected to have a Material Adverse Effect; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)In respect of each Obligor, it has not received any notice from any Governmental Authority asserting that any information set forth in any application submitted by or on behalf of it in connection with any material Permit that has been obtained as of the date this representation is made or deemed repeated was inaccurate or incomplete at the time of submission that could reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w)*Tax Status*

In respect of each Obligor, it is a limited liability company that is treated as a partnership for U.S. federal income tax purposes or an entity disregarded for U.S. federal income tax purposes as separate from its owner and not an association taxable as a corporation, and neither the execution or delivery of any Transaction Document nor the consummation of any of the transactions contemplated thereby shall affect such status.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)*Easements; Utilities; Services*

All easements, leasehold and other real property interests, and all utility and other services, means of transportation, facilities, other materials and other related rights, that are necessary for the operation and maintenance of the Project Facilities, as currently conducted (and in light of the current status of Development), in accordance in all material respects with all applicable Government Rules and the Transaction Documents (including, to the extent applicable, gas, electrical, water and sewage services and facilities) are available to the applicable Obligor or, if not then available, are reasonably expected to be available to the applicable Obligor as and when needed for the operation and maintenance of the Project Facilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y)*Development*

No other material contracts are necessary for the development of the Project Phase 1 Development and the Project Phase 2 Development at their respective current stages of development other than the Material Project Agreements in effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z)*Affected Financial Institutions*

As of the Upsize Closing Date, no Obligor is an Affected Financial Institution.

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**6. INCURRENCE OF ADDITIONAL SENIOR DEBT**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.1Permitted Senior Debt**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Borrower may from time to time enter into agreements to incur, and may incur, Senior Debt Obligations in addition to the Upsized Senior Debt Obligations that, for so long as the Common Terms Agreement remains in effect in accordance with its terms, consist only of Working Capital Debt, Replacement Debt, Permitted Approved Expansion Debt, Permitted Relevering Debt, Permitted Completion Senior Debt, PDE Senior Debt and/or Restoration Debt (and shall satisfy the requirements of this Article 6 (*Incurrence of Additional Senior Debt*) applicable to such category of Senior Debt).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Each Senior Creditor Group Representative (on behalf of the Senior Creditors providing Additional Senior Debt) must accede to the Common Security and Account Agreement pursuant to, and in accordance with, the conditions set forth in Section 2.7 (*Accession of Senior Creditor Group Representatives*) of the Common Security and Account Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Incurrence of Additional Senior Debt under one Section of this Article 6 (*Incurrence of Additional Senior Debt*) shall not preclude the incurrence of Additional Senior Debt under any other Section of this Article 6 (*Incurrence of Additional Senior Debt*), and the failure of the proposed Additional Senior Debt to meet the requirements of one Section of this Article 6 (*Incurrence of Additional Senior Debt*) shall not preclude the incurrence of such Additional Senior Debt if permitted under other Sections of this Article 6 (*Incurrence of Additional Senior Debt*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Additional Senior Debt under this Article 6 (*Incurrence of Additional Senior Debt*) may be incurred under this Agreement and/or any other Senior Debt Instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.2Working Capital Debt**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Borrower may incur senior secured, subordinate or unsecured Indebtedness (which, if secured on a *pari passu* basis, shall constitute Senior Debt) not exceeding an amount outstanding at any one time equal to the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)an aggregate principal amount not to exceed the amount of the Working Capital Facility as of the Upsize Closing Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)$500,000,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)in each case outstanding in the aggregate at any one time under one or more working capital and/or letter of credit facilities (including the Working Capital Facility) (collectively, the "*Working Capital Debt*") (u) to satisfy the Obligors' obligations related to purchases of natural gas and any costs and expenses related to the supply or transport of natural gas by the Obligors (including for testing or operations) including credit support (and mark to market) obligations in connection therewith, (w) to fund

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reserve requirements, (x) the payment of transaction fees and expenses, (y) working capital purposes and (z) other general corporate purposes (subject, in the case of this clause (z), to a cap of $500,000,000), as the case may be, so long as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)(I) &nbsp;&nbsp;&nbsp;&nbsp;the all-in yield (whether in the form of interest rate margins, original issue discount ("*OID*") or upfront fees) applicable to any additional Working Capital Facility will not be more than 0.25% higher than the corresponding all-in yield (giving effect to interest rate margins, OID, upfront fees and interest rate floors) for the then-existing Working Capital Facility unless the interest rate margins with respect to such then-existing Working Capital Facility are increased by an amount equal to the difference between the all-in yield with respect to the additional Working Capital Facility and the corresponding all-in yield on the then-existing Working Capital Facility; *provided further* that, in determining the all-in yield applicable to the foregoing (x) customary arrangement, underwriting, amendment or commitment fees payable to one or more arrangers shall be excluded, (y) OID and upfront fees paid to the lenders shall be included (with OID and upfront fees being equated to interest based on assumed four-year life to maturity or, if shorter, the actual weighted average life to maturity), and (z) if the new Working Capital Facility includes an interest rate floor greater than the applicable interest rate floor under the then-existing Working Capital Facility, such differential between interest rate floors shall be equated to an increase in the applicable interest rate margin with respect to such Working Capital Facilities for purposes of determining whether an increase to the interest rate margin under the existing Working Capital Facility shall be required, but only to the extent an increase in the interest rate floor in the existing Working Capital Facility would cause an increase in the interest rate then in effect thereunder, and in such case the interest rate floor (but not the interest rate margin) applicable to the existing Working Capital Facility shall be increased to the extent of such differential between interest rate floors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)(II) &nbsp;&nbsp;&nbsp;&nbsp;the Borrower certifies that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)no Event of Default or Unmatured Event of Default:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)has occurred and is Continuing; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)could reasonably be expected to occur after giving effect to the incurrence of the Working Capital Debt;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)any Senior Debt Instrument governing the Working Capital Debt shall require the Borrower to reduce the principal amount relating to any revolving Loans thereunder to $0 for a period of at least five (5) consecutive Business Days at least once per calendar year; *provided* that, this requirement shall not apply to letters of credit outstanding or Loans outstanding as a result of a draw under a letter of credit; *provided further* that amounts may not be borrowed under any one Facility Agreement for Working Capital Debt in order to meet this requirement under any other Facility Agreement for Working Capital Debt (it being acknowledged and agreed that the foregoing shall not limit the utilization by the Borrower of other Indebtedness that is permitted to be incurred pursuant to Section 12.14 (*Limitation on Indebtedness*) for such purposes to the extent the terms and conditions of such Indebtedness permit such utilization); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)(III)&nbsp;&nbsp;&nbsp;&nbsp;the Intercreditor Agent has received, at least three Business Days before the incurrence of any such Working Capital Debt, a certificate from the Borrower that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)identifies each Senior Creditor Group Representative for, and each holder of, any such Working Capital Debt; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)attaches a copy of each proposed Senior Debt Instrument relating to any such Working Capital Debt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Any provider of Working Capital Debt (or a Senior Creditor Group Representative on its behalf) that is secured shall accede as a Senior Creditor to the Common Security and Account Agreement, the Intercreditor Agreement and this Agreement, and shall share *pari passu* in the Collateral.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)For the avoidance of doubt, Working Capital Debt shall not be used to make Restricted Payments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.3Replacement Debt**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)At any time and from time to time, the Borrower may incur additional senior secured, subordinate or unsecured Indebtedness (which, if secured on a *pari passu* basis, shall constitute Senior Debt) or enter into agreements with Persons who commit to provide Indebtedness in order to prepay or repay Senior Debt and/or replace all or part of the Facility Debt Commitments under one or more Loans ("*Replacement Debt*"), as the case may be, so long as and provided that the Borrower certifies that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Replacement Debt, taken as a whole:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)has a weighted average life no less than the then-remaining weighted average life of that of the Senior Debt or the

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Facility Debt Commitments being prepaid or replaced, taken as a whole;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)has a Final Maturity Date no earlier than the Senior Debt or the Facility Debt Commitments being prepaid or replaced; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)may not be voluntarily prepaid or redeemed prior to having repaid the then-outstanding Term Loans in full and having cancelled all outstanding Term Loan Commitments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the Replacement Debt is incurred solely for the permitted prepayment, in whole or in part, of existing Senior Debt (and provisions, costs, prepayment premiums, fees or expenses associated with the Replacement Debt or the prepaid Senior Debt, as applicable (including, without duplication, (A) any Hedging Termination Amount with respect to any Permitted Hedging Instrument subject to the refinancing with the proposed Replacement Debt; (B) any amounts required to be deposited in a debt service reserve or similar reserve (or any interest during construction) account in connection with the issuance of such Replacement Debt; (C) upfront fees and/or original issue discount on, and transaction expenses relating to, such Replacement Debt and (D) any incremental carrying costs of such Replacement Debt (including any increased interest during construction) associated with any such cancellation, prepayment or redemption, or incurred in connection with the proposed Replacement Debt)) or the permitted replacement of existing unutilized commitments of a Senior Creditor Group (or, within a Senior Creditor Group, of any Facility Lender);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the aggregate principal amount of Replacement Debt incurred or committed and then available does not exceed the aggregate amount of the Senior Debt or the Facility Debt Commitments being prepaid or replaced, together with any premiums, costs, fees or expenses associated with the Replacement Debt (including those described in sub-clause (ii) above and clause (b) below);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)the Borrower will have demonstrated by delivery of an updated Base Case Forecast (prepared in accordance with the Base Case Sizing Criteria) that the incurrence of the Replacement Debt shall not result in a Fixed Projected DSCR of less than the Sizing Case DSCR commencing on the first CTA Payment Date following such prepayment (but in all cases, after the First Tranche 1 Repayment Date) for each twelve (12) month period thereafter (including any stub period) through the Qualifying Term of the Qualifying LNG SPAs then in effect (with such ratio being calculated on a *pro forma* basis giving effect to the incurrence of the Replacement Debt and the prepayment or repayment of the existing Senior Debt or cancellation of the Facility Debt Commitments);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)the Replacement Debt (A) is ranked *pari passu* and is treated *pro rata* in all respects with Senior Debt, and does not benefit from any security or guarantee from the Collateral Parties that is in addition

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to any security or guarantee from such Persons provided in respect of any then-outstanding Senior Debt (including any Senior Debt Commitments thereunder) unless such security or guarantee is provided for the equal and ratable benefit of each Senior Creditor or (B) is subordinated or unsecured;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)the Replacement Debt does not benefit from any material covenants or terms (excluding pricing or optional prepayment or redemption terms) that are materially more restrictive on the Obligors than those included in this Agreement unless such covenants or terms are provided for the benefit of all Facility Lenders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)simultaneously with the incurrence of any Replacement Debt that occurs on or after the date by which the Borrower is required to fund the Senior Facilities Debt Service Reserve Account in accordance with Section 4.5(i) (*Deposits and Withdrawals – Senior Facilities Debt Service Reserve Account*) of the Common Security and Account Agreement, the Borrower shall use a portion of the proceeds of such Replacement Debt to fund any increase in the then-applicable Senior Facilities Debt Service Reserve Amount or, if such Replacement Debt does not constitute Facility Debt Obligations, fund any Additional Debt Service Reserve Account opened by the Borrower in accordance with the Common Security and Account Agreement that was established for such Replacement Debt in an amount as required by such Replacement Debt; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)the Intercreditor Agent has received (A) at least three Business Days prior to the incurrence of such Replacement Debt, (1) a notice describing the then-anticipated principal terms and conditions of the proposed Replacement Debt (other than, in the case of Replacement Debt comprised of Senior Notes, the pricing and amortization schedule of such Senior Notes, which shall be provided when they become available) and (2) the substantially agreed forms of the finance documents relating to any proposed Replacement Debt (other than in the case of Replacement Debt comprised of Senior Notes) and (B) on the date of the incurrence of such Replacement Debt, (1) an updated notice describing the final principal terms and conditions of the Replacement Debt (including, in the case of Replacement Debt comprised of Senior Notes, the pricing and amortization schedule of such Senior Notes), (2) copies of the executed finance documents relating to the Replacement Debt and (3) an officer's certificate of the Obligors certifying to the matters set forth in clauses (i) through (vii) above;

*provided* that, in each case, no Loan Facility Event of Default or Unmatured Loan Facility Event of Default has occurred and is Continuing or could reasonably be expected to occur after giving effect to the incurrence of the Replacement Debt. Any provider of Replacement Debt (or a Senior Creditor Group Representative on its behalf) shall accede as a Senior Creditor to the Common Security and Account Agreement and, if a

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Facility Lender, the Intercreditor Agreement and this Agreement, and shall share *pari passu* or on a junior basis in the Collateral or on an unsecured basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Within 30 days after the first Advance of any Replacement Debt, the Borrower shall pay, from the proceeds of the Replacement Debt or other cash flow available for such purpose, any Funding Losses and/or other amounts required to be paid in accordance with Section 3.6 (*Prepayment Fees and Funding Losses*) and the applicable Facility Agreement with respect to the Facility Debt Commitments being replaced.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.4[Reserved]**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.5Permitted Approved Expansion Debt**

The Borrower may incur senior secured, subordinate or unsecured Indebtedness (which, if secured on a *pari passu* basis, shall constitute Senior Debt) or enter into agreements with Persons who commit to provide Indebtedness in connection with any Permitted Approved Expansion ("*Permitted Approved Expansion Debt*"), subject to the satisfaction or waiver (unless as otherwise noted below) of each of the following, and no other, conditions (the "*Permitted Approved Expansion Debt Conditions*"): 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Permitted Approved Expansion Debt (A) is ranked *pari passu* and is treated *pro rata* in all respects with Senior Debt, and does not benefit from any security or guarantee from the Collateral Parties that is in addition to any security or guarantee from such Persons provided in respect of any then-outstanding Senior Debt (including any Senior Debt Commitments thereunder) unless such security or guarantee is provided for the equal and ratable benefit of each Senior Creditor or (B) is subordinated or unsecured;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the net cash proceeds of the Permitted Approved Expansion Debt are used solely (i) to pay Project Costs in connection with the Project Phase 1 Development, Project Phase 2 Development, Project Phase 3A Development, Project Phase 3B Development or any Permitted Internal Expansion and/or (ii) for working capital and reserve needs in respect of the Project Phase 1 Development, Project Phase 2 Development, Project Phase 3A Development, Project Phase 3B Development or any Permitted Internal Expansion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)there shall be binding arrangements (where applicable) in respect of an equity commitment (and related backstop in the form of Acceptable Credit Support) and funding of such equity commitment, either through cash, assumed commissioning cargo proceeds or, subject to the In-Construction Sufficiency Condition (determined in a manner consistent with clause (o) below), Assumed Post-COD P1 SPA Profits and any similar profits from the Phase 2 LNG Facility, the Phase 3A LNG Facility, the Phase 3B LNG Facility or any Permitted Internal Expansion (in each case, applied in a manner consistent with clause (o) below), in such amount required to maintain a Senior Debt/Equity Ratio of no greater than 75:25;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)the Borrower shall have demonstrated by delivery of an updated Base Case Forecast (prepared in accordance with the Base Case Sizing Criteria) that the incurrence of the Permitted Approved Expansion Debt shall not result in a Fixed Projected DSCR (including, for the avoidance of doubt, any LNG SPAs that are Qualifying LNG SPAs relating to such Permitted Approved Expansion) of less than the Sizing Case DSCR commencing on (i) with respect to the Phase 1 LNG Facility, the First Tranche 1 Repayment Date, (ii) with respect to the Phase 2 LNG Facility, the First Tranche 2 Repayment Date, and (iii) with respect to such Permitted Approved Expansion, the first Payment Date occurring after the date for the achievement of the "project completion date" in respect of such Permitted Approved Expansion, in each case, for each 12 month period thereafter (including any stub period) through the Maturity Date, based on Cash Flow Available for Debt Service from the fixed liquefaction fee under the Qualifying LNG SPAs for the Project that are then in full force and effect (including, for the avoidance of doubt, any additional LNGs SPAs with respect to such Permitted Approved Expansion that would qualify as Qualifying LNG SPAs following the Phase 3A FID, the Phase 3B FID, or the applicable Permitted Internal Expansion FID Conditions Satisfaction Date, as applicable) and on a 20-year amortization profile (commencing on (A) with respect to the Phase 1 LNG Facility, the First Tranche 1 Repayment Date, (B) with respect to the Phase 2 LNG Facility, the First Tranche 2 Repayment Date, and (C) with respect to such Permitted Approved Expansion, the first Payment Date occurring after the date for the achievement of the "project completion date" in respect of such Permitted Approved Expansion), assuming, in each case, no lifting and no merchant sales;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)no Event of Default or Unmatured Event of Default (i) has occurred and is Continuing or (ii) could reasonably be expected to occur after giving effect to the incurrence of such Permitted Approved Expansion Debt;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)each of the Repeated Representations of the Obligors is true and correct in all material respects, except for those representations and warranties that are qualified by materiality or Material Adverse Effect, which shall be true and correct in all respects, as to such Obligor immediately after giving effect to the incurrence of such Permitted Approved Expansion Debt (or, if stated to have been made solely as of an earlier date, as of such earlier date);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)the Permitted Approved Expansion Debt has a weighted average life no less than the then-remaining weighted average life of that of the Senior Debt or the Facility Debt Commitments following the incurrence of the Permitted Approved Expansion Debt;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)such Permitted Approved Expansion Debt has a maturity date of no earlier than the Maturity Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)if secured, the Senior Creditor Group Representative (on behalf of the Senior Creditors providing such Permitted Approved Expansion Debt) shall have acceded to (A) the Common Security and Account Agreement pursuant to, and in accordance with, the conditions set forth in Section 2.7 (*Accession of Senior Creditor Group Representatives*) of the Common Security and Account Agreement and (B) if such Senior Creditors are

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Facility Lenders, the Intercreditor Agreement pursuant to and in accordance with, the conditions set forth in Section 7.6(c) (*Successors and Assigns*) of the Intercreditor Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)receipt by the Intercreditor Agent of a true, complete and correct copy, in a customary form and not subject to approval or consent by the Intercreditor Agent, of a certificate of the Borrower certifying that all material Permits necessary for such Permitted Approved Expansion, including the authorizations under Section 3 of the Natural Gas Act issued by (i) FERC for the siting, construction and operation of the proposed facilities and (ii) the DOE for the export of natural gas both to nations with which the US has free trade agreements for natural gas trade and to other nations with which trade is not prohibited by US law or policy, have been duly obtained, were validly issued, are in full force and effect, satisfy the Permit Appeal Qualification, or (apart from the authorizations under Section 3 of the Natural Gas Act referred to in this clause (j)) are reasonably anticipated to be obtained when required;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)in the event that any assets or material contracts related to such Permitted Approved Expansion being developed with the proceeds of such Permitted Approved Expansion Debt are not part of the Collateral, the Borrower shall have delivered (or procured that the Obligors deliver) such additional agreements and supplements to the Security Documents, as are necessary or advisable in order to subject such assets or contracts to the Security Interests, at the time such Permitted Approved Expansion Debt is incurred (subject to exclusions for Excluded Assets, as set forth in the Common Security and Account Agreement);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)the Senior Debt/Equity Ratio, immediately after giving effect to any incurrence of such Permitted Approved Expansion Debt, is no greater than 75:25, as certified by the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)the Intercreditor Agent has received (i) at least three Business Days prior to the incurrence of such Permitted Approved Expansion Debt, (A) a notice describing the then-anticipated principal terms and conditions of the proposed Permitted Approved Expansion Debt (other than, in the case of Permitted Approved Expansion Debt comprised of Senior Notes, the pricing and amortization schedule of such Senior Notes, which shall be provided when they become available) and (B) the substantially agreed forms of the finance documents relating to any proposed Permitted Approved Expansion Debt (other than in the case of Permitted Approved Expansion Debt comprised of Senior Notes), and (ii) on the date of the incurrence of such Permitted Approved Expansion Debt, (A) an updated notice describing the final principal terms and conditions of such Permitted Approved Expansion Debt (including, in the case of Permitted Approved Expansion Debt comprised of Senior Notes, the pricing and amortization schedule of such Senior Notes), (B) copies of the executed finance documents relating to such Permitted Approved Expansion Debt and (C) an officer's certificate of the Obligors certifying to the matters set forth in clauses (a) through (k) above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)the Facility Lenders holding a majority of the Loans and commitments in respect of the Senior Debt have consented to the incurrence of such Permitted Approved Expansion Debt; provided that, in the event any

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Facility Lender shall fail to respond to a request for such consent within thirty (30) Business Days of such request, such Facility Lender shall be deemed to have provided its consent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)the In-Construction Sufficiency Condition shall be satisfied (if (x) Phase 3A FID has occurred or is being taken in connection with the incurrence of the Permitted Approved Expansion Debt, as though item (a)(iv) of the definition thereof includes profits similar to the Assumed Post-COD P1 SPA Profits from the Phase 2 LNG Facility (which shall be applied first to the Project Phase 3A Development) and satisfaction of such condition includes the then-current remaining Project Costs for the Project to achieve the Project Phase 3A Completion Date on or prior to the date certain established in respect of the Phase 3A LNG Facility, (y) Phase 3B FID has occurred or is being taken in connection with the incurrence of the Permitted Approved Expansion Debt, as though item (a)(iv) of the definition thereof includes profits similar to the Assumed Post-COD P1 SPA Profits from the Phase 2 LNG Facility (which shall be applied first to the Project Phase 3A Development) and profits similar to the Assumed Post-COD P1 SPA Profits from the Phase 3A LNG Facility (which shall be applied first to the Project Phase 3B Development) and satisfaction of such condition includes the then-current remaining Project Costs for the Project to achieve the Project Phase 3A Completion Date on or prior to the date certain established in respect of the Phase 3A LNG Facility and the Project Phase 3B Completion Date on or prior to the date certain established in respect of the Phase 3B LNG Facility and (z) any Permitted Internal Expansion FID has occurred or is being taken in connection with the incurrence of the Permitted Approved Expansion Debt, as though item (a)(iv) of the definition thereof includes profits similar to the Assumed Post-COD P1 SPA Profits from the Phase 2 LNG Facility (which shall be applied first to the Project Phase 3A Development), profits similar to the Assumed Post-COD P1 SPA Profits from the Phase 3A LNG Facility (which shall be applied first to the Project Phase 3B Development) and profits similar to the Assumed Post-COD P1 SPA Profits from the Phase 3B LNG Facility (which shall be applied first to any subsequent Permitted Internal Expansion) and satisfaction of such condition includes the then-current remaining Project Costs for the Project to achieve the Project Phase 3A Completion Date on or prior to the date certain established in respect of the Phase 3A LNG Facility, the Project Phase 3B Completion Date on or prior to the date certain established in respect of the Phase 3B LNG Facility and "project completion date" in respect of such Permitted Internal Expansion on or prior to the date certain established in respect thereof);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)no actual LNG SPA Prepayment Event or Unmatured LNG SPA Prepayment Event (i)&nbsp;&nbsp;&nbsp;&nbsp;has occurred and is Continuing or (ii) could reasonably be expected to occur after giving effect to incurrence of such Permitted Approved Expansion Debt;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)if applicable, the Intercreditor Agent shall have received a Direct Agreement in respect of any Subsequent Material Project Agreement to the extent required pursuant to Section 3.4 (*Direct Agreements*) of the Common Security and Account Agreement;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)receipt by the Intercreditor Agent of true, complete and correct copies of the following documents, in each case, taking into account such Permitted Approved Expansion and, in each case, in a customary form and not subject to approval or consent by the Intercreditor Agent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)a certificate of the Borrower attaching an updated Construction Budget and Schedule, certifying that (A) such budget and schedule is the best reasonable estimate of the information set forth therein as of the date of such certificate; and (B) such budget and schedule is consistent with the requirements of the Transaction Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)a certificate of the Borrower attaching an updated Base Case Forecast meeting the requirements specified in clause (d) above and certifying that the projections in the updated Base Case Forecast were made in good faith; and (B) the assumptions on the basis of which such projections were made were believed by the Borrower (when made and delivered) to be reasonable and consistent with the updated Construction Budget and Schedule and the Transaction Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)a certificate of the Borrower (A) setting forth a description, in reasonable detail, of the proposed Permitted Approved Expansion, the scheduled date for commencement and the proposed date for completion of such Permitted Approved Expansion, (B) certifying that all insurance necessary for such Permitted Approved Expansion has either been obtained or is reasonably anticipated to be obtained when needed and (C) certifying that the other conditions set forth in the definition of "Permitted Approved Expansion Debt Conditions" have been satisfied or waived;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)a certification by the Independent Engineer that the Permitted Approved Expansion could not reasonably be expected to have a material adverse impact on the construction, operation or maintenance of the Development (as in effect prior to giving effect to the Permitted Approved Expansion);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)a due diligence report of the Independent Engineer reviewing (A) the technical and economic feasibility of such Permitted Approved Expansion and the environmental compliance and environmental risks relating to such Permitted Approved Expansion; (B) the reasonableness and consistency of the updated Construction Budget and Schedule (and concurring with the Borrower's certification in sub-clause (i) above), the relevant construction contract and the assumptions related to the costs and operating performance of such Permitted Approved Expansion; and (C) the reasonableness of the assumptions underlying the updated Base Case Forecast with respect to assumptions that are within the scope of the Independent Engineer's role under relevant construction contracts and the Common Terms Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)an updated final due diligence report of the Market Consultant with respect to such Permitted Approved Expansion;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s)receipt by the Intercreditor Agent of evidence that the sum of (A) committed Permitted Approved Expansion Debt plus (B) the equity arrangements contemplated by clause (c) above plus (C) any Retained Excess Cash Flow (including any assumed commissioning cargo proceeds with respect to such Permitted Approved Expansion during the commissioning period for such Permitted Approved Expansion and, subject to the In-Construction Sufficiency Condition as though satisfaction of such condition includes the then-current remaining Project Costs for the Project to achieve the Project Phase 3A Completion Date (with respect to the Phase 3A LNG Facility, if Phase 3A FID has occurred) and the Project Phase 3B Completion Date (with respect to the Phase 3B LNG Facility, if Phase 3B FID has occurred), Assumed Post-COD P1 SPA Profits (after application to the Project Phase 2 Development) (or any similar profits from the Phase 2 LNG Facility (after application to the Project Phase 3A Development), the Phase 3A LNG Facility (after application to the Project Phase 3B Development), the Phase 3B LNG Facility (after application to any subsequent Permitted Internal Expansion) or any Permitted Internal Expansion reasonably anticipated by the Borrower to be received prior to the completion of the applicable phase or expansion), in each case, accepted by the lenders under such Permitted Approved Expansion Debt) shall, in the aggregate, be sufficient to achieve the "project completion date" in respect of such Permitted Approved Expansion by any required date for the achievement of the "project completion date" in respect of such Permitted Approved Expansion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t)confirmation of the Independent Engineer as to the matters in clause (s) above; *provided* that, with respect to sub-clauses (s)(B) and (s)(C), such matters shall be confirmed by the Independent Engineer as reasonable and consistent with the underlying assumptions in the "conservative case" used to determine the Minimum Assumed Commissioning Cargo Proceeds; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u)receipt by the Intercreditor Agent of the legal opinions set forth in Schedule C - 3 (*Table of Requirements for Legal Opinions – Conditions to Permitted Internal Expansion*) of the Common Terms Agreement and in accordance with the requirements therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.6Supplemental Debt**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Borrower may incur senior secured, subordinate or unsecured Indebtedness (which, if secured on a *pari passu* basis, shall constitute Senior Debt) or enter into agreements with Persons who commit to provide additional Indebtedness ("*Supplemental Debt*"), so long as and provided that the Borrower certifies that such Supplemental Debt meets all of the conditions set forth in any one of sub-clause (i) (*Permitted Relevering Debt*) (such Supplemental Debt, "*Permitted Relevering Debt*"), sub-clause (ii) (*Permitted Completion Senior Debt*) (such Supplemental Debt, "*Permitted Completion Senior Debt*"), sub-clause (iii) (*PDE Senior Debt*) (such Supplemental Debt, "*PDE Senior Debt*") or sub-clause (iv) (*Restoration Debt*) (such Supplemental Debt, "*Restoration Debt*") below (with the incurrence of such Senior Debt under one such clause not being preclusive of the later permitted incurrence of such Senior Debt under the same or other such clauses assuming compliance with sub-clauses (i) through (iv), as applicable);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)*Permitted Relevering Debt*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Such Permitted Relevering Debt:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)is incurred at any time on or after the Project Phase 1 Completion Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)(I) is ranked *pari passu* and is treated pro rata in all respects with Senior Debt, and does not benefit from any security or guarantee from the Collateral Parties that is in addition to any security or guarantee from such Persons provided in respect of any then-outstanding Senior Debt (including Senior Debt Commitments thereunder) unless such security or guarantee is provided for the equal and ratable benefit of each Senior Creditor or (II) is subordinated or unsecured;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)the Borrower shall have demonstrated by delivery of an updated Base Case Forecast (prepared in accordance with the Base Case Sizing Criteria) that the incurrence of such Supplemental Debt, shall not result in a Fixed Projected DSCR of less than the Sizing Case DSCR commencing on (x) with respect to the Phase 1 LNG Facility, the First Tranche 1 Repayment Date, and (y) with respect to the Phase 2 LNG Facility, the First Tranche 2 Repayment Date, in each case, for each 12 month period thereafter (including any stub period) through the Maturity Date, based on Cash Flow Available for Debt Service from the fixed liquefaction fee under the Qualifying LNG SPAs for the Project that are then in full force and effect and on a 20-year amortization profile (measured commencing on (1) with respect to the Phase 1 LNG Facility, the First Tranche 1 Repayment Date, and (2) with respect to the Phase 2 LNG Facility, the First Tranche 2 Repayment Date);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)the Senior Debt/Equity Ratio, immediately after giving effect to any incurrence of such Supplemental Debt, is no greater than 75:25;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E)no Event of Default or Unmatured Event of Default (I) has occurred and is Continuing or (II) could reasonably be expected to occur after giving effect to the incurrence of such Supplemental Debt;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(F)each of the Repeated Representations of the Obligors is true and correct in all material respects, except for representations and warranties that are qualified by

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materiality or Material Adverse Effect, which shall be true and correct in all respects, as to such Obligor immediately after giving effect to such Supplemental Debt (or, if stated to have been made solely as of an earlier date, as of such earlier date);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(G)such Supplemental Debt has a weighted average life no less than the then-remaining weighted average life of that of the Senior Debt or the Facility Debt Commitments following the incurrence of the Supplemental Debt; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(H)such Supplemental Debt has a maturity date of no earlier than the Maturity Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I)solely to the extent such Permitted Relevering Debt is incurred in connection with the initial Senior Debt funding in relation to the Project Phase 3A Development, Project Phase 3B Development or any Permitted Internal Expansion, the Facility Lenders holding a majority of the Loans and commitments in respect of the Senior Debt have consented to the incurrence of such Permitted Relevering Debt; *provided* that, in the event any Facility Lender shall fail to respond to a request for such consent within thirty (30) Business Days of such request, such Facility Lender shall be deemed to have provided its consent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)*Permitted Completion Senior Debt*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Such Permitted Completion Senior Debt:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)is incurred prior to the Project Phase 2 Completion Date (or if the Phase 3A FID has occurred, the Project Phase 3A Completion Date, if the Phase 3B FID has occurred, the Project Phase 3B Completion Date, or if any Permitted Internal Expansion FID has occurred, the date for the achievement of the "project completion date" in respect of such Permitted Internal Expansion);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)the net cash proceeds of such Permitted Completion Senior Debt are used solely to pay (x) Project Costs and (y) transaction expenses associated with the incurrence of such Permitted Completion Senior Debt;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)(I) is ranked *pari passu* and is treated pro rata in all respects with Senior Debt, and does not benefit from any security or guarantee from the Collateral Parties that is in addition to

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any security or guarantee from such Persons provided in respect of any then-outstanding Senior Debt (including Senior Debt Commitments thereunder) unless such security or guarantee is provided for the equal and ratable benefit of each Senior Creditor or (II) is subordinated or unsecured;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)the Borrower shall have demonstrated by delivery of an updated Base Case Forecast (prepared in accordance with the Base Case Sizing Criteria) that the incurrence of such Supplemental Debt, shall not result in a Fixed Projected DSCR of less than the Sizing Case DSCR commencing on (x) with respect to the Phase 1 LNG Facility, the First Tranche 1 Repayment Date and (y) with respect to the Phase 2 LNG Facility, the First Tranche 2 Repayment Date, in each case, for each 12 month period thereafter (including any stub period) through the Maturity Date, based on Cash Flow Available for Debt Service from the fixed liquefaction fee under the Qualifying LNG SPAs for the Project that are then in full force and effect and on a 20-year amortization profile (commencing on (1) with respect to the Phase 1 LNG Facility, the First Tranche 1 Repayment Date and (2) with respect to the Phase 2 LNG Facility, the First Tranche 2 Repayment Date);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E)the Senior Debt/Equity Ratio, immediately after giving effect to any incurrence of such Supplemental Debt, is no greater than 75:25;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(F)no Event of Default or Unmatured Event of Default (I) has occurred and is Continuing or (II) could reasonably be expected to occur after giving effect to the incurrence of such Supplemental Debt;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(G)each of the Repeated Representations of the Obligors is true and correct in all material respects, except for representations and warranties that are qualified by materiality or Material Adverse Effect, which shall be true and correct in all respects, as to such Obligor immediately after giving effect to such Supplemental Debt (or, if stated to have been made solely as of an earlier date, as of such earlier date);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(H)such Supplemental Debt has a weighted average life no less than the then-remaining weighted average life of that of the Senior Debt or the Facility Debt Commitments following the incurrence of the Supplemental Debt;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I)such Supplemental Debt has a maturity date of no earlier than the Maturity Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(J)solely to the extent such Permitted Completion Senior Debt is incurred in connection with the Project Phase 3A Development, the Project Phase 3B Development or any Permitted Internal Expansion, the Facility Lenders holding a majority of the Loans and commitments in respect of the Senior Debt have consented to the incurrence of such Permitted Completion Senior Debt; *provided* that, in the event any Facility Lender shall fail to respond to a request for such consent within thirty (30) Business Days of such request, such Facility Lender shall be deemed to have provided its consent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)*PDE Senior Debt*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Such PDE Senior Debt:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)may be incurred at any time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)is incurred for the purpose of funding Permitted Development Expenditures;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)any assets or material contracts related to the facilities being developed with the proceeds of such PDE Senior Debt that are not part of the Collateral shall be added to the Collateral;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)(I) is ranked *pari passu* and is treated pro rata in all respects with Senior Debt, and does not benefit from any security or guarantee from the Collateral Parties that is in addition to any security or guarantee from such Persons provided in respect of any then-outstanding Senior Debt (including Senior Debt Commitments thereunder) unless such security or guarantee is provided for the equal and ratable benefit of each Senior Creditor or (II) is subordinated or unsecured;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E)the Borrower shall have demonstrated by delivery of an updated Base Case Forecast (prepared in accordance with the Base Case Sizing Criteria) that (I) the incurrence of such Supplemental Debt, and (II) the use of proceeds of such Supplemental Debt, in each case shall not result in a Fixed Projected DSCR of less than the Sizing Case DSCR commencing on (x) with respect to the Phase 1 LNG Facility, the First Tranche 1 Repayment Date and (y) with

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respect to the Phase 2 LNG Facility, the First Tranche 2 Repayment Date, in each case, for each 12 month period thereafter (including any stub period) through the Maturity Date, based on Cash Flow Available for Debt Service from the fixed liquefaction fee under the Qualifying LNG SPAs for the Project that are then in full force and effect and on a 20-year amortization profile (commencing on (1) with respect to the Phase 1 LNG Facility, the First Tranche 1 Repayment Date and (2) with respect to the Phase 2 LNG Facility, the First Tranche 2 Repayment Date);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(F)the Senior Debt/Equity Ratio, immediately after giving effect to any incurrence of such Supplemental Debt, is no greater than 75:25;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(G)no Event of Default or Unmatured Event of Default (I) has occurred and is Continuing or (II) could reasonably be expected to occur after giving effect to the incurrence of such Supplemental Debt;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(H)each of the Repeated Representations of the Obligors is true and correct in all material respects, except for representations and warranties that are qualified by materiality or Material Adverse Effect, which shall be true and correct in all respects, as to such Obligor immediately after giving effect to such Supplemental Debt (or, if stated to have been made solely as of an earlier date, as of such earlier date);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I)such Supplemental Debt has a weighted average life no less than the then-remaining weighted average life of that of the Senior Debt or the Facility Debt Commitments following the incurrence of the Supplemental Debt; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(J)such Supplemental Debt has a maturity date of no earlier than the Maturity Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)*Restoration Debt*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Such Restoration Debt:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)may be incurred at any time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)not exceeding an amount outstanding at any one time equal to $250 million; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)is incurred for the purpose of financing the restoration of the Project following damage, loss or destruction of all or a material portion of the Project or an Event of Taking, including any permitted refinancing thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Borrower shall deliver to the Intercreditor Agent (i) at least five Business Days prior to the incurrence of such Supplemental Debt, (A) a notice describing the then-anticipated principal terms and conditions of the proposed Supplemental Debt (other than, in the case of Supplemental Debt comprised of Senior Notes, the pricing and amortization schedule of such Senior Notes, which shall be provided when they become available) and (B) the substantially agreed forms of the finance documents relating to any proposed Supplemental Debt (other than in the case of Supplemental Debt comprised of Senior Notes) and (ii) on the date of the incurrence of such Supplemental Debt, (A) an updated notice describing the final principal terms and conditions of the Supplemental Debt (including, in the case of Supplemental Debt comprised of Senior Notes, the pricing and amortization schedule of such Senior Notes), (B) copies of the executed finance documents relating to the Supplemental Debt and (C) an officer's certificate of the Obligors certifying to satisfaction of the applicable conditions set forth in clause (a) above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)To the extent any Supplemental Debt is incurred on a *pari passu* basis, any provider of such Supplemental Debt (or a Senior Creditor Group Representative on its behalf) shall accede as a Senior Creditor to the Common Security and Account Agreement pursuant to, and in accordance with, the conditions set forth in Section 2.7 (*Accession of Senior Creditor Group Representatives*) of the Common Security and Account Agreement and, if a Facility Lender, the Intercreditor Agreement and this Agreement, and shall share *pari passu* in the Collateral pursuant to and in accordance with, the conditions set forth in Section 7.6(c) (*Successors and Assigns*) of the Intercreditor Agreement.

**7. PERMITTED DEVELOPMENT EXPENDITURES/EXPANSIONS** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.1Permitted Development Expenditures**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Obligors shall not make, or provide (following the formation thereof in accordance with Section 7.5 (*External Expansions*)) CFCo with funds to make, any Development Expenditures that do not qualify as Permitted Development Expenditures. Assets or property built or acquired with Development Expenditures shall constitute Collateral except as provided in the Security Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)For the avoidance of doubt, (i) Permitted Development Expenditures may be made prior to the Project Phase 2 Completion Date to the extent permitted under Article 9 (*Material Construction Contracts*) and (ii) Permitted Development Expenditures may also be made in relation to an Expansion to the extent permitted under Section 7.2 (*Expansion Contracts*).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.2Expansion Contracts**

The Obligors shall not enter into a construction contract or contracts with respect to the development of any mixed refrigerant liquefaction blocks, modules and supporting facilities in addition to the Project Facilities (including, prior to the occurrence of the Phase 3A FID, in respect of the Project Phase 3A Development, prior to the occurrence of the Phase 3B FID, in respect of the Project Phase 3B Development, and prior to any Permitted Internal Expansion FID Conditions Satisfaction Date, in respect of such Permitted Internal Expansion) (an "*Expansion*") without the prior consent of the Intercreditor Agent acting at the instruction of the Requisite Intercreditor Parties (not to be unreasonably withheld, conditioned or delayed); *provided* that, without such consent the Obligors may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)conduct front-end engineering, development and design work using Equity Funding not otherwise committed to other expenditures for the Development;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)prepare and submit applications for Permits related to any such Expansion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)undertake pre-construction activities and early works activities associated with an Expansion; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)enter into one or more contracts or agreements that (i) are not Material Project Agreements, so long as either (1) the Obligors do not have any material obligations under such project documents until after Phase 3A FID has occurred (with respect to project documents in respect of the Project Phase 3A Development), Phase 3B FID has occurred (with respect to project documents in respect of the Project Phase 3B Development), or the Permitted Internal Expansion FID Conditions Satisfaction Date (with respect to project documents in respect of any Permitted Internal Expansion) applicable to such Permitted Internal Expansion, in each case, as applicable (*provided* that, in each case, subject to the definition of Subsequent Material Project Agreement, such project documents shall become Material Project Agreements upon the occurrence of Phase 3A FID, Phase 3B FID or Permitted Internal Expansion FID, as applicable), or (2) any material obligations that cannot be suspended by the Obligors under the terms of such project documents are paid (and reserved for in advance) with the amounts set forth in the further proviso below or (ii) are Material Project Agreements relating to Permitted Development Expenditures subject, in each case, to the terms and conditions relating thereto;

*provided further* that, the cost of all obligations and liabilities in respect of any Expansion and the activities described in sub-clauses (a) through (d) above that are undertaken by the Obligors (or in respect of which an Obligor has obligations or liabilities) shall be funded (x) directly by the Sponsor or its Affiliates on behalf of the appliable Obligor, (y) with cash equity funded into the Excess Equity Proceeds Account in accordance with the Common Security and Account Agreement, Insurance Proceeds, any Retained Excess Cash Flow, early cargo revenues, and Assumed Post-COD P1 SPA Profits and any similar profits from

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completed phases in future periods or (z) solely with respect to any such Expansion and activities relating to the Project Phase 3A Development, with the proceeds of Term Loans up to the Phase 3 Loan Proceeds Sublimit *plus*, from and after the date on which the third marine terminal for the Project has received the necessary permits to commence construction, the Third Marine Terminal Allowance Sublimit (*provided* that, such Term Loans up to the Third Marine Terminal Allowance Sublimit may only be used to pay Project Costs in respect of the third marine terminal for the Project, unless otherwise utilized for the Project Costs for the Project Phase 1 Development or the Project Phase 2 Development), in each case, other than any such funds used to satisfy the In-Construction Sufficiency Condition, or without duplication, to fund the Contingency Reserve Requirement, as expressly permitted under the Finance Documents and which use for the contemplated development could not reasonably be expected to have a Material Adverse Effect (the foregoing sources of funding in clauses (x) through (z) above, and subject to the limitations set forth in this proviso, collectively, the "*Expansion Funding Sources*").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.3[Reserved]**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.4Permitted Approved Expansion**

Except as otherwise permitted under Section 7.2 (*Expansion Contracts*), the Obligors shall be permitted to undertake the Project Phase 3A Development, the Project Phase 3B Development and any other Expansion of the Project Facilities (including the addition to the Project Facilities of (1) any other mixed refrigerant liquefaction blocks, trains, modules, pretreatment facilities and supporting facilities (including power facilities) in addition to the Project Phase 1 Development, the Project Phase 2 Development and related storage, transportation, loading, unloading and other facilities and equipment, (2) other facilities for producing, storing, loading or unloading LNG or other products required for or associated with the production of LNG, (3) expansion of existing pipelines or construction of new pipelines, and related infrastructure, (4) other material additions or modifications of then-existing Project Facilities; and (5) compression to, a looping project relating to, or another expansion of, the CP Express Pipeline), in each case, that is in addition to the Development then in operation, under construction or being developed (which for the avoidance of doubt shall not include the Phase 3 LNG Facility) (a "*Permitted Internal Expansion*"), in each case, as long as such activities are funded with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) if the Borrower will incur indebtedness in connection with the Permitted Approved Expansion, the proceeds of such indebtedness, *provided* that, the conditions specified in Section 6.5 (*Permitted Approved Expansion Debt*) have been satisfied or waived; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if the Borrower does not incur indebtedness in connection with the Permitted Approved Expansion,

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w) the proceeds of cash flows available in the Revenue Account at the *seventh* level of the cash waterfall in Section 4.7 (*Cash Waterfall*) of the Common Security and Account Agreement,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) voluntary equity contributions (including (A) assumed commissioning cargo proceeds related to the Project Phase 3A Development, the Project Phase 3B Development or such Permitted Internal Expansion, as applicable, and (B) the Assumed Post-COD P1 SPA Profits, if Phase 3A FID has occurred, profits similar to the Assumed Post-COD P1 SPA Profits from the Phase 2 LNG Facility (which shall be applied first to the Project Phase 3A Development), if Phase 3B FID has occurred, profits similar to the Assumed Post-COD P1 SPA Profits from the Phase 3A LNG Facility (which shall be applied first to the Project Phase 3B Development), and if any Permitted Internal Expansion FID has occurred, profits similar to the Assumed Post-COD P1 SPA Profits from the Phase 3B LNG Facility (which shall be applied first to any subsequent Permitted Internal Expansion), but excluding, for the avoidance of doubt, any voluntary equity contributions used to satisfy the In-Construction Sufficiency Condition or to fund the Contingency Reserve Requirement),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y) any Retained Excess Cash Flow, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z) solely with respect to any such activities relating to the Project Phase 3A Development, the proceeds of Term Loans up to the Phase 3 Loan Proceeds Sublimit *plus*, from and after the date on which the third marine terminal for the Project has received the necessary permits to commence construction, the Third Marine Terminal Allowance Sublimit (*provided* that, such Term Loans up to the Third Marine Terminal Allowance Sublimit may only be used to pay Project Costs in respect of the third marine terminal for the Project, unless otherwise utilized for the Project Costs for the Project Phase 1 Development or the Project Phase 2 Development);

*provided* that, (a) upon the commencement of material construction on the Site with respect to any Permitted Approved Expansion and (b) following the commencement of material construction on the Site with respect to any Permitted Approved Expansion, upon a material change to the scope of such Permitted Approved Expansion, the Borrower shall deliver to the Intercreditor Agent a certificate of the Independent Engineer certifying that such Permitted Approved Expansion will not adversely interfere in any material respect with the construction and development work with respect to the Project Phase 1 Development or the Project Phase 2 Development.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.5External Expansions**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)*Creation of Common Facilities Company*

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Subject to Section 7.5(b) (*External Expansions – Consent to Permitted CFCo Contribution*) below, in connection with an External Expansion, the Borrower may form a new subsidiary that is a CFCo (any such Project Facilities held by CFCo, the "*Common Facilities*").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)Subject to Section 7.5(b) (*External Expansions – Consent to Permitted CFCo Contribution*) below, in connection with an External Expansion, the Borrower, the Pipeline Company, the Procurement Company or any of their respective Subsidiaries may contribute Common Facilities owned by the Borrower, the Pipeline Company, the Procurement Company or any such Subsidiaries to CFCo (such contribution, a "*Permitted CFCo Contribution*").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)*Consent to Permitted CFCo Contribution*. The Borrower, the Pipeline Company, the Procurement Company or any of their respective Subsidiaries may exercise their rights in relation to a Permitted CFCo Contribution under Section 7.5(a) (*External Expansions – Creation of Common Facilities Company*) above if (i) no Unmatured Loan Facility Event of Default or Loan Facility Event of Default has occurred and is Continuing and (ii) the Borrower has obtained the consent of the Facility Lenders holding a majority of the Loans and commitments in respect of the Senior Debt to the proposed contribution of the Common Facilities to CFCo; *provided* that, in the event any Facility Lender shall fail to respond to a request for such consent within thirty (30) Business Days of such request, such Facility Lender shall be deemed to have provided its consent.

**8. LNG SPA COVENANTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.1LNG SPA Maintenance**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Borrower shall maintain the Required LNG SPAs unless one or more of such Required LNG SPAs has terminated, in which case the Borrower shall enter into a replacement Qualifying LNG SPA within 180 days following such termination; *provided* that, (x) such replacement will be sufficient to cause, for each 12 month period thereafter (including any stub period) through the Qualifying Term of the Qualifying LNG SPAs, a minimum Fixed Projected DSCR of not less than the Sizing Case DSCR, and (y) the Borrower shall have a further 90 days to enter into such a replacement Required LNG SPA if the following two conditions are met:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Borrower is diligently pursuing a replacement Qualifying LNG SPA which would be sufficient to cause, for each 12 month period thereafter (including any stub period) through the Qualifying Term

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of the Qualifying LNG SPAs, a minimum Fixed Projected DSCR of not less than the Sizing Case DSCR; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the termination of such Required LNG SPA could not reasonably be expected to result in a Material Adverse Effect;

and the Intercreditor Agent has received a certification from the Borrower confirming that each such condition above has been met prior to the expiration of the initial 180 day period together with documentation reasonably supporting its certification, which may include, to the extent relevant and applicable, a description of the plans being undertaken and expected schedule for replacement of the terminated Required LNG SPA (although commercially sensitive information may be omitted), any measures being taken by the Borrower to address the underlying cause of the termination to the extent relevant to the termination and the replacement process, any interim cash flow mitigation measures being taken by the Borrower (including sales of spot cargoes) and the impact on the Borrower's projected Cash Flow during the subsequent cure period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)A "*Qualifying LNG SPA*" includes each of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)(x) the Phase 1 Initial LNG SPAs and (y) the Phase 2 Initial LNG SPAs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)any LNG SPA entered into for a Qualifying Term in accordance with Section 8.4(a) (*Sale of Supplemental Quantity*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)any other LNG SPA that meets each of the following conditions, in each case:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)such LNG SPA is entered into for a Qualifying Term with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)an Investment Grade LNG Buyer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)an LNG Buyer with (or guaranteed by an entity with) consolidated net tangible assets of at least the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I)$[\*\*\*] billion; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II)$[\*\*\*] billion per 1.0 MTPA of ACQ; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)LNG SPAs supported by Acceptable Credit Support (for the benefit of Borrower) in an amount equal to the greater of (1) 50% of the present value of the projected contracted Cash Flows from the fixed liquefaction fee under the applicable LNG SPA

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during the remaining Qualifying Term of such LNG SPA and (2) 100% of the present value of the projected contracted Cash Flows from the fixed liquefaction fee under the applicable LNG SPA during the lesser of (I) the succeeding seven (7) years under such LNG SPA and (II) the remaining term of such LNG SPA; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)delivery of LNG under such LNG SPA is on an FOB basis or, subject to the Delivered Basis Capacity Limitation, on a delivered basis;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)the Borrower has delivered to the Intercreditor Agent notice of the proposed terms of such LNG SPA and such terms are (1) not materially less favorable in the aggregate than those set forth in the Initial LNG SPAs or (2) are consistent with then-current Market Terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)the execution of such LNG SPA and performance by the Borrower of its obligations under such LNG SPA shall not result in a breach of any Qualifying LNG SPA then in effect, or any Required Export Authorization then in effect and no additional Required Export Authorizations are necessary in connection with the execution of such LNG SPA; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E)the Borrower has delivered to the Intercreditor Agent a certificate certifying to the matters set forth in clauses (i), (ii), (iii)(A)(1) (if applicable) and (iv) above; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)any other LNG SPAs approved by the Intercreditor Agent (with the consent of the Requisite Intercreditor Parties).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.2LNG SPA Mandatory Prepayment**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Borrower shall be required to make a mandatory prepayment (an "*LNG SPA Mandatory Prepayment*") if either of the events set forth below occurs (each, an "*LNG SPA Prepayment Event*"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Borrower breaches the covenant in Section 8.1 (*LNG SPA Maintenance*) (taking into account the period set forth therein to replace the relevant Required LNG SPA); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)with respect to any Required LNG SPA, a Required Export Authorization becomes Impaired and the Borrower does not:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)provide a reasonable remediation plan (setting forth in reasonable detail proposed steps to reinstate the Required Export Authorization or to modify its LNG SPA arrangements, such as through lawful diversions by the counterparty thereto and/or alternative delivery or sale arrangements, such that such Impaired Export Authorization is no longer a Required Export Authorization with respect to any or all such Required LNG SPAs (each such item, an "*Export Authorization Remediation*")) within 30 days following such occurrence;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)diligently pursue such Export Authorization Remediation; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)cause such Export Authorization Remediation to take effect within 90 days following the occurrence of the Impairment; *provided* that, the Borrower shall have a further 90 days to effect an Export Authorization Remediation if the following two conditions are met:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)the Borrower is diligently pursuing its plan for the Export Authorization Remediation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)the Impairment of the Required Export Authorization of such Required LNG SPA could not reasonably be expected to result in a Material Adverse Effect during such subsequent cure period;

and the Intercreditor Agent has received a certification from the Borrower confirming that each such condition above has been met prior to the expiration of the initial 90 day period together with documentation reasonably supporting its certification, which may include, to the extent relevant and applicable, a description of the plans being undertaken for the Export Authorization Remediation (although commercially sensitive information may be omitted), any measures being taken by the Borrower to address the underlying cause of the Impairment to the extent relevant to the Impairment and Export Authorization Remediation, any legal measures being undertaken to reverse the Impairment, any interim cash flow mitigation measures being taken by the Borrower (including sales of spot cargoes), any modification to LNG SPA arrangements such that the Impaired Export Authorization is no longer a Required Export Authorization with respect to any or all such Required LNG SPAs, and the impact on the

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Borrower's projected Cash Flow during the subsequent cure period, and the Intercreditor Agent (acting on the instructions of the Requisite Intercreditor Parties), acting reasonably, has not objected to such certification within 30 days following delivery thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The amount of the Senior Debt (which shall not extend to any Working Capital Debt unless only Working Capital Debt remains outstanding) that the Borrower shall repay and the amount of undrawn Facility Debt Commitments (which shall not include any Working Capital Debt unless only Working Capital Debt remains outstanding) that the Borrower shall cancel upon the occurrence of any LNG SPA Prepayment Event shall be an amount equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the aggregate principal amount of Senior Debt then outstanding *plus* the aggregate principal amount of undrawn Facility Debt Commitments; *less*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the maximum amount of Senior Debt that can remain outstanding consistent with the Base Case Sizing Criteria based on the Base Case Forecast and updated to take into account the Required LNG SPAs then in full force and effect (after giving effect to the LNG SPA Prepayment Event) and including any new Qualifying LNG SPAs entered into by the Borrower to replace a Required LNG SPA the termination of which triggered the LNG SPA Prepayment Event.

The Borrower shall provide to the Intercreditor Agent reasonable documentary support to show the amount of Senior Debt to be repaid and Senior Debt Commitments to be cancelled, including the Base Case Sizing Criteria and the updated Base Case Forecast and, to the extent appropriate, the Required LNG SPAs then in effect and reasonable background information regarding Required Export Authorizations with respect to such Required LNG SPAs and supporting the designation of such Export Authorizations as Required Export Authorizations with respect to such Required LNG SPAs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)In making the prepayment and cancellation described in clause (b) above, the Borrower shall *first* repay the aggregate principal amount of Senior Debt Obligations then outstanding to the extent required under this Section 8.2 (*LNG SPA Mandatory Prepayment*) or until there are no more Senior Debt Obligations outstanding and if this has not resulted in a prepayment of the amount required to satisfy the test in clause (b) above, shall *second* cancel the aggregate principal amount of Facility Debt Commitments to the extent required under this Section 8.2 (*LNG SPA Mandatory Prepayment*). The prepayment and cancellation made pursuant

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to this Section 8.2 (*LNG SPA Mandatory Prepayment*) shall be required to be made by the earliest of (i) the 30<sup>th</sup> day following the termination of the cure period applicable thereto, (ii) the next Quarterly Payment Date if such date is more than 10 Business Days following the termination of the cure period applicable thereto and (iii) the 10<sup>th</sup> Business Day following the termination of the cure period applicable thereto if the next Quarterly Payment Date is less than 10 Business Days following the termination of the cure period applicable thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Upon completion of the prepayment of Senior Debt and cancellation of Facility Debt Commitments as and to the extent required by clause (b) and (c) above, the LNG SPA Prepayment Event and underlying breach of Section 8.1 (*LNG SPA Maintenance*) or Impairment triggering that LNG SPA Prepayment Event shall no longer be continuing under the Finance Documents in so far as the same set of events, facts or circumstances that caused such breach, Impairment and mandatory prepayment are concerned, but without prejudice to the Borrower's obligations under Section 8.1 (*LNG SPA Maintenance*) and Section 8.2 (*LNG SPA Mandatory Prepayment*) with respect to any other event, fact or circumstance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.3Amendment of LNG SPAs**

The Borrower shall not agree to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)any amendment or modification of the price or quantity provisions of any Qualifying LNG SPA that results in a reduction of the price or quantity:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)if such amendment or modification results in a breach of Section 8.1 (*LNG SPA Maintenance*); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)unless after giving effect to such amendment or modification, the Fixed Projected DSCR starting after the first CTA Payment Date for the repayment of principal following the later of the Project Phase 1 Completion Date and the date of such amendment or modification and for each calendar year thereafter through the Qualifying Term of the Qualifying LNG SPAs then in effect is at least the Sizing Case DSCR;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)any amendment or modification of any Qualifying LNG SPA that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)could reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)would not be on Market Terms; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)would otherwise violate or conflict with the terms of the Finance Documents;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)any material waiver, amendment or modification of the governing law, choice of forum, responsibility for the impact of tariffs that shifts any additional responsibility therefor to any Obligor, responsibility for shipping (*i.e.*, FOB, DPU or delivery ex-ship/delivered-at-terminal basis) (subject to the ability of the Borrower to replace (i) subject to the Delivered Basis Capacity Limitation, an LNG SPA that is on a FOB basis with an LNG SPA on a DPU or delivery ex-ship/delivered-at-terminal basis; (ii) an LNG SPA that is on a DPU basis with an LNG SPA that is on an FOB basis or delivery ex-ship/delivered-at-terminal basis or (iii) an LNG SPA that is on a delivery ex-ship/delivered-at-terminal basis with an LNG SPA that is on an FOB basis or DPU basis), term (other than an increase), or guarantee or credit support provisions (other than an increase or improvement) of any Qualifying LNG SPA, in each case, if within 60 days following notice of such proposed amendment or modification, the Intercreditor Agent notifies the Borrower in writing of its objection to such proposed amendment or modification; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)any amendment or modification of the material elements of the structure or components of the pricing formula or the methodology of calculating the Contract Sales Price or any material term defining the "take-or-pay" obligations of any Qualifying LNG SPA (other than any increase or improvement thereof), in each case, if within 60 days following notice of such proposed amendment or modification, the Intercreditor Agent notifies the Borrower in writing of its objection to such proposed amendment or modification.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.4Sale of Supplemental Quantity**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Borrower shall be permitted to enter into LNG SPAs (and, in the case of any LNG SPA on a DPU or delivery ex-ship/delivered-at-terminal basis, shipping arrangements relating thereto) in respect of all or any portion of the Supplemental Quantity, which LNG SPAs may be of any duration, on any terms and, to buyers of any credit quality; *provided* that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Required LNG SPAs are then in full force and effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)(A) such LNG SPA has a term that is less than [\*\*\*] years (measured from the Commercial Operation Date thereunder), (B) the Obligors have not incurred Senior Debt Obligations using such LNG SPA as a Required LNG SPA, or (C) the Facility Lenders holding a majority of the Loans and commitments in respect of the Senior Debt have consented to the Borrower entering into such LNG SPA;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)each buyer thereunder is instructed to pay the Contract Sales Price to the Pre-Completion Revenues Account or the Revenue Account as required by Section 8.6 (*Payment of LNG Sales Proceeds*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)the performance by the Borrower of its obligations under such LNG SPAs could not reasonably be expected to have a material adverse effect on the ability of the Borrower to perform its obligations under the Required LNG SPAs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)the terms of such LNG SPA are (A) not materially less favorable in the aggregate than those set forth in the Initial LNG SPAs or (B) are consistent with then-current Market Terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)the entry into and the terms of such LNG SPA shall not result in a breach or default of any Required LNG SPA then in effect or the Impairment of any then-required material Permit; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)delivery of LNG under such LNG SPA is on an FOB basis, or, subject to the Delivered Basis Capacity Limitation, DPU basis or delivery ex-ship/delivered-at-terminal basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Notwithstanding anything to the contrary, the Borrower shall be permitted to enter into the Phase 1 Excess Capacity LNG SPA and any other LNG SPAs or replacements thereof in respect of all or any portion of the Excess Capacity Quantity, which LNG SPAs may be of any duration, on any terms and, to buyers of any credit quality.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.5Sale of Pre-Completion Quantities**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Borrower shall be permitted to enter into LNG SPAs (and, in the case of any LNG SPA on a DPU or delivery ex-ship/delivered-at-terminal basis, shipping arrangements relating thereto) in respect of any LNG produced or to be produced by the Phase 1 LNG Facility prior to the Project Phase 1 Completion Date, by the Phase 2 LNG Facility prior to the Project Phase 2 Completion Date, by the Phase 3A LNG Facility prior to the Project Phase 3A Completion Date, by the Phase 3B LNG Facility prior to the Project Phase 3B Completion Date or by any Permitted Internal Expansion prior to the "project completion date" in respect of such Permitted Internal Expansion ("*Pre-Completion Quantities*"), which LNG SPAs may be of any duration, on any terms and to buyers of any credit quality; *provided* that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Required LNG SPAs are then in full force and effect;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)such LNG SPA has a term that ends no later than the day immediately preceding the Commercial Operation Date (as defined in each such LNG SPA);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)each buyer thereunder is instructed to pay the Contract Sales Price (the "*Pre-Completion Revenues*") to the Pre-Completion Revenues Account as required by Section 8.6 (*Payment of LNG Sales Proceeds*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)the performance by the Borrower of its obligations under such LNG SPAs could not reasonably be expected to have a material adverse effect on the ability of the Borrower to perform its obligations under the Required LNG SPAs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)the entry into and the terms of such LNG SPA shall not result in a breach or default of any Required LNG SPA then in effect or the Impairment of any then-required material Permit; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)delivery of LNG under such LNG SPA is on an FOB basis, DPU basis or delivery ex-ship/delivered-at-terminal basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.6Payment of LNG Sales Proceeds**

The Borrower shall irrevocably instruct each LNG Buyer to pay the proceeds of sales of LNG under its LNG SPAs directly into:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)for any payments made (i) with respect to any LNG SPA in respect of the Phase 1 LNG Facility prior to the Project Phase 1 Completion Date (but, for the avoidance of doubt, excluding the proceeds of indebtedness and equity contributions and any revenues received under its Phase 1 Initial LNG SPAs), (ii) with respect to any LNG SPA in respect of the Phase 2 LNG Facility prior to the Project Phase 2 Completion Date (but, for the avoidance of doubt, excluding the proceeds of indebtedness and equity contributions and any revenues received under its Phase 2 Initial LNG SPAs) or (iii) with respect to any LNG SPA in respect of any Permitted Approved Expansion prior to the date for achievement of the "project completion date" in respect of such Permitted Approved Expansion (but, for the avoidance of doubt, excluding the proceeds of indebtedness and equity contributions and any revenues received under its LNG SPAs in respect of such Permitted Approved Expansion), in each case, the Pre-Completion Revenues Account; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)for any payments made (i) with respect to an LNG SPA in respect of the Phase 1 LNG Facility on or after the Project Phase 1 Completion Date, (ii) with respect to an LNG SPA in respect of the Phase 2 LNG Facility on or after the Project Phase 2 Completion Date or (iii) with respect to an LNG

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SPA in respect of any Permitted Approved Expansion on or after the date for achievement of the "project completion date" in respect of such Permitted Approved Expansion, in each case, the Revenue Account.

**9. MATERIAL CONSTRUCTION CONTRACTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.1Change Orders**

Other than with respect to any Change Order specified in Schedule I (*Change Orders*) hereto, the Obligors shall not agree to initiate or consent to (without the consent of the Intercreditor Agent and, in the event any Change Order does not satisfy clause (a)(i) or (a)(ii), in reliance on a certificate from the Independent Engineer confirming the items in clause (b), (c) or (d) below) any Change Order that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)increases the contract price of any Material Construction Contract from that in effect on the Upsize Closing Date or increases the aggregate anticipated Project Costs of the Project Facilities in excess of the costs contemplated by the Construction Budget and Schedule; *provided* that: the Obligors may, without the consent of the Intercreditor Agent (or delivery of any certificate from the Independent Engineer) and subject to sub-clauses (ii) through (vi) below, enter into any Change Order under any Material Construction Contract or other contract if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the amount of any such Change Order is less than $[\*\*\*] million individually and the aggregate of all such Change Orders with respect to the Material Project Agreements and/or other contracts (taken together), is less than $[\*\*\*] million collectively since the Initial Closing Date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)if either of the foregoing thresholds is exceeded, the Borrower is able to certify the In-Construction Sufficiency Condition (plus, solely for this purpose, adequate contingency to complete the Phase 1 Project Facilities and Phase 2 LNG Facility, determined at the time of such proposed Change Order) (as confirmed by the Independent Engineer);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)modifies any credit support requirements, warranty, Performance Liquidated Damages, Delay Liquidated Damages or Schedule Bonus under any Material Project Agreement in a manner that is materially adverse to the Obligors or the Secured Parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)changes the scope of work or performance testing standards under any Material Project Agreement in a manner materially adverse to the Obligors;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)would reasonably be expected to prevent the Borrower from achieving the Project Phase 1 Completion Date by the Phase 1 LNG Facility Date Certain or the Project Phase 2 Completion Date by the Phase 2 LNG Facility Date Certain;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)results in the revocation or adverse modification of any material Permit; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)could reasonably be expected to result in a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.2UOP Pre-Treatment Systems**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)No Obligor shall agree to any Change Order that modifies the basis of design of the pre-treatment systems supplied by UOP pursuant to the UOP Pretreatment Contracts that would require subsequent changes to the basis of design for the equipment delivered under any of the LTS 2023 Purchase Order, LTS 2024 Purchase Order, PIS 2023 Purchase Order or the PIS 2024 Purchase Order unless the Borrower delivers together with such Change Order a written confirmation from BHES that such modification does not affect any performance guarantee (including any minimum performance guarantee or unconditional performance obligation under any of the LTS 2023 Purchase Order, LTS 2024 Purchase Order, PIS 2023 Purchase Order or the PIS 2024 Purchase Order), in which event such Change Order shall be permitted (subject to Section 9.1 (*Change Orders*)).

**10. REPORTING BY THE BORROWER**

The Borrower shall be bound by the following reporting obligations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.1Accounting, Financial and Other Information**

The Borrower shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)furnish to the Intercreditor Agent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)within 60 days following the end of the first three fiscal quarters of each fiscal year, beginning with the fiscal quarter ending June 30, 2025, (x) the unaudited consolidating balance sheet of the Obligors as of the end of such quarter, (y) the unaudited consolidating statement of operations of the Obligors for such quarter and the portion of the fiscal year through the end of such quarter, and (z) the unaudited statement of cash flows of the Obligors for the portion of the fiscal year through the end of such quarter; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)within 120 days after the end of each fiscal year beginning with the fiscal year ending December 31, 2025, the Obligors' consolidating annual financial statements, audited by the Independent Accountants, accompanied by an audit opinion of such Independent Accountants to the effect that such financial statements fairly present, in all material respects, the financial

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position and results of operations and cash flows of the Obligors in accordance with GAAP (which opinion shall not be subject to any "going concern" qualification); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)(A) concurrently with the delivery of the financial statements pursuant to clause (a)(i) above for each fiscal quarter beginning with the fiscal quarter ending June 30, 2026, (x) in comparative form, the unaudited consolidating balance sheet of the Obligors as of the end of the prior fiscal year, (y) in comparative form, the unaudited consolidating statement of operations of the Obligors for such quarter and the portion of the fiscal year through the end of such quarter for the corresponding period in the previous year and (z) in comparative form, the unaudited statement of cash flows of the Obligors for the portion of the fiscal year through the end of such quarter for the corresponding period in the previous year and (B) concurrently with the delivery of the financial statements pursuant to clause (a)(ii) above for each fiscal year beginning with the fiscal year ending December 31, 2026, comparative form financial statements with respect to the prior fiscal year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)concurrently with the delivery of the financial statements pursuant to clause (a) above, furnish:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)a certificate executed by an Authorized Officer of each of the Obligors certifying that such financial statements fairly present in all material respects the financial condition and results of operations of the Obligors on the dates and for the periods indicated in accordance with GAAP, subject, in the case of a quarterly financial statement, to the absence of notes and normal year-end audit adjustments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)a certificate executed by an Authorized Officer of the Borrower certifying that no Unmatured Loan Facility Event of Default or Loan Facility Event of Default exists as of the date of such certificate or, if any Unmatured Loan Facility Event of Default or Loan Facility Event of Default exists, specifying the nature and extent thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)a written summary of Gas Hedging Instruments entered into by any Obligor, detailing aggregate outstanding contract volumes, price ranges of such Gas Hedging Instruments and the associated value at risk with respect to such Gas Hedging Instruments for the Development as of the end of each quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Upon a reasonable request from any Facility Agent, furnish (i) any change in the information provided in the Beneficial Ownership Certification that

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would result in a change to the list of beneficial owners identified in sections (i) or (ii) of such certification and (ii) any documents that are required in order for each Facility Lender to carry out all necessary "know your customer" or similar requirements, including those reasonably required to ensure compliance with anti-money laundering procedures (including the USA Patriot Act) in its relevant jurisdiction, in each case under this clause (ii) to the extent not otherwise delivered to the relevant Finance Party at or prior to the Upsize Closing Date or subsequently delivered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.2Quarterly Historical DSCR Certificate**

Commencing from the last day of each full fiscal quarter following the First Tranche 1 Repayment Date after the Project Phase 1 Completion Date, no later than concurrently with the delivery of the financial statements pursuant to Section 10.1(a) (*Accounting, Financial and Other Information*), the Borrower shall calculate and deliver to the Collateral Agent its calculation of the Historical DSCR for the most recent 12-month period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.3Notices**

The Borrower shall provide prompt written notice to the Intercreditor Agent and each Facility Agent upon any Obligor having Knowledge of any:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Unmatured Loan Facility Event of Default or Loan Facility Event of Default and any action being taken or proposed to be taken with respect thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)damage, loss or destruction of all or a material portion of the Project Facilities or an Event of Taking in excess of $125 million in value or any series of such events or circumstances during any 12-month period in excess of $375 million in value in the aggregate, or the initiation of any insurance claim proceedings with respect to any such event; 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)claim, Environmental Claim, suit, arbitration, litigation or similar proceeding pending or threatened in writing (i) with respect to or against the Development or the Collateral Parties (A) in which the amount involved is in excess of $375 million; (B) that could reasonably be excepted to have a Material Adverse Effect; or (C) involving injunctive or declaratory relief; or (ii) involving any other party to any of the Material Project Agreements, in each case, which could reasonably be expected to have a Material Adverse Effect or result in a Loan Facility Event of Default, and, in each case, copies or summaries thereof and a description of any action being taken or proposed to be taken with respect thereto;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)dispute, litigation, investigation or proceeding between any Governmental Authority and a Collateral Party involving the Development in which the amount involved is in excess of $375 million or that could reasonably be expected to have a Material Adverse Effect, in each case, including a reasonable summary thereof; 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)force majeure event in respect of the Development reasonably expected to exceed 30 consecutive days, including its expected duration and any action being taken or proposed to be taken with respect thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)cessation of activities by any of the Construction Contractors, the Manager or the Operator or the Pipeline Operator, as applicable, related to the Development that is not otherwise reflected in the Construction Budget and Schedule and could reasonably be expected to exceed 60 consecutive days;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)unless previously notified pursuant to another provision in the Finance Documents, event, occurrence or circumstance that could reasonably be expected to cause:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)an increase of more than an aggregate of $200 million in Project Costs which has not been previously notified pursuant to Article 9 (*Material Construction Contracts*); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)Operation and Maintenance Expenses to exceed the amount budgeted therefor by 10% or more in the aggregate per annum or 20% per line item per annum, but excluding, for purposes of calculating the foregoing increases, amounts in the then-effective Operating Budget for Gas purchases;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)an ERISA Event or any other event or circumstance that could reasonably be expected to result in material liability to any Collateral Party under ERISA or under the Code with respect to any Plan or Multiemployer Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)material modifications to any Senior Debt Instrument, together with copies of such modifications;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)material Permit obtained by a Collateral Party or for the benefit of the Development not previously delivered, when available to the Collateral Party, together with a copy of such Permit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)material written statement or report received by a Collateral Party from Operator or the Pipeline Operator, as applicable, pursuant to the O&M Agreements together with a copy of such statement or report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)Impairment of any material Permit;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)notice to be delivered or received pursuant to any Material Project Agreement that is material to the Development, together with a copy thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)prepayment of Senior Debt resulting in a Hedging Excess Amount, which notice shall certify:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the total amount of such Hedging Excess Amount; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the allocation of the Hedging Excess Amount across the applicable Permitted Hedging Instruments in respect of which the hedged amount is to be reduced;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)execution of material agreements entered into by an Obligor after the Upsize Closing Date, which notices shall be provided at least five Business Days prior to the execution of any such agreement or earlier if expressly specified herein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)when available, copies (with commercially sensitive information redacted) of material agreements entered into by an Obligor after the Upsize Closing Date (not already delivered to the Intercreditor Agent pursuant to another provision of the Finance Documents);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)event (other than any event specified above) that could reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)on an annual basis, a copy of the Composite ADP (as such term is defined in each Initial LNG SPA or any other Qualifying LNG SPA) provided by the Borrower under the Initial LNG SPAs and Qualifying LNG SPAs; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s)any failure by the Borrower to deliver at least 50% of the LNG required to be made available by the Borrower in accordance with the applicable delivery schedule under any Qualifying LNG SPA in any month, and any action taken or proposed to be taken in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.4Construction Reports**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Prior to the Project Phase 2 Completion Date, as soon as available and in any event:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)within 30 days following the end of each month (or if such date is not a Business Day, the following Business Day), the Borrower shall deliver to the Intercreditor Agent, each Facility Agent and the Independent Engineer:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)each of the construction reports provided to the Obligors by the contractors identified in Annex 1 of Exhibit A to the

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EPC Contracts and the Pipeline Construction Contracts for the subject month;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)the executive summary report prepared by the Sponsor and provided to the Obligors for the subject month;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)progress curves for the component parts and the consolidated Phase 1 Project Facilities and the Phase 2 LNG Facility showing the planned and actual progress for the Phase 1 Project Facilities and the Phase 2 LNG Facility and such progress curves for the consolidated Project shall be based on the agreed weightings for each component part of the Project Phase 1 Development and Project Phase 2 Development (such progress curve to be broken out to show progress in respect of each of (x) the Phase 1 Project Facilities and (y) the Phase 2 LNG Facility);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)a table showing the Construction Budget and Schedule as of the Upsize Closing Date, cash spend to date under each contract identified in Annex 1 of Exhibit A to the EPC Contracts and the Pipeline Construction Contracts, and the then-projected final cost of each contract identified in Annex 1 of Exhibit A to the EPC Contracts and the Pipeline Construction Contracts and the overall Project, the forecast of which shall be updated no less frequently than semi-annually with qualitative associated cost trend reports issued no less frequently than three times a year; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E)to the extent not already included in the reports described in clauses (a)(i)(A) through (D) above, a listing of reportable environmental, health and safety incidents, any material unplanned related impacts, events, accidents or issues, and any material non-compliance with Environmental Laws during the report period, and any amendments, modifications or updates to the Environmental and Social Management Plan and Equator Principles Action Plan that occurred during the report period (such information under clauses under sub-clauses (a)(i)(A) through (E), the "*Supplied Reporting Data*");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)by the fifteenth Business Day following receipt of the Supplied Reporting Data, a report outlining and detailing any exceptions or issues with the Supplied Reporting Data issued by the Independent Engineer regarding any material concern with respect to the Supplied Reporting Data; *provided* that, the failure to provide such by-exception report pursuant to this sub-clause (ii) by the fifteenth

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Business Day following receipt of such Supplied Reporting Data (other than as a result of an act or omission by the Borrower or its Affiliates) shall not constitute an Unmatured Loan Facility Event of Default or a Loan Facility Event of Default.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)On not less than a quarterly basis, the Independent Engineer shall attend the Manager's monthly meeting with, at a minimum, the contractors party to the Material Construction Contracts, visit and inspect the Project Facilities and prepare a detailed quarterly construction report. Such quarterly construction report prepared by the Independent Engineer shall be issued within 15 Business Days after the end of such site visit and shall set forth the following in reasonable detail:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the estimated date on which the Independent Engineer expects the Borrower to load its first LNG tanker with LNG produced at the Project;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the estimated date on which the Project Phase 1 Completion Date and the Project Phase 2 Completion Date shall be achieved;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the Borrower's estimate of overall completion at the end of the subject quarter together with the Independent Engineer's observations on same;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)the then-current estimate of anticipated Project Costs through the Project Phase 2 Completion Date as compared to the then current Construction Budget and Schedule and in the event of a material variance (more than five percent (5%)), the reasons therefor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)any event or circumstance the occurrence of which could reasonably be expected to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)increase the total Project Costs materially (more than five percent) above those set forth in the then current Construction Budget and Schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)delay the Project Phase 1 Completion Date beyond the Phase 1 LNG Facility Date Certain or delay the Project Phase 2 Completion Date beyond the Phase 2 LNG Facility Date Certain (as reasonably anticipated by the Borrower as of such time); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)if the Project Phase 1 Completion Date is not anticipated to occur on or before the Phase 1 LNG Facility Date Certain or the Project

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Phase 2 Completion Date is not anticipated to occur on or before the Phase 2 LNG Facility Date Certain, the reasons therefor (and a discussion of the schedule recovery plan and status of preparation and implementation);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)the status of construction of the Project Facilities, including progress under each contract identified in Annex 1 of Exhibit A to each EPC Contract (and a description of any material defects or deficiencies with respect thereto), observations on the general appearance of the Project Facilities and the proposed construction schedule for the following 90 days of the Project Facilities, including a description, as compared with the then current Construction Budget and Schedule, of the status, as applicable, of engineering, procurement, construction, commissioning and testing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)the status of construction of the CP Express Pipeline, the condition of the right-of-way and environmental compliance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix)the status of construction of the interconnection facilities being constructed in accordance with each of the Gas Transportation Agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)a copy of any filing made by an Obligor with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)FERC with respect to the Development; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)the DOE with respect to the export of LNG from the Project Facilities;

(except in each case such filings as are routine or ministerial in nature), which copy may be provided by means of a link to the website where such filing is posted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi)a copy of any filing made by any Person other than an Obligor with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)FERC with respect to the Development in any proceeding in which an Obligor is the captioned party or respondent; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)the DOE with respect to the export of LNG from the Project Facilities in any proceeding in which an Obligor is the captioned party or respondent,

(except in each case such filings as are routine or ministerial in nature), which copy may be provided by means of a link to the website where such filing is posted;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii)updates to Schedule F (*Material Permits*) hereto reflecting the status of any material Permits necessary for the Development, including the dates of applications submitted or to be submitted and the anticipated dates of actions by Governmental Authorities with respect to such Permits; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii)a discussion of reportable environmental, health and safety incidents, any material unplanned related impacts, events, accidents or issues, and any material non-compliance with Environmental Laws during the report period, and any amendments, modifications or updates to the Environmental and Social Management Plan and Equator Principles Action Plan that occurred during the report period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.5Operating Budget**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)No less than 30 days after the first production of LNG from the Project, no less than 30 days prior to the beginning of each calendar year thereafter, and prior to the Project Phase 2 Completion Date, the Obligors shall prepare a proposed operating plan and budget setting forth in reasonable detail the projected requirements for Operation and Maintenance Expenses for the Obligors and the Development for the ensuing calendar year (or, in the case of the initial Operating Budget or revised Operating Budget delivered in conjunction with the Project Phase 2 Completion Date, the remaining portion thereof) and provide the Independent Engineer and the Intercreditor Agent with a copy of such operating plan and budget (the "*Operating Budget*").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Each Operating Budget shall be prepared in accordance with a form provided to and accepted by the Independent Engineer prior to the Project Phase 1 Completion Date in its reasonable judgment (with any material changes to such form as may be confirmed to be reasonable by the Independent Engineer).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Each Operating Budget shall set forth all material assumptions used in the preparation of such Operating Budget and each such Operating Budget shall become effective 30 days following delivery thereof to the Intercreditor Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)The Obligors shall provide notice to the Independent Engineer and Intercreditor Agent of any material amendments to the Operating Budget that occur during the course of a calendar year.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.6Operating Statements and Reports**

Within 60 days following the end of each fiscal quarter (other than the last fiscal quarter of any fiscal year) and 90 days following the end of each fiscal year, commencing with the close of the first full fiscal quarter after the Commercial Operation Date under any of the Required LNG SPAs then in effect, the Borrower shall deliver to the Intercreditor Agent and the Independent Engineer quarterly and annual operating statements, respectively, which shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)correspond to the expenditure categories and monthly periods of the current annual Operating Budget and show all Cash Flows and all expenditures for Operation and Maintenance Expenses during such quarterly period and for the portion of the Borrower's fiscal year then ended, and the fiscal year then ended, respectively;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)in the case of the quarterly operating statement, include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)updated estimates of Operation and Maintenance Expenses for the balance of such fiscal year to which the operating statement relates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)a summary of key performance indicators used to monitor the operation of the Project Facilities during such quarterly period and capacity test results if any are performed during such quarterly period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)records on efficiency, performance and availability of the Project Facilities during such fiscal quarter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)discussion of any material deviation from the requirements set forth in Section 12.3 (*Project Construction; Maintenance of Properties*), stating in reasonable detail the necessary qualifications to such requirements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)the cause, duration and projected loss of Cash Flows attributable to each material scheduled and unscheduled interruption in the liquefaction and other services to be provided under the LNG SPAs by the Project Facilities during such fiscal quarter and, with respect to any interruptions caused by a material defect or failure, the cause of and cost to repair such defect or failure;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)a listing of reportable environmental, health and safety incidents, any material unplanned related impacts, events, accidents or issues, and any material non-compliance with Environmental Laws, and any amendments, modifications or updates to the Environmental and Social Management Plan and Equator Principles Action Plan

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that occurred during the report period and status of the implementation of the obligations under the Environmental and Social Management Plan and Equator Principles Action Plan (including IFC Performance Standards) and resolution of any formal grievances during the calendar quarter (annotated as applicable by the Independent Engineer); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)a summary of firm Gas supply arrangements into which the Borrower has entered and listing the pipelines with which firm transportation agreements have been executed and the volumes of capacity associated therewith;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)include a copy of any filing made by an Obligor:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)with FERC with respect to the Development; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)with the DOE with respect to the export of LNG from the Project Facilities,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)(except in each case such filings as are routine or ministerial in nature), which copy may be provided by means of a link to the website where such filing is posted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)include a copy of any filing made by any Person other than an Obligor:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)with FERC with respect to the Development in any proceeding in which an Obligor is the captioned party or respondent; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)with the DOE with respect to the export of LNG from the Project Facilities in any proceeding in which an Obligor is the captioned party or respondent,

(except in each case such filings as are routine or ministerial in nature), which copy may be provided by means of a link to the website where such filing is posted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)be accompanied by a statement of sources and uses of funds for the periods covered by it and a discussion of the reason for any material:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)variance from the amount budgeted therefor in the relevant Operating Budget; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)variance in the actual costs for the then-current period from the costs incurred during the prior period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)be certified as materially complete and correct by an Authorized Officer of the Borrower.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.7Insurance Reporting**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Borrower shall provide to the Intercreditor Agent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)evidence of Minimum Insurance set forth on, and subject to the provisions of, the Schedule of Minimum Insurance:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)by the Upsize Closing Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)upon the renewal or replacement of any insurance policy required under the Schedule of Minimum Insurance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)notice as soon as reasonably practicable of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)any failure to pay any premium on Minimum Insurance (and in any case, by the date falling ten days after it is due);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)any actual or reasonably anticipated material reduction in Minimum Insurance coverage (and in any case, within five Business Days after becoming aware of such reduction);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)any failure to maintain Minimum Insurance coverage (including any cancellation, termination or suspension (for any reason) of any Minimum Insurance) (and in any case, within five Business Days after becoming aware of such cancellation, termination or suspension);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)any single loss or event likely to give rise to a property damage or liability claim against an insurer for an amount in excess of $150 million (and in any case, within five Business Days after becoming aware of such loss or event);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E)without prejudice to its other obligations under this Section 10.7 (*Insurance Reporting*), Article 5 (*Insurance and Condemnation Proceeds and Performance Liquidated Damages*) of the Common Security and Account Agreement or Section 12.28 (*Insurance Covenant*), any fact, event or circumstance that has caused, or that with the giving of notice or lapse of time would cause, it to be in breach of any provision of this Section 10.7 (*Insurance Reporting*), Article 5 (*Insurance and Condemnation Proceeds and Performance Liquidated Damages*) of the Common Security and Account Agreement or Section 12.28 (*Insurance Covenant*) or the requirements of any of the Borrower's Minimum Insurance policies, and:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)the steps it proposes to take in order to remedy such breach or, if such breach cannot be remedied, to mitigate the risk or liability to which the Project Facilities have been or shall reasonably be expected to be exposed by virtue of the occurrence of such breach; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)its good faith estimate of the period required to implement, and the cost of, such steps.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The evidence of Minimum Insurance provided pursuant to Section 10.7(a)(i)(A) (*Insurance Reporting*) above shall be provided in the form of certificates of insurance, binders or other customary documentation evidencing the existence of all insurance required to be maintained at such time by the Obligors, together with a certificate of the Borrower setting forth the insurance obtained and stating:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)that such insurance required to be maintained at such time by the Obligors as set forth in the Schedule of Minimum Insurance has been obtained and in each case is in full force and effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)that such insurance complies with the requirements of the Schedule of Minimum Insurance and is otherwise in accordance with the Finance Documents in all material respects; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)that all premiums then due and payable on all such insurance have been paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.8Copies of Finance Documents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Promptly following the Upsize Closing Date and following entry by any Obligor into a new Finance Document, the Borrower shall deliver copies of such newly executed Finance Document to the Collateral Agent, Intercreditor Agent, each Facility Agent and each Facility Lender party to the Finance Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.9Early Cargo Projections**

Within ten (10) Business Days after the end of (a) each calendar quarter (beginning with the calendar quarter that is one year prior to the start of the first calendar quarter during which the Borrower reasonably expects to export commissioning cargoes from the Phase 1 Project Facilities) and (b) each calendar month (beginning with the calendar month that is three months prior to the start of the first calendar month during which the Borrower reasonably expects to export commissioning cargoes from the Phase 1 Project Facilities), Early Cargo Projections (or updated Early Cargo Projections, as applicable), together with a certificate of the Borrower that the projections and pro forma financial information contained in the Early Cargo Projections are based upon good faith

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estimates and assumptions believed by management of the Borrower to be reasonable at the time made in light of the legal and factual circumstances then applicable to the Project, it being recognized by the Lenders that such projections and pro forma financial information as they relate to future events are not to be viewed as fact and that actual results during the period or periods covered by such projections and pro forma financial information may differ from the projected results set forth therein by a material amount.

**11. RESTRICTED PAYMENTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11.1Conditions to Restricted Payments**

Restricted Payments may be made; *provided* that, each of the following, and no other, conditions has been satisfied:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)no Loan Facility Event of Default or Unmatured Loan Facility Event of Default has occurred and is Continuing or could reasonably be expected to occur as a result of such Restricted Payment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)(i) the Historical DSCR for the most recent 12-month period (calculated for this purpose based on the rolling four-quarter average, unless the Project Phase 1 Completion Date has occurred less than four full quarters prior, in which case the Historical DSCR shall be calculated on an annualized basis for the period of time elapsed since the Project Phase 1 Completion Date, and excluding any amount contributed during such measurement period under the cure right in Section 12.25 (*Historical DSCR*)) and (ii) the Fixed Projected DSCR for the 12-month period beginning on the Quarterly Payment Date on or immediately prior to the proposed date of the Restricted Payment are, in each case, at least 1.25:1;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Senior Facilities Debt Service Reserve Account is funded (with cash or Acceptable Debt Service Reserve LCs) in an amount equal to the Senior Facilities Debt Service Reserve Amount;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)each of the Project Phase 1 Completion Date and the Project Phase 2 Completion Date has occurred;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)no outstanding LC Loans (as defined in the Credit Facility Agreement) or LC Reimbursement Payments are outstanding as of the date of such Restricted Payment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)(i) the then-Required LNG SPAs are in full force and effect and (ii)(A) no actual LNG SPA Prepayment Event or Unmatured LNG SPA Prepayment Event has occurred and is continuing in respect of which the prepayment and cancellation required by the occurrence of such event in accordance with Section 8.2 (*LNG SPA Mandatory Prepayment*) has not been made in full or (B) Acceptable Credit Support has been provided in an amount

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equal to the lesser of (1) the amount of the Restricted Payment that is proposed to be made and (2) the maximum amount that would be mandatorily payable pursuant to Section 8.2 (*LNG Sales Mandatory Prepayment*) as a result of the relevant LNG SPA Prepayment Event or Unmatured LNG SPA Prepayment Event, that will be drawn or called and deposited in cash in the Revenue Account by the Borrower in the event that a mandatory prepayment of Senior Debt is triggered pursuant to Section 8.2 (*LNG Sales Mandatory Prepayment*) if the Borrower does not have sufficient cash at the relevant level of the cash waterfall under Section 4.7 (*Cash Waterfall*) of the Common Security and Account Agreement to make such mandatory prepayment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)no other Restricted Payment (other than any Restricted Payment permitted under Section 11.2 (*Certain Restricted Payments*) or Section 11.3 (*Pre-Completion Revenue Restricted Payments*) has been made during the calendar month of the proposed Restricted Payment; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)at least two Business Days prior to the proposed date of such Restricted Payment, the Intercreditor Agent has received a certificate from the Borrower confirming that each of the conditions set forth in this Section 11.1 (*Conditions to Restricted Payments*) have been satisfied and setting forth the calculation of the Historical DSCR and the Fixed Projected DSCR in clause (b) above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11.2Certain Restricted Payments**

The following payments may be made at any time in accordance with the terms of this Agreement and the other Finance Documents, without complying with the conditions set forth in Section 11.1 (*Conditions to Restricted Payments*) and without complying with the conditions set forth in Section 11.3 (*Pre-Completion Revenue Restricted Payments*):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)reimbursements of equity (other than any Equity Contributions) pursuant to Section 3.4(a)(ii) (*Mandatory Prepayments – Performance Liquidated Damages*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)reimbursements of equity (other than any Equity Contributions) pursuant to Section 5.2(h) (*Insurance and Condemnation Proceeds*) of the Common Security and Account Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)reimbursements of Drawstop Equity Contributions in accordance with Section 4.5(d)(iii) (*Deposits and Withdrawals – Construction Account*) of the Common Security and Account Agreement, but subject to all conditions precedent set forth in Section 4.3 (*Conditions to Each Term Loan Advance*) for an Advance in connection with such reimbursement of the Drawstop Equity Contributions have been met or waived (regardless of

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whether any Advance is then being requested, *provided* that, in such case, in addition to any certifications and other deliverables that are (or would be) required in connection with making of an Advance, the Obligors have certified to the Intercreditor Agent the satisfaction of the In-Construction Sufficiency Condition (but excluding any Minimum Assumed Commissioning Cargo Proceeds in clause (b) of the definition thereof)), and solely to the extent the proceeds of such Drawstop Equity Contributions have been used to pay Project Costs and the Senior Debt/Equity Ratio is not greater than 75:25 after such borrowings and reimbursements (it being understood and agreed that Equity Commitment Funding made (including by way of a draw on Equity Commitment Support) under the Equity Contribution Agreement shall not constitute Drawstop Equity Contributions and shall be required to be applied from the Construction Account to the payment of Project Costs or from the Additional Proceeds Prepayment Account(s) to make prepayments of the Loans and not to be subject to reimbursement under this clause (c));

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Restricted Payments to the Pledgor solely to the extent the amount of such Restricted Payments are promptly contributed to the Borrower or the Guarantors, respectively, as an Investment in accordance with Section 12.19(j) (*Limitation on Investments and Loans*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Subject to Section 7.5 (*External Expansions*), the issuance of Equity Interests of CFCo to the Borrower; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Restricted Payments to the Pledgor with amounts on deposit in the Excess Equity Proceeds Account to the extent expressly permitted by Section 4.5(p)(i) (*Deposits and Withdrawals – Excess Equity Proceeds Account*) of the Common Security and Account Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11.3Pre-Completion Revenue Restricted Payments**

Notwithstanding anything to the contrary in Section 11.1 (*Conditions to Restricted Payments*), Restricted Payments in respect of Pre-Completion Revenues may be made on and prior to the Project Phase 2 Completion Date (or, in the case of any Permitted Approved Expansion, prior to the date for achievement of the "project completion date" in respect of such Permitted Approved Expansion), *provided* that, in each case, each of the following, and no other, conditions has been satisfied:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)no Loan Facility Event of Default or Unmatured Loan Facility Event of Default has occurred and is Continuing or could reasonably be expected to occur as a result of such Restricted Payment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)achievement of an annualized LNG production rate of [\*\*\*] MTPA (prior to the Project Phase 1 Completion Date) or, solely after the occurrence of

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the Project Phase 1 Completion Date, [\*\*\*] MTPA (on and after such date and prior to the Project Phase 2 Completion Date), in each case, for [\*\*\*] days (as verified by the Independent Engineer);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the sum (computed without duplication) of (i) the remaining undrawn amount of the Facility Debt Commitments and/or the proceeds of any Supplemental Debt or Replacement Debt (in each case, solely to the extent the proceeds of such Indebtedness may be used solely for the payment of Project Costs in respect of the Phase 1 Project Facilities and the Phase 2 LNG Facility) to be deposited into the Construction Account for the payment of such Project Costs, funds on deposit in the Construction Account (including any Equity Funding remaining on deposit in the Construction Account), Contingency Reserve Account, the Pre-Completion Revenues Account, the Disbursement Accounts and the Permitted Finance Costs Reserve Account (in each case, solely to the extent such amounts on deposit in such account may be used solely for the payment of Project Costs in respect of the Phase 1 Project Facilities and the Phase 2 LNG Facility), (ii) in the case of the Project DSRA, any Minimum Assumed Commissioning Cargo Proceeds (without duplicating Minimum Assumed Commissioning Cargo Proceeds included in the calculation under clause (iii) below), (iii) in the case of the Updated Contingency Amount and the Project Completion Costs, Contracted Commissioning Cargo Proceeds (excluding any such amounts derived from contracted cargoes with affiliates of the Obligors, unless such cargoes are on a back-to-back basis with a non-affiliate of the Obligors) and (iv) the Assumed Post-COD P1 SPA Profits are, collectively equal to or in excess of the Contingency Reserve Requirement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)the Obligors have certified to the Intercreditor Agent, and the Independent Engineer has confirmed, (i) satisfaction of the In-Construction Sufficiency Condition (including to the extent not otherwise included in the amounts used to determine satisfaction of the In-Construction Sufficiency Condition, the Contingency Reserve Requirement) and (ii) that the Borrower is reasonably expected to achieve the Project Phase 1 Completion Date by the Phase 1 LNG Facility Date Certain and the Project Phase 2 Completion Date by the Phase 2 LNG Facility Date Certain;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)the Fixed Projected DSCR prospectively measured for the 12-month period beginning on the then projected first Quarterly Payment Date in respect of the Term Loans is at least 1.25:1;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)no outstanding LC Loans (as defined in the Credit Facility Agreement) or LC Reimbursement Payments are outstanding as of the date of such Restricted Payment;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)the then-Required LNG SPAs are in full force and effect and no actual LNG SPA Prepayment Event or Unmatured LNG SPA Prepayment Event has occurred and is continuing in respect of which the prepayment and cancellation required by the occurrence of such event in accordance with Section 8.2 (*LNG SPA Mandatory Prepayment*) has not been made in full;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)no other Restricted Payment under this Section 11.3 (*Pre-Completion Revenue Restricted Payments*) has been made during the calendar month of the proposed Restricted Payment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)with respect to Pre-Completion Revenues in respect of any Permitted Approved Expansion, such additional conditions to be agreed with the providers of the Permitted Approved Expansion Debt in respect of such Permitted Approved Expansion (if any); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)at least two Business Days prior to the proposed date of such Restricted Payment, the Intercreditor Agent has received a certificate from the Borrower confirming that each of the conditions set forth in this Section 11.3 (*Pre-Completion Revenue Restricted Payments*) have been satisfied and setting forth the calculation of the Fixed Projected DSCR in clause (e) above.

**12. OBLIGOR COVENANTS**

Each Obligor shall comply at all times with the following covenants (*provided* that, if complying with any covenant in Section 12.1 (*Use of Proceeds*) or Section 12.6 (*Compliance with Law*) would result in any Excluded Lender breaching the Blocking Regulation, that covenant is deemed not to be given to that Excluded Lender but only to the extent of the breach and no Excluded Lender is entitled to the benefit of, nor may rely on, that covenant to that extent):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.1Use of Proceeds**

The Obligors shall use the proceeds of (a) the Upsized Senior Debt as specified in the Credit Facility Agreement and (b) any other Senior Debt in accordance with the Facility Agreement applicable thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.2Maintenance of Existence, Franchises, Etc.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Each Obligor shall maintain its legal existence as a limited liability company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)no Obligor shall take any action to amend or modify its Constitutional Documents in a manner that is in any material respect adverse to the interests of the Facility Lenders or such Obligor's ability to comply with the Finance Documents; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)each Obligor shall promptly provide copies of any amendments to its Constitutional Documents to the Intercreditor Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)each Obligor shall maintain and renew all of the powers, licenses, rights, privileges and franchises necessary for the Development and in the normal conduct of its business as conducted or proposed to be conducted, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)no Obligor shall change, alter or modify its legal business name, jurisdiction of organization or type of organization, in each case without providing the Intercreditor Agent with at least 30 days' prior notice and without having satisfied its obligations under Section 12.31 (*Further Assurances*); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)no Obligor shall cease to be for US federal income tax purposes the type of entity specified in Section 5.2(w) (*Tax Status*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.3Project Construction; Maintenance of Properties**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Obligors shall construct and complete, operate and maintain the Project Facilities, and cause the Project Facilities to be constructed, operated and maintained, as applicable, consistent in all material respects with Prudent Industry Practice, the Material Project Agreements, the Construction Budget and Schedule, the Operating Budget, the Operating Manual, applicable Government Rules, and the other Transaction Documents, and in accordance with the requirements for maintaining the effectiveness of the material warranties of the Construction Contractors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.4Books and Records; Inspection Rights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Obligors shall make available to the Intercreditor Agent, on request, copies or extracts of books and records of the Obligors:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)when a Loan Facility Event of Default has occurred and is Continuing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)otherwise up to two times (which shall be reasonably spaced within the applicable period) per calendar year during normal business hours upon 30 days' advance notice,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)subject to the confidentiality arrangements pursuant to Section 12.6 (*Confidentiality*) of the Common Security and Account Agreement and Section 23.7 (*Confidentiality*) below.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Obligors shall not, without the prior consent of the Intercreditor Agent (not to be unreasonably withheld, conditioned or delayed), change the end date of their fiscal years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The Obligors shall keep proper books and records in accordance with GAAP in all material respects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.5Material Project Agreements**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Each Obligor shall maintain in effect all Material Project Agreements (other than Real Property Documents) that have been entered into and to which it is a party except:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)to the extent a Material Project Agreement is permitted to expire, be terminated or replaced under the Finance Documents, expires or is replaced in accordance with its terms, or in the case of the VGC Nameplate LNG SPA and the VGC Nameplate LNG SPA Guaranty, is terminated upon the Borrower's entry into one or more new 1.30x Sizing LNG SPAs with third parties and/or one or more amendments to upsize the quantity under one or more existing 1.30x Sizing LNG SPAs (other than LNG SPAs with an Affiliate of the Borrower) in accordance with Section 12.5(g)(i)(C) (*Material Project Agreements*) and the definition of VGC Nameplate LNG SPA Replacement Conditions; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)to the extent provided under Section 8.1 (*LNG SPA Maintenance*) and Section 8.2 (*LNG SPA Mandatory Prepayment*) in relation to Required LNG SPAs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Each Obligor shall comply with its contractual obligations, and, subject to Section 12.5(e) (*Material Project Agreements*) below, enforce against Material Project Counterparties its rights and their covenants and obligations, under the Material Project Agreements (other than Real Property Documents) then in effect to which it is a party, except, in each case, to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)No Obligor shall agree to any amendment or modification of, or waiver relating to, any Material Project Agreement (other than Real Property Documents) to which it is a party that could reasonably be expected to have a Material Adverse Effect or would materially breach the terms of the Finance Documents; *provided* that, amendments or modifications to LNG SPAs as permitted under Section 8.3 (*Amendment of LNG SPAs*) shall in any case be permitted; *provided further* that Change Orders as permitted under Section 9.1 (*Change Orders*) shall in any case be permitted.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Other than with respect to Real Property Documents, no Obligor shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)assign or transfer any interest under any Material Project Agreement without the prior written consent of the Intercreditor Agent acting on the instructions of the Requisite Intercreditor Parties; except:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)for assignments and transfers contemplated in connection with the Common Security and Account Agreement and other Security Documents; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)any assignment or transfer of any interest under any Material Project Agreement of (x) any assignment or transfer between the Borrower and any Guarantor, or (y) any assignment or transfer between the Guarantors; *provided* that, (1) the assignee Obligor has certified to the Intercreditor Agent that all Permits necessary for the execution, delivery and performance of the assigned Material Project Agreement in light of the current stage of construction and Development have been duly obtained, were validly issued and are in full force and effect and that the assignee Obligor is able to perform all obligations of the assignor Obligor under the Material Project Agreement in compliance with the requirements of such Material Project Agreement and applicable law, (2) the assignor and assignee Obligors have certified to the Intercreditor Agent that no default or event of default will arise from the assignment of such Material Project Agreement under the assigned Material Project Agreement and (3) the assignor Obligor shall, following such assignment, use commercially reasonable efforts to assign to the assignee Obligor all of performance security under such Material Project Agreement issued in favor of the assignor Obligor at the time of such assignment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)consent to any counterparty assigning or transferring any interest under any Material Project Agreement, if such Obligor has consent rights under such Material Project Agreement, without the prior written consent of the Intercreditor Agent acting on the instructions of the Requisite Intercreditor Parties (not to be unreasonably withheld, conditioned or delayed); except:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)if such assignment or transfer could not reasonably be expected to have a Material Adverse Effect;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)for assignments and transfers permitted or contemplated in the Common Security and Account Agreement, Direct Agreements or other Security Documents; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)for assignments and transfers of any interest under any Material Project Agreement of credit support provided by one or more Affiliates of the Borrower and the Guarantors to the extent permitted by such Material Project Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)permit any Material Project Counterparty to substitute, materially diminish or otherwise replace any performance security, letter of credit or guarantee supporting such Material Project Counterparty's obligations thereunder (including, for the avoidance of doubt, any replacement of any Parent Guarantee), except (A) to the extent that such Material Project Counterparty is permitted to do so without the consent of the Borrower or any Guarantor, as applicable, under the terms of such Material Project Agreement or (B) if such substitution or replacement is beneficial or not less favorable for the Obligors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)No Obligor shall initiate or settle arbitration or disputes if such settlement could reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)The applicable Obligor promptly shall provide the Intercreditor Agent with copies or ensure that copies are provided (with any commercially sensitive material redacted) of any material amendments to, or material waivers relating to, the Material Project Agreements that are permitted under the Finance Documents or that have otherwise been entered into with the consent of the Intercreditor Agent acting on the instructions of the Requisite Intercreditor Parties (not to be unreasonably withheld, conditioned or delayed).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)The Obligors shall not enter into any new Material Project Agreement or any Subsequent Material Project Agreements (other than Real Property Documents) without the prior written consent of the Intercreditor Agent acting on the instructions of the Requisite Intercreditor Parties (not to be unreasonably withheld, conditioned or delayed); *provided* that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Obligors may enter into a Replacement Material Contract without the prior written consent of the Intercreditor Agent or any Facility Lender, if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)in the case of a termination of any Material Project Agreement (other than an LNG SPA), the Obligors (A) shall have entered into a Replacement Material Contract

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within 60 days (as such period may be extended an additional 30 days provided the Obligors are proceeding with diligence to replace such terminated Material Project Agreement) after such termination and (B) shall have caused such Replacement Material Contract to become subject to the Liens granted under the Security Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)in the case of any termination of a Required LNG SPA, the Borrower (A) shall have entered into a Replacement Material Contract within 180 days (as such period may be extended an additional 90 days provided the Obligors are proceeding with diligence to replace such terminated Material Project Agreement) after the date of such termination and (B) shall have caused such Replacement Material Contract to become subject to the Liens granted under the Security Documents to the same extent as the Required LNG SPA that was terminated, and in each case, the termination of such Required LNG SPA could not reasonably be expected to result in a Material Adverse Effect; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)such Replacement Material Contract is one or more new 1.30x Sizing LNG SPAs with third parties and/or one or more amendments to upsize the quantity under one or more existing 1.30x Sizing LNG SPAs (other than LNG SPAs with an Affiliate of the Borrower), in each case which meets the requirements of the definition of VGC Nameplate LNG SPA Replacement Conditions and is in substitution of the VGC Nameplate LNG SPA or meets the requirements in clause (b) of the definition of Debt Commitment Sizing Conditions and is in substitution of the [\*\*\*]LNG SPA, and, in each case, in the case of an amendment to upsize the quantity under one or more existing 1.3x Sizing LNG SPAs, satisfies the requirements of Section 8.3 (*Amendment of LNG SPAs*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)except for gas supply contracts that constitute Material Project Agreements, the Obligors may enter into new gas supply contracts (copies of which shall be delivered to the Intercreditor Agent) without the prior written consent of the Intercreditor Agent in accordance with Section 12.27 (*Gas Supply Arrangements*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the Borrower may enter into new LNG SPAs in accordance with Section 12.5(k) (*Material Project Agreements*);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)the Borrower may enter into the BHES LTSA on terms (A) substantially similar to the form or (B) not materially less favorable, in the aggregate, than the form of, in each case, that certain Long-Term Service Agreement, dated as of December 12, 2024 (as amended, amended and restated, supplemented or otherwise modified from time to time), by and between BHES and Venture Global Plaquemines LNG, LLC without the prior written consent of the Intercreditor Agent or any Facility Lender; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)the Borrower may enter into the UOP TASA on terms (A) substantially similar to the form or (B) not materially less favorable, in the aggregate, than the form of, in each case, that certain Technical Advisor Services Agreement, dated as of April 6, 2022, between UOP and Venture Global Plaquemines LNG, LLC without the prior written consent of the Intercreditor Agent or any Facility Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)In connection with any new Material Project Agreement and any Subsequent Material Project Agreement (other than Real Property Documents), the applicable Obligor shall deliver the following documents to the Intercreditor Agent, within 30 days following execution of such new Material Project Agreement or any Subsequent Material Project Agreement (with a form of such document to be delivered prior to execution of such new Material Project Agreement or any Subsequent Material Project Agreement):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)each Security Document, if any, necessary to grant the Collateral Agent a first priority perfected Lien in such new Material Project Agreement or such Subsequent Material Project Agreement (subject only to Permitted Liens);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)evidence of the authorization of the applicable Obligor to execute, deliver and perform such new Material Project Agreement or such Subsequent Material Project Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)a certificate of the Borrower certifying that all Permits necessary for the execution, delivery and performance of such new Material Project Agreement or such Subsequent Material Project Agreement have been duly obtained, were validly issued and are in full force and effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)if such new Material Project Agreement or Subsequent Material Project Agreement is (v) the [\*\*\*] LNG SPA, (w) a Required LNG SPA relating to a Permitted Approved Expansion for which the Borrower has incurred Permitted Approved Expansion Debt, (x) a Required LNG SPA relating to the Phase 1 Project Facilities and/or

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the Phase 2 LNG Facility (including any 1.30x Sizing LNG SPAs (and any related parent guarantee) in substitution of the VGC Nameplate LNG SPA and VGC Nameplate LNG SPA Guaranty or the [\*\*\*] LNG SPA), (y) an LNG SPA with an Affiliate of the Borrower or (z) a replacement of an existing Material Project Agreement for which an opinion of the type described in this clause (iv) was delivered, an opinion of counsel to the applicable Obligor and, if a Direct Agreement is required to be obtained from such counterparty pursuant to Section 3.4 (*Direct Agreements*) of the Common Security and Account Agreement applying the effort standard set forth in Section 3.4 (*Direct Agreements*) of the Common Security and Account Agreement to obtaining such opinion as is applicable to obtaining the related Direct Agreement, an opinion of counsel to the counterparty to such new Material Project Agreement or such Subsequent Material Project Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)if such new Material Project Agreement or Subsequent Material Project Agreement is (v) the [\*\*\*] LNG SPA, (w) a Required LNG SPA relating to a Permitted Approved Expansion for which the Borrower has incurred Permitted Approved Expansion Debt, (x) a Required LNG SPA relating to the Phase 1 Project Facilities and/or the Phase 2 LNG Facility (including any 1.30x Sizing LNG SPAs (and any related parent guarantee) in substitution of the VGC Nameplate LNG SPA and VGC Nameplate LNG SPA Guaranty or the [\*\*\*] LNG SPA), (y) an LNG SPA with an Affiliate of the Borrower or (z) a replacement of an existing Material Project Agreement for which a Direct Agreement of the type described in this clause (v) was delivered, a Direct Agreement in respect of such new Material Project Agreement or such Subsequent Material Project Agreement, but only to the extent such Direct Agreement is required pursuant to Section 3.4 (*Direct Agreements*) of the Common Security and Account Agreement for an equivalent Material Project Agreement. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Each Obligor shall maintain, preserve and protect, or make contractual or other provisions to cause to be maintained, preserved and protected, all of the real property interests evidenced by the Real Property Documents except (x) to the extent such Real Property Document is permitted to expire, be terminated or replaced under the Finance Documents or expires or terminates pursuant to its terms and is replaced with substantially equivalent real property interests to the extent necessary for the Development at such time or (y) where failure to do so could not reasonably be expected to have a Material Adverse Effect.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)The prior written consent of the Intercreditor Agent (acting on the instruction of the Requisite Intercreditor Parties (not to be unreasonably withheld, conditioned or delayed)) shall be required in connection with the execution by an Obligor of a document evidencing a real property interest if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)such real property interest replaces (or is substituted for) a real property interest in a then-existing Real Property Document and such replaced real property interest is necessary at such time for the Development; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)if such real property interest does not replace (or is not substituted for) a real property interest in a then-existing Real Property Document, such real property interest:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)is, at such time, necessary for the Development;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)is required to be included in a mortgage pursuant to requirements of Section 3.2(e)(ii) (*Security Interests to be Granted by the Obligors – Real Property*) of the Common Security and Account Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)is evidenced by a Real Property Document which by its terms imposes upon an Obligor obligations or liabilities with an aggregate value in excess of $100 million over its term and is for a term of greater than seven years;

*provided* that, in the case of each of clauses (i) and (ii) above, that no such consent shall be required if the applicable real property interest is being acquired in order to comply with (x) the requirements of any Permit or applicable Government Rules, (y) obligations of any Obligor pursuant to a Material Project Agreement or (z) Prudent Industry Practice pertaining to safety or security measures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)The Borrower shall not enter into any LNG SPA or any shipping arrangements relating to LNG SPAs on a DPU or delivery ex-ship/delivered-at-terminal basis, in each case, except as permitted by Section 8.1(a) (*LNG SPA Maintenance*), Section 8.4 (*Sale of Supplemental Quantity*), Section 8.5 (*Sale of Pre-Completion Quantities*), and Section 12.5(g)(i)(B) (*Material Project Agreements*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)The Borrower shall not permit delivered basis LNG SPAs (excluding any LNG SPAs related to the sale of Pre-Completion Quantities), in the aggregate, to exceed, with respect to the Phase 1 LNG Facility and Phase 2

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LNG Facility in the aggregate, [\*\*\*] MTPA (the "*Delivered Basis Capacity Limitation*").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)Notwithstanding anything to the contrary in this Agreement, the Borrower shall be permitted to enter into (i) new agreements that are not Material Project Agreements and (ii) Material Project Agreements relating to Permitted Development Expenditures subject, in each case, to the terms and conditions relating thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.6Compliance with Law**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Obligors shall comply in all material respects with all material applicable Government Rules (excluding tax laws as to which Section 12.13 (*Taxes*) is applicable and Environmental Laws as to which Section 12.7 (*Environmental Compliance*) is applicable).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)No Obligor shall Knowingly engage in any activity that violates any Anti-Terrorism and Money Laundering Law or OFAC Law to the extent applicable to such entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The Obligors will not, and will require that their respective Affiliates, directors and officers shall not, directly or, to the Obligors' Knowledge, indirectly, use the proceeds of the Loans, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other Person:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)in furtherance of an offer, payment, promise to pay or authorization of the payment or giving of money or anything else of value, to any Person in violation of any Anti-Terrorism and Money Laundering Laws, Applicable Anti-Corruption Laws or Sanctions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)to fund any activities or business of or with any Sanctioned Person, or in any country, territory, or region, that, at the time of such funding, is, or whose government is, the target of Sanctions administered OFAC or by the US Department of State, the European Union or His Majesty's Treasury, (as of the date of this Agreement, Cuba, Iran, North Korea, Syria, the Crimea region of Ukraine, the so-called Donetsk People's Republic and the so-called Luhansk People's Republic, and the non-government controlled areas of Ukraine in the oblasts of Zaporizhzhia and Kherson); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)in any other manner that would result in a violation of any Anti-Terrorism and Money Laundering Laws, Applicable Anti-Corruption Laws or Sanctions administered by the United States, including by OFAC or by the US Department of State, the

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European Union, any EU Member State or His Majesty's Treasury of the United Kingdom, by any Person (including any Person participating in the Loans, whether as Facility Lender, Intercreditor Agent, or otherwise).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)The Borrower agrees that if it becomes aware of or receives any notice that an Obligor, any Affiliate or any Person holding a legal or beneficial interest therein (whether directly or indirectly) is a Sanctioned Person (a "*Sanctions Violation*"), the Borrower shall promptly:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)give notice to the Intercreditor Agent of such Sanctions Violation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)comply with all applicable laws governing such Sanctions with respect to such Sanctions Violation (regardless of whether the Sanctioned Person is located within the jurisdiction of the United States).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)The Borrower authorizes and consents to the Intercreditor Agent and each Senior Creditor Group Representative taking any and all steps such parties deem necessary to comply with all applicable laws governing such Sanctions with respect to any such Sanctions Violation, including the "freezing" or "blocking" of assets and reporting such action to the applicable regulatory authorities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.7Environmental Compliance**

The Obligors shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)comply in all material respects with applicable Environmental Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)provide to the Intercreditor Agent (with a copy to each Facility Agent) (i) as promptly as practicable following the Initial Closing Date, the initial version(s) of an "Environmental and Social Management Plan" and (if applicable) "Equator Principles Action Plan" with respect to the Borrower's material compliance with Equator Principles to the extent applicable to the Borrower, in each case, developed with the reasonable cooperation of the Independent Engineer, and thereafter (but no more frequently than semi-annually), any updates thereto, and (ii) on an annual basis for each fiscal year following the Initial Closing Date, a certification that the Borrower is in compliance in all material respects with any requirements of the Environmental and Social Management Plan and Equator Principles (including reporting requirements with respect to greenhouse gas emissions);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)not Release, and use commercially reasonable efforts not to permit the Release by its Construction Contractors or agents of, any Hazardous Materials at, on, under or from the Project Facilities or the Phase 3A LNG Facility or any Real Estate on which any Project Facilities or the Phase 3A LNG Facility are situated in quantities or concentrations that could reasonably be expected to result in a Material Adverse Effect; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)following the receipt of any material Environmental Claim or notice of any material noncompliance with any Environmental Law, prepare a report detailing the facts underlying the claim or noncompliance and an action plan for responding to the claim or the noncompliance consistent with Prudent Industry Practice and provide such report and plan to the Independent Engineer and the Intercreditor Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.8Permits**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Obligors shall obtain by the time they are required, maintain in full force and effect, and comply in all material respects with all applicable material Permits set forth on Schedule F (*Material Permits*) (excluding Export Authorizations, as to which Section 12.9 (*Export Authorizations*) is applicable, and the FERC Order, as to which Section 12.10 (*FERC Order*) is applicable).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Obligors shall not amend or modify a material Permit set forth on Schedule F (*Material Permits*) or any conditions thereof (excluding Export Authorizations, as to which Section 12.9 (*Export Authorizations*) is applicable, and the FERC Order, as to which Section 12.10 (*FERC Order*) is applicable); *provided* that, the Obligors may amend or modify such Permits and any conditions thereof so long as such amendment or modification could not reasonably be expected to have a Material Adverse Effect or result in an Impairment of such Permit and such amendment or modification is not materially more restrictive or onerous on the applicable Obligor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.9Export Authorizations**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Obligors shall use all reasonable efforts to maintain in full force and effect and will comply in all material respects with both the FTA Authorization and the Non-FTA Authorization.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)If an Export Authorization is Impaired, the Obligors shall use all reasonable efforts to promptly and diligently take reasonable steps to reverse such Impairment.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.10FERC Order**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)From and after the Initial Closing Date, the Obligors shall maintain in full force and effect and comply in all material respects with the FERC Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Obligors shall not propose to amend or modify the FERC Order or any conditions of the FERC Order; *provided* that, the Obligors may propose to amend or modify the FERC Order and any conditions thereof so long as such amendment or modification could not reasonably be expected to have a Material Adverse Effect and such amendment or modification is not materially more restrictive or onerous on the applicable Obligor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.11Witnessing Performance Tests and Lenders' Reliability Tests; Settlement of Liquidated Damages**

The Intercreditor Agent, each Senior Creditor Group Representative and the Independent Engineer shall have the right to witness and verify each Performance Test, the Phase 1 Lenders' Reliability Test and the Lenders' Reliability Test, and no Obligor shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)permit a Performance Test under the EPC Contracts, any Phase 1 Procurement, Supply and Construction Contracts described in clauses (a) through (c) of the definition thereof or the Phase 2 Procurement, Supply and Construction Contract described in clause (a) of the definition thereof, Phase 1 Lenders' Reliability Test or Lenders' Reliability Test to be performed without giving the Intercreditor Agent at least three Business Days' prior notice thereof (or such shorter period agreed by the Independent Engineer); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)agree in a dispute with any Construction Contractor with respect to the amount of any Performance Liquidated Damages or Delay Liquidated Damages, or to a settlement with respect to such damages, in excess of $30 million without prior approval of the Intercreditor Agent, acting reasonably and in consultation with the Independent Engineer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.12Inspection Rights**

The Obligors shall grant access to the Site to the Consultants and designated representatives of Facility Lenders at the times and in the manner described in Section 13.3 (*Access*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.13Taxes**

Each Obligor shall pay or cause to be paid all material Taxes (if any) imposed on or in respect of such Obligor or its property by any Governmental Authority, when due, giving effect to any applicable extensions, unless these are being

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contested in good faith and by appropriate proceedings and an appropriate reserve has been established in respect thereof in accordance with GAAP. Each Obligor shall notify the Intercreditor Agent of any material dispute with the relevant tax authorities. Each Obligor will promptly pay or cause to be paid any valid, final judgment rendered upon the conclusion of the relevant proceeding, if any, enforcing such Tax and cause it to be satisfied of record.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.14Limitation on Indebtedness**

The Obligors shall not incur Indebtedness other than the following (with any baskets measured in the aggregate among all the Obligors):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Senior Debt, including any reborrowing of any Working Capital Debt in accordance with its terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Replacement Debt or other Indebtedness expressly contemplated by a Material Project Agreement (including guarantees permitted by Section 12.15 (*Guarantees*));

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)[reserved];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)subject to satisfaction of the conditions set forth in Section 6.5 (*Permitted Approved Expansion Debt*), Permitted Approved Expansion Debt;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Permitted Additional Working Capital Debt;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Subordinated Debt in an amount not to exceed $675 million in the aggregate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)intercompany Indebtedness between or among the Obligors, all of which shall be Subordinated Debt;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)Indebtedness incurred under Permitted Hedging Instruments not covered under clause (a) above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)subject to satisfaction of the applicable conditions set forth in Section 6.6 (*Supplemental Debt*), Permitted Relevering Debt;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)subject to satisfaction of the applicable conditions set forth in Section 6.6 (*Supplemental Debt*), Permitted Completion Senior Debt;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)subject to satisfaction of the applicable conditions set forth in Section 6.6 (*Supplemental Debt*), PDE Senior Debt;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)Indebtedness in respect of any bankers' acceptances, letters of credit, warehouse receipts or similar facilities, in each case, incurred in the ordinary course of business;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)purchase money Indebtedness and capital leases or guarantees of the same, in a principal amount not exceeding $100 million in the aggregate to finance the purchase or lease of assets for the Development other than those financed with the proceeds of Senior Debt; *provided* that, if such obligations are secured, they are secured only by Liens upon the assets being financed or the proceeds of such assets; 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)any other unsecured Indebtedness incurred after the Project Phase 1 Completion Date in an aggregate amount outstanding at any one time not to exceed $200 million for general corporate purposes (including, for the avoidance of doubt, to reduce the principal amount relating to any revolving loans under a Senior Debt Instrument to $0 as and when required under the terms of such Senior Debt Instrument);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)to the extent constituting Indebtedness, indebtedness arising from honoring by a bank or other financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course or other cash management services in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)Indebtedness in respect of netting services, overdraft protections and otherwise in connection with deposit accounts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)contingent liabilities incurred in the ordinary course of business, including the acquisition or sale of goods, services, supplies or merchandise in the normal course of business, the endorsement of negotiable instruments received in the normal course of business and indemnities provided under any of the Transaction Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)to the extent constituting Indebtedness, obligations in respect of performance bonds, bid bonds, appeal bonds, surety bonds, indemnification obligations, obligations to pay insurance premiums, take-or-pay obligations contained in supply agreements and similar obligations incurred in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s)trade debt, trade accounts, purchase money obligations or other similar Indebtedness incurred in the ordinary course of business, which:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)is not more than 90 days past due; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)is being contested in good faith and by appropriate proceedings;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t)Indebtedness consisting of the financing of insurance premiums in customary amounts consistent with the operations and business of the Obligors in the ordinary course of business;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u)operating leases that are re-categorized as Capital Leases as a result of ASC 842;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)subject to satisfaction of the applicable conditions set forth in Section 6.6 (*Supplemental Debt*), Restoration Debt; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w)other Indebtedness incurred with the consent of the Intercreditor Agent acting on the instructions of the Requisite Intercreditor Parties, together with any refinancing thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.15Guarantees**

No Obligor shall guarantee the obligations of others (other than the other Obligors) except for guarantees expressly contemplated by a Finance Document, a Material Project Agreement or a material Permit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.16Limitation on Liens**

The Obligors shall not assume, incur, permit or suffer to exist any Lien on any of its assets, whether now owned or hereafter acquired, except for Permitted Liens.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.17Sale of Project Property**

No Obligor shall sell, lease or otherwise dispose of Project Property, in one transaction or a series of transactions, in excess of $100 million per year without the consent of the Intercreditor Agent and no Obligor shall sell, lease or otherwise dispose of the CP Express Pipeline, except in each case that no consent of the Intercreditor Agent shall be required for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)dispositions in compliance with any applicable court or governmental order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)dispositions of obsolete, superfluous or replaced assets, or assets that are not, or cease to be, necessary for the construction and operation of the Project Facilities substantially in the manner contemplated in this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)sales or other dispositions of LNG in accordance with any LNG SPAs as permitted under the Finance Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)sales of Gas in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)sales, transfers or other dispositions of Authorized Investments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Restricted Payments made in accordance with the Finance Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)liquefaction and other services in the ordinary course of business;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)settlement, release, waiver or surrender of contract, tort or other claims in the ordinary course of business or a grant of a Lien not prohibited by the Finance Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the transfer or novation of Permitted Hedging Instruments in accordance with the Finance Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)conveyance of gas interconnection or metering facilities to gas transmission companies and conveyance of electricity substations to electricity providers pursuant to its electricity purchase arrangements for operating the Project Facilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)dispositions of other Project Property if an Obligor replaces such Project Property within 270 days following such disposition or has obtained a commitment to replace such Project Property and replaces such Project Property within 270 days following such disposition;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)dispositions of assets from the Borrower to either Guarantor, from either Guarantor to the Borrower, or from either Guarantor to the other Guarantor; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)subject to Section 7.5 (*External Expansions*), a Permitted CFCo Contribution.

Proceeds of any such disposition by the Borrower pursuant to this Section 12.17 (*Sale of Project Property*) shall be deposited (x) with respect to the Phase 1 LNG Facility prior to the Project Phase 1 Completion Date and (y) with respect to the Phase 2 LNG Facility prior to the Project Phase 2 Completion Date, in each case, in the Pre-Completion Revenues Account and thereafter the Revenue Account, as applicable; *provided* that, proceeds of any disposition of assets requiring mandatory prepayment under Section 3.4 (*Mandatory Prepayments*) shall be deposited into the Additional Proceeds Prepayment Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.18Merger, Division, Liquidation and Sale of All Assets**

No Obligor shall liquidate itself, enter into any merger or division or sell or otherwise transfer all or substantially all its assets to any Person or any series of any Obligor (including by operation of law), except to any series of Obligor who agrees in writing to become an Obligor hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.19Limitation on Investments and Loans**

No Obligor shall make any investments, loans or advances to any Person other than:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Authorized Investments;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)by way of trade credit in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)as specifically contemplated under the Finance Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)as expressly contemplated by the terms of the Material Project Agreements then in effect to which it is a party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)surety and performance bonds and workers' compensation, utility, lease, tax, performance and similar deposits, advance payments in the ordinary course of business on usual commercial terms and prepaid expenses in the ordinary course of business, including cash deposits incurred in connection with natural gas purchases;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)to the extent constituting an investment, loan or advance, activities in respect of the Project Phase 3A Development, the Project Phase 3B Development or any Permitted Internal Expansion permitted under Section 7.2 (*Expansion Contracts*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)investments pursuant to Permitted Hedging Instruments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)investments, loans or advances among and between the Obligors; *provided* that, amounts owing thereunder are Subordinated Debt;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)loans from either the Borrower or any Guarantor to Pledgor, the Sponsor or their respective Affiliates (other than any Guarantor or Borrower), but only to the extent that such loans are made with cash available to the Borrower to make a Restricted Payment and after meeting the test to make Restricted Payments under Section 11.1 (*Conditions to Restricted Payments*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)Investments by the Borrower in any Guarantor (either directly or through the Pledgor) and/or Investments by any Guarantor in the Borrower or any other Guarantor (either directly or through the Pledgor); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)subject to Section 7.5 (*External Expansions*), a Permitted CFCo Contribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.20Nature of Business**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Obligors shall not (i) change the limited nature of their business in any material respect from that contemplated by the Common Terms Agreement and the Common Security and Account Agreement in the form existing on the Initial Closing Date or (ii) engage in retail sales of natural gas in such a manner and to such an extent so as to cause either Obligor to become subject to regulation as a "gas utility" under the Louisiana Government Rules. In the event either Obligor engages in retail sales of natural gas in a manner that would cause it to become a "holding

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company" or a "subsidiary company" of a "holding company" (each as defined under PUHCA), it shall (A) comply in all material respects with all applicable provisions of PUHCA and (B) use commercially reasonable efforts to obtain an exemption from regulation under PUHCA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Borrower shall not permit to exist any Subsidiary of the Borrower, except the Borrower may form a new subsidiary that is a CFCo in accordance with Section 7.5 (*External Expansions*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)No Guarantor shall permit to exist any Subsidiary of such Guarantor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.21Transactions with Affiliates**

No Obligor shall directly or indirectly enter into any transaction or agreement with or for the benefit of an Affiliate (including guarantees and assumptions of obligations of an Affiliate) in relation to the Development in excess of $50,000,000, except:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)agreements that are Material Project Agreements or required or contemplated by any Material Project Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)any other agreement relating to the Development entered into prior to the Upsize Closing Date that is disclosed on Schedule J (*Transactions With Affiliates*) hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)to the extent required by applicable law or regulation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)transactions or agreements entered into on fair and commercially reasonable terms (from the perspective of the relevant Obligor) that (i) could not reasonably be expected to cause a Material Adverse Effect and (ii) are not materially less favorable in the aggregate to such Obligor than such Obligor would obtain in a comparable agreement with independent parties acting at arm's length (or, if there is no comparable arm's-length transaction, then on terms reasonably determined by the member of the Borrower to be fair and reasonable);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Subordinated Debt provided to any Obligor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)any officer or director indemnification agreement or any similar arrangement entered into by an Obligor in the ordinary course of business and payments pursuant thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)investments permitted under clauses (h) through (j) of Section 12.19 (*Limitation on Investments and Loans*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)any sale by an Obligor to Affiliates of Supplemental Quantities or Excess Capacity Quantities of LNG, including pursuant to the Phase 1 Excess

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Capacity LNG SPA, the Phase 2 Excess Capacity LNG SPA and any other LNG SPAs or replacements thereof in respect of all or any portion of the Excess Capacity Quantity;

*provided* that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)this covenant shall not apply to (A) transactions between or among the Obligors, (B) any issuance of equity interests of any Obligor to its direct parent and (C) Permitted Payments; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)any such agreement that constitutes a Subsequent Material Project Agreement shall be subject to the terms of Section 12.5 (*Material Project Agreements*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.22Hedging Arrangements**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)No Obligor shall enter into Hedging Instruments other than Permitted Hedging Instruments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Borrower shall enter into and thereafter maintain in full force and effect, from time to time, one or more interest rate Permitted Hedging Instruments:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)no later than 45 days following the Upsize Closing Date, with respect to no less than 50%, but no more than 105% (calculated on a weighted average basis) of the projected aggregate outstanding balance of the Senior Debt projected to be outstanding (as determined by the Borrower in accordance with the Base Case Forecast) until the latest payment date occurring at the expiration of the 20-year notional amortization period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)no later than 45 days following the Upsize Closing Date, with respect to no less than 75%, but no more than 105% (calculated on a weighted average basis) of the projected aggregate outstanding balance of the Senior Debt projected to be outstanding (as determined by the Borrower in accordance with the Base Case Forecast) until the Maturity Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)*provided* that, for purposes of calculating such percentage in the foregoing sub-clauses (i) and (ii) above, (w) the principal balance of the Working Capital Facility and/or Working Capital Debt shall be excluded, (x) any obligations incurred under the Permitted Senior Debt Hedging Instruments shall be excluded, and (y) any such Senior Debt which bears a fixed interest rate shall be deemed subject to a Permitted Hedging Instrument.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)If, due to a mandatory prepayment made in accordance with Section 3.4 (*Mandatory Prepayments*), a voluntary prepayment made in accordance with Section 3.5 (*Voluntary Prepayments*) or otherwise, the aggregate notional amount of the Permitted Hedging Instruments (which, for the avoidance of doubt, shall only include Permitted Hedging Instruments that are Interest Rate Hedging Instruments) on any Quarterly Payment Date is greater than 105% (or, if 105% hedging is not permitted by applicable law, 100%) (in each case, calculated on a weighted average basis) of the projected aggregate outstanding balance of the Senior Debt, within 45 days, the Borrower shall reduce the amount that is hedged under the Permitted Hedging Instruments (in the proportion allocated to each Permitted Hedging Instrument as may be determined by the Borrower as long as the Borrower has used commercially reasonable efforts to allocate the reduction *pro rata* among each Permitted Hedging Instrument, after taking into account any back-to-back or offsetting arrangements related thereto) such that the aggregate notional amount of the Permitted Hedging Instruments is not more than 105% (or, if 105% hedging is not permitted by applicable law, 100%) (in each case, calculated on a weighted average basis) of the projected aggregate outstanding balance of the Senior Debt on such Quarterly Payment Date (any such amount of the Permitted Hedging Instruments that is required to be so reduced, a "*Hedging Excess Amount*").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.23Accounts**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)No Obligor shall maintain any accounts in contravention of Article 4 (*Cash Flow and Accounts*) of the Common Security and Account Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)(i) All revenues of the Obligors shall be deposited in accordance with the Common Security and Account Agreement and (ii) the Obligors shall direct third parties to deposit all amounts required to be paid to the Obligors in accordance with the Common Security and Account Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.24Separateness**

Each Obligor shall at all times:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)observe all applicable entity procedures necessary to maintain its separate existence and formalities, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)maintaining minutes or records of meetings of the members and/or managers of the Obligor;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)acting on behalf of itself only pursuant to due authorization of the members and/or managers, including, when applicable, any independent managers or members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)conducting its own business in its own name and through authorized agents pursuant to its Constitutional Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)allocate fairly and reasonably any shared expenses, including overhead for shared office space or common employees (if any);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)use separate stationery, invoices and checks bearing its own name;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)prepare and maintain its own full and complete books, accounting records (including books of account and payroll, if any) and other documents and records, in each case which are separate and apart from the books, accounting records and other documents and records of the Sponsor or any Affiliate thereof (other than any other Obligor);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)maintain separate bank accounts in its own name or otherwise pursuant to the Finance Documents and make all investments by or on behalf of an Obligor solely in its name except as otherwise provided by the Finance Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)separate its property and not allow funds or other assets to be commingled with the funds and other assets of, held by, or registered in the name of the Sponsor or any Affiliate thereof (other than any other Obligor), and maintain its assets in such a manner that it is not costly or difficult to identify or ascertain such assets, all except to the extent otherwise provided by the Finance Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)not hold itself out as being liable for the debts of the Sponsor or any Affiliate thereof (other than any other Obligor) and not guarantee the debts of the Sponsor or any Affiliate thereof (other than any other Obligor) except as permitted by the Finance Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)not acquire or assume obligations or securities of, or make loans or advances to, any of its Affiliates except as required under the Finance Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)maintain separate financial statements, showing its assets and liabilities separate and apart from those of any other Person, and not have its assets listed on the balance sheet of any other Person; *provided* that, such Obligor may also report its financial statements on a consolidated or combined basis with one or more of its Affiliates in accordance with GAAP so long as appropriate notation is made on such consolidated financial statements to indicate the separateness of the Obligors from such

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Affiliate(s) and to disclose the separate nature of the Obligors' Indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)prepare and file its own tax returns separate from those of any Person except to the extent that the Obligor is treated as a "disregarded entity" for tax purposes and is not required to file tax returns under applicable law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)pay its own liabilities and expenses out of its own assets (except as provided under the Finance Documents);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)maintain adequate capitalization in light of its contemplated business and obligations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)hold itself out to third parties as a legal entity, separate and distinct and independent from any other entity, conduct its own business solely under its name and correct any known misunderstanding as to the separateness of the Obligors from any other Person; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)have and maintain Constitutional Documents which comply with the requirements of this Section 12.24 (*Separateness*),

*provided* that, no limitation in this Section 12.24 (*Separateness*) shall apply to the Obligors as among one another.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.25Historical DSCR**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Obligors shall not permit the Historical DSCR for the most recent 12-month period ending as of the end of any fiscal quarter from and following the First Tranche 2 Repayment Date to be less than 1.10:1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Notwithstanding anything in clause (a) above to the contrary, if the Historical DSCR for the most recent 12-month period ending at the end of any fiscal quarter following the First Tranche 2 Repayment Date is less than 1.10:1 but greater than 1:1, any direct or indirect owner of the Obligors shall have the right to provide cash to the Obligors not later than twenty (20) Business Days following the delivery of the calculation of such Historical DSCR in the form of equity contributions or Subordinated Debt in order to increase the Historical DSCR to 1.10:1; *provided* that, such right may not be exercised for more than two consecutive fiscal quarters nor, with respect to each Senior Debt Instrument, more than four times over the term of such Senior Debt Instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.26Auditors**

The Borrower shall engage Ernst & Young LLP and shall not replace such auditor except with another independent certified public accounting firm of recognized national standing.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.27Gas Supply Arrangements**

The Obligors shall secure and maintain sufficient gas supply arrangements consistent with Prudent Industry Practice on Market Terms (which arrangements may be under contracts of varying tenors, including under North American Energy Standards Board enabling or master gas supply agreements, may be replaced and renewed from time to time, and may be with multiple gas suppliers selected by the Borrower) in order for the Obligors to meet, as and when required, the feed gas and fuel requirements of the facilities that enable the Obligors to produce the quantities of LNG contracted to be delivered under the Required LNG SPAs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.28Insurance Covenant**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)To the extent available to the Obligors on Reasonable Commercial Terms and taking into account requirements of applicable law and regulation, the Obligors shall obtain and maintain, or cause to be obtained and maintained, at all times, the commercial insurance coverage set forth in Schedule L (*Schedule of Minimum Insurance*) hereto describing the minimum insurance required to be held by the Obligors (the "*Schedule of Minimum Insurance*"). "*Reasonable Commercial Terms*" means commercial insurance market terms which are reasonable having regard to the nature of the risk insured, the cost of maintaining insurance against that risk and the interests of the Obligors and the Secured Parties under the Finance Documents. Without prejudice to any other element, the cost of maintaining insurance alone is not a determinant of Reasonable Commercial Terms. Disputes as to whether the relevant insurance is available on Reasonable Commercial Terms, is in accordance with applicable laws or regulations or complies with the Schedule of Minimum Insurance shall be referred to an independent insurance expert from the agreed list of independent insurance experts attached as Schedule M (*Independent Insurance Experts*) hereto, as such list may be updated from time to time by mutual agreement by the Borrower and the Intercreditor Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)With respect to all Mortgaged Property located in a special flood hazard area (as defined pursuant to applicable flood insurance regulations), the Borrower will obtain and maintain at all times flood insurance for all Collateral located on such property as may be required under the Flood Program and will provide to each Facility Lender evidence of compliance with such requirements as may be reasonably requested by such Lender. The timing and process for delivery of such evidence will be as set forth in the Schedule of Minimum Insurance. If any Building (as defined in the applicable flood insurance regulations) or Manufactured (Mobile) Home (as defined in the applicable flood insurance regulations) constitutes property that is secured for the benefit of the Senior Creditors pursuant to

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a mortgage required under the Finance Documents, the Borrower shall maintain in full force and effect flood insurance for such property, structures and contents in such amount and for so long as required by applicable flood insurance regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The Borrower will provide 45 days prior written notice to the Intercreditor Agent and each Facility Agent before it commences construction of any Building (as defined in the applicable flood insurance regulations) after the Initial Closing Date and before it affixes any Manufactured (Mobile) Home (as defined in the applicable flood insurance regulations) after the Initial Closing Date to any property that is secured for the benefit of the Senior Creditors pursuant to a mortgage required under the Finance Documents and that is located in a special flood hazard area (as defined pursuant to applicable flood insurance regulations). The preceding sentence will not affect the obligations of the Borrower under Section 12.28(b) (*Insurance Covenant*) above to maintain flood insurance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)The Borrower will provide 45 days prior written notice to the Intercreditor Agent before it acquires any Real Estate that is permitted under the Finance Documents and that will be secured for the benefit of the Senior Creditors pursuant to a deed of trust required under the Finance Documents. The preceding sentence will not affect the obligations of the Borrower under Section 12.28(b) (*Insurance Covenant*) above to maintain flood insurance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.29Certain Real Property Rights; Real Property Documents; Leases**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Each Obligor shall obtain appropriate releases, consents, crossing agreements or other like acknowledgements from the holders of the rights set forth on Schedule V (Schedule of Certain Real Property Rights) to the extent necessary for the Development.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Each Obligor shall comply with its contractual obligations under each Real Property Document then in effect to which it is a party, and, subject to Section 12.5(e) (Material Project Agreements), enforce against all other Persons that are parties thereto such Obligor's rights and covenants and obligations under such Real Property Document except, in each case, to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)No Obligor shall agree to any amendment or modification of, or waiver relating to, any Real Property Document to which it is a party that could reasonably be expected to have a Material Adverse Effect or that would materially breach the terms of the Finance Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.30Margin Regulation**

No Obligor shall use any portion of the proceeds of the Loans to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or

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carrying any Margin Stock. No Obligor shall use the proceeds of the Loans in a manner that could reasonably be expected to violate or be inconsistent with the provisions of Regulation T, Regulation U or Regulation X.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.31Further Assurances**

Each of the Obligors shall take all action reasonably required to preserve the validity, perfection and priority of the Liens purported to be granted to the Collateral Agent for the benefit of the Secured Parties pursuant to the Security Documents (subject to Permitted Liens). The Borrower shall promptly perform or cause to be performed any and all acts and execute or cause to be executed any and all documents (including UCC financing statements and UCC continuation statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)as are reasonably requested by the Collateral Agent for filing under the provisions of the UCC or any other Government Rule that are necessary or reasonably advisable to maintain in favor of the Collateral Agent, for the benefit of the Secured Parties, Liens on the Collateral that are duly perfected in accordance with all applicable Government Rules for the purposes of perfecting the first priority Lien (subject to Permitted Liens) created, or purported to be created, in favor of the Collateral Agent or the Secured Parties under this Agreement or any other Finance Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)as are reasonably requested by the Collateral Agent for the purposes of ensuring the validity, enforceability and legality of this Agreement or any other Finance Document and the rights of the Secured Parties and the Collateral Agent hereunder or thereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)as are reasonably requested by the Collateral Agent for the purposes of enabling or facilitating the proper exercise of the rights and powers granted to the Secured Parties and the Collateral Agent under this Agreement or any other Finance Document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)as are reasonably requested by the Collateral Agent to carry out the intent of, and transactions contemplated by, this Agreement and the other Finance Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.32As-Built Survey**

Within 120 days after the Project Phase 2 Completion Date, Borrower shall deliver to the Intercreditor Agent an as-built survey of the Project Phase 1 Development and Project Phase 2 Development located on it in accordance with and meeting all requirements and information required for the "Survey" referred to in Section 4.1(j)(i) (*Conditions to Initial Closing Date and Initial Advance – Real Property*).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.33ERISA**

The Obligors shall not establish, maintain, contribute to or become obligated to contribute to any Pension Plan or Multiemployer Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.34Phase 1 Project Facilities Placed In Service**

The Obligors shall cause the necessary Phase 1 Project Facilities to be placed in service on or prior to the deadline for same under the FERC Order.

**13. CONSULTANTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13.1Appointment of Consultants**

The common CCRA Consultant, the common Independent Engineer, the common Insurance Advisor, the common Environmental Consultants and the common Market Consultant (the "*Consultants*"), as of the Upsize Closing Date, are listed in Schedule N (*Senior Creditors' Advisors and Consultants*) hereto. Each such Consultant shall be deemed to be retained by, and shall be solely responsible to and for the benefit of, the Facility Lenders. The Consultants may also act for the benefit of, and deliver reports to, the Indenture Trustee, Senior Noteholders, the Intercreditor Agent and/or the initial purchasers of the Senior Notes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13.2Replacement and Fees**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)In accordance with the terms of each such Consultant's engagement letter, the Borrower (with the consent of the Intercreditor Agent acting on the instructions of the Requisite Intercreditor Parties, such consent not to be unreasonably withheld, conditioned or delayed) or the Intercreditor Agent acting on the instructions of the Requisite Intercreditor Parties and, subject to clause (b) below, following good faith consultation with the Borrower, may remove from time to time any one or more of such Consultants, and the Borrower shall engage such replacements as the Intercreditor Agent, acting on the instructions of the Requisite Intercreditor Parties, may choose (with the prior consent of the Borrower, such consent not to be unreasonably withheld, conditioned or delayed). Such replacement is subject to confirmation at the time of its appointment of no conflict of interest that would prevent a replacement Consultant from acting for the Facility Lenders. The replacement of any Consultant shall not increase the annual limits referred to in clause (c) below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Notwithstanding clause (a) above, in the event that a Loan Facility Event of Default or Unmatured Loan Facility Event of Default has occurred and is Continuing that is reasonably connected to a matter on which a Consultant may be requested by the Senior Creditors or their representatives to advise, for the duration of such default, the Borrower's consent rights under such clause (a) above shall cease and the Intercreditor

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Agent, acting reasonably on the instructions of the Requisite Intercreditor Parties, shall have the right to remove any Consultant and appoint a replacement Consultant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)All fees and expenses of the Consultants (whether the original ones or replacements) shall, subject in each case to the applicable Consultant's engagement letter, be paid by the Borrower. Any reasonable fees incurred by any Consultant to provide services required under the Finance Documents but not otherwise within the scope of work under the applicable engagement letter shall be paid by the Borrower subject to certain annual limits, if any, to be specified in such engagement letter (except that such annual limits shall not apply in relation to any work (i) investigating a Loan Facility Event of Default or Unmatured Loan Facility Event of Default, or (ii) in respect of any waiver request by the Borrower, both of which instead shall be subject to reasonable work plans, budgets and compensation limits to be agreed by such Consultant in consultation with the Intercreditor Agent and advised to the Borrower). Except in such cases, the consent of the Borrower (such consent not to be unreasonably withheld, conditioned or delayed) shall be required for a Consultant to perform additional work not otherwise contemplated by the terms of the relevant engagement letter or that would otherwise cause the reasonable fees and expenses of such Consultant to exceed the annual limits set forth in the relevant engagement letter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13.3Access**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)After the Upsize Closing Date, Site visits to the Project Facilities may be conducted in accordance with clause (b) below upon reasonable prior request by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Independent Engineer and, if requested, the Facility Agent (or one alternative representative) for each Senior Creditor Group comprised of Facility Lenders, any such visits to be coordinated between the Independent Engineer and the applicable Facility Agents up to two (2) times (which shall be reasonably spaced within the applicable period) per calendar year, except to the extent additional visits are made in connection with the occurrence of a Loan Facility Event of Default or an Unmatured Loan Facility Event of Default; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)any Consultant to the extent reasonably required for such Consultant to provide any report, certificate or confirmation explicitly contemplated by the terms of the Finance Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Site visits shall be granted during normal business hours, in a manner that does not unreasonably disrupt the construction or operation of the Project

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Facilities in any respect, and subject to the confidentiality provision of Section 12.6 (*Confidentiality*) of the Common Security and Account Agreement and Section 23.7 (*Confidentiality*) below and safety arrangements and shall be at the cost and expense of the Obligors.

**14. CONDITIONS TO PROJECT PHASE 1 COMPLETION; PROJECT PHASE 1 COMPLETION DATE TRANSFERS; CONDITIONS TO PROJECT PHASE 2 COMPLETION; PROJECT PHASE 2 COMPLETION DATE WATERFALL**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14.1Conditions to Occurrence of the Project Phase 1 Completion Date**

The occurrence of the Project Phase 1 Completion Date is subject to the satisfaction of each of the following, and no other, common conditions (or waiver thereof by the Intercreditor Agent (acting on the instruction of the Requisite Intercreditor Parties)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)*Notice of Project Completion*

Receipt by the Intercreditor Agent of a duly executed and completed notice of project completion from the Borrower certifying that the conditions in this Section 14.1 (*Conditions to Occurrence of the Project Phase 1 Completion Date*) have been met.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)*Borrower Certificate*

Receipt by the Intercreditor Agent of a certificate of the Borrower certifying that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)each of the Repeated Representations of the Obligors is true and correct in all material respects, except for representations and warranties that are qualified by materiality or Material Adverse Effect, which shall be true and correct in all respects, on and as of the Project Phase 1 Completion Date as if made on and as of such date (or, if stated to have been made solely as of an earlier date, as of such earlier date);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)no Unmatured Loan Facility Event of Default or Loan Facility Event of Default has occurred and is Continuing on such date or is expected to result from the occurrence of the Project Phase 1 Completion Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)no default by an Obligor exists under any Material Project Agreement that could reasonably be expected to have a Material Adverse Effect and, to the Knowledge of each Obligor, no default by a Material Project Counterparty exists under any Material Project Agreement that could reasonably be expected to have a Material Adverse Effect;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)to the Knowledge of each Obligor, no event of force majeure (as defined in the applicable Material Project Agreement) has occurred and is Continuing under any Material Project Agreement, the consequences of which could reasonably be expected to have a Material Adverse Effect; *provided* that, in the case of any Phase 2 Material Project Agreement, any force majeure event shall be excluded from this clause (iv) so long as such force majeure event could not reasonably be expected to result in the Project Phase 2 Completion Date not occurring prior to the Phase 2 LNG Facility Date Certain; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)(i) the LNG SPAs in respect of the Phase 1 LNG Facility that are Required LNG SPAs (including guarantees or other forms of credit support required by their terms), (ii) the Gas Transportation Agreements (or Replacement Material Contract in respect thereof), (iii) the Pipeline Service Agreements (or Replacement Material Contract in respect thereof), (iv) the Service Agreements described in clauses (a) through (k) and (m) of the definition thereof (or Replacement Material Contract in respect thereof) and (v) the gas supply agreements (including guarantees or other forms of credit support required by their terms) that collectively are sufficient to enable the Borrower to meet its obligations under such Required LNG SPAs in respect of the Phase 1 LNG Facility are, in each case, in full force and effect, enforceable against the parties thereto in accordance with such contract's terms, except as limited by general principles of equity and bankruptcy, insolvency and similar laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)*Physical Completion Certificate*

Receipt by the Intercreditor Agent of a certificate from the Independent Engineer confirming:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)that Facility Substantial Completion (as such term is defined in the Phase 1 EPC Contract) has occurred pursuant to the Phase 1 EPC Contract (subject to the completion of any punch list items under the Phase 1 EPC Contract) and Mechanical Completion (as such term is defined in the Pipeline Construction Contracts described in clauses (b) and (c) of the definition thereof) has occurred pursuant to the Pipeline Construction Contracts described in clauses (b) and (c) of the definition thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the applicable performance tests under each of the Phase 1 EPC Contract and the Phase 1 Procurement, Supply and Construction Contracts described in clauses (a) through (c) and (k) of the

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definition thereof have been successfully passed in accordance with such Phase 1 Material Construction Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the Phase 1 Lenders' Reliability Test has been passed in accordance with the test criteria set out in Schedule O-1 (*Phase 1 Lenders' Reliability Test Criteria*) hereto and the "LRT Completion Certificate" contemplated thereby has been delivered to the Intercreditor Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)the Borrower's calculation of the Permitted Completion Costs with respect to the Phase 1 Project Facilities and that the Borrower has reserved an amount sufficient for the Permitted Completion Amount with respect to the Phase 1 Project Facilities; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)the Phase 1 Project Facilities are Operational.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)*Commercial Operation Date*

Receipt by the Intercreditor Agent of a duly executed certificate of the Borrower certifying that the Commercial Operation Date under each of the Required LNG SPAs with respect to the Phase 1 Project Facilities then in effect has timely occurred in accordance with such Required LNG SPA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)*Payment*

Receipt by the Collateral Agent of evidence that the Borrower shall have paid all amounts due and payable under each of the Phase 1 Material Construction Contracts other than: (i) the amounts required to complete the construction and start-up of the Phase 1 Project Facilities (in respect of which the Borrower shall have sufficient funds available to it as contemplated by clause (c)(iv) above), (ii) amounts properly withheld or retained by the Borrower in accordance with the terms and conditions of such Phase 1 Material Construction Contracts, (iii) any bonus or other amounts payable under such Phase 1 Material Construction Contracts after Final Completion of the Phase 1 Project Facilities and (iv) any disputed amount under such Phase 1 Material Construction Contracts; *provided* that, in the event that any amount under such Phase 1 Material Construction Contract is disputed by the Borrower, the Borrower shall have reserved funds in an amount determined by the Borrower acting in good faith for payment of any disputed amounts that may reasonably be expected to be determined or agreed to be payable by the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)*Title Policy Endorsement*

Receipt by the Intercreditor Agent of a Disbursement Endorsement meeting the requirements set forth in the definition thereof for the delivery

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of such endorsement on the Project Phase 1 Completion Date as of a recent date, not to exceed 30 days prior to the Project Phase 1 Completion Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)*Insurance*

Receipt by the Intercreditor Agent of a certificate from the Borrower (confirmed in writing to be reasonable by the Insurance Advisor) confirming that all insurance premium payments due and payable as of the Project Phase 1 Completion Date have been paid and that the insurance then in place relating to the Phase 1 Project Facilities is in effect and complies with the then-applicable requirements of Schedule L (*Schedule of Minimum Insurance*) hereto, and certificates of insurance, binders or other documentation evidencing such insurance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)*Permits*

Receipt by the Intercreditor Agent of evidence that all material Permits necessary for the Project Phase 1 Development (as set forth on Schedule F (*Material Permits*)) (and, in the case of any Export Authorization, such Export Authorization to the extent that it is a Required Export Authorization):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)have been obtained and are in full force and effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)are held in the name of an Obligor or such third party as set forth on Schedule F (*Material Permits*) hereto and as allowed pursuant to applicable law or regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)satisfy the Permit Appeal Qualification and all applicable fixed time periods for appeal set forth in the Government Rules pursuant to which such Permits were issued have expired or are Permits that do not have limits on appeal periods under applicable law or regulation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)are free from conditions or requirements (A) the compliance with which could reasonably be expected to have a Material Adverse Effect or (B) that the applicable Obligor does not expect to be able to satisfy on or prior to the commencement of the relevant stage of Project Phase 1 Development except to the extent that failure to so satisfy such condition or requirement could not reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)*[Reserved]*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)*[Reserved]*

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)*Lien Waivers*

Receipt by the Intercreditor Agent of: (i) copies of Lien Waivers as have then been (and only to the extent) required pursuant to each Phase 1 Material Construction Contract; (ii) to the extent applicable, copies of one or more notices of termination of work filed pursuant to the Louisiana Private Works Act in the mortgage records of Cameron Parish, Louisiana, certifying termination of the work under the Phase 1 EPC Contract, including the installation, testing and start-up of equipment supplied to the Borrower pursuant to the Phase 1 EPC Contract and the other Phase 1 Material Construction Contracts (other than those Pipeline Construction Contracts and Phase 1 Procurement, Supply and Construction Contracts referred to in clause (iii) of this Section 14.1(k) (*Conditions to Occurrence of Project Phase 1 Completion Date – Lien Waivers*)); (iii) to the extent applicable, copies of one or more notices of termination of work filed pursuant to the Louisiana Private Works Act in the mortgage records of Cameron Parish and Calcasieu Parish, Louisiana, certifying termination of the work under the Pipeline Construction Contracts and the Phase 1 Procurement, Supply and Construction Contracts; (iv) a lien certificate by the recorder of mortgages of Cameron Parish and Calcasieu Parish, Louisiana, issued after the period for filing a statement of claim or privilege under the Louisiana Private Works Act has expired and confirming that no statements of claim or privilege are of record (other than Permitted Liens) for work performed under the Phase 1 Material Construction Contracts; (v) to the extent applicable, copies of recorded releases of claims or liens recorded pursuant to Chapter 53 of the Texas Property Code in connection with or arising from work performed under the Phase 1 EPC Contract, the Pipeline Construction Contracts and/or the Phase 1 Procurement, Supply and Construction Contracts that satisfy the requirements of Section 53.152 of the Texas Property Code; (vi) to the extent applicable, copies of recorded bonds to indemnify meeting all of the requirements of Subchapter H of Chapter 53 of the Texas Property Code for any claims or liens recorded pursuant to Chapter 53 of the Texas Property Code in connection with or arising from work performed under the Phase 1 EPC Contract, the Pipeline Construction Contracts and/or the Phase 1 Procurement, Supply and Construction Contracts; (vii) to the extent applicable, copies of any recorded affidavits of completion that satisfy the requirements of Section 53.106 of the Texas Property Code that were required under the Phase 1 EPC Contract, the Pipeline Construction Contracts and/or the Phase 1 Procurement, Supply and Construction Contracts; and (viii) to the extent applicable, copies of any affidavits of all bills paid that satisfy the requirements of Section 53.085 of the Texas Property Code that were required under the Phase 1 EPC Contract, the Pipeline Construction Contracts and/or the Phase 1 Procurement, Supply and Construction Contracts.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)*Initial Operating Budget*

The Intercreditor Agent shall have received the initial Operating Budget required pursuant to Section 10.5 (*Operating Budget*) relating to the Phase 1 Project Facilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)*[Reserved]*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)*Senior Facilities Debt Service Reserve Account*

The Senior Facilities Debt Service Reserve Account shall have been funded in an amount equal to the Senior Facilities Debt Service Reserve Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)*[Reserved]*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)*Senior Debt/Equity Ratio* 

The Senior Debt/Equity Ratio shall be no greater than 75:25, as certified by the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)*Additional Material Project Agreements* 

The Intercreditor Agent shall have received copies of any Material Project Agreements and required material Permits entered into or issued after the Initial Closing Date, to the extent not previously delivered by the Borrower to the Intercreditor Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14.2Project Phase 1 Completion Date Transfers** 

On the Project Phase 1 Completion Date, (i) funds on deposit in the Contingency Reserve Account in excess of the Contingency Reserve Amount may be transferred pursuant to Section 4.5(k)(iii) (*Deposits and Withdrawals – Contingency Reserve Account*) of the Common Security and Account Agreement, (ii) funds on deposit in the Pre-Completion Revenues Account other than those relating to the Project Phase 2 Development or any Permitted Approved Expansion may be transferred pursuant to Section 4.5(b)(iii) (*Deposits and Withdrawals – Pre-Completion Revenues Account*) of the Common Security and Account Agreement, (iii) funds on deposit in the Construction Account other than those relating to the Project Phase 2 Development, Project Phase 3A Development, the Project Phase 3B Development or any Permitted Internal Expansion, up to an amount that if withdrawn, would not result in the In-Construction Sufficiency Condition not being satisfied and would not result in any reserves in respect of the Project Phase 2 Development required by the Finance Documents (including funding the Senior Facilities Debt Service Reserve Account and each Additional Debt Service Reserve Account as required by the Finance Documents on the Project Phase 2 Completion Date) being applied or transferred, may be transferred pursuant to Section 4.5(d)(v) (*Deposits and Withdrawals – Construction Account*) of the Common Security and Account Agreement, and (iv) the Pre-Completion Revenues from the Phase 1 Project Facilities held on deposit in the

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Distribution Account shall be transferred pursuant to Section 4.5(n)(iii) (*Deposits and Withdrawals – Distribution Account*) of the Common Security and Account Agreement, and in each case of clauses (i) through (iv), applied to fund the Senior Facilities Debt Service Reserve Account in an amount equal to the Senior Facilities Debt Service Reserve Amount and each Additional Debt Service Reserve Account up to the amount required by the Senior Debt Instrument governing the Senior Debt for which such Additional Debt Service Reserve Account was opened (in each case, to the extent not funded, at the option of the Borrower, with one or more Acceptable Debt Service Reserve LCs, and taking into account any Acceptable Debt Service Reserve LCs or other cash already on deposit therein).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14.3Conditions to Occurrence of the Project Phase 2 Completion Date**

The occurrence of the Project Phase 2 Completion Date is subject to the satisfaction of each of the following, and no other, common conditions (or waiver thereof by the Intercreditor Agent (acting on the instruction of the Requisite Intercreditor Parties)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)*[Reserved]*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)*Notice of Project Completion*

Receipt by the Intercreditor Agent of a duly executed and completed notice of project completion from the Borrower certifying that the conditions in this Section 14.3 (*Conditions to Occurrence of the Project Phase 2 Completion Date*) have been met.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)*Borrower Certificate*

Receipt by the Intercreditor Agent of a certificate of the Borrower certifying that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)each of the Repeated Representations of the Obligors is true and correct in all material respects, except for representations and warranties that are qualified by materiality or Material Adverse Effect, which shall be true and correct in all respects, on and as of the Project Phase 2 Completion Date as if made on and as of such date (or, if stated to have been made solely as of an earlier date, as of such earlier date);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)no Unmatured Loan Facility Event of Default or Loan Facility Event of Default has occurred and is Continuing on such date or is expected to result from the occurrence of the Project Phase 2 Completion Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)no default by an Obligor exists under any Material Project Agreement that could reasonably be expected to have a Material Adverse Effect and, to the Knowledge of each Obligor, no default

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by a Material Project Counterparty exists under any Material Project Agreement that could reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)to the Knowledge of each Obligor, no event of force majeure (as defined in the applicable Material Project Agreement) has occurred and is Continuing under any Material Project Agreement, the consequences of which could reasonably be expected to have a Material Adverse Effect; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)(i) the LNG SPAs in respect of the Phase 1 LNG Facility and the Phase 2 LNG Facility that are Required LNG SPAs (including guarantees or other forms of credit support required by their terms), (ii) the Gas Transportation Agreements (or Replacement Material Contract in respect thereof), (iii) the Pipeline Service Agreements (or Replacement Material Contract in respect thereof), (iv) the Service Agreements described in clauses (a) through (k) and (m) of the definition thereof (or, in each case, Replacement Material Contract in respect thereof) and (v) the gas supply agreements (including guarantees or other forms of credit support required by their terms) that collectively are sufficient to enable the Borrower to meet its obligations under such Required LNG SPAs in respect of the Phase 1 LNG Facility and the Phase 2 LNG Facility are, in each case, in full force and effect, enforceable against the parties thereto in accordance with such contract's terms, except as limited by general principles of equity and bankruptcy, insolvency and similar laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)*Physical Completion Certificate*

Receipt by the Intercreditor Agent of a certificate from the Independent Engineer confirming:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Project Phase 1 Completion Date has occurred;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)that Facility Substantial Completion (as such term is defined in the Phase 2 EPC Contract) has occurred pursuant to the Phase 2 EPC Contract (subject to the completion of any punch list items under the Phase 2 EPC Contract);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the applicable performance tests under each of the Phase 2 EPC Contract and the Phase 2 Procurement, Supply and Construction Contracts described in clauses (a) through (c) of the definition thereof have been successfully passed in accordance with such Phase 2 Material Construction Contract;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)the Lenders' Reliability Test has been passed in accordance with the test criteria set out in Schedule O-2 (*Lenders' Reliability Test Criteria*) hereto and the "LRT Completion Certificate" contemplated thereby has been delivered to the Intercreditor Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)the Borrower's calculation of the Permitted Completion Costs and that the Borrower has reserved an amount sufficient for the Permitted Completion Amount; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)the Phase 2 LNG Facility is Operational.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)*Commercial Operation Date*

Receipt by the Intercreditor Agent of a duly executed certificate of the Borrower certifying that the Commercial Operation Date under each of the Required LNG SPAs with respect to the Phase 2 LNG Facility then in effect has timely occurred in accordance with such Required LNG SPA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)*Payment*

Receipt by the Collateral Agent of evidence that the Borrower shall have paid all amounts due and payable under each of the Material Construction Contracts other than: (i) the Permitted Completion Amount, which is on deposit in the Construction Account after giving effect to the deposits and transfers set forth in Section 4.5(d) (*Deposits and Withdrawals – Construction Account*) of the Common Security and Account Agreement, (ii) amounts properly withheld or retained by the Borrower in accordance with the terms and conditions of such Phase 2 Material Construction Contracts, (iii) any bonus or other amounts payable under such Phase 2 Material Construction Contracts after Final Completion of the Phase 2 LNG Facility and (iv) any disputed amount under the Material Construction Contracts; *provided* that, in the event that any amount under any Material Construction Contract is disputed by the Borrower, the Borrower shall have reserved funds in an amount determined by the Borrower acting in good faith for payment of any disputed amounts that may reasonably be expected to be determined or agreed to be payable by the Borrower (such amounts the "*Disputed Amounts*").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)*Title Policy Endorsement*

Receipt by the Intercreditor Agent of a Disbursement Endorsement meeting the requirements set forth in the definition thereof for the delivery of such endorsement on the Project Phase 2 Completion Date as of a recent date, not to exceed 30 days prior to the Project Phase 2 Completion Date.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)*Insurance*

Receipt by the Intercreditor Agent of a certificate from the Borrower (confirmed in writing to be reasonable by the Insurance Advisor) confirming that all insurance premium payments due and payable as of the Project Phase 2 Completion Date have been paid and that the insurance then in place relating to the Phase 1 Project Facilities and the Phase 2 LNG Facility is in effect and complies with the then-applicable requirements of Schedule L (*Schedule of Minimum Insurance*) hereto, and certificates of insurance, binders or other documentation evidencing such insurance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)*Permits*

Receipt by the Intercreditor Agent of evidence that all material Permits necessary for the Project Phase 1 Development and Project Phase 2 Development (as set forth on Schedule F (*Material Permits*)) (and, in the case of any Export Authorization, such Export Authorization to the extent that it is a Required Export Authorization):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)have been obtained and are in full force and effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)are held in the name of an Obligor or such third party as set forth on Schedule F (*Material Permits*) hereto and as allowed pursuant to applicable law or regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)satisfy the Permit Appeal Qualification and all applicable fixed time periods for appeal set forth in the Government Rules pursuant to which such Permits were issued have expired or are Permits that do not have limits on appeal periods under applicable law or regulation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)are free from conditions or requirements (A) the compliance with which could reasonably be expected to have a Material Adverse Effect or (B) that the applicable Obligor does not expect to be able to satisfy on or prior to the commencement of the relevant stage of Project Phase 1 Development or Project Phase 2 Development, as applicable, except to the extent that failure to so satisfy such condition or requirement could not reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)*Phase 1 Project Facilities and Phase 2 LNG Facility Placed in Service*

Receipt by the Intercreditor Agent of evidence that the Obligors have received from FERC a notice, order or other written communication authorizing it to place facilities comprising the Phase 1 Project Facilities

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and the Phase 2 LNG Facility in service, and that the Phase 1 Project Facilities and the Phase 2 LNG Facility shall have been placed in service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)*Lien Waivers*

Receipt by the Intercreditor Agent of: (i) copies of Lien Waivers as have then been (and only to the extent) required pursuant to each Phase 2 Material Construction Contract; (ii) to the extent applicable, copies of one or more notices of termination of work filed pursuant to the Louisiana Private Works Act in the mortgage records of Cameron Parish, Louisiana, certifying termination of the work under the Phase 2 EPC Contract, including the installation, testing and start-up of equipment supplied to the Borrower pursuant to the Phase 2 EPC Contract and the other Phase 2 Material Construction Contracts (other than those Phase 2 Procurement, Supply and Construction Contracts referred to in clause (iii) of this Section 14.3(k) (*Conditions to Occurrence of Project Phase 2 Completion Date – Lien Waivers*)); (iii) to the extent applicable, copies of one or more notices of termination of work filed pursuant to the Louisiana Private Works Act in the mortgage records of Cameron Parish and Calcasieu Parish, Louisiana, certifying termination of the work under the Phase 2 Procurement, Supply and Construction Contracts; (iv) a lien certificate by the recorder of mortgages of Cameron Parish and Calcasieu Parish, Louisiana, issued after the period for filing a statement of claim or privilege under the Louisiana Private Works Act has expired and confirming that no statements of claim or privilege are of record (other than Permitted Liens) for work performed under the Phase 2 Material Construction Contracts; (v) to the extent applicable, copies of recorded releases of claims or liens recorded pursuant to Chapter 53 of the Texas Property Code in connection with or arising from work performed under the Phase 2 EPC Contract and/or the Phase 2 Procurement, Supply and Construction Contracts that satisfy the requirements of Section 53.152 of the Texas Property Code; (vi) to the extent applicable, copies of recorded bonds to indemnify meeting all of the requirements of Subchapter H of Chapter 53 of the Texas Property Code for any claims or liens recorded pursuant to Chapter 53 of the Texas Property Code in connection with or arising from work performed under the Phase 2 EPC Contract and/or the Phase 2 Procurement, Supply and Construction Contracts; (vii) to the extent applicable, copies of any recorded affidavits of completion that satisfy the requirements of Section 53.106 of the Texas Property Code that were required under the Phase 2 EPC Contract and/or the Phase 2 Procurement, Supply and Construction Contracts; and (viii) to the extent applicable, copies of any affidavits of all bills paid that satisfy the requirements of Section 53.085 of the Texas Property Code that were required under the Phase 2 EPC Contract and/or the Phase 2 Procurement, Supply and Construction Contracts.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)*Revised Operating Budget*

The Intercreditor Agent shall have received the revised Operating Budget required pursuant to Section 10.5 (*Operating Budget*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)*Senior Facilities Debt Service Reserve Account*

The Senior Facilities Debt Service Reserve Account shall have been funded in an amount equal to the Senior Facilities Debt Service Reserve Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)*Letter of Credit Reimbursement*

The Borrower shall have repaid any outstanding LC Reimbursement Payments and/or any LC Loans (as defined in the Credit Facility Agreement) outstanding as a result of a draw on any Letters of Credit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)*Senior Debt/Equity Ratio* 

The Senior Debt/Equity Ratio shall be no greater than 75:25, as certified by the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)*Additional Material Project Agreements* 

The Intercreditor Agent shall have received copies of any Material Project Agreements and required material Permits entered into or issued after the Initial Closing Date, to the extent not previously delivered by the Borrower to the Intercreditor Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)*Conditional Assignment* 

The assignment of each Fixed Start Date LNG SPAs as contemplated by the applicable Phase 2 Conditional Assignment shall have become effective in accordance with the terms of such Phase 2 Conditional Assignment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14.4Project Phase 2 Completion Date Waterfall**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)*Preliminary Determination*

The Intercreditor Agent and the Credit Facility Agent shall have received (i) a preliminary determination (together with reasonably detailed calculations therefor) at least 10 Business Days prior to the proposed Project Phase 2 Completion Date and (ii) a final determination (together with reasonably detailed calculations therefor) at least five Business Days prior to the proposed Project Phase 2 Completion Date, in each case, of the amount of the final advance of Term Loans and the payments and transfers to be applied pursuant to Section 14.4(c) (*Project Phase 2 Completion Date Waterfall*), in each case, in form and substance

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reasonably satisfactory to the Credit Facility Agent acting in consultation with the Independent Engineer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)*Final Advance of Term Loans*

On the day that is one Business Day prior to the Project Phase 2 Completion Date and assuming all conditions to the Project Phase 2 Completion Date have been met or waived as of such day, and the Borrower has given a notice to the Intercreditor Agent requesting such final Advance at least three Business Days prior to such day, the full remaining undrawn amount of the Term Loan Commitments, if any, shall be funded by the Secured Parties holding Term Loan Commitments and deposited into the Construction Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)*Project Phase 2 Completion Date Waterfall*

On the Project Phase 2 Completion Date, (i) amounts on deposit in the Contingency Reserve Account other than those relating to the Project Phase 3A Development, the Project Phase 3B Development or any Permitted Internal Expansion shall be transferred to the Construction Account pursuant to Section 4.5(k)(iv) (*Deposits and Withdrawals – Contingency Reserve Account*) of the Common Security and Account Agreement, (ii) amounts on deposit in the Pre-Completion Revenues Account other than those relating to the Project Phase 3A Development, the Project Phase 3B Development or any Permitted Internal Expansion shall be transferred to the Construction Account pursuant to Section 4.5(b)(iii) (*Deposits and Withdrawals – Pre-Completion Revenues Account*) of the Common Security and Account Agreement and (iii) amounts on deposit in the Construction Account other than those relating to the Project Phase 3A Development, the Project Phase 3B Development or any Permitted Internal Expansion (after giving effect to clauses (i) and (ii) above) shall be applied in the following order of priority:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)*first*, to pay all outstanding Project Costs with respect to the Phase 1 Project Facilities and the Phase 2 LNG Facility that are then due and payable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)*second*, to pay all Debt Service with respect to the Phase 1 Project Facilities and the Phase 2 LNG Facility (including the Tranche 1 Commitments and Tranche 2 Commitments) then due and payable, if any;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)*third*, to reserve in the Completion Reserve Account an amount equal to the sum of (i) Permitted Completion Amount *plus* (ii) all Disputed Amounts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)*fourth*, to fund the Senior Facilities Debt Service Reserve Account and each Additional Debt Service Reserve Account (to the extent not funded, at the option of the Borrower, with one or more Acceptable Debt Service Reserve LCs, and taking into account any Acceptable Debt

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Service Reserve LCs or other cash already on deposit therein) in an amount equal to the Senior Facilities Debt Service Reserve Amount; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E)*fifth*, to the extent any cash remains on deposit in the Construction Account, to the Revenue Account.

**15. LOAN FACILITY EVENTS OF DEFAULT** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.1Loan Facility Events of Default**

Except as may be set forth in a Facility Agreement with respect solely to such Facility Agreement, the following events, and no others, shall be Loan Facility Events of Default:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)*Payment Default*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)The Borrower fails to pay principal amounts due under the Finance Documents; *provided* that, if failure to pay occurs due to a purely administrative error, the Borrower shall have three Business Days to cure such failure; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the Borrower fails to pay interest or any other Senior Debt Obligations due under the Finance Documents within three Business Days after those amounts become due.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)*Breach of Project Representations and Warranties*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Any representation or warranty made by any Obligor in Article 5 (*Representations and Warranties of the Obligors*), or any representation, warranty or statement in any certificate, financial statement or other document furnished by any Obligor pursuant to this Agreement, is false when made and if such falsity is capable of being corrected or cured, is not corrected or cured within 60 days after the earlier of (A) the applicable Obligor, becoming aware of such falsity and (B) notice from the Intercreditor Agent to the Borrower, and such falsity or the adverse effects therefrom could reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)Any representation or warranty made by the Pledgor in the Security Document referred to in Section 3.3 (*Security Interests to be Granted by Pledgor*) of the Common Security and Account Agreement is false when made and such falsity is not corrected or cured within 60 days after the earlier of (A) the Borrower becoming aware of such falsity and (B) notice from the Intercreditor Agent to the Borrower, and such falsity or the adverse

&nbsp;&nbsp;&nbsp;&nbsp;

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effects therefrom could reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)*Breach of Certain Covenants*

Except as specifically provided for in another Loan Facility Event of Default in this Section 15.1 (*Loan Facility Events of Default*):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)breach by an Obligor of any covenant described in Article 6 (*Incurrence of Additional Senior Debt*), subject to sub-clause (iii)(4) below, Section 12.1 (*Use of Proceeds*), Sections 12.2(a) or (b) (*Maintenance of Existence, Franchises, Etc.*), Section 12.18 (*Merger, Division, Liquidation and Sale of All Assets*) or Section 12.30 (*Margin Regulation*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)breach of Section 12.25 (*Historical DSCR*) that is not cured within twenty (20) Business Days as set forth in Section 12.25 (*Historical DSCR*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)breach by an Obligor of any covenant described in:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Section 7.2 (*Expansion Contracts*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)Section 8.3 (*Amendment of LNG SPAs*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)Section 9.1 (*Change Orders*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)Section 12.1 (*Use of Proceeds*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)Section 12.2(c) (*Maintenance of Existence, Franchises, Etc.*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6)Section 12.6 (*Compliance with Law*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7)Section 12.7 (*Environmental Compliance*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8)Section 12.13 (*Taxes*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9)Section 12.14 (*Limitation on Indebtedness*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10)Section 12.15 (*Guarantees*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11)Section 12.16 (*Limitation on Liens*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12)Section 12.17 (*Sale of Project Property*); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13)Section 12.19 (*Limitation on Investments and Loans*),

&nbsp;&nbsp;&nbsp;&nbsp;

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in each case with respect to the events in this sub-clause (iii) that is not corrected or cured within 30 days (or in the case of a breach of Section 12.1 (*Use of Proceeds*), solely as it relates to spending the proceeds of Senior Debt on the Project Phase 3A Development in a manner contrary to the terms of the Finance Documents, 20 days) following the earlier of (x) the applicable Obligor becoming aware of such failure and (y) notice from the Intercreditor Agent to the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)material breach by Pledgor of any covenant contained in the Pledge Agreement that is not corrected or cured within 30 days after the earlier of (A) Pledgor becoming aware of such failure; and (B) notice from the Intercreditor Agent to the Borrower and Pledgor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)material breach by an Obligor of Section 12.5(f) (*Material Project Agreements*) (but excluding covenants therein as they may apply to termination of any LNG SPA) that is not corrected or cured within 60 days after the earlier of (1) the applicable Obligor becoming aware of such breach; and (2) notice from the Intercreditor Agent to the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)material breach by an Obligor of Section 7.1(a) (*Permitted Development Expenditures*) or Section 12.5 (*Material Project Agreements*) clauses (b), (c), (d), (e), (g) or (k) (but excluding covenants therein as they may apply to termination of any LNG SPA), in each case, with respect to the events in this sub-clause (vi), that is not corrected or cured within 60 days after the earlier of (1) the applicable Obligor becoming aware of such breach; and (2) notice from the Intercreditor Agent to the Borrower, such cure period to be extended to a total of 90 days so long as the breach is subject to cure, such Obligor is diligently pursuing a cure and such additional cure period could not reasonably be expected to result in a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)(A)&nbsp;&nbsp;&nbsp;&nbsp;breach by an Obligor of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Section 12.3 (*Project Construction; Maintenance of Properties*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)Section 12.4 (*Books and Records; Inspection Rights*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)Section 12.20 (*Nature of Business*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)Section 12.27 (*Gas Supply Arrangements*); or

&nbsp;&nbsp;&nbsp;&nbsp;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)Section 12.21 (*Transactions with Affiliates*); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)material breach by an Obligor of any other covenant in Article 12 (*Obligor Covenants*) (except for the covenants described in Section 12.8 (*Permits*) and Section 12.10 (*FERC Order*), which are subject to clause (p) (*Loan Facility Events of Default – Permits Generally*) below) or any other covenant in this Agreement, the Security Documents, or with respect to any Facility Lender, its Facility Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)in each case, with respect to the events in this sub-clause (vii), that is not corrected or cured within 60 days after the earlier of (1) the applicable Obligor becoming aware of such breach; and (2) notice from the Intercreditor Agent to the Borrower, such cure period to be extended to a total of 90 days so long as the breach is subject to cure, such Obligor is diligently pursuing a cure and such additional cure period could not reasonably be expected to result in a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)*Bankruptcy*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)A Bankruptcy with respect to an Obligor or the Pledgor has occurred or after a Permitted CFCo Contribution, a Bankruptcy with respect to CFCo has occurred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)*Abandonment*

Abandonment has occurred and is continuing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)*Destruction*

All or substantially all of the Project Facilities is destroyed, lost or damaged.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)*Event of Taking*

An Event of Taking of (i) all or substantially all of the Phase 1 Project Facilities or the Phase 2 LNG Facility or (ii) that could reasonably be expected to have a Material Adverse Effect has occurred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)*Security Interests Invalid*

Any of the Security Interests over a material portion of the Collateral cease to be validly perfected (subject to applicable Reservations) in favor of the Collateral Agent on behalf of the Secured Parties, and five Business

&nbsp;&nbsp;&nbsp;&nbsp;

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Days have elapsed after the Collateral Agent or Intercreditor Agent gave notice to the Borrower thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)*Unsatisfied Judgments*

Any one or more of final judgments in excess of $200 million in the aggregate against an Obligor (or against any other Person where an Obligor is liable to satisfy such judgment), in each case such amounts to be measured net of Insurance Proceeds which are reasonably expected to be paid and, in each case, such judgment or judgments remain unpaid, unstayed on appeal, undischarged, unbonded or undismissed for a period of 90 days after the date of entry of such judgment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)*Unenforceability or Termination of Finance Documents*

Any of the Finance Documents (other than (x) a Direct Agreement in respect of any LNG SPA that is not a Required LNG SPA then in full force and effect or (y) any Direct Agreement in the case where the occurrence of a Loan Facility Event of Default has been triggered by an event affecting the underlying Material Project Agreement or a Senior Debt prepayment remedy or other Loan Facility Event of Default is applicable under the Finance Documents) or any material provision thereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)is expressly repudiated in writing by any party thereto (other than the Collateral Agent, the Account Bank, the Intercreditor Agent or any Facility Lender);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)shall have been terminated (other than pursuant to the terms thereof following discharge in full of all obligations thereof or otherwise by agreement in writing of the parties thereto not as a result of a Loan Facility Event of Default hereunder); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)is declared unenforceable in a final judgment of a court of competent jurisdiction against any party (other than the Collateral Agent, the Account Bank, the Intercreditor Agent or any Facility Lender) and such unenforceability is not cured (subject to any applicable Reservations) within five Business Days following the date of entry of such judgment; *provided* that, such five-Business Day period shall apply only so long as the relevant party is attempting in good faith to cure such unenforceability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)*Unenforceability or Termination of Material Project Agreements:*

Any Material Project Agreement (other than any LNG SPA that does not constitute a Required LNG SPA) or any material provision thereof:

&nbsp;&nbsp;&nbsp;&nbsp;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)is expressly repudiated in writing by any party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)is declared unenforceable in a final judgment of a court of competent jurisdiction against any party and such unenforceability is not cured (subject to any applicable Reservations) within 60 days following the date of entry of such judgment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)shall have been terminated (other than pursuant to the terms thereof following discharge in full of all obligations thereof or otherwise by agreement in writing of the parties thereto); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)shall at any time for any reason cease to be valid and binding or in full force and effect, unless such Material Project Agreement expires or terminates pursuant to its terms;

*provided* that, in each case of sub-clauses (i) and (ii) above there could reasonably be expected to be a Material Adverse Effect as a result thereof (without regard, for such purpose, to clause (a) of the definition of Material Adverse Effect); *provided further* that, in respect of sub-clause (ii) above, such 60 day period shall apply only so long as the relevant party is attempting in good faith to cure such unenforceability;

*provided further* that, in each case of sub-clauses (iii) and (iv) above, any such case shall not give rise to a Loan Facility Event of Default if, (i) in case of any termination of a Required LNG SPA, the Obligors enter into a Replacement Material Contract within 180 days of such termination, such cure period to be extended to a total of 270 days so long as the breach is subject to cure, such Obligor is diligently pursuing a cure and such additional cure period could not reasonably be expected to result in a Material Adverse Effect and (ii) in case of any termination of any other Material Project Agreement (other than any LNG SPA that does not constitute a Required LNG SPA), the Obligors enter into a Replacement Material Contract within 60 days of such termination, such cure period to be extended to a total of 90 days so long as the breach is subject to cure, such Obligor is diligently pursuing a cure and such additional cure period could not reasonably be expected to result in a Material Adverse Effect, in each case in accordance with the requirements of Section 12.5(g) (*Material Project Agreements*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)*Failure to Achieve Project Phase 1 Completion Date by Phase 1 LNG Facility Date Certain or Project Phase 2 Completion Date by Phase 2 LNG Facility Date Certain*

The Project Phase 1 Completion Date does not occur by the Phase 1 LNG Facility Date Certain or the Project Phase 2 Completion Date does not occur by the Phase 2 LNG Facility Date Certain.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)*Cross Acceleration (other Indebtedness)*

A default has occurred with respect to Indebtedness (other than (i) Indebtedness secured by the Security Documents and (ii) Subordinated Debt) of any Obligor that exceeds a principal amount of $200 million and such default has continued beyond any applicable grace period, and its effect has been to cause the entire amount of such Indebtedness to become due and such Indebtedness remains unpaid or the acceleration of its stated maturity remains unrescinded.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)*Cross Acceleration (Senior Notes)*

In respect of any Senior Notes outstanding, if applicable, acceleration of such Senior Notes following an Indenture Event of Default, without prejudice to any Loan Facility Event of Default under clause (a) (*Loan Facility Events of Default – Payment Default*) above that may be triggered by a breach under any Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)*Equity Funding*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)A provider of Equity Commitment Support fails to pay or cause to be paid all or any portion of the Equity Commitment Funding as required under the Equity Commitment Documents (or as would be required under such agreements but for a bankruptcy stay applicable to such provider of Equity Commitment Support) for any reason (including as a result of a bankruptcy stay applying to such provider of Equity Commitment Support and regardless of whether the applicable obligation to pay or cause to be paid such Equity Commitment Funding is found to be unenforceable, invalid or otherwise non-binding), and such failure is not cured within five (5) Business Days;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)Unless the Debt Commitment Sizing Conditions have been satisfied, any Equity Commitment Document shall cease to be in full force and effect for any reason or the Equity Commitment Support shall cease to be in full force and effect in an amount at least equal to the Aggregate Remaining Equity Contribution Obligations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)The Sponsor shall default in the observance or performance of any agreement contained in the Equity Contribution Agreement, unless the Collateral Agent is permitted to make drawings under an Acceptable Equity Letter of Credit in an amount equal to the Aggregate Remaining Equity Contribution Obligations under the Equity Contribution Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)Any of Pledgor, or any of the Intermediate Holding Companies (as defined in the Equity Contribution Agreement) fail to contribute to the Borrower any amounts received by such persons in respect of the Equity Commitment Funding or any Equity Commitment Support for any reason (including as a result of a bankruptcy stay

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applying to Pledgor, or such Intermediate Holding Companies), and such failure is not cured within three (3) Business Days.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)*Permits Generally*

From and after the Initial Closing Date, any Permit required under Section 12.8 (*Permits*), Section 12.9 (*Export Authorizations*) or Section 12.10 (*FERC Order*) related to the Borrower or the Development is Impaired and such Impairment could reasonably be expected to have a Material Adverse Effect, unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Borrower provides a reasonable remedial plan (which sets forth in reasonable detail the proposed steps to be taken to cure such Impairment) no later than 30 days following the date that the Borrower has Knowledge of the occurrence of such Impairment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the Borrower diligently pursues the implementation of such remedial plan; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)such Impairment is cured no later than 90 days following the occurrence thereof (or such longer period, if any, presented by any administrative, legal, regulatory or statutory time period applicable thereto but only as may be reasonably necessary to cure such Impairment or required by a Governmental Authority; *provided* that, the Borrower shall have no more than 180 days in the aggregate to cure such Impairment).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)*ERISA*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)On or after the Initial Closing Date, an ERISA Event has occurred and is continuing and such event, whether individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the aggregate "amount of unfunded benefit liabilities" (within the meaning of Section 4001(a)(18) of ERISA) under all Plans determined in accordance with Title IV of ERISA could reasonably be expected to result in a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)*Change of Control*

A Change of Control has occurred and is continuing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.2Declaration of Loan Facility Declared Default**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)A Loan Facility Declared Default occurs upon delivery to the Borrower (with a copy to the Collateral Agent), after any applicable grace or cure

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period has expired, of a certificate from the Intercreditor Agent stating that any Loan Facility Event of Default has occurred and is Continuing and declaring a Loan Facility Declared Default.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)A Loan Facility Declared Default also shall be deemed to have occurred and been declared without the delivery of such a certificate or such declaration or any other notice upon the occurrence of a Loan Facility Event of Default referred to in Section 15.1(d)(i) (*Loan Facility Events of Default* – *Bankruptcy*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.3Cessation of Loan Facility Declared Default**

The Intercreditor Agent shall promptly notify the Collateral Agent, the Borrower and each Facility Lender upon learning of the cessation of the Loan Facility Event of Default to which such certificate(s) related (such notice, a "*Cessation Notice*"). Upon delivery of a Cessation Notice, the applicable Loan Facility Declared Default shall be deemed not to be Continuing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.4Instruction to Intercreditor Agent**

Any Senior Creditor Group Representative may deliver an instruction to the Intercreditor Agent to deliver a certificate stating that any Loan Facility Event of Default has occurred and Requisite Intercreditor Parties may deliver an instruction to the Intercreditor Agent to deliver a Cessation Notice; *provided* that, in the case of a Loan Facility Event of Default that arises solely under an individual Facility Agreement, such instruction to declare a Loan Facility Event of Default or a cessation of a Loan Facility Event of Default to the Intercreditor Agent may be given only by the Senior Creditor Group Representative representing the Facility Lenders under such Facility Agreement (and not any other Senior Creditor Group Representatives).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.5Excluded Lenders**

If any Loan Facility Event of Default occurs as result of: (a) any Obligor failing to comply with Section 12.1 (*Use of Proceeds*) or Section 12.6 (*Compliance with Law*) in respect of any Sanctions specified in the Blocking Regulation that would result in a violation of any Blocking Regulation; or (b) a representation or warranty made or deemed to be made under clause (c) or (g) of Section 5.1 (*Initial Representations and Warranties of the Obligors*) or under clause (d)(ii) or (o) of Section 5.2 (*Repeated Representations and Warranties of the Obligors*), in each case, which relates to any Sanctions specified in the Blocking Regulation being incorrect or misleading in any material respect when made or deemed to be made and would result in a violation of any Blocking Regulation, then, notwithstanding anything to the contrary contained herein or in the other Finance Documents, the Commitments and Loans (each as defined in the Credit Facility Agreement) (or equivalent terms set forth in the applicable Facility Agreement) of

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each Excluded Lender shall be disregarded in the determination of Required Lenders (as defined in the Credit Facility Agreement) and Requisite Intercreditor Parties, in each case, for purposes of exercising or waiving any right or remedy under the Finance Documents, with respect to such Loan Facility Event of Default.

**16. COMMON REMEDIES AND ENFORCEMENT**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16.1Facility Lender Remedies for Loan Facility Declared Events of Default**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)*Enforcement Action*

Subject to clause (b) (*Facility Lender Remedies for Loan Facility Declared Events of Default – Initiating Percentage for Enforcement Action with Respect to Collateral*) below and the Common Security and Account Agreement, upon the occurrence and Continuation of a Loan Facility Declared Default, based on the instruction procedures described in clause (b) (*Facility Lender Remedies for Loan Facility Declared Events of Default – Initiating Percentage for Enforcement Action with Respect to Collateral*) below, rights and remedies (each, an "*Enforcement Action*") may be exercised on behalf of the Facility Lenders under their Facility Agreement, including the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)suspension of undrawn Facility Debt Commitments under the Facility Agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)termination of undrawn Facility Debt Commitments and acceleration of all Senior Debt Obligations under the Facility Agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)directing the Collateral Agent to take control of the Secured Accounts and apply the balances in accordance with Section 4.7 (*Cash Waterfall*) of the Common Security and Account Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)directing the Collateral Agent to exercise any of its rights under the Equity Contribution Agreement (including to make any permitted or required draw on any Equity Commitment Support); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)subject to clause (b) (*Facility Lender Remedies for Loan Facility Declared Events of Default – Initiating Percentage for Enforcement Action with Respect to Collateral*) below, requesting the Collateral Agent to exercise all rights with respect to the Security Interests and apply the proceeds from the enforcement of Security Interests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)*Initiating Percentage for Enforcement Action with Respect to Collateral* 

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Upon a Loan Facility Declared Default, the Required Intercreditor Parties shall have the right to instruct the Intercreditor Agent who shall in turn request the Collateral Agent (and confirm in writing to the Collateral Agent that such instruction has been given pursuant to this Agreement and Intercreditor Agreement) to take Enforcement Action pursuant to the Common Security and Account Agreement; *provided* that, upon an Event of Default under Section 15.1(d) (*Loan Facility Events of Default – Bankruptcy*), all Senior Debt Obligations under Loans shall be accelerated automatically and shall immediately become due and payable, without presentment, demand, protest or other notice or action of any kind, all of which are expressly waived by the Obligors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16.2Remedies for Events of Default under Facility Agreements**

At any time after the occurrence of any Loan Facility Event of Default that is not listed in Section 15.1 (*Loan Facility Events of Default*) of this Agreement but arises only under an individual Facility Agreement, the relevant Facility Agent may, subject to the terms and conditions of this Agreement, the Common Security and Account Agreement and the Intercreditor Agreement, exercise the express remedies available to it in accordance with such Facility Agreement and shall promptly notify each other Facility Agent, the Borrower and the Intercreditor Agent thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16.3Permitted Actions under Common Security and Account Agreement**

Nothing in this Article 16 (*Common Remedies and Enforcement*) shall limit or restrict any right of any Secured Party or the Collateral Agent pursuant to Section 6.3 (*Conduct of Security Enforcement Action*) of the Common Security and Account Agreement.

**17. INTERCREDITOR ARRANGEMENTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17.1Facility Agents; Facility Lender Action**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Each of the Facility Agents hereby represents that it has been duly appointed pursuant to the applicable Facility Agreement to represent the applicable Facility Lender(s) that is a lender or are lenders under such Facility Agreement and is entitled to vote and give instructions to the Intercreditor Agent (and, where applicable, to act thereunder) on behalf of the Facility Lender(s) that is a lender or are lenders under such Facility Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Each Facility Agent shall, for purposes of this Agreement, act in its capacity as "Facility Agent" under the applicable Facility Agreement and shall, for purposes of the Common Security and Account Agreement, act in the capacity of Senior Creditor Group Representative on behalf of the Facility Lender(s) that is a lender or are lenders under the applicable

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Facility Agreement (each such group of Facility Lender(s) under an individual Facility Agreement being a "Senior Creditor Group" for purposes of the Common Security and Account Agreement).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Notwithstanding anything herein to the contrary, where any Facility Agent exercises any right or discretion, makes any Decision or determination or performs any obligation under this Agreement, references to "Facility Agent" in such circumstances shall mean "Facility Agent acting pursuant to instructions from its Facility Lender(s) in accordance with the Intercreditor Agreement or the applicable Facility Agreement, as the case may be."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Notwithstanding anything herein to the contrary, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Intercreditor Agent exercises any right or discretion, makes any Decision or determination or performs any obligation under this Agreement, references to "Intercreditor Agent" in such circumstances shall mean "Intercreditor Agent acting pursuant to instructions from Requisite Intercreditor Parties as may be required in accordance with the Intercreditor Agreement"; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)a Facility Agent, in its capacity as such or as a Senior Creditor Group Representative, makes any Decision or determination or performs any obligation under this Agreement, references to "Facility Agent" and "Senior Creditor Group Representative" in such circumstances shall mean such "Facility Agent" or "Senior Creditor Group Representative", in each case acting pursuant to instructions from requisite Facility Lenders as may be required in accordance with its Facility Agreement and, if applicable, the Intercreditor Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17.2Agreement to Comply with Intercreditor Agreement**

The Intercreditor Agent agrees for the benefit of the Borrower that, in discharging its duties as Intercreditor Agent, it shall act at all times in accordance with the terms of the Intercreditor Agreement and the Common Security and Account Agreement as they may be amended from time to time, and which shall include, for the avoidance of doubt, the obtaining of the consent of the Borrower to any replacement Intercreditor Agent to the extent required herein or therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17.3Agreement Not to Amend Entrenched Intercreditor Provisions**

The Intercreditor Agent and the Facility Agents agree not to Modify the following provisions of the Intercreditor Agreement unless otherwise agreed in writing by the Borrower (in the addition to the agreement of any other party that is required under the Intercreditor Agreement):

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Article 1 (*Definitions and Interpretation*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Section 2.2 (*Intercreditor Agent's Rights and Obligations*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Section 2.4(d) (*Defaults*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Sections 2.7(a) and (b) (*Resignation of Intercreditor Agent*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Section 2.8 (*Removal of Intercreditor Agent*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Section 3.1 (*Decision Making*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)Section 3.2 (*Voting Generally: Intercreditor Party Decisions and Intercreditor Votes*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)Section 3.3 (*Intercreditor Votes: Each Party's Entitlement to Vote*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Section 3.4 (*Casting of Votes*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)Section 3.6 (*Other Voting Considerations*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)Section 3.7 (*Voting by Hedging Banks*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)Section 3.8 (*Voting by Sponsor and its Affiliates*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)Section 4.1 (*100% Voting Issues*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)Section 4.2 (*Special Voting Issues*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)Section 4.3 (*Majority Voting Issues*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)Section 4.4 (*Administrative Decisions*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)Section 4.6 (*Individual Senior Creditor Group Decisions*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)Article 5 (*Agreement of Hedging Banks*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s)Section 6.1 (*Governing Law*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t)Section 7.2 (*Amendment*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u)Section 7.12 (*Third-party Beneficiaries*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)Schedule 1 (*All Loan Facilities Decisions*); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w)Schedule 2 (*Administrative Decisions*).

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**18. THE INTERCREDITOR AGENT** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18.1Intercreditor Agreement**

Pursuant to and in accordance with the Intercreditor Agreement, the Facility Lenders have appointed the Intercreditor Agent to, among other things, act as their agent under and in connection with this Agreement and the Intercreditor Agreement and any other Finance Document to which the Intercreditor Agent (in such capacity) is a party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18.2Relationship**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Intercreditor Agent shall in no respect be the agent of the Borrower by virtue of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Intercreditor Agent shall not be liable to the Borrower for any breach by any Person (other than for the Intercreditor Agent's own gross negligence, fraud or willful misconduct as determined by a court of competent jurisdiction in a final and non-appealable judgment), or be liable to any Person for any breach by the Borrower, of this Agreement or any of the Finance Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18.3Delivery of Documentation**

Executed counterparts of each of the Finance Documents have been delivered to the Intercreditor Agent on, or prior to, the Upsize Closing Date and the Intercreditor Agent has acknowledged receipt thereof. Each of the Parties hereto agrees to deliver to the Intercreditor Agent executed counterparts of any Permitted Hedging Instrument or any Senior Debt Instrument relating to Replacement Debt, Working Capital Debt, Permitted Approved Expansion Debt, Permitted Relevering Debt, Permitted Completion Senior Debt, PDE Senior Debt, Restoration Debt and of any instrument amending or modifying any agreement previously delivered to the Intercreditor Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18.4Liability**

The Intercreditor Agent shall not be responsible to the Borrower for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the execution (other than its own execution), genuineness, validity, adequacy, enforceability, admissibility in evidence or sufficiency of any Finance Document or any other document;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the collectability of amounts payable under any Finance Document; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the adequacy, accuracy and/or completeness of any statements (whether written or oral) made in, or in connection with, any Finance Document, with the exception of any statements made with respect to itself.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18.5Exoneration**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Without limiting clause (b) of this Section 18.5 below, the Intercreditor Agent (including its officers, employees, agents and attorneys) shall not be liable to the Borrower for any action taken or not taken by it under, or in connection with, this Agreement or any other Finance Document unless directly caused by its gross negligence, fraud or willful misconduct as determined by a final non-appealable judgment of a court of competent jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Borrower may not bring any proceedings against any officer, employee, agent or attorney of the Intercreditor Agent in respect of any claim it might have against it or in respect of any act or omission of any kind (including gross negligence, fraud or willful misconduct) by that officer, employee or agent in relation to this Agreement or any other Finance Document. Without prejudice to the provisions of the preceding sentence of this clause (b), the restriction against taking proceedings set out in the preceding sentence of this clause (b) is not and shall not be construed as a waiver of any claim based on the conduct of such officer, employee or agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18.6Reliance**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Intercreditor Agent shall be entitled to rely conclusively on the list of authorized signatories of the Obligors delivered to it pursuant to Section 4.2(k) (*Conditions to Upsize Closing Date – Bank Regulatory Requirements*) (with such written updates to such authorized signatories (certifying the names and true signatures of any new authorized signatories) as may be notified by the Obligors to the Intercreditor Agent from time to time).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Facility Lenders shall communicate to the Intercreditor Agent only through the relevant Facility Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18.7Resignation and Succession**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Borrower acknowledges that, subject to and in accordance with the terms and conditions of the Intercreditor Agreement, the Intercreditor Agent may resign and a successor Intercreditor Agent shall be appointed in accordance with the terms of the Intercreditor Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The resignation of the Intercreditor Agent and the appointment of any successor in that capacity shall both become effective only upon the satisfaction of the applicable conditions set out in the Intercreditor Agreement. On satisfaction of such conditions, the successor Intercreditor Agent shall succeed to the position of the Intercreditor Agent under this

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Agreement and the term "Intercreditor Agent" shall include the successor Intercreditor Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Upon its resignation becoming effective, Section 18.5(a) (*Exoneration*) and this Section 18.7 (*Resignation and Succession*) shall continue to benefit a retiring Intercreditor Agent in respect of any action taken or not taken by it under or in connection with this Agreement and the other Finance Documents while it was an Intercreditor Agent, and it shall have no further obligations under this Agreement and the other Finance Documents.

**19. CHANGES TO THE PARTIES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19.1Represented Parties; Successors and Assigns**

Each Facility Agent represents that it is authorized on behalf of itself and on behalf of each Facility Lender under its Facility Agreement to enter into this Agreement. This Agreement is binding on the successors, permitted transferees and assigns of each Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19.2Transfers by the Obligors**

The Obligors may not assign or transfer any of their rights or obligations under this Agreement without the prior written consent of the Intercreditor Agent, and any such attempted assignment or transfer without such prior written consent shall be void and invalid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19.3Replacement of Facility Agents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Any Facility Agent may be replaced by the Facility Lender(s) under the relevant Facility Agreement in accordance with the terms of such Facility Agreement, pursuant to which such Facility Agent was appointed and the Borrower, the Intercreditor Agent and each other Facility Agent shall be notified in writing promptly of any such replacement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)No replacement Facility Agent shall become a Facility Agent under this Agreement unless and until:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the resignation in writing of the Facility Agent being replaced has been delivered to the Borrower, the Intercreditor Agent and each other Facility Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)a "*Replacement Facility Agent Accession Agreement*" substantially in the form set forth in Schedule P – 1 (*Replacement Facility Agent Accession Agreement*) has been executed and delivered to the Intercreditor Agent; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)such Replacement Facility Agent Accession Agreement, when delivered to the Intercreditor Agent, is accompanied by one or more certificates as to the due authorization, execution and delivery of the Replacement Facility Agent Accession Agreement and incumbency of the officers or attorneys-in-fact who executed the Replacement Facility Agent Accession Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The Intercreditor Agent shall, as soon as reasonably practicable, after receiving (A) a duly completed and executed Replacement Facility Agent Accession Agreement which appears on its face to comply with the terms of this Agreement; and (B) all of the documents required to be delivered to it pursuant to this Section 19.3 (*Replacement of Facility Agents*):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)countersign such Replacement Facility Agent Accession Agreement by way of acceptance thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)deliver to the Borrower and each Facility Agent the notice referred to in Section 8 (*Effective Date*) of such Replacement Facility Agent Accession Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Upon the Intercreditor Agent delivering to the Borrower and each Facility Agent the notice referred to in Section 8 (*Effective Date*) of such Replacement Facility Agent Accession Agreement, the Facility Agent shall become (if not already) a party to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19.4Accession in the Event of Additional Senior Debt Incurred Under the Common Terms Agreement**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)If the Borrower incurs, pursuant to this Agreement, Additional Senior Debt permitted by and in accordance with Article 6 (*Incurrence of Additional Senior Debt*), then each Facility Agent in respect of such Additional Senior Debt to be appointed pursuant to the applicable Facility Agreement(s) shall accede to this Agreement on behalf of itself and on behalf of the Facility Lenders under the Facility Agreement in respect of which the Additional Senior Debt is incurred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)No Facility Agent to be appointed pursuant to Facility Agreements in respect of Additional Senior Debt shall become a Facility Agent under this Agreement, and therefore no Facility Lender under a Facility Agreement in respect of Additional Senior Debt incurred pursuant to this Agreement shall become a Facility Lender under this Agreement, unless and until:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)a "*New Facility Agent Accession Agreement (Additional Senior Debt)*" substantially in the form set forth in Schedule P – 2 (*New Facility Agent Accession Agreement (Additional Senior Debt)*) shall have been executed and delivered to the Intercreditor Agent,

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in which, among the other provisions set forth in such New Facility Agent Accession Agreement (Additional Senior Debt), the relevant Facility Agent agrees (i) on behalf of itself to become a party to this Agreement and to represent the Facility Lenders under the relevant Facility Agreement and to be bound by all of the terms and conditions of this Agreement and (ii) on behalf of the Facility Lenders under the Facility Agreement in respect of which the Additional Senior Debt is incurred, to become a party to this Agreement and to be bound by all of the terms and conditions of this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)such New Facility Agent Accession Agreement (Additional Senior Debt), when delivered to the Intercreditor Agent, shall have been accompanied by one or more certificates as to the due authorization, execution and delivery of the New Facility Agent Accession Agreement (Additional Senior Debt) and incumbency of the officers or attorneys-in-fact who executed the New Facility Agent Accession Agreement (Additional Senior Debt).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The Facility Agent representing the Facility Lenders providing the Additional Senior Debt referred to in this Section 19.4 (*Accession in the Event of Additional Senior Debt Incurred Under the Common Terms Agreement*) shall, concurrently with acceding to this Agreement pursuant to this Section 19.4 (*Accession in the Event of Additional Senior Debt Incurred Under the Common Terms Agreement*), accede to (A) the Common Security and Account Agreement in accordance with Section 2.2 (*Incremental Senior Debt*) of the Common Security and Account Agreement and (B) the Intercreditor Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)A copy of the related Facility Agreements shall be attached to the New Facility Agent Accession Agreement (Additional Senior Debt) as an exhibit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)The Intercreditor Agent shall, as soon as reasonably practicable, after receiving (A) a duly completed and executed New Facility Agent Accession Agreement (Additional Senior Debt) which appears on its face to comply with the terms of this Agreement and the Intercreditor Agreement; and (B) all of the documents required to be delivered to it pursuant to this Section 19.4 (*Accession in the Event of Additional Senior Debt Incurred Under the Common Terms Agreement*):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)countersign such New Facility Agent Accession Agreement (Additional Senior Debt) by way of acceptance thereof; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)deliver to the Borrower and each Facility Agent the notice referred to in Section 8 (*Effective Date*) of such New Facility Agent Accession Agreement (Additional Senior Debt) (if applicable).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Upon the Intercreditor Agent delivering to the Borrower and each Facility Agent the notice referred to in Section 8 (*Effective Date*) of such New Facility Agent Accession Agreement (Additional Senior Debt), the Facility Agent on its own behalf and on behalf of the Facility Lenders under its Facility Agreement shall become party to this Agreement in such capacity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19.5Mitigation Obligations; Replacement of Lenders**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)If any Facility Lender requires the Borrower to pay any Indemnified Taxes or additional amounts to any Facility Lender or any Governmental Authority for the account of any Facility Lender pursuant to Article 21 (*Tax Gross-Up and Indemnities*) or requests compensation under Section 22.1 (*Increased Costs*), then such Facility Lender (at the request of the Borrower) shall use commercially reasonable efforts to designate a different lending office for funding or booking its Loans under the Finance Documents or to assign its rights and obligations hereunder to another of its offices, branches or Affiliates or take any other reasonable steps not inconsistent with any applicable legal or regulatory restrictions or the internal policies of such Facility Lender that it would otherwise take in similar circumstances under comparable provisions of other financing agreements if, in the reasonable judgment of such Facility Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Article 21 (*Tax Gross-Up and Indemnities*) or Section 22.1 (*Increased Costs*), as applicable, in the future, and (ii) would not subject such Facility Lender to any unreimbursed cost or expense and would not otherwise, in the reasonable opinion of such Facility Lender, be disadvantageous or prejudicial to such Facility Lender. The Borrower hereby agrees to pay and/or indemnify any Facility Lender for all reasonable costs and expenses incurred by such Facility Lender in connection with any such designation or assignment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)If any Facility Lender reasonably determines that any Change in Law has made it unlawful, or if any Governmental Authority has asserted, with respect to any Tranche 1 Lender, after the Initial Closing Date, and with respect to any Tranche 2 Lender, after the Upsize Closing Date, that it is unlawful, for such Facility Lender or its applicable lending office to fund or maintain its Loans, including, in the case of any Facility Lender under the Credit Facility Agreement, the delivery of an Illegality Notice pursuant to Section 5.01 (*Illegality*) of the Credit Facility Agreement (an "*Illegality Event*"), such Facility Lender shall, in good faith consultation with the Borrower, take all reasonable steps to mitigate any circumstances which

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arise and which would result in any amount becoming payable under or pursuant to, or cancelled pursuant to, Section 3.4(a)(vi) (*Mandatory Prepayments* – *Illegality*), including transferring its rights and obligations under the Finance Documents to another Affiliate or lending office and, to the extent applicable, converting its outstanding Loans as permitted under the relevant Facility Agreement; *provided* that, this clause (b) in no way limits the obligations of the Borrower under any of the Finance Documents. If, notwithstanding its obligations under this clause (b), such Facility Lender is unable to fund or maintain its Loans as a result of such Illegality Event, the Facility Lender shall promptly notify its Facility Agent upon becoming aware of that Illegality Event, which notice shall set forth in reasonable detail all relevant information about such Illegality Event, and such Facility Agent shall promptly notify and provide such information to the Intercreditor Agent, who shall forward such notice to the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Subject to clause (d) below, if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)(A) the Borrower is required to pay any Indemnified Taxes or additional amounts to any Facility Lender or any Governmental Authority for the account of any Facility Lender pursuant to clause (a) above or (B) any Facility Lender requests compensation under clause (a) above, and, in each case, such Facility Lender has declined or is unable to designate a different lending office or assign its rights and obligations to another of its offices, branches or Affiliates or take any other reasonable steps in accordance with clause (a) above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)any Facility Lender notifies the Borrower of an Illegality Event pursuant to clause (b) above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)any Facility Lender becomes a Defaulting Lender; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)any Facility Lender becomes a Non-Consenting Lender,

then the Borrower may, at its sole expense and effort, upon notice to such Facility Lender and its Facility Agent as provided herein, require such Facility Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by the applicable Facility Agreement), all of its interests, rights (other than its existing rights to payments pursuant to Article 21 (*Tax Gross-Up and Indemnities*) or Section 22.1 (*Increased Costs*), as applicable) and obligations under the applicable Facility Agreement and the related Finance Documents to an Acceptable Lender that shall assume such obligations (which assignee may be another Facility Lender, if a Facility Lender accepts such assignment); *provided* that:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I)&nbsp;&nbsp;&nbsp;&nbsp;such Facility Lender shall have received payment of an amount equal to the Senior Debt Obligations due and payable to such Facility Lender at the time from such assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II)&nbsp;&nbsp;&nbsp;&nbsp;in the case any such assignment resulting from a claim for indemnification under Article 21 (*Tax Gross-Up and Indemnities*), such assignment shall result in a reduction in such payment of Indemnified Taxes or additional amounts to any Facility Lender or any Governmental Authority for the account of any Facility Lender thereafter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(III)&nbsp;&nbsp;&nbsp;&nbsp;in the case of any such assignment resulting from a claim for compensation under Section 22.1 (*Increased Costs*), such assignment will result in a reduction in such compensation thereafter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(IV)&nbsp;&nbsp;&nbsp;&nbsp;such assignment may be made on a non *pro rata* basis to existing or non-affected Facility Lenders but otherwise subject to Section 3.6 (*Prepayment Fees and Funding Losses*) and the transfers terms of the applicable Facility Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(V)&nbsp;&nbsp;&nbsp;&nbsp;such assignment does not conflict with applicable law or regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(VI)&nbsp;&nbsp;&nbsp;&nbsp;in the case of any assignment resulting from a Facility Lender becoming a Non-Consenting Lender, the applicable assignee shall have consented to the applicable amendment, waiver or consent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(VII)&nbsp;&nbsp;&nbsp;&nbsp;the Borrower shall have paid to the Facility Agent the assignment fee (if any).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)A Facility Lender shall not be required to make any such assignment or delegation pursuant to clause (c) above if, prior thereto, as a result of a waiver by such Facility Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation pursuant to clause (c) above cease to apply. Notwithstanding the satisfaction of each of the conditions set forth in Article 21 (*Tax Gross-Up and Indemnities*) or Section 22.1 (*Increased Costs*), a Facility Lender shall have the right to refuse to be replaced pursuant to sub-clause 19.5(c)(i) above; *provided* that, the Borrower shall no longer be obligated to pay such Facility Lender any of the compensation or additional amounts incurred or accrued under Article 21 (*Tax Gross-Up and Indemnities*) or Section 22.1 (*Increased* 

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*Costs*) from and after the date that such replacement would have occurred but for such Facility Lender's refusal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)As a condition of the right of the Borrower to remove any Facility Lender pursuant to this Section 19.5 (*Mitigation Obligations; Replacement of Lenders*), the Borrower shall either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)arrange for the assignment or novation of any Permitted Hedging Instruments with such Facility Lender or any of its Affiliates simultaneously with such removal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)terminate the applicable Permitted Hedging Instruments and pay any relevant Hedging Termination Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19.6Transfers by a Facility Lender**

Facility Lenders with rights or obligations under this Agreement or any other Finance Documents to which it is a party (in its capacity as a Facility Lender) (an "*Existing Facility Lender*") may not assign or transfer, novate or otherwise dispose of any of their rights or obligations in existence at such time except in accordance with the relevant Facility Agreement, and any attempted assignment or transfer without complying with the provisions of this Section 19.6 (*Transfers by a Facility Lender*) shall be void and invalid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19.7Register**

The Facility Agent under each Facility Agreement shall maintain a register of Lenders under such Facility Agreement in accordance with the terms and conditions of the relevant Facility Agreement (the "*Register*").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19.8Resulting Increased Costs** 

If:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)any assignment or transfer of all or any part of the rights and/or obligations of a Facility Lender pursuant to this Agreement and the applicable Facility Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)any change in a Facility Lender's facility office from that described in Schedule C (*List of Senior Creditors, Senior Creditor Group Representatives, Senior Debt Commitments / Obligations, Senior Debt Instruments / Permitted Senior Debt Hedging Instruments, Addresses for Notice and Facility Lenders Facility Office*) to the Common Security and Account Agreement,

would, but for this Section 19.8 (*Resulting Increased Costs*), result, as a consequence of circumstances which are prevailing at that time, in the Borrower

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being obliged to pay any incurred costs (whether as a result of increased costs, illegality or fees in respect of Security Documents, Direct Agreements or perfection of security interests or similar provisions, except as a result of the tax gross-ups provided for under Article 21 (*Tax Gross-Up and Indemnities*)) or indemnities which would not have been payable if such assignment, novation, transfer or change of office had not occurred, then, unless such assignment, novation, transfer or change in facility office was made at the request of the Borrower in accordance with mitigation provisions of the Finance Documents, the Facility Lender shall only be entitled to receive those amounts to the extent that such amounts would have been payable in connection with the Existing Facility Lender or the Existing Facility Lender's facility office had the assignment, transfer or change in facility office not occurred.

**20. SUBORDINATION** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20.1Subordination**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Parties hereto agree that to the extent that the Sponsor or any Affiliate thereof, or any other Person, intends to provide Subordinated Debt to the Obligors after the Upsize Closing Date, each Obligor shall require that the Sponsor, such Affiliate or other Person, as applicable, lending it such Subordinated Debt shall enter into as a condition precedent to providing such Subordinated Debt a Subordination Agreement substantially in the form included in Schedule S – 1 (*Form of General Subordination Agreement*) hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Parties hereto agree that on the Initial Closing Date the Obligors entered into a subordination agreement substantially in the form included in Schedule S – 2 (*Form of Obligor Subordination Agreement*) hereto, which shall apply to any Indebtedness any Obligor may from time to time be owed by any other Obligor.

**21. TAX GROSS-UP AND INDEMNITIES** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21.1Withholding Tax Gross-Up**

Any and all payments by or on account of any obligation of the Borrower under or in connection with any Finance Document shall be made without deduction or withholding for or on account of any Taxes, except as required by applicable law. If any applicable law (as determined in the good faith discretion of the Borrower or the relevant Facility Agent, as applicable) requires the deduction or withholding of any Tax from any such payment by the Borrower or the applicable Facility Agent, then the Borrower or the applicable Facility Agent shall make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if such Tax is an Indemnified Tax, then the sum payable by the Borrower shall be increased as necessary so that after such deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Article 21 (*Tax Gross-Up and Indemnities*)), the relevant

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Finance Party receives an amount equal to the sum it would have received had no such deduction or withholding of Indemnified Taxes been made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21.2Payment of Other Taxes**

Without duplication of Section 21.1 (*Withholding Tax Gross-Up*) and Section 21.3 (*Indemnification by the Borrower*), the Borrower shall timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option of the applicable Facility Agent timely reimburse it for the payment of, any Other Taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21.3Indemnification by the Borrower**

Without duplication of Section 21.1 (*Withholding Tax Gross-Up*) and Section 21.2 (*Payment of Other Taxes*), the Borrower shall indemnify each Finance Party and each Facility Agent (and any of their respective Affiliates), within 20 Business Days after written demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Article 21 (*Tax Gross-Up and Indemnities*)) payable or paid by, or required to be withheld or deducted from a payment to, such Finance Party or Facility Agent (or Affiliate) in connection with a Finance Document, and any reasonable expenses arising therefrom or with respect thereto (but excluding any such amounts resulting from the gross negligence, bad faith or willful misconduct of such Finance Party or Facility Agent (or Affiliate) as determined by a final non-appealable judgment in a court of competent jurisdiction), whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate setting forth in reasonable detail the basis for such claim and the calculation of the amount of any such payment or liability delivered to the Borrower by a Finance Party (with a copy to the relevant Facility Agent), or by a Facility Agent on its own behalf or on behalf of a Finance Party, shall be conclusive absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21.4Indemnification by the Facility Lenders**

Each Facility Lender shall severally indemnify its Facility Agent, within 20 Business Days after written demand therefor, for (a) any Indemnified Taxes attributable to such Facility Lender (but only to the extent that the Borrower has not already indemnified such Facility Agent for such Indemnified Taxes and without limiting the obligation of the Borrower to do so), (b) any Taxes attributable to such Facility Lender's failure to comply with the provisions of Section 19.6 (*Transfers by a Facility Lender*) and the relevant Facility Agreement relating to the maintenance of a Participant Register and (c) any Excluded Taxes attributable to such Facility Lender, in each case, that are payable or paid by such Facility Agent in connection with any Finance Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes

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were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Facility Lender by its Facility Agent shall be conclusive absent manifest error. Each Facility Lender hereby authorizes its Facility Agent to set off and apply any and all amounts at any time owing to such Facility Lender under any Finance Document or otherwise payable by such Facility Agent to the Facility Lender from any other source against any amount due to such Facility Agent under this Section 21.4 (*Indemnification by the Facility Lenders*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21.5Status of Facility Lenders and Facility Agents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Any Facility Lender entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Finance Document shall deliver to the Borrower and its Facility Agent, at the time or times reasonably requested by the Borrower or such Facility Agent, such properly completed and executed documentation reasonably requested by the Borrower or such Facility Agent as shall permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Facility Lender, if reasonably requested by the Borrower or such Facility Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower or such Facility Agent as shall enable the Borrower or such Facility Agent to determine whether or not such Facility Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in sub-clauses 21.5(b)(i), 21.5(b)(ii) and 21.5(b)(iv) below) shall not be required if, in the Facility Lender's reasonable judgment, such completion, execution or submission would subject such Facility Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Facility Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Without limiting the generality of the foregoing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)any Facility Lender that is a US Person shall deliver to the Borrower and its Facility Agent on or prior to the date on which such Facility Lender becomes a Facility Lender under the relevant Facility Agreement (and from time to time thereafter upon the reasonable request of the Borrower or such Facility Agent) two executed copies of IRS Form W-9 certifying that such Facility Lender is exempt from US federal backup withholding tax;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)any Facility Lender that is not a US Person shall, to the extent it is legally entitled to do so, deliver to the Borrower and its Facility Agent (in such number of copies as shall be requested by the

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recipient) on or prior to the date on which such Facility Lender becomes a Facility Lender under the relevant Facility Agreement (and from time to time thereafter upon the reasonable request of the Borrower or such Facility Agent) whichever of the following is applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)in the case of a Facility Lender claiming the benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Finance Document, executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E (or any successor form) establishing an exemption from, or reduction of, US federal withholding Tax pursuant to the "interest" article of such tax treaty and (y) with respect to any other applicable payments under any Finance Document, IRS Form W-8BEN or IRS Form W-8BEN-E (or any successor form) establishing an exemption from, or reduction of, US federal withholding Tax pursuant to the "business profits" or "other income" article of such tax treaty;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)executed copies of IRS Form W-8ECI (or any successor form);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)in the case of a Facility Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate to the effect that such Facility Lender is not a "bank" within the meaning of Section 881(c)(3)(A) of the Code, a "10 percent shareholder" of the Borrower (or, if the Borrower is a disregarded entity for U.S. federal income tax purposes, of its first regarded owner) within the meaning of Section 881(c)(3)(B) of the Code, or a "controlled foreign corporation" described in Section 881(c)(3)(C) of the Code (a "*US Tax Compliance Certificate*") and (y) executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E (or any successor form); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)to the extent a Facility Lender is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8EXP, IRS Form W-8ECI, IRS Form W-8BEN or IRS Form W-8BEN-E, a US Tax Compliance Certificate, IRS Form W-9 (or, in each case, any successor form), and/or other certification documents from each beneficial owner, as applicable; *provided* that, if the Facility Lender is a partnership and one or more direct or

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indirect partners of such Facility Lender are claiming the portfolio interest exemption, such Facility Lender may provide a US Tax Compliance Certificate on behalf of each such direct and indirect partner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)any Facility Lender that is not a US Person shall, to the extent it is legally entitled to do so, deliver to the Borrower and its Facility Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Facility Lender becomes a Facility Lender under the relevant Facility Agreement (and from time to time thereafter upon the reasonable request of the Borrower or such Facility Agent) executed copies of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in US federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower or such Facility Agent to determine the withholding or deduction required to be made; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)if a payment made to a Facility Lender under any Finance Document would be subject to US federal withholding Tax imposed by FATCA if such Facility Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Facility Lender shall deliver to the Borrower and its Facility Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or such Facility Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or such Facility Agent as may be necessary for the Borrower and such Facility Agent to comply with their obligations under FATCA and to determine whether such Facility Lender has complied with such Facility Lender's obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this sub-clause (iv), "*FATCA*" shall include any amendments made to FATCA after the Initial Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Any Facility Agent shall provide on or prior to the date it becomes a party to the Facility Agreement two executed copies of (i) if such Facility Agent is not a US Person, (x) with respect to payments made to such Facility Agent on behalf of a Facility Lender, IRS Form W-8IMY (or any successor form) certifying that it is a "U.S. branch" within the meaning of US Treasury Regulation Section 1.1441-1(b)(2)(iv)(A), with the effect that

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the Borrower may make payments to the Facility Agent, to the extent such payments are received by the Facility Agent as an intermediary, without deduction or withholding of any taxes imposed by the United States (including under FATCA), and (y) with respect to payments to such Facility Agent for its own account, IRS Form W-8ECI (or other applicable IRS Form W-8 establishing full exemption from all United States withholding taxes or any successor form), and (ii) if such Facility Agent is a US Person, IRS Form W-9 (or any successor form) confirming that the Facility Agent is exempt from US federal backup withholding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Each Facility Lender and Facility Agent agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the relevant Facility Agent in writing of its legal inability to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21.6Refunds**

To the extent that a Facility Lender or its Affiliate determines, in its sole discretion exercised in good faith, that it has obtained a refund or credit (in lieu of a refund) in respect of any Taxes as to which it has been indemnified pursuant to this Article 21 (*Tax Gross-Up and Indemnities*) (including by the payment of additional amounts pursuant to this Article 21 (*Tax Gross-Up and Indemnities*)), the relevant Facility Lender shall pay the Borrower an amount equal to such refund or credit, but only to the extent of indemnity payments made under this Article 21 (*Tax Gross-Up and Indemnities*) with respect to the Taxes giving rise to such refund or credit, and net of costs and expenses (including Taxes) and without interest (other than interest paid by the relevant Governmental Authority with respect to such refund or credit). The Borrower, upon the request of the Facility Lender or its Affiliate, shall repay to the Facility Lender or its Affiliate the amount paid over pursuant to the preceding sentence (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that the Facility Lender or its Affiliate is required to repay such refund or credit to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph, in no event shall the Facility Lender or its Affiliate be required to pay any amount to the Borrower pursuant to this paragraph the payment of which would place the Facility Lender or its Affiliate in a less favorable net after-Tax position than the Facility Lender or its Affiliate would have been in if the Tax subject to indemnification and giving rise to such refund or credit had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require any Facility Lender or its Affiliate to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the Borrower or any other Person.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21.7Evidence of Payments**

As soon as practicable after any payment of Taxes by any Obligor to a Governmental Authority pursuant to this Article 21 (*Tax Gross-Up and Indemnities*), such Obligor shall deliver to the relevant Facility Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Facility Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21.8Survival**

Each Party's obligations under this Article 21 (*Tax Gross-Up and Indemnities*) shall survive the resignation or replacement of any Facility Agent or any assignment of rights by, or the replacement of, a Facility Lender, the termination of the Facility Debt Commitments and the repayment, satisfaction or discharge of all obligations under any Finance Document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21.9Defined Terms**

For purposes of this Article 21 (*Tax Gross-Up and Indemnities*):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the term "applicable law" includes FATCA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the term "US Person" means a "United States person" as such term is defined in Section 7701(a)(30) of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the term "Finance Document" does not include any Indenture or Senior Notes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)the term "Governmental Authority" includes any government of a foreign jurisdiction; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)the term "Facility Agent" includes the Intercreditor Agent and the Collateral Agent, to the extent payments hereunder in respect of Senior Debt Obligations are made to it.

**22. INCREASED COSTS** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**22.1Increased Costs**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)If any Change in Law shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Facility Lender;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)subject any Finance Party (or its Affiliates) to any Taxes (other than (x) Indemnified Taxes, (y) Taxes described in clauses (b) through (d) of the definition of Excluded Tax and (z) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)impose on any Facility Lender any other condition, cost or expense (other than Taxes) affecting this Agreement or Loans made by such Facility Lender or any letter of credit or participation in any such Loan or letter of credit;

and the result of any of the foregoing shall be to increase the cost to such Finance Party of making, converting to, continuing or maintaining any Loan (or of maintaining its obligation to make any such Loan, or to increase the cost to such Facility Lender of participating in, issuing or maintaining any letter of credit (or of maintaining its obligation to participate in or to issue any letter of credit)), or to reduce the amount of any sum received or receivable by such Finance Party hereunder (whether of principal, interest or any other amount) then, upon request of such Finance Party, the Borrower shall within the time period specified in clause (b) below pay to such Finance Party such additional amount or amounts as shall compensate such Finance Party for such additional costs incurred or reduction suffered (except to the extent the Borrower is excused from payment pursuant to Section 19.5 (*Mitigation Obligations; Replacement of Lenders*) or Section 19.8 (*Resulting Increased Costs*)).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)If any Facility Lender determines that any Change in Law regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Facility Lender's capital or (without duplication) on the capital of such Facility Lender's holding company, if any, as a consequence of this Agreement, the Facility Debt Commitments of such Facility Lender or the Loans made by such Facility Lender or participations in letters of credit held by such Facility Lender to a level below that which such Facility Lender or such Facility Lender's holding company could have achieved but for such Change in Law (taking into consideration such Facility Lender's policies and the policies of such Facility Lender's holding company with respect to capital adequacy and liquidity), then from time to time upon notice by such Facility Lender, the Borrower shall pay to such Facility Lender within 30 days following the receipt of such notice by the Facility Lender such additional amount or amounts as shall compensate such Facility Lender or (without duplication) such Facility Lender's holding company for any such reduction suffered (except to the extent the Borrower is excused from payment pursuant to

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Section 19.5 (*Mitigation Obligations; Replacement of Lenders*) or Section 19.8 (*Resulting Increased Costs*)).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The applicable Finance Party will deliver to the Borrower (with a copy to the Intercreditor Agent) a certificate setting forth in reasonable detail the amount or amounts necessary to compensate such Finance Party or its holding company, as the case may be, as specified in clauses (a) and (b) above. The Borrower shall pay such Finance Party the amount shown as due on any such certificate within 30 days after receipt thereof. Such certificate shall be conclusive absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Failure or delay on the part of any Finance Party to demand compensation pursuant to this Section 22.1 (*Increased Costs*) shall not constitute a waiver of such Finance Party's right to demand such compensation; *provided* that, the Borrower shall not be required to compensate a Finance Party pursuant to this Section 22.1 (*Increased Costs*) for any increased costs or reductions incurred or reductions suffered more than 180 days prior to the date that such Facility Lender notifies the Borrower of the Change in Law giving rise to such increased costs or reductions, and of such Facility Lender's intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 180 day period referred to above shall be extended to include the period of retroactive effect thereof).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Notwithstanding any other provision in this Agreement, no Facility Lender shall demand compensation pursuant to this Article 22 (*Increased Costs*) in respect of the Change in Law arising from the matters described in the proviso to the definition of "Change in Law" if it shall not at the time be the general policy or practice of such Facility Lender, as determined by such Facility Lender, to demand such compensation in similar circumstances under comparable provisions of other credit agreements, if any. For the avoidance of doubt, this clause (e) shall not impose an obligation on a Facility Lender to provide information regarding compensation claimed and/or paid under any other specific loan agreement; *provided* that, such Facility Lender shall, upon request from the Borrower, provide a written confirmation to the Borrower regarding whether it is the general policy or practice of such Facility Lender, as the case may be, to demand such compensation in similar circumstances under comparable provisions of other credit agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**22.2Relationship Between Increased Costs and Taxes**

Any compensation of a Facility Lender pursuant to Article 21 (*Tax Gross-Up and Indemnities*) shall be made without duplication under this Article 22 (*Increased Costs*) and any compensation of a Facility Lender pursuant to this Article 22

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(*Increased Costs*) shall be made without duplication under Article 21 (*Tax Gross-Up and Indemnities*).

**23. MISCELLANEOUS** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.1Termination**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Upon the occurrence of the Discharge Date in respect of the Senior Debt Obligations under this Agreement and each Facility Agreement, then, subject to reinstatement as provided in clause (c) below, this Agreement shall terminate and the Intercreditor Agent shall, at the expense of the Borrower, execute and deliver a termination statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The obligations of the Facility Lenders to make further disbursements of Loans under their respective Facility Agreements shall terminate in accordance with the applicable Facility Agreement and, in any case, upon the termination of this Agreement, and the Security Interests of such Facility Lenders shall be discharged and released pursuant to Section 12.1 (*Termination*) of the Common Security and Account Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)This Agreement shall continue to be effective or be reinstated, as the case may be, if (and only to the extent that) any payment or performance of the obligations of the Borrower hereunder is rescinded, avoided, voidable, liable to be set aside, reduced or otherwise not properly payable to, or must otherwise be returned or restored by the Intercreditor Agent, any Facility Agent, the Collateral Agent or any Facility Lender as a result of (i) Bankruptcy, insolvency, reorganization with respect to the Borrower or the Intercreditor Agent, any Facility Agent, the Collateral Agent or any Facility Lender, (ii) upon the dissolution of, or appointment of any intervenor, conservator, trustee or similar official for the Borrower, the Intercreditor Agent, any Facility Agent, the Collateral Agent or any Facility Lender or for any substantial part of the Borrower's or any other such Person's assets, (iii) as a result of any settlement or compromise with any Person (including the Borrower) in respect of such payment or otherwise, or (iv) any similar event or otherwise and, in such case, the provisions of Section 10.1 (*Nature of Obligations*) of the Common Security and Account Agreement shall apply hereto *mutatis mutandis*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.2Right of Set-Off**

Each Facility Lender, each Facility Agent and the Intercreditor Agent are hereby authorized at any time and from time to time, to the fullest extent permitted by law but subject to any other provision of this Agreement and the Finance Documents, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such Facility Lender, each Facility Agent or the Intercreditor Agent, as

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applicable, to or for the credit or the account of any Obligor, as applicable, against the Senior Debt Obligations due and payable to such Facility Lender, such Facility Agent or the Intercreditor Agent, as applicable, at the time of such offset. If the obligations are in different currencies, the Facility Lender, the Facility Agent and the Intercreditor Agent, as applicable, may convert either obligation at a market rate of exchange in its usual course of business for the purposes of the set-off. The rights of each Facility Lender, each Facility Agent and the Intercreditor Agent under this Section 23.2 (*Right of Set-Off*) are in addition to other rights and remedies (including other rights of set-off) that such Facility Lender, such Facility Agent and the Intercreditor Agent, as applicable, may have. Each Facility Lender shall notify its respective Facility Agent and the Borrower forthwith upon the exercise or purported exercise of any right of set-off, giving full details in relation thereto, and such Facility Agent shall promptly inform the Intercreditor Agent in writing, who shall inform the other Facility Agents of the same. Any amounts set off by any Facility Lender in accordance with this Section 23.2 (*Right of Set-Off*) or under this Agreement shall be subject to the sharing arrangements set forth in Section 2.3(b) (*Payments and Prepayments – Sharing of Non-Pro Rata Payments*) of the Common Security and Account Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.3Waiver of Immunity**

To the extent that any Party hereto has or hereafter may acquire, or be entitled to claim for itself or its assets, any immunity from jurisdiction of any court or from any legal process (whether through service or notice, attachment in aid of execution, execution or otherwise) with respect to itself or its assets, it shall irrevocably agree not to claim and hereby irrevocably waives such immunity in respect of its obligations under the Finance Documents to which it is a party and all other documents to be executed and delivered in connection with the Finance Documents to which it is a party and the transactions contemplated thereby and, without limiting the generality of the foregoing, hereby agrees that the waivers set forth in this Section 23.3 (*Waiver of Immunity*) shall be effective to the fullest extent permitted under applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.4Expenses**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Borrower shall pay to the Intercreditor Agent or a Facility Agent, as the case may be, within 30 days of demand (such demand being made together with copies of invoices and reasonable supporting evidence of the nature and amount of such costs), without duplication in respect of indemnity and/or reimbursement required under any other Finance Document:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)to the extent such expenses have not been paid by the Borrower from the proceeds of the first disbursement of Loans pursuant to Section 4.1(p) (*Conditions to Initial Closing Date and Initial Advance – Fees; Expenses*) or with proceeds on deposit in the

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Accounts on the Upsize Closing Date pursuant to Section 4.2(p) (*Conditions to Upsize Closing Date – Fees; Expenses*), the amount of all reasonable costs and expenses (including reasonable legal fees and expenses and excluding fees of Consultants, which shall be exclusively governed by Section 13.2 (*Replacement and Fees*)) incurred by any Facility Lender, Facility Agent or the Intercreditor Agent in connection with the negotiation, preparation, printing, execution and/or syndication of the Finance Documents to which it is a party, based upon fee parameters (if any, including the terms of the party's applicable engagement or commitment letter, or Facility Agreement, as the case may be) agreed between the Borrower and the relevant parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the amount of all reasonable costs and expenses (including reasonable legal fees and expenses and excluding fees of Consultants, which shall be exclusively governed by Section 13.2 (*Replacement and Fees*)) incurred by any Facility Lender, Facility Agent or the Intercreditor Agent in connection with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)the negotiation, preparation and execution of any Finance Document executed after the Initial Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)any amendment, waiver or consent requested by or on behalf of the Borrower or specifically allowed by this Agreement, whether or not granted; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)the exercise of its powers and the performance of its duties under this Agreement and any other Finance Documents; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the amount of all costs and expenses (including legal fees and expenses and excluding fees of Consultants, which shall be exclusively governed by Section 13.2 (*Replacement and Fees*)) incurred by any Facility Lender, Facility Agent or the Intercreditor Agent in connection with the enforcement or preservation of any rights under any Finance Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Facility Lenders, the Facility Agents and the Intercreditor Agent, as applicable, shall inform the Borrower on a regular basis of the ongoing costs and expenses referred to in clause (a) above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Notwithstanding anything to the contrary in this Section 23.4 (*Expenses*), the Facility Lenders, Facility Agents and the Intercreditor Agent shall only be entitled to the reimbursement of legal fees and expenses for the use of only one law firm engaged for all of the Facility Lenders, the Facility Agents and the Intercreditor Agent in each relevant jurisdiction unless one

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or more of the Facility Lenders, the Facility Agents or the Intercreditor Agent incurring such fees and expenses reasonably believes that there is a reasonable likelihood of a conflict of interest between any of them (the existence of which shall be notified to the Borrower) necessitating the use of more than one law firm in any such jurisdiction, in which case the fees and expenses of one additional firm in each relevant jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Notwithstanding anything to the contrary in this Section 23.4 (*Expenses*), payment of expenses by the Borrower hereunder to be made to only a certain specified Facility Lender or Facility Lenders shall be received by the Intercreditor Agent or the relevant Facility Agent solely for the benefit of such Facility Lender or Facility Lenders, and the Borrower shall also be permitted to make the payment directly to such Facility Lender or Facility Lenders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)This Section 23.4 (*Expenses*) shall not apply to Taxes, which shall be governed exclusively by Article 21 (*Tax Gross-Up and Indemnities*) and Article 22 (*Increased Costs*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.5Calculation of Floating Rate Obligations**

In calculating amounts to be calculated under this Agreement, other than any interest payable on Senior Debt Obligations on which interest is payable at a floating rate of interest, if a floating rate is not known for the entire period, the floating rate to be used shall be reasonably estimated by the Borrower at the time of determination thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.6Severability**

Any term or provision of this Agreement or the application thereof to any circumstance that is illegal, invalid, prohibited or unenforceable (to any extent) in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such illegality, invalidity, prohibition or unenforceability without invalidating or rendering unenforceable the remaining terms or provisions hereof or the application of such term or provision to circumstances other than those to which it is held illegal, invalid, prohibited or unenforceable. Any such illegality, invalidity, prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such term or provision in any other jurisdiction and the Parties hereto shall enter into good faith negotiations to replace the invalid, illegal, prohibited, or unenforceable term or provision with a view to obtaining the same commercial effect as this Agreement would have had if such term or provision had been legal, valid, and enforceable. To the extent permitted by applicable laws, the Parties hereto waive any provision of law that renders any term or provision of this Agreement illegal, invalid, prohibited or unenforceable in any respect.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.7Confidentiality**

The provisions of Section 12.6 (*Confidentiality*) of the Common Security and Account Agreement are incorporated by reference and shall apply *mutatis mutandis* as if fully set forth herein. For the avoidance of doubt, nothing herein prohibits any individual from communicating or disclosing information regarding suspected violations of laws, rules, or regulations to a governmental, regulatory, or self-regulatory authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.8Notices**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Except in the case of notices and other communications expressly permitted to be given by telephone, all notices and other communications provided for herein shall be in writing in the English language (or, if not available in the English language, accompanied by an English language translation of such document) and shall be delivered by hand or overnight courier service, mailed by certified or registered mail, sent by email to the address, and/or email address of the Party to whom notice is being sent set forth below or on the Register maintained by the Facility Agent under each Facility Agreement in accordance with Section 19.7 (*Register*), which Register may, at each Facility Lender's election, include email addresses for such Facility Lender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)with respect to the Obligors, the corresponding address and other notice information set forth in Schedule Q – 1 (*Addresses for Notices to Obligors*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)with respect to each Facility Lender and Facility Agent, to the corresponding address and other notice information set forth in Schedule Q – 2 (*Addresses for Notices to Facility Agents and Facility Lenders*); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)with respect to the Intercreditor Agent, to:

MUFG Bank, Ltd., as Intercreditor Agent<br>1221 Avenue of the

Americas, 6th Floor

New York, NY 10020 <br>Attention: [\*\*\*] <br>Facsimile: [\*\*\*] <br>Email: [\*\*\*]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Any notice, demand, consent or approval or communication given electronically by the Intercreditor Agent in connection with a Finance Document may be given to any Finance Party that has expressly agreed that it shall accept communication of information by this method by

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means of the Debt Domain Website, access to which is restricted to the parties to the Finance Documents, or by other electronic means in a manner and subject to rules established by the Intercreditor Agent and agreed with the Borrower; *provided* that, the Intercreditor Agent may set access protocols as reasonably needed to communicate confidentially with the other Secured Parties at its sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Any Party may change its address, fax number or email address for notices and other communications hereunder by notice to the other Parties. All notices and other communications given to any Party in accordance with the provisions of this Agreement shall be deemed to have been received: (i) in the case of a letter, when delivered personally or five days after it has been put into the post; (ii) in the case of a fax, when a complete and legible copy is received by the addressee; (iii) in the case of email, upon receipt by the sender of a return receipt message (*provided* that, in the case of sub-clause (ii) above and this sub-clause (iii), if the date of dispatch is not a Business Day or the time of dispatch is after 5:00 pm in the location of dispatch, it shall be deemed to have been received no earlier than the opening of business on the next Business Day); and (iv) in the case of a notice contemplated by clause (b) above, on the later of (x) a notice being posted on the Debt Domain Website and (y) receipt by the Intercreditor Agent of a return receipt message in respect of an email the Intercreditor Agent has sent to the relevant Party's email address (as notified to the Intercreditor Agent in writing at least five days before any email is sent by the Intercreditor Agent or notice posted on the Debt Domain Website) notifying such Party that the notice has become available on the Debt Domain Website.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Communication by one Party to any other Party may, at the election of each such Party, be by electronic mail. For the purpose of the Finance Documents, an electronic communication will be treated as being in writing. Inclusion of an email address or addresses in the notice details for a Party shall indicate that such Party elects to receive and send communications by email subject to any particular requirements relating thereto of which it has notified each other Party. The absence of the notification of an email address shall indicate that such Party does not elect to receive or send communication by email, and any email communication to it shall be deemed not to have been delivered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)In the event of any change in the identity of any of the authorized officers of the Obligors referred to in the documentary evidence provided for pursuant to Section 4.2(k) (*Conditions to Upsize Closing Date – Bank Regulatory Requirements*) and Section 4.2(l) (*Conditions to Upsize Closing Date – Officer's Certificates*), the relevant Obligor shall promptly notify the Intercreditor Agent in writing of such change and, at the same

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time, furnish to the Intercreditor Agent certified signature specimen(s) in respect of the relevant Obligor's new authorized officer(s). The Finance Parties may rely upon and refer to certified signature specimen(s) previously received by the Intercreditor Agent until such time as the Intercreditor Agent receives notice from the relevant Obligor of such change and the relevant certified signature specimen(s) to be furnished in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Each of the Obligors and the other Parties to this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)consents to the inclusion in the Debt Domain Website of its name, its logo and a link to its website, if any;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)acknowledges that the Intercreditor Agent shall issue user identifiers, passwords and other information necessary for access to the Debt Domain Website ("*Access Information*") to the Borrower and the other Parties to this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)undertakes to ensure that all Access Information issued to it by the Intercreditor Agent is kept secure and confidential in accordance with Section 12.6 (*Confidentiality*) of the Common Security and Account Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)acknowledges that the Debt Domain Website is provided "as is" and "as available" and that the Intercreditor Agent does not warrant the accuracy or completeness of the communications or the adequacy of the Debt Domain Website and expressly disclaims liability for errors or omissions in the communications;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)acknowledges that no warranty of any kind, express implied or statutory, including any warranty of merchantability, fitness for a specific purpose, non-infringement of third party rights or freedom from viruses or other code defects, is made by the Intercreditor Agent in connection with the communications or the Debt Domain Website; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)agrees that neither the Intercreditor Agent nor any of its officers, directors, employees, agents, advisors or representatives is liable for damages of any kind, including direct or indirect, special, incidental or consequential, or any losses or expenses (whether in tort, contract or otherwise) incurred or suffered by it or any other Person as a result of its access or use of the Debt Domain Website or inability to access or use the Debt Domain Website (other than for its own gross negligence, fraud or willful misconduct as determined by a court of competent jurisdiction in a final and non-appealable judgment).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.9Successors and Assigns; Benefits of Agreement**

This Agreement shall be binding upon and inure to the benefit of each of the Parties hereto (and the Facility Lenders claiming through the Parties hereto) and their subsequent respective permitted successors, permitted transferees and permitted assigns, and nothing in this Agreement, in any Senior Debt Instrument, in any Permitted Senior Debt Hedging Instrument, or in any other Finance Document, express or implied, shall give to any other Person any benefit or any legal or equitable right or remedy under this Agreement (other than the Parties hereto, their respective successors, transferees and assigns permitted hereby and, to the extent expressly contemplated thereby, the shareholders, members, partners, directors, officers, employees and agents of each of the Intercreditor Agent, Facility Agents, Facility Lenders and other indemnitees under Article 21 (*Tax Gross-Up and Indemnities*)).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.10Remedies**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Other than as stated expressly herein, no remedy under this Agreement or any other Finance Document conferred on any Finance Party is intended to be exclusive of any other remedy, and each and every such remedy shall be cumulative and shall be in addition to every other remedy given under the Finance Documents, or now or hereafter existing at law or in equity or by statute or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The amounts payable by the Borrower at any time under this Agreement or any other Finance Document shall each be a separate and independent debt and each Finance Party, except as otherwise specifically provided in this Agreement or any other Finance Document, shall be entitled to protect and enforce its rights arising out of this Agreement or any other Finance Document, and its right, pursuant to this Agreement including any applicable Facility Agreements, to cancel or suspend its commitment to provide Senior Debt Obligations and to accelerate the maturity of amounts due under its Facility Agreement, and, except as aforesaid, it shall not be necessary for any other Finance Party to consent to, or be joined as an additional party in, any proceedings for such purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Except as otherwise specifically provided in this Agreement or any other Finance Document, no failure on the part of any Finance Party to exercise and no delay in exercising, and no course of dealing with respect to, any right, power or privilege under this Agreement or any other Finance Document, shall operate as a waiver thereof nor shall any single or partial exercise of any right, power or privilege under any such document preclude any other or further exercise thereof or the exercise of any other right, power or privilege. No Finance Party shall be responsible for the failure of any other Finance Party to perform its obligations hereunder or under any Facility Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)In case any Facility Lender or the Collateral Agent or the Intercreditor Agent on behalf of the Senior Creditors shall have proceeded to enforce any right, remedy or power under and in accordance with this Agreement or any Finance Document and the proceeding for the enforcement thereof shall have been discontinued or abandoned for any reason or shall have been determined adversely to such Facility Lender, then and in every such case the relevant Obligor and the Facility Lender shall, subject to any effect of or determination in such proceeding, severally and respectively be restored to their former positions and rights hereunder and under the Finance Documents, and thereafter all rights, remedies and powers of the Facility Lenders shall continue as though no such proceeding had been taken.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)The rights of each Facility Lender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)may be exercised as often as necessary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)are cumulative and not exclusive of its rights under general law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)may be waived only in writing and specifically.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)The undertakings by, and the obligations of, the Obligors set forth in this Agreement or in the Finance Documents are for the benefit of the Secured Parties alone, in accordance with the terms thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.11Execution in Counterparts; E-Signature**

This Agreement may be executed in any number of counterparts and by the different Parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all the counterparts shall together constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement in electronic format (*e.g.*, "pdf" or "tif") shall be effective as delivery of a manually executed counterpart of this Agreement. The words "execution", "execute", "signed", "signature", and words of like import in or related to any document signed or to be signed in connection with this Agreement and the transactions contemplated hereby shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the parties hereto, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.12Governing Law**

THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.13Waiver of Jury Trial**

**EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE FINANCE DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED THEREBY.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.14Consent to Jurisdiction**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)All Parties to this Agreement, as contemplated by Section 23.12 (*Governing Law*), shall consent to the exclusive jurisdiction of the courts of the State of New York or of the United States of America for the Southern District of New York (except as otherwise specifically provided herein).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Each Party hereto:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)hereby irrevocably consents and agrees for the benefit of the Facility Lenders that the federal or state courts in the Borough of Manhattan, the City of New York shall have jurisdiction over any legal action, suit or proceeding against it with respect to its obligations, liabilities or any other matter under or arising out of, or in connection with, this Agreement and the Loans;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)irrevocably waives any objection it may now or hereafter have to the laying of venue of any action or proceeding in any such court and any claim it may now or hereafter have that any action or proceeding has been brought in an inconvenient forum; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)irrevocably consents and agrees that the submission to the jurisdiction of the federal or state courts in the Borough of Manhattan, the City of New York shall not limit the rights of the Facility Lenders to bring any action or proceeding in any other court of competent jurisdiction nor shall the bringing of any action or the taking of any proceedings in any other jurisdiction (whether concurrently or not) limit such rights, in each case, to the extent permitted by applicable law.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.15Amendments**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Except as otherwise expressly provided in this Agreement (including as provided in clause (b) below), this Agreement may be amended, modified or supplemented only by an agreement in writing signed by the Borrower, the Guarantors and the Intercreditor Agent on behalf of each Facility Agent (with copies to each Facility Agent). Except as otherwise expressly provided in the relevant agreement or document, no waiver or consent of any term or condition of this Agreement or any other Finance Document in favor of the Borrower or any Guarantor or any other Party hereto or thereto by any Facility Lender, its Facility Agent or the Intercreditor Agent may be given or granted by such parties except in accordance with the Intercreditor Agreement. The Facility Lenders may not agree to amend, modify or supplement this Agreement except in accordance with the Intercreditor Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The written agreement contemplated in clause (a) above shall not be required:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)[reserved];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)for a successor Intercreditor Agent to accede to this Agreement in accordance with Section 18.7 (*Resignation and Succession*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)for a replacement Facility Agent to accede to this Agreement in accordance with Section 19.3 (*Replacement of Facility Agents*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)for a new Facility Agent to accede to this Agreement in accordance with Section 19.4 (*Accession in the Event of Additional Senior Debt Incurred Under the Common Terms Agreement*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)to make entries on Schedule Q – 1 (*Addresses for Notices to Obligors*) to update any notification addresses of any Party therein or to amend the description of the relevant Obligor's authorized and issued equity capital and name and ownership interest of the Borrower's member;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)to update Schedule F (*Material Permits*) in accordance with the provisions of Section 10.4(b)(xi) (*Construction Reports*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)to update Schedule U (*Real Property Documents*) to reflect new or amended Real Property Documents referenced in clause (i) of the definition thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)to replace any provider of Equity Commitment Support so long as such replacement entity is either (x) a provider of the corresponding type of Equity Commitment Support as of the

&nbsp;&nbsp;&nbsp;&nbsp;

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Upsize Closing Date or (y) a new entity that is an Acceptable Equity Commitment Provider; *provided* that, any modifications to, or replacement of, the Equity Commitment Documents (including the agreements relating thereto) shall require the prior written approval of the Super-Majority Facility Lenders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.16Conflicts**

In case of any conflict or inconsistency between the main body of this Agreement and any Facility Agreements (including any promissory note delivered thereunder), this Agreement shall control.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.17Effectiveness**

This Agreement shall come into full force and effect on the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.18Limitations on Liability**

No claim shall be made by any Party hereto or any of their respective Affiliates against any other Party hereto or any of their Affiliates, directors, employees, attorneys or agents for any special, indirect, consequential or punitive damages (whether or not the claim therefor is based on contract, tort or duty imposed by law), in connection with, arising out of or in any way related to the transactions contemplated by this Agreement or the other Finance Documents, Material Project Agreements or any act or omission or event occurring in connection therewith; and each Party hereby waives, releases and agrees not to sue upon any such claim for any such damages, whether or not accrued and whether or not known or suspected to exist in its favor; *provided* that, this Section 23.18 (*Limitations on Liability*) shall not be construed to relieve any Obligor of any obligation it may otherwise have hereunder or under any Finance Document to indemnify any Secured Party or any applicable Related Party against any claim, cost, loss, expense (including reasonable legal fees and expenses), damage or liability, sustained or incurred by or asserted against such Secured Party or Related Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.19Survival of Obligations**

The provisions of Article 21 (*Tax Gross-Up and Indemnities*), Section 22.1 (*Increased Costs*), Section 23.3 (*Waiver of Immunity*), Section 23.4 (*Expenses*), Section 23.7 (*Confidentiality*), Section 23.8 (*Notices*), Section 23.9 (*Successors and Assigns*; *Benefits of Agreement*), Section 23.12 (*Governing Law*), Section 23.13 (*Waiver of Jury Trial*), Section 23.14 (*Consent to Jurisdiction*), Section 23.16 (*Conflicts*) and this Section 23.19 (*Survival of Obligations*) shall survive the termination of this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.20No Fiduciary Duty**

Each Finance Party and its respective Affiliates (collectively, solely for purposes of this Section 23.20 (*No Fiduciary Duty*) and in their capacity as a Finance Party, the "*Lenders*") may have economic interests that conflict with those of the Borrower, any Guarantor, the Sponsor or any of their Affiliates. The Obligors on behalf of themselves, the Sponsor, and any Affiliate thereof respectively agree that nothing in the Finance Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between any Lender, on the one hand, and any of the Borrower, any Guarantor, or the Sponsor or their Affiliates, on the other hand. The Obligors acknowledge and agree that (i) the transactions contemplated by the Finance Documents (including the exercise of rights and remedies hereunder and thereunder) are arm's-length commercial transactions between the Facility Lenders, on the one hand, and the relevant Obligors, on the other hand, and (ii) in connection therewith and with the process leading thereto, (x) no Lender has assumed an advisory or fiduciary responsibility in favor of the Borrower, any Guarantor, the Sponsor or any of their Affiliates with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading thereto (irrespective of whether any Lender has advised, is currently advising or shall advise the Borrower, any Guarantor, the Sponsor or any of their Affiliates on other matters) or any other obligation of the relevant Obligor except the obligations expressly set forth in the Finance Documents and (y) each Facility Lender is acting solely as principal and not as the agent or fiduciary of the Borrower, any Guarantor, the Sponsor or any of their Affiliates or any other Person. Each of the Obligors acknowledges and agrees that it has consulted its own legal and financial advisors to the extent it deemed appropriate and that it is responsible for making its own independent judgment with respect to such transactions and the process leading thereto. Each of the Obligors agrees that it shall not claim that any Lender has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to the respective Obligor, in connection with such transactions or the process leading thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.21USA Patriot Act Notice**

Each Facility Lender that is subject to the requirements of the USA Patriot Act, each Facility Agent (for itself and not on behalf of any Facility Lender) and the Intercreditor Agent (for itself and not on behalf of any Facility Lender) hereby notifies each Obligor that pursuant to the requirements of the USA Patriot Act, it is required to obtain, verify and record information that identifies each Obligor, which information includes the name, taxpayer identification number and business address of each Obligor and other information that shall allow such Facility Lender, Facility Agent or the Intercreditor Agent, as applicable, to identify each Obligor in accordance with the USA Patriot Act.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.22Limited Recourse**

Subject to clause (b) below, each Secured Party that is a party hereto acknowledges and agrees that the obligations of the Obligors and the Pledgor under this Agreement and the other Finance Documents, including with respect to the payment of the principal of or premium or penalty, if any, or interest on any Senior Debt Obligations, or any part thereof, or for any claim based thereon or otherwise in respect thereof or related thereto, are obligations solely of the Obligors and the Pledgor (as applicable) and shall be satisfied solely from the security and assets of the Obligors and the Pledgor and shall not constitute a debt or obligation of Affiliates of Borrower (other than the other Obligor or the Pledgor), nor of any past, present or future shareholders, partners, members, directors, officers, employees, agents, attorneys or representatives of the Obligors and their Affiliates (collectively (but excluding the Obligors and the Pledgor), the "*Non-Recourse Parties*").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Each Secured Party that is a party hereto acknowledges and agrees that, subject to clause (b) below, the Non-Recourse Parties shall not be liable for any amount payable under this Agreement or any other Finance Document, and no Secured Party shall seek a money judgment or deficiency or personal judgment against any Non-Recourse Party for payment or performance of any obligation of the Obligors under this Agreement or the other Finance Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The acknowledgments, agreements and waivers set out in this Section 23.22 (*Limited Recourse*) shall be enforceable by any Non-Recourse Party and are a material inducement for the execution of this Agreement and the other Finance Documents by the Obligors; *provided* that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the foregoing provisions of this Section 23.22 (*Limited Recourse*) shall not constitute a waiver, release or discharge of either Obligor or the Pledgor for any of the Indebtedness or Senior Debt Obligations of either Obligor or the Pledgor under, or any terms, covenants, conditions or provisions of, this Agreement or any other Finance Document to which any of the foregoing are party, and the same shall continue until fully and paid, discharged, observed or performed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the foregoing provisions of this Section 23.22 (*Limited Recourse*) shall not limit or restrict the right of any Secured Party to name Borrower, any Guarantor, the Pledgor or any other Person as defendant in any action or suit for a judicial foreclosure or for the exercise of any other remedy under or with respect to this Agreement, any of the Security Documents or any other Finance Document to which such Person is a party, or for injunction or specific performance, so long as no judgment in the nature of a

&nbsp;&nbsp;&nbsp;&nbsp;

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deficiency judgment shall be enforced against any Non-Recourse Party out of any property other than the property of Borrower, any Guarantor, the Pledgor, or the Collateral;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the foregoing provisions of this Section 23.22 (*Limited Recourse*) shall not in any way limit, reduce, restrict or otherwise affect any right, power, privilege or remedy of the Secured Parties (or any permitted assignee or beneficiary thereof or successor thereto) with respect to, and each and every Person (including each and every Non-Recourse Party) shall remain fully liable to the extent that such Person would otherwise be liable for its own actions with respect to, any fraud, bad faith, gross negligence or willful misrepresentation, or willful misappropriation of revenues or any other earnings, rents, issues, profits or proceeds from or of Borrower, any Guarantor, the Pledgor, the Project Facilities or the Collateral that should or would have been paid as provided in the Finance Documents or paid or delivered to the Collateral Agent (or any assignee or beneficiary thereof or successor thereto) for any payment required under this Agreement or any other Finance Document; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)nothing contained herein shall limit the liability of: (x) any Person who is a party to any Finance Document, Material Project Agreement or Security Document or (y) any Person rendering a legal opinion pursuant to Article 4 (*Conditions Precedent)* of this Agreement or otherwise, in each case under this clause (iv) relating solely to such liability of such Person as may arise under such referenced agreement, instrument or opinion.

The limitations on recourse set forth in this Section 23.22 (*Limited Recourse*) shall survive the Discharge Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.23Entire Agreement**

This Agreement (including Schedules), the Security Documents and the other Finance Documents (together with any other agreements or documents referred to or incorporated by reference therein) constitute the entire agreement and understanding, and supersede all prior agreements and understandings (both written and oral), between or among any of the Parties hereto relating to the transactions contemplated hereby or thereby other than any such agreements and undertakings contained in any commitment letter or fee letter related to the Loans stated expressly to survive the execution and delivery of this Agreement, among the Borrower, on the one hand, and the Facility Lenders, on the other hand.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.24Tax Treatment**

Each party hereto agrees (a) that the Loans are intended to be treated as debt for U.S. federal income tax purposes, and (b) to report the Loans on their U.S. federal income tax returns in a manner consistent with this Section 23.24 (*Tax Treatment*) unless otherwise required pursuant to a "determination" within the meaning of Section 1313(a) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.25Amendment and Restatement** 

Except as expressly set forth herein, it is the intention of each of the parties hereto that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)this Agreement does not constitute a novation of the obligations and liabilities of the parties under the Original Common Terms Agreement or the other Original Finance Documents as in effect prior to the Upsize Closing Date and that remain outstanding as of the Upsize Closing Date (including, without limitation, all Liens and security interests in the Collateral created under the Security Documents);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)this Agreement (including all Exhibits and Schedules attached hereto) amends, restates, replaces and supersedes in its entirety the Original Common Terms Agreement (including all Exhibits and Schedules attached thereto) on the Upsize Closing Date and the Original Common Terms Agreement (including all Exhibits and Schedules attached thereto) thereafter shall be of no further force and effect, apart from the provisions that pursuant to the terms of the Original Common Terms Agreement survive the termination thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)this Agreement constitutes an amendment of the Original Common Terms Agreement made under and in accordance with the terms of Section 23.15 of the Original Common Terms Agreement and, in connection therewith, the amendments set forth herein shall be binding upon all of the parties to the Original Common Terms Agreement with the written consent of the Intercreditor Agent immediately prior to giving effect to this Agreement on the Upsize Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)from and after the Upsize Closing Date, all references to the "Common Terms Agreement" contained in the Finance Documents (including all exhibits, schedules, annexes and other attachments attached hereto) shall be deemed to refer to this Agreement and all references to any section (or subsection) of this Agreement in any other Finance Document shall be amended to become, mutatis mutandis, references to the corresponding provisions of this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)all Senior Debt Obligations (as modified by this Agreement on the Upsize Closing Date) continue to be valid, enforceable and in full force and effect and not be impaired, in any respect, by the effectiveness of this Agreement.

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective officers as of the day and year first above written.

**VENTURE GLOBAL CP2 LNG, LLC**

as the Borrower

By: /s/ Jonathan W. Thayer

Name: Jonathan W. Thayer

Title: Chief Financial Officer

**VENTURE GLOBAL CP EXPRESS, LLC**

as a Guarantor

By: /s/ Jonathan W. Thayer

Name: Jonathan W. Thayer

Title: Chief Financial Officer

**CP2 PROCUREMENT, LLC**

as a Guarantor

By: /s/Jonathan W. Thayer

Name: Jonathan W. Thayer

Title: Chief Financial Officer

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**MUFG BANK, LTD..**

as Credit Facility Agent

By: /s/ Lawrence Blat

Name: Lawrence Blat

Title: Authorized Signatory

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**MUFG BANK, LTD.**

as Intercreditor Agent

By: /s/ Lawrence Blat

Name: Lawrence Blat

Title: Authorized Signatory

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**SCHEDULE A**

**COMMON DEFINITIONS AND RULES OF INTERPRETATION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.1Amendments**

No amendment to any definition or rule of interpretation in this schedule shall be effective for purposes of any individual Finance Document unless such amendment has complied with the requirements for amendments to that Finance Document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.2Interpretation**

In this Agreement and in the Appendices, Exhibits and Schedules hereto, except to the extent that the context otherwise requires:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the **Table of Contents** and headings are for convenience only and shall not affect the interpretation of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)unless otherwise specified, references to Articles, Sections, clauses, Appendices, Exhibits and Schedules are references to Articles, Sections and clauses of, and Appendices, Exhibits and Schedules to, this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)references to any document or agreement shall be deemed to include references to such document or agreement as amended (however fundamentally), supplemented or replaced from time to time in accordance with its terms and (where applicable) subject to compliance with the requirements set forth herein and therein; *provided* that, with respect to any references to the Equator Principles, such references shall be deemed to refer to such documents in effect as of the Upsize Closing Date, without regard to any amendments, supplements or replacements thereof after such date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)references to any party to this Agreement or any other document or agreement shall include its successors and permitted transferees and assigns;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)an "*authorization*" includes an authorization, consent, approval, resolution, license, exemption, filing, registration and notarization;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)a "*month*" is a reference to a period starting on one day in a calendar month and ending on the numerically corresponding day in the next calendar month, except that, if there is no numerically corresponding day in the month in which that period ends, that period shall end on the last day in that month;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)words importing the plural include the singular and vice versa;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms;

&nbsp;&nbsp;&nbsp;&nbsp;A-1-1&nbsp;&nbsp;&nbsp;&nbsp;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the words "*include*", "*includes*" and "*including*" shall be deemed to be followed by the phrase "*without limitation*";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)the word "*will*" shall be construed to have the same meaning and effect as the word "*shall*";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)"*law*" shall be construed as any law (including common or customary law), statute, constitution, decree, judgment, treaty, regulation, directive, by-law, order, ordinance or any other legislative measure of any government, supranational, local government, statutory or regulatory body or court, in each case having the force of law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)unless as otherwise provided, any reference to assignment of a person's rights and/or obligations shall be construed to refer to assignment, transfer or novation of those rights and/or obligations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)any reference to the actions or omissions of agents, representatives or authorized persons shall refer only to actions or omissions taken in connection with the agency, representation or authorization (so that, for example, an action or omission of a contractor for any Obligor shall be the action of an agent, representative or authorized person of the Obligors only if taken in connection with the performance of its work under its contract with any Obligor involving work related to the Development, and shall not be the action or omission of an agent, representative or authorized person of the Obligors if taken under another contract with persons other than the Obligors involving work unrelated to the Development);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)the omission of the word "*any*" or the phrase "*if any*" with respect to anything shall not imply that the thing exists or is required, notwithstanding the inclusion of such word or phrase (for clarity) in other provisions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)any reference to an action being taken "*pursuant to*" an agreement or document, or any specified provision thereof, shall be construed to mean "pursuant to and in compliance with" the requirements of such agreement, document or provision;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)in some instances, a word or reference that, pursuant to these rules of interpretation, is not necessary (for example, inclusion of both the singular and plural), may be included for emphasis or clarity, and any such usage shall not give rise to any negative implication in relation to any other usage, which other usage shall nonetheless be interpreted strictly in accordance with the rules of interpretation set forth herein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)unless the contrary indication appears, a reference to a time of day is a reference to the time of day in New York, New York, United States; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)the words "*hereof*", "*herein*", "*hereto*" and "*hereunder*" and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.3Definitions**

A-1-2&nbsp;&nbsp;&nbsp;&nbsp;

*CP2 – Amended and Restated Common Terms Agreement Schedules*

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"*1.30x Sizing LNG SPAs*" means, collectively:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)(x) each of the LNG SPAs in clauses (a) through (e) and (g) through (j) of the definition of Phase 1 Initial LNG SPAs and (y) each of the LNG SPAs in clauses (a) through (c) and (e) through (f) of the definition of Phase 2 Initial LNG SPAs and, on and from the date of satisfaction of the conditions in clause (a) of the definition of Debt Commitment Sizing Conditions, the LNG SPA in clause (d) of the definition of Phase 2 Initial LNG SPAs and, until the one year anniversary of the Upsize Closing Date, the LNG SPA in clause (h) of the definition of Phase 2 Initial LNG SPAs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Qualifying LNG SPAs referenced in Section 8.1(b)(iii)(A)(1) (*LNG SPA Maintenance*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Qualifying LNG SPAs referenced in Section 8.1(b)(iii)(A)(2) (*LNG SPA Maintenance*) satisfying the following criteria:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)such LNG SPA is with an LNG Buyer with (or guaranteed by an entity with) (A) at least two credit ratings equal to or exceeding [\*\*\*] from S&P, Moody's and/or Fitch, and (B) consolidated net tangible assets of at least the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aa)$[\*\*\*] billion; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ab)$[\*\*\*] billion per 1.0 MTPA of ACQ; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)such LNG SPA is with an LNG Buyer who is unrated or has only one credit rating, and such credit rating is equal to or exceeds [\*\*\*] from S&P, Moody's and/or Fitch with (or guaranteed by an entity who is unrated or has one credit rating equal, and such credit rating is equal to or exceeds [\*\*\*] from S&P, Moody's and/or Fitch with) consolidated net tangible assets of at least $[\*\*\*] billion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Qualifying LNG SPAs referenced in Section 8.1(b)(iii)(A)(3) (*LNG SPA Maintenance*); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Qualifying LNG SPAs referenced in Section 8.1(b)(iv) (*LNG SPA Maintenance*) (and designated as a "1.30x Sizing LNG SPA" in connection with the approval contemplated by such Section 8.1(b)(iv) (*LNG SPA Maintenance*)).

"*1.70x Sizing LNG SPAs*" means, collectively:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)(x) the LNG SPAs in clauses (f) and (k) of the definition of Phase 1 Initial LNG SPAs, (y) the LNG SPA in clause (g) of the definition of Phase 2 Initial LNG SPAs and (z) on and after the one year anniversary of the Upsize Closing Date, the LNG SPA in clause (h) of the definition of Phase 2 Initial LNG SPAs; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)any other Qualifying LNG SPA that is not a 1.30x Sizing LNG SPA.

"*Abandonment*" means any of the following shall have occurred:

A-1-3&nbsp;&nbsp;&nbsp;&nbsp;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the abandonment, suspension or cessation of all or substantially all of the activities related to the Project Phase 1 Development and the Project Phase 2 Development or the abandonment, suspension or cessation of operations of the Phase 1 Project Facilities and the Phase 2 LNG Facility, in each case, for a period in excess of 60 consecutive days (other than as a result of force majeure so long as the Borrower is diligently attempting to restart the Project Phase 1 Development and the Project Phase 2 Development or the Phase 1 Project Facilities and the Phase 2 LNG Facility); *provided* that, if this is not accompanied by a formal, public announcement by the Borrower of its intentions as set forth in clause (b) below, such abandonment, suspension or cessation shall not have occurred unless, within 45 days following notice to the Borrower from the Collateral Agent (who may be instructed by any Senior Creditor Group to deliver such notice) requesting the Borrower to deliver a certificate to the effect that it will resume construction or operation as soon as is commercially reasonable, the Borrower has not delivered such certificate or resumed such activities or, if such certificate is delivered, the Borrower has nevertheless not resumed such activities within 90 days following receipt of the notice from the Collateral Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)a formal, public announcement by the Borrower of a decision to abandon, cease or indefinitely defer or suspend the Project Phase 1 Development and the Project Phase 2 Development for any reason; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Borrower shall make any filing with FERC giving notice of the intent or requesting authority to abandon the Project Phase 1 Development and the Project Phase 2 Development for any reason.

"*Acceptable Bank*" means a bank or financing entity whose (or whose parent company or guarantor in respect of the relevant letter of credit) long-term unsecured and unguaranteed debt is rated at least A3 by Moody's and at least A- by S&P.

"*Acceptable Credit Support*" means (a) an irrevocable, standby letter of credit issued by an Acceptable Bank for the benefit of the Collateral Agent that (i) includes an expiration date no earlier than three hundred sixty-four (364) days following its issuance date and (ii) allows the Collateral Agent to make a drawdown of up to the stated amount (A) in the event of an Event of Default, (B) in the event such letter of credit is expiring within thirty (30) days or (C) as specified in the Common Security and Account Agreement or any other Finance Document, or (b) an unconditional payment guarantee provided for the benefit of the Collateral Agent by a Person that has a credit rating of at least Investment Grade and that allows the Collateral Agent to make a demand up to the maximum available face amount (A) in the event of an Event of Default, (B) in the event such letter of credit is expiring within thirty (30) days or (C) as specified in the Common Security and Account Agreement or any other Finance Document.

"*Acceptable Debt Service Reserve LC*" means an irrevocable, standby letter of credit issued by an Acceptable Bank for the benefit of the Collateral Agent that includes the following material terms:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)an expiration date no earlier than 364 days following its issuance date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)allows the Collateral Agent to make a drawdown of up to the stated amount in each of the circumstances described in Section 4.9(d)

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(*Acceptable Debt Service Reserve LC*) of the Common Security and Account Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the reimbursement and other payment obligations with respect to such letter of credit are not for the account of any Obligor.

"*Acceptable Equity Bank*" has the meaning set forth to "Acceptable Bank" in the Equity Contribution Agreement.

"*Acceptable Equity Commitment Provider*" means a provider of Equity Commitment Support that (a) is an Acceptable Equity Bank or (b) is an entity approved by the Super-Majority Facility Lenders.

"*Acceptable Equity Letter of Credit*" has the meaning set forth in the Equity Contribution Agreement.

"*Acceptable Guaranty*" has the meaning set forth in the Equity Contribution Agreement.

"*Acceptable Lender*" means any Sponsor or its Affiliate or a bank, financial institution, multilateral agency, development financial institution, trust, Approved Fund, insurance company, investment or mutual fund or other entity that is an "accredited investor" (as defined in Regulation D under the Securities Act) or any Senior Creditor (other than the Senior Noteholders that are not otherwise Acceptable Lenders) or any Affiliate of a Facility Lender or any other entity or Person, that in each case is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (including credit derivatives) in the ordinary course of business; *provided* that, in the case of trusts and funds that are not Approved Funds, such entity shall be experienced in the financing of energy and natural resource projects; *provided further* that, no Disqualified Institution shall be an "Acceptable Lender" hereunder.

"*Access Information*" has the meaning given in Section 23.8(f)(ii) (*Notices*) of the Common Terms Agreement.

"*Access License Agreements*" mean:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Access License Agreement, dated as of May 22, 2025, by and between Cameron Land Ventures, LLC, as grantor, and the Borrower, as grantee (Parcel L);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Access License Agreement, dated as of May 22, 2025, by and between CP Marine Offloading, LLC, as grantor, and the Borrower, as grantee (Parcel N);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Access License Agreement, dated as of May 22, 2025, by and between CP Marine Offloading, LLC, as grantor, and the Borrower, as grantee (Parcel K);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Access License Agreement, dated as of May 22, 2025, by and between CP Marine Offloading, LLC, as grantor, and the Borrower, as grantee (Parcel M);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Access License Agreement, dated as of May 22, 2025, by and between CP Marine Offloading, LLC, as grantor, and the Borrower, as grantee (Parcel F-1);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Access License Agreement, dated as of May 22, 2025, by and between CP Marine Offloading, LLC, as grantor, and the Borrower, as grantee (Parcel I);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)Access License Agreement, dated as of May 22, 2025, by and between CP Marine Offloading, LLC, as grantor, and the Borrower, as grantee (Parcel BB);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)Access License Agreement, dated as of May 22, 2025, by and between CP Marine Offloading, LLC, as grantor, and the Borrower, as grantee (Parcel J); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Access License Agreement, dated as of May 22, 2025, by and between Cameron Land Ventures, LLC, as grantor, and the Borrower, as grantee (Parcel Z).

"*Accession Agreement*" means any accession agreement contemplated under the Finance Documents, the form of which is included in either Schedule D (*Forms of Accession Agreements*) to the Common Security and Account Agreement or Schedule P – 1 (*Replacement Facility Agent Accession Agreement*) and Schedule P – 2 (*New Facility Agent Accession Agreement* (*Additional Senior Debt*)) to the Common Terms Agreement.

"*Account Bank*" means, initially, Sumitomo Mitsui Banking Corporation acting in its capacity as such (with any replacement to the initial Account Bank having a then-current credit rating at appointment by S&P at least equivalent to A+ or by Moody's at least equivalent to A1 and being subject to receipt of consent in accordance with Section 9.9(b) (*Resignation, Removal and Replacement of Account Bank*) of the Common Security and Account Agreement).

"*Account Bank Fee Letter*" means the fee letter dated as of the Initial Closing Date entered into between the Borrower, the Guarantors and the Account Bank in respect of the fees payable to the Account Bank in respect of its services to be performed as more fully described in the Common Security and Account Agreement and the other Security Documents.

"*Accounts*" has the meaning given in Section 4.3(a) (*Accounts*) of the Common Security and Account Agreement.

"*ACQ*" has the meaning given in the applicable LNG SPA.

"*Additional Debt Service Reserve Account(s)*" means each Account established pursuant to Section 4.3(a) (*Accounts*) of the Common Security and Account Agreement.

"*Additional Proceeds Prepayment Account*" means the account described in Section 4.3(a)(xii) (*Accounts*) of the Common Security and Account Agreement.

"*Additional Senior Debt*" has the meaning given in Section 2.2(a)(i) (*Incremental Senior Debt*) of the Common Security and Account Agreement.

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"*Administrative Services Agreements*" means the agreements between the Obligors and the Manager for their respective Project Facilities.

"*Advance*" means a borrowing of a loan, issuance of or drawing upon a letter of credit or the issuance of debt securities pursuant to any Senior Debt Instrument.

"*Affected Financial Institution*" means (a) any EEA Financial Institution or (b) any UK Financial Institution.

"*Affiliate*" of any specified Person means any other Person directly or indirectly Controlling or Controlled by or under direct or indirect common Control with such specified Person and "*Affiliated*" shall be construed accordingly.

"*Affiliated Service Counterparties*" means the Sponsor, the Operator, the Pipeline Operator, CP2 Tug Services, LLC (only to the extent that the Service Agreement referenced in clause (e) of the definition thereof is in effect), and the Manager.

"*Aggregate Remaining Equity Contribution Obligations*" has the meaning assigned to such term in the Equity Contribution Agreement.

"*Aggregate Term Loan Commitments*" has the meaning assigned to such term in the Credit Facility Agreement.

"*Aggregate Working Capital Commitments*" has the meaning assigned to such term in the Credit Facility Agreement.

"*Agreement*" in each case where used means only the agreement in which the term is used. For the avoidance of doubt, (a) any reference to an individual Senior Debt Instrument which is a Facility Agreement shall be deemed to include reference to the Common Terms Agreement; and (b) references to an Indenture, or to any individual Senior Debt Instrument that is an Indenture, shall be deemed not to include reference to the Common Terms Agreement.

"*Amortization Schedule*", with respect to a Facility Agreement, has the meaning given in such Facility Agreement.

"*Anti-Terrorism and Money Laundering Laws*" means any of the following (a) Section 1 of Executive Order 13224 of September 24, 2001, Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism, (b) the Terrorism Sanctions Regulations (Title 31 Part 595 of the US Code of Federal Regulations), (c) the Terrorism List Governments Sanctions Regulations (Title 31 Part 596 of the US Code of Federal Regulations), (d) the Foreign Terrorist Organizations Sanctions Regulations (Title 31 Part 597 of the US Code of Federal Regulations), (e) the USA Patriot Act of 2001 (Pub. L. No. 107-56), (f) the US Money Laundering Control Act of 1986 (*i.e.*, Laundering of Monetary Instruments, 18 U.S.C. section 1956, and Engaging in Monetary Transactions in Property Derived from Specified Unlawful Activity, 18 U.S.C. section 1957), (g) the Bank Secrecy Act, 31 U.S.C. sections 5301 *et seq*., (h) the Financial Recordkeeping and Reporting of Currency and Foreign Transactions Regulations (Title 31 Chapter X of the US Code of Federal Regulations), (i) any other similar federal Government Rule having the force of law and relating to money laundering, terrorist acts or acts of war and (j) any regulations promulgated under any of the foregoing.

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"*Applicable Anti-Corruption Laws*" means the U.S. Foreign Corrupt Practices Act of 1977, as amended, and all similar laws, rules, and regulations of any jurisdiction applicable to the Borrower, the Borrower's Subsidiaries or any Guarantor at the relevant time concerning or relating to bribery or corruption.

"*Approved Fund*" means any Fund administered or managed by (a) a Facility Lender, (b) an Affiliate of a Facility Lender or (c) an entity or an Affiliate of an entity that administers or manages a Facility Lender.

"*Approved Owner*" means any Person that is approved by the Requisite Intercreditor Parties.

"*Arranger*" has the meaning given in Exhibit A (*Definitions*) to the Credit Facility Agreement.

"*ASC 842*" means the Accounting Standards Update No. 2021-05, Leases (Topic 842) issued by the Financial Accounting Standards Board in July 2021.

"*Assigned Agreement*" has the meaning given in Section 3.2(b)(i) (*Security Interests to be Granted by the Obligors – Security Interests – General*) of the Common Security and Account Agreement.

"*Assumed Post-COD P1 SPA Profits*" means, as of any date of calculation, the projected contracted cash flow from the fixed liquefaction fee under the Phase 1 Initial LNG SPAs (or any Qualifying LNG SPA in replacement thereof) reasonably anticipated by the Borrower to be received prior to the Project Phase 2 Completion Date and available to pay Project Costs pursuant to Section 4.7(a)(vii) (*Cash Waterfall*) of the Common Security and Account Agreement.

"*Authorized Investments*" means any US Dollar denominated investments that are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)direct obligations of, or obligations the principal and interest on that are unconditionally guaranteed by, the United States of America (or any instrumentality thereof to the extent such obligations are backed by the full faith and credit of the United States of America), in each case maturing within one year from the date of acquisition thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)investments in marketable general obligations issued by any state of the United States of America or any political subdivision of any such state or any public instrumentality thereof in each case maturing within one year from the date of acquisition thereof and having, at such date of acquisition, a credit rating of "A" or higher from S&P or from Moody's (or if at such time neither is issuing ratings, then a comparable rating of such other nationally recognized rating agency as shall be approved by the Collateral Agent in its reasonable judgment);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)commercial paper or tax exempt obligations having one of the two highest ratings obtainable from Moody's or S&P (or if at such time neither is issuing ratings, then a comparable rating of such other nationally recognized rating agency as shall be approved by the Collateral Agent in its reasonable judgment) and, in each case, maturing within one year of acquisition thereof;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)investments in certificates of deposit, banker's acceptances and time deposits maturing or putable within one year from the date of acquisition thereof issued or guaranteed or placed with, and money market deposit accounts issued or offered by, any domestic office of (i) a commercial bank organized under the laws of the United States of America or any state thereof or (ii) a licensed branch of a foreign bank organized under the laws of any member country of the Organization for Economic Co-Operation and Development, in either case, that has a combined capital and undivided surplus and undivided profits of at least $500 million;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)fully collateralized repurchase agreements with a term of not more than 30 days for securities described in clause (a) of this definition and entered into with a financial institution satisfying the criteria described in clause (d) of this definition; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)money market funds that (i) comply with the criteria set forth in Securities and Exchange Commission Rule 2a-7 (or any successor rule) under the Investment Company Act of 1940; (ii) are rated either AAA by S&P and Aaa by Moody's or at least 95% of the assets of which constitute Authorized Investments described in clauses (a) through (e) of this definition and/or US Dollars; and (iii) have portfolio assets of at least $500 million.

"*Authorized Officer*" means: (a) with respect to any Person that is a corporation, the chairman, president, senior vice president, vice president, chief financial officer, chief operating officer, treasurer, assistant treasurer, attorney-in-fact, secretary or assistant secretary of such Person, (b) with respect to any Person that is a partnership, the chairman, president, senior vice president, vice president, chief financial officer, chief operating officer, treasurer, assistant treasurer, attorney-in-fact, secretary or assistant secretary of such Person or a general partner of such Person and (c) with respect to any Person that is a limited liability company, the chairman, president, senior vice president, chief financial officer, chief operating officer, vice president, treasurer, assistant treasurer, attorney-in-fact, secretary or assistant secretary, the manager, the managing member or a duly appointed officer of such Person.

"*Availability Period*" means, (a) with respect to the Term Loans, the Term Loan Availability Period, (b) with respect to the Working Capital Loans, the Working Capital Loan Availability Period, (c) with respect to Letters of Credit, the Working Capital Loan Availability Period, and (d) with respect to any other Loans, the period commencing on the date of first disbursement of such Loans and ending on the date of the termination or cancellation of all remaining Facility Debt Commitments pursuant to the terms of the corresponding Facility Agreement.

"*B&McD*" means Burns & McDonnell Engineering Company, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)"*B&McD Pretreatment Contract*" means that certain Amended and Restated Engineering and Procurement Agreement (Phase 1 and Phase 2), dated as of July 1, 2025, between B&McD and the Procurement Company, as supplemented by the Notice to Proceed, dated as of August 13, 2024 and Phase 2 Notice to Proceed, dated as of July 2, 2025.

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"*Bail-In Action*" means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution.

"*Bail-In Legislation*" means, (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation, rule or requirement for such EEA Member Country from time to time that is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).

"*Baker Gulf*" means Baker Gulf Coast Industrial, LLC.

"*Baker Gulf Construction Agreement*" means the Construction Agreement (Reimbursable), dated as of June 12, 2025, by and between the Borrower and Baker Gulf, as supplemented by Notice to Proceed, dated as of July 29, 2025.

"*Bankruptcy*" means with respect to any Person, the occurrence of any of the following events, conditions or circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)such Person shall file a voluntary petition in bankruptcy, or shall file any petition or answer or consent seeking any reorganization, arrangement, adjustment, composition, insolvency, liquidation, receivership, dissolution or similar relief for itself under the Bankruptcy Code or any present or future applicable federal, state or other statute or law relating to bankruptcy, insolvency, reorganization or other relief for debtors generally, or shall apply for or consent to the appointment of any trustee, receiver, conservator or liquidator of such Person or of all or any substantial part of its properties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)a case or other proceeding shall be commenced against such Person in a court of competent jurisdiction without the consent or acquiescence of such Person seeking any reorganization, arrangement, adjustment, composition, insolvency, liquidation, receivership, dissolution or similar relief with respect to such Person or its debts under the Bankruptcy Code or any present or future applicable federal, state or other statute or law relating to bankruptcy, insolvency, reorganization or other relief for debtors generally, or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed or unstayed for a period of 60 consecutive days;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)a court of competent jurisdiction shall enter an order, judgment or decree approving a petition with respect to such Person seeking a reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under the Bankruptcy Code, or any other present or future applicable federal, state or other statute or law relating to bankruptcy, insolvency, reorganization or other relief for debtors, and such Person shall consent to the entry of such order, judgment or decree or such order, judgment or decree shall remain undischarged, unvacated or unstayed for 90 days

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(whether or not consecutive) from the date of entry thereof, or any trustee, receiver, conservator or liquidator of such Person or of all or any substantial part of its property shall be appointed without the consent of such Person and such appointment shall remain undischarged, unvacated and unstayed for an aggregate of 90 days (whether or not consecutive);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)such Person shall admit in writing its inability to pay its debts as they mature or shall generally not be paying its debts as they become due;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)such Person shall make a general assignment for the benefit of creditors or take any other similar action for the protection or benefit of creditors; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)the board of directors, board of managers or similar body, or the member(s) of such Person shall take any corporate or partnership action for the purpose of effecting any of the foregoing.

"*Bankruptcy Code*" means the United States Bankruptcy Reform Act of 1978 and codified as 11 U.S.C. Section 11 *et seq*.

"*Bankruptcy Default*" has the meaning given in Section 6.2(c) (*Initiation of Security Enforcement Action* – *Bankruptcy Default*) of the Common Security and Account Agreement.

"*Bankruptcy Proceeding*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)any case, action or proceeding before any court or other governmental authority in relation to a Bankruptcy; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)a general assignment under clause (e) of the definition of Bankruptcy,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)in each case of (a) and (b) above, undertaken under applicable US federal, state or foreign law, including the Bankruptcy Code.

"*Base Case Forecast*" means the base case forecast attached as Schedule R (*Base Case Forecast*) to the Common Terms Agreement as of the Upsize Closing Date, as may be updated from time to time in accordance with the Common Terms Agreement.

"*Base Case Sizing Criteria*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)(i)(A) in respect of the Initial Senior Debt, beginning with the Phase 1 Project Completion Date, and (B) in respect of the Upsized Senior Debt (other than the Initial Senior Debt), beginning with the Project Phase 2 Completion Date and, in each case, for each twelve (12) month period thereafter (through the underlying amortization period of the Upsized Senior Debt), including any stub period, a minimum Fixed Projected DSCR of not less than the Sizing Case DSCR and (ii) a Senior Debt/Equity Ratio of no greater than 75:25, based, in each case, on Cash Flow Available for Debt Service from the fixed liquefaction fee under the Required LNG SPAs (and, solely in the case of the Base Case Sizing Criteria related to the Project Phase 1 Development and the Project Phase 2 Development, capped, in the case of any Excess Capacity Quantity, at the aggregate amount of capacity then-authorized for the Project pursuant to a satisfied DOE Authorization Condition *less* [\*\*\*] MTPA) and as

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adjusted to include revenues arising from firm natural gas transportation arrangements that can be remarketed in a manner consistent with the Base Case Forecast delivered on the Upsize Closing Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)solely to the extent when sizing the amount of any mandatory prepayment, a minimum Fixed Projected DSCR of not less than the Sizing Case DSCR based on Cash Flow Available for Debt Service from the fixed liquefaction fee under any Qualifying LNG SPAs that are then in full force and effect and on a twenty (20) year amortization profile beginning (x) with respect to the Project Phase 1 Development, on the Project Phase 1 Completion Date, and (y) with respect to the Project Phase 2 Development, on the Project Phase 2 Completion Date and as adjusted to include revenues arising from firm natural gas transportation arrangements that can be remarketed in a manner consistent with the Base Case Forecast delivered on the Upsize Closing Date;

in each case, assuming the Minimum Assumed Commissioning Cargo Proceeds during the commissioning period for Phase 1 LNG Facility and Phase 2 LNG Facility and the Assumed Post-COD P1 SPA Profits for the applicable period specified in the definition thereof and with respect to the incurrence of any additional Senior Debt after the Upsize Closing Date, any similar profits from the Phase 2 LNG Facility, the Phase 3A LNG Facility, the Phase 3B LNG Facility or any Permitted Internal Expansions reasonably anticipated by the Borrower to be received prior to the completion of the phase or expansion in respect of which such Senior Debt is being incurred, but assuming no lifting and no merchant sales on a long-term basis (other than commissioning cargoes in accordance with the methodology set forth herein) and assuming any firm natural gas transportation arrangements can be remarketed in a manner consistent with the Base Case Forecast delivered on the Upsize Closing Date (assuming, for purposes of the Sizing Case DSCR, such amounts are sized based on a 1.40:1.0 Sizing Case DSCR).

"*Basis Swap*" means a commodity derivative contract that is cash-settled based on the difference between: (a) the price of natural gas at one particular pricing point and (b) the price of natural gas at a different delivery location or pricing point.

"*Bcf*" means billions of cubic feet.

"*Beneficial Ownership Certification*" means a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation.

"*Beneficial Ownership Regulation*" 31 C.F.R. § 1010.230.

"*BHES*" means Baker Hughes Energy Services LLC.

"*BHES LTSA*" means the long-term service agreement to be entered into between the Borrower and BHES.

"*Blocking Regulation*" means Council Regulation (EC) No 2271/1996 of 22 November 1996 (as amended) and/or any applicable national law or regulation relating to it (including Section 7 of the German Foreign Trade Ordinance (*Außenwirtschaftsverordnung*)).

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"*Borrower*" means Venture Global CP2 LNG, LLC, a limited liability company organized under the laws of the State of Delaware. The Borrower is also referred to as the "*Company*" under the Common Security and Account Agreement and the "*Mortgagor*" under the Mortgage.

"*Bridge Loan*" means the loans outstanding under that certain Credit and Guaranty Agreement, dated as of May 1, 2025, by and among the Borrower, as borrower, the Guarantors, as guarantors, the lenders party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent, as may be amended, amended and restated, modified or supplemented from time to time.

"*Btu*" means the amount of heat required to raise the temperature of one avoirdupois pound of pure water from fifty-nine degrees (59°) Fahrenheit to sixty degrees (60°) Fahrenheit at a pressure of fourteen point six nine six (14.696) pounds per square inch absolute (psia).

"*Business Day*" means a day (other than a Saturday or Sunday) on which banks are generally authorized to be open for business under the laws of the State of New York.

"*Business Interruption Insurance Proceeds*" means all proceeds of any insurance policies required pursuant to the Schedule of Minimum Insurance or otherwise obtained with respect to the Obligors or the Project Facilities insuring the Obligors against business interruption or delayed start-up.

"*Cajun*" means Cajun Industries, LLC.

"*Cajun Construction Agreements*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Storm Surge Wall Construction Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Marine Terminal Works Construction Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Reimbursable Construction Agreement.

"*Callan*" means Callan Marine, Ltd.

"*Capital Lease*" means any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet under GAAP.

"*Cash Flow*" means, with respect to any period, all funds received or, as applicable in the relevant context, projected to be received by the Obligors during such period, without duplication, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)amounts received by the Borrower under the LNG SPAs (including in respect of Supplemental Quantities sold by the Borrower as permitted under Section 8.4 (*Sale of Supplemental Quantity*) and in respect of quantities of LNG sold by the Borrower prior to the Project Phase 1 Completion Date (in respect of the Phase 1 LNG Facility), the Project Phase 2 Completion Date (in respect of the Phase 2 LNG Facility) or the "project completion date" in respect of any Permitted Approved Expansion (in the case of any Permitted Approved Expansion), as

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applicable, as permitted under Section 8.5 (*Sale of Pre-Completion Quantities*));

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)earnings on funds held in the Secured Accounts (excluding interest and investment earnings that accrue on the amounts on deposit in any of the Senior Facilities Debt Service Reserve Account or any account established to prefund interest on any Senior Debt, if any, in any case, that are not transferred to the Revenue Account pursuant to the Common Security and Account Agreement);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)any amounts deposited in the Insurance/Condemnation Proceeds Account to the extent applied to the payment of Operation and Maintenance Expenses or Project Costs in accordance with Article 5 (*Insurance and Condemnation Proceeds and Performance Liquidated Damages*) of the Common Security and Account Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)all cash paid to the Obligors during such period as Business Interruption Insurance Proceeds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)proceeds from the transfer, sale or disposition of assets or rights of the Obligors in the ordinary course of business in accordance with Section 12.17 (*Sale of Project Property*) of the Common Terms Agreement (other than as set forth in sub-clause (6) below) to the extent such proceeds have been or will be used to pay Operation and Maintenance Expenses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)amounts paid to each Obligor under any Material Project Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)amounts received by each Obligor under Permitted Hedging Instruments other than in respect of interest rates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)with respect to the calculation of the Historical DSCR for any purpose other than such calculation under Section 11 (*Restricted Payments*) of the Common Terms Agreement, and for any period, all cash paid to the Borrower during the applicable period from any direct or indirect owner of the Borrower by way of Equity Funding (other than any Equity Contributions) (in each case as otherwise permitted pursuant to the terms of the Finance Documents) in accordance with Section 12.25(b) (*Historical DSCR*); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)with respect to the calculation of Fixed Projected DSCR for any purpose other than such calculation under Section 11 (*Restricted Payments*) of the Common Terms Agreement, and for any period, any cash projected to be on deposit in the Secured Accounts at the commencement of such period as a result of a restriction on the making of Restricted Payments applicable prior to such period (without double counting any other amounts of Cash Flow taken into account in the calculation of the Fixed Projected DSCR);

but excluding, in each case:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)all amounts required to be deposited in the Insurance/Condemnation Proceeds Account used to reimburse Equity Funding;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)all proceeds of Senior Debt that are used to reimburse Drawstop Equity Contributions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)proceeds of third-party liability insurance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)proceeds of the sale of assets permitted by Section 12.17(b) or (k) (*Sale of Project Property*) of the Common Terms Agreement unless and until applied to procure a replacement for such assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)proceeds of Senior Debt and other Indebtedness (and corresponding amounts received by the Obligors pursuant to any guarantees) permitted by Section 12.14 (*Limitation on Indebtedness*) of the Common Terms Agreement other than amounts received under Permitted Hedging Instruments included under clause (g) above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6)except as provided in clause (h) above, Equity Funding received from the Sponsor or any direct or indirect holders of equity interests of the Borrower; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7)any cash deposited into the Additional Proceeds Prepayment Account.

"*Cash Flow Available for Debt Service*" means, for each applicable measurement period, the amount equal to (a) Cash Flow for such period (excluding cash flow from the Project Phase 2 Development prior to the Project Phase 2 Completion Date, from the Project Phase 3A Development prior to the Project Phase 3A Completion Date, from the Project Phase 3B Development prior to the Project Phase 3B Completion Date and from any Permitted Internal Expansion prior to "project completion date" in respect of such Permitted Internal Expansion) minus (b) Operation and Maintenance Expenses for such period; <u>provided</u> that Operation and Maintenance Expenses included in the calculation of Historical DSCR and Fixed Projected DSCR will exclude (i) that portion of Operation and Maintenance Expenses arising with respect to the Phase 1 Project Facilities, prior to the Project Phase 1 Completion Date and, with respect to the Phase 2 LNG Facility, prior to the Project Phase 2 Completion Date that are, in each case, Project Costs (or, in connection with the Project Phase 3A Development, the Project Phase 3B Development or a Permitted Internal Expansion, similar project costs), (ii) Operation and Maintenance Expenses arising (A) with respect to the Phase 1 Project Facilities, from and after the Project Phase 1 Completion Date, that are Permitted Completion Costs in respect of the Phase 1 Project Facilities, and (B) with respect to the Phase 2 LNG Facility, from and after the Project Phase 2 Completion Date, that are Permitted Completion Costs, in each case for purposes of clauses (ii)(A) and (B), for which sufficient reserves are on deposit in the Construction Account or Completion Reserve Account, as applicable (or, in connection with the Project Phase 3A Development, the Project Phase 3B Development or a Permitted Internal Expansion, similar punch list items) and (iii) Operation and Maintenance Expenses that are Required Capital Expenditures; <u>provided</u> <u>further</u> that, for any period prior to the Project Phase 2 Completion Date, for purposes of calculating the Fixed Projected DSCR, such Cash Flow Available for Debt Service shall be calculated solely to reflect (A) the fixed liquefaction fee under each of the Qualifying LNG SPAs with

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respect to the Phase 1 LNG Facility then in effect, (B) expected interest and investment earnings paid to the Obligors during such period, (C) amounts expected to be paid to the Obligors during such period as Business Interruption Insurance Proceeds with respect to the Phase 1 LNG Facility and (D) the fixed expenses that could reasonably be expected to be incurred by the Obligors if the Phase 1 Material Project Counterparties were not lifting any cargoes under the Qualifying LNG SPAs with respect to the Phase 1 LNG Facility then in effect.

"*Catastrophic Casualty Event*" means any Event of Loss where Insurance Proceeds or Condemnation Proceeds are received in an aggregate amount for a single loss or related series of losses exceeding $1 billion.

"*CB&I*" means CB&I Storage Tank Solutions LLC.

"*CCRA Consultant*" means Lummus Consultants International LLC.

"*CERCLA*" means the Comprehensive Environmental Response, Compensation and Liability Act (42 U.S.C. section 9601, *et seq*.) and rules and regulations issued thereunder.

"*Cessation Notice*" has the meaning given in Section 15.3 (*Cessation of Loan Facility Declared Default*) of the Common Terms Agreement.

"*CFCo*" means a new subsidiary of the Borrower formed for the purposes of holding a portion of the Project and/or the Project Facilities, which may include storage tanks, the perimeter wall, marine berths, natural gas pre-treatment units, power facilities, pipelines and other common assets that may be shared directly or indirectly with any External LNG/CCS Entity.

"*Change in Law*" means the occurrence, with respect to any Finance Party party to an Original Finance Document, after the Initial Closing Date, and with respect to any Finance Party not party to an Original Finance Document, after the Upsize Closing Date, of any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the adoption or taking effect of any law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)any change in any law or in the administration, interpretation, implementation or application thereof by any Governmental Authority; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority;

*provided* that, notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a "*Change in Law*", regardless of the date enacted, adopted or issued.

"*Change of Control*" means:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)prior to the Project Phase 2 Completion Date, the Sponsor and any Approved Owners, collectively, shall cease to, directly or indirectly, maintain (i) voting or managerial control of the Borrower or any Guarantor or (ii) a majority of the economic interest in the Borrower or any Guarantor; *provided* that, (A) any Person to whom any portion of such economic interest is transferred shall satisfy the requirements for a Qualified Owner set forth in clauses (b), (c) and (d) of the definition thereof; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)after the Project Phase 2 Completion Date, (i) the Sponsor, any Approved Owners and any Qualified Owners, collectively, shall cease to, directly or indirectly, maintain voting or managerial control of the Borrower or any Guarantor or (ii) the Sponsor, any Approved Owners and any Qualified Owners, collectively, shall cease to, directly or indirectly, maintain more than 50% of the economic interest in the Borrower or any Guarantor; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)at any time, the Pledgor shall cease to directly maintain 100% of the voting and economic interests in the Borrower or any Guarantor.

"*Change Order*" has the meaning given in the applicable Material Project Agreement.

"*Chevron*" means Chevron U.S.A. Inc.

"*China Gas*" means China Gas Hongda Energy Trading Co., Ltd.

"*Code*" means the Internal Revenue Code of 1986, as amended.

"*Collateral*" means any property right or interest subject to a Security Interest.

"*Collateral Agency Fee Letter*" means the fee letter dated as of the Initial Closing Date entered into between the Borrower, the Guarantors and the Collateral Agent in respect of the fees payable to the Collateral Agent in respect of its services to be performed as more fully described in the Common Security and Account Agreement and the other Finance Documents.

"*Collateral Agent*" means the trustee named under the Common Security and Account Agreement as collateral agent for the Secured Parties.

"*Collateral Parties*" means the Obligors and Pledgor, and "*Collateral Party*" shall have a corresponding meaning.

"*Collateral Records*" means books, records, ledger cards, files, correspondence, customer lists, supplier lists, blueprints, technical specifications, manuals, computer software and related documentation, computer printouts, tapes, disks and other electronic storage media and related data processing software and similar items that at any time evidence or contain information relating to any of the Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon.

"*Commercial Operation Date*" has the meaning given in the applicable LNG SPA.

"*Commodity Exchange Act*" means the Commodity Exchange Act, as amended (7 U.S.C. § 1 et seq.).

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"*Common Facilities*" has the meaning given in Section 7.5(a)(i) (*External Expansions – Creation of Common Facilities Company*) of the Common Terms Agreement.

"*Common Facilities Agreement*" means one or more common facilities agreements entered into by CFCo and the Borrower, the Pipeline Company, the Procurement Company or any of their respective Subsidiaries and/or any External LNG/CCS Entity.

"*Common Security and Account Agreement*" means the Amended and Restated Common Security and Account Agreement, dated as of the Upsize Closing Date, among the Borrower, the Guarantors, each Senior Creditor Group Representative on its own behalf and on behalf of the relevant Senior Creditor Group, the Intercreditor Agent, the Collateral Agent and the Account Bank.

"*Common Terms Agreement*" means the Amended and Restated Common Terms Agreement, dated as of the Upsize Closing Date, among the Borrower, the Guarantors, the Credit Facility Agent and each other Facility Agent on behalf of its respective Facility Lenders, and the Intercreditor Agent providing common representations, warranties, undertakings and events of default. For the avoidance of doubt, (i) any reference to an individual Senior Debt Instrument which is a Facility Agreement shall be deemed to include reference to the Common Terms Agreement; and (ii) references to an Indenture, or to any individual Senior Debt Instrument that is an Indenture, shall be deemed not to include reference to the Common Terms Agreement.

"*Company*" means Venture Global CP2 LNG, LLC, a limited liability company organized under the laws of the State of Delaware. The Company is also referred to as the "Borrower" in certain Finance Documents, the "*Mortgagor*" in the Mortgage, and the "Issuer" in other Finance Documents.

"*Completion Reserve Account*" means the account described in Section 4.3(a)(xiv) (*Accounts*) of the Common Security and Account Agreement.

"*Compliance Assessment Consultant*" means Environmental Resources Management Southwest, Inc.

"*Condemnation Proceeds*" means any amounts and proceeds of any kind (including instruments) payable in respect of any Event of Taking.

"*Conditional Payment Support Agreement*" means the Fixed Start Date LNG SPA Shortfall Damages Conditional Payment Support Agreement dated as of the Upsize Closing Date, by and among the Borrower, Venture Global Commodities, LLC and the Sponsor.

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"*Confidential Information*" means all information received from any Obligor, the Pledgor, the Sponsor, any Approved Owner or any of their respective Affiliates or on their behalf relating to any of such entities, their respective businesses, the Project Facilities, the Material Project Agreements or the Development.

"*Connection Income Taxes*" means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

"*Conservative Case Commissioning Cargoes*" means for the entire commissioning period of the Phase 1 LNG Facility and the Phase 2 LNG Facility, [\*\*\*] cargoes.

"*Constitutional Documents*" means certificates of formation, limited liability company agreements, partnership agreements, certificates of incorporation, bylaws or any similar entity organizational or constitutive document.

"*Construction Account*" is the account described in Section 4.3(a)(v) (*Accounts*) of the Common Security and Account Agreement.

"*Construction Budget and Schedule*" means (a) the budget delivered pursuant to Section 4.1(g)(i) (*Conditions to Initial Closing Date and Initial Advance – Project Development*) of the Common Terms Agreement as updated and delivered pursuant to Section 4.2(f)(ii) (*Conditions to Upsize Closing Date – Project Development*) of the Common Terms Agreement (which shall be substantially in the form of budget attached as Schedule D-1 (*Construction Budget and Schedule* – *Construction Budget*) to the Common Terms Agreement) and (b) the schedule delivered pursuant to Section 4.1(g)(i) (*Conditions to Initial Closing Date and Initial Advance – Project Development*) of the Common Terms Agreement as updated and delivered pursuant to Section 4.2(f)(ii) (*Conditions to Upsize Closing Date – Project Development*) of the Common Terms Agreement (which shall be substantially in the form of schedule attached as Schedule D-2 (*Construction Budget and Schedule – Construction Schedule*).

"*Construction Contractors*" means the Phase 1 Construction Contractors, the Phase 2 Construction Contractors and any counterparties to Subsequent Material Project Agreements in respect of construction or procurement.

"*Consultants*" has the meaning given in Section 13.1 (*Appointment of Consultants*) of the Common Terms Agreement.

"*Contingency Reserve Account*" is the account described in Section 4.3(a)(ix) (*Accounts*) of the Common Security and Account Agreement.

"*Contingency Reserve Amount*" means an amount equal to $[\*\*\*].

"*Contingency Reserve Requirement*" means the sum of the (i) Updated Contingency Amount; plus (ii) the Project Completion Costs; plus (iii) the Project DSRA.

"*Continuing*" (including, with its corresponding meaning, the terms "*Continuance*" and "*Continuation*") means:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)with respect to any Loan Facility Declared Default, Indenture Declared Default or other comparable event of default or termination event under any other Senior Debt Instrument or Permitted Hedging Instrument, that such event of default or termination event has occurred without the need for declaration, or been declared by required Senior Creditor action, in each case in conformity with the requirements of the Common Terms Agreement or such other Senior Debt Instrument or Permitted Hedging Instrument, as the case may be, and no Cessation Notice or similar notice shall have been given with respect thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)with respect to any Unmatured Loan Facility Event of Default, Unmatured Indenture Event of Default or other unmatured default or termination event under any other Senior Debt Instrument or Permitted Hedging Instrument, that such unmatured default or termination event has occurred and has not been waived or cured; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)with respect to any Loan Facility Event of Default, Indenture Event of Default or other event of default or termination event under any other Senior Debt Instrument or Permitted Hedging Instrument, that such event of default or termination event has occurred and has not been declared, waived or cured.

"*Contract Sales Price*" has the meaning given in the applicable LNG SPA.

"*Contracted Commissioning Cargo Proceeds*" means, as of any date of calculation, the projected Pre-Completion Revenues from contracted cargoes (at the fixed liquefaction fee then-sold for) with respect to the Project.

"*Contribution Agreement*" means that certain Contribution Agreement, dated as of the Initial Closing Date, by and between CP2 EBL Borrower and the Borrower.

"*Contribution Agreement (Upsize Closing)*" means that certain Contribution Agreement, dated on or about the Upsize Closing Date, by and among CP2 LNG Holdings Pledgor, LLC, CP2 LNG Pledgor, LLC, CP2 EBL Borrower and the Borrower.

"*Control*" of a Person means the power to direct the management and policies of that Person, directly or indirectly, whether through the ownership of voting securities, by operation of law, by contract (including pursuant to a partnership or similar agreement) or otherwise; and the terms "*Controlling*" and "*Controlled*" have corresponding meanings to the foregoing.

"*Control Agreements*" means any Deposit Account Control Agreement or Securities Account Control Agreement entered into by and among the Borrower or any Guarantor, the Collateral Agent and Sumitomo Mitsui Banking Corporation or a Third Party Account Bank, with respect to a Local Account or a Third Party Investment Account in accordance with the Common Security and Account Agreement (*Details of Initial Accounts*).

"*Controlling Claimholders*" means Senior Creditor Group Representatives representing a Majority in Interest of the Senior Creditors.

"*Copyright Licenses*" means any and all agreements, licenses and covenants providing for the granting of any right in or to any Copyright or otherwise providing for a

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covenant not to sue for infringement or other violation of any Copyright (whether an Obligor is licensee or licensor thereunder) including each agreement required to be listed in Schedule J (*Intellectual Property*) to the Common Security and Account Agreement under the heading "Copyright Licenses" (as such schedule may be amended or supplemented from time to time).

"*Copyrights*" means all United States, and foreign copyrights (whether or not the underlying works of authorship have been published), including copyrights in software and all rights in and to databases, all designs (including industrial designs, Protected Designs within the meaning of 17 U.S.C. 1301 *et*. *seq*. and Community designs), and all Mask Works (as defined under 17 U.S.C. 901 of the US Copyright Act), whether registered or unregistered, as well as all moral rights, reversionary interests, and termination rights, and, with respect to any and all of the foregoing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)all registrations and applications therefor including the registrations and applications required to be listed in Schedule J (*Intellectual Property*) to the Common Security and Account Agreement under the heading "Copyrights" (as such schedule may be amended or supplemented from time to time);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)all extensions, renewals and restorations thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)all rights to sue or otherwise recover for any past, present and future infringement or other violation thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)all proceeds of the foregoing, including license fees, royalties, income, payments, claims, damages and proceeds of suit now or hereafter due and/or payable with respect thereto; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)all other rights of any kind accruing thereunder or pertaining thereto throughout the world.

"*CP Express Pipeline*" means the approximately 85.4-mile-long mainline natural gas pipeline from Jasper County, Texas to Cameron Parish, Louisiana, an approximately 6.0 mile-long lateral pipeline in Calcasieu Parish, Louisiana, and related facilities connecting the LNG Facility to the existing interstate and intrastate natural gas pipeline system to receive feed gas for liquefaction and the power plant, in each case, as described in the application filed by the Pipeline Company, pursuant to Section 7(c) of the Natural Gas Act, and its subsequent filings, in FERC Docket No. CP22-22.

"*CP Satisfaction Date*" has the meaning given in the applicable LNG SPA.

"*CP2 EBL Borrower*" means CP2 LNG Holdings, LLC, a Delaware limited liability company.

"*Credit Facility Agency Fee Letter*" means the amended and restated fee letter dated as of the Upsize Closing Date entered into between the Borrower, the Guarantors and the Credit Facility Agent in respect of the fees payable to the Credit Facility Agent in respect of its services to be performed as more fully described in the Credit Facility Agreement and the other Finance Documents.

"*Credit Facility Agent*" means the facility agent under the Credit Facility Agreement.

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"*Credit Facility Agreement*" means the Credit Facility Agreement, dated as of the Initial Closing Date, by and among the Borrower, the Guarantors, the Credit Facility Lender Parties party thereto from time to time, the Credit Facility Agent and, solely for purposes of Section 3.06 thereof, the Collateral Agent, as amended by Amendment No. 1 to Credit Facility Agreement and Waiver to Common Terms Agreement, dated as of the Upsize Closing Date, by and among the Borrower, the Guarantors, the Credit Facility Lender Parties party thereto, the Credit Facility Agent, the Collateral Agent and the Intercreditor Agent (such amendment, the "*CFA Amendment*").

"*Credit Facility Lender Parties*" means the Credit Facility Lenders and the Issuing Banks under the Credit Facility Agreement.

"*Credit Facility Lenders*" means the "Lenders" under the Credit Facility Agreement.

"*Credit Facility Secured Parties*" has the meaning given in Exhibit A (*Definitions*) to the Credit Facility Agreement.

"*CTA Payment Date*" means (a) each Quarterly Payment Date, (b) the date for payment of Senior Debt Obligations (including payment dates for the payment of interest) under or pursuant to any Facility Agreement or Permitted Hedging Instrument, including the Common Terms Agreement and (c) the scheduled Final Maturity Date under each Facility Agreement.

"*Debt Commitment Resizing Deadline*" has the meaning assigned to such term in the Equity Contribution Agreement.

"*Debt Commitment Sizing Conditions*" has the meaning assigned to such term in the Equity Contribution Agreement.

"*Debt Domain Website*" has the meaning given in Section 12.7(b) (*Notices*) of the Common Security and Account Agreement.

"*Debt Service*" means, for any period, the sum computed without duplication, of the following: (a) all amounts payable by the Borrower in respect of scheduled principal of indebtedness during such period in respect of Senior Debt Obligations, *plus* (b) interest on Senior Debt Obligations (taking into account Permitted Hedging Instruments) scheduled to become due and payable (or for purposes of the Historical DSCR or Fixed Projected DSCR, accrued or paid) during such period, *plus* (c) all other commitment fees, agency fees, trustee fees or other administrative fees (other than upfront fees, arranging fees, underwriting fees or similar fees) payable in connection with the Senior Debt Obligations; *provided* that, prior to the earlier of the Project Phase 2 Completion Date and the Phase 2 LNG Facility Date Certain, Debt Service shall be calculated taking into account only the interest and fees payable in respect of Tranche 1 Term Loans and Tranche 1 Term Loan Commitments only (and not all Term Loans and Term Loan Commitments more broadly), and taking into account amortization in respect of all Tranche 1 Term Loans.

"*Debt Service Reserve Account*" means the Senior Facilities Debt Service Reserve Account and each Additional Debt Service Reserve Account.

"*Decision*" means any notice, consent, decision, approval, instruction, judgment, direction, objection or Modification.

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"*Declared Event of Default*" means an Event of Default that has been declared or is otherwise deemed to have been declared by a Senior Creditor Group Representative under its Senior Debt Instrument (acting on behalf of the Senior Creditors under, and in accordance with, such Senior Debt Instrument) or otherwise is deemed to have been declared in accordance with the terms of the relevant Senior Debt Instrument.

"*Default Rate*" means a rate per annum equal to the rate that would otherwise be applicable plus 2%, or if there is no applicable interest rate, a rate per annum equal to the highest interest rate applicable to any then-outstanding Senior Debt plus 2%.

"*Defaulting Lender*", with respect to a Facility Agreement, has the meaning given in such Facility Agreement.

"*Delay Liquidated Damages*" means any liquidated damages that are required to be paid to an Obligor under any Material Project Agreement by any Construction Contractor for or on account of any delay in the delivery of equipment and materials, completion of construction activities or in the completion of one or more Performance Tests.

"*Delivered Basis Capacity Limitation*" has the meaning given in Section 12.5(l) (*Material Project Agreements*).

"*Development*" means (a) the Project Phase 1 Development, the Project Phase 2 Development and the Project Phase 3A Development, (b) on and following the occurrence of Phase 3B FID, collectively, the Project Phase 1 Development, the Project Phase 2 Development, the Project Phase 3A Development and the Project Phase 3B Development and (c) on and following the Permitted Internal Expansion FID Conditions Satisfaction Date for any Permitted Internal Expansion, collectively, the Project Phase 1 Development, the Project Phase 2 Development, the Project Phase 3A Development, the Project Phase 3B Development and the development of such Permitted Internal Expansion. "*Develop*" and "*Developed*" shall have corresponding meanings.

"*Development Expenditures*" means, for any period, the aggregate amount of all expenditures of the Obligors (or, subject to Section 7.5 (*External Expansions*), CFCo) payable during such period that, in accordance with GAAP, are or should be included in "*purchase of property, plant and equipment*" or similar items reflected in the consolidated statement of cash flows of the Obligors.

"*DIP Financing*" has the meaning given in Section 10.5(b) (*Certain Agreements with Respect to Bankruptcy*) of the Common Security and Account Agreement.

"*DIP Financing Liens*" has the meaning given in Section 10.5(b)(ii) (*Certain Agreements with Respect to Bankruptcy*) of the Common Security and Account Agreement.

"*DIP Lenders*" has the meaning given in Section 10.5(b) (*Certain Agreements with Respect to Bankruptcy*) of the Common Security and Account Agreement.

"*Direct Agreements*" means, collectively, (a) the agreements listed in Schedule BB (*Direct Agreements*) to the Common Terms Agreement and (b) to the extent not otherwise covered by clause (a), the agreements described in Section 3.4 (*Direct Agreements*) of the Common Security and Account Agreement.

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"*Disbursement Account*" means the Loan Facility Disbursement Accounts and Senior Note Disbursement Accounts required to be established pursuant to Section 4.3(a)(i)-(ii) (*Accounts*) of the Common Security and Account Agreement.

"*Disbursement Endorsement*" means endorsement(s) to the Title Policy (dated not earlier than two Business Days prior to the date of the requested Advance, as applicable) substantially in the form of the ALTA 33-06 Endorsement attached as Schedule W (*Form of Disbursement Endorsement)* to the Common Terms Agreement (which has been paired with the ALTA 32-06 Endorsement attached to the Title Policy).

"*Disbursement Request*" means a drawdown notice or request for issuance of letter(s) of credit, as applicable, substantially in the form set forth in Schedule B-1 (*Disbursement Request Form (Term Loans)*), Schedule B-2 (*Disbursement Request Form (Working Capital Loans)*) or Schedule B-3 (*Issuance Request Form (Letters of Credit)*) to the Common Terms Agreement (or equivalent under another Senior Debt Instrument), given by the Borrower requesting an Advance with respect to a Loan in accordance with the terms of Section 2.3 (*Loan Disbursement and Letter of Credit Issuance Procedures*) of the Common Terms Agreement and/or the applicable Facility Agreement or a request for issuance of letter(s) of credit in accordance with the terms of the applicable Facility Agreement.

"*Discharge Date*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)with respect to the Senior Debt Obligations under a Senior Debt Instrument, the date on which such Senior Debt Obligations thereunder shall have been unconditionally paid or discharged in full in US Dollars (other than Senior Debt Obligations thereunder that by their terms survive and with respect to which no claim has been made by the applicable Senior Creditor), the Senior Debt Commitments thereunder shall have been terminated, expired or been reduced to zero and all letters of credit thereunder (if any) shall have been terminated or collateralized in accordance with the provisions of such Senior Debt Instrument;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)with respect to the Senior Debt Obligations under a Permitted Senior Debt Hedging Instrument, the date on which such Senior Debt Obligations thereunder shall have been unconditionally paid or discharged in full in US Dollars (other than Senior Debt Obligations thereunder that by their terms survive and with respect to which no claim has been made by the applicable Senior Creditor) and all transactions under such Permitted Senior Debt Hedging Instrument shall have terminated or expired; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)with respect to all Senior Debt Obligations, collectively, the date on which each of the above shall have occurred with respect to each then-existing Senior Debt Instrument and Permitted Senior Debt Hedging Instrument and any other Senior Debt Obligations owing to the Intercreditor Agent, Facility Agents, Collateral Agent or other Secured Parties shall have been unconditionally paid or discharged in full in US Dollars (other than Senior Debt Obligations that by their terms survive and with respect to which no claim has been made by the applicable Secured Party).

"Disputed Amounts" has the meaning given in Section 14.3(f) (Conditions to Occurrence of the Project Phase 2 Completion Date – Payment) of the Common Terms Agreement.

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"Disqualified Advisor" means (a) unless otherwise consented to by the Borrower in writing (including email) any Person set forth by the Borrower on Schedule Z (Disqualified Advisors) of the Common Terms Agreement as of the Upsize Closing Date (the "Disqualified Advisor List"), as updated from time to time by the Borrower by three Business Days' prior written notice to the Intercreditor Agent and each Facility Agent to add any counsel, consultants or other advisors of the Borrower or (b) any clearly identifiable (solely on the basis of its name or as identified by the Borrower to the Credit Facility Agent) Affiliate of the entities described in clause (a); provided that, any designation as a "Disqualified Advisor" shall not apply retroactively.

"*Disqualified Institution*" means (a) any Person set forth by the Borrower on Schedule Y (*Disqualified Institutions)* of the Common Terms Agreement as of the Upsize Closing Date, as updated from time to time by the Borrower by three Business Days' prior written notice to the Intercreditor Agent and each Facility Agent to add any competitor of any Obligor or (b) any clearly identifiable (solely on the basis of its name or as identified by the Borrower to the Intercreditor Agent) Affiliate of the entities described in clause (a), excluding any bona fide debt fund affiliate of such Person that is primarily engaged in, or advises funds or other investment vehicles that are engaged in, making, purchasing, holding, or otherwise investing in commercial loans, bonds, and similar extensions of credit or securities in the ordinary course of its business; *provided* that, any designation as a "Disqualified Institution" shall not apply retroactively to any then current Credit Facility Lenders or any entity that has acquired an assignment or participation interest in any Term Loans or Working Capital Loans in accordance with and under the Credit Facility Agreement. The parties to this Agreement hereby acknowledge and agree that no Facility Agent shall be deemed to be in default under this Agreement or to have any duty or responsibility or to incur any liabilities, nor shall such Facility Agent have any duty, responsibility or liability to monitor or enforce assignments, participations or other actions in respect of Disqualified Institutions, or otherwise take (or omit to take) any action with respect thereto.

"*Distribution Account*" is the account described in Section 4.3(a)(xv) (*Accounts*) of the Common Security and Account Agreement.

"*Documentation Bank Fee Letter*" means the fee letter, dated as of the Initial Closing Date, entered into between the Borrower, the Guarantors, ING Capital LLC and Banco Santander, S.A., New York Branch, in respect of the fees payable to each of ING Capital LLC and Banco Santander, S.A., New York Branch, in respect of their services to be performed as Tranche 1 Documentation Bank (as more fully described in the Credit Facility Agreement and the other Finance Documents).

"*DOE*" means the US Department of Energy.

"*DOE Authorization Condition*" means authorizations under Section 3 of the Natural Gas Act issued by the DOE for the export of natural gas both to nations with which the United States has free trade agreements for natural gas trade and to other nations with which trade is not prohibited by United States law or policy, which are necessary for the applicable phase of Development, have been duly obtained and validly issued, are in full force and effect, and satisfy the Permit Appeal Qualification.

"*DOT*" means the US Department of Transportation.

"*DPU*" means Delivered at Place Unloaded as defined in Incoterms 2010.

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"*Drawstop Equity Contributions*" means contributions of cash equity made to Borrower during any period in which Borrower is unable to satisfy the conditions set forth in Section 4.3 (*Conditions to Each Term Loan Advance*) of the Common Terms Agreement (regardless of whether an Advance is then being requested), which contributions shall not be required to be deposited into the Construction Account in accordance with the Common Security and Account Agreement. For the avoidance of doubt, no Equity Contribution shall be a Drawstop Equity Contribution.

"*Dredging Services Agreement*" means that certain Dredging Services Agreement, dated as of May 16, 2025, by and between Callan and the Borrower, as supplemented by Anticipated Limited Notice to Proceed, dated as of May 23, 2025 and Notice to Proceed, dated as of June 6, 2025, and as amended by Change Order No. 1, dated as of August 26, 2025, Change Order No. 2, dated as of November 15, 2025 and Change Order No. 3, dated as of January 27, 2026.

"*DSCR*" means either Historical DSCR or Fixed Projected DSCR.

"*Duration Fee Letter*" means that certain Venture Global CP2 LNG Credit Facility Agreement Tranche 2 Duration Fee Side Letter, dated as of the Upsize Closing Date, by and among the Credit Facility Agent, the Borrower, the Pipeline Company and the Procurement Company.

"*Early Cargo Projections*" means the then current forecasts of commissioning cargoes to be exported at the Phase 1 Project Facilities prior to the occurrence of the Commercial Operation Date (under the Phase 1 Initial LNG SPAs) and at the Phase 2 LNG Facility prior to the occurrence of the Commercial Operation Date (under the Phase 2 Initial LNG SPAs), including, as of any date of delivery of such forecasts, the portion of such commissioning cargoes that are contracted.

"*EEA Financial Institution*" means (a) any credit institution or investment firm established in any EEA Member Country that is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country that is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country that is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

"*EEA Member Country*" means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.

"*EEA Resolution Authority*" means any public administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

"*ENBW*" means ENBW Energie Baden-Württemberg AG.

"*Enforcement Action*" has the meaning given in Section 16.1(a) (*Facility Lender Remedies for Loan Facility Declared Events of Default – Enforcement Action*) of the Common Terms Agreement.

"*Enforcement Proceeds Account*" has the meaning given in Section 6.7(a) (*Enforcement Proceeds Account*) of the Common Security and Account Agreement.

"*ENI*" means ENI S.p.A.

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"*Environmental Claim*" means any administrative, regulatory or judicial action, suit, judgment or other legal action (collectively, a "*claim*") by any Person alleging or asserting liability for investigatory costs, response, cleanup or other remedial costs, legal costs, environmental consulting costs, governmental environmental response costs, damages to natural resources or other property, personal injuries, fines or penalties arising out of (a) the presence, Release or threatened Release into the environment, of any Hazardous Material at any location, whether or not owned by the Person against whom such claim is made, or (b) any violation of any Environmental Law. The term "*Environmental Claim*" will include any claim by any Person or Governmental Authority for enforcement, cleanup, removal, response, remedial action or damages pursuant to any Environmental Law, and any claim by any third party seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief under any Environmental Law.

"*Environmental Consultant*" means Lummus Consultants International LLC or any independent replacement environmental consulting firm to be selected in accordance with Section 13.2 (*Replacement and Fees*) of the Common Terms Agreement.

"*Environmental Laws*" means all federal, state, and local statutes, laws, regulations, rules, judgments (including all tort causes of action), orders or decrees, in each case as modified and supplemented and in effect from time to time concerning the regulation, use or protection of the environment, coastal resources, protected plant and animal species, human health and safety, Hazardous Materials, including exposure to or to Releases or threatened Releases of Hazardous Materials into the environment, including ambient air, soil, surface water, groundwater, wetlands, coastal waters, land or subsurface strata, or otherwise relating to the generation, manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials.

"*EPC Change in Law*" means "Change in Law" as defined in each applicable Material Project Agreement.

"*EPC Contracts*" means, collectively, the Phase 1 EPC Contract and the Phase 2 EPC Contract.

"*Equator Principles*" means the principles named "Equator Principles – A financial industry benchmark for determining, assessing and managing social and environmental risk in projects" adopted by various financing institutions in the form dated July 2020 and effective October 2020, available at: https://equator-principles.com/wp-content/uploads/2020/05/The-Equator-Principles-July-2020-v2.pdf.

"*Equity Commitment Documents*" mean the Equity Contribution Agreement, the Acceptable Equity Letters of Credit (and any Acceptable Guaranty in respect thereof) and any other document evidencing the Equity Commitment Support.

"*Equity Commitment Funding*" means a funding in cash in respect of one or more Equity Commitment Support, the proceeds of which have been contributed to the Construction Account or the Additional Proceeds Prepayment Account(s), as applicable.

"*Equity Commitment Support*" means one or a combination of (i) Acceptable Equity Letters of Credit and (ii) cash collateral.

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"*Equity Contribution*" means the amounts funded in accordance with Section 4.1(aa) (*Conditions to Initial Closing Date and Initial Advance*) and Section 4.2(y) (*Conditions to Upsize Closing Date*) and contributions made to the Borrower under the Equity Contribution Agreement (including by means of a draw on Equity Commitment Support).

"*Equity Contribution Agreement*" means that certain Equity Contribution Agreement, dated as of the Upsize Closing Date, by and among the Sponsor, the Borrower, the Collateral Agent, the Intercreditor Agent and, solely for purposes of Section 2.1(b) thereof, Venture Global CP2 LNG Holding, LLC, CP2 LNG Holdings, LLC, CP2 LNG Pledgor, LLC and the Pledgor.

"*Equity Funding*" means contributions made to the Borrower in the form of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)equity funding from a direct or indirect shareholder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)payment of Project Costs in respect of the Project Phase 1 Development prior to the Initial Closing Date to the extent such amounts were not funded with Bridge Loans or reimbursed with the proceeds of Bridge Loans;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)payment of Project Costs in respect of the Project Phase 2 Development prior to the Upsize Closing Date in the amount set forth in the certificate of the Independent Engineer delivered pursuant to Section 4.2(g)(vii) (*Conditions to Upsize Closing Date – Project Development*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Cash Flow applied or committed to be applied towards Project Costs prior to (i) with respect to the Phase 1 Project Facilities, the Project Phase 1 Completion Date, (ii) with respect to the Phase 2 LNG Facility, the Project Phase 2 Completion Date, (iii) with respect to the Phase 3A LNG Facility, the Project Phase 3A Completion Date, (iv) with respect to the Phase 3B LNG Facility, the Project Phase 3B Completion Date or (v) with respect to any Permitted Internal Expansion, "project completion date" in respect of such Permitted Internal Expansion (including (i) with respect to the Phase 1 Project Facilities, prior to the Project Phase 1 Completion Date, Pre-Completion Revenues transferred from the Pre-Completion Revenues Account to the Construction Account or the Contingency Reserve Account in accordance with Section 4.5(b)(ii)(C) (*Deposits and Withdrawals – Pre-Completion Revenues Account*) of the Common Security and Account Agreement, (ii) with respect to the Phase 2 LNG Facility, prior to the Project Phase 2 Completion Date, Pre-Completion Revenues transferred from the Pre-Completion Revenues Account to the Construction Account or the Contingency Reserve Account in accordance with Section 4.5(b)(ii)(C) (*Deposits and Withdrawals – Pre-Completion Revenues Account*) of the Common Security and Account Agreement, (iii) with respect to the Phase 3 LNG Facility, Pre-Completion Revenues transferred from the Pre-Completion Revenues Account to the Construction Account or the Contingency Reserve Account in accordance with Section 4.5(b)(ii)(C) (*Deposits and Withdrawals – Pre-Completion Revenues Account*) of the Common Security and Account Agreement, and (iv) on and following the Project Phase 1 Completion Date, proceeds on deposit in the Revenue Account at the *eighth* or *eleventh* level of priority in the waterfall in Section 4.7 (*Cash Waterfall*) of the Common Security and Account Agreement to the extent permitted by Section 4.7(a)(viii) (*Cash* 

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*Waterfall*) or 4.7(a)(xi) (*Cash Waterfall*) of the Common Security and Account Agreement, as applicable, and, in each case, applied towards such Project Costs);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Cash Flow applied or committed to be applied to Development Expenditures that are not committed under the Base Case Forecast or otherwise committed to fund development of Project Costs (including (i) with respect to the Phase 1 Project Facilities, prior to the Project Phase 1 Completion Date, Pre-Completion Revenues transferred from the Pre-Completion Revenues Account to the Construction Account or the Contingency Reserve Account in accordance with Section 4.5(b)(ii)(C) (*Deposits and Withdrawals –Pre-Completion Revenues Account*) of the Common Security and Account Agreement, (ii)with respect to the Phase 2 LNG Facility, prior to the Project Phase 2 Completion Date, Pre-Completion Revenues transferred from the Pre-Completion Revenues Account to the Construction Account or the Contingency Reserve Account in accordance with Section 4.5(b)(ii)(C) (*Deposits and Withdrawals –Pre-Completion Revenues Account*) of the Common Security and Account Agreement, (iii) with respect to the Phase 3 LNG Facility, prior to the Project Phase 3 Completion Date, Pre-Completion Revenues transferred from the Pre-Completion Revenues Account to the Construction Account or the Contingency Reserve Account in accordance with Section 4.5(b)(ii)(C) (*Deposits and Withdrawals –Pre-Completion Revenues Account*) of the Common Security and Account Agreement, and (iv) on and following the Project Phase 1 Completion Date, proceeds on deposit in the Revenue Account at the *seventh* or *eleventh* level of priority in the waterfall in Section 4.7 (*Cash Waterfall*) of the Common Security and Account Agreement to the extent permitted by Section 4.7(a)(vii) (*Cash Waterfall*) or 4.7(a)(xi) (*Cash Waterfall*) of the Common Security and Account Agreement, as applicable, and, in each case, applied towards such Development Expenditures);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)any Drawstop Equity Contributions, to the extent not reimbursed pursuant to Section 11.2(c) (*Certain Restricted Payments*); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)following the Project Phase 2 Completion Date, Cash Flows applied towards other capital expenditures in respect of the Project Facilities; *provided* that, such Cash Flows following the Project Phase 2 Completion Date would qualify to be distributed as Restricted Payments based on meeting the conditions set forth in Section 11.1 (*Conditions to Restricted Payments*) of the Common Terms Agreement or are otherwise eligible to be used for Required Capital Expenditures.

"*Equity Funding Backstop Amount*" means $[\*\*\*].

"*Equity Interests*" means any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), including partnership interests and membership interests, and any and all warrants, rights or options to purchase or other arrangements or rights to acquire any of the foregoing.

"*ERISA*" means the Employee Retirement Income Security Act of 1974.

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"*ERISA Affiliate*" means any Person, or trade or business that is a member of any group of organizations: (a) described in Section 414(b), (c), (m) or (o) of the Code of which the Borrower is a member and (b) solely for purposes of potential liability under Section 302(b) of ERISA and Section 412(b) of the Code and the lien created under Section 303(k) of ERISA and Section 430(k) of the Code, described in Section 414(m) or (o) of the Code of which an Obligor is a member.

"*ERISA Event*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)any "reportable event," as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan, other than events for which the 30-day notice period has been waived by current regulation under PBGC Regulation Subsections .27, .28, .29 or .31;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the failure with respect to any Plan to meet the minimum funding requirements of Section 412 or 430 of the Code or Section 302 or 303 of ERISA, whether or not waived;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the filing pursuant to Section 412(c) of the Code or Section 303 of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)the incurrence by an Obligor or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)the filing of notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)the institution of proceedings to terminate a Plan by PBGC or to appoint a trustee to administer any Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)the withdrawal by an Obligor or any of its ERISA Affiliates from a multiple employer plan (within the meaning of Section 4064 of ERISA) during a plan year in which it was a "substantial employer," as such term is defined under Section 4064 of ERISA, upon the termination of a Multiemployer Plan or the cessation of operations under a Plan pursuant to Section 4062(e) of ERISA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)the incurrence by an Obligor or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Multiemployer Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the attainment of any Plan of "at risk" status within the meaning of Section 430 of the Code or Section 303 of ERISA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)the receipt by an Obligor or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from an Obligor or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in critical, endangered or seriously endangered status, within the meaning of the Code or Title IV of ERISA;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)the failure of an Obligor or any ERISA Affiliate to pay when due any amount that has become liable to the PBGC, any Plan or trust established thereunder pursuant to Title IV of ERISA or the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)the adoption of an amendment to a Plan requiring the provision of security to such Plan pursuant to Section 436(f) of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)an Obligor engages in a "prohibited transaction" within the meaning of Section 4975 of the Code or Section 406 of ERISA that is not otherwise exempt by statute, regulation or administrative pronouncement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)the imposition of a lien under ERISA or the Code with respect to any Plan or Multiemployer Plan.

"*EU Bail-In Legislation Schedule*" means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time.

"*Event of Default*" means a Loan Facility Event of Default, an Indenture Event of Default or any comparable Obligor event of default under any other Senior Debt Instrument entered into after the date of the Common Security and Account Agreement.

"*Event of Loss*" means any event that causes any Project Facilities, or any portion thereof to be damaged, destroyed or rendered unfit for normal use for any reason whatsoever and, in each case, shall include an Event of Taking.

"*Event of Taking*" means any taking, seizure, confiscation, requisition, exercise of rights of eminent domain, public improvement, inverse condemnation, condemnation or similar action of or proceeding by any Governmental Authority relating to all or any part of the Project Facilities, the Development, any Equity Interests in the Obligors or any other part of the Security Interests.

"*Excess Capacity LNG SPAs*" means, collectively, the Phase 1 Excess Capacity LNG SPA and the Phase 2 Excess Capacity LNG SPA.

"*Excess Capacity Quantity*" means an amount equal to (a) the quantity of LNG that the Phase 1 LNG Facility and the Phase 2 LNG Facility is then capable of producing *minus* (b) any Supplemental Quantity that has been contracted under LNG SPAs *minus* (c) the aggregate ACQ under the Required LNG SPAs with respect to the Phase 1 LNG Facility and the Phase 2 LNG Facility.

"*Excess Equity Proceeds Account*" means the account described in Section 4.3(a)(xvi) (*Accounts*) of the Common Security and Account Agreement.

"*Excluded Accounts*" means Excluded Unsecured Accounts and any escrow account established under each Material Project Agreement.

"*Excluded Assets*" has the meaning given in Section 3.2(f) (*Security Interests to be Granted by the Obligors* – *Excluded Assets*) of the Common Security and Account Agreement.

"*Excluded Lender*" means any Facility Lender which has notified the applicable Facility Agent that it is subject to the Blocking Regulation and that it is an "Excluded

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Lender" for the purposes of Section 12.1 (*Use of Proceeds*), Section 12.6 (*Compliance with Law*), clauses (c) and (g) of Section 5.1 (*Initial Representations and Warranties of the Obligors*), and clauses (d)(ii) and (o) of Section 5.2 (*Repeated Representations and Warranties of the Obligors*). As of the Upsize Closing Date, and each of Norddeutsche Landesbank Girozentrale, New York Branch, Landesbank Baden-Württemberg, New York Branch, Bayerische Landesbank, New York Branch and Landesbank Hessen-Thüringen Girozentrale, New York Branch is an Excluded Lender.

"*Excluded Swap Obligation*" means, with respect to any Obligor, any Swap Obligation if, and to the extent that, all or a portion of the guarantee of such Obligor of, or the grant by such Obligor of a security interest to secure, such Swap Obligation (or any guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Obligor's failure for any reason to constitute an "eligible contract participant" as defined in the Commodity Exchange Act and the regulations thereunder at the time the guarantee of such Obligor or the grant of such security interest becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such guarantee or security interest is or becomes illegal.

"*Excluded Tax*" means any of the following Taxes imposed on or with respect to a Finance Party or required to be withheld or deducted from a payment to a Finance Party:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Finance Party being organized under the laws of, or having its principal office or, in the case of any Facility Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)in the case of a Facility Lender, US federal withholding Tax imposed on amounts payable to or for the account of such Facility Lender pursuant to a law in effect at the time such Facility Lender acquires an interest in a Loan or Facility Debt Commitment or designates a new lending office (other than pursuant to an assignment or new lending office designation request by the Borrower), except to the extent that such Facility Lender (or its assignor, if any) was entitled, at the time of such designation of a new lending office (or assignment), to receive additional amounts from the Borrower with respect to such withholding Tax pursuant to the Facility Agreement provisions described in Section 21.1 (*Withholding Tax Gross-Up*) of the Common Terms Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Taxes attributable to a Facility Lender's failure to comply with the provisions described in Section 21.5 (*Status of Facility Lenders and Facility Agents*) of the Common Terms Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)withholding Taxes imposed under FATCA.

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"*Excluded Unsecured Accounts*" has the meaning given in Section 3.2(f)(iv) (*Security Interests to be Granted by the Obligors* – *Excluded Assets*) of the Common Security and Account Agreement.

"*Existing Facility Lender*" has the meaning given in Section 19.6 (*Transfers by a Facility Lender*) of the Common Terms Agreement.

"*Expansion*" has the meaning given in Section 7.2 (*Expansion Contracts*) of the Common Terms Agreement.

"*Expansion Funding Sources*" has the meaning given in Section 7.2 (*Expansion Contracts*) of the Common Terms Agreement.

"*Export Authorization*" means a long-term, multi-contract authorization issued by the DOE to export LNG from the LNG Facility, including the FTA Authorization and the Non-FTA Authorization.

"*Export Authorization Remediation*" has the meaning given in Section 8.2(a)(ii)(A) (*LNG SPA Mandatory Prepayment*) of the Common Terms Agreement.

"*External Expansion*" means any Expansion of the Project Facilities that is not a Permitted Internal Expansion.

"*External LNG/CCS Assets*" means one or more pipelines, trains, and related storage, loading and other ancillary infrastructure (including carbon capture and sequestration facilities), if any, constructed at or adjacent to the site of, the Development and are not owned by the Borrower or a Subsidiary of the Borrower.

"*External LNG/CCS Entity*" means the entity undertaking development of External LNG/CCS Assets.

"*ExxonMobil LNG*" means ExxonMobil LNG Asia Pacific (registered as ExxonMobil Asia Pacific Pte. Ltd.).

"*FAA (CP2 Phase 1 Pipe Rack Modules)"* means that certain Fabrication and Assembly Agreement (CP2 Phase 1 Pipe Rack Modules), dated as of May 5, 2025, by and between PCI and the Procurement Company (as assignee of the Borrower, pursuant to the Assignment and Assumption Agreement, dated as of June 17, 2025), as supplemented by the Amended and Restated Limited Notice to Proceed No. 1, dated as of May 15, 2025 and Notice to Proceed, dated as of September 15, 2025.

"*FAA (CP2 Phase 1 Pre-Treatment Modules)*" means that certain Fabrication and Assembly Agreement (CP2 Phase 1 Pre-Treatment Modules), dated as of March 24, 2025, between PCI and the Procurement Company (as assignee of the Borrower, pursuant to the Assignment and Assumption Agreement, dated as of June 17, 2025), as amended by Amendment No. 01, dated as of July 7, 2025 and Amendment No. 02, dated as of January 30, 2026, and as modified by Change Order No. 01, dated as of July 7, 2025 and Change Order No. 02, dated as of February 2, 2026, and as supplemented by Notice to Proceed, dated as of May 13, 2025.

"*FAA (CP2 Phase 2 Pre-Treatment Modules)*" means that certain Fabrication and Assembly Agreement (CP2 Phase 2 Pre-Treatment Modules), dated as of January 13, 2026, by and between Performance Contractors, Inc. and the Procurement Company (as assignee of CP2 Development Co., LLC pursuant to that certain Assignment and

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Assumption Agreement, dated on or about the Upsize Closing Date), as amended by that certain Amendment No. 1, dated February 3, 2026, and as supplemented by that certain Limited Notice to Proceed No. 1, dated as of February 12, 2026.

"*Fabrication and Assembly Agreements*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)FAA (CP2 Phase 1 Pre-Treatment Modules); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)FAA (CP2 Phase 1 Pipe Rack Modules).

"*Facility Agent*" means the facility agent under any Facility Agreement.

"*Facility Agreements*" means the Credit Facility Agreement and any individual loan facility agreements (not including any Indenture or facility agreement for a "term loan B" financing that the Borrower has elected to treat as an Indenture) evidencing permitted Replacement Debt, Working Capital Debt, after the satisfaction of the Permitted Approved Expansion Debt Conditions in accordance with Section 6.5 (*Permitted Approved Expansion Debt*), Permitted Approved Expansion Debt, and/or after the satisfaction of the applicable conditions in Section 6.6 (*Supplemental Debt*), *pari passu* Permitted Relevering Debt, Permitted Completion Senior Debt, PDE Senior Debt, and/or Restoration Debt (and for which the Facility Agents have acceded to the Common Terms Agreement and to the Common Security and Account Agreement), in each case as required thereby, and "*Facility Agreement*" shall have a corresponding meaning.

"*Facility Debt Commitment*" means the aggregate principal amount of Loans and letters of credit any Facility Lender is committed to disburse to or issue on behalf of the Borrower under any Facility Agreement.

"*Facility Debt Obligations*" means the Senior Debt Obligations arising under the Facility Agreements.

"*Facility Lenders*" means the Credit Facility Lender Parties and the lenders and issuing banks under any other Facility Agreements entered into after the Initial Closing Date, and "*Facility Lender*" shall have a corresponding meaning.

"*Fair Labor Standards Act*" means the Fair Labor Standards Act of 1938.

"*FATCA*" means Sections 1471 through 1474 of the Code, as of the Initial Closing Date (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code, any intergovernmental agreement, treaty or convention entered into in connection with the implementation of such Sections of the Code and any fiscal or regulatory legislation, rules or official practices adopted pursuant to such intergovernmental agreement and implementing any of the foregoing.

"*Federal Reserve Bank*" means each of the 12 Reserve Banks under the United States Federal Reserve System, or any successor thereto.

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"*Federal Reserve Board*" means the Board of Governors of the United States Federal Reserve System, or any successor thereto.

"*Fee Letters*" means the Intercreditor Agency Fee Letter, the Account Bank Fee Letter, the Collateral Agency Fee Letter, the Credit Facility Agency Fee Letter, the Documentation Bank Fee Letter, the fee letter with the initial Lenders, dated as of July 24, 2025, the fee letter with the initial Tranche 2 Lenders, dated as of March 5, 2026, the Hedge Coordinator Fee Letters, the Syndication Agent Fee Letter, the Duration Fee Letter and any other similar fee letter, fee agreement or other fee arrangement between an Obligor and a Facility Agent, or between an Obligor and any of the Account Bank, Intercreditor Agent, Collateral Agent, Credit Facility Agent or other Facility Agent or Facility Lender that may be entered into from time to time after the date of the Common Security and Account Agreement.

"*FERC*" means the US Federal Energy Regulatory Commission.

"*FERC Order*" means the order, 187 FERC ¶ 61,199, issued by the FERC in Docket Nos. CP22-21 and CP22-22 on June 27, 2024, authorizing, inter alia, the siting, construction and operation of the LNG Facility and the CP Express Pipeline, as modified in part in the order on rehearing, 189 FERC ¶ 61,148, issued by the FERC in those dockets on November 27, 2024, the second order on rehearing, 191 FERC ¶ 61,153, issued by FERC in those dockets on May 23, 2025, and an additional order on rehearing, 192 FERC ¶ 61,157, issued by FERC in those dockets on August 15, 2025, as it may be amended or modified in the future.

"*Final Completion*" with respect to the Phase 1 Project Facilities, has the meaning given in the Phase 1 EPC Contract, and with respect to the Phase 2 LNG Facility, has the meaning given in the Phase 2 EPC Contract.

"*Final Maturity Date*" means, with respect to each of the Facility Agreements, the date on which all Senior Debt under such Facility Agreement comes due, whether upon acceleration or otherwise.

"*Finance Documents*" means, together, each of the following documents:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Common Terms Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Common Security and Account Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the individual Facility Agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)any Indenture;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)the Security Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)the Direct Agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)the Senior Notes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)the Intercreditor Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Fee Letters and any other fee letters with parties providing financing (other than any Equity Funding);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)any Permitted Senior Debt Hedging Instrument;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)as of the Upsize Closing Date, any other document that expressly provides therein that such document is a Finance Document;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)to the extent the Aggregate Remaining Equity Contribution Obligations are greater than $0 and the Debt Commitment Sizing Conditions have not been satisfied, the Equity Commitment Documents; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)any other document the Intercreditor Agent (acting on the instructions of the Requisite Intercreditor Parties) designates, with the consent of the Borrower (such consent not to be unreasonably withheld), a Finance Document;

*provided* that, when used with respect to the Facility Lenders, such term shall not include any Indenture or Senior Notes and when used with respect to the Senior Notes, such term shall not include the Common Terms Agreement, Facility Agreement or any other Finance Document to which the Indenture Trustee is not a party or under which security is not intended to be granted for the benefit of the Senior Notes.

"*Finance Party*" means each Facility Lender, the Intercreditor Agent, the Collateral Agent, each Senior Creditor Group Representative (in its own right and in its capacity as agent), each Hedging Bank and the Account Bank.

"*First of Month Index*" means a price which represents the most commonly traded fixed price at a major trading point and as published by Inside FERC Gas Market Report ("*IFERC*" or any successor publication widely used to establish index pricing in the US natural gas trading market).

"*First Tranche 1 Repayment Date*", with respect to the Credit Facility Agreement, has the meaning given in the Credit Facility Agreement.

"*First Tranche 2 Repayment Date*", with respect to the Credit Facility Agreement, has the meaning given in the Credit Facility Agreement.

"*Fitch*" means Fitch Ratings Ltd. or any successor thereto.

"*Fixed-Floating Futures Swap*" means a contract which entitles the buyer of the contract to pay a fixed price for natural gas and the seller to pay a floating price equal to the final settlement price of the Futures Contract settlement prices. The Fixed-Floating Futures Swap shall be settled financially, via exchange of cash payment at the expiration of the underlying Futures Contract, rather than physically.

"*Fixed Projected DSCR*" means, for each Quarterly Payment Date during the applicable measurement period beginning no earlier than the First Tranche 1 Repayment Date, the ratio of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Cash Flow Available for Debt Service projected for such period, calculated solely to reflect (i) the fixed liquefaction fee under each of the Qualifying LNG SPAs then in effect, (ii) expected interest and investment earnings paid to the Obligors during such period, (iii) amounts expected to be paid to the Obligors during such period as Business Interruption Insurance Proceeds and (iv) the fixed expenses that could reasonably be

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expected to be incurred by the Obligors if the Material Project Counterparties were not lifting any cargoes under the Qualifying LNG SPAs; to

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Senior Debt Obligations projected to be paid in such period (taking into account Permitted Hedging Instruments) (other than (i) pursuant to voluntary prepayments or mandatory prepayments, (ii) Senior Debt due at maturity, (iii) Working Capital Debt, (iv) Hedging Termination Amounts, (v) for any period prior to the earlier of (x) the date of satisfaction of the Debt Commitment Sizing Conditions or (y) the Debt Commitment Resizing Deadline, Senior Debt Obligations in an amount equal to the Aggregate Remaining Equity Contribution Obligations under the Equity Contribution Agreement and supported by Equity Commitment Support and (vi) for any period prior to the earlier of the Project Phase 2 Completion Date and the Phase 2 LNG Facility Date Certain, (A) Senior Debt Obligations with respect to the Term Loan Commitments other than Debt Service and (B) pursuant to Permitted Hedging Instruments with respect to the Tranche 2 Senior Debt).

"*Flood Certificate*" has the meaning given in Section 4.1(t)(i) (*Conditions to Initial Closing Date and Initial Advance – Flood Insurance*) of the Common Terms Agreement.

"*Flood Program*" has the meaning given in Section 4.1(t)(i)(C) (*Conditions to Initial Closing Date and Initial Advance – Flood Insurance*) of the Common Terms Agreement.

"*FOB*" means Free on Board as defined in Incoterms 2010.

"*FTA Authorization*" means the Order Granting Long-Term Authorization to Export LNG to Free Trade Agreement Nations issued by DOE/FECM in FE Docket No. 21-131-LNG in its Order No. 4812 on April 22, 2022, as it may be amended or modified in the future.

"*Fund*" means any Person that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit.

"*Funding Losses*" under a Facility Agreement means those losses, expenses or liabilities in respect of Loans incurred by the respective Facility Lenders under such Facility Agreement that the Borrower is required to compensate such Facility Lenders in respect of thereunder.

"*Futures Contract*" means a contract which entitles the buyer of the contract to claim physical delivery of natural gas from the seller at a specified contract delivery point at a specified date in the future and entitles the seller to deliver the physical commodity to the buyer under the same conditions. The price between the buyer and the seller shall be transacted at the price of final settlement on a monthly basis.

"*GAAP*" means generally accepted accounting principles in the jurisdiction in which the relevant party's financial statements are prepared or International Accounting Standards/International Financial Reporting Standards, as in effect from time to time.

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"*Gas*" means any hydrocarbon or mixture of hydrocarbons consisting essentially of methane and other paraffinic hydrocarbons and non-combustible gases in a gaseous state.

"*Gas Hedge Provider*" means any party (other than the Obligors or their Affiliates) that is a party to a Gas Hedging Instrument that is secured pursuant to the Security Documents.

"*Gas Hedging Instruments*" means Gas swaps, options contracts, futures contracts, options on futures contracts, caps, floors, collars or any other similar arrangements entered into by any Obligor related to movements in Gas prices.

"*Gas Transportation Agreements*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Interconnection Agreement (CP Express Interconnect), dated as of June 7, 2024, by and between the Pipeline Company and Blackfin Pipeline LLC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Amended and Restated Precedent Agreement – Anchor Shipper for Firm Transportation Service, dated as of April 29, 2025, by and between the Borrower and the Pipeline Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the West Leg Project Amended and Restated Precedent Agreement for Firm Natural Gas Service, dated as of June 24, 2024, by and between the Borrower and TC Louisiana Intrastate Pipeline LLC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)the Transportation Service Agreement (Agreement No. M-649), dated as of November 1, 2024, by and between the Borrower and Matterhorn Express Pipeline, LLC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Transportation Service Agreement (Agreement No. E-649), dated as of October 16, 2025, by and between Matterhorn Express Pipeline, LLC, Eiger Express Pipeline and the Borrower (as assignee of VG Gas Marketing, LLC (as assignee of VG LNG Marketing, LLC pursuant to that certain Assignment and Assumption Agreement, dated as of November 14, 2025) pursuant to that certain Assignment and Assumption Agreement, dated on or about the Upsize Closing Date);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Transportation Service Agreement, dated as of July 25, 2025, by and between Pelican Pipeline, LLC, and the Borrower (as assignee of VG Gas Marketing, LLC (as assignee of VG LNG Marketing, LLC pursuant to that certain Assignment and Assumption Agreement, dated as of November 19, 2025) pursuant to that certain Assignment and Assumption Agreement, dated on or about the Upsize Closing Date);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)Contractual Payment Right Letter Agreement dated as of July 25, 2025, by and between Pelican Pipeline, LLC, Pelican Pipeline Holdings, LLC and the Borrower (as assignee of VG Gas Marketing LLC (as assignee of VG LNG Marketing LLC pursuant to that certain Assignment and Assumption Agreement dated as of November 19, 2025) pursuant to that certain Assignment and Assumption Agreement dated on or about the Upsize Closing Date), as supplemented by that certain Joinder Agreement, dated on or about the Upsize Closing Date, by and between Borrower and Pelican Pipeline Holdings, LLC;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)NGPA 311 Interruptible Natural Gas Transportation Agreement, dated as of November 1, 2025, by and between Oasis Pipeline, LP and the Borrower (as assignee of VG Gas Marketing LLC pursuant to that certain Assignment and Assumption Agreement dated on or about the Upsize Closing Date);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Intrastate Natural Gas Transportation Service Agreement, dated as of November 1, 2025, by and between Oasis Pipeline, LP and the Borrower (as assignee of VG Gas Marketing LLC pursuant to that certain Assignment and Assumption Agreement dated on or about the Upsize Closing Date); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)Credit Agreement, dated as of November 1, 2025, by and between Oasis Pipeline, LP and the Borrower (as assignee of VG Gas Marketing LLC pursuant to that certain Assignment and Assumption Agreement dated on or about the Upsize Closing Date).

"*Government Rule*" means any statute, law, regulation, ordinance, rule, judgment, order, decree, directive, requirement of, or other governmental restriction or any similar binding form of decision of or determination by, or any interpretation or administration of any of the foregoing by, any Governmental Authority, including all common law, which is applicable to any Person, whether now or hereafter in effect.

"*Governmental Authorities*" means all supra-national, federal, state and local authorities or bodies including in each case any and all agencies, branches, departments and administrative and other subdivisions thereof, and all officials, agents and representatives of each of the foregoing, and "*Governmental Authority*" shall have a corresponding meaning.

"*Guarantor Interests*" means the Equity Interests in the Guarantors.

"*Guarantors*" means, collectively or individually, as the context may require, the Pipeline Company and the Procurement Company, and any Subsidiary of the Borrower that accedes to the Common Security and Account Agreement from time to time as permitted under the Finance Documents then in effect as a Guarantor for the benefit of all Senior Creditors, pursuant to Section 11.15 (*Additional Guarantors*) of the Common Security and Account Agreement; *provided* that, CFCo shall not be required to become a Guarantor.

"*Hague Securities Convention*" means the Convention on the Law Applicable to Certain Rights in Respect of Securities Held with an Intermediary (concluded July 5, 2006), which became effective in the United States on April 1, 2017.

"*Hazardous Materials*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)petroleum or petroleum byproducts, flammable materials, explosives, radioactive materials, friable asbestos, urea formaldehyde foam insulation and polychlorinated biphenyls;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)any chemicals, other materials, substances or wastes that are now or hereafter become defined as or included in the definition of "hazardous substances," "hazardous wastes," "hazardous materials," "extremely hazardous wastes," "restricted hazardous wastes," "toxic substances,"

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"toxic pollutants," "contaminants," "pollutants" or words of similar import under any Environmental Law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)any other chemical, material, substance or waste that is now or hereafter regulated under or with respect to which liability may be imposed under Environmental Laws.

"*Hedge Coordinator Fee Letters*" means (a) the fee letter entered into between the Borrower, the Guarantors and JPMorgan Chase Bank, N.A. in respect of its services to be performed as hedge coordinator and (b) the fee letter entered into between the Borrower, the Guarantors, Wells Fargo Bank, N.A. and Barclays Bank PLC in respect of their services to be performed as hedge coordinators.

"*Hedging Bank*" means a Person that is a counterparty to a Permitted Hedging Instrument with the Borrower and that has entered into or that accedes to the Common Security and Account Agreement, and is as of the date of entry into or assignment or novation of any Permitted Hedging Instrument (or, with respect to any Anticipatory Hedge or assignment or novation thereof, as of the Initial Closing Date or as of the date of assignment or novation), any of the following: (a) any Senior Creditor, lead arranger or agent, as of the date of the Original Common Terms Agreement, the Upsize Closing Date or as of the date of entry into or assignment or novation of any Permitted Hedging Instrument, or (b) any Affiliate of any Person listed in the foregoing clause (a) of this definition.

"*Hedging Excess Amount*" has the meaning given in Section 12.22(c) *(Hedging Arrangements*) of the Common Terms Agreement.

"*Hedging Instruments*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Interest Rate Hedging Instruments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Gas Hedging Instruments; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)such other derivative transactions of a similar nature that any Obligor enters into to hedge risks of any commercial nature.

"*Hedging Termination Amount*" means any Permitted Hedging Liability due as a result of the termination of a Permitted Hedging Instrument and/or the termination of any transaction entered into thereunder.

"*Historical DSCR*" means, for each applicable measurement period, the ratio of (a) Cash Flow Available for Debt Service for such measurement period to (b) Debt Service for such measurement period (other than (i) pursuant to voluntary prepayments or mandatory prepayments, (ii) Senior Debt due at maturity, (iii) Working Capital Debt and (iv) Hedging Termination Amounts); *provided* that, in respect of any measurement period occurring prior to the first full year after the Project Phase 1 Completion Date or the Project Phase 2 Completion Date, in each case, each of clauses (a) and (b) shall be calculated on an annualized basis for such measurement periods.

"*Holder*" of a Senior Debt Obligation shall be determined by reference to the provisions of the relevant Senior Debt Instrument or Permitted Senior Debt Hedging Instrument, as applicable, setting forth who shall be deemed to be lenders, creditors, holders or owners of the debt obligation governed thereby.

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"*IFC Performance Standards*" means the Performance Standards on Environmental and Social Sustainability promulgated by the International Finance Corporation (January 1, 2012).

"*Illegality Event*" has the meaning given in Section 19.5(b) (*Mitigation Obligations; Replacement of Lenders*) of the Common Terms Agreement.

"*Impairment*" means, with respect to any Permit:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the rescission, revocation, staying, withdrawal, early termination, cancellation, repeal or invalidity thereof or otherwise ceasing to be in full force and effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the suspension or injunction thereof; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the inability to satisfy in a timely manner its stated conditions to effectiveness.

"*Impair*" and "*Impaired*" shall have a corresponding meaning.

"*In-Construction Sufficiency Condition*" means, as of any date of testing, (a) the funds available or reasonably expected to be available to the Obligors (including: (i) the remaining undrawn amount of the Facility Debt Commitments and/or the proceeds of any Replacement Debt to be deposited into the Construction Account, (ii) funds on deposit in the Construction Account (including any Equity Funding remaining on deposit in the Construction Account), the Contingency Reserve Account, the Pre-Completion Revenues Account, the Disbursement Accounts and the Permitted Finance Costs Reserve Account, (iii) the Minimum Assumed Commissioning Cargo Proceeds and (iv) the Assumed Post-COD P1 SPA Profits (which shall be applied first to the Project Phase 2 Development) are equal to or exceed (b) (x) prior to the Project Phase 1 Completion Date, the then-current remaining Project Costs for the Project to achieve the Project Phase 1 Completion Date on or prior to the Phase 1 LNG Facility Date Certain and the Project Phase 2 Completion Date on or prior to the Phase 2 LNG Facility Date Certain and (y) on and after the Project Phase 1 Completion Date and prior to the Project Phase 2 Completion Date, the then-current remaining Project Costs for the Project to achieve the Project Phase 2 Completion Date on or prior to the Phase 2 LNG Facility Date Certain (it being acknowledged that any funds on deposit in any Account and used to satisfy the In-Construction Sufficiency Condition of the Phase 1 Project Facilities and the Phase 2 LNG Facility shall be used solely in respect of the Phase 1 Project Facilities and the Phase 2 LNG Facility).

"*Indebtedness*" of any Person, at any date, means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)all obligations to repay borrowed money;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)all obligations to pay money evidenced by bonds, debentures, notes, banker's acceptances, loan agreements or other similar instruments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)all obligations to pay the deferred purchase price of property or services (excluding current accounts payable incurred in the ordinary course of business);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)all capital lease obligations of such Person;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)all obligations, contingent or otherwise, issued for the account of such Person, in respect of letters of credit, bank guarantees, surety bonds, letters of guarantee and similar instruments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)all obligations of such Person under any Hedging Instruments (including any Hedging Termination Amounts);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)all guarantees by such Person of Indebtedness of others;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)any obligations of such Person to purchase or repurchase securities or other property which arises out of or in connection with the sale of the same or substantially similar securities or property;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)all obligations under conditional sale or other title retention agreements related to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of property or are otherwise limited in recourse);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)all obligations to purchase, redeem, retire, defease or otherwise make any payment in respect of any Equity Interests of such Person or any other Person or any warrants, rights or options to acquire such equity interests, which in the case of redeemable preferred interests, being valued at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)all Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person's ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor.

"*Indemnified Taxes*" means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of an Obligor under or in connection with any Finance Document (other than any Indenture or Senior Notes) and (b) to the extent not otherwise described in clause (a) of this definition, Other Taxes.

"*Indenture*" means any indenture to be entered into between the Borrower and the Indenture Trustee pursuant to which one or more series of Senior Notes will be issued, or, at the Borrower's option, a facility agreement for a "term loan B" financing, pursuant to which Senior Debt will be incurred. No reference in any Finance Document to an Indenture or the Senior Notes or a "term loan B" shall mean or imply that entry into an Indenture or issuance of the Senior Notes or entry into a "term loan B" is required. For the avoidance of doubt, if at any time Senior Notes have not been issued or are not outstanding and there is no "term loan B", any reference to satisfaction of the requirements of any Indenture or Senior Notes or the "term loan B" (and any reference to an Indenture Trustee) shall be ignored.

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"*Indenture Declared Default*" means an Indenture Event of Default which is declared by the Indenture Trustee (acting on behalf of the Senior Noteholders in accordance with such Indenture) to be an event of default under an Indenture or is otherwise deemed to have been declared to be an event of default in accordance with the terms of the Indenture.

"*Indenture Event of Default*" means any of the events of default set out in an Indenture and defined as "Indenture Events of Default."

"*Indenture Projected Fixed DSCR*" has the meaning given in the applicable Indenture.

"*Indenture Trustee*" means any trustee appointed in the role of indenture trustee under any Indenture or, with respect to a "term loan B" financing that the Borrower has elected to be treated as an Indenture, any administrative or other facility agent.

"*Independent Accountants*" means any independent firm of accountants of recognized standing in the relevant jurisdiction.

"*Independent Engineer*" means Lummus Consultants International LLC or any replacement independent engineering consulting firm selected in accordance with Section 13.2 (*Replacement and Fees*) of the Common Terms Agreement.

"*Index Swap*" means a contract which entitles the buyer of the contract to pay one index price (*e.g.* First of Month Index) and entitles the seller to pay a different index price (*e.g.* the daily average). The index swap is settled financially via exchange of cash payment at the expiration of the underlying Futures Contract.

"*Individual Senior Noteholder Secured Accounts*" has the meaning given in Section 3.2(c) (Security Interests to be Granted by the Obligors – Security Interests – Individual Senior Noteholder Secured Accounts) of the Common Security and Account Agreement.

"*Industry Standards*" means the technical standards promulgated by the American Petroleum Institute, the American Gas Association, the American Society of Mechanical Engineers, the ASTM (formerly the American Society for Testing and Materials), or the National Fire Protection Association (NFPA).

"*Initial Advance*" means the first Advance of the Term Loans on the Initial Closing Date following the satisfaction or waiver of the conditions precedent in Sections 4.1 (*Conditions to Initial Closing Date and Initial Advance*) and 4.3 (*Conditions to Each Term Loan Advance*) of the Common Terms Agreement in accordance with Section 4.5 (*Satisfaction of Conditions*) of the Common Terms Agreement.

"*Initial Closing*" means the satisfaction or waiver of all the conditions precedent set forth in Section 4.1 (*Conditions to Initial Closing Date and Initial Advance*) and Section 4.3 (*Conditions to Each Term Loan Advance)* of the Common Terms Agreement, with respect to the Initial Senior Debt.

"*Initial Closing Conditions Certificate*" has the meaning given in Section 4.5(a)(i) (*Satisfaction of Conditions*) of the Common Terms Agreement.

"*Initial Closing Date*" means the date on which the conditions precedent set forth in Section 4.1 (*Conditions to Initial Closing Date and Initial Advance)* and Section 4.3

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(*Conditions to Each Term Loan Advance)* of the Common Terms Agreement have been satisfied or waived. For the avoidance of doubt, the Initial Closing Date is July 28, 2025.

"*Initial Closing Notice*" has the meaning given in Section 4.5(a)(i) (*Satisfaction of Conditions*) of the Common Terms Agreement.

"*Initial Commitment Letter*" means that certain Commitment Letter, dated as of July 24, 2025, by and among, the Obligors and the Banks (as defined therein) party thereto.

"*Initial LNG SPA Guarantees*" means, collectively, the Phase 1 Initial LNG SPA Guarantees and the Phase 2 Initial LNG SPA Guarantees.

"*Initial LNG SPAs*" means, collectively, the Phase 1 Initial LNG SPAs and the Phase 2 Initial LNG SPAs.

"*Initial Permitted Senior Debt Hedging Instrument*" means each Permitted Senior Debt Hedging Instrument identified as such in Schedule C (*List of Senior Creditors, Senior Creditor Group Representatives, Senior Debt Commitments / Obligations, Senior Debt Instruments / Permitted Senior Debt Hedging Instruments, Addresses for Notice and Facility Lenders Facility Office*) to the Common Security and Account Agreement as of the Upsize Closing Date.

"*Initial Senior Debt*" means the Senior Debt Obligations committed or owing under the Credit Facility Agreement as of the Initial Closing Date.

"*Initial Tranche 1 Term Loan Amount*" means $11,250,000,000.

"*Initiating Percentage*" means Senior Creditor Group Representatives representing the following percentages of the principal amount of Senior Debt Obligations outstanding during the following periods (or, if no Senior Debt is outstanding, commitments in respect thereof):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)with respect to any Payment Default:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)at least 66.7% prior to 30 days following the occurrence of a Payment Default or the declaration thereof, as the case may be;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)greater than 50% on or after 30 days and prior to 120 days following the occurrence of a Payment Default or the declaration thereof, as the case may be; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the lesser of $200 million or 5% of the outstanding Senior Debt held by any individual Senior Creditor Group, on or after 120 days following the occurrence of a Loan Facility Event of Default or an Indenture Event of Default (as applicable) or the declaration thereof, as the case may be; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)with respect to any other Event of Default:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)at least 66.7% on or prior to 30 days following the occurrence of a Loan Facility Event of Default or an Indenture Event of Default (as applicable) or the declaration thereof, as the case may be;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)greater than 50% on or after 30 days and prior to 180 days following the occurrence of a Loan Facility Event of Default or an Indenture Event of Default (as applicable) or the declaration thereof, as the case may be; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the lesser of $200 million or 5% of the outstanding Senior Debt held by any individual Senior Creditor Group, on or after 180 days following the occurrence of a Loan Facility Event of Default or an Indenture Event of Default (as applicable) or the declaration thereof, as the case may be.

"*Inpex*" means Inpex Energy Trading Singapore Pte. Ltd.

"*Insurance*" means (a) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (b) any key man life insurance policies.

"*Insurance Advisor*" means Moore-McNeil, LLC or any independent replacement insurance consulting firm to be selected in accordance with Section 13.2 (*Replacement and Fees*) of the Common Terms Agreement.

"*Insurance/Condemnation Proceeds Account*" is the account described in Section 4.3(a)(x) (*Accounts*) of the Common Security and Account Agreement.

"*Insurance Proceeds*" means all proceeds of any insurance policies required pursuant to the Schedule of Minimum Insurance or otherwise obtained with respect to the Development that are paid or payable to or for the account of the Obligors as loss payee (other than Business Interruption Insurance Proceeds and proceeds of insurance policies relating to third party liability).

"*Intellectual Property*" means the collective reference to all rights, priorities and privileges relating to intellectual property, whether arising under the United States, multinational or foreign laws or otherwise, including Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks, Trademark Licenses, Trade Secrets, and Trade Secret Licenses, and all rights to sue or otherwise recover for any past, present and future infringement, dilution, misappropriation, or other violation or impairment thereof, including the right to receive all proceeds therefrom, including license fees, royalties, income, payments, claims, damages and proceeds of suit, now or hereafter due and/or payable with respect thereto.

"*Intercreditor Agency Fee Letter*" means the fee letter dated as of the Initial Closing Date entered into between the Borrower, the Guarantors and the Intercreditor Agent in respect of the fees payable to the Intercreditor Agent in respect of its services to be performed as more fully described in the Common Security and Account Agreement and the other Security Documents.

"*Intercreditor Agent*" means the intercreditor agent appointed pursuant to the Intercreditor Agreement.

"*Intercreditor Agreement*" means the Amended and Restated Intercreditor Agreement, dated as of the Upsize Closing Date, among the Intercreditor Agent, the Collateral Agent and the Facility Agents and Hedging Banks party thereto from time to time, setting forth the appointment of the Intercreditor Agent and setting forth voting and certain intercreditor arrangements among all Facility Lenders and Hedging Banks.

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"*Interest Rate Hedging Instrument*" means interest rate swaps, option contracts, futures contracts, options on futures contracts, caps, floors, collars or any other similar arrangements entered into by the Borrower related to interest rates.

"*International LNG Terminal Standards*" means, to the extent not inconsistent with the express requirements of the Common Terms Agreement, the international standards and practices applicable to the design, construction, equipment, operation or maintenance of LNG receiving, exporting, liquefaction and regasification terminals, established by the following (such standards to apply in the following order of priority): (a) a Governmental Authority having jurisdiction over any Obligor, (b) the Society of International Gas Tanker and Terminal Operators ("*SIGTTO*") (or any successor body of the same) and (c) any other internationally recognized non-governmental agency or organization with whose standards and practices it is customary for reasonable and prudent operators of LNG receiving, exporting, liquefaction and regasification terminals to comply. In the event of a conflict between any of the priorities noted above, the priority with the alphabetical priority noted above shall prevail.

"*International LNG Vessel Standards*" means, to the extent not inconsistent with the express requirements of the Common Terms Agreement, the international standards and practices applicable to the ownership, design, equipment, operation or maintenance of LNG vessels established by: (a) the International Maritime Organization, (b) the Oil Companies International Marine Forum, (c) SIGTTO (or any successor body of the same), (d) the International Navigation Association, (e) the International Association of Classification Societies, and (f) any other internationally recognized agency or nongovernmental organization with whose standards and practices it is customary for reasonable and prudent operators of LNG vessels to comply. In the event of a conflict between any of the priorities noted above, the priority with the alphabetical priority noted above shall prevail.

"*Investment Company Act*" means the United States Investment Company Act of 1940.

"*Investments*" means as to any Person, any direct or indirect investment by such Person, including by means of (a) the purchase or other acquisition of Equity Interests or debt or other securities of another Person, (b) a loan, advance (other than advances to employees for moving, entertainment and travel expenses, drawing accounts and similar expenditures in the ordinary course of business) or capital contribution to, guarantee or assumption of Indebtedness of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person or (c) the purchase or other acquisition (in one transaction or a series of transactions) of all or substantially all of the property and assets or business of another Person or assets constituting a business unit, line of business or division of such Person.

"*Investment Grade*" means two long-term unsecured credit ratings that are equal to or better than (a) Baa3 by Moody's, (b) BBB**-** by S&P, (c) BBB**-** by Fitch, or (d) any comparable credit ratings by any other nationally recognized statistical rating organizations.

"*Investment Grade LNG Buyer*" means an LNG Buyer that (a) is Investment Grade, (b) has its obligations guaranteed by an Investment Grade entity or (c) for the purposes of LNG SPAs in Section 8.1(a) (*LNG SPA Maintenance*), Section 8.2(a)(i) (*LNG SPA Mandatory Prepayment*) or Section 11.1 (*Conditions to Restricted Payments*) of the

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Common Terms Agreement, has all of its obligations under the applicable LNG SPA supported by a letter of credit issued by an Acceptable Bank.

"*Issuance Request Form*" means a Disbursement Request for issuance of letter(s) of credit, substantially in the form set forth in Schedule B-3 (*Issuance Request Form (Letters of Credit)*) to the Common Terms Agreement (or equivalent under another Senior Debt Instrument), given by the Borrower in accordance with the terms of the applicable Facility Agreement.

"*Issuing Banks*" has the meaning given to it in Exhibit A (*Definitions*) to the Credit Facility Agreement.

"*JERA*" means JERA Co., Inc.

"*Judgment Currency*" has the meaning given in Section 12.3 (*Judgment Currency*) of the Common Security and Account Agreement.

"*Knowledge*" means, with respect to any of the Obligors, the actual or constructive knowledge of any Person holding any of the positions (or successor position to any such position) set forth in Schedule T (*Knowledge Parties*) to the Common Terms Agreement; *provided* that, each such Person shall be deemed to have knowledge of all events, conditions and circumstances described in any notice delivered to the Borrower pursuant to the terms of the Common Terms Agreement or any other Finance Document. "*Knowingly*" shall have a corresponding meaning.

"*LC Costs*" means (a) fees, expenses and interest associated with Working Capital Debt and (b) any reimbursement by an Obligor of amounts paid under a letter of credit that is Working Capital Debt for expenditures that if paid by such Obligor directly would have constituted Operation and Maintenance Expenses.

"*LC Reimbursement Payment*" has the meaning assigned to such term in the Credit Facility Agreement.

"*Leases*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)that certain Ground Lease Agreement by and between JADP Venture, LLC and the Borrower, dated as of December 12, 2023, as evidenced by that certain Notice of Ground Lease Agreement by and between JADP Venture, LLC and the Borrower, dated as of December 12, 2023, and recorded December 13, 2023, as Conveyance Instrument No. 356552, as amended by that certain First Amendment to Notice of Ground Lease Agreement dated July 17, 2025, recorded July 21, 2025 as Conveyance Instrument No. 360631, all in the official records of Cameron Parish, Louisiana (PARCEL C-2);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)that certain Ground Lease Agreement by and between Henry Venture, LLC and the Borrower (as assignee of CP Marine Offloading LLC, pursuant to that certain Assignment of Ground Lease Agreement by and between CP Marine Offloading, LLC (as assignee of Venture Global Calcasieu Pass, LLC pursuant to that certain Assignment of Ground Lease Agreement by and between Venture Global Calcasieu Pass, LLC and CP Marine Offloading, LLC dated as of March 20, 2019, and recorded March 21, 2019, as Conveyance Instrument No. 345015) and the Borrower dated as of November 17, 2023, and recorded November 20, 2023, as

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Conveyance Instrument No. 356358) dated as of March 11, 2019, as evidenced by that certain Notice of Ground Lease with Right of First Refusal by and between Henry Venture, LLC and the Borrower (as assignee of CP Marine Offloading LLC, pursuant to that certain Assignment of Ground Lease Agreement by and between CP Marine Offloading, LLC (as assignee of Venture Global Calcasieu Pass, LLC pursuant to that certain Assignment of Ground Lease Agreement by and between Venture Global Calcasieu Pass, LLC and CP Marine Offloading, LLC dated as of March 20, 2019, and recorded March 21, 2019, as Conveyance Instrument No. 345015) and the Borrower dated as of November 17, 2023, and recorded November 20, 2023, as Conveyance Instrument No. 356358) dated as of March 11, 2019, and recorded March 18, 2019, as Conveyance Instrument No. 344981, which Notice of Ground Lease was amended by that certain First Amendment to Notice of Ground Lease Agreement with Right of First Refusal dated July 17, 2025, recorded July 21, 2025 as Conveyance Instrument No. 360630, all in the official records of Cameron Parish, Louisiana (PARCELS D, E, AND F2);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)that certain Servitude by Henry Venture, LLC, as lessor, to the Borrower, as lessee, dated as of December 18, 2023, and recorded December 21, 2023, as Conveyance Instrument No. 356623, as affected by that certain Act of Correction to Servitude by Henry Venture, LLC and the Borrower dated April 9, 2025 and recorded April 9, 2025 as Conveyance Instrument No. 359704, all in the official records of Cameron Parish, Louisiana (PARCELS I, K, AND A PORTION OF DAVIS ROAD ADJACENT THERETO);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)that certain Ground Lease Agreement by and between Wilma Davis Bride Family, LLC and the Borrower, dated as of October 12, 2023, as evidenced by that certain Notice of Ground Lease Agreement by and between Wilma Davis Bride Family, LLC and the Borrower, dated as of October 12, 2023, and recorded October 12, 2023, as Conveyance Instrument No. 356114, as amended by that certain First Amendment to Notice of Ground Lease Agreement dated July 11, 2025, recorded July 11, 2025, as Conveyance Instrument No. 360548, all in the official records of Cameron Parish, Louisiana (PARCEL O);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)that certain Ground Lease Agreement by and between Ardoin Henry, LLC and the Borrower, dated as of October 12, 2023, as evidenced by that certain Notice of Ground Lease Agreement by and between Ardoin Henry, LLC and the Borrower, dated as of October 12, 2023, and recorded October 12, 2023, as Conveyance Instrument No. 356115, as amended by that certain First Amendment to Notice of Ground Lease Agreement dated July 24, 2025, recorded July 24, 2025 as Conveyance Instrument No. 360675, all in the official records of Cameron Parish, Louisiana (PARCEL P);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)that certain Ground Lease Agreement by and between Miller Estate Leasing Company, LLC and the Borrower, dated as of October 12, 2023, as evidenced by that certain Notice of Ground Lease Agreement by and between Miller Estate Leasing Company, LLC and the Borrower, dated as of October 12, 2023, and recorded October 13, 2023, as Conveyance Instrument No. 356120, as amended by that certain First Amendment to Notice of Ground Lease Agreement dated July 21, 2025, recorded July 21,

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2025 as Conveyance Instrument No. 360639, all in the official records of Cameron Parish, Louisiana (PARCELS R AND T);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)that certain Ground Lease Agreement by and between Cameron Land Ventures, LLC and the Borrower, dated as of September 29, 2023, as evidenced by that certain Notice of Ground Lease Agreement by and between Cameron Land Ventures, LLC and the Borrower, dated as of September 29, 2023, and recorded September 28, 2023, as Conveyance Instrument No. 356011, as amended by that certain First Amendment to Notice of Ground Lease Agreement dated July 11, 2025, recorded July 11, 2025, as Conveyance Instrument No. 360549, all in the official records of Cameron Parish, Louisiana (PARCEL S);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)that certain Ground Lease Agreement by and among Charlotte Ann LaBove, Carlotta Ann Savoie, and the Borrower, dated as of October 12, 2023, as evidenced by that certain Notice of Ground Lease Agreement by and among Charlotte Ann LaBove, Carlotta Ann Savoie, and the Borrower, dated as of October 12, 2023, and recorded October 13, 2023, as Conveyance Instrument No. 356121 and File No. 356117, as amended by that certain First Amendment to Notice of Ground Lease Agreement dated July 17, 2025, recorded July 21, 2025 as Conveyance Instrument No. 360629, all in the official records of Cameron Parish, Louisiana (PARCELS U AND V);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)that certain Ground Lease Agreement by and between Cameron Parish Port, Harbor and Terminal District and the Borrower, dated as of October 24, 2023, as evidenced by that certain Notice of Ground Lease Agreement by and between Cameron Parish Port, Harbor and Terminal District and the Borrower, dated as of October 24, 2023, and recorded October 30, 2023, as Conveyance Instrument No. 356182, as effected by that certain Partial Assignment of Ground Lease Agreement dated as of July 7, 2025, and recorded July 8, 2025, as File No. 360524, as evidenced by that certain First Amendment to Notice of Ground Lease Agreement dated July 17, 2025, recorded July 21, 2025 as Conveyance Instrument No. 360632, all in the official records of Cameron Parish, Louisiana (PARCEL X);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)that certain Ground Lease Agreement by and between Wilma Davis Bride Family, LLC and the Borrower (as assignee pursuant to that certain Assignment of Ground Lease Agreement by and between Cameron Land Ventures, LLC and the Borrower dated as of April 8, 2025, and recorded April 9, 2025, as Conveyance Instrument No. 359694) dated as of October 30, 2023, as evidenced by that certain Notice of Ground Lease Agreement by and between Wilma Davis Bride Family, LLC and the Borrower (as assignee pursuant to that certain Assignment of Ground Lease Agreement by and between Cameron Land Ventures, LLC and the Borrower dated as of April 8, 2025, and recorded April 9, 2025, as Conveyance Instrument No. 359694) dated as of October 30, 2023, and recorded November 13, 2023, as Conveyance Instrument No. 356283, as amended by that certain First Amendment to Ground Lease Agreement dated June 6, 2025 as evidenced by that certain First Amendment to Notice of Ground Lease Agreement dated June 6, 2025, recorded June 6, 2025 as Conveyance Instrument No. 360239, as evidenced by that certain Second Amendment to Notice of Ground Lease Agreement dated July 11, 2025, recorded July

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11, 2025 as Conveyance Instrument No. 360550, all in the official records of Cameron Parish, Louisiana (PARCEL EE);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)that certain Ground Lease Agreement by and among Donald Maurice Drost, Daniel Kenneth Drost, William David Drost, and the Borrower (as assignee of Cameron Land Ventures, LLC, pursuant to that certain Assignment of Ground Lease Agreement by and between Cameron Land Ventures, LLC and the Borrower dated as of April 8, 2025, and recorded April 9, 2025, as Conveyance Instrument No. 359695) dated as of October 30, 2023, as evidenced by that certain Notice of Ground Lease Agreement by and among Donald Maurice Drost, Daniel Kenneth Drost, William David Drost, and the Borrower (as assignee of Cameron Land Ventures, LLC, pursuant to that certain Assignment of Ground Lease Agreement by and between Cameron Land Ventures, LLC and the Borrower dated as of April 8, 2025, and recorded April 9, 2025, as Conveyance Instrument No. 359695) dated as of October 30, 2023, and recorded November 13, 2023, as Conveyance Instrument No. 356284, as amended by that certain First Amendment to Ground Lease Agreement dated July 17, 2025 as evidenced by that certain First Amendment to Notice of Ground Lease Agreement dated July 17, 2025, recorded July 22, 2025 as Conveyance Instrument No. 360664, all in the official records of Cameron Parish, Louisiana (PARCEL GG);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)that certain Ground Lease Agreement by and between Dallas Clyde Pichnic, Jr. and the Borrower (as assignee of Cameron Land Ventures, LLC pursuant to that certain Assignment of Ground Lease Agreement by and between Cameron Land Ventures, LLC and the Borrower dated as of April 8, 2025, and recorded April 9, 2025, as Conveyance Instrument No. 359696) dated as of October 30, 2023, as evidenced by that certain Notice of Ground Lease Agreement by and between Dallas Clyde Pichnic, Jr. and the Borrower (as assignee of Cameron Land Ventures, LLC pursuant to that certain Assignment of Ground Lease Agreement by and between Cameron Land Ventures, LLC and the Borrower dated as of April 8, 2025, and recorded April 9, 2025, as Conveyance Instrument No. 359696) dated as of October 30, 2023, and recorded November 13, 2023, as Conveyance Instrument No. 356285, as amended by that certain First Amendment to Ground Lease Agreement dated July 21, 2025, as evidenced by that certain First Amendment to Notice of Ground Lease Agreement dated July 21, 2025, recorded July 21, 2025 as Conveyance Instrument No. 360640, all in the official records of Cameron Parish, Louisiana (PARCEL II); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)Ground Lease Agreement by and among Marjorie Pichnic Rorex, Tamara Lynn Rorex, Shane Wyatt Rorex, and the Borrower (as assignee of Cameron Land Ventures, LLC pursuant to that certain Assignment of Ground Lease Agreement by and between Cameron Land Ventures, LLC and the Borrower dated as of April 8, 2025, and recorded April 9, 2025, as Conveyance Instrument No. 359697) dated as of October 30, 2023, as evidenced by that certain Notice of Ground Lease Agreement by and among Marjorie Pichnic Rorex, Tamara Lynn Rorex, Shane Wyatt Rorex, and the Borrower (as assignee of Cameron Land Ventures, LLC pursuant to that certain Assignment of Ground Lease Agreement by and between Cameron Land Ventures, LLC and the Borrower dated as of April 8, 2025, and recorded April 9, 2025, as Conveyance Instrument No. 359697) dated as of October 30, 2023, and recorded November 13, 2023, as Conveyance

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Instrument No. 356286, as amended by that certain First Amendment to Ground Lease Agreement dated July 24, 2025 as evidenced by that certain First Amendment to Notice of Ground Lease Agreement dated July 24, 2025, recorded July 24, 2025 as Conveyance Instrument No. 360676, all in the official records of Cameron Parish, Louisiana. (PARCEL JJ).

"*Lenders*" has the meaning given in Section 23.20 (*No Fiduciary Duty*) of the Common Terms Agreement.

"*Lenders' Reliability Test*" means a 90-day test which demonstrates that the Phase 1 Project Facilities' and the Phase 2 LNG Facility's overall production during the applicable time periods can meet the applicable minimum cumulative LNG production volumes without exceeding a maximum amount of allowable downtime, in accordance with and as more specifically set forth in Schedule O-2 (*Lenders' Reliability Test Criteria*) to the Common Terms Agreement or as otherwise agreed among the Borrower, the Facility Lenders and the Independent Engineer.

"*Letters of Credit*" has the meaning given in the Credit Facility Agreement.

"*Lien*" means any mortgage, privilege, pledge, lien, charge, assignment, assignment by way of security, hypothecation or security interest securing any obligation of any Person, any restrictive covenant or condition, right reservation, right to occupy, encroachment, option, easement, servitude, right of way or other imperfection of title or encumbrance (including matters that would be shown on an accurate survey) burdening any real property or any other agreement or arrangement having the effect of conferring security howsoever arising.

"*Lien Waiver*" means any Lien waiver contemplated by any Material Project Agreement.

"*LNG*" means Gas in a liquid state at or below its boiling point at a pressure of approximately one atmosphere.

"*LNG Buyer*" means the buyer under the applicable LNG SPA.

"*LNG Facility*" means (a) the Phase 1 LNG Facility and the Phase 2 LNG Facility, (b) on and following the occurrence of Phase 3A FID, collectively, the Phase 1 LNG Facility, the Phase 2 LNG Facility and the Phase 3A LNG Facility, (c) on and following the occurrence of Phase 3B FID, collectively, the Phase 1 LNG Facility, the Phase 2 LNG Facility and the Phase 3B LNG Facility, and (d) on and following the Permitted Internal Expansion FID Conditions Satisfaction Date for any Permitted Internal Expansion, collectively, the Phase 1 LNG Facility, Phase 2 LNG Facility and any LNG facilities constituting such Permitted Internal Expansion, in each case as such facilities may be repaired and replaced from time to time or modified, changed or expanded as permitted in the Finance Documents.

"*LNG Facility Site*" means the portion of the Site on which the LNG Facility is situated, as more fully described in the applicable Real Property Documents.

"*LNG SPA*" means any of (a) the Phase 1 Initial LNG SPAs, (b) the Phase 2 Initial LNG SPAs and (c) any other LNG sale and purchase agreement that is executed by (x) third parties and (y) (i) the Borrower or (ii) one or more affiliates of the Borrower (and in the case of this clause (ii), solely with respect to any such LNG sale and purchase

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agreement which will constitute a Required LNG SPA, is subject to a conditional assignment, conditional payment support agreement and Direct Agreement, in each case, consistent with the Phase 2 Initial LNG SPAs described in clauses (b) through (d) of the definition thereof).

"*LNG SPA Force Majeure*" means "Force Majeure" as defined in each Phase 1 Initial LNG SPA (except the Phase 1 Excess Capacity LNG SPA) and each Phase 2 Initial LNG SPA (except the Phase 2 Excess Capacity LNG SPA).

"*LNG SPA Mandatory Prepayment*" has the meaning given in Section 8.2(a) (*LNG SPA Mandatory Prepayment*) of the Common Terms Agreement.

"*LNG SPA Prepayment Event*" has the meaning given in Section 8.2(a) (*LNG SPA Mandatory Prepayment*) of the Common Terms Agreement.

"*Loan Facility Declared Default*" means a Loan Facility Event of Default that is declared to be a default in accordance with Section 15.2 (*Declaration of Loan Facility Declared Default*) of the Common Terms Agreement.

"*Loan Facility Disbursement Accounts*" are the Accounts described in Section 4.3(a)(i) (*Accounts*) of the Common Security and Account Agreement.

"*Loan Facility Event of Default*" means any of the events set forth in Section 15.1 (*Loan Facility Events of Default*) of the Common Terms Agreement or any Obligor events of default under any Facility Agreement.

"*Loans*" means the Senior Debt Obligations created under individual Facility Agreements to be made available by the Facility Lenders.

"*Local Accounts*" has the meaning set forth in Section 4.12(a) (*Local Accounts*) of the Common Security and Account Agreement.

"*Louisiana Private Works Act*" is the Louisiana Private Works Act, La. R.S. §§ 9:4801 *et seq.*, and any successor provisions thereto.

"*LTS 2023 Purchase Order*" means that certain Purchase Order Contract for the Sale of Liquefaction Train System, dated as of April 7, 2023, by and between the Borrower and BHES, as amended by Change Order No. 1, dated as of August 8, 2024, Change Order No. 2, dated as of November 15, 2024 and Change Order No. 3, dated as of August 22, 2025, in each case by and between the Borrower and BHES, and as supplemented by Pre-Limited Notice to Proceed Under the Purchase Order Contract for the Sale of Liquefaction Train System, effective as of April 7, 2023, Limited Notice to Proceed Under the Purchase Order Contract for the Sale of Liquefaction Train System, dated as of June 29, 2023 and Full Notice to Proceed Under the Purchase Order Contract for the Sale of Liquefaction Train System, dated as of September 27, 2023.

"*LTS 2024 Purchase Order*" means that certain Purchase Order Contract for the Sale of Liquefaction Train System, dated as of December 13, 2024, by and between BHES and the Borrower, as amended by Amendment No. 01 to Purchase Order Contract for the Sale of Liquefaction Train System, dated as of February 27, 2026, and as supplemented by the Full Notice to Proceed, dated as of December 13, 2024.

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"*Majority in Interest of the Senior Creditors*" with respect to any Decision at any time means Senior Creditors:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)whose share in the outstanding principal amount of the Senior Debt Obligations and whose undrawn Senior Debt Commitments are more than 50% of all of the outstanding principal amount of the Senior Debt Obligations and all the undrawn Senior Debt Commitments of all the Senior Creditors; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)if there is no principal amount of Senior Debt Obligations then outstanding, Senior Creditors whose Senior Debt Commitments are more than 50% of the aggregate Senior Debt Commitments of all Senior Creditors.

"*Manager*" means Venture Global Services, LLC.

"*Mandatory Prepayment Senior Notes Account*" has the meaning given in Section 4.3(a)(xi) (*Accounts*) of the Common Security and Account Agreement.

"*Margin Stock*" means margin stock as defined in Regulation U of the Federal Reserve Board.

"*Marine Terminal Works Construction Agreement*" means that certain Construction Agreement relating to a Marine Terminal Works, dated as of June 6, 2025, by and between the Borrower and Cajun, as supplemented by Anticipated Limited Notice to Proceed, dated as of June 11, 2025, and Notice to Proceed, dated as of July 8, 2025.

"*Market Consultant*" means each of S&P Global Commodity Insights and, solely in connection with the Phase 1 LNG Facility, Fiveways Consulting Services Ltd., or any independent replacement marketing consulting firm to be selected in accordance with Section 13.2 (*Replacement and Fees*) of the Common Terms Agreement.

"*Market Terms*" means terms consistent with or not materially less favorable to the applicable Obligor (as seller or buyer, as the case may be) than:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)in the case of an LNG SPA, (i) any Required LNG SPAs then in effect or (ii) the terms a non-Affiliated seller or buyer, as the case may be, of the relevant product could receive in an arm's-length transaction based on then-current market conditions for transactions of a similar nature and duration and taking into account such factors as the characteristics of the goods and services, the market for such goods and services (including any applicable regulatory conditions), tax effects of the transaction, the location of the Project Facilities and the counterparties; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)in any other case, terms consistent with or more favorable to such Person (as seller or buyer, as the case may be) than the terms a non-Affiliated seller or buyer, as the case may be, of the relevant product could receive in an arm's-length transaction based on then-current market conditions for transactions of a similar nature and duration and taking into account such factors as the characteristics of the goods and services, the market for such goods and services (including any applicable regulatory conditions), tax effects of the transaction, the location of the Project Facilities and the counterparties.

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"*Material Adverse Effect*" means a material adverse effect on:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)each Obligor's ability to perform and comply with its material obligations under each Material Project Agreement then in effect and to which it is a party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Obligors' ability, taken as a whole, to perform their material obligations under the Finance Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Borrower's ability to pay its Senior Debt Obligations when due;.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)the Obligors' financial condition and results of operation, on a consolidated basis.

"*Material Construction Contracts*" means the Phase 1 Material Construction Contracts and the Phase 2 Material Construction Contracts.

"*Material Project Agreements*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)(x) the Phase 1 Material Project Agreements and (y) the Phase 2 Material Project Agreements; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)any Subsequent Material Project Agreement,

*provided* that, any Material Project Agreement shall cease to be a Material Project Agreement when all material obligations thereunder have been performed and paid in full.

With respect to any Indenture, "*Material Project Agreements*" will have the meaning given in such Indenture.

"*Material Project Counterparties*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)(x) the Phase 1 Material Project Counterparties and (y) the Phase 2 Material Project Counterparties; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)any counterparty to any Subsequent Material Project Agreement,

*provided* that, any Material Project Counterparty shall cease to be a Material Project Counterparty when all material obligations under the applicable Material Project Agreement have been performed and paid in full.

"*Maturity Date*" means July 28, 2032. 

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"*Minimum Assumed Commissioning Cargo Proceeds*" means, as of any date of calculation, the sum of (a) the Contracted Commissioning Cargo Proceeds *plus* (b) the projected Pre-Completion Revenues assuming the remaining Conservative Case Commissioning Cargoes as of such date (for the avoidance of doubt, without duplicating or otherwise giving effect to any cargoes counted under clause (a)) produced by the Phase 1 LNG Facility and sold prior to Project Phase 1 Completion Date or produced by the Phase 2 LNG Facility and sold prior to Project Phase 2 Completion Date, in each case, at an assumed fixed liquefaction fee of $[\*\*\*] per MMBtu.

"*Minimum Insurance*" means the insurance described in the Schedule of Minimum Insurance and required to be procured and maintained pursuant to Section 12.28 (*Insurance Covenant*) of the Common Terms Agreement.

"*MMBtu*" means 1,000,000 Btus.

"*Modification*" means, with respect to any Finance Document, any amendment, supplement, waiver or other modification of the terms and provisions thereof and the term "*Modify*" shall have a corresponding meaning; *provided* that, with respect to Sections 7.2(b)(ii)(A), (B) and (C) (*Modification Approval Levels – Modifications to Other Finance Documents*) of the Common Security and Account Agreement, the exercise of any option, right or entitlement expressly set forth in the provisos to each such clause shall not be a Modification.

"*Moody's*" means Moody's Investors Service, Inc. or any successor thereto.

"*Mortgage*" means the Multiple Indebtedness Mortgage, Pledge of Leases and Rents and Security Agreement, from the Borrower to Venture Global LNG, Inc., dated as of December 8, 2023 and with an effective date of December 28, 2023, and filed for record in Cameron Parish, Louisiana on December 29, 2023, as Instrument No. 356644, as amended by the Confirmation of and First Amendment to Multiple Indebtedness Mortgage, Pledge of Leases and Rents and Security Agreement, with an effective date of April 9, 2025, and filed for record in Cameron Parish, Louisiana on April 10, 2025, as Instrument No. 359710, as amended by the Confirmation of and Second Amendment to Multiple Indebtedness Mortgage, Pledge of Leases and Rents and Security Agreement, dated and effective as of June 6, 2025, and filed for record in Cameron Parish, Louisiana on June 6, 2025, as Instrument No. 360242, as assigned on the Initial Closing Date to the Collateral Agent pursuant to that certain Assignment of Multiple Indebtedness Mortgage, Pledge of Leases and Rents and Security Agreement between Venture Global LNG, Inc. and the Collateral Agent in connection with that certain Assignment of Intercompany Loan Agreement among Venture Global LNG, Inc., the Borrower, the Guarantors and the Credit Facility Agent, as confirmed by that certain Confirmation of and Third Amendment to Multiple Indebtedness Mortgage, Pledge of Leases and Rents and Security Agreement by the Borrower in favor of the Collateral Agent, and as confirmed by that certain Fourth Confirmation of Multiple

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Indebtedness Mortgage, Pledge of Leases and Rents and Security Agreement by the Borrower in favor of the Collateral Agent.

"*Mortgaged Property*" has the meaning given in Section 4.1(t)(i) (*Conditions to Initial Closing Date and Initial Advance – Flood Insurance*) of the Common Terms Agreement.

"*MTPA*" means million metric tonnes per annum.

"*Multiemployer Plan*" means a "multiemployer plan" as defined in Section 3(37) of ERISA to which contributions have been made by any Obligor or any ERISA Affiliate in the past five years and which is covered by Title IV of ERISA.

"*Natural Gas Act*" means the Natural Gas Act of 1938, 15 U.S.C. §717 *et seq.*, as amended, and the regulations of FERC or DOE (as applicable) promulgated thereunder.

"*Net Cash Proceeds*" means in connection with any asset disposition, the aggregate cash proceeds received by any Obligor in respect of any asset disposition (including any cash received upon the sale or other disposition of any non-cash consideration received in any asset disposition), net of the direct costs and expenses relating to such asset disposition and payments made to retire Indebtedness (other than the Senior Debt Obligations) required to be repaid in connection therewith, including legal, accounting and investment banking fees, and sales commissions, and any relocation expenses incurred as a result of such asset disposition, taxes paid or payable as a result of such asset disposition, in each case, after taking into account any available tax credits or deductions and amounts reserved for adjustment in respect of the sale price of such asset or assets established in accordance with GAAP.

"*New Facility Agent Accession Agreement (Additional Senior Debt)*" has the meaning given in Section 19.4(b)(i) (*Accession in the Event of Additional Senior Debt Incurred Under the Common Terms Agreement*) of the Common Terms Agreement.

"*NFE*" means NFE North Trading, LLC.

"*Non-Consenting Lender*", with respect to a Facility Agreement, has the meaning given in such Facility Agreement.

"*Non-Controlling Claimholders*" means Senior Creditor Group Representatives who were not included in the Majority in Interest of the Senior Creditors who make up the Controlling Claimholders.

"*Non-FTA Authorization*" means the Final Order Granting Long-Term Authorization to Export LNG to Non-Free Trade Agreement Nations issued by DOE/FECM in Docket No. 21-131-LNG in its Order No. 5264-A on October 21, 2025, as it may be amended or modified in the future. 

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"*Non-Recourse Parties*" has the meaning given in Section 23.22 (*Limited Recourse*) of the Common Terms Agreement.

"*Non-Recourse Persons*" has the meaning given in Section 10.3(a) (*Limitation on Recourse*) of the Common Security and Account Agreement.

"*Notice of Security Enforcement Action*" has the meaning given in Section 6.2(f) (*Initiation of Security Enforcement Action – Notice of Security Enforcement Action*) of the Common Security and Account Agreement.

"*NRU EPF Agreement (Phase 1)*" means that certain Engineering, Procurement, and Fabrication Agreement (Phase 1), dated as of September 29, 2023, by and between the Borrower and Linde Engineering North America LLC, as amended by Change Order No. 1, dated as of March 8, 2024, Change Order No. 2, dated as of August 1, 2024, Change Order No. 3, dated as of May 29, 2025, and Amendment No. 01, dated as of February 20, 2026, and as supplemented by Notice to Proceed dated as of October 3, 2023.

*"NRU EPF Agreement (Phase 2)*" means that certain Engineering, Procurement, and Fabrication Agreement (Phase 2), dated as of December 20, 2024, by and between the Borrower and Linde Engineering North America LLC, as amended by Change Order No. 1, dated as of June 17, 2025, Change Order No. 2, dated as of February 23, 2026 and Amendment No. 1, dated as of February 20, 2026, and as supplemented by Notice to Proceed dated as of December 20, 2024.

"*NYMEX*" means the New York Mercantile Exchange, Inc., a wholly owned subsidiary of the CME Group Inc.

"*NYMEX Natural Gas Futures Contract*" means the Futures Contract for natural gas on NYMEX, which is used for the physical receipt and/or delivery of gas at the Henry Hub located in Erath, Louisiana.

"*O&M Agreement*" means (a) the agreement between the Borrower and the Operator for the relevant Project Facilities and (b) the agreement between the Pipeline Company and the Pipeline Operator for the relevant Project Facilities.

"*Obligors*" means the Borrower and the Guarantors.

"*OFAC*" means the Office of Foreign Assets Control of the US Department of the Treasury.

"*OFAC Laws*" means any laws, regulations, and executive orders relating to the economic sanctions programs administered by OFAC, including the International Emergency Economic Powers Act, 50 U.S.C. sections 1701 et seq.; the Trading with the Enemy Act, 50 App. U.S.C. sections 1 et seq.; and the Office of Foreign Assets

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Control, Department of the Treasury Regulations, 31 C.F.R. Parts 500 et seq. (implementing the economic sanctions programs administered by OFAC).

"*OFAC SDN List*" means the list of "Specially Designated Nationals and Blocked Persons" maintained by OFAC.

"*OID*" has the meaning given in Section 6.2(a) (*Working Capital Debt*).

"*Operating Account*" is the Account described in Section 4.3(a)(vii) (*Accounts*) of the Common Security and Account Agreement.

"*Operating Budget*" has the meaning given in Section 10.5(a) (*Operating Budget*) of the Common Terms Agreement, it being acknowledged and understood that the "Operating Budget" will be comprised of a budget in respect of the Phase 1 LNG Facility, a budget in respect of the CP Express Pipeline and a budget in respect of the Phase 2 LNG Facility and that all references in the Finance Documents to the "Operating Budget" shall be to such budgets collectively or to the budget applicable to the Project Facilities that are the subject of the applicable provision, as the context may require.

"*Operating Manual*" means the operation, maintenance and spare parts manuals delivered by the Phase 1 EPC Contractor under the Phase 1 EPC Contract and the Phase 2 EPC Contractor under the Phase 2 EPC Contract.

"*Operation and Maintenance Expenses*" means, for any period, computed without duplication, in each case, costs and expenses of the Obligors that are contemplated by the then-effective Operating Budget including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)fees and costs of the Manager pursuant to the Administrative Services Agreements; *plus*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)amounts payable by the Obligors under a Material Project Agreement then in effect; *plus*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)expenses for operating the Development and maintaining it in good repair and operating condition payable during such period, including the ordinary course fees and costs of the Operator and the Pipeline Operator payable pursuant to the O&M Agreements; *plus*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)LC Costs; *plus*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)insurance costs payable during such period; *plus*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)applicable sales and excise taxes (if any) payable or reimbursable by the Obligors during such period; *plus*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)franchise taxes payable by the Obligors during such period; *plus*

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)property taxes payable by the Obligors during such period; *plus*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)any other direct taxes (if any) payable by the Obligors to the taxing authority (other than any taxes imposed on or measured by income or receipts) during such period; *plus*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)costs and fees attendant to the obtaining and maintaining in effect the Permits payable during such period; *plus*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)expenses for spares and other capital goods inventory, capital expenses related to the construction and start-up of the Project Facilities, maintenance capital expenditures, including those required to maintain the Project Facilities' capacity; *plus*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)legal, accounting and other professional fees of the Obligors payable during such period; *plus*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)Required Capital Expenditures; *plus*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)the cost of purchase, storage and transportation of Gas and electricity; *plus*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)all other cash expenses payable by the Obligors in the ordinary course of business.

Operation and Maintenance Expenses shall exclude, to the extent included above: (i) transfers from any Account into any other Account (other than the Operating Account) during such period, (ii) payments of any kind with respect to Restricted Payments during such period, (iii) depreciation for such period, and (iv) except as provided in clauses (j), (k) and (m) above, any capital expenditure.

To the extent amounts are advanced in accordance with the terms of the applicable Senior Debt Instrument, secured Permitted Hedging Instrument or other Indebtedness permitted under Section 12.14 (*Limitation on Indebtedness*) of the Common Terms Agreement for the payment of such Operation and Maintenance Expenses, the obligation to repay such advances shall itself constitute an Operation and Maintenance Expense.

"*Operational*" means (a) with respect to the Phase 1 Project Facilities, that the CP Express Pipeline and all thirteen of the blocks relating to the Phase 1 LNG Facility are mechanically complete, have passed the applicable acceptance tests and are operating in accordance with their performance guarantees, in each case, as set forth in the Phase 1 Material Construction Contracts, and (b) with respect to the Phase 2 LNG Facility, that all five of the blocks relating to the Phase 2 LNG Facility are mechanically complete, have passed the applicable acceptance tests and are operating in accordance with their performance guarantees, in each case, as set forth in the Phase 2 Material Construction Contracts.

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"*Operator*" means CP2 LNG Operations, LLC, a limited liability company organized under the laws of the State of Delaware.

"*Original Common Security and Account Agreement*" means the Common Security and Account Agreement, dated as of the Initial Closing Date, among the Borrower, the Guarantors, each Senior Creditor Group Representative on its own behalf and on behalf of the relevant Senior Creditor Group, the Intercreditor Agent, the Collateral Agent and the Account Bank.

"*Original Common Terms Agreement*" means Common Terms Agreement, dated as of the Initial Closing Date, among the Borrower, the Guarantors, the Credit Facility Agent and each other Facility Agent on behalf of its respective Facility Lenders, and the Intercreditor Agent providing common representations, warranties, undertakings and events of default.

"*Original Credit Facility Agreement*" means the Credit Facility Agreement, dated as of the Initial Closing Date, by and among the Borrower, the Guarantors, the Credit Facility Lender Parties party thereto from time to time, the Credit Facility Agent and, solely for purposes of Section 3.06 thereof, the Collateral Agent.

"*Original Finance Documents*" means, together, each of the following documents:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Original Common Terms Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Original Common Security and Account Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Original Credit Facility Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)the Security Documents; *provided*, that for the purposes of this definition of "Original Finance Documents", "Common Security and Account Agreement" and "Finance Document" as used in the definition of "Security Documents" shall refer to the Original Common Security and Account Agreement and the Original Finance Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)the Direct Agreements in place as of the Initial Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)the Original Intercreditor Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)any fee letters with parties providing financing (other than any Equity Funding) in place as of the Initial Closing Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)any Initial Permitted Senior Debt Hedging Instrument; *provided* that as used in Section 4.1(a) (*Conditions to Initial Closing Date and Initial Advance*), such term shall refer only to any Permitted Senior Debt Hedging Instrument in place as of the Initial Closing Date.

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"*Original Intercreditor Agreement*" means the Intercreditor Agreement, dated as of the Initial Closing Date, among the Intercreditor Agent, the Collateral Agent and the Facility Agents and Hedging Banks party thereto from time to time, setting forth the appointment of the Intercreditor Agent and setting forth voting and certain intercreditor arrangements among all Facility Lenders and Hedging Banks.

"*Other Connection Taxes*" means, with respect to any Finance Party, Taxes imposed as a result of a present or former connection between such Finance Party and the jurisdiction imposing such Tax (other than connections arising solely from such Finance Party having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, sold or assigned an interest in, or engaged in any other transaction pursuant to or enforced any Finance Document).

"*Other Taxes*" means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Finance Document (other than any Indenture or Senior Notes), except any such Taxes that are Other Connection Taxes imposed with respect to an assignment of a Facility Lender's interest in a Facility Agreement (other than an assignment made pursuant to Section 19.5 (*Mitigation Obligations; Replacement of Lenders*) of the Common Terms Agreement).

"*Parent Guarantees*" means, collectively, the Phase 1 Parent Guarantees and the Phase 2 Parent Guarantees.

"*Participant*" means each Person (other than a natural Person, or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural Person) to whom a Facility Lender may sell participations from time to time.

"*Participant Register*" means a register on which each Facility Lender which sells a participation, enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant's interest in the relevant Facility Agreement or other obligations under the Finance Documents. Each Facility Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a Participant Register.

"*Parties*" means, with respect to any agreement, the signatories to such agreement.

"*Patent Licenses*" means all agreements, licenses and covenants providing for the granting of any right in or to any Patent or otherwise providing for a covenant not to sue for infringement or other violation of any Patent (whether an Obligor is licensee or licensor thereunder) including each agreement required to be listed in Schedule J (*Intellectual Property*) to the Common Security and Account Agreement under the

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heading "Patent Licenses" (as such schedule may be amended or supplemented from time to time).

"*Patents*" means all United States and foreign and multinational patents and certificates of invention, or similar industrial property rights, and applications for any of the foregoing, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)each patent and patent application required to be listed in Schedule J (*Intellectual Property*) to the Common Security and Account Agreement under the heading "Patents" (as such schedule may be amended or supplemented from time to time);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)all reissues, substitutes, divisions, continuations, continuations-in-part, extensions, renewals, and reexaminations thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)all inventions and improvements described and claimed therein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)all rights to sue or otherwise recover for any past, present and future infringement or other violation thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)all proceeds of the foregoing, including license fees, royalties, income, payments, claims, damages, and proceeds of suit now or hereafter due and/or payable with respect thereto; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)all other rights of any kind accruing thereunder or pertaining thereto throughout the world.

"*Payment Date*" means each CTA Payment Date and any other date for payment of Senior Debt Obligations (including payment dates for the payment of interest) under or pursuant to any Senior Debt Instrument, including any Indenture, or Permitted Hedging Instrument.

"*Payment Default*" means any event of default under Section 15.1(a) (*Loan Facility Events of Default – Payment Default*) of the Common Terms Agreement and any comparable provision in any Senior Debt Instrument then in effect entered into after the date of the Common Security and Account Agreement.

"*PBGC*" means the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA (or any successor).

"*PCI*" means Performance Contractors, Inc.

"*PDE Senior Debt*" has the meaning given in Section 6.6(a) (*Supplemental Debt*) of the Common Terms Agreement.

"*Pension Plan*" means a Plan, other than a Multiemployer Plan, which is subject to Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA.

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"*Performance Liquidated Damages*" means any liquidated damages resulting from the Project Facilities' performance that are required to be paid by a Construction Contractor or any other counterparty to a Material Project Agreement for or on account of any diminution to the performance of the Project Facilities.

"*Performance Test*" has the meaning given to such term in each applicable Material Project Agreement.

"*Permit*" means (a) any authorization, consent, approval, license, lease, ruling, tariff, rate, certification, waiver, exemption, filing, variance, claim, order, judgment or decree of, by or with, (b) any required notice to, (c) any declaration of or with, or (d) any registration by or with, in the cases of the foregoing clauses (a) through (d), any Governmental Authority and then required for the development, construction and operation of the Project Facilities as contemplated in the Finance Documents and the Material Project Agreements then in effect.

"*Permit Appeal Qualification*" means, in respect of any applicable Permit, such Permit is (a) not subject to appeal or (b) is subject to appeal, but (i)(A) such appeal does not have a reasonable probability of success or (B) such appeal, if successful, would not impair the ability of the Obligors to satisfy their material obligations under the Required LNG SPAs and (ii) the applicable permit remains effective during such appeal; *provided* that, as used in the definition of "DOE Authorization Condition", clause (b)(i)(B) shall apply to all LNG SPAs in respect of the Excess Capacity Quantity or Supplemental Quantity, as applicable, notwithstanding that such LNG SPA may not be a Required LNG SPA.

"*Permitted Additional Working Capital Debt*" means any additional working capital debt incurred pursuant to Section 6.2 (*Working Capital Debt*); *provided* that, (1) no Event of Default or Unmatured Event of Default has occurred and is Continuing or could reasonably be expected to occur after giving effect to the incurrence of the Working Capital Debt and (2) any Senior Debt Instrument governing the additional working capital debt shall require the Borrower to reduce the principal amount relating to any revolving Loans thereunder to $0 for a period of at least five consecutive Business Days at least once per calendar year.

"*Permitted Approved Expansion*" means, as the context may require, the Project Phase 3A Development, the Project Phase 3B Development, or any Permitted Internal Expansion which, if financed in whole or in part with the proceeds of Permitted Approved Expansion Debt, has satisfied the Permitted Approved Expansion Debt Conditions.

"*Permitted Approved Expansion Debt*" has the meaning given in Section 6.5 (*Permitted Approved Expansion Debt*) of the Common Terms Agreement.

"*Permitted Approved Expansion Debt Conditions*" has the meaning given in Section 6.5 (*Permitted Approved Expansion Debt*) of the Common Terms Agreement.

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"*Permitted CFCo Contribution*" has the meaning given in Section 7.5(a)(ii) (*External Expansions – Creation of Common Facilities Company*) of the Common Terms Agreement.

"*Permitted Completion Amount*" means a sum equal to an amount certified by the Borrower (and confirmed reasonable by the Independent Engineer) on the Project Phase 2 Completion Date as necessary to pay 125% of the Permitted Completion Costs.

"*Permitted Completion Costs*" means unpaid Project Costs (including Project Costs not included in the Construction Budget and Schedule delivered on the Upsize Closing Date) that the Borrower reasonably anticipates will be required for the Phase 1 Project Facilities and the Phase 2 LNG Facility to pay all remaining costs associated with outstanding Punch List Items (as defined in the applicable Material Project Agreements) work, retainage, fuel incentive payments, disputed amounts, start-up costs, bonuses and other costs required under the Material Project Agreements related to the Project Phase 1 Development and the Project Phase 2 Development.

"*Permitted Development Expenditures*" means Development Expenditures that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)are required by applicable law or regulations, any consent from a Governmental Authority, Industry Standards or Prudent Industry Practice applicable to the Project Phase 1 Development and the Project Phase 2 Development;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)are otherwise used for the Project Phase 1 Development and the Project Phase 2 Development; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)are otherwise used for the Project Phase 3A Development, the Project Phase 3B Development, any Permitted Internal Expansion or an Expansion permitted in accordance with Section 7.2 (*Expansion Contracts*) of the Common Terms Agreement; and

are funded from (i) Equity Funding not otherwise committed to other expenditure for the Development, (ii) Insurance Proceeds and Condemnation Proceeds to the extent permitted by Article 5 (*Insurance and Condemnation Proceeds and Performance Liquidated Damages*) of the Common Security and Account Agreement or proceeds of dispositions to the extent permitted by Section 12.17 (*Sale of Project Property*) of the Common Terms Agreement or any equivalent provision of any other Senior Debt Instrument, (iii) Retained Excess Cash Flow, Assumed Post-COD P1 SPA Profits, if Phase 3A FID has occurred, profits similar to the Assumed Post-COD P1 SPA Profits from the Phase 2 LNG Facility (which shall be applied first to the Project Phase 3A Development), if Phase 3B FID has occurred, profits similar to the Assumed Post-COD P1 SPA Profits from the Phase 3A LNG Facility (which shall be applied first to the Project Phase 3B Development), and if any Permitted Internal Expansion FID has occurred, profits similar to the Assumed Post-COD P1 SPA Profits from the Phase 3B

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LNG Facility (which shall be applied first to any subsequent Permitted Internal Expansion), (iv) PDE Senior Debt permitted to be incurred in accordance with Section 6.6 (*Supplemental Debt*) and (v) subject to Section 7.5 (*External Expansions*), in the case of CFCo, funds received from any External LNG/CCS Entity, in the case of each of the foregoing sub-clauses (i) through (v), as expressly permitted under the Finance Documents and which use for the contemplated development could not reasonably be expected to have a Material Adverse Effect.

"*Permitted Completion Senior Debt*" has the meaning given in Section 6.6(a) (*Supplemental Debt*) of the Common Terms Agreement.

"*Permitted Finance Costs*" means, for any period, the sum of all amounts of principal, interest, fees and other amounts payable in relation to Indebtedness (other than Senior Debt and other than LC Costs and other amounts payable in relation to Indebtedness that constitute Operation and Maintenance Expenses) permitted by Section 12.14(b) (*Limitation on Indebtedness*) (including guarantees thereof permitted under Section 12.15 (*Guarantees*) of the Common Terms Agreement during such period) *plus* all amounts payable during such period pursuant to Permitted Hedging Instruments that are not secured, *plus* any amounts required to be deposited in margin accounts pursuant to Permitted Hedging Instruments; *provided* that, Permitted Finance Costs will not include funds categorized as Operation and Maintenance Expenses under the last sentence of the definition thereof.

"*Permitted Finance Costs Reserve Account*" is the account described in Section 4.3(a)(xiii) (*Accounts*) of the Common Security and Account Agreement.

"*Permitted Hedging Instrument*" means (a) each Initial Permitted Senior Debt Hedging Instrument; (b) each Upsize Permitted Senior Debt Hedging Instrument; or (c) a Hedging Instrument entered into by the Borrower in the ordinary course of business, including any Hedging Instrument entered into in connection with forward sale or factoring contracts related to Pre-Completion Revenues, and that (i) is with a Hedging Bank, a Gas Hedge Provider or any other party that is a counterparty to a Hedging Instrument, and (ii) is entered for non-speculative purposes and is on arm's-length terms; *provided* that, if such Hedging Instrument is a Gas Hedging Instrument, it is (i) with a secured or unsecured Gas Hedge Provider, (ii) for non-speculative purposes and on arm's-length terms, and (iii) limited to (1) Futures Contracts, Fixed-Floating Futures Swaps, NYMEX Natural Gas Futures Contracts and Swing Swaps for gas hedging purposes for up to a maximum of 207.5 TBtu of gas utilizing intra-month and up to 24 prompt month contracts, (2) Index Swaps for gas hedging purposes for up to a maximum of 98.8 TBtu per month of gas utilizing up to 24 prompt month contracts, and (3) Basis Swaps for gas hedging purposes for up to a maximum of 98.8 TBtu per month with a tenor up to 60 months, where the limitations in each of the categories described in subclauses (1), (2) and (3) are not aggregated. "*Permitted Hedging Instrument*" includes any "*Permitted Senior Debt Hedging Instrument*." For the avoidance of doubt, each Anticipatory Hedge shall constitute (i) a Permitted

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Hedging Instrument and (ii) upon the relevant counterparty acceding to the Common Security and Account Agreement, a Permitted Senior Debt Hedging Instrument, in each case for all purposes hereunder and under the other Transaction Documents. As used in the preceding sentence, "*Anticipatory Hedge*" means any interest rate transaction between a Hedging Bank and Venture Global LNG, Inc. or the Borrower entered into prior to the Initial Closing Date, and any Hedging Instrument entered into between a Hedging Bank and the Borrower, which results from an assignment, novation, participation, or any other conveyance or transfer of an Anticipatory Hedge (including any restructuring thereof or offsetting transactions related thereto) to the Borrower.

"*Permitted Hedging Liabilities*" means all present and future liabilities (actual or contingent) payable or owing by an Obligor under any Permitted Hedging Instrument (including the obligation to pay a Hedging Termination Amount) together with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)any novation, deferral or extension of any of those liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)any claim for damages or restitution arising out of, by reference to or in connection with any of those liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)any claim flowing from any recovery by an Obligor or a receiver or liquidator thereof or any other Person of a payment or discharge in respect of any of those liabilities on grounds of preference or otherwise; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)any amounts (such as post-insolvency interest) which could be included in any of the above but for any discharge, non-provability, unenforceability or non-allowability of the same in any insolvency or other proceedings.

"*Permitted Internal Expansion*" has the meaning given in Section 7.4 (*Permitted Internal Expansion*) of the Common Terms Agreement.

"*Permitted Internal Expansion FID*" means the Borrower has (acting in its sole discretion) made a positive investment decision for a Permitted Internal Expansion, which, if Permitted Approved Expansion Debt is being incurred with respect to such Permitted Internal Expansion, is subject to satisfaction of the conditions set forth in the definition of Permitted Approved Expansion Debt.

"*Permitted Internal Expansion FID Conditions Satisfaction Date*" means the date on which (a) the Borrower has (acting in its sole discretion so long as the Independent Engineer has certified to the Intercreditor Agent that construction and development work with respect to the Permitted Internal Expansion will not adversely interfere in any material respect with construction and development work with respect to the Project Phase 1 Development, the Project Phase 2 Development and, if applicable, the Project Phase 3A Development and, if applicable, the Project Phase 3B Development) made a positive financial investment decision for any Permitted Internal Expansion (which, for the avoidance of doubt, excludes the Phase 3 LNG Facility) and (b) a

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Permitted Internal Expansion FID has occurred with respect to such Permitted Internal Expansion.

"*Permitted Liens*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Liens for taxes not delinquent or being contested in good faith and by appropriate proceedings in relation to which appropriate reserves are maintained and liens for customs duties that have been deferred in accordance with the laws of any applicable jurisdiction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)deposits or pledges to secure obligations under workmen's compensation, old age pensions, social security or similar laws or under unemployment insurance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)deposits or other financial assurances to secure bids, tenders, contracts (other than for borrowed money), leases, concessions, licenses, statutory obligations, surety and appeal bonds (including any bonds permitted under the Material Construction Contracts), performance bonds and other obligations of like nature arising in the ordinary course of business and cash deposits incurred in connection with natural gas purchases;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)mechanics', workmen's, materialmen's, suppliers', warehouse, Liens of lessors and sublessors or other like Liens arising or created in the ordinary course of business with respect to obligations that are not due or that are being contested in good faith;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)servitudes, easements, rights of way, encroachments and other similar encumbrances burdening the Project Facilities' land that are granted in the ordinary course, imperfections of title on real property, and restrictive covenants, zoning restrictions, licenses or conditions on the grant of real property (in relation to such real property); *provided* that, such servitudes, easements, rights of way, encroachments and other similar encumbrances, imperfections, restrictive covenants, restrictions, licenses or conditions do not materially interfere with the Development as contemplated in the Finance Documents and the Material Project Agreements or have a material adverse effect on the Security Interests;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Liens to secure Indebtedness permitted by Sections 12.14(m) and (u) (*Limitation on Indebtedness*) of the Common Terms Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)the Security Interests;

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Material Adverse Effect or materially impair the Development's use of the encumbered assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Liens in the ordinary course of business over any assets (the aggregate value of which assets at the time any such Lien is granted does not exceed $75 million) that could not reasonably be expected to cause a Material Adverse Effect or materially impair the Development's use of the encumbered assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)contractual or statutory rights of set-off (including netting) granted to the Obligors' bankers, under any Permitted Hedging Instrument or any Material Project Agreement and that could not reasonably be expected to cause a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)deposits or other financial assurances to secure reimbursement or indemnification obligations in respect of letters of credit or in respect of letters of credit put in place by an Obligor and payable to suppliers, service providers, insurers or landlords in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)Liens that are scheduled exceptions to the coverage afforded by a Title Policy on the Upsize Closing Date or later date of amendment of a Title Policy or delivery of a new Title Policy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)legal or equitable encumbrances (other than any attachment prior to judgment, judgment lien or attachment in aid of execution on a judgment) deemed to exist by reason of the existence of any pending litigation or other legal proceeding if the same is effectively stayed or the claims secured thereby are being contested in good faith and by appropriate proceedings and an appropriate reserve has been established in respect thereof in accordance with GAAP;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)the Liens created pursuant to the Real Property Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)Liens by any Obligor in favor of any other Obligor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)Liens arising out of judgments or awards not constituting an Event of Default so long as an appeal or proceeding for review is being prosecuted in good faith and for the payment of which adequate cash reserves, bonds or other cash equivalent security have been provided or are fully covered by insurance (other than any customary deductible); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)subject to Section 7.5 (*External Expansions*), Liens arising in respect of CFCo under any Common Facilities Agreement.

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"*Permitted Payments*" means, without duplication as to amounts allowed to be distributed under any other provision of the Common Terms Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)payments to an Affiliate of the Borrower to permit such Affiliate to pay its reasonable accounting, legal and administrative expenses when due, in an aggregate amount not to exceed $25 million per calendar year (escalating annually in accordance with the applicable Material Project Agreements); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)with respect to any periods (or portions thereof), the amount sufficient to permit *pro rata* distributions to each direct or indirect equity holder of the Obligors to pay U.S. federal, state, local or non-U.S. income or similar Taxes (including estimated taxes) attributable to its direct or indirect interests in the Obligors for each taxable year, as reasonably determined by the Obligors (a) utilizing an assumed tax rate equal to the highest combined marginal U.S. federal, state and local income tax rate applicable to an individual resident in, or a corporation doing business in, the State of New York, whichever is higher, and (b)(1) taking into account the character of income (e.g., as ordinary or capital gain), (2) taking into account Medicare taxes under Section 1411 of the Code, (3) taking into account any applicable limitations with respect to deductions, and (4) ignoring the effects of Sections 199A, 734 and 743 of the Code.

"*Permitted Relevering Debt*" has the meaning given in Section 6.6(a) (*Supplemental Debt*) of the Common Terms Agreement.

"*Permitted Senior Debt Hedging Instrument*" means a Permitted Hedging Instrument in respect of which the applicable Hedging Bank has acceded to the Common Security and Account Agreement.

"*Permitted Senior Debt Hedging Liabilities*" means all present and future liabilities (actual or contingent) payable or owing by an Obligor under any Permitted Senior Debt Hedging Instrument (including the obligation to pay a Senior Debt Hedging Termination Amount) together with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)any novation, deferral or extension of any of those liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)any claim for damages or restitution arising out of, by reference to or in connection with any of those liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)any claim flowing from any recovery by an Obligor or a receiver or liquidator thereof or any other Person of a payment or discharge in respect of any of those liabilities on grounds of preference or otherwise; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)any amounts (such as post-insolvency interest) which would be included in any of the above but for any discharge, non-provability,

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unenforceability or non-allowability of the same in any insolvency or other proceedings.

"*Person*" means any individual, firm, corporation, partnership, joint venture, association, trust, unincorporated organization, Governmental Authority or other entity whether enjoying legal personality or not, and includes its successors or permitted assignees.

"*Petronas*" means Petronas LNG Ltd.

"*Phase 1 Construction Contractors*" means the Phase 1 EPC Contractor, the Pipeline Contractors, BHES, B&McD, Cajun, CB&I, PCI, SSH, UOP, Callan and Baker Gulf.

"*Phase 1 Environmental Assessment Consultant*" means each of Environmental Resources Management, Inc. and Environmental Resources Management Southwest, Inc.

"*Phase 1 EPC Contract*" means the Amended and Restated Engineering, Procurement and Construction Agreement, dated as of June 13, 2025, by and between the Borrower and Phase 1 EPC Contractor, as supplemented by Notice to Proceed, dated as of July 28, 2025, together with the Phase 1 EPC Contract Guaranty.

*"Phase 1 EPC Contract Guaranty*" means the Contractor Guarantee, dated as of June 8, 2023, by Worley Limited for the benefit of the Borrower.

"*Phase 1 EPC Contractor*" means Worley Field Services Inc.

"*Phase 1 Excess Capacity LNG SPA*" means the LNG Sales and Purchase Agreement (FOB) (Phase 1 Excess), dated as of the Initial Closing Date, by and between the Borrower and Venture Global Commodities, LLC.

"*Phase 1 Initial LNG Buyers*" means SEFE, JERA, China Gas, Inpex, ENBW, NFE, ExxonMobil LNG, Chevron, Petronas, and ENI.

"*Phase 1 Initial LNG SPA Guarantees*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Parent Company Guarantee on First Demand, dated as of June 26, 2023, as amended by the Amendment Agreement, dated as of July 21, 2025, and as amended and restated on December 19, 2025, by SEFE Securing Energy for Europe GmbH in favor of the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Guarantee, dated as of January 4, 2023, by Inpex Corporation in favor of the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Guarantee, dated as of March 2, 2022, by New Fortress Energy Inc. in favor of the Borrower;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)the Guarantee, dated as of February 21, 2023, by China Gas Holdings Limited in favor of the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)the Guarantee, dated as of the Initial Closing Date, by the Sponsor in favor of the Borrower in respect of the Phase 1 Excess Capacity LNG SPA; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)any other guarantee delivered to the Borrower under a Phase 1 Initial LNG SPA.

"*Phase 1 Initial LNG SPAs*" means the following LNG SPAs entered into between the Borrower and the Phase 1 Initial LNG Buyers or Venture Global Commodities, LLC, as applicable, on or before the Initial Closing Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the LNG Sales and Purchase Agreement (FOB), dated as of June 20, 2023, by and between the Borrower and SEFE Marketing & Trading Singapore Pte. Ltd. (as assignee of SEFE Energy GmbH (f/k/a Wingas GmbH), pursuant to that Assignment and Assumption agreement, dated as of December 19, 2025), as amended by Amendment No. 1 to LNG Sales and Purchase Agreement (FOB), dated as of May 21, 2025, and Amendment No. 2 to LNG Sales and Purchase Agreement (FOB), dated as of July 8, 2025;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the LNG Sales and Purchase Agreement (FOB), dated as of April 27, 2023, by and between the Borrower and JERA, as supplemented by Letter Agreement in respect of option to increase the ACQ, dated as of April 27, 2023, Letter Agreement to extend the expiration date pursuant to the Option to Increase ACQ Letter, dated as of September 1, 2023 and Notice of Waiver, dated as of July 24, 2025, from the Borrower to JERA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the LNG Sales and Purchase Agreement (FOB), dated as of February 21, 2023, by and between the Borrower and China Gas, as amended by Amendment No. 1 to LNG Sales and Purchase Agreement (FOB), dated as of June 21, 2024, and Amendment No. 2 to LNG Sales and Purchase Agreement (FOB), dated as of June 20, 2025;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)the LNG Sales and Purchase Agreement (FOB), dated as of December 26, 2022, by and between the Borrower and Inpex, as amended by Amendment No. 1 to LNG Sales and Purchase Agreement (FOB), dated as of December 20, 2024, and Amendment No. 2 to LNG Sales and Purchase Agreement (FOB), dated as of June 16, 2025;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)the LNG Sales and Purchase Agreement (FOB), dated as of June 10, 2022, by and between the Borrower and ENBW, as amended by Amendment No. 1 to LNG Sales and Purchase Agreement (FOB), dated as of March 18, 2024 and Amendment No. 2 to LNG Sales and Purchase Agreement (FOB), dated as of July 22, 2025, and as supplemented by Notice of ACQ

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Increase, dated as of September 29, 2022 in respect of LNG Sales and Purchase Agreement (FOB), dated as of June 10, 2022;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)the LNG Sales and Purchase Agreement (FOB), dated as of March 2, 2022, by and between the Borrower and NFE, as amended by Amendment No. 1 to LNG Sales and Purchase Agreement (FOB), dated as of March 26, 2024, Amendment No. 2 to LNG Sales and Purchase Agreement (FOB), dated as of April 19, 2024 and Amendment No. 3 to LNG Sales and Purchase Agreement (FOB), dated as of April 10, 2025;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)the LNG Sales and Purchase Agreement (FOB), dated as of April 29, 2022, by and between the Borrower and ExxonMobil LNG, as amended by Amendment No. 1 to LNG Sales and Purchase Agreement (FOB), dated as of May 23, 2024, and Amendment No. 2 to LNG Sales and Purchase Agreement (FOB), dated as of July 9, 2025, in each case by and between the Borrower and ExxonMobil LNG, and as supplemented by Gas Supply Letter Agreement, dated as of April 29, 2022 and Carbon Capture and Sequestration Letter Agreement, dated as of April 29, 2022;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)the LNG Sales and Purchase Agreement (FOB), dated as of June 15, 2022, by and between the Borrower and Chevron, as amended by Amendment No.1 to LNG Sales and Purchase Agreement (FOB), dated as of June 25, 2024, as supplemented by the Notice of Waiver, dated as of April 23, 2025 from the Borrower to Chevron and Confirmation of Waiver of Conditions Precedent and CP Satisfaction Date, dated as of April 28, 2025 from Chevron to the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the LNG Sales and Purchase Agreement (FOB), dated as of July 2, 2025, by and between the Borrower and Petronas;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)the LNG Sales and Purchase Agreement (FOB), dated as of July 15, 2025, by and between the Borrower and ENI; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)the Phase 1 Excess Capacity LNG SPA.

"*Phase 1 Lenders' Reliability Test*" means a 90-day test which demonstrates that the Phase 1 Project Facilities' overall production during the applicable time periods can meet the applicable minimum cumulative LNG production volumes without exceeding a maximum amount of allowable downtime, in accordance with and as more specifically set forth in Schedule O-1 (*Phase 1 Lenders' Reliability Test Criteria*) to the Common Terms Agreement or as otherwise agreed among the Borrower, the Facility Lenders and the Independent Engineer.

"*Phase 1 LNG Facility*" means the first phase of the Project, consisting of, inter alia, thirteen integrated single mixed refrigerant liquefaction blocks and supporting facilities, two 200,000 cubic meter cryogenic LNG storage tanks, and certain other

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related facilities, in each case (i) with related onsite utilities and supporting infrastructure and (ii) as such facilities may be improved, replaced, modified, changed or expanded in accordance with the Finance Documents.

"*Phase 1 LNG Facility Date Certain*" means with respect to the Phase 1 Project Facilities, January 23, 2030; *provided* that, if, on or prior to January 23, 2030, the Borrower certifies to the Intercreditor Agent (and the Independent Engineer reasonably concurs with such certification in writing) that (i) the only remaining condition to the Project Phase 1 Completion Date as of the date of delivery of such certification, other than conditions that can only be satisfied on the Project Phase 1 Completion Date, is the condition specified in Section 14.1(c)(iii) (*Conditions to Occurrence of the Project Phase 1 Completion Date – Physical Completion Certificate*) and (ii) the Phase 1 Lenders' Reliability Test has commenced in accordance with the procedures specified in Section 12.11 (*Witnessing Performance Tests and Lenders' Reliability Tests; Settlement of Liquidated Damages*) and the Independent Engineer reasonably expects the Phase 1 Lenders' Reliability Test to be completed on or prior to April 23, 2030, then for all purposes under this Agreement the "*Phase 1 LNG Facility Date Certain*" means April 23, 2030; *provided* that, in the case of the occurrence of one or more events that constitute an LNG SPA Force Majeure that interferes with construction of the Project or otherwise with the Borrower's ability to achieve substantial completion of Phase 1 Project Facilities by such date, the Phase 1 LNG Facility Date Certain will be extended by such number of days as such event or events of LNG SPA Force Majeure delays substantial completion of Phase 1 Project Facilities (but not to exceed 365 days in the aggregate).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)"*Phase 1 Material Construction Contracts*" means, together, each of the following documents:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Phase 1 EPC Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Phase 1 Procurement, Supply and Construction Contracts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Pipeline Construction Contracts.

"*Phase 1 Material Project Agreements*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Phase 1 Initial LNG SPAs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Phase 1 Initial LNG SPA Guarantees;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Phase 1 EPC Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)the Pipeline Construction Contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)the Phase 1 Procurement, Supply and Construction Contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)the Gas Transportation Agreements;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)the Pipeline Service Agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)from and after the entry into such agreement, the Service Agreements described in clauses (l) and (n) of the definition thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Service Agreements described in clauses (a) through (k) and (m) of the definition of "Service Agreements";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)prior to the Project Phase 1 Completion Date, the Access License Agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)the Leases;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)the Phase 1 Parent Guarantees;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)the Guarantee, dated as of July 1, 2025, by the Borrower for the benefit of B&McD, relating to the B&McD Pretreatment Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)the Guarantee, dated as of June 30, 2025, by the Borrower for the benefit of PCI, relating to the FAA (CP2 Phase 1 Pre-Treatment Modules);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)the Guarantee, dated as of June 30, 2025, by the Borrower for the benefit of PCI, relating to the FAA (CP2 Phase 1 Pipe Rack Modules);and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)any Subsequent Material Project Agreement related to the Phase 1 LNG Facility,

*provided* that, any Phase 1 Material Project Agreement shall cease to be a Phase 1 Material Project Agreement when all material obligations thereunder have been performed and paid in full.

"*Phase 1 Material Project Counterparties*" means each of the Phase 1 Construction Contractors, the Phase 1 Initial LNG Buyers, SEFE Securing Energy for Europe GmbH, Inpex Corporation, New Fortress Energy Inc., China Gas Holdings Limited, the Sponsor, Baker Hughes Holdings LLC, CB&I STS Holdings LLC, Burns & McDonnell, Inc., Worley Limited, CP2 Tug Services, LLC (only to the extent that the Service Agreement referenced in clause (e) of the definition thereof is in effect), the Manager, the Operator, the Pipeline Operator, Cameron Land Ventures, LLC, CP Marine Offloading, LLC, Blackfin Pipeline LLC, TC Louisiana Intrastate Pipeline LLC, Matterhorn Express Pipeline, LLC, JADP Venture, LLC, Henry Venture, LLC, Wilma Davis Bride Family, LLC, Ardoin Henry, LLC, Miller Estate Leasing Company, LLC, Charlotte Ann LaBove, Carlotta Ann Savoie, Cameron Parish Port, Harbor and Terminal District, Donald Maurice Drost, Daniel Kenneth Drost, William David Drost, Dallas Clyde Pichnic, Marjorie Pichnic Rorex, Tamara Lynn Rorex, Shane Wyatt Rorex Jr. and each other party (other than an Obligor) to a Phase 1 Material Project Agreement.

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"*Phase 1 Parent Guarantees*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Guaranty Agreement, dated as of April 13, 2023, by Baker Hughes Holdings LLC for the benefit of the Borrower, relating to the LTS 2023 Purchase Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Guaranty Agreement, dated as of July 14, 2023, by Baker Hughes Holdings LLC for the benefit of the Borrower, relating to the PIS 2023 Purchase Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Guaranty Agreement, dated as of September 30, 2024, by Baker Hughes Holdings LLC for the benefit of the Borrower, relating to the PIS 2024 Purchase Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)the Parent Company Guarantee, dated as of June 22, 2023, by CB&I STS Holdings LLC (as assignee of McDermott International, Ltd, pursuant to the Assignment, Assumption and Amendment Agreement dated as of February 1, 2024) for the benefit of the Borrower, relating to the LNG Storage Tanks Engineering, Procurement and Construction Agreement (Phase I), dated as of June 22, 2023, by and between the Borrower and CB&I;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)the Parent Guarantee, dated as of August 22, 2024, by Burns & McDonnell, Inc. in favor of the Procurement Company (as assignee of the Borrower, pursuant to the Assignment and Assumption Agreement, dated as of July 24, 2025), relating to the B&McD Pretreatment Contract; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)the Phase 1 EPC Contract Guaranty.

"*Phase 1 Procurement, Supply and Construction Contracts*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the LTS 2023 Purchase Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the PIS 2023 Purchase Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the PIS 2024 Purchase Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)the UOP Pretreatment Contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)the B&McD Pretreatment Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)the Fabrication and Assembly Agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)SSH Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)the Cajun Construction Agreements;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Dredging Services Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)the Baker Gulf Construction Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)the Storage Tanks EPC Contract.

"*Phase 1 Project Facilities*" means the Phase 1 LNG Facility and the CP Express Pipeline, as such facilities may be repaired and replaced from time to time or modified, changed or expanded as permitted in the Finance Documents.

"*Phase 2 Conditional Assignments*" means the Mitsui Conditional Assignment and the Tokyo Gas Conditional Assignment and on and from the date of satisfaction of the conditions in clause (a) of the definition of Debt Commitment Sizing Conditions, the Atlantic-SEE Conditional Assignment.

"*Phase 2 Construction Contractors*" means the Phase 2 EPC Contractor, the Pipeline Contractors, and each other counterparty party to a Phase 2 Procurement, Supply and Construction Contract.

"*Phase 2 EPC Contract*" means the Engineering, Procurement and Construction Agreement, dated as of January 30, 2026, by and between the Borrower and Phase 2 EPC Contractor, together with the Phase 2 EPC Contract Guaranty.

*"Phase 2 EPC Contract Guaranty*" means the Parent Guarantee, dated as of January 30, 2026, by Worley Limited for the benefit of the Borrower.

"*Phase 2 EPC Contractor*" means Worley Field Services Inc.

"*Phase 2 Excess Capacity LNG SPA*" means the LNG Sales and Purchase Agreement (FOB) (Phase 2 Excess), dated as of the Upsize Closing Date, between the Borrower and Venture Global Commodities, LLC.

"*Phase 2 Fixed Start Date LNG SPAs*" means the Mitsui SPA and the Tokyo Gas SPA, and on and from the date of satisfaction of the conditions in clause (a) of the definition of Debt Commitment Sizing Conditions, the Atlantic-SEE LNG SPA.

"*Phase 2 Initial LNG Buyers*" means Naturgy LNG GOM Limited, Mitsui & Co., Ltd., Tokyo Gas Co., Ltd., Hanwha Aerospace Co., Ltd and on and from the date of satisfaction of the conditions in clause (a) of the definition of Debt Commitment Sizing Conditions, Atlantic – See LNG Trade S.A. ("*Atlantic-SEE*").

"*Phase 2 Initial LNG SPA Guarantees*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Guarantee, dated as of November 10, 2025, by Naturgy Energy Group S.A. in favor of the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Guarantee, dated as of the Upsize Closing Date, by the Sponsor in favor of the Borrower relating to the Phase 2 Excess Capacity LNG SPA;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Guarantee, dated as of the Upsize Closing Date, by the Sponsor in favor of the Borrower relating to the VGC Contingent LNG SPA; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)the VGC Nameplate LNG SPA Guaranty.

"*Phase 2 Initial LNG SPAs*" means the following LNG SPAs entered into between the Borrower and the Phase 2 Initial LNG Buyers or Venture Global Commodities, LLC, as applicable, on or before the Upsize Closing Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the LNG Sales and Purchase Agreement (FOB), dated as of November 7, 2025, by and between the Borrower and Naturgy LNG GOM Limited;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the LNG Sales and Purchase Agreement (FOB Louisiana), dated as of November 11, 2025, by and between Venture Global Commodities, LLC and Mitsui & Co., Ltd. (the "*Mitsui LNG SPA*") and the Conditional Assignment, Assumption and Amendment Agreement, dated as of the Upsize Closing Date, by and among the Borrower, Venture Global Commodities, LLC and Mitsui & Co., Ltd. (the "*Mitsui Conditional Assignment*");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the LNG Sales and Purchase Agreement (FOB Louisiana), dated as of November 25, 2025, by and between Venture Global Commodities, LLC and Tokyo Gas Co., Ltd. (the "*Tokyo Gas LNG SPA*") and the Conditional Assignment, Assumption and Amendment Agreement, dated as of the Upsize Closing Date, by and among the Borrower, Venture Global Commodities, LLC and Tokyo Gas Co., Ltd. (the "*Tokyo Gas Conditional Assignment*");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)on and from the date of satisfaction of the conditions in clause (a) of the definition of Debt Commitment Sizing Conditions, the LNG Sales and Purchase Agreement (FOB Louisiana), dated as of November 6, 2025, by and between Venture Global Commodities, LLC and Atlantic – SEE LNG Trade S.A. (the "*Atlantic-SEE LNG SPA*" and the Conditional Assignment, Assumption and Amendment Agreement, dated as of the Upsize Closing Date, by and among the Borrower, Venture Global Commodities, LLC and Atlantic – SEE LNG Trade S.A. (the "*Atlantic-SEE Conditional Assignment*");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)the LNG Sales and Purchase Agreement (FOB) (Phase 2), dated as of February 26, 2026, by and between Hanwha Aerospace Co., Ltd. and the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)the VGC Contingent LNG SPA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)the Phase 2 Excess Capacity LNG SPA; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)the VGC Nameplate LNG SPA.

"*Phase 2 LNG Facility*" means the second phase of the Project, consisting of, inter alia, five integrated single mixed refrigerant liquefaction blocks and supporting facilities, two 200,000 cubic meter cryogenic LNG storage tanks, and certain related facilities, in each case (i) with related onsite utilities and supporting infrastructure and (ii) as such facilities may be improved, replaced, modified, changed or expanded in accordance with the Finance Documents.

"*Phase 2 LNG Facility Date Certain*" means with respect to the Phase 2 LNG Facility, September 30, 2030; *provided* that, if, on or prior to September 30, 2030, the Borrower certifies to the Intercreditor Agent (and the Independent Engineer reasonably concurs with such certification in writing) that (i) the only remaining condition to the Project Phase 2 Completion Date as of the date of delivery of such certification, other than conditions that can only be satisfied on the Project Phase 2 Completion Date, is the condition specified in Section 14.3(d)(iii) (*Conditions to Occurrence of the Project Phase 2 Completion Date – Physical Completion Certificate*) and (ii) the Lenders' Reliability Test has commenced in accordance with the procedures specified in Section 12.11 (*Witnessing Performance Tests and Lenders' Reliability Tests; Settlement of Liquidated Damages*) and the Independent Engineer reasonably expects the Lenders' Reliability Test to be completed on or prior to December 29, 2030, then for all purposes under this Agreement the "*Phase 2 LNG Facility Date Certain*" means December 29, 2030; *provided* that, in the case of the occurrence of one or more events that constitute an LNG SPA Force Majeure that interferes with construction of the Project or otherwise with the Borrower's ability to achieve substantial completion of the Phase 2 LNG Facility by such date, the Phase 2 LNG Facility Date Certain will be extended by such number of days as such event or events of LNG SPA Force Majeure delays substantial completion of the Phase 2 LNG Facility (but not to exceed 365 days in the aggregate).

"*Phase 2 Material Construction Contracts*" means, together, each of the following documents:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Phase 2 EPC Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Phase 2 Procurement, Supply and Construction Contracts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Pipeline Construction Contracts.

"*Phase 2 Material Project Counterparties*" means each of the Phase 2 Construction Contractors, the Phase 2 Initial LNG Buyers and each other party (other than an Obligor) to a Phase 2 Material Project Agreement.

"*Phase 2 Material Project Agreements*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Phase 2 Initial LNG SPAs;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Phase 2 Initial LNG SPA Guarantees;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Phase 2 EPC Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)the Pipeline Construction Contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)the Phase 2 Procurement, Supply and Construction Contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)the Gas Transportation Agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)the Pipeline Service Agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)from and after the entry into such agreement, the Service Agreements described in clauses (l) and (n) of the definition thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Service Agreements described in clauses (a) through (k) and (m) of the definition of "Service Agreements";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)prior to the Project Phase 2 Completion Date, the Access License Agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)the Leases;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)the Phase 2 Parent Guarantees;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)the Conditional Payment Support Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)the Guarantee, dated as of July 1, 2025, by the Borrower for the benefit of B&McD, relating to the B&McD Pretreatment Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)the Guarantee to be delivered by the Borrower for the benefit of PCI, relating to the FAA (CP2 Phase 2 Pre-Treatment Modules); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)any Subsequent Material Project Agreement related to the Phase 2 LNG Facility,

*provided* that, any Phase 2 Material Project Agreement shall cease to be a Phase 2 Material Project Agreement when all material obligations thereunder have been performed and paid in full.

"*Phase 2 Parent Guarantees*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Guaranty Agreement, dated as of September 30, 2024, by Baker Hughes Holdings LLC for the benefit of the Borrower, relating to the PIS 2024 Purchase Order;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Guaranty Agreement, dated as of December 13, 2024, by Baker Hughes Holdings LLC for the benefit of the Borrower, relating to the LTS 2024 Purchase Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Parent Company Guarantee, dated as of July 7, 2025, by CB&I Storage Tank Solutions LLC for the benefit of the Borrower, relating to the Storage Tanks EPC Contract (Phase 2);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)the Parent Guarantee, dated as of August 22, 2024, by Burns & McDonnell, Inc. in favor of the Procurement Company (as assignee of the Borrower pursuant to the Assignment and Assumption Agreement, dated as of July 24, 2025), relating to the B&McD Pretreatment Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)the Phase 2 EPC Contract Guaranty;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Parent Company Guarantee, dated as of October 4, 2023, by Linde Inc. for the benefit of the Borrower, relating to the NRU EPF Agreement (Phase 1); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)Parent Company Guarantee, dated as of December 20, 2024, by Linde Inc. for the benefit of the Borrower, as amended by Amendment 01 to Parent Guarantee, dated as of March 2, 2026, relating to the NRU EPF Agreement (Phase 2).

"*Phase 2 Procurement, Supply and Construction Contracts*" means, collectively,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the LTS 2024 Purchase Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the PIS 2024 Purchase Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Storage Tanks EPC Contract (Phase 2);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)the NRU EPF Agreement (Phase 1);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)the NRU EPF Agreement (Phase 2);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)the B&McD Pretreatment Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)the FAA (CP2 Phase 2 Pre-Treatment Modules);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)Fabrication and Assembly Agreement (Phase 2), dated as of January 16, 2026, between SSH and the Borrower (as assignee of CP2 Development Co., LLC pursuant to that certain Assignment and Assumption Agreement, dated on or about the Upsize Closing Date), as supplemented by Notice to Proceed, dated as of January 19, 2026;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Construction Agreement (Reimbursable) (Phase 2), dated as of January 30, 2026, by and between the Borrower (as assignee of CP2 Development Co., LLC pursuant to that certain Assignment and Assumption Agreement, dated on or about the Upsize Closing Date) and Baker Gulf, as supplemented by Notice to Proceed, dated as of February 4, 2026; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)the UOP Pretreatment Contracts (to the extent related to the Phase 2 LNG Facility).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)"*Phase 3 LNG Facility*" means, collectively, the Phase 3A LNG Facility and the Phase 3B LNG Facility.

"*Phase 3 Loan Proceeds Sublimit*" means $[\*\*\*].

"*Phase 3A FID*" means the Borrower has (acting in its sole discretion) made a positive investment decision for the Project Phase 3A Development, which, if Permitted Approved Expansion Debt is being incurred with respect to such Project Phase 3A Development, is subject to satisfaction of the conditions set forth in the definition of Permitted Approved Expansion Debt.

"*Phase 3A LNG Facility*" means the third phase of the Project, consisting of, inter alia, four integrated single mixed refrigerant liquefaction blocks and supporting facilities, three gas turbine generators, one marine terminal and certain related facilities, in each case (i) with related onsite utilities and supporting infrastructure and (ii) as such facilities may be improved, replaced, modified, changed or expanded in accordance with the Finance Documents.

"*Phase 3B FID*" means the Borrower has (acting in its sole discretion) made a positive investment decision for the Project Phase 3B Development, which, if Permitted Approved Expansion Debt is being incurred with respect to such Project Phase 3B Development, is subject to the conditions set forth in the definition of Permitted Approved Expansion Debt.

"*Phase 3B LNG Facility*" means the third phase of the Project, consisting of, inter alia, two integrated single mixed refrigerant liquefaction blocks and supporting facilities, two gas turbine generators, two steam turbine generators, five heat recovery steam generators, and certain related facilities, in each case (i) with related onsite utilities and supporting infrastructure and (ii) as such facilities may be improved, replaced, modified, changed or expanded in accordance with the Finance Documents.

"*Pipeline Company*" means Venture Global CP Express, a limited liability company organized under the laws of the State of Delaware, which is a direct wholly owned Subsidiary of the Pledgor.

"*Pipeline Construction Contracts*" means:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Engineering, Procurement and Construction Management Agreement, dated as of August 31, 2022, by and between the Pipeline Company and Gulf Interstate Engineering Company, as amended by Change Order No. 1, dated as of June 6, 2023, Amendment No. 1, dated as of June 9, 2023, Change Order No. 2, dated as of June 20, 2023, Amendment No. 2, dated as of August 1, 2023, Change Order No. 3, dated as of August 18, 2023, Change Order No. 4, dated as of September 25, 2023, Change Order No. 5, dated as of October 13, 2023, Change Order No. 6, dated as of November 22, 2023, Change Order No. 7, dated as of December 5, 2023, Amendment No. 3 dated as of December 19, 2023, Change Order No. 8, dated as of January 23, 2024, Change Order No. 9, dated as of February 21, 2024, Change Order No. 10, dated as of May 13, 2024, Change Order No. 11, dated as of June 26, 2024, Change Order No. 12, dated as of August 30, 2024, Change Order No. 13, dated as of September 25, 2024, Change Order No. 14, dated as of December 12, 2024, Change Order No. 15, dated as of April 10, 2025, Change Order No. 16, dated as of September 30, 2025, Change Order No. 17, dated as of October 17, 2025, Change Order No. 18, dated as of December 8, 2025, and Change Order No. 19, dated as of December 31, 2025, in each case by and between the Pipeline Company and Gulf Interstate Engineering Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Pipeline Construction Agreement for Spread 2, dated as of June 5, 2025, as supplemented by the Limited Notice to Proceed No. 1, dated as of June 20, 2025, Limited Notice to Proceed No. 2, dated as of July 2, 2025, Limited Notice to Proceed No. 3, dated as of August 19, 2025, and Full Notice to Proceed, dated as of September 22, 2025, and as amended by Amendment No. 1 to Pipeline Construction Agreement for Spread 2, dated as of June 26, 2025, Amendment No. 2 to Pipeline Construction Agreement for Spread 2, dated as of July 10, 2025, and Change Order No. 1, dated as of February 18, 2026, in each case by and between the Pipeline Company and Sunland ("*Sunland Pipeline Construction Contract*"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Pipeline Construction Agreement for Spread 1, dated as of June 16, 2025, as amended by Amendment No. 1 to Pipeline Construction Agreement for Spread 1, dated as of June 23, 2025, and Amendment No. 2 to Pipeline Construction Agreement for Spread 1, dated as of August 26, 2025, in each case by and between the Pipeline Company and Troy, and as supplemented by Limited Notice to Proceed No. 1, dated as of June 23, 2025, Limited Notice to Proceed No. 2, dated as of June 23, 2025, Limited Notice to Proceed No. 3, dated as of September 9, 2025, Limited Notice to Proceed No. 4, dated as of August 22, 2025 and Full Notice to Proceed, dated as of September 17, 2025 and as modified by Change Order No. 1, dated as of December 4, 2025.

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"*Pipeline Contractors*" means Sunland, Gulf Interstate Engineering Company and Troy.

"*Pipeline Operator*" means CP Express Operations, LLC, a limited liability company organized under the laws of the State of Delaware.

"*Pipeline Service Agreements*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Firm 311 Service Order (Agreement No. M-649-FT3001), dated as of November 1, 2024, by and between the Borrower and Matterhorn Express Pipeline, LLC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Firm 311 Service Order (Agreement No. M-649-FT3002), dated as of November 1, 2024, by and between the Borrower and Matterhorn Express Pipeline, LLC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Firm Intrastate Service Order (Agreement No. M-649-FT001), dated as of November 1, 2024, by and between the Borrower and Matterhorn Express Pipeline, LLC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Firm Intrastate Service Order (Agreement No. M-649-FT002), dated as of November 1, 2024, by and between the Borrower and Matterhorn Express Pipeline, LLC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)the Firm Transportation Service Agreement, dated as of May 27, 2025, by and between the Borrower and the Pipeline Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Firm Intrastate Service Order (FT001), dated as of October 16, 2025, by and between Matterhorn Express Pipeline, LLC, and the Borrower (as assignee of VG Gas Marketing, LLC (as assignee of VG LNG Marketing, LLC pursuant to that certain Assignment and Assumption Agreement, dated as of November 14, 2025) pursuant to that certain Assignment and Assumption Agreement, dated on or about the Upsize Closing Date);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)Firm 311 Intrastate Service Order (FT3001), dated as of October 16, 2025, by and between Matterhorn Express Pipeline, LLC, and the Borrower (as assignee of VG Gas Marketing, LLC (as assignee of VG LNG Marketing, LLC pursuant to that certain Assignment and Assumption Agreement, dated as of November 14, 2025) pursuant to that certain Assignment and Assumption Agreement, dated on or about the Upsize Closing Date);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)NGPA 311 Confirmation (Waha to Blackfin/Katy), dated as of November 1, 2025, by and between Oasis Pipeline, LP and the Borrower (as assignee of VG Gas Marketing LLC pursuant to that certain Assignment and Assumption Agreement dated on or about the Upsize Closing Date);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Confirmation (Waha to Blackfin/Katy), dated as of November 1, 2025, by and between Oasis Pipeline, LP and the Borrower (as assignee of VG Gas Marketing LLC pursuant to that certain Assignment and Assumption Agreement dated on or about the Upsize Closing Date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)the Firm Intrastate Service Order (P-649-FT001), dated as of July 25, 2025, by and between Pelican Pipeline, LLC and the Borrower (as assignee of VG Gas Marketing, LLC (as assignee of VG LNG Marketing, LLC pursuant to that certain Assignment and Assumption Agreement, dated as of November 19, 2025) pursuant to that certain Assignment and Assumption Agreement, dated on or about the Upsize Closing Date); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)the Firm 311 Service Order (P-649-FT3001), dated as of July 25, 2025, by and between Pelican Pipeline, LLC and the Borrower (as assignee of VG Gas Marketing, LLC (as assignee of VG LNG Marketing, LLC pursuant to that certain Assignment and Assumption Agreement, dated as of November 19, 2025) pursuant to that certain Assignment and Assumption Agreement, dated on or about the Upsize Closing Date).

"*PIS 2023 Purchase Order*" means that certain Purchase Order Contract for the Sale of Power Island System, dated as of July 14, 2023, by and between the Procurement Company (as assignee of the Borrower, pursuant to the Assignment and Assumption Agreement, dated as of December 1, 2024) and BHES, as amended by Change Order No. 1, dated as of May 29, 2024, Change Order No. 2, dated as of August 15, 2024, Change Order No. 3, dated as of February 10, 2025, Change Order No. 4, dated as of March 27, 2025, Change Order No. 5, dated as of June 2, 2025, Change Order No. 6, dated as of November 23, 2025 and Change Order No. 7, dated as of February 24, 2026, and, as supplemented by Limited Notice to Proceed Under the Purchase Order Contract for the Sale of Power Island System, dated as of July 14, 2023 and Full Notice to Proceed Under the Purchase Order Contract for the Sale of Power Island System, dated as of September 27, 2023.

"*PIS 2024 Purchase Order*" means that certain Purchase Order Contract for the Sale of Power Island System, dated as of September 30, 2024, by and between BHES and the Procurement Company (as assignee of the Borrower, pursuant to the Assignment and Assumption Agreement, dated as of May 29, 2025), as amended by Change Order No. 1, dated as of November 13, 2025 and Change Order No. 2, dated as of December 8, 2025, and as supplemented by Limited Notice to Proceed for Tranche A, dated as of September 30, 2024, Full Notice to Proceed Only for Tranche A, dated as of December 20, 2024, and Full Notice to Proceed for Tranche B, dated as of January 1, 2025.

"*Plan*" means any "employee benefit plan" as defined in Section 3(3) of ERISA, including any "employee welfare benefit plan" (as defined in Section 3(1) of ERISA) and/or any "employee pension benefit plan" (as defined in Section 3(2) of ERISA), that is or was maintained or contributed to by any Obligor or any ERISA Affiliate.

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"*Pledge Agreement*" has the meaning given in Section 3.3 (*Security Interests to be Granted by Pledgor*) of the Common Security and Account Agreement.

"*Pledged Collateral*" has the meaning given in Section 3.2(a) (*Security Interests to be Granted by the Obligors – Pledge of Pledged Collateral*) of the Common Security and Account Agreement.

"*Pledged Debt Securities*" has the meaning given in Section 3.2(a)(vii) (*Security Interests to be Granted by the Obligors – Pledge of Pledged Collateral*) of the Common Security and Account Agreement.

"*Pledged Equity Interests*" has the meaning given in Section 3.2(a)(i) (*Security Interests to be Granted by the Obligors – Pledge of Pledged Collateral*) of the Common Security and Account Agreement.

"*Pledgor*" means CP2 LNG Pledgor, LLC, a limited liability company organized under the laws of the State of Delaware.

"*Pledgor Reaffirmation Agreement*" means the Reaffirmation and Acknowledgment Agreement, dated as of the Upsize Closing Date, by and between the Pledgor and the Collateral Agent.

"*Pre-Completion Quantities*" has the meaning given in Section 8.5(a) (*Sale of Pre-Completion Quantities*).

"*Pre-Completion Revenues*" has the meaning given in Section 8.5(a)(iii) (*Sale of Pre-Completion Quantitie*s).

"*Pre-Completion Revenues Account*" is the account described in Section 4.3(a)(iii) (*Accounts*) of the Common Security and Account Agreement.

"*Pro Rata Payment*" means, in respect of the Senior Debt Obligations, a payment to a Senior Creditor on any date on which a payment of Senior Debt Obligations is made in which:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the amount of interest paid to such Senior Creditor on such date bears the same proportion to the total amount of interest payments made to all Senior Creditors on such date as (i) the total amount of Senior Debt Obligations for interest due to such Senior Creditor on such date bears to (ii) the total amount of Senior Debt Obligations for interest due to all Senior Creditors on such date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the amount of principal paid to such Senior Creditor on such date bears the same proportion to the total amount of principal payments made to all Senior Creditors on such date as (i) the total amount of Senior Debt Obligations for principal due to such Senior Creditor on such date bears to (ii) the total amount of Senior Debt Obligations for principal due to all

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Senior Creditors on such date, in each case not including any principal payable by way of an acceleration of principal unless each Senior Debt Obligation has been accelerated; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)fees, commissions, indemnities and all amounts other than interest and principal paid to such Senior Creditor on such date bears the same proportion to the total fees, commissions, indemnities and such other amounts paid to all Senior Creditors on such date as (i) the total Senior Debt Obligations for fees, commissions, indemnities and such other amounts due to such Senior Creditor on such date bears to (ii) the total Senior Debt Obligations for fees, commissions, indemnities and such other amounts due to all Senior Creditors on such date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)*provided* that, in each case, to the extent such Pro Rata Payment is made in respect of Senior Debt Obligations that are Tranched, such the ratios in items (a) through (c) above shall be calculated on a Tranche basis.

If payments cannot be made exactly in such proportion due to minimum required payment amounts and required integral multiples of payments under Senior Debt Instruments, payments made in amounts as near such exactly proportionate amounts as possible shall be deemed to be Pro Rata Payments.

"*Procurement Company*" means CP2 Procurement, LLC, a limited liability company organized under the laws of the State of Delaware, which is a direct wholly owned Subsidiary of the Pledgor.

"*Procurement, Supply and Construction Contracts*" means, collectively, the Phase 1 Procurement, Supply and Construction Contracts and the Phase 2 Procurement, Supply and Construction Contracts.

"*Project*" means the LNG liquefaction and export project located alongside the Calcasieu Ship Channel in Cameron Parish, Louisiana, consisting of the Project Facilities.

"*Project Completion Costs*" means, at the time of any Restricted Payment to be made pursuant to Section 11.3 (*Pre-Completion Revenue Restricted Payments*), the then-current remaining Project Costs in respect of the Phase 1 Project Facilities and the Phase 2 LNG Facility (excluding the amounts contemplated in the Updated Contingency Amount or the Project DSRA) for the Project to achieve the Project Phase 1 Completion Date on or prior to the Phase 1 LNG Facility Date Certain and the Project Phase 2 Completion Date on or prior to the Phase 2 LNG Facility Date Certain.

"*Project Costs*" means all costs of acquiring, leasing, designing, engineering, developing, permitting, insuring, financing (including (a) the repayment in full of the Bridge Loans and any accrued and unpaid interest thereon and (b) closing costs, other

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fees and expenses, commissions and discounts payable to any purchaser or underwriter of Senior Notes (to the extent such costs are paid from the proceeds of such Senior Notes), insurance costs (including premiums) and, except to the extent paid from the Revenue Account in accordance with Section 4.7(a)(ii) (*Cash Waterfall*) or Section 4.7(a)(iii) (*Cash Waterfall*) of the Common Security and Account Agreement, interest during construction and interest rate hedge expenses and Secured Party Fees during construction (provided that, for the avoidance of doubt, from and after the Project Phase 1 Completion Date, such interest, interest rate hedge expenses and Secured Party Fees on the Tranche 1 Term Loan Facility and Tranche 1 Working Capital Facility shall cease to be Project Costs), constructing, installing, commissioning, testing and starting-up (including costs relating to all equipment, materials, spare parts and labor for) the Project Facilities, funding the Senior Facilities Debt Service Reserve Account and the Contingency Reserve Account and all other costs incurred with respect to the Development in accordance with the Construction Budget and Schedule, including working capital prior to the end of the Term Loan Availability Period (on terms set forth for the Working Capital Facility in the Credit Facility Agreement), gas purchase, transport and storage costs, in each case incurred prior to, with respect to the Phase 1 Project Facilities and the Phase 2 LNG Facility, the Project Phase 2 Completion Date, with respect to the Phase 3A LNG Facility, the Project Phase 3A Completion Date, with respect to the Phase 3B LNG Facility, Project Phase 3B Completion Date, or with respect to any Permitted Internal Expansion, "project completion date" in respect of such Permitted Internal Expansion, Operation and Maintenance Expenses incurred prior to the Project Phase 2 Completion Date, and/or reimbursement of Drawstop Equity Contributions solely to the extent the proceeds of such Drawstop Equity Contributions have been used to pay Project Costs and after satisfaction of the conditions set forth in Section 4.3 (*Conditions to Each Term Loan Advance*). On any date on which a determination is being made whether specific sources of funding available to the Obligors are sufficient for the Development to achieve the Project Phase 1 Completion Date by the Phase 1 LNG Facility Date Certain, the Project Phase 2 Completion Date by the Project Phase 2 Completion Date, the Project Phase 3A Completion Date by any required date for the achievement of the Project Phase 3A Completion Date, the Project Phase 3B Completion Date by any required date for the achievement of the Project Phase 3B Completion Date or "project completion date" in respect of any Permitted Internal Expansion by any required date for the achievement of "project completion date" in respect of such Permitted Internal Expansion, the Project Costs against which the applicable sources of funding are measured to make this determination will be the remaining Project Costs required to be spent in order to achieve the Project Phase 1 Completion Date, the Project Phase 2 Completion Date, the Project Phase 3A Completion Date, the Project Phase 3B Completion Date or "project completion date" in respect of such Permitted Internal Expansion, as applicable, as determined as of such determination date based on the then-current Construction Budget and Schedule, including in the case of commissioning costs determined on a net basis consistent with the then-current Construction Budget and Schedule.

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"*Project DSRA*" means the then-current anticipated Senior Facilities Debt Service Reserve Amount on the projected Project Phase 2 Completion Date.

"*Project Facilities*" means (a) the Phase 1 Project Facilities and the Phase 2 LNG Facility, (b) on and following the occurrence of the Phase 3A FID, collectively, the Phase 1 Project Facilities, the Phase 2 LNG Facility and the Phase 3A LNG Facility, (c) on and following the occurrence of the Phase 3B FID, collectively, the Phase 1 Project Facilities, the Phase 2 LNG Facility and the Phase 3B LNG Facility, and (d) on and following the Permitted Internal Expansion FID Conditions Satisfaction Date for any Permitted Internal Expansion, collectively, the Phase 1 Project Facilities, Phase 2 LNG Facility and such Permitted Internal Expansion, in each case, as such facilities may be repaired and replaced from time to time or modified, changed or expanded as permitted in the Finance Documents.

"*Project Phase 1 Completion Date*" means the date upon which all of the conditions set forth in Section 14.1 (*Conditions to Occurrence of the Project Phase 1 Completion Date*) of the Common Terms Agreement have been either satisfied, or, in each case, waived by the Requisite Intercreditor Parties.

"*Project Phase 1 Development*" means the financing, development, engineering, acquisition, ownership, occupation, construction, equipping, testing, commissioning, completing, insurance, repair, operation, maintenance and use of the Phase 1 Project Facilities and the purchase, transportation and sale of Gas and the production, storage and sale of LNG, the export of LNG from the Phase 1 Project Facilities, the transportation of Gas to the Phase 1 Project Facilities by an Obligor or third parties, and the sale of other services or other products or by-products of the Phase 1 Project Facilities and all activities incidental thereto, in each case in accordance with the Transaction Documents.

"*Project Phase 2 Completion Date*" means the date upon which all of the conditions set forth in Section 14.3 (*Conditions to Occurrence of the Project Phase 2 Completion Date*) of the Common Terms Agreement have been either satisfied, or, in each case, waived by the Requisite Intercreditor Parties.

"*Project Phase 2 Development*" means the expansion of the Project to develop, engineer, construct and operate the Phase 2 LNG Facility.

"*Project Phase 3 Completion Date*" means the later of the Project Phase 3A Completion Date and the Project Phase 3B Completion Date.

"*Project Phase 3A Completion Date*" means the "project completion date" established in respect of the Phase 3A LNG Facility.

"*Project Phase 3A Development*" means the expansion of the Project to develop, engineer, construct and operate the Phase 3A LNG Facility.

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"*Project Phase 3B Completion Date*" means the "project completion date" established in respect of the Phase 3B LNG Facility.

"*Project Phase 3B Development*" means the expansion of the Project to develop, engineer, construct and operate the Phase 3B LNG Facility.

"*Project Property*" means, at any point in time, all Project Facilities, material Permits in respect of the Development, information, data, results (technical, economic, business or otherwise) known and other information that was developed or acquired as a result of Development operations.

"*Prudent Industry Practice*" means, at a particular time, any of the practices, methods, standards and procedures (including those engaged in or approved by a material portion of the LNG industry) that, at that time, in the exercise of reasonable judgment in light of the facts known at the time a decision was made, could reasonably have been expected to accomplish the desired result consistent with good business practices, including due consideration of the Development's reliability, environmental compliance, economy, safety and expedition, and which practices, methods, standards and acts generally conform to International LNG Terminal Standards and International LNG Vessel Standards, and solely with respect to Section 12.27 (*Gas Supply Arrangements*) of the Common Terms Agreement, the standard industry practice applicable to the gas supply industry, including providing due consideration of the need for reliable supply and taking into account the credit quality, track record and experience of suppliers, diversity of supply sources, quality of gas supplied and prudent contracting strategy in order to enable the Development to receive the quantum of natural gas required from time to time to meet the obligations of the Obligors under the LNG SPAs.

"*PUHCA*" means the Public Utility Holding Company Act of 2005 and FERC's implementing regulations.

"*QFC Credit Support*" has the meaning given in Section 2.8 (*Acknowledgement Regarding Any Supported QFCs*) of the Common Terms Agreement.

"*Qualified ECP Party*" means, in respect of any Swap Obligation, each Obligor that has total assets exceeding $10 million at the time the relevant guaranty or grant of the relevant security interest becomes effective with respect to such Swap Obligation or such other person as constitutes an "eligible contract participant" under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an "eligible contract participant" at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

"*Qualified Operator*" means any Person that, directly or indirectly through an affiliate, within the last five years, (a) is engaged in the business of procuring or transporting at least 1.0 Bcf of natural gas per day, (b) has operated LNG liquefaction facilities processing not less than 4.5 MTPA of LNG and (c) is in compliance with the

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requirements of the USA Patriot Act (including applicable, and uniformly applied, "know your customer" regulations) and all other applicable Anti-Terrorism and Money Laundering Laws and satisfies applicable "know your customer" requirements of the Facility Lenders.

"*Qualified Owner*" means any Person that, directly or through an affiliate, (a) either (i) is (or is a Subsidiary or a controlled affiliate of) a Qualified Operator, (ii) has engaged a Qualified Operator to operate the Project Facilities, (iii) has engaged with one or more Affiliates of Venture Global LNG, Inc. to operate the Project Facilities or (iv) has provided the Intercreditor Agent with a certificate from the Independent Engineer stating that such Person (or its designated operator) is qualified to operate the Project Facilities, (b) either (i) has an Investment Grade rating or (ii) is a person that has a tangible net worth or assets of at least $10 billion, (c) has satisfied applicable "know your customer" requirements of the Facility Lenders and (d) is in compliance with the requirements of the USA Patriot Act (including applicable, and uniformly applied, "know your customer" regulations) and all other applicable Anti-Terrorism and Money Laundering Laws.

"*Qualifying LNG SPA*" has the meaning given in Section 8.1(b) (*LNG SPA Maintenance*) of the Common Terms Agreement.

"*Qualifying Term*" means (a) with respect to any new LNG SPA that meets the conditions to be, or is approved as, a Qualifying LNG SPA, the term of such LNG SPA is no shorter than the lesser of (i) [\*\*\*] years and (ii) the remaining notional 20-year amortization term of the Upsized Senior Debt or (b) with respect to any LNG SPA replacing a Required LNG SPA, a term at least as long as the remaining term of the Required LNG SPA it is replacing.

"*Quarterly Payment Date*" means each March 31, June 30, September 30 and December 31.

"*Real Estate*" means all land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter owned or leased by an Obligor, including all easements, rights-of-way, servitudes and similar rights relating thereto and all leases and tenancies, and all rights of occupancy thereof of a nature comparable to a lease.

"*Real Property Documents*" means, at any time, (i) the documents evidencing the Real Estate owned (or leased) by the Obligors and (ii) the documents evidencing the Real Estate in which a license or servitude has been granted to an Obligor (including, for the avoidance of doubt for purposes of this clause (ii), documents evidencing Real Estate on which the CP Express Pipeline is or is to be situated). As of the Upsize Closing Date, such documents referenced in clause (i) are set forth on Schedule U (*Real Property Documents*) to the Common Terms Agreement.

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"*Reasonable Commercial Terms*" has the meaning given in Section 12.28(a) (*Insurance Covenant*) of the Common Terms Agreement.

"*Receiver*" means an administrator, a receiver or receiver and manager, or, where permitted by law, an administrative receiver or equivalent officer or person in a relevant jurisdiction of the whole or any part of the Collateral.

"*Register*" has the meaning given in Section 19.7 (*Register*) of the Common Terms Agreement.

"*Reimbursable Construction Agreement*" means that certain Construction Agreement (Reimbursable), dated as of June 20, 2025, by and between the Borrower and Cajun, as supplemented by Notice to Proceed, dated as of August 4, 2025.

"*Related Parties*" means, with respect to any specified Person, such Person's Affiliates and the respective shareholders, members, partners, directors, officers, employees, agents, trustees, advisors and representatives of such Person and such Person's Affiliates.

"*Release*" means, with respect to any Hazardous Material, any release, spill, emission, leaking, pouring, emptying, escaping, dumping, pumping, injection, deposit, disposal, discharge, dispersal, leaching or migration of such Hazardous Material into the environment, including the movement of such Hazardous Material through ambient air, soil, surface water, ground water, wetlands, land or subsurface strata.

"*Relevant Interest Period*" means, with respect to each Loan, the "Interest Period" and/or "Interest Payment Period", as applicable, as defined in the relevant Facility Agreement.

"*Repeated Representations*" means the representations and warranties described in Section 5.2 (*Repeated Representations and Warranties of the Obligors*) of the Common Terms Agreement.

"*Replacement Debt*" has the meaning given in Section 6.3(a) (*Replacement Debt*) of the Common Terms Agreement.

"*Replacement Facility Agent Accession Agreement*" has the meaning given in Section 19.3(b)(ii) (*Replacement of Facility Agents*) of the Common Terms Agreement.

"*Replacement Material Contract*" means any agreement entered into in replacement of a Material Project Agreement (a) which has substantially similar or more favorable economic effect for Borrower or any Guarantor, as applicable, when taken as a whole together with any other agreements related thereto and (b) which has substantially similar or more favorable non-economic terms (taken as a whole) for Borrower or any Guarantor, as applicable, as the Material Project Agreement being replaced.

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"*Required Capital Expenditures*" means capital expenditures required to meet the requirements of any applicable laws and regulations, Permits (or interpretations thereof), or insurance policies, Industry Standards, and Prudent Industry Practice with which the Obligors are obligated to comply under any Material Project Agreement and any other material agreements of the Obligors relating to the Development, including those relating to the environment.

"*Required Export Authorization*" means, with respect to a Required LNG SPA at any time, (a) the Non-FTA Authorization and (b) the FTA Authorization to the extent that (i) at such time, the volumes permitted to be exported under the FTA Authorization or the Non-FTA Authorization, as the case may be, are required in order to enable the sale of such Required LNG SPA's share of LNG in accordance with the terms of such Required LNG SPA and (ii) an objection has not been received in respect of the identification of such Export Authorization as being (or not being) a "Required Export Authorization" pursuant to Section 8.1(b)(iv) (*LNG SPA Maintenance*) of the Common Terms Agreement. For the avoidance of doubt, the Non-FTA Authorization is a Required Export Authorization for each of the Initial LNG SPAs (other than the Excess Capacity LNG SPAs) in effect on the Upsize Closing Date and until otherwise determined in accordance with Section 8.2(a)(ii) (*LNG SPA Mandatory Prepayment*) of the Common Terms Agreement.

"*Required Intercreditor Parties*" has the meaning given in Section 1.1 (*Definitions*) of the Intercreditor Agreement.

"*Required LNG SPA*" means, at any time, Qualifying LNG SPAs that are:

(a)(x) in respect of the Phase 1 LNG Facility, (A)(i) as 1.30x Sizing LNG SPAs, the Qualifying LNG SPAs referenced in clauses (a) through (e), and (g) through (j) of the definition of "Phase 1 Initial LNG SPA", and (ii) any replacement of the foregoing clause (x)(A)(i) in accordance with Section 8.1 (*LNG SPA Maintenance*), other than with an Affiliate of an Obligor, and (B)(i) as 1.70x Sizing LNG SPAs, the Qualifying LNG SPAs referenced in clauses (f) and (k) of the definition of "Phase 1 LNG SPAs", and (ii) any replacement of the foregoing clause (x)(B)(i) in accordance with Section 8.1 (*LNG SPA Maintenance*), and (y) in respect of the Phase 2 LNG Facility, (A)(i) as 1.30x Sizing LNG SPAs, the Qualifying LNG SPAs referenced in clauses (a) through (c) and (e) through (f) of the definition of "Phase 2 Initial LNG SPAs" and, on and from the date of satisfaction of the conditions in clause (a) of the definition of Debt Commitment Sizing Conditions, the Qualifying LNG SPA referenced in clause (d) of the definition of "Phase 2 Initial LNG SPAs", and, until the one year anniversary of the Upsize Closing Date, the Qualifying LNG SPA referenced in clause (h) of the definition of "Phase 2 Initial LNG SPAs" and (ii) any replacement of the foregoing clause (y)(A)(i) in accordance with Section 8.1 (*LNG SPA Maintenance*), other than with an Affiliate of an Obligor, and (B)(i) as 1.70x Sizing LNG SPAs, the Qualifying LNG SPA referenced in clause (g) of the definition of "Phase 2 Initial LNG SPAs" and on and after the one year anniversary of the Upsize Closing Date, the Qualifying

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LNG SPA referenced in clause (h) of the definition of "Phase 2 Initial LNG SPAs", and (ii) any replacement of the foregoing clause (y)(B)(i) in accordance with Section 8.1 (*LNG SPA Maintenance*); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with respect to the overall Project, the Qualifying LNG SPAs then-designated by the Borrower pursuant to which the Fixed Projected DSCR through the tenor of such Qualifying LNG SPAs is no less than the Sizing Case DSCR based on Cash Flow Available for Debt Service from the fixed liquefaction fee under such Qualifying LNG SPAs, based on assumptions consistent with the Base Case Sizing Criteria.

"*Requisite Intercreditor Parties*" has the meaning given in Section 1.1 (*Definitions*) of the Intercreditor Agreement.

"*Reservations*" means the principle that equitable remedies are remedies which may be granted or refused at the discretion of the court, the limitation of enforcement by laws relating to bankruptcy, insolvency, liquidation, re-organization, court schemes, moratorium, administration and other laws generally affecting the rights of creditors, the time barring of claims under any legislation relating to limitation of claims, the possibility that an undertaking to assume liability for or to indemnify a Person against non-payment of stamp duty may be void, defenses of set-off or counterclaim and similar principles, in each case both under New York law and the laws of other applicable jurisdictions and such other qualifications as to matters of law as are contained in the legal opinions provided to the Senior Creditors pursuant to Section 4.1 (*Conditions to Initial Closing Date and Initial Advance*) and Section 4.2 (*Conditions to Upsize Closing Date*) of the Common Terms Agreement.

"*Resolution Authority*" means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

"*Restoration Debt*" has the meaning given in Section 6.6(a) (*Supplemental Debt*) of the Common Terms Agreement.

"*Restricted Document*" has the meaning given in Section 12.6(c) (*Confidentiality*) of the Common Security and Account Agreement.

"*Restricted Operation and Maintenance Expenses*" means Operation and Maintenance Expenses that do not constitute capital expenditures other than Required Capital Expenditures and those expenditures essential to construct the Project Facilities or to maintain the Project Facilities' capacity at, or to prevent a material increase in operating expenses from, the operating levels then in effect.

"*Restricted Payment*" means (a) any dividend or other distribution by the Borrower (in cash, property of the Borrower, securities, obligations, or other property) on, or other dividends or distributions on account of, or the setting apart of money for a sinking or other analogous fund for, or the purchase, redemption, retirement or other acquisition by the Borrower of, any portion of any membership interest in the Borrower and (b)

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all payments (in cash, property of the Borrower, securities, obligations, or other property) of principal of, interest on and other amounts with respect to, or other payments on account of, or the setting apart of money for a sinking or other analogous fund for, or the purchase, redemption, retirement or other acquisition by the Borrower of, any Indebtedness owed to Pledgor or any other Person party to a pledge agreement or any Affiliate thereof, including any Subordinated Debt. Restricted Payments shall not include (i) payments under the Service Agreements (which shall be paid in accordance with Section 4.7 (*Cash Waterfall*) of the Common Security and Account Agreement), (ii) Permitted Payments (which shall be paid in accordance with Sections 4.5(b)(ii)(C) (*Deposits and Withdrawals –Pre-Completion Revenues Account*) and/or 4.7 (*Cash Waterfall*) of the Common Security and Account Agreement) and (iii) any of the payments in (a) or (b) above (whether in cash, securities, obligations or otherwise) made among any of the Obligors.

"*Retained Excess Cash Flow*" means, as of any date of determination, amounts on deposit in the Excess Equity Proceeds Account that are available to be utilized for the making of a Restricted Payment under Section 11.1 (*Conditions to Restricted Payments*) or Section 11.3 (*Pre-Completion Revenue Restricted Payments*) of the Common Terms Agreement which, instead of being utilized to make a Restricted Payment, are retained by the Borrower and used for other purposes contemplated by the Finance Documents; *provided* that, in each case, such amounts shall only be included to the extent (a) the conditions to the making of a Restricted Payment have been satisfied under either Section 11.1 (*Conditions to Restricted Payments*) or Section 11.3 (*Pre-Completion Revenue Restricted Payments*) of the Common Terms Agreement, as applicable and (b) as of any date of determination, such funds exceed the amount deposited into the Excess Equity Proceeds Account as required by sub-clauses (a) through (d) of Section 7.2 (*Expansion Contracts*).

"*Revenue Account*" is the account described in Section 4.3(a)(vi) (*Accounts*) of the Common Security and Account Agreement.

"*Rolling Stock*" means any motor vehicles, tractors, trailers and other like property, whether or not the title thereto is governed by a certificate of title or ownership and other rolling stock, including such property for which the title thereto is evidenced by a certificate of title issued by the United States or a state that permits or requires a lien thereon to be evidenced upon such title.

"*S&P*" means Standard & Poor's Ratings Services, a division of McGraw-Hill Financial, Inc., or any successor thereto.

"*Sanctioned Person*" has the meaning given in Section 5.1(g)(iv) (*Sanctions, Anti-Corruption Laws and USA Patriot Act*) of the Common Terms Agreement.

"*Sanctions*" means any financial sanctions or economic or trade embargoes administered or enforced from time to time by the U.S. Department of State or the U.S. Department of Treasury (including the Office of Foreign Assets Control), or any

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other applicable U.S. sanctions authority (including OFAC Laws), the United Nations Security Council, the European Union, any EU member state or His Majesty's Treasury.

"*Sanctions Violation*" has the meaning given in Section 12.6 (*Compliance with Law*) of the Common Terms Agreement.

"*Schedule Bonus*" means [\*\*\*].

"*Schedule of Minimum Insurance*" has the meaning given in Section 12.28(a) (*Insurance Covenant*) of the Common Terms Agreement.

"*Secured Accounts*" means the Accounts, excluding the Excluded Unsecured Accounts.

"*Secured Parties*" means the Senior Creditors, the Senior Creditor Group Representatives, the Intercreditor Agent, the Collateral Agent and the Account Bank.

"*Secured Party Fees*" means any fees, costs, indemnities, charges, disbursements, liabilities and expenses (including reasonably incurred legal fees and expenses) and all other amounts payable to the Collateral Agent, the Intercreditor Agent, the Indenture Trustee or the Account Bank, as applicable, or any of their respective agents and to any Senior Creditor Group Representative.

"*Securities Act*" means the Securities Act of 1933.

"*Security Documents*" means the Common Security and Account Agreement and any other document, agreement, notice, mortgage, instrument or filing creating and/or perfecting any Lien required to be created or perfected by the Common Security and Account Agreement or any other Finance Document and shall include the Pledge Agreement, the Pledgor Reaffirmation Agreement, any deed of trust or mortgage entered into pursuant to Section 3.2(e) (*Security Interests to be Granted by the Obligors* – *Real Property*) of the Common Security and Account Agreement, including the Mortgage, any Patent or Trademark security agreement entered into pursuant to Section 3.5(f) (*Perfection and Maintenance of Security Interest* – *Intellectual Property Recording Requirements*) of the Common Security and Account Agreement, and any account control agreement (including the Control Agreements) entered into pursuant to Section 4.12(a) (*Local Accounts*) of the Common Security and Account Agreement.

"*Security Enforcement Action*" means the exercise by the Collateral Agent (or at its direction), following initiation of enforcement action in compliance with Section 6.2 (*Initiation of Security Enforcement Action*) and Section 6.3 (*Conduct of Security Enforcement Action*) of the Common Security and Account Agreement, of enforcement rights with respect to the Collateral and any of the other enforcement rights (including exercising step-in and other rights with respect to the Direct

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Agreements entered into pursuant to Section 3.4 (*Direct Agreements*) of the Common Security and Account Agreement) contemplated by the Common Security and Account Agreement, the other Security Documents and the Direct Agreements. For the avoidance of doubt, Security Enforcement Action shall not include any action taken by the Collateral Agent (or at its direction) in accordance with Section 6.1 (*Collateral Agent Action Generally*) of the Common Security and Account Agreement.

"*Security Enforcement Action Initiation Request*" has the meaning given in Section 6.2(a) (*Initiation of Security Enforcement Action*) of the Common Security and Account Agreement.

"*Security Enforcement Action Representative*" means, at any time, a Senior Creditor Group Representative, or a group of Senior Creditor Group Representatives acting together, that represents a Majority in Interest of the Senior Creditors (for purposes of this definition only, the "*Majority Representative*"); *provided* that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)for so long as at least 20% of the outstanding principal amount of the Senior Debt Obligations is held by Facility Lenders, the Security Enforcement Action Representative shall be a Senior Creditor Group Representative, or a group of Senior Creditor Group Representatives acting together, that represents a Majority in Interest of the Senior Creditors which includes Facility Lenders holding a majority of the outstanding principal amount of the Senior Debt Obligations held by Facility Lenders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)if there is no principal amount of Senior Debt Obligations then outstanding and at least 20% of the aggregate Senior Debt Commitments are held by Facility Lenders, the Security Enforcement Action Representative shall be a Senior Creditor Group Representative, or a group of Senior Creditor Group Representatives acting together, that represents a Majority in Interest of the Senior Creditors which includes Facility Lenders holding a majority of the aggregate Senior Debt Commitments held by Facility Lenders; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Initiating Percentage shall be deemed to be the Security Enforcement Action Representative if and only for so long as the Majority Representative (or the Security Enforcement Action Representative as determined pursuant to clause (a) or (b) above) is not diligently pursuing a Security Enforcement Action unless stayed or otherwise precluded from doing so by law, regulation or order, in which case the Majority Representative (or the Security Enforcement Action Representative as determined pursuant to clause (a) or (b) above) shall remain the Security Enforcement Action Representative until the Majority Representative (or the Security Enforcement Action Representative as determined pursuant to clause (a) or (b) above) is no longer stayed or otherwise precluded from

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diligently pursuing a Security Enforcement Action and is nonetheless not diligently pursuing such Security Enforcement Action.

"*SEFE*" means SEFE Marketing & Trading Singapore Pte. Ltd. (as assignee of SEFE Energy GmbH (formerly known as Wingas GmbH), pursuant to that Assignment and Assumption agreement, dated as of December 19, 2025).

"*Senior Creditor*" means a provider of Senior Debt that benefits from the Common Security and Account Agreement, including the Facility Lenders, any Senior Noteholders and each Hedging Bank that is party to, or accedes to, the Common Security and Account Agreement.

"*Senior Creditor Group*" means, at any one time, the following, each of which will constitute a separate Senior Creditor Group:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Credit Facility Lender Parties under the Credit Facility Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Facility Lenders (collectively) under any subsequent Facility Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Senior Noteholders (collectively) under any Indenture;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)each Hedging Bank; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)any Senior Creditor or group of Senior Creditors, as the case may be, that provides Additional Senior Debt pursuant to a single Senior Debt Instrument entered into after the date of the Common Security and Account Agreement.

"*Senior Creditor Group Representative*" means, with respect to any Senior Creditor Group, the representative of such Senior Creditor Group or the incumbent replacement thereof duly appointed as provided in Section 2.4 (*Senior Creditor Group Representatives; Replacement or Appointment of Senior Creditor Group Representative*) of the Common Security and Account Agreement; *provided* that, in the case of Hedging Banks acting in the capacity as a Senior Creditor Group Representative, such Hedging Bank shall only be entitled to act in such capacity in accordance with Section 7.3 (*Hedging Banks*) of the Common Security and Account Agreement. Each Facility Agent shall at all times be the Senior Creditor Group Representative for the relevant Senior Creditor Group and each Indenture Trustee shall at all times be the Senior Creditor Group Representative for the relevant Senior Noteholders.

"*Senior Debt*" means the Upsized Senior Debt, the Working Capital Debt and Senior Notes under the applicable Senior Debt Instrument existing on the Upsize Closing

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Date, any other permitted Additional Senior Debt (including such as may be incurred under any Senior Notes, or any other Senior Debt Instrument), obligations arising under the Permitted Senior Debt Hedging Instruments, any Permitted Additional Working Capital Debt, any Replacement Debt, after the satisfaction of the conditions set forth in Section 6.5 (*Permitted Approved Expansion Debt*), any Permitted Approved Expansion Debt and after the satisfaction of the applicable conditions in Section 6.6 (*Supplemental Debt*), any *pari passu* Permitted Relevering Debt, Permitted Completion Senior Debt, PDE Senior Debt and/or Restoration Debt, in each case benefiting from the Security Interests created under and pursuant to the Common Security and Account Agreement and incurred from time to time as permitted by the Finance Documents.

"*Senior Debt Commitments*" means the aggregate principal amount any Senior Creditor is committed to disburse to the Borrower under any Senior Debt Instrument.

"*Senior Debt/Equity Ratio*" means, as of the date of measurement, the ratio of (a) the sum of principal amounts of Senior Debt (excluding any Letters of Credit and unfunded Senior Debt Commitments, but including any Working Capital Loans and any LC Reimbursement Payments) incurred as of such date or Senior Debt or Senior Debt Commitments projected to be incurred and funded under the Base Case Forecast as of such date, as applicable, to (b) the aggregate amount of Equity Funding (other than Equity Funding as described in clause (f) of the definition thereof) applied as of such date towards Project Costs or contributed to the Borrower or any Guarantor and on deposit in a Secured Account (including any Cash Flow from operations prior to the Project Phase 2 Completion Date applied towards Project Costs) or Cash Flow from operations projected as of such date to be applied towards Project Costs under the Base Case Forecast (including Equity Funding (other than Equity Funding as described in clause (f) of the definition thereof) constituting Cash Flow that is reasonably expected to be received by the Obligors on or prior to the Project Phase 2 Completion Date) or amounts on deposit in the Excess Equity Proceeds Account applied to the payment of Project Costs (without double counting), as applicable.

"*Senior Debt Hedging Termination Amount*" means any Permitted Senior Debt Hedging Liability due as a result of the termination of a Permitted Senior Debt Hedging Instrument and/or the termination of any transaction entered into thereunder.

"*Senior Debt Instrument*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)each Facility Agreement, including with respect to each Facility Agreement, the Common Terms Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)any Indenture and any Senior Notes issued pursuant to such Indenture; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)any credit agreement, indenture, trust deed, note or other instrument pursuant to which the Borrower incurs permitted Additional Senior Debt from time to time.

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For the avoidance of doubt, the term "*Senior Debt Instrument*" shall not include any Permitted Hedging Instrument (including, for the avoidance of doubt, any Permitted Senior Debt Hedging Instrument).

"*Senior Debt Obligations*" means the obligations of the Borrower and the obligations of each Guarantor under its guarantee granted under and pursuant to the Common Security and Account Agreement in each case to pay:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)all principal, interest and premiums on the disbursed Senior Debt;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)all commissions, fees, reimbursements, indemnities, prepayment premiums and other amounts payable to Senior Creditors under any Senior Debt Instrument;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)all Permitted Senior Debt Hedging Liabilities under Permitted Hedging Instruments in respect of which the Hedging Bank has acceded to the Common Security and Account Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)all Secured Party Fees;

in each case whether such obligations are present, future, actual or contingent and including the payment of amounts that would become due under the Senior Debt Instruments or the Permitted Senior Debt Hedging Instruments but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code.

"*Senior Facilities Debt Service Reserve Account*" is the account described in Section 4.3(a)(viii) (*Accounts*) of the Common Security and Account Agreement.

"*Senior Facilities Debt Service Reserve Amount*" means as of any date (x) on and after the Project Phase 1 Completion Date, an amount necessary to pay Facility Debt Obligations projected to be due and payable on the next two (in the case of quarterly Payment Dates) or one (in the case of semi-annual Payment Dates) Payment Dates (assuming that no Event of Default will occur during such period) taking into account, with respect to interest, the amount of interest that would accrue on the aggregate principal amount of the Tranche 1 Term Loans outstanding for the covered six month period and only such interest amount after giving effect to any Permitted Hedging Instrument in respect of interest rates then in effect *plus* (y) on and after the Project Phase 2 Completion Date, an amount necessary to pay Facility Debt Obligations projected to be due and payable on the next two (in the case of quarterly Payment Dates) or one (in the case of semi-annual Payment Dates) Payment Dates (assuming that no Event of Default will occur during such period) taking into account, with respect to interest, the amount of interest that would accrue on the aggregate principal amount of Tranche 2 Term Loans outstanding for the covered six month period and only such interest amount after giving effect to any Permitted Hedging Instrument in respect of interest rates then in effect; *provided* that, (a) the Facility Debt Obligations projected to be due and payable for purposes of this calculation shall not include (i)

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Working Capital Debt; (ii) any voluntary or mandatory prepayment; or (iii) Hedging Termination Amounts; or (iv) any Permitted Approved Expansion Debt until after "project completion date" in respect of such Permitted Approved Expansion; and (b) for purposes of the calculation of the scheduled principal payments in respect of any Senior Debt, any final balloon payment in respect of such Senior Debt shall not be taken into account and instead only the equivalent of the principal payment on the immediately preceding Payment Date for payment of principal prior to such balloon payment shall be taken into account.

"*Senior Managing Agent*" has the meaning given in Exhibit A (*Definitions*) to the Credit Facility Agreement.

"*Senior Note Disbursement Accounts*" has the meaning given in Section 4.3(a)(ii) (*Accounts*) of the Common Security and Account Agreement.

"*Senior Noteholder*" means any holder of Senior Notes (or lenders in the case of a "term loan B" financing that the Borrower has elected to be treated as an Indenture).

"*Senior Notes*" means the notes to be issued (or facility agreement to be entered into in the case of a "term loan B" financing that the Borrower has elected to be treated as an Indenture) pursuant to any Indenture.

"*Service Agreements*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Secondment Agreement, dated as of the Initial Closing Date, between the Borrower and the Sponsor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Secondment Agreement, dated as of the Initial Closing Date, between the Procurement Company and the Sponsor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Agreement for Tug Services, dated as of the Initial Closing Date, between the Borrower and CP2 Tug Services, LLC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Services Agreement, dated as of the Initial Closing Date, between Pipeline Operator and the Manager;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Services Agreement, dated as of the Initial Closing Date, between CP2 Tug Services, LLC and the Manager;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Services Agreement, dated as of the Initial Closing Date, between Operator and the Manager;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)Amended and Restated Operation and Maintenance Agreement, dated as of the Upsize Closing Date, between the Borrower and Operator;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)Pipeline Operation and Maintenance Agreement, dated as of the Initial Closing Date, between the Pipeline Company and Pipeline Operator;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Administrative Services Agreement, dated as of the Initial Closing Date, between the Borrower and the Manager;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)Administrative Services Agreement, dated as of the Initial Closing Date, between the Pipeline Company and the Manager;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)Administrative Services Agreement, dated as the Initial Closing Date, between the Procurement Company and the Manager;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)the BHES LTSA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)the Field Services Agreement No. 10918, dated as of July 17, 2025, between the Procurement Company and BHES, as supplemented by Notice to Proceed No. 1, dated as of August 26, 2025, Notice to Proceed No. 2, dated as of December 23, 2025 and Notice to Proceed No. 3, dated as of December 23, 2025; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)the UOP TASA.

"*SIGTTO*" has the meaning given in this Section 1.3 of Schedule A (*Common Definitions and Rules of Interpretation* – *Definitions*) within the definition of International LNG Terminal Standards.

"*Site*" means, collectively, each parcel or tract of land upon which any portion of the Project Facilities are or will be located.

"*Sizing Case DSCR*" means at least 1.40:1.0 (on a blended basis) using (a) 1.30:1.0 sizing criteria for the projected Cash Flows derived from the fixed price component under each of the 1.30x Sizing LNG SPAs, (b) a 1.70:1.0 sizing criteria for the projected Cash Flows derived from the fixed price component under each of the 1.70x Sizing LNG SPAs and (c) a 1.40 to 1.0 sizing criteria for projected Cash Flows derived from firm natural gas transportation arrangements that can be remarketed in a manner consistent with the Base Case Forecast delivered on the Upsize Closing Date.

"*SOFR*" has the meaning given in the Credit Facility Agreement.

"*Solvent*" means, with respect to any Person as of the date of any determination, that on such date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the fair valuation of the assets of such Person, on a consolidated basis, is greater than the liabilities of such Person on a consolidated basis, including contingent liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the present fair saleable value of the assets of such Person, on a consolidated basis, is at least the amount that will be required to pay the probable liability, on a consolidated basis, of such Person on its debts as they become absolute and matured;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)such Person is able to pay its debts and other liabilities, contingent obligations, and other commitments as they become absolute and matured in the normal course of business; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person's assets would constitute unreasonably small capital after giving due consideration to current and anticipated future business conduct.

In computing the amount of contingent liabilities at any time, such liabilities shall be computed at the amount which, in light of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.

"*Sponsor*" means Venture Global LNG, Inc., a corporation organized under the laws of the State of Delaware.

"*Sponsor Intercompany Loan*" means that certain Intercompany Loan Agreement, dated as of December 28, 2023, between the Borrower and the Sponsor as amended by the First Amendment to the Intercompany Loan Agreement, dated as of December 11, 2024.

"*SSH*" means State Service Holdings, LLC.

"*SSH Agreement*" that certain Fabrication and Assembly Agreement (Phase 1), dated as of November 4, 2024, between SSH and the Borrower, as amended by Change Order No. 1, dated as of January 20, 2026 and Change Order No. 2, dated as of February 27, 2026, and as supplemented by Limited Notice to Proceed No. 1, dated as of November 13, 2024, Limited Notice to Proceed No. 2, dated as of January 2, 2025, Limited Notice to Proceed No. 3, dated as of May 23, 2025, and Notice to Proceed, dated as of August 18, 2025.

"*State of Delaware,*" "*Delaware*" or "*DE*" means the State of Delaware in the United States.

"*State of New York,*" "*New York*" or "*NY*" means the State of New York in the United States.

"*Storage Tanks EPC Contract*" means that certain LNG Storage Tanks Engineering, Procurement and Construction Agreement (Phase I), dated as of June 22, 2023, by and between the Borrower and CB&I, as amended by Change Order No. 1, dated as of December 21, 2023, Change Order No. 2, dated as of April 30, 2024, Change Order No. 3, dated as of May 29, 2024, Change Order No. 4, dated as of March 21, 2025, Change Order No. 5, dated as of July 17, 2025, Amendment No. 1 to LNG Storage Tanks Engineering, Procurement and Construction Agreement (Phase I), dated as of December 20, 2023, Amendment No. 2 to LNG Storage Tanks Engineering,

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Procurement and Construction Agreement (Phase I), dated as of June 4, 2024, Amendment No. 3 to LNG Storage Tanks Engineering, Procurement and Construction Agreement (Phase I), dated as of March 21, 2025, Amendment No. 4 to LNG Storage Tanks Engineering, Procurement and Construction Agreement (Phase 1), dated as of July 14, 2025, in each case by and between the Borrower and CB&I, and as supplemented by Anticipated Limited Notice to Proceed, dated as of June 23, 2023, Limited Notice to Proceed No. 2, dated as of November 1, 2023, Amendment No. 1 to Limited Notice to Proceed No. 2, dated as of December 20, 2023, Amendment No. 2 to Limited Notice to Proceed No. 2, dated as of April 30, 2024, and Amendment No. 3 to Limited Notice to Proceed No. 2, dated as of April 2, 2025, in each case by and between the Borrower and CB&I, and 30 Days' Notice Prior to Issuance of Notice to Proceed, dated as of May 29, 2025 and Notice to Proceed, dated as of June 27, 2025, in each case from the Borrower to CB&I.

"*Storage Tanks EPC Contract (Phase 2)*" means that certain LNG Storage Tanks Engineering, Procurement and Construction Agreement (Phase 2), dated as of July 7, 2025, by and between the Borrower (as assignee of CP2 Development Co., LLC pursuant to that Assignment and Assumption Agreement, dated on or about the Upsize Closing Date, as assignee of the Borrower pursuant to that Assignment and Assumption Agreement, dated as of October 13, 2025) and CB&I Storage Tank Solutions LLC, as amended by Change Order No. 1, dated as of August 22, 2025, and as supplemented by Anticipated Limited Notice to Proceed, dated as of July 10, 2025, and Notice to Proceed, dated as of October 16, 2025.

"*Storm Surge Wall Construction Agreement*" means that certain Construction Agreement relating to a Storm Surge Wall, dated as of September 23, 2024, by and between the Borrower and Cajun, as supplemented by Notice to Proceed, dated as of June 6, 2025, and as modified by Change Order No. 1, dated as of August 4, 2025, Change Order No. 2, dated as of January 8, 2026 and Change Order No. 3, dated as of February 9, 2026.

"*Subordinated Debt*" means any unsecured debt or obligation that ranks subordinate in right of payment to the Senior Debt Obligations, on the basis set forth in a subordination agreement in the form set forth in Schedule S – 1 (*Form of General Subordination Agreement*) or Schedule S – 2 (*Form of Obligor Subordination Agreement*) to the Common Terms Agreement, as the case may be.

"*Subsequent Material Project Agreements*" means any contract, agreement, letter agreement or other instrument (other than a Real Property Document) to which an Obligor becomes a party after the Initial Closing Date that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)replaces or substitutes for an existing Material Project Agreement (including a Replacement Material Contract);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)contains obligations and liabilities equal to or in excess of $100 million per year and a committed term of at least eight years, with respect to any other contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)is a guarantee provided in favor of any Obligor by a guarantor or a counterparty under a Subsequent Material Project Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)replaces or substitutes any existing agreement described in clauses (a) through (c) above,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)*provided* that, any contract, agreement, letter agreement or other instrument relating to the Project Phase 3A Development, the Project Phase 3B Development or any Permitted Internal Expansion that is permitted under Section 7.2 (*Expansion Contracts*) shall not constitute a Subsequent Material Project Agreement so long as (i) the Obligors do not have any material obligations pursuant to such project documents until after Phase 3A FID has occurred (with respect to project documents in respect of the Project Phase 3A Development), Phase 3B FID has occurred (with respect to project documents in respect of the Project Phase 3B Development), or the Permitted Internal Expansion FID Conditions Satisfaction Date (with respect to project documents in respect of any Permitted Internal Expansion) applicable to such Permitted Internal Expansion, in each case, as applicable, or (ii) any material obligations that cannot be suspended by the Obligors under the terms of such contract or agreement are paid (and reserved for in advance) with the Expansion Funding Sources; *provided further* that, in each case, any such project document shall become a Subsequent Material Project Agreement upon the occurrence of Phase 3A FID, Phase 3B FID or Permitted Internal Expansion FID Conditions Satisfaction Date, as applicable, if (x) such project document would otherwise constitute a Subsequent Material Project Agreement pursuant to clauses (a) through (d) above or (y) in the case of any such project document that is an LNG SPA in respect of a Permitted Approved Expansion, Permitted Approved Expansion Debt has been incurred in respect of such Permitted Approved Expansion and such LNG SPA is a Required LNG SPA.

For the purposes of this definition, any series of related transactions shall be considered as one transaction, and all contracts, agreements, letter agreements or other instruments in respect of such transactions shall be considered as one contract, agreement, letter agreement or other instrument, as applicable. Subsequent Material Project Agreements that are executed in a form previously attached to a Material Project Agreement (or Subsequent Material Project Agreement approved by the Intercreditor Agent (acting at the direction of the Requisite Intercreditor Parties)) will not be subject to the prior Intercreditor Agent approval requirements set forth in Section 12.5 (*Material Project Agreements*) of the Common Terms Agreement; *provided* that, the notice requirements in Section 10.3(o) and 10.3(p) (*Notices*) shall apply to such Subsequent Material Project Agreements.

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"*Subsidiary*" means, for any Person, any corporation, partnership, joint venture, limited liability company or other entity of which at least a majority of the securities or other ownership interests having by their terms ordinary voting power to elect a majority of the board of directors or other Persons performing similar functions of such corporation, partnership or other entity (irrespective of whether or not at the time securities or other ownership interests of any other class or classes of such corporation, partnership or other entity shall have or might have voting power by reason of the happening of any contingency) is at the time directly or indirectly owned or Controlled by such Person or one or more Subsidiaries of such Person or by such Person and one or more Subsidiaries of such Person and "*Subsidiaries*" shall have a corresponding meaning.

"*Sunland*" means Sunland Construction, Inc.

"*Super-Majority Facility Lenders*" means Facility Lenders whose share in the outstanding principal amount of the Senior Debt Obligations and whose undrawn Senior Debt Commitments are more than 66.7% of all of the outstanding principal amount of the Senior Debt Obligations and all the undrawn Senior Debt Commitments of all the Facility Lenders.

"*Supplemental Debt*" has the meaning given in Section 6.6(a) (*Supplemental Debt*) of the Common Terms Agreement.

"*Supplemental Quantity*" means (i) the aggregate amount of capacity then-authorized for the Project pursuant to a satisfied DOE Authorization Condition *minus* (ii) the aggregate ACQ under the Required LNG SPAs or any other Qualifying LNG SPA then in effect for the Development.

"*Supplied Reporting Data*" has the meaning given in Section 10.4(a)(i)(E) (*Construction Reports*).

"*Supported QFC*" has the meaning given in Section 2.8 (*Acknowledgement Regarding Any Supported QFCs*) of the Common Terms Agreement.

"*Survey*" means a survey of the LNG Facility Site comprising the site of the Phase 1 LNG Facility and the Phase 2 LNG Facility, dated not more than 30 days prior to the Initial Closing Date and certified to Borrower, the Intercreditor Agent and the Title Company or a Zip Map, ExpressMap or similar type of aerial map (or any combination thereof), showing a state of facts reasonably acceptable to the Intercreditor Agent (including (i) the location of such LNG Facility Site, (ii) all easements benefiting such LNG Facility Site (or constituting a portion of such LNG Facility Site), all easements affecting such LNG Facility Site and all rights of way and existing utility lines referred to in the Title Policy or disclosed by a physical inspection of such LNG Facility Site (which shall in no event include the CP Express Pipeline), (iii) any established building lines, whether by zoning or agreement, and areas affected by restrictive covenants affecting such LNG Facility Site, (iv) adequate access to the portion of such LNG Facility Site, (v) encroachments, if any, and the extent thereof in

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feet and inches upon such LNG Facility Site and onto property adjacent to such LNG Facility Site, and (vi) any improvements, whether existing or to the extent constructed, and the relationship of such improvements by distances to the perimeter of such LNG Facility Site, established building lines and street lines), which survey shall be prepared by an independent surveyor licensed in the State of Louisiana in compliance with the 2021 ALTA/NSPS Minimum Standard Detail Requirements for ALTA/NSPS Surveys, satisfying those "Table A" standards reasonably required by the Collateral Agent, and otherwise sufficient for the Title Company to eliminate the standard survey exception from the Title Policy and to issue the endorsements set forth on Schedule AA (*Survey Endorsements*).

"*Swap Obligation*" means any obligation to pay or perform under any agreement, contract or transaction that constitutes a "swap" within the meaning of Section 1a(47) of the Commodity Exchange Act or the regulations thereunder.

"*Swing Swap*" means an contract which entitles the buyer of the contract to pay a fixed price for natural gas and the seller to pay the gas daily average at a defined location for a defined period of time. The Swing Swap is settled financially, via exchange of cash payment each day as the gas daily average is settled, rather than physically.

"*Syndication Agent Fee Letter*" means the fee letter entered into on the Initial Closing Date between the Borrower, the Guarantors, Banco Santander, S.A., New York Branch and ING Capital LLC, in respect of each of their services to be performed as syndication agents.

"*Taxes*" means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges, including any interest, additions to tax or penalties applicable thereto, imposed by any Governmental Authority or the government of any foreign jurisdiction, or of any political subdivision thereof, including any and all agencies, branches, departments and administrative and other subdivisions thereof, and any payments in lieu of the foregoing.

"*TBtu*" means one trillion Btus.

"*Term Lender*" has the meaning given to it in the Credit Facility Agreement.

"*Term Loan Availability Period*" has the meaning given to it in the Credit Facility Agreement.

"*Term Loan Commitment*" has the meaning given in Exhibit A (*Definitions*) to the Credit Facility Agreement.

"*Term Loans*" has the meaning given in the Credit Facility Agreement.

"*Third Marine Terminal Allowance Sublimit*" means $[\*\*\*].

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"*Third Party Account Bank*" has the meaning given in Section 4.11(a) (*Third Party Investment Account*) of the Common Security and Account Agreement.

"*Third Party Investment Account*" has the meaning given in Section 4.11(a) (*Third Party Investment Account*) of the Common Security and Account Agreement.

"*Title Company*" means Fidelity National Title Insurance Company, First American Title Insurance Company, Stewart Title Guaranty Company and Old Republic National Title Insurance Company.

"*Title Policy*" means one or more fully paid ALTA Loan Policies of Title Insurance (Form 2021) as adopted for use in the State of Louisiana, or a *pro forma* policy prepared prior to payment for issuance and delivery of the policy, with completed Schedules A and B, showing the proposed insured, the amount of insurance, the exceptions that are proposed to be placed in the final policies to be issued, and the name of the title insurance company and title insurance agent, if any, including all amendments and endorsements thereto, issued by the Title Company in favor of the Collateral Agent, with such coinsurers or reinsurers as may be reasonably required by the Collateral Agent, with such policies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)in the case of the Title Policy delivered in connection with the Initial Closing Date, in an amount equal to $8,363,320,660;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)in the case of a Title Policy obtained in connection with an acquisition of Real Estate after the Initial Closing Date, to the extent that the Obligors are required to obtain such policy in respect of such Real Estate acquisition pursuant to the Common Terms Agreement or Common Security and Account Agreement, then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)&nbsp;&nbsp;&nbsp;&nbsp;in the case such acquisition of Real Estate is for purposes of an Expansion or Development Expenditure to be funded by Loans incurred by the Obligors, the Obligors shall either amend the then-existing Title Policy, replace the then-existing Title Policy with a new Title Policy or, to the extent a tie-in endorsement to the then existing Title Policy obtained in connection with incurrence of Loans is available and obtained, obtain a separate incremental Title Policy covering the acquired Real Estate; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y)&nbsp;&nbsp;&nbsp;&nbsp;in the case of an acquisition of any Real Estate by the Obligors other than in the circumstances described in clause (x) above, the Obligors may (but shall not be required to) amend the then-existing Title Policy or replace the then-existing Title Policy with a new Title Policy in an amount consistent with the terms in clause (x) above or shall obtain a Title Policy covering only such acquired Real Estate in an amount not less than the fair market value, as reasonably determined by the Borrower, of such acquired Real Estate;

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in each case with respect to such acquired Real Estate, and in form or forms satisfactory to the Collateral Agent in all respects, with such policies when taken together insuring as of the date of the recording of the applicable mortgage documents required under Section 3.2(e) (*Security Interests to be Granted by the Obligors – Real Property*) of the Common Security and Account Agreement creating a Lien on the estates and interests in the Real Estate comprising the LNG Facility, that such mortgage is a first and prior Lien on the estates and interests in the real property comprising the LNG Facility (to the extent the mortgage property consists of interests insurable under the terms of such form of title policy) free and clear of all Liens on and defects of title other than Permitted Liens, and containing or providing for, among other items:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)no survey exceptions other than Permitted Liens and those approved by the Collateral Agent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)such other endorsements and affirmative assurances (including, to the extent available on commercially reasonable terms, materialmen's and mechanic's lien coverage) as the Collateral Agent shall reasonably require and which the title insurers are permitted and willing to issue pursuant to applicable Louisiana Government Rules.

"*Tranche*" has the meaning assigned to such term in the Credit Facility Agreement.

"*Tranche 1 Commitment*" has the meaning assigned to such term in the Credit Facility Agreement.

"*Tranche 1 Documentation Bank*" has the meaning set forth in the Credit Facility Agreement.

"*Tranche 1 Facilities*" has the meaning assigned to such term in the Credit Facility Agreement.

"*Tranche 1 Lender*" has the meaning assigned to such term in the Credit Facility Agreement.

"*Tranche 1 Term Loan*" has the meaning assigned to such term in the Credit Facility Agreement.

"*Tranche 1 Term Loan Commitment*" has the meaning assigned to such term in the Credit Facility Agreement.

"*Tranche 1 Term Loan Facility*" has the meaning assigned to such term in the Credit Facility Agreement.

"*Tranche 1 Working Capital Facility*" has the meaning assigned to such term in the Credit Facility Agreement.

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"*Tranche 1 Working Capital Loan*" has the meaning assigned to such term in the Credit Facility Agreement.

"*Tranche 2 Commitment*" has the meaning assigned to such term in the Credit Facility Agreement.

"*Tranche 2 Facilities*" has the meaning assigned to such term in the Credit Facility Agreement.

"*Tranche 2 Lender*" has the meaning assigned to such term in the Credit Facility Agreement.

"*Tranche 2 Senior Debt*" means the Senior Debt Obligations constituting the Tranche 2 Facilities incurred under the Credit Facility Agreement as of the Upsize Closing Date (for the avoidance of doubt, as of the Upsize Closing Date, the principal amount of which is $8,600,000,000).

"*Tranche 2 Term Loan*" has the meaning assigned to such term in the Credit Facility Agreement.

"*Tranche 2 Term Loan Commitment*" has the meaning assigned to such term in the Credit Facility Agreement.

"*Tranche 2 Working Capital Loan*" has the meaning assigned to such term in the Credit Facility Agreement.

"*Trade Secret Licenses*" means any and all agreements providing for the granting of any right in or to Trade Secrets (whether an Obligor is licensee or licensor thereunder) or otherwise providing for a covenant not to sue for misappropriation or other violation of a Trade Secret.

"*Trade Secrets*" means all trade secrets and all other confidential or proprietary information and know-how, manufacturing and production processes and techniques, inventions, research and development information, technical data, financial, marketing and business data, pricing and cost information, business and marketing plans, and customer and supplier lists and information whether or not the foregoing has been reduced to a writing or other tangible form, including all documents and things embodying, incorporating, or referring in any way to the foregoing, and with respect to any and all of the foregoing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)all rights to sue or otherwise recover for any past, present and future misappropriation or other violation thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)all proceeds of the foregoing, including license fees, royalties, income, payments, claims, damages, and proceeds of suit now or hereafter due and/or payable with respect thereto; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)all other rights of any kind accruing thereunder or pertaining thereto throughout the world.

"*Trademark Licenses*" means any and all agreements, licenses and covenants providing for the granting of any right in or to any Trademark or otherwise providing for a covenant not to sue for infringement, dilution or other violation of any Trademark or permitting coexistence with respect to a Trademark (whether an Obligor is licensee or licensor thereunder).

"*Trademarks*" means all United States, foreign and multinational trademarks, trade names, trade styles, trade dress, corporate names, company names, business names, fictitious business names, Internet domain names, service marks, certification marks, collective marks, logos, other source or business identifiers, designs and general intangibles of a like nature, whether or not registered, and with respect to any and all of the foregoing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)all registrations and applications therefor including the registrations and applications required to be listed in Schedule J (*Intellectual Property*) to the Common Security and Account Agreement under the heading "Trademarks" (as such schedule may be amended from time to time);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)all extensions and renewals of any of the foregoing and amendments thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)all of the goodwill of the business connected with the use of and symbolized by any of the foregoing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)all rights to sue or otherwise recover for any past, present and future infringement, dilution or other violation of any of the foregoing or for any injury to the related goodwill;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)all proceeds of the foregoing, including license fees, royalties, income, payments, claims, damages, and proceeds of suit now or hereafter due and/or payable with respect thereto; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)all other rights of any kind accruing thereunder or pertaining thereto throughout the world.

"*Transaction Documents*" means, collectively, the Finance Documents and the Material Project Agreements.

"*Transfers*" has the meaning given in the relevant Facility Agreement.

"*Troy*" means Troy Construction, LLC.

"*UCC*" means the Uniform Commercial Code (or any similar or equivalent legislation) as in effect from time to time in any applicable jurisdiction.

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"*UK Financial Institution*" means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

"*UK Resolution Authority*" means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.

"*United States*" or "*US*" means the United States of America.

"*Unmatured Event of Default*" means an Unmatured Loan Facility Event of Default, Unmatured Indenture Event of Default or a comparable unmatured event of default under any other Senior Debt Instrument entered into after the date of the Common Security and Account Agreement.

"*Unmatured Indenture Event of Default*" means an event that, with the giving of notice, lapse of time or making of a determination, would constitute an Indenture Event of Default.

"*Unmatured LNG SPA Prepayment Event*" means an event that, with the giving of notice or lapse of a cure period, would become an LNG SPA Prepayment Event.

"*Unmatured Loan Facility Event of Default*" means a misrepresentation, breach of undertaking or other event or condition that has occurred and that, with the giving of notice or lapse of time or making of a determination, would constitute a Loan Facility Event of Default.

"*UOP*" means UOP LLC.

"*UOP Pretreatment Contracts"* means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)that certain Engineering Agreement (CP2 LNG Phase 1), dated as of January 13, 2023, by and between the Borrower and UOP, as modified by Change Order No. 1, dated as of October 5, 2023, Change Order No. 2, dated as of February 6, 2024, Change Order No. 3, dated as of November 1, 2024, Change Order No. 4, dated as of June 8, 2025, and Amendment No. 1 to Engineering Agreement (CP2 LNG Phase 1), dated as of November 29, 2023;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)that certain Amended and Restated Natural Gas Integrated Pretreatment Block License Agreement (CP2 LNG Phase 1), dated as of April 3, 2025, by and between the Borrower and UOP; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)that certain Amended and Restated Natural Gas Integrated Pretreatment Block License Agreement (CP2 LNG Phase 2), dated as of April 3, 2025, by and between the Borrower and UOP.

"*UOP TASA*" means the Technical Advisor Services Agreement No. 11069 (Phase 1), dated as of February 2, 2026, between the Borrower and UOP.

"*Updated Contingency Amount*" means, at the time of any Restricted Payment to be made pursuant to Section 11.3 (*Pre-Completion Revenue Restricted Payments*), (a) prior to the Project Phase 1 Completion Date, the contingency recommended by the Independent Engineer at the time of such Restricted Payment, taking account of the then-current status of construction of the Project, the then current expected Project Phase 1 Completion Date and the then current expected Project Phase 2 Completion Date, and (b) on and after the Project Phase 1 Completion Date, the contingency recommended by the Independent Engineer at the time of such Restricted Payment, taking account of the then-current status of construction of the Project and the then current expected Project Phase 2 Completion Date.

"*Upsize Closing*" means the satisfaction or waiver of all the conditions precedent set forth in Section 4.2 (*Conditions to Upsize Closing Date*) of the Common Terms Agreement, with respect to the Tranche 2 Senior Debt.

"*Upsize Closing Date*" means the date on which the conditions precedent set forth in Section 4.2 (*Conditions to Upsize Closing Date*) of the Common Terms Agreement have been satisfied or waived. For the avoidance of doubt, the Upsize Closing Date is March 13, 2026.

"*Upsize Closing Date Conditions Certificate*" has the meaning given in Section 4.5(b)(i) (*Satisfaction of Conditions*) of the Common Terms Agreement.

"*Upsize Closing Date Prior Phase 2 Equity Contributions*" means Project Costs for the Project Phase 2 Development in an amount at least equal to $1,596,494,689 that have been paid by the Sponsor, through one or more of its subsidiaries, on or prior to the Upsize Closing Date.

"*Upsize Closing Notice*" has the meaning given in Section 4.5(b)(i) (*Satisfaction of Conditions*) of the Common Terms Agreement.

"*Upsize Commitment Letter*" means that certain Commitment Letter, dated as of March 5, 2026, by and among, the Obligors and the Banks (as defined therein) party thereto.

"*Upsize Permitted Senior Debt Hedging Instrument*" means each Permitted Senior Debt Hedging Instrument identified as such in Schedule C (*List of Senior Creditors, Senior Creditor Group Representatives, Senior Debt Commitments / Obligations, Senior Debt Instruments / Permitted Senior Debt Hedging Instruments, Addresses for* 

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*Notice and Facility Lenders Facility Office*) to the Common Security and Account Agreement as of the Upsize Closing Date.

"*Upsized Senior Debt*" means the Senior Debt Obligations committed or owing under the Credit Facility Agreement as of the Upsize Closing Date.

"*Upsized Senior Debt Instrument*" means each Senior Debt Instrument identified as such in Schedule C (*List of Senior Creditors, Senior Creditor Group Representatives, Senior Debt Commitments / Obligations, Senior Debt Instruments / Permitted Senior Debt Hedging Instruments, Addresses for Notice and Facility Lenders Facility Office*) to the Common Security and Account Agreement as of the Upsize Closing Date.

"*Upsized Senior Debt Obligations*" means the Senior Debt Obligations under the Upsized Senior Debt Instruments.

"*US Dollars*" and "*$*" means the currency of the United States.

"*US Tax Compliance Certificate*" has the meaning given in Section 21.5(b)(ii)(C) (*Status of Facility Lenders and Facility Agents*) of the Common Terms Agreement.

"*USA Patriot Act*" means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, as amended from time to time.

"*USPTO*" means the United States Patent and Trademark Office.

"*U.S. Special Resolution Regimes*" has the meaning given in Section 2.8 (*Acknowledgement Regarding Any Supported QFCs*) of the Common Terms Agreement.

"*VGC Contingent LNG SPA*" means the LNG Sales and Purchase Agreement (FOB) (Phase 2 Contingent), dated as of the Upsize Closing Date, between Venture Global Commodities, LLC and the Borrower.

"*VGC Nameplate LNG SPA*" means the LNG Sales and Purchase Agreement (FOB) (Phase 2 Foundation), dated as of the Upsize Closing Date, between Venture Global Commodities, LLC and the Borrower.

"*VGC Nameplate LNG SPA Guaranty*" means the Guarantee, dated as of the Upsize Closing Date, by the Sponsor in favor of the Borrower relating to the VGC Nameplate LNG SPA.

"*VGC Nameplate LNG SPA Replacement Conditions*" means [\*\*\*].

"*Withdrawal and Transfer Certificate*" means a certificate, in the form attached as Schedule K (*Form of Withdrawal and Transfer Certificate*) to the Common Security and Account Agreement.

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"*Withdrawal Liability*" means any liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Sections 4203 and 4205 of ERISA.

"*Working Capital Commitment*" has the meaning given in the Credit Facility Agreement.

"*Working Capital Debt*" has the meaning given in Section 6.2 (*Working Capital Debt*) of the Common Terms Agreement.

"*Working Capital Facility*" has the meaning given in the Credit Facility Agreement.

"*Working Capital Lenders*" has the meaning given in the Credit Facility Agreement.

"*Working Capital Loan Availability Period*" has the meaning given in the Credit Facility Agreement.

"*Working Capital Loans*" has the meaning given in the Credit Facility Agreement.

"*Working Capital Utilization*" has the meaning given in the Credit Facility Agreement.

"*Write-Down and Conversion Powers*" means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.

<u>Louisiana Defined Terms</u>. As used in the Common Terms Agreement, the Common Security and Account Agreement or another Finance Document, but without intending to alter or derogate from the choice of applicable law set forth in Section 23.12 of the Common Terms Agreement or in another provision of a Finance Document, the following terms have the following meanings: "real property" and "real estate" shall include immovable property; "fee simple" shall include full ownership; "personal property" shall include movable property; "tangible property" shall include corporeal property; "intangible property" shall include incorporeal property; "easements" shall include servitudes; "buildings" shall be deemed to include other constructions; "county" shall include a parish; the term "joint and several liability" and words of

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similar import shall be deemed to include *in solido* liability; and references to the UCC or the Uniform Commercial Code shall include the Louisiana Commercial Laws, La. R.S. §§ 10:1-101 *et seq*.

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**Schedule B-1**

**Disbursement Request Form (Term Loans)**

[Omitted]

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**Schedule B-2**

**Disbursement Request Form (Working Capital Loans)**

[Omitted]

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**Schedule B-3**

**Issuance Request Form (Letters of Credit)**

[Omitted]

&nbsp;&nbsp;&nbsp;&nbsp;B-3-1&nbsp;&nbsp;&nbsp;&nbsp;

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

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**Schedule C-1**

**Table of Requirements for Legal Opinions – Conditions to Initial Closing**

[Omitted]

C-1-1

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

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**Schedule C-2**

**Table of Requirements for Legal Opinions – Conditions to Upsize Closing**

[Omitted]

C-3-1

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule C-3**

**Table of Requirements for Legal Opinions – Conditions to permitted Approved expansion**

[Omitted]

C-3-2

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule D-1**

**Form of Construction Budget** 

[Omitted]

&nbsp;&nbsp;&nbsp;&nbsp;D-1-1&nbsp;&nbsp;&nbsp;&nbsp;

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

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**Schedule D-2**

**Form of Construction Schedule**

[Omitted]

&nbsp;&nbsp;&nbsp;&nbsp;D-2-1&nbsp;&nbsp;&nbsp;&nbsp;

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule E**

**Know Your Customer Documentation**

[Omitted]

&nbsp;&nbsp;&nbsp;&nbsp;E-1&nbsp;&nbsp;&nbsp;&nbsp;

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

&nbsp;&nbsp;&nbsp;&nbsp;

E-2&nbsp;&nbsp;&nbsp;&nbsp;

*CP2 – Amended and Restated Common Terms Agreement Schedules*

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#102287735v4&nbsp;&nbsp;&nbsp;&nbsp;

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**Schedule F**

**Material Permits**

[Omitted]

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule G**

**Disclosure Schedule**

[Omitted]

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule H**

**Material Project Agreements and Certain other Contracts**

[Omitted]

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule I**

**Change Orders**

[Omitted]

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule J**

**Transactions With Affiliates**

[Omitted]

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

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**Schedule K**

**[Reserved]**

*CP2 – Amended and Restated Common Terms Agreement Schedules*

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#102287735v4&nbsp;&nbsp;&nbsp;&nbsp;

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**Schedule L**

**Schedule of Minimum Insurance**

[Omitted]

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule M**

**Independent Insurance Experts**

[Omitted]

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule N**

**Senior Creditors' Advisors and Consultants**

[Omitted]

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule O-1**

**Phase 1 Lenders' Reliability Test Criteria**

[Omitted] 

O-1-1

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule O-2**

**Lenders' Reliability Test Criteria**

[Omitted]

O-2-1

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule P-1**

**Replacement Facility Agent Accession Agreement**

[Omitted]

P-1-1

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule P-2**

**New Facility Agent Accession Agreement (additional Senior Debt)**

[Omitted]

P-2-1

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule Q-1**

**Addresses For Notices to Obligors**

[Omitted]

Q-1-1

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule Q-2**

**Addresses For Notices To Facility Agents and Facility Lenders**

[Omitted]

Q-2-1

*CP2 – Amended and Restated Common Terms Agreement Schedules*

#102287735v4&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule R**

**Base Case Forecast**

[Omitted]

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule S-1**

**Form of General Subordination Agreement**

[Omitted]

*.*

S-1-1

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule S-2**

**Form of Obligor Subordination Agreement**

[Omitted]

*.*

S-2-1

*CP2 – Amended and Restated Common Terms Agreement Schedules*

#102287735v4&nbsp;&nbsp;&nbsp;&nbsp;

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**Schedule T**

**Knowledge Parties**

**(Definition of "Knowledge" – Schedule A to the Common Terms Agreement)**

---

| | |
|:---|:---|
| ***<u>Name</u>*** | ***<u>Title</u>*** |
| ***Michael Sabel*** | ***Chief Executive Officer of the Sponsor*** |
| ***Jonathan Thayer*** | ***Chief Financial Officer*** |
| ***Keith Larson*** | ***General Counsel*** |
| ***Fory Musser*** | ***Senior Vice President, Development*** |
| ***Brian Cothran*** | ***Chief Operations Officer*** |
| ***Leah Woodward*** | ***Treasurer*** |

---

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

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**Schedule U**

**Real Property Documents**

**(Definition of "Real Property Documents" – Schedule A to the Common Terms Agreement)**

(1)Ground Lease Agreement by and between JADP Venture, LLC and the Borrower dated December 12, 2023, as evidenced by that certain Notice of Ground Lease by and between JADP Venture, LLC and the Borrower dated as of December 12, 2023, and recorded December 13, 2023, as Conveyance Instrument No. 356552, as evidenced by that certain First Amendment to Notice of Ground Lease Agreement dated July 17, 2025, recorded July 21, 2025 as Conveyance Instrument No. 360631, all in the official records of Cameron Parish, Louisiana. **(PARCEL C-2)**

(2)Ground Lease Agreement by Henry Venture, LLC, a Louisiana limited liability company, as lessor, to the Borrower (as assignee of CP Marine Offloading LLC, a Delaware limited liability company, pursuant to that certain Assignment of Ground Lease Agreement by and between CP Marine Offloading, LLC, a Delaware limited liability company, (as assignee of Venture Global Calcasieu Pass, LLC, a Delaware limited liability company, pursuant to that certain Assignment of Ground Lease Agreement by and between Venture Global Calcasieu Pass, LLC, a Delaware limited liability company, and CP Marine Offloading, LLC, a Delaware limited liability company, dated as of March 20, 2019, and recorded March 21, 2019, as Conveyance Instrument No. 345015) and the Borrower dated as of November 17, 2023, and recorded November 20, 2023, as Conveyance Instrument No. 356358) dated as of March 11, 2019, as evidenced by that certain Notice of Ground Lease with Right of First Refusal by and between Henry Venture, LLC, a Louisiana limited liability company, and the Borrower (as assignee of CP Marine Offloading LLC, a Delaware limited liability company, pursuant to that certain Assignment of Ground Lease Agreement by and between CP Marine Offloading, LLC, a Delaware limited liability company (as assignee of Venture Global Calcasieu Pass, LLC, a Delaware limited liability company, pursuant to that certain Assignment of Ground Lease Agreement by and between Venture Global Calcasieu Pass, LLC, a Delaware limited liability company, and CP Marine Offloading, LLC, a Delaware limited liability company, dated as of March 20, 2019, and recorded March 21, 2019, as Conveyance Instrument No. 345015) and the Borrower dated as of November 17, 2023, and recorded November 20, 2023, as Conveyance Instrument No. 356358), as lessee, dated as of March 11, 2019, and recorded March 18, 2019, as File No. 344981, as evidenced by that certain First Amendment to Notice of Ground Lease Agreement with Right of First Refusal dated July 17, 2025, recorded July 21, 2025 as Instrument No. 360630, all in the official records of Cameron Parish, Louisiana. (**PARCELS D, E, AND F2**)

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

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(3)Servitude by and between Henry Venture, LLC and the Borrower dated as of December 18, 2023, and recorded December 21, 2023, as Conveyance Instrument No. 356623, as corrected by that certain Act of Correction by Henry Venture, LLC and the Borrower dated April 9, 2025, and recorded April 9, 2025, as Conveyance Instrument No. 359704, all in the official records of Cameron Parish, Louisiana. (**PARCELS I, K, AND A PORTION OF DAVIS ROAD ADJACENT THERETO**)

(4)Ground Lease Agreement by Wilma Davis Bride Family, LLC, a Louisiana limited liability company, as lessor, to Venture Global CP2 LNG, LLC, a Delaware limited liability company, as lessee, dated as of October 12, 2023, as evidenced by that certain Notice of Ground Lease Agreement by Wilma Davis Bride Family, LLC, a Louisiana limited liability company, to Venture Global CP2 LNG, LLC, a Delaware limited liability company, dated as of October 12, 2023, and recorded on October 12, 2023, as File No. 356114, as evidenced by that certain First Amendment to Notice of Ground Lease Agreement dated July 11, 2025, recorded July 11, 2025 as Conveyance Instrument No. 360548, all in the official records of Cameron Parish, Louisiana. (**PARCEL O**)

(5)Ground Lease Agreement by Ardoin Henry, LLC, a Louisiana limited liability company, as lessor, to Venture Global CP2 LNG, LLC, a Delaware limited liability company, as lessee, dated as of October 12, 2023, as evidenced by that certain Notice of Ground Lease Agreement by Ardoin Henry, LLC, a Louisiana limited liability company, to Venture Global CP2 LNG, LLC, a Delaware limited liability company, dated as of October 12, 2023, and recorded on October 12, 2023, as File No. 356115, as evidenced by that certain First Amendment to Notice of Ground Lease Agreement dated July 24, 2025, recorded July 24, 2025 as Conveyance Instrument No. 360675, all in the official records of Cameron Parish, Louisiana. (**PARCEL P**)

(6)Ground Lease Agreement by Miller Estate Leasing Company, LLC, a Louisiana limited liability company, as lessor, to Venture Global CP2 LNG, LLC, a Delaware limited liability company, as lessee, dated as of October 12, 2023, as evidenced by that certain Notice of Ground Lease Agreement by Miller Estate Leasing Company, LLC, a Louisiana limited liability company, to Venture Global CP2 LNG, LLC, a Delaware limited liability company, dated as of October 12, 2023, and recorded on October 13, 2023, as File No. 356120, as evidenced by that certain First Amendment to Notice of Ground Lease Agreement dated July 21, 2025, recorded July 21, 2025 as Instrument No. 360639, all in the official records of Cameron Parish, Louisiana. (**PARCELS R AND T**)

(7)Ground Lease Agreement by Cameron Land Ventures, LLC, a Delaware limited liability company, as lessor, to Venture Global CP2 LNG, LLC, a Delaware limited liability company, as lessee, dated as of September 29, 2023, as evidenced by that certain Notice of Ground Lease Agreement by Cameron Land Ventures, LLC, a Delaware limited liability company, to Venture Global CP2 LNG, LLC, a Delaware limited liability company, dated as of September 29, 2023, and recorded on September 28, 2023, as File

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

No. 3560111, as evidenced by that certain First Amendment to Notice of Ground Lease Agreement dated July 11, 2025, recorded July 11, 2025 as Instrument No. 360549, all in the official records of Cameron Parish, Louisiana. (**PARCEL S**)

(8)Ground Lease Agreement by Charlotte Ann Labove and Carlotta Ann Savoie, as lessors, to Venture Global CP2 LNG, LLC, a Delaware limited liability company, as lessee, dated as of October 12, 2023, as evidenced by that certain Notice of Ground Lease Agreement by Charlotte Ann Labove and Carlotta Ann Savoie to Venture Global CP2 LNG, LLC, a Delaware limited liability company, dated as of October 12, 2023, and recorded on October 13, 2023, as File No. 356121 and File No. 356117, as evidenced by that certain First Amendment to Notice of Ground Lease Agreement dated July 17, 2025, recorded July 21, 2025 as Conveyance Instrument No. 360629, all in the official records of Cameron Parish, Louisiana. (**PARCELS U AND V**)

(9)Ground Lease Agreement by Cameron Parish Port, Harbor and Terminal District, a political subdivision of the State of Louisiana, as lessor, to Venture Global CP2 LNG, LLC, a Delaware limited liability company, as lessee, dated as of October 24, 2023, as evidenced by that certain Notice of Ground Lease Agreement by Cameron Parish Port, Harbor and Terminal District, a political subdivision of the State of Louisiana, to Venture Global CP2 LNG, LLC, a Delaware limited liability company, dated as of October 24, 2023, and recorded on October 30, 2023, as File No. 356182, as effected by that certain Partial Assignment of Ground Lease Agreement, dated July 7, 2025, recorded July 8, 2025 as Instrument No. 360524, as evidenced by that certain First Amendment to Notice of Ground Lease Agreement dated July 17, 2025, recorded July 21, 2025 as Instrument No. 360632, all in the official records of Cameron Parish, Louisiana. (**PARCEL X**)

(10)Ground Lease Agreement by and between Wilma Davis Bride Family, LLC and the Borrower (as assignee of pursuant to that certain Assignment of Ground Lease Agreement by and between Cameron Land Ventures, LLC and the Borrower dated as of April 8, 2025, and recorded April 9, 2025, as Conveyance Instrument No. 359694) dated as of October 30, 2023, as evidenced by that certain Notice of Ground Lease Agreement by and between Wilma Davis Bride Family, LLC and the Borrower (as assignee of pursuant to that certain Assignment of Ground Lease Agreement by and between Cameron Land Ventures, LLC and the Borrower dated as of April 8, 2025, and recorded April 9, 2025, as Conveyance Instrument No. 359694) dated as of October 30, 2023, and recorded November 13, 2023, as Conveyance Instrument No. 356283, as amended by that certain First Amendment to Ground Lease Agreement dated June 6, 2025 as evidenced by that certain First Amendment to Notice of Ground Lease Agreement dated June 6, 2025, recorded June 6, 2025 as Conveyance Instrument No. 360239, and as evidenced by that certain Second Amendment to Notice of Ground Lease Agreement dated July 11, 2025, recorded July 11, 2025 as Conveyance Instrument No. 360550, all in the official records of Cameron Parish, Louisiana. **(PARCEL EE)**

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

(11)Ground Lease Agreement by and among Donald Maurice Drost, Daniel Kenneth Drost, William David Drost, and the Borrower (as assignee of Cameron Land Ventures, LLC, pursuant to that certain Assignment of Ground Lease Agreement by and between Cameron Land Ventures, LLC and the Borrower dated as of April 8, 2025, and recorded April 9, 2025, as Conveyance Instrument No. 359695) dated as of October 30, 2023, as evidenced by that certain Notice of Ground Lease Agreement by and among Donald Maurice Drost, Daniel Kenneth Drost, William David Drost, and the Borrower (as assignee of Cameron Land Ventures, LLC, pursuant to that certain Assignment of Ground Lease Agreement by and between Cameron Land Ventures, LLC and the Borrower dated as of April 8, 2025, and recorded April 9, 2025, as Conveyance Instrument No. 359695) dated as of October 30, 2023, and recorded November 13, 2023, as Conveyance Instrument No. 356284, as amended by that certain First Amendment to Ground Lease Agreement dated July 17, 2025 as evidenced by that certain First Amendment to Notice of Ground Lease Agreement dated July 17, 2025, recorded July 22, 2025 as Conveyance Instrument No. 360664, all in the official records of Cameron Parish, Louisiana. **(PARCEL GG)**

(12)Ground Lease Agreement by and between Dallas Clyde Pichnic, Jr. and the Borrower (as assignee of Cameron Land Ventures, LLC pursuant to that certain Assignment of Ground Lease Agreement by and between Cameron Land Ventures, LLC and the Borrower dated as of April 8, 2025, and recorded April 9, 2025, as Conveyance Instrument No. 359696) dated as of October 30, 2023, as evidenced by that certain Notice of Ground Lease Agreement by and between Dallas Clyde Pichnic, Jr. and the Borrower (as assignee of Cameron Land Ventures, LLC pursuant to that certain Assignment of Ground Lease Agreement by and between Cameron Land Ventures, LLC and the Borrower dated as of April 8, 2025, and recorded April 9, 2025, as Conveyance Instrument No. 359696) dated as of October 30, 2023, and recorded November 13, 2023, as Conveyance Instrument No. 356285, as amended by that certain First Amendment to Ground Lease Agreement dated July 21, 2025 as evidenced by that certain First Amendment to Notice of Ground Lease Agreement dated July 21, 2025, recorded July 21, 2025 as Conveyance Instrument No. 360640, all in the official records of Cameron Parish, Louisiana. **(PARCEL II)**

(13)Ground Lease Agreement by and among Marjorie Pichnic Rorex, Tamara Lynn Rorex, Shane Wyatt Rorex, and the Borrower (as assignee of Cameron Land Ventures, LLC pursuant to that certain Assignment of Ground Lease Agreement by and between Cameron Land Ventures, LLC and the Borrower dated as of April 8, 2025, and recorded April 9, 2025, as Conveyance Instrument No. 359697) dated as of October 30, 2023, as evidenced by that certain Notice of Ground Lease Agreement by and among Marjorie Pichnic Rorex, Tamara Lynn Rorex, Shane Wyatt Rorex, and the Borrower (as assignee of Cameron Land Ventures, LLC pursuant to that certain Assignment of Ground Lease Agreement by and between Cameron Land Ventures, LLC and the Borrower dated as of April 8, 2025, and recorded April 9, 2025, as Conveyance Instrument No. 359697) dated as of October 30, 2023, and recorded November 13, 2023, as Conveyance Instrument No.

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

356286, as amended by that certain First Amendment to Ground Lease Agreement dated July 24, 2025 as evidenced by that certain First Amendment to Notice of Ground Lease Agreement dated July 24, 2025, recorded July 24, 2025 as Instrument No. 360676, all in the official records of Cameron Parish, Louisiana. **(PARCEL JJ)**

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule V**

**Schedule of Certain Real Property Rights**

[Omitted]

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule W**

**Form of Disbursement Endorsement**

[Omitted]

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule X**

**Phase I Environmental Assessments**

[Omitted]

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule Y**

**Disqualified Institutions**

**(Definition of "Disqualified Institution" – Schedule A to the Common Terms Agreement)** 

[Omitted]

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule Z**

**Disqualified Advisors**

**(Definition of "Disqualified Advisors" – Schedule A to the Common Terms Agreement)** 

[Omitted]

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule AA**

**Survey Endorsements**

**(*Definitions "Survey Endorsements"* – Schedule A to the Common Terms Agreement)** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.ALTA 9.7-06&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restrictions, Encroachments, Minerals – Land Under Development

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.ALTA 17-06&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Access and Entry

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.ALTA 17.2-06&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utility Access

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.ALTA 19-06&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contiguity-Multiple Parcels

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.ALTA 25-06&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Same as Survey

*CP2 – Amended and Restated Common Terms Agreement Schedules*

\|

&nbsp;&nbsp;&nbsp;&nbsp;

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**Schedule 5.1(f)(ii)**

**Prior Locations**

[Omitted]

5.1(f)(ii)-1

*CP2 – Amended and Restated Common Terms Agreement Schedules*

&nbsp;&nbsp;&nbsp;&nbsp;

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**Schedule 5.2(m)**

**Real Property Interests**

[Omitted]

CP2 – Amended & Restated Common Terms Agreement

&nbsp;&nbsp;&nbsp;&nbsp;

## Exhibit 10.7

**Exhibit 10.7**

*Execution Version*

**Certain identified information has been omitted from this document because (i) it is not material and is the type that the Company customarily and actually treats as private or confidential, and/or (ii) if disclosure would constitute a clearly unwarranted invasion of personal privacy and has been marked with "[\*\*\***]**" to indicate where omissions have been made.**

**AMENDMENT NO. 1 TO THE CREDIT FACILITY AGREEMENT AND WAIVER TO COMMON TERMS AGREEMENT**

This AMENDMENT NO. 1 TO THE CREDIT FACILITY AGREEMENT AND WAIVER TO COMMON TERMS AGREEMENT (this "***Amendment***"), dated as of March 13, 2026 (the "***Effective Date***") is in respect of (i) the Credit Facility Agreement, dated as of July 28, 2025 (as amended, amended and restated, modified or supplemented from time to time prior to the date hereof, the "***Existing Credit Facility Agreement***"), by and among VENTURE GLOBAL CP2 LNG, LLC, a limited liability company organized under the laws of the State of Delaware (the "***Borrower***"), VENTURE GLOBAL CP EXPRESS, LLC, a limited liability company organized under the laws of the State of Delaware (the "***Pipeline Company***"), CP2 PROCUREMENT, LLC, a limited liability company organized under the laws of the State of Delaware (the "***Procurement Company***" and, together with the Pipeline Company, the "***Guarantors***" and each a "***Guarantor***"), MUFG BANK, LTD., in its capacity as administrative agent for the Lenders and Issuing Banks thereunder and acting on the instruction of the Required Lenders (and, together with each other Person that may, from time to time, be appointed as successor Credit Facility Agent in accordance with Section 10.07 (*Resignation or Removal of Credit Facility Agent*), the "***Credit Facility Agent***"), solely for purposes of Section 3.06 (*Non-Fronted Letters of Credit*), SUMITOMO MITSUI BANKING CORPORATION, as the Collateral Agent (the "***Collateral Agent***"), each of the Issuing Banks party thereto from time to time, and each of the Lenders party thereto from time to time and (ii) the Common Terms Agreement, dated as of July 28, 2025 (the "***Existing Common Terms Agreement***"), by and among the Borrower, the Guarantors, the Credit Facility Agent on behalf of itself and the Credit Facility Lender Parties, each other Facility Agent that is Party thereto from time to time on behalf of itself and the Facility Lenders under its Facility Agreement and MUFG BANK, LTD., as the intercreditor agent for the Facility Lenders (in such capacity, the "***Intercreditor Agent***"). Reference is also made to the Amended and Restated Common Terms Agreement, dated as of the date hereof (as further amended, amended and restated, modified or supplemented from time to time, the "***Amended Common Terms Agreement***"), by and among the Borrower, the Guarantors, the Credit Facility Agent on behalf of itself and the Credit Facility Lender Parties, each other Facility Agent that is Party thereto from time to time on behalf of itself and the Facility Lenders under its Facility Agreement, and the Intercreditor Agent. All capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in the Existing Common Terms Agreement, or if not defined therein, the Existing Credit Facility Agreement. For all purposes of this Amendment, except as otherwise expressly provided, the rules of interpretation set forth in Section 1.2 of Schedule A (*Common Definitions and Rules of* 

&nbsp;&nbsp;&nbsp;&nbsp;

------

*Interpretation*) of the Existing Common Terms Agreement are hereby incorporated by reference, *mutatis mutandis*, as if fully set forth herein.

WHEREAS, under Section 7.3 (*Project Phase 2 Development*) of the Existing Common Terms Agreement, the Borrower is permitted to undertake the Project Phase 2 Development upon the satisfaction or waiver of the Project Phase 2 Development Conditions and incur Project Phase 2 Development Debt pursuant to Section 6.4 (*Project Phase 2 Development Debt*) of the Existing Common Terms Agreement, subject to the satisfaction or waiver of the conditions set forth therein;

WHEREAS, pursuant to Section 6.4(j)(i) (*Project Phase 2 Development Debt*) of the Existing Common Terms Agreement, a condition to the incurrence of the Project Phase 2 Development Debt is that the Intercreditor Agent shall have received certain information and documentation regarding the Project Phase 2 Development Debt (the "***Development Debt Notice***") at least three Business Days prior to the incurrence of the Project Phase 2 Development Debt (the "***Development Debt Notice Deadline***");

WHEREAS, the Borrower did not deliver the Development Debt Notice prior to the Development Debt Notice Deadline;

WHEREAS, the Borrower intends to amend the Existing Credit Facility Agreement and incur additional Indebtedness thereunder in an aggregate principal amount equal to an additional $7,850,000,000 in Term Loan Commitments and $750,000,000 in Working Capital Commitments, and the Borrower intends to use the proceeds thereof consistent with Section 2.09 of the Amended Credit Facility Agreement as defined below (the "***Tranche 2 Upsize***");

WHEREAS, Lenders party to the Existing Credit Facility Agreement (the "***Tranche 1 Lenders***") constituting the Required Lenders under the Existing Credit Facility Agreement (measured immediately prior to giving effect to Section 1.3 below), the Issuing Banks party to the Existing Credit Facility Agreement (each, a "***Tranche 1 Issuing Bank*")** and the Credit Facility Agent are willing, on and subject to the terms and conditions hereof, to amend the Existing Credit Facility Agreement as set forth herein and in accordance with Section 11.01 of the Existing Credit Facility Agreement;

WHEREAS, the Borrower has requested that the Lenders listed as having a Tranche 2 Term Loan Commitment or a Tranche 2 Working Capital Commitment on <u>Schedule I</u> hereto (the "***Tranche 2 Lenders***") provide the Tranche 2 Commitments (as defined in the Amended Credit Facility Agreement) on the terms and conditions as set forth in the Amended Credit Facility Agreement and each undersigned Tranche 2 Lender desires to provide such Tranche 2 Commitments under the Amended Credit Facility Agreement by executing and delivering to the Borrower and the Credit Facility Agent this Amendment;

WHEREAS, the Borrower has requested that each of Bank of America, N.A. and Wells Fargo Bank, N.A. be a Tranche 2 Issuing Bank (as defined in the Amended Credit Facility

#102238149v5&nbsp;&nbsp;&nbsp;&nbsp;

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Agreement) (each, a "***Tranche 2 Issuing Bank***") with a Tranche 2 Issuing Bank Limit (as defined in the Amended Credit Facility Agreement), a Tranche 2 Fronting Limit (as defined in the Amended Credit Facility Agreement) and a Tranche 2 Non-Fronting Limit (as defined in the Amended Credit Facility Agreement) (together, the "***Tranche 2 LC Increase***") set forth on <u>Schedule II</u> hereto on the terms and conditions as set forth in the Amended Credit Facility Agreement and each Tranche 2 Issuing Bank desires to be designated a Tranche 2 Issuing Bank under the Amended Credit Facility Agreement by executing and delivering to the Borrower and the Credit Facility Agent this Amendment;

WHEREAS, the Borrower has requested that Tranche 1 Lenders constituting Required Lenders consent to shorten the Development Debt Notice Deadline to one Business Day prior to the incurrence of the Project Phase 2 Development Debt (the "***Shortened Development Debt Deadline***"), and the Tranche 1 Lenders party hereto, which collectively constitute Required Lenders under the Existing Credit Facility Agreement (measured immediately prior to giving effect to Section 1.3 below) are willing to grant such consent;

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

Section 1.<u>Consents and Amendments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1<u>Consent to Existing Credit Facility Agreement</u>. Upon the effectiveness of this Amendment in accordance with <u>Section 2</u> below, each of the Tranche 1 Lenders party hereto (collectively constituting the Required Lenders) hereby consents to the Shortened Development Debt Deadline and agrees that delivery of the Development Debt Notice on or before the Shortened Development Debt Deadline shall satisfy the condition to incurrence of the Project Phase 2 Development Debt set forth in Section 6.4(j)(i) (*Project Phase 2 Development Debt*) of the Existing Common Terms Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2<u>Amendments to Credit Facility Agreement</u>. Upon the effectiveness of this Amendment in accordance with <u>Section 2</u> below, with such effectiveness occurring immediately prior to the effectiveness of the Tranche 2 Upsize, the Obligors, each of the Tranche 1 Lenders party hereto (collectively constituting the Required Lenders), each of the Tranche 1 Issuing Banks party hereto (collectively constituting all Tranche 1 Issuing Banks) and the Credit Facility Agent hereby consents and agrees to amend the Existing Credit Facility Agreement (including the Schedules and Exhibits thereto) by deleting the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: **<u>double-underlined text</u>**) as set forth in Exhibit A hereto (the Existing Credit Facility Agreement, as so amended, the "***Amended Credit Facility Agreement***").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3<u>Consents to Tranche 2 Upsize Commitments</u>. Upon the effectiveness of this Amendment in accordance with <u>Section 2</u> below, with such effectiveness occurring immediately after the effectiveness of the Amended Credit Facility Agreement, each Tranche 2 Lender party hereto hereby consents and agrees to provide a Tranche 2 Commitment as set forth opposite its name on <u>Schedule I</u> hereto.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4<u>Consents to the Tranche 2 LC Increase</u>. Upon the effectiveness of this Amendment in accordance with <u>Section 2</u> below, with such effectiveness occurring immediately after the effectiveness of the Amended Credit Facility Agreement, each Tranche 2 Issuing Bank consents and agrees to provide the Tranche 2 Issuing Bank Limit, Tranche 2 Fronting Limit and Tranche 2 Non-Fronting Limit as set forth opposite its name on <u>Schedule II</u> hereto.

Section 2.<u>Effectiveness</u>. This Amendment shall become effective as of the date hereof subject to the satisfaction of the following conditions precedent: (a) delivery of executed counterparts of this Amendment by each of (i) the Obligors, (ii) the Credit Facility Agent, (iii) the Tranche 1 Lenders constituting the Required Lenders, (iv) all Tranche 2 Lenders as of the date hereof, (v) each Tranche 2 Issuing Bank, (vi) the Collateral Agent, (vii) the Intercreditor Agent, (viii) Sumitomo Mitsui Banking Corporation, as Account Bank and (ix) each Tranche 1 Issuing Bank and (b) satisfaction (or waiver by all Lenders) of each of the conditions precedent set forth in Section 7.02 (*Conditions to Upsize Closing*) of the Amended Credit Facility Agreement (which incorporates by reference Section 4.2 (*Conditions to Upsize Closing Date*) of the Amended Common Terms Agreement).

Section 3.<u>[Reserved]</u>

Section 4.<u>Finance Document</u>. This Amendment constitutes a Finance Document as such term is defined in, and for purposes of, the Amended Common Terms Agreement. Each of the parties hereto agree that each reference to "Credit Facility Agreement" in each Finance Document, including the Amended Common Terms Agreement and the Common Security and Account Agreement, shall refer to the Credit Facility Agreement as amended hereby.

Section 5.<u>Governing Law</u>. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, UNITED STATES OF AMERICA.

Section 6.<u>Headings</u>. All headings in this Amendment are included only for convenience and ease of reference and shall not be considered in the construction and interpretation of any provision hereof.

Section 7.<u>Binding Nature and Benefit; Amendment</u>. This Amendment shall be binding upon and inure to the benefit of each party hereto and their respective successors and permitted assigns. This Amendment may not be amended or modified except pursuant to a written instrument signed by all parties hereto.

Section 8.<u>Counterparts</u>. This Amendment may be executed in multiple counterparts, each of which shall be deemed an original for all purposes, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or portable document format ("pdf") shall be effective as delivery of a manually executed counterpart of this Amendment.

Section 9.<u>No Modifications; No Other Matters</u>. Except as expressly provided for herein, the terms and conditions of the Existing Credit Facility Agreement and the other Finance Documents shall continue unchanged and shall remain in full force and effect. This Amendment shall apply solely in the specific instances and for the specific purposes expressly set forth herein and shall not be deemed or construed as a waiver of any other matters or to prejudice any rights which any of the Secured Parties may now have or may have in the future under or in connection with the Finance Documents or any of the instruments or documents referred to therein, nor shall this Amendment apply to any other matters.

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Section 10.<u>E-Signature</u>. The words "execution," "signed," "signature," and words of like import in this Amendment shall be deemed to include electronic signatures or electronic records, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any legal requirements, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

Section 11.<u>Reaffirmation</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1The Borrower and each Guarantor hereby consents to the terms and conditions of this Amendment, including with respect to the extension of credit in the form of the Tranche 2 Commitments. In addition, each of the Borrower and each Guarantor hereby (i) affirms and confirms its guarantees, pledges, grants and other undertakings under the Amended Credit Facility Agreement and the other Finance Documents to which it is a party (as amended as of the date hereof), (ii) agrees that (x) each Finance Document (as amended as of the date hereof) to which it is a party are not impaired or adversely affected in any manner whatsoever and shall continue to be in full force and effect and (y) all guarantees, pledges, grants and other undertakings thereunder shall continue to be in full force and effect (as amended as of the date hereof), shall continue to secure all the applicable Loan Obligations as amended, increased and extended by this Amendment, and shall accrue to the benefit of the Secured Parties, and (iii) acknowledges that from and after the Effective Date, all outstanding Tranche 2 Commitments shall be deemed to be Loan Obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2Each party to the Security Documents acknowledges and confirms that the security created pursuant to those Security Documents is, and always has been, intended to secure the secured obligations as defined therein as amended, supplemented, extended or restated (however fundamental) from time to time, including, but not limited to, as pursuant to the Amended Credit Facility Agreement.

Section 12.<u>Direction to Credit Facility Agent, Intercreditor Agent, Collateral Agent and Account Bank</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1<u>Direction to Credit Facility Agent</u>. By their signature below, each of the undersigned Tranche 1 Lenders (collectively constituting the Required Lenders) and each of the undersigned Tranche 1 Issuing Banks instructs the Credit Facility Agent to (i) execute this Amendment and each of the Finance Documents (as defined in the Amended Common Terms Agreement) to which the Credit Facility Agent is party, (ii) direct the Intercreditor Agent to execute this Amendment and each of the Finance Documents (as defined in the Amended Common Terms Agreement) to which the Intercreditor Agent is party, (iii) direct the Intercreditor Agent to direct the Collateral Agent to execute this Amendment and each of the Finance Documents (as defined in the Amended Common Terms Agreement) to which the Collateral Agent is party and (iv) direct the Intercreditor Agent to direct the Collateral Agent to direct the Account Bank to execute this Amendment and each of the Finance Documents (as defined in the Amended Common Terms Agreement) to which the Account Bank is party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2<u>Direction to Intercreditor Agent</u>. Based on the instructions above, the Credit Facility Agent hereby directs the Intercreditor Agent to (i) execute this Amendment and each of the Finance Documents (as defined in the Amended Common Terms Agreement) to which the Intercreditor Agent is party, (ii) direct the Collateral Agent to execute this Amendment and each of the Finance Documents (as defined in the Amended Common Terms Agreement) to which the Collateral Agent is party and (iii) direct the Collateral Agent to direct the Account

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Bank to execute this Amendment and each of the Finance Documents (as defined in the Amended Common Terms Agreement) to which the Account Bank is party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3<u>Direction to the Collateral Agent</u>. Based on the instructions above, the Intercreditor Agent hereby directs the Collateral Agent to (i) execute this Amendment and each of the Finance Documents (as defined in the Amended Common Terms Agreement) to which the Collateral Agent is party and (ii) direct the Account Bank to execute this Amendment and each of the Finance Documents (as defined in the Amended Common Terms Agreement) to which the Account Bank is party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.4<u>Direction to the Account Bank</u>. Based on the instructions above, the Collateral Agent directs the Account Bank to execute this Amendment and each of the Finance Documents (as defined in the Amended Common Terms Agreement) to which the Account Bank is party.

Section 13.<u>Status of Tranche 2 Lenders</u>. Effective as of the Effective Date, each Tranche 2 Lender shall be deemed to have become a party to, and such Tranche 2 Lender agrees that it will be bound by the terms and conditions set forth in, and each of the covenants and agreements of the Lenders set forth in, and accepts each of the rights and benefits extended by, the Amended Credit Facility Agreement, including, without limitation, the obligation to fund the Tranche 2 Commitments, subject to satisfaction of applicable conditions in the Amended Credit Facility Agreement, and shall have all the rights and obligations of a "Lender" under the Amended Credit Facility Agreement and the other Finance Documents as if it were an original signatory thereto or an original Lender thereunder with respect to the Tranche 2 Commitments.

Section 14.<u>Status of Tranche 2 Issuing Banks</u>. Effective as of the Effective Date, each Tranche 2 Issuing Bank shall be deemed to have become a party to, and each Tranche 2 Issuing Bank agrees that it will be bound by the terms and conditions set forth in, and each of the covenants and agreements of the Issuing Banks set forth in, and accepts each of the rights and benefits extended by, the Amended Credit Facility Agreement, including, without limitation, the obligation to issue Tranche 2 Letters of Credit, subject to satisfaction of applicable conditions in the Amended Credit Facility Agreement, and shall have all the rights and obligations of an "Issuing Bank" under the Amended Credit Facility Agreement and the other Finance Documents as if it were an original signatory thereto or an original Issuing Bank thereunder with respect to the Tranche 2 Letters of Credit.

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

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| **VENTURE GLOBAL CP2 LNG, LLC**,<br>as the Borrower |
| By: <u>/s/ Jonathan W. Thayer&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Jonathan W. Thayer<br>Title: Chief Financial Officer |

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| Acknowledged and agreed as of the first date set forth above.<br>**VENTURE GLOBAL CP EXPRESS, LLC**,<br>as a Guarantor |
| By: <u>/s/ Jonathan W. Thayer&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Jonathan W. Thayer<br>Title: Chief Financial Officer |

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| Acknowledged and agreed as of the first date set forth above.<br>**CP2 PROCUREMENT, LLC**,<br>as a Guarantor |
| By: <u>/s/ Jonathan W. Thayer&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Jonathan W. Thayer<br>Title: Chief Financial Officer |

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| Acknowledged and agreed as of the first date set forth above.<br>**MUFG BANK, LTD.**,<br>as Credit Facility Agent |
| By: <u>/s/ Lawrence Blat&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Lawrence Blat<br>Title: Authorized Signatory |

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| Acknowledged and agreed as of the first date set forth above.<br>**MUFG BANK, LTD.**,<br>as Intercreditor Agent |
| By: <u>/s/ Lawrence Blat&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Lawrence Blat<br>Title: Authorized Signatory |

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| Acknowledged and agreed as of the first date set forth above. |
| **SUMITOMO MITSUI BANKING CORPORATION,**<br> as Collateral Agent |
| By: <u>/s/</u> <u>Brian T Caldwell&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Brian T Caldwell<br>Title: Managing Director |

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| Solely for purpose of acknowledging Section 12.4, as of the first date set forth above. |
| **SUMITOMO MITSUI BANKING CORPORATION,**<br> as Account Bank |
| By: <u>/s/</u> <u>Brian T Caldwell&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Brian T Caldwell<br>Title: Managing Director |

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**IN WITNESS WHEREOF**, the Required Lenders, by their signatures below, have instructed the Credit Facility Agent to duly execute this Amendment.

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| **ASSOCIATED BANK, NATIONAL ASSOCIATION,**<br> as Tranche 1 Lender |
| By: <u>/s/ Justin Nam&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Justin Nam<br>Title: Senior Vice President |

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| **BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Miguel Pe</u>ñ<u>a Azpilicueta&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Miguel Peña Azpilicueta<br>Title: Managing Director |
| <br>By: <u>/s/ Erlantz Peñalba Arce&nbsp;&nbsp;&nbsp;&nbsp;</u> <br> Name: Erlantz Peñalba Arce<br>Title: Managing Director |

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| **BANCO SANTANDER, S.A. NEW YORK BRANCH,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Daniel Kostman&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Daniel Kostman<br>Title: Executive Director |
| <br>By: <u>/s/ Andrew Platt&nbsp;&nbsp;&nbsp;&nbsp;</u> <br> Name: Andrew Platt<br>Title: Managing Director |

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| **BANK OF AMERICA, N.A.**,<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Christopher Baethge&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Christopher Baethge <br>Title: Director |

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| **BARCLAYS BANK PLC**,<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ James Edmonds&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: James Edmonds <br>Title: Managing Director |

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| **CAIXABANK, S.A., UNITED KINGDOM BRANCH**<br>as Tranche 1 Lender |
| <br>By: <u>/s/ Sergi Periago &nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Sergi Periago <br>Title:  |

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| **CAIXABANK, S.A., UNITED KINGDOM BRANCH**<br>as Tranche 1 Lender |
| <br>By: <u>/s/ Victor Granero&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Victor Granero <br>Title:  |

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| **CANADIAN IMPERIAL BANK OF**<br>**COMMERCE, NEW YORK BRANCH,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Peter O'Neill&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Peter O'Neill<br>Title: Authorized Signatory<br>By: <u>/s/ Anh Nguyen&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Anh Nguyen<br>Title: Authorized Signatory |

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| **DEUTSCHE BANK AG, NEW YORK**<br>**BRANCH,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Jeremy Eisman &nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Jeremy Eisman <br>Title: Managing Director  |
| <br>By: <u>/s/ Blake Yaralian&nbsp;&nbsp;&nbsp;&nbsp;</u><br>Name: Blake Yaralian <br>Title: Managing Director |

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| **DEUTSCHE BANK AG, LONDON BRANCH**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Jeremy Eisman &nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Jeremy Eisman <br>Title: Managing Director  |
| <br>By: <u>/s/ Blake Yaralian&nbsp;&nbsp;&nbsp;&nbsp;</u><br>Name: Blake Yaralian <br>Title: Managing Director |

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| **GOLDMAN SACHS BANK USA,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Robert Ehudin&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Robert Ehudin<br>Title: Authorized Signatory |

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| **INDUSTRIAL AND COMMERCIAL BANK**<br>**OF CHINA LIMITED, NEW YORK**<br>**BRANCH,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Lin (Allan) Sun&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Lin (Allan) Sun<br>Title: Head of Project Finance |
| <br>By: <u>/s/ Ricardo Vieira &nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Ricardo Vieira<br>Title: Director of Project Finance, Sr. Relationship Manager |

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| **INTESA SANPAOLO S.P.A., NEW YORK**<br>**BRANCH,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Nicholas A. Matacchieri&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Nicholas A. Matacchieri<br>Title: Managing Director |
| <br>By: <u>/s/ Marco Marafioti&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Marco Marafioti<br>Title: Vice President |

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| **JPMORGAN CHASE BANK, N.A.,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Omar Valdez&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Omar Valdez<br>Title: Authorized Officer |

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| **LANDESBANK BADEN-WURTTEMBERG, NEW YORK BRANCH,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Arndt Bruns &nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Arndt Bruns<br>Title: Senior Relationship Manager<br>By: <u>/s/ Oliver Langel &nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Oliver Langel<br>Title: Managing Director |

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| **MIZUHO BANK, LTD.,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Dominick D'Ascoli&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Dominick D'Ascolis<br>Title: Director |

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&nbsp;&nbsp;&nbsp;&nbsp;**IN WITNESS WHEREOF**, the Required Lenders, by their signatures below, have instructed the Credit Facility Agent to duly execute this Amendment.

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| <br>**MUFG BANK, LTD.,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Chip Lewis&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Chip Lewis<br>Title: Managing Director |

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| **NATIONAL BANK OF CANADA,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ John Hunt&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: John Hunt<br>Title: Authorized Signatory<br>By: <u>/s/ Andrew Nguyen &nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Andrew Nguyen<br>Title: Authorized Signatory |

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| **NATIONAL WESTMINSTER BANK PLC,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Will Fleming-Smith&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Will Fleming-Smith<br>Title: Director  |

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| **NATIXIS, NEW YORK BRANCH,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Amit Roy&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Amit Roy<br>Title: Managing Director <br>By: <u>/s/ Nasir Khan&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Nasir Khan<br>Title: Managing Director  |

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| **REGIONS BANK,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Tedrick Tarver &nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Tedrick Tarver<br>Title: Managing Director  |

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| **ROYAL BANK OF CANADA,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Michael Sharp&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Michael Sharp<br>Title: Authorized Signatory |

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| **STANDARD CHARTERED BANK,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Chloe Petrich&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Chloe Petrich<br>Title: Executive Director, Infrastructure and Development Finance Group |

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| **SUMITOMO MITSUI BANKING**<br>**CORPORATION,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Quynh Tran &nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Quynh Tran<br>Title: Managing Director |

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| **THE BANK OF NOVA SCOTIA, HOUSTON**<br>**BRANCH,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Joe Lattanzi &nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Joe Lattanzi<br>Title: Managing Director |

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| **TRUIST BANK,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Dillon McNeill &nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Dillon McNeill<br>Title: Vice President  |

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| **WELLS FARGO BANK, N.A.,**<br>as a Tranche 1 Lender |
| <br>By: <u>/s/ Nathan Starr&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Nathan Starr<br>Title: Managing Director |

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| Acknowledged and agreed as of the first date set forth above.<br>**BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH,**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Miguel Peña Azpilicueta&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Miguel Peña Azpilicueta<br>Title: Managing Director<br>By: <u>/s/ Erlantz Peñalba Arce &nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Erlantz Peñalba Arce<br>Title: Managing Director |

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| **BANCO SANTANDER, S.A., NEW YORK**<br>**BRANCH,**<br>as a Tranche 2 Lender and Issuing Bank |
| <br>By: <u>/s/ Daniel Kostman&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Daniel Kostman<br>Title: Executive Director<br>By: <u>/s/ Andrew Platt &nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Andrew Platt<br>Title: Managing Director |

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| **BANK OF AMERICA, N.A.**,<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Christopher Baethge&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Christopher Baethge<br>Title: Director |

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| **BANK OF CHINA, NEW YORK BRANCH**,<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Raymond Qiao&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Raymond Qiao<br>Title: Executive Vice President |

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| **BARCLAYS BANK PLC**,<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ James Edmonds&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: James Edmonds<br>Title: Managing Director |

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| <br>**CAIXABANK, S.A., UNITED KINGDOM**<br>**BRANCH**,<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Sergi Periago&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Sergi Periago<br>Title: <br>**CAIXABANK, S.A., UNITED KINGDOM**<br>**BRANCH**,<br>as a Tranche 2 Lender<br>By: <u>/s/ Victor Granero&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Victor Granero<br>Title: |

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| **CANADIAN IMPERIAL BANK OF**<br>**COMMERCE, NEW YORK BRANCH**,<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Peter O'Neill&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Peter O'Neill<br>Title: Authorized Signatory |

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|:---|
| **DEUTSCHE BANK AG, LONDON BRANCH**,<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Jeremy Eisman&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Jeremy Eisman<br>Title: Managing Director<br>By: <u>/s/ Blake Yaralian&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Blake Yaralian<br>Title: Managing Director |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| **GOLDMAN SACHS BANK USA**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Robert Ehudin&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Robert Ehudin<br>Title: Authorized Signatory |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| **INDUSTRIAL AND COMMERCIAL BANK**<br>**OF CHINA LIMITED, NEW YORK BRANCH**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Lin (Allan) Sun&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Lin (Allan) Sun<br>Title: Head of Project Finance<br>By: <u>/s/ Ricardo Vieira&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Ricardo Vieira<br>Title: Director of Project Finance, Sr. Relationship Manager |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| **INTESA SANPAOLO S.P.A., NEW YORK**<br>**BRANCH,**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Nicholas A. Matacchieri&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Nicholas A. Matacchieri<br>Title: Managing Director<br>By: <u>/s/ Marco Marafioti&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Marco Marafioti<br>Title: Vice President |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| **JPMORGAN CHASE BANK, N.A.,**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Omar Valdez&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Omar Valdez<br>Title: Authorized Officer |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| **LANDESBANK BADEN-WURTTEMBERG, NEW YORK BRANCH,**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Arndt Bruns&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Arndt Bruns<br>Title: Senior Relationship Manager<br>By: <u>/s/ Oliver Langel&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Oliver Langel<br>Title: Managing Director |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| **MIZUHO BANK, LTD,**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Dominick D'Ascoli&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Dominick D'Ascoli<br>Title: Director |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| **MUFG BANK, LTD,**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Chip Lewis&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Chip Lewis<br>Title: Managing Director |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| <br>**NATIONAL BANK OF CANADA,**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ John Hunt&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: John Hunt<br>Title: Authorized Signatory<br>By: <u>/s/ Andrew Nguyen&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Andrew Nguyen<br>Title: Authorized Signatory |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| <br>**NATIONAL WESTMINSTER BANK PLC,**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Will Fleming-Smith&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Will Fleming-Smith<br>Title: Director |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| <br>**NATIXIS, NEW YORK BRANCH,**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Amit Roy&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Amit Roy<br>Title: Managing Director<br>By: <u>/s/ Nasir Khan&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Nasir Khan<br>Title: Managing Director |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| **PNC BANK, NATIONAL ASSOCIATION,**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Denise Davis &nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Denise Davis <br>Title: Managing Director<br>By: <u>/s/ Alex Rolfe&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Alex Rolfe<br>Title: Senior Vice President  |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| <br>**REGIONS BANK,**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Tedrick Tarver&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Tedrick Tarver <br>Title: Managing Director |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| **ROYAL BANK OF CANADA,**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Michael Sharp&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Michael Sharp<br>Title: Authorized Signatory |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| **STANDARD CHARTERED BANK,**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Chloe Petrich&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Chloe Petrich<br>Title: Executive Director, Infrastructure and Development Finance Group |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| **SUMITOMO MITSUI BANKING**<br>**CORPORATION,**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Quynh Tran &nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Quynh Tran<br>Title: Managing Director |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| **THE BANK OF NOVA SCOTIA, HOUSTON**<br>**BRANCH,**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Joe Lattanzi &nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Joe Lattanzi<br>Title: Managing Director |

---

---

| |
|:---|
| **THE HUNTINGTON NATIONAL BANK,**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Rochelle Thomas&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Rochelle Thomas<br>Title: Authorized Signer |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| **TRUIST BANK,**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Dillon McNeill&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Dillon McNeill<br>Title: Vice President |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| **U.S. BANK NATIONAL ASSOCIATION,**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Jeff Hammond&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Jeff Hammond<br>Title: Vice President |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| <br>**WELLS FARGO BANK, N.A.,**<br>as a Tranche 2 Lender |
| <br>By: <u>/s/ Nathan Starr&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Nathan Starr<br>Title: Managing Director |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| **BANCO SANTANDER, S.A., NEW YORK**<br>**BRANCH,**<br>as Tranche 1 Issuing Bank |
| <br>By: <u>/s/ Daniel Kostman&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Daniel Kostman<br>Title: Executive Director<br>By: <u>/s/ Erika Wershoven&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Erika Wershoven<br>Title: Executive Director |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| **BANK OF AMERICA, N.A.,**<br>as Tranche 1 Issuing Bank |
| <br>By: <u>/s/ Christopher Baethge &nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Christopher Baethge<br>Title: Director |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| **ROYAL BANK OF CANADA,**<br>as Tranche 1 Issuing Bank |
| <br>By: <u>/s/ Michael Sharp &nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Michael Sharp<br>Title: Authorized Signatory |

---

---

| |
|:---|
| Acknowledged and agreed as of the first date set forth above.<br>**BANK OF AMERICA, N.A.**,<br>as Tranche 2 Issuing Bank |
| <br>By: <u>/s/ Christopher Baethge&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Christopher Baethge<br>Title: Director |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| **WELLS FARGO BANK, N.A.,**<br>as Tranche 2 Issuing Bank |
| <br>By: <u>/s/ Nathan Starr&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Name: Nathan Starr<br>Title: Managing Director |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule I**

**Lenders, Commitments**

<u>Term Loan Commitments</u><sup>1</sup>

---

| | | | |
|:---|:---|:---|:---|
| **<u>Term Lenders</u>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>Tranche 1 Term Loan Commitments</u>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>Tranche 2 Term Loan Commitment</u>** | **<u>Total Term Lender Term Loan Commitment</u>** |
| Banco Santander, S.A., New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| ING Capital LLC | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Banco Bilbao Vizcaya Argentaria, S.A. New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Barclays Bank Plc | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Canadian Imperial Bank of Commerce, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Goldman Sachs Bank USA | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Intesa Sanpaolo S.P.A, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| JPMorgan Chase Bank, N.A. | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Landesbank Baden-Württemberg, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Mizuho Bank, Ltd. | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| MUFG Bank, Ltd. | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Natixis, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Royal Bank of Canada | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Sumitomo Mitsui Banking Corporation | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Standard Chartered Bank | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |

---

<sup>1</sup> *Term Loan Commitments have been rounded to the nearest cent for purposes of display on this Schedule I.*

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| | | | |
|:---|:---|:---|:---|
| **<u>Term Lenders</u>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>Tranche 1 Term Loan Commitments</u>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>Tranche 2 Term Loan Commitment</u>** | **<u>Total Term Lender Term Loan Commitment</u>** |
| Truist Bank | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Bank of America, N.A. | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Deutsche Bank AG, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Deutsche Bank AG, London Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| National Bank of Canada | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| National Westminster Bank Plc | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| The Bank of Nova Scotia, Houston Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Wells Fargo Bank, N.A. | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Bayerische Landesbank, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Norddeutsche Landesbank Girozentrale, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| CaixaBank, S.A., UK Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| The Korea Development Bank | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Banco de Sabadell, S.A., Miami Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| DZ Bank AG, Deutsche Zentral-Genossenschaftsbank, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Industrial and Commercial Bank of China Limited, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| | | | |
|:---|:---|:---|:---|
| **<u>Term Lenders</u>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>Tranche 1 Term Loan Commitments</u>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>Tranche 2 Term Loan Commitment</u>** | **<u>Total Term Lender Term Loan Commitment</u>** |
| Landesbank Hessen-Thüringen Girozentrale, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Regions Bank | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Raymond James Bank | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Bank Leumi Le-Israel B.M. | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| First-Citizens Bank & Trust Company | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Flagstar Bank, N.A. | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Apple Bank | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Associated Bank, N.A. | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Woori Bank, New York Agency | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| FirstBank Puerto Rico d/b/a FirstBank Florida | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Woori America Bank | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| The Huntington National Bank | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Bank of China, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| U.S. Bank National Association | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| PNC Bank, National Association | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| **Total** | &nbsp;&nbsp;&nbsp;$11250000000.00 | &nbsp;&nbsp;&nbsp;$7850000000.00 | &nbsp;&nbsp;&nbsp;$19100000000.00 |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

<u>Working Capital Commitments</u><sup>2</sup>

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>Working Capital Lenders</u>** | **<u>Tranche 1 Working Capital Commitment</u>** | **<u>Tranche 2 Working Capital Commitment</u>** | **<u>Total Working Capital Lender Working Capital Commitment</u>** |
| Banco Santander, S.A., New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | $[\*\*\*] | $[\*\*\*] |
| ING Capital LLC | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Banco Bilbao Vizcaya Argentaria, S.A. New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Barclays Bank Plc | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Caixa Bank, S.A. | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Canadian Imperial Bank of Commerce, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Goldman Sachs Bank USA | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Intesa Sanpaolo S.P.A, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| JPMorgan Chase Bank, N.A. | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Landesbank Baden-Württemberg, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Mizuho Bank, Ltd. | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| MUFG Bank, Ltd. | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Natixis, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Royal Bank of Canada | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Sumitomo Mitsui Banking Corporation | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Standard Chartered Bank | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Truist Bank | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |

---

<sup>2</sup> *Working Capital Commitments have been rounded to the nearest cent for purposes of display on this Schedule I.*

&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>Working Capital Lenders</u>** | **<u>Tranche 1 Working Capital Commitment</u>** | **<u>Tranche 2 Working Capital Commitment</u>** | **<u>Total Working Capital Lender Working Capital Commitment</u>** |
| Bank of America, N.A. | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Deutsche Bank AG, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Deutsche Bank AG, London Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| National Bank of Canada | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| National Westminster Bank plc | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| The Bank of Nova Scotia, Houston Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Wells Fargo Bank, N.A. | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Bayerische Landesbank, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Norddeutsche Landesbank Girozentrale, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Industrial and Commercial Bank of China Limited, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| Bank of China, New York Branch | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| The Huntington National Bank | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| U.S. Bank National Association | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;$[\*\*\*] |
| **Total** | &nbsp;&nbsp;&nbsp;850000000.00 | &nbsp;&nbsp;&nbsp;$750000000.00 | &nbsp;&nbsp;&nbsp;$1600000000.00 |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Schedule II**

**Issuing Bank Limits**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **<u>Issuing Bank</u>** | **<u>Tranche 1 Fronting Limit</u>** | **<u>Tranche 2 Fronting Limit</u>** | **<u>Aggregate Fronting Limit</u>** | **<u>Tranche 1 Non-Fronting Limit</u>** | **<u>Tranche 2 Non-Fronting Limit</u>** | **<u>Aggregate Non-Fronting Limit</u>** | **<u>Tranche 1 Issuing Bank Limit</u>** | **<u>Tranche 2 Issuing Bank Limit</u>** | **<u>Aggregate Issuing Bank Limit</u>** |
| Bank of America N.A. | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $400000000 |
| Royal Bank of Canada | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $200000000 |
| Banco Santander, S.A., New York Branch | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $300000000 |
| Wells Fargo Bank, N.A. | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $[\*\*\*] | $200000000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

**Exhibit A**

**Amended Credit Agreement**

***Execution Version***

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**CREDIT FACILITY AGREEMENT** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VENTURE GLOBAL CP2 LNG, LLC, |
| as **Borrower**, |
| VENTURE GLOBAL CP EXPRESS, LLC,<br>and |
| CP2 PROCUREMENT, LLC, |
| as **Guarantors**, |
| THE LENDERS PARTY HERETO FROM TIME TO TIME,<br>as **Lenders**, |
| THE ISSUING BANKS HERETO FROM TIME TO TIME,<br>as **Issuing Banks**, |
| and |
| MUFG BANK, LTD., |
| as **Credit Facility Agent** |
| and |
| solely for purposes of Section 3.06, |
| SUMITOMO MITSUI BANKING CORPORATION,<br>as **Collateral Agent** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BANCO SANTANDER, S.A., NEW YORK BRANCH and<br>ING CAPITAL LLC, |
| as **<u>Tranche 1</u> Initial Coordinating Lead Arrangers, <u>Tranche 1</u> Syndication Agents and<br><u>Tranche 1</u> Documentation Banks**, |

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| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH,<br>BARCLAYS BANK PLC, |
| CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH,<br>GOLDMAN SACHS BANK USA,<br>INTESA SANPAOLO S.P.A, NEW YORK BRANCH,<br>JPMORGAN CHASE BANK, N.A.,<br>LANDESBANK BADEN-WURTTEMBERG, NEW YORK BRANCH,<br>MIZUHO BANK, LTD.,<br>MUFG BANK, LTD.,<br><u>NATIXIS, NEW YORK BRANCH,</u><br> ROYAL BANK OF CANADA,<br>SUMITOMO MITSUI BANKING CORPORATION,<br>STANDARD CHARTERED BANK, and<br>TRUIST SECURITIES INC., |
| as **<u>Tranche 1</u> Initial Coordinating Lead Arrangers**, |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and |
| BANK OF AMERICA, N.A.,<br>DEUTSCHE BANK AG, NEW YORK BRANCH,<br>NATIONAL BANK OF CANADA,<br>THE BANK OF NOVA SCOTIA, HOUSTON BRANCH,<br>WELLS FARGO SECURITIES, LLC,<br>BAYERISCHE LANDESBANK, NEW YORK BRANCH,<br><u>NATIONAL WESTMINSTER BANK PLC</u> and<br>NORDDEUTSCHE LANDESBANK GIROZENTRALE, NEW YORK BRANCH, |
| as **<u>Tranche 1</u> Coordinating Lead Arrangers.** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH and</u><br><u>MUFG BANK, LTD.,</u> |
| <u>as</u> **<u>Tranche 2 Coordinating Lead Arrangers, Tranche 2 Syndication Agents and Tranche 2<br>Documentation Banks</u>**<u>, and</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>BANCO SANTANDER, S.A., NEW YORK BRANCH,</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>BANK OF AMERICA, N.A.,</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>BANK OF CHINA, NEW YORK BRANCH,</u><br><u>BARCLAYS BANK PLC,</u><br><u>CAIXABANK, S.A., UNITED KINGDOM BRANCH,</u><br><u>DEUTSCHE BANK AG, LONDON BRANCH,</u><br><u>GOLDMAN SACHS BANK USA,</u><br><u>INTESA SANPAOLO S.P.A., NEW YORK BRANCH</u><br><u>JPMORGAN CHASE BANK, N.A.,</u> |

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| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>LANDESBANK BADEN-WURTTEMBERG, NEW YORK BRANCH,</u><br><u>MIZUHO BANK, LTD.,</u><br><u>NATIONAL BANK OF CANADA,</u><br><u>NATIONAL WESTMINSTER BANK PLC / NATWEST MARKETS PLC,</u><br><u>NATIXIS, NEW YORK BRANCH,</u><br><u>ROYAL BANK OF CANADA,</u><br><u>STANDARD CHARTERED BANK,</u><br><u>SUMITOMO MITSUI BANKING CORPORATION,</u><br><u>THE BANK OF NOVA SCOTIA, HOUSTON BRANCH,</u><br><u>THE HUNTINGTON NATIONAL BANK,</u><br><u>TRUIST SECURITIES, INC.,</u><br><u>U.S. BANK NATIONAL ASSOCIATION and</u><br><u>WELLS FARGO BANK, N.A.</u> |
| <u>as</u> **<u>Tranche 2 Coordinating Lead Arrangers</u>**<u>,</u> |
| Dated as of July 28, 2025<u>, as amended by</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Amendment No. 1 to the Credit Facility Agreement and Waiver to Common Terms Agreement</u><br><u>dated as of March 13, 2026</u> |

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**TABLE OF CONTENTS**

Page

ARTICLE I DEFINITIONS AND INTERPRETATION <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>2

Section 1.01&nbsp;&nbsp;&nbsp;&nbsp;Defined Terms <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>2

Section 1.02&nbsp;&nbsp;&nbsp;&nbsp;Principles of Interpretation <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>2

Section 1.03&nbsp;&nbsp;&nbsp;&nbsp;UCC Terms <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>2

Section 1.04&nbsp;&nbsp;&nbsp;&nbsp;Accounting and Financial Determinations <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>2

Section 1.05&nbsp;&nbsp;&nbsp;&nbsp;Designations <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>2<u>3</u>

Section 1.06&nbsp;&nbsp;&nbsp;&nbsp;Rates <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>3

Section 1.07&nbsp;&nbsp;&nbsp;&nbsp;Divisions <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>3

ARTICLE II COMMITMENTS AND ADVANCES <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>3<u>4</u>

Section 2.01&nbsp;&nbsp;&nbsp;&nbsp;Term Loans <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>3<u>4</u> 

Section 2.02&nbsp;&nbsp;&nbsp;&nbsp;Term Loan Availability <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>4<u>5</u> 

Section 2.03&nbsp;&nbsp;&nbsp;&nbsp;Working Capital Loans. <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>5<u>6</u> 

Section 2.04&nbsp;&nbsp;&nbsp;&nbsp;Working Capital Loan Availability. <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>5<u>7</u> 

Section 2.05&nbsp;&nbsp;&nbsp;&nbsp;Procedures for Requesting Advances <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>6<u>8</u> 

Section 2.06&nbsp;&nbsp;&nbsp;&nbsp;Funding <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>8<u>11</u> 

Section 2.07&nbsp;&nbsp;&nbsp;&nbsp;Termination or Reduction of Commitments <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>10<u>13</u> 

Section 2.08&nbsp;&nbsp;&nbsp;&nbsp;Incremental Commitments. <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>12<u>15</u> 

Section 2.09&nbsp;&nbsp;&nbsp;&nbsp;Use of Proceeds. <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>13<u>16</u>

ARTICLE III LETTERS OF CREDIT <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>14<u>17</u>

Section 3.01&nbsp;&nbsp;&nbsp;&nbsp;Letters of Credit. <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>14<u>17</u> 

Section 3.02&nbsp;&nbsp;&nbsp;&nbsp;Reimbursement to Issuing Banks. <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>17<u>22</u> 

Section 3.03&nbsp;&nbsp;&nbsp;&nbsp;Obligations Absolute. <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>19<u>24</u> 

Section 3.04&nbsp;&nbsp;&nbsp;&nbsp;Liability of the Issuing Banks and the Working Capital Lenders. <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>20<u>25</u>

Section 3.05&nbsp;&nbsp;&nbsp;&nbsp;Resignation as an Issuing Bank. <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>20<u>25</u> 

Section 3.06&nbsp;&nbsp;&nbsp;&nbsp;Non-Fronted Letters of Credit. <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>21<u>26</u> 

Section 3.07&nbsp;&nbsp;&nbsp;&nbsp;Reinstatement of Letters of Credit <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>21<u>26</u> 

Section 3.08&nbsp;&nbsp;&nbsp;&nbsp;Existing Letter<u>Letters</u> of Credit <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>21<u>27</u>

ARTICLE IV REPAYMENTS, PREPAYMENTS, INTEREST AND FEES <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>21<u>27</u>

Section 4.01&nbsp;&nbsp;&nbsp;&nbsp;Repayment of Term Loan Advances <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>21<u>27</u> 

Section 4.02&nbsp;&nbsp;&nbsp;&nbsp;Repayment of LC Loans. <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>22<u>28</u> 

Section 4.03&nbsp;&nbsp;&nbsp;&nbsp;Repayment of Working Capital Advances. <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>22<u>28</u> 

Section 4.04&nbsp;&nbsp;&nbsp;&nbsp;Interest Payment Dates <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>22<u>29</u> 

Section 4.05&nbsp;&nbsp;&nbsp;&nbsp;Interest Rates <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>23<u>29</u> 

Section 4.06&nbsp;&nbsp;&nbsp;&nbsp;Conversion Options <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>24<u>30</u> 

Section 4.07&nbsp;&nbsp;&nbsp;&nbsp;Post-Maturity Interest Rates; Default Interest Rates <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>24<u>31</u> 

Section 4.08&nbsp;&nbsp;&nbsp;&nbsp;Interest Rate Determination <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>25<u>31</u>

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Section 4.09&nbsp;&nbsp;&nbsp;&nbsp;Computation of Interest and Fees <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>25<u>31</u> 

Section 4.10&nbsp;&nbsp;&nbsp;&nbsp;Terms of All Prepayments <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>25<u>32</u> 

Section 4.11&nbsp;&nbsp;&nbsp;&nbsp;Voluntary Prepayment <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>26<u>32</u> 

Section 4.12&nbsp;&nbsp;&nbsp;&nbsp;Mandatory Prepayment <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>26<u>33</u> 

Section 4.13&nbsp;&nbsp;&nbsp;&nbsp;Time and Place of Payments <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>27<u>34</u> 

Section 4.14&nbsp;&nbsp;&nbsp;&nbsp;Advances and Payments Generally <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>28<u>35</u> 

Section 4.15&nbsp;&nbsp;&nbsp;&nbsp;Fees <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>28<u>35</u> 

Section 4.16&nbsp;&nbsp;&nbsp;&nbsp;Pro Rata Treatment <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>30<u>38</u> 

Section 4.17&nbsp;&nbsp;&nbsp;&nbsp;Sharing of Payments <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>30<u>40</u> 

Section 4.18&nbsp;&nbsp;&nbsp;&nbsp;Defaulting Lenders <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>31<u>40</u>

ARTICLE V SOFR AND TAX PROVISIONS <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>33<u>43</u>

Section 5.01&nbsp;&nbsp;&nbsp;&nbsp;Illegality <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>33<u>43</u> 

Section 5.02&nbsp;&nbsp;&nbsp;&nbsp;Inability to Determine Applicable Interest Rate <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>34<u>43</u> 

Section 5.03&nbsp;&nbsp;&nbsp;&nbsp;Increased Costs <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>34<u>44</u> 

Section 5.04&nbsp;&nbsp;&nbsp;&nbsp;Obligation to Mitigate <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>35<u>45</u> 

Section 5.05&nbsp;&nbsp;&nbsp;&nbsp;Funding Losses <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>36<u>45</u> 

Section 5.06&nbsp;&nbsp;&nbsp;&nbsp;Taxes <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>36<u>46</u> 

Section 5.07&nbsp;&nbsp;&nbsp;&nbsp;Replacement Benchmark Setting <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>36<u>46</u>

ARTICLE VI REPRESENTATIONS AND WARRANTIES <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>38<u>47</u>

Section 6.01&nbsp;&nbsp;&nbsp;&nbsp;Incorporation of Common Terms Agreement <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>38<u>47</u> 

ARTICLE VII CONDITIONS PRECEDENT <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>38<u>48</u>

Section 7.01&nbsp;&nbsp;&nbsp;&nbsp;Conditions to <u>Initial</u> Closing <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>38<u>48</u> 

<u>Section 7.02</u>&nbsp;&nbsp;&nbsp;&nbsp;<u>Conditions to Upsize Closing</u>&nbsp;&nbsp;&nbsp;&nbsp;48

Section 7.02<u>7.03</u>&nbsp;&nbsp;&nbsp;&nbsp;Conditions to Each Term Loan Advance <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>38<u>48</u> 

Section 7.03<u>7.04</u>&nbsp;&nbsp;&nbsp;&nbsp;Conditions to Each Working Capital Advance. <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>38<u>48</u> 

Section 7.04<u>7.05</u>&nbsp;&nbsp;&nbsp;&nbsp;Conditions to Occurrence of the Project Phase 1 Completion Date. <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>39<u>48</u>

<u>Section 7.06</u>&nbsp;&nbsp;&nbsp;&nbsp;<u>Conditions to Occurrence of the Project Phase 2 Completion Date</u>&nbsp;&nbsp;&nbsp;&nbsp;49

ARTICLE VIII COVENANTS <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>39<u>49</u>

Section 8.01&nbsp;&nbsp;&nbsp;&nbsp;Covenants <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>39<u>49</u> 

ARTICLE IX DEFAULT AND ENFORCEMENT <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>39<u>49</u>

Section 9.01&nbsp;&nbsp;&nbsp;&nbsp;Events of Default <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>39<u>49</u> 

Section 9.02&nbsp;&nbsp;&nbsp;&nbsp;Acceleration Upon Bankruptcy <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>39<u>49</u> 

Section 9.03&nbsp;&nbsp;&nbsp;&nbsp;Action Upon Event of Default <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>39<u>49</u> 

Section 9.04&nbsp;&nbsp;&nbsp;&nbsp;Cash Collateralization of Letters of Credit. <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>41<u>51</u> 

Section 9.05&nbsp;&nbsp;&nbsp;&nbsp;Application of Proceeds <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>41<u>51</u>

ARTICLE X THE CREDIT FACILITY AGENT <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>41<u>51</u>

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Section 10.01&nbsp;&nbsp;&nbsp;&nbsp;Appointment and Authority <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>41<u>51</u> 

Section 10.02&nbsp;&nbsp;&nbsp;&nbsp;Rights as a Facility Lender or Hedging Bank <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>42<u>52</u> 

Section 10.03&nbsp;&nbsp;&nbsp;&nbsp;Exculpatory Provisions <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>43<u>53</u> 

Section 10.04&nbsp;&nbsp;&nbsp;&nbsp;Reliance by Credit Facility Agent <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>44<u>54</u> 

Section 10.05&nbsp;&nbsp;&nbsp;&nbsp;Delegation of Duties <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>45<u>55</u> 

Section 10.06&nbsp;&nbsp;&nbsp;&nbsp;Indemnification by the Lenders <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>45<u>55</u> 

Section 10.07&nbsp;&nbsp;&nbsp;&nbsp;Resignation or Removal of Credit Facility Agent <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>46<u>56</u> 

Section 10.08&nbsp;&nbsp;&nbsp;&nbsp;No Amendment to Duties of Credit Facility Agent Without Consent<u>&nbsp;&nbsp;&nbsp;&nbsp;</u>47<u>57</u>

Section 10.09&nbsp;&nbsp;&nbsp;&nbsp;Non-Reliance on Credit Facility Agent, Lenders and Issuing <br>Banks<u>&nbsp;&nbsp;&nbsp;&nbsp;</u>48<u>58</u>

Section 10.10&nbsp;&nbsp;&nbsp;&nbsp;No Arranger Duties <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>48<u>58</u> 

Section 10.11&nbsp;&nbsp;&nbsp;&nbsp;Copies <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>48<u>58</u> 

Section 10.12&nbsp;&nbsp;&nbsp;&nbsp;General Provisions as to Payments <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>48<u>58</u> 

Section 10.13&nbsp;&nbsp;&nbsp;&nbsp;Agreement to Comply with Finance Documents <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>49<u>59</u> 

Section 10.14&nbsp;&nbsp;&nbsp;&nbsp;Certain ERISA Matters <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>49<u>59</u> 

Section 10.15&nbsp;&nbsp;&nbsp;&nbsp;Erroneous Payments <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>50<u>60</u> 

Section 10.16&nbsp;&nbsp;&nbsp;&nbsp;Certain Representations and Warranties of the Lenders and Issuing Banks <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>53<u>63</u>

ARTICLE XI MISCELLANEOUS PROVISIONS <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>54<u>64</u>

Section 11.01&nbsp;&nbsp;&nbsp;&nbsp;Decisions; Amendments, Etc. <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>54<u>64</u> 

Section 11.02&nbsp;&nbsp;&nbsp;&nbsp;Entire Agreement <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>58<u>67</u> 

Section 11.03&nbsp;&nbsp;&nbsp;&nbsp;Applicable Government Rule; Jurisdiction; Etc. <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>58<u>68</u> 

Section 11.04&nbsp;&nbsp;&nbsp;&nbsp;Assignments <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>58<u>68</u> 

Section 11.05&nbsp;&nbsp;&nbsp;&nbsp;Benefits of Agreement <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>64<u>75</u> 

Section 11.06&nbsp;&nbsp;&nbsp;&nbsp;Counterparts; Effectiveness <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>64<u>75</u> 

Section 11.07&nbsp;&nbsp;&nbsp;&nbsp;Indemnification by the Obligors <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>65<u>75</u> 

Section 11.08&nbsp;&nbsp;&nbsp;&nbsp;Interest Rate Limitation <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>66<u>76</u> 

Section 11.09&nbsp;&nbsp;&nbsp;&nbsp;No Waiver; Cumulative Remedies <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>66<u>76</u> 

Section 11.10&nbsp;&nbsp;&nbsp;&nbsp;Notices and Other Communications <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>66<u>77</u>

Section 11.11&nbsp;&nbsp;&nbsp;&nbsp;USA Patriot Act Notice <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>67<u>77</u> 

Section 11.12&nbsp;&nbsp;&nbsp;&nbsp;Payments Set Aside <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>67<u>78</u> 

Section 11.13&nbsp;&nbsp;&nbsp;&nbsp;Right of Set-Off <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>67<u>78</u> 

Section 11.14&nbsp;&nbsp;&nbsp;&nbsp;Severability <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>67<u>78</u>

Section 11.15&nbsp;&nbsp;&nbsp;&nbsp;Survival <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>68<u>78</u> 

Section 11.16&nbsp;&nbsp;&nbsp;&nbsp;Treatment of Certain Information; Confidentiality <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>68<u>79</u> 

Section 11.17&nbsp;&nbsp;&nbsp;&nbsp;Waiver of Consequential Damages, Etc. <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>68<u>79</u> 

Section 11.18&nbsp;&nbsp;&nbsp;&nbsp;Waiver of Litigation Payments <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>68<u>79</u> 

Section 11.19&nbsp;&nbsp;&nbsp;&nbsp;Reinstatement <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>69<u>79</u> 

Section 11.20&nbsp;&nbsp;&nbsp;&nbsp;No Recourse <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>69<u>80</u> 

Section 11.21&nbsp;&nbsp;&nbsp;&nbsp;Intercreditor Agreement <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>69<u>80</u> 

Section 11.22&nbsp;&nbsp;&nbsp;&nbsp;Termination <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>69<u>80</u>

Section 11.23&nbsp;&nbsp;&nbsp;&nbsp;Acknowledgement and Consent to Bail-In of Affected Financial Institutions <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>69<u>80</u>

Section 11.24&nbsp;&nbsp;&nbsp;&nbsp;Acknowledgment Regarding any Supported QFCs <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>70<u>80</u>

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Section 11.25&nbsp;&nbsp;&nbsp;&nbsp;Data Protection; Information Exchange <u>&nbsp;&nbsp;&nbsp;&nbsp;</u>70<u>81</u>

<u>Sectio</u>n 11.26&nbsp;&nbsp;&nbsp;&nbsp;<u>Amendment to Initial Commitment Letter</u>&nbsp;&nbsp;&nbsp;&nbsp;82

<u>Sectio</u>n 11.2&nbsp;&nbsp;&nbsp;&nbsp;<u>Amendment</u>&nbsp;&nbsp;&nbsp;&nbsp;82

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**SCHEDULES** | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schedule I | &nbsp;&nbsp;&nbsp;- Lenders, Commitments |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schedule II | &nbsp;&nbsp;&nbsp;- Issuing Bank Limits |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schedule III | &nbsp;&nbsp;&nbsp;- Amortization Schedule |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schedule IV | &nbsp;&nbsp;&nbsp;- Credit Facility Agent Account Details |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schedule V | &nbsp;&nbsp;&nbsp;- Existing Letter<u>Letters</u> of Credit |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**EXHIBITS** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit A | &nbsp;&nbsp;&nbsp;- Definitions |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit B-1 | &nbsp;&nbsp;&nbsp;- Form of Term Loan Note |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit B-2 | &nbsp;&nbsp;&nbsp;- Form of Working Capital Note |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit C | &nbsp;&nbsp;&nbsp;- [Reserved] |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit D | &nbsp;&nbsp;&nbsp;- Form of Interest Period Notice |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit E | &nbsp;&nbsp;&nbsp;- Form of Lender Assignment Agreement |

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<u>CREDIT FACILITY AGREEMENT</u>

This **CREDIT FACILITY AGREEMENT**, dated as of July 28, 2025-<u>(</u><u>, and as first amended by the Amendment No. 1 to the Credit Facility Agreement and Waiver to Common Terms Agreement dated as of March 13, 2026 (such first amendment, the "</u>*<u>Amendment No. 1</u>* <u>") (as amended by Amendment No. 1, and as further amended, amended and restated, modified or supplemented from time to time,</u> the "*Credit Facility Agreement*" or this "*Agreement*"), is made among:

**VENTURE GLOBAL CP2 LNG, LLC**, a limited liability company organized under the laws of the State of Delaware (the "*Borrower*"),

**VENTURE GLOBAL CP EXPRESS, LLC**, a limited liability company organized under the laws of the State of Delaware (the "*Pipeline Company*"),

**CP2 PROCUREMENT, LLC**, a limited liability company organized under the laws of the State of Delaware (the "*Procurement Company*" and, together with the Pipeline Company, the "*Guarantors*" and each a "*Guarantor*"),

**MUFG BANK, LTD.**, in its capacity as administrative agent for the Lenders and Issuing Banks hereunder (and, together with each other Person that may, from time to time, be appointed as successor Credit Facility Agent in accordance with <u>Section 10.07</u> (*Resignation or Removal of Credit Facility Agent*), the "*Credit Facility Agent*"),

Solely for purposes of <u>Section 3.06</u> (*Non-Fronted Letters of Credit*), **SUMITOMO MITSUI BANKING CORPORATION**, as the Collateral Agent (the "*Collateral Agent*"),

Each of the Issuing Banks party hereto from time to time, and

Each of the Lenders party hereto from time to time.

WHEREAS, the Borrower intends to engage in the Development;

WHEREAS, on the Borrower has requested that (i) the<u>lnitial Closing Date (i) the Tranche 1</u> Working Capital Lenders and the <u>Tranche 1</u> Issuing Banks establish<u>established</u> a working capital credit facility in order to provide loans and letters of credit which are to be used by, or otherwise be issued for the account of, the Obligors, as set forth herein and in the other Finance Documents (the "*<u>Tranche 1</u> Working Capital Facility*"), and (ii) the <u>Tranche 1</u> Term Lenders establish<u>established</u> a credit facility in order to provide funds which are to be used to partially finance the Development through the payment of Project Costs and otherwise, as set forth herein and in the other Finance Documents (the "*<u>Tranche 1</u> Term Loan Facility* "<u>, and, together with the Tranche 1 Working Capital Facility, the "</u> *<u>Tranche 1 Facilities</u>*<u>"</u>);

<u>WHEREAS, subject to the terms set forth herein, (i) the Tranche 2 Working Capital Lenders have agreed to extend to the Borrower a working capital credit facility in the amount of $750,000,000 in order to provide loans and letters of credit which are to be used by, or otherwise be issued for the account of, the Obligors, as set forth herein and in the other Finance Documents (such facility, the "</u>*<u>Tranche 2 Working Capital Facility</u>*<u>"), and (ii) the Tranche 2 Term Lenders</u> 

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<u>have agreed to extend to the Borrower a credit facility in an aggregate principal amount of $7,850,000,000 in order to provide funds which are to be used to partially finance the Development through the payment of Project Costs and otherwise, as set forth herein and in the other Finance Documents (the "</u>*<u>Tranche 2 Term Loan Facility</u>*<u>" and, together with the Tranche 2 Working Capital Facility, the "</u>*<u>Tranche 2 Facilities</u>*<u>");</u>

WHEREAS, pursuant to that certain Assignment of Intercompany Loan Agreement, dated as of the date hereof<u>July 28, 2025</u>, by and between the Borrower, the Guarantors, the Sponsor and the Credit Facility Agent, the Sponsor has assigned to the Credit Facility Agent all of its right, title and interest in and to that certain Intercompany Loan Agreement, dated as of December 28, 2023, by and between the Sponsor, as lender, and the Borrower, as Borrower, as amended by that certain First Amendment to the Intercompany Loan Agreement, dated as of December 11, 2024 (the "*Intercompany Loan Agreement*"), and the loans to the Borrower made thereunder in the principal amount of up to $150,000,000; and

WHEREAS, <u>on the Initial Closing Date,</u> the Borrower, the Guarantors, the Credit Facility Agent, Working Capital Lenders, the Issuing Banks, the Term Lenders and, solely for purposes of <u>Section 3.06</u> (*Non-Fronted Letters of Credit*), the Collateral Agent, desire to amend and restate<u>amended and restated</u> the Intercompany Loan Agreement to make such credit facilities available upon and subject to the terms and conditions hereinafter set forth. <u>in the Original Credit Facility Agreement; and</u>

<u>WHEREAS, in connection with the extension of the Tranche 2 Facilities to the Borrower, the parties to the Amendment No.&nbsp;&nbsp;&nbsp;&nbsp;1 have agreed to amend the Original Credit Facilit</u> 

<u>Agreement upon the terms and conditions hereof.</u>

NOW THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto<u>to the Amendment No. 1</u> hereby amend and restate the Intercompany Loan<u>the Credit Facility</u> Agreement in its entirety and agree as follows:

ARTICLE I

DEFINITIONS AND INTERPRETATION

<u>Section 1.01 Defined Terms</u>. Unless otherwise defined in <u>Exhibit A,</u> capitalized terms used in this Agreement (including the preamble hereto) shall have the meanings provided in Section 1.3 (*Definitions*) of Schedule A (*Common Definitions and Rules of Interpretation*) of the Common Terms Agreement.

<u>Section 1.02 Principles of Interpretation</u>. Unless otherwise provided herein, this Agreement shall be governed by the principles of interpretation provided in Section 1.2 (*Interpretation*) of Schedule A (*Common Definitions and Rules of Interpretation*) of the Common Terms Agreement, *mutatis mutandis*.

<u>Section 1.03 UCC Terms</u>. Unless otherwise defined herein or in Schedule A (*Common Definitions and Rules of Interpretation*) of the Common Terms Agreement, terms used herein that are defined in the UCC shall have the respective meanings given to those terms in the UCC.

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<u>Section 1.04 Accounting and Financial Determinations</u>. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; *provided* that, if the Borrower notifies the Intercreditor Agent and the Credit Facility Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the <u>Upsize</u> Closing Date in GAAP or in the application thereof on the operation of, or calculation of compliance with, such provision so as to preserve the original intent thereof in light of such change in GAAP (or if the Intercreditor Agent and Credit Facility Agent, as the case may be, notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such provision has been amended in accordance herewith.

<u>Section 1.05 Designations</u>. This Agreement is a Facility Agreement and a Senior Debt Instrument, the Term Lenders, Working Capital Lenders and Issuing Banks in this Agreement are Senior Creditors and the Credit Facility Agent is the Senior Creditor Group Representative of the Term Lenders, the Working Capital Lenders and the Issuing Banks, in each case under the Finance Documents.

<u>Section 1.06 Rates</u>. The Credit Facility Agent does not warrant or accept responsibility for, and shall not have any liability with respect to (a) the continuation of, administration of, submission of, calculation of or any other matter related to the Base Rate, the Term SOFR Reference Rate or Term SOFR, or any component definition thereof or rates referred to in the definition thereof, or any alternative, successor or replacement rate thereto (including any Benchmark Replacement), including whether the composition or characteristics of any such alternative, successor or replacement rate (including any Benchmark Replacement) will be similar to, or produce the same value or economic equivalence of, or have the same volume or liquidity as, the Base Rate, the Term SOFR Reference Rate, Term SOFR or any other Benchmark prior to its discontinuance or unavailability, or (b) the effect, implementation or composition of any Conforming Changes. The Credit Facility Agent and its affiliates or other related entities may engage in transactions that affect the calculation of the Base Rate, the Term SOFR Reference Rate, Term SOFR, any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower. The Credit Facility Agent may select information sources or services in its reasonable discretion to ascertain the Base Rate, the Term SOFR Reference Rate, Term SOFR or any other Benchmark, in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or service.

<u>Section 1.07 Divisions</u>. For all purposes under the Finance Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction's laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred

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from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time.

ARTICLE II

COMMITMENTS AND ADVANCES

On the terms, subject to the conditions and relying upon the representations and warranties herein set forth:

<u>Section 2.01 Term Loans</u><u>.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Subject to the terms and conditions set forth herein, and in each case under Section 2.01(a)(i)-(ii) (</u>*<u>Term Loans</u>*<u>), but not more frequently than as permitted under Section 2.05 (</u>*<u>Procedures for Requesting Advances</u>*<u>) for use in accordance with Section 2.09(a) (</u>*<u>Use of Proceeds</u>*<u>):</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(i) Each Tranche 1 Term Lender, severally and not jointly, shall make Tranche 1 Term Loans to the Borrower: in an aggregate principal amount not in excess of the Tranche 1 Term Loan Commitments of such Tranche 1 Term Lender, if any, from time to time during the Tranche 1 Term Loan Availability Period,</u> *<u>provided</u>* <u>that, after giving effect to the making of any Tranche 1 Term Loans, the aggregate outstanding principal amount of all Tranche 1 Term Loans shall not exceed the Aggregate Tranche 1 Term Loan Commitments. The aggregate amount of the Tranche 1 Term Loan Commitments as of the Upsize Closing Date is $</u>[\*\*\*]<u>; and</u>

. (aii) Each <u>Tranche 2</u> Term Lender, severally and not jointly, shall make <u>Tranche 2</u> Term Loans to the Borrower: in an aggregate principal amount not in excess of the <u>Tranche 2</u> Term Loan Commitments of such <u>Tranche 2</u> Term Lender, if any, from time to time during the <u>Tranche 2</u> Term Loan Availability Period but not more frequently than as permitted under <u>S</u><u>e</u><u>ction 2.05</u> (*Procedures for Requesting Advances*) for use in accordance with <u>Section 2.09(a)(i)</u> (*Use of Proceeds*);, *provided* that, after giving effect to the making of any <u>Tranche 2</u> Term Loans, the aggregate outstanding principal amount of all <u>Tranche 2</u> Term Loans shall not exceed the Aggregate <u>Tranche 2</u> Term Loan Commitments. The aggregate amount of the <u>Tranche 2</u> Term Loan Commitments as of the <u>Upsize</u> Closing Date is $[\*\*\*].

(b)Each Term Loan Advance shall be in an amount specified in the relevant Disbursement Request.

(c)Proceeds of the Term Loans shall be deposited into the Construction Account in accordance with Section 4.5(a) (*Deposits and Withdrawals - Disbursements of Senior Debt*) of the Common Security and Account Agreement. The Obligors shall not request or apply any portion of any Term Loan other than in accordance with this <u>Section 2.01</u> (*Term Loans*), and- <u>Sections 2.02</u> (*Term Loan Availability*) and <u>2.09</u> (*Use of Proceeds*) of this Agreement and Sections 2.3 (*Loan Disbursement and Letter of Credit Issuance Procedures*), 2.4 (*Pro Rata Advances*), 2.6 (*Currency*) and 12.1 (*Use of Proceeds*) of the Common Terms Agreement. Neither the Credit Facility Agent nor the Term Lenders are under any obligation hereunder to inquire into or verify

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the application of any Term Loan but this does not affect or limit the Obligors' obligations hereunder or under the Common Terms Agreement.

(d)Term Loans that are repaid or prepaid may not be reborrowed.

<u>Section 2.02 Term Loan Availability</u><u>.</u>

. (a) Subject to the terms and conditions set forth in this Agreement and the Common Terms Agreement, each <u>Tranche 1</u> Term Lender severally, and not jointly or jointly and severally, agrees to advance to the Borrower its pro rata share of such <u>Tranche 1</u> Term Lender's <u>Tranche 1</u> Term Loan Commitment as the Borrower may request under this <u>Section 2.02</u> (*Term Loan Availability*) and the applicable Disbursement Request (each such Advance when made, individually, a "*<u>Tranche 1</u> Term Loan*" and, collectively, the "*<u>Tranche 1</u> Term Loans*"), in an aggregate principal amount not to exceed such <u>Tranche 1</u> Term Lender's <u>Tranche 1</u> Term Loan Commitment, from time to time during the period commencing on the <u>Initial</u> Closing Date and ending on the earliest of (such period, the "*<u>Tranche 1</u> Term Loan Availability Period"):*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Phase 1 LNG Facility Date Certain;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the Project Phase 1 Completion Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the date the <u>Tranche 1</u> Term Loan Commitments are fully utilized or of any cancellation or&nbsp;&nbsp;&nbsp;&nbsp;termination of all of the remaining <u>Tranche 1</u> Term Loan Commitments pursuant to Section 3.8 (*Reductions and Cancellations of Facility Debt Commitments*) of the Common Terms Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)the date the Required Lenders terminate their Commitments upon the occurrence and during the Continuance of a Loan Facility Event of Default.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)&nbsp;&nbsp;&nbsp;&nbsp;Subject to the terms and conditions set forth in this Agreement and the Common Terms Agreement, each Tranche 2 Term Lender severally, and not jointly or jointly and severally, agrees to advance to the Borrower its pro rata share of such Tranche 2 Term Lender's Tranche 2 Term Loan Commitment as the Borrower may request under this Section 2.02 (</u>*<u>Term Loan Availability</u>*<u>) and the applicable Disbursement Request (each such Advance when made, individually, a "</u>*<u>Tranche 2 Term Loan</u>*<u>" and, collectively, the "</u>*<u>Tranche 2 Term Loans</u>*<u>"), in an aggregate principal amount not to exceed such Tranche 2 Term Lender's Tranche 2 Term Loan Commitment, from time to time during the period commencing on the Upsize Closing Date and ending on the earliest of (such period, the "</u>*<u>Tranche 2 Term Loan Availability Period"):</u>*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(i)</u><u>the Phase 2 LNG Facility Date Certain;</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(ii)</u><u>the Project Phase 2 Completion Date;</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(iii)</u><u>the date the Tranche 2 Term Loan Commitments are fully utilized or of any cancellation or termination of all of the remaining Tranche 2 Term Loan Commitments pursuant to Section 3.8 (</u>*<u>Reductions and Cancellations of Facility Debt Commitments</u>*<u>) of the Common Terms Agreement; and</u>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(iv)</u><u>the date the Required Lenders terminate their Commitments upon the occurrence and during the Continuance of a Loan Facility Event of Default.</u>

(b<u>c</u>) &nbsp;&nbsp;&nbsp;&nbsp;Subject to <u>Section 7.01</u> (*Conditions to <u>Initial</u> Closing*) (which incorporates by reference Section 4.1 (*Conditions to <u>Initial</u> Closing Date and Initial Advance*) of the Common Terms Agreement), <u>Section 7.02</u> (*Conditions to <u>Upsize Closing</u>*<u>) (which incorporates by reference Section 4.2 (</u>*<u>Conditions to Upsize Closing</u>*<u>) of the Common Terms Agreement), Section 7.03 (</u>*<u>Conditions to</u> Each Term Loan Advance*) (which incorporates by reference Section 42<u>4.3</u> (*Conditions to Each Term Loan Advance*) of the Common Terms Agreement), Section 2.2 (*Sequence ofAdvances of Senior Debt*) of the Common Terms Agreement, Section 2.4 (*Pro Rata Advances*) of the Common Terms Agreement and the applicable conditions of Article 4 (*Conditions Precedent*) of the Common Terms Agreement and <u>Section 2.02(a)</u> (*Term Loan Availability*) of this Agreement, the Borrower shall be entitled to <u>(a)</u> draw down all or a portion of the unused <u>Tranche 1</u> Term Loan Commitments before or on the final date of the <u>Tranche 1</u> Term Loan Availability Period<u>,</u> *<u>provided</u>*<u>,</u> *<u>that</u>*<u>, notwithstanding, the requirements of Section 4.16 (</u>*<u>Pro Rata Treatment</u>*<u>) of this Agreement, if on the final date of the Tranche 1 Term Loan Availability Period, there are any remaining unused Tranche 1 Term Loan Commitments, the Borrower may draw down all or a portion of such Commitments without drawing down any corresponding portion of the Tranche 2 Term Loan Commitments and (b) draw down all or a portion of the unused Tranche 2 Term Loan Commitments before or on the final date of the Tranche 2 Term Loan Availability Period, in both cases</u> for the purposes set forth in Section 12.1 (*Use of Proceeds*) of the Common Terms Agreement and <u>Section 2.09</u> (*Use of Proceeds*) of this Agreement.

<u>Section 2.03 Working Capital Loans.</u><u>(a)&nbsp;&nbsp;&nbsp;&nbsp;(a)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(i)</u><u>Each Tranche 1 Working Capital Lender, severally and not jointly, shall</u> <u>make Tranche 1 Working Capital Loans to the Borrower in an aggregate principal amount not in excess of its Tranche 1 Working Capital Commitment from time to time during the Tranche 1 Working Capital Loan Availability Period;</u> *<u>provided</u>* <u>that, after giving effect to the making of any Tranche 1 Working Capital Loans, (A) the aggregate Tranche 1 Working Capital Commitment Exposure for all Tranche 1 Working Capital Lenders shall not exceed the Aggregate Tranche 1 Working Capital Commitments and (B) no Tranche 1 Working Capital Lender shall be required to make any Tranche 1 Working Capital Loan if such Tranche 1 Working Capital Lender's Tranche 1 Working Capital Commitment Exposure would exceed its Working Capital Commitment; and</u>

(aii) Each <u>Tranche 2</u> Working Capital Lender, severally and not jointly, shall make <u>Tranche 2</u> Working Capital Loans to the Borrower in an aggregate principal amount not in excess of its <u>Tranche 2</u> Working Capital Commitment from time to time during the <u>Tranche 2</u> Working Capital Loan Availability Period; *provided* that, after giving effect to the making of any <u>Tranche 2</u> Working Capital Loans, (i<u>A</u>) the aggregate

<u>Tranche 2</u> Working Capital Commitment Exposure for all <u>Tranche 2</u> Working Capital Lenders shall not exceed the Aggregate <u>Tranche 2</u> Working Capital Commitments and (ii<u>B</u>) no <u>Tranche 2</u> Working Capital Lender shall be required to make any <u>Tranche 2</u> 

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Working Capital Loan if such <u>Tranche 2</u> Working Capital Lender's <u>Tranche 2</u> Working Capital Commitment Exposure would exceed its Working Capital Commitment.

(b)Each Working Capital Advance shall be in an amount specified in the relevant Disbursement Request.

(c)Proceeds of the Working Capital Loans shall be deposited or applied in accordance with Section 4.5(a) (*Deposits and Withdrawals - Disbursements of Senior Debt*) of the Common Security and Account Agreement. The Obligors shall not request or apply any portion of any Working Capital Loan other than in accordance with this <u>Section 2.03</u> (*Working Capital Loans*), <u>Sections 2.04</u> (*Working Capital Loan Availability*) and <u>2.09</u> (*Use of Proceeds*) of this Agreement and Sections 2.3 (*Loan Disbursement and Letter of Credit Issuance Procedures*) and 2.6 (*Currency*) of the Common Terms Agreement. Neither the Credit Facility Agent nor the Working Capital Lenders are under any obligation hereunder to inquire into or verify the application of any Working Capital Loan but this does not affect or limit any Obligor's obligations hereunder or under the Common Terms Agreement.

(d)Working Capital Loans repaid or prepaid, except in accordance with Sections <u>4.12(b)(ii), (iii)</u> and <u>(iv)</u> (*Mandatory Prepayment*), may be re-borrowed at any time and from time to time up to but excluding the Working Capital Loan Termination Date. Each Working Capital Lender's Working Capital Commitment shall expire on the <u>applicable</u> Working Capital Loan Termination Date and all other amounts owed hereunder with respect to Working Capital Loans and the Working Capital Commitments shall be paid in full no later than such date.

<u>Section 2.04 Working Capital Loan Availability.</u> <u>(a)</u>

<u>(a)</u>-(a)&nbsp;&nbsp;&nbsp;&nbsp;Subject to the terms and conditions set forth in this Agreement and the Common Terms Agreement, each <u>Tranche 1</u> Working Capital Lender severally, and not jointly or jointly and severally, agrees to make Advances to the Borrower in the amount of its <u>applicable</u> Commitment Percentage of the amount the Borrower may request, in accordance with this <u>Section 2.04</u> (*Working Capital Loan Availability*) and the applicable Disbursement Request (each such Advance, when made, individually, a "*<u>Tranche 1</u> Working Capital Loan*" and, collectively, the "*<u>Tranche 1</u> Working Capital Loans*"), in an aggregate principal amount not to exceed such <u>Tranche 1</u> Working Capital Lender's unused <u>Tranche 1</u> Working Capital Commitment such that its <u>Tranche 1</u> Working Capital Commitment Exposure does not exceed its <u>Tranche 1</u> Working Capital Commitment after giving effect to such <u>Tranche 1</u> Working Capital Loan, from time to time during the period commencing on the <u>Initial</u> Closing Date and, in each case, ending on the earliest to occur of the following dates (the "*<u>Tranche 1</u> Working Capital Loan Termination Date*") (such period, the "*<u>Tranche 1</u> Working Capital Loan Availability Period"):*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Final Maturity Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the date of any cancellation or termination of all of the remaining <u>Tranche 1</u> Working Capital Commitments pursuant to <u>Section 2.07</u> (*Termination or Reduction of Commitments*); and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the date the Working Capital<u>Required</u> Lenders terminate their Working Capital Commitments upon the occurrence and during the Continuance of a Working Capital<u>Loan</u> Facility Event of Default.

<u>(b)</u><u>Subject to the terms and conditions set forth in this Agreement and the Common Terms Agreement, each Tranche 2 Working Capital Lender severally, and not jointly or jointly and severally, agrees to make Advances to the Borrower in the amount of its applicable Commitment Percentage of the amount the Borrower may request, in accordance with this Section 2.04 (</u>*<u>Working Capital Loan Availability</u>*<u>) and the applicable Disbursement Request (each such Advance, when made, individually, a "</u>*<u>Tranche 2 Working Capital Loan</u>*<u>" and, collectively, the "</u>*<u>Tranche 2 Working Capital Loans</u>*<u>"), in an aggregate principal amount not to exceed such Tranche 2 Working Capital Lender's unused Tranche 2 Working Capital Commitment such that its Tranche 2 Working Capital Commitment Exposure does not exceed its Tranche 2 Working Capital Commitment after giving effect to such Tranche 2 Working Capital Loan, from time to time during the period commencing on the Upsize Closing Date and, in each case, ending on the earliest to occur of the following dates (the "</u>*<u>Tranche 2 Working Capital Loan Termination Date</u>*<u>") (such period, the "</u>*<u>Tranche 2 Working Capital Loan Availability Period</u>*<u>"):</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(i)</u><u>the Final Maturity Date;</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(ii)</u><u>the date of any cancellation or termination of all of the remaining Tranche 2 Working Capital Commitments pursuant to Section 2.07 (</u>*<u>Termination or Reduction of Commitments</u>*<u>); and</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(iii)</u><u>the date the Required Lenders terminate their Commitments upon the occurrence and during the Continuance of a Loan Facility Event of Default.</u>

(bc) Subject to the conditions of <u>Section 2.03</u> (*Working Capital Loans*), <u>Section 7.01</u> (*Conditions to <u>Initial</u> Closing*) (which incorporates by reference Section 4.1 (*Conditions to <u>Initial</u> Closing Date and Initial Advance*) of the Common Terms Agreement) and, <u>Section</u> <u>703</u><u>7.02</u> <u>(</u>*<u>Conditions</u> <u>to Upsize Closing</u>*<u>) (which incorporates by reference Section 4.2 (</u>*<u>Conditions to Upsize Closing Date</u>*<u>) of the Common Terms Agreement) and Section 7.04 (</u>*<u>Conditions</u> to Each Working Capital Advance*) of this Agreement (which incorporates by reference Section 4.3<u>4.4</u> (*Conditions to Each Advance under the Working Capital Facility*) of the Common Terms Agreement), and this <u>Section 2.04</u> (*Working Capital Loan Availability*), the Borrower shall be entitled to <u>(a)</u> draw all or a portion of the unused <u>Tranche 1</u> Working Capital Commitments before or on the final date of the <u>Tranche 1</u> Working Capital Loan Availability Period <u>and (b) draw all or a portion of the unused Tranche 2 Working Capital Commitments before or on the final date of the Tranche 2 Working Capital Loan Availability Period, in both cases</u> for the purposes set forth in Section 12.1 (*Use of Proceeds*) of the Common Terms Agreement and <u>Section 2.09(b)</u> (*Use of Proceeds*).

<u>Section 2.05 Procedures for Requesting Advances</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)From time to time, but no more frequently than twice per calendar month (<u>with Tranche 1 Term Loan Advances and Tranche 2 Term Loan Advances calculated on a cumulative basis, provided that Advances of Tranche 1 Term Loans and Tranche 2 Term Loans on the</u> 

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<u>same date shall be treated as a single Advance for this purpose, and</u> except as required for the payment of interest or Commitment Fees during the <u>(i) Tranche 1 Term Loan Availability Period and (ii) Tranche 2</u> Term Loan Availability Period, <u>in both cases</u> subject to the limitations set forth in <u>Sections 2.01</u> (*Term Loans*)— and <u>2.02</u> (*Term Loan Availability*) above and Sections 2.2 (*Sequence of Advances of Senior Debt*) and 2.4 (*Pro Rata Advances*) of the Common Terms Agreement), the Borrower may request a <u>Tranche 1</u> Term Loan Advance <u>and a Tranche 2 Term Loan Advance (on a pro rata basis in accordance with Section 4.16</u> *<u>(Pro Rata Treatment</u>*<u>))</u> by delivering to the Credit Facility Agent a properly completed Disbursement Request in accordance with Section 2.3 (*Loan Disbursement and Letter of Credit Procedures*) of the Common Terms Agreement and this <u>Section 2.05</u> (*Procedures for Requesting Advances*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The aggregate amount of any proposed Term Loan Advance under this Agreement must be an amount that is no more than the available Term Loan Commitments and not less than $10,000,000 and an integral multiple of $1,000,000 (unless the available Term Loan Commitments are less than $10,000,000). <u>For the avoidance of doubt, such amounts and integral multiples shall be calculated on an aggregate basis between all Tranche 1 Term Loan Advances and Tranche 2 Term Loan Advances occurring on the same day.</u> Such Advances shall be made *pro rata* with respect to other Facility Agreements in accordance with the committed principal amounts under the Term Loan Commitment subject to and in accordance with Section 2.4 (*Pro Rata Advances*) of the Common Terms Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)From time to time, subject to the limitations set forth in <u>Section 2.03</u> (*Working Capital Loans*) and <u>Section 2.04</u> (*Working Capital Loan Availability*) above <u>and in accordance with Section 4.16 (</u>*<u>Pro Rata Treatment</u>*<u>)</u>, the Borrower may request a Working Capital Advance by delivering to the Credit Facility Agent a properly completed Disbursement Request in accordance with this <u>Section 2.05</u> (*Procedures for Requesting Advances*) and Section 2.3 (*Loan Disbursement and Letter of Credit Procedures*) of the Common Terms Agreement. Working Capital Advances under this Agreement may be made concurrently with but shall not be required to be made *pro rata* with borrowings under any other Facility Agreements. For the avoidance of doubt, Working Capital Advances shall be required to be borrowed *pro rata* based on each Working Capital Lender's Commitment Percentage.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)The amount of any proposed Working Capital Advance under this Agreement must be an amount that is no more than the unused Aggregate Working Capital Commitments and not less than $5,000,000 and an integral multiple of $1,000,000 (unless the unused Aggregate Working Capital Commitments are less than $5,000,000). <u>For the avoidance of doubt, such amounts and integral multiples shall be calculated on an aggregate basis between all Tranche 1 Working Capital Advances and Tranche 2 Working Capital Advances occurring on the same day.</u>

The Credit Facility Agent shall promptly advise&nbsp;&nbsp;&nbsp;&nbsp;each Lender that has a Commitment that is to fund any portion of the<u>a</u> Term Loan Advance or <u>a</u> Working Capital

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Advance, as applicable, of any Disbursement Request delivered pursuant to this <u>Section 2.05</u> (*Procedures for Requesting Advances*), together with each such Lender's Commitment Percentage of the requested Advance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Any Disbursement Request delivered pursuant to clause (a) or (c) above shall be delivered by the Borrower to the Credit Facility Agent by 1:00 p.m. on or before the third (3<sup>rd</sup>) U.S. Government Securities Business Day prior to the requested Advance Date for the Advance of any SOFR Loans and 1:00 p.m. on or before the Business Day prior to the requested Advance Date for the Advance of any Base Rate Loans; *provided* that, the notice periods set forth in this clause (f) shall not apply with respect to the Disbursement Request for the Initial Advance- which <u>or for the</u> Disbursement Request <u>related to an Advance on the Upsize Closing Date, which, in each case,</u> may be delivered no later than 11:00 a.m. on the Business Day before the requested Advance Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Each Disbursement Request delivered pursuant to this <u>Section 2.05</u> (*Procedures for Requesting Advances*) shall be substantially in the form of Schedule B-1 to the Common Terms Agreement (*Disbursement Request Form (Term Loans)*) or Schedule B-2 to the Common Terms Agreement (*Disbursement Request Form (Working Capital Loans)*). Each such Disbursement Request shall be irrevocable and shall refer to this Agreement and specify:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)whether the requested Advance is of Working Capital Loans or Term Loans;<u>, and, to the extent the requested Advance would constitute Term Loans, whether the requested Advance is to be funded from the Tranche 1 Term Loan Facility or the Tranche 2 Term Loan Facility, and, to the extent the requested Advance would constitute Working Capital Loans, whether the requested Advance is to be funded from the Tranche 1 Working Capital Facility or the Tranche 2 Working Capital Facility;</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the requested Advance Date (which shall be a Business Day);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the amount of such requested Advance<u>, including the amount to be funded from the applicable Tranche 1 Facilities and the applicable Tranche 2 Facilities</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)whether the requested Advance is of SOFR Loans or Base Rate Loans;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)in the case of a requested Advance of SOFR Loans, the Borrower's election with respect to the duration of the initial Interest Period applicable to such SOFR Loans, which Interest Period shall be one (1), three (3) or six (6) months in length (or, if available to all applicable Lenders, such other periods as may be agreed by the Credit Facility Agent (including with respect to the Applicable Margin agreed to by all the Lenders with respect to any such Interest Period));

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)if the requested Advance is (A) of a Term Loan, that each of the conditions precedent to such Term Loan Advance has been satisfied or waived in accordance with <u>Section 7.01</u> (*Conditions to <u>Initial</u> Closing*)-or, <u>Section 7.02</u> 

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(*Conditions <u>to Upsize Closing</u>*<u>) or Section 7.03 (</u>*<u>Conditions</u> to Each Term Loan Advance*), as applicable, or (B) of a Working Capital Loan, that each of the conditions precedent to such Working Capital Advance has been satisfied or waived in accordance with <u>Section 7.01</u> (*Conditions to <u>Initial Closing</u>*<u>), Section 7.02 (</u>*<u>Conditions to Upsize</u> Closing*) or <u>Section</u> <u>703</u><u>7.04</u> (*Conditions to Each Working Capital Advance*), as applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)if such Disbursement Request is being made pursuant to <u>Section 2.09(a)</u> or <u>Section 2.09(b)</u> (*Use of Proceeds*); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)the wire information of the account to which the proceeds of such Advance are to be deposited.

The currency specified in a Disbursement Request must be US Dollars.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)If no election as to whether the requested Advance is of SOFR Loans or Base Rate Loans, then the requested Advance shall be of SOFR Loans; *provided* that, if the applicable Disbursement Request is delivered to the Credit Facility Agent later than 1:00 p.m. on the third (3<sup>rd</sup>) U.S. Government Securities Business Day prior to the proposed Advance Date, the requested Advance shall be of Base Rate Loans. If no initial Interest Period is specified with respect to any requested SOFR Loans, then the requested Advance shall be made as a SOFR Loan with an initial Interest Period of one (1) month.

<u>Section 2.06 Funding</u><u>(a)</u>&nbsp;&nbsp;&nbsp;&nbsp;. (a) Subject to clause (c) below, on the proposed Advance Date of each Advance, <u>(i)</u> each <u>Tranche 1</u> Lender shall make a <u>Tranche 1</u> Term Loan or a <u>Tranche 1</u> Working Capital Loan, as applicable<u>, or (ii) each Tranche 2 Lender shall make a Tranche 2 Term Loan or a Tranche 2 Working Capital Loan, as applicable, in the case of each of clause (i) and (ii)</u>, in the amount of its Commitment Percentage of such Advance by wire transfer of immediately available funds to the Credit Facility Agent, not later than 1:00 p.m. and the Credit Facility Agent shall transfer and deposit the amounts (i<u>A</u>) constituting proceeds of Term Loans so received as set forth in <u>Section 2.01(c)</u> or <u>(d)</u> (*Term Loans*), as applicable, for application in accordance with Section 4.5(a) (*Deposits and Withdrawals - Disbursements of Senior Debt*), Section 4.5(d) (*Deposits and Withdrawals - Construction Account*) and Section 4.5(k) (*Deposits and Withdrawals - Contingency Reserve Account*) of the Common Security and Account Agreement, as applicable, and (ii<u>B</u>) constituting proceeds of Working Capital Loans so received as set forth in <u>Section 2.03(c)</u> (*Working Capital Loans*); *provided* that, if an Advance does not occur on the proposed Advance Date because any condition precedent to such requested Advance herein specified has not been met, the Credit Facility Agent shall return the amounts so received to each applicable Lender without interest as soon as possible. <u>It is acknowledged and agreed by the parties hereto that, as of the Upsize Closing Date, the outstanding Term Loans of each Tranche are not proportionate to the Tranche 1 Term Loan Commitments and Tranche 2 Term Loan Commitments as compared to the Aggregate Term Loan Commitments. Notwithstanding anything to the contrary contained herein or in any other Finance Document (including Section 2.05(a) (</u>*<u>Procedures for Requesting Advances</u>*<u>) and Section 4.16</u> *<u>(Pro Rata Treatment</u>*<u>) of this Agreement and Section 2.4 (</u>*<u>Pro Rata Advances</u>*<u>) of the Common Terms Agreement, but subject to the satisfaction of the applicable conditions of Article 4 (</u>*<u>Conditions Precedent</u>*<u>) of the Common Terms Agreement and, (i) in the case of Tranche 1 Term Loans, Section 2.02(a) (</u>*<u>Term Loan</u>*

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*<u>Availability</u>*<u>) of this Agreement and (ii) in the case of Tranche 2 Term Loans, Section 2.02(b) (</u>*<u>Term Loan Availability</u>*<u>) of this Agreement, on each Advance Date in respect of an Advance of Term Loans to occur on or after the Upsize Closing Date, all such Advances shall be Advances of Tranche 2 Term Loans, rather than pro rata in proportion to the</u> <u>Term Loan Commitments of a Tranche as compared to the Aggregate Term Loan Commitments, until and to the extent that after giving effect to all such non pro rata Advances of Tranche 2 Term Loans only, the outstanding Term Loans of each Tranche as compared to the aggregate outstanding Term Loans (across both Tranches) shall be equal to the proportion of Term Loan Commitments of such Tranche as compared to the Aggregate Term Loan Commitments.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Subject to <u>Section 5.04</u> (*Obligation to Mitigate*), each Lender may (without relieving the Borrower of its obligation to repay a Loan in accordance with the terms of this Agreement and the Notes), at its option, fulfill its Commitments with respect to any such Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Unless the Credit Facility Agent has been notified in writing by any Lender prior to a proposed Advance Date that such Lender will not make available to the Credit Facility Agent its portion of the Advance proposed to be made on such date, the Credit Facility Agent may assume that such Lender has made such amounts available to the Credit Facility Agent on such date and the Credit Facility Agent in its sole discretion may, in reliance upon such assumption, make available to the Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Credit Facility Agent by such Lender and the Credit Facility Agent has made such amount available to the Borrower the Credit Facility Agent shall be entitled to recover on demand from such Lender such corresponding amount plus interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Credit Facility Agent to the Borrower to the date such corresponding amount is recovered by the Credit Facility Agent at an interest rate *per annum* equal to the Federal Funds Effective Rate. If such Lender pays such corresponding amount (together with such interest), then such corresponding amount so paid shall constitute such Lender's Term Loan or Working Capital Loan, as applicable, included in such Advance. If such Lender does not pay such corresponding amount forthwith upon the Credit Facility Agent's demand, the Credit Facility Agent shall promptly notify the Borrower and the Borrower shall promptly repay such corresponding amount to the Credit Facility Agent plus interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Credit Facility Agent to the Borrower to the date such corresponding amount is recovered by the Credit Facility Agent at an interest rate *per annum* equal to the Base Rate plus the Applicable Margin. If the Credit Facility Agent receives payment of the corresponding amount from each of the Borrower and such Lender, the Credit Facility Agent shall promptly remit to the Borrower such corresponding amount. If the Credit Facility Agent receives payment of interest on such corresponding amount from each of the Borrower and such Lender for an overlapping period, the Credit Facility Agent shall promptly remit to the Borrower the amount of such

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interest paid by the Borrower for such period. Nothing herein shall be deemed to relieve any Lender from its obligation to fulfill its Commitments hereunder and, for the avoidance of doubt, a Lender that fails to make its portion of any Advance on the due date for such payment hereunder shall be deemed in default of its obligations under <u>Section 2.01</u> (*Term Loans*) or <u>Section 2.03</u> (*Working Capital Loans*) above, as applicable. Any payment by the Borrower pursuant to this <u>Section 2.06(c)</u> (*Funding*) shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Credit Facility Agent. The failure of any Lender to make available to the Credit Facility Agent its portion of the Advance shall not relieve any other Lender of its obligations, if any, hereunder to make available to the Credit Facility Agent its portion of the Advance on the date of such Advance, but no Lender shall be responsible for the failure of any other Lender to make available to the Credit Facility Agent such other Lender's portion of the Advance on the date of any Advance. A notice of the Credit Facility Agent to any Lender or the Borrower with respect to any amounts owing under this <u>Section 2.06(c)</u> (*Funding*) shall be conclusive, absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Each Lender shall maintain in accordance with its usual practice and form an account or accounts evidencing the Indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)The Credit Facility Agent shall maintain at one of the Credit Facility Agent's offices (i) a copy of any Lender Assignment Agreement delivered to it pursuant to <u>Section 11.04</u> (*Assignments*), and (ii) a register for the recordation of (A) the names and addresses of the Lenders and the Issuing Banks, (B) all the Commitments of, and principal amount of and interest on the Loans owing and paid to, each Lender pursuant to the terms hereof from time to time, <u>including each Tranche of such Lender's Commitments and Loans,</u> (C) the amount, beneficiary and termination date of all outstanding Letters of Credit, (D) the Issuing Bank Limit of each Issuing Bank<u>, including each Tranche of such Issuing Bank Limit,</u> and (E) amounts received by the Credit Facility Agent from the Borrower and whether such amounts constitute principal, interest, fees or other amounts and each Lender's or Issuing Bank's share thereof (the "*Register*"). The Register shall be available for inspection by the Borrower, any Issuing Bank and any Lender (with respect to such Issuing Bank's Issuing Bank Limits, Fronting Limits and/or Non-Fronting Limits and such Lender's Commitments and/or Loans, as applicable) at any reasonable time and from time to time upon reasonable prior notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)The entries made by the Credit Facility Agent in the Register or the accounts maintained by any Lender shall be conclusive and binding evidence, absent manifest error, of the existence and amounts of the obligations recorded therein; *provided* that, the failure of any Lender or the Credit Facility Agent to maintain such Register or accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans in accordance with the terms of this Agreement. In the event of any conflict between the accounts and records

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maintained by any Lender and the accounts and records of the Credit Facility Agent in respect of such matters, the accounts and records of the Credit Facility Agent shall control, in the absence of manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)In addition to such accounts or records described in clauses (d) and (e) of this <u>Section 2.06</u> (*Funding*), the Loans made by each Lender may, upon the request of any Term Lender, be evidenced by a Term Loan Note or Term Loan Notes, in the case of Term Loans, or a Working Capital Loan Note or Working Capital Loan Notes, in the case of Working Capital Loans, in each case, duly executed on behalf of the Borrower and dated the date of any request therefor by a Lender. Each such Note shall have all blanks appropriately filled in, and shall be payable to such Lender and its registered assigns in a principal amount equal to the Term Loan(s) and Working Capital Loan(s) of such Lender; *provided* that, each Lender may attach schedules to its respective Note(s) and endorse thereon the date, amount and maturity of its respective Loan(s).

<u>Section 2.07 Termination or Reduction of Commitments</u><u>(a)</u>&nbsp;&nbsp;&nbsp;&nbsp;. (a)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(i)&nbsp;&nbsp;&nbsp;&nbsp;(A) All unused Tranche 1 Term Loan Commitments, if any, shall be</u> <u>automatically and permanently terminated (without premium or penalty) as of 5:00 p.m. on the last day of the applicable Tranche 1 Term Loan Availability Period that is a Business Day and (B) all then-unused Tranche 1 Working Capital Commitments, if any, shall be automatically and permanently terminated (without premium or penalty) as of 5:00 p.m. on the last day of the Tranche 1 Working Capital Loan Availability Period that is a Business Day.</u>

. (a<u>ii</u>)&nbsp;&nbsp;&nbsp;&nbsp;(i<u>A</u>)&nbsp;&nbsp;&nbsp;&nbsp;All&nbsp;&nbsp;&nbsp;&nbsp;unused <u>Tranche 2</u> Term Loan Commitments, if any, shall be automatically and permanently terminated (without premium or penalty) as of 5:00 p.m. on the last day of the applicable <u>Tranche 2</u> Term Loan Availability Period that is a Business Day and (ii<u>B</u>) all then-unused <u>Tranche 2</u> Working Capital Commitments, if any, shall be automatically and permanently terminated (without premium or penalty) as of 5:00 p.m. on the last day of the <u>Tranche 2</u> Working Capital Loan Availability Period that is a Business Day-

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Borrower may cancel or reduce permanently the whole or any part of the unutilized Term Loan Commitments and/or Working Capital Commitments (together with a corresponding ratable cancellation or reduction of the Issuing Bank Limits for each Issuing Bank by the amount by which the Issuing Bank Limits exceed the Aggregate Working Capital Commitments after giving effect to the cancellation or reduction of unutilized Working Capital Commitments), in either case, in accordance with Section 3.2 (*Right of Repayment and Cancellation in Relation to a Single Facility Lender*), Section 3.7 *(Pro Rata Payment)* and Section 3.8 (*Reductions and Cancellations of Facility Commitments*) of the Common Terms Agreement (*provided* that, Section 3.8(c) of the Common Terms Agreement shall not apply to a reduction or cancellation of Working Capital Commitments) and upon at least three (3) Business Days' prior written notice to the Credit Facility Agent (with a copy to any applicable Issuing Bank, and the Credit Facility Agent will thereafter notify the Lenders) and certification by the Borrower to the Credit Facility Agent that the letter of credit capacity under the portion of the Working Capital

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Commitments to be cancelled or reduced, after taking into account other funding sources irrevocably available to the Obligors, is not required to satisfy any express obligation of either Obligor to provide performance security; *provided* that, in the event the Borrower cancels or reduces any part, but not all, of the Commitments prior to the Project Phase 1<u>2</u> Completion Date (other than in accordance with Section 6.3 (*Replacement Debt*) of the Common Terms Agreement), the Borrower shall deliver to the Credit Facility Agent a certification (confirmed in writing by the Independent Engineer) that such cancellation or reduction will not result in the Obligors' failing to satisfy the In-Construction Sufficiency Condition (as confirmed by the Independent Engineer; provided that, no such confirmation will be required for any reduction with respect to the incurrence of any Replacement Debt); *provided further* that, in accordance with Section 3.8 (*Reductions and Cancellations of Facility Commitments*) and Section 3.7(b)(i) (*Pro Rata Payment*) of the Common Terms Agreement and Section 2.3(a) (*Payments and Prepayments - Pro Rata Payment of Senior Debt Obligations*) of the Common Security and Account Agreement, (A) any such cancellation of Working Capital Commitments and Issuing Bank Limits may be made without *pro rata* cancellation of Facility Debt Commitments under any other Facility Agreements then in effect, (B) the Working Capital Lenders shall not be entitled to *pro rata* cancellation in the case of a cancellation of Facility Debt Commitments under any other Facility Agreements and (C) any such cancellation of Issuing Bank Limits without a corresponding cancellation of Working Capital Commitments may be made at the Borrower's election without *pro rata* cancellation of any other Issuing Bank Limits. Where such cancellation or reduction is to be made *pro rata*, the applicable Commitments and Issuing Bank Limits (if such cancellation or reduction is with respect to Working Capital Commitments) shall be automatically and permanently reduced *pro rata* among all Lenders and Issuing Banks holding such Commitments and Issuing Bank Limits in accordance with their respective Commitment Percentages. Any such partial cancellation or reduction (x) of Term Loan Commitments pursuant to this <u>Section 2.07(b)</u> shall be in a minimum amount of $5,000,000 and (y) of Working Capital Commitments shall be in an amount of $5,000,000 or an integral multiple of $5,000,000 in excess thereof (or, in each case, if less the remaining amount of such Commitment). From the effective date of any such reduction or cancellation, the Commitment Fees shall be computed on the undrawn portion of the applicable Commitments as so reduced or cancelled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)On the date of incurrence of any Replacement Debt in accordance with Section 6.3 (*Replacement Debt*) of the Common Terms Agreement incurred to replace all or any part of the Term Loan, the Term Loan Commitments of the Term Lenders shall be reduced in accordance with Section 3.8(a) (*Reductions and Cancellations of Facility Commitments*) of the Common Terms Agreement; *provided* that, the Borrower shall be deemed to have repaid Term Loans and cancelled Facility Debt Commitments on a*pro rata* basis by applying the proceeds of such Replacement Debt first to repay any outstanding Term Loans in accordance with <u>Section 4.16(c)</u> (*Pro Rata Treatment*), and, to the extent any Replacement Debt proceeds remain, secondly to cancel Term Loan Commitments that subsequently remain available to be drawn on a *pro rata* basis <u>between Tranche 1 Term Loan Commitments and Tranche 2 Term Loan Commitments and</u> *<u>pro rata</u>* <u>in accordance with each Lender's Commitment Percentage</u>. On the date of incurrence of any Replacement Debt in accordance with Section 6.3 (*Replacement Debt*) of the Common Terms Agreement, no *pro rata* repayment of Working Capital Loans or cancellations of Working Capital Commitments shall be required to be made by the Obligors unless such Replacement Debt has been incurred to replace all or any part of the Working Capital Loans and/or Working Capital

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Commitments.<u>, in which case the Borrower shall use commercially reasonable efforts, accounting for any operational and Material Project Agreement-related considerations, to repay Working Capital Loans and/or cancel Working Capital Commitments on a</u> *<u>pro rata</u>* <u>basis between Tranche 1 Working Capital Loans and Tranche 2 Working Capital Loans, and Tranche 1 Working Capital Commitments and Tranche 2 Working Capital Commitments.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)The Borrower shall have the right to replace any Non-Consenting Lender on a non-*pro rata* basis, pursuant to <u>Section 5.04(b)</u> (*Obligation to Mitigate*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)All unused Commitments, if any, shall be terminated upon the occurrence and Continuance of a Loan Facility Event of Default if required pursuant to <u>Section 9.02</u> (*Acceleration Upon Bankruptcy*) or <u>Section 9.03</u> (*Action Upon Event of Default*) in accordance with the terms thereof.

<u>Section 2.08 Incremental Commitments.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Borrower may at any time after the Closing Date, and from time to time, by written notice to the Credit Facility Agent (a "*Working Capital Commitment Increase Notice*"), request increases in the Working Capital Commitments (together with any applicable corresponding increases in the Issuing Bank Limits) of any Working Capital Lender, Issuing Bank or by any other Person that is an Eligible Assignee or satisfies the rating requirement set forth in the definition of "Issuing Bank," as applicable (each, a "*Working Capital Commitment Increase*"), up to an aggregate principal amount not to exceed the maximum amount of Working Capital Debt permitted pursuant to Section 6.2(a) (*Working Capital Debt*) of the Common Terms Agreement.<u>,</u> *<u>provided</u>* <u>that, if such Working Capital Commitment Increase is not solely an increase in Issuing Bank Limits, the Borrower shall use commercially reasonable efforts, accounting for any operational and Material Project Agreement-related considerations, to implement such Working Capital Commitment Increase</u> *<u>pro rata</u>* <u>between the Tranche 1 Working Capital Facility and the Tranche 2 Working Capital Facility.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Working Capital Commitment Increase Notice shall specify (i) the date on which the Borrower proposes that such Working Capital Commitment Increase shall be effective, which shall be a date not less than thirty (30) days after the date on which such notice is delivered to the Credit Facility Agent (or, subject to clause (c)(iii)(E) below, such shorter period of time as agreed by the Incremental Lender/Issuing Banks (as defined below) participating in such Working Capital Commitment Increase), (ii) the amounts of the Working Capital Commitment Increase <u>with respect to each Tranche</u> (including any proposed increase in Non-Fronting Limits of an Issuing Bank) and (iii) the identity of each Working Capital Lender, Issuing Bank or other Person that is an Eligible Assignee or satisfies the rating requirement set forth in the definition of "Issuing Bank," as applicable (each, an "*Incremental Lender/Issuing Bank*") to whom the Borrower proposes any portion of the Working Capital Commitment Increase be allocated and the amounts of such allocations; *provided* that, any Working Capital Lender, Issuing Bank or other Person approached to provide all or a portion of the Working Capital Commitment Increase may elect or decline, in its sole and absolute discretion, to participate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Each Working Capital Commitment Increase shall become Working Capital Commitments, Issuing Bank Limits, Non-Fronting Limits and/or Fronting Limits (as applicable)

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(or, in the case of an increase in the commitment of an existing Working Capital Lender or Issuing Bank, an increase in such Working Capital Lender's or Issuing Bank's applicable Working Capital Commitment, Issuing Bank Limit, Non-Fronting Limit or Fronting Limit (as applicable)) <u>of the applicable Tranche</u> under this Agreement pursuant to an amendment (such amendment, an "*Incremental Amendment*") to this Agreement executed by the Borrower, the Credit Facility Agent and each Incremental Lender/Issuing Bank (with the consent of no other Working Capital Lender or Issuing Bank being required) which provides solely for (i) the increase in the applicable Working Capital Commitments, Issuing Bank Limits, Non-Fronting Limits and/or Fronting Limits (as applicable) <u>of the applicable Tranche</u> proposed in the applicable Working Capital Commitment Increase Notice and consented to by the applicable Incremental Lender/Issuing Bank, (ii) amendments required to reflect the relative unfunded Commitments of the Incremental Lenders/Issuing Banks and (iii) the joinder of each Incremental Lender/Issuing Bank that is not already an existing Working Capital Lender or Issuing Bank party to this Agreement. The effectiveness of any Incremental Amendment shall be subject solely to the conditions that (A) no Loan Facility Event of Default or Unmatured Loan Facility Event of Default shall exist on such date of effectiveness before or after giving effect to such Working Capital Commitment Increase, (B) each Incremental Lender/Issuing Bank that is not already a Working Capital Lender shall be entitled to receipt of any required reliance letters in respect of the legal opinions provided to the Credit Facility Agent pursuant to Section 4.1(f) (*Conditions to <u>Initial</u> Closing Date and Initial Advance - Opinions from Counsel)* of the Common Terms Agreement <u>or Section 4.2(f) (</u>*<u>Conditions to Upsize Closing Date - Opinions from Counsel)</u>* <u>of the Common Terms Agreement, as applicable</u>, (C) since the time of the financial statements most recently provided pursuant to Section 10.1(a) (*Accounting, Financial and Other Information*) of the Common Terms Agreement no developments have occurred which, individually or in the aggregate have resulted in or could reasonably be expected to result in a Material Adverse Effect, (D) each Incremental Lender/Issuing Bank who is not already a Working Capital Lender or Issuing Bank is reasonably acceptable to the Credit Facility Agent and each Issuing Bank and (E) the Intercreditor Agent has received, at least three (3) Business Days before the effectiveness of such Incremental Amendment, a certificate from the Borrower that (1) identifies each holder of Working Capital Commitments, Issuing Bank Limits, Non-Fronting Limits and/or Fronting Limits <u>of each Tranche</u> (after giving effect to the applicable Working Capital Commitment Increase) and (2) attaches a copy of the proposed Incremental Amendment.

<u>Section 2.09 Use of Proceeds.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Borrower shall be permitted to use the proceeds of Term Loans solely: (A) <u>subject to the Phase 3 Loan Proceeds Sublimit,</u> to pay Project Costs relating to the Phase 1<u>Permitted Debt Funded</u> Project Facilities, including the payment of Permitted Completion Costs, funding the Senior Facilities Debt Service Reserve Account on the Project Phase 1 <u>Completion Date and the Project Phase 2</u> Completion Date (to the extent not funded with one or more Letters of Credit or Acceptable Debt Service Reserve LCs) and funding the Contingency Reserve Account (in each case, in respect of the Phase 1 Project Facilities), (B) to make Authorized Investments, (C) <u>subject to the Phase 3 Loan Proceeds Sublimit,</u> to reimburse Drawstop Equity Contributions previously made <u>(but following the Upsize Closing Date)</u> in respect of the Phase 1 <u>Permitted Debt Funded</u> Project Facilities in accordance with Section 11.2(c) (*Certain Restricted Payments*) of the Common Terms Agreement (and Section 4.5(d) (*Deposits and Withdrawals -* 

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*Construction Account*) of the Common Security and Account Agreement, and (D) to pay transaction costs, fees and expenses in connection with the closing of the <u>Initial Senior Debt, the closing of the Incremental</u> Senior Debt and the Project Phase 1 Development (in each case, in respect of the Phase 1 Project Facilities); <u>, the Phase 2 LNG Facility, and, subject to the Phase 3 Loan Proceeds Sublimit, the Phase 3A LNG Facility), and (E) from and after the date on which the third marine terminal for the Project has received the necessary permits to commence construction subject to the Third Marine Terminal Allowance Sublimit, to pay Project Costs in respect of the third marine terminal for the Project, unless otherwise utilized for Project Costs for the Project Phase 1 Development or the Project Phase 2 Development.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Borrower shall be permitted to use the Letters of Credit and the proceeds of Working Capital Loans solely for working capital purposes of the Obligors, including (i) to satisfy the Obligors' credit support (and related mark to market) obligations under the Material Project Agreements and/or other contracts, including such obligations related to purchases of natural gas and any costs and expenses related to the supply or transport of natural gas by the Obligors, (ii) to fund reserve requirements, (iii) to pay transaction costs, fees and expenses in connection with the closing of the <u>Initial Senior Debt, the closing of the Incremental</u> Senior Debt and the Project Phase 1 Development (in each case, in respect of the Phase 1 Project Facilities <u>and Phase 2 LNG Facility</u>), (iv) for working capital purposes and (v) in an amount not to exceed $400,000,000<u>500,000,000</u>, other general corporate purposes; *provided* that, the Borrower shall not borrow amounts under the Working Capital Facility or use the proceeds of Working Capital Loans to meet any requirement under any other Senior Debt Instrument governing the Working Capital Debt that the Borrower reduce the principal amount relating to any revolving loans under such other Senior Debt Instrument to $0 for a period of at least five (5) consecutive Business Days at least once per calendar year (it being acknowledged and agreed that the foregoing shall not limit the utilization by the Borrower of other Indebtedness that is permitted to be incurred pursuant to Section 12.14 (*Limitation on Indebtedness*) of the Common Terms Agreement for such purposes to the extent the terms and conditions of such Indebtedness permit such utilization).

ARTICLE III

LETTERS OF CREDIT

<u>Section 3.01 Letters of Credit.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Subject to the terms and conditions set forth herein and, as applicable, the terms and conditions set forth in the Common Terms Agreement-^

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(i)</u>during the <u>Tranche 1</u> Working Capital Loan Availability Period, the Borrower may (but is not required to), deliver to (1) the Credit Facility Agent (which shall promptly distribute copies thereof to the <u>Tranche 1</u> Working Capital Lenders), (2) the <u>Tranche 1</u> Issuing Bank designated by the Borrower (with the consent of such <u>Tranche 1</u> Issuing Bank in its sole discretion) with respect to <u>Tranche 1</u> Fronted Letters of Credit and (3) each <u>Tranche 1</u> Issuing Bank with a <u>Tranche 1</u> Non-Fronting Limit with respect to <u>Tranche 1</u> Non-Fronted Letters of Credit, a letter of credit request substantially in the form of Schedule B-3 to the Common Terms Agreement (*Issuance Request Form (Letters of Credit*)) or such other form as requested by the Borrower and reasonably acceptable to the applicable <u>Tranche 1</u> Issuing Bank (a "*Request for Issuance*") for the issuance, extension,

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modification or amendment of a <u>Tranche 1</u> Letter of Credit from time to time during the <u>Tranche 1</u> Working Capital Loan Availability Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(ii)</u><u>during the Tranche 2 Working Capital Loan Availability Period, the Borrower may (but is not required to), deliver to (1) the Credit Facility Agent (which shall promptly distribute copies thereof to the Tranche 2 Working Capital Lenders), (2) the Tranche 2 Issuing Bank designated by the Borrower (with the consent of such Issuing Bank in its sole discretion) with respect to Tranche 2 Fronted Letters of Credit and (3) each Tranche 2 Issuing Bank with a Tranche 2 Non-Fronting Limit with respect to Tranche 2 Non-Fronted Letters of Credit, a Request for Issuance for the issuance, extension, modification or amendment of a Tranche 2 Letter of Credit from time to time during the Tranche 2 Working Capital Loan Availability Period.</u>

Each Request for Issuance shall include (i) the date (which shall be a Business Day, but in no event later than the date that occurs five (5) Business Days prior to the Final Maturity Date) of issuance of such Letter of Credit (or such extension, modification or amendment) and the stated expiry date thereof (which will be consistent with <u>Section 3.01(d)</u> (*Letters of Credit*)), (ii) the proposed amount of such Letter of Credit, (iii) the intended beneficiary of such Letter of Credit, (iv) a description of the intended use of such Letter of Credit-and, (v<u>) whether such Letter of Credit is to be a Tranche 1 Letter of Credit or a Tranche 2 Letter of Credit and (vi</u>) whether such Letter of Credit is to be a Fronted Letter of Credit or a Non-Fronted Letter of Credit. Each Request for Issuance shall be irrevocable unless modified or rescinded by the Borrower not less than three (3) Business Days prior to the proposed date of issuance (or extension, modification or amendment) specified therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>The Borrower may request:</u>

(bi) The Borrower may request<u>Tranche 1</u> Letters of Credit up to the lesser of (i) an aggregate amount for all requested and issued Letters of Credit of the aggregate of the <u>Tranche 1</u> Issuing Bank Limits of all <u>Tranche 1</u> Issuing Banks and (ii) the Aggregate <u>Tranche 1</u> Working Capital Commitments; *provided* that, in each case, no <u>Tranche 1</u> Issuing Bank shall be required to issue any <u>Tranche 1</u> Letter of Credit or any amendment to increase the available balance of any <u>Tranche 1</u> Letter of Credit if, after such issuance or amendment, (A) the aggregate <u>Tranche 1</u> Working Capital Commitment Exposure for all <u>Tranche 1</u> Working Capital Lenders shall exceed the Aggregate <u>Tranche 1</u> Working Capital Commitments, (B) the <u>Tranche 1</u> LC Exposure of such <u>Tranche 1</u> Issuing Bank with a <u>Tranche 1</u> Fronting Limit shall exceed its <u>Tranche 1</u> Fronting Limit, (C) the <u>Tranche 1</u> LC Exposure of such <u>Tranche 1</u> Issuing Bank with a <u>Tranche 1</u> Non-Fronting Limit shall exceed its <u>Tranche 1</u> Non-Fronting Limit, (D) the <u>Tranche 1</u> LC Exposure of such <u>Tranche 1</u> Issuing Bank shall exceed its <u>Tranche 1</u> Issuing Bank Limit or (E) the <u>Tranche 1</u> Working Capital Commitment Exposure of such <u>Tranche 1</u> Issuing Bank shall exceed its <u>Tranche 1</u> Working Capital Commitment in its capacity as a <u>Tranche 1</u> Working Capital Lender. For the avoidance of doubt, subject to compliance with the foregoing requirements and <u>Sections 3.01(a)</u> and <u>3.01(f)</u> (*Letters of Credit*), the Borrower may request <u>Tranche 1</u> Fronted Letters of Credit from an<u>a Tranche 1</u> Issuing Bank with a <u>Tranche 1</u> Fronting Limit up to the <u>Tranche 1</u> Issuing Bank's full <u>Tranche 1</u> Fronting Limit.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(ii)&nbsp;&nbsp;&nbsp;&nbsp;Tranche 2 Letters of Credit up to the lesser of (i) an aggregate amount for all requested and issued Letters of Credit of the aggregate of the Tranche 2 Issuing Bank Limits of all Tranche 2 Issuing Banks and (ii) the Aggregate Tranche 2 Working Capital Commitments;</u> *<u>provided</u>* <u>that, in each case, no Tranche 2 Issuing Bank shall be required to issue any Tranche 2 Letter of Credit or any amendment to increase the available balance of any Tranche 2 Letter of Credit if, after such issuance or amendment, (A) the aggregate Tranche 2 Working Capital Commitment Exposure for all Tranche 2 Working Capital Lenders shall exceed the Aggregate Tranche 2 Working Capital Commitments,</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(iii)&nbsp;&nbsp;&nbsp;&nbsp;the Tranche 2 LC Exposure of such Tranche 2 Issuing Bank with a Tranche 2 Fronting Limit shall exceed its Tranche 2 Fronting Limit, (C) the Tranche 2 LC Exposure of such Tranche 2 Issuing Bank with a Tranche 2 Non-Fronting Limit shall exceed its Tranche 2 Non-Fronting Limit, (D) the Tranche 2 LC Exposure of such Tranche 2 Issuing Bank shall exceed its Tranche 2 Issuing Bank Limit or (E) the Tranche 2 Working Capital Commitment Exposure of such Tranche 2 Issuing Bank shall exceed its Tranche 2 Working Capital Commitment in its capacity as a Tranche 2 Working Capital Lender. For the avoidance of doubt, subject to compliance with the foregoing requirements and Sections 3.01(a) and 3.01(f) (</u>*<u>Letters of Credit</u>*<u>), the Borrower may request Tranche 2 Fronted Letters of Credit from a Tranche 2 Issuing Bank with a Tranche 2 Fronting Limit up to the Tranche 2 Issuing Bank's full Tranche 2 Fronting Limit.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Promptly after its receipt of a Request for Issuance, the Issuing Bank will confirm with the Credit Facility Agent (in writing) that the Credit Facility Agent has received a copy of such Request for Issuance from the Borrower and, if not, the Issuing Bank will provide the Credit Facility Agent with a copy thereof. Unless the Issuing Bank has received notice (in writing) from the Credit Facility Agent (including at the request of any Working Capital Lender) no later than three (3) Business Days prior to the proposed date of issuance (or extension, modification or amendment) (i) directing the Issuing Bank not to issue (or extend, amend or modify) such Letter of Credit as a result of the limitations set forth in <u>Section 3.01(b)</u> (*Letters of Credit*), or (ii) that one or more of the applicable conditions precedent in <u>Section</u> <u>7.03</u><u>7.04</u> (*Conditions to Each Working Capital Advance*) is not then satisfied or waived, then (A) the applicable Issuing Bank shall issue (or extend, modify or amend) each Letter of Credit not later than 1:00 p.m. on the later of (1) the proposed date of issuance (or extension, modification or amendment) specified in such Request for Issuance and (2) three (3) Business Days after the receipt of the Request for Issuance (taking into account that any Request for Issuance received after 1:00 p.m. on any Business Day will be deemed received on the next Business Day), and (B) such issuance (or extension, modification or amendment) shall be subject to the terms and conditions hereof, including fulfillment of the applicable conditions precedent and the other requirements set forth herein (including <u>Sections 3.01(a)</u> and <u>3.01(f)</u> (*Letters of Credit*)). An Issuing Bank that issues (or extends, amends or modifies) a requested Letter of Credit pursuant to this <u>Section 3.01</u> (*Letters of Credit*) shall issue (or extend, amend or modify) such Letter of Credit to the Borrower or directly to the intended beneficiary and shall provide notice and a copy thereof to the Intercreditor Agent and the Credit Facility Agent, which, in the case of a Fronted Letter of Credit, shall promptly furnish copies thereof to the Working Capital Lenders <u>of the applicable Tranche</u>, and to the extent that such Letter of Credit was issued directly to the intended beneficiary, such Issuing Bank shall provide notice and a copy thereof to the Borrower.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Each Letter of Credit shall expire no later than the earlier of (i) one year from the date of issuance of such Letter of Credit and (ii) five (5) Business Days prior to the Working Capital Loan Termination Date <u>of the applicable Tranche</u>. Each Letter of Credit may, if requested by the Borrower, provide that it will be automatically extended for a stated period of time at the end of its then-scheduled expiration date and each successive expiration date (but in any event shall not be extended for longer than one year from the date of effectiveness of each such extension or beyond five (5) Business Days prior to the Working Capital Loan Termination Date <u>of the applicable Tranche</u>) unless the Issuing Bank that issued the Letter of Credit notifies the beneficiary thereof no later than thirty (30) days prior to such expiration date that such Issuing Bank elects not to renew or extend such Letter of Credit. In no event shall the Working Capital Lenders have any obligation to pay any amount to (or for the account of) any Issuing Bank or any other Person, in respect of a drawing under a Letter of Credit that occurs after the Final Maturity Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Notwithstanding anything in this Agreement to the contrary, no Issuing Bank will have any obligation to issue, or extend the expiry date of, any Letter of Credit if (i) any judgment, order, or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain such Issuing Bank from issuing, or extending the expiry date of, such Letter of Credit or (ii) any Government Rule or any directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such Issuing Bank shall prohibit, or direct that such Issuing Bank refrain from, the issuance of new letters of credit or the extension of the expiry date of issued letters of credit generally or the issuance, or extension of the expiry date of, a Letter of Credit specifically or shall impose upon such Issuing Bank with respect to such Letter of Credit any restriction, reserve, or capital requirement, or shall impose upon such Issuing Bank any loss, cost, or expense. Each Issuing Bank shall provide the Borrower with prompt notice of the occurrence of any event described in this <u>Section 3.01(e)</u> (*Letters of Credit*) not later than two (2) Business Days after obtaining knowledge of the occurrence of any such event.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)The Borrower may request that a Letter of Credit be a Fronted Letter of Credit or a Non-Fronted Letter of Credit; *provided* that, (i) the Borrower may only request Fronted Letters of Credit from an Issuing Bank that is specified in this Agreement as having a Fronting Limit and who has consented to issue such Fronted Letter(s) of Credit in accordance with <u>Section 3.01(a)</u> (*Letters of Credit*), and (ii) if the Borrower wishes to request Non-Fronted Letters of Credit, the Borrower shall determine the specific aggregate amount to be covered by such Letters of Credit to be provided to a specific beneficiary (the "*Non-Fronted LC Amount*"), and <u>either (A) in the case of Tranche 1 Non-Fronted Letters of Credit,</u> it shall make requests for <u>such</u> Non-Fronted Letters of Credit simultaneously to all the <u>Tranche 1</u> Issuing Banks under this Agreement such that the aggregate amount of all such <u>Tranche 1</u> Non-Fronted Letters of Credit issued to such beneficiary is equal to the <u>Tranche 1</u> Non-Fronted LC Amount and the amount of the <u>Tranche 1</u> Non-Fronted Letter of Credit of each individual <u>Tranche 1</u> Issuing Bank is equal to its Commitment Percentage of the <u>Tranche 1</u> Non-Fronted LC <u>Amount, or (B) in the case of Tranche 2 Non-Fronted Letters of Credit, it shall make requests for such Non-Fronted Letters of Credit simultaneously to all the Tranche 2 Issuing Banks under this Agreement such that the aggregate amount of all such Tranche 2 Non-Fronted Letters of Credit issued to such beneficiary is equal to the Tranche 2 Non-Fronted LC Amount and the amount of the Tranche 2 Non-Fronted Letter of Credit of each individual Tranche 2 Issuing Bank is equal to its Commitment Percentage of the Tranche 2 Non-Fronted LC</u> 

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Amount. No Working Capital Lender is required to participate in the extension of credit resulting from the issuance (or extension, modification or amendment) of a Non-Fronted Letter of Credit issued by an Issuing Bank other than itself.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(i)</u>Each <u>Tranche 1</u> Working Capital Lender severally agrees with each <u>Tranche 1</u> Issuing Bank to participate in an amount equal to its Commitment Percentage in the extension of credit resulting from the issuance (or extension, modification or amendment) of a <u>Tranche 1</u> Fronted Letter of Credit by such <u>Tranche 1</u> Issuing Bank and each drawing of the LC Available Amounts thereunder, in the manner and the amount provided in <u>Section 3.02</u> (*Reimbursement to Issuing Banks*), and the issuance of such <u>Tranche 1</u> Fronted Letter of Credit shall be deemed to be a confirmation by the <u>Tranche 1</u> Issuing Bank and each <u>Tranche 1</u> Working Capital Lender of such participation in such amount; *provided* that, no <u>Tranche 1</u> Working Capital Lender shall be required to participate in a <u>Tranche 1</u> Fronted Letter of Credit to the extent such <u>Tranche 1</u> Working Capital Lender's <u>Tranche 1</u> Working Capital Commitment Exposure would exceed its <u>Tranche 1</u> Working Capital Commitment as a result of such participation.<u>; and</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(ii)</u><u>Each Tranche 2 Working Capital Lender severally agrees with each Tranche 2 Issuing Bank to participate in an amount equal to its Commitment Percentage in the extension of credit resulting from the issuance (or extension, modification or amendment) of a Tranche 2 Fronted Letter of Credit by such Tranche 2 Issuing Bank and each drawing of the LC Available Amounts thereunder, in the manner and the amount provided in Section 3.02 (</u>*<u>Reimbursement to Issuing Banks</u>*<u>), and the issuance of such Tranche 2 Fronted Letter of Credit shall be deemed to be a confirmation by the Tranche 2 Issuing Bank and each Tranche 2 Working Capital Lender of such participation in such amount;</u> *<u>provided</u>* <u>that, no Tranche 2 Working Capital Lender shall be required to participate in a Tranche 2 Fronted Letter of Credit to the extent such Tranche 2 Working Capital Lender's Tranche 2 Working Capital Commitment Exposure would exceed its Tranche 2 Working Capital Commitment as a result of such participation.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)In addition to the date of issuance, stated expiry date, amount, beneficiary, intended use and request for a <u>Tranche 1</u> Fronted Letter of Credit-er<u>, a Tranche 2 Fronted Letter of Credit, a Tranche 1 Non-Fronted Letter of Credit or a Tranche 2</u> Non-Fronted Letter of Credit specified in the applicable Request for Issuance, each Letter of Credit shall provide (unless the Borrower specifies otherwise in such Request for Issuance) for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)payment in immediately available funds in US Dollars on a Business Day;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)multiple drawings and partial drawings;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)applicability of the International Standby Practices 1998, International Chamber of Commerce Publication No. 590 (1998) ("*ISP98*"), Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce Publication No. 600 (2007) ("*UCP 600*"), or such other rules as the Borrower and the applicable Issuing Bank shall agree, and shall, as to matters not governed by ISP98, UCP 600 or such other rules, be governed and construed in accordance with the laws of the State of New York and applicable U.S. federal law;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)a drawing by the beneficiary of the full available amount thereof if either (A) the Issuing Bank that issued the Letter of Credit ceases to satisfy the minimum credit ratings for an Issuing Bank hereunder (as set forth in the definition of "Issuing Bank" in <u>Exhibit A</u> (*Definitions*)) and such Letter of Credit has not been replaced by an Issuing Bank satisfying such minimum credit ratings within thirty (30) days or such shorter number of days as required under the document, if any, with respect to which such Letter of Credit is issued; *provided* that, the right to draw under this clause (A) shall only be included in the applicable Letter of Credit to the extent required under such document with respect to which such Letter of Credit is issued or (B) the Issuing Bank that issued the Letter of Credit notifies the Borrower (which shall promptly notify the beneficiary) no later than 60 days prior to the then-scheduled expiration date that such Issuing Bank elects not to extend such Letter of Credit; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)in the case of a Non-Fronted Letter of Credit, the beneficiary will be required to certify that it is making a pro rata draw with all other Letters of Credit issued in favor of such beneficiary in respect of a Non-Fronted LC Amount <u>of the applicable Tranche</u> based on the percentage of such Non-Fronted Letter of Credit to Non-Fronted LC Amount as notified to the beneficiary by the Borrower.

<u>Section 3.02 Reimbursement to Issuing Banks.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)An Issuing Bank shall give the Credit Facility Agent, the Collateral Agent, the Borrower and each of the Working Capital Lenders <u>of its Tranche</u> prompt notice of any payment made by such Issuing Bank in accordance with the terms of any Letter of Credit issued by such Issuing Bank (an "*LC Payment Notice*") no later than 10:00 a.m. on the Business Day immediately succeeding the date of such payment by such Issuing Bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Upon delivery to the Borrower of an LC Payment Notice on or before 10:00 a.m., New York City time, on the Business Day immediately succeeding the date of such payment by an Issuing Bank, the Borrower shall either (i) on or before 12:00 noon on such Business Day, reimburse such Issuing Bank for such payment (an "*LC Reimbursement Payment*") by paying to the Credit Facility Agent, for the account of such Issuing Bank, an amount equal to the payment made by such Issuing Bank plus interest on such amount at a rate per annum equal to the Base Rate plus the Applicable Margin for Base Rate Loans (*provided* that, if an Issuing Bank delivers an LC Payment Notice to the Borrower after 10:00 a.m. New York City time on the Business Day immediately succeeding the date of payment by such Issuing Bank, the Borrower shall make the LC Reimbursement Payment on or before 12:00 noon New York City time on the next succeeding Business Day) or (ii) (A) provide written notice to such Issuing Bank and the Credit Facility Agent electing to have the reimbursement obligation converted into an LC Loan in accordance with <u>Sections 3.02(c)</u> and <u>(f)</u> (*Reimbursement to Issuing Banks*) or (B) not make the LC Reimbursement Payment as required under <u>Section 3.02(b)(i)</u> (*Reimbursement to Issuing Banks*), in which case, in the case of this clause (ii), such reimbursement obligation shall automatically convert to an LC Loan as of such time; *provided* that, no Loan Facility Event of Default shall have occurred and been Continuing as of the time of the applicable payment made under the Letter of Credit. An Issuing Bank's failure to provide an LC Payment Notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank for any payment it makes under any Letter of Credit. In the case of any Non-Fronted Letters of Credit issued with respect to a specific Non-

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Fronted LC Amount, the Borrower may not elect to make an LC Reimbursement Payment and/or convert a reimbursement obligation into a LC Loan for some but not all the Issuing Banks providing Non-Fronted Letters of Credit with respect to such Non-Fronted LC Amount. <u>For the avoidance of doubt, an unmade LC Reimbursement Payment or a reimbursement obligation that converts into an LC Loan shall be an LC Loan of the Tranche of the Letter of Credit in respect of which the LC Loan is made.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)If the Borrower fails to make the LC Reimbursement Payment as required under <u>Section 3.02(b)</u> (*Reimbursement to Issuing Banks*) or provides written notice to such Issuing Bank and the Credit Facility Agent electing to have the reimbursement obligation converted into an LC Loan, such reimbursement obligation shall automatically convert to an LC Loan; *provided* that, no Loan Facility Event of Default shall have occurred and been Continuing as of the time of the applicable payment made under the Letter of Credit. If such LC Loan or failure to make the LC Reimbursement Payment relates to a Fronted Letter of Credit, the Credit Facility Agent shall promptly notify each of the <u>Tranche 1</u> Working Capital Lenders <u>or Tranche 2 Working Capital Lenders, as applicable,</u> of the amount of its share of the payment made under such Fronted Letter of Credit, which shall be such Working Capital Lender's Commitment Percentage of such amount paid by such Issuing Bank (the "*Working Capital Lender Payment Notice*"). Subject to <u>Section 3.01(f)</u> (*Letters of Credit*), each Working Capital Lender <u>of the applicable Tranche</u> hereby severally agrees to pay the amount specified in the Working Capital Lender Payment Notice in immediately available funds to the Credit Facility Agent for the account of such Issuing Bank with respect to a Fronted Letter of Credit plus interest on such amount at a rate per annum equal to the Federal Funds Effective Rate from the date of such payment by such Issuing Bank to the date of payment to such Issuing Bank by such Working Capital Lender. Each Working Capital Lender shall make such payment by not later than 4:00 p.m. New York City time on the date it received the Working Capital Lender Payment Notice (if such notice is received at or prior to 1:00 p.m. New York City time) and before 12:00 noon New York City time on the next succeeding Business Day following such receipt (if such notice is received after 1:00 p.m. New York City time). In the case of Fronted Letters of Credit, each <u>Tranche 1</u> Working Capital Lender <u>or Tranche 2 Working Capital Lender, as applicable</u> shall severally indemnify and hold harmless such Issuing Bank from and against any and all losses, liabilities (including liabilities for penalties), actions, suits, judgments, demands, costs, and expenses (including reasonable attorneys' fees and expenses) resulting from any failure on the part of such Working Capital Lender to provide, or from any delay in providing, the Credit Facility Agent for the account of such Issuing Bank with its Commitment Percentage of the amount paid under the Fronted Letter of Credit but no such Working Capital Lender shall be so liable for any such failure on the part of or caused by any other Working Capital Lender or the willful misconduct or gross negligence, as determined by a court of competent jurisdiction by a final and non-appealable order, of the Credit Facility Agent. Each <u>Tranche 1</u> Working Capital Lender's obligation<u>, or Tranche 2 Working Capital Lender's obligation, as applicable,</u> to make each such payment to the Credit Facility Agent for the account of the applicable Issuing Bank in the case of payments made in respect of a Fronted Letter of Credit shall be several and not joint and shall not be affected by (i) the occurrence or continuance of any Loan Facility Event of Default, (ii) the failure of any other Working Capital Lender to make any payment under this <u>Section 3.02</u> (*Reimbursement to Issuing Banks*), or (iii) the date of the drawing under the applicable Letter of Credit issued by the applicable Issuing Bank; *provided* that, such drawing occurs prior to the earlier of (A) the Final Maturity Date or (B) the latest date

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allowed for presentation of documents under the applicable Fronted Letter of Credit. Each Working Capital Lender further agrees that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)The Credit Facility Agent shall pay to the applicable Issuing Bank in immediately available funds the amounts paid in respect of a Fronted Letter of Credit pursuant to <u>Section 3.02(b)</u> (*Reimbursement to Issuing Banks*) and <u>Section 3.02(c)</u> (*Reimbursement to Issuing Banks*) before the close of business on the day such payment is received; *provided* that, any amount received by the Credit Facility Agent that is due and owing to such Issuing Bank and remains unpaid to such Issuing Bank on the date of receipt shall be paid on the next succeeding Business Day with interest payable at the Federal Funds Effective Rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)For so long as any Working Capital Lender is a Defaulting Lender under clause (a) of the definition thereof, such Defaulting Lender's participation in LC Exposure shall be reallocated in accordance with <u>Section 4.18(b)</u> (*Defaulting Lenders*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Each payment made by a Working Capital Lender under clause (c) above shall constitute an LC Loan <u>of the applicable Tranche</u> deemed made by such Working Capital Lender to the Borrower on the date of such payment by an Issuing Bank under a Fronted Letter of Credit issued by such Issuing Bank. All such payments by the Working Capital Lenders in respect of any one such payment by such Issuing Bank shall constitute a single LC Loan hereunder. Each payment made by an Issuing Bank in respect of a Non-Fronted Letter of Credit that is not reimbursed by the Borrower or that is converted into an LC Loan by notice from the Borrower pursuant to clause (c) above shall constitute an LC Loan deemed made by such Issuing Bank in its capacity as a Working Capital Lender. LC Loans that are converted to SOFR Loans in respect of Non-Fronted Letters of Credit with respect to a specific Non-Fronted LC Amount shall constitute a single SOFR Loan for the purposes of <u>Section 4.05(e)</u> (*Interest Rates*) hereunder. Each LC Loan initially shall be a Base Rate Loan.

<u>Section 3.03 Obligations Absolute.</u> The payment obligations of each <u>Tranche 1</u> Working Capital Lender <u>or Tranche 2 Working Capital Lender, as applicable,</u> under <u>Section 3.02(c)</u> (*Reimbursement to Issuing Banks*) and of the Borrower under this Agreement in respect of any payment under any Letter of Credit and any LC Loan shall be unconditional and irrevocable (subject only to the Borrower's and each Working Capital Lender's right to bring suit against an Issuing Bank pursuant to <u>Section 3.04</u> (*Liability of the Issuing Banks and the Working Capital Lenders*) following the reimbursement of such Issuing Bank for any such payment), and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)any lack of validity or enforceability of any Finance Document or any other agreement or instrument relating thereto or to such Letter of Credit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)any amendment or waiver of, or any consent to departure from, all or any of the

Finance Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the existence of any claim, set-off, defense or other right which the Borrower may have at any time against any beneficiary, or any transferee, of such Letter of Credit (or any

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Persons for whom any such beneficiary or any such transferee may be acting), any Issuing Bank, or any other Person, whether in connection with this Agreement, the transactions contemplated herein or by such Letter of Credit, or any unrelated transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)any statement or any other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)payment in good faith by an Issuing Bank under any Letter of Credit issued by such Issuing Bank against presentation of documents that do not comply with the terms of such Letter of Credit; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)any other circumstance or happening whatsoever, whether or not similar to any of the foregoing.

<u>Section 3.04 Liability of the Issuing Banks and the Working Capital Lenders.</u> The Borrower assumes all risks of the acts and omissions of any beneficiary or transferee of any Letter of Credit, and none of the Credit Facility Agent, the Issuing Banks, the Working Capital Lenders nor any of their respective Related Parties shall be liable or responsible for (a) the use that may be made of such Letter of Credit or any acts or omissions of any beneficiary or transferee thereof in connection therewith; (b) the validity, sufficiency or genuineness of documents, or of any endorsement thereon, even if such documents should prove to be in any or all respects invalid, insufficient, fraudulent or forged; (c) payment by the applicable Issuing Bank against presentation of documents that do not comply with the terms of such Letter of Credit, including failure of any documents to bear any reference or adequate reference to such Letter of Credit; or (d) any other circumstances whatsoever in making or failing to make payment under such Letter of Credit; *provided* that, in each case, payment by the applicable Issuing Bank shall not have constituted gross negligence or willful misconduct as determined by a court of competent jurisdiction by a final and non-appealable order, in which event the Borrower and each Working Capital Lender <u>of the applicable Tranche</u> shall have the right to bring suit against an Issuing Bank, and such Issuing Bank shall be liable to the Borrower and any Working Capital Lender <u>of the applicable Tranche</u>, to the extent of any direct, as opposed to consequential, damages suffered by the Borrower or such Working Capital Lender caused by such Issuing Bank's willful misconduct or gross negligence as determined by a court of competent jurisdiction by a final and non-appealable order, including such Issuing Bank's willful failure to make timely payment under such Letter of Credit following the presentation to it by the beneficiary thereof of documents which strictly comply with the terms and conditions of such Letter of Credit.

<u>Section 3.05 Resignation as an Issuing Bank.</u> Any Issuing Bank may, upon no less than thirty (30) days' prior written notice to the Borrower (with a copy to the Credit Facility Agent, to be distributed to each Working Capital Lender <u>of the applicable Tranche</u>) resign as an Issuing Bank, effective upon the appointment of a successor Issuing Bank in accordance with this <u>Section 3.05</u> (*Resignation as an Issuing Bank*). In the event of any such resignation as an Issuing Bank, the Borrower shall be entitled to appoint a successor Issuing Bank hereunder from among the Working Capital Lenders <u>of such Tranche</u> *(provided* that, the Borrower may not so appoint any Working Capital Lender if, as a result of such appointment, such Working Capital Lender's (a) Working Capital Commitment Exposure <u>with respect to any Tranche</u> would exceed its Working

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Capital Commitment <u>of such Tranche</u> or (b) LC Exposure <u>with respect to any Tranche</u> would exceed its Issuing Bank Limit, Fronting Limit or Non-Fronting Limit, as applicable<u>, of such Tranche</u>) who meet the requirements hereunder to be an Issuing Bank; *provided* that, no failure by the Borrower to appoint any such successor shall affect the resignation of any Issuing Bank. If any Working Capital Lender resigns as an Issuing Bank, it shall retain all the rights, powers, privileges and duties of an Issuing Bank hereunder with respect to all Letters of Credit that it issued, including Letters of Credit outstanding as of the effective date of its resignation as an Issuing Bank and all LC Exposure with respect thereto (including the right to require the Working Capital Lenders <u>of the applicable Tranche</u> to make LC Loans or fund participations in Letters of Credit). Upon the appointment of a successor Issuing Bank and such successor Issuing Bank's acceptance, in writing, of the appointment and agreement to be bound by all of the terms and conditions contained in this Agreement and the other Finance Documents binding on it in such capacity, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the Issuing Bank as the case may be and the successor Issuing Bank shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the applicable resigning Issuing Bank to effectively assume the obligations of such Issuing Bank with respect to such Letters of Credit.

<u>Section 3.06 Non-Fronted Letters of Credit.</u> The Borrower agrees that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u>in the event that it has provided any <u>Tranche 1</u> Non-Fronted Letter of Credit in respect <u>of</u> a <u>Tranche 1</u> Non-Fronted LC Amount, it shall instruct the beneficiary thereof to draw on such <u>Tranche 1</u> Non-Fronted Letter of Credit *pro rata* among all <u>Tranche 1</u> Non-Fronted Letters of Credit issued in respect of such <u>Tranche 1</u> Non-Fronted LC Amount. In the event that ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u><u>in the event that it has provided any Tranche 2 Non-Fronted Letter of Credit in respect of a Tranche 2 Non-Fronted LC Amount, it shall instruct the beneficiary thereof to draw on such Tranche 2 Non-Fronted Letter of Credit</u> *<u>pro rata</u>* <u>among all Tranche 2 Non-Fronted Letters of Credit issued in respect of such Tranche 2 Non-Fronted LC Amount; and</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c)</u><u>in the event that</u> the Borrower has funded the Senior Facilities Debt Service Reserve Account using <u>Tranche 1</u> Non-Fronted Letters of Credit from each <u>Tranche 1 Issuing Bank and Tranche 2 Non-Fronted Letters of Credit from each Tranche 2</u> Issuing Bank, the Collateral Agent hereby agrees (without the need for any further action or instruction from any Senior Creditors) to draw on such <u>Tranche 1 Non-Fronted Letters of Credit and Tranche 2</u> Non-Fronted Letters of Credit only on a *pro rata* basis <u>among the Letters of Credit based on the amounts of such Letters of Credit (without regard to whether any Letter of Credit is a Tranche 1 Non-Fronted Letter of Credit or a Tranche 2 Non-Fronted Letter of Credit),</u> as notified by the Borrower to the Collateral Agent or, failing such notification, as provided to the Collateral Agent by the Credit Facility Agent on request.

<u>Section 3.07 Reinstatement of Letters of Credit</u>. The available balance of each Letter of Credit shall be reduced by the amount of any payment made by the applicable Issuing Bank on a drawing thereunder. Once so reduced, the available balance of such Letter of Credit may only be reinstated upon and to the extent of any reimbursement by the Borrower of such drawing or, if reimbursement of such drawing is made through LC Loans, upon and to the extent of payment by the Borrower of the LC Loans corresponding to such drawing, in each case, pursuant to <u>Section</u> 

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<u>3.02</u> (*Reimbursement to Issuing Banks*). At least one (1) Business Day prior to the date of any such reinstatement of a Letter of Credit, the Borrower shall deliver to such Issuing Bank and the Credit Facility Agent a written request for reinstatement signed by an Authorized Officer of the Borrower and in form and substance satisfactory to such Issuing Bank. Upon the effectiveness of any such reinstatement, such Issuing Bank shall notify the Borrower, the Credit Facility Agent and the beneficiary of the reinstated Letter of Credit and shall indicate in such notice the new available balance of such Letter of Credit.

<u>Section 3.08 Existing</u> <u>Letter</u><u>Letters</u> <u>of Credit</u><u>.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a) The Tranche 1 Existing Letter of Credit shall be deemed to have been issued pursuant hereto, and from and after the Initial Closing Date shall be subject to and governed by the terms and conditions hereof; and</u>

. <u>(b)</u> The <u>Tranche 2</u> Existing Letter of Credit shall be deemed to have been issued pursuant hereto, and from and after the <u>Upsize</u> Closing Date shall be subject to and governed by the terms and conditions hereof.

ARTICLE IV

REPAYMENTS, PREPAYMENTS, INTEREST AND FEES

<u>Section 4.01 Repayment of Term Loan Advances</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u>The Borrower unconditionally and irrevocably promises to pay to the Credit Facility Agent <u>(i)</u> for the ratable account of each <u>Tranche 1</u> Term Lender, on each CTA Payment Date, the aggregate outstanding principal amount of the <u>Tranche 1</u> Term Loans beginning on the First <u>Tranche 1</u> Repayment Date, in accordance with the <u>Tranche 1 Amortization Schedule and (ii) for the ratable account of each Tranche 2 Term Lender, on each CTA Payment Date, the aggregate outstanding principal amount of the Tranche 2 Term Loans beginning on the First Tranche 2 Repayment Date, in accordance with the Tranche 2</u> Amortization Schedule.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u>Following the making of any prepayments pursuant to this Agreement or Section 3.1 (*CTA Payment Dates*) of the Common Terms Agreement, including in connection with the incurrence of Replacement Debt, the Borrower shall acting reasonably and in good faith generate and promptly provide to the Credit Facility Agent a—revised Amortization Schedule<u>Schedules in respect of each Tranche of Term Loans</u> for approval by the Credit Facility Agent (such approval not to be unreasonably withheld, conditioned or delayed); and promptly after such approval or deemed approval, the Borrower shall provide such Amortization Schedule<u>Schedules</u> to the Intercreditor Agent. In any of the instances described above, the<u>such</u> revised Amortization Schedule<u>Schedules</u> shall be delivered prior to the next Quarterly Payment Date and prepared in a manner that is consistent with the principles used to prepare the original <u>applicable</u> Amortization Schedule<u>Schedules</u><u>.</u> Any failure by the Credit Facility Agent to provide a<u>any</u> revised Amortization Schedule<u>Schedules</u> as required pursuant to this <u>Section 4.01</u> (*Repayment of Term Loan Advances*) shall not affect the Borrower's obligations to pay the Term Loans in accordance with this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c)</u>The repayment of principal by the Borrower for the <u>Tranche 1</u> Term Loans <u>based on the Tranche 1 Amortization Schedule</u> shall commence on the earlier of (such earlier date, the "*First <u>Tranche 1</u> Repayment Date*"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the first Quarterly Payment Date (or, if such date is not a Business Day, the Business Day immediately prior to such Quarterly Payment Date) occurring more than three calendar months following the Project Phase 1 Completion Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the Phase 1 LNG Facility Date Certain.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d)</u><u>The repayment of principal by the Borrower for the Tranche 2 Term Loans based on the Tranche 2 Amortization Schedule shall commence on the earlier of (such earlier date, the "</u>*<u>First Tranche 2 Repayment Date</u>*<u>"):</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(i)</u><u>the first Quarterly Payment Date (or, if such date is not a Business Day, the Business Day immediately prior to such Quarterly Payment Date) occurring more than three calendar months following the Project Phase 2 Completion Date; and</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(ii)</u><u>the Phase 2 LNG Facility Date Certain.</u>

(d<u>e</u>) Notwithstanding anything to the contrary set forth in <u>Section 4.01(a)</u> (*Repayment of Term Loan Advances*) above, the Borrower irrevocably and unconditionally promises to pay the final principal repayment installment<u>installments</u> on the Final Maturity Date in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date.

<u>Section 4.02 Repayment of LC Loans.</u> The Borrower unconditionally and irrevocably promises to pay to the Credit Facility Agent^

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u>for the ratable account of each <u>Tranche 1</u> Working Capital Lender the aggregate outstanding principal amount of each <u>Tranche 1</u> LC Loan no later than 5:00 p.m. on the <u>Tranche 1</u> Working Capital Loan Termination Date.<u>; and</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u><u>for the ratable account of each Tranche 2 Working Capital Lender the aggregate outstanding principal amount of each Tranche 2 LC Loan no later than 5:00 p.m. on the Tranche 2 Working Capital Loan Termination Date.</u>

Section 4.03 <u>Repayment of Working Capital Advances</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Borrower shall reduce the aggregate outstanding principal amount of all Working Capital Loans to zero US Dollars ($0) for a period of five (5) consecutive Business Days at least once every calendar year; *provided* that, the Borrower will determine in its sole discretion when during any calendar year it elects to satisfy such requirement and the Credit Facility Agent shall have no duty to monitor compliance with this <u>Section 4.03(a)</u> (*Repayment of Working Capital Advances*); *provided further* that the Borrower may not borrow amounts under any other Facility Agreement for Working Capital Debt in order to meet the requirement specified in this <u>Section 4.03(a)</u> (*Repayment of Working Capital Advances*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Notwithstanding anything to the contrary set forth in <u>Section 4.03(a)</u> (*Repayment of Working Capital Advances*), the Borrower unconditionally and irrevocably promises to pay to the

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Credit Facility Agent for the ratable account of each <u>applicable</u> Working Capital Lender, on the <u>applicable</u> Working Capital Loan Termination Date, an amount equal to the aggregate principal amount of all Working Capital Loans <u>of the applicable Tranche</u> then-outstanding.

<u>Section 4.04 Interest Payment Dates</u><u>(a)</u>&nbsp;&nbsp;&nbsp;&nbsp;. (a) Interest accrued on each Loan shall be

payable, without duplication, on the following dates (each, an "*Interest Payment Date*"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)with respect to any repayment or prepayment of principal on such Loan, on the date of each such repayment or prepayment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)on the Final Maturity Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)with respect to Working Capital Loans and LC Loans, the <u>applicable</u> Working Capital Loan Termination Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)with respect to SOFR Loans, (A) on the last day of each applicable Interest Period; *provided* that, in the case of any Interest Period that has a duration of more than three months, the Interest Payment Date in respect of such SOFR Loans shall also include each day that is three months (or an integral multiple thereof) after the first day of such Interest Period, and (B) if applicable, on any date on which such SOFR Loan is converted to a Base Rate Loan; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)with respect to Base Rate Loans, on the last Business Day of each calendar quarter or, if applicable, any date on which such Base Rate Loan is converted to a SOFR Loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Interest accrued on the Loans or other monetary Loan Obligations after the date such amount is due and payable (whether on the Final Maturity Date or any CTA Payment Date upon acceleration or otherwise) shall be payable upon demand.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the occurrence of an event set forth in Section 15.1(d) (*Loan Facility Events of Default - Bankruptcy*) of the Common Terms Agreement and (to the extent <u>Section 9.01</u> (*Events of Default*) covers the events described in Section 15.1(d) (*Loan Facility Events of Default - Bankruptcy*) of the Common Terms Agreement), <u>Section 9.01</u> (*Events of Default*) of this Agreement.

<u>Section 4.05 Interest Rates</u>.

(a)Each SOFR Loan shall accrue interest at a rate per annum during&nbsp;&nbsp;&nbsp;&nbsp;each&nbsp;&nbsp;&nbsp;&nbsp;Interest Period applicable theresto equal to the sum of Term SOFR for such Interest Period plus the Applicable Margin for such Loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)On or before 1:00 p.m. at least three (3) U.S. Government Securities Business Days prior to the end of each Interest Period for each SOFR Loan, the Borrower shall deliver to the Credit Facility Agent an Interest Period Notice setting forth the Borrower's election with respect to the duration of the next Interest Period applicable to such SOFR Loan, which Interest Period shall be one (1), three (3) or six (6) months in length (or, if available to all applicable Lenders, such other periods as may be agreed by the Credit Facility Agent (including with respect to the

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Applicable Margin agreed to by all the Lenders with respect to any such Interest Period)); *provided* that, (i) if any Loan Facility Declared Default has occurred and is Continuing, all SOFR Loans shall convert into Base Rate Loans and (ii) if any Unmatured Loan Facility Event of Default has occurred and is Continuing at the end of the then-current Interest Periods, all SOFR Loans shall convert into SOFR Loans with an Interest Period of one (1) month, in each case, at the end of the then-current Interest Periods (in which case the Credit Facility Agent shall so notify the Borrower and the Lenders). After such Loan Facility Declared Default or Unmatured Loan Facility Event of Default has ceased, the Borrower may convert each such Base Rate Loan or SOFR Loan with an Interest Period of one month into a SOFR Loan in accordance with this Agreement by delivering an Interest Period Notice in accordance with <u>Section 4.06</u> (*Conversion Options*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)If the Borrower fails to deliver an Interest Period Notice in accordance with <u>Section 4.05(b)</u> (*Interest Rates*) above with respect to any SOFR Loan, such SOFR Loan shall be made as, or converted into, a Base Rate Loan at the end of the then-current Interest Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Each SOFR Loan shall bear interest from (and including) the first day of the applicable Interest Period to (but excluding) the last day of such Interest Period (or the date such Loan is converted to a Base Rate Loan) at the interest rate determined as applicable to such SOFR Loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Notwithstanding anything to the contrary contained herein, the Borrower shall have, in the aggregate, no more than fifteen (15) separate SOFR Loans outstanding at any one time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Each Base Rate Loan shall accrue interest at a rate per annum equal to the sum of the Base Rate plus the Applicable Margin for such Loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)All Base Rate Loans shall bear interest from and including the date such Loan is made (or the day on which SOFR Loans are converted to Base Rate Loans in accordance with <u>Section 4.05(c)</u> (*Interest Rates*) or <u>4.06</u> (*Conversion Options*) or under Article V (*SOFR and Tax Provisions*)) to (but excluding) the date such Loan or portion thereof is paid at the interest rate determined as applicable to such Base Rate Loan (or the date such Loan is converted to a SOFR Loan).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)In connection&nbsp;&nbsp;&nbsp;&nbsp;with the&nbsp;&nbsp;&nbsp;&nbsp;use&nbsp;&nbsp;&nbsp;&nbsp;or&nbsp;&nbsp;&nbsp;&nbsp;administration of&nbsp;&nbsp;&nbsp;&nbsp;Term&nbsp;&nbsp;&nbsp;&nbsp;SOFR,&nbsp;&nbsp;&nbsp;&nbsp;the&nbsp;&nbsp;&nbsp;&nbsp;Credit&nbsp;&nbsp;&nbsp;&nbsp;Facility

Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Finance Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Finance Document. The Credit Facility Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

<u>Section 4.06 Conversion Options</u>. The Borrower may elect from time to time to convert SOFR Loans to Base Rate Loans or Base Rate Loans to SOFR Loans (subject to <u>Sections 4.05(e)</u> (*Interest Rates*), <u>5.01</u> (*Illegality*) and <u>5.02</u> (*Inability to Determine Applicable Interest Rate*)), as the case may be, by delivering a completed Interest Period Notice to the Credit Facility Agent

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notifying the Credit Facility Agent of such election no later than 12:00 noon on the third (3<sup>rd</sup>) Business Day preceding the proposed conversion date (which notice, in the case of conversions to SOFR Loans, shall specify the length of the initial Interest Period therefor); *provided* that, (i) no Base Rate Loan may be converted into a SOFR Loan when any Loan Facility Declared Default has occurred and is Continuing and (ii) no Base Rate Loan may be converted into a SOFR Loan with an Interest Period greater than one month when any Unmatured Loan Facility Event of Default has occurred and is Continuing and, in each case, the Credit Facility Agent has determined not to permit such conversions. Upon receipt of any such notice, the Credit Facility Agent shall promptly notify each relevant Lender thereof.

<u>Section 4.07 Post-Maturity Interest Rates; Default Interest Rates</u>. If all or a portion of the principal amount of any Loan is not paid when due (whether on the Final Maturity Date, by acceleration or otherwise, or in the case of LC Loans, the <u>applicable</u> Working Capital Loan Termination Date or otherwise) or any Loan Obligation (other than principal on the Loans) is not paid or deposited when due (whether on the Final Maturity Date, by acceleration or otherwise), (a) all such overdue amounts of principal on the Loans shall bear interest at a rate *per annum* equal to the rate that would otherwise be applicable thereto plus the Default Rate and (b) all such other defaulted amounts of Loan Obligations (other than principal on the Loans) shall bear interest at a rate *per annum* equal to the rate then applicable to Base Rate Loans plus the Default Rate, from the date of such non-payment until the amount then due is paid in full (after as well as before judgment).

<u>Section 4.08 Interest Rate Determination</u>. The Credit Facility Agent shall determine the interest rate applicable to the Loans and shall give prompt notice of such determination to the Borrower and the applicable Lenders. In each such case, the Credit Facility Agent's determination of the applicable interest rate shall be conclusive, in the absence of manifest error.

<u>Section 4.09 Computation of Interest and Fees</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)All computations of interest for Base Rate Loans when the Base Rate is determined by the Credit Facility Agent's "prime rate" shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All computations of interest for SOFR Loans, and for Base Rate Loans when the Base Rate is determined by Term SOFR shall be made on the basis of a 360 day year and actual days elapsed. All computations of commissions or fees owed hereunder (other than Commitment Fees, Fronting Fees and LC Fees, which shall be computed in accordance with the provisions of <u>Section 4.15</u> (*Fees*) below) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed (including the first day but excluding the last day).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Interest shall&nbsp;&nbsp;&nbsp;&nbsp;accrue&nbsp;&nbsp;&nbsp;&nbsp;on&nbsp;&nbsp;&nbsp;&nbsp;each&nbsp;&nbsp;&nbsp;&nbsp;Loan&nbsp;&nbsp;&nbsp;&nbsp;for&nbsp;&nbsp;&nbsp;&nbsp;the&nbsp;&nbsp;&nbsp;&nbsp;day on which the&nbsp;&nbsp;&nbsp;&nbsp;Loan&nbsp;&nbsp;&nbsp;&nbsp;is&nbsp;&nbsp;&nbsp;&nbsp;made,&nbsp;&nbsp;&nbsp;&nbsp;and

shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid; *provided*, that, any Loan that is repaid on the same day on which it is made shall bear interest for one day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Each computation by the Credit Facility Agent of interest or fees hereunder shall

be conclusive and binding for all purposes, absent manifest error.

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<u>Section 4.10 Terms of All Prepayments</u>. The Borrower shall make prepayments of Loans and all reductions and cancellations of Commitments in accordance with the terms of Article 3 (*Repayment, Prepayment and Cancellation*) of the Common Terms Agreement and subject to the following terms and the terms of <u>Section 4.11</u> (*Voluntary Prepayments*) and <u>Section 4.12</u> (*Mandatory Prepayment*):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)upon the prepayment of any Loans (whether a voluntary prepayment, a mandatory prepayment or a prepayment upon acceleration or otherwise), the Borrower shall satisfy all applicable provisions under this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)together with any prepayment of Loans, the Borrower shall pay to the Credit Facility Agent, for the account of the applicable Lenders which made any Loan being prepaid, the sum of the following amounts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the principal of, and accrued but unpaid interest on, the Loans to be prepaid;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)any additional amounts required to be paid under <u>Section 5.05</u> (*Funding Losses*), which payment shall be made within the time period after the applicable prepayment as is permitted under the Common Terms Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)any other Loan Obligations required to be paid to the respective Lenders in connection with any prepayment under the Finance Documents.

<u>Section 1.11</u><u>Voluntary Prepayment</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u>The Borrower may, in accordance with Section 3.5 (*Voluntary Prepayments*) of

the Common Terms Agreement and on not less than three (3) Business Days' prior written notice (or, in the case of Replacement Debt, two (2) Business Days' prior written notice) to the Credit Facility Agent, prepay in whole or in part amounts outstanding under the Credit Facility Agreement, without penalty or premium (other than any costs incurred as set forth in *Section 5.05* (*Funding Losses*)); *provided* that, each voluntary prepayment of Loans shall be in incremental multiples of $1,000,000 <u>(as determined on an aggregate basis between the Tranches subject to a concurrent voluntary prepayment)</u>. Such notice may be conditional and subject to revocation as set forth in Section 3.5(b) (*Voluntary Prepayments*) of the Common Terms Agreement. If any such notice is revoked in accordance with Section 3.5(b) (*Voluntary Prepayments*) of the Common Terms Agreement, the Borrower shall pay any costs incurred by any Lender as a result of such notice and revocation, as set forth in Section 3.5(b) (*Voluntary Prepayments*) of the Common Terms Agreement. Prepayments of Working Capital Loans shall not result in any reduction in Working Capital Commitments, except to the extent prepaid in accordance with <u>Sections 4.12(b)(ii)</u>, <u>(iii)</u> and <u>(iv)</u> (*Mandatory Prepayment*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u>Except as set forth in Section 3.5(b) (*Voluntary Prepayments*) of the Common Terms Agreement, after the Borrower has delivered a notice of voluntary prepayment in accordance with <u>Section 4.11(a)</u> (*Voluntary Prepayment*) above, the prepayment date specified in the notice shall be deemed the due date for the principal amount (and the interest thereon) to be paid thereunder and should the Borrower fail to pay any such principal amount and/or interest and/or prepayment premium (if any), in accordance with Section 3.6 (*Prepayment Fees and*

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*Funding Losses*) of the Common Terms Agreement and <u>Section 5.05</u> (*Funding Losses*) due on such date, the Borrower shall pay interest on such overdue amounts in accordance with <u>Section 4.07</u> (*Post-Maturity Interest Rates; Default Interest Rates*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c)</u>Pursuant to Section 3.7 (*Pro Rata Payment*) of the Common Terms Agreement and Section 2.3(a)(i)(B) (*Payments and Prepayments - Pro Rata Payment of Senior Debt Obligations*) of the Common Security and Account Agreement (i) any voluntary prepayment of Working Capital Loans or LC Loans may be made without a voluntary *pro rata* prepayment of Senior Debt under any other Senior Debt Instrument and (ii) any voluntary prepayment of Senior Debt under any other Senior Debt Instrument may be made without a voluntary *pro rata* prepayment of Working Capital Loans or LC Loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d)</u><u>Any voluntary prepayment made pursuant to this Section 4.11 (</u>*<u>Voluntary Prepayment</u>*<u>) will be applied to (i) all Term Loans outstanding on such date on a</u> *<u>pro rata</u>* <u>basis between Tranche 1 Term Loans and Tranche 2 Term Loans, and, (ii) subject to the Borrower's use of commercially reasonable efforts, accounting for any operational or Material Project Agreement-related considerations, (x) all Working Capital Loans outstanding on such date on a</u> *<u>pro rata</u>* <u>basis between Tranche 1 Working Capital Loans and Tranche 2 Working Capital Loans and (y) all LC Loans outstanding on such date on a</u> *<u>pro rata</u>* <u>basis between Tranche 1 LC Loans and Tranche 2 LC Loans .</u>

<u>Section 1.12</u><u>Mandatory Prepayment</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u>The Borrower shall prepay, with three (3) Business Days' prior written notice to the Credit Facility Agent, the Term Loans as and when required under Section 3.4 (*Mandatory Prepayments*) and Section 3.7 (*Pro Rata Payment*) of the Common Terms Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u>The Borrower shall prepay, with three (3) Business Days' prior written notice to the Credit Facility Agent, the Working Capital Loans or LC Loans in accordance with Section 3.4 (*Mandatory Prepayments*) and Section 3.7 (*Pro Rata Payment*) of the Common Terms Agreement solely in the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)other than LC Loans incurred to fund a reimbursement obligation with respect to a drawing under a Letter of Credit, as needed to comply with <u>Section 4.03(a)</u> (*Repayment of Working Capital Advances*); *provided* that, for the avoidance of doubt, the Borrower shall not be required to cause any issued and outstanding Letters of Credit to be cancelled or returned;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)in accordance with Section 3.4(a)(iii) (*Mandatory Prepayments - LNG SPA Prepayment Events*) of the Common Terms Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)in accordance with Section 3.4(a)(vi) (*Mandatory Prepayments - Illegality*) of the Common Terms Agreement as a result of the occurrence of an Illegality Event with respect to a Working Capital Lender; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)in accordance with Section 3.4(a)(x) (*Mandatory Prepayments - Replacement Debt*) of the Common Terms Agreement in the event and to the extent the

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additional debt triggering such prepayment has been incurred to replace such Working Capital Loans and/or LC Loans.

Working Capital Commitments shall be cancelled in the case of the mandatory prepayments set forth in clauses (ii) and (iv) above as provided in Sections 3.4(a)(iii) (*Mandatory Prepayments - LNG SPA Prepayment Events*) and 3.4(a)(x) (*Mandatory Prepayments - Replacement Debt*) of the Common Terms Agreement, respectively, and shall be suspended in the case of the mandatory prepayment set forth in clause (iii) above as provided in Section 3.4(a)(vi) (*Mandatory Prepayments - Illegality*) of the Common Terms Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c)</u>*Application of Prepayments of Loans to Base Rate Loans and SOFR Loans*. Any

prepayment of Loans of a Lender pursuant to this <u>Section 4.12</u> *(Mandatory Prepayment)* shall be applied *first* to such Lender's Base Rate Loans to the full extent thereof and *second* to such Lender's SOFR Loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d)</u><u>Any mandatory prepayments will be applied to (i) all Term Loans outstanding on such date on a</u> *<u>pro rata</u>* <u>basis between Tranche 1 Term Loans and Tranche 2 Term Loans, and, (ii) subject to the Borrower's use of commercially reasonable efforts, accounting for any operational or Material Project Agreement-related considerations, (x) all Working Capital Loans outstanding on such date on a</u> *<u>pro rata</u>* <u>basis between Tranche 1 Working Capital Loans and Tranche 2 Working Capital Loans and (y) all LC Loans outstanding on such date on a</u> *<u>pro rata</u>* <u>basis between Tranche 1 LC Loans and Tranche 2 LC Loans.</u>

<u>Section 1.13</u><u>Time and Place of Payments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Except as provided in <u>Section 3.02(b)</u> (*Reimbursement to Issuing Banks*), the Borrower shall make each payment (including any payment of principal of or interest on any Loan or any Fees or other Loan Obligations) hereunder without set-off, deduction or counterclaim not later than 12:00 noon New York City time on the date when due in US Dollars and, in immediately available funds, to the Credit Facility Agent at the account set forth in <u>Schedule IV</u> (*Credit Facility Agent Account Details*) or at such other office or account as may from time to time be specified by the Credit Facility Agent to the Borrower. Funds received after 12:00 noon New York City time may, at the Credit Facility Agent's discretion, be deemed to have been received by the Credit Facility Agent on the next succeeding Business Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Credit Facility Agent shall promptly remit in immediately available funds to each Credit Facility Secured Party its share, if any, of any payments received by the Credit Facility Agent for the account of such Credit Facility Secured Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Whenever any payment (including any payment of principal of or interest on any Term Loan or any Fees or other Loan Obligations) hereunder shall become due, or otherwise would occur, on a day that is not a Business Day, such payment shall (except as otherwise required by the proviso to the definition of "Interest Period" with respect to SOFR Loans and in the case of the Final Maturity Date, in which case the due date for payment shall be the immediately preceding Business Day) be made on the immediately succeeding Business Day, and such increase of time shall in such case be included in the computation of interest or Fees, if applicable.

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<u>Section 4.14 Advances and Payments Generally</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Except as provided in <u>Section 3.02(b)</u> (*Reimbursement to Issuing Banks*), unless the Credit Facility Agent has received notice from the Borrower prior to the date on which any payment is due to the Credit Facility Agent for the account of the Lenders or any Issuing Bank hereunder that the Borrower will not make such payment, the Credit Facility Agent may assume that the Borrower has made such payment on such date in accordance with this Agreement and may, in reliance upon such assumption, distribute to the Lenders or the applicable Issuing Bank(s) the amount due. If the Borrower has not in fact made such payment, then each of the Lenders or the applicable Issuing Bank(s) severally agrees to repay to the Credit Facility Agent forthwith on demand the amount so distributed to such Lender in immediately available funds with interest thereon, for each day from (and including) the date such amount is distributed to it to (but excluding) the date of payment to the Credit Facility Agent, at the Federal Funds Effective Rate. A notice of the Credit Facility Agent to any Lender or Issuing Bank with respect to any amount owing under this <u>Section 4.14</u> (*Advances and Payments Generally*) shall be conclusive, absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Nothing herein shall be deemed to obligate any Lender or Issuing Bank to obtain funds for any Loan or Letter of Credit reimbursement obligation in any particular place or manner or to constitute a representation by any Lender or Issuing Bank that it has obtained or will obtain funds for any Loan in any particular place or manner.

<u>Section 4.15 Fees</u>.

(a)From and including the <u>Initial</u> Closing Date until the end of the <u>applicable</u> Term Loan Availability Period or with respect to any Term Lender, until the date on which such Term Lender's Term Loan Commitments are terminated (solely to the extent of such terminated Term Loan Commitments), the Borrower agrees to pay to the Credit Facility Agent, for the account of the <u>applicable</u> Term Lenders, on each CTA Payment Date beginning on the first <u>applicable</u> CTA Payment Date that is also an Interest Payment Date and on the last day of the <u>applicable</u> Term Loan Availability Period, a commitment fee (a "*Term Loan Commitment Fee*") on the daily average amount by which the Term Loan Commitments <u>of the applicable Tranche</u> exceed the aggregate outstanding principal amount of the Term Loans <u>of the applicable Tranche</u> during the relevant fiscal quarter (or portion thereof) then ended at a rate per annum equal to the Commitment Fee Rate. Notwithstanding the foregoing, the Borrower will not be required to pay any Term Loan Commitment Fee to any Term Lender with respect to any period in which such Term Lender was a Defaulting Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)From and including the <u>Initial</u> Closing Date until the <u>applicable</u> Working Capital Loan Termination Date, the Borrower agrees to pay to the Credit Facility Agent, for the account of each <u>applicable</u> Working Capital Lender, on each CTA Payment Date beginning on the first CTA Payment Date that is also an Interest Payment Date and on the <u>applicable</u> Working Capital Loan Termination Date, a commitment fee (a "*Working Capital Commitment Fee*" and, together with the Term Loan Commitment Fee, the "*Commitment Fees*") on the daily average amount of such Working Capital Lender's unused Working Capital Commitment <u>of the applicable Tranche</u> at a rate per annum equal to the Commitment Fee Rate. Notwithstanding the foregoing, the Borrower will not be required to pay any Working Capital Commitment Fee to any Working

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Capital Lender with respect to any period in which such Working Capital Lender was a Defaulting Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The Borrower agrees to pay to the Credit Facility Agent for the account of each Working Capital Lender, on each CTA Payment Date beginning on the first CTA Payment Date that is also an Interest Payment Date commencing on the first such date to occur following the date of issuance of any Letter of Credit hereunder, and on the <u>applicable</u> Working Capital Loan Termination Date, a letter of credit fee (the "*LC Fee*") on (i) the average daily aggregate amount of such Working Capital Lender's Commitment Percentage of the LC Available Amount, if any, of all Fronted Letters of Credit <u>in respect of the applicable Tranche</u>, and (ii) the average daily aggregate amount of the LC Available Amount, if any, of any Non-Fronted Letters of Credit issued by such Working Capital Lender in its capacity as an Issuing Bank, each at a rate per annum equal to the LC Fee Rate; *provided* that, upon the occurrence and during the continuance of a Loan Facility Event of Default, with respect to any outstanding Letters of Credit which are not cash collateralized pursuant to <u>Section 9.05</u> (*Application of Proceeds*), such LC Fee shall be increased by 2.0% per annum.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)The Borrower agrees to pay to each Issuing Bank, on each CTA Payment Date beginning on the first CTA Payment Date that is also an Interest Payment Date commencing on the first such date to occur following the date of issuance of such Letter of Credit hereunder, and on the <u>applicable</u> Working Capital Loan Termination Date, a letter of credit fronting fee (the "*Fronting Fee*") in an amount equal to 0.20% per annum of the aggregate LC Available Amount of each Fronted Letter of Credit issued by such Issuing Bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)The Borrower agrees to pay or cause to be paid to the Credit Facility Agent for the account of the Lenders and the Credit Facility Agent, additional fees in the amounts and at the times from time to time agreed to by the Borrower and the Credit Facility Agent, including pursuant to each fee letter with an<u>a Tranche 1</u> Initial Coordinating Lead Arranger, <u>Tranche 1</u> Coordinating Lead Arranger, <u>Tranche 2 Coordinating Leader Arranger, Tranche 2 Joint Leader Arranger, Tranche 1</u> Senior Managing Agent, <u>Tranche 2 Senior Managing Agent, Tranche 1 Initial</u> Closing Date Participant,<u>Participants, Tranche 1</u> Syndication Agent—er<u>, Tranche 2 Syndication Agent, Tranche 1 Documentation Bank, or Tranche 2</u> Documentation Bank (as applicable) and any other fee letters entered into by the Borrower with any of the Lenders from time to time in respect of the Credit Facility Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)All Fees shall be paid on the dates due in immediately available funds. Once paid, none of the Fees shall be refundable under any circumstances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)All Commitment Fees, Fronting Fees and LC Fees shall be computed on the basis of 360-day year, as prorated for any partial quarter, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)The Borrower shall not be liable to pay any Lender or Issuing Bank any upfront fees, fronting fees or agent fees, nor shall it be liable to pay any other fees, costs, expenses or charges with respect to the transactions contemplated under this Agreement, other than as may be specifically stated in this Agreement, the Fee Letters or any other agreement in writing between such Lender or Issuing Bank and the Borrower.

<u>Section 4.16 Pro Rata Treatment</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u>The portion of any Type of Loan or Advance made shall be allocated by the Credit Facility Agent <u>in the following manner, as applicable:</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(i)</u><u>subject to Section 2.06(a) (</u>*<u>Funding</u>*<u>) with respect to each Advance Date in</u> <u>respect of an Advance of Term Loans to occur on or after the Upsize Closing Date until and to the extent that after giving effect to all such non pro rata Advances of Tranche 2 Term Loans only, the outstanding Term Loans of each Tranche as compared to the aggregate outstanding Term Loans shall be equal to the proportion of Term Loan Commitments of such Tranche as compared to the Aggregate Term Loan Commitments, as between Tranche 1 Loans or Tranche 1 Advances and Tranche 2 Loans or Tranche 2 Advances, such that, following each Loan or Advance, the ratio of the Loans and Advances of Term Loans of each Tranche to the aggregate outstanding Term Loans is equal to the ratio of Term Loan Commitments of such Tranche to the Aggregate Term Loan Commitments;</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(ii)</u><u>the Borrower shall use commercially reasonable efforts to request Tranche 1 Working Capital Advances and Tranche 2 Working Capital Advances in such a manner that (i) following each Working Capital Advance, the Working Capital Utilization of each Tranche as compared to the total Working Capital Utilization is proportionate to the Working Capital Commitments of such Tranche as compared to the Aggregate Working Capital Commitment and (ii) absent operational or Material Project Agreement-related considerations, avoids sustained or material imbalances between (x) the Working Capital Utilization of each Tranche as compared to the total Working Capital Utilization and (y) the Working Capital Commitment of each Tranche as compared to the Aggregate Working Capital Commitment.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(iii)</u><u>in the case of Tranche 1 Loans or Tranche 1 Advances,</u> among the applicable <u>Tranche 1</u> Lenders such that, following each <u>Tranche 1</u> Loan or <u>Tranche 1</u> Advance, the ratio of each <u>Tranche 1</u> Lender's outstanding Commitments of such Type to the outstanding Aggregate <u>Tranche 1</u> Commitment of such Type is equal to each Lender's respective Commitment Percentage of such Type.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(iv)</u><u>in the case of Tranche 2 Loans or Tranche 2 Advances, among the applicable Tranche 2 Lenders such that, following each Tranche 2 Loan or Tranche 2 Advance, the ratio of each Tranche 2 Lender's outstanding Commitments of such Type to the outstanding Aggregate Tranche 2 Commitment of such Type is equal to each Lender's respective Commitment Percentage of such Type.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u>Except as otherwise provided in <u>Section 5.01</u> (*Illegality*),-:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(v)</u><u>each reduction of Tranche 1 Commitments of any Type, pursuant to Section 2.07 (</u>*<u>Termination or Reduction of Commitments</u>*<u>) or otherwise, shall be allocated by the Credit Facility Agent</u> *<u>pro rata</u>* <u>among the applicable Tranche 1 Lenders in accordance with, and subject to the exceptions in, Section 2.07 (</u>*<u>Termination or</u> <u>Reduction of Commitments</u>*<u>) and Section 3.8 (</u>*<u>Reductions and Cancellations of Facility Debt Commitments</u>*<u>) of the Common Terms Agreement;</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(i)</u>each reduction of <u>Tranche 2</u> Commitments of any Type, pursuant to <u>Section 2.07</u> (*Termination or Reduction of Commitments*) or otherwise, shall be allocated by the

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Credit Facility Agent *pro rata* among the applicable <u>Tranche 2</u> Lenders in accordance with, and subject to the exceptions in, <u>Section 2.07</u> (*Termination or Reduction of Commitments*) and Section 3.8 (*Reductions and Cancellations of Facility Debt Commitments*) of the Common Terms Agreement-<u>; and</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(ii)</u><u>each reduction of Commitments of any Type, pursuant to Section 2.07 (</u>*<u>Termination or Reduction of Commitments</u>*<u>) or otherwise, shall be allocated by the Credit Facility Agent</u> *<u>pro rata</u>* <u>between the Tranches in accordance with, and subject to the exceptions in, Section 2.07 (</u>*<u>Termination or Reduction of Commitments</u>*<u>) and Section 3.8 (</u>*<u>Reductions and Cancellations of Facility Debt Commitments</u>*<u>) of the Common Terms Agreement;</u> *<u>provided</u>* <u>that, if the Borrower notifies the Credit Facility Agent that the Working Capital Commitments cannot be reduced</u> *<u>pro rata</u>*<u>, the Borrower shall use commercially reasonably efforts, accounting for any operational and Material Project Agreement-related considerations, to maintain such reduction as close to</u> *<u>pro rata</u>* <u>as possible between the Tranches and instruct the Credit Facility Agent as to the same.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c)</u>Except as otherwise provided in <u>Section 2.07(b)(C)</u> (*Termination or Reduction of Commitments*), each reduction in Issuing Bank Limits <u>of a particular Tranche</u> shall be allocated by the Credit Facility Agent *pro rata* among the Issuing Banks <u>of such Tranche. For the avoidance of doubt, Issuing Bank Limits shall not be required to be reduced</u> *<u>pro rata</u>* <u>between the Tranches</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d)</u><u>Except as otherwise required under Section 3.7 (</u>*<u>Pro Rata Payment</u>*<u>) of the Common Terms Agreement and Section 4.11 (</u>*<u>Voluntary Prepayment</u>*<u>), Section 4.12 (</u>*<u>Mandatory Prepayment</u>*<u>) or Article V (</u>*<u>SOFR and Tax Provisions</u>*<u>):</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(i)</u><u>(A) each payment or prepayment of principal of a Type of Tranche 1</u> <u>Loans shall be allocated by the Credit Facility Agent</u> *<u>pro rata</u>* <u>among the applicable Tranche 1 Lenders in accordance with the respective principal amounts of their outstanding Tranche 1 Loans of such Type (other than Defaulting Lenders), and (B) each payment or prepayment of principal of a Type of Tranche 2 Loans shall be allocated by the Credit Facility Agent</u> *<u>pro rata</u>* <u>among the applicable Tranche 2 Lenders in accordance with the respective principal amounts of their outstanding Tranche 2 Loans of such Type (other than Defaulting Lenders),</u> *<u>provided that</u>*<u>, in each case (A) and (B), any prepayment will be applied to all Loans outstanding on such date on a</u> *<u>pro rata</u>* <u>basis between Tranche 1 Loans or Tranche 2 Loans;</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(ii)</u>(dii)&nbsp;&nbsp;&nbsp;&nbsp;Except as otherwise required under Section 3.7 (*Pro Rata Payment*) of the Common Terms Agreement and <u>S</u><u>e</u><u>ction</u> <u>4</u><u>.11</u> (*Voluntary Prepayment*), <u>S</u><u>e</u><u>ction</u> <u>4</u><u>.12</u> (*Mandatory Prepayment*) or <u>Article V</u> (*SOFR and Tax Provisions*), (i<u>(A</u><u>)</u> each payment or prepayment of principal of<u>of interest on</u> a Type of <u>Tranche 1</u> Loans shall be allocated by the Credit Facility Agent *pro rata* among the applicable <u>Tranche 1</u> Lenders in accordance with the respective principal<u>interest</u> amounts of their outstanding <u>on their Tranche 1</u> Loans of such Type (other than Defaulting Lenders), <u>and</u> (ii<u>B</u>) each payment of interest on a Type of <u>Tranche 2</u> Loans shall be allocated by the Credit Facility Agent *pro rata* among the applicable <u>Tranche 2</u> Lenders in accordance with the respective interest amounts outstanding on their <u>Tranche 2</u> Loans of such Type (other than Defaulting Lenders) and (iii) each payment of the Commitment Fees shall be allocated by the Credit Facility Agent

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*pro rata* among the applicable Lenders in accordance with their respective Term Loan Commitments or Working Capital Commitments (other than Defaulting Lenders), as applicable.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(iii)</u><u>each payment of the Commitment Fees shall be allocated by the Credit Facility Agent</u> *<u>pro rata</u>* <u>among the applicable Lenders in accordance with their respective Term Loan Commitments or Working Capital Commitments (other than Defaulting Lenders), as applicable.</u>

<u>Section 4.17 Sharing of Payments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)If any Lender or Issuing Bank obtains any payment or other recovery (whether voluntary, involuntary, by application of setoff or otherwise) on account of any Type of Loan <u>of the same Tranche</u> (other than pursuant to the terms of <u>Article V</u> (*SOFR and Tax Provisions*) or <u>Section 4.16</u> (*Pro Rata Treatment*)) in excess of its *pro rata* share of payments then or therewith obtained by all Lenders holding Loans of <u>the same Tranche (and only</u> such <u>Tranche) of such</u> Type, such Lender or Issuing Bank shall purchase from the other applicable Lenders (for cash at face value) such participations in Loans of <u>the same Tranche of</u> such Type made by them as shall be necessary to cause such purchasing Lender to share the excess payment or other recovery ratably with each of them; *provided* that, if all or any portion of the excess payment or other recovery is thereafter recovered from such purchasing Lender or Issuing Bank, the purchase shall be rescinded and each Lender that has sold a participation to the purchasing Lender or Issuing Bank shall repay to the purchasing Lender or Issuing Bank the purchase price to the ratable extent of such recovery together with an amount equal to such selling Lender's ratable share (according to the proportion of (i) the amount of such selling Lender's required repayment to the purchasing Lender or Issuing Bank to (ii) the total amount so recovered from the purchasing Lender or Issuing Bank) of any interest or other amount paid or payable by the purchasing Lender or Issuing Bank in respect of the total amount so recovered. The Borrower agrees that any Lender or Issuing Bank so purchasing a participation <u>in Loans of the same Tranche</u> from another Lender pursuant to this <u>Section 4.17(a)</u> (*Sharing of Payments*) may, to the fullest extent permitted by law, exercise all its rights of payment (including pursuant to <u>Section 11.13</u> (*Right of Set-Off))* with respect to such participation <u>in Loans of such Tranche</u> as fully as if such Lender or Issuing Bank were the direct creditor of the Borrower in the amount of such participation. The provisions of this <u>Section 4.17</u> (*Sharing of Payments*) shall not be construed to apply to any payment by the Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by any Lender as consideration for the assignment or sale of a participation in any of its Loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)If under any applicable bankruptcy, insolvency or other similar law, any Lender receives a secured claim in lieu of a setoff to which this <u>Section 4.17</u> (*Sharing of Payments*) applies, such Lender shall, to the extent practicable, exercise its rights in respect of such secured claim in a manner consistent with the rights of the Lenders entitled under this <u>Section 4.17</u> (*Sharing of Payments*) to share in the benefits of any recovery on such secured claim.

<u>Section 4.18 Defaulting Lenders</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as such Lender is no longer a

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Defaulting Lender, to the extent permitted by applicable law, any payment of principal, interest, fees or other amounts received by the Credit Facility Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to <u>Article IX</u> (*Default and Enforcement*) or otherwise) shall be applied at such time or times as may be determined by the Credit Facility Agent as follows: *first*, to the payment of any amounts owing by such Defaulting Lender to the Credit Facility Agent hereunder or under any other Finance Document; *second*, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any Issuing Bank hereunder <u>(and, if such Lender is a Lender in respect of each Tranche,</u> *<u>pro rata</u>* <u>between Tranches)</u>; *third*, to cash collateralize the Issuing Banks' Fronting Exposure, if any, with respect to such Defaulting Lender in accordance with the procedures set forth in <u>Section 9.03(a)</u> (*Action Upon Event of Default*) <u>(and, if such Lender is a Lender in respect of each Tranche,</u> *<u>pro rata</u>* <u>between Tranches)</u>; *fourth*, as the Borrower may request (so long as no Loan Facility Event of Default or Unmatured Loan Facility Event of Default exists), to the funding of any Advance or Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Credit Facility Agen<u>t</u> <u>(</u>*<u>pro rata</u>* <u>between Tranches, to the extent applicable)</u>; *fifth*, if so determined by the Credit Facility Agent and the Borrower, to be held in a deposit account and released pro rata in order to (i) satisfy such Defaulting Lender's potential future funding obligations with respect to Advances or Loans under this Agreement and (ii) cash collateralize the Issuing Banks' future Fronting Exposure, if any, with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement in accordance with the procedures set forth in <u>Section 9.03(a)</u> (*Action Upon Event of Default*) <u>(</u>*<u>pro rata</u>* <u>between Tranches, to the extent applicable)</u>; *sixth*, to the payment of any amounts owing to the Lenders or the Issuing Banks as a result of any judgment of a court of competent jurisdiction obtained by any Lender or any Issuing Bank against such Defaulting Lender as a result of such Defaulting Lender's breach of its obligations under this Agreement <u>(</u>*<u>pro rata</u>* <u>between Tranches, to the extent applicable)</u>; *seventh*, so long as no Loan Facility Event of Default or Unmatured Loan Facility Event of Default has occurred and is continuing, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender's breach of its obligations under this Agreement; and *eighth*, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; *provided* that, if (A) such payment is a payment of the principal amount of any Loans in respect of which such Defaulting Lender has not fully funded its appropriate share, and (B) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in <u>Section 7.01</u> (*Conditions to <u>Initial</u> Closing*), <u>Section 7.02</u> <u>(</u>*<u>Conditions to Upsize Closing</u>*<u>), Section 7.03</u> (*Conditions to Each Term Loan Advance*) or <u>Section</u> <u>703</u><u>7.04</u> (*Conditions to Each Working Capital Advance*), as applicable, were satisfied or waived, such payment shall be applied solely to pay the Loans owed to all Non-Defaulting Lenders on a *pro rata* basis <u>(and</u> *<u>pro rata</u>* <u>between Tranches, to the extent applicable),</u> prior to being applied to the payment of any Loans owed to such Defaulting Lender until such time as all Loans and funded and unfunded participations in Letters of Credit are held by the Lenders pro rata in accordance with their applicable Commitments without giving effect to <u>Section 4.18(b)</u> (*Defaulting Lenders*). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to this <u>Section 4.18</u> (*Defaulting Lenders*) shall be deemed paid to and redirected by such Defaulting Lender, and such Defaulting Lender irrevocably consents hereto.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)All or any part of such Defaulting Lender's participation in LC Exposure <u>with respect to any Tranche</u> shall be reallocated *pro rata* among the Non-Defaulting Lenders in accordance with their respective Commitment Percentages (calculated without regard to such Defaulting Lender's Working Capital Commitment) <u>of such Tranche</u> but only to the extent that (i) the conditions set forth in Section 4.3<u>4.4</u>(c) (*Conditions to Each Advance under the Working Capital Facility - Absence of Default*) and Section 4.3<u>4.4</u>(d) (*Conditions to Each Advance under the Working Capital Facility - Representations and Warranties*) of the Common Terms Agreement are satisfied at the time of such reallocation, and (ii) such reallocation does not cause the sum of the outstanding principal amount of the Working Capital Loans, LC Loans and the LC Exposure of any Non-Defaulting Lender <u>of such Tranche</u> to exceed such Non-Defaulting Lender's Working Capital Commitment <u>of such Tranche</u>. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender's increased exposure following such reallocation. If the reallocation described in this <u>Section 4.18(b)</u> (*Defaulting Lenders*) cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, cash collateralize the Issuing Banks' Fronting Exposure on account of such Defaulting Lender (after giving effect to partial reallocations) in accordance with the procedures set forth in <u>Section 9.03(a)</u> (*Action Upon Event of Default*); *provided* that, the Borrower shall have sixty (60) days from receipt of written notice by the Credit Facility Agent that the reallocation described in this <u>Section 4.18(b)</u> (*Defaulting Lenders*) cannot, or can only partially, be effected, to cash collateralize the Issuing Banks' Fronting Exposure in accordance with this <u>Section 4.18(b)</u> (*Defaulting Lenders*), so long as no Loan Facility Event of Default shall have occurred and be continuing during such period.

(c)If the Borrower, the Credit Facility Agent and the Issuing Banks agree in writing that a Lender is no longer a Defaulting Lender, the Credit Facility Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any cash collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Credit Facility Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit to be held *pro rata* by the Lenders in accordance with the relative amounts of their applicable Commitments <u>of each applicable Tranche</u> (without giving effect to <u>Section 4.18(b)</u> (*Defaulting Lenders*)), whereupon such Lender will cease to be a Defaulting Lender; *provided* that, no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and *provided further* that, except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Non-Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender's having been a Defaulting Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, amend, extend, renew or increase any Letter of Credit to the extent the reallocation described in <u>Section 4.18(b)</u> (*Defaulting Lenders*) cannot be effected or the Borrower has not cash collateralized such Issuing Bank's Fronting Exposure with respect to such Defaulting Lender.

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ARTICLE V

SOFR AND TAX PROVISIONS

<u>Section 5.01 Illegality</u>. If any Lender determines that any applicable law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable lending office to make, maintain or fund Loans whose interest is determined by reference to SOFR, the Term SOFR Reference Rate or Term SOFR, or to determine or charge interest based upon SOFR, the Term SOFR Reference Rate or Term SOFR, then, upon notice thereof by such Lender to the Borrower (through the Credit Facility Agent) (an "*Illegality Notice*"), (a) any obligation of the Lenders to make SOFR Loans, and any right of the Borrower to continue SOFR Loans or to convert Base Rate Loans to SOFR Loans, shall be suspended, and (b) the interest rate on which Base Rate Loans shall, if necessary to avoid such illegality, be determined by the Credit Facility Agent without reference to clause (c) of the definition of "Base Rate," in each case, until each affected Lender notifies the Credit Facility Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of an Illegality Notice, the Borrower shall, if necessary to avoid such illegality, upon demand from any Lender (with a copy to the Credit Facility Agent), prepay or, if applicable, convert all SOFR Loans to Base Rate Loans (the interest rate on which Base Rate Loans shall, if necessary to avoid such illegality, be determined by the Credit Facility Agent without reference to clause (c) of the definition of "Base Rate"), on the last day of the Interest Period therefor, if all affected Lenders may lawfully continue to maintain such SOFR Loans to such day, or immediately, if any Lender may not lawfully continue to maintain such SOFR Loans to such day, in each case until the Credit Facility Agent is advised in writing by each affected Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon SOFR, the Term SOFR Reference Rate or Term SOFR. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted, together with any additional amounts required pursuant to <u>Section 5.05</u> (*Funding Losses*).

<u>Section 5.02 Inability to Determine Applicable Interest Rate</u>. Subject to <u>Section 5.07</u> (*Replacement Benchmark Setting*), if, on or prior to the first day of any Interest Period for any SOFR Loan:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Credit Facility Agent determines (which determination shall be conclusive and binding absent manifest error) that "Term SOFR" cannot be determined pursuant to the definition thereof, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Required Lenders determine that for any reason in connection with any request for a SOFR Loan or a conversion thereto or a continuation thereof that Term SOFR for any requested Interest Period with respect to a proposed SOFR Loan does not adequately and fairly reflect the cost to such Lenders of making and maintaining such SOFR Loan, and the Required Lenders have provided notice of such determination to the Credit Facility Agent the Credit Facility Agent will promptly so notify the Borrower and each Lender.

Upon notice thereof by the Credit Facility Agent to the Borrower, any obligation of the Lenders to make SOFR Loans, and any right of the Borrower to continue SOFR Loans or to convert Base Rate Loans to SOFR Loans, shall be suspended (to the extent of the affected SOFR

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Loans or affected Interest Periods) until the Credit Facility Agent (with respect to clause (b) above, at the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, (i) the Borrower may revoke any pending request for a borrowing of, conversion to or continuation of SOFR Loans (to the extent of the affected SOFR Loans or affected Interest Periods) or, failing that, the Borrower will be deemed to have converted any such request into a request for a borrowing of or conversion to Base Rate Loans in the amount specified therein and (ii) any outstanding affected SOFR Loans will be deemed to have been converted into Base Rate Loans at the end of the applicable Interest Period. Upon any such conversion, the Borrower shall also pay accrued interest on the amount so converted, together with any additional amounts required pursuant to <u>Section 5.05</u> (*Funding Losses*). Subject to <u>Section 5.07</u> (*Replacement Benchmark Setting*), if the Credit Facility Agent determines (which determination shall be conclusive and binding absent manifest error) that "Term SOFR" cannot be determined pursuant to the definition thereof on any given day, the interest rate on Base Rate Loans shall be determined by the Credit Facility Agent without reference to clause (c) of the definition of "Base Rate" until the Credit Facility Agent revokes such determination.

<u>Section 5.03 Increased Costs</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)If any Lender or Issuing Bank incurs additional costs or suffers a reduction, in each case, as described in Section 22.1(a) (*Increased Costs*) of the Common Terms Agreement, the Borrower shall compensate such Lender or Issuing Bank in accordance with Section 22.1(a) (*Increased Costs*) of the Common Terms Agreement (except to the extent the Borrower is excused from payment pursuant to <u>Section 5.04</u> (*Obligation to Mitigate*)). In determining the amount of such compensation, such Lender or Issuing Bank may, subject to Section 22.1(e) (*Increased Costs*) of the Common Terms Agreement, use any method of averaging and attribution that it (in its sole discretion) shall deem appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)If any Lender or Issuing Bank or Lender's or Issuing Bank's holding company has suffered or would suffer a reduced rate of return as described in Section 22.1(b) (*Increased Costs*) of the Common Terms Agreement, the Borrower shall compensate such Lender or Issuing Bank or (without duplication) such Lender's or Issuing Bank's holding company in accordance with Section 22.1(b) (*Increased Costs*) of the Common Terms Agreement (except to the extent the Borrower is excused from payment pursuant to <u>Section 5.04</u> (*Obligation to Mitigate*)).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)To claim any amount under this <u>Section 5.03</u> (*Increased Costs*), the Credit Facility Agent or a Lender or Issuing Bank, as applicable, shall promptly deliver a certificate in accordance with Section 22.1(c) (*Increased Costs*) of the Common Terms Agreement (with a copy to the Credit Facility Agent, if delivered by a Lender or Issuing Bank). The Borrower shall pay the Credit Facility Agent or Lender or Issuing Bank, as applicable, in accordance with Section 22.1(c) (*Increased Costs*) of the Common Terms Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Promptly after the Credit Facility Agent or Lender or Issuing Bank, as applicable, has determined that it will make a request for increased compensation pursuant to this <u>Section 5.03</u> (*Increased Costs*), such Person shall notify the Borrower thereof (with a copy to the Credit Facility Agent and the Intercreditor Agent). Failure or delay on the part of the Credit Facility Agent or Lender or Issuing Bank to demand compensation pursuant to this <u>Section 5.03</u> (*Increased Costs*) shall not constitute a waiver of such Person's right to demand such

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compensation; *provided* that, the Borrower shall not be required to compensate a Person pursuant to this <u>Section 5.03</u> (*Increased Costs*) for any increased costs or reductions outside of the period referred to in Section 22.1(d) (*Increased Costs*) of the Common Terms Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Notwithstanding any other provision in this Agreement, no Lender or Issuing Bank shall demand compensation pursuant to this <u>Section 5.03</u> (*Increased Costs*) in the circumstances described in Section 22.1(e) (*Increased Costs*) of the Common Terms Agreement.

<u>Section 5.04 Obligation to Mitigate</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)If any Lender or Issuing Bank requests compensation under <u>Section 5.03</u> (*Increased Costs*), or if the Borrower is required to pay any additional amount to any Lender or Issuing Bank or any Governmental Authority for the account of any Lender or Issuing Bank pursuant to <u>Section 5.06</u> (*Taxes*), then such Lender or Issuing Bank shall have an obligation to mitigate such compensation in accordance with Section 19.5(a) (*Mitigation Obligations; Replacement of Lenders*) of the Common Terms Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Borrower may require a Lender or Issuing Bank to assign and delegate (in accordance with and subject to the restrictions contained in <u>Section 11.04</u> (*Assignments*)) its interests, rights and obligations under this Agreement and the related Finance Documents in accordance with Section 19.5(c) (*Mitigation Obligations; Replacement of Lenders*) of the Common Terms Agreement. Nothing in this <u>Section 5.04</u> (*Obligation to Mitigate*) shall be deemed to prejudice any rights that the Borrower, the Credit Facility Agent or any Lender or any Issuing Bank may have against any Lender or Issuing Bank that is a Defaulting Lender. Notwithstanding anything in this <u>Section 5.04</u> (*Obligation to Mitigate*) to the contrary, any Working Capital Lender that acts as an Issuing Bank may not be replaced hereunder at any time it has any Letter of Credit outstanding hereunder unless arrangements satisfactory to such Working Capital Lender (including the furnishing of a backstop standby letter of credit in form and substance, and issued by an issuer, reasonably satisfactory to such Issuing Bank and/or the depositing of cash collateral into a cash collateral account in amounts and pursuant to arrangements reasonably satisfactory to such Issuing Bank) have been made with respect to such outstanding Letter of Credit.

<u>Section 5.05 Funding Losses</u>. The Borrower shall compensate each Lender, upon written request by such Lender (which request shall set forth the basis for requesting such amounts in reasonable detail), for all reasonable losses, expenses and liabilities (including any interest paid or payable by such Lender to Lenders of funds borrowed by it to make or carry its SOFR Loans and any loss, expense or liability sustained by such Lender in connection with the liquidation or re-employment of such funds but excluding loss of anticipated profits) which such Lender may sustain: (a) if for any reason (other than a default by such Lender) a borrowing of any SOFR Loan does not occur on a date specified therefor in a Disbursement Request or other written request for borrowing, or a conversion to or continuation of any SOFR Loan does not occur on a date specified therefor in an Interest Period Notice or a written request for conversion or continuation; (b) if any prepayment or other principal payment of, or any conversion of, any of its SOFR Loans occurs on a date prior to the last day of an Interest Period applicable to that Loan; (c) if any prepayment of any of its SOFR Loans is not made on any date specified in a notice of prepayment

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given by the Borrower; or (d) if any SOFR Loan is converted other than on the last day of the Interest Period applicable thereto (including as a result of a Loan Facility Event of Default).

<u>Section 5.06 Taxes</u>. Any and all payments on account of any Loan Obligations shall be made in accordance with the provisions of Article 21 (*Tax Gross-up and Indemnities*) of the Common Terms Agreement.

<u>Section 5.07 Replacement Benchmark Setting</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)*Benchmark Replacement*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Notwithstanding anything to the contrary herein or in any other Finance Document, upon the occurrence of a Benchmark Transition Event, the Credit Facility Agent and the Borrower may amend this Agreement to replace the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Credit Facility Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Credit Facility Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with a Benchmark Replacement pursuant to this <u>Section 5.07(a)(i)</u> (*Benchmark Replacement*) will occur prior to the applicable Benchmark Transition Start Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)No Interest Rate Hedging Instrument shall be deemed to be a "Finance Document" for purposes of this <u>Section 5.07(a)(ii)</u> (*Benchmark Replacement*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)*Benchmark Replacement Conforming Changes*. In connection with the use, administration, adoption or implementation of a Benchmark Replacement, the Credit Facility Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Finance Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Finance Document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)*Notices; Standards for Decisions and Determinations*. The Credit Facility Agent will promptly notify the Borrower and the Lenders of (i) the implementation of any Benchmark Replacement and (ii) the effectiveness of any Conforming Changes in connection with the use, administration, adoption or implementation of a Benchmark Replacement. The Credit Facility Agent will promptly notify the Borrower of (A) the removal or reinstatement of any tenor of a Benchmark pursuant to <u>Section 5.07(d)</u> (*Unavailability of Tenor of Benchmark*) and (B) the commencement of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Credit Facility Agent or, if applicable, any Lender (or group of Lenders) pursuant to this <u>Section 5.07</u> (*Replacement Benchmark Setting*), including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party to this Agreement or any other Finance

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Document, except, in each case, as expressly required pursuant to this <u>Section 5.07</u> (*Replacement Benchmark Setting*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)*Unavailability of Tenor of Benchmark*. Notwithstanding anything to the contrary

herein or in any other Finance Document, at any time (including in connection with the implementation of a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including the Term SOFR Reference Rate) and either (A) any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate from time to time as selected by the Credit Facility Agent in its reasonable discretion or (B) the administrator of such Benchmark or the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor for such Benchmark is not or will not be representative or in compliance with or aligned with the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks, then the Credit Facility Agent may modify the definition of Interest Period (or any similar or analogous definition) for any Benchmark settings at or after such time to remove such unavailable, non-representative, non-compliant or non-aligned tenor and (ii) if a tenor that was removed pursuant to clause (i) above either (A) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it is not or will not be representative or in compliance with or aligned with the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks for a Benchmark (including a Benchmark Replacement), then the Credit Facility Agent may modify the definition of "Interest Period" (or any similar or analogous definition) for all Benchmark settings at or after such time to reinstate such previously removed tenor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)*Benchmark Unavailability Period*. Upon the Borrower's receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any pending request for a SOFR borrowing of, conversion to or continuation of SOFR Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a request for a borrowing of or conversion to Base Rate Loans. During a Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of the Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of the Base Rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)*Tax Matters*. The Credit Facility Agent will use commercially reasonable efforts to cooperate with the Borrower to effectuate the terms of this <u>Section 5.07</u> (*Replacement Benchmark Setting*) and any resulting modification of the terms with the goal of avoiding a deemed exchange under Section 1001 of the Code.

ARTICLE VI

REPRESENTATIONS AND WARRANTIES

<u>Section 6.01 Incorporation of Common Terms Agreement</u>. The representations and warranties of the Obligors set forth in Article 5 (*Representations and Warranties of the Obligors*) of the Common Terms Agreement have been made to and for the benefit of each of the Lenders and shall apply *mutatis mutandis* to this <u>Article VI</u> as if fully set forth herein.

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ARTICLE VII

CONDITIONS PRECEDENT

<u>Section 7.01 Conditions to</u> <u>Initial</u> <u>Closing</u>. The occurrence of the <u>Initial</u> Closing, the effectiveness of the <u>Tranche 1</u> Lenders' <u>Tranche 1</u> Commitments, the obligation of each of the <u>Tranche 1</u> Lenders to make available its Initial Advance and the obligation of the <u>Tranche 1</u> Issuing Banks to issue any Letters of Credit on the <u>Initial</u> Closing Date shall be subject to the satisfaction (or waiver by each of the <u>Tranche 1</u> Lenders and each of the <u>Tranche 1</u> Issuing Banks) of each of the conditions precedent set forth in Section 4.1 (*Conditions to <u>Initial</u> Closing Date and Initial Advance*) of the Common Terms Agreement, which conditions precedent are incorporated by reference and shall apply *mutatis mutandis* to this <u>Section 7.01</u> (*Conditions to <u>Initial</u> Closing*) as if fully set forth herein.

<u>Section 7.02&nbsp;&nbsp;&nbsp;&nbsp;Conditions to Upsize Closing. The occurrence of the Upsize Closing, the effectiveness of the Tranche 2 Lenders' Tranche 2 Commitments, and the obligation of the Tranche 2 Issuing Banks to issue any Letters of Credit on the Upsize Closing Date shall be subject to the satisfaction (or waiver by each of the Lenders and each of the Issuing Banks) of each of the conditions precedent set forth in Section 4.2 (</u>*<u>Conditions to Upsize Closing Date</u>*<u>) of the Common Terms Agreement, which conditions precedent are incorporated by reference and shall apply</u> *<u>mutatis mutandis</u>* <u>to this Section 7.02 (</u>*<u>Conditions to Upsize Closing</u>*<u>) as if fully set forth herein.</u>

<u>Section</u> <u>702</u><u>7.03</u> <u>Conditions to Each Term Loan Advance</u>. The obligation of each Term Lender to make any Advance of Term Loans shall be subject to the satisfaction (or waiver by the Credit Facility Agent acting on the instruction of the Required Term Lenders), prior to the making of such Advance, of each of the conditions precedent (and in the case of any Advance of Term Loans other than the Initial Advance, no others) set forth in Section 4.2<u>4.3</u> (*Conditions to Each Term Loan Advance*) of the Common Terms Agreement, which conditions precedent are incorporated by reference and shall apply *mutatis mutandis* to this <u>Section</u> <u>7.02</u><u>7.03</u> (*Conditions to Each Term Loan Advance*) as if fully set forth herein.

<u>Section</u> <u>7.03</u><u>7.04</u> <u>Conditions to Each Working Capital Advance</u>. The obligation of (i) any Issuing Bank to issue Letters of Credit (or extend the maturity thereof (other than any automatic extension thereunder) or modify or amend the terms thereof) and (ii) the Working

Capital Lenders to make available Working Capital Loans, in each case, subsequent to the <u>Initial</u> Closing Date is subject to the satisfaction (or waiver by the Credit Facility Agent acting on the instruction of the Required Working Capital Lenders and the relevant Issuing Banks, as applicable), prior to issuing such Letter of Credit (or extension, modification or amendment thereof) or to the making of such Working Capital Advance, of each of the conditions precedent set forth in <u>Section</u> 4.3<u>4.4</u> (*Conditions to Each Advance under the Working Capital Facility*) of the Common Terms Agreement, which conditions precedent are incorporated by reference and shall apply *mutatis mutandis* to this <u>Section</u> <u>7.03</u><u>7.04</u> (*Conditions to Each Working Capital Advance*) as if fully set forth herein.

<u>Section</u> <u>7</u><u>0</u><u>4</u><u>7.05&nbsp;&nbsp;&nbsp;&nbsp;</u><u>Conditions to Occurrence of the Project Phase 1 Completion Date</u>.

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The occurrence of the Project Phase 1 Completion Date is subject to the satisfaction of each of the conditions (or waiver by the Credit Facility Agent acting on the instruction of the Required Lenders) of the conditions precedent set forth in Section 14.1 (*Conditions to Occurrence of the Project Phase 1 Completion Date*) of the Common Terms Agreement, which conditions precedent are incorporated by reference and shall apply *mutatis mutandis* to this <u>Section</u> <u>704</u><u>7.05</u> (*Conditions to Occurrence of the Project Phase 1 Completion Date*) as if fully set forth herein.

<u>Section 7.06 Conditions to Occurrence of the Project Phase 2 Completion Date. The occurrence of the Project Phase 2 Completion Date is subject to the satisfaction of each of the conditions (or waiver by the Credit Facility Agent acting on the instruction of the Required Lenders) of the conditions precedent set forth in Section 14.3 (</u>*<u>Conditions to Occurrence of the Project Phase 2 Completion Date</u>*<u>) of the Common Terms Agreement, which conditions precedent are incorporated by reference and shall apply</u> *<u>mutatis mutandis</u>* <u>to this Section 7.06 (</u>*<u>Conditions to Occurrence of the Project Phase 2 Completion Date</u>*<u>) as if fully set forth herein.</u>

ARTICLE VIII

COVENANTS

<u>Section 8.01 Covenants</u>. The covenants of the Obligors set forth in Article 6 (*Incurrence of Additional Senior Debt*), Article 7 (*Permitted Development Expenditures/Expansions*), Article 8 (*LNG SPA Covenants*), Article 9 (*Material Construction Contracts*), Article 10 (*Reporting by the Borrower*), Article 11 (*Restricted Payments*), Article 12 (*Obligor Covenants*), Article 13 (*Consultants*), Section 14.2 (*Project Phase 1 Completion Date <u>Transfers</u>*<u>), Section 14.4 (</u>*<u>Project Phase 2 Completion Date</u> Waterfall)* and Article 20 (*Subordination*) of the Common Terms Agreement have been made to and for the benefit of each of the Lenders and shall apply *mutatis mutandis* to this <u>Article VIII</u> as if fully set forth herein.

ARTICLE IX

DEFAULT AND ENFORCEMENT

<u>Section 9.01 Events of Default</u>. The occurrence of any Loan Facility Event of Default under the Common Terms Agreement shall constitute an event of default under this Agreement, subject to all of the relevant provisions of the Common Terms Agreement.

<u>Section 9.02 Acceleration Upon Bankruptcy</u>. If any Loan Facility Event of Default described in Section 15.1(d) (*Loan Facility Events of Default - Bankruptcy*) of the Common Terms Agreement occurs, all outstanding Commitments, if any, shall automatically terminate and the outstanding principal amount of the outstanding Loans and all other Loan Obligations shall automatically be and become immediately due and payable, in each case without notice, demand or further act of the Credit Facility Agent, the Lenders, the Intercreditor Agent, the Collateral Agent or any other Credit Facility Secured Party in accordance with Section 16.1(b) (*Facility Lender Remedies for Loan Facility Declared Events of Default - Initiating Percentage for Enforcement Action with Respect to Collateral*) of the Common Terms Agreement.

<u>Section 9.03 Action Upon Event of Default</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)If any Loan Facility Event of Default under the Common Terms Agreement or this Agreement occurs and is Continuing, the Lenders and the Issuing Banks may, by decision of the Required Lenders (i) instruct the Credit Facility Agent, as Senior Creditor Group Representative for the Lenders and the Issuing Banks, to further instruct the Intercreditor Agent to declare that a Loan Facility Declared Default has occurred under this Agreement in accordance with Section 15.2(a) (*Declaration of Loan Facility Declared Default*) of the Common Terms Agreement and (ii) thereafter, subject to the Intercreditor Agreement and the Common Security and Account Agreement, exercise, or instruct the Intercreditor Agent to exercise, any Enforcement Action provided under Section 16.1 (*Facility Lender Remedies for Loan Facility Declared Events of Default*) of the Common Terms Agreement (including, subject to the Common Terms Agreement and the Common Security and Account Agreement, requiring the Borrower to deposit with the Credit Facility Agent an amount in the LC Cash Collateral Account equal to one hundred two percent (102%) of the amount available to be drawn under all Letters of Credit then outstanding), each of which is incorporated by reference and shall apply *mutatis mutandis* to this Section 9.03 (*Action Upon Event of Default*) as if fully set forth herein; *provided* that, nothing herein shall, upon the occurrence of a Loan Facility Event of Default under Section 15.1(d) (*Loan Facility Events of Default - Bankruptcy*) of the Common Terms Agreement, require any certification, declaration or other notice prior to the deemed declaration of such Loan Facility Declared Default or the acceleration of the Loans in connection with the occurrence thereof as provided under Section 16.1(b) (*Facility Lender Remedies for Loan Facility Declared Events of Default - Initiating Percentage for Enforcement Action with Respect to Collateral*) of the Common Terms Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Subject to Section 10.5 (*Certain Agreements with Respect to Bankruptcy*) of the Common Security and Account Agreement, following commencement of any Bankruptcy Proceeding by or against either Obligor or Pledgor, any Lender may: (i) file a claim or statement of interest with respect to (and to the extent of) the Senior Debt Obligations (if any) owed by such person to such Lender or Issuing Bank in accordance with the Finance Documents, (ii) vote on any plan of reorganization and (iii) make other filings, arguments, objections and motions in connection with such Bankruptcy Proceeding, in each case in accordance with the terms of the Finance Documents (other than any requirement for an intercreditor vote to take such action).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Any termination and acceleration made pursuant to this <u>Section 9.03</u> (*Action Upon Event of Default*) and Section 16.1(a)(ii) (*Facility Lender Remedies for Loan Facility Declared Event<u>Events</u> of Default - Enforcement Action*) of the Common Terms Agreement may, should the Required Lenders in their sole and absolute discretion so elect, be rescinded by written notice to the Borrower at any time after the principal of the Loans has become due and payable, but before any judgment or decree for the payment of the monies so due, or any part thereof, has been entered; *provided* that, no such rescission or annulment shall extend to or affect any subsequent Loan Facility Event of Default or impair any right consequent thereon.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)An event of default under this Credit Facility Agreement shall be deemed to be declared, in respect of any Loan Facility Event of Default referred to in Section 15.1(d) (*Loan Facility Events of Default - Bankruptcy*) of the Common Terms Agreement, immediately and automatically upon its occurrence, without the requirement for any certification, declaration or other notice from a Term Lender or the Intercreditor Agent or any Senior Creditor in accordance

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with Section 15.2(a) (*Declaration of Loan Facility Declared Default*) of the Common Terms Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Promptly after any Lender obtains knowledge of any Loan Facility Event of Default, such Lender shall notify the Credit Facility Agent in writing of such Loan Facility Event of Default, which notice shall describe such Loan Facility Event of Default in reasonable detail (including the date of occurrence of the same), specifically refer to this <u>Section 9.03(e)</u> (*Action Upon Event ofDefault*) and indicate that such notice is a notice of default.

<u>Section 9.04 Cash Collateralization of Letters of Credit.</u> Subject to the Common Terms Agreement and the Common Security and Account Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Amounts held in the LC Cash Collateral Account shall be the property of the Credit Facility Agent for the benefit of the Issuing Banks and Working Capital Lenders and shall be applied by the Credit Facility Agent to the repayment of LC Loans deemed made under any Letters of Credit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The balance, if any, in the LC Cash Collateral Account, after all Letters of Credit shall have expired with no pending drawings or been fully drawn upon and giving effect to the payment of any LC Loans pursuant to <u>Section 9.04(a)</u> (*Cash Collateralization of Letters of Credit*), shall be applied to repay the other Loan Obligations according to Section 9.05 (*Application of Proceeds*).

<u>Section 9.05 Application of Proceeds</u>. Subject to the terms of the Intercreditor Agreement, any moneys received by the Credit Facility Agent from the Collateral Agent after the occurrence and during the continuance of a Loan Facility Event of Default and the period during which remedies have been initiated shall be applied in full or in part by the Credit Facility Agent against the Loan Obligations in accordance with Section 6.7(b) (*Enforcement Proceeds Account*) of the Common Security and Account Agreement (but without prejudice to the right of the Lenders or the Issuing Banks, subject to the terms of the Intercreditor Agreement, to recover any shortfall from the Borrower).

ARTICLE X

THE CREDIT FACILITY AGENT

<u>Section 10.01 Appointment and Authority</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Each of the Lenders and each of the Issuing Banks hereby appoints, designates and authorizes MUFG Bank, Ltd. as its Credit Facility Agent under and for purposes of each Finance Document to which the Credit Facility Agent is a party, and in its capacity as the Credit Facility Agent, to act on its behalf as Senior Creditor Group Representative and the Designated Voting Party (as defined in the Intercreditor Agreement) for the Lenders and Issuing Banks. MUFG Bank, Ltd. hereby accepts this appointment and agrees to act as the Credit Facility Agent for the Lenders and Issuing Banks in accordance with the terms of this Agreement. Each Lender and Issuing Bank hereby appoints and authorizes the Credit Facility Agent to execute and enter into each of the Common Terms Agreement, Intercreditor Agreement and Common Security and Account Agreement, and each other Finance Document to which it is party, on behalf of such Lender and

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such Issuing Bank, in its name, place and stead, to bind it to the representations, warranties, terms and conditions contained therein and to act on behalf of such Lender or such Issuing Bank under each Finance Document to which it is a party and in the absence of other written instructions from the Required Lenders received from time to time by the Credit Facility Agent (with respect to which the Credit Facility Agent agrees that it will comply, except as otherwise provided in this <u>Section 10.01</u> (*Appointment and Authority*) or as otherwise advised by counsel, and subject in all cases to the terms of the Intercreditor Agreement), to exercise such powers hereunder and thereunder as are specifically delegated to or required of the Credit Facility Agent by the terms hereof and thereof, together with such powers as may be reasonably incidental thereto. Where the Credit Facility Agent is required or permitted to act under this Agreement or under any other Finance Document, the Credit Facility Agent shall, notwithstanding anything herein or therein to the contrary, (i) be entitled to request instruction or direction in respect of any such rights, powers and discretions or clarification of any written instruction received by it, as to whether, and in what manner, it should exercise or refrain from exercising its rights, powers and discretions and (ii) unless the terms of the agreement unambiguously mandate the action, may refrain from acting (and will incur no liability in refraining to act) until that direction, instruction or clarification is received by it from the relevant parties or from a court of competent jurisdiction. Without limiting the generality of the foregoing sentence, the use of the term "agent" in this Agreement with reference to the Credit Facility Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Government Rule. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties.

(b)Except to the extent that the Credit Facility Agent is acting on express instructions, the Credit Facility Agent shall exercise such of the rights and powers vested in it by this Agreement, and use the same degree of care and skill in their exercise as a prudent Person would exercise or use under the circumstances in the conduct of his or her own affairs (taking into account the interests of all the Lenders and Issuing Banks benefiting from this Agreement). Nothing in this Agreement or any other Finance Document shall, in any case in which the Credit Facility Agent has failed to show such degree of care and skill, exempt the Credit Facility Agent from or indemnify it against any liability arising out of its own gross negligence, fraud or willful misconduct in relation to its duties under this Agreement or any other Finance Document as determined by a court of competent jurisdiction in a final non-appealable judgment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The Credit Facility Agent may not begin any legal action or proceeding in the name of a Lender or Issuing Bank, except as specifically permitted under the terms of this Agreement or the other Finance Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)The provisions of this <u>Article X</u> (*The Credit Facility Agent*) are solely for the benefit of the Credit Facility Agent, the Lenders and the Issuing Banks, and neither the Borrower nor any other Person shall have rights as a third party beneficiary of any of such provisions other than the Borrower's rights under <u>Section 10.07(a)</u> and <u>(b)</u> (*Resignation or Removal of Credit Facility Agent*) and <u>Section 10.13</u> (*Agreement to Comply with Finance Documents*).

<u>Section 10.02 Rights as a Facility Lender or Hedging Bank</u>. Each Person serving as the Credit Facility Agent hereunder or under any other Finance Document shall have the same rights and powers in its capacity as a Facility Lender or Hedging Bank, as the case may be, as any other

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Facility Lender or Hedging Bank, as the case may be, and may exercise the same as though it were not the Credit Facility Agent. Each such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or Affiliates of the Borrower as if such Person were not the Credit Facility Agent hereunder and without any duty to account therefor to the Lenders and Issuing Banks.

<u>Section 10.03 Exculpatory Provisions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Credit Facility Agent shall not have any duties or obligations except those expressly set forth herein and in the other Finance Documents. Without limiting the generality of the foregoing, the Credit Facility Agent shall not:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)be subject to any fiduciary or other implied duties (except for an implied covenant of good faith), regardless of whether a Loan Facility Event of Default or Unmatured Loan Facility Event of Default has occurred and is Continuing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Finance Documents that the Credit Facility Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Finance Documents); *provided* that, the Credit Facility Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Credit Facility Agent to liability or that is contrary to any Finance Document or applicable Government Rule; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)except as expressly set forth herein and in the other Finance Documents, have any duty to disclose, nor shall the Credit Facility Agent be liable for any failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as the Credit Facility Agent or any of its Affiliates in any capacity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Credit Facility Agent shall not be liable for any action taken or not taken by it (i) with the prior written consent or at the request of the Required Lenders (or such other number or percentage of the Lenders or the Issuing Banks as may be necessary, or as the Credit Facility Agent may believe in good faith to be necessary, under the circumstances as provided in <u>Section 11.01</u> (*Decisions; Amendments, Etc.*)) or (ii) in the absence of its own gross negligence, fraud or willful misconduct as determined by a court of competent jurisdiction by a final and non-appealable order. The Credit Facility Agent shall not be deemed to have knowledge or notice of the occurrence of any Loan Facility Event of Default unless the Credit Facility Agent has received a written notice in accordance with <u>Section 9.03(e)</u> (*Action Upon Event of Default*) or with Section 2.4(d) (*Defaults*) of the Intercreditor Agreement or from the Intercreditor Agent, the Obligors, the Pledgor or a Senior Creditor Group Representative referring to this Credit Facility Agreement, describing events or actions constituting a Loan Facility Event of Default and indicating that such notice is a notice of default. If the Credit Facility Agent receives such a notice of the occurrence of any Loan Facility Event of Default, the Credit Facility Agent shall give notice thereof to the Lenders, the Issuing Banks and the Intercreditor Agent. Subject to Article 16

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(*Common Remedies and Enforcement*) of the Common Terms Agreement, the Credit Facility Agent shall take such action with respect to such Loan Facility Event of Default as is provided in <u>Article IX</u> (*Default and Enforcement*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)The Credit Facility Agent shall not be liable to the Obligors for any breach by any Lender or any Issuing Bank of this Agreement or any other Finance Document (other than by the Facility Agent's own gross negligence, willful misconduct or fraud as determined by a court of competent jurisdiction in a final and nonappealable judgment) or be liable to any Lender or any Issuing Bank for any breach by any Obligor of this Agreement or any other Finance Document.

<u>Section 10.04 Reliance by Credit Facility Agent</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Credit Facility Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Credit Facility Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan or issuance of a Letter of Credit that by its terms must be fulfilled to the satisfaction of each Lender, each Issuing Bank or the Required Lenders, the Credit Facility Agent may presume that such condition is satisfactory to such Lender, such Issuing Bank or the Required Lenders, as the case may be, unless the Credit Facility Agent has received notice to the contrary

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from such Lender, such Issuing Bank or the Required Lenders or the Intercreditor Agent prior to the making of such Loan or issuance of such Letter of Credit. The Credit Facility Agent may consult with legal counsel, independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. The Credit Facility Agent shall not be responsible for the negligence or misconduct of any legal counsel, independent accountants and other experts selected by it in good faith, and shall not be required to make any investigation as to the accuracy or sufficiency of any such advice or services; *provided* that, nothing herein shall constitute a waiver by the Obligors, the Lenders or the Issuing Banks of any of their rights against (i) the Credit Facility Agent as a result of its gross negligence, fraud or willful misconduct as determined by a court of competent jurisdiction in a final, non-appealable judgment or (ii) such counsel, accountants or other experts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Each Obligor, each Lender and each Issuing Bank shall deliver to the Credit Facility Agent (or, in the case of the Obligors, deliver to the Intercreditor Agent for delivery to each Facility Agent) a list of authorized signatories, together, in the case of the Obligors, with a certificate of an officer of such party certifying the names and true signatures of such authorized signatories who are authorized to sign any notice, certificate, instrument, demand, request, direction, instruction, waiver, receipt, consent, agreement or other document or communication furnished to the Credit Facility Agent hereunder or under the other Finance Documents and the Credit Facility Agent shall be entitled to rely conclusively on such list until a new list is furnished by an Obligor, a Lender or an Issuing Bank, as the case may be, to the Credit Facility Agent (or, in the case of the Obligors, to the Intercreditor Agent for delivery to each Facility Agent).

<u>Section 10.05 Delegation of Duties</u>. The Credit Facility Agent may perform any and all of its duties and exercise any and all its rights and powers hereunder or under any other Finance Document by or through any one or more sub-agents appointed by the Credit Facility Agent. The

Credit Facility Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this <u>Article X</u> (*The Credit Facility Agent*) shall apply to any such sub-agent and to the Related Parties of the Credit Facility Agent, and shall apply to all of their respective activities in connection with their acting as or for the Credit Facility Agent.

<u>Section 10.06 Indemnification by the Lenders</u>. Without limiting the obligations of the Obligors hereunder or under the other Finance Documents, each Lender agrees that it shall, from time to time on demand by the Credit Facility Agent, indemnify the Credit Facility Agent and its Related Parties (ratably in accordance with its then applicable proportionate share) for any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including reasonable legal fees) or disbursements of any kind or nature whatsoever, which may at any time be imposed on, incurred by or asserted against the Credit Facility Agent or any of its Related Parties in any way relating to or arising out of this Agreement, the other Finance Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or the enforcement of any of the terms hereof or thereof or of any such other documents; *provided* that, no Lender shall be liable for any of the foregoing to the extent they arise solely from the Credit Facility Agent's gross negligence, fraud or willful misconduct as determined by a final non-appealable judgment of a court of competent jurisdiction.

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The Credit Facility Agent shall be fully justified in taking, refusing to take or continuing to take any action hereunder unless it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of taking, refusing to take or continuing to take any such action. Without limitation of the foregoing, each Lender agrees to reimburse, ratably in accordance with all its Loans and Commitments, the Credit Facility Agent promptly upon demand for any out-of-pocket expenses (including counsel fees) incurred by the Credit Facility Agent in connection with the preparation, execution, administration, amendment, waiver, modification or enforcement of, or legal advice in respect of rights or responsibilities under, the Finance Documents, to the extent that the Credit Facility Agent is not reimbursed promptly for such expenses by the Obligors in accordance with the Finance Documents; *provided* that, upon recovery of any or all of such costs and expenses by the Credit Facility Agent from the Obligors, the Credit Facility Agent shall remit to each Lender that has paid such costs and expenses to the Credit Facility Agent pursuant to this <u>Section 10.06</u> (*Indemnification by the Lenders*) its ratable share of such amounts so recovered. The obligation of the Lenders to make payments pursuant to this <u>Section 10.06</u> (*Indemnification by the Lenders*) is several and not joint or joint and several, and the same shall survive the payment in full of the Loan Obligations and the termination of this Agreement and the other Finance Documents.

<u>Section 10.07 Resignation or Removal of Credit Facility Agent</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Credit Facility Agent may resign from the performance of all its functions and duties hereunder and under the other Finance Documents at any time by giving thirty (30) days' prior notice to the Borrower, the Lenders and the Issuing Banks. The Credit Facility Agent may be removed at any time (i) by the Required Lenders for such Person's gross negligence, fraud or willful misconduct or (ii) by the Borrower, with the consent of the Required Lenders and so long as no Loan Facility Event of Default or Unmatured Loan Facility Event of Default has occurred and is Continuing, for such Person's gross negligence, fraud or willful misconduct. In the event MUFG Bank, Ltd. is no longer the Credit Facility Agent, any successor Credit Facility

Agent may be removed at any time with cause by the Required Lenders. Any such resignation or removal shall take effect upon the appointment of a successor Credit Facility Agent, in accordance with this <u>Section 10.07</u> (*Resignation or Removal of Credit Facility Agent*) and Section 19.3 (*Replacement of Facility Agents*) of the Common Terms Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Upon any notice of resignation by the Credit Facility Agent or upon the removal of the Credit Facility Agent by the Required Lenders, or by the Borrower with the approval of the Required Lenders pursuant to <u>Section 10.07(a)</u> (*Resignation or Removal of Credit Facility Agent*), the Required Lenders shall appoint a successor Credit Facility Agent, hereunder and under each other Finance Document to which the Credit Facility Agent is a party, such successor Credit Facility Agent to be a commercial bank or financial institution having combined capital and surplus of at least $1,000,000,000; *provided* that, if no Loan Facility Event of Default or Unmatured Loan Facility Event of Default shall then be Continuing, the appointment of a successor Credit Facility Agent shall also be subject to the prior written consent of the Borrower (such acceptance not to be unreasonably withheld, conditioned or delayed). The fees payable by the Borrower to a successor Credit Facility Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor.

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(c)If no successor Credit Facility Agent shall have been so appointed and shall have accepted such appointment within sixty (60) days after (i) the retiring Credit Facility Agent gives notice of its resignation or (ii) the date fixed for such removal, as applicable, the Credit Facility Agent shall, at the expense of the Obligors, petition any court of competent jurisdiction in the United States for the appointment of a successor Credit Facility Agent. Such court may thereupon, after such notice, if any, as it may prescribe, appoint a successor Credit Facility Agent. If no successor Credit Facility Agent shall have been so appointed in accordance with clauses (a) and (b) above or (A) this clause (c) and shall have accepted such appointment within ninety (90) days or (B) in the case of this clause (c) if the Credit Facility Agent, acting reasonably, cannot determine a court of competent jurisdiction in the United States that will consider the petition contemplated in this clause (c) within sixty (60) days, in each case after (x) the retiring Credit Facility Agent gives notice of its resignation or (y) the date fixed for such removal, as applicable, the Credit Facility Agent may, at the expense of the Obligors, appoint a successor Credit Facility Agent meeting the criteria set forth in <u>Section 10.07(b)</u> (*Resignation or Removal of Credit Facility Agent.*); *provided* that, if no Loan Facility Event of Default shall then be Continuing, the appointment of such successor Credit Facility Agent shall also be subject to the prior written consent of the Borrower (such acceptance not to be unreasonably withheld, conditioned or delayed); *provided further* that, if no successor Credit Facility Agent shall have been so appointed by the Credit Facility Agent within thirty (30) days after the termination of such 90-day period, the Obligors may appoint a successor Credit Facility Agent with the consent of the Required Lenders (such consent not to be unreasonably withheld or delayed).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Upon the acceptance of a successor's appointment as Credit Facility Agent hereunder and compliance with the provisions of Section 19.3 (*Replacement of Facility Agents*) of the Common Terms Agreement, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or removed) Credit Facility Agent, and the retiring (or removed) Credit Facility Agent shall be discharged from all of its duties and obligations hereunder or under the other Finance Documents. After the retirement or removal of the Credit Facility Agent hereunder and under the other Finance Documents, the provisions of this <u>Article X</u> (*The Credit Facility Agent*) and <u>Section 11.07</u> (*Indemnification by the Obligors*) shall continue in effect for the benefit of such retiring (or removed) Person, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Person was acting in its capacity as Credit Facility Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Notwithstanding anything in this Agreement, no resignation or, as the case may be, removal of the Credit Facility Agent shall be effective until the following conditions are satisfied:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Credit Facility Agent has transferred to its successor all the rights and obligations in its capacity as Credit Facility Agent under this Credit Facility Agreement, the Common Terms Agreement and the other Finance Documents to which it is party as the Credit Facility Agent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the requirements of Section 19.3 (*Replacement of Facility Agents*) of the Common Terms Agreement have been satisfied.

<u>Section 10.08 No Amendment to Duties of Credit Facility Agent Without Consent</u>. The Credit Facility Agent shall not be bound by any waiver, amendment, supplement or modification

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of this Agreement or any other Finance Document that affects its rights or duties hereunder or thereunder unless such Credit Facility Agent shall have given its prior written consent, in its capacity as Credit Facility Agent thereto.

<u>Section 10.09 Non-Reliance on Credit Facility Agent, Lenders and Issuing Banks</u>. Each of the Lenders and Issuing Banks acknowledges that it has, independently and without reliance upon the Credit Facility Agent, any other Lender or Issuing Bank or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and make its extensions of credit. Each of the Lenders and Issuing Banks also acknowledges that it will, independently and without reliance upon the Credit Facility Agent or any other Lender or Issuing Bank or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Finance Document or any related agreement or any document furnished hereunder or thereunder.

<u>Section 10.10 No Arranger Duties</u>. Anything herein to the contrary notwithstanding, no Arranger shall have any powers, duties or responsibilities under this Agreement, except in its capacity, as applicable, as the Credit Facility Agent or Lender or Issuing Bank hereunder.

<u>Section 10.11 Copies</u>. The Credit Facility Agent shall give prompt notice to each Lender and each Issuing Bank of receipt of each notice or request required or permitted to be given to the Credit Facility Agent by the Obligors pursuant to the terms of this Agreement or any other Finance Document (unless concurrently delivered to the Lenders by such Obligor). The Credit Facility Agent will distribute to each Lender and each Issuing Bank each document or instrument (including each document or instrument delivered by the Obligors to the Credit Facility Agent pursuant to <u>Article VI</u> (*Representations and Warranties*), <u>Article VII</u> (*Conditions Precedent*) and <u>Article VIII</u> (*Covenants*)) received for the account of the Credit Facility Agent and copies of all other communications received by the Credit Facility Agent from the Obligors for distribution to the Lenders and the Issuing Banks by the Credit Facility Agent in accordance with the terms of this Agreement or any other Finance Document.

<u>Section 10.12 General Provisions as to Payments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Subject to <u>Section 4.16</u> (*Pro Rata Treatment*), the Credit Facility Agent promptly shall distribute to each Lender and each Issuing Bank its *pro rata* share of each payment of (i) principal and interest payable to the Lenders or Issuing Banks on the Loans, (ii) fees hereunder received by the Credit Facility Agent for the account of the Lenders or the Issuing Banks and (iii) any other Loan Obligations. The payments made for the account of each Lender and each Issuing Bank shall be made and distributed to such Lender or Issuing Bank for the account of its facility office set forth in the Common Terms Agreement. Each Lender and each Issuing Bank shall have the right to alter its designated facility office upon written notice to the Credit Facility Agent, the Obligors and the Intercreditor Agent pursuant to <u>Section 11.10</u> (*Notices and Other Communications*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Where a sum is to be paid to a Lender or Issuing Bank under the Finance Documents or another party to this Agreement by another party to this Agreement that is primarily

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liable for such sum, the Credit Facility Agent shall not be obliged to pay such sum to such other party (or to enter into or perform any related exchange contract) until it has established to its satisfaction that it has received such sum.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)If the Credit Facility Agent pays an amount to another party to this Agreement and it proves to be the case that the Credit Facility Agent had not actually received that amount for which another party to this Agreement is primarily liable, then the party to whom that amount (or the proceeds of any related exchange contract) was paid by the Credit Facility Agent shall on demand refund the same to the Credit Facility Agent together with interest on that amount from the date of payment to the date of receipt by the Credit Facility Agent, calculated by the Credit Facility Agent to reflect its cost of funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)The Credit Facility Agent acknowledges and agrees that, notwithstanding any provision to the contrary in any Finance Document, in no event shall the Lenders or Issuing Banks be obligated to pay any agency or other fee to the Credit Facility Agent even if the Obligors fail to do so.

<u>Section 10.13 Agreement to Comply with Finance Documents</u>. Each of the Lenders and Issuing Banks agrees for the benefit of the Borrower and each other that, in giving instructions to the Credit Facility Agent and the Intercreditor Agent and, where so permitted under this Agreement, the Intercreditor Agreement, Common Terms Agreement or the Common Security and Account Agreement, in taking Decisions by itself or through the Credit Facility Agent, including pursuing any Lender or Issuing Bank remedies against the Borrower, that such Lender or Issuing Bank shall act at all times in accordance with the terms of the Intercreditor Agreement, the Common Security and Account Agreement, the Common Terms Agreement, this Agreement and the applicable Finance Documents.

<u>Section 10.14 Certain ERISA Matters</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Each Lender and Issuing Bank (x) represents and warrants, as of the date such Person became a Lender or Issuing Bank party hereto, to, and (y) covenants, from the date such Person became a Lender or Issuing Bank party hereto to the date such Person ceases being a Lender or Issuing Bank party hereto, for the benefit of, the Credit Facility Agent and not, for the avoidance of doubt, to or for the benefit of the Borrower, that at least one of the following is and will be true:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)such Lender or Issuing Bank is not using "plan assets" (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Lender's entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments or this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE

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96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Lender's or Issuing Bank's entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)(A) such Lender or Issuing Bank is an investment fund managed by a "Qualified Professional Asset Manager" (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE *84*—14<u>84-14</u>, and (D) to the best knowledge of such Lender or Issuing Bank, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender's or Issuing Bank's entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)such other representation, warranty and covenant as may be agreed in writing between the Credit Facility Agent, in its sole discretion, and such Lender or Issuing Bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)In addition, unless either (A) sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or Issuing Bank, as applicable, or (B) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding clause (a), such Lender or Issuing Bank further (x) represents and warrants, as of the date such Person became a Lender or Issuing Bank party hereto, to, and (y) covenants, from the date such Person became a Lender or Issuing Bank party hereto to the date such Person ceases being a Lender or Issuing Bank party hereto, for the benefit of, the Credit Facility Agent and not, for the avoidance of doubt, to or for the benefit of the Borrower, that the

Credit Facility Agent is not a fiduciary with respect to the assets of such Lender or Issuing Bank involved in such Lender's or Issuing Bank's entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Credit Facility Agent under this Agreement, any Finance Document or any documents related hereto or thereto).

<u>Section 10.15 Erroneous Payments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)If the Credit Facility Agent (i) notifies a Lender or Issuing Bank, or any Person who has received funds on behalf of a Lender or Issuing Bank (any such Lender, Issuing Bank or other recipient (and each of their respective successors and assigns), a "*Payment Recipient*") that the Credit Facility Agent has determined in its reasonable discretion (whether or not after receipt of any notice under immediately succeeding clause (b)) that any funds (as set forth in such notice from the Credit Facility Agent) received by such Payment Recipient from the Credit Facility Agent or any of its Affiliates were erroneously or mistakenly transmitted to, or otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such Lender, Issuing Bank or other Payment Recipient on its behalf) (any such funds, whether

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transmitted or received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise, individually and collectively, an "*Erroneous Payment*") and (ii) demands in writing the return of such Erroneous Payment (or a portion thereof), such Erroneous Payment shall at all times remain the property of the Credit Facility Agent pending its return or repayment as contemplated below in this <u>Section 10.15</u> (*Erroneous Payments*) and held in trust for the benefit of the Credit Facility Agent, and such Lender or Issuing Bank shall (or, with respect to any Payment Recipient who received such funds on its behalf, shall cause such Payment Recipient to) promptly, but in no event later than two (2) Business Days thereafter (or such later date as the Credit Facility Agent may, in its sole discretion, specify in writing), return to the Credit Facility Agent the amount of any such Erroneous Payment (or portion thereof) as to which such a demand was made, in same day funds (in the currency so received), together with interest thereon (except to the extent waived in writing by the Credit Facility Agent) in respect of each day from and including the date such Erroneous Payment (or portion thereof) was received by such Payment Recipient to the date such amount is repaid to the Credit Facility Agent in same day funds at the greater of the Federal Funds Effective Rate and a rate determined by the Credit Facility Agent in accordance with banking industry rules on interbank compensation from time to time in effect. A notice of the Credit Facility Agent to any Payment Recipient under this clause (a) shall be conclusive, absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Without limiting immediately preceding clause (a), each Lender, Issuing Bank or any Person who has received funds on behalf of a Lender or Issuing Bank (and each of their respective successors and assigns), agrees that if it receives a payment, prepayment or repayment (whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise) from the Credit Facility Agent (or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified in this Agreement or in a notice of payment, prepayment or repayment sent by the Credit Facility Agent (or any of its Affiliates) with respect to such payment, prepayment or repayment, (y) that was not preceded or accompanied by a notice of payment, prepayment or repayment sent by the Credit Facility Agent (or any of its Affiliates), or (z) that such Lender or Issuing Bank, or other such recipient, otherwise becomes aware was transmitted, or received, in error or by mistake (in whole or in part), then in each such case:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)it acknowledges and agrees that (A) in the case of immediately preceding clause (x) or (y), an error and mistake shall be presumed to have been made (absent written confirmation from the Credit Facility Agent to the contrary) or (B) an error and mistake has been made (in the case of immediately preceding clause (z)), in each case, with respect to such payment, prepayment or repayment; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)such Lender or Issuing Bank shall (and shall use commercially reasonable efforts to cause any other recipient that receives funds on its respective behalf to) promptly (and, in all events, within one (1) Business Day of its knowledge of the occurrence of any of the circumstances described in immediately preceding clauses (x), (y) and (z)) notify the Credit Facility Agent of its receipt of such payment, prepayment or repayment, the details thereof (in reasonable detail) and that it is so notifying the Credit Facility Agent pursuant to this <u>Section 10.15(b)</u> (*Erroneous Payments*).

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For the avoidance of doubt, the failure to deliver a notice to the Credit Facility Agent pursuant to this <u>Section 10.15(b)</u> (*Erroneous Payments*) shall not have any effect on a Payment Recipient's obligations pursuant to <u>Section 10.15(a)</u> (*Erroneous Payments*) or on whether or not an Erroneous Payment has been made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Each Lender and Issuing Bank hereby authorizes the Credit Facility Agent to set off, net and apply any and all amounts at any time owing to such Lender or Issuing Bank under any Finance Document, or otherwise payable or distributable by the Credit Facility Agent to such Lender or Issuing Bank under any Finance Document with respect to any payment of principal, interest, fees or other amounts, against any amount that the Credit Facility Agent has demanded to be returned under <u>Section 10.15(a)</u> (*Erroneous Payments*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)(i) In the event that an Erroneous Payment (or portion thereof) is not recovered by the Credit Facility Agent for any reason, after demand therefor in accordance with <u>Section 10.15(a)</u> (*Erroneous Payments*), from any Lender that has received such Erroneous Payment (or portion thereof) (and/or from any Payment Recipient who received such Erroneous Payment (or portion thereof) on its respective behalf) (such unrecovered amount, an "*Erroneous Payment Return Deficiency*"), upon the Credit Facility Agent's notice to such Lender at any time, then effective immediately (with the consideration therefor being acknowledged by the parties hereto), (A) such Lender shall be deemed to have assigned its Loans (but not its Commitments) with respect to which such Erroneous Payment was made (the "*Erroneous Payment Impacted Class*") in an amount equal to the Erroneous Payment Return Deficiency (or such lesser amount as the Credit Facility Agent may specify) (such assignment of the Loans (but not Commitments) of the Erroneous Payment Impacted Class, the "*Erroneous Payment Deficiency Assignment*") (on a cashless basis and such amount calculated at par plus any accrued and unpaid interest (with the assignment fee to be waived by the Credit Facility Agent in such instance)), and is hereby (together with the Borrower) deemed to execute and deliver a Lender Assignment Agreement with respect to such Erroneous Payment Deficiency Assignment, and such Lender shall deliver any Notes evidencing such Loans to the Borrower or the Credit Facility Agent (but the failure of such Person to deliver any such Notes shall not affect the effectiveness of the foregoing assignment), (B) the Credit Facility Agent as the assignee Lender shall be deemed to have acquired the Erroneous Payment Deficiency Assignment, (C) upon such deemed acquisition, the Credit Facility Agent as the assignee Lender shall become a Lender, as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment and the assigning Lender shall cease to be a Lender, as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment, excluding, for the avoidance of doubt, its obligations under the indemnification provisions of this Agreement and its applicable Commitments which shall survive as to such assigning Lender, (D) the Credit Facility Agent and the Borrower shall each be deemed to have waived any consents required under this Agreement to any such Erroneous Payment Deficiency Assignment, and (E) the Credit Facility Agent will reflect in the Register its ownership interest in the Loans subject to the Erroneous Payment Deficiency Assignment. For the avoidance of doubt, no Erroneous Payment Deficiency Assignment will reduce the Commitments of any Lender and such Commitments shall remain available in accordance with the terms of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;Subject to <u>Section 11.04</u> (*Assignments*) (but excluding, in all events, any assignment consent or approval requirements (whether from the Borrower or otherwise)),

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the Credit Facility Agent may, in its discretion, sell any Loans acquired pursuant to an Erroneous Payment Deficiency Assignment and upon receipt of the proceeds of such sale, the Erroneous Payment Return Deficiency owing by the applicable Lender shall be reduced by the net proceeds of the sale of such Loan (or portion thereof), and the Credit Facility Agent shall retain all other rights, remedies and claims against such Lender (and/or against any recipient that receives funds on its respective behalf). In addition, an Erroneous Payment Return Deficiency owing by the applicable Lender (A) shall be reduced by the proceeds of prepayments or repayments of principal and interest, or other distribution in respect of principal and interest, received by the Credit Facility Agent on or with respect to any such Loans acquired from such Lender pursuant to an Erroneous Payment Deficiency Assignment (to the extent that any such Loans are then owned by the Credit Facility Agent) and (y) may, in the sole discretion of the Credit Facility Agent, be reduced by any amount specified by the Credit Facility Agent in writing to the applicable Lender from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)The parties hereto agree that (A) irrespective of whether the Credit Facility Agent may be equitably subrogated, in the event that an Erroneous Payment (or portion thereof) is not recovered from any Payment Recipient that has received such Erroneous Payment (or portion thereof) for any reason, the Credit Facility Agent shall be subrogated to all the rights and interests of such Payment Recipient (and, in the case of any Payment Recipient who has received funds on behalf of a Lender or Issuing Bank, to the rights and interests of such Lender or Issuing Bank, as the case may be) under the Finance Documents with respect to such amount (the "*Erroneous Payment Subrogation Rights*") (*provided* that, the Obligors' Loan Obligations under the Finance Documents in respect of the Erroneous Payment Subrogation Rights shall not be duplicative of such Loan Obligations in respect of Loans that have been assigned to the Credit Facility Agent under an Erroneous Payment Deficiency Assignment), and (B) an Erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Loan Obligations owed by the Borrower or any other Obligor; *provided* that, this <u>Section 10.15(e)</u> (*Erroneous Payments*) shall not be interpreted to increase (or accelerate the due date for), or have the effect of increasing (or accelerating the due date for), the Loan Obligations of the Borrower relative to the amount (and/or timing for payment) of the Loan Obligations that would have been payable had such Erroneous Payment not been made by the Credit Facility Agent; *provided further* that, for the avoidance of doubt, immediately preceding clauses (A) and (B) shall not apply to the extent any such Erroneous Payment is, and solely with respect to the amount of such Erroneous Payment that is, comprised of funds received by the Credit Facility Agent from the Borrower for the purpose of making such Erroneous Payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)To the extent permitted by applicable law, no Payment Recipient shall assert any right or claim to an Erroneous Payment, and hereby waives, and is deemed to waive, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Credit Facility Agent for the return of any Erroneous Payment received, including, without limitation, any defense based on "discharge for value" or any similar doctrine.

(e<u>g</u>) Each party's obligations, agreements and waivers under this <u>Section 10.15</u> (*Erroneous Payments*) shall survive the resignation or replacement of the Credit Facility Agent,

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the termination of the Commitments and/or the repayment, satisfaction or discharge of all Loan Obligations (or any portion thereof) under any Finance Document.

Section 10.16&nbsp;&nbsp;&nbsp;&nbsp;<u>Certain Representations and Warranties of the Lenders and Issuing Banks(a)</u> .Each Lender and each Issuing Bank represents and warrants that (a) this Agreement (and the other Finance Documents in respect of the Loan Obligations) set forth the terms of a commercial lending facility, (b) in participating as a Lender, it is engaged in making, acquiring or holding commercial loans and in providing other facilities set forth herein as may be applicable to such Lender or Issuing Bank, in each case, in the ordinary course of business, and not for the purpose of investing in the general performance or operations of the Borrower, or for the purpose of purchasing, acquiring or holding any other type of financial instrument such as a security (and each Lender and each Issuing Bank agrees not to assert a claim in contravention of the foregoing, such as a claim under the federal or state securities laws), (c) it has, independently and without reliance upon the Credit Facility Agent, any Arranger, or any other Lender or Issuing Bank, or any of the Related Parties of any of the foregoing, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement as a Lender or Issuing Bank, and to make, acquire or hold Loans hereunder or other Loan Obligations, and (d) it is sophisticated with respect to decisions to make, acquire and/or hold commercial loans and to provide other facilities set forth herein, as may be applicable to such Lender or such Issuing Bank, and either it, or the Person exercising discretion in making its decision to make, acquire and/or hold such commercial loans or to provide such other facilities, is experienced in making, acquiring or holding such commercial loans or providing such other facilities. Each Lender and each Issuing Bank also acknowledges that it will, independently and without reliance upon the Credit Facility Agent, any Arranger or any other Lender or Issuing Bank, or any of the Related Parties of any of the foregoing, and based on such documents and information (which may contain material, non-public information within the meaning of the United States securities laws concerning the Borrower and its Affiliates) as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Finance Documents in respect of the Loan Obligations or any related agreement or any document furnished hereunder or thereunder.

ARTICLE XI

MISCELLANEOUS PROVISIONS

<u>Section 11.01&nbsp;&nbsp;&nbsp;&nbsp;Decisions; Amendments, Etc.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Subject to the terms of the Intercreditor Agreement and the Common Security and Account Agreement, no Modification or termination of any provision of this Agreement or other Decision by Lenders or Issuing Banks under this Agreement shall be effective unless in writing signed by the Obligors and the Credit Facility Agent (acting on the instruction of the Required Lenders), and each such Modification, termination or Decision shall be effective only in the specific instance and for the specific purpose for which given; *provided* that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the consent of each Lender or each Issuing Bank directly and adversely affected thereby will be required with respect to:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)increases in or extensions (other than pursuant to <u>Section 2.08</u> (*Incremental Commitments*) or with respect to incurrence of any Additional Senior Debt to which such Lender has agreed to participate) of or change to the order of application of any reduction in any Commitments or change to the order of application of any prepayment of Loans from the application thereof set forth in the applicable provisions of <u>Section 2.07</u> (*Termination or Reduction of Commitments*), <u>Section 4.11</u> (*Voluntary Prepayment*), <u>Section 4.12</u> (*Mandatory Prepayment*) (it being understood that a waiver of any of the conditions in <u>Section 7.01</u> (*Conditions to <u>Initial</u> Closing*), <u>Section 7.02</u> <u>(</u>*<u>Conditions to Upsize Closing</u>*<u>), Section 7.03</u> (*Conditions to Each Term Loan Advance*) or <u>Section</u> <u>7.03</u><u>7.04</u> (*Conditions to Each Working Capital* Advance) or waiver of any Loan Facility Event of Default, Unmatured Loan Facility Event of Default or mandatory prepayment will not constitute an increase or extension of any Commitment);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)reductions of the principal of, or the interest or rate of interest specified herein on, any Loan, or any Fees or other amounts (including reduction in the amount to be paid in respect of any mandatory prepayments under <u>Section 4.12</u> (*Mandatory Prepayment*)) payable to any Lender or Issuing Bank hereunder (other than by virtue of a waiver of any of the conditions in <u>Section 7.01</u> (*Conditions to <u>Initial</u> Closing*), <u>Section 7.02</u> <u>(</u>*<u>Conditions to Upsize Closing</u>*<u>) Section 7.03</u> (*Conditions to Each Term Loan Advance*) or <u>Section</u> <u>7.03</u><u>7.04</u> (*Conditions to Each Working Capital Advance*), Loan Facility Event of Default or Unmatured Loan Facility Event of Default or change to a financial ratio);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)extensions of the Final Maturity Date or <u>applicable</u> Working Capital Loan Termination Date under this Agreement, any date scheduled for any payment of principal, fees, interest or amortization payment (as applicable) under <u>Section 4.01</u> (*Repayment of Term Loan Advances*), <u>Section 4.04</u> (*Interest Payment Dates*) or <u>Section 4.15</u> (*Fees*) or mandatory payment under <u>Section 4.12</u> (*Mandatory Prepayment*) (it being understood that a waiver of any condition precedent or the waiver of any Loan Facility Event of Default or Unmatured Loan Facility Event of Default or change to a financial ratio will not constitute an extension of the Final Maturity Date); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)Modifications to the provisions of <u>Section 4.16</u> (*Pro Rata Treatment*) or <u>Section 4.17</u> (*Sharing of Payments*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the consent of each Lender and each Issuing Bank will be required with respect to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)changes to any provision of this <u>Section 11.01</u> (*Decisions; Amendments, Etc.*), the definition of Required Lenders, or any other provision hereof specifying the number or percentage of Lenders or Issuing Banks required to amend, waive, terminate or otherwise modify any rights hereunder or make any determination or grant any consent hereunder;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)releases or Modifications of all or a material portion of the Collateral from the Lien of any of the Security Documents (other than as permitted in the Finance Documents);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)releases of all or a substantial portion of the value of the Guarantee by the Guarantors under or in connection with this Agreement, the Common Terms Agreement, the Common Security and Account Agreement or any Security Document (other than as permitted in the Finance Documents);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)assignment or transfer by any Obligor of any of its rights and obligations under this Agreement except with respect to any such assignment or transfer expressly permitted under this Agreement, the Common Terms Agreement or the Common Security and Account Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E)any of the amendments contemplated in Schedule 1(a), (b), (c), (d), (e), (f), (g), and (h) (*All Loan Facilities Decisions*) of the Intercreditor Agreement; *provided* that, the consent of all Lenders will be required with respect to Schedule 1(b) (*All Loan Facilities Decisions*) of the Intercreditor Agreement only to the extent such amendment adversely affects the timing or priority of payments for Senior Debt Obligations in the cash waterfall in Section 4.7 (*Cash Waterfall*) of the Common Security and Account Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(F)satisfaction or waiver of each of the conditions in <u>Section 7.01</u> (*Conditions to <u>Initial Closing</u>*<u>) or Section 7.02 (</u>*<u>Conditions to Upsize</u> Closing*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(G)any amendment, waiver, consent or other modification to subordinate the Loans to any other Indebtedness for borrowed money or subordinate any Lien securing the Loans on a material portion of the Collateral to any othe Lien securing any other Indebtedness, in each case, except any "debtor-in-possession" facility (*provided* that, in respect of any such "debtor-in-possession" facility, each Lender will be offered the opportunity on a pro rata basis to participate therein), without the consent of each Lender and each Issuing Bank; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the consent of any Lender (other than any Lender that is an Obligor, the Pledgor or the Sponsor or an Affiliate thereof except as set forth in Section 7.4 (*Sponsor Voting*) of the Common Security and Account Agreement) will be sufficient with respect to any Modification, termination or Decision specified in a Finance Document as being made solely by any individual Senior Creditor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Except as set forth in Section 7.4 (*Sponsor Voting*) of the Common Security and Account Agreement, no Lender that is an Obligor or the Sponsor or an Affiliate thereof shall cast a vote with respect to any Decision.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)In the event that the Credit Facility Agent is required to cast a vote with respect to a Decision under this Agreement or under Section 3.6 (*Other Voting Considerations*) of the Intercreditor Agreement and in each other instance in which the Lenders or Issuing Banks are required to vote or make a Decision, a vote shall be taken among the Lenders or Issuing Banks in

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the timeframe reasonably specified by the Credit Facility Agent (which timeframe shall expire at least two (2) Business Days prior to the expiration of the time period specified in the notice provided by the Intercreditor Agent to the Credit Facility Agent pursuant to Section 4.5(a)(iii) (*Certain Procedures Relating to Modifications, Instructions, and Exercises of Discretion*) of the Intercreditor Agreement).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)No vote shall be required for any Decision or other action permitted to be taken by any individual Lender or any individual Issuing Bank pursuant to <u>Section 9.03(b)</u> (*Action Upon Event of Default*) of this Agreement, and the Credit Facility Agent shall be authorized to act at the direction of any Lender or any Issuing Bank in respect of any such Decision or action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Subject to clause (f) below, in the event any Lender or any Issuing Bank does not cast its votes by the later of (i) the timeframe specified by the Credit Facility Agent pursuant to clause (c) above and (ii) ten (10) Business Days following receipt of the request for such vote or Decision, the Borrower shall be entitled to instruct the Credit Facility Agent to deliver a notice to such Lender or Issuing Bank, informing it that if it does not respond within an additional five (5) Business Days of the date of such notice (or such longer period as the Borrower may reasonably determine in consultation with the Credit Facility Agent), its vote shall be disregarded. If such Lender or Issuing Bank (A) has not advised the Credit Facility Agent within the time specified in the additional notice whether it approves or disapproves of the applicable Decision or (B) has advised the Credit Facility Agent that it has determined to abstain from voting on such Decision, such Lender or Issuing Bank shall be deemed to have waived its right to consent, approve, waive or provide direction with respect to such Decision and shall be excluded from the numerator and denominator of such calculation for the purpose of determining whether the Required Lenders have made a decision with respect to such action. Such Lender hereby waives any and all rights it may have to object to or seek relief from the decision of the Lenders voting with respect to such issue and agrees to be bound by such decision.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)The provisions of clauses (c) and (e) above do not apply to any action that requires the consent of 100% of the Lenders or Issuing Banks or the consent of each affected Lender and Issuing Bank, as applicable, as set forth in <u>Section 11.01(a)(i)</u> and <u>(ii)</u> (*Decisions; Amendments, Etc.*) above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)The agreements contemplated by this <u>Section 11.01</u> (*Decisions; Amendments, Etc.*) shall not be required^

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)for any update to the Amortization Schedule delivered in accordance with <u>Section 4.01(b)</u> (*Repayment of Term Loan Advances*) (which amendments shall be effective, absent any manifest error, upon delivery by the Credit Facility Agent to the Borrower and Intercreditor Agent of the updated Amortization Schedule in accordance with the provisions of such Section);-^.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)to the extent the Borrower pursues and satisfies the conditions for Project Phase 2 Development Debt (as set out in the Common Terms Agreement), for any amendment or modification to facilitate the incurrence of such Project Phase 2 Development Debt (including, for example, opening of additional ancillary bank accounts) so long as (A) the conditions for Project Phase 2 Development Debt, have been satisfied (or waived by the Requisite Intercreditor Parties) in accordance with Section 6.4 (*Project* 

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*Phase 2 Development Debt*) of the Common Terms Agreement (as in effect on the Closing Date), and (B) any such amendments are mechanical in nature and consistent with the changes to the Common Terms Agreement for phase 1 of the Venture Global Plaquemines LNG project that were required for phase 2 of such project.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)With respect to any modification, consent or waiver under any Finance Document requiring the vote of the Credit Facility Agent as Senior Creditor Group Representative of the Lenders and the Issuing Banks, such vote will be cast in accordance with the Intercreditor Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Notwithstanding anything herein to the contrary, in the Common Terms Agreement or in the Common Security and Account Agreement to the contrary, the Lenders or Issuing Banks, or the Credit Facility Agent as Senior Creditor Group Representative, shall not be entitled to vote on any covenant or event of default in the Common Terms Agreement if such covenant or event of default expressly does not extend to the Lenders or the Issuing Banks under the terms of this Agreement.

(j)Notwithstanding anything herein to the contrary, each of the Lenders and Issuing Banks authorizes and instructs the Credit Facility Agent to make Administrative Decisions (as defined in the Intercreditor Agreement) with respect to this Agreement without the need for further authorization, consent or instruction from any Lender, Issuing Bank or other Credit Facility Secured Party with respect to such Administrative Decisions.

<u>Section 11.02&nbsp;&nbsp;&nbsp;&nbsp;Entire Agreement</u>. This Agreement, the other Finance Documents and any agreement, document or instrument attached hereto or referred to herein integrate all the terms and conditions mentioned herein or incidental hereto and supersede all oral negotiations and prior writings in respect to the subject matter hereof.

<u>Section 11.03&nbsp;&nbsp;&nbsp;&nbsp;Applicable Government Rule; Jurisdiction; Etc.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>GOVERNING LAW</u>. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>SUBMISSION TO JURISDICTION</u>.&nbsp;&nbsp;&nbsp;&nbsp;The provisions set forth in Section 23.14 (*Consent to Jurisdiction*) of the Common Terms Agreement are incorporated by reference and shall apply *mutatis mutandis* as if fully set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)<u>Service of Process</u>. Each party irrevocably consents to the service of any and all process in any such action or proceeding by the mailing of copies of such process to such Person at its then effective notice addresses pursuant to <u>Section 11.10</u> (*Notices and Other Communications*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)<u>Immunity</u>. The provisions set forth in Section 23.3 (*Waiver of Immunity*) of the Common Terms Agreement are incorporated by reference and shall apply *mutatis mutandis* as if fully set forth herein.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)<u>WAIVER OF JURY TRIAL</u>. The provisions set forth in Section 23.13 (*Waiver of Jury Trial*) of the Common Terms Agreement are incorporated by reference and shall apply *mutatis mutandis* as if fully set forth herein.

<u>Section 11.04 Assignments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that none of the Obligors may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each of the Lenders, each of the Issuing Banks and the Credit Facility Agent (and any attempted assignment or other transfer by any Obligor without such consent shall be null and void), and no Lender or Issuing Bank may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Acceptable Lender in accordance with <u>Section 11.04(b)</u> and <u>Section 11.04(i)</u> (*Assignments*), (ii) by way of participation in accordance with Section <u>11.04(d)</u> through <u>(f)</u> (*Assignments*) or (iii) by way of pledge or assignment of a security interest subject to the restrictions of <u>Section 11.04(g)</u> (*Assignments*) (and any other attempted assignment or transfer by any party hereto shall be null and void).

(b)(i) Subject to <u>Section 11.04(i)</u>, <u>Section 11.04(j)</u> and this <u>Section 11.04(b)</u> (*Assignments*), any Lender may at any time after the date hereof assign to one or more Acceptable Lenders all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans at the time owing to it and, if such Loans are LC Loans, an equal portion of its Non-Fronting Limit); *provided* that, during the Availability Period for any Type of Loans or Commitments subject to assignment, (A) any such Acceptable Lender is an Eligible Assignee or has a then-current credit rating of at least equivalent to Baa2 from Moody's or BBB from S&P or, if applicable, an insurer whose financial strength rating is at least equivalent to Baa1 from Moody's or BBB+ from S&P or is otherwise creditworthy in the opinion of the Borrower (acting reasonably) in light of the Commitments proposed to be assigned, transferred or novated and (B) if the assigning Working Capital Lender is an Issuing Bank, the assignee is an Eligible Assignee or meets the ratings criteria within the definition of Issuing Bank; *provided further* that, on the date of such assignment, such assignment would not result in an increase in amounts payable by the Borrower under <u>Section 5.03</u> (*Increased Costs*) or <u>Section 5.05</u> (*Funding Losses*), unless such increase in amounts payable measured on such date of assignment is waived by the assigning and assuming Lenders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)Assignments made pursuant to this <u>Section 11.04(b)</u> (*Assignments*) shall be made with the prior written approval of the Borrower (such approval not to be unreasonably withheld or delayed and to be deemed to have been given by the Borrower if the Borrower has not responded in writing within fifteen (15) Business Days of request) unless (A) such assignment is to a Person described in clauses (a) or (b) of the definition of "Eligible Assignee" or (B) a Loan Facility Event of Default has occurred and is Continuing; *provided* that, where the prior written approval of the Borrower is not required, the assigning Existing Facility Lender shall promptly notify the Borrower of any such assignment, novation or transfer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)Except in the case of (A) an assignment of the entire remaining amount of the assigning Lender's Commitment of a certain Type and, if such assignment is of a

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Working Capital Commitment, the Working Capital Loans and LC Loans owing to it and its entire Non-Fronting Limit or (B) an assignment to a Lender, or an Affiliate of a Lender, or an Approved Fund with respect to a Lender, the sum of (x) the outstanding Commitments, if any, and (y) the outstanding Loans subject to each such assignment (determined as of the date the Lender Assignment Agreement with respect to such assignment is delivered to the Credit Facility Agent or, if "Trade Date" is specified in the Lender Assignment Agreement, as of the Trade Date) shall not be less than $5,000,000, in the case of Term Loans and Term Loan Commitments, and $1,000,000 in the case of Working Capital Commitments and, with respect to the assignment of the Term Loans, in integral multiples of $1,000,000, and with respect to the assignment of Working Capital Loans, in integral multiples of $500,000, unless the Credit Facility Agent otherwise consents in writing. <u>For the avoidance of doubt, such minimum amounts and integral multiples shall be calculated on an aggregate basis between Tranches in respect of Commitments and Loans of a particular Type.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)Subject to <u>Section 11.04(g)</u> and <u>Section 11.04(i)</u> (*Assignments*), each partial assignment shall be made as an assignment of the same percentage of outstanding Commitments and outstanding Loans of the same Type and a proportionate part of all the assigning Lender's rights and obligations under this Agreement with respect to the Loan and the Commitment of the-such Type.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)The parties to each assignment shall execute and deliver to the Credit Facility Agent a Lender Assignment Agreement, in the form of <u>Exhibit E</u> (*Form of Lender Assignment Agreement*), together with a processing and recordation fee of $3,500; *provided* that, (A) no such fee shall be payable in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund with respect to a Lender and (B) in the case of contemporaneous assignments by a Lender to one or more Approved Funds managed by the same investment advisor (which Approved Funds are not then Lenders hereunder), only a single such fee shall be payable for all such contemporaneous assignments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)If the Acceptable Lender is not a Lender prior to such assignment, it shall deliver to the Credit Facility Agent an administrative questionnaire and all documentation and other information required by bank regulatory authorities under applicable "know your customer" requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Credit Facility Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Borrower and the Credit Facility Agent, the applicable *pro rata* share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (A) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Credit Facility Agent, and each other Lender hereunder (and interest accrued thereon), including any Issuing Bank pursuant to <u>Section 3.02(e)</u> (*Reimbursement of Issuing Bank*),

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and (B) acquire (and fund as appropriate) its full *pro rata* share of all Loans in accordance with its Commitment Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Subject to acceptance and recording thereof by the Credit Facility Agent pursuant to <u>Section 11.04(c)</u> (*Assignments*), from and after the effective date specified in each Lender Assignment Agreement, the Acceptable Lender thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Lender Assignment Agreement, have the rights and obligations of a Lender under this Agreement and the other applicable Finance Documents, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Lender Assignment Agreement, be released from its obligations under this Agreement and the other applicable Finance Documents (and, in the case of a Lender Assignment Agreement covering all of the assigning Lender's rights and obligations under this Agreement, such Lender shall cease to be a party hereto or benefit from any Finance Document) but shall continue to be entitled to the benefits of <u>Section 5.01</u> (*Illegality*), <u>Section 5.03</u> (*Increased Costs*), <u>Section 5.05</u> (*Funding Losses*) and <u>Section 5.06</u> (*Taxes*) hereof, and Section 23.4 (*Expenses*) of the Common Terms Agreement and Section 12.18 (*Other Indemnities*) of the Common Security and Account Agreement with respect to facts and circumstances occurring prior to the effective date of such assignment; *provided* that, except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender's having been a Defaulting Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(ix)</u>Upon request, the Borrower (at its expense) shall execute and deliver a Note to the assignee Lender and/or a revised Note to the assigning Lender reflecting such assignment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(x)</u>Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this <u>Section 11.04(b)</u> (*Assignments*) shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with <u>Section 11.04(d)</u> through <u>(f)</u> (*Assignments*). Any assignment or transfer by an Issuing Bank of rights or obligations under this Agreement that does not comply with this <u>Section 11.04(b)</u> (*Assignments*) and <u>Section 3.05</u> (*Resignation as an Issuing Bank*), as applicable, shall be null and void. Upon any such assignment, the Credit Facility Agent will deliver a notice thereof to the Borrower (*provided* that, failure to deliver such notice shall not result in any liability for the Credit Facility Agent).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(xi)</u><u>(A) Each assignment of Tranche 1 Loans and Tranche 1 Commitments by any Lender holding both Tranche 1 Loans and Tranche 1 Commitments and Tranche 2 Loans and Tranche 2 Commitments shall be made together with an assignment of the corresponding Tranche 2 Loans and Tranche 2 Commitments held by such Lender in the</u> 

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<u>same</u> *<u>pro rata</u>* <u>amount and to the same assignee as the Tranche 1 Loans and Tranche 1 Commitments being assigned and (B) each assignment of Tranche 2 Loans and Tranche 2 Commitments by any Lender holding both Tranche 1 Loans and Tranche 1 Commitments and Tranche 2 Loans and Tranche 2 Commitments shall be made together with an assignment of the corresponding Tranche 1 Loans and Tranche 1 Commitments held by such Lender in the same</u> *<u>pro rata</u>* <u>amount and to the same assignee as the Tranche 2 Loans and Tranche 2 Commitments being assigned;</u> *<u>provided</u>*<u>,</u> *<u>however</u>*<u>, that any Lender party to both the Initial Commitment Letter and the Upsize Commitment Letter and holding both Tranche 1 Loans and Tranche 1 Commitments, as applicable, and Tranche 2 Loans and Tranche 2 Commitments, as applicable, shall be prohibited from assigning its Tranche 1 Loans and Tranche 1 Commitments until the earlier of July 28, 2026 and the date Successful Syndication (as defined in the Upsize Commitment Letter) is achieved, unless such Lender did not initiate the assignment thereof. For the avoidance of doubt, during the coordinated sell-down period contemplated by the Upsize Commitment Letter no Lender shall be subject to the foregoing requirements of this Section 11.04(b)(xi)(A) and (B).</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The Credit Facility Agent shall maintain the Register in accordance with <u>Section 2.06(e)</u> (*Funding*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Any Lender may at any time, without the consent of, or notice to, the Borrower or the Credit Facility Agent, sell participations to a Participant (other than a Disqualified Institution) in all or a portion of such Lender's rights or obligations under this Agreement (including all or a portion of its Commitments or the Loans under this Agreement owing to it); *provided* that, (i) <u>(A) each sale of participations in Tranche 1 Loans and Tranche 1 Commitments by any Lender holding both Tranche 1 Loans and Tranche 1 Commitments and Tranche 2 Loans and Tranche 2 Commitments shall be made together with a sale of participations of the corresponding Tranche 2 Loans and Tranche 2 Commitments held by such Lender in the same</u> *<u>pro rata</u>* <u>amount and to the same Participant as the Tranche 1 Loans and Tranche 1 Commitments participations being sold and (B) each sale of participations in Tranche 2 Loans and Tranche 2 Commitments by any Lender holding both Tranche 1 Loans and Tranche 1 Commitments and Tranche 2 Loans and Tranche 2 Commitments shall be made together with a sale of participations of the corresponding Tranche 1 Loans and Tranche 1 Commitments held by such Lender in the same</u> *<u>pro rata</u>* <u>amount and to the same Participant as the Tranche 2 Loan and Tranche 2 Commitments participations being sold; and</u> *<u>provided</u>*<u>,</u> *<u>however</u>*<u>,</u> *<u>that</u>* <u>any Lender party to both the Initial Commitment Letter and the Upsize Commitment Letter and holding both Tranche 1 Loans and Tranche 1 Commitments, as applicable, and Tranche 2 Loans and Tranche 2 Commitments, as appliable, shall be prohibited from participating its Tranche 1 Loans and Tranche 1 Commitments until the earlier of July 28, 2026 and the date Successful Syndication (as defined in the Upsize Commitment Letter) is achieved, unless such Lender did not initiate the participation thereof and, for the avoidance of doubt, during the coordinated sell-down period contemplated by the Upsize Commitment Letter no Lender shall be subject to the foregoing requirements of Section 11.04(d)(i)(A) and (B), (ii)</u> such Lender's obligations under this Agreement shall remain unchanged, (ii<u>iii</u>) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii<u>i</u><u>v</u>) the Borrower, the Credit Facility Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender's rights and obligations under this Agreement. For the avoidance of doubt, each Lender

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shall be responsible for the indemnity under <u>Section 10.06</u> (*Indemnification by the Lenders*) with respect to any payments made by such Lender to its Participant(s).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; *provided* that, such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in the first proviso to <u>Section 11.01</u> (*Decisions; Amendments, Etc.*) that directly affects such Participant. The Borrower agrees that each Participant shall be entitled to the benefits of <u>Sections 5.03</u> (*Increased Costs*), <u>5.05</u> (*Funding Losses*) and <u>5.06</u> (*Taxes*) (subject to the requirements and limitations therein and in Article 21 (*Tax Gross-Up and Indemnities*) of the Common Terms Agreement, including the requirements under Section 21.5 (*Status of Facility Lenders and Facility Agents*) of the Common Terms Agreement (it being understood that any documentation required under <u>Section 5.06</u> (*Taxes*) shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this <u>Section 11.04</u> (*Assignments*); *provided* that, such Participant (A) agrees to be subject to the provisions of <u>Section 5.04</u> (*Obligation to Mitigate*) as if it were an assignee under paragraph (b) of this <u>Section 11.04</u> (*Assignments*); and (B) shall not be entitled to receive any greater payment under <u>Sections 5.03</u> (*Increased Costs*) or <u>5.06</u> (*Taxes*), with respect to any participation, than its participating Lender would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Each Lender that sells a participation agrees, at such Lender's request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of <u>Section 5.04</u> (*Obligation to Mitigate*) with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of <u>Section 11.13</u> (*Right of Set-Off)* as though it were a Lender; *provided* that, such Participant agrees to be subject to <u>Section 4.17</u> (*Sharing of Payments*) as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a Participant Register; *provided* that, no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant's interest in any commitments, loans or its other obligations under any Finance Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan or other obligation is in registered form under Section 5f.103-1(c) and proposed Section 1.163-5(b) of the United States Treasury Regulations (and any successor or amended versions). The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Credit Facility Agent (in its capacity as Credit Facility Agent) shall have no responsibility for maintaining a Participant Register.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under its Notes, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve

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Bank or any central bank having jurisdiction over such Lender in accordance with any applicable law, and this <u>Section 11.04</u> (*Assignments*) shall not apply to any such pledge or assignment of a security interest; *provided* that, no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto; *provided further* that, in no event shall the applicable Federal Reserve Bank, central bank, pledgee or trustee be considered to be a "Lender" or "Issuing Bank," as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)The words "*execution*," "*signed*," "*signature*," and words of like import in any Lender Assignment Agreement shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable Government Rule, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)All assignments by a Lender of all or a portion of its rights and obligations hereunder with respect to then outstanding Commitments of a certain Type shall be made only as an assignment of the same percentage of outstanding Commitments of such Type and outstanding Loans of such Type, and, in the case an assignment of rights and obligations with respect to a Working Capital Commitment, the Non-Fronting Limit under this Agreement held by such Lender. If a Working Capital Lender has no unused Working Capital Commitments, assignments of outstanding Loans owing to such Working Capital Lender may be made, together with a*pro rata* portion of such Working Capital Lender's rights and obligations with respect to the Loans subject to such assignment, in such amounts, to such persons and on such terms as are permitted by and otherwise in accordance with <u>Section 11.04(b)</u> (*Assignments*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)No sale, assignment, transfer, negotiation or other disposition of the interests of any Lender or Issuing Bank hereunder or under the other Finance Documents shall be allowed if it could reasonably be expected to require securities registration under any laws or regulations of any applicable jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)Notwithstanding anything to the contrary herein, (i) in no event may any Working Capital Lender assign all or any portion of its Working Capital Loans, Working Capital Commitments, LC Loans or participations in Letters of Credit to an Affiliated Lender and (ii) subject to <u>Section 11.04(b)</u> (*Assignments*) and so long as no Loan Facility Event of Default has occurred and is Continuing, any Term Lender may assign all or any portion of its Term Loans and/or Term Loan Commitments hereunder to any Affiliated Lender (pursuant to an assignment agreement in which such Affiliated Lender shall identify itself), but only if after giving effect to such assignment, Affiliated Lenders shall not, in the aggregate, own or hold Term Loans and Term Loan Commitments with an aggregate principal amount in excess of 25% of the aggregate principal amount of the Term Loans then outstanding and the remaining Term Loan Commitments (calculated as of the date of such purchase) (the "*Affiliated Lender Cap*"); *provided* that, to the extent that any assignment to any Affiliated Lender would result in the aggregate principal amount of Term Loans and Term Loan Commitments held by Affiliated Lenders exceeding the Affiliated Lender Cap (after giving effect to any substantially simultaneous cancellation thereof), the

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assignment of such excess amount shall be null and void. To the extent that any Affiliated Lender holds Term Loans or Term Loan Commitments, no such Affiliated Lender shall (A) except as set forth in Section 7.4 (*Sponsor Voting*) of the Common Security and Account Agreement, (x) have any voting or approval rights under the Finance Documents or (y) be permitted to require the Credit Facility Agent, the Collateral Agent, the Intercreditor Agent or any other Senior Creditor to undertake any action (or refrain from taking any action) pursuant to or with respect to the Finance Documents, (B) be permitted to, in its capacity as a Lender, attend any meeting or conference call with the Credit Facility Agent, the Collateral Agent, the Intercreditor Agent oranyother Senior Creditor unless the Borrower has been invited to attend such conference calls or meetings, receive any information from the Credit Facility Agent, the Collateral Agent, the Intercreditor Agent, any Lender or any other Senior Creditor unless such information has been made available to the Borrower (other than the right to receive notices of borrowings, notices of prepayments, and other administrative notices in respect of its Term Loans or Term Loan Commitments required to be delivered pursuant to <u>Article II</u> (*Commitments and Advances*) or <u>Article IV</u> (*Repayments, Prepayments, Interest and Fees*)) or have any rights of inspection or access relating to any Collateral Party or (C) be permitted to make or bring any claim, in its capacityas Lender, against the Credit Facility Agent, the Collateral Agent, the Intercreditor Agent or any other Lender or Senior Creditor with respect to the duties and obligations of such Person under the Finance Documents other than in the case ofa material breachbythe Credit Facility Agent, the Collateral Agent, the Intercreditor Agent or any other Lender or Senior Creditor to such Affiliated Lender (except with respect to any such breaches applicable to the Lenders generally unless the other Lenders have made or brought such claims).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)Each Affiliated Lender, solely in its capacity as a Lender, hereby agrees, that, if any Collateral Party or any of their assets shall be subject to any voluntary or involuntary proceeding commenced under the Bankruptcy Code ("*Bankruptcy Proceedings*"), (i) such Affiliated Lender, solely in its capacity as a Lender, shall not take any step or action in such Bankruptcy Proceeding to object to, impede, or delay the exercise of any right or the taking of any action by the Credit Facility Agent (or the taking of any action by a third party that is supported by the Credit Facility Agent) in relation to such Affiliated Lender's claim with respect to its Term Loans or Term Loan Commitments (an "*Affiliated Lender Claim*") (including, without limitation, objecting to any debtor in possession financing, use of cash collateral, grant of adequate protection, sale or disposition, compromise, or plan of reorganization) so long as such Affiliated Lender is treated in connection with such exercise or action on the same or better terms as the other Lenders and (ii) with respect to any matter requiring the vote of Lenders during the pendency of a Bankruptcy Proceeding (including voting on any plan of reorganization), (A) the Advances held by such Affiliated Lender (and any Affiliated Lender Claim with respect thereto) shall be deemed to be voted in such Bankruptcy Proceeding in the same proportion as the allocation of voting with respect to such matter by those Lenders who are not Affiliated Lenders, so long as such Affiliated Lender is treated in connection with the exercise of such right or taking of such action on the same or better terms as the other Lenders, and (B) the Affiliated Lenders shall agree that the Credit Facility Agent shall vote on behalf of such Affiliated Lenders. For the avoidance of doubt, the Lenders and each Affiliated Lender, solely in its capacity as a Lender, agrees and acknowledge that the provisions set forth in this <u>Section 11.04(l)</u> (*Assignments*) constitute a "subordination agreement" as such term is contemplated by, and utilized in, Section

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510(a) of the Bankruptcy Code, and, as such, would be enforceable for all purposes in any case where a Collateral Party has filed for protection under the Bankruptcy Code.

<u>Section 11.05&nbsp;&nbsp;&nbsp;&nbsp;Benefits of Agreement</u>. Nothing in this Agreement or any other Finance Document, express or implied, shall be construed to give to any Person, other than the parties hereto, the Arrangers, and each of their successors and permitted assigns under this Agreement or any other Finance Document, Participants to the extent provided in <u>Section 11.04</u> (*Assignments*) and, to the extent expressly contemplated hereby, the Related Parties of each of the Credit Facility Agent, the Collateral Agent, the Lenders and the Issuing Banks, any benefit or any legal or equitable right or remedy under this Agreement.

<u>Section 11.06&nbsp;&nbsp;&nbsp;&nbsp;Counterparts; Effectiveness</u>. This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement shall become effective when it has been executed by the Credit Facility Agent and when the Credit Facility Agent has received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by portable document format ("pdf") shall be effective as delivery of a manually executed counterpart of this Agreement. The words "execution", "execute", "signed", "signature", and words of like import in or related to any document signed or to be signed in connection with this Agreement and the transactions contemplated hereby shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the parties hereto, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

<u>Section 11.07&nbsp;&nbsp;&nbsp;&nbsp;Indemnification by the Obligors</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Obligors, jointly and severally, hereby agree to indemnify the Credit Facility Agent, each Lender, each Issuing Bank, each Arranger and each Related Party of any of the foregoing Persons in accordance with Section 12.18 (*Other Indemnities*) of the Common Security and Account Agreement and Section 2.15 (*Other Indemnities*) of the Intercreditor Agreement, which shall be applied *mutatis mutandis* to the indemnified parties under this Agreement, as well as with respect to reliance by such indemnified party on each notice purportedly given by or on behalf of the Borrower pursuant to <u>Section 11.10</u> (*Notices and Other Communications*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)To the extent that any Obligor for any reason fails to pay any amount required under Section 12.18 (*Other Indemnities*) of the Common Security and Account Agreement or clause (a) above to be paid by it to any of the Credit Facility Agent, any sub-agent thereof or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Credit Facility Agent, any such sub-agent, or such Related Party, as the case may be, such Lender's ratable share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; *provided* that, the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against

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the Credit Facility Agent or any sub-agent thereof in its capacity as such, or against any Related Party of any of the foregoing acting for the Credit Facility Agent or any sub-agent thereof in connection with such capacity. The obligations of the Lenders under this <u>Section 11.07(b)</u> (*Indemnification by the Obligors*) are subject to the provisions of <u>Section 2.06</u> (*Funding*). The obligations of the Lenders to make payments pursuant to this <u>Section 11.07(b)</u> (*Indemnification by the Obligors*) are several and not joint and shall survive the payment in full of the Loan Obligations and the termination of this Agreement. The failure of any Lender to make payments on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The provisions of this <u>Section 11.07</u> (*Indemnification by the Obligors*) shall not supersede <u>Sections 5.03</u> (*Increased Costs*) and <u>5.06</u> (*Taxes*).

<u>Section 11.08&nbsp;&nbsp;&nbsp;&nbsp;Interest Rate Limitation</u>. Notwithstanding anything to the contrary contained in any Finance Document, the interest paid or agreed to be paid under the Finance Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Government Rule (the "*Maximum Rate*"). If the Credit Facility Agent or any Lender or any Issuing Bank shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by the Credit Facility Agent or any Lender or Issuing Bank exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Government Rule, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Loan obligations hereunder.

<u>Section 11.09&nbsp;&nbsp;&nbsp;&nbsp;No Waiver; Cumulative Remedies</u>. No failure by any Credit Facility Secured Party to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Finance Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other Finance Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

<u>Section 11.10&nbsp;&nbsp;&nbsp;&nbsp;Notices and Other Communications</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Any communication between the parties hereto or notices provided herein to be given may be given as provided in Section 23.8 (*Notices*) of the Common Terms Agreement, which shall apply *mutatis mutandis* to this <u>Section 11.10</u> (*Notices and Other Communications*) as if fully set forth herein except that references to the Intercreditor Agent shall be deemed references to the Credit Facility Agent as the context requires.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Credit Facility Agent, the Issuing Banks, the Collateral Agent and the Lenders shall be entitled to rely and act upon any written notices purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or

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were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. All telephonic notices to and other telephonic communications with the Credit Facility Agent, the Collateral Agent, the Issuing Banks and the Lenders by the Borrower may be recorded by the Credit Facility Agent, the Collateral Agent, the Issuing Banks and the Lenders, as applicable, and each of the parties hereto hereby consents to such recording.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Notwithstanding the above, nothing herein shall prejudice the right of the Credit Facility Agent, the Collateral Agent, any of the Issuing Banks and any of the Lenders to give any notice or other communication pursuant to any Finance Document in any other manner specified in such Finance Document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Notwithstanding anything to the contrary in any other Finance Document, for so long as MUFG Bank, Ltd. is the Credit Facility Agent, the Borrower hereby agrees that it will provide to the Credit Facility Agent all information, documents and other materials that it is obligated to furnish to the Credit Facility Agent pursuant to the Finance Documents, including all notices, requests, financial statements, financial and other reports, certificates and other information materials, but excluding any such communication that (i) relates to any Advance, (ii) relates to the payment of any principal or other amount due under this Agreement prior to the scheduled date therefor, (iii) provides notice of any Loan Facility Event of Default or Unmatured Loan Facility Event of Default or (iv) is required to be delivered to satisfy any condition precedent to any Advance (all such non-excluded communications being referred to herein collectively as "*Communications*"), in an electronic/soft medium in a format acceptable to the Credit Facility Agent at the email addresses specified in Schedule Q - 2 (*Addresses for Notices to Facility Agents and Facility Lenders*) of the Common Terms Agreement. In addition, the Borrower agrees to continue to provide the Communications to the Credit Facility Agent in the manner specified in the Finance Documents but only to the extent requested by the Credit Facility Agent.

<u>Section 11.11&nbsp;&nbsp;&nbsp;&nbsp;USA Patriot Act Notice</u>. Each of the Lenders, the Credit Facility Agent, the Collateral Agent and the Issuing Banks hereby notifies the Borrower that pursuant to the requirements of the USA Patriot Act, it is required to obtain, verify and record information that identifies the Borrower, the Guarantors and the Pledgor, which information includes the name and address of the Borrower, the Guarantors and the Pledgor and other information that will allow such Lender, the Credit Facility Agent, the Collateral Agent or such Issuing Bank, as applicable, to identify the Borrower, the Guarantors and the Pledgor in accordance with the USA Patriot Act.

<u>Section 11.12&nbsp;&nbsp;&nbsp;&nbsp;Payments Set Aside</u>. To the extent that any payment by or on behalf of the Borrower is made to the Credit Facility Agent, the Collateral Agent, any Issuing Bank or any Lender, or the Credit Facility Agent, the Collateral Agent, any Issuing Bank or any Lender (as the case may be) exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Credit Facility Agent, the Collateral Agent, any Issuing Bank or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any Bankruptcy Proceeding or otherwise, then (a) to the extent of such recovery, the Loan Obligation or part thereof originally intended to be satisfied by such payment shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and each Issuing

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Bank severally agrees to pay to the Credit Facility Agent or the Collateral Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Credit Facility Agent or the Collateral Agent, as the case may be, plus interest thereon from the date of such demand to the date such payment is made at a rate *per annum* equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Lenders and the Issuing Banks under this <u>Section 11.12</u> (*Payments Set Aside*) shall survive the payment in full of the Loan Obligations and the termination of this Agreement.

<u>Section 11.13&nbsp;&nbsp;&nbsp;&nbsp;Right of Set-Off</u>. The provisions set forth in Section 23.2 (*Right of Set-Off*) of the Common Terms Agreement are incorporated by reference and shall apply *mutatis mutandis* as if fully set forth herein.

<u>Section 11.14&nbsp;&nbsp;&nbsp;&nbsp;Severability</u>. If any provision of this Agreement or any other Finance Document is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Finance Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

<u>Section 11.15&nbsp;&nbsp;&nbsp;&nbsp;Survival</u>. Notwithstanding anything in this Agreement to the contrary, <u>Section 5.01</u> (*Illegality*), <u>Section 5.03</u> (*Increased Costs*), <u>Section 5.05</u> (*Funding Losses*), <u>Section 5.06</u> (*Taxes*), <u>Section 10.06</u> (*Indemnification by the Lenders*), <u>Section 11.07</u> (*Indemnification by the Obligors*), <u>Section 11.12</u> (*Payments Set Aside*) and <u>Section 11.20</u> (*No Recourse*) shall survive any termination of this Agreement. In addition, each representation and warranty made hereunder and in any other Finance Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties shall be considered to have been relied upon by the Credit Facility Secured Parties regardless of any investigation made by any Credit Facility Secured Party or on their behalf and notwithstanding that the Credit Facility Secured Parties may have had notice or knowledge of any Loan Facility Event of Default or Unmatured Loan Facility Event of Default at the time of any Advance or Loan hereunder, and shall continue in full force and effect as of the date made or any date referred to herein as long as any Loan or any other Senior Debt Obligation hereunder or under any other Finance Document shall remain unpaid or unsatisfied.

<u>Section 11.16&nbsp;&nbsp;&nbsp;&nbsp;Treatment of Certain Information; Confidentiality</u>. The Credit Facility Agent, the Collateral Agent, and each of the Lenders and Issuing Banks agrees to maintain the confidentiality of the Confidential Information and all information disclosed to it concerning this Agreement and the other Finance Documents in accordance with Section 23.7 (*Confidentiality*) of the Common Terms Agreement. For the avoidance of doubt, nothing herein prohibits any individual from communicating or disclosing information regarding suspected violations of laws, rules, or regulations to a governmental, regulatory, or self-regulatory authority.

<u>Section 11.17&nbsp;&nbsp;&nbsp;&nbsp;Waiver of Consequential Damages, Etc.</u>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The provisions set forth in Section 23.18 (*Limitations on Liability*) of the Common Terms Agreement are incorporated by reference and shall apply *mutatis mutandis* as if fully set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)No party hereto or its Related Parties shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Finance Documents or the transactions contemplated hereby or thereby.

<u>Section 11.18&nbsp;&nbsp;&nbsp;&nbsp;Waiver of Litigation Payments</u>. To the extent that any party hereto may, in any action, suit or proceeding brought in any of the courts referred to in <u>Section 11.03(b)</u> (*Applicable Government Rule; Jurisdiction, Etc. - Submission to Jurisdiction*) or elsewhere arising out of or in connection with this Agreement or any other Finance Document to which it is a party, be entitled to the benefit of any provision of law requiring any other party hereto in such action, suit or proceeding to post security for the costs of such Person or to post a bond or to take similar action, each such Person hereby irrevocably waives such benefit, in each case to the fullest extent now or in the future permitted under the laws of the State of New York or, as the case may be, the jurisdiction in which such court is located.

<u>Section 11.19&nbsp;&nbsp;&nbsp;&nbsp;Reinstatement</u>. This Agreement shall continue to be effective or be reinstated, as the case may be, if (and only to the extent that) any payment or performance of the obligations of the Borrower hereunder is rescinded, avoided, voidable, liable to be set aside, reduced or otherwise not properly payable to, or must otherwise be returned or restored by the Credit Facility Agent or any Lender or any Issuing Bank as a result of (a) Bankruptcy, insolvency, reorganization with respect to the Borrower or the Credit Facility Agent or any Lender or any Issuing Bank, (b) upon the dissolution of, or appointment of any intervenor, conservator, trustee or similar official for the Borrower, the Credit Facility Agent or any Lender or any Issuing Bank or for any substantial part of the Borrower's or any other such Person's assets, (c) as a result of any settlement or compromise with any Person (including the Borrower) in respect of such payment or otherwise, or (d) any similar event or otherwise and, in such case, the provisions of Section 10.1 (*Nature of Obligations*) of the Common Security and Account Agreement, which shall apply hereto *mutatis mutandis*.

<u>Section 11.20&nbsp;&nbsp;&nbsp;&nbsp;No Recourse</u>. The provisions set forth in Section 10.3 (*Limitation on Recourse*) of the Common Security and Account Agreement are incorporated by reference and shall apply *mutatis mutandis* as if fully set forth herein.

<u>Section 11.21&nbsp;&nbsp;&nbsp;&nbsp;Intercreditor Agreement</u>. Any actions, consents, approvals, authorizations or discretion taken, given, made or exercised, or not taken, given, made or exercised by the Credit Facility Agent, acting as a Senior Creditor Group Representative on behalf of the Lenders and Issuing Banks, in accordance with the Intercreditor Agreement shall be binding on each Lender and Issuing Bank. Notwithstanding anything to the contrary herein, in the case of any inconsistency between this Agreement and the Intercreditor Agreement, the Intercreditor Agreement shall govern.

<u>Section 11.22&nbsp;&nbsp;&nbsp;&nbsp;Termination</u>. This Agreement shall terminate and shall have no force and effect (except with respect to the provisions that expressly survive termination of this Agreement)

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in accordance with the provisions of Section 23.1 (*Termination*) of the Common Terms Agreement and if the Discharge Date with respect to the Loan Obligations has occurred.

<u>Section 11.23&nbsp;&nbsp;&nbsp;&nbsp;Acknowledgement and Consent to Bail-In of Affected Financial Institutions</u>. Notwithstanding anything to the contrary in any Finance Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any Finance Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the effects of any Bail-In Action on any such liability, including, if applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)a reduction in full or in part or cancellation of any such liability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Finance Document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of the applicable Resolution Authority.

<u>Section 11.24&nbsp;&nbsp;&nbsp;&nbsp;Acknowledgment Regarding any Supported QFCs</u>. To the extent that the Finance Documents provide support, through a guarantee or otherwise, for Hedging Instruments or any other agreement or instrument that is a QFC (such support "*QFC Credit Support*" and each such QFC a "*Supported QFC*"), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the "*U.S. Special Resolution Regimes*") in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Finance Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):

In the event a Covered Entity that is party to a Supported QFC (each, a "*Covered Party*") becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the

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event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Finance Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Finance Documents were governed by the laws of the United States or a state of the United States.

<u>Section 11.25&nbsp;&nbsp;&nbsp;&nbsp;Data Protection; Information Exchange</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)In compliance with the provisions of the General Data Protection Regulation (EU) 2016/679 of the European Parliament and of the European Council and the Spanish Organic Law on the Protection of Personal Data and the guarantee of digital rights, Banco Santander, S.A. ("*Banco Santander*") hereby informs each other party hereto that, such party's personal data included in this Agreement will be processed by Banco Santander for the purpose of managing the contractual relationship, and of maintaining any relationship, with such party. This processing is necessary and based on Banco Santander's legitimate interest and on compliance with legal obligations. Such personal data will not be disclosed to third parties unless there is a legal obligation to do so and will be kept for as long as the contractual relationship remains in effect and thereafter until any liabilities arising therefrom have expired. The parties may contact the Data Protection Officer of Banco Santander at [\*\*\*] and exercise their rights of access, rectification, erasure, blocking, data portability and restriction of processing (or any other recognized by law) by email to [\*\*\*]. The parties hereto may also submit any claims or requests relating to the protection of personal data to the Spanish Data Protection Agency at www.aepd.es.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Obligors hereby acknowledge the disclosure to other Santander Bank group companies of the information provided in the context of the due diligence process or "Know Your Customer," process, along with any relevant transactions-related information, that allows such companies to comply with (i) such group's Financial Crime Compliance internal policies, (ii) such group's legal obligations relating to the anti-money laundering and counter terrorism financing regulations and (iii) such group's regulatory reporting to the supervisory authorities. In this regard, the Obligors hereby guarantee that the data subjects of the personal data that may be included in the referred information have been duly informed of, and when required by applicable data protection regulation, have expressly consented to, the disclosure of their personal data to that effect.

<u>Section 11.26 Amendment to</u> <u>Initial</u> <u>Commitment Letter</u>. Pursuant to this Section 11.26, the parties hereto acknowledge and agree<u>as of the Initial Closing Date acknowledged and agreed on the Initial Closing Date</u>: (a) that the commitment of First-Citizens Bank & Trust Company under the <u>Initial</u> Commitment Letter is bein<u>g</u><u>was</u> assumed by ING Capital LLC and Banco Santander, S.A., New York Branch equally among such two banks (as reflected on <u>Schedule I</u> (*Lenders; Commitments*) hereto); (b) First-Citizens Bank & Trust Company will be<u>was</u> relieved from its rights and obligations under the <u>Initial</u> Commitment Letter (as separately acknowledged by First-Citizens Bank & Trust Company); (c) the Borrower, the Guarantors and each Lender party hereto <u>as of the Initial Closing Date</u>, constituting all Banks (as defined in the <u>Initial</u> Commitment Letter) <u>as of the Initial Closing Date</u> (other than First-Citizens Bank & Trust Company) hereby: (i) acknowledge<u>acknowledged</u> and consent<u>consented</u> to the foregoing clauses

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(a) and (b); (ii) notwithstanding the provisions of Section 3 of the <u>Initial</u> Commitment Letter, that- the first $75,000,000 of the "Coordinated Reduction Process" (as defined in the <u>Initial</u> Commitment Letter) will be<u>was</u> allocated to ING Capital LLC and Banco Santander, S.A., New York Branch equally among such two banks (and thereafter, <u>was and</u> shall be allocated as specified in the <u>Initial</u> Commitment Letter); and (iii) Section 14 of the <u>Initial</u> Commitment Letter (*No Front Running*) shall<u>did</u> not apply to the foregoing clause (c)(ii).

<u>Section 11.27 Amendment. Except as expressly set forth herein, it is the intention of each of the parties hereto that:</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u><u>this Agreement shall not constitute a novation of the obligations and liabilities of the parties under the Original Credit Facility Agreement or the other Original Finance Documents as in effect prior to the Upsize Closing Date and all such obligations and liabilities are in all respects continued and remain outstanding as of the Upsize Closing Date (including, without limitation, all Liens and security interests in the Collateral created under the Security Documents) as provided in this Agreement;</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u><u>this Agreement constitutes an amendment of the Original Credit Facility Agreement made under and in accordance with the terms of Section 11.01 of the Original Credit Facility Agreement and, in connection therewith, the amendments set forth herein shall be binding upon all of the parties to the Original Credit Facility Agreement with the written consent of the Credit Facility Agent immediately prior to giving effect to this Agreement on the Upsize Closing Date;</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c)</u><u>from and after the Upsize Closing Date, all references to the "Credit Facility Agreement" contained in the Finance Documents (including all exhibits, schedules, annexes and other attachments attached hereto) shall be deemed to refer to this Agreement and all references to any section (or subsection) of the "Credit Facility Agreement" in any other Finance Document shall be amended to become, mutatis mutandis, references to the corresponding provisions of this Agreement; and</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d)</u><u>all Loan Obligations (as modified by this Agreement on the Upsize Closing Date) continue to be valid, enforceable and in full force and effect and not be impaired, in any respect, by the effectiveness of this Agreement.</u>

**[***Remainder of page intentionally blank*. *Next page is signature page.* **]**

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective officers as of the day and year first above written.

VENTURE GLOBAL CP2 LNG, LLC,

as Borrower

By:<u>&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name:

Title

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VENTURE GLOBAL CP EXPRESS, LLC, as a Guarantor

By:<u>&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name:

Title

CP2 PROCUREMENT, LLC,

as a Guarantor

By:<u>&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name:

Title

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Solely for purposes of Section 3.06 of the Credit Facility Agreement:

SUMITOMO MITSUI BANKING CORPORATION,

as Collateral Agent

By:<u>&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name:

Title

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MUFG BANK, LTD., as Credit Facility Agent

By:<u>&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name:

Title

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[•],

as Term Lender

By:<u>&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name:

Title

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[•],

as Working Capital Lender

By:<u>&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name:

Title

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[•],

as Issuing Bank

By:<u>&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name:

Title

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**EXHIBIT A TO**

**CREDIT FACILITY AGREEMENT**

**Definitions**

"*Advance*" means, as context requires, a Term Loan Advance, a Working Capital Advance, or both.

"*Advance Date*" means, with respect to each Advance, the date on which funds are disbursed by the Lenders (or the Credit Facility Agent on their behalf) to the Borrower.

"*Affected Financial Institution*" means (a) any EEA Financial Institution or (b) any UK Financial Institution.

"*Affiliated Lender*" means Sponsor or any of its Affiliates.

"*Ajfiliated Lender Cap*" has the meaning specified in <u>Section 11.04(k)</u> (*Assignments*).

"*Ajfiliated Lender Claim*" has the meaning specified in <u>Section 11.04(1)</u> (*Assignments*).

<u>"</u>*<u>Aggregate Commitments</u>* <u>" means, as context requires, the Aggregate Tranche 1 Term Loan Commitments, the Aggregate Tranche 2 Term Loan Commitments, the Aggregate Tranche 1 Working Capital Commitments, or the Aggregate Tranche 2 Working Capital Commitments, or each or any combination thereof.</u>

<u>"</u>*<u>Aggregate Term Loan Commitments</u>*<u>" means, as context requires, the Aggregate Tranche 1 Term Loan Commitments, or the Aggregate Tranche 2 Term Loan Commitments, or both.</u>

"*Aggregate <u>Tranche 1</u> Commitments*" means, as context requires, the sum—ef the<u>Aggregate Tranche 1</u> Term Loan Commitments, or the sum of the<u>Aggregate Tranche 1</u> Working Capital Commitments<u>, or both</u>.

"*Aggregate <u>Tranche 1</u> Term Loan Commitments*" means the sum of the <u>Tranche 1</u> Term Loan Commitments.

"*<u>Aggregate Tranche 1 Working Capital Commitments</u>*<u>" means the sum of the Tranche 1 Working Capital Commitments.</u>

"*<u>Aggregate Tranche 2 Commitments</u>*<u>" means, as context requires, the Aggregate Tranche 2 Term Loan Commitments, or the Aggregate Tranche 2 Working Capital Commitments, or both.</u>

<u>"</u>*<u>Aggregate Tranche 2 Term Loan Commitments</u>*<u>" means the sum of the Tranche 2 Term Loan Commitments.</u>

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*"Aggregate <u>Tranche 2</u> Working Capital Commitments*" means the sum of the <u>Tranche 2</u> Working Capital Commitments.

<u>"</u>*<u>Aggregate Working Capital Commitments</u>*<u>" means, as context requires, the Aggregate Tranche 1 Working Capital Commitments, or the Aggregate Tranche 2 Working Capital Commitments, or both.</u>

"*Agreement*" has the meaning provided in the preamble.

<u>"</u>*<u>Amendment No. 1</u>* <u>" has the meaning provided in the preamble.</u>

"*Amortization Schedule*" means the amortization schedule set forth in <u>Sch</u><u>e</u><u>dul</u><u>e</u> <u>III</u> (<u>as context requires, the Tranche 1</u> Amortization Schedule) <u>or the Tranche 2 Amortization Schedule, or both</u>.

"*Applicable Margin*" means for each type of Loan (and, in respect of SOFR Loans, with the applicable Interest Period) identified below during each applicable period set forth in the table shown below, the applicable *per annum* percentage under the relevant column heading below:

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| | | | |
|:---|:---|:---|:---|
| *Arrangers ""* means each of | **Applicable Period** " | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Base Rate Loans** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**SOFR Loans** |
| *Arrangers ""* means each of | From the <u>Initial</u> Closing Date until the third (3rd) anniversary of the <u>Initial</u> Closing Date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.25% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25% |
| Initial Coordinating Lead Arrangers, the <u>Tranche 1</u> | From the third (3rd) anniversary of the <u>Initial</u> Closing Date until the fifth (5th) anniversary of the <u>Initial</u> Closing Date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.50% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50% |
| Initial Coordinating Lead Arrangers, the <u>Tranche 1</u> | From the fifth (5th) anniversary of the <u>Initial</u> Closing Date until the Final Maturity Date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.75% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.75% |
|  | From the fifth (5th) anniversary of the <u>Initial</u> Closing Date until the Final Maturity Date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.75% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.75% |
| Coordinating<br>Lead Arrangers, the <u>Tranche 2 Coordinating Lead Arrangers, the Tranche 2 Joint Lead Arrangers, the Tranche 1</u> Senior Managing Agents, the <u>Tranche 2 Senior Managing Agents, the Tranche 1 Initial</u> Closing Date Participants, the <u>Tranche 1</u> Syndication Agents and the<u>, the Tranche 2 Syndication Agents, the Tranche 1 Documentation Banks, and the Tranche 2</u> Documentation Banks, and each an "*Arranger*". | Coordinating<br>Lead Arrangers, the <u>Tranche 2 Coordinating Lead Arrangers, the Tranche 2 Joint Lead Arrangers, the Tranche 1</u> Senior Managing Agents, the <u>Tranche 2 Senior Managing Agents, the Tranche 1 Initial</u> Closing Date Participants, the <u>Tranche 1</u> Syndication Agents and the<u>, the Tranche 2 Syndication Agents, the Tranche 1 Documentation Banks, and the Tranche 2</u> Documentation Banks, and each an "*Arranger*". | Coordinating<br>Lead Arrangers, the <u>Tranche 2 Coordinating Lead Arrangers, the Tranche 2 Joint Lead Arrangers, the Tranche 1</u> Senior Managing Agents, the <u>Tranche 2 Senior Managing Agents, the Tranche 1 Initial</u> Closing Date Participants, the <u>Tranche 1</u> Syndication Agents and the<u>, the Tranche 2 Syndication Agents, the Tranche 1 Documentation Banks, and the Tranche 2</u> Documentation Banks, and each an "*Arranger*". | Coordinating<br>Lead Arrangers, the <u>Tranche 2 Coordinating Lead Arrangers, the Tranche 2 Joint Lead Arrangers, the Tranche 1</u> Senior Managing Agents, the <u>Tranche 2 Senior Managing Agents, the Tranche 1 Initial</u> Closing Date Participants, the <u>Tranche 1</u> Syndication Agents and the<u>, the Tranche 2 Syndication Agents, the Tranche 1 Documentation Banks, and the Tranche 2</u> Documentation Banks, and each an "*Arranger*". |

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"*Availability Period"* means, as context requires, the <u>Tranche 1</u> Term Loan Availability Period-or-the<u>, the Tranche 2 Term Loan Availability Period, the Tranche 1 Working Capital Loan Availability Period, or the Tranche 2</u> Working Capital Loan Availability Period.

"*Available Tenor*" means, as of any date of determination and with respect to the then-current Benchmark, as applicable, (a) if such Benchmark is a term rate, any tenor for such Benchmark (or component thereof) that is or may be used for determining the length of an

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interest period pursuant to this Agreement or (b) otherwise, any payment period for interest calculated with reference to such Benchmark (or component thereof) that is or may be used for determining any frequency of making payments of interest calculated with reference to such

Benchmark pursuant to this Agreement, in each case, as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of "Interest Period" pursuant to <u>Section 5.07(d)</u> (*Replacement Benchmark Setting - Unavailability of Tenor of Benchmark*).

"*Bail-In Action*" means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution.

"*Bail-In Legislation*" means, (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).

"*Bankruptcy Proceeding*" has the meaning set forth in <u>Section 11.04(l)</u> (*Assignments*).

"*Base Rate*" means, for any day, a fluctuating rate per annum equal to the highest of (a) the Federal Funds Effective Rate plus 0.50%, (b) the prime rate published in The Wall Street Journal for such day; *provided* that, if The Wall Street Journal ceases to publish for any reason such rate of interest, "Base Rate" shall mean the prime lending rate as set forth on the Bloomberg page PRIMBB Index (or successor page) for such day (or such other service as determined by the Credit Facility Agent from time to time for purposes of providing quotations of prime lending interest rates) and (c) Term SOFR for an interest period of one month plus 1.00%; *provided* that, for purposes of this Agreement, if the Base Rate for any interest period is less than zero percent (0%), it shall be deemed zero percent (0%) for such interest period.

"*Base Rate Loan*" means any Loan bearing interest at a rate determined by reference to the Base Rate and the provisions of <u>Article II</u> (*Commitments and Advance*) and <u>Article IV</u> (*Repayments, Prepayments, Interest and Fees*).

"*Base Rate Term SOFR Determination Day*" has the meaning provided in the definition of "Term SOFR."

"*Benchmark*" means, initially, the Term SOFR Reference Rate; *provided* that, if a Benchmark Transition Event has occurred with respect to the Term SOFR Reference Rate or the then-current Benchmark, then "*Benchmark*" means the applicable Benchmark Replacement to

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the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to <u>Section 5.07(a)</u> (*Replacement Benchmark Setting - Benchmark Replacement*).

"*Benchmark Replacement*" means, with respect to any Benchmark Transition Event, the sum of: (a) the alternate benchmark rate that has been selected by the Credit Facility Agent and the Borrower giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental

Body or (ii) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement to the then-current Benchmark for US Dollar-denominated syndicated credit facilities at such time and (b) the related Benchmark Replacement Adjustment; *provided* that, if such Benchmark Replacement as so determined would be less than the Floor, such Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other applicable Finance Documents.

"*Benchmark Replacement Adjustment*" means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Credit Facility Agent and the Borrower giving due consideration to (a) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (b) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for US Dollar-denominated syndicated credit facilities at such time.

"*Benchmark Replacement Date*" means the earliest to occur of the following events with respect to the then-current Benchmark:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)in the case of clause (a) or (b) of the definition of "Benchmark Transition Event," the later of (i) the date of the public statement or publication of information referenced therein and (ii) the date on which the administrator of such Benchmark (or the published component used in the calculation thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such component thereof); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)in the case of clause (c) of the definition of "Benchmark Transition Event," the first date on which such Benchmark (or the published component used in the calculation thereof) has been determined and announced by or on behalf of the administrator of such Benchmark (or such component thereof) or the regulatory supervisor for the administrator of such Benchmark (or such component thereof) to be non-representative or non-compliant with or non-aligned with the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks; provided that such non-representativeness, non-compliance or non-alignment will be determined by reference to the most recent statement or publication referenced in such clause

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(c) and even if any Available Tenor of such Benchmark (or such component thereof) continues to be provided on such date.

For the avoidance of doubt, the "Benchmark Replacement Date" will be deemed to have occurred in the case of clause (a) or (b) with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published component used in the calculation thereof).

"*Benchmark Transition Event*" means the occurrence of one or more of the following events with respect to the then-current Benchmark:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)a public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof), permanently or indefinitely; *provided* that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)a public statement or publication of information by the regulatory supervisor for

the administrator of such Benchmark (or the published component used in the calculation thereof), the Federal Reserve Board, the Federal Reserve Bank of New York, an insolvency official with jurisdiction over the administrator for such Benchmark (or such component), a resolution authority with jurisdiction over the administrator for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component), which states that the administrator of such Benchmark (or such component) has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely; *provided* that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)a public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component used in the calculation thereof) or the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are not, or as of a specified future date, will not be, representative or in compliance with or aligned with the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks.

For the avoidance of doubt, a "Benchmark Transition Event" will be deemed to have occurred with respect to any Benchmark if a public statement or publication of information set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the calculation thereof)

"*Benchmark Transition Start Date*" means, in the case of a Benchmark Transition Event, the earlier of (a) the applicable Benchmark Replacement Date and (b) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the

&nbsp;&nbsp;&nbsp;&nbsp;

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90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication).

"*Benchmark Unavailability Period*" means, the period (if any) (a) beginning at the time that a Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Finance Document in accordance with <u>Section 5.07</u> (*Replacement Benchmark Setting*) and (b) ending at the time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Finance Document in accordance with <u>Section 5.07</u> (*Replacement Benchmark Setting*).

"*Benefit Plan*" means any of (a) any "employee benefit plan" (as defined in ERISA) that is subject to Title I of ERISA, (b) a "plan" as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such "employee benefit plan" or "plan".

"*BHC Act Affiliate*" of a party means an "affiliate" (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party.

"*Closing Date Participant*" means each of Flagstar Bank, N.A. and FirstBank Puerto Rico d/b/a FirstBank Florida, in each case, not in its individual capacity but as participant hereunder.

"*Commitment*" means, as context requires, a <u>Tranche 1</u> Term Loan Commitment, a <u>Tranche 2 Term Loan Commitment, a Tranche 1 Working Capital Commitment, a Tranche 2</u> Working Capital Commitment or both<u>any combination of the foregoing</u>.

"*Commitment Fee Rate*" means, during each applicable period set forth in the table shown below, the applicable *per annum* percentage below:

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| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Applicable Period** " | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Commitment Fee Rate** |
| *Commitment*<br>*Fees*" has the | From the <u>Initial</u> Closing Date until the third (3rd) anniversary of the <u>Initial</u> Closing Date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.7875% |
| meaning provided in | From the third (3rd) anniversary of the <u>Initial</u> Closing Date until the fifth (5th) S anniversary of the <u>Initial</u> Closing Date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.8750% |
| <u>ection 4.15(b)</u> (*Fees*). | From the fifth (5th) anniversary of the <u>Initial</u> Closing Date until the Final Maturity Date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.9625% |

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"*Commitment Percentage*" means (a) as to any <u>Tranche 1</u> Working Capital Lender at any time, the percentage that such <u>Tranche 1</u> Working Capital Lender's <u>Tranche 1</u> Working Capital

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Commitment *less* its <u>Tranche 1</u> Working Capital Commitment Exposure then constitutes of the Aggregate <u>Tranche 1</u> Working Capital Commitment *less* the total <u>Tranche 1</u> Working Capital Commitment Exposure of all <u>Tranche 1</u> Working Capital Lenders, (b) as to any <u>Tranche 2 Working Capital Lender at any time, the percentage that such Tranche 2 Working Capital Lender's Tranche 2 Working Capital Commitment</u> *<u>less</u>* <u>its Tranche 2 Working Capital Commitment Exposure then constitutes of the Aggregate Tranche 2 Working Capital Commitment</u> *<u>less</u>* <u>the total Tranche 2 Working Capital Commitment Exposure of all Tranche 2 Working Capital Lenders, (c) as to any Tranche 1</u> Term Lender at any time, the percentage that such <u>Tranche 1</u> Term Lender's <u>Tranche 1</u> Term Loan Commitment constitutes of the Aggregate <u>Tranche 1</u> Term Loan Commitment, and (c<u>d</u>) as to any <u>Tranche 2 Term Lender at any time, the percentage that such Tranche 2 Term Lender's Tranche 2 Term Loan Commitment constitutes of the Aggregate Tranche 2 Term Loan Commitment, (e) as to any Tranche 1</u> Issuing Bank at any time, the percentage that such <u>Tranche 1</u> Issuing Bank's <u>Tranche 1</u> Issuing Bank Limit less the available balance of

Letters of Credit issued by such <u>Tranche 1</u> Issuing Bank then constitutes of the aggregate <u>Tranche 1</u> Issuing Bank Limits for all <u>Tranche 1</u> Issuing Banks less the total available balance of Letters of Credit issued by all <u>Tranche 1 Issuing Banks, and (f) as to any Tranche 2 Issuing Bank at any time, the percentage that such Tranche 2 Issuing Bank's Tranche 2 Issuing Bank Limit less the available balance of Letters of Credit issued by such Tranche 2 Issuing Bank then constitutes of the aggregate Tranche 2 Issuing Bank Limits for all Tranche 2 Issuing Banks less the total available balance of Letters of Credit issued by all Tranche 2</u> Issuing Banks.

"*Communications*" has the meaning provided in <u>Section 11.10(d)</u> (*Notices and Other Communications*).

"*Conforming Changes*" means, with respect to either the use or administration of Term SOFR or the use, administration, adoption or implementation of any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of "Base Rate," the definition of "Business Day," the definition of "U.S. Government Securities Business Day," the definition of "Interest Period" or any similar or analogous definition (or the addition of a concept of "interest period"), timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, the applicability and length of lookback periods, the applicability of <u>Section 5.05</u> (*Funding Losses*) and other technical, administrative or operational matters) that the Credit Facility Agent decides may be appropriate to reflect the adoption and implementation of any such rate or to permit the use and administration thereof by the Credit Facility Agent in a manner substantially consistent with market practice (or, if the Credit Facility Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Credit Facility Agent determines that no market practice for the administration of any such rate exists, in such other manner of administration as the Credit Facility Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Finance Documents).

"*Coordinating Lead Arranger*" means each of Bank of America, N.A., Deutsche Bank AG, New York Branch, National Bank of Canada, The Bank of Nova Scotia, Houston Branch,

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Wells Fargo Securities, LLC, Bayerische Landesbank, New York Branch and Norddeutsche Landesbank Girozentrale, New York Branch, in each case, not in its individual capacity but as coordinating lead arranger hereunder.

"*Covered Entity*" means any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)a "covered entity" as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)a "covered bank" as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)a "covered FSI" as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

"*Covered Party*" has the meaning provided in <u>Section 11.24</u> (*Acknowledgment Regarding any Supported QFCs*).

"*Credit Facility Agent*" has the meaning provided in the preamble.

"*Credit Facility Secured Parties*" means the Lenders, the Issuing Banks, the Credit Facility Agent, the Collateral Agent and each of their respective successors and permitted assigns, in each case in connection with the Credit Facility Agreement.

"*Default Right*" has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

"*Defaulting Lender*" means a Lender which (a) has defaulted in its obligations to fund all or any portion of any Term Loan or otherwise failed to comply with its obligations under <u>Section 2.01</u> (*Term Loans*), <u>Section 2.03</u> (*Working Capital Loans*), <u>Section 2.06</u> (*Funding*) or <u>Section 3.02</u> (*Reimbursement to Issuing Banks*), unless (i) such default or failure is no longer continuing or has been cured within three (3) Business Days after such default or failure or (ii) such Lender notifies the Credit Facility Agent and the Borrower in writing that such failure is the result of such Lender's good faith determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, (b) has notified the Borrower and/or the Credit Facility Agent that it does not intend to comply with its obligations under <u>Section 2.01</u> (*Term Loans*), <u>Section 2.03</u> (*Working Capital Loans*), <u>Section 2.06</u> (*Funding*) or <u>Section 3.02</u> (*Reimbursement to Issuing Banks*) or has made a public statement to that effect, unless such Lender notifies the Credit Facility Agent and the Borrower in writing that such intention is the result of such Lender's good faith determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, (c) has failed, within three (3) Business Days, after written request by the Credit Facility Agent or the Borrower, to confirm in writing to the Credit Facility Agent and the Borrower that it will comply with its prospective funding obligations under <u>Section 2.03</u> (*Working Capital Loans*), <u>Section 2.06</u> (*Funding*) or <u>Section 3.02</u> (*Reimbursement to Issuing Banks*) *(provided* that such Lender shall cease to be a

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Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Credit Facility Agent and the Borrower), (d) has, or has a direct or indirect parent company that has, other than via Undisclosed Administration, (i) become the subject of a Bankruptcy Proceeding, or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity or (e) has become the subject of a Bail-In Action; *provided* that, for the avoidance of doubt, a Lender shall not be a Defaulting Lender solely by virtue of (i) the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority or (ii) in the case of a solvent Person, the precautionary appointment of an administrator, guardian, custodian or other similar official by a Governmental Authority under or based on the law of the country where such Person is subject to home jurisdiction supervision if Government Rule requires that such appointment not be publicly disclosed; in each case, where such action does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Credit Facility Agent that a Lender is a Defaulting Lender under any one or more of the clauses above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender upon delivery of written notice of such determination to the Borrower and each Lender.

"*Documentation Bank*" means ING Capital LLC and Banco Santander, S.A., New York Branch, in each case, not in its individual capacity, but as documentation bank.

"*EEA Financial Institution*" means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution de-scribed in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

"*EEA Member Country*" means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.

"*EEA Resolution Authority*" means any public administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

"*Eligible Assignee*" means (a) an existing Lender, (b) any Affiliate of a Lender, (c) any Approved Fund with respect to a Lender or (d) any commercial bank, insurance company, investment or mutual fund or other entity that is an "accredited investor" (as defined in Regulation D under the Securities Act) and which extends credit or buys loans (excluding in each such case any Disqualified Institution or any Lender that is a Defaulting Lender or an Affiliate or Subsidiary thereof); *provided* that, (i) none of the foregoing clauses (a) through (d) shall include

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a natural person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person) and (ii) for any assignment, novation or transfer during the <u>applicable</u> Term Loan Availability Period (or in the event of an assignment of a Working Capital Commitment, the <u>applicable</u> Working Capital Loan Availability Period) made in reliance on clause (b) or (c) above, such Lender or its rated Affiliate shall have agreed in writing with the Borrower to remain obligated to promptly fund any duly requested disbursement of the Commitment assigned, novated or transferred to such assignee or transferee (or any part thereof) should such assignee or transferee default in its obligation to fund any portion of the Commitment assigned or transferred to it.

"*Erroneous Payment*" has the meaning assigned to it in <u>Section 10.15(a)</u> (*Erroneous Payments*).

"*Erroneous Payment Deficiency Assignment*" has the meaning assigned to it in <u>Section 10.15(d)(i)</u> (*Erroneous Payments*).

"*Erroneous Payment Impacted Class*" has the meaning assigned to it in <u>Section 10.15(d)(i)</u> (*Erroneous Payments*).

"*Erroneous Payment Return Deficiency*" has the meaning assigned to it in <u>Section 10.15(d)(i)</u> (*Erroneous Payments*).

"*Erroneous Payment Subrogation Rights*" has the meaning assigned to it in <u>Section 10.15(e)</u> (*Erroneous Payments*).

"*EU Bail-In Legislation Schedule*" means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time.

"*Existing Letter of Credit*" means the letters of credit described in <u>Schedule V</u> (*Existing Letter of Credit*). Each Existing Letter of Credit shall be a Fronted Letter of Credit.

"*Federal Funds Effective Rate*" means, for any day, the rate calculated by the Federal Reserve Bank of New York based on such day's federal funds transactions by depositary institutions, as determined in such manner as shall be set forth on the Federal Reserve Bank of New York's Website from time to time, and published on the next succeeding Business Day by the Federal Reserve Bank of New York as the federal funds effective rate. If the Federal Funds Effective Rate as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement.

"*Federal Reserve Board*" means the Board of Governors of the Federal Reserve System of the United States.

"*Fees*" means, collectively, each of the fees payable by the Borrower for the account of any Lender, any Issuing Bank or the Credit Facility Agent pursuant to <u>Section 4.15</u> (*Fees*).

"*Final Maturity Date*" means July 28, 2032.

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"*First <u>Tranche 1</u> Repayment Date*" has the meaning provided in <u>Section 4.01(c)</u> (*Repayment of Term Loan Advances*).

<u>"</u>*<u>First Tranche 2 Repayment Date</u>*<u>" has the meaning provided in Section 4.01(d) (</u>*<u>Repayment of Term Loan Advances</u>*<u>).</u>

"*Floor*" means a rate of interest equal to 0.0%.

"*Fronted Letter of Credit*" means-a<u>, as context requires, a Tranche 1 Fronted</u> Letter of Credit other than a Non Fronted<u>, or a Tranche 2 Fronted</u> Letter of Credit<u>, or both as context requires</u>.

"*Fronting Exposure*" means, at any time there is a Defaulting Lender, with respect to any Issuing Bank, such Defaulting Lender's pro rata share of outstanding LC Exposure with respect to Letters of Credit issued by such Issuing Bank, other than LC Exposure as to which such

Defaulting Lender's participation obligation has been reallocated to other Working Capital Lenders or cash collateralized in accordance with the terms hereof.

"*Fronting Fee*" has the meaning provided in <u>Section 4.15(d)</u> (*Fees*).

"*Fronting Limit*" means, at any time, with respect to any Issuing Bank, <u>either</u> the amount set forth opposite the name of such Issuing Bank in the column entitled "Fronting Limit" on <u>Sch</u><u>e</u><u>dul</u><u>e</u> <u>II</u> (*Issuing Bank Limits*), or, in the case of any Working Capital Lender that becomes an Issuing Bank hereunder pursuant to <u>Section 3.05</u> (*Resignation as an Issuing Bank*) or otherwise, such amount as set forth in the agreement evidencing the appointment of such Working Capital Lender as an Issuing Bank.<u>of its Tranche 1 Fronting Limit, or its Tranche 2 Fronting Limit, or both, as the context requires.</u>

"*Guarantee*" means the guarantee issued pursuant to the Common Security and Account Agreement by the Guarantors. The terms "Guarantee" and "Guaranteed" used as verbs shall have correlative meanings.

"*Illegality Notice*" has the meaning provided in <u>Section 5.01</u> (*Illegality*).

"*Incremental Amendment*" has the meaning given in <u>Section 2.08(c)</u> (*Incremental Commitments*).

"*Incremental Commitment*" means, as context requires, an Incremental Term Loan Commitment, an Incremental Working Capital Commitment or both.

"*Incremental Lender/Issuing Bank*" has the meaning given in <u>Section 2.08(b)</u> (*Incremental Commitments*).

"*Initial Coordinating Lead Arranger*" means each of Banco Santander, S.A., New York Branch, ING Capital LLC, Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, Barclays

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Bank Plc, Canadian Imperial Bank of Commerce, New York Branch, Goldman Sachs Bank USA, Intesa Sanpaolo S.P.A, New York Branch, JPMorgan Chase Bank, N.A., Landesbank Baden Wurttemberg, New York Branch, Mizuho Bank, Ltd., MUFG Bank, Ltd., Royal Bank of Canada, Sumitomo Mitsui Banking Corporation, Standard Chartered Bank and Truist Securities Inc., in each case, not in its individual capacity but as initial coordinating lead arranger hereunder.

"*Intercompany Loan Agreement*" has the meaning provided in the recitals.

"*Interest Payment Date*" has the meaning provided in Section 4.04(a) (*Interest Payment Dates*).

"*Interest Period*" means in connection with a SOFR Loan, subject, in each case to the availability thereof, an interest period of one (1), three (3) or six (6) months (or, if available to all applicable Lenders, such other periods as may be agreed by the Credit Facility Agent (including with respect to the Applicable Margin agreed to by all the Lenders with respect to any such Interest Period)), as selected by the Borrower in the applicable Disbursement Request or Interest Period Notice, (a) initially, commencing on the<u>(i) for Tranche 1 Loans, the Initial</u> Closing Date and ending on September 30, 2025 <u>and (ii) for Tranche 2 Loans, the Upsize Closing Date and ending on March 31, 2026</u>; and (b) thereafter, commencing on the day on which the immediately preceding Interest Period expires; *provided* that, (i) if an Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall expire on the next succeeding Business Day unless no further Business Day occurs in such month, in which case such Interest Period shall expire on the immediately preceding Business Day; (ii) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall, subject to clause (iii) of this definition, end on the last Business Day of a calendar month; (iii) no Interest Period shall extend beyond the Final Maturity Date; and (iv) no tenor that has been removed from this definition pursuant to <u>Section 5.07(d)</u> (*Benchmark Replacement Setting*) shall be available for specification in such Disbursement Request or Interest Period Notice.

"*Interest Period Notice*" means a notice in substantially the form attached hereto as <u>Exhibit D</u> (*Form of Interest Period Notice*), executed by an Authorized Officer of the Borrower or, in the case of an Advance, a Disbursement Request.

"*ISP98*" has the meaning given in <u>Section 3.01(g)</u> (*Letters of Credit*).

"*Issuing Bank*" means (a) with respect to the Existing Letter of Credit, Bank of America, N.A., as applicable, in its capacity as the issuer thereof, as set forth on <u>Sch</u><u>e</u><u>dul</u><u>e</u> <u>V</u> (*Existing Letters of Credit*) and (b) with respect to any other Letter of Credit each Working Capital Lender identified as an "Issuing Bank" on <u>Sch</u><u>e</u><u>dul</u><u>e</u> <u>II</u> (*Issuing Bank Limits*), any other Working Capital Lender designated by the Borrower after the date hereof that has, or whose credit support provider has, a credit rating of A3 or higher by Moody's, A or higher by S&P or an equivalent rating by another nationally recognized credit rating agency, and that has agreed in writing in its sole discretion to accept such designation as an Issuing Bank and to be bound by all of the terms

&nbsp;&nbsp;&nbsp;&nbsp;

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contained in this Agreement and the other Finance Documents binding on an Issuing Bank in such capacity *(provided* that, a copy of such agreement has been delivered to the Credit Facility Agent), it being understood that such agreement may contain additional conditions to, or limitations on, such Issuing Bank's obligation to issue Letters of Credit hereunder (including limits on the aggregate available balance of Letters of Credit at any one time outstanding that may be issued by such Issuing Bank), and any such conditions or limitations are hereby incorporated by reference into this Agreement to the same extent and with the same force as if fully set forth herein<u>the Tranche 1 Issuing Banks and (b) the Tranche 2 Issuing Banks</u>. Each reference to an Issuing Bank contained in this Agreement and the other Finance Documents shall be deemed to refer to the applicable Working Capital Lender solely in its capacity as the issuer of Letters of Credit hereunder and not in its capacity as a Working Capital Lender, and each reference to a Working Capital Lender contained in this Agreement and the other Finance Documents shall be deemed to refer to such Working Capital Lender in its capacity as such and not in its capacity (if applicable) as an Issuing Bank.

"*Issuing Bank Limit*" means, at any time, with respect to any Issuing Bank, <u>the amount of</u> its <u>Tranche 1</u> Issuing Bank Limit identified opposite its name on <u>Sch</u><u>e</u><u>dul</u><u>e</u> <u>II</u> (*Issuing Bank Limits*), or, in the case of any Working Capital Lender that becomes an Issuing Bank hereunder pursuant to <u>S</u><u>e</u><u>ction 3.05</u> (*Resignation as an Issuing Bank*) or otherwise, in each case, after the Closing Date, such amount as set forth in the agreement evidencing the appointment of such Working Capital Lender as an Issuing Bank, as the same may be (a) reduced from time to time in accordance with <u>S</u><u>e</u><u>ction 2.07</u> (*Termination or Reduction of Commitments*), (b) increased from time to time in accordance with <u>Section 2.08</u> (*Incremental Commitments*), and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to <u>S</u><u>e</u><u>ction 11.04</u> (*Assignments*).<u>, or its Tranche 2 Issuing Bank Limit, or both, as context requires.</u>

"*LC Available Amount*" means, for any Letter of Credit on any date of determination, the maximum amount available to be drawn under such Letter of Credit at any time on or after such date (assuming the satisfaction of all conditions for drawing enumerated therein).

"*LC Cash Collateral Account*" means, an interest-bearing cash collateral account established upon the occurrence of a Loan Facility Event of Default by the Credit Facility Agent in its name for the benefit of the Working Capital Lenders and Issuing Banks, subject to the terms of this Agreement and the Common Security and Account Agreement.

"*LC Exposure*" means, as of any time of determination and with respect to any Issuing Bank, the sum of (a) the aggregate undrawn amount of the outstanding Letters of Credit issued by such Issuing Bank at such time plus (b) the aggregate amount of all LC Loans made by such Issuing Bank and in which no other Working Capital Lender is required to participate that have not yet been repaid at such time plus (c) the aggregate amount of LC Reimbursement Payments that the Borrower has not yet repaid and have not yet been converted to LC Loans as of such timer<u>context requires, Tranche 1 LC Exposure, or Tranche 2 LC Exposure, or both</u>.

"*LC Fee*" has the meaning provided in <u>Section 4.15(c)</u> (*Fees*).

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"*LC Fee Rate*" means, during each applicable period set forth in the table shown below, the applicable *per annum* percentage below:

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"*LC*<br>*Loan*" means- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Applicable Period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LC Fee Rate** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"*LC*<br>*Loan*" means- | From the <u>Initial</u> Closing Date until the third (3rd) anniversary of the <u>Initial</u> Closing Date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a loan by a Working Capital | From the third (3rd) anniversary of the <u>Initial</u> Closing Date until the fifth (5th) anniversary of the <u>Initial</u> Closing Date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a loan by a Working Capital | From the fifth (5th) anniversary of the <u>Initial</u> Closing Date until the Final Maturity Date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.75% |
| Lender to me<br>Borrower deemed made | From the fifth (5th) anniversary of the <u>Initial</u> Closing Date until the Final Maturity Date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.75% |

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pursuant to <u>S</u><u>e</u><u>ction 3.02(c)</u> and <u>S</u><u>e</u><u>ction 3.02(f)</u> (*Reimbursement to Issuing Banks*)<u>, as context requires, a Tranche 1 LC Loan, a Tranche 2 LC Loan, or both</u>.

"*LC Payment Notice*" has the meaning provided in <u>Section 3.02(a)</u> (*Reimbursement to Issuing Banks*).

"*LC Reimbursement Payment*" has the meaning provided in <u>Section 3.02(b)</u> (*Reimbursement to Issuing Banks*).

"*Lender*" means, as context requires, a Term Lender, a Working Capital Lender, or both.

"*Lender Assignment Agreement*" means a Lender Assignment Agreement, substantially in the form of <u>Exhibit E</u> (*Form of Lender Assignment Agreement*).

"*Letter of Credit*" means (a) the <u>Tranche 1</u> Existing Letter of Credit-and<u>, the</u> (b<u>) the Tranche 2 Existing Letter of Credit, and (c</u><u>)</u> each other standby letter of credit substantially in a form as is otherwise reasonably acceptable to the Issuing Bank issuing such letter of credit, in each case issued pursuant to <u>Section 3.01</u> (*Letters of Credit*) and in accordance with the policies and procedures of such Issuing Bank.

"*Loan*" means, as context requires, a Term Loan, a Working Capital Loan, an LC Loan or each of the foregoing.

"*Loan Obligations*" means, collectively, all Senior Debt Obligations arising under this Agreement, including the Obligors' obligations to pay, discharge and satisfy the Erroneous Payment Subrogation Rights.

"*Maximum Rate*" has the meaning provided in <u>Section 11.08</u> (*Interest Rate Limitation*).

"*Non-Consenting Lender*" means, in respect of a Lender, if such Lender has failed to consent to a proposed amendment, waiver, consent or termination which pursuant to the terms of <u>Section 11.01</u> (*Decisions, Amendments, Etc.*) requires the consent of all of the Lenders or all

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affected Lenders and with respect to which Lenders representing at least 50% of the sum of (i) the aggregate undisbursed Commitments plus (ii) the then aggregate outstanding principal amount of the Loans (excluding in each such case any Lender that is a Defaulting Lender or, except as otherwise provided in Section 7.4 (*Sponsor Voting*) of the Common Security and Account Agreement, a Collateral Party, the Sponsor or any of Sponsor's Affiliates, and each Commitment and any outstanding principal amount of any Loan of any such Term Lender) or Lenders affected by such proposed amendment, waiver, consent or termination, as the case may be, shall have granted their consent.

"*Non-Defaulting Lender*" means, at any time, a Lender that is not a Defaulting Lender.

"*Non-Fronted LC Amount*" has the meaning provided in <u>Section 3.01(f)</u> (*Letters of Credit*).

"*Non-Fronted Letter of Credit*" means-a<u>, as context requires, a Tranche 1 Non-Fronted</u> Letter of Credit identified by the Borrower as such in the Request for Issuance<u>, a Tranche 2 Non-Fronted Letter of Credit, or both</u>.

"*Non-Fronting Limit*" means, at any time, with respect to any Issuing Bank, its <u>Tranche 1</u> Non-Fronting Limit identified opposite its name on <u>Schedule II</u> (*Issuing Bank Limits*), or, in the case of any Working Capital Lender that becomes an Issuing Bank hereunder pursuant to <u>S</u><u>e</u><u>ction 3.05</u> (*Resignation as an Issuing Bank*) or otherwise, such amount as set forth in the agreement evidencing the appointment of such Working Capital Lender as an Issuing Bank, as the same may be (a) reduced from time to time in accordance with <u>Section 2.07</u> (*Termination or Reduction of Commitments*), (b) increased from time to time in accordance with <u>Section 2.08</u> (*Incremental Commitments*), and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to <u>S</u><u>e</u><u>ction 11.0</u><u>4</u> (*Assignments*).<u>, or its Tranche 2 Non-Fronting Limit, or, both, as context requires.</u>

"*Note*" means, as context requires, a <u>Tranche 1</u> Term Loan Note-or, a <u>Tranche 2 Term Loan Note, a Tranche 1</u> Working Capital Loan Note<u>, or a Tranche 2 Working Capital Loan Note, or any combination of the forgoing</u>.

"*Payment Recipient*" has the meaning assigned to it in <u>Section 10.15(a)</u> (*Erroneous Payments*).

"*Periodic Term SOFR Determination Day*" has the meaning provided in the definition of "Term SOFR."

<u>"</u>*<u>Permitted Debt Funded Project Facilities</u>*<u>" means (i) the Phase 1 Project Facilities, (ii) the Phase 2 LNG Facility, and (iii) subject to the Phase 3 Loan Proceeds Sublimit, the Phase 3A LNG Facility.</u>

"*QFC*" has the meaning assigned to the term "qualified financial contract" in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).

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"*QFC Credit Support*" has the meaning provided in <u>Section 11.24</u> (*Acknowledgment Regarding any Supported QFCs*).

"*Register*" has the meaning provided in <u>Section 2.06(e)</u> (*Funding*).

"*Related Parties*" means, with respect to any specified Person, such Person's Affiliates and the respective shareholders, members, partners, directors, officers, employees, agents, trustees, advisors and representatives of such Person and such Person's Affiliates.

"*Relevant Governmental Body*" means the Federal Reserve Board or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal Reserve Board or the Federal Reserve Bank of New York, or any successor thereto.

"*Request for Issuance*" has the meaning provided in <u>Section 3.01(a)</u> (*Letters of Credit*).

"*Required Lenders*" means at any time, the Lenders holding in excess of 50.00% of the sum of (a) the aggregate undisbursed Commitments plus (b) the then aggregate outstanding principal amount of the Loans (excluding in each such case any Lender that is a Defaulting Lender or an Affiliate or Subsidiary thereof or, except as otherwise provided in Section 7.4 (*Sponsor Voting*) of the Common Security and Account Agreement, an Affiliated Lender, and each Commitment and any outstanding principal amount of any Loan of any such Lender). Such percentage shall be calculated by dividing the number of votes cast in favor of a Decision by the total number of votes cast with respect to such Decision.

"*Required Term Lenders*" means at any time, the Term Lenders holding in excess of 50.00% of the sum of (a) the aggregate undisbursed Term Loan Commitments plus (b) the then aggregate outstanding principal amount of the Term Loans (excluding in each such case any Term Lender that is a Defaulting Lender or an Affiliate or Subsidiary thereof or, except as otherwise provided in Section 7.4 (*Sponsor Voting*) of the Common Security and Account Agreement, a Collateral Party, the Sponsor or any of Sponsor's Affiliates, and each Term Loan Commitment and any outstanding principal amount of any Term Loan of any such Term Lender). Such percentage shall be calculated by dividing the number of votes cast in favor of a Decision by the total number of votes cast with respect to such Decision.

"*Required Working Capital Lenders*" means at any time, the Working Capital Lenders holding in excess of 50.00% of the sum of (a) the aggregate undisbursed Working Capital Commitments plus (b) the then-aggregate outstanding principal amount of the Working Capital Loans (excluding in each such case any Working Capital Lender that is a Defaulting Lender or an Affiliate or Subsidiary thereof or, except as otherwise provided in Section 7.4 (*Sponsor Voting*) of the Common Security and Account Agreement, a Collateral Party, the Sponsor or any of the Sponsor's Affiliates, and each Working Capital Commitment and any outstanding principal amount of any Working Capital Loan of any such Working Capital Lender). Such percentage shall be calculated by dividing the number of votes cast in favor of a Decision by the total number of votes cast with respect to such Decision.

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"*Resolution Authority*" means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

"*Senior Managing Agent*" means each of Industrial and Commercial Bank of China Limited, New York Branch, Landesbank Hessen Thuringen Girozentrale, New York Branch, Regions Bank and Raymond James Bank, in each case, not in its individual capacity but as senior managing agent hereunder.

"*SOFR*" means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.

"*SOFR Administrator*" means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).

"*SOFR Loan*" means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of "Base Rate."

"*Supported QFC"* has the meaning provided in <u>Section 11.24</u> (*Acknowledgment Regarding any Supported QFCs*).

<u>"</u>*<u>Term Lenders</u>*<u>" means, as context requires, a Tranche 1 Term Lender or a Tranche 2 Term Lender, or both.</u>

"*Syndication Agent*" means ING Capital LLC and Banco Santander, S.A., New York Branch, in each case, not in its individual capacity, but as syndication agent.

"*Term Lenders*" means those Term Lenders identified on <u>Schedule I</u> (*Lenders, Commitments*) and each other Person that acquires the rights and obligations of any such Term Lender in accordance with <u>Section 11.04</u> (*Assignments*) but excluding any Person that has assigned all of its rights and obligations under the Credit Facility Agreement in accordance with <u>Section 11.04</u> (*Assignments*) (other than in connection with the sale of participations) and Participants.

"*Term Loan*" means, with respect to each Term Lender, each advance to the Borrower of such Term Lender's pro rata share of the Term Loan Commitment as the Borrower may request under <u>Section 2.02</u> (*Term Loan Availability*) and the applicable Disbursement Request.<u>as context requires, a Tranche 1 Term Loan, a Tranche 2 Term Loan, or both.</u>

"*Term Loan Advance*" means each Advance of Term Loans by the Term Lenders (or the Credit Facility Agent on their behalf) on any single date to the Borrower in accordance with <u>Section 2.06</u> (*Funding*) and <u>Article VII</u> (*Conditions Precedent*).<u>, as context requires, a Tranche 1 Term Loan Advance, a Tranche 2 Term Loan Advance, or both.</u>

"*Term Loan Availability Period"* has the meaning provided in <u>Section 2.02</u> (<u>means, as context requires, the Tranche 1</u> Term Loan Availability) <u>Period, the Tranche 2 Term Loan Availability Period, or both</u>.

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*"Term Loan Commitment"* means the commitment of a Term Lender to make or otherwise fund a Term Loan pursuant to Section 2.01(a) (*Term Loans*), as set forth opposite the name of such Term Lender in the column entitled "<u>as context requires, a Tranche 1</u> Term Loan Commitment" in <u>Schedule I</u> (*Lenders, Commitments*) or if such Term Lender has entered into one or more Lender Assignment Agreements, set forth opposite the name of such Term Lender and any assignor Term Lender in the Register maintained by the Credit Facility Agent pursuant to Section 2.06(f) (*Funding*), as the same may be reduced in accordance with Section 2.07 (*Termination or Reduction of Commitments*)<u>, or a Tranche 2 Term Loan Commitment, or both</u>, and "*Term Loan Commitments*" means such commitments of all Term Lenders in the aggregate.

"*Term Loan Commitment Fee*" has the meaning provided in <u>Section 4.15(a)</u> (*Fees*).

<u>"</u>*<u>Term Loan Note</u>*<u>" means, as context requires, a Tranche 1 Term Loan Note, a Tranche 2 Term Loan, or both.</u>

"*Term Loan Facility*" has the meaning provided in the recitals.

"*Term Loan Notes*" means the promissory notes of the Borrower, substantially in the form of <u>Exhibit B 1</u> (*Form of Term Loan Note*) evidencing Term Loans, in each case duly executed and delivered by an Authorized Officer of the Borrower in favor of each Term Lender that requests a Term Loan Note, including any promissory notes issued by the Borrower in connection with assignments of any Term Loan of the Term Lenders.

"*Term SOFR*" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)for any calculation with respect to a SOFR Loan, the Term SOFR Reference Rate

for a tenor comparable to the applicable Interest Period on the day (such day, the "*Periodic Term SOFR Determination Day*") that is two (2) U.S. Government Securities Business Days prior to the first day of such Interest Period, as such rate is published by the Term SOFR Administrator; *provided* that, if as of 5:00 p.m. (New York City time) on any Periodic Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior to such Periodic Term SOFR Determination Day; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)for any calculation with respect to a Base Rate Loan on any day, the Term SOFR Reference Rate for a tenor of one month on the day (such day, the "*Base Rate Term SOFR Determination Day*") that is two (2) U.S. Government Securities Business Days prior to such day, as such rate is published by the Term SOFR Administrator; *provided* that, if as of 5:00 p.m. (New York City time) on any Base Rate Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator

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and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior to such Base Rate Term SOFR Determination Day;

*provided further* that, if Term SOFR determined as provided above (including pursuant to the proviso under clause (a) or clause (b) above) shall ever be less than the Floor, then Term SOFR shall be deemed to be the Floor.

"*Term SOFR Administrator*" means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Credit Facility Agent in its reasonable discretion).

"*Term SOFR Reference Rate*" means the forward-looking term rate based on SOFR.

"*Trade Date*" has the meaning provided in <u>Section 11.04(b)</u> (*Assignments*).

" *Type<u>Tranche</u>*" means, when used in reference to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)any Loan or Advance, or the Loans constituting such Advance, Term<u>Tranche 1</u> Loans and/or Working Capital<u>Tranche 2</u> Loans (or any Type<u>Tranche</u> thereof) as the context requires; and

(b)any Commitment, a Term Loan<u>Tranche 1</u> Commitment and/or a Working

Capital<u>Tranche 2</u> Commitment as the context requires.

<u>"</u>*<u>Tranche 1 Advance</u>* <u>" means, as context requires, a Tranche 1 Term Loan Advance, a Tranche 1 Working Capital Advance, or both.</u>

<u>"</u>*<u>Tranche 1 Amortization Schedule</u>*<u>" means the amortization schedule set forth in Schedule III (</u>*<u>Amortization Schedule</u>*<u>) calculated based on the Tranche 1 Term Loan Amount.</u>

<u>"</u>*<u>Tranche 1 Commitment</u>*<u>" means, as context requires, a Tranche 1 Term Loan Commitment, a Tranche 1 Working Capital Commitment or both.</u>

<u>"</u>*<u>Tranche 1 Coordinating Lead Arranger</u>*<u>" means each of Bank of America, N.A., Deutsche Bank AG, New York Branch, National Bank of Canada, The Bank of Nova Scotia, Houston Branch, Wells Fargo Securities, LLC, Bayerische Landesbank, New York Branch, Norddeutsche Landesbank Girozentrale, New York Branch and National Westminster Bank plc, in each case, not in its individual capacity but as coordinating lead arranger hereunder.</u>

<u>"</u>*<u>Tranche 1 Documentation Bank</u>*<u>" means ING Capital LLC and Banco Santander, S.A., New York Branch, in each case, not in its individual capacity, but as documentation bank.</u>

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<u>"</u> *<u>Tranche 1 Existing Letter of Credit</u>* <u>" means the letter of credit identified as a "Tranche 1 Existing Letter of Credit" in Schedule V (</u>*<u>Existing Letter of Credit</u>*<u>).</u>

<u>"</u>*<u>Tranche 1 Facilities"</u>* <u>has the meaning provided in the recitals.</u>

<u>"</u>*<u>Tranche 1 Fronted Letter of Credit</u>*<u>" means a Tranche 1 Letter of Credit other than a Tranche 1 Non-Fronted Letter of Credit.</u>

<u>"</u>*<u>Tranche 1 Fronting Limit</u>*<u>" means, at any time, with respect to any Tranche 1 Issuing Bank, the amount set forth opposite the name of such Tranche 1 Issuing Bank in the column entitled "Tranche 1 Fronting Limit" on Schedule II (</u>*<u>Issuing Bank Limits</u>*<u>), or, in the case of any Tranche 1 Working Capital Lender that becomes a Tranche 1 Issuing Bank hereunder pursuant to Section 3.05 (</u>*<u>Resignation as an Issuing Bank</u>*<u>) or otherwise after the Upsize Closing Date, such amount as set forth in the agreement evidencing the appointment of such Tranche 1 Working Capital Lender as a Tranche 1 Issuing Bank.</u>

<u>"</u>*<u>Tranche 1 Initial Closing Date Participant</u>*<u>" means each of Flagstar Bank, N.A. and FirstBank Puerto Rico d/b/a FirstBank Florida, in each case, not in its individual capacity but as participant hereunder.</u>

<u>"</u>*<u>Tranche 1 Initial Coordinating Lead Arranger</u>*<u>" means each of Banco Santander, S.A., New York Branch, ING Capital LLC, Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, Barclays Bank Plc, Canadian Imperial Bank of Commerce, New York Branch, Goldman Sachs Bank USA, Intesa Sanpaolo S.P.A, New York Branch, JPMorgan Chase Bank, N.A., Landesbank Baden-Wurttemberg, New York Branch, Mizuho Bank, Ltd., MUFG Bank, Ltd., Natixis, New York Branch, Royal Bank of Canada, Sumitomo Mitsui Banking Corporation, Standard Chartered Bank and Truist Securities Inc., in each case, not in its individual capacity but as initial coordinating lead arranger hereunder.</u>

<u>"</u>*<u>Tranche 1 Issuing Bank</u>*<u>" means (a) with respect to the Tranche 1 Existing Letter of Credit, Bank of America, N.A., as applicable, in its capacity as the issuer thereof, as set forth on Schedule V (</u>*<u>Existing Letters of Credit</u>*<u>) and (b) with respect to any other Tranche 1 Letter of Credit (i) each Tranche 1 Working Capital Lender identified as a "Tranche 1 Issuing Bank" on Schedule II (</u>*<u>Issuing Bank Limits</u>*<u>) with a Tranche 1 Fronting Limit or Tranche 1 Non-Fronting Limit and (ii) any other Tranche 1 Working Capital Lender designated by the Borrower after the Upsize Closing Date that has, or whose credit support provider has, a credit rating of A3 or higher by Moody's, A- or higher by S&P or an equivalent rating by another nationally-recognized credit rating agency, and that has agreed in writing in its sole discretion to accept such designation as a Tranche 1 Issuing Bank and to be bound by all of the terms contained in this Agreement and the other Finance Documents binding on an Issuing Bank in such capacity (</u>*<u>provided</u>* <u>that, a copy of such agreement has been delivered to the Credit Facility Agent), it being understood that such agreement may contain additional conditions to, or limitations on, such Issuing Bank's obligation to issue Tranche 1 Letters of Credit hereunder (including limits on the aggregate available balance of Tranche 1 Letters of Credit at any one time outstanding that may be issued by such Issuing Bank), and any such conditions or limitations are hereby</u> 

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<u>incorporated by reference into this Agreement to the same extent and with the same force as if fully set forth herein. Each reference to a Tranche 1 Issuing Bank contained in this Agreement and the other Finance Documents shall be deemed to refer to the applicable Tranche 1 Working Capital Lender solely in its capacity as the issuer of Tranche 1 Letters of Credit hereunder and not in its capacity as a Tranche 1 Working Capital Lender, and each reference to a Tranche 1 Working Capital Lender contained in this Agreement and the other Finance Documents shall be deemed to refer to such Tranche 1 Working Capital Lender in its capacity as such and not in its capacity (if applicable) as a Tranche 1 Issuing Bank.</u>

<u>"</u>*<u>Tranche 1 Issuing Bank Limit</u>*<u>" means the limitation on the obligation of each Tranche 1 Issuing Bank to issue Tranche 1 Letters of Credit as identified in the column "Tranche 1 Issuing Bank Limit" on Schedule II (</u>*<u>Issuing Bank Limits</u>*<u>) with respect to each Tranche 1 Issuing Bank or, in the case of any Tranche 1 Working Capital Lender that becomes a Tranche 1 Issuing Bank hereunder pursuant to Section 3.05 (</u>*<u>Resignation as an Issuing Bank</u>*<u>) or otherwise, in each case, after the Upsize Closing Date, such amount as set forth in the agreement evidencing the appointment of such Tranche 1 Working Capital Lender as a Tranche 1 Issuing Bank, as the same may be (a) reduced from time to time in accordance with Section 2.07 (</u>*<u>Termination or Reduction of Commitments</u>*<u>), (b) increased from time to time in accordance with Section 2.08 (</u>*<u>Incremental Commitments</u>*<u>), and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 11.04 (</u>*<u>Assignments</u>*<u>).</u>

<u>"</u>*<u>Tranche 1 LC Exposure</u>* <u>" means, as of any time of determination and with respect to any Tranche 1 Issuing Bank, the sum of (a) the aggregate undrawn amount of the outstanding Tranche 1 Letters of Credit issued by such Tranche 1 Issuing Bank at such time plus (b) the aggregate amount of all Tranche 1 LC Loans made by such Tranche 1 Issuing Bank and in which no other Tranche 1 Working Capital Lender is required to participate that have not yet been repaid at such time plus (c) the aggregate amount of Tranche 1 LC Reimbursement Payments that the Borrower has not yet repaid and have not yet been converted to Tranche 1 LC Loans as of such time.</u>

<u>"</u>*<u>Tranche 1 LC Loan</u>*<u>" means a loan by a Tranche 1 Working Capital Lender to the Borrower deemed made pursuant to Section 3.02(c) and Section 3.02(f) (</u>*<u>Reimbursement to Issuing Banks</u>*<u>).</u>

<u>"</u>*<u>Tranche 1 LC Reimbursement Payment</u>*<u>" means an LC Reimbursement Payment with respect to any Tranche 1 Letter of Credit.</u>

<u>"</u>*<u>Tranche 1 Lender</u>* <u>" means, as context requires, a Tranche 1 Term Lender or a Tranche 1 Working Capital Lender or both.</u>

<u>"</u>*<u>Tranche 1 Letter of Credit</u>*<u>" means, as context requires, a Tranche 1 Fronted Letter of Credit, a Tranche 1 Non-Fronted Letter of Credit, or both.</u>

<u>"</u>*<u>Tranche 1 Loan</u>* <u>" means, as context requires, a Tranche 1 Term Loan, a Tranche 1 Working Capital Loan, a Tranche 1 LC Loan or each of the foregoing.</u>

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<u>"</u>*<u>Tranche 1 Non-Fronted LC Amount</u>* <u>" means the Non-Fronted LC Amount for a Tranche 1 Non-Fronted Letter of Credit.</u>

<u>"</u>*<u>Tranche 1 Non-Fronted Letter of Credit</u>*<u>" means a Tranche 1 Letter of Credit identified by the Borrower as such in the Request for Issuance.</u>

<u>"</u>*<u>Tranche 1 Non-Fronting Limit</u>*<u>" means, at any time, with respect to any Tranche 1 Issuing Bank, the amount set forth opposite the name of such Tranche 1 Issuing Bank in the column entitled "Tranche 1 Non-Fronting Limit" on Schedule II (</u>*<u>Issuing Bank Limits</u>*<u>), or, in the case of any Tranche 1 Working Capital Lender that becomes a Tranche 1 Issuing Bank hereunder pursuant to Section 3.05 (</u>*<u>Resignation as an Issuing Bank</u>*<u>) or otherwise after the Upsize Closing Date, such amount as set forth in the agreement evidencing the appointment of such Tranche 1 Working Capital Lender as a Tranche 1 Issuing Bank, as the same may be (a) reduced from time to time in accordance with Section 2.07 (</u>*<u>Termination or Reduction of Commitments</u>*<u>), (b) increased from time to time in accordance with Section 2.08 (</u>*<u>Incremental Commitments</u>*<u>), and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 11.04 (</u>*<u>Assignments</u>*<u>).</u>

<u>"</u>*<u>Tranche 1 Senior Managing Agent</u>*<u>" means each of Industrial and Commercial Bank of China Limited, New York Branch, Landesbank Hessen-Thuringen Girozentrale, New York Branch, Regions Bank and Raymond James Bank, in each case, not in its individual capacity but as senior managing agent hereunder.</u>

<u>"</u>*<u>Tranche 1 Syndication Agent</u>*<u>" means ING Capital LLC and Banco Santander, S.A., New York Branch, in each case, not in its individual capacity, but as syndication agent.</u>

<u>"</u>*<u>Tranche 1 Term Lenders</u>*<u>" means those Term Lenders identified on Schedule I (</u>*<u>Lenders, Commitments</u>*<u>) as having Tranche 1 Term Loan Commitments and each other Person that acquires the rights and obligations of any such Tranche 1 Term Lender in accordance with Section 11.04 (</u>*<u>Assignments</u>*<u>) but excluding any Person that has assigned all of its rights and obligations under the Credit Facility Agreement in accordance with Section 11.04 (</u>*<u>Assignments</u>*<u>) (other than in connection with the sale of participations) and Participants.</u>

<u>"</u>*<u>Tranche 1 Term Loan</u>*<u>" has the meaning provided in Section 2.02 (</u>*<u>Term Loan Availability</u>*<u>). For the avoidance of doubt, all Term Loans extended prior to the Upsize Closing Date are Tranche 1 Term Loans.</u>

<u>"</u>*<u>Tranche 1 Term Loan Advance</u>*<u>" means each Advance of Tranche 1 Term Loans by the Tranche 1 Term Lenders (or the Credit Facility Agent on their behalf) on any single date to the Borrower in accordance with Section 2.06 (</u>*<u>Funding</u>*<u>) and Article VII (</u>*<u>Conditions Precedent</u>*<u>).</u>

<u>"</u>*<u>Tranche 1 Term Loan Amount</u>*<u>" means $11,250,000,000.00, as may be reduced in accordance with Section 4.01(b) (</u>*<u>Repayment of Term Loan Advances</u>*<u>).</u>

" *UCP 600<u>Tranche 1 Term Loan Availability Period</u>*" has the meaning provided in <u>Section</u> <u>3.01(g)(iii)</u> (*Letters of Credit*<u>2.02 (</u>*<u>Term Loan Availability</u>*<u>)</u>.

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<u>"</u>*<u>Tranche 1 Term Loan Commitment</u>*<u>" means the commitment of a Tranche 1 Term Lender to make or otherwise fund a Tranche 1 Term Loan pursuant to Section 2.01(a) (</u>*<u>Term Loans</u>*<u>), as set forth opposite the name of such Tranche 1 Term Lender in the column entitled "Tranche 1 Term Loan Commitment" in Schedule I (</u>*<u>Lenders, Commitments</u>*<u>), or if any such Tranche 1 Term Lender has entered into one or more Lender Assignment Agreements, such amount as set forth opposite the name of such Tranche 1 Term Lender and any assignor Tranche 1 Term Lender in the Register maintained by the Credit Facility Agent pursuant to Section 2.06(f) (</u>*<u>Funding</u>*<u>), as the same may be reduced in accordance with Section 2.07 (</u>*<u>Termination or Reduction of Commitments</u>*<u>), and "Tranche 1 Term Loan Commitments" means such</u> <u>commitments of all Tranche 1 Term Lenders in the aggregate. For the avoidance of doubt, all Term Loan Commitments in effect prior to the Upsize Closing Date are Tranche 1 Term Loan Commitments.</u>

<u>"</u>*<u>Tranche 1 Term Loan Notes</u>*<u>" means the promissory notes of the Borrower, substantially in the form of Exhibit B-1 (</u>*<u>Form of Term Loan Note</u>*<u>) evidencing Tranche 1 Term Loans, in each case duly executed and delivered by an Authorized Officer of the Borrower in favor of each Tranche 1 Term Lender that requests a Tranche 1 Term Loan Note, including any promissory notes issued by the Borrower in connection with assignments of any Tranche 1 Term Loan of the Tranche 1 Term Lenders.</u>

Article I"*UK Financial Institution*" means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

"*UK Resolution Authority*" means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.

"*Unadjusted Benchmark Replacement*" means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

"*Undisclosed Administration*" means, in relation to a Lender or its direct or indirect parent company, the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian, or other similar official by a supervisory authority or regulator under or based on the law in the country where such Lender or such parent company is subject to home jurisdiction supervision, if applicable law requires that such appointment not be publicly disclosed.

"*U.S. Government Securities Business Day*" means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.

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"*U.S.—Special Resolution Regimes*" has the meaning provided in <u>Section 11.24</u> (*Acknowledgment Regarding any Supported QFCs*).

"*<u>Tranche 1</u> Working Capital Advance*" means each Advance of <u>Tranche 1</u> Working Capital Loans by or on behalf of the <u>Tranche 1</u> Working Capital Lenders on any single date to the Borrower in accordance with <u>Section 2.06</u> (*Funding*) and <u>Article VII</u> (*Conditions Precedent*).

"*<u>Tranche 1</u> Working Capital Commitment*" means, with respect to each <u>Tranche 1</u> Working Capital Lender, the commitment of such <u>Tranche 1</u> Working Capital Lender to (i) make <u>Tranche 1</u> Working Capital Loans and (ii) make <u>Tranche 1</u> LC Loans in respect of <u>Tranche 1</u> Fronted Letters of Credit and <u>Tranche 1</u> Non-Fronted Letters of Credit (subject to such <u>Tranche 1</u> Working Capital Lender's <u>Tranche 1</u> Non-Fronting Limit as set forth opposite the name of such <u>Tranche 1</u> Working Capital Lender in the column entitled "<u>Tranche 1</u> Non-Fronting Limit" on Schedule II (*Issuing Bank Limits*)), in an aggregate amount not to exceed the amount set forth opposite the name of such <u>Tranche 1</u> Working Capital Lender in the column entitled "Total<u>Tranche 1</u> Working Capital Commitment" in Schedule I (*Lenders, Commitments*)— or if such<u>any Tranche 1</u> Working Capital Lender has entered into one or more Lender Assignment Agreements, such amount as set forth opposite the name of such <u>Tranche 1</u> Working Capital Lender in the Register maintained by the Credit Facility Agent as such <u>Tranche 1</u> Working Capital Lender's commitment, as the same may be (a) reduced from time to time in accordance with <u>Section 2.07</u> (*Termination or Reduction of Commitments*), (b) increased from time to time in accordance with <u>Section 2.08</u> (*Incremental Commitments*), (c) reduced or increased from time to time pursuant to assignments by or to such <u>Tranche 1</u> Working Capital Lender pursuant to <u>Section 11.04</u> (*Assignments*) and (d) utilized, as of the applicable date of determination, in the amount of such <u>Tranche 1</u> Working Capital Lender's <u>Tranche 1</u> Working Capital Commitment Exposure. <u>For the avoidance of doubt, all Working Capital Commitments in effect prior to the Upsize Closing Date are Tranche 1 Working Capital Commitments</u>.

"*<u>Tranche 1</u> Working Capital Commitment Exposure*" means as of any time of determination and with respect to each <u>Tranche 1</u> Working Capital Lender, the sum of (i) the principal amount of its <u>Tranche 1</u> Working Capital Loans outstanding, *plus* (ii) the principal amount of its <u>Tranche 1</u> LC Loans outstanding, *plus* (iii) in the case of each <u>Tranche 1</u> Working Capital Lender that is an<u>a Tranche 1</u> Issuing Bank, the aggregate undrawn amount of the outstanding <u>Tranche 1</u> Letters of Credit issued by it (excluding the aggregate amount thereof in respect of which other <u>Tranche 1</u> Working Capital Lenders are required to participate), *plus* (iv) aggregate <u>Tranche 1</u> LC Reimbursement Payments that have not yet converted to <u>Tranche 1</u> LC Loans under the outstanding <u>Tranche 1</u> Letters of Credit issued by it (excluding the aggregate amount thereof in respect of which other <u>Tranche 1</u> Working Capital Lenders are required to participate) *plus* (v) the aggregate amount of such <u>Tranche 1</u> Working Capital Lender's participations in <u>Tranche 1</u> Letters of Credit issued by other <u>Tranche 1</u> Issuing Banks.

"*<u>Tranche 1</u> Working Capital Commitment Fee<u>Facility</u>*" has the meaning provided in <u>Section 4.15(b)</u> (*Fees)*<u>the recitals</u>.

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<u>"</u>*<u>Tranche 1 Working Capital Lenders</u>*<u>" means those Working Capital Lenders identified on Schedule I (</u>*<u>Lenders, Commitments</u>*<u>) as having Tranche 1 Working Capital Commitments and each other Person that acquires the rights and obligations of any such Tranche 1 Working Capital Lender in accordance with Section 11.04 (</u>*<u>Assignments</u>*<u>) but excluding any Person that has assigned all of its rights and obligations under the Credit Facility Agreement in accordance with Section 11.04 (</u>*<u>Assignments</u>*<u>) (other than in connection with the sale of participations) and Participants.</u>

"*<u>Tranche 1</u> Working Capital Commitment Increase<u>Loan</u>*" has the meaning provided in <u>Section</u> <u>2.08</u><u>2.04</u><u>(a)</u> (*Incremental Commitments*). *<u>Working Capital Loan Availability</u>*<u>). For the avoidance of doubt, all Working Capital Loans extended prior to the Upsize Closing Date are Tranche 1 Working Capital Loans.</u>

"*<u>Tranche 1</u> Working Capital Commitment Increase Notice<u>Loan Availability Period</u>*" has the meaning provided in <u>Section</u> <u>2.08</u><u>2.04</u><u>(a)</u> (*Incremental Commitments<u>Working Capital Loan Availability</u>*).

<u>"</u>*<u>Tranche 1 Working Capital Loan Note</u>*<u>" means the promissory notes of the Borrower, substantially in the form of Exhibit B-2 (</u>*<u>Form of Working Capital Note</u>*<u>) evidencing Tranche 1 Working Capital Loans, in each case duly executed and delivered by an Authorized Officer of the Borrower in favor of each Tranche 1 Working Capital Lender that requests a Tranche 1 Working Capital Loan Note, including any promissory notes issued by the Borrower in connection with assignments of any Tranche 1 Working Capital Loan of the Tranche 1 Working Capital Lenders.</u>

<u>"</u>*<u>Tranche 1 Working Capital Loan Termination Date</u>*<u>" has the meaning provided in Section 2.04(a) (</u>*<u>Working Capital Loan Availability</u>*<u>).</u>

<u>"</u>*<u>Tranche 2 Advance</u>*<u>" means, as context requires, a Tranche 2 Term Loan Advance, a Tranche 2 Working Capital Advance, or both.</u>

<u>"</u>*<u>Tranche 2 Amortization Schedule</u>*<u>" means the amortization schedule set forth in Schedule III (</u>*<u>Amortization Schedule</u>*<u>) calculated based on the Tranche 2 Term Loan Amount.</u>

<u>"</u>*<u>Tranche 2 Commitment</u>*<u>" means, as context requires, a Tranche 2 Term Loan Commitment, a Tranche 2 Working Capital Commitment or both.</u>

<u>"</u>*<u>Tranche 2 Coordinating Lead Arranger</u>*<u>" means each of Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, MUFG Bank, Ltd., Banco Santander, S.A., New York Branch, Bank of America, N.A., Bank of China, New York Branch, Barclays Bank PLC, CaixaBank, S.A., United Kingdom Branch, Deutsche Bank AG, London Branch, Goldman Sachs Bank USA, Intesa Sanpaolo S.P.A., New York Branch, JPMorgan Chase Bank, N.A., Landesbank Baden-Wurttemberg, New York Branch, Mizuho Bank, Ltd., National Bank of Canada, National Westminster Bank PLC / NatWest Markets PLC, Natixis, New York Branch, Royal Bank of Canada, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, The</u> 

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<u>Bank of Nova Scotia, Houston Branch, The Huntington National Bank, Truist Securities, Inc., U.S. Bank National Association and Wells Fargo Bank, N.A., in each case, not in its individual capacity but as coordinating lead arranger hereunder.</u>

<u>"</u>*<u>Tranche 2 Documentation Bank</u>*<u>" means Banco Bilbao Vizcaya Argentaria, S.A, New York Branch and MUFG Bank, Ltd., in each case, not in its individual capacity, but as documentation bank.</u>

<u>"</u> *<u>Tranche 2 Existing Letter of Credit</u>* <u>" means the letter of credit identified as a "Tranche 2 Existing Letter of Credit" in Schedule V (</u>*<u>Existing Letter of Credit</u>*<u>).</u>

"*Working CapitalFacility<u>Tranche 2 Facilities</u>*<u>"</u> has the meaning provided in the recitals.

<u>"</u>*<u>Tranche 2 Fronted Letter of Credit</u>*<u>" means a Tranche 2 Letter of Credit other than a Tranche 2 Non-Fronted Letter of Credit.</u>

<u>"</u>*<u>Tranche 2 Fronting Limit</u>*<u>" means, at any time, with respect to any Tranche 2 Issuing Bank, the amount set forth opposite the name of such Tranche 2 Issuing Bank in the column entitled "Tranche 2 Fronting Limit" on Schedule II (</u>*<u>Issuing Bank Limits</u>*<u>), or, in the case of any Tranche 2 Working Capital Lender that becomes a Tranche 2 Issuing Bank hereunder pursuant to Section 3.05 (</u>*<u>Resignation as an Issuing Bank</u>*<u>) or otherwise after the Upsize Closing Date, such amount as set forth in the agreement evidencing the appointment of such Tranche 2 Working Capital Lender as a Tranche 2 Issuing Bank.</u>

<u>"</u>*<u>Tranche 2 Issuing Bank</u>*<u>" means (a) with respect to the Tranche 2 Existing Letter of Credit, Bank of America, N.A., as applicable, in its capacity as the issuer thereof, as set forth on Schedule V (</u>*<u>Existing Letters of Credit</u>*<u>) and (b) with respect to any other Tranche 2 Letter of Credit, (i) each Tranche 2 Working Capital Lender identified as a "Tranche 2 Issuing Bank" on Schedule II (</u>*<u>Issuing Bank Limits</u>*<u>) with a Tranche 2 Fronting Limit or Tranche 2 Non-Fronting Limit and (ii) any other Tranche 2 Working Capital Lender designated by the Borrower after the Upsize Closing Date that has, or whose credit support provider has, a credit rating of A3 or higher by Moody's, A- or higher by S&P or an equivalent rating by another nationally-recognized credit rating agency, and that has agreed in writing in its sole discretion to accept such designation as a Tranche 2 Issuing Bank and to be bound by all of the terms contained in this Agreement and the other Finance Documents binding on an Issuing Bank in such capacity (</u>*<u>provided</u>* <u>that, a copy of such agreement has been delivered to the Credit Facility Agent), it being understood that such agreement may contain additional conditions to, or limitations on, such Issuing Bank's obligation to issue Tranche 2 Letters of Credit hereunder (including limits on the aggregate available balance of Tranche 2 Letters of Credit at any one time outstanding that may be issued by such Issuing Bank), and any such conditions or limitations are hereby incorporated by reference into this Agreement to the same extent and with the same force as if fully set forth herein. Each reference to a Tranche 2 Issuing Bank contained in this Agreement and the other Finance Documents shall be deemed to refer to the applicable Tranche 2 Working Capital Lender solely in its capacity as the issuer of Tranche 2 Letters of Credit hereunder and not in its capacity as a Tranche 2 Working Capital Lender, and each reference to a Tranche 2</u> 

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<u>Working Capital Lender contained in this Agreement and the other Finance Documents shall be deemed to refer to such Tranche 2 Working Capital Lender in its capacity as such and not in its capacity (if applicable) as a Tranche 2 Issuing Bank.</u>

<u>"</u>*<u>Tranche 2 Issuing Bank Limit</u>*<u>" means the limitation on the obligation of each Tranche 2 Issuing Bank to issue Tranche 2 Letters of Credit as identified in the column "Tranche 2 Issuing Bank Limit" on Schedule II (</u>*<u>Issuing Bank Limits</u>*<u>) with respect to each Tranche 2 Issuing Bank or, in the case of any Tranche 2 Working Capital Lender that becomes a Tranche 2 Issuing Bank hereunder pursuant to Section 3.05 (</u>*<u>Resignation as an Issuing Bank</u>*<u>) or otherwise, in each case, after the Upsize Closing Date, such amount as set forth in the agreement evidencing the appointment of such Tranche 2 Working Capital Lender as a Tranche 2 Issuing Bank, as the same may be (a) reduced from time to time in accordance with Section 2.07 (</u>*<u>Termination or Reduction of Commitments</u>*<u>), (b) increased from time to time in accordance with Section 2.08 (</u>*<u>Incremental Commitments</u>*<u>), and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 11.04 (</u>*<u>Assignments</u>*<u>).</u>

<u>"</u>*<u>Tranche 2 Joint Lead Arranger</u>*<u>" means each of PNC Capital Markets LLC, not in its individual capacity but as joint lead arranger hereunder.</u>

<u>"</u>*<u>Tranche 2 LC Exposure</u>*<u>" means, as of any time of determination and with respect to any Tranche 2 Issuing Bank, the sum of (a) the aggregate undrawn amount of the outstanding Tranche 2 Letters of Credit issued by such Tranche 2 Issuing Bank at such time plus (b) the aggregate amount of all Tranche 2 LC Loans made by such Tranche 2 Issuing Bank and in which no other Tranche 2 Working Capital Lender is required to participate that have not yet been repaid at such time plus (c) the aggregate amount of Tranche 2 LC Reimbursement Payments that the Borrower has not yet repaid and have not yet been converted to Tranche 2 LC Loans as of such time.</u>

<u>"</u>*<u>Tranche 2 LC Loan</u>*<u>" means a loan by a Tranche 2</u> Working Capital Lender *Payment Notice*" has the meaning provided in<u>to the Borrower deemed made pursuant to</u> <u>Section 3.02(c)</u> <u>and Section 3.02(f)</u> (*Reimbursement to Issuing Banks*).

<u>"</u>*<u>Tranche 2 LC Reimbursement Payment</u>*<u>" means an LC Reimbursement Payment with respect to any Tranche 2 Letter of Credit.</u>

<u>"</u>*<u>Tranche 2 Lender</u>*<u>" means, as context requires, a Tranche 2 Term Lender or a Tranche 2 Working Capital Lender or both.</u>

<u>"</u>*<u>Tranche 2 Letter of Credit</u>*<u>" means, as context requires, a Tranche 2 Fronted Letter of Credit, a Tranche 2 Non-Fronted Letter of Credit, or both.</u>

<u>"</u>*<u>Tranche 2 Loan</u>*<u>" means, as context requires, a Tranche 2 Term Loan, a Tranche 2 Working Capital Loan, a Tranche 2 LC Loan or each of the foregoing.</u>

<u>"</u>*<u>Tranche 2 Non-Fronted LC Amount</u>*<u>" means the Non-Fronted LC Amount for a Tranche 2 Non-Fronted Letter of Credit.</u>

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<u>"</u>*<u>Tranche 2 Non-Fronted Letter of Credit</u>*<u>" means a Tranche 2 Letter of Credit identified by the Borrower as such in the Request for Issuance.</u>

<u>"</u>*<u>Tranche 2 Non-Fronting Limit</u>*<u>" means, at any time, with respect to any Tranche 2 Issuing Bank, the amount set forth opposite the name of such Tranche 2 Issuing Bank in the column entitled "Tranche 2 Non-Fronting Limit" on Schedule II (</u>*<u>Issuing Bank Limits</u>*<u>), or, in the case of any Tranche 2 Working Capital Lender that becomes a Tranche 2 Issuing Bank hereunder pursuant to Section 3.05 (</u>*<u>Resignation as an Issuing Bank</u>*<u>) or otherwise after the Upsize Closing Date, such amount as set forth in the agreement evidencing the appointment of such Tranche 2 Working Capital Lender as a Tranche 2 Issuing Bank, as the same may be (a) reduced from time to time in accordance with Section 2.07 (</u>*<u>Termination or Reduction of Commitments</u>*<u>), (b) increased from time to time in accordance with Section 2.08 (</u>*<u>Incremental Commitments</u>*<u>), and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 11.04 (</u>*<u>Assignments</u>*<u>).</u>

<u>"</u>*<u>Tranche 2 Senior Managing Agent</u>*<u>" means each of Canadian Imperial Bank of Commerce, New York Branch, Industrial and Commercial Bank of China Limited, New York Branch, and Regions Bank, in each case, not in its individual capacity but as senior managing agent hereunder.</u>

<u>"</u>*<u>Tranche 2 Syndication Agent</u>*<u>" means Banco Bilbao Vizcaya Argentaria, S.A, New York Branch and MUFG Bank, Ltd., in each case, not in its individual capacity, but as syndication agent.</u>

<u>"</u>*<u>Tranche 2 Term Lenders</u>*<u>" means those Term Lenders identified on Schedule I (</u>*<u>Lenders, Commitments</u>*<u>) as having Tranche 2 Term Loan Commitments and each other Person that acquires the rights and obligations of any such Tranche 2 Term Lender in accordance with Section 11.04 (</u>*<u>Assignments</u>*<u>) but excluding any Person that has assigned all of its rights and obligations under the Credit Facility Agreement in accordance with Section 11.04 (</u>*<u>Assignments</u>*<u>) (other than in connection with the sale of participations) and Participants.</u>

<u>"</u>*<u>Tranche 2 Term Loan</u>*<u>" has the meaning provided in Section 2.02 (</u>*<u>Term Loan Availability</u>*<u>).</u>

<u>"</u>*<u>Tranche 2 Term Loan Advance</u>*<u>" means each Advance of Tranche 2 Term Loans by the Tranche 2 Term Lenders (or the Credit Facility Agent on their behalf) on any single date to the Borrower in accordance with Section 2.06 (</u>*<u>Funding</u>*<u>) and Article VII (</u>*<u>Conditions Precedent</u>*<u>).</u>

<u>"</u>*<u>Tranche 2 Term Loan Amount</u>*<u>" means $7,850,000,000.00, as may be reduced in accordance with Section 4.01(b) (</u>*<u>Repayment of Term Loan Advances</u>*<u>).</u>

<u>"</u>*<u>Tranche 2 Term Loan Availability Period"</u>* <u>has the meaning provided in Section 2.02 (</u>*<u>Term Loan Availability</u>*<u>).</u>

<u>"</u>*<u>Tranche 2 Term Loan Commitment</u>*<u>" means the commitment of a Tranche 2 Term Lender to make or otherwise fund a Tranche 2 Term Loan pursuant to Section 2.01(a) (</u>*<u>Term</u>*

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*<u>Loans</u>*<u>), as set forth opposite the name of such Tranche 2 Term Lender in the column entitled "Tranche 2 Term Loan Commitment" in Schedule I (</u>*<u>Lenders, Commitments</u>*<u>), or if any such Tranche 2 Term Lender has entered into one or more Lender Assignment Agreements, such amount as set forth opposite the name of such Tranche 2 Term Lender and any assignor Tranche 2 Term Lender in the Register maintained by the Credit Facility Agent pursuant to Section 2.06(f) (</u>*<u>Funding</u>*<u>), as the same may be reduced in accordance with Section 2.07 (</u>*<u>Termination or Reduction of Commitments</u>*<u>), and "Tranche 2 Term Loan Commitments" means such commitments of all Tranche 2 Term Lenders in the aggregate.</u>

<u>"</u>*<u>Tranche 2 Term Loan Notes</u>*<u>" means the promissory notes of the Borrower, substantially in the form of Exhibit B-1 (</u>*<u>Form of Term Loan Note</u>*<u>) evidencing Tranche 2 Term Loans, in each case duly executed and delivered by an Authorized Officer of the Borrower in favor of each Tranche 2 Term Lender that requests a Tranche 2 Term Loan Note, including any promissory notes issued by the Borrower in connection with assignments of any Tranche 2 Term Loan of the Tranche 2 Term Lenders.</u>

<u>"</u>*<u>Tranche 2 Working Capital Advance</u>*<u>" means each Advance of Tranche 2 Working Capital Loans by or on behalf of the Tranche 2 Working Capital Lenders on any single date to the Borrower in accordance with Section 2.06 (</u>*<u>Funding</u>*<u>) and Article VII (</u>*<u>Conditions Precedent</u>*<u>).</u>

<u>"</u>*<u>Tranche 2 Working Capital Commitment</u>*<u>" means, with respect to each Tranche 2 Working Capital Lender, the commitment of such Tranche 2 Working Capital Lender to (i) make Tranche 2 Working Capital Loans and (ii) make Tranche 2 LC Loans in respect of Tranche 2 Fronted Letters of Credit and Tranche 2 Non-Fronted Letters of Credit (subject to such Tranche 2 Working Capital Lender's Tranche 2 Non-Fronting Limit as set forth opposite the name of such Tranche 2 Working Capital Lender in the column entitled "Tranche 2 Non-Fronting Limit" on Schedule II (</u>*<u>Issuing Bank Limits</u>*<u>)), in an aggregate amount not to exceed the amount set forth opposite the name of such Tranche 2 Working Capital Lender in the column entitled "Tranche 2 Working Capital Commitment" in Schedule I (</u>*<u>Lenders, Commitments</u>*<u>) or if any Tranche 2 Working Capital Lender has entered into one or more Lender Assignment Agreements, such amount as set forth opposite the name of such Tranche 2 Working Capital Lender in the Register maintained by the Credit Facility Agent as such Tranche 2 Working Capital Lender's commitment, as the same may be (a) reduced from time to time in accordance with Section 2.07 (</u>*<u>Termination or Reduction of Commitments</u>*<u>), (b) increased from time to time in accordance with Section 2.08 (</u>*<u>Incremental Commitments</u>*<u>), (c) reduced or increased from time to time pursuant to assignments by or to such Tranche 2 Working Capital Lender pursuant to Section 11.04 (</u>*<u>Assignments</u>*<u>) and (d) utilized, as of the applicable date of determination, in the amount of such Tranche 2 Working Capital Lender's Tranche 2 Working Capital Commitment Exposure.</u>

<u>"</u>*<u>Tranche 2 Working Capital Commitment Exposure</u>*<u>" means as of any time of determination and with respect to each Tranche 2 Working Capital Lender, the sum of (i) the principal amount of its Tranche 2 Working Capital Loans outstanding,</u> *<u>plus</u>* <u>(ii) the principal amount of its Tranche 2 LC Loans outstanding,</u> *<u>plus</u>* <u>(iii) in the case of each Tranche 2 Working Capital Lender that is a Tranche 2 Issuing Bank, the aggregate undrawn amount of the outstanding Tranche 2 Letters of Credit issued by it (excluding the aggregate amount thereof in</u> 

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<u>respect of which other Tranche 2 Working Capital Lenders are required to participate),</u> *<u>plus</u>* <u>(iv) aggregate Tranche 2 LC Reimbursement Payments that have not yet converted to Tranche 2 LC Loans under the outstanding Tranche 2 Letters of Credit issued by it (excluding the aggregate amount thereof in respect of which other Tranche 2 Working Capital Lenders are required to participate)</u> *<u>plus</u>* <u>(v) the aggregate amount of such Tranche 2 Working Capital Lender's participations in Tranche 2 Letters of Credit issued by other Tranche 2 Issuing Banks.</u>

<u>"</u>*<u>Tranche 2 Working Capital Facility</u>*<u>" has the meaning provided in the recitals.</u>

"*<u>Tranche 2</u> Working Capital Lenders*" means those Working Capital Lenders identified on Schedule I (*Lenders, Commitments*) <u>as having Tranche 2 Working Capital Commitments</u> and each other Person that acquires the rights and obligations of any such <u>Tranche 2</u> Working Capital Lender in accordance with <u>Section 11.04</u> (*Assignments*) but excluding any Person that has assigned all of its rights and obligations under the Credit Facility Agreement in accordance with <u>Section 11.04</u> (*Assignments*) (other than in connection with the sale of participations) and Participants.

"*<u>Tranche 2</u> Working Capital Loan*" has the meaning provided in <u>Section 2.04(</u><u>a</u><u>b</u><u>)</u> (*Working Capital Loan Availability*).

"*<u>Tranche 2</u> Working Capital Loan Availability Period"* has the meaning provided in <u>Section 2.04(</u><u>a</u><u>b</u><u>)</u> (*Working Capital Loan Availability*).

"*<u>Tranche 2</u> Working Capital Loan Note*" means the promissory notes of the Borrower, substantially in the form of <u>Exhibit B-2</u> (*Form of Working Capital Note*) evidencing <u>Tranche 2</u> Working Capital Loans, in each case duly executed and delivered by an Authorized Officer of the Borrower in favor of each <u>Tranche 2</u> Working Capital Lender that requests a <u>Tranche 2</u> Working Capital Loan Note, including any promissory notes issued by the Borrower in connection with assignments of any <u>Tranche 2</u> Working Capital Loan of the <u>Tranche 2</u> Working Capital Lenders.

"*<u>Tranche 2</u> Working Capital Loan Termination Date*" has the meaning provided in <u>Section 2.04(</u><u>a</u><u>b</u><u>)</u> (*Working Capital Loan Availability*).

<u>"</u> *<u>Type</u>* <u>" means, when used in reference to:</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u><u>any Loan or Advance, or the Loans constituting such Advance, Term Loans and/or Working Capital Loans (or any Type thereof) as the context requires; and</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u><u>any Commitment, a Term Loan Commitment and/or a Working Capital</u>

<u>Commitment as the context requires.</u>

<u>"</u> *<u>UCP 600</u>*<u>" has the meaning provided in Section 3.01(g)(iii) (</u>*<u>Letters of Credit</u>*<u>).</u>

<u>"</u>*<u>UK Financial Institution</u>*<u>" means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom</u> 

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<u>Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.</u>

<u>"</u>*<u>UK Resolution Authority</u>*<u>" means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.</u>

<u>"</u>*<u>Unadjusted Benchmark Replacement</u>*<u>" means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.</u>

<u>"</u>*<u>Undisclosed Administration</u>*<u>" means, in relation to a Lender or its direct or indirect parent company, the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian, or other similar official by a supervisory authority or regulator under or based on the law in the country where such Lender or such parent company is subject to home jurisdiction supervision, if applicable law requires that such appointment not be publicly disclosed.</u>

<u>"</u>*<u>U.S. Government Securities Business Day</u>*<u>" means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.</u>

*<u>"U.S. Special Resolution Regimes</u>*<u>" has the meaning provided in Section 11.24 (</u>*<u>Acknowledgment Regarding any Supported QFCs</u>*<u>).</u>

<u>"</u>*<u>Working Capital Advance</u>*<u>" means, as context requires, a Tranche 1 Working Capital Advance, a Tranche 2 Working Capital Advance, or both.</u>

*<u>"Working Capital Commitment</u>*<u>" means, as context requires, a Tranche 1 Working Capital</u> *<u>Commitment</u>*<u>, or a Tranche 2 Working Capital Commitment or both.</u>

*<u>"Working Capital Commitment Exposure</u>*<u>" means, as context requires, Tranche 1 Working Capital</u> *<u>Commitment</u>* <u>Exposure, or Tranche 2 Working Capital Commitment Exposure, or both.</u>

*<u>"Working Capital Commitment Fee</u>*<u>" has the meaning provided in Section 4.15(b) (</u>*<u>Fees</u>*<u>).</u>

*<u>"Working Capital Commitment Increase</u>*<u>" has the meaning provided in Section 2.08(a) (Incremental</u>*<u>Commitments</u>*<u>).</u>

<u>"</u> *<u>Working Capital Commitment Increase Notice</u>*<u>" has the meaning provided in Section 2.08(a) (</u>*<u>Incremental Commitments</u>*<u>).</u>

<u>"</u> *<u>Working Capital Facility</u>*<u>" has the meaning provided in the recitals.</u>

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<u>"</u>*<u>Working Capital Lender Payment Notice</u>*<u>" has the meaning provided in Section 3.02(c) (</u>*<u>Reimbursement to Issuing Banks</u>*<u>).</u>

<u>"</u>*<u>Working Capital Lenders</u>*<u>" means, as context requires, a Tranche 1 Working Capital Lender or a Tranche 2 Working Capital Lender or both.</u>

"*<u>Working Capital Loan</u>*<u>" means, as context requires, a Tranche 1 Working Capital Loan, or a Tranche 2 Working Capital Loan, or both.</u>

"*<u>Working Capital Loan Availability Period"</u>* <u>means, as context requires, the Tranche 1 Working Capital Loan Availability Period, the Tranche 2 Working Capital Loan Availability Period, or both.</u>

"*<u>Working Capital Loan Note</u>*<u>" means, as context requires, a Tranche 1 Working Capital Loan Note, or a Tranche 2 Working Capital Loan Note, or both.</u>

<u>"</u>*<u>Working Capital Loan Termination Date</u>*<u>" means, as context requires, the Tranche 1 Working Capital Loan Termination Date, or the Tranche 2 Working Capital Loan Termination Date, or both.</u>

<u>"</u>*<u>Working Capital Utilization</u>*<u>" means, with respect to the Tranche 1 Working Capital Facility and the Tranche 2 Working Capital Facility, as of any time of determination, the sum of (i) the principal amount of the Working Capital Loans of such Tranche outstanding,</u> *<u>plus</u>* <u>(ii) the principal amount of the LC Loans of such Tranche outstanding,</u> *<u>plus</u>* <u>(iii) the aggregate undrawn amount of the outstanding Letters of Credit of such Tranche,</u> *<u>plus</u>* <u>(iv) aggregate LC Reimbursement Payments of such Tranche that have not yet converted to LC Loans under the outstanding Letters of Credit of such Tranche.</u>

"*Write-Down and Conversion Powers*" means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.

&nbsp;&nbsp;&nbsp;&nbsp;

------

**EXHIBIT B-1 TO<br>CREDIT FACILITY AGREEMENT<br><u>Form of Term Loan Note<br></u>**<br> [Omitted]

**EXHIBIT B-2 TO<br>CREDIT FACILITY AGREEMENT<br><u>Form of</u> Working Capital Loan Note<u><br></u>**<br> [Omitted]

**EXHIBIT C TO<br>CREDIT FACILITY AGREEMENT<br><u>[Reserved]</u>**

&nbsp;&nbsp;&nbsp;&nbsp;

------

**EXHIBIT D TO<br>CREDIT FACILITY AGREEMENT<br><u>Form Of Interest Period Notice</u>**

[Omitted]

&nbsp;&nbsp;&nbsp;&nbsp;

------

**EXHIBIT E TO<br>CREDIT FACILITY AGREEMENT<br><u>Form of</u> Lender Assignment Agreement**

[Omitted]

&nbsp;&nbsp;&nbsp;&nbsp;

## Exhibit 10.8

**Exhibit 10.8**

*Execution Version*

**Certain identified information has been omitted from this document because (i) it is not material and is the type that the Company customarily and actually treats as private or confidential, and/or (ii) if disclosure would constitute a clearly unwarranted invasion of personal privacy and has been marked with "[\*\*\***]**" to indicate where omissions have been made.**

**CHANGE ORDER NO. 01**

**UNDER THE PURCHASE ORDER CONTRACT**

**FOR THE SALE OF LIQUEFACTION TRAIN SYSTEM**

<u>March &nbsp;&nbsp;&nbsp;&nbsp;</u> <u>16</u> **, 2026** 

Reference is made to the Purchase Order Contract for the Sale of Liquefaction Train System, dated as of December 13, 2024 (as amended, the "**<u>Agreement</u>**"), by and between Venture Global CP2 LNG, LLC, a Delaware limited liability company ("**<u>Buyer</u>**") and Baker Hughes Energy Services LLC, a Delaware limited liability company ("**<u>Seller</u>**"). Capitalized terms used but not defined herein shall have the meanings set forth in the Agreement. This Change Order, including any adjustment to the Contract Price and/or the Project Schedule set forth herein, as applicable, has been agreed upon by the Parties in accordance with Clause 24 of <u>Appendix A</u> (General Terms & Conditions) of the Agreement, and is considered an amendment to the Agreement. Except to the extent as may be specifically described in this Change Order, the changes set forth herein do not relieve Seller of any of its responsibilities described in the Agreement.

Once this Change Order is executed by both Parties, and except to the extent set forth herein, this Change Order will constitute a full and final settlement and accord and satisfaction of all effects of the change(s) described herein, and shall be deemed to compensate Seller fully for all such effects.

**TERMS AND CONDITIONS:**

Buyer and Seller further agree to the following changes to the Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.Clause 6.4 (c) of <u>Appendix A</u> (General Terms & Conditions) of the Agreement is hereby deleted in its entirety and the following is inserted in its place:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)"6.4 (c) For each Liquefaction Train the liquidated damages payable by Seller to Buyer for each Day of delay in delivery of the specific Liquefaction Train (in its entirety) to the Delivery Point beyond the Delivery Date is (i) in respect of the first [\*\*\*] Liquefaction Trains to be delivered, an amount equal to: (1) for each of the first [\*\*\*] Days of delay, the amount in Dollars set forth opposite such Day on <u>Appendix L</u> (Liquidated Damage Amounts); and (2) thereafter, [\*\*\*] per Day for each day of such delay for the next [\*\*\*] days; (ii) in respect of the subsequent [\*\*\*] Liquefaction Trains an amount equal to: (1) for each of the first [\*\*\*] Days

------

*Execution Version*

of delay, the amount in Dollars set forth opposite such Day on <u>Appendix L</u> (Liquidated Damage Amounts); and (2) thereafter, [\*\*\*] per Day for each day of such delay for the next [\*\*\*]."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.Clause 25.3 of <u>Appendix A</u> (General Terms & Conditions) of the Agreement is hereby amended as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.Clause 25.3(a)(i) of <u>Appendix A</u> to the Agreement is hereby amended by deleting the reference therein to "[\*\*\*]" in its entirety and inserting "[\*\*\*]" in its place.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.Clause 25.3(a)(ii) of <u>Appendix A</u> to the Agreement is hereby amended by deleting the reference therein to "[\*\*\*]" in its entirety and inserting [\*\*\*]" in its place.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.Clause 25.3(b)(i) of <u>Appendix A</u> to the Agreement is hereby amended by (i) deleting the reference therein to "[\*\*\*]" in its entirety and inserting "[\*\*\*]" in its place, and (ii) deleting the reference therein to "[\*\*\*]" in its entirety and inserting "[\*\*\*]" in its place.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.Clause 25.3(b)(ii) of <u>Appendix A</u> to the Agreement is hereby amended by deleting the reference therein to "[\*\*\*]" in its entirety and inserting "[\*\*\*]" in its place.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.Foreign Exchange True-Up

Buyer and Seller agree to an adjustment to the Contract Price (on a lump sum basis) relating to the provisions set forth in Part B of Clause 7.1 (Definition of Contract Price) of <u>Appendix A</u> (General Terms & Conditions) to the Agreement. The Contract Price shall be increased by an amount equal to the aggregate amount of [\*\*\*] in final and full satisfaction of such requirement.

**APPENDIX B:**

Attached as <u>Exhibit A</u> to this Change Order is a revised version of <u>Appendix B</u> (Pricing; Payment Terms & Cancellation Schedule), which supersedes and replaces the existing <u>Appendix B</u> (Pricing; Payment Terms & Cancellation Schedule) in its entirety.

------

*Execution Version*

**COST DETAILS:**

Attached hereto as <u>Exhibit B</u> to this Change Order contains the Seller's cost details for the scope of supply modifications set forth herein for information purposes only.

**CONTRACT PRICE:**

---

| | | |
|:---|:---|:---|
| The original Contract Price was: | $[\*\*\*] | $[\*\*\*] |
| The net adjustment to the Contract Price by previously executed Change Orders is: | $[\*\*\*] | $[\*\*\*] |
| The Contract Price prior to this Change Order was: | $[\*\*\*] | $[\*\*\*] |
| The Contract Price shall be increased by this Change Order in the amount (the "Change Order Price") of: | $[\*\*\*] | $[\*\*\*] |
| (comprised of a fixed lump sum amount of $[\*\*\*], with respect to the changes set forth in item 3 above, PCO#145 Rev.00) |  |  |
| **The adjusted Contract Price, including this Change Order, shall be:** | **$**[\*\*\*] | **$**[\*\*\*] |
| The original fixed fee for transportation was: | The original fixed fee for transportation was: | $[\*\*\*] |
| The net adjustment to the fixed fee by previously executed Change Orders is: | The net adjustment to the fixed fee by previously executed Change Orders is: | $[\*\*\*] |
| The fixed fee prior to this Change Order was: | The fixed fee prior to this Change Order was: | $[\*\*\*] |
| The fixed fee shall be increased by this Change Order in the amount of: | The fixed fee shall be increased by this Change Order in the amount of: | $[\*\*\*] |
| The adjusted fixed fee for transportation, including this Change Order, shall be: | The adjusted fixed fee for transportation, including this Change Order, shall be: | **$**[\*\*\*] |
| The original not to exceed amount for Transportation Costs was: | The original not to exceed amount for Transportation Costs was: | $[\*\*\*] |
| The net adjustment to the not to exceed amount for Transportation Costs by previously executed Change Orders is: | The net adjustment to the not to exceed amount for Transportation Costs by previously executed Change Orders is: | $[\*\*\*] |
| The adjusted not to exceed amount for Transportation Costs prior to this change order was: | The adjusted not to exceed amount for Transportation Costs prior to this change order was: | $[\*\*\*] |
| The not to exceed amount for Transportation Costs shall be increased by this Change Order in the amount of: | The not to exceed amount for Transportation Costs shall be increased by this Change Order in the amount of: | $[\*\*\*] |
| The adjusted not to exceed amount for Transportation Costs (excluding fixed fee for transportation), including this Change Order, shall be: | The adjusted not to exceed amount for Transportation Costs (excluding fixed fee for transportation), including this Change Order, shall be: | **$**[\*\*\*] |

---

**PROJECT SCHEDULE:**

------

*Execution Version*

This Change Order shall have no impact on the Project Schedule or the Milestone dates.

***Seller waives any and all rights to claim any payment or any relief for time for the performance of its obligations for the performance of the scope of the changes that are set forth under this Change Order. This Change Order constitutes compensation in full for Seller for all costs and expenses directly or indirectly attributable to the changes set forth herein, for all delays related thereto, and for performance of the changes within the time stated. Notwithstanding the foregoing, such adjusted Contract Price does not include any Buyer Taxes which will be added to such Contract Price in accordance with and subject to the terms of the Agreement.***

All other terms and conditions of the Agreement remain in effect unless specifically modified herein.

[*Signature Page Follows.*]

------

*Execution Version*

---

| | |
|:---|:---|
| Agreed pursuant to the Agreement by: |  |
| **Baker Hughes Energy Services, LLC** | **Venture Global CP2 LNG, LLC** |
| By: <u>/s/ Jeffrey Hoke&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> | By: <u>/s/ Keith Larson&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> |
| Name:&nbsp;&nbsp;&nbsp;&nbsp; <u>Jeffrey Hoke&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> | Name: <u>Keith Larson&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> |
| Title: &nbsp;&nbsp;&nbsp;&nbsp;<u>Project Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> | Title: <u>General Counsel&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> |
|  | /s/ SSUE |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

*Execution Version*

**<u>Exhibit A</u>**

**<u>APPENDIX B</u>**

**<u>PRICING, PAYMENT TERMS & CANCELLATION SCHEDULE</u>**

Seller shall not issue more than one (1) invoice (or, following the assignment of the Agreement to the EPC Contractor, two (2) invoices) in any calendar month during the term of the Agreement.

Seller shall not be entitled to invoice for a Payment Milestone until such Payment Milestone has been completed, such invoice shall include reasonable documentation of such completion of the Payment Milestone, including the documentation identified in the Payment Milestone Notes below and as may be further defined between Buyer and Seller during the kickoff meeting. Invoices shall include an affidavit setting forth the amounts paid by Seller to any "Major Subcontractors" under the Agreement in a form reasonably acceptable to Buyer and the Lenders.

In addition to the amounts shown in the Payment Milestone in Section I.B., below, Seller shall be permitted to invoice Buyer for the fixed fee of [\*\*\*] as provided in Clause 7.1 of Appendix A of the Agreement in equal monthly installments in the amount of [\*\*\*] during the first [\*\*\*] of the Payment Schedule following the issuance of FNTP.

The Transportation Costs as defined in <u>Clause 7.1</u> of Appendix A shall not be included in the Aggregate Payment Milestone Cap. Concurrently with the monthly invoice described in the first paragraph of this Appendix B, Seller may submit to Buyer a dedicated monthly invoice for the transportation fixed fee and the Transportation Costs.

Transportation Costs shall be documented by Seller providing to Buyer unredacted copies of purchase orders and other available documentation. Copies of invoices shall be provided as part of the monthly invoice for individual purchase orders or Transportation Costs with a value in excess of $[\*\*\*]. In all other cases, Facility-specific ERP system reports in Excel format will be submitted with the applicable monthly invoice. Transportation Costs shall be certified by the Project Director as part of the applicable monthly invoice.

Concurrently with the monthly invoice described in the first paragraph of this Appendix B, Seller may submit to Buyer a dedicated monthly invoice with respect to any Cameron Parish sales and use taxes that constitute Buyer Taxes. Any such Cameron Parish sales and use taxes shall be documented by Seller providing the list, value, and delivery date of the delivered equipment.

Concurrently with the monthly invoice described in the first paragraph of this Appendix B, Seller may submit to Buyer a dedicated monthly invoice with respect to the Spare Parts. Spare Parts shall be documented by the Seller providing the list of the delivered spare parts and/or other available documentation to the Seller.

Buyer shall have the right to audit all documentation pertaining to Transportation Costs and taxes on reasonable prior notice to Seller and during normal business hours in order to confirm the accuracy and completeness thereof.

------

*Execution Version*

I.<u>Payment Milestones</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Payment Milestones after Buyer's issuance of LNTP shall be as indicated in the table below.

---

| | | | |
|:---|:---|:---|:---|
| **Type** | **Milestone<br>N°** | **Milestone Description** | **Amount<br>(USD)** |
| [\*\*\*] | 1 | **[\*\*\*]**  | **[\*\*\*]** |
| [\*\*\*] | 1L | **[\*\*\*]** | **[\*\*\*]** |
| [\*\*\*] | 2 | **[\*\*\*]** | **[\*\*\*]** |
| [\*\*\*] | 3 | **[\*\*\*]** | **[\*\*\*]** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.Payment Milestones after Buyer's issuance of FNTP shall be as indicated in the table below. The "Fixed" Payment Milestones (as indicated below) are one-time events. The "By Train" Payment Milestones (as indicated below) shall occur for each Liquefaction Train.

---

| | | | |
|:---|:---|:---|:---|
| **Type** | **Milestone<br>N°** | **Milestone Description** | **(CO#1)**<br>**Amount<br>(USD)** |
| [\*\*\*] | 1 | **[\*\*\*]** | **[\*\*\*]** |
| [\*\*\*] | 1L | **[\*\*\*]** | **[\*\*\*]** |
| [\*\*\*] | 2 | **[\*\*\*]** | **[\*\*\*]** |
| [\*\*\*] | 3 | **[\*\*\*]** | **[\*\*\*]** |

---

------

*Execution Version*

---

| | | |
|:---|:---|:---|
| [\*\*\*] | 4 | **[\*\*\*]** |
| [\*\*\*] | 5 | **[\*\*\*]** |
| [\*\*\*] | 6 | **[\*\*\*]** |
| [\*\*\*] | 7 | **[\*\*\*]** |
| [\*\*\*] | 8 | **[\*\*\*]** |
| [\*\*\*] | 9 | **[\*\*\*]** |
| [\*\*\*] | 10 | **[\*\*\*]** |
| [\*\*\*] | 11 | **[\*\*\*]** |
| [\*\*\*] | 12 | **[\*\*\*]** |
| [\*\*\*] | 13 | **[\*\*\*]** |
| [\*\*\*] | 14 | **[\*\*\*]** |
| [\*\*\*] | 15 | **[\*\*\*]** |
| [\*\*\*] | 16 | **[\*\*\*]** |
| [\*\*\*] | 17 | **[\*\*\*]** |
| [\*\*\*] | 18 | **[\*\*\*]** |
| [\*\*\*] | 19 | **[\*\*\*]** |
| [\*\*\*] | 20 | **[\*\*\*]** |
| [\*\*\*] | 21 | **[\*\*\*]** |
| [\*\*\*] | 22 | **[\*\*\*]** |
| [\*\*\*] | 23 | **[\*\*\*]** |
| [\*\*\*] | 24 | **[\*\*\*]** |
| [\*\*\*] | 25 | **[\*\*\*]** |
| [\*\*\*] | 26 | **[\*\*\*]** |
| [\*\*\*] | 27 | **[\*\*\*]** |

---

------

*Execution Version*

---

| | |
|:---|:---|
| <br>**Payment Milestone Notes** | <br>**Payment Milestone Notes** |
| **1** | **[\*\*\*]** |
| **2** | **[\*\*\*]** |
| **3** | **[\*\*\*]** |
| **4** | **[\*\*\*]** |
| **5** | **[\*\*\*]** |
| **6** | **[\*\*\*]** |
| **7** | **[\*\*\*]** |
| **8** | **[\*\*\*]** |
| **9** | **[\*\*\*]** |
| **10** | **[\*\*\*]** |
| **11** | **[\*\*\*]** |
| **12** | **[\*\*\*]** |
| **13** | **[\*\*\*]** |
| **14** | **[\*\*\*]** |

---

------

*Execution Version*

II.<u>Aggregate Payment Milestone Cap</u>:

The aggregate amount of all Payment Milestones invoiced by Seller as of each month, including all invoices submitted to Buyer in prior months, shall not exceed the amount of the Aggregate Payment Milestone Cap shown in tables below for such month.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.[\*\*\*].

---

| | |
|:---|:---|
| **Month after Issuance of LNTP** | **Aggregate Payment Milestone Cap (by month)** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.[\*\*\*].

---

| | |
|:---|:---|
| **Month after Issuance of LNTP or FNTP (as applicable)** | **(CO#1)**<br>**Aggregate Payment Milestone Cap (by month)** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |

---

------

*Execution Version*

---

| | |
|:---|:---|
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |
| [\*\*\*] | **[\*\*\*]** |

---

------

*Execution Version*

III.<u>Termination Fee</u>:

In the event of termination for convenience by Buyer pursuant to Clause 29.1 of Appendix A or a termination by Buyer or Seller, as applicable, if there is no mutual agreement on extending the time for issuance of FNTP pursuant to Clause 6.6 of Appendix A, then the Termination Fee, if any, payable by Buyer shall be determined as follows:

[\*\*\*]

where:

[\*\*\*]

---

| | |
|:---|:---|
| **Months after issuance of LNTP or issuance of a Suspension Notice, as Applicable** | **Maximum Termination Fee** |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |

---

[\*\*\*].

---

| | |
|:---|:---|
| **Months after issuance of LNTP or FNTP or issuance of a Suspension Notice, as applicable** | **(CO#1)**<br>**Maximum Termination Fee**  |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |

---

------

*Execution Version*

---

| | |
|:---|:---|
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |

---

------

*Execution Version*

**<u>Exhibit B</u>**

**Cost Details**

[Omitted]

## Exhibit 10.9

**Exhibit 10.9**

*Execution Version*

**Certain identified information has been omitted from this document because (i) it is not material and is the type that the Company customarily and actually treats as private or confidential, and/or (ii) if disclosure would constitute a clearly unwarranted invasion of personal privacy and has been marked with "[\*\*\***]**" to indicate where omissions have been made.**

**CHANGE ORDER NO. 04**

**UNDER THE PURCHASE ORDER CONTRACT**

**FOR THE SALE OF LIQUEFACTION TRAIN SYSTEM**

<u>March &nbsp;&nbsp;&nbsp;&nbsp;</u> <u>24</u> **, 2026** 

Reference is made to the Purchase Order Contract for the Sale of Liquefaction Train System, dated as of April 7, 2023 (as amended, the "**<u>Agreement</u>**"), by and between Venture Global CP2 LNG, LLC, a Delaware limited liability company ("**<u>Buyer</u>**") and Baker Hughes Energy Services LLC, a Delaware limited liability company ("**<u>Seller</u>**"). Capitalized terms used but not defined herein shall have the meanings set forth in the Agreement. This Change Order, including any adjustment to the Contract Price and/or the Project Schedule set forth herein, as applicable, has been agreed upon by the Parties in accordance with Clause 24 of <u>Appendix A</u> (General Terms & Conditions) of the Agreement, and is considered an amendment to the Agreement. Except to the extent as may be specifically described in this Change Order, the changes set forth herein do not relieve Seller of any of its responsibilities described in the Agreement.

Once this Change Order is executed by both Parties, and except to the extent set forth herein, this Change Order will constitute a full and final settlement and accord and satisfaction of all effects of the change(s) described herein, and shall be deemed to compensate Seller fully for all such effects.

**TERMS AND CONDITIONS:**

Buyer and Seller further agree to the following changes to the Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.Clause 1.1 (Definitions.) of <u>Appendix A</u> (General Terms & Conditions) to the Agreement is hereby amended by deleting the defined term "<u>Performance Delay Liquidated Damages Cap</u>" in its entirety and replacing it with the following:

""<u>Performance Delay Liquidated Damages Cap</u>" means: (a) in respect of each Liquefaction Train, an amount equal to (i) [\*\*\*] of the Aggregate Performance Delay Liquidated Damages Cap in respect of each of the first [\*\*\*] Liquefaction Trains to be performance tested and (ii) [\*\*\*] of the Aggregate Performance Delay Liquidated Damages Cap in respect of each of the subsequent [\*\*\*] Liquefaction Trains to be performance tested; and (b) in respect of the Liquefaction Train System Production

------

*Execution Version* 

Capacity Performance Guarantee and the LNG Quality Performance Guarantee, collectively, an amount equal to [\*\*\*]."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.Clause 6.4 (c) of <u>Appendix A</u> (General Terms & Conditions) to the Agreement is hereby deleted in its entirety and the following is inserted in its place:

"6.4 (c) For each Liquefaction Train, the liquidated damages payable by Seller to Buyer for each Day of delay in delivery of the specific Liquefaction Train (in its entirety) to the Delivery Point beyond the Delivery Date is (i) in respect of the first [\*\*\*] Liquefaction Trains to be delivered, an amount equal to: (1) for each of the first [\*\*\*] Days of delay, the amount in Dollars set forth opposite such Day on <u>Appendix L</u> (Liquidated Damage Amounts); and (2) thereafter, [\*\*\*] per Day for each day of such delay for the next [\*\*\*] days; (ii) in respect of the subsequent [\*\*\*] Liquefaction Trains, an amount equal to: (1) for each of the first [\*\*\*] Days of delay, the amount in Dollars set forth opposite such Day on <u>Appendix L</u> (Liquidated Damage Amounts); and (2) thereafter, [\*\*\*] per Day for each day of such delay for the next [\*\*\*] days."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.Clause 6.7 (Delivery Bonus) of <u>Appendix A</u> (General Terms & Conditions) to the Agreement is hereby deleted in its entirety and the following is inserted in its place:

"If Seller delivers a Liquefaction Train (including for the avoidance of doubt, its associated Cold Box and E-House) to Buyer at the Delivery Point on or before the applicable bonus date set forth in <u>Annex C-1</u> of <u>Appendix C</u> (Scope of Supply & Project Schedule) (each, a "<u>Bonus Date</u>") for such Liquefaction Train, then Buyer shall pay to Seller the applicable bonus amount set forth in <u>Annex C-1</u> of <u>Appendix C</u> (Scope of Supply & Project Schedule) for each such Liquefaction Train; provided that each of such bonus amounts shall upon payment by Buyer be treated as an increase to the Contract Price for the purposes of the Agreement. If Seller delivers a Liquefaction Train (including for the avoidance of doubt, its associated Cold Box and E-House) before the applicable Delivery Date but after the applicable Bonus Date, the amount payable to Seller in respect of such Liquefaction Train shall be reduced by an amount equal to the applicable amount set forth <u>Annex C-1</u> of <u>Appendix C</u> (Scope of Supply & Project Schedule) (in each case, the "<u>Degradation Factor</u>") multiplied by the number of days from the Bonus Date to the later of the actual date of delivery of such Liquefaction Train to the Delivery Point. If a Liquefaction Train (including for the avoidance of doubt, the associated Cold Boxes or the associated E-Houses) is not delivered to the Delivery Point in its entirety on or before the applicable Delivery Date, then no bonus amount shall be earned or due for such Liquefaction Train.

In no event shall the total aggregate amount of all bonus amounts paid by Buyer under this Clause 6.7 exceed [\*\*\*]. For the purposes of this Clause 6.7 only, Seller shall be deemed to have delivered any Liquefaction Train (including for the avoidance of doubt, its associated Cold Box and E-House) described in this Clause 6.7 that is delivered to Buyer at the Delivery Point on or before the date that is at least [\*\*\*] Days prior to the

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*Execution Version* 

relevant Delivery Date for such Liquefaction Train in the Project Schedule notwithstanding that certain minor items forming a part of the Liquefaction Train have not been delivered to Buyer at the Delivery Point by such date; provided that (i) the Lender's Engineer has confirmed to Buyer in writing (upon Buyer's request) that the absence of such minor items would not reasonably be expected to adversely impact the project schedule for testing, commissioning, safety or operability of such Liquefaction Train and (ii) all such minor items are delivered to Buyer at the Delivery Point not later than the relevant Delivery Date for such Liquefaction Train in the Project Schedule or such other date as mutually agreed by the Parties in writing. Amounts earned by Seller pursuant to this Clause 6.7 shall be due and payable by Buyer to Seller as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)For the first [\*\*\*] Liquefaction Trains (including for the avoidance of doubt, its associated Cold Box and E-House), upon completion of delivery by Seller of all [\*\*\*] Liquefaction Trains and the finalization of a Change Order within [\*\*\*] days of such delivery or as agreed by the Parties; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)For the last [\*\*\*] Liquefaction Trains, upon completion of delivery by Seller of the Liquefaction Train System (including for the avoidance of doubt, its associated Cold Box and E-House) and all Components (as such term is defined in the PIS Purchase Order) of the power island system in accordance with the PIS Purchase Order and the finalization of a Change Order within [\*\*\*] days of such delivery or as agreed by the Parties."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.The first paragraph of Clause 7.1 of <u>Appendix A</u> (General Terms & Conditions) to the Agreement is hereby deleted in its entirety and the following is inserted in its place:

"A. The Contract Price is equal to the sum of [\*\*\*]. The Contract Price, payment terms and cancellation schedule/charges for each individual Liquefaction Train is detailed in <u>Appendix B</u> (Pricing; Payment Terms & Cancellation Schedule). The Contract Price shall not include: (i) any duties paid by Seller to deliver each Liquefaction Train to the Delivery Point ("<u>Duties</u>"), (ii) any tariffs paid by Seller to deliver each Liquefaction Train to the Delivery Point ("<u>Reimbursable Tariffs</u>"), or (iii) the physical transportation costs set forth in <u>Appendix K</u> (Transportation Costs), exclusive of insurance costs and taxes associated with physical transportation costs, other than Duties, for each such Liquefaction Train ("<u>Transportation Costs</u>").

Buyer shall reimburse Seller for all reasonable, documented out-of-pocket Duties, Reimbursable Tariffs, and Transportation Costs incurred by Seller, plus a fixed fee of [\*\*\*], payable in accordance with <u>Appendix B</u> (Pricing; Payment Terms & Cancellation Schedule). The Contract Price does not include any Buyer Taxes. Transportation Costs, inclusive of the fixed fee, and Duties shall not exceed an amount equal to the sum of [\*\*\*], in the aggregate, provided that (i) Reimbursable Tariffs shall not be subject to such not to exceed aggregate cap, and (ii) Seller has made commercially reasonable efforts to obtain competitive transportation pricing terms and to minimize transportation costs. For

------

*Execution Version* 

the avoidance of doubt, Transportation Costs exclude Reimbursable Tariffs for all purposes of this Agreement.

When (i) the actual amount of Transportation Costs reaches [\*\*\*] of the not to exceed aggregate amount of Transportation Costs set forth above, and (ii) Seller reasonably estimates that the aggregate Transportation Costs may be in excess of the not to exceed amount of Transportation Costs set forth above, then Seller shall notify Buyer and provide an estimate of the remaining Transportation Costs anticipated to complete the deliveries under this Agreement. Buyer will reasonably consider an adjustment to the not to exceed Transportation Costs; provided that any such increase in the Transportation Costs shall be mutually agreed in a Change Order to this Agreement. Buyer hereby agrees to pay the Contract Price to Seller upon completion of the relevant Payment Milestones in accordance with the payment schedule (the "<u>Payment Schedule</u>") set forth in <u>Appendix B</u> (Pricing; Payment Terms & Cancellation Schedule), in consideration for the performance by Seller of its related obligations under the Agreement."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.The first sentence of Clause 9.1 of <u>Appendix A</u> (General Terms & Conditions) to the Agreement is hereby deleted in its entirety and the following is inserted in its place:

"**9.1 Delivery**

Seller shall deliver equipment for each Liquefaction Train DDP the marine offloading facility(ies) adjacent to the Site as designated by Buyer to Seller for the items to be delivered by ocean vessel or barge (Incoterms 2020) and DDP the Site for the items to be delivered by truck (Incoterms 2020); provided that in one or more written communications to Seller, Buyer may direct Seller to deliver any such equipment DDP Morgan City, Assumption Parish, Louisiana (Incoterms 2020) or DDP Amelia, St. Mary's Parish, Louisiana (Incoterms 2020), in which case Seller shall unload and set such equipment on temporary foundations supplied by Seller (collectively, the "<u>Delivery Point</u>")."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.Clause 25.3 of <u>Appendix A</u> (General Terms & Conditions) of the Agreement is hereby amended as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.Clause 25.3(a)(i) of <u>Appendix A</u> to the Agreement is hereby amended by deleting the reference therein to "[\*\*\*]" in its entirety and inserting "[\*\*\*]" in its place.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.Clause 25.3(a)(ii) of <u>Appendix A</u> to the Agreement is hereby amended by deleting the reference therein to "[\*\*\*]" in its entirety and inserting "[\*\*\*]" in its place.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.Clause 25.3(b)(i) of <u>Appendix A</u> to the Agreement is hereby amended by (i) deleting the reference therein to "[\*\*\*]" in its entirety and inserting "[\*\*\*]" in its place, and (ii) deleting the reference therein to "[\*\*\*]" in its entirety and inserting "[\*\*\*]" in its place.

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*Execution Version* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.Clause 25.3(b)(ii) of <u>Appendix A</u> to the Agreement is hereby amended by deleting the reference therein to "[\*\*\*]" in its entirety and inserting "[\*\*\*]" in its place.

**SCOPE:**

This Change Order modifies <u>Appendix C</u> (Scope of Supply & Project Schedule) as set forth below:

[\*\*\*]

**APPENDIX B**

Attached as <u>Exhibit A</u> to this Change Order is a revised version of <u>Appendix B</u> (Pricing; Payment Terms & Cancellation Schedule), which supersedes and replaces the existing <u>Appendix B</u> (Pricing; Payment Terms & Cancellation Schedule) in its entirety.

**PROJECT SCHEDULE:**

This Change Order modifies <u>Annex C-1</u> (LTS Project Schedule) of <u>Appendix C</u> (Scope of Supply & Project Schedule) to the Agreement. Attached as <u>Exhibit B</u> to this Change Order is a revised version of <u>Annex C-1</u> (LTS Project Schedule) of <u>Appendix C</u> (Scope of Supply & Project Schedule) to the Agreement, which supersedes and replaces the existing <u>Annex C-1</u> (LTS Project Schedule) of <u>Appendix C</u> (Scope of Supply & Project Schedule) to the Agreement.

This Change Order shall have no impact on the Project Schedule or the Milestone dates, except as set forth in <u>Exhibit B</u> of this Change Order.

**CONTRACT PRICE:**

---

| | |
|:---|:---|
| The original Contract Price was: | $[\*\*\*] |
| The net adjustment to the Contract Price by previously executed Change Orders is: | $[\*\*\*] |
| The Contract Price prior to this Change Order was: | $[\*\*\*] |

---

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*Execution Version* 

---

| | | |
|:---|:---|:---|
| The Contract Price shall be increased by this Change Order in the amount (the "Change Order Price") of: <br>(comprised of a fixed lump sum amount of $[\*\*\*], with respect to the changes set forth in Scope item 1. above) | &nbsp;&nbsp;&nbsp;&nbsp;$[\*\*\*] | &nbsp;&nbsp;&nbsp;&nbsp;$[\*\*\*] |
| **The adjusted Contract Price, including this Change Order, shall be:** | **$[\*\*\*]** | **$[\*\*\*]** |
| The original fixed fee for transportation was: | The original fixed fee for transportation was: | $[\*\*\*] |
| The net adjustment to the fixed fee by previously executed Change Orders is: | The net adjustment to the fixed fee by previously executed Change Orders is: | $[\*\*\*] |
| The fixed fee prior to this Change Order was: | The fixed fee prior to this Change Order was: | $[\*\*\*] |
| The fixed fee shall be increased by this Change Order in the amount of: | The fixed fee shall be increased by this Change Order in the amount of: | $[\*\*\*] |
| **The adjusted fixed fee for transportation, including this Change Order, shall be:** | **The adjusted fixed fee for transportation, including this Change Order, shall be:** | **$**[\*\*\*] |
| The original not to exceed amount for Transportation Costs was: | The original not to exceed amount for Transportation Costs was: | $[\*\*\*] |
| The net adjustment to the not to exceed amount for Transportation Costs by previously executed Change Orders is: | The net adjustment to the not to exceed amount for Transportation Costs by previously executed Change Orders is: | $[\*\*\*] |
| The adjusted not to exceed amount for Transportation Costs prior to this change order was: | The adjusted not to exceed amount for Transportation Costs prior to this change order was: | $[\*\*\*] |
| The not to exceed amount for Transportation Costs shall be increased by this Change Order in the amount of: | The not to exceed amount for Transportation Costs shall be increased by this Change Order in the amount of: | &nbsp;&nbsp;&nbsp;&nbsp;$[\*\*\*] |
| The adjusted not to exceed amount for Transportation Costs, including this Change Order, shall be: | The adjusted not to exceed amount for Transportation Costs, including this Change Order, shall be: | &nbsp;&nbsp;&nbsp;&nbsp;$[\*\*\*] |

---

***Seller waives any and all rights to claim any payment or any relief for time for the performance of its obligations for the performance of the scope of the changes that are set forth under this Change Order. This Change Order constitutes compensation in full for Seller for all costs and expenses directly or indirectly attributable to the changes set forth herein, for all delays related thereto, and for performance of the changes within the time stated. Notwithstanding the foregoing, such adjusted Contract Price does not include any Buyer Taxes which will be added to such Contract Price in accordance with and subject to the terms of the Agreement.***

All other terms and conditions of the Agreement remain in effect unless specifically modified herein.

[*Signature Page Follows.*]

------

*Execution Version* 

---

| | |
|:---|:---|
| Agreed pursuant to the Agreement by: |  |
| **Baker Hughes Energy Services, LLC** | **Venture Global CP2 LNG, LLC** |
| By: <u>/s/ Edoardo Padeletti&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> | By: <u>/s/ Keith Larson&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> |
| Name:&nbsp;&nbsp;&nbsp;&nbsp; <u>Edoardo Padeleti&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> | Name: <u>Keith Larson&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> |
| Title: &nbsp;&nbsp;&nbsp;&nbsp;<u>VP Commercial & Strategy &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> | Title: <u>General Counsel&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> |
|  | /s/ SSUE |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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*Execution Version* 

**<u>Exhibit A</u>**

**<u>APPENDIX B</u>**

**<u>PRICING, PAYMENT TERMS & CANCELLATION SCHEDULE</u>**

Seller shall not issue more than one (1) invoice (or, following the assignment of the Agreement to the EPC Contractor, two (2) invoices) in any calendar month during the term of the Agreement.

Seller shall not be entitled to invoice for a Payment Milestone until such Payment Milestone has been completed, such invoice shall include reasonable documentation of such completion of the Payment Milestone, including the documentation identified in the Payment Milestone Notes below and as may be further defined between Buyer and Seller during the kickoff meeting. Invoices shall include an affidavit setting forth the amounts paid by Seller to any "Major Subcontractors" under the Agreement in a form reasonably acceptable to Buyer and the Lenders.

In addition to the amounts shown in the Payment Milestone in Section I.B., below, Seller shall be permitted to invoice Buyer for the fixed fee of [\*\*\*] as provided in Clause 7.1 of Appendix A of the Agreement in equal monthly installments in the amount of [\*\*\*] during the first [\*\*\*] of the Payment Schedule following the issuance of FNTP and [\*\*\*] during the [\*\*\*] of the payment schedule following the issuance of FNTP.

The Transportation Costs as defined in <u>Clause 7.1</u> of Appendix A shall not be included in the Aggregate Payment Milestone Cap. Concurrently with the monthly invoice described in the first paragraph of this Appendix B, Seller may submit to Buyer a dedicated monthly invoice for the Transportation Fixed Fee and the Transportation Costs.

Transportation Costs shall be documented by Seller providing to Buyer unredacted copies of purchase orders and other available documentation. Copies of invoices shall be provided as part of the monthly invoice for individual purchase orders or Transportation Costs with a value in excess of $[\*\*\*]. In all other cases, Facility-specific ERP system reports in Excel format will be submitted with the applicable monthly invoice. Transportation Costs shall be certified by the Project Director as part of the applicable monthly invoice.

Concurrently with the monthly invoice described in the first paragraph of this Appendix B, Seller may submit to Buyer a dedicated monthly invoice with respect to any Cameron Parish sales and use taxes that constitute Buyer Taxes. Any such Cameron Parish sales and use taxes shall be documented by Seller providing the list, value, and delivery date of the delivered equipment.

Concurrently with the monthly invoice described in the first paragraph of this Appendix B, Seller may submit to Buyer a dedicated monthly invoice with respect to the Spare Parts. Spare Parts shall be documented by the Seller providing the list of the delivered spare parts and/or other available documentation to the Seller.

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*Execution Version* 

Buyer shall have the right to audit all documentation pertaining to Transportation Costs and taxes on reasonable prior notice to Seller and during normal business hours in order to confirm the accuracy and completeness thereof.

I.<u>Payment Milestones</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Payment Milestones after Buyer's issuance of Pre-LNTP and/or LNTP shall be as indicated in the table below.

---

| | | | |
|:---|:---|:---|:---|
| Type | Milestone<br>N° | Payment Milestone Description | Amount<br>(USD) |
| **[\*\*\*]** | **1** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **1L** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **2** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **3** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **4** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **5** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **6** | [\*\*\*] | **[\*\*\*]** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.Payment Milestones after Buyer's issuance of FNTP shall be as indicated in the table below. The "Fixed" Payment Milestones (as indicated below) are one-time events. The

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*Execution Version* 

"By Train" Payment Milestones (as indicated below) shall occur for each Liquefaction Train.

---

| | | | |
|:---|:---|:---|:---|
| Type | Milestone<br>N° | Milestone Description | Amount<br>(USD) |
| **[\*\*\*]** | **1** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **1L** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **2** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **3** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **4** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **5** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **6** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **7** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **8** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **9** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **10** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **11** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **12** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **13** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **14** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **15** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **16** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **17** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **18** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **19** | [\*\*\*] | **[\*\*\*]** |
| **[\*\*\*]** | **20** | [\*\*\*] | **[\*\*\*]** |

---

------

*Execution Version* 

---

| | | |
|:---|:---|:---|
| **[\*\*\*]** | **21** | [\*\*\*] |
| **[\*\*\*]** | **22** | [\*\*\*] |
| **[\*\*\*]** | **23** | [\*\*\*] |
| **[\*\*\*]** | **24** | [\*\*\*] |
| **[\*\*\*]** | **25** | [\*\*\*] |
| **[\*\*\*]** | **26** | [\*\*\*] |
| **[\*\*\*]** | **27** | [\*\*\*] |
| **[\*\*\*]** | **28** | [\*\*\*] |
| **[\*\*\*]** | **29** | [\*\*\*] |
| **[\*\*\*]** | **30** | [\*\*\*] |
| **[\*\*\*]** | **31** | [\*\*\*] |
| **[\*\*\*]** | **32** | [\*\*\*] |
| **[\*\*\*]** | **33** | [\*\*\*] |
| **[\*\*\*]** | **34** | [\*\*\*] |
| **[\*\*\*]** | **35** | [\*\*\*] |
| **[\*\*\*]** | **36** | [\*\*\*] |
| **[\*\*\*]** | **37** | [\*\*\*] |
| **[\*\*\*]** | **38** | [\*\*\*] |
| **[\*\*\*]** | **39** | [\*\*\*] |
| **[\*\*\*]** | **40** | [\*\*\*] |
| **[\*\*\*]** | **41** | [\*\*\*] |
| **[\*\*\*]** | **42** | [\*\*\*] |
| **[\*\*\*]** | **43** | [\*\*\*] |
| **[\*\*\*]** | **44** | [\*\*\*] |

---

---

| | |
|:---|:---|
| <br> **Payment Milestone Notes** | <br> **Payment Milestone Notes** |
| **1** | [\*\*\*] |
| **2** | [\*\*\*] |
| **3** | [\*\*\*] |
| **4** | [\*\*\*] |
| **5** | [\*\*\*] |
| **6** | [\*\*\*] |
| **7** | [\*\*\*] |
| **8** | [\*\*\*] |

---

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*Execution Version* 

---

| | |
|:---|:---|
| **9** | [\*\*\*] |
| **10** | [\*\*\*] |
| **11** | [\*\*\*] |
| **12** | [\*\*\*] |
| **13** | [\*\*\*] |
| **14** | [\*\*\*] |

---

II.<u>Aggregate Payment Milestone Cap</u>:

The aggregate amount of all Payment Milestones invoiced by Seller as of each month, including all invoices submitted to Buyer in prior months, shall not exceed the amount of the Aggregate Payment Milestone Cap shown in tables below for such month.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.[\*\*\*]

---

| | |
|:---|:---|
| **Month after Issuance of Pre-LNTP or LNTP** | **Aggregate Payment Milestone Cap (by month)** |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.[\*\*\*]

---

| | |
|:---|:---|
| **Month after Issuance of Pre-LNTP or LNTP or FNTP, as applicable** | **Aggregate Payment Milestone Cap (by month)** <br>**after CO#4** |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |

---

------

*Execution Version* 

---

| | |
|:---|:---|
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |

---

------

*Execution Version* 

---

| | |
|:---|:---|
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |

---

III.<u>Termination Fee</u>:

In the event of termination for convenience by Buyer pursuant to Clause 29.1 of Appendix A or a termination by Buyer or Seller, as applicable, if there is no mutual agreement on extending the time for issuance of FNTP pursuant to Clause 6.6 of Appendix A, then the Termination Fee, if any, payable by Buyer shall be determined as follows:

[\*\*\*]

where:

[\*\*\*]

------

*Execution Version* 

---

| | |
|:---|:---|
| **Months after issuance of Pre-LNTP, LNTP or issuance of a Suspension Notice, as Applicable** | **Maximum Termination Fee after CO#4** |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |

---

[\*\*\*]

---

| | |
|:---|:---|
| **Months after issuance of Pre-LNTP, LNTP or FNTP or issuance of a Suspension Notice, as applicable** | **Maximum Termination Fee after CO#4** |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |

---

------

*Execution Version* 

---

| | |
|:---|:---|
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |
| **[\*\*\*]** | [\*\*\*] |

---

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*Execution Version* 

**<u>Exhibit B</u>**

**<u>Annex C-1</u>**

[Omitted]

## Exhibit 31.1

**Exhibit 31.1**

**Certification of Principal Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002**

I, Michael Sabel, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;I have reviewed this Quarterly Report on Form 10-Q of Venture Global, Inc.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the company as of, and for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;The company's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the company and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;Evaluated the effectiveness of the company's disclosure controls and procedures and presented in this report our conclusions about

&nbsp;&nbsp;&nbsp;&nbsp;

------

the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) &nbsp;&nbsp;&nbsp;&nbsp;Disclosed in this report any change in the company's internal control over financial reporting that occurred during the company's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the company's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;The company's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company's auditors and the audit committee of the company's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) &nbsp;&nbsp;&nbsp;&nbsp;All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the company's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) &nbsp;&nbsp;&nbsp;&nbsp;Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: May 11, 2026

---

| |
|:---|
| /s/ Michael Sabel |
| By:&nbsp;&nbsp;&nbsp;&nbsp;Michael Sabel |
| Title:&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer |

---

2&nbsp;&nbsp;&nbsp;&nbsp;

## Exhibit 31.2

**Exhibit 31.2**

**Certification of Principal Financial Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002**

I, Jonathan Thayer, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;I have reviewed this Quarterly Report on Form 10-Q of Venture Global, Inc.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the company as of, and for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;The company's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the company and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;Evaluated the effectiveness of the company's disclosure controls and procedures and presented in this report our conclusions about

&nbsp;&nbsp;&nbsp;&nbsp;

------

the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) &nbsp;&nbsp;&nbsp;&nbsp;Disclosed in this report any change in the company's internal control over financial reporting that occurred during the company's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the company's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;The company's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company's auditors and the audit committee of the company's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) &nbsp;&nbsp;&nbsp;&nbsp;All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the company's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) &nbsp;&nbsp;&nbsp;&nbsp;Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: May 11, 2026

---

| |
|:---|
| /s/ Jonathan Thayer |
| By:&nbsp;&nbsp;&nbsp;&nbsp;Jonathan Thayer |
| Title:&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer |

---

2&nbsp;&nbsp;&nbsp;&nbsp;

## Exhibit 32.1

**Exhibit 32.1**

**Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002**

The certification set forth below is being submitted in connection with the Quarterly Report on Form 10-Q (the "Report") for the purpose of complying with Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange Act of 1934 (the "Exchange Act") and Section 1350 of Chapter 63 of Title 18 of the United States Code.

Michael Sabel, the Chief Executive Officer of Venture Global, Inc., certifies that, to the best of his knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;the Report fully complies with the requirements of Section 13(a) or 15(d) of the Exchange Act; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Venture Global, Inc.

Date: May 11, 2026

---

| |
|:---|
| /s/ Michael Sabel |
| Name:&nbsp;&nbsp;&nbsp;&nbsp;Michael Sabel |
| Chief Executive Officer |

---

&nbsp;&nbsp;&nbsp;&nbsp;

## Exhibit 32.2

**Exhibit 32.2**

**Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002**

The certification set forth below is being submitted in connection with the Quarterly Report on Form 10-Q (the "Report") for the purpose of complying with Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange Act of 1934 (the "Exchange Act") and Section 1350 of Chapter 63 of Title 18 of the United States Code.

Jonathan Thayer, the Chief Financial Officer of Venture Global, Inc., certifies that, to the best of his knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;the Report fully complies with the requirements of Section 13(a) or 15(d) of the Exchange Act; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Venture Global, Inc.

Date: May 11, 2026

---

| |
|:---|
| /s/ Jonathan Thayer |
| Name:&nbsp;&nbsp;&nbsp;&nbsp;Jonathan Thayer |
| Chief Financial Officer |

---

&nbsp;&nbsp;&nbsp;&nbsp;