Document:

Exhibit

Exhibit 10.4

*** indicates material has been omitted pursuant to a Confidential Treatment Request filed with the Securities and Exchange Commission.  A complete copy of this agreement has been filed separately with the Securities and Exchange Commission.
CHANGE ORDER FORM
Revised Buildings to Include Jetty and Geo-Tech Impact to Buildings

	
		
	PROJECT NAME:  Corpus Christi Stage 1 Liquefaction Facility

OWNER:  Corpus Christi Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: December 6, 2013
	CHANGE ORDER NUMBER: CO-00005

DATE OF CHANGE ORDER: June 4, 2015 

The Agreement between the Parties listed above is changed as follows:  (attach additional documentation if necessary) 

		
	1.
	Per Article 6.1.B of the Agreement, Parties agree Bechtel will implement design changes to accommodate additional buildings and parking space at Site to support operation and maintenance of the Facility.  Changes include the following which are depicted in Exhibits A and A-1(a-d):

		
	a.
	A new auxiliary material storage warehouse for storage of waste oil and miscellaneous chemicals (Exhibit A.1(a));

		
	b.
	A new warehouse for GE spare parts (Exhibit A.1(b));

		
	c.
	An enlarged maintenance building (Exhibit A.1(c));

		
	d.
	A jetty security building (Exhibit A.1(d));

		
	e.
	Concrete slabs location shown on (Exhibit A as 1(e));

		
	f.
	Updated drawings to reflect the revised location of the fuel station location shown on (Exhibit A as 1(f)).

		
	2.
	Per Article 6.1.B of the Agreement, Parties agree, based on Geotechnical data revealing that new building sites indicate a high potential for soil swell, Bechtel remove soil to a depth of 4-4.5 ft. (depending on building) below existing grade and replace it with structural fill.  This change is being made to comply with the 100 year FEMA Base Flood Elevation requirement.  Buildings affected by this Change are:

		
	a.
	Warehouses 1 and 2;

		
	b.
	Auxiliary Material Storage Shelter;

		
	c.
	Jetty Security Building;

		
	d.
	Water Treatment Building.

		
	3.
	The cost breakdowns for the scopes of work noted above in this Change Order are detailed in Exhibit B and Milestone adjustments are detailed in Exhibit C.

		
	4.
	The adjustments to the Aggregate Equipment Price and Aggregate Labor and Skills Price are as follows:

		
	a.
	The previous Aggregate Equipment Price prior to this Change Order was *** U.S. Dollars (U.S. $***).  This Change Order will amend that value and the new value shall be *** U.S. Dollars (U.S. $***).

		
	b.
	The previous Aggregate Labor and Skills Price prior to this Change Order was *** U.S. Dollars (U.S. $***).  This Change Order will amend that value and the new value shall be *** U.S. Dollars (U.S. $***).     

Adjustment to Contract Price
	
				
	The original Contract Price was
	$
	7,080,830,000
	

	Net change by previously authorized Change Orders (0001-0004)
	$
	398,313,655
	

	The Contract Price prior to this Change Order was
	$
	7,479,143,655
	

	The Aggregate Equipment Price will be increased by this Change Order in the amount of
	$
	***
	

	The Aggregate Labor and Skills Price will be increased by this Change Order in the amount of
	$
	***
	

	The Aggregate Provisional Sum will be unchanged by this Change Order in the amount of
	$
	—
	

	The new Contract Price including this Change Order will be
	$
	7,526,683,383
	

Adjustment to dates in Project Schedule
The following dates are modified (list all dates modified; insert N/A if no dates modified): No impact to Project Schedule.

Adjustment to other Changed Criteria (insert N/A if no changes or impact; attach additional documentation if necessary) 

Adjustment to Payment Schedule: No

Adjustment to Minimum Acceptance Criteria: N/A

Adjustment to Performance Guarantees: N/A

Adjustment to Design Basis: N/A

Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A

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

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

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

	
			
	/s/ Ed Lehotsky
	 
	/s/ Maria K. Brady

	Owner
	 
	Contractor

	Ed Lehotsky
	 
	Maria K. Brady

	Name
	 
	Name

	VP LNG Projects
	 
	Senior Vice President

	Title
	 
	Title

	5 Aug 2015
	 
	01-JUN-2015

	Date of Signing
	 
	Date of Signing

*** indicates material has been omitted pursuant to a Confidential Treatment Request filed with the Securities and Exchange Commission.  A complete copy of this agreement has been filed separately with the Securities and Exchange Commission.
CHANGE ORDER FORM
Marine and Dredging Execution Change

	
		
	PROJECT NAME:  Corpus Christi Stage 1 Liquefaction Facility

OWNER:  Corpus Christi Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: December 6, 2013
	CHANGE ORDER NUMBER: CO-00006

DATE OF CHANGE ORDER: June 16, 2015 

The Agreement between the Parties listed above is changed as follows:  (attach additional documentation if necessary) 

		
	1.
	The EPC Agreement stated the execution of the Marine and Dredging scopes of work would be completed by Bechtel subcontractors and was provided for in the Agreement as a Provisional Sum.  Per Article 6.1.B of the Agreement, Parties agree Contractor will self-perform the engineering, procurement, and construction of the Marine portion of this work scope.  Owner will self-perform the dredging, DMPA management of DMPA 2 (as noted in Attachment Y), dredge slope protection, and navigational aids (offshore) and such Work will be removed from Contractor’s scope.

		
	a.
	Exhibit A of this Change Order details the Marine drawings used to form the basis of this Change Order.

		
	b.
	Exhibit B of this Change Order depicts the 120 ft. wide corridor which Contractor will leave for Owner to install and maintain a dredge pipe.  This corridor is shown on Exhibit B as the “Restricted Area for Disposal Pipe.”

		
	c.
	Additional engineering is required to change the slope angle.

		
	d.
	The cost breakdowns for the scopes of work noted above are detailed in Exhibit C of this Change Order.

		
	e.
	Milestone payments are amended as presented in Exhibit D.

		
	2.
	Article 1.1 of the Agreement is hereby modified by:

		
	•
	Deleting the term and definition of “Marine & Dredging Provisional Sum” from the Definitions section.

		
	3.
	Article 1.1 of the Agreement is hereby modified by:

		
	•
	Deleting the term “Marine & Dredging Provisional Sum” from the definition of “Provisional Sum”, 

		
	4.
	Article 6.2.A.12 of the Agreement is hereby deleted. 

		
	5.
	Article 7.1 of the Agreement is hereby amended by deleting the phrase “Marine and Dredging Provisional Sum.” 

		
	6.
	“Marine Facilities” will be removed from list of Major Subcontracts Article 1.3 of Attachment G of the Agreement.

		
	7.
	The “Marine Facilities” section as well as the listed approved subcontractors will be removed from Article 1.7 of Attachment G of the Agreement.

		
	8.
	Article 2 of Schedule EE-2 in Attachment EE of the Agreement hereby modified by:

		
	•
	Deleting the term “Marine & Dredging Provisional Sum” from the Introduction paragraph.

		
	9.
	Article 2.2 of Schedule EE-2 in Attachment EE of the Agreement will be deleted to remove reference to, and the description of, the “Marine & Dredging Provisional Sum.”

		
	10.
	The adjustments to the Aggregate Equipment Price, Aggregate Labor and Skills Price, and Aggregate Provisional Sum are as follows:

		
	a.
	The previous Aggregate Equipment Price prior to this Change Order was *** U.S. Dollars (U.S. $***). This Change Order will amend that value and the new value shall be *** U.S. Dollars (U.S. $***).

		
	b.
	The previous Aggregate Labor and Skills Price prior to this Change Order was ** U.S. Dollars (U.S. $***).  This Change Order will amend that value and the new value shall be *** U.S. Dollars (U.S. $***).     

		
	c.
	The Aggregate Provisional Sum specified in Article 7.1C of the Agreement prior to this Change Order was Five Hundred Sixty Three Million, Nine Hundred Eighty Three Thousand, Twenty Two U.S. Dollars (U.S. $563,983,022).  This Change Order will amend that value and the new value shall be Three Hundred Eighty One Million, Nine Hundred Ninety Two Thousand, Four Hundred Forty Six U.S. Dollars (U.S. $381,992,446).  

Adjustment to Contract Price
	
				
	The original Contract Price was
	$
	7,080,830,000
	

	Net change by previously authorized Change Orders (0001-0005)
	$
	445,853,383
	

	The Contract Price prior to this Change Order was
	$
	7,526,683,383
	

	The Aggregate Equipment Price will be decreased by this Change Order in the amount of
	$
	***
	

	The Aggregate Labor and Skills Price will be decreased by this Change Order in the amount of
	$
	***
	

	The Aggregate Provisional Sum will be decreased by this Change Order in the amount of
	$
	***
	

	The new Contract Price including this Change Order will be
	$
	7,503,963,846
	

Adjustment to dates in Project Schedule
The following dates are modified (list all dates modified; insert N/A if no dates modified): No impact to Project Schedule.

Adjustment to other Changed Criteria (insert N/A if no changes or impact; attach additional documentation if necessary) 

Adjustment to Payment Schedule: No

Adjustment to Minimum Acceptance Criteria: N/A

Adjustment to Performance Guarantees: N/A

Adjustment to Design Basis: N/A

Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A

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

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

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

	
			
	/s/ Ed Lehotsky
	 
	/s/ Maria K. Brady

	Owner
	 
	Contractor

	Ed Lehotsky
	 
	Maria K. Brady

	Name
	 
	Name

	VP LNG Projects
	 
	Senior Vice President

	Title
	 
	Title

	9/28/2015
	 
	16-Jun-2015

	Date of Signing
	 
	Date of Signing

*** indicates material has been omitted pursuant to a Confidential Treatment Request filed with the Securities and Exchange Commission.  A complete copy of this agreement has been filed separately with the Securities and Exchange Commission.
CHANGE ORDER FORM
Temporary Laydown Areas, AEP Substation Relocation, Power Monitoring System for Substation, Bollards for Power Line Poles, Multiplex Interface for AEP Hecker Station

	
		
	PROJECT NAME:  Corpus Christi Stage 1 Liquefaction Facility

OWNER:  Corpus Christi Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: December 6, 2013
	CHANGE ORDER NUMBER: CO-00007

DATE OF CHANGE ORDER: June 30, 2015 

The Agreement between the Parties listed above is changed as follows:  (attach additional documentation if necessary) 

		
	1.
	Per Article 6.1.B of the Agreement, Parties agree Contractor will design the drainage for the portions of the temporary facilities listed below to meet FEMA-defined 100 year base flood elevation, and this is detailed in Exhibit A:

		
	a.
	Berryman section (53.86 acres) will drain into La Quinta ditch and Green’s Bayou through 4 new outfalls;

		
	b.
	The Port Laydown (110 acres) will drain into La Quinta ditch and Green’s Bayou through four (4) new outfalls;

		
	c.
	The Cotton Warehouse Laydown (25.02 acres) will drain into Green’s Bayou through two (2) new outfalls;

		
	d.
	Additionally, Contractor will remove the underground piping, electrical, and communication works for the temporary facilities on the 110 acre Port Laydown.

		
	e.
	Contractor will increase the culvert sizes for culverts 100, 101, 102, and 103 to include headwall structures.

		
	2.
	Per Article 6.1.B of the Agreement, Parties agree Contractor will extend the overhead transmission line (additional 3,000 LF) to connect the Site to the revised location of the AEP Hecker Station tie-in shown in Exhibit B.  

		
	3.
	Parties agree Contractor will utilize a stand-alone power monitoring system (including an HMI) that will monitor switchgear relays, breaker status, and running amperes.  Specifications include:

		
	a.
	Re-programmable Relays from a remote location;

		
	b.
	Graphics and power displays available at HMI;

		
	c.
	Alarms will signal at the HMI;

		
	d.
	The HMI will be capable of archiving events for a minimum of five (5) years.

		
	4.
	Parties agree Contractor will install four (4) bollards per pole around the power line poles along La Quinta Rd.  Exhibit C of this Change Order depicts the location of this scope.

		
	5.
	Parties agree Contractor will add two (2) multiplexer (MUX) interfaces to interconnect the Owner and AEP 138kV switchgear to drive the fiber optic lines.  This scope includes the addition of equipment and communication technology to provide a fiber optic path between AEP at the Hecker Station and the CCL Site.  Contractor will also add an additional pole top Optical Ground Wire with fiber optic cores and associated underground fiber optic lines.

		
	6.
	The cost breakdowns for the scopes of work noted above in this Change Order are detailed in Exhibit D.

		
	7.
	Schedules C-1 and C-3 (Milestone Payment Schedules) of Attachment C of the Agreement will be amended by including the milestone(s) listed in Exhibit E of this Change Order.

Adjustment to Contract Price
	
				
	The original Contract Price was
	$
	7,080,830,000
	

	Net change by previously authorized Change Orders (0001-0006)
	$
	423,133,846
	

	The Contract Price prior to this Change Order was
	$
	7,503,963,846
	

	The Aggregate Equipment Price will be increased by this Change Order in the amount of
	$
	***
	

	The Aggregate Labor and Skills Price will be increased by this Change Order in the amount of
	$
	***
	

	The new Contract Price including this Change Order will be
	$
	7,525,376,502
	

Adjustment to Aggregate Equipment Price
	
			
	The original Aggregate Equipment Price was
	$
	***

	Net change by previously authorized Change Orders (0001-0006)
	$
	***

	The Aggregate Equipment Price prior to this Change Order was 
	$
	***

	The Aggregate Equipment Price will be increased by this Change Order in the amount of 
	$
	***

	The new Aggregate Equipment Price including this Change Order will be 
	$
	***

Adjustment to Aggregate Labor and Skills Price
	
			
	The original Aggregate Labor and Skills Price was
	$
	***

	Net change by previously authorized Change Orders (0001-0006)
	$
	***

	The Aggregate Labor and Skills Price prior to this Change Order was
	$
	***

	The Aggregate Labor and Skills Price will be increased by this Change Order in the amount of 
	$
	***

	The new Aggregate Labor and Skills Price including this Change Order will be
	$
	***

Adjustment to dates in Project Schedule
The following dates are modified (list all dates modified; insert N/A if no dates modified): No impact to Project Schedule.

Adjustment to other Changed Criteria (insert N/A if no changes or impact; attach additional documentation if necessary) 

Adjustment to Payment Schedule: Yes.  See Attachment E of this Change Order.

Adjustment to Minimum Acceptance Criteria: N/A

Adjustment to Performance Guarantees: N/A

Adjustment to Design Basis: N/A

Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A

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

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

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

	
			
	/s/ Ed Lehotsky
	 
	/s/ Maria K. Brady

	Owner
	 
	Contractor

	Ed Lehotsky
	 
	Maria K. Brady

	Name
	 
	Name

	VP LNG Projects
	 
	Senior Project Manager

	Title
	 
	Title

	11 August 2015
	 
	30-June-2015

	Date of Signing
	 
	Date of Signing

*** indicates material has been omitted pursuant to a Confidential Treatment Request filed with the Securities and Exchange Commission.  A complete copy of this agreement has been filed separately with the Securities and Exchange Commission.
CHANGE ORDER FORM
West Jetty Shroud and Fencing, Temporary Strainers on Loading Arms, Breasting and Mooring Analysis, Addition of Crossbar from Platform at Ethylene Bullets to Platform for PSV Deck, Reduction of Vapor Fence at Bed 22, Relocation of Gangway Tower, Changes in Dolphin Size

	
		
	PROJECT NAME:  Corpus Christi Stage 1 Liquefaction Facility

OWNER:  Corpus Christi Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: December 6, 2013
	CHANGE ORDER NUMBER: CO-00008

DATE OF CHANGE ORDER: July 28, 2015 

The Agreement between the Parties listed above is changed as follows:  (attach additional documentation if necessary) 

		
	1.
	Per Article 6.1.B of the Agreement, Parties agree Contractor will add a shroud over the LNG lines in the jetty area and a vapor fence on the trestle over the water line.  The scope includes the shroud, catwalks, catwalk crossovers, vapor fence, and fire and gas detection system for the shroud. This change is based on the FERC/DOT requirements to prevent vapor dispersion from reaching the Owner’s property boundary at a flammable level  from a hole in the LNG transfer line that is 1/3 the diameter of the transfer line. Specifics of the shroud include:

		
	a.
	The shroud will be designed to prevent a jet of LNG from a 10” diameter hole at any angle on the pipe from reaching the waterways;

		
	b.
	The shroud will be designed to withstand design wind conditions and shall also be designed to be removed for inspection and maintenance of the LNG lines;

		
	c.
	The shroud will be attached to support columns that are spaced along the length of the shroud to allow air circulation;

		
	d.
	The jetty vapor fence shall be 12 feet high.

		
	e.
	Details of this scope change are shown in Exhibit A of this Change Order.

		
	2.
	Per Article 6.1.B of the Agreement, Parties agree Contractor will install temporary strainers for each of the three (3) LNG transfer arms.  The strainers will take the following into consideration:

		
	a.
	Strainers shall be robust and fit for purpose to avoid damage;

		
	b.
	Strainers shall be accessible and able to be removed, cleaned, and reinstalled quickly enough to accommodate scheduled ship loading; 

		
	c.
	Contractor to ensure there are facilities for draining, purging, and warming of each section of the line;

		
	d.
	Suitable pressure gauges shall be installed in appropriate locations to indicate condition of strainers.

		
	e.
	Details of this scope change are shown in Exhibit B of this Change Order.

		
	3.
	Per Article 6.1.B of the Agreement, Parties agreed Contractor shall complete an updated Breasting/Mooring analysis to validate FEED layout/mooring equipment for an updated range of sizes in LNG vessels.  As a result of changes in vessels, changes to fender specifications and panel size are required.  In order to meet the Owner’s requested fender contact pressure of 3.48ksf, Contractor will change the fender system to SCN 2000 E1.2.

		
	4.
	Per Article 6.1.B of the Agreement, Parties agree Contractor will add a crossover platform from the Ethylene Storage Drum 

platform to the PSV platform.  This change is depicted in Exhibit C of this Change Order.

		
	5.
	Per Article 6.1.B of the Agreement, Parties agree Contractor shall remove from its scope of work the requirement for vapor fencing on the Owner’s property line alongside Bed 22.  Owner will be responsible for this scope of work.  A depiction of this scope change is shown in Exhibit D of this Change Order.

		
	6.
	Per Article 6.1.B of the Agreement, Parties agree that to avoid clashing between Loading Arm (A) and the Gangway Tower and Loading Arm (D) and the fire monitor tower, Contractor will relocate the gangway tower.  Specifications of this relocation are:

		
	a.
	Gangway central column will be offset by 7 feet 10 inches from the centerline of the turntable.  The turntable is 26’7” away from the south edge of the platform (ship side);

		
	b.
	The turntable will be moved closer to the gangway central column (6’11” instead of 8’9”);

		
	c.
	Re-orient the gangway access stairs and landing platform 90 degrees for clear access way and to avoid clashing with the dry chemical skid;

		
	d.
	Move the fire monitor tower 6 feet away from Loading Arm (D).

		
	e.
	Exhibit E of this Change Order depicts this scope change.

		
	7.
	Per Article 6.1.B of the Agreement, Parties agree Contractor will increase the size of the Breasting and Mooring dolphins.  The dolphin cap sizes will be designed at the following  minimums:

		
	a.
	Breasting Dolphin: 25’ x 28’;

		
	b.
	Mooring Dolphin: 28’ x 28’;

		
	c.
	Contractor will also center the mooring hooks and capstan on the dolphins.

		
	d.
	Exhibit F of this Change Order depicts this scope change.

		
	8.
	The cost breakdowns for the scopes of work noted above in this Change Order are detailed in Exhibit G.

		
	9.
	Schedules C-1 and C-3 (Milestone Payment Schedules) of Attachment C of the Agreement will be amended by including the milestone(s) listed in Exhibit H of this Change Order.

Adjustment to Contract Price
	
				
	The original Contract Price was
	$
	7,080,830,000
	

	Net change by previously authorized Change Orders (0001-0007)
	$
	444,546,502
	

	The Contract Price prior to this Change Order was
	$
	7,525,376,502
	

	The Aggregate Equipment Price will be increased by this Change Order in the amount of
	$
	***
	

	The Aggregate Labor and Skills Price will be increased by this Change Order in the amount of
	$
	***
	

	The Aggregate Provisional Sum will be unchanged by this Change Order in the amount of
	$
	—
	

	The new Contract Price including this Change Order will be
	$
	7,540,978,278
	

Adjustment to Aggregate Equipment Price
	
			
	The original Aggregate Equipment Price was
	$
	***

	Net change by previously authorized Change Orders (0001-0007)
	$
	***

	The Aggregate Equipment Price prior to this Change Order was 
	$
	***

	The Aggregate Equipment Price will be increased by this Change Order in the amount of 
	$
	***

	The new Aggregate Equipment Price including this Change Order will be 
	$
	***

Adjustment to Aggregate Labor and Skills Price
	
			
	The original Aggregate Labor and Skills Price was
	$
	***

	Net change by previously authorized Change Orders (0001-0007)
	$
	***

	The Aggregate Labor and Skills Price prior to this Change Order was
	$
	***

	The Aggregate Labor and Skills Price will be increased by this Change Order in the amount of 
	$
	***

	The new Aggregate Labor and Skills Price including this Change Order will be
	$
	***

Adjustment to dates in Project Schedule
The following dates are modified (list all dates modified; insert N/A if no dates modified): No impact to Project Schedule.

Adjustment to other Changed Criteria (insert N/A if no changes or impact; attach additional documentation if necessary) 

Adjustment to Payment Schedule: Yes.  See Exhibit H of this Change Order.

Adjustment to Minimum Acceptance Criteria: N/A

Adjustment to Performance Guarantees: N/A

Adjustment to Design Basis: N/A

Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A

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

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

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

	
			
	/s/ Ed Lehotsky
	 
	/s/ Maria K. Brady

	Owner
	 
	Contractor

	Ed Lehotsky
	 
	Maria K. Brady

	Name
	 
	Name

	VP LNG Projects
	 
	Senior Vice President

	Title
	 
	Title

	11 Aug 2015
	 
	28-July-2015

	Date of Signing
	 
	Date of Signing

*** indicates material has been omitted pursuant to a Confidential Treatment Request filed with the Securities and Exchange Commission.  A complete copy of this agreement has been filed separately with the Securities and Exchange Commission.
CHANGE ORDER FORM
Post FEED Studies

	
		
	PROJECT NAME:  Corpus Christi Stage 1 Liquefaction Facility

OWNER:  Corpus Christi Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: December 6, 2013
	CHANGE ORDER NUMBER: CO-00009

DATE OF CHANGE ORDER: July 1, 2015 

The Agreement between the Parties listed above is changed as follows:  (attach additional documentation if necessary) 

		
	1.
	Per Article 6.1.B of the Agreement, Parties agree Contractor will incorporate the following base design changes into its detailed design:

		
	a.
	The gas turbines will be supplied with a three (3) stage filter arrangement utilizing Camfil filters and include the inlet housing modifications and structural steel required to accommodate the three stage filters.  The Camfil filters are preferred by Owner as stated in Exhibit A.

		
	b.
	An additional backup fuel gas line will be installed from the pipeline inlet to all flare pilots to provide protection in the event of an outage.  The details of this scope of work are depicted in Exhibit B of this Change Order.

		
	c.
	Contractor to install smokeless flares utilizing forced air to comply with TCEQ and EPA requirements as depicted in Exhibit C of this Change Order.

		
	d.
	Modify the design of the OSBL and Jetty Impoundment Basins to include storm water pumps which will allow for removal of the following:

		
	i.
	Contents of the basin within four (4) hours;

		
	ii.
	25% of the rain flow from a ten (10) year storm, one (1) hour storm, in one (1) hour.

		
	iii.
	Exhibit D of this Change Order depicts details of this scope of work.

		
	e.
	Modify the drawings to show isolation of the loading lines at the LNG Transfer Arms as depicted in Exhibit E of this Change Order.

		
	f.
	Contractor to design 366 feet of additional vapor fencing between the demountable flare and the OSBL rack that runs to the Marine facilities as agreed to with Owner and depicted in Exhibit F.  

		
	g.
	Contractor will space smaller oil-filled transformers (less than 500 gallons of oil) at a minimum distance of 5 feet from each other and from the substation.  Larger transformers will be placed at a distance of at least 15 feet from each other and from the substation to facilitate maintenance.  The details of this path forward are depicted in Exhibit G.

		
	2.
	The cost breakdowns for the scopes of work noted above in this Change Order are detailed in Exhibit H. 

		
	3.
	Schedules C-1 and C-3 (Milestone Payment Schedule) of Attachment C of the Agreement will be amended by including the milestone(s) listed in Exhibit I of this Change Order.

		
	4.
	The following Exhibits are incorporated into this Change Order:

Exhibit A - Camfil Approval
Exhibit B - Backup Fuel Gas Line Scope

Exhibit C - Smokeless Air Installation Scope
Exhibit D - Implementation of the OSBL and Jetty Impoundment Scope
Exhibit E - Isolation of Loading Line Scope
Exhibit F - Vapor Fence Additions
Exhibit G - Transformer Spacing Scope
Exhibit H - Cost Breakdown of Change Order
Exhibit I - Adjustment to Payment Schedule

Adjustment to Contract Price
	
				
	The original Contract Price was
	$
	7,080,830,000
	

	Net change by previously authorized Change Orders (00001-00008)
	$
	460,148,278
	

	The Contract Price prior to this Change Order was
	$
	7,540,978,278
	

	The Aggregate Equipment Price will be increased by this Change Order in the amount of
	$
	***
	

	The Aggregate Labor and Skills Price will be increased by this Change Order in the amount of
	$
	***
	

	The Aggregate Provisional Sum will be unchanged by this Change Order in the amount of
	$
	—
	

	The new Contract Price including this Change Order will be
	$
	7,557,364,259
	

Adjustment to Aggregate Equipment Price
	
			
	The original Aggregate Equipment Price was
	$
	***

	Net change by previously authorized Change Orders (0001-0008)
	$
	***

	The Aggregate Equipment Price prior to this Change Order was 
	$
	***

	The Aggregate Equipment Price will be increased by this Change Order in the amount of 
	$
	***

	The new Aggregate Equipment Price including this Change Order will be 
	$
	***

Adjustment to Aggregate Labor and Skills Price
	
			
	The original Aggregate Labor and Skills Price was
	$
	***

	Net change by previously authorized Change Orders (0001-0008)
	$
	***

	The Aggregate Labor and Skills Price prior to this Change Order was
	$
	***

	The Aggregate Labor and Skills Price will be increased by this Change Order in the amount of 
	$
	***

	The new Aggregate Labor and Skills Price including this Change Order will be
	$
	***

Adjustment to dates in Project Schedule
The following dates are modified (list all dates modified; insert N/A if no dates modified): No impact to Project Schedule.

Adjustment to other Changed Criteria (insert N/A if no changes or impact; attach additional documentation if necessary) 

Adjustment to Payment Schedule: Yes.  See Exhibit I of this Change Order.

Adjustment to Minimum Acceptance Criteria: N/A

Adjustment to Performance Guarantees: N/A

Adjustment to Design Basis: N/A

Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A

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

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

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

	
			
	/s/ Ed Lehotsky
	 
	/s/ Maria K. Brady

	Owner
	 
	Contractor

	Ed Lehotsky
	 
	Maria K. Brady

	Name
	 
	Name

	VP LNG Projects
	 
	Senior Vice President

	Title
	 
	Title

	11 Aug 2015
	 
	01-JUL-2015

	Date of Signing
	 
	Date of Signing

*** indicates material has been omitted pursuant to a Confidential Treatment Request filed with the Securities and Exchange Commission.  A complete copy of this agreement has been filed separately with the Securities and Exchange Commission.
CHANGE ORDER FORM
Additional Post FEED Studies, Feed Gas ESD Valve Bypass, Flow Meter on Bog Line, Additional Simulations, 
FERC #43

	
		
	PROJECT NAME:  Corpus Christi Stage 1 Liquefaction Facility

OWNER:  Corpus Christi Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: December 6, 2013
	CHANGE ORDER NUMBER: CO-00010

DATE OF CHANGE ORDER: July 1, 2015 

The Agreement between the Parties listed above is changed as follows:  (attach additional documentation if necessary) 

		
	1.
	Per Article 6.1.B of the Agreement, Parties agree Contractor will incorporate the following base design changes into its detailed design:

		
	a.
	Implement design changes to route the primary seal gas on each of the refrigerant compressors to the compressor suction making it the primary destination of the seal gas.

		
	b.
	Implement design changes to remove the current nitrogen generation package and the back-up liquid N2 package from the scope of work.  Control valve let-down stations will be required to reduce the Air Liquid nitrogen pressure from the pipeline.  Contractor will redesign the Site layout to provide space, tie-in to the N2 pipeline, foundation required for the pressure reducing control valve stations, and temporary use of the 13,000 gallon liquid nitrogen dewar with vaporizer.

		
	c.
	Implement design changes to provide an on-site aerobic sanitary sewage system.  Sludge shall be removed by truck with the layout allowing for a future lift station.  The effluent will be routed to the Water Treatment Plant with a backup to the Filtered/RO reject sump.

		
	d.
	Exhibit A details these scope changes.

		
	2.
	Per Article 6.1.B of the Agreement, Parties agree Contractor will add a 36” XV valve parallel to the Inlet Feed Gas ESD Valve to avoid a potential trip of three LNG trains when performing the DOT required annual stroke test of the Inlet Feed Gas ESD Valve.  Exhibit B details this scope change.  

		
	3.
	Per Article 6.1.B of the Agreement, Parties agree Contractor will add flow and temperature measurement panels for the BOG line from the LNG tanks to comply with FERC requirements.  Exhibit C of this Change Order depicts the locations for the measurement panels.

		
	4.
	Per Article 6.1.B of the Agreement, Parties agree Contractor conducted additional simulations to determine the LNG production for a DLE recycle case run at 98 degrees Fahrenheit.  Based on the results, Contractor will run an additional simulation at an agreed-upon temperature with Owner.

		
	5.
	Per Article 6.1.B of the Agreement, Parties agree Contractor will ensure that the design for piping and piping nipples for hazardous fluids 2 inches or less in diameter will be no less than schedule 160 for carbon steel and no less than schedule 80 for stainless steel and will be designed to withstand external loads, including vibrational loads in the vicinity of rotating equipment and operator live loads in areas accessible by operators.   This change is to comply with the FERC Final EIS.

		
	6.
	The cost breakdowns for the scopes of work noted above in this Change Order are detailed in Exhibit D. 

		
	7.
	Schedules C-1 and C-3 (Milestone Payment Schedule) of Attachment C of the Agreement will be amended by including the milestone(s) listed in Exhibit E of this Change Order.

Adjustment to Contract Price
	
				
	The original Contract Price was
	$
	7,080,830,000
	

	Net change by previously authorized Change Orders (0001-0009)
	$
	476,534,259
	

	The Contract Price prior to this Change Order was
	$
	7,557,364,259
	

	The Aggregate Equipment Price will be changed by this Change Order in the amount of
	$
	***
	

	The Aggregate Labor and Skills Price will be changed by this Change Order in the amount of
	$
	***
	

	The Aggregate Provisional Sum will be unchanged by this Change Order in the amount of
	$
	—
	

	The new Contract Price including this Change Order will be
	$
	7,563,798,282
	

Adjustment to Aggregate Equipment Price
	
			
	The original Aggregate Equipment Price was
	$
	***

	Net change by previously authorized Change Orders (0001-0009)
	$
	***

	The Aggregate Equipment Price prior to this Change Order was 
	$
	***

	The Aggregate Equipment Price will be changed by this Change Order in the amount of 
	$
	***

	The new Aggregate Equipment Price including this Change Order will be 
	$
	***

Adjustment to Aggregate Labor and Skills Price
	
			
	The original Aggregate Labor and Skills Price was
	$
	***

	Net change by previously authorized Change Orders (0001-0009)
	$
	***

	The Aggregate Labor and Skills Price prior to this Change Order was
	$
	***

	The Aggregate Labor and Skills Price will be increased by this Change Order in the amount of 
	$
	***

	The new Aggregate Labor and Skills Price including this Change Order will be
	$
	***

Adjustment to dates in Project Schedule
The following dates are modified (list all dates modified; insert N/A if no dates modified): No impact to Project Schedule.

Adjustment to other Changed Criteria (insert N/A if no changes or impact; attach additional documentation if necessary) 

Adjustment to Payment Schedule: Yes.  Exhibit E of this Change Order.

Adjustment to Minimum Acceptance Criteria: N/A

Adjustment to Performance Guarantees: N/A

Adjustment to Design Basis: N/A

Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A

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

[B] This Change Order shall not constitute a full and final settlement and accord and satisfaction of all effects of the change 

reflected in this Change Order upon the Changed Criteria and shall not be deemed to compensate Contractor fully for such change.  Initials:  ____ Contractor  ____ Owner

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

	
			
	/s/ Ed Lehotsky
	 
	/s/ Maria K. Brady

	Owner
	 
	Contractor

	Ed Lehotsky
	 
	Maria K. Brady

	Name
	 
	Name

	VP LNG Projects
	 
	Senior Vice President

	Title
	 
	Title

	11 Aug 2015
	 
	01-JULY-2015

	Date of Signing
	 
	Date of Signing

*** indicates material has been omitted pursuant to a Confidential Treatment Request filed with the Securities and Exchange Commission.  A complete copy of this agreement has been filed separately with the Securities and Exchange Commission.
CHANGE ORDER FORM
Credit to EPC Contract Value for TSA Work

	
		
	PROJECT NAME:  Corpus Christi Stage 1 Liquefaction Facility

OWNER:  Corpus Christi Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: December 6, 2013
	CHANGE ORDER NUMBER: CO-00011

DATE OF CHANGE ORDER: July 7, 2015 

The Agreement between the Parties listed above is changed as follows:  (attach additional documentation if necessary) 

		
	1.
	Per Article 6.2.B of the Agreement, Parties agree Contractor will credit the EPC contract value for home office professional services and third party engineering work completed under the Bechtel and Cheniere Technical Services Agreement, dated December 21, 2011.  Exhibit A provides the backup to support this credit.

		
	2.
	Schedules C-1 and C-3 (Milestone Payment Schedule) of Attachment C of the Agreement will be amended by including the milestone(s) listed in Exhibit B of this Change Order.

Adjustment to Contract Price
	
				
	The original Contract Price was
	$
	7,080,830,000
	

	Net change by previously authorized Change Orders (0001-00010)
	$
	482,968,282
	

	The Contract Price prior to this Change Order was
	$
	7,563,798,282
	

	The Aggregate Equipment Price will be unchanged by this Change Order in the amount of 
	$
	***
	

	The Aggregate Labor and Skills Price will be changed by this Change Order in the amount of
	$
	***
	

	The Aggregate Provisional Sum will be unchanged by this Change Order in the amount of
	$
	—
	

	The new Contract Price including this Change Order will be
	$
	7,499,394,953
	

Adjustment to Aggregate Equipment Price
	
			
	The original Aggregate Equipment Price was
	$
	***

	Net change by previously authorized Change Orders (0001-00010)
	$
	***

	The Aggregate Equipment Price prior to this Change Order was 
	$
	***

	The Aggregate Equipment Price will be changed by this Change Order in the amount of 
	$
	***

	The new Aggregate Equipment Price including this Change Order will be 
	$
	***

Adjustment to Aggregate Labor and Skills Price
	
			
	The original Aggregate Labor and Skills Price was
	$
	***

	Net change by previously authorized Change Orders (0001-00010)
	$
	***

	The Aggregate Labor and Skills Price prior to this Change Order was
	$
	***

	The Aggregate Labor and Skills Price will be changed by this Change Order in the amount of 
	$
	***

	The new Aggregate Labor and Skills Price including this Change Order will be
	$
	***

Adjustment to dates in Project Schedule
The following dates are modified (list all dates modified; insert N/A if no dates modified): No impact to Project Schedule.

Adjustment to other Changed Criteria (insert N/A if no changes or impact; attach additional documentation if necessary) 

Adjustment to Payment Schedule: Yes.  See Exhibit B of this Change Order.

Adjustment to Minimum Acceptance Criteria: N/A

Adjustment to Performance Guarantees: N/A

Adjustment to Design Basis: N/A

Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A

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

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

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

	
			
	/s/ Ed Lehotsky
	 
	/s/ Maria K. Brady

	Owner
	 
	Contractor

	Ed Lehotsky
	 
	Maria K. Brady

	Name
	 
	Name

	VP LNG Projects
	 
	Senior Vice President

	Title
	 
	Title

	Aug 14, 2015
	 
	07-JULY-2015

	Date of Signing
	 
	Date of Signing

*** indicates material has been omitted pursuant to a Confidential Treatment Request filed with the Securities and Exchange Commission.  A complete copy of this agreement has been filed separately with the Securities and Exchange Commission.
CHANGE ORDER FORM
Reduction of Provisional Sum for Operating Spares, Liquid Condensate Tie-In, Automatic Shut-Off Valve in Condensate Truck Fill Line, Firewater Monitor and Hydrant Coverage Test.

	
		
	PROJECT NAME:  Corpus Christi Stage 1 Liquefaction Facility

OWNER:  Corpus Christi Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: December 6, 2013
	CHANGE ORDER NUMBER: CO-00012

DATE OF CHANGE ORDER: August 11, 2015 

The Agreement between the Parties listed above is changed as follows:  (attach additional documentation if necessary) 

		
	1.
	Per Article 6.1.B of the Agreement, Parties agree Owner, not Contractor, will procure operating spare parts.  Accordingly, the Provisional Sum for Spare Parts will be reduced from $12,272,221 to $0.   

		
	2.
	Per Article 6.1.B of the Agreement, Parties agree Contractor will increase the condensate pump head and motor size for the condensate transport line tie-in to the east of the Site.  The location of tie-in is depicted in Exhibit A of this Change Order.

		
	3.
	Per Article 6.1.B of the Agreement, Parties agree Contractor will install an automatic shut-off valve in the condensate truck fill line.  The valve will be fire safe with a fail closed position.  This change is in response to FERC direction and depicted in Exhibit B of this Change Order.

		
	4.
	Per Article 6.1.B of the Agreement, Parties agree Contractor will conduct tests for fire water hydrant monitors and fire monitors, including elevated oscillating monitors.  The test will verify the coverage of the firewater monitors and the hydrant monitors by testing the elevation and the distance of the water arc in a single, predetermined direction as indicated in Exhibit C of this Change Order.

		
	5.
	The cost breakdowns for the scopes of work noted above in this Change Order are detailed in Exhibit D. 

		
	6.
	Schedules C-1 and C-3 (Milestone Payment Schedule) of Attachment C of the Agreement will be amended by including the milestone(s) listed in Exhibit E of this Change Order.

Adjustment to Contract Price
	
				
	The original Contract Price was
	$
	7,080,830,000
	

	Net change by previously authorized Change Orders (0001-00011)
	$
	418,564,953
	

	The Contract Price prior to this Change Order was
	$
	7,499,394,953
	

	The Aggregate Equipment Price will be changed by this Change Order in the amount of 
	$
	***
	

	The Aggregate Labor and Skills Price will be changed by this Change Order in the amount of
	$
	***
	

	The new Contract Price including this Change Order will be
	$
	7,487,110,941
	

Adjustment to Aggregate Equipment Price
	
			
	The original Aggregate Equipment Price was
	$
	***

	Net change by previously authorized Change Orders (0001-00011)
	$
	***

	The Aggregate Equipment Price prior to this Change Order was 
	$
	***

	The Aggregate Equipment Price will be changed by this Change Order in the amount of 
	$
	***

	The new Aggregate Equipment Price including this Change Order will be 
	$
	***

Adjustment to Aggregate Labor and Skills Price
	
			
	The original Aggregate Labor and Skills Price was
	$
	***

	Net change by previously authorized Change Orders (0001-00011)
	$
	***

	The Aggregate Labor and Skills Price prior to this Change Order was
	$
	***

	The Aggregate Labor and Skills Price will be changed by this Change Order in the amount of 
	$
	***

	The new Aggregate Labor and Skills Price including this Change Order will be
	$
	***

Adjustment to Aggregate Provisional Sum
	
				
	The original Aggregate Provisional Sum was
	$
	950,561,351
	

	Net change by previously authorized Change Orders (0001-00011)
	$
	(568,568,905
	)

	The Aggregate Provisional Sum prior to this Change Order was 
	$
	381,992,446
	

	The Aggregate Provisional Sum will be changed by this Change Order in the amount of 
	$
	(12,272,221
	)

	The new Aggregate Provisional Sum including this Change Order will be 
	$
	369,720,225
	

Adjustment to dates in Project Schedule
The following dates are modified (list all dates modified; insert N/A if no dates modified): No impact to Project Schedule.

Adjustment to other Changed Criteria (insert N/A if no changes or impact; attach additional documentation if necessary) 

Adjustment to Payment Schedule: Yes.  See Exhibit E of this Change Order.

Adjustment to Minimum Acceptance Criteria: N/A

Adjustment to Performance Guarantees: N/A

Adjustment to Design Basis: N/A

Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A

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

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

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

	
			
	/s/ Ed Lehotsky
	 
	/s/ Michael VanderMate

	Owner
	 
	Contractor

	Ed Lehotsky
	 
	Michael VanderMate

	Name
	 
	Name

	VP LNG Projects
	 
	Project Manager

	Title
	 
	Title

	9/22/2015
	 
	11 AUG 2015

	Date of Signing
	 
	Date of SigningExhibit

Exhibit 10.5

Cheniere Energy, Inc. Retirement Policy

Purpose:  This Retirement Policy (this “Policy”) is designed to reward eligible employees of Cheniere Energy, Inc. and its subsidiaries (collectively, the “Company”) for their service and tenure.  This Policy is limited to employees located in the United States and certain other jurisdictions.  This Policy is not applicable in the United Kingdom or any jurisdictions in which benefits only to retirees would be a violation of applicable laws. 

Definition of Qualifying Retirement 
 
A “Qualifying Retirement” is a voluntary resignation by an employee who satisfies the Rule of 72 based on the sum of (i) the employee’s age and (ii) full years of service with the Company and/or its affiliates, provided that the employee also meets the following criteria:

		
	•
	Employee must be at least age 60 and have at least 4 years of service with the Company and/or its affiliates.

		
	•
	Employee must provide Human Resources with a written notice of his or her planned retirement date at least three (3) months in advance thereof, but the Company may eliminate, or decrease the length of, the notice period in its sole discretion. 

		
	•
	The Chief Executive Officer of the Company is not eligible for a Qualifying Retirement under this Policy, and accordingly, no retirement by the Chief Executive will be deemed to be a Qualifying Retirement.

		
	•
	Employees in the United Kingdom are not eligible for Qualifying Retirements under this Policy. 

		
	•
	Employees in jurisdictions in which benefits only to retirees would be a violation of applicable laws (as determined by the Company in its sole discretion) are not eligible for Qualifying Retirements under this Policy. 

The determination of whether an employee satisfies the criteria for a Qualifying Retirement shall be determined by the Company in its sole discretion.

Retirement Treatment 

The Company will waive the continuous employment vesting provisions for Covered Incentive Awards (as described below) that are held by employees who satisfy the criteria for Qualifying Retirements, as determined by the Company in its sole discretion.  

Following a Qualifying Retirement, Covered Incentive Awards will continue to vest on their original schedule notwithstanding any continuous service conditions; however, except as otherwise determined by the Company, Covered Incentive Awards will remain subject to the applicable performance-based vesting conditions, if any.  

Notwithstanding anything in the Policy to the contrary, the Company may not waive any performance-based vesting conditions in Covered Incentive Awards for any Employees who could potentially be “Covered Employees” under Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”), as determined by the Compensation Committee of the Board of Directors of the Company (the “Committee”) in its sole discretion.

1

Covered Incentive Awards

The Retirement provisions and this Policy will apply to all long-term equity and cash-based awards outstanding on the effective date of this Policy and, except as otherwise provided in this Policy or determined by the Committee, to long-term equity and cash-based awards granted after the effective date of this Policy (collectively, “Covered Incentive Awards”).

The Retirement provisions are intended to be applied only to regular long-term incentive awards and not one-time, special, and/or retention-based awards, subject to the discretion of the Committee.  Accordingly, except as otherwise determined by the Committee on a case-by-case basis, this Policy will not apply to, and “Covered Incentive Awards” shall not include, new hire awards or special retention awards or other awards not part of any long-term incentive compensation program or to awards under any annual cash bonus program.

For the avoidance of doubt, the Retirement provisions, and this Policy, will apply to the following awards outstanding on the effective date of this Policy:

		
	•
	All outstanding Long-Term Cash Awards under Trains 1-2;

		
	•
	All outstanding Restricted Stock Awards under Trains 1-2; 

		
	•
	All outstanding Restricted Stock Awards under Trains 3-4; and/or

		
	•
	All outstanding Phantom Unit Awards under the 2014-2018 Long-Term Cash Incentive Program.

In addition, the Retirement provisions, and this Policy, will apply to any long-term cash and/or phantom unit awards granted after the effective date of this Policy under the 2014-2018 Long-Term Cash Incentive Program or any other annual or long-term incentive compensation plan or program adopted after the effective date of this Policy, except as otherwise determined by the Committee on a case-by-case basis or otherwise provided in the applicable plan, program or award agreements.

Conditions to Retirement Treatment

The Company’s waiver of the continuous employment vesting conditions of any Covered Incentive Awards is subject to the employee’s execution and non-revocation of a release of claims in the form provided by the Company at (or within a specified time after) the time of retirement, and continued vesting is subject to compliance with the restrictive covenant provisions described below and any applicable performance vesting conditions that may apply to the Covered Incentive Awards.  The restrictive covenant provisions will apply for the duration of the vesting schedule for any unvested Covered Incentive Award(s), and the employee’s failure to comply with the restrictive covenant provisions will result in the immediate forfeiture of any then-outstanding Covered Incentive Awards.  

Restrictive Covenants

		
	•
	If, during employment or subsequent to a Qualifying Retirement, the employee violates any of the restrictions below, he or she will immediately forfeit all unvested Covered Incentive Awards covered by this Policy.

		
	•
	During employment or subsequent to a Qualifying Retirement, the employee will not, directly or indirectly, do any of the following or assist any other person, firm or entity to do any of the following: (a) solicit on behalf of another person or entity, the employment or services of, or hire or retain, any person who is employed by or is a substantially full-time consultant or independent contractor to 

2

the Company or any of its subsidiaries or affiliates, or was within six (6) months prior to the action; or (b) otherwise knowingly interfere in any material respect with the business of the Company or any of its subsidiaries or affiliates or the relationship with any vendor or supplier that existed prior to the date of termination of the employee’s employment with the Company.  

		
	•
	During employment or subsequent to a Qualifying Retirement, the employee shall not make or publish any disparaging statements (whether written, electronic or oral) regarding, or otherwise malign the business reputation of, the Company, its present and former owners, officers, employees, shareholders, directors, partners, attorneys, agents and assignees, and all other persons, firms, partnerships, or corporations in control of, under the direction of, or in any way presently or formerly associated with the Company (each, a “Released Party” and collectively the “Released Parties”).  

		
	•
	During employment or subsequent to a Qualifying Retirement, the employee shall maintain the confidentiality of the following information: proprietary technical and business information relating to any Company plans, analyses or strategies concerning international or domestic acquisitions, possible acquisitions or new ventures; development plans or introduction plans for products or services; unannounced products or services; operation costs; pricing of products or services; research and development; personnel information; manufacturing processes; installation, service, and distribution procedures and processes; customer lists; any know-how relating to the design, manufacture, and marketing of any of the Company's services and products, including components and parts thereof; non-public information acquired by the Company concerning the requirements and specifications of any of the Company's agents, vendors, contractors, customers and potential customers; non-public financial information, business and marketing plans, pricing and price lists; non-public matters relating to employee benefit plans; quotations or proposals given to agents or customers or received from suppliers; documents relating to any of the Company's legal rights and obligations; the work product of any attorney employed by or retained by the Company; and any other information which is sufficiently confidential, proprietary, secret to derive economic value from not being generally known including with respect to intellectual property inventions, and work product.  The foregoing shall not apply to information that the employee is required to disclose by applicable law, regulation or legal process (provided that the employee provides the Company with prior notice of the contemplated disclosure and cooperates with the Company at its expense in seeking a protective order or other appropriate protection of such information).  

		
	•
	The Committee (in its sole discretion) may elect to subject employees to additional or other restrictive covenants in consideration for the special treatment of their long-term equity and cash awards under this Policy or otherwise.  These covenants shall be without limitation to such additional or other restrictions.

Tax Matters; No Guarantee of Tax Consequences

In the event this Policy results in a taxable event for a retiree or eligible employee with respect to Covered Incentive Awards payable in shares of common stock of the Company, then any federal, state and local income, employment and other taxes required to be withheld by the Company in connection with such taxable event, shall be effectuated by withholding delivery of a number of shares of common stock of the Company having a fair market value equal to the minimum amount of such tax withholding obligations, as determined by the Company at the time of taxation, unless the employee requests to satisfy such withholding by other means (such as the employee writing a check to the Company equal to such amount or withholding from other compensation) and the Company agrees.

In the event this Policy results in a taxable event for a retiree or eligible employee with respect to Covered Incentive Awards payable in cash prior to the date that such cash-settled Covered Incentive Awards would 

3

otherwise be paid in accordance with its terms, then any such federal, state and local income, employment and other taxes required to be withheld by the Company in connection with such taxable event shall be effectuated by the Company accelerating payment of a portion of the Covered Incentive Awards having a net-after tax value equal to the amount of such required taxes (as determined by the Company at the time of taxation), unless the employee requests to satisfy such withholding by other means (such as the employee writing a check to the Company equal to such amount or withholding from other compensation) and the Company agrees. 

The Covered Incentive Awards subject to this Policy are subject to all federal, state and local income, employment, and other taxes, and any required withholding in connection with such taxes.  This Policy is intended to be exempt from, or to comply with, the requirements of Section 409A of the Code, and this Policy shall be interpreted accordingly; provided that in no event whatsoever shall the Company or any of its Affiliates be liable for any additional tax, interest or penalties that may be imposed on an employee by Code Section 409A or any damages for failing to comply with Code Section 409A or damages for noncompliance.  The Company makes no commitment or guarantee to the employee that any federal or state tax treatment will apply or be available to any person eligible for benefits under this Agreement.  Notwithstanding anything in this Policy to the contrary, in the event that an employee is deemed to be a “specified employee” within the meaning of Code Section 409A(a)(2)(B)(i), no payments hereunder that are “deferred compensation” subject to Code Section 409A shall be made to the employee prior to the date that is six (6) months after the date of the employee’s “separation from service” (as defined in Section 409A) or, if earlier, the employee’s date of death.  Following any applicable six (6) month delay, all such delayed payments will be paid in a single lump sum on the earliest date permitted under Code Section 409A that is also a business day.  

Effective Date of Policy

This Policy is effective as of June 11, 2015.

Amendment; Termination

This Policy can be amended, modified, or terminated at any time at the discretion of the Committee or the Board, provided it shall not affect any employees who retire or have previously delivered written notice of retirement prior to such amendment, modification, or termination.

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