Document:

Tri-Party Agreement, dated June 24, 2010

 Exhibit 10.6 

TRI-PARTY AGREEMENT 

by and among 

Cheniere Energy Investments, LLC, 

JPMorgan LNG CO., 

and 

Sabine Pass LNG, L.P. 

effective as of 

July 1, 2010 

 TABLE OF CONTENTS 

 

							
	 	  	Page
		
	 ARTICLE I DEFINITIONS
	  	2
				
		  	1.1	  	 Definitions
	  	2
		  	1.2	  	 Construction
	  	4
		
	 ARTICLE II RELATIONSHIP OF THE PARTIES
	  	5
				
		  	2.1	  	 No Joint Venture, Affiliation or Partnership Created
	  	5
		  	2.2	  	 Arm’s-Length Status of Parties
	  	5
		
	 ARTICLE III CREATION OF NEW OR REVISED TERMINAL USE AGREEMENTS
	  	5
				
		  	3.1	  	 Third Party TUAs
	  	5
		  	3.2	  	 Term Purchase TUA
	  	6
		  	3.3	  	 TUA
	  	7
		  	3.4	  	 Exclusivity
	  	7
		
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES
	  	7
				
		  	4.1	  	 Representations of the Parties
	  	7
		
	 ARTICLE V LIMITATION OF LIABILITY; TAXES; SET OFF
	  	9
				
		  	5.1	  	 Limitation of Liability
	  	9
		  	5.2	  	 Taxes
	  	9
		  	5.3	  	 Redirected Payment
	  	9
		
	 ARTICLE VI TERM; SEVERAL OBLIGATIONS
	  	10
				
		  	6.1	  	 Term
	  	10
		  	6.2	  	 Several Obligations
	  	10
		
	 ARTICLE VII GENERAL PROVISIONS
	  	10
				
		  	7.1	  	 Entire Agreement; Amendment; Counterparts
	  	10
		  	7.2	  	 Binding Effect
	  	10
		  	7.3	  	 Assignment
	  	10
		  	7.4	  	 Severability
	  	10
		  	7.5	  	 No Waiver
	  	10
		  	7.6	  	 Publicity
	  	10
		  	7.7	  	 Confidentiality
	  	11
		  	7.8	  	 Notices and Other Communications
	  	11
		  	7.9	  	 Governing Law; Venue
	  	12
		  	7.10	  	 JURY TRIAL WAIVER
	  	12
		  	7.11	  	 Third Parties
	  	12
		  	7.12	  	 Time of Essence
	  	12
		  	7.13	  	 Multiple Counterparts
	  	12
		  	7.14	  	 Headings
	  	12

  

			
	 Exhibit A
	  	 Surrender Agreement

	 Exhibit B
	  	 LNGCo CRA

	 Exhibit C
	  	 LNG Services Agreement

 TRI-PARTY AGREEMENT 

This Tri-Party Agreement (“Agreement”) dated June 24, 2010 and effective as of July 1, 2010
(the “Effective Date”), is by and among Cheniere Energy Investments, LLC, a Delaware limited liability company (“Investments”), JPMorgan LNG Co., a Delaware company (“LNGCo”) and Sabine Pass LNG,
L.P., a Delaware limited partnership (“Sabine”). Investments, LNGCo and Sabine are referred to individually as a “Party” and collectively as the “Parties.” 

WHEREAS, Sabine, LNGCo and CMI were parties to that certain Tri-Party Agreement dated as of March 26, 2010
and effective as of April 1, 2010 (the “Original Agreement”) (i) under which Sabine granted LNGCo the option to enter terminal use agreements in connection with Term Purchase Agreements (as hereinafter defined) and
(ii) that provided procedures among the parties to accommodate new third party terminal use agreements; and 

WHEREAS, pursuant to that certain Surrender of Capacity Rights Agreement (the “Surrender
Agreement”), dated as of March 26, 2010 and effective April 1, 2010, CMI surrendered certain of its rights to utilize Services under the Amended and Restated LNG Terminal Use Agreement by and between CMI and Sabine, dated as of
November 9, 2006, as amended by that certain Amendment of LNG Terminal Use Agreement, dated June 25, 2007 (such agreement as so amended, the “TUA”) to Sabine sufficient to permit Sabine to provide capacity rights granted
to by Sabine to LNGCo pursuant to the LNGCo CRA; and 
 WHEREAS, effective as of April 1, 2010,
LNGCo and CMI entered into an LNG Services Agreement (the “Services Agreement”) under which LNGCo engaged CMI to provide services in connection with LNGCo’s utilization of capacity under the LNGCo CRA (as hereinafter defined)
and to provide certain marketing, scheduling, and other services in connection therewith (on the terms provided and as more fully specified in the Services Agreement, collectively the “Services”); and 

WHEREAS, effective as of the Effective Date, pursuant to that certain Assignment and Assumption Agreement (the
“Assignment Agreement”) among CMI, Investments and Sabine, CMI assigned all of its rights, titles and interests in the Amended and Restated LNG Terminal Use Agreement by and between CMI and Sabine, dated as of November 9, 2006,
as amended by that certain Amendment of LNG Terminal Use Agreement, dated June 25, 2007 (such agreement as so amended, the “TUA”) and the Surrender of Capacity Rights Agreement (the “Surrender Agreement”) dated
as of March 26, 2010 and effective April 1, 2010 to Investments, and Investments accepted such assignment and assumed all of CMI’s obligations accruing under the TUA and the Surrender Agreement on and after the date hereof; and

 WHEREAS, immediately prior hereto, Sabine, LNGCo and CMI terminated the Original Agreement in its
entirety; and 
 WHEREAS, Investments, LNGCo and Sabine wish to enter into this Agreement in order
(i) for Sabine to grant LNGCo an option to enter terminal use agreements in connection with Term Purchase Agreements (as hereinafter defined) and (ii) provide procedures among the parties to accommodate new third party terminal use
agreements. 

 NOW, THEREFORE, in consideration of the mutual agreements and
covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 

ARTICLE I 

DEFINITIONS 

1.1 Definitions. 

“Action” means, with respect to any Person, any outstanding action, order, writ,
injunction, judgment, determination or decree or any claim, suit, litigation, proceeding, appeal, arbitration, mediation, tax audit or governmental investigation of any kind involving such Person or its business. 

“Affiliate” means, in relation to any Person, any entity controlled, directly or
indirectly, by such Person, any entity that controls, directly or indirectly, such Person, or any entity directly or indirectly under common control with such Person. For purposes of this definition, “control” of any Person that is an
entity means ownership of a majority of the voting power of such Person. 
 “Applicable
Law” means any federal, state or local laws (including common law and criminal law), codes, statutes, directives, ordinances, by-laws, regulations, rules, judgments, consent orders, settlements and agreements with Governmental Authorities,
proclamations or delegated or subordinated legislation of any Governmental Authority that are applicable to this Agreement, the LNGCo CRA, the Services Agreement, a Term Purchase TUA, an LNGCo TUA, the transactions contemplated hereby or thereby,
Investments, LNGCo, Sabine or the Services. 
 “Assigned Rights” has the meaning
set forth in Section 5.3. 
 “Business Day” means any day ending at
5:00 p.m. Houston, Texas, Time on which banks are open for commercial business. 

“Cargo Fee” has the meaning set forth in the Services Agreement. 

“Cargo Lock Value” has the meaning set forth in the Services Agreement. 

“CMI” means Cheniere Marketing, LLC, a Delaware limited liability company. 

“Contemplated Transactions” means all of the transactions contemplated by this Agreement.

 “Disclosing Party” has the meaning set forth in Section 7.7.

 “Effective Date” has the meaning set forth in the Preamble. 

“Governmental Authority” means any United States or non-United States federal, national,
supranational, provincial, state, municipal, local or similar government, 
  

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governmental authority, regulatory or administrative agency, governmental commission, department, board, bureau, agency or instrumentality, court, tribunal, arbitrator or arbitral body.

 “Guaranteed Minimum Capacity” shall mean, at any time during the Term, the
greater of (A) the sum of 0.5 Bcf/d of send-out capacity at the Sabine Pass Terminal plus additional send-out capacity at the Sabine Pass Terminal sufficient to accommodate all remaining deliveries to be made to the Sabine Pass Terminal
during the Term under (i) then already executed and effective Term Purchase Agreements and Term Purchase TUAs and (ii) all other executed and effective agreements entered into by CMI that are permitted under the Services Agreement for
delivery of LNG to the Sabine Pass Terminal or (B) the remainder of 2.1 Bcf/d of send-out capacity at the Sabine Pass Terminal minus the amount of send-out capacity sufficient to accommodate all remaining deliveries to be made to the
Sabine Pass Terminal under (i) then executed and effective Third Party TUAs, LNG Purchase Agreements and Term Purchase TUAs and (ii) all other executed and effective agreements entered into by CMI that are permitted under the Services
Agreement for delivery of LNG to the Sabine Pass Terminal. 
 “LNG” means
processed Natural Gas in a liquid state, at or below its boiling point and at a pressure of approximately one (1) atmosphere. 

“LNG Opportunity” means commercial and trading opportunities in the LNG industry.

 “LNG Purchase Agreement” has the meaning set forth in the Services Agreement.

 “LNGCo” means JPMorgan LNG Co., a Delaware company. 

“LNGCo Agreement” means the LNGCo CRA, and any LNGCo TUA, LNG Purchase Agreement or Term
Purchase TUA. 
 “LNGCo CRA” means the Amended and Restated Capacity Rights
Agreement entered into between LNGCo and Sabine attached hereto as Exhibit B. 

“LNGCo TUA” means any terminal use agreement entered into between LNGCo and Sabine
pursuant to the LNGCo CRA. 
 “Natural Gas” or “Gas” means any
hydrocarbon or mixture of hydrocarbons consisting predominantly of methane which is in a gaseous state. 

“Non-Disclosing Party” has the meaning set forth in Section 7.7. 

“Person” means any individual, corporation, partnership, joint venture, association,
joint stock company, trust, unincorporated organization, limited liability company or Governmental Authority or other entity. 
  

 3 

 “OCA” means an Operations Coordination
Agreement entered into among Sabine, Investments, LNGCo and (if applicable) one or more other Persons pursuant to this Agreement and in form and substance reasonably acceptable to all such parties. 

“Representative” means, with respect to any Person, any officer, director, principal,
attorney, employee, agent, consultant, accountant or other representative of such Person. 

“Sabine” means Sabine Pass LNG, L.P., a Delaware limited partnership. 

“Sabine Pass Terminal” has the meaning set forth in the first Whereas clause of this
Agreement. 
 “Services” has the meaning set forth in the fourth Whereas clause
of this Agreement. 
 “Services Agreement” means an LNG Services Agreement, as
amended, entered into between CMI and LNGCo attached hereto as Exhibit C. 

“Surrender Agreement” means the Surrender of Capacity Rights Agreement by and between
Investments (as successor to CMI) and Sabine attached hereto as Exhibit A. 

“Surrender Period” means the period of time equal to the longer of the term of the
Surrender Agreement and the LNGCo CRA. 
 “Term” has the meaning set forth in
Article VI. 
 “Term Purchase Agreement” has the meaning set forth in the
Services Agreement. 
 “Term Purchase TUA” means a terminal use agreement
entered into between LNGCo and Sabine consistent with the terms of Section 3.2 and in form and substance reasonably acceptable to LNGCo and Sabine. 

“Third Party TUAs” has the meaning set forth in Section 3.1. 

“TUA” has the meaning set forth in the first Whereas clause of this Agreement.

 1.2 Construction. 

(a) Unless the context of this Agreement otherwise requires, (i) words of any gender include each other gender,
(ii) words using the singular or plural number also include the plural or singular number, respectively, (iii) the terms “hereof,” “herein,” “hereby” and derivative or similar words refer to this entire
Agreement, (iv) the terms “modified” and “amended” and derivative or similar words shall mean amended, supplemented, waived or otherwise modified, (v) the terms “Article” or “Section” refer to the
specified Article or Section of this Agreement, (vi) the word “including” shall mean “including, without limitation,” whether or not so specified, and (vii) the word “or” shall be disjunctive but not
exclusive. 
  

 4 

 (b) References to agreements and other documents shall be deemed to include
all subsequent modifications thereto or replacements thereof. 
 (c) References to statutes shall include all
regulations promulgated thereunder and references to statutes or regulations shall be construed as including all statutory and regulatory provisions consolidating, amending or replacing the statute or regulation. 

(d) The language used in this Agreement shall be deemed to be the language chosen by the Parties to express their mutual
intent, and no rule of strict construction shall be applied against any Party. 
 (e) Whenever this Agreement
refers to a number of days, such number shall refer to calendar days unless Business Days are specified. 
 ARTICLE II 

 RELATIONSHIP OF THE PARTIES 

2.1 No Joint Venture, Affiliation or Partnership Created. Each of the Parties is an independent contractor.
None of the Parties is a representative, joint venturer, or partner of any of the other Parties, nor an agent of any of the other Parties. Each of the Parties hereby agrees that this Agreement and any and all other agreements, actions and
transactions contemplated hereby and thereby are not intended to create, and shall not be interpreted, construed or deemed to create in any respect, any association, joint venture, co-ownership, co-authorship, or partnership, whether general,
limited or otherwise, between as among any of the Parties, or to impose any partnership fiduciary or other duty, obligation or liability of any kind upon any of the Parties. None of the Parties shall have any right, power or authority to control or
manage the business of any other Party, to execute, authenticate or deliver any contract for or on behalf of or in the name of, or to incur any liability for, or to otherwise bind any other Party. The Parties agree that they are not, and shall not
be, and shall not hold each other out to be, co-employers. No Party shall be entitled to or obligated to share in any profits or losses of any other Party, its business, or to contribute any money or property to any other Party or its business.

 2.2 Arm’s-Length Status of Parties. Each of the Parties is contracting at
arm’s-length and as independent Parties, each of which is agreed to be and shall be fully entitled to act solely in and for its own interest and without any duty or obligation to act in the interest of any of the other Parties; provided
only that each Party assumes the contractual duties and obligations expressly set forth in this Agreement. 
 ARTICLE III 

 CREATION OF NEW OR REVISED TERMINAL USE AGREEMENTS 

3.1 Third Party TUAs. Investments, LNGCo and Sabine hereby agree that there shall be no restriction created
hereunder upon (a) Sabine’s right to enter into new terminal use agreements with third parties or (b) Investments’ right to assign the TUA, subject to LNGCo’s rights under Section 3.1 and Section 3.3
of the LNGCo CRA (collectively, the “Third Party TUAs”); provided, however that (i) each Third Party TUA the capacity for which is provided from the TUA must be executed in conjunction with an OCA in a form
reasonably acceptable to such parties, and (ii) the aggregate Maximum Gas Redelivery Rate under all Third Party TUAs at 
  

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any time during the Surrender Period shall not be greater than the amount equal to (x) two million one hundred thousand (2,100,000) MMBTU per day less (y) the Guaranteed
Minimum Capacity, and (iii) the term of such Third Party TUA shall not be less than two (2) years unless CMI and LNGCo mutually agree otherwise. Within ninety (90) days of Sabine giving Investments and LNGCo notice that it has entered
into a Third Party TUA: 
 (a) If the capacity for such Third Party TUA is provided from the TUA, Investments,
LNGCo and the applicable third party or parties shall enter into an OCA with Sabine for a term equivalent to the Initial Term of the TUA and any Extension Terms, if applicable, in a form reasonably acceptable to such parties; provided,
however, that LNGCo shall only be party to such OCA during the term of the LNGCo CRA, any Term Purchase TUA or any LNGCo TUA; and 

(b) As to any Third Party TUA entered into by Sabine, Investments and Sabine shall amend the TUA in order to
(i) reduce the Maximum LNG Reception Quantity by the amount of the maximum LNG reception quantity in the Third Party TUA, (ii) reduce the Maximum Gas Redelivery Rate by the amount of the maximum gas redelivery rate in the Third Party TUA,
and (iii) if the capacity for such Third Party TUA is provided from the TUA, make Investments’ right to store LNG at the Sabine Pass Terminal subject to the OCA. 

3.2 Term Purchase TUA. If at any time and from time to time during the Term LNGCo enters into a Term
Purchase Agreement that is originated by CMI under the terms of the Services Agreement, LNGCo shall have the option to enter into a new terminal use agreement with Sabine (“Term Purchase TUA”) upon the following terms and
conditions: 
 (a) Upon LNGCo’s exercise of the option to enter into a Term Purchase TUA, LNGCo shall give
written notice to Sabine specifying the Maximum LNG Reception Quantity, Maximum Gas Redelivery Rate and the term for such Term Purchase TUA; 

(b) The Reservation Fee and Operating Fee for the Term Purchase TUA shall be calculated according to one of the following
two options, as elected by LNGCo in writing to the other Parties: (i) an amount equal to the calculation set forth in Part One Article “C” of the CMI TUA, where for the purposes of the calculation of the Operating Fee the
Commercial Start Date shall be deemed to be January 1, 2009; or (ii) a fixed amount that is equivalent to the Cargo Fee (as defined in the Services Agreement), evaluated on a forward basis expressed as a fixed cost in $/MMBTU, and
calculated on a prospective basis at the date of execution of the Term Purchase TUA based on commercially reasonable estimates of forward curves and costs applicable to the purchase of cargoes under the Term Purchase Agreement; provided,
that, in the event LNGCo selects the price option set forth in subclause (ii), (A) the Operating Fee shall be an amount equal to the calculation set forth in Part One Article “C” of the TUA, where for purposes of the
calculation of the Operating Fee the Commercial Start Date shall be deemed to be January 1, 2009 and (B) the remainder of such fixed amount shall be the Reservation Fee. LNGCo’s obligation to pay the reservation fee and operating fee
under the Term Purchase TUA shall be guaranteed by an entity carrying not less than a “AA” credit rating; 
  

 6 

 (c) If not already executed by such Parties, LNGCo and Investments will
enter into an OCA in a form reasonably acceptable to such parties for the term of the Term Purchase TUA; and 

(d) Investments and Sabine shall enter into an amendment of the TUA to (i) reduce the Maximum LNG Reception Quantity
and the Maximum Gas Redelivery Rate for the term of the Term Purchase TUA, such reduction to be equal to the Maximum LNG Reception Quantity and Maximum Gas Redelivery Rate set out in the Term Purchase TUA, and (ii) in the event that LNGCo
selects the price option set forth in Section 3.2(b)(ii), increase the Reservation Fee by an amount such that the sum of the revised reservation fee and the reservation fee under the Term Purchase TUA is equal to the Reservation Fee
existing prior to the amendment; provided, however, that the Maximum Gas Redelivery Rate available to Investments under the TUA will not be reduced (and the Term Purchase TUA may not be entered into if the result would be to reduce the
Maximum Gas Redelivery Rate) below the Guaranteed Minimum Capacity. 
 3.3 TUA. Subject to the
express rights to enter into Third Party TUAs and the right to amend the TUA as permitted by Section 3.1 of this Agreement in connection therewith, Sabine Pass and Investments agree not to amend or modify the TUA or any of the documents
executed in connection therewith in any way which would materially affect LNGCo’s rights under any LNGCo Agreement or which would prohibit or adversely impact the Parties’ ability to perform the Contemplated Transactions. LNGCo is an
intended third party beneficiary of the Surrender Agreement. 
 3.4 Exclusivity. Investments
acknowledges that pursuant to the Services Agreement CMI is obligated to exclusively present LNG Opportunities (if any) to LNGCo for LNGCo’s review and acceptance or rejection as provided therein, subject to the exceptions expressly provided
for in the Services Agreement. Investments agrees for the benefit of LNGCo that during the term of the Services Agreement, if Investments has an LNG Opportunity that CMI would have been obligated to present to LNGCo under the Services Agreement if
CMI had developed such LNG Opportunity, then (a) Investments shall present that LNG Opportunity to CMI for presentation to LNGCo consistent with the provisions of the Services Agreement for presenting LNGCo LNG Opportunities and
(b) Investments will not pursue such LNG Opportunity until such presentation to LNGCo has occurred and LNGCo has declined to pursue such LNGCo Opportunity, as set forth in the Services Agreement. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

4.1 Representations of the Parties. On the Effective Date each Party represents and warrants to the other
Parties that: 
 (a) the representing Party is duly organized, validly existing and in good standing as a
corporation or other entity under the laws of the state of its organization; 
 (b) neither the execution and
delivery by the representing Party of this Agreement, nor the consummation by such Party of any of the transactions under this Agreement requires the 

 

 7 

 
consent or approval or 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 Governmental Authority or
any other Person; 
 (c) the representing Party has the requisite organizational power and authority to, and has
taken all organizational action necessary to, execute and deliver this Agreement to which such Party is intended to be a party, to consummate the Contemplated Transactions and to perform its obligations contained herein and thereunder, as applicable
and no other organizational proceedings on the part of such Party are necessary to authorize this Agreement and the consummation of the Contemplated Transactions; 

(d) this Agreement has been duly executed and delivered by the representing Party. This Agreement and each other
Transaction Document to which such Party is a party is a valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by (i) applicable bankruptcy,
insolvency, moratorium, reorganization or similar laws in effect which affect the enforcement of creditors’ rights generally or (ii) general principles of equity, whether considered in a proceeding at law or in equity; 

(e) none of the execution, delivery and performance of this Agreement, the consummation of the Contemplated Transactions
or compliance with any of the provisions hereof will result in (i) a violation of or a conflict with any provision of the organizational documents of the representing Party, (ii) a violation of, a conflict with, a breach of, or a default
under (with or without notice or passage of time), the termination or acceleration of the performance required by, or the creation of any right of any party to accelerate, modify, terminate or cancel, any material term or provision of any material
contract to which such Party is a party or by which any of its Assets are bound, (iii) a violation or breach in any material respect of any Applicable Law applicable to the representing Party, or (iv) the representing Party being required
to obtain any material consent, waiver, agreement, Permit or approval or material authorization of, or material declaration, filing, notice or registration to or with, or material assignment by, any third party other than a Governmental Authority;

 (f) such Party has all material Permits necessary for (i) the conduct of its business as now being
conducted and as proposed to be conducted as contemplated in this Agreement and (ii) the performance of its obligations under this Agreement, and owns or possesses such Permits free and clear of any material encumbrances. All such Permits are
valid and in full force and effect in all material respects; 
 (g) there is no Action or investigation pending
or, to such Party’s knowledge, threatened against such Party, either in any one instance or in the aggregate, (i) which would be likely to impair materially the ability of such Party to perform under the terms of this Agreement or
(ii) which would materially draw into question the validity of this Agreement; 
 (h) such Party is not in
default with respect to any order or decree of any court or any order, regulation or demand of any Governmental Authority, which default might have consequences that would materially and adversely affect its performance hereunder; and 

 

 8 

 (i) such Party has insurance policies, binders or other forms of insurance
that provide, and during their term have provided, coverage to the extent and in the manner (a) adequate for such Party and its businesses and operations and the risks insured against in connection therewith and (b) as may be or may have
been required by material Applicable Law and by any material contracts to which such Party is or has been a party, except, in either case, as would not have a material adverse effect on such Party. 

ARTICLE V 

LIMITATION OF LIABILITY; TAXES; SET OFF 

5.1 Limitation of Liability. NONE OF THE PARTIES NOR ANY OF THEIR AFFILIATES SHALL BE LIABLE FOR ANY LOSS
OF PROFITS, LOSS OF BUSINESS, LOSS OF USE OR OF DATA, INTERRUPTION OF BUSINESS, OR FOR INDIRECT, SPECIAL, PUNITIVE, EXEMPLARY, INCIDENTAL OR CONSEQUENTIAL DAMAGES OF ANY KIND WHETHER UNDER THIS AGREEMENT OR OTHERWISE IN CONNECTION WITH SUCH
PARTY’S OR ANY OF ITS AFFILIATES’ PERFORMANCE OR NONPERFORMANCE HEREUNDER. 
 5.2 Taxes.
Notwithstanding anything to the contrary contained in this Agreement, no Party shall have any liability for, and no Party shall be obligated to pay for, (i) any property taxes or any sales or use taxes or other excise taxes of any kind or type
applicable to the property of any other Party or any of its Affiliates, (ii) any income, capital gains or similar taxes applicable to any other Party, or (iii) any franchise taxes, business occupation taxes, gross receipts taxes, goods and
services taxes or any other business privilege taxes of any kind or type applicable to any other Party or any of its Affiliates for the privilege of doing business in the jurisdiction of the Governmental Authority imposing the tax. 

5.3 Redirected Payment. LNGCo acknowledges that pursuant to, and subject to the terms of, Section 5.2
of the Services Agreement, CMI has assigned its rights (the “Assigned Rights”) to receive that portion of a the Cargo Lock Value and/or the Cargo Fee attributable to (i) each cargo, if any, of LNG purchased by LNGCo under the
Services Agreement that is delivered to the Sabine Pass Terminal after termination of the VCRA or rejection of the VCRA in a bankruptcy proceeding and (ii) each cargo, if any, of LNG purchased by LNGCo under the Services Agreement that is
delivered to the Sabine Pass Terminal within twenty (20) Business Days prior to the date of termination of the VCRA or rejection of the VCRA in a bankruptcy proceeding and for which LNGCo has not previously paid such portion of the Cargo Lock
Value or the Cargo Fee to CMI with respect to such cargo. LNGCo agrees with Sabine and Investments (i) not to amend the provisions of Section 5.2 of the Services Agreement without the prior written consent of Sabine and Investments and
(ii) that unless prohibited by Applicable Law LNGCo shall honor the assignment provided for in Section 5.2 of the Services Agreement on and after LNGCo receives written notice of the VCRA termination or rejection in a bankruptcy
proceeding. Investments hereby assigns the Assigned Rights to Sabine. The full amount of any such payments made by LNGCo to Sabine shall be set off against and reduce any amount owed or owing by Investments to Sabine under the TUA. 

 

 9 

 ARTICLE VI 

TERM; SEVERAL OBLIGATIONS 

6.1 Term. The term of this Agreement shall be that period of time extending from 9:00 am Central Time in
Houston, Texas, on the Effective Date and continuing until the termination or expiration of the Services Agreement (such period of time being herein called, the “Term”). 

6.2 Several Obligations. The obligation to make payments of the Reservation Fee and the Operating Fee and
any other costs payable to Sabine under the TUA shall remain the sole obligation of Investments and LNGCo shall have no liability for Investments’ failure to make any such payments to Sabine. 

ARTICLE VII 

GENERAL PROVISIONS 

7.1 Entire Agreement; Amendment; Counterparts. This Agreement, the Exhibits hereto and all documents
contemplated hereunder constitute the entire agreement between the Parties with respect to the matters set forth herein and therein and supersede any and all negotiations, agreements, and expressions of intent, written or oral, prior hereto. This
Agreement may be amended only by written agreement executed by the Parties after the Effective Date. This Agreement and any modification hereof may be executed and delivered in counterparts, including by a facsimile transmission thereof, each of
which shall be deemed an original, but all of which together shall constitute a single Agreement. 
 7.2
Binding Effect. This Agreement shall be binding on and inure to the benefit of the Parties and their respective successors and permitted assigns. 

7.3 Assignment. Neither this Agreement nor any of the rights or obligations hereunder may be assigned by
any Party without the prior consent of all other Parties to this Agreement; provided that such consent shall not be unreasonably withheld. 

7.4 Severability. If any term or provision hereof, or the application thereof to any Person or
circumstance, shall to any extent be contrary to any Applicable Law or otherwise invalid or unenforceable, the remainder of this Agreement or the application of such term or provision to Persons or circumstances other than those as to which it is
contrary, invalid or unenforceable shall not be affected thereby and, to the extent consistent with the overall intent hereof as evidenced by this Agreement taken as a whole, shall be enforced to the fullest extent permitted by Applicable Law.

 7.5 No Waiver. No waiver by either Party of any one or more defaults by the other Party in the
performance of any of the provisions of this Agreement shall operate or be construed as a waiver of any other default or defaults whether of a like kind or different nature. 

7.6 Publicity. Each Party, and its Affiliates and their Representatives, shall not issue any press release
regarding the transactions contemplated hereby without the prior approval of, the other Party, in each case such approval not to be unreasonably withheld. Notwithstanding the foregoing, nothing herein shall be deemed to prohibit any Party from
making any disclosure which its counsel deems reasonably necessary in order to fulfill such Party’s or any Affiliate’s obligation under Applicable Law. 

 

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 7.7 Confidentiality. The Parties hereto agree that all
information made available by a Party (“Disclosing Party”) to the other Party (“Non-Disclosing Party”) pursuant this Agreement shall be confidential and shall not be disclosed to any third party, except for such
information: (i) as may be or become generally available to the public, (ii) as may be required or appropriate to be revealed in response to any summons, subpoena, request from a Governmental Authority, or otherwise in connection with any
Action or to comply with any Applicable Law, order, regulation, ruling, regulatory request, accounting disclosure rule or standard, (iii) as may be obtained from a non-confidential source that disclosed such information in a manner that did not
violate its obligations to the Disclosing Party, if any, in making such disclosure, (iv) as may be furnished to the Non-Disclosing Party’s employees, officers, directors, auditors, attorneys, advisors or lenders, or the employees,
officers, directors, auditors, attorneys, advisors or lenders of the Non-Disclosing Party’s Affiliates or agents which are required or instructed to keep the information that is so disclosed in confidence; or (v) as may be disclosed to
Counterparties, the Sabine Pass Terminal as required in connection with providing the Services. The Parties shall be entitled to all remedies available at law or in equity to enforce, or seek relief in connection with, this confidentiality
obligation. The Parties agree, because in certain circumstances, money damages would be an inadequate remedy, that a Party shall be entitled to seek specific performance and injunctive relief as remedies for any breach of this
Section 7.7. This Section 7.7 shall survive for one (1) year following any termination of this Agreement. 

7.8 Notices and Other Communications. All notices and other communications between the Parties shall be in
writing and shall be deemed to have been duly given when (i) delivered in person, (ii) five (5) days after posting in the United States mail having been sent registered or certified mail return receipt requested or
(iii) delivered by telecopy and promptly confirmed by delivery in person or post as aforesaid in each case, with postage prepaid, 

addressed as follows: 
  

			
	 If to Sabine Pass:
	  	 Sabine Pass LNG, L.P

700 Milam Street, Suite 800

Houston, Texas 77002

Phone: 713.375.5000

Fax: 713.375.6160

Attention: Contract Administration

		
	 If to Investments:
	  	 Cheniere Energy Investments, LLC

700 Milam Street, Suite 800

Houston, TX 77002

Phone: 713.375.5000

Fax: 713.375.6160

Attention: Contract Administration

 

 11 

			
	 If to LNGCo:
	  	 JPMorgan LNG Co.

700 Louisiana Street, Suite 1000

Houston, TX 77002

Phone: 713.236.3000

Fax: 713.236.5000

Attention: LEGAL (Contract Administrator)

or to such other address or addresses as the Parties may from time to time designate in writing. 

7.9 Governing Law; Venue. The Parties agree that this Agreement (including any claim or controversy arising
out of or relating to this Agreement) shall be governed by, construed and enforced in accordance with the laws of the State of New York without regard to principles of conflict of laws (whether of the State of New York or any other jurisdiction).

 7.10 JURY TRIAL WAIVER. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT
TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED THEREBY. 

7.11 Third Parties. This Agreement confers no rights, benefits, duties, obligations or liabilities
whatsoever upon any Person other than Sabine, LNGCo and Investments and does not create, and shall not be interpreted as creating, any standard of care, duty or liability to or for the benefit of any Person other than the contractual duties provided
expressly in this Agreement of each Party to the other Party hereto. 
 7.12 Time of Essence. With
regards to all obligations set forth herein, time is of the essence. 
 7.13 Multiple
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. This Agreement and signature pages hereto may be
delivered by telecopy or other electronic or digital transmission method. 
 7.14 Headings. The
headings used for the Articles and Sections herein are for convenience only and shall not affect the meaning or interpretation of the provisions of this Agreement. 

[Signature page follows.] 
  

 12 

 IN WITNESS WHEREOF, the Parties have executed this Agreement and agreed to
be bound hereby. 
  

			
	SABINE PASS LNG, L.P.
		
	By:	 	Sabine Pass LNG-GP, Inc.
		 	its general partner
		
	 By:
	 	 /s/ Meg A. Gentle

	 Name:
	 	 Meg A. Gentle

	 Its:
	 	 Chief Financial Officer

	
	CHENIERE ENERGY INVESTMENTS, LLC
		
	 By:
	 	 /s/ Meg A. Gentle

	 Name:
	 	 Meg A. Gentle

	 Its:
	 	 Chief Financial Officer

	
	JPMORGAN LNG CO.
		
	 By:
	 	 /s/ Patrick Strange

	 Name:
	 	 Patrick Strange

	 Its:
	 	 Managing Director

Signature Page to Tri-Party AgreementSixth Amendment to Credit Agreement

 Exhibit 10.7 

EXECUTION COUNTERPART 

SIXTH AMENDMENT TO 

CREDIT AGREEMENT, SECOND AMENDMENT 

TO SECURITY DEPOSIT AGREEMENT AND CONSENT 

This SIXTH AMENDMENT TO CREDIT AGREEMENT, SECOND AMENDMENT TO SECURITY DEPOSIT AGREEMENT AND CONSENT (this “Amendment and
Consent”) is entered into, as of June 24, 2010, by Cheniere Common Units Holding, LLC, a Delaware limited liability company (the “Borrower”), the Loan Parties, the Lenders party hereto and The Bank of New
York Mellon, as administrative agent (in such capacity and together with its successors, the “Administrative Agent”), as collateral agent (in such capacity and together with its successors, the “Collateral
Agent”) and as depositary agent (in such capacity and together with its successors, the “Depositary Agent”) . 

All capitalized terms used in this Amendment and Consent and not otherwise defined herein have the meanings ascribed to such terms in the
Credit Agreement (as defined below). 
 Preliminary Statements 

A. The Borrower has entered into that certain Credit Agreement, dated as of August 15, 2008, by and among the
Borrower, the Administrative Agent, certain affiliates of the Borrower signatory thereto and the Lenders from time to time party thereto (as amended by that certain First Amendment to Credit Agreement, dated as of September 15, 2008, Second
Amendment to Credit Agreement, dated as of December 31, 2008, Third Amendment to Credit Agreement, dated as of April 3, 2009, Fourth Amendment to Credit Agreement, dated as of April 9, 2009, Amendment No. Four-A to Credit Agreement,
dated as of April 27, 2009, Amendment No. Four-B to Credit Agreement, dated as of April 28, 2009, Amendment No. Four-C to Credit Agreement, dated as of June 23, 2009, Amendment No. Four-D to Credit Agreement, dated as of June 29,
2009, and Fifth Amendment to Credit Agreement, dated as of September 17, 2009, as further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”); 

B. In connection with the Credit Agreement, Holdings, the Collateral Agent and the Depositary Agent have entered into
that certain Security Deposit Agreement dated as of August 15, 2008 (as amended by that certain First Amendment to Security Deposit Agreement dated as of June 19, 2009, as further amended, restated, supplemented or otherwise modified from
time to time, the “Depositary Agreement”); 
 C. CMI intends to assign all of its rights
and obligations under the CMI TUA to Cheniere Energy Investments, LLC; 
 D. The Borrower has notified the
Administrative Agent, the Collateral Agent, the Depositary Agent and the Lenders that it desires to amend the Credit Agreement and the Depositary Agreement to, among other things, (i) permit the amendment of the Management and Administrative
Services Letter Agreement dated March 26 2007 between CQP and Cheniere LNG Terminals (the “Management Services Letter”) in the form of Exhibit A hereto and (ii) cause up to $63,580,000 of the funds held in the TUA
Reserve Account to be used pay all accrued and unpaid interest, all outstanding Permitted Accrued Interest, and the remainder to pay principal of the Loans under the Credit Agreement, all as set forth herein on the terms and conditions set forth
herein; and 

 E. Subject to certain conditions as set forth herein, the Administrative
Agent, the Collateral Agent, the Depositary Agent and the Lenders are willing to agree to the amendments to the Credit Agreement and the Depositary Agreement as set forth herein. 

NOW THEREFORE, in consideration of the premises and the agreements and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Borrower, the Loan Parties, the Administrative Agent, the Collateral Agent, the Depositary Agent and the Lenders, hereby agree as follows: 

 

	1.	 Amendments to Credit Agreement. On the Sixth Amendment Effective Date, the Credit Agreement is amended as follows:

  

	 	1.1.	 Amendments to Section 1.01 (Definitions). 

 

	 	1.1.1.	 Section 1.01 of the Credit Agreement is hereby amended by adding the following new definitions in proper alphabetical sequence:

 “Sixth Amendment” shall mean that certain Sixth Amendment to Credit
Agreement, First Amendment to Depositary Agreement and Consent, dated as of June 24, 2010, among the Borrower, certain affiliates of the Borrower signatory thereto, the Administrative Agent, the Collateral Agent, the Depositary Agent and the
Lenders party thereto. 
 “Sixth Amendment Effective Date” shall mean the date of satisfaction
or waiver by the Lenders of the conditions referred to in Section 5 of the Sixth Amendment. 

“Variable Capacity Rights Agreement” shall mean the Variable Capacity Rights Agreement dated as of
June 24, 2010 between CMI and Cheniere Energy Investments, LLC. 
  

	 	1.1.2.	 The definition of “CEI Threshold” is hereby amended and restated in its entirety to read as follows: 

“        “CEI Threshold” shall mean an amount equal to
$150,000,000, of which no more than $50,000,000 may be utilized for the purposes of issuing Guarantees in respect of obligations not constituting Indebtedness of the Marketing Entities; provided that CEI’s guarantee of CMI’s obligations
under the Variable Capacity Rights Agreement shall not be counted in determining the CEI Threshold. For the avoidance of doubt, the transactions permitted pursuant to Sections 6.01(h), 6.04(d)(X) and 6.10(g)(X) shall not in the aggregate exceed the
amount set forth in the preceding sentence.” 
  

 2 

	 	1.1.3.	 The definition of “CMI TUA” is hereby amended and restated in its entirety to read as follows: 

““CMI TUA” means that certain Amended and Restated LNG Terminal Use Agreement between CMI and
Sabine dated November 9, 2006, as amended by Amendment of LNG Terminal Use Agreement dated January 25, 2007 and as assigned by CMI to Cheniere Energy Investments, LLC pursuant to that certain Assignment and Assumption Agreement dated as of
June 24, 2010 among CMI, Sabine and Cheniere Energy Investments, LLC.” 
  

	 	1.1.4.	 Section 1.01 of the Credit Agreement is further amended by deleting the existing definitions of “Operation Fee” and “Reservation
Fee”. 

  

	 	1.2.	 Amendment to Section 5.11 (Use of Funds in the TUA Reserve Account). Clause (b) and Clause (c) of Section 5.11 of the
Credit Agreement is hereby amended and restated in its entirety to read as follows: 

“(b) [RESERVED].” 

“(c) [RESERVED].” 
  

	 	1.3.	 Amendment to Section 6.06 (Transactions with Affiliates). Section 6.06 of the Credit Agreement is hereby amended by adding the
following at the end thereof: “; provided that the Affiliate transactions contemplated by the Sixth Amendment shall each be permitted hereunder.” 

 

	 	1.4.	 Amendments to Section 6.09 (Amendments or Waivers of Organizational Documents; Intercompany Loans and Management Services Agreements).
Section 6.09 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

“SECTION 6.09. Amendments or Waivers of Organizational Documents; Intercompany Loans and
Management Services Agreements. Without the prior consent of the Required Lenders (i) the Borrower shall not agree to any amendment, restatement, supplement or other modification to, or waiver of, any of its Organizational Documents or the
Global Intercompany Note in a manner adverse to the Secured Parties (ii) Holdings shall not permit CQP GP to amend the CQP Partnership Agreement and (iii) no Loan Party which is a party to a Management Services Agreement will agree to any
amendment to a Management Services Agreement to which it is a party; provided that the Management and Administrative Services Letter Agreement dated March 26, 2007 between CQP and Cheniere LNG Terminals may be amended in the form delivered to
the Administrative Agent in accordance with Section 5.6 of the Sixth Amendment.” 
  

	 	1.5.	 Amendment to Section 6.10 (Restricted Payments). Clause (e) of Section 6.10 of the Credit Agreement is hereby amended and
restated in its entirety to read as follows: 

 “(e) [RESERVED].” 

 

 3 

	 	1.6.	 Amendment to Section 6.14 (Management Services Agreements). Section 6.14 of the Credit Agreement is hereby amended and restated in
its entirety to read as follows: 

 “SECTION 6.14. Management Services
Agreement. CEI will not permit any Loan Party or CQP GP to take any action that would cause a reduction in the payments under, reduce the tenor of or make any other material change to any of the Management Services Agreements; provided that the
Management and Administrative Services Letter Agreement dated March 26, 2007 between CQP and Cheniere LNG Terminals may be amended in the form delivered to the Administrative Agent in accordance with Section 5.6 of the Sixth
Amendment.” 
  

	 	1.7.	 Amendment to Section 6.17 (Distribution Reserve). Section 6.17 of the Credit Agreement is hereby amended and restated in its
entirety to read as follows: 

 “SECTION 6.17. [RESERVED].” 

 

	2.	 Amendments to Depositary Agreement. On the Sixth Amendment Effective Date, the Depositary Agreement is amended as follows:

  

	 	2.1.	 Amendment to Section 1.1 (Defined Terms). The definition of “Financial Officer’s Certificate” is hereby amended and
restated in its entirety to read as follows: 

 ““Financial Officer’s
Certificate” shall mean a certificate from a Financial Officer of Holdings addressed to the Depositary Agent and the Collateral Agent by Holdings and executed by the Financial Officer of Holdings, in form and substance reasonably satisfactory
to the Depositary Agent and the Collateral Agent.” 
  

	 	2.2.	 Amendment to Section 3.1 (Deposits into the TUA Reserve Account). Clause (b) of Section 3.1 of the Depositary Agreement is
hereby amended and restated in its entirety to read as follows: 

 “(b) Disbursements
from the TUA Reserve Account. To the extent that no Event of Default has occurred and is continuing, Holdings may request from time to time disbursements from the Account for general working capital purposes or any other purpose not prohibited
by the Loan Documents. Upon receipt by the Depositary Agent of a completed Withdrawal Certificate in accordance with the foregoing before 12:00 Noon (New York City time) on any Business Day, the Depositary Agent shall make the disbursements as
specified in such Withdrawal Certificate as soon as reasonably practicable, and in any event within five (5) Business Days following receipt of such Withdrawal Certificate.” 

 

	 	2.3.	 Amendment to Section 3.5 (Trigger Event Date). Clause (e)(iii) of Section 3.5 of the Depositary Agreement is hereby amended and
restated in its entirety to read as follows: 

 “(iii) [RESERVED];” 

 

	 	2.4.	 Amendment to Appendix A and Appendix B. Appendix A to the Depositary Agreement is hereby deleted. Appendix B to the Depositary Agreement is
hereby deleted and replaced with the Withdrawal Certificate attached to this Amendment as Appendix 1. 

  

 4 

	3.	 Certain Consents and Limited Waivers to Amendment. On the Sixth Amendment Effective Date, the Lenders (as evidenced by their executed
signature pages hereto) hereby consent to (i) the amendment to the Management Services Letter in the form required by Section 5.6 hereof and (ii) the use of amounts on deposit in the TUA Reserve Account to make the payments set forth
in Section 5.7 hereof. For the avoidance of doubt, in connection with the transactions contemplated by this Amendment and Consent, the Lenders hereby consent to the amendment to the Management Services Letter in the form required by
Section 5.6 hereof notwithstanding any provision in (x) the LNG Entities Guarantee and Collateral Agreement (Crest Entities) to the contrary, including Section 5.12 thereof and (y) the CQP Consent and Agreement (Management
Services Letter Agreement) dated as of August 15, 2008 among Cheniere LNG Terminals, Inc., Cheniere Energy Partners, L.P. and the Collateral Agent, including Section 1(f) thereof. 

 

	4.	 Representations and Warranties. Each Loan Party hereby represents and warrants to the Administrative Agent, the Collateral Agent and the
Lenders (which representations and warranties shall survive the execution and delivery of this Amendment and Consent), as follows: 

  

	 	4.1.	 Absence of Defaults. No event has occurred and is continuing or will result from the consummation of the transactions contemplated by this
Amendment and Consent that would constitute a Default or Event of Default after giving effect to this Amendment and Consent. 

  

	 	4.2.	 Enforceability. This Amendment and Consent has been duly executed and delivered by such Loan Party and constitutes a legal, valid and binding
obligation of such Loan Party enforceable against such Loan Party in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general
principles of equity, regardless of whether considered in a proceeding in equity or at law. 

  

	 	4.3.	 Authorization, No Conflicts. The execution, delivery and performance of this Amendment and Consent by each Loan Party (i) has been duly
authorized by all requisite organizational action of such Person and (ii) will not (A) violate (1) any provision of law, statute, rule or regulation, or of the certificate or articles of incorporation or other constitutive documents
or by-laws of such Person, (2) any order of any Governmental Authority or arbitrator or (3) any provision of any indenture, agreement or other instrument to which such Person is a party or by which it or any of its property is or may be
bound, (B) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under, or give rise to any right to accelerate or to require the prepayment, repurchase or redemption of any
obligation under any such indenture, agreement or other instrument or (C) result in the creation or imposition of any Lien upon or with respect to any property or assets now owned or hereafter acquired by such Person (other than Liens created
under the Security Documents). 

  

	 	4.4.	 Incorporation of Representations and Warranties. The representations and warranties contained in Article III of the Credit Agreement are and
will be true and correct in all 

  

 5 

	 	 
material respects on and as of the date hereof to the same extent as though made on and as of this date, except to the extent such representations and warranties specifically relate to an earlier
date, in which case they were true and correct in all material respects on and as of such earlier date. 

  

	5.	 Effectiveness. The effectiveness of this Amendment and Consent is subject to the satisfaction of each the following conditions precedent:

  

	 	5.1.	 Execution. The Administrative Agent shall have received duly executed and delivered counterparts of this Amendment and Consent that, when
taken together, bear the signatures of the Loan Parties, the Lenders, the Administrative Agent, the Collateral Agent and the Depositary Agent. 

  

	 	5.2.	 Representations and Warranties. The representations and warranties contained herein shall be true and correct in all respects.

  

	 	5.3.	 Necessary Consents. Each Loan Party shall have obtained all material consents necessary or advisable in connection with the transactions
contemplated by this Amendment and Consent. 

  

	 	5.4.	 Fees. All fees and expense reimbursement payable by the Borrower to the Administrative Agent, the Collateral Agent, the Depositary Agent and
the Lenders for which invoices have been presented shall have been paid in full. 

  

	 	5.5.	 CMI TUA. The Administrative Agent shall have received evidence in form and substance satisfactory to the Lenders of the assignment by CMI of
its rights and obligations under the CMI TUA to Cheniere Energy Investments, LLC, such assignment to be in form and substance satisfactory to the Lenders. 

 

	 	5.6.	 Amendment to Management Services Letter. The Administrative Agent shall have received an Officer’s Certificate of the Borrower
certifying that attached thereto is a true, correct and complete copy of a duly executed amendment to the Management Services Letter. Such amendment shall be in form, scope and substance acceptable to the Lenders. 

 

	 	5.7.	 Payment of Permitted Accrued Interest and Principal. Holdings shall have delivered to the Depositary Agent (with a copy to the Administrative
Agent) a duly executed Withdrawal Certificate irrevocably directing that a prepayment of the Loans (together with accrued and unpaid interest thereon) in an amount equal to $63,580,000 be made to the Administrative Agent to be applied, first, to all
accrued and unpaid interest on the Loans to the date of such prepayment, second, to principal of the Loans consisting of Permitted Accrued Interest and, third, to the remaining principal of the Loans (other than principal of the Loans consisting of
Permitted Accrued Interest), in each case, in accordance with the Credit Agreement; provided the provisions of Section 2.08 of the Credit Agreement shall be waived with respect to such payments of principal pursuant to this Section 5.7 in
excess of Permitted Accrued Interest. 

  

 6 

	 	5.8.	 Variable Capacity Rights Agreement. The Administrative Agent shall have received an Officer’s Certificate of the Borrower certifying
that attached thereto is a true, correct and complete copy of the duly executed Variable Capacity Rights Agreement. 

  

	 	5.9.	 Opinion of Counsel. The Lenders shall have received, on behalf of themselves and the Administrative Agent, a favorable written opinion of
Andrews Kurth LLP, counsel to the Borrower, with respect to the enforceability of the Management Services Letter and non-contravention of the Management Services Letter with the CQP Partnership Agreement in form and substance satisfactory to the
Lenders. 

 Notwithstanding anything to the contrary in this Amendment and Consent, each
Lender by delivering its signature page to this Amendment and Consent hereby directs the Agents and the Depositary Agent to execute this Amendment and Consent and shall be deemed to have acknowledged receipt of and consented to and approved the
Amendment and Consent and each other document required hereunder to be approved by any Agent or any Lender, as applicable, on the date such Lender delivers its signature to this Amendment and Consent and each of the Agents and the Depositary Agent
shall be entitled to rely on such confirmation. 
  

	6.	 Reference to and Effect Upon the Loan Documents. 

 

	 	6.1.	 Except as specifically set forth above, the Credit Agreement and each other Loan Document shall remain in full force and effect and is hereby
ratified and confirmed. Except to the extent expressly set forth herein, the execution, delivery and effectiveness of this Amendment and Consent shall not operate as a waiver of any right, power or remedy of Agents or any Lender under the Loan
Documents, or any other document, instrument or agreement executed and/or delivered in connection therewith. 

  

	 	6.2.	 Any reference in any Loan Document to the Credit Agreement shall be a reference to the Credit Agreement as modified by this Amendment and Consent,
and any reference in any Loan Document to any other Loan Document shall be a reference to such referenced Loan Document as modified by this Amendment and Consent. 

 

	 	6.3.	 This Amendment is a Loan Document. The provisions of Section 9.15 of the Credit Agreement shall apply with like effect to this Amendment and
Consent. 

  

	7.	 Further Assurances. Each Loan Party hereby agrees to authorize, execute and deliver all additional instruments, certificates, financing
statements, agreements or documents, and take all such actions as the Administrative Agent, the Collateral Agent, the Depositary Agent or the Lenders may reasonably request for the purposes of implementing or effectuating the provisions of this
Amendment and Consent. 

  

	8.	 Governing Law. THIS AMENDMENT AND CONSENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT
REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF. 

  

 7 

	9.	 Headings. Section headings in this Amendment and Consent are included herein for convenience of reference only and shall not constitute part
of this Amendment and Consent for any other purposes. 

  

	10.	 Counterparts. This Amendment and Consent may be executed by all parties hereto in any number of separate counterparts each of which may be
delivered in original, facsimile or other electronic (e.g., “.pdf”) form, and all of such counterparts taken together constitute one instrument. 

 

	11.	 Severability. In case any one or more of the provisions contained in this Amendment and Consent shall for any reason be held to be invalid,
illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Amendment and Consent shall be construed as if such invalid, illegal, or unenforceable provision had
never been contained herein. 

  

	12.	 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING
RELATING TO THIS AMENDMENT AND CONSENT OR ANY OTHER LOAN DOCUMENTS AND FOR ANY COUNTERCLAIM THEREIN. 

  

	13.	 Final Agreement of the Parties. THIS AMENDMENT AND CONSENT, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT
AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 

[Remainder of this page intentionally left blank] 
  

 8 

			
	 CHENIERE COMMON UNITS HOLDING,

LLC, as Borrower

		
	 By:
	 	         /s/ Graham A.
McArthur

		 	         Name: Graham A. McArthur

		 	         Title: Treasurer

	
	 CHENIERE CORPUS CHRISTI PIPELINE,

L.P., as a Loan Party

		
	 By:
	 	         /s/ Graham A.
McArthur

		 	         Name: Graham A. McArthur

		 	         Title: Treasurer

	
	 CHENIERE CREOLE TRAIL PIPELINE, L.P.,

as a Loan Party

		
	 By:
	 	         /s/ Graham A.
McArthur

		 	         Name: Graham A. McArthur

		 	         Title: Treasurer

	
	 CHENIERE ENERGY OPERATING CO.,

INC., as a Loan Party

		
	 By:
	 	         /s/ Graham A.
McArthur

		 	         Name: Graham A. McArthur

		 	         Title: Treasurer

	
	 CHENIERE MIDSTREAM HOLDINGS, INC.,

as a Loan Party

		
	 By:
	 	         /s/ Graham A.
McArthur

		 	         Name: Graham A. McArthur

		 	         Title: Treasurer

Signature Page to Sixth Amendment 

			
	 CHENIERE PIPELINE COMPANY, as a Loan

Party

		
	 By:
	 	         /s/ Graham A.
McArthur

		 	         Name: Graham A. McArthur

		 	         Title: Treasurer

	
	 CHENIERE PIPELINE GP INTERESTS, LLC,

as a Loan Party

		
	 By:
	 	         /s/ Graham A.
McArthur

		 	         Name: Graham A. McArthur

		 	         Title: Treasurer

	
	 CHENIERE SOUTHERN TRAIL GP, INC., as a

Loan Party

		
	 By:
	 	         /s/ Graham A.
McArthur

		 	         Name: Graham A. McArthur

		 	         Title: Treasurer

	
	 CHENIERE SOUTHERN TRAIL PIPELINE,

L.P., as a Loan Party

		
	 By:
	 	         /s/ Graham A.
McArthur

		 	         Name: Graham A. McArthur

		 	         Title: Treasurer

	
	 GRAND CHENIERE PIPELINE, LLC, as a

Loan Party

		
	 By:
	 	         /s/ Graham A.
McArthur

		 	         Name: Graham A. McArthur

		 	         Title: Treasurer

Signature Page to Sixth Amendment 

			
	 CHENIERE ENERGY SHARED SERVICES,

INC., as a Loan Party

		
	 By:
	 	         /s/ Graham A.
McArthur

		 	         Name: Graham A. McArthur

		 	         Title: Treasurer

	
	 CHENIERE ENERGY, INC., as a Loan Party

		
	 By:
	 	         /s/ Graham A.
McArthur

		 	         Name: Graham A. McArthur

		 	         Title: Treasurer

	
	 CHENIERE LNG HOLDINGS, LLC, as a Loan

Party

		
	 By:
	 	         /s/ Graham A.
McArthur

		 	         Name: Graham A. McArthur

		 	         Title: Treasurer

	
	 CHENIERE LNG O&M SERVICES, LLC, as a

Loan Party

		
	 By:
	 	         /s/ Graham A.
McArthur

		 	         Name: Graham A. McArthur

		 	         Title: Treasurer

	
	 CHENIERE LNG TERMINALS, INC., as a Loan

Party

		
	 By:
	 	         /s/ Graham A.
McArthur

		 	         Name: Graham A. McArthur

		 	         Title: Treasurer

Signature Page to Sixth Amendment 

			
	 CHENIERE LNG, INC., as a Loan Party

		
	 By:
	 	         /s/ Graham A.
McArthur

		 	         Name: Graham A. McArthur

		 	         Title: Treasurer

Signature Page to Sixth Amendment 

			
	LENDERS:
	
	 GSO SPECIAL SITUATIONS FUND LP, as a

Lender

	
	By: GSO Capital Partners LP, its investment advisor
		
	By:	 	 /s/ Marisa Beeney

	Name:	 	Marisa Beeney
	Title:	 	Authorized Signatory
	
	GSO COF FACILITY LLC, as a Lender
	
	By: GSO Capital Partners LP, as Portfolio Manager
		
	By:	 	 /s/ Marisa Beeney

	Name:	 	Marisa Beeney
	Title:	 	Authorized Signatory
	
	 GSO SPECIAL SITUATIONS OVERSEAS

MASTER FUND LTD, as a Lender

	
	By: GSO Capital Partners LP, its investment advisor
		
	By:	 	 /s/ Marisa Beeney

	Name:	 	Marisa Beeney
	Title:	 	Authorized Signatory

 Signature Page
to Sixth Amendment 

			
	HECKBERT 21 GROUP FINANCING LIMITED LIABILITY COMPANY, BUDAPEST (HU), ZURICH BRANCH, as a Lender
		
	By:	 	 /s/ Weisz Adrienn

	Name:	 	Weisz Adrienn
	Title:	 	Branch Manager
	
	BLACKSTONE DISTRESSED SECURITIES FUND L.P., as a Lender
	
	By: Blackstone Distressed Securities Advisors L.P., its investment manager
		
	By:	 	 /s/ Marisa Beeney

	Name:	 	Marisa Beeney
	Title:	 	Authorized Signatory
	
	INVESTMENT PARTNERS II (A), LLC, as a Lender
	
	By: Blackrock Financial Management, Inc., its investment manager
		
	By:	 	 /s/ Mark Everitt

	Name:	 	Mark Everitt
	Title:	 	Managing Director
		
	By:	 	 /s/ Marie Bender

	Name:	 	Marie Bender
	Title:	 	Managing Director
	
	SCORPION CAPITAL PARTNERS, LP
	
	By: Scorpion GP, LLC
		
	By:	 	 /s/ Kevin McCarthy

	Name:	 	Kevin McCarthy
	Title	 	Manager

 Signature Page to Sixth
Amendment 

			
	THE BANK OF NEW YORK MELLON, as Administrative Agent and Collateral Agent
		
	By:	 	 /s/ Tracey Buckley

	Name:	 	Tracey Buckley
	Title:	 	Vice President
	
	THE BANK OF NEW YORK MELLON, as Depositary Agent
		
	By:	 	 /s/ Beata Harvin

	Name:	 	Beata Harvin
	Title:	 	Vice President

 Signature Page to
Sixth Amendment 

 APPENDIX 1 

TO THE AMENDMENT AND CONSENT 

[FORM OF WITHDRAWAL CERTIFICATE TO DEPOSITARY AGREEMENT] 

Appendix B to 

Security Deposit Agreement 

FORM OF WITHDRAWAL CERTIFICATE 

WITHDRAWAL CERTIFICATE 
 Date of
Certificate:
[                                        ]

 The Bank of New York Mellon 
 as
Depositary Agent 
 101 Barclay Street, 8 W 

New York, NY 10286 
 Attn: Corporate Trust
Administration 
 Fax: (212) 815-5707 

The Bank of New York Mellon 
 as Collateral
Agent 
 600 East Las Colinas Blvd. Suite 1300 

Irving, TX 75039 
 Attention: Melinda Valentine,
Vice President 
 Fax: (972) 401-8555 

Re: SECURITY DEPOSIT AGREEMENT (as amended, supplemented or otherwise modified from time to time, the
“Agreement”) dated as of August 15, 2008, by and among Cheniere LNG Holdings, LLC, a Delaware limited liability company (“Holdings”), The Bank of New York Mellon, a New
York banking corporation, in its capacity as the Collateral Agent, and The Bank of New York Mellon, in its capacity as the Depositary Agent. 

Ladies and Gentlemen: 

I,
[                                        
], am an authorized officer of Holdings and am delivering this certificate (this “Withdrawal Certificate”) pursuant to Section 3.1(b) of the Agreement. Capitalized terms used and not otherwise
defined herein shall have the meanings assigned thereto in the Agreement. On behalf of Holdings, I hereby certify to the Depositary Agent and the Collateral Agent that I am authorized to execute this Withdrawal Certificate and, as of the date
hereof, that: 
  

	 	1.	 No Event of Default has occurred and is continuing under the Loan Documents. 

	 	2.	 The following transfers are requested to be made from the Account as set forth in greater detail in the attached Schedule I.

  

	 	3.	 Set forth on Schedule I attached hereto is the name of each Person to whom any payment is to be made, a summary description of the purposes (if
other than for general working capital purposes) for which each payment was or is to be made and payment instructions therefore. 

  

	 	4.	 Each instruction made herein is given in accordance with the terms of the Agreement and each transfer or disbursement requested hereunder is
permitted pursuant to the terms of the Loan Documents. 

 [Signature page follows.] 

 IN WITNESS WHEREOF, the undersigned, a duly authorized officer of Holdings,
sets his or her name to this Withdrawal Certificate as of the date first written above. 
  

			
	CHENIERE LNG HOLDINGS, LLC
		
	 By:
	 	  

		 	 Name:

		 	 Title:

 Schedule I to 

Withdrawal Certificate 

Payments, Transfers, and Application of TUA Reserve Account 

Withdrawal/Transfers to be made by Depositary Agent from the TUA Reserve Account 

 

									
	 Transfer Date
	  	Payee and Purpose (if
other 
than for general
working capital
purposes)	  	Wiring or Other 
Payment
Instructions	  	Amount	 
		  		  		  	$	[                    	] 
		  		  		  	$	[                    	] 
		  		  		  	$	[                    	] 
	[Insert additional rows as necessary]	  		  		  	$	[                    	] 
	Total:	  	$	[                    	]

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