Document:

Exhibit 10.16

 

Date [●] 2014

 

GASLOG LTD.

as Lender

 

-and-

 

GASLOG PARTNERS LP 

as Borrower

 

 

FORM OF LOAN AGREEMENT

 

 

relating to

a $30,000,000 unsecured revolving
credit facility

    	 

    	

    

INDEX

 

	Clause	 	Page
	 	 	 
	1.	INTERPRETATION	1
	 	 	 
	2.	FACILITY	2
	 	 	 
	3.	DRAWDOWN	2
	 	 	 
	4.	INTEREST AND FEES	3
	 	 	 
	5.	REPAYMENT, PREPAYMENT AND CANCELLATION	4
	 	 	 
	6.	CONDITIONS PRECEDENT	5
	 	 	 
	7.	REPRESENTATIONS AND WARRANTIES	5
	 	 	 
	8.	UNDERTAKINGS	6
	 	 	 
	9.	PAYMENTS AND CALCULATIONS	6
	 	 	 
	10.	EVENTS OF DEFAULT	6
	 	 	 
	11.	COSTS	8
	 	 	 
	12.	INDEMNITIES	8
	 	 	 
	13.	NO SET-OFF OR TAX DEDUCTION	9
	 	 	 
	14.	ILLEGALITY	10
	 	 	 
	15.	TRANSFERS	10
	 	 	 
	16.	NOTICES	11
	 	 	 
	17.	SUPPLEMENTAL	11
	 	 	 
	18.	LAW AND JURISDICTION	12
	 	 	 
	SCHEDULE 1 DRAWDOWN NOTICE	14

    	 

    	

    

THIS AGREEMENT is made on [●] 2014

 

BETWEEN

 

		(1)	GASLOG LTD., a company incorporated in Bermuda whose registered office is at Clarendon House, 2 Church Street, Hamilton,
HM 11, Bermuda (the “Lender”); and

 

		(2)	GASLOG PARTNERS LP, a limited partnership formed in the Marshall Islands whose registered office is at Trust Company
Complex, Ajeltake Island, Ajeltake Road, Majuro, Marshall Islands MH96960 (the “Borrower)”.

 

IT IS AGREED as follows:

 

		1.	INTERPRETATION

 

		1.1.	Definitions. In this Agreement:

 

“Advance” means the principal
amount of each borrowing by the Borrower under this Agreement;

 

“Availability Period”
means the period commencing on the date of this Agreement and ending on:

 

		(a)	the date falling 36 months after the date of this Agreement (or such later date as the Lender may agree with the Borrower);
or

 

		(b)	if earlier, the date on which the Commitment is fully cancelled or terminated;

 

“Available Commitment”
means, at any time during the Availability Period, the Commitment less the amount of the Loan at that time;

 

“Business Day” means
a day on which banks are open in London and, in respect of a day on which a payment is required to be made under this Agreement,
also in New York City;

 

“Commitment” means $30,000,000
as that amount may be reduced, cancelled or terminated in accordance with this Agreement;

 

“Dollars” and “$”
means the lawful currency for the time being of the United States of America;

 

“Drawdown Date” means,
in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date
on which the Advance is actually made;

 

“Drawdown Notice” means
a notice in the form set out in Schedule 1 (or in any other form approved by the Lender);

 

“Event of Default” means
any of the events or circumstances described in Clause 10.1;

    	 

    	

    

“IPO” means the initial
public offering of units in the Borrower to be effected with the New York Stock Exchange (NYSE);

 

“Loan” means the aggregate
principal amount for the time being outstanding under this Agreement;

 

“Quarterly Payment Date”
means the last day of March, June, September and December.

 

“Repayment Date” means,
in relation to an Advance, the date falling 6 months after the Drawdown Date for that Advance or, if earlier, the Termination Date;
and

 

“Termination Date” means
the date falling 36 months after the date of this Agreement.

 

		1.2.	Clause references. References in this Agreement to Clauses are, unless otherwise specified, references to clauses of
this Agreement.

 

		1.3.	References to persons. References to “person” or “persons” or to words importing
persons include, without limitation, individuals, firms, corporations, government agencies, committees, departments, authorities
and other bodies, incorporated or unincorporated, whether having distinct legal personality or not.

 

		1.4.	Clause headings. Clause headings are for ease of reference only.

 

		2.	FACILITY

 

		2.1.	Amount of facility. Subject to the other provisions of this Agreement, the Lender shall make a revolving credit facility
not exceeding $30,000,000 available to the Borrower.

 

		2.2.	Purpose of facility. The Borrower undertakes to use each Advance for general partnership purposes.

 

		3.	DRAWDOWN

 

		3.1.	Request for Advance. Subject to the following conditions, the Borrower may request an Advance to be made by ensuring
that the Lender receives a completed Drawdown Notice not later than 11.00 a.m. (London time) 3 Business Days prior to the intended
Drawdown Date.

 

		3.2.	Availability. The conditions referred to in Clause 3.1 are that:

 

		(a)	a Drawdown Date has to be a Business Day during the Availability Period;

 

		(b)	the amount of an Advance shall be at least $2,000,000 and in multiples of $1,000,000 in excess thereof and shall not exceed
the Available Commitment; and

    	2

    	

    

		(c)	the aggregate amount of the Advances outstanding shall not exceed the Commitment.

 

		3.3.	Drawdown Notice irrevocable. A Drawdown Notice must be signed by an officer of the Borrower; and once served, a Drawdown
Notice cannot be revoked without the prior consent of the Lender.

 

		3.4.	Disbursement of Advance. Subject to the provisions of this Agreement, the Lender shall on each Drawdown Date make each
Advance to the Borrower; and payment to the Borrower shall be made to the account which the Borrower specifies in the Drawdown
Notice.

 

		4.	INTEREST AND FEES

 

		4.1.	Interest on Advances for the first year. From [●] 2014 until [●], 2015, each Advance shall accrue interest
at a rate of 5% per annum.

 

		4.2.	Interest on Advances after the first year. Starting on [●], 2015, each Advance shall accrue interest at a rate
of 6% per annum (including any Advance outstanding on such date).

 

		4.3.	Interest payment date. The Borrower shall pay interest due and payable on the Advances in arrears on each Quarterly
Payment Date.

 

		4.4.	Computation of interest. All computations of interest shall be made by the Lender on the basis of a year of 360 days
consisting of twelve 30 day months. Each determination by the Lender of an interest amount hereunder shall, except for manifest
error, be final, conclusive and binding for all purposes.

 

		4.5.	Payment of default interest on overdue amounts. The Borrower shall pay interest in accordance with the provisions of
Clause 4.6 to 4.9 on any amount payable by the Borrower under this Agreement which the Lender does not receive on or before the
Termination Date, the applicable Quarterly Payment Date or, if immediately due and payable under this Agreement, the date on which
it became immediately due and payable.

 

		4.6.	Default rate of interest. Interest shall accrue on an overdue amount (and any unpaid interest with respect thereto)
from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate of 2% per
annum.

 

		4.7.	Payment of accrued default interest. Subject to the other provisions of this Agreement, any interest due under Clause
4.5 shall be paid on the last day of the period by reference to which it was determined.

 

		4.8.	Basis for calculation of default interest. Default interest shall accrue from day to day and shall be calculated on
the basis of the actual number of days elapsed and a 360 day year consisting of twelve 30 day months.

    	3

    	

    

		4.9.	Compounding of default interest. Any such interest which is not paid at the end of the period by reference to which
it was determined shall thereupon be compounded.

 

		4.10.	Fees. Starting on [●], 2015, the Borrower shall pay to the Lender, quarterly in arrears on each Quarterly Payment
Date an unused commitment fee at the rate of 2.4% per annum of the difference between (x) the Commitment and (y) the average daily
outstanding amount of the Loan during the immediately preceding calendar quarter (or other applicable shorter period).

 

		4.11.	Notice of cancelation. The Borrower shall have the right at any time to immediately and irrevocably reduce the Commitment
in part (in multiples of $1,000,000) or in whole by written notice to the Lender.

 

		5.	REPAYMENT, PREPAYMENT AND CANCELLATION

 

		5.1.	Repayment Date for each Advance. Each Advance shall be repaid in full on the Repayment Date applicable to it.

 

		5.2.	Deemed repayment. In respect of an Advance, if no repayment is made on the Repayment Date for that Advance then the
Advance shall be deemed to have been repaid by a further Advance in the same amount which shall be deemed to have been drawn down
on the Repayment Date for the original Advance. For the avoidance of doubt, this Clause only applies in respect of amounts due
on Repayment Dates and not in respect of amounts due on the Termination Date.

 

		5.3.	Additional payments on Termination Date. On the Termination Date, the Borrower shall repay any Advance then outstanding
in full and shall additionally pay to the Lender all other sums, if any, then owing or accrued under this Agreement, including
any accrued but unpaid interest.

 

		5.4.	Voluntary prepayment. The Borrower may at any time prepay in whole or in part any Advance on giving at least 13 days
prior written notice to the Lender.

 

		5.5.	Effect of notice of prepayment. A prepayment notice may not be withdrawn or amended without the consent of the Lender
and the amount specified in the prepayment notice shall become due and payable by the Borrower on the date for prepayment specified
in the prepayment notice.

 

		5.6.	Amounts payable on prepayment. A prepayment shall be made together with any amount payable under Clause 12 or otherwise
under this Agreement in respect of the amount prepaid.

 

		5.7.	Reborrowing permitted. Subject to the terms of this Agreement, any amount repaid or prepaid may be reborrowed.

    	4

    	

    

		6.	CONDITIONS PRECEDENT

 

		6.1.	Conditions. The Lender’s obligation to make an Advance is subject to the following conditions precedent:

 

		(a)	that, on or before the service of the first Drawdown Notice, the IPO shall have taken place;

 

		(b)	that, on the Drawdown Date, the representations and warranties of the Borrower herein are accurate; and

 

		(c)	that, on the Drawdown Date, but prior to the making of the Advance, no Event of Default has occurred and is continuing or would
result from the borrowing of the Advance.

 

		7.	REPRESENTATIONS AND WARRANTIES

 

		7.1.	Borrower’s representations and warranties. The Borrower represents and warrants to the Lender that the following
statements are, at the date hereof and on any Drawdown Date, true and accurate:

 

		(a)	it is duly formed under the laws of the Republic of the Marshall Islands and has full power and authority to enter into and
perform its obligations under this Agreement;

 

		(b)	the execution, delivery and performance of this Agreement:

 

		(i)	have been duly authorized by all necessary limited partnership action on its part; and

 

		(ii)	do not contravene any applicable law, regulation or order binding on it or any of its assets or its constitutional documents;

 

		(c)	neither the execution, delivery and performance by it of this Agreement require the consent or approval of, the giving of notice
to, the registration with, or the taking of any other action in respect of, any relevant governmental authority or agency, except
such as have been obtained and are in full force and effect; and

 

		(d)	this Agreement constitutes its legal, valid and binding obligations.

 

		7.2.	Survival of representations and warranties. The representations and warranties given in this Clause 7 shall survive
the execution of this Agreement.

    	5

    	

    

		8.	UNDERTAKINGS

 

		8.1.	General. The Borrower undertakes with the Lender to comply with the following provisions of this Clause 8 at all times
whilst it has any outstanding obligations or liabilities under this Agreement, except as the Lender may otherwise permit.

 

		8.2.	Notification of Event of Default. The Borrower will promptly inform the Lender of any event which constitutes or may
constitute an Event of Default or which may adversely affect the Borrower’s ability to perform its obligations under this
Agreement.

 

		8.3.	Information. The Borrower will deliver to the Lender such financial or other information in respect of its business
and financial status as the Lender may reasonably require including, but not limited to, copies of its unaudited quarterly financial
statements and of its audited annual financial statements.

 

		9.	PAYMENTS AND CALCULATIONS

 

		9.1.	Currency and method of payments. All payments to be made by the Borrower to the Lender under this Agreement shall be
made to the Lender:

 

		(a)	by not later than 11.00 a.m. (New York City time) on the due date;

 

		(b)	in same day Dollar funds; and

 

		(c)	to such account of the Lender as the Lender may from time to time notify to the Borrower.

 

		9.2.	Payment on non-Business Day. If any payment by the Borrower under this Agreement would otherwise fall due on a day which
is not a Business Day:

 

		(a)	the due date shall be extended to the next succeeding Business Day; or

 

		(b)	if the next succeeding Business Day falls in the next calendar month, the due date shall be brought forward to the immediately
preceding Business Day.

 

		10.	EVENTS OF DEFAULT

 

		10.1.	Events of Default. An Event of Default occurs if:

 

		(a)	the Borrower fails to pay when due any sum payable under this Agreement unless such failure is due to a technical breakdown
or communication error in which case the Borrower shall rectify such non-payment within 3 Business Days of it having been notified
of the missed payment by the Lender; or

    	6

    	

    

		(b)	any breach by the Borrower occurs of any provision of this Agreement (other than a breach covered by paragraph (a)) which,
in the opinion of the Lender, is capable of remedy and which continues unremedied 10 Business Days after receipt by the Borrower
of a written request from the Lender that the breach be remedied; or

 

		(c)	any information given by the Borrower to the Lender in relation to this Agreement proves to be misleading or materially inaccurate
or incorrect when made; or

 

		(d)	any other loan, guarantee or other obligation of the Borrower exceeding $10,000,000 is declared by the relevant creditor or
creditors due prematurely due to a default, to non-payment or any security in respect thereof becomes enforceable; or

 

		(e)	a lien, arrest, distress or similar event is levied upon or against any substantial part of the assets of the Borrower which
is not discharged or disputed in good faith within 10 Business Days after the Borrower has become aware of the same; or

 

		(f)	a substantial part of the Borrower’s business or assets is destroyed, abandoned, seized, appropriated or forfeited for
any reason; or

 

		(g)	any order shall be made by any competent court or resolution passed by the Borrower for the appointment of a liquidator, administrator
or receiver of, or for the winding-up of, the Borrower; or

 

		(h)	an encumbrancer takes possession of or a receiver is appointed of the whole or, in the opinion of the Lender, any material
part of the assets of the Borrower or a distress, execution or other process is levied or enforced upon or sued out against the
whole or, in the opinion of the Lender, a material part of the assets of the Borrower; or

 

		(i)	the Borrower shall stop payment or shall be unable to, or shall admit inability to, pay its debts as they fall due, or shall
be adjudicated or found bankrupt or insolvent, or shall enter into any composition or other arrangement with its creditors generally;
or

 

		(j)	any event shall occur which under the law of any jurisdiction to which the Borrower is subject has an effect equivalent or
similar to any of the events referred to in Clause 10.1(c), (d) or (e); or

 

		(k)	the Borrower ceases or suspends or threatens to cease or suspend the carrying on of its business or a part of its business
or disposes of or threatens to dispose of a substantial part of its business or assets which, in the opinion of the Lender, is
material in the context of this Agreement; or

    	7

    	

    

		(l)	it becomes unlawful for the Borrower to fulfill its obligations under this Agreement; or

 

		(m)	GasLog Partners GP LLC ceases to be the General Partner of the Borrower; or

 

		(n)	the constitutional documents of the Borrower are amended or varied in any way which is, in the reasonable opinion of the Lender,
adverse to its interests in connection with this Agreement.

 

		10.2.	Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may:

 

		(a)	serve on the Borrower a notice stating that all obligations of the Lender to the Borrower under this Agreement are cancelled;
or

 

		(b)	serve on the Borrower a notice stating that the Loan, any accrued interest and all other amounts owing under this Agreement
are immediately due and payable or are due and payable on demand; or

 

		(c)	take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b), the Lender
is entitled to take under this Agreement or any applicable law.

 

		10.3.	Termination of obligations. On the service of a notice under Clause 10.2(a), all the obligations of the Lender to the
Borrower under this Agreement shall terminate.

 

		10.4.	Acceleration of Loan. On the service of a notice under Clause 10.2(b), the Loan and all other amounts accrued or owing
from the Borrower under this Agreement shall become immediately due and payable or, as the case may be, payable on demand.

 

		11.	COSTS

 

		11.1.	Costs. The Borrower shall pay all reasonable costs incurred by the Lender in connection with the preparation of this
Agreement and any and all other costs incurred by the Lender in connection with the facility provided pursuant to this Agreement.

 

		12.	INDEMNITIES

 

		12.1.	Indemnities regarding the borrowing and repayment of Loan. The Borrower shall fully indemnify the Lender on its demand
in respect of all claims, expenses, liabilities and losses which are made or brought against or incurred by the Lender, or which
the Lender reasonably and with due diligence estimates that it will incur, as a result of or in connection with:

    	8

    	

    

		(a)	an Advance not being borrowed on the date specified in the Drawdown Notice for any reason other than a default by the Lender;

 

		(b)	the receipt or recovery of all or any part of the Loan or an overdue sum otherwise than on a Repayment Date or the Termination
Date or other relevant date;

 

		(c)	any failure (for whatever reason) by the Borrower to make payment of any amount due under this Agreement on the due date or,
if so payable, on demand; and

 

		(d)	the occurrence of an Event of Default and/or the acceleration of repayment of the Loan under Clause 10,

 

and in respect of any tax (other than tax on its overall
net income) for which the Lender is liable in connection with any amount paid or payable to the Lender (whether for its own account
or otherwise) under this Agreement.

 

		12.2.	Breakage costs. Without limiting its generality, Clause 12.1 covers any claim, expense, liability or loss, including
a loss of a prospective profit, incurred by the Lender in liquidating or employing deposits from third parties acquired or arranged
to fund or maintain all or any part of the Loan and/or any overdue amount (or an aggregate amount which includes the Loan or any
overdue amount).

 

		13.	NO SET-OFF OR TAX DEDUCTION

 

		13.1.	No deductions. All amounts due from the Borrower under this Agreement shall be paid:

 

		(a)	without any form of set-off, cross-claim or condition; and

 

		(b)	free and clear of any tax deduction except a tax deduction which the Borrower is required by law to make.

 

		13.2.	Grossing-up for taxes. If the Borrower is required by law to make a tax deduction from any payment:

 

		(a)	the Borrower shall notify the Lender as soon as it becomes aware of the requirement;

 

		(b)	the Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or
penalty arises; and

 

		(c)	the amount due in respect of the payment shall be increased by the amount necessary to ensure that the Lender receives and
retains (free from any liability relating to the tax deduction) a net amount which, after the tax

    	9

    	

    

deduction, is equal to the full
amount which it would otherwise have received.

 

		13.3.	Exclusion of tax on overall net income. In this Clause 13 “tax deduction” means any deduction or
withholding for or on account of any present or future tax except tax on the Lender’s overall net income.

 

		14.	ILLEGALITY

 

		14.1.	Illegality. This Clause 14 applies if the Lender notifies the Borrower that it has become, or will with effect from
a specified date, become:

 

		(a)	unlawful or prohibited as a result of the introduction of a new law, an amendment to an existing law or a change in the manner
in which an existing law is or will be interpreted or applied; or

 

		(b)	contrary to, or inconsistent with, any regulation,

 

for the Lender to maintain or give effect to any of
its obligations under this Agreement in the manner contemplated by this Agreement.

 

		14.2.	Notification and effect of illegality. On the Lender notifying the Borrower under Clause 14.1, the Commitment shall
terminate; and thereupon or, if later, on the date specified in the Lender’s notice under Clause 14.1 as the date on which
the notified event would become effective the Borrower shall prepay the Loan in full.

 

		14.3.	Mitigation. If circumstances arise which would result in a notification under Clause 14.1 then, without in any way limiting
the rights of the Lender under Clause 14.2, the Lender shall use reasonable endeavors to transfer its obligations, liabilities
and rights under this Agreement to a subsidiary not affected by the circumstances but the Lender shall not be under any obligation
to take any such action if, in its opinion, to do would or might:

 

		(a)	have an adverse effect on its business, operations or financial condition; or

 

		(b)	involve it in any activity which is unlawful or prohibited or any activity that is contrary to, or inconsistent with, any regulation;
or

 

		(c)	involve it in any expense (unless indemnified to its satisfaction) or tax disadvantage.

 

		15.	TRANSFERS

 

		15.1.	No Transfers. Neither party may, without the consent of the other party, transfer any of its rights, liabilities or
obligations under this Agreement.

    	10

    	

    

		16.	NOTICES

 

		16.1.	General. Unless otherwise specifically provided, any notice under or in connection with this Agreement shall be given
by letter or fax and shall be effective upon receipt; and references in this Agreement to written notices, notices in writing and
notices signed by particular persons shall be construed accordingly.

 

		16.2.	Addresses for communications. A notice by letter or fax shall be sent:

 

		(a)	to the Lender:

 

GasLog Ltd.,

c/o GasLog Monaco S.A.M.

Gildo Pastor Center

7 Rue du Gabian

MC 98000, Monaco

 

Fax:+377 9797 5124

Attention: Simon Crowe–Chief
Financial Officer

Copy to: Line Ljungdahl–Head of Legal

 

		(b)	to the Borrower:

 

GasLog Partners LP,

c/o GasLog Monaco S.A.M.

Gildo Pastor Center

7 Rue du Gabian

MC 98000, Monaco

 

Fax:+377 9797 5124

Attention:  Simon Crowe–Chief
Financial Officer

Copy to: Line Køhler Ljungdahl–Head of Legal

 

or to such other address as the relevant party may
notify the other.

 

		17.	SUPPLEMENTAL

 

		17.1.	Rights cumulative. The rights and remedies which this Agreement gives to the Lender are:

 

		(a)	cumulative;

 

		(b)	may be exercised as often as appears expedient; and

 

		(c)	shall not, unless explicitly and specifically stated so, be taken to exclude or limit any right or remedy conferred by any
law.

 

		17.2.	Severability. If any provision of this Agreement is or subsequently becomes void, unenforceable or illegal, that shall
not affect the validity, enforceability or legality of the other provisions of this Agreement.

    	11

    	

    

		17.3.	Third party rights. A person who is not a party to this Agreement has no right under the Contracts (Rights of Third
Parties) Act 1999 to enforce or to enjoy the benefit of any term of this Agreement.

 

		18.	LAW AND JURISDICTION

 

		18.1.	English law. This Agreement shall be governed by, and construed in accordance with, English law.

 

		18.2.	Exclusive English jurisdiction. Subject to Clause 18.3, the courts of England shall have exclusive jurisdiction to settle
any Dispute.

 

		18.3.	Choice of forum for the exclusive benefit of the Lender. Clause 18.2 is for the exclusive benefit of the Lender, which
reserves the rights:

 

		(a)	to commence proceedings in relation to any Dispute in the courts of any country other than England and which have or claim
jurisdiction to that Dispute; and

 

		(b)	to commence such proceedings in the courts of any such country or countries concurrently with or in addition to proceedings
in England or without commencing proceedings in England.

 

The Borrower shall not commence any proceedings in any
country other than England in relation to a Dispute.

 

		18.4.	Process agent. The Borrower irrevocably appoints Unisea Maritime Ltd at its registered office for the time being, presently at
14 Headfort Place, London, SWLX 7DH, to act as its agent to receive and accept on its behalf any process or other document relating to any proceedings in
the English courts which are connected with a Dispute.

 

		18.5.	Lender’s rights unaffected. Nothing in this Clause 18 shall exclude or limit any right which the Lender may have
(whether under the law of any country, an international convention or otherwise) with regard to the bringing of proceedings, the
service of process, the recognition or enforcement of a judgment or any similar or related matter in any jurisdiction.

 

		18.6.	Meaning of “proceedings”. In this Clause 18, “proceedings” means proceedings of any kind,
including an application for a provisional or protective measure and a “Dispute” means any dispute arising out
of or in connection with this Agreement (including a dispute relating to the existence, validity or termination of this Agreement).

 

THIS AGREEMENT has been entered into on the date stated
at the beginning of this Agreement.

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	 	BORROWER
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	for and on behalf of
	 	GASLOG PARTNERS LP
	 	 
	 	in the presence of:
	 	 
	 	LENDER
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	for and on behalf of
	 	GASLOG LTD.
	 	 
	 	in the presence of:

    	13

    	

    

SCHEDULE 1

 

DRAWDOWN NOTICE

 

To: GasLog Ltd.,

c/o GasLog Monaco S.A.M.

Gildo Pastor Center

7 Rue du Gabian

MC 98000, Monaco

 

Attention: [●]

 

[●]
2014

 

		1.	We refer to the loan agreement (the “Loan Agreement”) dated [●]
2014 and made between us as Borrower and you as Lender in connection with a revolving credit facility of up to $30,000,000. Terms
defined in the Loan Agreement have their defined meanings when used in this Drawdown Notice.

 

		2.	We request to borrow as follows:

 

(a) Amount: $[●];

 

(b) Drawdown Date: [●];

 

(c) Payment instructions: account in our name and
numbered [●] with [●] of [●].

 

		3.	We represent and warrant that (i) no Event of Default has occurred or will result from the borrowing of the Advance and (ii)
the representations and warranties made by us in Clause 7 of the Loan Agreement are, at the date hereof, true and accurate.

 

		4.	We confirm that we will indemnity you against any loss or expense which you may sustain or incur as a consequence of the Advance
not being drawn, including but not limited to any loss or expenses incurred by you to fund the Advance.

 

		5.	This notice cannot be revoked without the prior consent of the Lender.

 

Yours faithfully

 

 

Name:

Title:

 

for and on behalf of

 

GASLOG PARTNERS LP

    	14Exhibit 10.17

 

Private & Confidential

 

DATED
23 April 2014

 

 

 

SECOND SUPPLEMENTAL DEED

 

relating to a

 

US$272,500,000 Loan

 

to

 

GAS-THREE LTD.

 

and

 

GAS-FOUR LTD.

 

arranged by

 

DNB BANK ASA

 

and

 

THE EXPORT-IMPORT BANK OF KOREA

 

with

 

DNB BANK ASA

 

as Agent

 

DNB BANK ASA

 

as Security Agent

 

    	 

    	

    

 

Contents

 

	Clause	Page
	 	 	 
	1	Definitions	2
	 	 	 
	2	Agreement of the Lenders and Agent	3
	 	 	 
	3	Amendments to Principal Agreement	3
	 	 	 
	4	Representations and warranties	7
	 	 	 
	5	Conditions	7
	 	 	 
	6	Finance Documents	8
	 	 	 
	7	Costs and expenses	8
	 	 	 
	8	Miscellaneous and notices	8
	 	 	 
	9	Applicable law	8
	 	 	 
	Schedule 1 Documents and evidence required as conditions precedent	10
	 	 
	Schedule 2 Form of Effective Date Notice	12

    	 

    	

    
 

 

	THIS SECOND SUPPLEMENTAL DEED is dated	2014 and made BETWEEN:

 

		(1)	GAS-THREE LTD. and GAS-FOUR LTD. each of the addresses set out in Schedule 1 to the
Facilities Agreement as Borrowers;

 

		(2)	GASLOG LTD. of the address set out in Schedule 1 to the Facilities Agreement as GasLog;

 

		(3)	GASLOG CARRIERS LTD. of the address set out in Schedule 1 to the Facilities Agreement as
GasLog Carriers (and together with GasLog, the Guarantors);

 

		(4)	GASLOG LNG SERVICES LTD. of the address set out in Schedule 1 to the Facilities Agreement
as Manager;

 

		(5)	THE EXPORT-IMPORT BANK OF KOREA and DNB BANK ASA each of the addresses set out in
Schedule 1 to the Facilities Agreement as Arrangers;

 

		(6)	THE FINANCIAL INSTITUTION of the address set out in Schedule 1 to the Facilities Agreement
as the original Commercial Facility Lender;

 

		(7)	THE FINANCIAL INSTITUTION of the address set out in Schedule 1 to the Facilities Agreement
as the original KEXIM Facility Lender;

 

		(8)	DNB BANK ASA of the address set out in Schedule 1 to the Facilities Agreement as Hedging
Provider;

 

		(9)	DNB BANK ASA of the address set out in Schedule 1 to the Facilities Agreement as Bookrunner;

 

		(10)	DNB BANK ASA of the address set out in Schedule 1 to the Facilities Agreement as Agent;
and

 

		(11)	DNB BANK ASA of the address set out in Schedule 1 to the Facilities Agreement as Security
Agent.

 

WHEREAS:

 

		(A)	This Deed is supplemental to an agreement dated 14 March 2012 as supplemented and amended by a
first supplemental deed dated 30 July 2012 (but having effect from 30 June 2012) (the Principal Agreement) and made between,
inter alios, (1) the Borrowers, (2) the Lenders, (3) the Hedging Provider, (4) the Bookrunner, (5) the Agent and (6) the Security
Agent, whereby the Lenders agreed to make available to the Borrowers, as joint and several borrowers, loan facilities of up to
$272,500,000 upon the terms and subject to the conditions therein contained.

 

		(B)	By a waiver and consent request dated 28 March 2014 (the Waiver and Consent Request) and
a further waiver and consent request supplemental thereto dated 2 April 2013, the Borrowers have requested the Lenders to (1) permit
the disposal by GasLog Carriers, and the acquisition, directly or indirectly, by GPHL of the shares in the Borrowers (the Sale),
(2) waive any potential breaches of or defaults under the Finance Documents arising from, in connection with or which may occur
by implementation (and, in the case of the MLP, formation and/or operation) of, the Sale or the MLP and the agreements referred
to in paragraph 3 and at appendix A of the Waiver and Consent Request (including, without limitation, pursuant to clauses 19.6
(Merger) and 26.7 (Contracts and arrangements with Affiliates) of the Principal

    	1

    	

    
 

 

Agreement), (3) approve the
New Management Agreements  and (4) amend the Principal Agreement on the terms set out in this Deed.

 

NOW IT IS HEREBY AGREED as follows:

 

	1	Definitions

 

	1.1	Defined expressions

 

Words and expressions defined
in the Principal Agreement shall unless the context otherwise requires or unless otherwise defined herein, have the same meanings
when used in this Deed.

 

	1.2	Definitions

 

In this Deed, unless the context
otherwise requires:

 

Deed of Release means
the deed of release executed or (as the context may require) to be executed by the Security Agent pursuant to which the Security
Agent shall release the Share Security granted by GasLog Carriers.

 

Effective Date means
the date specified in the Effective Date Notice.

 

Effective Date Notice
means the notice to be signed by the Agent in accordance with Clause 5.1 in the form set out in Schedule 2.

 

Facilities Agreement
means the Principal Agreement as amended, supplemented and waived by this Deed.

 

GPHL means GasLog Partners
Holdings LLC of Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.

 

GPHL Guarantee means
the guarantee executed or (as the context may require) to be executed by GPHL in favour of the Security Agent in the agreed form.

 

MLP means GasLog Partners
LP of Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.

 

MLP IPO Closing Date
means the date of the closing of the initial public offering of the common units in the MLP.

 

New Management Agreements
means the agreements in the agreed form made or (as the context may require) to be made between each of the Borrowers and the
Manager (as commercial manager and technical manager) pursuant to which the Manager shall agree to continue to commercially and
technically manage the Ships following the Effective Date.

 

New Share Security means
each document containing a first Security Interest by GPHL in favour of the Security Agent in the agreed form in respect of all
of the shares in the Borrowers.

 

Relevant Parties means
each Borrower, the Guarantors, the Manager, MLP and GPHL or, where the context so requires or permits, means any or all of them.

    	2

    	

    
 

 

	1.3	Principal Agreement

 

References in the Principal
Agreement to “this Agreement” shall, with effect from the Effective Date and unless the context otherwise requires,
be references to the Principal Agreement as amended, waived and/or supplemented by this Deed and words such as “herein”,
“hereof”, “hereunder”, “hereafter”, “hereby” and “hereto”, where they
appear in the Principal Agreement, shall be construed accordingly.

 

	1.4	Construction

 

Clauses 1.2 (Construction),
1.3 (Third party rights) and 1.4 (Finance Documents) of the Facilities Agreement and any other provision of the Facilities
Agreement which, by its terms, purports to apply to all of the Finance Documents and/or any Obligor shall apply to this Deed as
if set out in it but with all necessary changes and as if references in the provision to Finance Documents referred to this Deed.
This Deed is a Finance Document.

 

	2	Agreement of the Lenders and Agent

 

The Lenders and the Agent, relying
upon the representations and warranties on the part of each of the Borrowers, the Guarantors and the Manager contained in clause
4, agree with the Borrowers that, subject to the terms and conditions of this Deed and in particular, but without prejudice to
the generality of the foregoing, fulfilment on or before the MLP IPO Closing Date (provided that the MLP IPO Closing Date occurs
no later than 15 July 2014 (or such later date as the Agent, acting on the instructions of the Lenders, may agree)) of the conditions
contained in clause 5 and Schedule 1, the Agent and the Lenders:

 

		(a)	agree to the Sale;

 

		(b)	waive any potential breaches of or defaults or Events of Default under the Finance Documents arising
from, in connection with or which may occur by implementation (and in the case of the MLP, formation) of, the Sale or the MLP or
the agreements referred to at paragraph 3 of and Appendix A to the Waiver and Consent Request (including pursuant to clauses 19.6
(Merger) and 26.7 (Contracts and arrangements with Affiliates) of the Facilities Agreement) provided that the above
waiver in relation to clause 26.7 shall not apply to (i) the offer and sale by MLP to the public of common units in the initial
public offering of the common units in the MLP or (ii) any transaction effected after the closing of such offer and sale;

 

		(c)	permit the Security Agent to execute and deliver the Deed of Release;

 

		(d)	approve the New Management Agreements; and

 

		(e)	agree to the amendment of the Principal Agreement on the terms set out in clause 3 (Amendments
to Principal Agreement).

 

	3	Amendments to Principal Agreement

 

	3.1	Amendments

 

The Principal Agreement shall,
with effect on and from the Effective Date, be (and is hereby) amended in accordance with the following provisions (and the Principal
Agreement (as so amended) will continue to be binding upon each of the parties hereto upon such terms as so amended):

    	3

    	

    
 

 

		(a)	new definitions of “GPHL” and “GPHL Guarantee” shall be inserted
in clause 1.1 (Definitions) of the Principal Agreement reading as follows:

 

“GPHL means GasLog
Partners Holdings Ltd. of Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.

 

GPHL Guarantee means the
guarantee to be executed by GPHL in favour of the Security Agent in the agreed form.”;

 

		(b)	the definitions of “Guarantees” and “Guarantors” in clause
1.1 (Definitions) of the Principal Agreement shall be deleted and replaced as follows:

 

“Guarantees means
the GasLog Guarantee, the GasLog Carriers Guarantee, the GPHL Guarantee and, if an MLP Guarantee is provided pursuant to clause
19.14 (MLP), the MLP Guarantee and Guarantee means any of them.

 

Guarantors means persons
acceptable to the Lenders at their discretion which may now or at any time throughout the Facility Period guarantee the obligations
and liabilities of the Borrowers to the Lenders and the Hedging Provider (including, without limitation, GasLog, GasLog Carriers,
GPHL and, if an MLP Guarantee is provided pursuant to clause 19.14 (MLP), MLP).”;

 

		(c)	the definition of “IPO Change of Control” in clause 1.1 (Definitions)
of the Principal Agreement shall be deleted and replaced with:

 

“IPO
Change of Control occurs if, at any time after an IPO has been completed:

 

		(a)	two or more persons acting in concert or any individual person (other than the current ultimate
beneficial owners of the Counter Guarantors) (i) acquire, legally and/or beneficially and either directly or indirectly, in excess
of 50% of the issued share capital (or equivalent) of GasLog or (ii) have the right or ability to control, either directly or indirectly,
the affairs or the composition of the majority of the board of directors (or equivalent) of GasLog; or

 

		(b)	the current ultimate beneficial owners of the Counter Guarantors cease to hold, in aggregate, legally
and/or beneficially, and either directly or indirectly, at least:

 

		(i)	until 28 March 2015, 20%; and

 

		(ii)	from 28 March 2015 and at all other times thereafter, 15%, of the issued share capital of GasLog;
or

 

		(c)	GasLog ceases to control, directly or indirectly, the affairs or the composition of the board of
directors (or equivalent) of the Borrowers or the Holding Company of the Borrowers,

 

in any case
without the prior written consent of the Agent (acting with the authorisation of the Lenders).”;

 

		(d)	a new definition of “MLP” shall be inserted in clause 1.1 (Definitions) of
the Principal Agreement reading as follows:

 

“MLP means GasLog
Partners LP of Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.”;

    	4

    	

    
 

 

		(e)	a new clause 1.2.1(g) (Construction) of the Principal Agreement shall be inserted
reading as follows and each of the other sub-paragraphs of clause 1.2.1 (Construction)  of the Principal Agreement
shall be re-lettered accordingly:

 

	 	“(g)	 two or more persons are acting in concert if pursuant to an agreement or
understanding (whether formal or informal) they actively co-operate, through the acquisition (directly or indirectly) of shares
in GasLog or MLP (as applicable) by any of them, either directly or indirectly to obtain or consolidate control of GasLog or MLP
(as applicable);”;

 

		(f)	the words “GasLog Carriers” in the first line of clause 17.20 (Legal and beneficial
ownership) of the Principal Agreement shall be deleted and replaced with the word “GPHL”;

 

		(g)	a new clause 19.14 shall be inserted into the Principal Agreement as follows:

 

“MLP

 

		19.14.1	The Borrowers undertake that they will promptly notify the Agent if (a) MLP grants a guarantee
or indemnity in respect of Financial Indebtedness (whether actual or contingent) owed by Subsidiaries of MLP (any such Financial
Indebtedness in respect of which MLP has granted a guarantee or indemnity or any Financial Indebtedness (whether actual or contingent)
owed by MLP, being MLP Financial Indebtedness) (the persons (or a security agent or trustee on their behalf) to whom such
MLP Financial Indebtedness is owed being Other MLP Finance Parties) and the Borrowers shall also confirm whether GasLog
has also granted a guarantee or indemnity in favour of such Other MLP Finance Parties or (b) GasLog grants a guarantee or indemnity
in favour of Other MLP Finance Parties in respect of MLP Financial Indebtedness, or (c) any financial covenants in respect of MLP
are agreed or given in connection with any MLP Financial Indebtedness by MLP or any Subsidiary of MLP (MLP Financial Covenants).

 

		19.14.2	If GasLog has provided a guarantee or indemnity (whether at or about the same time or previously)
in respect of MLP Financial Indebtedness, the Borrowers shall procure that MLP will within 30 days of notice from the Agent requiring
the same (a) execute in favour of the Security Agent a guarantee in form and substance reasonably satisfactory to the Agent provided
that, to the extent such MLP Financial Indebtedness contains MLP Financial Covenants, any financial covenants contained in the
guarantee to be granted by MLP in favour of the Security Agent shall be equivalent to such MLP Financial Covenants (the MLP
Guarantee) and (b) deliver to the Agent such documents as the Agent may (acting on the instructions of the Lenders, acting
reasonably) require, including (without limitation) any and all corporate authorisations for MLP of the nature described in Schedule
3, Part 1, paragraph 1 (Original Obligors’ corporate documents) and any legal opinions, in each case, reasonably required
by the Agent.

 

		19.14.3	If any MLP Financial Indebtedness is entered into in circumstances where GasLog has not provided
a guarantee or indemnity, the Borrowers shall procure that MLP will, subject to the proviso hereto, within 30 days of notice from
the Agent requiring the same (a) execute in favour of the Security

    	5

    	

    
 

 

Agent
the MLP Guarantee (containing financial covenants equivalent to any MLP Financial Covenants given in connection with such MLP Financial
Indebtedness) and (b) deliver to the Agent such documents as the Agent may (acting on the instructions of the Lenders, acting reasonably)
require, including (without limitation) any and all corporate authorisations for MLP of the nature described in Schedule 3, Part
1, paragraph 1 (Original Obligors’ corporate documents) and any legal opinions, in each case, reasonably required
by the Agent, Provided always that the Security Agent shall, within two Business Days of MLP granting the MLP Guarantee, release
the GasLog Guarantee and the GasLog Carriers Guarantee.

 

		19.14.4	If, following the granting of the MLP Guarantee and release of the GasLog Guarantee and the GasLog
Carriers Guarantee in accordance with clause 19.14.3, the Agent receives a notification by the Borrowers under clause 19.14.1(b)
(or becomes otherwise aware that GasLog has granted a guarantee or indemnity in favour of Other MLP Finance Parties), the Borrowers
shall procure that GasLog and GasLog Carriers will within 30 days of notice from the Agent requiring the same (a) execute in favour
of the Security Agent a guarantee in form and substance reasonably satisfactory to the Agent and (b) deliver to the Agent such
documents as the Agent may (acting on the instructions of the Lenders, acting reasonably) require, including (without limitation)
any and all corporate authorisations for GasLog and GasLog Carriers of the nature described in Schedule 3, Part 1, paragraph 1
(Original Obligors’ corporate documents) and any legal opinions, in each case, reasonably required by the Agent.”;

 

		(h)	clause 28.23.3 of the Principal Agreement shall be deleted and replaced as follows:

 

“At any
time:

 

	 	(a)	any Borrower ceases to be a wholly-owned subsidiary of GPHL;

 

	 	(b)	GPHL ceases to be a wholly-owned subsidiary of MLP;

 

	 	(c)	GasLog Partners GP LLC ceases to be a wholly-owned subsidiary of GasLog;

 

		(d)	two or more persons (other than GasLog or its Affiliates) acting in concert or any individual person
(other than GasLog or its Affiliates) (i) acquire, legally and/or beneficially and either directly or indirectly, in excess of
35 per cent of the total equity of MLP or (ii) have the right or ability to control, either directly or indirectly, the affairs
or the composition of the majority of the board of directors (or equivalent) of MLP;

 

		(g)	GasLog ceases to own legally and beneficially, and either directly or indirectly, at least 35 per
cent of the total equity of MLP; or

 

		(e)	GasLog Partners GP LLC ceases to be the general partner of MLP.”.

 

	3.2	Continued force and effect

 

Save as amended by this Deed,
the provisions of the Principal Agreement shall continue in full force and effect and the Principal Agreement and this Deed shall
be read and construed as one instrument.

    	6

    	

    
 

 

	4	Representations and warranties

 

Each of the Borrowers, the Guarantors
and the Manager represents and warrants for the benefit of each Finance Party, each in respect of itself, that the following statements
shall, on the date of this Deed and the Effective Date, be true and accurate as if made with reference to the facts and circumstances
existing on such date:

 

		(a)	each of the Repeating Representations are true and correct (save that in relation to clause 17.20
(Legal and beneficial ownership) of the Principal Agreement or, as the case may be, clause 17.20 of the Facilities Agreement,
such Repeating Representation shall, on the date of this Deed, be made in respect of clause 17.20 (Legal and beneficial ownership)
of the Principal Agreement and on the Effective Date, in respect of clause 17.20 (Legal and beneficial ownership) of the
Facilities Agreement);

 

		(b)	it is duly incorporated as a limited liability company and has power to carry on its business as
it is now being conducted and to own its property and other assets; and

 

		(c)	it has power to execute, deliver and perform its obligations under this Deed and all necessary
corporate, shareholder and other action has been taken to authorise the execution, delivery and performance of the same.

 

	5	Conditions

 

	5.1	Documents, evidence and Effective Date Notice

 

		(a)	The agreement of the Lenders and the Agent referred to in clause 2 shall be subject to the receipt
by the Agent or its duly authorised representative of the documents and evidence specified in Schedule 1 in form and substance
satisfactory to the Agent.

 

		(b)	On, or prior, to the MLP IPO Closing Date, the Agent shall sign the Effective Date Notice and specify
the Effective Date to be the MLP IPO Closing Date, provided that (i) the Agent has received the documents and evidence specified
in Clause 5 and Schedule 1 in a form and substance satisfactory to it and (ii) the MLP IPO Closing Date occurs no later than 15
July 2014 (or such later date as the Agent acting on the instructions of the Lenders may agree).

 

	5.2	General conditions precedent

 

The agreement of the Lenders
and the Agent referred to in clause 2 shall be further subject to:

 

		(a)	the representations and warranties in clause 4 being true and correct on the Effective Date as
if each was made with respect to the facts and circumstances existing at such time; and

 

		(b)	no Default having occurred and continuing at the time of the Effective Date.

 

	5.3	Waiver of conditions precedent

 

The conditions specified in
this clause 5 are inserted solely for the benefit of the Finance Parties and may be waived by the Agent (acting on the instructions
of the Lenders) in whole or in part with or without conditions.

    	7

    	

    
 

 

	6	Finance Documents

 

Each of the Borrowers, the Guarantors
and the Manager confirms its consent to the amendments to the Principal Agreement contained in this Deed and each of the Borrowers,
the Guarantors and the Manager further acknowledges and agrees, for the avoidance of doubt, that:

 

		(a)	each of the other Finance Documents to which it is a party, and its obligations thereunder, shall
remain in full force and effect notwithstanding the amendments made to the Principal Agreement by this Deed; and

 

		(b)	with effect from the Effective Date, references to the “Facilities Agreement” in any
of the other Finance Documents to which it is a party shall henceforth be reference to the Principal Agreement as amended by this
Deed and as from time to time hereafter amended.

 

	7	Costs and expenses

 

For the avoidance of doubt,
clause 16 of the Facilities Agreement shall apply in respect of all reasonably incurred costs and expenses of the Finance Parties
in connection with this Deed.

 

	8	Miscellaneous and notices

 

	8.1	Notices

 

The provisions of clause 37
of the Principal Agreement shall apply to this Deed if set out herein.

 

	8.2	Counterparts

 

This Deed may be executed in
any number of counterparts and by the different parties on separate counterparts, each of which when so executed and delivered
shall be an original but all counterparts shall together constitute one and the same instrument.

 

	9	Applicable law

 

	9.1	Governing law

 

This Deed and any non-contractual
obligations connected with it are governed by English law.

 

	9.2	Jurisdiction of English courts

 

The courts of England have exclusive
jurisdiction to settle any dispute arising out of or in connection with this Deed or any non-contractual obligations connected
with it (including a dispute regarding the existence, validity or termination of this Deed) (a Dispute).

 

The Parties agree that the courts
of England are the most appropriate and convenient courts to settle Disputes and accordingly no Party will argue to the contrary.

 

This clause 9.2 is for the benefit
of the Finance Parties only. As a result, no Finance Party shall be prevented from taking proceedings relating to a Dispute in
any other courts with jurisdiction. To the extent allowed by law, the Finance Parties may take concurrent proceedings in any number
of jurisdictions.

    	8

    	

    
 

 

This Deed has been duly executed and
delivered as a deed on the date stated at the beginning of this Deed.

    	9

    	

    
 

 

Schedule 1

Documents and evidence required as conditions precedent

 

(referred to in clause 5.1)

 

		1	Relevant Parties’ corporate documents

 

		(a)	A copy of the Constitutional Documents of MLP and GPHL (and confirmation from an officer of each
other Relevant Party that no changes have been made to the Constitutional Documents of each other Relevant Party from the copies
previously provided to the Agent).

 

		(b)	A copy of a resolution of the board of directors of each Relevant Party (or any committee of such
board empowered to approve and authorise the following matters):

 

		(i)	approving and/or ratifying the terms of, and the transactions contemplated by, this Deed, the GPHL
Guarantee and the New Share Security (Relevant Documents) to which it is a party and resolving that it execute the Relevant
Documents to which it is a party;

 

		(ii)	authorising a specified person or persons to execute the Relevant Documents on its behalf and/or
ratifying the execution of the Relevant Documents; and

 

		(iii)	authorising a specified person or persons, on its behalf, to sign and/or despatch all documents
and notices to be signed and/or despatched by it under or in connection with the Relevant Documents to which it is a party and/or
ratifying the signing and/or despatch of all such documents and notices.

 

		(c)	If applicable, a copy of a resolution of the board of directors of the relevant company, establishing
any committee referred to in paragraph (b) above and conferring authority on that committee.

 

		(d)	A specimen of the signature of each person authorised by the resolution referred to in paragraph
(b) above.

 

		(e)	(If required under the Constitutional Documents of the Relevant Parties or Marshall Islands or
Bermudian law), a copy of a resolution signed by all the holders of the issued shares in each Relevant Party, approving the terms
of, and the transactions contemplated by, the Relevant Documents to which such Relevant Party is a party.

 

		(f)	A copy of any power of attorney under which any person is to execute any of the Relevant Documents
on behalf of any Relevant Party.

 

		(g)	A certificate of an authorised signatory of each Relevant Party certifying that each copy document
relating to it specified in this Schedule is correct, complete and in full force and effect as at a date no earlier than the date
of this Deed and that any such resolutions or power of attorney have not been revoked.

 

		2	Legal opinions

 

		(a)	A legal opinion of Norton Rose Fulbright LLP, London addressed to the Arrangers, the Security Agent
and the Agent and for the benefit of all the Finance Parties on matters of English law, substantially in the form approved by the
Agent prior to signing this Deed.

    	10

    	

    
 

 

		(b)	A legal opinion of the legal advisers to the Arrangers, the Security Agent and the Agent in each
jurisdiction in which each Relevant Party is incorporated or which is required by the Lenders in substantially in the form approved
by the Agent prior to signing this Deed.

 

		3	Other documents and evidence

 

		(a)	Evidence that any process agent referred to in the Relevant Documents has accepted its appointment.

 

		(b)	Evidence satisfactory to the Agent that the Repeating Representations are true and correct (save
that in relation to clause 17.20 (Legal and beneficial ownership) of the Principal Agreement or, as the case may be, clause
17.20 of the Facilities Agreement, such Repeating Representation shall, on the date of this Deed, be made in respect of clause
17.20 (Legal and beneficial ownership) of the Principal Agreement and on the Effective Date, in respect of clause 17.20
(Legal and beneficial ownership) of the Facilities Agreement).

 

		(c)	A copy of any other authorisation or other document, opinion or assurance which the Agent considers
to be necessary or desirable in connection with the entry into and performance of the transactions contemplated by any Relevant
Document or for the validity and enforceability of any Relevant Document.

 

		4	New Management Agreements

 

A copy, certified by an approved
person to be a true and complete copy, of the New Management Agreements.

 

		5	“Know your customer” information

 

Such documentation and information
in respect of the Relevant Parties as any Finance Party may reasonably request through the Agent to comply with “know your
customer” or similar identification procedures under all laws and regulations applicable to that Finance Party.

 

		6	New Share Security

 

		(a)	Approval of the arrangements for completion of the Sale.

 

		(b)	Evidence satisfactory to the Agent that all of the shares in the Borrowers are legally and beneficially
owned by GPHL.

 

		(c)	The New Share Security in respect of the Borrowers duly executed by GPHL together with all letters,
transfers, certificates and other documents required to be delivered under the New Share Security.

 

		7	Guarantee

 

The GPHL Guarantee to be executed
by GPHL.

    	11

    	

    
 

 

Schedule 2

Form of Effective Date Notice

 

		To:	GAS-three Ltd.

GAS-four Ltd.

 

Second Supplemental Deed dated [•] 2014
(the “Deed”) relating to a US$272,500,000 loan to GAS-three Ltd. and GAS-four Ltd.

 

In accordance with clause 5.1 of the Deed, we confirm
that the Effective Date is [•] 2014.

 

This is the Effective Date Notice under (and as defined
in) the Deed.

 

 

for and on behalf of

DNB BANK ASA

as Agent

    	12

    	

    
 

 

	BORROWERS	 	 	 	 
	 	 	 	 	 
	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	GAS-three Ltd.	 	)	Authorised Signatory	 
	 	 	 	 	 
	in the presence of	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	 	 	 	 	 
	Address:	 	 	 	 
	 	 	 	 	 
	Occupation:	 	 	 	 
	 	 	 	 	 
	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	GAS-four Ltd.	 	)	Authorised Signatory	 
	 	 	 	 	 
	in the presence of	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	 	 	 	 	 
	Address:	 	 	 	 
	 	 	 	 	 
	Occupation:	 	 	 	 
	 	 	 	 	 
	GUARANTORS	 	 	 	 
	 	 	 	 	 
	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	GasLog Ltd.	 	)	 	 
	 	 	 	 	 
	in the presence of	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	 	 	 	 	 
	Address:	 	 	 	 
	 	 	 	 	 
	Occupation:	 	 	 	 

    	13

    	

    
 

 

	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	GasLog Carriers Ltd.	 	)	 	 
	 	 	 	 	 
	in the presence of	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	 	 	 	 	 
	Address:	 	 	 	 
	 	 	 	 	 
	Occupation:	 	 	 	 
	 	 	 	 	 
	MANAGER	 	 	 	 
	 	 	 	 	 
	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	GasLog LNG Services Ltd.	 	)	 	 
	 	 	 	 	 
	in the presence of	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	 	 	 	 	 
	Address:	 	 	 	 
	 	 	 	 	 
	Occupation:	 	 	 	 

    	14

    	

    
 

 

	FINANCE PARTIES	 	 	 	 
	 	 	 	 	 
	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	DNB BANK ASA	 	)	 	 
	(as Agent, Security Agent, Original	)	 	 
	Commercial Lender, Arranger, Hedging	)	 	 
	Provider and Bookrunner)	 	)	Authorised Signatory	 
	 	 	 	 	 
	in the presence of	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	 	 	 	 	 
	Address:	 	 	 	 
	 	 	 	 	 
	Occupation:	 	 	 	 
	 	 	 	 	 
	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	THE EXPORT-IMPORT BANK OF KOREA	)	 	 
	(as Original KEXIM Lender and Arranger)	)	Authorised Signatory	 
	 	 	 	 	 
	in the presence of	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	 	 	 	 	 
	Address:	 	 	 	 
	 	 	 	 	 
	Occupation:	 	 	 	 

    	15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00230-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00230-of-00352.parquet"}]]