Document:

EX-10.17

 EXHIBIT 10.17 

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY
FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

SRV LNG CARRIER 
 TIME
CHARTERPARTY 
 Between 

SRV JOINT GAS LIMITED 
 And

 SUEZ LNG TRADING SA 

DATED 20th March 2007 

  
 Execution version re Hull 1689 

 TABLE OF CONTENTS 

 

							
	Clause	  	Page No.	 
			
	 1.
	 	 Definitions
	  	 	1	  
			
	 2.
	 	 Description and Condition of Vessel
	  	 	7	  
			
	 3.
	 	 Shipboard Personnel and their Duties
	  	 	8	  
			
	 4.
	 	 Duty to Maintain
	  	 	10	  
			
	 5.
	 	 Period and Trading Limits
	  	 	12	  
			
	 6.
	 	 Delivery and Redelivery; Extension of Charter; No Fault Termination of Charter
	  	 	13	  
			
	 7.
	 	 Regas Tests
	  	 	21	  
			
	 8.
	 	 Owner to Provide
	  	 	27	  
			
	 9.
	 	 Charterer to Provide
	  	 	28	  
			
	 10.
	 	 Building Contract
	  	 	28	  
			
	 11.
	 	 Hire
	  	 	33	  
			
	 12.
	 	 Payment of Hire
	  	 	33	  
			
	 13.
	 	 Space Available to Charterer
	  	 	34	  
			
	 14.
	 	 Miscellaneous
	  	 	34	  
			
	 15.
	 	 Instructions
	  	 	39	  
			
	 16.
	 	 Bills of Lading
	  	 	40	  
			
	 17.
	 	 Conduct of Vessel’s Personnel
	  	 	40	  
			
	 18.
	 	 Bunkers at Delivery and Redelivery
	  	 	40	  
			
	 19.
	 	 Stevedores, Pilots and Tugs
	  	 	41	  
			
	 20.
	 	 Supernumeraries
	  	 	41	  
			
	 21.
	 	 Assignment, Novation, Transfer and Sub-chartering / Sale of Vessel
	  	 	42	  
			
	 22.
	 	 Final Voyage
	  	 	44	  
			
	 23.
	 	 Loss of Vessel
	  	 	45	  
			
	 24.
	 	 Off-hire
	  	 	45	  
			
	 25.
	 	 Dry-docking; Time for Scheduled Maintenance
	  	 	49	  
			
	 26.
	 	 Ship Inspection
	  	 	52	  
			
	 27.
	 	 Performance
	  	 	52	  
			
	 28.
	 	 Salvage
	  	 	58	  
			
	 29.
	 	 Lien and Quiet Enjoyment
	  	 	58	  
			
	 30.
	 	 Exceptions
	  	 	59	  
			
	 31.
	 	 Injurious Cargoes
	  	 	60	  

  
 i 

Execution version re Hull 1689 

							
			
	32.	 	 Grade of Bunkers
	  	 	60	  
			
	33.	 	 Disbursements
	  	 	60	  
			
	34.	 	 Laying-Up
	  	 	60	  
			
	35.	 	 Requisition
	  	 	61	  
			
	36.	 	 Outbreak of War
	  	 	61	  
			
	37.	 	 Additional War Expenses
	  	 	61	  
			
	38.	 	 War Risks
	  	 	61	  
			
	39.	 	 Both to Blame Collision Clause
	  	 	63	  
			
	40.	 	 New Jason Clause
	  	 	63	  
			
	41.	 	 Clause Paramount
	  	 	64	  
			
	42.	 	 Rules and Regulations; Trading; Pollution
	  	 	64	  
			
	43.	 	 Export Restrictions
	  	 	66	  
			
	44.	 	 Safe Navigation Clause
	  	 	66	  
			
	45.	 	 Cargo Management; Filling Level Restrictions
	  	 	66	  
			
	46.	 	 Boil-off
	  	 	67	  
			
	47.	 	 Purging and Cool Down
	  	 	67	  
			
	48.	 	 Nitrogen and Inert Gas
	  	 	68	  
			
	49.	 	 Measuring Devices
	  	 	68	  
			
	50.	 	 Sampling and Measuring of Cargo
	  	 	68	  
			
	51.	 	 Drawings, Specifications and Modifications
	  	 	69	  
			
	52.	 	 Taxes
	  	 	69	  
			
	53.	 	 Law and Arbitration
	  	 	71	  
			
	54.	 	 Construction
	  	 	72	  
			
	55.	 	 Custody Transfer and Calibration/Tank Tables
	  	 	72	  
			
	56.	 	 Drug and Alcohol Clause
	  	 	73	  
			
	57.	 	 Pollution and Emergency Response
	  	 	73	  
			
	58.	 	 ISPS Code; Maritime Transportation Security Act
	  	 	73	  
			
	59.	 	 Temperature of Tanks on Arrival at Loading Port
	  	 	74	  
			
	60.	 	 Notices
	  	 	74	  
			
	61.	 	 Non-Waiver
	  	 	76	  
			
	62.	 	 Prior Agreements
	  	 	76	  
			
	63.	 	 Consequential Damages
	  	 	76	  
			
	64.	 	 Commissions
	  	 	76	  
			
	65.	 	 Owner’s Default
	  	 	77	  

  
 ii 

Execution version re Hull 1689 

							
	66.	 	Specific Performance	  	 	77	  
			
	67.	 	Charterer’s Default	  	 	78	  
			
	68.	 	Liability & Indemnity	  	 	78	  
			
	69.	 	Corporate Guarantees	  	 	79	  
			
	70.	 	Confidentiality	  	 	79	  
			
	71.	 	Intellectual Property	  	 	80	  
			
	72.	 	Buoy System; Port Liability	  	 	81	  
			
	73.	 	Position Reporting System	  	 	81	  
			
	74.	 	Safety Management	  	 	81	  
			
	75.	 	Models	  	 	82	  
			
	76.	 	Conditions Precedent	  	 	82	  
			
	77.	 	Confirmation of Execution and Delivery	  	 	82	  

  
 iii 

Execution version re Hull 1689 

 SCHEDULES 
  

			
	Schedule I	  	Main Particulars of the Vessel
		
	Appendix I to Schedule I	  	Vessel Performance Standards
		
	Schedule II	  	Building Contract Specifications
		
	Schedule III	  	Hire Rate and Adjustments
		
	Schedule IV	  	Insurance
		
	Schedule V	  	Letters of Indemnity
		
	Schedule VI	  	Form of Regas Tests Acceptance Certificate
		
	Schedule VII	  	Form of Consent and Agreement
		
	Schedule VIII	  	Form of Deed of Owner’s Guarantee
		
	Schedule IX	  	Form of Ownership Undertaking
		
	Schedule X	  	Gas Nomination Procedures
		
	Schedule XI	  	Notice under Clause 76

  
 iv 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 SRV LNG CARRIER TIME CHARTERPARTY 

It is this 20th day of March 2007 agreed between SRV Joint Gas Limited (hereinafter referred to as “Owner”), being the owner of a liquefied
natural gas carrier to be constructed by Samsung Heavy Industries Co. Ltd. (Hull No. 1689) and fitted out as a Shuttle and Regasification Vessel (“SRV”) (hereinafter referred to as the “Vessel”), as more fully described in
Clause 2, and Suez LNG Trading SA (hereinafter referred to as “Charterer”): 
 RECITALS 

WHEREAS, Charterer intends to enter into one (1) or more LNG sale and purchase agreements which would require Charterer to provide the marine
transportation of such LNG in SRVs capable of discharging regasified LNG into a subsea pipeline through an internal turret arrangement connected to an offshore mooring buoy; 

WHEREAS, Owner wishes to let the use and service of the Vessel to Charterer; and 

WHEREAS, in accordance with the terms and conditions hereinafter set forth, Charterer wishes to hire the use and service of the Vessel from Owner, upon
delivery of the Vessel to Owner; 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, Owner agrees
to let and Charterer agrees to hire the use and service of the Vessel in accordance with the terms and conditions hereinafter set forth: 
  

	1.	Definitions 

 For purposes of this Charter, the capitalized terms used herein shall have the meanings
ascribed to them below. 
 “***** Hour Notice” has the meaning set out in paragraph 5(a) of Schedule X. 

“Acceptance Standard” has the meaning set out in Clause 7(n). 

“Actual Discharge Rate” has the meaning set out in Clause 27(g)(ii)(2). 

“Adjusted Variable Element” has the meaning set out in paragraph 2.4(c) of Schedule III. 

“Adverse Weather Periods” has the meaning set out in Clause 27(b)(i). 

“Affiliated Company” has the meaning set out in Clause 70(d). 

“Agreed Allowance List” has the meaning set out in paragraph 2.8 of Schedule III. 

“Allowance Period” has the meaning set out in Clause 25(d). 

“Anticipated Delivery Date” has the meaning set out in Clause 6(a)(i). 

“APL” means Advanced Production and Loading AS of Vikaveien 85, N-4816, Kolbjørnsvik, Arendal, Norway; 

  
 1 

Execution version re Hull 1689 

 “APL Buoy System” has the meaning set out in Clause 7(q)(iii); 

“Approved Club” has the meaning set out in paragraph 1(c)(ii) of Schedule IV. 

“Arrival” has the meaning set out in paragraph 6 of Schedule X. 

“Arriving Vessel” has the meaning set out in paragraph 3 of Schedule X. 

“Base OPEX Amount” has the meaning set out in paragraph 1.2(b) of Schedule III. 

“Blue Card” means the Civil Liability Certificate issued by the International Maritime Organisation guaranteeing that the Vessel has sufficient
insurance cover or other financial security to compensate for pollution damage in compliance with the International Convention on Civil Liability for Oil Pollution Damage (1969), as amended. 

“BOE” has the meaning set out in Clause 27(a)(ii). 

“British Thermal Unit” means the amount of heat necessary to raise the temperature of one pound of water by one degree (1°) Fahrenheit.

 “BTU/hr” means British Thermal Units per hour. 

“Builder” has the meaning set out in Clause 6(a)(ii). 

“Building Contract” has the meaning set out in Clause 6(a)(ii). 

“Builder’s Trials Expiry Date” has the meaning set out in Clause 7(a); 

“Buoy System” means two (2) buoys located in a water depth of approximately two hundred fifty (250) feet that are to be designed and
constructed by APL, each having eight (8) mooring lines and anchor points, including, but not limited to, associated flexible risers and riser manifolds for connection to the flowlines, capable of accepting up to 750 mmScf per buoy from the
SRVs. 
 “Changes” has the meaning set out in Clause 42(a). 

“Changes Notice” has the meaning set out in Clause 42(a). 

“Charterer” has the meaning set out in the Preamble. 

“Charterer Affiliated Transferee” has the meaning set out in Clause 21(a)(iii). 

“Charterer’s Maximum LNG Carrier Changes” has the meaning set out in Clause 42(a). 

“Charterer’s Representatives” has the meaning set out in Clause 20, unless when used in Schedule X, when it shall have the meaning set out in
paragraph 3 of Schedule X. 
 “Charterer’s Group” has the meaning set out in Clause 68(a). 

  
 2 

Execution version re Hull 1689 

 “Classification Society” has the meaning set out in Clause 2(a). 

“Code” means the United States Internal Revenue Code of 1986, as amended. 

“Commercial Operations” has the meaning set out in Schedule X. 

“Commissioning and Testing” has the meaning set out in Clause 7(a)(i). 

“Commissioning Period” has the meaning set out in Clause 7(a)(ii). 

“Compulsory Insurance” has the meaning set out in paragraph 4(a) of Schedule IV. 

“Consent and Agreement” means the agreement to be entered into in accordance with Clause 14(c) substantially in the form of Schedule VII. 

“Delivery” has the meaning set out in Clause 5(a). 

“Delivery Date” has the meaning set out in Clause 6(a)(i). 

“Deepwater Port” has the meaning set out in Clause 7(a). 

“Discharge Period” has the meaning set out in paragraph 9 of Appendix I to Schedule I. 

“Discharge Point” has the meaning set out in paragraph 11(a) of Appendix I to Schedule I. 

“Downstream Systems” means all infrastructure and systems downstream of the Buoy System’s pipeline end manifold. 

“Drydocking Allowances” means the allowance periods allocated in respect of scheduled drydocking as set out in Clause 25(g); 

“Flag State” has the meaning set out in Clause 14(a)(i). 

“Final Trial Period” has the meaning set out in Clause 7(k). 

“First Trial Period” has the meaning set out in Clause 7(a)(ii). 

“Force Majeure” has the meaning set out in the Building Contract, unless when used in Schedule X, when it shall have the meaning set out in
paragraph 7 of Schedule X. 
 “Forward Reference Swap Rate” means the rate as defined in paragraph 1.1(b) of Schedule III. 

“Gas Day” has the meaning set out in Clause 27(g)(ii). 

“Gas Nomination Procedures” has the meaning set out in Clause 27(g)(ii). 

“Guaranteed Regas Rate” has the meaning set out in Clause 7(f). 

“GTT” means the LNG-containment system designer, GasTransport & Technigaz. 

  
 3 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 “HSE” has the meaning set out in Clause 74(c). 

“Hire Periods” has the meaning set out in paragraph 2.3 of Schedule III. 

“Hire Rate” has the meaning set out in paragraph 1 of Schedule III 

“ICC” and “ICC Rules” have the meaning set out in Clause 53. 

“ISM Code” has the meaning set out in Clause 74(a)(i). 

“ISPS Code” has the meaning set out in Clause 58. 

“Initial Charter Period” has the meaning set out in Clause 5(a). 

“Insured Value” has the meaning set out in paragraph 1(a) of Schedule IV. 

“LIBOR” means the London Inter-Bank Offered Rate for United States Dollars per annum which appears on the Telerate Monitor (page 248/249 or any
replacement of such page) determined at or about 11:00 a.m. London time, as quoted on the date from which interest is accrued under this Charter for a ***** month period. 

“LNG” has the meaning set out in Clause 2(b). 

“LNG Carrier Changes” has the meaning set out in Clause 42(a). 

“Manufacturers’ Protocols” means, with respect to any Regasification Component, the scheduled maintenance protocol recommended by the Builder
and/or the manufacturer of that Regasification Component. 
 “Master Maintenance and Repair Plan” means the maintenance and repair plan (including
voyage and dry-dock maintenance and repairs) of the Vessel proposed and approved in accordance with Clause 25(f). 
 “MTSA” has the meaning set
out in Clause 58. 
 “mmscf/d” means million standard cubic feet per day. 

“No Fault Termination Date” has the meaning set out in Clause 6(r). 

“Nominated Discharge Rate” has the meaning set out in Clause 27(g)(ii). 

“Normal Performance” has the meaning set out in Clause 27(g). 

“Notice of Readiness to Discharge Gas” has the meaning set out in paragraph 7 of Schedule X. 

“Off-hire Allowance” has the meaning set out in Clause 24(h). 

“Owner” has the meaning set out in the Preamble. 

  
 4 

Execution version re Hull 1689 

 “Owner Affiliated Transferee” has the meaning set out in Clause 21(b)(ii). 

“Owner’s Group” has the meaning set out in Clause 68(a). 

“Owner’s Guarantee” means the guarantee to be issued by Owner’s Guarantors in accordance with Clause 69 in the form of Schedule VIII.

 “Owner’s Guarantors” has the meaning set out in Clause 69. 

“Ownership Undertaking” means the letter of undertaking to be provided by Suez SA in the form of Schedule IX. 

“Performance Period” has the meaning set out in paragraph 7 of Appendix 1 to Schedule I. 

“Permitted Encumbrances” has the meaning set out in Clause 14(c). 

“Policy” has the meaning set out in Clause 56. 

“Primary Terminals” has the meaning set out in Clause 5(a) and “Primary Terminal” means any one of them. 

“Progress Reports” has the meaning set out in Clause 6(e). 

“Redelivery” has the meaning set out in Clause 6(q). 

“Reduced Performance” has the meaning set out in Clause 27(g)(ii). 

“Reduced Rate” means the rate of hire calculated in accordance with paragraph 4 of Schedule III. 

“Regasification Components” means all machinery and equipment on board the Vessel related to the capability of the Vessel to regasify LNG and
discharge regasified LNG, including, but not limited to, the following principal components: shell and tube vaporizers; high pressure LNG pumps; high pressure submerged turret loading swivel; and metering units. 

“Regasification Technology” means all inventions, patents, patent applications, copyrights, trade secrets, know-how and other confidential and
otherwise proprietary business and technical information associated with the design, construction and operation of the process piping, valves, controls and equipment used for the pressurization and vapourization of LNG, and includes the physical
location starting at the inlet to the LNG phase separator where entrained vapor is separated from the LNG feed to the LNG booster pumps, continuing through the booster pumps where LNG is pumped to high pressure to the LNG vapourizers that utilize a
heating medium to vaporize and superheat the LNG, and ending at the discharge of the LNG vapourizers where the high pressure gas is sent to the gas outlet piping. Regasification Technology includes all integration of controls required for operation
of vaporization but does not include: (a) the cargo transfer pumps used to transfer LNG from storage to the phase separator or (b) equipment used to supply the heating medium for the LNG vaporizers. 

“Regas Tests” has the meaning set out in Clause 7(b). 

  
 5 

Execution version re Hull 1689 

 “Regas Tests Acceptance Certificate” means the certificate to be signed by the parties in accordance
with the provisions of Clause 7 in the form of Schedule VI. 
 “Regas Tests and Commissioning Procedures” has the meaning set out in Clause
7(c). 
 “Reimbursable Insurances” has the meaning set out in paragraph 6 of Schedule IV. 

“Relevant Event” has the meaning set out in Clause 7(q). 

“Responsible Parties” has the meaning set out in Clause 58(a)(i). 

“Review Item” has the meaning set out in Clause 10(f). 

“Second Trial Period” has the meaning set out in Clause 7(h). 

“Specifications” has the meaning set out in Clause 2(c). 

“SRV” means the LNG shuttle and regasification vessels to be owned by Owner and that Owner will cause to be designed and constructed, and which are
capable of (i) loading LNG supply at one (1) or more locations to be designated by Charterer, (ii) off-loading vaporized LNG at the Buoy System, and/or (iii) off-loading LNG at one (1) or more locations as may be designated
by Charterer from time to time. 
 “SRV Technology” means all inventions, patents, patent applications, copyrights, trade secrets, know-how and
other confidential and otherwise proprietary business and technical information associated with the design, construction and operation of the SRV. 

“SRV Fleet” has the meaning set out in Clause 14(c)(ii). 

“SRV Operating Manual” means the operating manual detailing in a comprehensive manner the operation of the SRV and the Buoy System as proposed by
Owner and approved by appropriate government entities and Charterer in accordance with Clause 25(i). 
 “STCW” has the meaning set out in Clause
3(a)(iii). 
 “STCW Code” has the meaning set out in Clause 3(a)(iii). 

“Taxes” means any taxes, levies, imposts, duties, or withholdings imposed by any country or any political subdivision or taxing authority thereof or
therein in accordance with applicable law in force from time to time in the relevant taxing jurisdiction. 
 “Term” has the meaning set out in
Clause 5(c). 
 “Terminal” has the meaning set out in Schedule X. 

“Test Rate” has the meaning set out in Clause 7(b). 

“Third Party Transferee” has the meaning set out in Clause 21(a)(iv). 

  
 6 

Execution version re Hull 1689 

 “Tripartite Agreement” has the meaning set out in Clause 6(g)(iii). 

“Unscheduled Maintenance” has the meaning set out in Clause 25(d). 

“Unscheduled Maintenance Allowance” means the allowance periods allocated in respect of Unscheduled Maintenance as set out in Clause 25(d). 

“Vessel” has the meaning set out in the Preamble. 

“Vessel on Station” has the meaning set out in paragraph 3 of Schedule X. 

Any reference to “port” shall include: (i) a port, berth dock, offshore loading facility or offshore unloading facility suitable for berthing,
loading or unloading an LNG Vessel; and (ii) the Buoy System. 
  

	2.	Description and Condition of Vessel 

 At the Delivery Date (as defined in Clause 6) of the Vessel under
and throughout the Term (as defined in Clause 5) of this Charter: 
  

	 	(a)	she shall be classed Det Norske Veritas (the “Classification Society”), which classification shall bear the following notations: 

X1A1 Tanker for Liquefied gas, ship type 2G (Membrane tank, Maximum pressure 25 kPaG, Minimum
temperature -163°C), NAUTICUS (Newbuilding) PLUS-2, CSA-2, CLEAN, E0, F-AMC, ICS, TMON, DYNPOS-AUT, STL, BIS, NAUT-AW 
  

	 	(b)	she shall be in every way fit for the safe loading, discharging, handling and carrying of liquefied natural gas (“LNG”) in bulk at atmospheric pressure, the regasification of LNG, and the discharge of
regasified LNG; 

  

	 	(c)	she shall be constructed to the requirements listed in the vessel specifications appended to the Building Contract (the “Specifications”) and the requirements of the Vessel’s Classification Society for
vessels carrying LNG in bulk; 

  

	 	(d)	she shall be tight, staunch, strong, in good order and condition, and in every way fit for the service of carrying and regasifying LNG and unloading LNG and regasified LNG, with her machinery, boilers, hull, cargo
installation, including gauging and other equipment suitable for measuring the level and temperature of LNG loaded on board the Vessel, and any other equipment (including but not limited to hull stress calculator, radar, computers and computer
systems) in a good and efficient state; 

  

	 	(e)	her tanks, valves and pipelines shall be liquid- and gas-tight; 

  

	 	(f)	she shall be in every way fitted for burning, as fuel, at sea and in port the fuels as set forth in Schedule I and capable of full operations when burning one hundred percent (100%) natural gas in lieu of fuel oil
(except for the burning of pilot fuel as specified in Schedule I); 

  
 7 

Execution version re Hull 1689 

	 	(g)	she shall have her insulation spaces prepared as per her containment system design conditions; 

  

	 	(h)	she shall have on board all certificates, permits, records or other documents required by the conventions, laws, regulations or requirements referred to in Clause 2(l) below, including ISM Certification, and equipment
required from time to time by any applicable law to enable her to perform, subject to the notice provisions set out in Clause 4(a), the charter service without delay; 

 

	 	(i)	she shall comply with the regulations in force so as to enable her to pass through the Suez Canal to the extent such regulations permit passage by LNG carriers; 

 

	 	(j)	she shall comply with the description in Schedule I attached hereto; provided, however, that if there is any conflict between Schedule I and any other provision of this Charter (including Clause 2, but excluding the
Specifications which shall have a lower priority than Schedule I), such other provision of this Charter shall govern; 

  

	 	(k)	she shall be capable of operating with no venting of boil-off gases to the atmosphere, but shall be capable of venting if circumstances so require and if governmental authorities and other authority and safety of the
Vessel so permit; and 

  

	 	(l)	she shall be in full compliance with all applicable international conventions, safety and security standards, applicable permits, laws, regulations, and/or other requirements of the country of her registry, her Flag
State (as defined in Clause 14), and any other country, port or place to which she may be ordered hereunder, and all applicable regulations and/or requirements of any terminals or facilities in such ports or places where she may load or discharge in
accordance with Schedule I, Appendix 1, paragraph 1. 

  

	3.	Shipboard Personnel and their Duties 

  

	 	(a)	At the Delivery Date of the Vessel under and throughout the Term of this Charter: 

  

	 	(i)	 she shall have a full and efficient complement of master, officers and crew for a vessel of her type, who shall in any event be not less than the
number required by the laws of the Flag State and who shall be trained to operate the Vessel and her equipment competently and safely with the ability, experience, licenses and training commensurate with the performance of their duties in accordance
with internationally accepted standards as adopted on first class LNG carriers and, when such standards become available, on vessels with on-board regasification and as required by applicable governmental authorities and any labor organization
having jurisdiction over the Vessel, her officers or crew. Furthermore, Owner 

  
 8 

Execution version re Hull 1689 

	 	
undertakes that the officers and crew of the Vessel will have sufficient training in relation to operation of an SRV in order to fully perform their duties; 

 

	 	(ii)	all shipboard personnel shall hold valid certificates of competence in accordance with the requirements of the laws of the Vessel’s Flag State and other certificates generally held by personnel on LNG carriers and,
as applicable, when relevant standards become available, on vessels with on-board regasification operated by prudent owners. In case of change of trading pattern, Charterer will provide timely notice so as to facilitate such recertification as may
be reasonably practicable; 

  

	 	(iii)	all shipboard personnel shall be trained and certified to a standard customary for first class LNG carriers and, when such standard becomes available, for vessels with on-board regasification in accordance with the
relevant provisions of the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers, 1978, as amended (the “STCW”) and the code related thereto (the “STCW Code”), including any future
amendments, supplements or replacements of the STCW or the STCW Code and such personnel shall subscribe to a policy accepted by Charterer regarding the use of alcohol and drugs established pursuant to Clause 56; 

 

	 	(iv)	the master, chief engineer, all cargo engineers and all deck officers shall be required to have a good working knowledge of English and shall maintain all reports with respect to the Vessel in English. All helmsmen
shall be required to have good working knowledge of English, and there shall be on board sufficient personnel, with a good working knowledge of the English language to enable cargo operations at loading and discharging places to be carried out
efficiently and safely and to enable communications between the Vessel and those loading the Vessel or accepting discharge therefrom to be carried out quickly and efficiently. 

While at the berth of the receiving facilities and the loading facilities the Vessel’s cargo control room shall be manned by at least one
(1) officer having a good working knowledge of the English language; and 
  

	 	(v)	the terms of employment of the Vessel’s staff and crew will always remain acceptable to the International Transport Worker’s Federation and the Vessel will at all times carry a Blue Card. 

 

	 	(b)	Owner guarantees that throughout the Term of this Charter the master shall with the Vessel’s officers and crew, unless otherwise ordered by Charterer: 

 

	 	(i)	prosecute all voyages with the utmost dispatch; 

  

	 	(ii)	render all customary assistance; and 

  
 9 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(iii)	load and discharge cargo as rapidly as possible when required by Charterer or its agents to do so, by night or by day, but always in accordance with the laws of and subject to the capabilities of the facilities at the
place of loading or discharging (as the case may be) and in each case in accordance with any applicable laws of the Flag State. 

  

	 	(c)	Owner shall appoint Höegh LNG AS as managers of the Vessel, who shall be entitled to sub-contract such management to a sub-contractor approved by Charterer (such consent not to be unreasonably withheld, conditioned
or delayed) and shall not change or replace such managers except with the consent of Charterer, such consent not to be unreasonably withheld, conditioned or delayed. For purposes of this Clause 3(c), Höegh Fleet Services AS shall be a
sub-contractor approved by Charterer. 

  

	 	(d)	Owner shall cause such managers to manage and operate the Vessel in accordance with standards no lower than the standards generally applicable to prudent owners of first-class LNG carriers and, when such standards
become available, of vessels with on-board regasification. 

  

	 	(e)	If Charterer considers, on reasonable and properly documented grounds, that Owner is not complying in all material respects with its obligations under this Clause 3, then Charterer may so notify Owner in writing. If,
after the expiration of ***** days following receipt by Owner of such notice, Owner has failed to rectify such non-compliance, then Charterer shall have the right, without prejudice to its other rights hereunder, to require Owner promptly to change
the manager of the Vessel to Charterer’s reasonable satisfaction. 

  

	4.	Duty to Maintain 

  

	 	(a)	Throughout the Term of this Charter, Owner shall, whenever the passage of time, wear and tear or any event (whether or not coming within Clause 30) requires steps to be taken to maintain or restore the conditions
stipulated in Clauses 2 and 3(a), exercise due diligence so to maintain or restore the Vessel; provided always that Charterer shall give Owner adequate notice of the Vessel’s intended trading pattern and any change therein to enable Owner to
take any steps required by this Clause 4(a) and/or otherwise required to comply with Clause 3(a) as a result of such trading pattern or change and provided further that during periods in dry-dock pursuant to Clause 25, or in lay-up pursuant to
Clause 34 or undergoing modifications or changes pursuant to Clause 42, the standard of diligence shall be the standard ordinarily applied by prudent owners to vessels of the same type in the same circumstances. 

 

	 	(b)	 If at any time while the Vessel is on hire under this Charter the Vessel fails to comply with the requirements of Clauses 2, 3(a), 13 or 14, then hire
shall be reduced to the extent necessary to indemnify Charterer for any costs directly incurred by Charterer as a result of such failure. If, and to the extent that, such failure affects the time taken by the Vessel to perform any services under
this 

  
 10 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
Charter, hire shall be reduced by an amount equal to the value of the time so lost, calculated at the rate of hire. Any reduction of hire under this Clause 4(b) shall be without prejudice to
any other right or remedy available to Charterer, but where such reduction of hire is in respect of time lost, such time shall be excluded from any applicable calculation under Clause 27. 

 

	 	(c)	If Owner is in breach of its obligation under Clause 4(a), Charterer may so notify Owner in writing; and if, after the expiry of ***** days following the receipt by Owner of any such notice, Owner has failed to
demonstrate to Charterer’s reasonable satisfaction the exercise of due diligence as required in Clause 4(a), the Vessel shall be off-hire, and no further hire payments shall be due, until Owner has so demonstrated to Charterer’s reasonable
satisfaction that Owner is exercising such due diligence. 

  

	 	(d)	Owner shall advise Charterer immediately, in writing, should the Vessel fail an inspection by a governmental and/or port state authority and/or a Primary Terminal. Owner shall simultaneously advise Charterer of its
proposed course of action to remedy the defects which have caused the failure of such inspection. 

  

	 	(e)	If the failure of an inspection or any finding of an inspection referred to in Clause 4(d) actually prevents the Vessel from normal commercial operations, then Charterer shall have the option to place the Vessel
off-hire from the date and time that the Vessel actually becomes commercially inoperable until the date and time that the Vessel again is able to resume normal commercial operations; provided, however, that the Vessel shall not be on hire thereafter
until such time as she is in a geographical position no less favorable to Charterer than the geographical position at which she went off-hire. Notwithstanding the foregoing, any service given or distance made good by the Vessel whilst off-hire under
the provisions of this Clause 4(e) (and the cost of bunkers, diesel oil, marine gas oil and boil-off which would have been used or lost to give such service or to make good such distance while so off-hire) shall be taken into account in assessing
the amount to be deducted from hire. For the purposes of this Clause 4(e), “normal commercial operations” and “commercially operable” means that the Vessel is not or will not be prevented from entering any port to which Charterer
instructed the Vessel or, as the case may be, from loading or discharging cargo at any Primary Terminal to which Charterer instructed the Vessel, in either case by reason of a failure of an inspection or any finding by a governmental and/or port
state authority or a failure of an inspection by a Primary Terminal on the basis of a violation of the criteria set by that Primary Terminal when the Vessel was first approved under a compatibility study relative to that Primary Terminal under the
conditions of third-party usage generally applicable at that Primary Terminal (as such criteria and conditions of third-party usage may be amended from time to time). 

 

	 	(f)	Furthermore, if any period of off-hire under Clause 4(c) exceeds ***** consecutive days, then Charterer may, if it chooses to do so by giving written notice thereof to Owner, terminate this Charter with effect from the
date on which such notice is received by Owner or from any later date stated in such notice. 

  
 11 

Execution version re Hull 1689 

 This Clause 4 is without prejudice to any rights of Charterer or obligations of Owner under this
Charter or otherwise (including without limitation Charterer’s rights under Clause 24). 
  

	5.	Period and Trading Limits 

  

	 	(a)	 Subject to Clauses 6 and 22(b), Owner agrees to let and Charterer agrees to hire the Vessel for a minimum period of about twenty (20) years
commencing on the delivery of the Vessel in accordance with Clause 6 (“Delivery”) and ending when the Vessel is redelivered to Owner in accordance with Clause 6 on the twentieth (20th) anniversary of the Delivery Date, plus or minus
sixty (60) days, at 2400 hours GMT (the “Initial Charter Period”), for the purpose of carrying LNG cargo. Charterer intends that the Vessel shall be employed primarily between the loading terminals and the discharge terminals
specified in Appendix I to Schedule I hereto (the “Primary Terminals”). Nonetheless, but subject to the following provisions, the Vessel shall trade between any other parts of the world, as Charterer shall direct, but excluding
countries which at any time during the currency of this Charter are sanctioned by the UN Security Council or the government of the Flag State or countries to which it would be illegal for the Vessel to trade under laws to which Owner or the Vessel
are subject, subject always to Clauses 31 and 42(d) and the limits of the current Norwegian Institute Warranties and any subsequent amendments thereof. If Charterer directs the Vessel to any LNG loading or receiving facilities other than Class 1
Primary Terminals, Charterer shall give notice to Owner sufficiently in advance thereof so as to enable Owner to comply with health, safety, environmental or other similar regulations applicable to such other terminals including any alteration or
modification required to the Vessel to meet the interface requirements of such other terminals. Charterer shall provide to Owner all relevant information required to meet the interface requirements of such terminals as soon as possible. All
reasonable costs incurred in implementing such modifications to the Vessel (and their later removal, if required to comply with the terms of this Charter), including the time taken to implement such modifications and to comply with such regulations,
necessary to allow the Vessel to load or discharge at such other terminals, shall be for Charterer’s account and shall be reimbursed to Owner in accordance with Schedule III. Upon completing such modifications, the terminal in respect of which
such modifications are made, and/or any terminal where a compatibility study has been successfully completed in respect of the Vessel, shall be considered a Class 1 Primary Terminal and shall be added to the list of Class 1 Primary Terminals in
Appendix I to Schedule I. Charterer shall also be responsible, and shall reimburse Owner in accordance with Schedule III, for all such reasonable costs incurred, including the necessary time taken, should the interface requirements of or the
regulations applicable to the Primary Terminals be altered after the date of the Vessel’s delivery under this Charter. Charterer’s rights under this paragraph (a) to order the Vessel to such terminals other than Primary Terminals are
subject to Clause 38; provided, however, that Owner consents thereto, such consent not to be unreasonably withheld or delayed and provided further that Charterer pays for any insurance premium required by the Vessel’s underwriters as a
consequence of such order 

  
 12 

Execution version re Hull 1689 

	 	
and for the cost of procuring any documentation required to enable the Vessel to trade to or enter any jurisdiction outside such trading limits. The Vessel is not to force ice or follow ice
breakers. 

  

	 	(b)	Charterer shall use due diligence to ensure that the Vessel is employed between and at safe places (which expression when used in this Charter shall include ports, berths, wharves, docks, anchorages, submarine lines,
alongside vessels or lighters and other locations including locations at sea) where she can safely lie always afloat, it being understood and agreed that Charterer does not warrant the safety of any place to which it orders the Vessel and shall be
under no liability in respect thereof except for loss or damage caused by Charterer’s failure to exercise due diligence as aforesaid. So far only as concerns matters pertaining to the Vessel’s draft or dimensions or the physical nature or
characteristics of any port or other place at which the Vessel is employed, Charterer shall be deemed to have met its obligation to exercise due diligence where LNG carriers of similar dimensions owned or chartered by first class parties unrelated
to Charterer are also being sent to the same port or place in the same general time frame. Except where insurance can be obtained in relation to such operations or unless mutually agreed, Charterer may not require LNG ship-to-ship transfer
operations for any reason other than in the interests of safety of the Vessel, crew and environment but subject always to the master’s reasonable discretion that such operation is, and remains, safe. If for any reason the Vessel’s cargo is
transshipped, such ship-to-ship transfer operation shall conform to standards not less than those set out in the latest published edition of the SIGTTO Ship-to-Ship Transfer Guide (Liquefied Natural Gas), if and when adopted and as amended from time
to time, and Charterer shall reimburse Owner in accordance with Schedule III for any documented additional premiums required by the Vessel’s underwriters and/or the cost of insuring any deductible under the Vessel’s hull policy as well as
all reasonably incurred expenses in relation to any such ship-to-ship transfer operations unless such ship-to-ship transfer operation is attributable to the actual fault or privity of Owner. 

 

	 	(c)	For purposes of this Charter, the “Term” of this Charter shall mean the period beginning upon Delivery of the Vessel by Owner to Charterer pursuant to Clause 6(a) and ending at the Redelivery (as defined in
Clause 6) of the Vessel from Charterer to Owner pursuant to Clause 6(o) (whether at the end of the Initial Charter Period or any extension thereof) or such earlier time as this Charter is terminated in accordance with the terms hereof.

  

	6.	Delivery and Redelivery; Extension of Charter; No Fault Termination of Charter 

  

							
		 	(a)	 	(i)	  	Subject to Clause 6(b) below, the Vessel shall, as and when ready at the building yard, be delivered by Owner to Charterer with successful sea trials and gas trials completed and with cargo tanks containing LNG vapor, inert gas or
fresh air, at Owner’s option, at the building yard upon dropping outbound pilot on 30 April 2010 (as that date may be postponed in accordance with this Clause 6, the “Anticipated Delivery Date”). Except as otherwise
provided in Clause 6(h), Charterer shall notify Owner not

  
 13 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

							
		 		 		  	later than ***** business days after completion of sea and gas trials as to whether Charterer will accept or reject the Vessel. If Charterer notifies Owner of its rejection, Charterer shall include in its notice the specific reasons
for such rejection. If Charterer notifies Owner of its acceptance, Owner shall notify Charterer of the date and time when delivery of the Vessel will take place. Subject to Charterer’s right, if any, to receive a refund of hire in accordance
with Clause 7(o)(i); the commencement of hire shall take place upon delivery of the Vessel by Owner to Charterer, which shall be effected upon Charterer’s signature of the protocol of delivery and acceptance immediately following Owner’s
acceptance of delivery from Builder.
				
		 		 		  	Owner shall provide to Charterer approximate notice of the date on which the Delivery of the Vessel shall occur:
				
		 		 		  	 (1)         no later than *****days before the Anticipated Delivery Date;

				
		 		 		  	 (2)         no later than ***** days before the Anticipated Delivery Date;
and

				
		 		 		  	 (3)         no later than ***** days before the Anticipated Delivery Date.

				
		 		 		  	Thereafter, Owner shall provide to Charterer firm notice of the date on which the Delivery of the Vessel shall occur no later than *****days before the Anticipated Delivery Date, and shall provide Charterer with a final confirmation
of such date not later than ***** days in advance thereof.
				
		 		 		  	If Owner fails to give notice to Charterer in accordance with the procedure set out above, then the Delivery Date shall be the date most recently notified or such earlier date as Charterer and Owner may agree (the date of actual
delivery of the Vessel to Charterer being the “Delivery Date”).
				
		 		 	(ii)	  	Owner has executed a Building Contract (the “Building Contract”) with Samsung Heavy Industries Co., Ltd. (“Builder”) as identified under Schedule I. Acceptance of the Vessel by Charterer shall not be construed as
a waiver or discharge of any of the representations, warranties or undertakings made by Owner in or with respect to this Charter.
				
		 	(b)	 	(i)	  	The Anticipated Delivery Date shall be postponed:

  

	 	(1)	to the date specified, if any, in change orders agreed to or requested by Charterer and agreed to by Owner and Builder or issued pursuant to Clause 10(n), which expressly authorize an extension of the time of delivery
of the Vessel by Builder; 

  

	 	(2)	by the period of delay caused by Builder completing modifications in compliance with changes in the rules of the Classification Society or other statutory or regulatory bodies, to the extent that 

  
 14 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
such delay (i) entitles the Builder to an extension of the delivery date under the Building Contract and (ii) was not caused, in whole or in part, by Owner’s failure to make a
timely decision as to modifications affecting the Vessel, provided that if Owner’s failure to make a timely decision is due in whole or in part to Charterer’s failure to timely decide and/or notify Owner of its decision, then compliance
with this Clause 6(b)(i)(2)(ii) shall not be required in order to postpone delivery of the Vessel hereunder; 

  

	 	(3)	by the period of delay in construction of the Vessel due to an event of Force Majeure (as defined in the Building Contract) affecting Builder’s ability to deliver the Vessel under the Building Contract or
Owner’s ability to perform under this Charter, provided Owner has given the applicable notices to Charterer pursuant to Clause 6(b)(ii) and such delay entitles the Builder to an extension of the delivery date under the Building Contract; and

  

	 	(4)	by any period of delay in the delivery of the Vessel arising as a result of unfavorable weather conditions delaying sea trials or gas trials, but only to the extent Builder is entitled to an extension of the delivery
date under the Building Contract as a result thereof. 

  

	 	(ii)	Delays on account of such causes as are provided for in this Clause 6(b) shall be understood to be permissible delays and are to be distinguished from unauthorized delays for which no revisions in the Anticipated
Delivery Date shall be permitted. For the avoidance of doubt, unauthorized delays for which no such revisions shall be permitted shall include, but shall not be limited to, delays caused by Owner’s failure to be present for any trials conducted
by the Builder in accordance with the Building Contract and delays caused by Owner’s failure to deliver Owner’s Supplies (as defined in the Building Contract) in a timely manner according to the Building Contract. Within ***** days after
being notified of the occurrence of any event of Force Majeure suffered by Builder affecting Owner’s ability to perform under this Charter and on account of which Builder is claiming an extension of the delivery date of the Vessel under the
Building Contract, Owner shall pass on to Charterer all notices received by Owner from Builder, notifying Owner of the occurrence of such event of Force Majeure, the date such event of Force Majeure commenced and the reasons therefor, the expected
duration of such event as well as, within ***** days after being notified of the event of Force Majeure, the period by which the Anticipated Delivery Date is postponed by reason of such delay. Owner shall use reasonable endeavors to enforce its
rights in the Building Contract so as to minimize such period of delay. Owner shall give Charterer revised written notices from time to time if and when Owner obtains material additional information from Builder regarding the event of Force Majeure.
Likewise, within ***** days after becoming aware that such event has ended, Owner shall notify Charterer in writing accordingly. 

  
 15 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(iii)	In the event that Owner delivers the Vessel to Charterer after the Anticipated Delivery Date, as such date may be postponed pursuant to sub-Clauses (i) and (ii) above, but without regard to any revision to the
Anticipated Delivery Date pursuant to Clauses 6(f) or 6(g) below, then from and including the ***** day following the Anticipated Delivery Date to and including the ***** day following the Anticipated Delivery Date, Owner shall pay Charterer *****
***** United States Dollars (US$*****) per day, for each full day that delivery of the Vessel is delayed; 

  

	 	(iv)	The total amount payable under this Clause 6(b) shall not, however, exceed ***** United States Dollars (US$*****) and Owner shall, upon payment thereof to Charterer, have no further liability on account of the delay in
delivery under this Charter. 

  

	 	(c)	If, on account of non-permissible delay, Owner fails to deliver the Vessel within ***** days of the original Anticipated Delivery Date, as extended for reasons specified in Clause 6(b)(i)(1), (b)(i)(2), (b)(i)(3) or
(b)(i)(4) above, Charterer shall have the right to cancel this Charter. If, on account of non-permissible and permissible delay, Owner fails to deliver the Vessel within ***** days of the original Anticipated Delivery Date, as extended for reasons
specified in Clause 6(b)(i)(1) or (2) above, Charterer shall have the right to cancel this Charter. 

  

	 	(d)	 Charterer shall be entitled, at its option, to defer the Delivery Date (the “Deferral Option”) by a period of not more than (i) *****
days by giving to Owner written notice of such deferral at least ***** days in advance of the then scheduled Anticipated Delivery Date or (ii) *****days by giving to Owner written notice of such deferral at least ***** days in advance of the
then scheduled Anticipated Delivery Date. Charterer’s option to defer the Delivery Date as herein provided may be exercised by Charterer at no additional cost to Charterer for the first ***** *****days of such deferral; provided that Charterer
shall pay to Owner for any period of deferral in excess of ***** days an amount per day of such deferral, commencing with the ***** day after the then scheduled Anticipated Delivery Date, equal to the aggregate of the costs Owner is obligated to pay
in respect of (i) Builder’s lay up costs accumulated until the actual delivery of the Vessel, (ii) any foregone interest on the ***** installment of the contract price for the Vessel calculated at a rate of LIBOR + *****% and,
(iii) Owner’s reasonable costs (as offset by Owner’s gains, if any), including without limitation additional interest costs in connection with Owner’s financing of the Vessel, incremental supervision costs, if any, and any
adjustment (positive or negative) to the cost of swap for fixing the rate of interest, directly attributable to such deferral. Any amounts payable by Charterer to Owner as a result of the exercise by Charterer of the option to defer the delivery of
the Vessel under this Clause 6(d) shall be paid after Owner’s presentation to Charterer of reasonable documentation substantiating 

  
 16 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
payment of such amounts by Owner either (i) in the same manner and at the same time as the first payment of hire falling due after such presentation or (ii) by means of an adjustment to
the hire rate pursuant to paragraph 1.1(c) of Schedule III, at Charterer’s option. 

  

	 	(e)	Owner shall provide Charterer with monthly reports (“Progress Reports”) advising of progress on the construction of the Vessel, including all design and construction drawings related to SRV aspects of the
Vessel. The first Progress Report shall be provided within ***** month after the date of execution of this Charter. Each Progress Report shall be in writing in a form from time to time proposed by Owner and approved by Charterer, such approval not
to be unreasonably withheld, conditioned or delayed, and shall include statements of any events or circumstances which may cause the Delivery Date to be delayed and the estimated period of such delay. Owner shall also deliver to Charterer (within
***** days of Owner’s receipt thereof) copies of any reports submitted by Builder to Owner under the Building Contract. 

  

	 	(f)	If the circumstances that give Charterer the right to cancel this Charter under Clause 6(c) arise, Owner may, without undue delay, give written notice to Charterer requesting Charterer to elect to cancel this Charter or
not and specifying a reasonable new date as the Anticipated Delivery Date. Within ***** days after receiving such notice, Charterer shall give written notice to Owner advising Owner of Charterer’s decision. If Charterer elects to continue this
Charter, the new date so specified by Owner and agreed by Charterer shall become the new Anticipated Delivery Date. If delivery hereunder is not effected on or before such new Anticipated Delivery Date, Charterer shall again have the right to cancel
this Charter upon the terms provided in this Clause 6(f). 

  

	 	(g)	If Owner, pursuant to any provision under the Building Contract related to delay in delivery of the Vessel, has the right to cancel the Building Contract, Owner shall promptly so notify Charterer in writing, indicating
in such notice whether Owner desires to cancel the Building Contract and requesting Charterer to elect to cancel this Charter or not and specifying a reasonable new date as the Anticipated Delivery Date. Within ***** days after receiving such
notice, Charterer shall give written notice to Owner advising Owner of Charterer’s decision. 

  

	 	(i)	If Charterer elects to cancel this Charter, this Charter shall terminate without liability to either party. 

  

	 	(ii)	If both Charterer and Owner desire to continue this Charter, this Charter shall continue, and the new date so specified by Owner shall become the Anticipated Delivery Date. 

 

	 	(iii)	 If Charterer desires to continue this Charter, but Owner desires to cancel the Building Contract, then the parties shall immediately enter into good
faith negotiations for a ***** day period to revise this Charter to compensate Owner for additional costs that Owner will incur as a result of 

  
 17 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
continuing the Building Contract under the circumstances. In the event that the parties cannot agree within such period, Owner shall offer to Charterer a novation of the Building Contract as
permitted by and contemplated in that certain agreement among Charterer, Builder and Owner, dated 7 April 2006 (the “Tripartite Agreement”), which novation shall entitle Owner to be reimbursed for any payment (including any interest
component thereof) made to Builder and all costs of supervision, supplies, financing and any other expenses reasonably incurred in connection with the Building Contract. Unless Charterer, within ***** days of receipt of Owner’s offer, agrees to
take a novation of the Building Contract, Owner may proceed to cancel the Building Contract and this Charter shall thereupon be null and void. Upon Charterer’s acceptance of such offer, the time period within which Charterer shall effect such
novation shall be governed by the Tripartite Agreement. 

  

	 	(iv)	If, following an adjustment to the Anticipated Delivery Date pursuant to Clause 6(g)(ii), delivery thereunder is subsequently delayed to the extent that Owner again has a right to cancel the Building Contract, Owner and
Charterer shall again follow the provisions of this sub-Clause (g) with respect to the exercise of such right. 

  

	 	(h)	If, following sea trials, Owner has the right to cancel the Building Contract by reason of the Vessel having any deficiency in speed, deadweight capacity or cargo tank capacity or having any excess in fuel consumption
or boil-off rate, Owner shall forthwith notify Charterer in writing indicating in such notice whether Owner desires to cancel the Building Contract and requesting Charterer to elect to cancel this Charter or not. Within ***** hours after receiving
such notice, Charterer shall give written notice to Owner advising Owner of Charterer’s decision. 

  

	 	(i)	If Charterer elects to cancel this Charter, this Charter shall terminate without liability to either party. 

  

	 	(ii)	If Charterer elects to continue with this Charter and accept the Vessel as tendered by Builder to Owner, then 

  

	 	(1)	the benefit of any reduction in the purchase price of the Vessel resulting from liquidated damages for deficiency or excess under Article III of the Building Contract will be passed directly to Charterer either
(i) by way of a hire reduction of ***** United States Dollars (US$*****) per day per ***** United States Dollars (US$*****) of price reduction, or (ii) if Owner receives such sum from Builder under the Building Contract in a lump sum,
either as a lump sum payment by Owner to Charterer within ***** days of the Delivery Date or, at Charterer’s option, by way of a hire reduction of ***** United States Dollars (US$*****) per day per ***** United States Dollars (US$*****) of
price reduction, in any such case in full satisfaction of any claims by Charterer in this respect; and 

  
 18 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(2)	the performance warranties and description of the Vessel will be adjusted pro tanto to reflect the Vessel’s actual performance, capacity or technical condition compared with the Vessel’s technical
specifications as warranted under the Building Contract. 

  

	 	(i)	If, following sea trials, the Vessel is shown to have any deficiency in speed, deadweight capacity or cargo tank capacity or to have any excess in fuel consumption or boil-off rate giving rise to a claim under the
Building Contract for liquidated damages (but not giving rise to a right on the part of Owner to cancel the Building Contract), then the benefit of any reduction in the purchase price of the Vessel resulting from liquidated damages for deficiency or
excess under Article III of the Building Contract will be passed directly to Charterer either (i) by way of a hire reduction of ***** United States Dollars (US$*****) per day per ***** United States Dollars (US$*****) of price reduction, or
(ii) if Owner receives such sum from Builder under the Building Contract in a lump sum, either as a lump sum payment by Owner to Charterer within ***** days of the Delivery Date or, at Charterer’s option, by way of a hire reduction of
***** United States Dollars (US$*****) per day per ***** United States Dollars (US$*****) of price reduction, in any such case in full satisfaction of any claims by Charterer in this respect and the performance warranties and description of the
Vessel will be adjusted pro tanto to reflect the Vessel’s actual performance, capacity or technical condition compared with the Vessel’s technical specifications as warranted under the Building Contract. 

 

	 	(j)	For the avoidance of doubt, Charterer’s right to a hire rate adjustment or a lump sum payment, as the case may be, pursuant to Clauses 6(h) or 6(i) shall be irrespective of Owner’s actual receipt of liquidated
damages or purchase price adjustments from Builder under the Building Contract. The amounts for which Owner shall be liable to Charterer for such deficiency or excess, either by way of their use in calculating a hire reduction or as a lump sum
payment, as the case may be, shall be as set forth in Article III of the Building Contract, which amounts are incorporated herein by reference. 

  

	 	(k)	In the event that Builder is made subject to any court order for the appointment of liquidator, winding up or dissolution, or passes any resolution in respect thereof and is thereby in default under the Building
Contract or is otherwise in default by virtue of equivalent process or proceedings having been instituted, or if Builder commits any material breach of its obligations under the Building Contract and fails to remedy such breach within ***** days of
being notified thereof by Owner, such that Owner has the right to cancel the Building Contract, then Owner shall promptly notify Charterer in writing indicating in such notice whether Owner desires to cancel the Building Contract and requesting
Charterer to elect to cancel this Charter or not. 

  

	 	(i)	If Charterer elects to cancel this Charter it shall terminate without liability to either party. 

  
 19 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(ii)	If both Charterer and Owner desire to continue this Charter it shall continue, subject to completion of the construction of the Vessel and her delivery being possible following Builder’s bankruptcy or similar event
as described in this Clause 6(k). 

  

	 	(iii)	Provided that completion of the construction of the Vessel and her delivery is possible following Builder’s bankruptcy or similar event as described in this Clause 6(k), if Charterer desires to continue this
Charter, but Owner desires to cancel the Building Contract, then the parties shall immediately enter into good faith negotiations for a *****-day period to revise this Charter to compensate Owner for additional costs that Owner will incur as a
result of continuing the Building Contract under the circumstances. In the event that the parties cannot agree within such period, Owner shall offer to Charterer a novation of the Building Contract as permitted by and contemplated in the Tripartite
Agreement (subject to the consent of any liquidator, administrator or other authorized person), which novation shall entitle Owner to be reimbursed for any payment (including any interest component thereof) made to Builder and all costs of
supervision, supplies, financing and any other expenses reasonably incurred in connection with the Building Contract. Unless Charterer, within ***** days of receipt of Owner’s offer, agrees to take a novation of the Building Contract, Owner may
proceed to cancel the Building Contract and this Charter shall thereupon be null and void. Upon Charterer’s acceptance of such offer, the time period within which Charterer shall effect such novation shall be governed by the Tripartite
Agreement. 

  

	 	(l)	In no event shall the Vessel perform any voyage (other than sea trials or gas trials) or take on LNG after completion of gas trials on behalf of Owner, or any other person, prior to the Delivery Date without
Charterer’s written consent. 

  

	 	(m)	Charterer shall have the option to extend this Charter beyond the Initial Charter Period for up to two (2) additional periods of five (5) years each. The options as to extension are to be declared by notice in
writing given by Charterer to Owner: 

  

	 	(i)	in the case of the first extension period no less than ***** days prior to the termination of the Initial Charter Period; and 

  

	 	(ii)	in the case of the second extension period, no less than ***** days prior to the termination of the first extension period. 

The Fixed Element payable during each extension period shall be an amount as calculated in accordance with paragraph 1.1(a) of Schedule III.

  
 20 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(n)	In the event that the first option under Clause 6(m) is not declared within the applicable time period, the subsequent option is irrevocably waived. 

 

	 	(o)	If Charterer elects for one (1) or more extension periods under Clause 6(m), the permitted dry-docking times and planned maintenance days set out in Clause 25 and the performance warranties set out in Clause 27,
will be revised so as to take effect from the commencement of each extension period to reflect the condition and performance of the Vessel reasonably to be expected and the dry-docking and maintenance reasonably to be required, taking into account
inevitable deterioration of an LNG carrier/SRV, notwithstanding prudent operation by her owner during a 20-year period and any extension periods. In the event that Owner and Charterer are unable to agree revised figures, the issue will be determined
by arbitration as provided in Clause 53 of this Charter and the arbitrators will substitute figures determined on the basis set out above. 

  

	 	(p)	Subject to Clause 6(o) and the maximum number of extension periods being two (2) in any event, the terms and conditions, including paragraph 1.1 of Schedule III, of this Charter shall remain unchanged during any
extension periods, unless expressly agreed otherwise in writing. 

  

	 	(q)	The Vessel shall be redelivered by Charterer to Owner on dropping outward pilot at one safe LNG port at Charterer’s option with tanks under LNG vapors and heel also at Charterer’s option. Charterer shall give
Owner ***** days’ approximate and, subject to the provisions of Clauses 5 and 22(b), ***** days’ firm written notice of the date and port of redelivery (“Redelivery”). 

 

	 	(r)	Charterer shall have the option, at any time after Delivery hereunder, to terminate this Charter without cause by providing irrevocable notice to Owner at least ***** years in advance of Charterer’s election (the
date of such termination being the “No Fault Termination Date”). The notice of no fault termination shall not be effective prior to the expiration of ***** years from the Delivery Date so that the No Fault Termination Date may not occur
prior to the expiration of *****years from the Delivery Date. On the No Fault Termination Date, Charterer shall pay to Owner a termination fee equal to the sum calculated in accordance with the provisions of paragraph 6 of Schedule III. Upon
Charterer’s payment of the termination fee, neither party shall have any further obligation or liability to the other under this Charter or in connection with the construction of the Vessel, provided that the provisions of Clauses 52, 53 and 68
shall survive the termination of this Charter under this Clause 6(r). The foregoing Charterer option shall be without prejudice and shall not affect any right of termination given to Charterer elsewhere in this Charter. 

 

	7.	Regas Tests 

  

	 	(a)	 Following Delivery of the Vessel under Clause 6, the Vessel shall proceed from the building yard to the first port of loading as instructed by
Charterer to load its first cargo of LNG and shall thereafter proceed with all due dispatch to the Buoy 

  
 21 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
System, located at the deepwater port in Massachusetts Bay, United States of America (the “Deepwater Port”) or, subject to Clause 7(r), any alternate APL Buoy System to which Charterer
instructs the Vessel: 

  

	 	(i)	for completion of the commissioning of (1) the Regasification Components, conducted in accordance with the provisions for testing under Article VI of the Building Contract (“Commissioning and Testing”),
(2) the Buoy System and (3) the Downstream Systems; 

  

	 	(ii)	followed by a period for testing of the Regasification Components, including time taken to discharge regasified LNG following completion of such testing (the “Commissioning Period”), so that the total number
of days, including the Commissioning Period but excluding any delays under Clause 7(q)(i), shall not exceed ***** days (the “First Trial Period”). 

Owner shall procure that the Builder shall conduct the regasification trials and testing in accordance with the provisions of the Building
Contract and the Specifications. Subject always to the provisions of Clause 7(s), the Commissioning and Testing shall be conducted with all due dispatch following completion of the commissioning of the Buoy System and the Downstream Systems and a
written notification from Charterer that the Buoy System and the Downstream Systems are ready and capable to receive regasified LNG, but shall be commenced in any event not later than a date falling ***** months from the Delivery Date plus any
extension of such date as Owner may obtain under Article VI, paragraph 8.1 of the Building Contract (the “Builder’s Trials Expiry Date”). 
  

	 	(b)	A number of regasification trials to test the Vessel’s actual discharge capacity of regasified LNG (the “Test Rate”) shall be conducted, all in accordance with a test scope and procedures to be agreed
upon by Owner and Charterer in accordance with Clause 7(c) (the “Regas Tests”). The Regas Tests shall take place at the Deepwater Port or, subject to Clause 7(r), any alternate APL Buoy System to which Charterer instructs the Vessel.

  

	 	(c)	A detailed scope of, and the procedures to be followed during, Commissioning and Testing and the Regas Tests (the “Regas Tests and Commissioning Procedures”) shall be discussed and developed between Owner and
Charterer during the construction period of the Vessel contemporaneous with the discussions between Owner and the Builder in relation to the development of the scope of, and the procedures to be followed during, regasification trials to be conducted
under the Building Contract during Commissioning and Testing as referred to in Clause 7(a). The final Regas Tests and Commissioning Procedures shall be approved by Charterer and Owner not later than ***** days before the Delivery Date.

  

	 	(d)	The Regas Tests shall be conducted in the manner agreed pursuant to Clause 7(c) in order to establish fulfillment of the performance requirements for the Vessel in respect of the discharge of regasified LNG as set forth
in paragraph 11(a) of Appendix I to Schedule I. 

  
 22 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(e)	To the extent that the First Trial Period exceeds ***** consecutive days, then, subject to the provisions of Clause 7(q), the Vessel shall be off-hire, commencing on the ***** day until such time as the Vessel
arrives again at the location of its next loading, with credit for time and/or distance made good. For the avoidance of doubt, any such period of off-hire under this Clause 7(e) shall include any period during which the Vessel is in a repair
yard for rectification of a regasification deficiency, commencing with the Vessel’s departure from the Deepwater Port (or, subject to Clause 7(r), any alternate APL Buoy System to which Charterer instructs the Vessel) until the Vessel
arrives at the location of its next loading, with credit for time and/or distance made good, provided that the Vessel shall not be off-hire if the time taken to discharge the first cargo exceeds the First Trial Period by reason of the Vessel
operating in compliance with the requirements and procedures stipulated in the Regas Tests and Commissioning Procedures, as outlined in Clause 7(c). 

  

	 	(f)	If, after completion of the First Trial Period in accordance with Clause 7(c), the Test Rate achieved during any one of the Regas Tests conducted during the First Trial Period is equal to or greater than 712.5 MMScf/day
(the “Guaranteed Regas Rate”), then Charterer and Owner shall sign the Regas Tests Acceptance Certificate in the form of Schedule VI and the remaining provisions of this Clause 7 shall not apply. 

 

	 	(g)	If, after completion of the First Trial Period in accordance with Clause 7(c), none of the Test Rates achieved during the First Trial Period is equal to or greater than the Guaranteed Regas Rate, a second set of Regas
Tests shall be conducted as soon as practicable after the discharge of the first cargo and the completion of remedial works to the Vessel, if any, and once the Vessel again arrives at the Deepwater Port (or, subject to Clause 7(r), any alternate APL
Buoy System to which Charterer instructs the Vessel) with a new cargo. 

  

	 	(h)	The second set of Regas Tests shall take no longer than ***** consecutive days, including time to discharge regasified LNG following completion of such Regas Tests (the “Second Trial Period”). To the extent
that the Second Trial Period exceeds ***** consecutive days, then subject to the provisions of Clause 7(q), the Vessel shall be off-hire, commencing on the ***** day until such time as the Vessel arrives again at the location of its next loading,
with credit for time and/or distance made good. For the avoidance of doubt, such period of off-hire under this Clause 7(h) shall include any period during which the Vessel is in a repair yard for rectification of a regasification deficiency,
commencing with the Vessel’s departure from the Deepwater Port (or, subject to Clause 7(r), any alternate APL Buoy System to which Charterer instructs the Vessel) until the Vessel arrives at the location of its next loading, with credit for
time and/or distance made good. 

  
 23 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(i)	If, after completion of the Second Trial Period in accordance with Clause 7(c), the Test Rate achieved during any one of the Regas Tests conducted during the Second Trial Period is equal to or greater than the
Guaranteed Regas Rate, then Charterer and Owner shall sign the Regas Tests Acceptance Certificate in the form of Schedule VI and the remaining provisions of this Clause 7 shall not apply. 

 

	 	(j)	If, after completion of the Second Trial Period in accordance with Clause 7(c), none of the Test Rates achieved during the Second Trial Period is equal to or greater than the Guaranteed Regas Rate, a third set of Regas
Tests shall be conducted as soon as practicable after discharge of the second cargo and the completion of remedial works to the Vessel, if any, and once the Vessel again arrives at the Deepwater Port (or, subject to Clause 7(r), any alternate APL
Buoy System to which Charterer instructs the Vessel) with a new cargo. 

  

	 	(k)	The third set of Regas Tests shall take no longer than ***** consecutive days, including the time taken to discharge regasified LNG following completion of the Regas Tests (the “Final Trial Period”). To the
extent that the Final Trial Period exceeds ***** consecutive days, then, subject to the provisions of Clause 7(q), the Vessel shall be off-hire, commencing on the ***** day until such time as the Vessel arrives again at the location of its next
loading, with credit for time and/or distance made good. For avoidance of doubt, any such period of off-hire under this Clause 7(k) shall include any period during which the Vessel is in a repair yard for rectification of a regasification
deficiency, commencing with the Vessel’s departure from the Deepwater Port (or, subject to Clause 7(r), any alternate APL Buoy System to which Charterer instructs the Vessel) until the Vessel arrives at the location of its next loading, with
credit for time and/or distance made good. 

  

	 	(l)	If, after completion of the Final Trial Period in accordance with Clause 7(c), the Test Rate achieved during any one of the Regas Tests conducted during the Final Trial Period is equal to or greater than the Guaranteed
Regas Rate, then Charterer and Owner shall sign the Regas Tests Acceptance Certificate in the form of Schedule VI and the remaining provisions of this Clause 7 shall not apply. 

 

	 	(m)	Charterer shall use reasonable efforts to co-operate with, and assist Owner in discharging any remaining cargo left on board the Vessel at the end of any of the commissioning and/or trial periods under this Clause 7 in
the most efficient way, including directing the Vessel to proceed to any other United States or Gulf of Mexico Primary Terminal to discharge the remaining cargo as LNG. 

 

	 	(n)	 If, after the completion of Commissioning and Testing in accordance with the Building Contract and of all Regas Tests in accordance with this Clause
7, the Test Rate is equal to or greater than 500 MMScf/day (the “Acceptance Standard”), but less than the Guaranteed Regas Rate, then Owner shall pay liquidated damages to Charterer in the amount of ***** US Dollars (US$*****) for each
percentage (pro rata for any partial percentage thereof) that the Test Rate is less than the Guaranteed Regas Rate, provided that the aggregate amount of 

  
 24 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
liquidated damages payable in accordance with this Clause 7(n) shall not exceed ***** US Dollars (US$*****) (US$***** x *****%, i.e. liquidated damages in accordance with this Clause 7(n) shall
not be payable in respect of a Test Rate that is less than the Acceptance Standard). 

  

	 	(o)	If, after completion of the Commissioning and Testing in accordance with the Building Contract and of all Regas Tests in accordance with this Clause 7, Owner is unable to establish a Test Rate which is equal to or
greater than the Acceptance Standard, then Charterer shall have the option to either terminate this Charter or to accept the Vessel for use as an SRV with deficient regasification capacity. 

 

	 	(i)	If Charterer elects to terminate this Charter, Owner shall reimburse Charterer for all hire paid to Owner, and not earned, from the Delivery Date to the effective date of Charterer’s termination of the Charter,
plus interest thereon at LIBOR plus *****%. For the avoidance of doubt, Charterer shall pay for the cost of any bunkers, diesel oil, marine gas oil and boil-off consumed or lost in providing any service during such period. Furthermore, in assessing
the amount of any credit given for distance made good and/or service given during any off-hire periods under this Clause 7, including for the calculation of any sum, if any, due by Owner to Charterer in respect of hire paid but not earned under this
Clause 7(o)(i), the cost of bunkers, diesel oil, marine gas oil and boil-off consumed or lost in making good any distance and/or providing any service during any such off-hire periods shall also be taken into account. Following such payment, if any,
Owner shall have no further liability hereunder. Following Charterer’s election to terminate this Charter pursuant to this Clause 7(o), Charterer shall have no further liability hereunder. 

 

	 	(ii)	If Charterer elects to accept the Vessel for use as an SRV with deficient regasification capacity, then Owner’s payment of the liquidated damages set forth in Clause 7(n) shall discharge Owner’s liability to
Charterer for such deficiency and the highest Test Rate achieved during any of the Regas Tests conducted during any of the First Trial Period, the Second Trial Period or the Final Trial Period shall be the rate, subject to adjustment in accordance
with paragraph 11(b) of Appendix I to Schedule I, for purposes of measuring Owner’s ongoing performance for the duration of this Charter, including any adjustments to the Reduced Rate under paragraph 4 of Schedule III and the provisions of
Clause 27(g) to the extent necessitated by the agreement reached between the parties in relation to the hire rate. In respect of the hire rate applicable to the deficient SRV, the Parties may mutually agree to an adjustment to the hire rate within
***** days from the occurrence of the deficiency; provided, however, that any discussions that the parties may have under this Clause 7(o)(ii) shall not affect Charterer’s right to terminate under Clause 7(o)(i). 

The foregoing notwithstanding, Charterer’s right to terminate this Charter under Clause 7(o)(i) above shall be subject to Owner being
entitled to a further period to 

  
 25 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 
repair the Vessel so as to achieve a Test Rate which is equal to or greater than the Acceptance Standard. Such final testing, as provided for in the preceding sentence, shall be conducted in
accordance with Clause 7(k). The Vessel shall be off-hire during such further period of repair. Charterer may terminate the Charter if any period during which the Vessel is off-hire during the First Trial Period, the Second Trial Period, the Final
Trial Period and such further period of repair exceeds ***** days in the aggregate. 
  

	 	(p)	Any amounts payable by Owner to Charterer in liquidated damages under Clause 7(n) shall be paid by Owner to Charterer within ***** days of Charterer’s demand on Owner, but in any event not later than (i) *****
days after the date of execution of the Regas Tests Acceptance Certificate or (ii) the ***** day after commencement of the Final Trial Period, whichever occurs earlier. 

 

	 	(q)	Notwithstanding any other provisions of this Clause 7, the Vessel shall not be off-hire nor shall Owner be liable to pay liquidated damages, to the extent the occurrence of any one or more of the Relevant Events prevent
the Vessel from completing the Regas Tests within the allocated time periods and/or from achieving the Guaranteed Regas Rate and/or the Acceptance Standard. For purposes of this Clause 7, “Relevant Events” shall mean the following:

  

	 	(i)	the Buoy System and/or the Downstream Systems not being ready or able to receive regasified LNG at a rate equal to or greater than the Guaranteed Regas Rate or at any other lower rate, if such rate is required to be
discharged under the Regas Tests and Commissioning Procedures, and/or at the pressures and the temperatures as specified in the Regas Tests and Commissioning Procedures; 

 

	 	(ii)	the relevant regulatory authorities not having given their required approvals in relation to or in connection with the Deepwater Port or the requirements of the regulatory authorities not having otherwise been satisfied
by reason other than a failure or default on the part of Owner; 

  

	 	(iii)	Charterer instructing, other than as a result of a failure or default on the part of Owner, the Vessel to proceed from the Deepwater Port to any other Primary Terminal, other than a Primary Terminal which is a third
party buoy system of compatible APL design (an “APL Buoy System”) and in respect of which the provisions of Clause 7(r) shall apply, to discharge the Vessels cargo in part or in full as LNG; 

 

	 	(iv)	the Vessel having to disconnect from the Buoy System and/or to depart from the Deepwater Port or being prevented from discharging her cargo as regasified LNG in order to comply with the applicable requirements and
guidelines of the Classification Society, the Vessel’s Flag State or any other relevant regulatory authority and/or with such requirements as set out in the SRV Operating Manual in relation to the Vessel’s safe operation, cargo management
and/or filling level restrictions; 

  

	 	(v)	any other events or circumstances which prevent the performance or completion of the Regas Tests, but which have not arisen due to a failure on the part of, or the fault of, Owner. 

  
 26 

Execution version re Hull 1689 

	 	(r)	In the event that Charterer instructs the Vessel to proceed to an APL Buoy System, Charterer and Owner shall review, and revise or amend by mutual agreement: 

 

	 	(i)	the Regas Tests and Commissioning Procedures to take account of such operational parameters and environmental conditions as may be relevant to enable the Vessel to discharge regasified LNG at any such APL Buoy System
for purposes of allowing the Regas Tests under this Clause 7 to be conducted at such APL Buoy System; and 

  

	 	(ii)	to the extent necessitated by Charterer’s instruction and any revisions and amendments agreed to the Regas Tests and Commissioning Procedures, the provisions of this Clause 7; 

provided that the Vessel shall remain on-hire during such time as the matters under paragraphs (i) and (ii) are being agreed by the
parties, and provided further that the provisions of Clause 7(s) shall apply if Regas Tests at such APL Buoy System cannot be commenced on or before the Builder’s Trials Expiry Date. 

 

	 	(s)	In the event that Commissioning and Testing and/or the Regas Tests cannot be commenced on or before the Builder’s Trials Expiry Date by reason of the occurrence of any one or more Relevant Events, Charterer shall
be required to accept the Vessel in the condition and with the Vessel’s capacity to discharge regasified LNG as at the Delivery Date under the Charter, and Charterer and Owner shall sign the Regas Tests Acceptance Certificate in the form of
Schedule VI, clean and free of any conditions or qualifications as to the Vessel’s capacity to discharge regasified LNG. Upon signature of the Regas Tests Acceptance Certificate, Owner shall have no further liability to Charterer under Clause 7
of the Charter in respect of the payment of liquidated damages or otherwise. Provided that in that event, the provisions of Clause 27(g) of the Charter shall continue to apply in relation to performance requirements for the Vessel in respect of the
discharge of regasified LNG during the Term of the Charter, but subject to any adjustment of Normal Performance in accordance with the provisions of paragraph 11(b) of Appendix I to Schedule I in the event that the highest actual discharge rate of
the Vessel as established during the first three (3) Discharge Periods following the date of signature of the Regas Tests Acceptance Certificate is less than Normal Performance. 

 

	8.	Owner to Provide 

 Owner undertakes to provide and, subject to the provisions of Schedule III, to pay for
all provisions, wages (including but not limited to all overtime payments, statutory or otherwise), and shipping and discharging fees and all other expenses of the master, officers and crew; also, 

  
 27 

Execution version re Hull 1689 

 
except as provided in Clauses 5 and 37, for all insurance on the Vessel described in Schedule IV, for all deck, cabin and engine-room stores and necessary spare parts, and for water; for all
dry-docking (and gas-freeing of the Vessel associated therewith), overhaul, maintenance and repairs to the Vessel, including maintaining and operating the Vessel in good working order in accordance with prudent industry practices and Builder’s
maintenance recommendations; and for all fumigation expenses and de-rat certificates. Owner’s obligations under this Clause 8 extend to all liabilities for customs or import duties arising at any time during the performance of this Charter in
relation to the personal effects of the master, officers and crew, and in relation to the stores, provisions and other matters aforesaid which Owner is to provide and pay for and Owner shall refund to Charterer any sums Charterer or its agents may
have paid or been compelled to pay in respect of any such liability on presentation of reasonable supporting documentation. Any amounts allowable in general average for wages and provisions and stores shall be credited to Charterer insofar as such
amounts are in respect of a period when the Vessel is on-hire. 
  

	9.	Charterer to Provide 

  

	 	(a)	Except as provided in Clause 9(b), Charterer shall provide and pay for all bunker fuels and marine gas oil as well as all boil-off gas if used as fuel or burned for dumping while steaming at a reduced rate under this
Charter. In addition, Charterer shall provide and pay for all boil-off used to provide power for discharge, regasification and post-Delivery Ragas Tests, all LNG used during Regas Tests (whether conducted pre-Delivery or post-Delivery), and gas
oil/diesel oil for the nitrogen gas and/or inert gas and diesel generators, but excluding fuel used in connection with a general average sacrifice or expenditure. Charterer shall also provide and pay for towage and pilotage and shall pay agency
fees, port charges, commissions, expenses of loading and unloading cargoes, canal dues and all charges, other than those payable by Owner in accordance with Clause 8; provided, however, that all charges for such items shall be for Owner’s
account when such items are consumed, employed or incurred for Owner’s purposes or while the Vessel is off-hire (unless such items reasonably relate to any service given or distance made good and taken into account under Clause 24 or 25) and
provided further that any fuel used in connection with a general average sacrifice or expenditure shall be paid for by Owner. 

  

	 	(b)	All bunkers consumed for Owner’s purposes shall be for Owner’s account and shall be deducted from hire as hire becomes due at the price paid by Charterer at the last place of supply. 

 

	10.	Building Contract 

  

	 	(a)	Subject to the provisions of Clause 2, Owner represents and warrants that a true and complete copy of the Building Contract has been delivered to Charterer and that the Vessel shall be constructed in accordance with the
Building Contract and in accordance with the Specifications and any other specifications, diagrams, charts, plans and drawings provided to Charterer pursuant to this Charter, which specifications, diagrams, charts, plans and drawings shall, unless
otherwise agreed by Owner and Charterer, comply with the provisions of this Charter. 

  
 28 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(b)	If Owner proposes to make any material changes to the Building Contract or the Specifications, Owner shall provide Charterer with written notice of same specifying in such notice the nature of such changes in sufficient
detail so as to allow Charterer to make an informed decision in regard to such changes. Such detail shall, for purposes of this Clause 10(b), include any further adjustments to the Specifications or the Building Contract that such changes will
necessitate (including any estimated extension of the time for delivery of the Vessel under the Building Contract). Charterer shall have a period not exceeding ***** days within which to respond to Owner’s written notice, failing which
Charterer shall be deemed to have consented to such changes. All approvals and disapprovals under this Clause 10(b) shall rest in Charterer’s sole discretion. For purposes of this Clause 10(b), a “material change” to the Building
Contract and the Specifications is a change which: 

  

	 	(i)	could have a material effect on the performance of the Vessel with regard to the Vessel’s speed, fuel consumption, boil-off, cubic capacity and regasification performance; 

 

	 	(ii)	could have a material effect on the Anticipated Delivery Date or the amount of compensation recoverable under the Building Contract for any default on the part of the Builder; or 

 

	 	(iii)	amounts to a waiver of any material right of Owner under the Building Contract. 

Notwithstanding any other provisions elsewhere in this Charter, Charterer shall endeavor that it shall have on site at Builder’s shipyard
at all times at least one representative who is duly authorised to make any decisions on behalf of Charterer in respect of any approvals or disapprovals under this Clause 10(b). 

 

	 	(c)	If Owner makes or agrees with Builder to make a material change to the Building Contract or the Specifications and such material change is not approved (or deemed approved) by Charterer as provided in Clauses 10(b) and
10(m), then Charterer, in addition to any other remedy available to Charterer hereunder or otherwise, shall have the option, on notice to Owner, to terminate this Charter. 

 

	 	(d)	To the extent of, and subject to, Owner’s right to pre-approve suppliers of major ship components and systems under the Building Contract, Charterer shall have the right to pre-approve all such suppliers, including
Owner-supplied items, to be used in construction of the Vessel, which approval shall not be unreasonably withheld or delayed. Owner shall not approve any such suppliers under the Building Contract without first affording Charterer the opportunity to
exercise such right. In the event that Charterer fails to provide its approval within *****days of Owner’s notice requesting Charterer’s approval of any such suppliers, Charterer shall be deemed to have approved such suppliers.

  
 29 

Execution version re Hull 1689 

	 	(e)	Save as already approved by Charterer at the date of execution of this Charter, Owner shall, before the same are approved by Owner for the purposes of the Building Contract, submit to Charterer prior to or during
construction of the Vessel (as appropriate and as and when received from Builder under the Building Contract), for Charterer’s approval (such approval not to be unreasonably withheld or delayed) or comment, the following: 

 

	 	(i)	the Maker’s List (as defined in the Building Contract) and Machinery and Equipment Specifications; 

  

	 	(ii)	General Arrangements with Accommodation Plan; 

  

	 	(iii)	Midship Section and Scantling Plan; 

  

	 	(iv)	Cargo Tank Arrangement and Capacity Plan; 

  

	 	(v)	Results of Model Basin Tests or of Sister-ship Sea Trials; 

  

	 	(vi)	Cargo Tank Calibration Tables and Trim and Stability Booklet; 

  

	 	(vii)	Drawing and Table of Length of Parallel Body of the Vessel; 

  

	 	(viii)	Ship-to-Shore Interface Study and Mooring Arrangement; 

  

	 	(ix)	Main Equipment List with Particulars, Machinery Arrangements and Line Diagrams of Machinery Systems; 

  

	 	(x)	Heat Balance Diagram, One Line Electrical Diagram & Electric Load Analysis, Instrumentation Systems and Emergency Shut-Down Systems; 

 

	 	(xi)	Cargo Handling Plant Operational Diagram & Calculations, Cargo Manifold Arrangement, Cargo System Diagrams and Performance Calculations, Cargo Pump Performance Curves and Cargo Compressors Performance Curves;

  

	 	(xii)	Custody Transfer Measurement Systems, Ship-to-Ship Cargo Transfer, Ballast Piping Diagram, and Coating and Painting Specifications; 

  

	 	(xiii)	Safety Plan, Fire-fighting Plan and Plan of Gas Safe / Dangerous Areas; 

  

	 	(xiv)	Depot Spare Parts; 

  

	 	(xv)	Piping of Principal Hull and Machinery Systems, including Cargo and Ballast Piping; 

  

	 	(xvi)	Control Room Layout, Cargo Handling Operational Diagram; 

  

	 	(xvii)	Hydrostatic Curves (for reference only, not for approval); 

  
 30 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(xviii)	Full Information on: 

  

	 	(1)	type and accuracy of the heel and trim gauges used in calculating the Cargo Tank Calibration Tables; 

  

	 	(2)	instruments for measuring or gauging level, temperature and density of the cargo; 

  

	 	(3)	telex and other communication equipment; and 

  

	 	(4)	navigation equipment; and 

  

	 	(5)	All other plans and drawings for the Vessel and its machinery, equipment and other components received by Owner from Builder pursuant to the Building Contract and the Specifications. 

 

	 	(f)	Owner shall ensure that each of the above documents, calculations, and information (individually, a “Review Item”) will be true and correct as of the date of its delivery to Charterer and shall not thereafter
be materially changed without the prior consent of Charterer, such consent not to be unreasonably withheld or delayed in accordance with Clause 10(m). 

  

	 	(g)	Charterer shall notify Owner of Charterer’s approval or any Charterer comments or objections to any Review Item within ***** days after Charterer’s receipt of the Review Item. 

 

	 	(h)	If Charterer does not respond to Owner within the time period set forth in Clause 10(g) after having been presented with any Review Item, Charterer shall be deemed to have approved such Review Item. 

 

	 	(i)	Within ***** days after each finalized plan, drawing or Specification has been received by Owner, and whether or not requested by Charterer, Owner shall deliver to Charterer a true copy thereof. Owner shall deliver to
Charterer, whether or not requested by Charterer, three (3) true copies of a complete set of finalised plans, drawings and Specifications for the Vessel as constructed as well as one copy of each instruction manual. The foregoing documents
shall be submitted at no cost to Charterer and shall include at least one copy of each document in electronic format. 

  

	 	(j)	 In addition to the Progress Reports which Owner shall provide to Charterer pursuant to Clause 6(e), Owner shall, not later than ***** days following
Owner’s receipt thereof from Builder, provide Charterer with true and correct copies of all reports, documents, correspondence, proposed change orders, programs for cool down tests; sea trials and gas trials, and other such information
regarding construction; tests and trials of the Vessel and its components made available to Owner by Builder, Builder’s subcontractors, the Vessel’s Classification Society and/or any applicable government authority (including, without
limitation, copies of any such documents furnished to Owner by Builder 

  
 31 

Execution version re Hull 1689 

	 	
in conjunction with the signing of the Protocol of Delivery and Acceptance under the Building Contract) as Charterer may reasonably require to determine whether the Vessel complies at Delivery
with the conditions set out in this Charter or to verify any claims for reimbursement by Owner or any expenses payable by Charterer in accordance with the terms of this Charter). 

 

	 	(k)	Any monitoring carried out by Charterer pursuant to this Clause 10 shall be carried out subject to and in accordance with the provisions of Clause 14(b)(i) to 14(b)(iii). 

 

	 	(l)	Charterer shall notify Owner promptly in the event that it discovers any construction or materials which it believes do not conform to the requirements of the Building Contract or the Specifications. However,
Owner’s obligations under the Building Contract and this Charter shall not be affected by (i) whether or not Charterer shall have exercised any of its rights under Clause 10(k), this Clause 10(l) or Clause 14(b)(ii) any requests or
observations made or not made by Charterer’s Representatives to Owner or Owner’s representatives in connection with the exercise of such rights, or (iii) Charterer’s acts or omissions in connection with its rights under Clause
10(d) or Clause 10(e). 

  

	 	(m)	Without Charterer’s prior consent, which consent shall not be unreasonably withheld, conditioned or delayed, Owner shall not: 

  

	 	(i)	agree to defer the remedy of any defect or deficiency in the Vessel until after delivery of the Vessel under the Building Contract; or 

 

	 	(ii)	except for the provisions regarding Charterer’s approval of material changes to the Building Contract and the Specifications under Clause 10(b), agree to any material change related to the construction of the
Vessel, including, but not limited to any change in the Building Contract or in the Specifications, diagrams, charts, plans and drawings of the Vessel as submitted to Charterer prior to the date hereof or, any suppliers approved by Charterer in
accordance with Clause 10(d) in connection therewith. 

  

	 	(n)	 If Charterer reasonably requests change orders in connection with the construction of the Vessel prior to the Delivery Date, Owner shall approve and
shall use reasonable endeavours to cause Builder to undertake, and to minimize any delay resulting from, such change orders; provided that any consequential adjustment to and revisions of the guaranteed deadweight, the guaranteed cargo capacity, the
guaranteed boil-off, the guaranteed speed, the guaranteed fuel consumption, the guaranteed rate of discharge of regasified LNG or any other consequential amendments to the Specifications are agreed between Charterer and Owner before Builder
undertakes such changes to the Specifications. Owner shall not do or fail to do, as the case may be, anything that would result in increasing any subsequent delay in Builder’s construction of the Vessel resulting from such change orders. Unless
otherwise agreed, all costs incurred or savings realised by such change 

  
 32 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
orders shall be for Charterer’s account or (as the case may be) for Charterer’s benefit and the Anticipated Date of Delivery hereunder shall be postponed by the amount of the time the
delivery date under the Building Contract is delayed as a result of the change orders. Unless otherwise agreed, the Fixed Element shall be adjusted in accordance with paragraph 1.1(f) of Schedule III by the amount of all cost incurred, or (as the
case may be) all savings realized, by Owner as a result of such change orders. 

  

	11.	Hire 

 Subject as herein provided, Charterer shall pay for the use and hire of the Vessel at the rate per
day determined in accordance with Schedule III attached hereto. 
  

	12.	Payment of Hire 

  

	 	(a)	Subject to Clauses 4 and 24, payment of hire shall be made by wire transfer in immediately available funds to Owner’s designated bank account in New York or London in United States Dollars per calendar month in
advance, less: 

  

	 	(i)	any hire paid which Charterer reasonably estimates to relate to off-hire periods; 

  

	 	(ii)	in exceptional circumstances only, any amount disbursed by Charterer on Owner’s behalf, any advances and commissions thereon and any charges which are for Owner’s account pursuant to any provision of this
Charter; and 

  

	 	(iii)	any amounts due or reasonably estimated by Charterer to become due to Charterer under Clauses 4(b) or 27, or paragraph 5(b) of Schedule IV. 

All deductions shall be verified by Charterer by delivery to Owner of vouchers or other reasonable supporting documentation within ***** days
after the payment from which the applicable deduction is taken, failing which Charterer shall make good the applicable deduction, including interest, on the next hire payment date, without prejudice to Charterer’s rights if it is subsequently
able to verify such deduction. 
  

	 	(b)	Hire shall be due on the date of Delivery of the Vessel under Clause 6(a) for the remainder of the calendar month in which Delivery takes place and thereafter on the first day of each calendar month. Owner shall provide
invoices to Charterer covering each payment of hire at least ***** days before due. Charterer shall not be responsible for any delay or error by Owner’s bank in crediting Owner’s account provided, however, that Charterer has made proper
and timely payment. If a due date for the payment of hire should fall on a day on which banks are not open for business at the place of payment, hire which would have been due shall instead be due on the next following day on which banks are open
for business at such place. Hire shall accrue on a daily basis; provided, however, that hire for any periods that constitute less than a calendar day shall be a pro rata portion of hire for such calendar day. 

  
 33 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(c)	In default of timely payment by Charterer, 

  

	 	(i)	Owner shall notify Charterer of such default in writing and Charterer shall within ***** days of receipt of such notice pay in Owner the amount due including interest. If Charterer fails to do so, Owner may withdraw the
Vessel from the service of Charterer on no less than ***** days’ written notice, unless prior to the date of withdrawal specified in such further written notice, Charterer pays to Owner the amount due including interest. Any such withdrawal of
the Vessel from the service of Charterer shall be without prejudice to any other rights Owner may have under this Charter or otherwise; and 

  

	 	(ii)	interest on any amount due but not paid on the due date shall accrue from the day after that date up to and including the day when payment is made, at a rate per annum which shall be ***** percent (*****%) above LIBOR
on the due date, or, if no such LIBOR rate is published on that day, the LIBOR rate published on the next preceding day on which such a LIBOR rate was so published. 

 

	13.	Space Available to Charterer 

 The whole reach, burthen and decks of the Vessel and any passenger
accommodation shall be at Charterer’s disposal, reserving only proper and sufficient space for the Vessel’s master, officers, crew, or other reasonable number of personnel from Owner consistent with Charterer’s rights under Clause 20
(Supernumeraries), tackle, apparel, furniture, provisions and stores. 
  

	14.	Miscellaneous 

  

	 	(a)	Flag State and Vessel Name. 

  

	 	(i)	Owner undertakes that, at the Delivery Date and throughout the term of this Charter, the Vessel shall be registered under the laws of Norway on the Norwegian International Ship Register or such other country or
territory as may from time to time be established as the flag state in accordance with this Clause 14(a) (the “Flag State”) and shall in all material respects comply with regulations and requirements of the Flag State in force for vessels
registered in the Flag State. 

  

	 	(ii)	In the event that Owner determines that it would be desirable to change the Vessel’s Flag State, Owner shall propose in writing an alternative Flag State to Charterer for Charterer’s approval, such approval
not to be unreasonably withheld, conditioned or delayed. All costs and expenses of any such proposed change shall be borne by Owner and shall include all costs and expenses attributable to such change. The foregoing notwithstanding, Charterer’s
withholding of consent to Owner’s request to change the Vessel’s Flag State to The Bahamas shall not be deemed unreasonable under any circumstances. 

  
 34 

Execution version re Hull 1689 

	 	(iii)	If Charterer can reasonably demonstrate that a change of the Vessel’s Flag State would produce economic benefits and/or improve the Vessel’s status with U.S. Coast Guard, Owner shall not unreasonably withhold
the approval in response to Charterer’s request to change of Flag State, but shall use reasonable, good faith efforts to cause the Vessel to be registered as soon as reasonably practicable in the country requested by Charterer. The foregoing
notwithstanding, if such change in Flag State will require a change in the jurisdiction of incorporation of Owner and/or impact Owner’s financing arrangements in relation to the Vessel, then, provided Owner has used all reasonable endeavours,
acting in good faith, to ameliorate such impact and/or to avoid changing its jurisdiction of incorporation while accommodating such change in Flag State, Owner’s withholding of approval shall not be considered unreasonable. The cost and expense
of any such change of registry shall be borne by Charterer and shall include all reasonably incurred third-party costs and expenses attributable to or resulting from the implementation of Charterer’s request. Owner shall provide an estimate to
Charterer in advance of the amount and detail of all such costs and expenses. Owner shall use reasonable endeavours to minimize such costs and expenses. 

  

	 	(iv)	Prior to the Delivery Date, Owner shall ensure that the name of the Vessel chosen by Owner is approved by Charterer, such approval not to be unreasonably withheld, conditioned or delayed. Thereafter, no change in the
Vessel’s name shall be made by Owner without Charterer’s prior written consent, such consent not to be unreasonably withheld, conditioned or delayed. 

  

	 	(b)	 Inspections. Charterer or its designee shall be entitled, at Charterer’s risk and expense, from time to time within usual working hours during
construction (including dock trials, sea trials, gas trials, Regas Tests and any other tests or trials) of the Vessel, to cause its representative(s) to inspect the Vessel as they may reasonably consider necessary to ascertain whether the Vessel is
being constructed according to the Specifications. The Building Contract contains a provision giving Charterer’s representatives a continuing right to inspect and investigate the construction progress of the Vessel and the Regasification
Components with access during usual working hours to the construction and fabricating facilities of Builder and its subcontractors and Owner shall exercise reasonable efforts to enforce such right. Owner shall ensure that Charterer’s
representatives are given a continuing right to attend, and shall arrange with Builder for Charterer’s representatives to attend, all tests, inspections and trials on all major equipment and such other tests as Charterer may reasonably request
and, promptly upon Owner’s receipt thereof from Builder, Owner shall forward to Charterer the results of all such tests, trials and inspections. Subject to timely notice by Builder, Owner shall give timely written notice to Charterer of such

  
 35 

Execution version re Hull 1689 

	 	
tests or trials. Provided that timely written notice has been given under the preceding sentence, a failure to attend such trials or tests at the time and place specified in such notice shall be
deemed a waiver of the right to attend such trials or tests. Any such inspection may include, without limitation, as far as is practicable, examination of the Vessel’s hull, cargo and ballast tanks, machinery, boilers, Regasification
Components, auxiliaries and equipment; review of all construction records and reports to the extent available to Owner; review of records of surveys by the Vessel’s Classification Society and relevant governmental authorities. Any inspection
carried out by Charterer under this Clause 14(b): 

  

	 	(i)	shall be made without any interference with or hindrance to the Vessel’s safe and efficient construction; 

  

	 	(ii)	shall be without prejudice to any other rights of inspection or investigation allowed to Charterer in accordance with the terns of this Charter; and 

 

	 	(iii)	shall not entitle Charterer or any of its representatives to make any request or recommendation directly to Builder or other contractor of Owner except through Owner or Owner’s representatives. 

Owner’s obligations under this Charter shall not be affected by whether Charterer shall have carried out inspections of the Vessel under
the terms hereof or by any requests or observations made to Owner or its representatives or contractors by or on behalf of Charterer during or after any such inspection. 
  

	 	(c)	Corporate Organization; Liens, etc. On the Delivery Date and throughout the Term, Owner represents, undertakes and warrants that: 

  

	 	(i)	Owner is and shall remain a legal entity duly organized and in good standing under the laws of its country of organization, duly qualified to do business in those jurisdictions where the nature of its activities or
property requires such qualification and authorized to own the Vessel and to perform its obligations under this Charter, and Owner has taken all necessary corporate action to authorize the execution, delivery and performance of its obligations
hereunder; 

  

	 	(ii)	Owner is and shall remain a legal entity with no activities, assets or liabilities other than the Vessel and each of the other SRVs under charter to, or to be chartered by, Charterer from Owner (the “SRV
Fleet”) and those relating to the SRV Fleet; 

  

	 	(iii)	Owner shall maintain accurate books and records reflecting its operations separately from the books and records of any other entity and, to the extent permitted by law, shall maintain such books and records in English;

  

	 	(iv)	 Owner has not and will not place, suffer to exist or permit any mortgage, lien, or encumbrance on the Vessel or the Vessel’s earnings or
insurances, 

  
 36 

Execution version re Hull 1689 

	 	
other than Permitted Encumbrances. Moreover, if any action is taken to enforce any mortgage, lien, maritime claim, claim, or encumbrance on the Vessel not created or arising by, through or under
Charterer (whether a Permitted Encumbrance or not), Owner shall immediately notify Charterer thereof and take such steps as are necessary to prevent any such action from adversely affecting Charterer’s rights under this Charter; and

  

	 	(v)	subject to Clause 21, Owner shall not change its country of organization, merge or otherwise combine with another entity or transfer its rights in the Vessel or all or substantially all of its assets to another entity
without Charterer’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. Each of the activities described in the preceding sentence shall be referred to as a “Reorganization”. In the event
that Owner determines it would be in the interest of Owner and not detrimental to Charterer to undertake a Reorganization, Owner shall so notify Charterer and the parties shall consult in a good faith effort to agree on the Reorganization and the
form it should take. All costs of any Reorganization shall be for the account of Owner. 

 For purposes of this Charter,
“Permitted Encumbrances” means (A) liens in favour of the crew or routine suppliers to the Vessel or liens arising by operation of law (and which if any such liens arise or be enforced, Owner shall exercise due diligence to remove),
(B) mortgages, liens, claims or encumbrances on the Vessel, her earnings or insurances, which are in effect on the Delivery Date, provided that such mortgages, liens, claims or encumbrances are the subject of a duly authorized, executed and
delivered consent and agreement substantially in form and substance as set forth in Schedule VII, as may be agreed by the parties; (C) mortgages, liens, claims or encumbrances on the Vessel, her earnings or insurances, effected subsequent to
the Delivery Date in connection with financing of the Vessel provided that the requirements in phrase (B) are met (D) an assignment of the Building Contract to Owner’s lenders during construction of the Vessel; and (E) any other
encumbrances on the Vessel, her earnings or insurances specifically consented to in advance and in writing by Charterer. 
  

	 	(d)	Related Agreements and Parties. Owner represents and warrants that: 

  

	 	(i)	Owner shall have full and marketable title to the Vessel at the Delivery Date and throughout the Term; 

  

	 	(ii)	there are no encumbrances other than Permitted Encumbrances as of the date hereof; 

  

	 	(iii)	supervision contracts and management contracts shall be in effect prior to the Delivery Date as may be necessary in order for Owner to perform fully its obligations hereunder; 

  
 37 

Execution version re Hull 1689 

	 	(iv)	the Owner’s Guarantors under the Owner’s Guarantee have executed and delivered the Owner’s Guarantee as a deed; 

  

	 	(v)	all of the above-referenced documents are and shall remain legal, valid and binding obligations of the parties thereto, enforceable in accordance with their respective terms, and with no defaults thereunder nor
amendments thereto having any adverse effect on Charterer’s rights hereunder; 

  

	 	(vi)	all filings, consents and approvals required for Owner to perform its obligations hereunder have been obtained and true copies thereof have been delivered to Charterer; and 

 

	 	(vii)	neither the execution, delivery nor performance of this Charter, nor the consummation of any action contemplated herein conflicts or will conflict with or results or will result in a breach of any provision of
Owner’s constitutive instruments or any law, judgment, order, decree, rule or regulation of any court, administrative agency or other instrumentality of any governmental authority or of any other agreement or instrument to which Owner is a
party or by which it or the Vessel is bound, or constitutes or will constitute a default under any provision thereof. 

  

	 	(e)	Charterer’s Representations and Warranties. The Charterer represents, undertakes and warrants to Owner that: 

  

	 	(i)	Charterer is and shall remain a legal entity duly organized and in good standing under the laws of its country of organization, duly qualified to do business in those jurisdictions where the nature of its activities or
property requires such qualification and authorized to charter the Vessel and to perform its obligations under this Charter, and Charterer has taken all necessary corporate action to authorize the execution, delivery and performance of its
obligations hereunder; 

  

	 	(ii)	the Ownership Undertaking has been executed concurrently herewith, in the form of Schedule IX and delivered to Owner, provided however that such Ownership Undertaking shall be effective only upon effectiveness of this
Charter and waiver or satisfaction of all conditions precedent in Clause 76. 

  

	 	(iii)	this Charter and the Ownership Undertaking shall remain legal, valid and binding obligations of the parties thereto, enforceable in accordance with their respective terms, and with no defaults thereunder nor amendments
thereto having any adverse effect on Owner’s rights hereunder; 

  

	 	(iv)	all filings, consents and approvals required for Charterer to perform its obligations hereunder have been obtained and true copies thereof have been delivered to Owner; and 

  
 38 

Execution version re Hull 1689 

	 	(v)	neither the execution, delivery nor performance of this Charter, nor the consummation of any action contemplated herein conflicts or will conflict with or results or will result in a breach of any provision of
Charterer’s constitutive instruments or any law, judgment, order, decree, rule or regulation of any court, administrative agency or other instrumentality of any governmental authority or of any other agreement or instrument to which Charterer
is a party, or constitutes or will constitute a default under any provision thereof. 

  

	 	(f)	Owner’s Reporting Requirements; Charterer’s Audit Right. Commencing upon Charterer’s execution and delivery of the Regas Tests Acceptance Certificate and continuing for the Term of this Charter, Owner
shall provide Charterer with written reports, on a per-occurrence basis, detailing all incidents (other than any incidents referred to in and to be reported by Owner pursuant to Clause 74(b)) in any way involving the Regasification Components or
impacting their performance. Commencing on the first day of the month immediately succeeding the month in which Charterer executes and delivers the Regas Tests Acceptance Certificate and continuing for the Term of this Charter, Owner shall provide
to Charterer written reports: 

  

	 	(i)	establishing compliance with Manufacturers’ Protocols, as applicable, during the preceding month; 

  

	 	(ii)	detailing the hourly performance levels actually achieved by the Regasification Components during the preceding month; and 

  

	 	(iii)	detailing compliance with all requirements contained in the licenses and/or permits issued by the relevant regulatory authorities, including, without limitation, in relation to environmental requirements.

 Charterer shall have the right from time to time during the Term of this Charter to audit all records maintained by Owner
relating to the Regasification Components for purposes of verifying the reports provided by Owner pursuant to this Clause 14(f). For purposes of such audit, Owner shall make available or shall cause to be made available to Charterer and its auditor
access to such parts of the offices of Owner as may be required to review such books and records as are relevant to the Regasification Components and their operation and maintenance during normal business hours or to the relevant records on board
the Vessel at any reasonable time to review such books and records as they relate to the Regasification Components and their operation and maintenance. Owner shall assist and cooperate with Charterer in reviewing such books and records and shall
provide Charterer with copies and explanations as may reasonably be requested for purposes of Charterer’s audit rights under this Clause 14(f). 
  

	15.	Instructions 

 Charterer shall from time to time give the master all requisite instructions and sailing
directions, and he shall keep a full and correct log of the voyage or voyages, which Charterer or its agents 

  
 39 

Execution version re Hull 1689 

 
may inspect as required. The master shall, when requested by Charterer, furnish Charterer or its agents with a true copy of such log and with properly completed loading and discharging port
sheets and voyage reports for each voyage and other returns as Charterer may require. Charterer shall be entitled to take up to three (3) copies at Owner’s expense of any such documents which are not provided by the master. 

 

	16.	Bills of Lading 

  

	 	(a)	The master (although appointed by Owner) shall be under the orders and direction of Charterer as regards employment of the Vessel, agency and other arrangements, and shall sign bills of lading and customary cargo
documents as Charterer or its agents may direct (subject always to Clauses 38(a) and 43) without prejudice to this Charter. Charterer hereby indemnifies Owner against all consequences or liabilities that may arise: 

 

	 	(i)	from signing bills of lading and cargo documents in accordance with the directions of Charterer, or its agents, to the extent that the terms of such bills of lading fail to conform to the requirements of this Charter,
or from the master otherwise complying with Charterer’s or its agents orders; or 

  

	 	(ii)	from any irregularities in papers supplied by Charterer or its agents. 

  

	 	(b)	Notwithstanding the foregoing, Owner shall not be obliged to comply with any orders from Charterer to discharge all or part of the cargo: 

 

	 	(i)	at any place other than that shown on the bill of lading; and/or 

  

	 	(ii)	without presentation of an original bill of lading; 

 unless they have received from Charterer
both written confirmation of such orders an indemnity in a form and countersigned by a party acceptable to Owner. Owner and Charterer agree that an indemnity letter substantially in the form of Schedule V attached hereto is acceptable for purposes
of this Clause 16. 
  

	17.	Conduct of Vessel’s Personnel 

 If Charterer complains of the conduct of the master or any of the
officers or crew, Owner shall immediately investigate the complaint. If the complaint proves to be well founded, Owner shall, without delay, make a change in the appointments. Owner shall in any event communicate the result of its investigations to
Charterer as soon as possible. 
  

	18.	Bunkers at Delivery and Redelivery 

 Charterer shall accept and pay for all bunkers and marine gas oil on
board at the time of Delivery and, on Redelivery (whether it occurs at the end of the Initial Charter Period, any extension period, or on the earlier termination of this Charter), Owner shall accept and pay for all bunkers and marine gas oil
remaining on board, at the price paid at the Vessel’s last place of supply before Delivery or Redelivery, as the case may be. In addition, Charterer shall pay for any LNG 

  
 40 

Execution version re Hull 1689 

 
heel and natural gas vapours on board at the time of Delivery at a price equivalent to the price of propulsion fuel on board the Vessel and, on Redelivery, Owner shall pay for any LNG remaining
on board, as requested by Owner, at the price of Charterer’s landed cost of LNG at the last discharge terminal called upon by the Vessel. If bunkers are not readily available at the place of Delivery or Redelivery, Owners or Charterer, as
applicable, shall deliver or redeliver the Vessel with a supply of bunkers adequate for the first voyage or for the voyage subsequent to Redelivery as the case may be. At or about the time the Vessel conducts her gas trials or Regas Tests, Owner and
Charterer shall agree on the Amount of bunkers Owner shall provide, at Charterer’s expense, at Delivery. Owner shall give Charterer the use and benefit of any fuel contracts they may have in force from time to time, if so requested by
Charterer, provided that suppliers agree. 
 Charterer may request Owner to arrange bunkers and marine gas oil for Charterer’s account. Owner shall use
reasonable efforts to arrange for the most economic prices for the same. 
  

	19.	Stevedores, Pilots and Tugs 

 Stevedores, when required, shall be employed and paid by Charterer, but
this shall not relieve Owner from responsibility at all times for proper stowage, which must be controlled by the master who shall keep a strict account of all cargo loaded, boil-off; and cargo discharged. Owner hereby indemnifies Charterer, its
servants and agents against all losses, claims, responsibilities and liabilities arising in any way whatsoever from the employment of pilots, tugboats or stevedores, who although employed by Charterer shall be deemed to be the servants of and in the
service of Owner and under its instructions (even if such pilots, tugboat personnel or stevedores are in fact the servants of Charterer, its agents or any affiliate of Charterer); provided, however, that: 

 

	 	(i)	the foregoing indemnity shall not exceed the amount to which Owner would have been entitled to limit its liability if they had themselves employed such pilots, tugboats or stevedores; and 

 

	 	(ii)	Charterer shall be liable for any damage to the Vessel caused by or arising out of the use of stevedores at discharge terminals or receiving facilities, fair wear and tear excepted, to the extent that Owner is unable by
the exercise of due diligence to obtain redress therefor from such stevedores. 

  

	20.	Supernumeraries 

 Subject to available space on-board, Charterer may place up to three
(3) representatives (“Charterer’s Representatives”) in the Vessel’s available accommodation upon any voyage or any part of a voyage made under this Charter including, for the avoidance of doubt, all regasification and
discharge operations. Owner shall supply provisions and all requisites as supplied to officers, except liquors, and Charterer shall pay the reasonable costs of such provisions or requisites for Charterer’s Representative(s) while on board the
Vessel. When accommodation is limited on board the Vessel, Charterer’s Representative(s) shall have priority over Owner’s personnel who are not officers, members of the crew, superintendents or traveling service people. Charterer’s
Representatives shall not interfere with the operation of the Vessel. 

  
 41 

Execution version re Hull 1689 

	21.	Assignment, Novation, Transfer and Sub-chartering / Sale of Vessel 

  

	 	(a)	By Charterer 

  

	 	(i)	Charterer may sub-charter the Vessel by time or voyage charter at any time to any person without Owner’s consent provided that, as a condition to such sub-chartering, such person undertakes in form and substance
satisfactory to Owner that (i) such person’s rights as sub-charterer are subject and subordinate to Owners’ rights under this Charter, (ii) any sub-charter will include wording consistent with Article 1.6 of the
Consent & Agreement set forth at Schedule VII, and (iii) such person shall not assert any claim against Owner or Owners’ financiers for wrongful interference with its rights (or any similar or equivalent claim) in respect of any
actions taken by Owner or Owner’s financiers in compliance with this Charter and/or the Consent & Agreement (as the case may be). Charterer shall always remain responsible for due fulfillment of this Charter notwithstanding any
sub-chartering. Any other sub-chartering shall require Owner’s prior written consent. 

  

	 	(ii)	Charterer may assign its rights (but not transfer its obligations) to an Affiliated Company provided that Charterer shall always remain responsible for due fulfillment of this Charter notwithstanding such assignment.

  

	 	(iii)	Charterer may transfer or novate its rights and obligations under this Charter to an Affiliated Company (a “Charterer Affiliated Transferee”) subject to the following conditions: 

 

	 	(1)	Owner is satisfied, acting reasonably, that the transfer or novation to the Charterer Affiliated Transferee would not result in any increased liability to Owner or reduced benefits to Owner under this Charter; and

  

	 	(2)	The Consent and Agreement and any other documents ancillary to this Charter are also transferred or novated; and 

  

	 	(3)	Owner receives evidence satisfactory to it of the due authorisation and execution by the Charterer Affiliated Transferee of the documents necessary to implement the foregoing provisions of this sub-clause (a)(iii).

  

	 	(iv)	Any other assignment, transfer or novation of Charterer’s rights and/or obligations under this Charter shall require Owners’ prior written consent, such consent not to be unreasonably withheld, conditioned or
delayed. It shall be reasonable for the Owner to withhold or to condition its consent to a proposed transfer or novation to a proposed transferee pursuant to this sub-clause (a)(iv) (a “Third Party Transferee”) if: 

 

	 	(1)	The creditworthiness of either the Third Party Transferee or, if the Third Party Transferee will provide a guarantee, the creditworthiness of any guarantor of the obligations of the Third Party Transferee is not
reasonably satisfactory to Owner or Owner’s financiers holding Permitted Encumbrances; 

  
 42 

Execution version re Hull 1689 

	 	(2)	the Third Party Transferee or any Affiliated Company of the Third Party Transferee is involved in an actual or threatened legal dispute or arbitration with Owner or any Affiliated Company of Owner. For purposes of this
paragraph (2) “threatened legal dispute or arbitration” means any dispute in respect of which either the Third Party Transferee or any Affiliated Company of the Third Party Transferee has indicated in writing that it intends to issue
or commence legal or arbitration proceedings against Owner or any Affiliated Company of Owner; 

  

	 	(3)	it would be unlawful or contrary to applicable sanctions affecting Owner or any Affiliated Company of Owner for Owner to charter to the Third Party Transferee; or 

 

	 	(4)	the Third Party Transferee is not able to demonstrate to Owner’s reasonable satisfaction that it has the experience required to fulfil the obligations of Charterer hereunder. 

 

	 	(b)	By Owner 

  

	 	(i)	Owner may assign (by way of security) and/or grant a security interest in the Vessel to its lenders without Charterer’s consent, provided any encumbrances resulting from such assignment and/or grant of a security
interest shall qualify as Permitted Encumbrances. 

  

	 	(ii)	Owner may novate or transfer its rights and obligations under this Charter and sell the Vessel to any Affiliated Company of Höegh LNG Ltd (“Höegh”) or Mitsui O.S.K. Lines, Ltd. (“MOL”) (an
“Owner Affiliated Transferee”) subject to the following conditions: 

  

	 	(1)	Owner’s Guarantee is confirmed to apply to the obligations of the Owner Affiliated Transferee or is replaced by a new guarantee from either Höegh or MOL (as applicable) of the obligations of the Owner.
Affiliated Transferee but otherwise in substantially identical terms to the Owner’s Guarantee except as to several and proportionate liability; 

  

	 	(2)	Charterer is satisfied, acting reasonably, that the Owner Affiliated Transferee has sufficient financial resources and has, or has access to, sufficient management and operational resources to perform its obligations
under this Charter; 

  
 43 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(3)	Charterer is satisfied, acting reasonably, that the transfer or novation to the Owner Affiliated Transferee would not result in any increased liability to Charterer or reduced benefit to Charterer; 

 

	 	(4)	The Consent and Agreement and any other documents ancillary to this Charter are also transferred or novated; and 

  

	 	(5)	Charterer receives evidence satisfactory to it of the due authorisation and execution by the Owner Affiliated Transferee and the applicable Owner’s Guarantor(s) of the documents necessary to implement the foregoing
provisions of this sub-clause (b)(ii). 

  

	 	(iii)	Owner may enter into a tax lease financing for the Vessel and may, for purposes of putting into place a tax lease structure, make such changes (subject to Charterer’s approval) to the ownership and quiet enjoyment
arrangements relating to the Vessel as are required under the tax lease structure, provided that Owner and Charterer shall agree in advance such arrangements for putting a tax lease structure into place, including the arrangements for sharing of any
benefits derived by Owner from such tax lease financing as mutually agreed by the Parties, and provided that any encumbrances resulting therefrom shall qualify as Permitted Encumbrances. 

 

	 	(iv)	Any other assignment, transfer or novation of Owner’s rights and/or obligations under this Charter shall require Charterer’s prior written consent. 

 

	22.	Final Voyage 

  

	 	(a)	If, when a payment of hire is due hereunder, Charterer reasonably expects to redeliver the Vessel before the next payment of hire would fall due, the hire to be paid shall be assessed on Charterer’s reasonable
estimate of the time necessary to complete Charterer’s program up to Redelivery, and from which estimate Charterer may deduct amounts due or reasonably expected to become due for: 

 

	 	(i)	disbursements on Owner’s behalf or charges for Owner’s account pursuant to any provision hereof; and 

  

	 	(ii)	bunkers, LNG, and marine gas oil on board at Redelivery pursuant to Clause 18. 

 Within *****
days after Redelivery any overpayment shall be refunded by Owner or any underpayment made good by Charterer. 
  

	 	(b)	 If, at the time this Charter would otherwise expire or terminate in accordance with Clauses 5 and 6, the Vessel is on a ballast voyage to a port of
redelivery or is upon a laden voyage, Charterer shall continue to have the use of the Vessel at the 

  
 44 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
same rate and conditions as then in effect herein for as long as necessary to complete such ballast voyage, or to complete such laden voyage and return to a port of redelivery as provided by this
Charter, as the case may be. 

  

	23.	Loss of Vessel 

 Should the Vessel be lost, this Charter shall terminate and hire shall cease at noon GMT
on the day of her loss; should the Vessel be a constructive or compromised total loss, this Charter shall terminate and hire shall cease at noon GMT on the day on which the Vessel’s underwriters agree that the Vessel is a constructive or
compromised total loss; should the Vessel be missing, this Charter shall terminate and hire shall cease at noon GMT on the day on which she was last heard of. Any hire paid in advance and not earned shall be returned to Charterer and Owner shall
reimburse Charterer for the value of the estimated quantity of bunkers and marine gas oil on board at the time of termination, at the price paid by Charterer (or by Owners for Charterer’s account) at the last place of supply. 

 

	24.	Off-hire 

  

	 	(a)	On each and every occasion that there is loss of time (whether by way of interruption in the Vessel’s service or from reduction in the Vessel’s performance, or in any other manner): 

 

	 	(i)	due to deficiency of personnel or stores, repairs, gas freeing for repairs, time in and awaiting to enter dry-dock for repairs; breakdown (whether partial or total) of machinery, boilers or other parts of the Vessel or
her equipment (including without limitation ballast tank coatings); but excluding always a failure or breakdown of the Regasification Components (in respect of which the provisions of Clause 27(g) shall apply); collision, stranding, accident or
damage to the Vessel or any other similar cause preventing the efficient working of the Vessel, and such loss continues for more than ***** consecutive hours (if resulting from interruption in the Vessel’s service) or cumulates to more than
***** hours (if resulting from partial loss of service); or 

  

	 	(ii)	due to industrial action, refusal to sail, breach of orders or neglect of duty on the part of the master, officers or crew; or 

  

	 	(iii)	for the purpose of obtaining medical advice or treatment for or landing any sick or injured person (other than Charterer’s representatives carried under Clause 20) or for the purpose of landing the body of any
person (other than Charterer’s representatives carried under Clause 20) and such loss continues for more than ***** consecutive hours, but no loss of time shall be counted for obtaining medical advice or treatment for the master, officers or
crew as a result of their having had communication with the shore at any infected area subject to quarantine when such communication was with the written consent or instructions of Charterer or its agent; or 

  
 45 

Execution version re Hull 1689 

	 	(iv)	due to any delay in quarantine arising from the master, officers or crew having had communication with the shore at any infected area without the written consent or instructions of Charterer or its agents, or to any
detention by customs or other authorities caused by smuggling or other infraction of local law on the part of the master, officers or crew; or 

  

	 	(v)	due to detention (including denial of night transiting normally allowed LNG tankers at the port of destination of the Vessel) of the Vessel by authorities at home or abroad, offshore or in port, attributable to legal
action against, or breach of regulations by, or inspections required of, the Vessel or Owner (unless brought about by the act or neglect of Charterer); or 

  

	 	(vi)	except as provided in Clause 25(g), proceeding to or from and while at any port or anchorage other than that to which the Vessel is bound under the instructions of Charterer for any reason other than stress of weather;
or 

  

	 	(vii)	except as provided in Clause 25(g), due to any repairing and unscheduled dry-docking, including time spent for pre-dry-docking/repair procedure, including inerting, purging and gas freeing; post-dry-docking/repair
procedure, including inerting, purging and cooling in excess of that undertaken at normal loading, and waiting for any of the aforesaid purposes; 

  

	 	(viii)	due to requisition as specified in Clause 35; 

  

	 	(ix)	due to any other circumstances where the Vessel is off-hire under this Charter; or 

  

	 	(x)	due to the circumstances under which the Vessel is off-hire as provided for in Clauses 7(e), 7(h), 7(k) and 7(o), 

then without prejudice to Charterer’s rights under Clause 4 or otherwise, the Vessel shall be off-hire from the commencement of such loss
of time until she is again ready and in an efficient state to resume her service from a position not less favorable to Charterer than that at which such loss of time commenced; provided, however, that any service given or distance made good by the
Vessel while off-hire (and the cost of bunkers, diesel oil, marine gas oil and boil-off which would have been used or lost to give such service or make good such distance while off-hire) shall be taken into account in assessing the amount to be
deducted from hire, and provided further that all reasonable costs and expenses incurred in respect of any general maintenance works unrelated to any cause or event contemplated in this Clause 24(a) and conducted while the Vessel is off-hire shall,
to the extent such costs and expenses are contemplated in Schedule III, constitute operating expenses forming part of the Variable Element of hire and shall be paid for in accordance with the provisions of Schedule III. 

  
 46 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(b)	Further and without prejudice to the foregoing, in the event of the Vessel deviating (which expression includes without limitation putting back, or putting into any port other than that to which she is bound under the
instructions of Charterer) for any cause or purpose mentioned in Clause 24(a), the Vessel shall be off-hire from the commencement of such deviation until the time when she is again ready and in an efficient state to resume her service from a
position not less favorable to Charterer than that at which the deviation commenced; provided, however, that any service given or distance made good by the Vessel while so off-hire shall be taken into account in assessing the amount to be deducted
from hire. If the Vessel, for any cause or purpose mentioned in Clause 24(a), puts into any port other than the port to which she is bound on the instructions of Charterer, the port charges, pilotage and other expenses at such port shall be borne by
Owner. Should the Vessel be driven into any port or anchorage by stress of weather, hire shall continue to be due and payable during any time lost thereby. 

  

	 	(c)	If the Vessel’s Flag State becomes engaged in hostilities, Owner shall, at the request of Charterer, change the Vessel’s flag to a flag of a state free of hostilities if it is reasonably practicable to do so.
The costs of such change of flag shall be borne by Charterer. If Owner is unable to change the Vessel’s flag as aforesaid and Charterer, in consequence of such hostilities, finds it commercially impracticable to employ the Vessel, and has given
Owner written notice thereof, then from the date of receipt by Owner of such notice until the termination of such commercial impracticability, the Vessel shall be off-hire and Owner shall have the right to employ the Vessel on its own account.

  

	 	(d)	Time during which the Vessel is off-hire under this Charter shall count as part of the Initial Charter Period or any extension period, as applicable. 

 

	 	(e)	If as a consequence of any cause or purpose mentioned in this Clause 24 or in Clause 47(b), the Vessel presents for loading with tank temperatures other than that which would otherwise allow bulk loading to commence
within ***** minutes after cooling of the loading arms, any time lost as a consequence thereof, including, without limitation, any time lost in additional cooling of tanks prior to loading, shall count as off-hire and the cost of any LNG supplied
for such additional cooling shall be paid for by Owner at the LNG price paid by Charterer at the place of current loading. 

  

	 	(f)	     

  

	 	(i)	In the event that the Vessel is off-hire by reason of any damage to the Vessel’s cargo containment system as a result of Owner’s failure to comply with the provisions of Clause 45(a) for any period exceeding
***** months in any period of ***** years, Charterer shall have the option to terminate this Charter. 

  

	 	(ii)	 In the event that the Vessel is off-hire for any reason other than (i) in connection with periodic dry-docking pursuant to Clause 25(a) or
(ii) any 

  
 47 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
damage to Vessel’s cargo containment system for any reason other than Owner’s failure to comply with the provisions of Clause 45(a) for any period exceeding ***** months in any period
of ***** years, Charterer shall have the option to terminate this Charter. 

  

	 	(iii)	Charterer may exercise its option to terminate in accordance with (i) or (ii) above by giving notice in writing, such notice to be served not later than ***** days after the date on which the Charterer’s
option to terminate arises in accordance with (i) or (ii) above with the termination to take effect on the date stated in such notice, provided that the Vessel is free of cargo (other than LNG heel) at the date of termination; provided
further that Owner shall have the right to provide a substitute vessel having a technical specification, performance capability and condition substantially equivalent to the Vessel to replace the Vessel during such extended period of off-hire as
soon as possible but in any event not later than ***** days after the day on which the Charterer’s option to terminate arises in accordance with (i) or (ii) above (but in any event not later than the expiry of the ***** year period in
(i) above or the ***** year period in (ii) above, as applicable), in which case Charterer shall not be entitled to terminate the Charter under this Clause 24(f). In the event Owner does not have access to such substantially equivalent
vessel, Owner may nonetheless offer to Charterer its available vessel(s) and Charterer may accept such vessel(s). In any such case the parties shall agree upon such adjustments to the hire rate and/or such amendments to the performance warranties as
stipulated in this Charter as are, when compared with the performance capabilities of the Vessel, commensurate with any excesses or deficiencies, as the case may be, in the performance capabilities of the substitute vessel. This Clause 24(f) is
without prejudice to any other rights or obligations of Owner or Charterer under this Charter. For the purposes of this Clause 24(f), in the event of partial loss of service, the period of off-hire shall be the total period during which the Vessel
is not fully efficient rather than the resulting loss of time. 

  

	 	(g)	Subject to Clause 47 and the proviso in Clause 24(a), all costs including but not limited to bunkers, diesel oil, marine gas oil, port charges and the costs of cool down and boil-off incurred during periods of off-hire
shall be for Owner’s account. During periods of off-hire the actual boil-off shall be calculated for the entire period of off-hire. In the event that the actual boil-off cannot be, or has not been, determined for such period or a portion
thereof, the boil-off rate per day shall be deemed to be equivalent to the maximum average daily boil-off provided for in Clause 27(a)(iii) for that portion of the period for which the actual boil-off cannot be, or has not been, determined.

  

	 	(h)	 Owner shall be entitled to an allowance (“Off-hire Allowance”) of ***** days per year counted from the Delivery Date until the *****
anniversary thereof and thereafter for each *****-month period beginning on each anniversary of the Delivery Date. The Off-hire Allowance shall be applied in each such *****-

  
 48 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
month period against the first ***** days when the Vessel is off-hire under this Clause 24. Notwithstanding the foregoing, the Off-hire Allowance may not be cumulated from year to year and may
only be used in the *****month period in which it accrues. Owner shall promptly notify Charterer of any Off-hire Allowance taken and the reason therefor. During the Off-hire Allowance period, Charterer shall continue to pay hire, but such payment
shall be the only obligation of Charterer, and specifically excluding payment of any bunkers, boil-off or any other costs and liabilities accruing from such period. 

 

	25.	Dry-docking; Time for Scheduled Maintenance 

  

	 	(a)	Owner shall dry-dock, clean and paint the Vessel’s bottom and effect scheduled maintenance at no less than ***** intervals and no more than ***** intervals (or at such other intervals as Owner and Charterer may
mutually agree which best conform to Charterer’s requirement and to requirements for safety of the Vessel, its cargo, officers and crew and of any relevant government authorities and the Classification Society), so that the Vessel is fitted in
every way for service under this Charter and for which purpose Charterer shall allow the Vessel to proceed to an appropriate port. The first such dry-docking shall be within the period necessary for the Vessel to remain qualified for all warranties
and guarantees of Builder under the Building Contract. Owner shall be solely responsible for implementing any dry-docking and also for gas freeing the Vessel. Upon the occasion of each such dry-docking, Owner shall notify Charterer in writing at
least ***** months in advance for the guarantee repairs and ***** months otherwise. Furthermore, Owner will make reasonable efforts to provide Charterer ***** months’ written notice of each dry-docking other than guaranteed repairs.

  

	 	(b)	Owner’s selection of a yard for a scheduled dry-docking and any other scheduled maintenance and repairing pursuant to Clause 25(a) shall be subject to approval by Charterer. The selection of the yard shall take
into account the quality of the yard and the trade in which the Vessel is then engaged. 

  

	 	(c)	Owner shall inform Charterer in writing of the proposed specification for each scheduled dry-docking to be carried out pursuant to Clause 25(a) (which shall include, without limitation, the estimated costs of the
scheduled drydocking work and any anticipated time out of service) and give written notice thereof to Charterer at least one; ***** days prior to the proposed commencement of the dry-docking or such other time as the parties may agree); provided,
however, that in the case of lay unscheduled dry-docking, Owner shall consult with Charterer and submit a budget estimate (with any drydocking/maintenance/repair quotation from the agreed drydocking yard) which the parties shall consider with a view
to agreeing on such estimate, as far in advance thereof as possible and obtain Charterer’s written consent thereto. Charterer shall not unreasonably withhold or delay its consent to any such proposed dry-docking. 

 

	 	(d)	 Owner may, with Charterer’s prior written consent (such consent not to be unreasonably withheld or delayed), carry out unscheduled maintenance,
including 

  
 49 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
the inspection and maintenance of the Vessel’s boilers and cargo and spray pumps, bottom cleaning and hull inspection while the Vessel is afloat, and take the Vessel out of service, if so
required by such unscheduled maintenance or repairs (“Unscheduled Maintenance”). In addition to the Drydocking Allowances provided for under Clause 25(g) and without prejudice to the provisions of Clause 27(i), Owner shall be entitled to
the following allowances (the “Unscheduled Maintenance Allowances”) of: 

 *****and thereafter such Unscheduled
Maintenance Allowances shall apply for every ***** period (the “Allowance Period”) commencing from the first day of the ***** and thereafter from the first day of the first year of each subsequent Allowance Period. Owner shall notify
Charterer of any Unscheduled Maintenance Allowance to be taken and shall consult with Charterer as far in advance as possible as regards the timing of any such Unscheduled Maintenance. The Unscheduled Maintenance Allowance may not be accumulated
from year to year in any Allowance Period, and shall be subject to reduction, if any, in accordance with the provisions of Clause 27(i)(ii). 
  

	 	(e)	Owner shall use all reasonable efforts to arrange scheduled maintenance on the Vessel during periods acceptable to Charterer, and to minimize the amount of time utilized for such maintenance. Owner shall not, without
the consent of Charterer, arrange scheduled maintenance during the period 1 September to 31 March. 

  

	 	(f)	Owner shall ensure that all maintenance and repair of the Vessel from the date of this Charter until the end of the Term conforms to the Master Maintenance and Repair Plan, as supplemented by classification society
rules and prudent operating practices as adopted on first-class LNG-carrying and SRV vessels. The Master Maintenance and Repair Plan shall specifically address the maintenance and repair of the Regasification Components of the Vessel. Owner shall
propose a Master Maintenance and Repair Plan for Charterer’s approval (such approval not to be unreasonably withheld, conditioned or delayed) no later than ***** months prior to the Anticipated Delivery Date, such initial plan to be updated
annually by agreement no later than October 30th of each year during the Term. Should there be a significant interruption or frequent interruptions in the availability of the Vessel or other under-performance, Owner shall, in consultation with
Charterer, modify the Master Maintenance and Repair Plan and/or take any other action that may be necessary to ensure to the satisfaction of Charterer that such interruption or under-performance does not recur. 

 

	 	(g)	The Vessel will remain on hire for the following periods (“Drydocking Allowances”) in respect of each scheduled drydocking: 

 

	 	(i)	A period up to ***** days to carry out pre-docking and repair procedures, such as warming, inerting, gas freeing (including the ballast voyage time between the immediately prior discharge port and the drydocking
shipyard); plus 

  
 50 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(ii)	a period not exceeding ***** days during the first ***** dry-dockings, (subject, in respect of the first dry-docking, to such ***** day period being sufficient to complete a check of the Vessel’s cargo containment
system in accordance with the Builder’s guarantee under the Building Contract) and ***** days for each dry-docking thereafter, in each case commencing from ***** hours after arrival at the pilot station off the drydocking port to dropping
outward pilot off the drydocking port; plus 

  

	 	(iii)	a period not to exceed ***** days, for post docking and repair procedures, and any purging, gassing up or cooling in excess of that taken for normal loading; 

 

	 	(iv)	any deviation proceeding to and from the drydocking port provided the Vessel proceeds at normal speeds on such voyage. 

To the extent that the pre-docking and repair procedures or, as the case may be, the post-docking and repair procedures, can be carried out
while the Vessel is proceeding on a ballast voyage from the last discharge port to the approved selected drydocking port (for pre-docking and repair procedures) or from the approved selected drydocking port to the first loading port (for
post-docking and repair procedures) the allowance times above will be reduced taking into account the time saved in carrying out such procedures during such normal ballast voyage. Owner will use all reasonable endeavours to minimize the time that
the Vessel is out of service for drydocking (including, for avoidance of doubt, time to carry out, to the extent practicable, pre- and post-drydocking procedures during ballast voyages to and from the last approved dry-docking port), annual class
survey and maintenance and so far as is reasonably practicable shall ensure that any annual class survey in the drydocking year shall be carried out in conjunction with any scheduled drydocking. 

To the extent that the number of days used in scheduled drydocking exceeds the Drydocking Allowances, the Vessel shall be off-hire and the
provisions of Clause 24 shall apply; provided however that if Charterer required additional work to be completed during any scheduled dry-docking which cannot be completed during the period of relevant Dry-Docking Allowances, then the Vessel shall
not be off-hire to the extent that the relevant Dry-Docking Allowance is exceeded to complete such works. 
  

	 	(h)	 Owner may at any time, with Charterer’s prior approval (not to be unreasonably withheld or delayed), order the Vessel into a dry-dock or a
shipyard to correct a defect in the Regasification Components. Owner shall cooperate with Charterer in scheduling any such dry docking or other repair so as to minimize the impact on Charterer’s operations of the Vessel’s temporary
withdrawal from service. During any such period of dry-dock or other repair, the Vessel shall be off-hire and all costs incurred in respect of the repair or correction of such defect in the Regasification Components or as a result of the Vessel
entering, remaining in, breaking or leaving dry-dock or the shipyard shall be operating costs forming part 

  
 51 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
of the Variable Element under Schedule III (provided however that all costs saved or avoided due to warranties under the Building Contract shall not be paid by Charterer). 

 

	 	(i)	No later than ***** months prior to the Anticipated Delivery Date Owner shall provide to Charterer a draft SRV Operating Manual for Charterer’s approval (such approval not to be unreasonably withheld, conditioned
or delayed). The SRV Operating Manual shall be updated prior to delivery of the Vessel and thereafter annually by agreement no later than October 30th of each year during the Term. The SRV Operating Manual shall include, among other things, a
description of the activities and operation of the crew, the Regasification Components, the Buoy System and the requirements applicable to cargo management and filling level restrictions when the Vessel is connected to the Buoy System and/or
discharging regasified LNG; provided, however that the SRV Operating Manual shall not restrict the master’s rights to order the Vessel or its crew to take any action the master determines to be necessary to preserve life and property at sea.

  

	26.	Ship Inspection 

 Charterer shall have the right at any reasonable time after Delivery of the Vessel and
during the Term of this Charter (including during any dry-docking) to make such inspection of the Vessel as it may consider necessary. This right may be exercised as often and at such intervals as Charterer in its absolute discretion may determine
and whether the Vessel is in port or on passage. Owner shall afford all necessary cooperation and accommodation on board; provided, however, that (i) such inspections shall not interfere with or cause any delay in the operation of the Vessel,
(ii) all costs and expenses of such inspections shall be for account of Charterer, and (iii) neither the exercise nor the non-exercise, nor anything done or not done in the exercise or non-exercise, by Charterer of such right shall in any
way reduce the master’s or Owner’s authority over, or responsibility to Charterer or third parties for, the Vessel and every aspect of her operation, nor increase Charterer’s responsibilities to Owner or third parties for the same.
If, following any such inspection or at any other time, the Vessel does not comply with the requirements set forth for the Vessel in this Charter, then at the request of Charterer, Owner shall submit to Charterer in writing a plan to remedy the
defect(s) as soon as reasonably possible and in any event not later than ***** days after Charterer’s request (unless extended by Charterer). 
  

	27.	Performance 

  

	 	(a)	Owner undertakes and guarantees that at all times during the currency of this Charter, the Vessel shall be capable of maintaining: 

  

	 	(i)	an average speed per round trip voyage of no less than 19.5 knots, in moderate weather conditions up to and including Force 5 on the Beaufort Scale. At Charterer’s request, and provided that it is consistent with
the safety of the Vessel, Owner shall use best efforts to steam at a speed faster than 19.5 knots; provided that the fuel consumed during such periods of fast steaming shall be excluded from the calculation of fuel consumption for the purpose of
Clause 27(a)(ii); 

  
 52 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(ii)	a consumption of no more than about ***** metric tons of marine diesel oil per day or ***** tons of heavy fuel oil per day for purposes of propulsion only when boil-off gas is not available. When boil-off is available,
such guaranteed fuel oil consumption shall be reduced by the amount of such boil-off, measured in terms of its equivalency to fuel oil. Initially, one cubic meter (1m3) of boil-off gas shall
be deemed equivalent to 0.55 metric tons of fuel oil (“BOE”), based on the equivalency of the fuel oil used on the Vessel’s first laden voyage under this Charter and the composition of the LNG transported on said voyage. Subsequently,
the BOE shall be reviewed and revised by mutual agreement between Owner and Charterer from time to time to reflect changes in the composition of the LNG loaded; 

  

	 	(iii)	a maximum average daily boil-off of no more than 0.15% of the Vessel’s total cargo capacity measured on a laden voyage basis and no more than 0.10% of the Vessel’s total cargo capacity measured on a ballast
voyage basis; and 

  

	 	(iv)	the ability to discharge cargo in conformance with the specifications of Schedule I. 

  

	 	(b)	     

  

	 	(i)	The average speed and fuel consumption rates specified above shall be calculated by reference to the observed distance from FAOP (full away on sea passage) to EOP (end of sea passage) per round trip voyage during each
period stipulated in Clause 27(d), but excluding any time when the Vessel is off-hire pursuant to Clause 24 and also excluding “Adverse Weather Periods”, being (i) any period during which reduction of speed is necessary for safety in
congested waters or in poor visibility and (ii) any days, noon to noon, when winds reach up to and including Force 5 on the Beaufort Scale for more than 6 hours in aggregate. 

 

	 	(ii)	Boil-off calculation 

  

	 	(1)	The boil off excess on any sea passage shall be calculated by comparing the guaranteed boil off for the sea passage (i.e. the daily guaranteed boil off multiplied by the time between gaugings) with the actual boil off.

  

	 	(2)	The actual amount of boil off on a sea passage shall be calculated by subtracting the volume of LNG contained in the Vessel’s tanks at gauging after the sea passage from the volume therein at gauging before the sea
passage, less any LNG used for propulsion purposes resulting from forced vaporization; provided, however, that forced vaporization may only occur at Charterer’s request. 

  
 53 

Execution version re Hull 1689 

	 	(c)	If for any round trip voyage during any Performance Period, the Vessel falls below the performance guaranteed in Clause 27(a)(i)-(iv), then (subject to Clause 27(b)(i)), if such under performance results:

  

	 	(1)	from a reduction in the average speed of the Vessel, compared to the speed specified in Clause 27(a)(i), or any inability of the Vessel to meet the discharge requirements of 27(a)(iv), then an amount equal to the value
at the hire rate of the time so lost shall be deducted from the hire paid; or 

  

	 	(2)	from an increase in the total fuel oil (or fuel oil equivalent) consumed, compared to the total fuel oil (or fuel oil equivalent) that would have been consumed had the Vessel performed as specified in Clause 27(a)(ii)
and (a)(iii), then an amount equal to the value of the additional fuel oil (or fuel oil equivalent) consumed, based on the price of fuel on board the Vessel at the time of under-performance paid by Charterer and/or any affiliate of Charterer for
fuel oil in such period, shall be deducted from the hire paid. 

 The deduction from hire so calculated for laden and ballast
mileage shall be adjusted to take into account the mileage steamed in each such condition during Adverse Weather Periods, by dividing such deduction by the number of miles over which the performance has been calculated and multiplying by the same
number of miles plus the miles steamed during the Adverse Weather Periods, in order to establish the total deduction from hire to be made for such period. 

Reduction of hire under this Clause 27(c) shall be without prejudice to any other remedy available to Charterer. 

 

	 	(d)	Calculations under this Clause 27 shall be made for each Performance Period during the Term of this Charter, and any payments due to Charterer shall be credited as against hire payments in accordance with Clause 12 as
promptly as possible. Any necessary adjustment to hire under this Clause 27 after this Charter terminates (whether such termination is in respect of the Initial Charter Period or an extension period), shall be made promptly after such termination by
payment by Owner to Charterer or by Charterer to Owner as the case may require. 

  

	 	(e)	The following time and any distance traversed during such time shall be excluded from calculations under this Clause 27: 

  

	 	(i)	time lost for stops at sea or any other time at sea which is considered a period of off-hire under this Charter; 

  

	 	(ii)	time lost solely for reasons of safe navigation; 

  
 54 

Execution version re Hull 1689 

	 	(iii)	time spent steaming at reduced or accelerated speed at the instruction of Charterer (including time spent steaming at Charterer’s instruction with boil-off gas only when insufficient boil-off gas is available to
maintain warranted speed) or during stops at sea as requested by Charterer; 

  

	 	(iv)	time spent for the purpose of saving life or property; 

  

	 	(v)	time spent steaming at reduced speed by mandatory order of regulatory bodies having jurisdiction over the Vessel; 

  

	 	(vi)	time spent steaming at reduced speed as a result of fouling caused by extraordinary delays in port, beyond Owner’s control, or as the result of lay-up at Charterer’s instructions; 

 

	 	(vii)	time lost due to delays resulting from Charterer’s orders or Charterer’s scheduling 

  

	 	(viii)	time for navigating such restricted areas as Malacca-Singapore Straits, Suez Canal and other areas to be mutually agreed from time to time; 

 

	 	(ix)	time taken for bunkering during a sea passage in accordance with Charterer’s instructions or with Charterer’s consent, such consent not to be unreasonably withheld, conditioned or delayed; and

  

	 	(x)	time taken for scheduled maintenance under Clause 25. 

  

	 	(f)	When the Vessel is discharging cargo as a conventional LNG carrier, Owner further undertakes that, provided shore installations can receive at the rate specified in paragraph 4 of Appendix I to Schedule I and also
provided that the shore installation supplies a suitable gas return line capable of providing an adequate volume of return vapour to the Vessel to compensate for the displacement of LNG being discharged from the Vessel, the main cargo pumps will,
throughout the Term, discharge the Vessel’s cargo in not more than the number of hours specified in paragraph 4 of Appendix I to Schedule I. Time for stripping, connecting, disconnecting, purging and cooling of shore liquid arms and/or piping
and custody transfer measurement shall not be included in the computation of discharge time. 

  

	 	(g)	     

  

	 	(i)	Owner further undertakes, subject to the provisions of paragraph 10 of Appendix I to Schedule I, that the Regasification Components will, throughout the Term, enable the Vessel’s cargo to be regasified and
discharged at not less than a regasified LNG discharge rate, varying on a monthly basis, at corresponding pressures and temperatures, as specified in paragraph 11 of Appendix I to Schedule I (“Normal Performance”). 

  
 55 

Execution version re Hull 1689 

	 	(ii)	If, on any day, commencing from 10.00 A.M. (Boston local time) on that day and ending at 09.59 A.M. (Boston local time) on the immediately following day during a Discharge Period (a “Gas Day”), the
Vessel’s actual discharge rate calculated over that Gas Day (the “Actual Discharge Rate”) as measured in accordance with the provisions of paragraphs 9 and 10 of Appendix I to Schedule I is less than the daily nominated discharge rate
requested by Charterer in accordance with the Gas Nomination Procedures for that Gas Day (the “Nominated Discharge Rate”), and such Actual Discharge Rate is lower than Normal Performance (such deficient performance hereinafter being
referred to as “Reduced Performance”), then Charterer shall be entitled to pay hire at a rate equal to the Reduced Rate as calculated in accordance with paragraph 4 of Schedule III. For the avoidance of doubt, any reduction of hire to
which Charterer is entitled under this Clause 27(g) shall be credited as against hire payments in accordance with Clause 12(a) as promptly as possible. In the event of a discharge performed in a location having a gas day other than the Gas Day
defined above, then the definition of Gas Day shall, for that particular discharge, be deemed to be the gas day applicable at such alternate location. 

  

	 	(iii)	Subject always to the provisions of Clause 27(g)(iv) below, Owner shall use reasonable endeavours to accommodate intra-daily fluctuations of the Nominated Discharge Rate requested by Charterer in accordance with the
procedure for requesting and establishing daily and intra-day nominations as set forth in paragraph 9 of Schedule X (the “Gas Nomination Procedures”). 

  

	 	(iv)	Whenever Charterer requests a Nominated Discharge Rate above Normal Performance, Owner shall use reasonable endeavours to make such higher rate available, subject always to the maximum capacity of the Regasification
Components when all three units of the Regasification Components are operating. Notwithstanding the provisions of Clause 27(g)(ii) above, if the Vessel is incapable of discharging its cargo at such higher rate, such performance shall not be
considered Reduced Performance and Charterer shall not be entitled to pay hire at a rate equal to the Reduced Rate or claim a reduction in hire. 

  

	 	(v)	 If at the beginning of or during a Discharge Period it is evident that the Actual Discharge Rate is below 250 MMScf/day and the Vessel will not be
able to rectify the deficiency in the discharge rate by achieving a higher Actual Discharge Rate within the next forty-eight (48) hours for reasons other than the occurrence of one or more of the events set out in paragraph 10 of Appendix I to
Schedule I, then Charterer may instruct the Vessel to proceed to another Class I Unloading Terminal to discharge its cargo as LNG. In such an event, (1) Charterer shall be entitled to pay hire equal to the relevant Reduced Rate from the
beginning of that Discharge Period or from the time that it is evident that the Actual Discharge Rate is below 250 

  
 56 

Execution version re Hull 1689 

	 	
MMScf/day until the time that the Vessel has discharged its cargo as LNG in full at the selected Class I Unloading Terminal, and (2) thereafter, upon discharge of its cargo as LNG in full,
the Vessel shall be off-hire and shall remain off-hire until Owner has notified Charterer that the Vessel’s capability to discharge regasified LNG at Normal Performance has been reinstated; provided that the Vessel shall not be on hire
thereafter until she is in a geographical position no less favourable to Charterer than the geographical position at which she went off-hire. Notwithstanding the foregoing, any distance made good by the Vessel whilst off-hire under the provisions of
this Clause 27(g)(v) (including the cost of bunkers, diesel oil, marine gas oil and boil-off which would have been used or lost to make good such distance while so off-hire) shall be taken into account in assessing the amount to be deducted from
hire during any such Discharge Period. 

  

	 	(vi)	Notwithstanding the provisions of this Clause 27(g), if at any stage the actual discharge rate achieved by the Vessel is less than Normal Performance due to a defect in the Regasification Components (and such lower
discharge rate has not been requested by Charterer in accordance with the Gas Nomination Procedures), Owner shall be entitled to repair such defect in the Regasification Components and/or the Vessel by the Vessel proceeding to dry-docking in
accordance with the provisions of Clause 25(h). 

  

	 	(h)	In addition, Owner undertakes that throughout the Term the Vessel will be able to connect to and disconnect from the Buoy System in the manner and in not more than the number of hours specified in paragraph 12 of
Appendix I to Schedule I. 

  

	 	(i)	     

  

	 	(i)	Notwithstanding the provisions of Clause 27(e)(vi), if Owner has good reason to believe that the performance of the Vessel or her fuel consumption is affected and the speed and/or fuel warranties as stipulated in this
Clause 27 can no longer be met as a result of fouling, then Owner shall so notify Charterer in writing and shall be entitled to carry out an underwater inspection to see if there is fouling of the Vessel’s hull and/or propeller.

  

	 	(ii)	If the aforesaid underwater inspection shows that there is fouling of the Vessel’s hull and/or propeller, then, if Charterer so requests, Owner shall arrange and carry out cleaning afloat of the Vessel’s
underwater hull and propeller provided that such cleaning afloat: 

  

	 	(1)	can be carried out safely at a place approved by Owner and where the water is sufficiently clear for an underwater survey to be made of the cleanliness of the Vessel’s hull and propeller immediately thereafter; and

  
 57 

Execution version re Hull 1689 

	 	(2)	will not, in Owner’s reasonably held opinion, damage the Vessel’s underwater hull coatings in any way; and 

  

	 	(3)	is permitted by the relevant port authority. 

 Such cleaning afloat may take place when the
Vessel is connected to the Buoy System, subject always, however, to paragraphs (1) to (3) of the proviso of this paragraph (ii) being satisfied. 

The Vessel shall remain on hire for the duration of such underwater hull and propeller cleaning and any underwater survey, provided that the
Unscheduled Maintenance Allowance under Clause 25(d) shall be reduced by the time taken to complete such underwater hull and propeller cleaning and any underwater survey or inspection, and the cost of such underwater hull and propeller cleaning and
any underwater survey shall be an operating cost forming part of the Variable Element and shall be reimbursed to Owner in accordance with the provisions of Schedule III. 

If the underwater survey following such cleaning afloat shows that the Vessel’s underwater hull and propeller are clean, a successful
cleaning afloat shall be deemed to have occurred. 
  

	 	(iii)	If any underwater inspection pursuant to Clause 27(i)(i) reveals the presence of fouling of the Vessel’s hull or propeller, then from the time of Owner’s written notice under Clause 27(i)(i) that the
Vessel’s performance is affected by fouling, Owner shall be relieved of all of its obligations under Clauses 27(a) to (c) to the extent such obligations are affected by fouling and shall be deemed to have complied with the speed and fuel
warranties stipulated under Clause 27, to the extent such obligations are affected by fouling until the earlier of (1) the completion of the next scheduled drydocking and (2) the successful cleaning afloat. 

 

	28.	Salvage 

 Subject to the provisions of Clause 24, all loss of time and all expenses (excluding any damage
to or loss of the Vessel or tortious liabilities to third parties) incurred in saving or attempting to save life or in successful or unsuccessful attempts at salvage, shall be borne equally by Owner and Charterer; provided, however, that Charterer
shall not be liable to contribute towards any salvage payable by Owner arising in any way out of services rendered under this Clause 28. 
 All salvage and
all proceeds from derelicts shall be divided equally between Owner and Charterer after deducting the master’s, officers’ and crew’s share. 
  

	29.	Lien and Quiet Enjoyment 

  

	 	(a)	Owner shall not, other than Permitted Encumbrances, have and shall not allow others (claiming through Owner), to have a lien upon any cargoes, fuel, freights, sub-freights and/or sub-hires and demurrage except to the
extent that any such lien arises by operation of law. 

  
 58 

Execution version re Hull 1689 

	 	(b)	Charterer shall not have and shall not allow others (in their dealings with Charterer) to the extent they lawfully may, to have a lien on the Vessel except to the extent that any such lien arises by operation of law.

  

	 	(c)	In the event that any lien shall attach by operation of law or in violation of this Clause 29, Owner or Charterer, as the case may be, shall take such steps as are reasonably necessary to ensure that the lien does not
interfere with the Vessel’s operations said to effect prompt release of such lien prior to the enforcement thereof. 

  

	30.	Exceptions 

  

	 	(a)	The Vessel, her master and Owner shall not, unless otherwise in this Charter expressly provided, be liable for any loss or damage or delay or failure arising or resulting from any act, neglect or default of the master,
pilots, mariners or other servants of Owner in the navigation or management of the Vessel; fire, unless caused by the actual fault or privity of Owner; collision or stranding; dangers and accidents of the sea; explosion, bursting of boilers,
breakage of shafts or any latent defect in hull, equipment or machinery; provided, however, that Clauses 2, 3, 4 and 27 hereof shall be unaffected by the foregoing. Further, neither the Vessel, her master or Owner nor Charterer shall, unless
otherwise in this Charter expressly provided, be liable for any loss or damage or delay or failure in performance hereunder arising or resulting from act of God, act of war, seizure under legal process, quarantine restrictions, strikes, lock-outs,
riots, restraints of labor, civil commotions or arrest (in each case unless caused by the failure of the party seeking the benefit of the exception to exercise due diligence), or restraint of princes, rulers or people. 

 

	 	(b)	The Vessel shall have liberty to sail with or without pilots, to tow or go to the assistance of vessels in distress and to deviate for the purpose of saving life or Property. 

 

	 	(c)	Clause 30(a) shall not apply to or affect any liability of Owner or the Vessel or any other relevant person in respect of: 

  

	 	(i)	loss or damage caused to any berth, jetty, dock, dolphin, buoy, mooring line, pipe or crane or other works or equipment whatsoever at or near any place to which the Vessel may proceed under this Charter, whether or not
such works or equipment belong to Charterer; or 

  

	 	(ii)	 any claim (whether brought by Charterer or any other person) arising out of any loss of or damage to cargo, or in connection therewith. All such
claims shall be subject to the Hague-Visby Rules or the Hague Rules or the Hamburg Rules as the case may be, which pursuant to Clause 41 shall be incorporated in the relevant bill of lading (whether or not such Rules

  
 59 

Execution version re Hull 1689 

	 	
were so incorporated), or, if no such bill of lading is issued, to the Hague-Visby Rules unless the Hamburg Rules compulsorily apply, in which case to the Hamburg Rules. 

 

	 	(d)	No provision for the payment or cessation of hire, including provisions relating to off-hire and reduction in hire contained in this Charter, shall be affected by the provisions of this Clause 30. 

 

	 	(e)	Notwithstanding any other provision of this Charter, any liability of Owner or Charterer for loss of or damage to any property and death of or injury to any person arising out of or relating to the use by the Vessel of
any port designated by Charterer shall be subject to such port or terminal regulations or conditions of use and such other terms relating to the use of such port as may from time to time be required by the responsible port or terminal operator,
provided that such port or terminal regulations or conditions of use are reasonably acceptable to reputable insurers and the Approved Club. 

  

	31.	Injurious Cargoes 

 No acids, explosives or cargoes injurious to the Vessel shalt be shipped and without
prejudice to the foregoing any damage to the Vessel caused by the shipment of any such cargo, and the time taken to repair such damage, shall be for Charterer’s account. No voyage shall be undertaken, nor any goods or cargoes loaded, that would
expose the Vessel to capture or seizure by rulers or governments. 
  

	32.	Grade of Bunkers 

 Charterer shall supply bunker fuel oil for main propulsion and marine gas oil for the
auxiliaries meeting the specifications set out in Schedule I. 
  

	33.	Disbursements 

 In exceptional circumstances only, should the master require advances for ordinary
disbursements at any port, Charterer or its agents may, in its sole discretion, make such advances to him, in which case all such advances shall be deducted from hire. 
  

	34.	Laying-Up 

 Charterer shall have the right, after consultation with Owner, to require Owner to lay-up the
Vessel at a safe place mutually agreed in which case the hire provided for under this Charter shall be adjusted to reflect any net increases in expenditure reasonably incurred or any net saving which should reasonably be made by Owner as a result of
such lay-up. Charterer may exercise such right any number of times during the currency of this Charter. During any period of lay-up under this Clause 34, Owner’s duty of maintenance under Clause 4 shall be reduced to the standard ordinarily
applied by prudent owners to vessels of the same type in lay-up and Clauses 24 and 27 shall not apply. Until such time as it is practicable for Owner to complete all work required with respect to fouling (as determined by Owner’s surveyor) to
restore the Vessel to a condition it would have been in if it had not been laid up, any reduction in the Vessel’s 

  
 60 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 
performance due to fouling during a lay-up requested by Charterer under this Clause 34 shill not give rise to a performance claim against Owner. Bottom cleaning, propeller polishing or
dry-docking required as a result of lay-up under this Clause 34 shall be for the account of Charterer. 
  

	35.	Requisition 

 Should the Vessel be requisitioned by any government, de facto or de jure, during the
period of this Charter, the Vessel shall be off-hire during the period of such requisition, and any hire paid by such government in respect of such requisition period shall be for Owner’s account. Any such requisition period shall count as part
of the Initial Charter Period or the applicable extension period, if any, as the case may be. 
  

	36.	Outbreak of War 

 If war is declared in any location that materially interrupts the performance of this
Charter, or actually precludes Charterer’s ability to employ the Vessel, Owner and Charterer (as appropriate based on which entity is affected) shall each have the right to terminate this Charter without penalty; provided, however, that the
party seeking to rely upon this Clause 36 has consulted with the other party in good faith and, for a minimum of ***** days after any such outbreak has commenced, each party shall take such steps as may reasonably be available to it (including
without limitation a change in the Vessel’s country of registration) with a view to avoiding or mitigating the effects of such war or hostilities, failing which either party may terminate this Charter forthwith. 

 

	37.	Additional War Expenses 

 The Vessel shall not be ordered to trade in areas where, in Owner’s
reasonable opinion, there is war (de facto or de jure) or threat of war, without Owner’s consent. If the Vessel is so ordered and Owner does consent, Charterer shall reimburse Owner for any additional insurance premiums, crew
bonuses and other expenses which are reasonably incurred by Owner as a consequence of such orders; provided, however, that Charterer is given written notice of such expenses as soon as practicable and, when possible, before such expenses are
incurred and provided further that Owner obtains from its insurers a waiver of any subrogated rights against Charterer in respect of any claims by Owner under its war risk insurance arising out of compliance with such orders. Any payments by
Charterer under this Clause 37 will only be made against substantiating documentation. However, if Owner is not able to maintain from its insurers such a waiver of any subrogated rights against Charterer, Owner shall be entitled to withhold its
consent under this Clause 37 unless Charterer undertakes to reimburse Owner for any additional, reasonably incurred and appropriately documented expenses notwithstanding that Owner shall not have been able to obtain such waivers of subrogation.

  

	38.	War Risks 

  

	 	(a)	The master shall not be required or bound to sign bills of lading for any place which in his or Owner’s reasonable opinion is dangerous or impossible for the Vessel to enter or reach owing to any blockade, war,
hostilities, warlike operations, civil war, civil commotions or revolutions. 

  
 61 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(b)	If in the reasonable opinion of the master or Owner it becomes, for any of the reasons set out in Clause 38(a) or by the operation of international law, dangerous, impossible or prohibited for the Vessel to reach or
enter, or to load or discharge cargo at, any place to which the Vessel has been ordered pursuant to this Charter (a “place of peril”), then Charterer or its agents shall be immediately notified by telex or radio messages, and Charterer
shall thereupon have the right to order the cargo, or such part of it as may be affected, to be loaded or discharged, as the case may be, at any other place within the trading limits of this Charter (provided such other place is not itself a place
of peril). If any place of discharge is or becomes a place of peril, and no orders have been received from Charterer or its agents within ***** hours after dispatch of such messages, then Owner shall be at liberty to discharge the cargo or such part
of it as may be affected at any place which Owner or the master may in its or his discretion select within the trading limits of this Charter and such discharge shall be deemed to be due fulfillment of Owner’s obligations under this Charter so
far as the cargo so discharged is concerned. 

  

	 	(c)	The Vessel shall have liberty to comply with any directions or recommendations as to departure, arrival, routes, ports of call, stoppages, destinations, zones, waters, delivery or in any other wise whatsoever given by
the government of the Flag State or any other government or local authority or by any person or body acting or purporting to act as or with the authority of any such government or local authority including any de facto government or local authority
or by any committee or person having under the terms of the war risks insurance on the Vessel the right to give any such directions or recommendations. If by reason of or in compliance with any such directions or recommendations anything is done or
is not done, such shall not be deemed a deviation. 

 If by reason of or in compliance with any such direction or
recommendation the Vessel does not proceed to any place of discharge to which she has been ordered pursuant to this Charter, the Vessel may proceed to any place which the master or Owner in his or its discretion select and there discharge the cargo
or such part of it as may be affected. Such discharge shall be deemed to be due fulfillment of Owner’s obligations under this Charter so far as the cargo so discharged is concerned; provided, however, that Owner shall use reasonable endeavors
to advise Charterer of the proposed alternative place of discharge and shall, insofar as is practicable in the circumstances, take into consideration any alternative proposal of Charterer. 

Charterer shall procure that all bills of lading issued under this Charter shall contain clauses consistent with Conwartime 2004, and any amendments thereof.

  
 62 

Execution version re Hull 1689 

	39.	Both to Blame Collision Clause 

 If the liability for any collision in which the Vessel is involved while
performing this Charter falls to be determined in accordance with the laws of the United States of America, the following provisions shall apply: 

“If the Vessel comes into collision with another ship as a result of the negligence of the other ship and any act, neglect or default of
the master, mariner, pilot or the servants of the carrier the navigation or in the management of the ship, the owners of the cargo carried hereunder will indemnify the carrier against all loss or liability to the other or non-carrying ship or her
owners in so far as such loss or liability represents loss of, or damage to, or any claim whatsoever of the owners of the said cargo, paid or payable by the other or non-carrying ship or her owners to the owners of the said cargo and set off,
recouped or recovered by the other or non-carrying ship or her owners as part of their claim against the carrying ship, or carrier.” 

“The foregoing provisions shall also apply where the owners, operators or those in charge of any ship or ships or objects other than, or
in addition to, the colliding ships or objects are at fault in respect of a collision or contact.” 
 Charterer shall procure that all bills of lading
issued under this Charter shall contain a provision in the foregoing terms to be applicable where the liability for any collision in which the Vessel is involved falls to be determined in accordance with the laws of the United States of America.

  

	40.	New Jason Clause 

 General average contributions shall be payable according to the York/Antwerp Rules,
1994, and shall be adjusted in London in accordance with English law and practice, but should adjustment be made in accordance with the law and practice of the United States of America, the following provision shall apply: 

“In the event of accident, danger, damage or disaster before or after the commencement of the voyage, resulting from any cause whatsoever,
whether due to negligence or not, for which, or for the consequence of which, the carrier is not responsible by statute, contract or otherwise, the cargo, shippers, consignees or owners of the cargo shall contribute with the carrier in general
average to the payment of any sacrifices, losses or expenses of a general average nature that may be made or incurred and shall pay salvage and special charges incurred in respect of the cargo.” 

“If a salving ship is owned or operated by the carrier, salvage shall be paid for as fully as if the said salving ship or ships belonged
to strangers. Such deposit as the carrier or his agents may deem sufficient to cover the estimated contribution of the cargo and any salvage and special charges thereon shall, if required, be made by the cargo, shippers, consignees or owners of the
cargo to the carrier before delivery.” 
 Charterer shall procure that all bills of lading issued under this Charter shall contain a provision in the
foregoing terms, to be applicable where adjustment of general average is made in accordance with the laws and practice of the United States of America. 

  
 63 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	41.	Clause Paramount 

 Charterer shall procure that all bills of lading issued pursuant to this
Charter shall contain the following clause: 
 “(1) Subject to sub-clause (2) or (3) hereof, this bill of lading shall be
governed by, and have effect subject to, the rules contained in the International Convention for the Unification of Certain Rules relating to Bills of Lading signed at Brussels on 25th August 1924 (hereafter the “Hague Rules”) as
amended by the Protocol signed at Brussels on 23rd February 1968 (hereafter the “Hague-Visby Rules”). Nothing herein contained shall be deemed to be either a surrender by the carrier of any of his rights or immunities or an increase
of any of his responsibilities or liabilities under the Hague-Visby Rules.” 
 “(2) If there is governing legislation which applies
the Hague Rules compulsorily to this bill of lading, to the exclusion of the Hague-Visby Rules, then this bill of lading shall have effect subject to the Hague Rules. Nothing herein contained shall be deemed to be either a surrender by the carrier
of any of his rights or immunities or an increase of any of his responsibilities or liabilities under the Hague Rules.” 
 “(3) If
there is governing legislation which applies the United Nations Convention on the Carriage of Goods by Sea 1978 (“Hamburg Rules”) compulsorily to this bill of lading to the exclusion of the Hague-Visby rules, then this bill of lading shall
have effect subject to the Hamburg Rules. Nothing herein contained shall be deemed to be either a surrender by the carrier of any of his rights or immunities or an increase of any of his responsibilities or liabilities under the Hamburg Rules.”

 “(4) If any term of this bill of lading is repugnant to the Hague-Visby Rules, or Hague Rules or Hamburg Rules, if applicable, such
term shall be void to that extent but no further.” 
 “(5) Nothing in this bill of lading shall be construed as in any way
restricting, excluding or waiving the right of any party or person to limit his liability under any available legislation and/or law.” 
  

	42.	Rules and Regulations; Trading; Pollution 

  

	 	(a)	 In the event of any modifications, changes in specification, structural changes or new equipment (collectively, “Changes”) becoming
compulsory for the continued operation of the Vessel by reason of new class requirements or national or international regulations (including, but not limited to, amendments to the United States Oil Pollution Act, 1990) coming into effect after the
date hereof, Owner Shall promptly give Charterer written notice thereof (a “Changes Notice”). The Changes Notice shall state the nature of all Changes covered by the notice as well as the amount and detail of the costs therefor. Owner
shall consult with Charterer regarding the necessity, timing and nature of the work required to effect such Changes. Owner shall use all reasonable efforts to minimize the need for and the cost of Changes. In respect of the costs incurred pursuant
to this Clause 42(a) which are LNG Carrier Changes (as defined below), Charterer shall be responsible for the cost of such LNG Carrier Changes up to an amount equal to the USD *****multiplied by the lesser of: (i) ***** and (ii) *****(the
“Charterer’s Maximum LNG Carrier Changes”). Owner shall be responsible for any cost of LNG Carrier Changes in excess of Charterer’s Maximum LNG Carrier 

  
 64 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
Changes. Charterer shall be responsible for the full cost of Changes which are not LNG Carrier Changes. Any costs to be borne by Charterer in accordance with this Clause 42(a) shall be paid, in
Charterer’s option, either in cash against presentation of invoices for the relevant modifications or by way of adjustment to the hire payable hereunder in accordance with Schedule III to this Charter. In this Clause 42(a), “LNG Carrier
Changes” means any Changes which apply to the Vessel and which also apply to a conventional LNG carrier which does not have regasification capability. 

  

	 	(b)	If the Vessel can continue its service under this Charter, based upon an adjusted trading pattern and voyage planning determined by Charterer in its sole discretion, without the necessity for effecting such Changes,
Charterer shall have the right to continue this Charter without such Changes. 

  

	 	(c)	If Charterer does not advise Owner in writing of an adjusted trading pattern and voyage planning within ***** days of the Changes Notice, Owner shall proceed with the Changes. 

 

	 	(d)	Without prejudice to Clauses 14(a) or 24, Charterer accepts any limitations placed at any time during the period of this Charter on trading by the Flag State or the state in which the effective management of the Vessel
is exercised; provided, however, that if any such limitation imposed by the Flag State impairs the ability of the Vessel to conduct the carriage of LNG under this Charter, and if a change in the Vessel’s registration could remove or alleviate
such impairment, then the Vessel’s registration shall be changed to another jurisdiction mutually agreed between Charterer and Owner. The cost of change of flag shall be for Charterer’s account. 

 

	 	(e)	Subject to the other provisions of this Clause 42, Owner shall comply with (and shall ensure that the Vessel complies with) all financial capability, responsibility, security or like laws, regulations and/or other
requirements of whatever kind with respect to pollution damage (including compliance with the United States Oil Pollution Act 1990, as amended or as it may be amended from time to time, when the Vessel is trading with ports in the United States and,
when the Vessel is trading elsewhere, the International Convention on Civil Liability for Oil Pollution Damage, 1969, as amended by the 1992 Protocol and the 2000 Amendments and as may be further amended from time to time) in effect on the date of
this Charter which are applicable to the Vessel entering, leaving, remaining at or passing through any places or waters in the performance of this Charter. Owner shall make all arrangements by bond, insurance or otherwise and take all such other
action as may be necessary to satisfy such laws, regulations and/or other requirements. All costs and expenses incurred in complying with this Clause 42(e) shall be operating costs for the purposes of Schedule III. 

  
 65 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	43.	Export Restrictions 

 The master shall not be required or bound to sign bills of lading for the carriage
of cargo to any place to which export of such cargo is prohibited under the laws, rules or regulations of the country in which the cargo was produced and/or shipped. 

Charterer shall procure that all bills of lading issued under this Charter shall contain the following clause: 

“If any laws rules or regulations applied by the government of the country in which the cargo was produced and/or shipped, or any relevant
agency thereof, impose a prohibition on export of the cargo to the place of discharge designated in or ordered under this bill of lading, carriers shall be entitled to require cargo owners forthwith to nominate an alternative discharge place for the
discharge of the cargo, or such part of it as may be affected, which alternative place shall not be subject to the prohibition, and carriers shall be entitled to accept orders from cargo owners to proceed to and discharge at such alternative place.
If cargo owners fail to nominate an alternative place within ***** hours after they or their agents have received from carriers notice of such prohibition, carriers shall be at liberty to discharge the cargo, or such part of it as may be affected by
the prohibition, at any safe place on which they or the master may in their or his absolute discretion decide and which is not subject to the prohibition, and such discharge shall constitute due performance of the contract contained in this bill of
lading so far as the cargo so discharged is concerned.” 
 The foregoing provision shall apply mutatis mutandis to this Charter, the
references to a bill of lading being deemed to be references to this Charter. 
  

	44.	Safe Navigation Clause 

 In the interests of safety, Owner will recommend that the Master observe the
recommendations as to traffic separation and routing as issued from time to time by the International Maritime Organization and the rules promulgated by the Flag State of the Vessel or the state in which the effective management of the Vessel is
exercised. 
  

	45.	Cargo Management; Filling Level Restrictions 

  

	 	(a)	The Vessel shall trade and operate under this Charter at all times, including, without limitation, when the Vessel is connected to the Buoy System during any Discharge Period, with her cargo tanks loaded in an amount
within the tolerances permitted by the Classification Society and within the filling level restrictions stipulated by the guidelines of the Classification Society and GTT for the Vessel’s safe operation and cargo management. In addition, for
the duration of any period when the Vessel is connected to the Buoy System, the Vessel shall be operated in accordance with the provisions of paragraph 12 of Appendix I to Schedule I and the operational limitations relating to tank discharge
sequences and cargo re-distribution routines set out in the SRV Operating Manual. Any time lost by reason of the Vessel not being able to remain connected to the Buoy System and/or to discharge LNG or regasified LNG as a consequence of Owner’s
adherence to such guidelines relating to the management of the Vessel’s cargo and filling level restrictions shall count as time on-hire. 

  
 66 

Execution version re Hull 1689 

	 	(b)	Owner shall have the right, at any time following an instruction from Charterer, to reject such an instruction if to comply with such instruction would, in the master’s sole discretion, result in a breach of the
limitations specified by either the Classification Society, GTT, the laws or regulations of the Vessel’s Flag State, or the guidelines set forth in the SRV Operating Manual. Any damage to the Vessel’s cargo tanks and their insulation
caused by the Vessel’s non-compliance with the provisions of Clause 45(a), and the time taken to repair damage, shall be for Owner’s account. 

  

	46.	Boil-off 

 Subject to Clauses 24(g) and 27(c)(ii), Owner shall be entitled to use boil-off from the LNG
being transported at no cost to Owner. Owner shall use reasonable endeavors to minimize boil-off. Charterer may, at its option, require a greater boil-off to be used as fuel (within the capability of the Vessel and subject to considerations of
safety as determined by the master) by so informing the master and Owner. 
  

	47.	Purging and Cool Down 

  

	 	(a)	Charterer shall provide, without cost to Owner, sufficient LNG to purge and cool down the cargo tanks and other handling systems to the temperature necessary to commence loading, together with a suitable return gas line
to the shore facility upon the arrival of the Vessel at the loading port prior to first loading of the Vessel hereunder and following any scheduled dry docking. The Vessel shall be on-hire during any such purging and cool down operation which shall
be without any cost to Owner. If purging and/or cool down is required for any other reason attributable to Charterer, Charterer shall provide, without cost to Owner, sufficient LNG to purge and/or cool down the cargo tanks and other handling systems
to appropriate temperature as determined by Charterer, and the Vessel shall remain on hire during any such purging and cooling down operation. Charterer shall also provide without charge LNG required for purging and cooling the Regasification
Components as necessary to discharge regasified LNG. 

  

	 	(b)	If purging and/or cool down in any other circumstances (including unscheduled dry-docking or other exceptional circumstances) is required by Owner (for Owner’s purposes) Charterer shall provide sufficient LNG to
purge and/or cool down the cargo tanks and other handling systems to appropriate temperatures as determined by Owner, but Owner shall bear the cost and time of such purging/cool down, and shall pay Charterer for any LNG provided at the LNG F.O.B.
price at the loading port. Owner shall be credited for any gas detected as liquid (LNG) at the Vessel’s tank(s) bottom. 

  

	 	(c)	 Owner, the master and Charterer shall agree from time to time based on current experience as to the quantity of LNG to be retained on board following
cargo 

  
 67 

Execution version re Hull 1689 

	 	
discharge for the purpose of cooling and propulsion on the ballast voyage so as to permit the Vessel to arrive at the next loading berth in a ready-to-load condition. If no such agreement can be
reached, said quantity shall be as established by an independent surveyor knowledgeable in the transportation of LNG chosen by Charterer in consultation with Owner. Owner and the master shall cooperate with Charterer to manage retained LNG for cargo
tank cooling in accordance with Charterer’s reasonable instructions. 

  

	48.	Nitrogen and Inert Gas 

 The supply of inert gas and nitrogen shall be the responsibility of Owner, but
the cost of fuel for same shall be for Charterer’s account. 
  

	49.	Measuring Devices 

 Owner shall equip the Vessel with ullage tables, gauges and devices for measuring
temperature, level and pressure, and gauges and devices suitable for accurately measuring regasified LNG, which are acceptable to governmental authorities and the parties in the trade in which the Vessel is engaged and which are customarily
maintained on board LNG carriers, including SRVs. Such tables, gauges and devices shall be accurate and reliable in their practical application and shall comply with the maximum permissible tolerances provided for in Schedule I. Compliance with the
foregoing shall be certified by an internationally recognized independent marine surveyor chosen by Owner and approved by Charterer. From time to time as requested by Charterer (but not to exceed the period between the Vessel’s normal
dry-dockings for items (i) and (ii) below), in a manner which avoids undue interference with normal operation of the Vessel, Owner shall arrange for: 
  

	 	(i)	testing the accuracy of the instrumentation described above; 

  

	 	(ii)	the recalibration of such instruments; and 

  

	 	(iii)	the recalibration and recertification of tank gauge tables. 

 Such testing and recalibration shall be done
using LNG industry approved methods. All costs incurred in relation to such testing and recalibration under (i), (ii) and (iii) above shall be an operating cost pursuant to Schedule III. 

 

	50.	Sampling and Measuring of Cargo 

 Charterer or its representatives shall have the right to attend
measurements, take samples, and read and record indications from the cargo instrumentation during loading and discharging operations. At Charterer’s request, from time to time, Owner shall ensure that LNG samples are transported on the Vessel
and are properly stored during the voyage and delivered to purchasers and/or suppliers of LNG upon arrival at the termination of the voyage. 

  
 68 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	51.	Drawings, Specifications and Modifications 

  

	 	(a)	Owner shall provide to Charterer one (1) true copy of each instruction manual and any other plans, drawings, designs and specifications for the Vessel as Charterer shall reasonably request with respect to ship to
shore interface. Owner shall furnish to Charterer full information on the type and accuracy of heel and trim gauges for use with tank calibration tables and of such measuring instruments used for level, temperature and density of LNG as are fitted
on board. 

  

	 	(b)	After the Delivery Date, Owner shall cause such other changes to be made to the Vessel as Charterer may from time to time reasonably request; provided, however, that Owner shall not be obligated to approve, make or
cause to be made any changes which would conflict with applicable rules or regulations of governmental authorities, the Vessel’s Classification Society, or applicable international organizations, or which in the reasonable opinion of Owner
would affect the ability to comply with its obligations as to performance and maintenance contained in this Charter. All costs incurred as a result of such changes shall be borne by Charterer in accordance with Schedule III. Owner and Charterer
shall consult as to the timing and the nature of the work required. Time taken to pursue any such work shall count as time on-hire hereunder. 

  

	52.	Taxes 

  

	 	(a)	All payments of hire and other payments made by Charterer to Owner under this Charter shall be made without deduction or withholdings whatsoever in respect of Taxes imposed on such hire or other payment by any country
(or any taxing authority thereof or therein) where loading or discharging of LNG takes place or where the Vessel is located or through which it travels, or where Charterer is organised, does business or has a fixed place of business, or where
Charterer makes payments under this Charter, unless Charterer is required by applicable law to make any such deduction or withholding, in which event, except as provided in Clause 52(c), the amount payable hereunder in respect of hire shall be
increased by an amount (an “Additional Amount”) so that the amount received by Owner net of such Tax, deduction or withholding shall be the amount that would have been received but for such deduction or withholding. Charterer shall deduct
the legally required amount of withholding Tax and shall pay such Tax over to the relevant taxing authority and shall provide Owner with an original receipt evidencing payment of such Taxes within ***** business days of payment of such Tax.

 All payments made by Owner to Charterer under this Charter shall be made without deduction or withholdings whatsoever in
respect of Taxes imposed on such payment by any country (or any taxing authority thereof or therein) where Owner is organized, does business or has a fixed place of business, or where Owner makes payments under this Charter, unless Owner is required
by applicable law to make any such deduction or withholding, in which event, the amount payable hereunder shall be increased by an amount an (“Additional 

  
 69 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 
Amount”) so that the amount received by Charterer net of such Tax, deduction or withholding shall be the amount that would have been received but for such deduction or withholding. Owner
shall deduct the legally required amount of withholding Tax and shall pay such Tax over to the relevant taxing authority and shall provide Charterer with an original receipt evidencing payment of such Taxes within ***** business days of payment of
such Tax. 
  

	 	(b)	Except as provided in Clause 52(c), if Taxes are imposed on Owner (or any successor or affiliate) or the Vessel in respect of hire under this Charter, Charterer will, on written demand by Owner, indemnify and hold
harmless Owner (or any successor or affiliate) against such Taxes imposed by any country (or any taxing authority thereof or therein) where loading or discharging of LNG takes place or where the Vessel is located or through which it travels, or
where Charterer is organised, does business or has a fixed place of business, or where Charterer makes payments under this Charter. 

  

	 	(c)	Charterer’s obligations under Clauses 52(a) and (b) are limited by the following: 

  

	 	(i)	Charterer’s obligations relate only to Taxes or withholdings or deductions of Tax in respect of hire earned hereunder, and arise only out of the Vessel’s service under this Charter, not out of or in relation
to any other business activities of Owner unrelated to this Charter in or with respect to the relevant taxing jurisdiction. 

  

	 	(ii)	Charterer shall not be responsible for any Tax that would not be imposed but for Owner’s being organized in or resident of, having a present or former office, principal or fixed of business or agency (excluding any
office, principal or fixed place of business or agency existing or deemed to exist as a result of Owner’s or Charterer’s activities in connection with the performance of its obligations under this Charter, except for any office, principal
or fixed place of business or agency existing or deemed to exist as a result of or in connection with Owner’s regasification activities contemplated under this Charter) in the jurisdiction imposing the Tax. 

 

	 	(iii)	Charterer shall not be responsible for any Taxes, withholding or deduction imposed by the Vessel’s country of registry to the extent such Taxes are imposed solely as a result of the Vessel being registered in such
country. 

  

	 	(iv)	Charterer shall not be responsible for any Taxes imposed under Section 887 of the Code except if such Tax is imposed as a result of the Vessel being used in a manner that does not constitute the “international
operation of ships” within the meaning of Section 883 of the Code or as a result of Charterer’s failure to meet its obligations under this Charter. 

 

	 	(v)	Charterer shall not be responsible for any Taxes imposed under Section 884 of the Code. 

  
 70 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(vi)	For purposes of this Clause 52(c)(vi), the term “Listed Country” means a country listed on Appendix 1 to Schedule I as the location of a “Loading Terminal” under Clause 1(a) of such Appendix or
“Unloading Terminal” under Clause 1(b) of such Appendix. Charterer shall not be obligated to indemnify Owner for Taxes under this Clause 52 to the extent that such Taxes are imposed by a Listed Country and such Taxes would not have been
imposed had Owner been a tax resident of Norway and had benefited from any of the shipping article, the business profits article, the permanent establishment article, or other relevant provisions of a double tax treaty between Norway and the Listed
Country imposing the Tax, as such treaty is in effect from time to time, except if such Tax is imposed as a result of Charterer’s failure to meet its obligations under this Charter. 

 

	 	(d)	In case Charterer is obligated to indemnify for Taxes pursuant to Clause 52(b), Owner shall promptly provide Charterer with an accounting of any indemnifiable Taxes payable by the indemnified party and if the
indemnified party shall have paid the Taxes to be indemnified shall provide Charterer with a copy of accurate official receipts from the appropriate governmental or taxing authority, if available, or other documents showing the amount of the above
Taxes paid by Owner. 

  

	 	(e)	Owner shall use all reasonable efforts to reduce or avoid withholdings and deductions which would otherwise become the obligation of Charterer hereunder. 

 

	 	(f)	Taxes indemnified hereunder shall be paid within ***** business days of demand by Owner. 

  

	53.	Law and Arbitration 

 This Charter shall be construed and the relations between the parties determined in
accordance with the laws of England. The foregoing notwithstanding, no term of this Charter is enforceable under the Contracts (Rights of Third Parties) Act 1999 by a person who is not a party to it. 

All disputes or differences arising out of or under this Charter which cannot be amicably resolved shall be referred to arbitration in London. 

Unless the parties agree upon a sole arbitrator within ***** days of one party requiring the other to do so, each party shall appoint its own arbitrator. The
arbitrators so appointed shall appoint a third arbitrator and the reference of any such dispute shall be to the 3-man tribunal thus constituted. 
 If
either of the appointed arbitrators refuses to act or is incapable of acting, the party who appointed him shall appoint a new arbitrator in his place. 
 If
one party fails to appoint arbitrator, whether originally or by way of substitution, within ***** ***** weeks after the other party has appointed his arbitrator, and such other party has (by telex, fax or letter) called upon the defaulting party to
make the appointment, the President for the time being of the International Chamber of Commerce (“ICC”) shall, upon application of the other 

  
 71 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 
party, appoint an arbitrator on behalf of the defaulting party and that arbitrator shall have the like powers to act in the reference and make an award (and, if the case so requires, the like
duty in relation to the appointment of a third arbitrator) as if he had been appointed by the defaulting party in accordance with the terms of this Charter. 

The ICC Rules of Arbitration (the “ICC Rules”) in force at the time when the arbitration proceedings are commenced shall apply to any arbitration
arising in connection with this Charter; provided, however, that where the amount in dispute does not exceed the sum of ***** United States Dollars (US$*****) (or such other sum as the parties may agree) any dispute shall be resolved in accordance
with the Guidelines for Arbitrating Small Claims under the ICC Rules. 
  

	54.	Construction 

 The headings have been included in this Charter for convenience of reference and shall in
no way affect the construction hereof. 
  

	55.	Custody Transfer and Calibration/Tank Tables 

 The cargo quantity measurement for custody transfer
purposes, irrespective of whether the Vessel operates, and discharges LNG, as a conventional LNG-carrier or whether the Vessel operates, and discharges regasified LNG, as an SRV, shall be based on measurements and sampling using the Vessel’s
LNG cargo tank level measuring equipment (using the “ship figures in/out” principle). 
 Owner shall cooperate with Charterer in matters relating
to and arising out of written requirements and procedures of Charterer for the sampling and measuring of cargo and the testing of the Vessel’s custody transfer equipment. Owner shall permit Charterer or its representatives or its affiliates to
be present at the time when the custody transfer is taking place and at a time when the LNG cargo tanks are routinely inspected and calibration checks are made to the custody transfer equipment. In the event that any of the Vessel’s custody
transfer equipment is found to be incorrect or if the accuracy of any parts fails to meet the applicable tolerances as provided in Schedule I, then Owner shall take all necessary steps, as soon as may be convenient to Charterer, to remedy the
incorrectness or inaccuracy to the satisfaction of an approved measurer, the cost of recalibration of cargo tanks and the cost of necessary repairs to custody transfer equipment shall be an operating cost forming part of the Variable Element under
Schedule III. 
 If the validity of the tank tables is reasonably questioned, Charterer may require recalibration of the LNG tank or tanks which shall be
carried out during routine dry-docking or during a repair period of sufficient duration or sooner if Charterer so requests and Owner consents, such consent not to be unreasonably withheld, conditioned or delayed. If the tank tables are found to be
incorrect by more or less than ***** of one percent (*****%), then the time and cost of such recalibration shall be for Owner’s account, but if not, the time lost and any costs shall be borne by Charterer. 

  
 72 

Execution version re Hull 1689 

	56.	Drug and Alcohol Clause 

 Owner warrants that they have a policy on drug and alcohol abuse applicable to
the Vessel which meets or exceeds the standards in the Oil Companies International Marine Forum Guidelines for the Control of Drugs and Alcohol Onboard Ship (the “Policy”). Under the Policy, alcohol impairment shall be defined as a blood
alcohol content of 40mg/100ml or greater, the appropriate seafarers to be tested shall be the Vessel’s officers and the drug/alcohol testing and screening shall include unannounced testing in addition to periodic testing. An objective of the
Policy should be that the frequency of the unannounced testing be adequate to act as an effective abuse deterrent, and that all officers be tested at least once a year through a combined program of unannounced testing and routine medical
examinations. 
 Owner further warrants that the Policy will remain in effect during the term of this Charter and that Owner shall exercise due diligence to
ensure that the Policy is complied with. It is understood that an actual impairment or any test finding of impairment shall not in and of itself mean Owner has failed to exercise due diligence. 

 

	57.	Pollution and Emergency Response 

 Owner shall advise Charterer of organizational details and names of
Owner’s personnel together with their relevant email addresses and telephone/facsimile numbers, including the names and contact details of qualified individuals who may be contacted on a 24-hour basis in the event of bunker spills or other
emergencies as required by the U.S. Oil Pollution Act 1990. 
  

	58.	ISPS Code; Maritime Transportation Security Act 

 This Clause 58 makes reference to the International
Ship and Port Facility Security Code and the relevant amendments to Chapter XI of SOLAS (the “ISPS Code”) and the US Maritime Transportation Security Act 2002 (the “MTSA”). 

 

							
		 	(a)	 	(i)	  	At all times during the Term of this Charter, Owner shall procure that the Vessel, “the Company” (as defined by the ISPS Code) and the “owner” (as defined in the MTSA) (together with Owner, the “Responsible
Parties”) shall comply with the requirements of the ISPS Code and the MTSA relating to the Responsible Parties. Upon request, Owner shall provide documentary evidence of compliance with this Clause 58(a)(i).
				
		 		 	(ii)	  	an Except as otherwise provided in this Charter, loss, damage, expense or delay caused by failure on the part of the Responsible Parties to comply with the requirements of the ISPS Code, the MTSA or this Clause 58 shall be for
Owner’s account.
				
		 	(b)	 	(i)	  	Charterer shall provide Owner and the Vessel’s master with its full style contact details and shall ensure that the contact details of all sub-charterers, if any, are likewise provided to Owner and the Vessel’s master.
Furthermore, Charterer shall ensure that any sub-charter it enters into during the Term of this Charter contains the following provision:
				
		 		 		  	“Charterer shall provide Owner with its full style contact details and, where sub-letting is permitted under the terms hereof, shall ensure that the contact details of all sub-charterers are likewise provided to
Owner.”
				
		 		 	(ii)	  	Except as otherwise provided in this Charter, loss, damage, expense or delay caused by failure on the part of Charterer to comply with this Clause 58(b) shall be for Charterer’s account.

  
 73 

Execution version re Hull 1689 

	 	(c)	Notwithstanding anything else contained in this Charter, costs or expenses related to security regulations or measures required by the port facility or any relevant authority in accordance with the ISPS Code and/or the
MTSA including, but not limited to, security guards, launch services, tug escorts, port security fees or taxes and inspections, shall be for Charterer’s account, unless such costs or expenses result solely from Owner’s negligent act or
omission, in which case such costs or expenses shall be for Owner’s account. All measures required by Owner to comply with the security plan required by the ISPS Code and the MTSA shall be for Owner’s account. 

 

	 	(d)	Notwithstanding any other provision of this Charter, the Vessel shall not be off-hire where there is a loss of time caused by Charterers’ failure to comply with the ISPS Code or the MTSA. 

 

	 	(e)	If either party makes any payment which is for the other party’s account according to this Clause 58, the other party shall indemnify the paying party. 

 

	59.	Temperature of Tanks on Arrival at Loading Port 

 In the event that the arrival temperature of the cargo
tanks is higher than specified in Schedule I for any reason other than one causing the Vessel to be off-hire pursuant to Clause 24, the extra time and LNG required to cool the cargo tanks shall be for Charterer’s account. 

 

	60.	Notices 

  

	 	(a)	Whenever written notices are required to be given by either party to the other party, such notices shall be sent by registered mail, courier, telex or telefax or delivered by hand to the following addresses:

 Notice to Charterer: 

SUEZ LNG TRADING SA 
 76 avenue
de la Liberté 
 L-1930 Luxembourg, 

Grand Duché de Luxembourg 

Fax: +352 264 843 13 
 Attn:
Managing Director 

  
 74 

Execution version re Hull 1689 

 With a copy to: 

Suez Global LNG Ltd. 
 101
Wigmore Street, 3rd Floor 
 London WIU 1QU (United Kingdom) 

Fax: +44 207 915 3911 
 Attn:
Senior VP - Shipping and Operations 
 Email-: operations@suezlng.com 

Notice to Owner: 
 SRV JOINT GAS
LIMITED 
 c/o Höegh LNG AS 

Drammensveien 134 
 P.O. Box 4
Skoyen 
 0212 Oslo, Norway 

Fax: +47 21039013 
 Attn:
Executive Vice-President 
 Email: hlng@höegh.com 

With a copy to: 
 Mitsui O.S.K.
Lines, Ltd. 
 1-1, Toranomon 2-Chome, Minato-ku 

Tokyo 105-8688, Japan 
 Fax :
+81-3-3587-7737 
 Attn: General Manager, LNG Carrier Division 

Email: lgemo@mail.mol.co.jp 
 or
to such other addresses as the parties may respectively from time to time designate by notice in writing. Any failure to transmit a copy of the notice to a party listed as entitled to receive a copy shall not in any way affect the validity of any
notice otherwise properly given as provided in this Clause 60. 
  

	 	(b)	Any notice required under this Charter to be given in writing shall be deemed to be duly received only: 

  

	 	(i)	in the case of a telex, at the time of transmission recorded on the message if such time is within normal business hours between 9:00 a.m. and 5:00 p.m. on a working day at the place of receipt, otherwise at the
commencement of normal business hours on the next working day at the place of receipt, subject in both cases to an acknowledgment being received by automatic telex answer back response. 

 

	 	(ii)	In the case of a letter, whether delivered in course of the post or by hand or by courier, at the date and time of its actual delivery if within normal business hours between 9:00 a.m. and 5:00 p.m. on a working day at
the place of receipt, otherwise at the commencement of normal business on the next working day. 

  
 75 

Execution version re Hull 1689 

	 	(iii)	In the case of a telefax, at the time of transmission recorded on the message if such time is within normal business hours between 9:00 a.m. and 5:00 p.m. on a working day at the place of receipt, otherwise at the
commencement of normal business hours on the next working day at the place of receipt, subject in both cases to an acknowledgment being received by telefax. 

  

	61.	Non-Waiver 

 No act, omission, course of dealing, forbearance, indulgence, approval or delay by Owner or
Charterer in exercising their rights hereunder (whether pursuant to any default of the other party or otherwise), or in enforcing any of the terms or conditions of this Charter, nor any granting of time, shall prejudice or affect or be in derogation
of the, rights and remedies of such party hereunder and no such matter shall be treated as evidence, or constitute a waiver, of any rights of Owner or Charterer as the case may be. 

 

	62.	Prior Agreements 

 From the date of effectiveness, this Charter together with the Charter for Vessel Hull
Number 1688 and the agreement regarding the option for a third vessel executed by the Parties contemporaneously with this Charter comprises the full and complete agreement of the parties with respect to the shipping arrangements between the parties
(and Neptune LNG LLC) and supersedes all prior communications, understandings and agreements between the parties (and Neptune LNG LLC), whether written or oral, expressed or implied, with regard to said subject matter. 

 

	63.	Consequential Damages 

 Notwithstanding any other provisions of this Charter, neither Charterer nor Owner
shall be liable, one against the other, for any consequential, punitive or special damages arising out of, or in any way connected to, the performance of this Charter, including without limitation loss of profit, earnings, use or production and in
respect of compensation for any liabilities or damages incurred by either Charterer or Owner to third parties; provided, however, that for the purposes of this Clause 63, consequential damages shall not include any provisions in this Charter which
provide for payments of money. 
  

	64.	Commissions 

 Charterer represents and warrants that there are no commissions or brokers’ fees
payable by Charterer in connection with this Charter. Owner represents and warrants that there are no commissions or brokers’ fees payable by Owner in connection with this Charter. 

  
 76 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	65.	Owner’s Default 

 In the event that any of the following shall occur: 

 

	 	(a)	Owner suspends payment of its debts or is unable to pay its debts; 

  

	 	(b)	Owner passes a resolution, commences proceedings or has proceedings commenced against them (which are not stayed within ***** days of service thereof on Owner) in the nature of bankruptcy, composition, arrangement,
reorganization, a general assignment for the benefit of their creditors or other scheme resulting from insolvency or for its liquidation or for the appointment of a receiver, trustee in bankruptcy or liquidator; 

 

	 	(c)	Owner’s Guarantee to be in full force and effect (unless, within ***** days thereafter, a replacement guarantee equal in value to Owner’s Guarantee and given by a person or entity acceptable to Charterer is
substituted for Owner’s Guarantee no longer in effect); or 

  

	 	(d)	Guarantor takes or suffers to be taken against it any of the actions set forth in (a) or (b) above; 

then, unless any of the above are caused by a failure of Charterer to pay hire when due, Charterer may, at its absolute discretion, terminate this
Charter, whereupon Owner shall immediately reimburse Charterer for any hire paid and not earned and any other sums to which Charterer is entitled under this Charter and, without prejudice to any other right or claim Charterer may have against Owner,
Charterer may, at its option, which shall be exercised upon notice to Owner given not less than ***** days prior to the date Charterer desires the bareboat charter to become effective, convert the Charter into a bareboat charter and operate the
Vessel instead at its sole risk and for its own account. If Charterer exercises its option to bareboat charter the Vessel, then the bareboat charter shall be based on the BARECON 2001 form of charterparty under terms substantially similar,
mutatis mutandis, to those in this Charter and for a term commencing as of the date and time the Vessel is delivered to Charterer or its designee under the bareboat charter and continuing for a period equal to the then unexpired portion of
the Term, and Charterer may appoint a manager of its own choice (subject to such manager having personnel experienced in the operation of LNG carriers). Charterer shall be required to pay hire under such bareboat charter at a daily rate equal to the
Fixed Element. 
  

	66.	Specific Performance 

 Owner acknowledges and agrees that the Vessel, given its operation as an SRV,
constitutes a unique property, that damages for Owner’s breach of contract would be difficult or impossible to ascertain, that Charterer has no clear and adequate remedy at law and that as a remedy for Owner’s breach Charterer has, to the
extent permitted by law or equity, the right (exercisable in its sole discretion) to demand and obtain specific performance of this Charter. As part of pursuing such remedy of specific performance Charterer may pursue such other remedies as
Charterer may have under the terms of this Charter or in equity. The foregoing is subject to the following: 
  

	 	(a)	nothing in this Clause 66 shall reduce the burden of proof necessary for Charterer to establish a breach of this Charter by Owner; 

  
 77 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(b)	any order for specific performance shall, to the extent permitted by law or equity, be subject to and give effect to the Consent & Agreement; and 

 

	 	(c)	for the avoidance of doubt, no damages shall be granted in respect of breaches of this Charter for which specific performance has been granted. 

 

	67.	Charterer’s Default 

 In the event that either of the following shall occur: 

 

	 	(a)	Charterer suspends payment of its debts or is unable to pay its debts; or 

  

	 	(b)	Charterer passes a resolution, commences proceedings or has proceedings commenced against it (which are not stayed within ***** days of service thereof on Charterer) in the nature of bankruptcy, composition,
arrangement, reorganization, a general assignment for the benefit of its creditors or other scheme resulting from insolvency or for its liquidation or for the appointment of a receiver, trustee in bankruptcy liquidator; 

then, unless any of the above are caused by a failure of Owner to perform fully its obligations under this Charter, Owner may, at its absolute
discretion, terminate this Charter without prejudice to any other rights Owner may have under this Charter or otherwise. 
  

	68.	Liability & Indemnity 

  

	 	(a)	Owner shall be under no liability whatsoever to Charterer, Charterer’s Representatives or their estates (“Charterer’s Group”) for their death or personal injury during the time when they are engaged
in the activities contemplated under this Charter unless death or personal injury is caused, in whole or in part, by the gross negligence or willful misconduct of Owner, its employees or its agents (“Owner’s Group”). Owner shall,
likewise, be under no liability to any member of Charterer’s Group in respect of damage to, or loss or destruction of, their personal property unless such damage to, or loss or destruction of, personal property is caused by the gross negligence
or willful misconduct of any member of Owner’s Group. 

  

	 	(b)	Charterer shall be under no liability whatsoever to any member of Owner’s Group for their death or personal injury during the time when they are engaged in the activities contemplated under this Charter unless
death or personal injury is caused, in whole or in part, by the gross negligence or willful misconduct of a member of Charterer’s Group. Charterer shall, likewise, be under no liability to any member of Owner’s Group in respect of damage
to, or loss or destruction of, their personal property unless such damage to, or loss or destruction of, personal property is caused by the gross negligence or willful misconduct of any member of Charterer’s Group. 

  
 78 

Execution version re Hull 1689 

	 	(c)	Charterer shall indemnify and hold harmless any member of Owner’s Group in respect of the claims and liabilities set forth in Clause 68(a) except in respect of such claims and liabilities arising from death or
personal injury, or in respect of damage to, or loss or destruction of the personal property of, any member of Charterer’s Group caused, in whole or in part, by the gross negligence or willful misconduct of such member of Owner’s Group and
Owner shall indemnify and hold harmless any member of Charterer’s Group in respect of the claims and liabilities set forth in Clause 68(b) except in respect of such claims and liabilities arising from death or personal injury, or in respect of
damage to, or loss or destruction of the personal of, any member of Owner’s Group caused, in whole or in part, by the gross negligence or willful misconduct of such member of Charterer’s Group. 

 

	69.	Corporate Guarantees 

 Simultaneously with the execution of this Charter Höegh LNG Ltd. and Mitsui
O.S.K. Lines, Ltd. (the “Owner’s Guarantors”) have guaranteed the performance by Owner of Owner’s obligations under this Charter by a guarantee in the form set out in Schedule XI (the “Owner’s Guarantee”); provided
that any payment liability of the Owner’s Guarantors under the Owner’s Guarantee shall be several and proportionate to their respective beneficial ownership share of Owner, but the guarantee of performance shall be joint and several. 

 

	70.	Confidentiality 

 The parties agree to keep the terms and conditions of this Charter (the
“Confidential Information”) strictly confidential; provided, however, that a party may disclose Confidential Information in the following cases: 
  

	 	(a)	It is already known to the public or becomes available to the public other than through the act or omission of the disclosing party; 

 

	 	(b)	It is required to be disclosed under applicable law or by a governmental order, decree, regulation or rule (provided that the disclosing party shall give written notice of such required disclosure to the other party
prior to the disclosure); 

  

	 	(c)	In filings with a court or arbitral body in proceedings in which the Confidential Information is relevant and in discovery arising out of such proceedings; or 

 

	 	(d)	To any of the following persons on a need to know basis: 

  

	 	(i)	a buyer or seller or a potential buyer or seller of LNG shipped or to be shipped on the Vessel; 

  

	 	(ii)	an Affiliated Company; 

  

	 	(iii)	employees, officers, directors and agents of the disclosing party or an Affiliated Company; 

  
 79 

Execution version re Hull 1689 

	 	(iv)	professional consultants retained by a disclosing party; or 

  

	 	(v)	financial institutions advising on, providing or considering the provision of financing to the disclosing party or an Affiliated Company; 

provided, however, that the disclosing party shall exercise due diligence to ensure that no such person shall disclose Confidential Information
to any unauthorized person or under any unauthorized circumstances. As used in this Clause 70, “Affiliated Company” means (A) a manager of the Vessel under Clause 3(c), (B) any person who directly or indirectly controls, is under
common control with or is controlled by a party to this Charter, and (C) any person who is a shareholder (directly or indirectly) of a party to this Charter. For purposes of this Clause 70, “control” means the right to exercise more
than fifty percent (50%) of the voting rights of the applicable person. 
  

	71.	Intellectual Property 

 Notwithstanding any provisions of Clause 71 below, the rights outlined by the
parties shall in no manner affect the intellectual property rights that any third parties may have to the SRV or Regasification Technology. 
  

	 	(a)	Each party to this Charter (including any of such party’s Affiliated Companies) shall retain its ownership rights in all intellectual property that it may have shared with the other party as of the date of any
termination of this Charter. For the avoidance of doubt: 

  

	 	(i)	each party shall own its intellectual property independently developed hereunder, and 

  

	 	(ii)	neither party shall act solely to obtain a patent for or purport to license any idea, design, drawing, or concept that addresses, relates to or incorporates any intellectual property received from the other party.

  

	 	(b)	Notwithstanding any provision of Clause 71(a) above, and for the avoidance of doubt, the parties agree that each party (including any such party’s Affiliated Companies) shall independently have the right to use,
employ, apply, incorporate and otherwise utilize the Regasification Technology for any use whatsoever, including, but not limited to, any other project involving regasification of LNG at any location throughout the world; provided, that neither
party shall act solely to obtain a patent for or purport to license the Regasification Technology. 

  

	 	(c)	Owner hereby grants to Charterer a world-wide, royalty-free license to use the SRV Technology as related to and implemented on the Vessel during the Term of this Charter. 

 

	 	(d)	 Owner shall defend and indemnify Charterer against any and all claims (including any costs and expenses of investigation or litigation, and further
including any attorneys’ fees) by any third party who alleges that the construction or operation of the Vessel infringes any right claimed by the third party, including but not

  
 80 

Execution version re Hull 1689 

	 	
limited to patent rights, copyrights, trade secrets, industrial property, or trademarks. For purposes of Clause 24(a)(v), any third-party claim alleging an infringement of any right regarding the
SRV Technology shall not be deemed the responsibility of, or the result of any action or inaction of, Charterer. 

  

	 	(e)	Notwithstanding anything to the contrary in this Clause 71 the provisions of this Clause 71 do not directly or indirectly limit or restrict the Charterer’s right to enter into arrangements with third parties for
the charter, construction, use, purchase or employment of vessels of the same, or similar type as the SRV or any other on-board regasification vessel. In the event Charterer enters into any such arrangements with any third party, Owner shall not
initiate claims or legal actions against Charterer or third parties which shall have the effect to restrict directly or indirectly Charterer’s aforesaid rights. However, Charterer acknowledges the obligations of Owner under Article XVII,
paragraph 2 of the Building Contract and Charterer agrees not to take any action, or require Owner to take any action, which would put Owner in breach of its said obligations. Charterer shall indemnify and hold harmless Owner for all amounts
property payable to the Builder, costs and expenses arising from any breach by Charterer of its obligations under the previous sentence. 

  

	72.	Buoy System; Port Liability 

 Owner acknowledges that Charterer, as owner of the Buoy System, may from
time to time permit other regasification vessels other than vessels in the SRV Fleet to call at the Buoy System. As such, the Buoy System will be operated much like a shore-based regasification terminal with the possibility of third-party vessels
calling thereat. In order to ensure an appropriate allocation of liability in the event of a casualty involving Owner, Charterer and/or a third-party vessel occurring at the Buoy System, Owner and Charterer shall execute a port liability agreement,
the terms of which shall reasonably comport with those of other port liability agreements in use at major LNG import and export facilities and those acceptable to internationally recognized protection and indemnity associations. The incremental
insurance cost, if any, incurred as a result of entering any such port liability agreement shall be borne in accordance with Clause 2(c) of Schedule IV. Charterer shall cause all third-party vessels calling at the Buoy System to execute such port
liability agreement. 
  

	73.	Position Reporting System 

 Owner shall permit Charterer to access and utilize the “Purple
Finder” position reporting system, provided that the system and its operation shall not adversely impact the safe operation of the Vessel. 
  

	74.	Safety Management 

  

	 	(a)	Owner shall operate: 

  

	 	(i)	a safety management system certified to comply with the International Safety Management Code (“ISM Code”) for the Safe Operation of Ships and for Pollution Prevention; 

  
 81 

Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(ii)	a documented safe working procedures system (including procedures for the identification and mitigation of risks); 

  

	 	(iii)	a documented environmental management system; and 

  

	 	(iv)	a documented accident/incident reporting system compliant with flag slate requirements. 

  

	 	(b)	Owner shall submit to Charterer a monthly written report detailing all accidents/incidents (including casualties suffered by her crew and any other personnel on board) and environmental reporting requirements, and in
regard to maintenance of and repairs to the Vessel. 

  

	 	(c)	Owner shall maintain Health Safety Environmental (“HSE”) records sufficient to demonstrate compliance with the requirements of Owner’s HSE system and of this Charter and Charterer reserves the right to
confirm compliance with HSE requirements by audit of Owner. 

  

	 	(d)	Owner shall arrange, at its expense, for a SIRE inspection to be carried out as required by the Vessel’s trade. 

  

	75.	Models 

 Owner shall promptly provide to Charterer two (2) models of the Vessel. 

 

	76.	Conditions Precedent 

 The execution and delivery of this Charter notwithstanding, it shall be a
condition precedent to the effectiveness of this Charter that Owner has received from Charterer, not later than 28 March 2007, a written notice in the form of Schedule XI indicating that Charterer has received all corporate approvals necessary
to make this Charter effective. 
  

	77.	Confirmation of Execution and Delivery 

 Not later than ***** days following the execution and delivery
of this Charter by Owner and Charterer, Owner shall send to Builder (with a copy to Charterer) a written notice confirming same. 

  
 82 

Execution version re Hull 1689 

 IN WITNESS WHEREOF the parties have executed this Charter in triplicate as of the date above first written. 

 

							
	For and on behalf of Charterer:	 		 	Witness
			
	 /s/ IGNACE BRAECKMAN
	 		 	 /s/ H. BENKATBACH

	Name:	 	Ignace Braeckman	 		 	H. Benkatbach
	Title:	 	Director	 		 	
			
	For and on behalf of Charterer:	 		 	Witness
			
	 /s/ JAN BRACKENIER
	 		 	 /s/ H. BENKATBACH

	Name:	 	Brackenier Jan	 		 	H. Benkatbach
	Title:	 	Director	 		 	
			
	For and on behalf of Owner:	 		 	Witness
			
	 /s/ SVEINUNG STØHLE
	 		 	 /s/ Ø. BRUNO LARSEN

	Name:	 	Sveinung Støhle	 		 	Ø. Bruno Larsen
	Title:	 	Director	 		 	
			
	For and on behalf of Owner:	 		 	Witness
			
	 /s/ TAKESHI HASHIMITO
	 		 	 /s/ KENSUKE TANAKA

	Name:	 	Takeshi Hashimito	 		 	Kensuke Tanaka
	Title:	 	Director	 		 	

  
 83 

Execution version re Hull 1689 

 SCHEDULE I 

TO SRV LNG TIME CHARTER PARTY 

DATED      MARCH 2007 

MAIN PARTICULARS OF VESSEL / GAS FORM C 

The below Information shall be verified throughout the construction phase of the Vessel. 

 

	1.1	PREAMBLE 

  

			
	Ship’s name	  	[TBN]
		
	Owner	  	SRV Joint Gas Limited
		
	Flag – Registry	  	NIS
		
	Builder	  	Samsung Heavy Industries Co., Ltd., Korea
		
	Delivery	  	30 April 2010
		
	Class	  	X1A1 Tanker for Liquefied gas, ship type 2G (Membrane tank, Maximum pressure 25 kPaG, Minimum temperature -163°C), NAUTICUS (Newbuilding), PLUS-2, CSA-2, CLEAN, E0, F-AMC, ICS,
TMON, DYNPOS-AUT, STL, BIS, NAUT-AW

  

			
	 GRT/NRT

	International	  	97,100
	Suez	  	[    TBN    ]

  

			
	 Is vessel approved?

	USCG	  	[    TBN    ]
	IMO	  	[    TBN    ]

  

	1.2	HULL 

  

					
	 	 	 Meters
	 	 Feet

	 LOA
	 	280.00	 	918.64
	 LBP
	 	270.00	 	885.83
	 Breadth
	 	43.40	 	142.39
	 Depth
	 	26.00	 	85.30

  
 Schedule I – Page 1

 Execution version re Hull 1689 

					
	 Keel to highest
	 	55.3	 	181.4
			
	 Air draught (folded mast)
	 	40.4	 	132.5
			
	 Assumed ballast draught
	 	9.6	 	31.5

  

							
	Summer Load Line	 	12.4 m	 	Corresponding deadweight	 	80,600 mt
	TPC at design draft 11.4 m	 	100.3 mt/cm

  

					
	 Mean draft with full bunkers and full cargo

	 Specific Gravity
	 	 Mean Draft
	 	 Corresponding DW

	 0.47 mt/m^3
	 	11.64 m	 	73,143 mt

  

			
	 Communication equipment

		
	 International call sign
	  	[    TBN    ]
		
	 Radio station
	  	[    TBN    ]
		
	 Satcom B
	  	[    TBN    ]
		
	 - Telephone/telex
	  	[    TBN    ]
		
	 - Telefax
	  	[    TBN    ]
		
	 Satcom C Telex
	  	[    TBN    ]

  

	1.3	MACHINERY 

  

			
	 Main Engine

	Type	 	 Wartsila: 12L50DF x 3 units
  

Wartsila: 6L50DF x 1 unit

		
	Max Cont.	 	3 x 11,400 kW + 5,700 kW
		
	Grade fuel used	 	 Marine diesel oil (ISO 8217:1996, DMB),

 
 Boil-off gas

 
 Heavy Fuel Oil [TBN]

  
 Schedule I – Page 2

 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

			
	 Other machinery

	 Propeller
	  	1 Fixed Pitch,
		
	 Bow Thrusters
	  	 2,000 kW x 2 units
  

6.6 kV, Controllable Pitch, 4-bladed, Ni-AI-Bronze

		
	 Stern Thrusters
	  	 1,200 kW x 2 units
  

6.6 kV, Controllable Pitch, 4-bladed, Ni-AI-Bronze

  

			
	 Speed/Consumption (propulsion power only)

	 Guaranteed speed (Round trip, Beaufort Force 5)
	  	19.5 knots
	 Average consumption on guaranteed speed
	  	***** tons MDO/day (main engine)
		  	***** tons HFO/day (main engine)

  

					
	 Fuel consumption (for information only)

	 Loading:
	  	*****tons/day
	 Discharging (conventional):
	  	*****tons/day
	 Anchorage (MDO mode):
	  	*****tons/day

  

															
	 Fuel consumption during regasified LNG discharge (for information
only)

	 Regenerate (mmscuf/hr)
	  	120	  	250	  	450	  	500	  	600	  	712.5	  	750
	 Regus rate (mt/hr)
	  	101	  	210	  	378	  	420	  	504	  	599	  	630
	 Fuel consumption, NG (mt/day)
	  	*****	  	*****	  	*****	  	*****	  	*****	  	*****	  	*****
	 Fuel consumption, MDO (mt/day)
	  	*****	  	*****	  	*****	  	*****	  	*****	  	*****	  	*****

 Note: 
 Gas consumption at DF
engine(s) and 2 regas boilers based on Low Calorific Value (LCV) of 49,900 KJ/kg 
 Diesel oil consumption as pilot fuel at DF engine(s) based on Low
Calorific Value (LCV) of 42,700 KJ/kg 

  
 Schedule I – Page 3

 Execution version re Hull 1689 

													
	 Permanent bunkers capacity
	 
	 HFO
	  	 	4,360 m^3	  	  	                 	  	MDO/MGO	  	 	1,480 m^3	  
		  				  		  		  	  
	  
	 
		  				  		  	TOTAL	  	 	5,840 m^3	  
		  				  		  		  	  
	  
	 

  

	1.4	CARGO INSTALLATION 

  

																													
	 Transportable products and respective quantities*)
	 
	 Tank
No.
	 	20°C
100%
M3	 	 	-163°C
98.5%
M3	 	 	-163°C
98.5%
MT
S.G. 0.47	 	 	-163°C
70%L
M3	 	 	-163°C
70%H
M3	 	 	-163°C
10%L
M3	 	 	-163°C
10%H
M3	 
	1	 	 	19,386	  	 	 	19,095	  	 	 	8,975	  	 	 	12,196	  	 	 	13,195	  	 	 	1,398	  	 	 	1,494	  
	2	 	 	41,873	  	 	 	41,245	  	 	 	19,385	  	 	 	41,873	  	 	 	31,203	  	 	 	6,541	  	 	 	3,955	  
	3	 	 	41,873	  	 	 	41,245	  	 	 	19,385	  	 	 	41,873	  	 	 	31,203	  	 	 	6,541	  	 	 	3,955	  
	4	 	 	41,873	  	 	 	41,245	  	 	 	19,385	  	 	 	41,873	  	 	 	31,203	  	 	 	6,541	  	 	 	3,955	  
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	Total	 	 	145,004	  	 	 	142,829	  	 	 	67,130	  	 	 	137,814	  	 	 	106,804	  	 	 	21,022	  	 	 	13,359	  
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 

  

	*)	Approx. Figures per 5 April 2006 based on a cargo specific gravity of 470 kg/m^3 

 The cargo tank
system is GTT Mark III, reinforced to all cargo tank area except tank bottom in accordance with GTT document N500 CR009. 
  

	
	Scantlings of the cargo tanks are based on a maximum density of cargo of 500 kg/m3.

  

			
	 Tank working pressure

	 Maximum pressure
	 	25 kPa gauge
	 Minimum pressure
	 	1 kPa guage
	 Minimum temperature acceptable in tanks
	 	-163°C

  
 Schedule I – Page 4

 Execution version re Hull 1689 

			
	 Acceptable cargo filling levels

	Lower criteria	 	Below 10% of cargo tank length
	Upper criteria	 	Above 70% of cargo tank height

  

			
	Loading & discharging time for LNG	  	12 hours, excluding time for connecting, disconnecting, cooling down, topping up and custody transfer measurement

  

															
	 Discharging time for regasified LNG

	 Regas rate (mmscuf/hr)
	  	120	  	250	  	450	  	500	  	600	  	712.5	  	750
	 Regas rate (mt/hr)
	  	101	  	210	  	378	  	420	  	504	  	599	  	630
	 Regas duration (days)
	  	26.0	  	12.5	  	7.0	  	6.3	  	5.2	  	4.4	  	4.2

  

	1.5	CARGO MACHINERY 

  

			
	Cargo pumps	  	1,700 m^3/h @155 mlc x 8 units
		
	Cargo pump location	  	2 in each cargo tank
		
	Max permissible specific gravity	  	500 kg/m
		
	Time for discharging full cargo using all cargo pumps against no backpressure	  	12 hours, excluding time for connecting, disconnecting, cooling down, topping up and custody transfer measurement
		
	Unpumpable cargo volume	  	1,450 m^3
		
	Heel LNG for cooling down	  	500 m^3
		
	Fuel LNG for ballast voyage	  	3,300 m^3
		
	Cargo remaining onboard in cargo tanks after completion pumping	  	5,250 m^3

  
 Schedule I – Page 5

 Execution version re Hull 1689 

			
		
	 Spray pumps
	  	50m^3/h@145 mlc x 4 units
		
	 Emergency cargo pump/LNG Feed Pump
	  	 650m^3/h@145 mlc x 3 units

Located in tank No. 2, 3 and 4

  

			
	 High duty compressor
	  	32,000m^3/h x 2 units
	 Low duty cargo compressor
	  	3,000m^3/h x 2 units
	 Nitrogen plant
	  	120 Nm^3 x 2 units
	 Insert gas plant
	  	14,000 Nm^3/h x 1 unit

  

			
	 Composition of inert gas

		
	 Carbon dioxide, CO2
	  	Max 14% by volume
	 Oxygen max., O2
	  	1.0% by volume
	 Carbon monoxide max. ; CO
	  	100 ppm
	 HC
	  	0%
	 Soot
	  	Bacharach 0
	 Sulphur oxides max., Sox
	  	10 ppm
	 Nitrogen oxides max. ; NOx
	  	100 ppm
	 Remainder
	  	N2, H2, Air
	 Dewpoint
	  	-45°C at atm.
	 Grade fuel used
	  	DMA: ISO 8217
	 Discharge pressure
	  	Max. 25 kPaG

  

			
	 State if any shore supply of liquid nitrogen may be required     NO

	 May be required for purging of tanks and insulation spaces

	 What quantity?
	  	0

  

			
	 Gas freeing

	Can this operation be carried out to at sea?	  	Yes

  
 Schedule I – Page 6

 Execution version re Hull 1689 

			
	 Heaters

	 Cargo Vapor Heater (warm-up)
	  	25,000 m^3/h x 2 units (-120°C to 0°C)
	 Cargo Vapor Heater (boil-off)
	  	5,800 m^3/h x 2 units (-70°C to 45°C)

  

			
	 Guaranteed boil-off rates

	 Laden condition
	  	0.15% / 24h
	 Ballast condition
	  	0.10% / 24h

  

			
	 Fuel Gas Vaporizers

	 LNG vaporizer
	  	23,100 kg/h x 1 unit
	 Forcing vaporizer
	  	5,200 kg/h x 1 unit

  

	1.6	MEASURING APPARATUS 

  

					
	 	  	 Type and location
	  	 Number

	 Primary level gauge system
  

Secondary level gauge system
	  	 Radar sensor, top of each tank
  

Radar sensor
	  	 4 
 4

			
	Cargo temperature	  	 Temperature Sensor;
  

Vapor space at liquid dome +
  

Liquid space (0,50,95%) on tank bottom and pump column
	  	 40 
 2 x 5 in each
tank

			
	Absolute pressure transmitter	  	Vapor dome of each tank	  	4

  
 Schedule I – Page 7

 Execution version re Hull 1689 

	1.7	CARGO LINES 

 [Note: Manifold layout sketch to be inserted, when complete] 

 

			
	 Is vessel fitted with midship manifolds
	  	Yes, 2
	 Distance from cargo manifold to stem (FP)
	  	132 m
	 Distance from manifold to stern (AP)
	  	138 m
	 Height cargo manifold above deck
	  	4.8 m
	 Height manifold above working platform
	  	1.4 m
	 Height cargo manifold above waterline when light
	  	21.2 m
	 Height cargo manifold above waterline when loaded
	  	19.4 m
	 Distance manifold from ship’s rail
	  	3.15 m
	 Distance between loading and vapor return connections
	  	3.0 m
	 Is vessel fitted with stern discharge
	  	No
	 Is vessel fitted with fore discharge
	  	No

  

					
	 Dimension of lines

	 	  	 Diameter
	  	 Flange size

	 Liquid
	  	600 mm	  	16”
	 Vapour Line
	  	600 mm	  	16”

  

					
	 What reducers onboard

	 Number
	  	 Diameter
	  	 Pressure rating

	 8
	  	16”/12”	  	10kg/cm^2

  
 Schedule I – Page 8

 Execution version re Hull 1689 

	1.8	LNG REGASIFICATION SYSTEM 

  

			
	 Liquid inlet conditions
	  	
		
	 Pressure
	  	5 bara
		
	 Temperature
	  	-160°C (256°F)
		
	 Liquid volume flow
	  	479.8 m^3/h x 3 units
		
	 Composition (mass %)
	  	 Typical Trinidad composition as given in

Appendix I to Schedule 1, para 11(c)

		
	 Gas outlet condition:
	  	
		
	 Volume
	  	250 mmscuf/day x 3 units
		
	 Pressure
	  	105 bar
		
	 Temperature
	  	10°C
	 Capacity
	  	210,000 kg/hr x 3 units
		
	 LNG booster pump number
	  	6 units
	 LNG booster pump discharge pressure
	  	120 bar
	 LNG booster pump suction pressure
	  	5 bar
	 LNG booster pump temperature
	  	-160°C
		
	 Steam pressure from boilers (saturated)
	  	28kg/cm^2
		
	 LNG/brine Shell & Tube Heat exchanger
	  	3 units
	 Steam/brine PCHE
	  	3 units
	 Brine circulation pump
	  	680 m^3/h x 6 units

  
 Schedule I – Page 9

 Execution version re Hull 1689 

	1.9	GAS METERING SYSTEM 

  

			
	 Ultrasonic Gas Metering System
	  	 Ultrasonic gas flow meters x 2 units
  

Pressure transmitters x 2 units
  

Temperature transmitters x 2 units

		
	 Gas Analyzer System
	  	 Sample probe x 1 unit
  

Gas chromatographs x 2 units
  

Pressure reduction cabinet x 1 unit
  

Analyzer cabinet x 1 unit:

		
	 Metering Control System
	  	 Metering cabinet x 1 unit
  

Flow computers x 2 units

  
 Schedule I – Page 10

 Execution version re Hull 1689 

	1.10	BALLAST SYSTEM 

  

			
	 Pumps
	  	Particular
	 No.
	  	Three (3)
	 Type
	  	Vertical single stage, centrifugal
	 Prime mover
	  	Electric motor
	 Discharge rate
	  	2,500 m3/h
	 Total head
	  	30 mwc (S.G.: 1.025)

  

	1.11	ODORANT INJECTION SYSTEM 

 [TBN] 

 

	1.12	LIFTING DEVICE 

  

							
	 Location
	  	 Aft
	  	 Amidships
	  	 Fwd

				
		  	STB and Port	  	 Manifold area

Stb and Port
	  	Regas and STL area
				
	 Number and lifting capacity
	  	 1 x 15 mt SWL

(STB)
  

1 x 5 mt SWL
 (Port)
	  	2 x 12 mt SWL	  	1 x 25 mt SWL
				
	 Max. distance from ship’s side of lifting hook
	  	5 m	  	5 m	  	5 m

  
 Schedule I – Page 11

 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 APPENDIX I TO 

SCHEDULE I 
 TO 

DATE 
 VESSEL
PERFORMANCE STANDARDS 
 Diesel Electric 
  

	1.	At Delivery the Vessel shall be compatible with the following LNG import and export terminals capable of accepting LNG carriers having a capacity greater than one hundred twenty thousand cubic meters (120,000m3) 

  

	 	(a)	Loading Terminals 

  

	 	(i)	Terminals under class 1 

 ***** 

 

	 	(ii)	Terminals under class 2 

 ***** 

 

	 	(b)	Unloading Terminals: 

  

	 	(i)	Terminals under class 1 

 ***** 

 

	 	(ii)	Terminals under class 2 

 ***** 

The terminal data for the terminals under class 2 shall be acquired with Charterer’s assistance. Unless the data are available before the date of the
Charter, any modification to meet ship-shore compatibilities with those terminals shall be at Charterer’s expense in accordance with Clause 5(a) of the Charter. 

Note: If the terminals listed above have any restrictions on draught, deadweight, displacement, leading arm working range, etc., Owner shall provide Charterer
with ship condition information which may affect volume of cargo or bunker to be loaded. 
  

	2.	During normal operational cycles the Vessel will require the following approximate times as listed for the following process changes when applicable: 

Post-docking: 

							
		 	 -Insulation space nitrogen inert
	 	:	  	 20 hrs

		 	 -Drying of cargo tanks
	 	:	  	 20 hrs

		 	 -Inerting of cargo tanks
	 	:	  	 20 hrs

		 	 -Cargo vapor purging
	 	:	  	 20 hrs

		 	 -Cooling down
	 	:	  	 10 hrs

  
 Diesel Electric –
Appendix I to Schedule I – Page 12 
 Execution version re Hull 1689 

 Pre-docking: 

							
		 	 -Warming up
	 	:	  	 36 hrs (excluding evaporation of unpumpable liquid)

		 	 -Inerting
	 	:	  	 20 hrs

		 	 -Aeration
	 	:	  	 20 hrs

  

	3.	The Vessel shall be able to load a full cargo in about twelve (12) hours, excluding the time for connecting, disconnecting, cooling down of piping, loading arms or the Vessel’s cargo tanks, topping up and
custody transfer measurement and provided that the loading terminal is capable of pumping at least 12,000 cubic meters of LNG per hour under a back pressure not exceeding 2.3 barg at the manifold presentation flange, employing three (3) liquid
manifolds and including the use of 20/60 mesh strainers, with pre-cooled cargo tanks and vapor connection to shore. The terminal must also be capable of receiving all return vapor from the Vessel that may be generated through both heat leak and
displacement when loading the Vessel at the above specified flow rate of LNG. This loading time is based on an ATR (Arriving Temperature Requirement) of -130 deg. C. ATR equals (top temperature + bottom temperature) / 2. 

 

	4.	When operating and discharging LNG as a conventional LNG carrier, the Vessel shall be able to discharge a full cargo using all pumps against no backpressure in not more than twelve (12) hours; provided that the
receiving terminal is capable of receiving at least 12,000 cubic meters of LNG per hour. In that respect, the full cargoes of LNG shall be discharged through three (3) 16-inch liquid arms in about 12 hours (excluding slow starting/pump down)
under Maximum back pressure of 4.0 barg of LNG at the manifold discharge flange (after ship strainers: 20/60 mesh) at the half cargo level in the tank with cargo specific gravity of 0.47 and conical strainer on line (simultaneous operation of eight
(8) main cargo pumps and without stripping), with vapor connection to shore. 

  

	5.	When the Vessel is employed in the transportation of LNG, the boil-off per day shall not exceed 0.15% of the Vessel’s total cargo capacity on laden voyages or 0.10% of the Vessel’s total cargo capacity on
ballast voyages. Calculations and determinations in respect of the guaranteed boil-off rate shall be made in accordance with Clause 27 of the Charter. 

  

	6.	The guaranteed speed and fuel consumption of the Vessel pursuant to Clause 27 of the Charter is 19.5 knots up to and including Force 5 on the Beaufort scale at a consumption of no more than about 130 metric tons of
diesel oil per day or 135 metric tons of HFO with LCV of 10,200 kcal/kg for propulsion purposes only when boil-off gas is not available. When boil-off is available the guaranteed fuel oil consumption shall be reduced by the amount of such boil-off,
measured in terms of its equivalency to diesel oil or HFO. 

  

	7.	The performance of the Vessel in relation to the warranties contained in Clause 27(a) to (c) of the Charter will be checked after each round trip, and the results accumulated and compensation, if any, assessed at
the end of each relevant performance period (as described in paragraph 8 below, the “Performance Period”). For the avoidance of doubt, the performances of the Vessel during each round-trip should not be averaged over the performance
period. Only the non- or lesser performance of the Vessel during each round-trip shall be accumulated in order to assess compensation, disregarding performance over and above the warranties. 

  
 Diesel Electric –
Appendix I to Schedule I – Page 13 
 Execution version re Hull 1689 

	8.	The first Performance Period shall commence on the date of Delivery of the Vessel and shall end at the time and date of commencement of her first scheduled dry-docking hereunder. The second and each subsequent
Performance Period shall commence on completion of the first and each subsequent scheduled dry-docking as aforesaid and terminate on the commencement of the next scheduled dry-docking, save that the final period shall terminate upon Redelivery of
the Vessel by Charterer to Owner. 

  

	9.	Actual Discharge Rate of Regasified LNG 

 If no discharge of regasified LNG is currently ongoing
from the Vessel at the Deepwater Port, measurement of the Actual Discharge Rate shall commence when the vaporizers, piping and pressurizing risers are cooled down and the last high pressure pump required to achieve the ordered discharge rate is
placed on line when the Vessel starts the discharge cycle of a complete cargo after having arrived at, and after being securely connected to, the Buoy System, and if no overlap from another Vessel is envisaged, shall terminate when the first high
pressure pump is secured near the end of the discharge cycle of a complete cargo of LNG and the Vessel is prepared to disconnect from the Buoy System and proceed to the next load port (the “Discharge Period”). 

Prior to the commencement of a Discharge Period a notification of Readiness to Discharge Gas (as defined in the Gas Nominations Procedures) in
accordance with the Gas Nomination Procedures shall be delivered and a Discharge Period shall start no later than six (6) hours after the above notification, unless such time is extended by reasons attributable to the Charterer, the Neptune
Port Director, governmental or regulatory authorities or Force Majeure (as defined in the Gas Nominations Procedures). 
 The Actual
Discharge Rate shall be the rate of regasified LNG discharged as measured by the Vessel’s metering station. 
  

	10.	The performance of the Vessel in relation to the warranty contained in Clause 27(g) shall be checked at the end of each Discharge Period, and the results accumulated and compensation, if any, shall be assessed at the
end of each month. For purposes of establishing whether the Vessel has achieved performance as required under Clause 27(g), the parties shall discount discharges: 

 

	 	(i)	where the Buoy System and/or the Downstream Systems are not ready or able to receive the Nominated Discharge Rate specified by Charterer in accordance with the Gas Nomination Procedures and at the corresponding
pressures and temperatures; 

  

	 	(ii)	where Charterer has requested any intra-daily upward changes to the Nominated Discharge Rate in accordance with the Gas Nomination Procedure; 

 

	 	(iii)	where Charterer has instructed the Vessel to proceed from the Deepwater Port to another Primary Terminal to discharge the Vessel’s cargo as LNG; 

  
 Diesel Electric –
Appendix I to Schedule I – Page 14 
 Execution version re Hull 1689 

	 	(iv)	where the Vessel is prevented from approaching the Deepwater Port and/or connecting to the Buoy System by any relevant regulatory or governmental authority by reason other than a failure or default on part of the Vessel
or Owner; 

  

	 	(v)	where the Vessel has to disconnect from the Buoy System and/or to depart from the Deepwater Port or is prevented from discharging her cargo as regasified LNG by reason of compliance with the applicable requirements and
guidelines of the Classification Society, the Vessel’s Flag State or any other relevant regulatory authority and/or with such requirements as set out in the SRV Operating Manual in relation to the Vessel’s safe operation, cargo management
and/or filling level restrictions; and 

  

	 	(vii)	occurring during Regas Tests. 

  

	11.	Discharge of LNG and Regasified LNG 

  

	 	(a)	Acceptance Standard 

 The Vessel shall be capable of regasifying LNG in a closed-loop heating
mode using steam from the Vessel’s auxiliary boilers as the primary heating medium at a discharge rate equal to the Acceptance Standard with a pressure of 100 bar and a temperature of 40°F (4.4°C) at that part of the high pressure
gas connector mounted on the swivel (“Discharge Point”) connected to the other part of the high pressure gas connector mounted on the Buoy System. 
  

	 	(b)	Adjustment of Normal Performance 

 Normal Performance shall be adjusted according to the results
of the Regas Tests as conducted in accordance with the Building Contract, the Specifications and this Charter. If the maximum Test Rate obtained during Regas Tests is less than 600 MMScf/day, and Owner has paid Charterer the liquidated damages as
provided in Clause 7(n), the Test Rate shall become the highest level of Normal Performance set out in the table under paragraph 11(c) below, that is the level of Normal Performance for the months of January, February, November and December;
provided that if Charterer elects to exercise its right under Clause 7(o)(ii), then the levels of Normal Performance shall be adjusted as the parties may agree. Other than as stipulated by this paragraph, Normal Performance shall not be adjusted
(unless adjusted in accordance with paragraph 11(c) below). 

  
 Diesel Electric –
Appendix I to Schedule I – Page 15 
 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(c)	Normal Performance 

 Normal Performance (as defined Clause 27(g)) shall be determined on the
basis of a discharge rate varying on a monthly basis according the table below: 
  

			
	 Month
	  	 Normal Performance

in MMScf/day

	 January
	  	600
	 February
	  	600
	 March
	  	450
	 April
	  	450
	 May
	  	450
	 June
	  	450
	 July
	  	450
	 August
	  	450
	 September
	  	450
	 October
	  	450
	 November
	  	600
	 December
	  	600

 When measuring the Actual Discharge Rate against Normal Performance a variation of one percent (1%) shall be allowed.

 For the purposes of establishing the relevant Normal Performance applicable during any Gas Day, the applicable rate of Normal Performance shall be the
rate of Normal Performance applicable to the month during which the Gas Day commences, notwithstanding that the Gas Day may end during the subsequent month. 

Normal Performance shall be based upon LNG with a chemical composition (Mass%) (Typical Trinidad composition) as follows: 

 

			
	 Methane
	  	*****
		
	 Ethane
	  	*****
		
	 Propane
	  	*****
		
	 i-Buthane
	  	*****
		
	 n-Buthane
	  	*****
		
	 Nitrogen
	  	*****

  
 Diesel Electric –
Appendix I to Schedule I – Page 16 
 Execution version re Hull 1689 

 The actual gas flow rate at the Discharge Point shall be measured using the installed metering unit. Calculations
and determinations of the Vessel’s actual regasified LNG discharge performance shall be in accordance with paragraphs 9 and 10 of this Appendix I. In the event of any adjustment determined pursuant to paragraph 11(b) of this Appendix I,
Charterer and Owner shall adjust the above-mentioned Normal Performance in a written memorandum. 
  

	12.	Buoy System Connection and Disconnection 

 The Vessel shall be fitted and capable of connecting, disconnecting
and performing regasified LNG discharge operations through the Buoy System in accordance with the SRV Operating Manual. 
 Upon reaching a distance of three
(3) nautical miles from the Buoy System, the Vessel shall be capable of safely approaching, retrieving and completing all connection operations to the Buoy System (including but not limited to cooling down vaporizers and piping and pressurizing
risers) and be capable of being ready to commence regasified LNG discharge operations in a time of no more than six (6) hours, when operating in normal conditions as provided in the SRV Operating Manual, with no adverse influence from swell.
Interference from any other marine activities shall not be an exception to this standard. 
 Upon completion of regasified LNG discharge and the complete
securing of all cargo-related operations (including limited depressurizing of the Buoy System and risers as required based on the operational requirements relating to the Buoy System), the Vessel shall be capable of disconnecting from the Buoy
System, restoring the Buoy System for retrieval by a subsequent vessel, and proceeding en route, in a time of no more than two (2) hours when operating in normal conditions as provided in the SRV Operating Manual with no adverse influence from
swell. Interference from any other marine activities shall not be an exception to this standard. 

  
 Diesel Electric –
Appendix I to Schedule I – Page 17 
 Execution version re Hull 1689 

 SCHEDULE II 

TO 
 LNG CARRIER TIME
CHARTER PARTY 
 DATED      MARCH 2007 

BUILDING CONTRACT AND SPECIFICATIONS 

The following documents have been executed and are attached hereto for reference: 
  

	•	 	Shipbuilding Contract for the Construction and Sale of one (1) LNG carrier (Hull no. 1689) fitted out as an SRV by and between Owner, as buyer, end Samsung Heavy Industries Co., Ltd., as Builder, dated 7 April
2006 

  

	•	 	Specifications (Hull no. 1689) dated 5 April 2006 (ref. No. GS05171.FS02). 

  
 Schedule II – Page 1

 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 SCHEDULE III 

TO 
 SRV LNG CARRIER TIME
CHARTER PARTY 
 DATED MARCH 2007 

HIRE RATE AND ADJUSTMENTS 
  

	1.	The Hire Rate 

 The Hire Rate shall consist of the following three (3) elements: 

 

	1.1	Fixed (Capital) Element (“Fixed Element”) 

  

	(a)	Comprising ***** United States Dollars (US$*****) per day, the Fixed Element shall provide for ownership costs and all remuneration due to Owner under the Charter. The Fixed Element is fixed and not subject to
adjustment (except as expressly provided for in this paragraph 1.1). In respect of each extension period exercised by Charterer pursuant to Clause 6(m) of the Charter, the Fixed Element shall be equal to an amount in United States Dollars which is
***** percent (*****%) of the Fixed Element payable for the Initial Charter Period. 

  

	(b)	The Fixed Element is calculated on the basis of the following assumption 

 ********** 

 

					
	 	  	 22 Aug 2006
	  	 Closing Date

	 “15yr swap rate”
	  	*****	  	
	 “3yr swap rate”
	  	*****	  	
	 Forward Reference Swap Rate
	  	*****	  	

 If the Forward Reference Swap Rate at eleven o’clock (11:00 hrs) Oslo time on such date after this Charter
becomes effective and unconditional as Owner shall specify (but in any event not later than ***** days after the Charter becomes effective and unconditional), the “Closing Date”, changes from *****%, the Fixed Element shall be adjusted in
the following manner: 
 US$***** per day for each ***** (*****) basis point difference from *****% (up or down). 

 

	(c)	If Charterer has exercised its option to defer delivery of the Vessel under Clause 6 and has not paid the costs (or realized the gains, if any) associated with that deferral as a lump sum in accordance with Clause 6(d),
then the Fixed Element shall be adjusted to reflect such costs or gains. 

  

	(d)	Attachment 3 to this Schedule III contains a list of spare parts to be agreed by Owner and Charterer on the basis that it shall increase, pro rata, the Fixed Element by ***** United States Dollars (US$*****) per day,
pro rata, for each ***** United States Dollars (US$*****) of spare parts selected from this Attachment 3. 

  
 Schedule III – Page
1 
 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	(e)	The Fixed Element shall be adjusted to reflect all costs incurred, or (as the case may be) all savings realized, by Owner as a result of any change orders requested by Charterer under Clause 10(n) on the basis that:

  

	 	(i)	any costs incurred shall increase, pro rata, the Fixed Element by ***** United States Dollars (US$*****) per day, pro rata, for each ***** United States Dollars (US$*****) of costs incurred by Owner as a result of such
change orders; and 

  

	 	(ii)	any savings realized shall decrease, pro rata, the Fixed Element by ***** United States Dollars (US$*****) per day, pro rata, for each ***** United States Dollars (US$*****) of savings realized by Owner as a result of
such change orders. 

  

	1.2	Variable (Operating Cost) Element (“Variable Element”)] 

  

	(a)	Comprising ***** United States Dollars (US$*****) per day, the Variable Element is subject to annual adjustment, up or down, to reflect changes in such operating costs in accordance with paragraph 2 of this Schedule
III. The operating costs, subject to annual approval by Charterer, shall be included in the Hire Rate on a cost-pass-through basis including general maintenance work (but excluding regular drydocking). Regular drydocking, while also paid by
Charterer on a pass-through basis, shall not be included in the Hire Rate but shall be reimbursed separately in accordance with paragraph 1.2(d). 

  

	(b)	The daily amount representing the Variable Element of the Hire Rate, exclusive of operating costs for Scheduled Dry-docking, shall be, per year beginning with the Delivery Date, the “Base OPEX Amount”, which
shall as of the Delivery Date consist of the components set forth in this paragraph 1.2 of this Schedule III. The below shall be adjusted if necessary as agreed upon as of the Delivery Date. Owner and Charterer shall meet at a mutually agreed date
at least ***** days prior to the Delivery Date for the purpose of establishing revised estimated operating costs for 2009. Thereafter, not later than August 30 of each subsequent calendar year during the Term, Owner and Charterer shall meet for
the purposes of establishing such estimated costs with respect to that year. If, at any time during the year, Owner anticipates that expenditures for all categories specified in paragraph 1.2(c)(i) through (viii) of this Schedule III are likely
to exceed the approved estimates in such year by more than ***** percent (*****%), Owner shall prepare and submit a revised estimate to Charterer for approval (which approval shall not be unreasonably withheld). If such revised estimate is approved
by Charterer, Owner shall have the right to have the Hire Rate adjusted accordingly. Such adjustment shall become effective as of the Hire Payment Date which first occurs following the ***** day after the date upon which Charterer received such
revised estimates. Owner shall notify Charterer if Owner foresees that actual total expenditures are likely to exceed the annual budgeted expenditures by ***** percent (*****%) or U.S. $*****. The excess percentage of ***** percent (*****%) shall be
exclusive of the currency exchange rate effect for Crew Costs. Drydocking shall not form part of the subsequent 12-month budget. Drydocking expenses shall be paid separately outside of the Variable Element as provided for in paragraph
(d) below. 

  
 Schedule III – Page
2 
 Execution version re Hull 1689 

	(c)	The initial Variable Element for 2009 is based on a 12-month budget for such year of the following items at daily cost: 

  

	 	(i)	Management - which shall cover general back office and support functions, LNG fleet manager, information technology services, maintenance and purchase systems, Quality Assurance, US Security, accounting,
Maritime Personnel department and other similar expenses. 

  

	 	(ii)	Manning & Crew Complement 

 The Vessel shall have, and the manning component
of the Variable Element in paragraph 1.2 shall be based upon, a complement of fifteen (15) European and/or American officers and fourteen (14) European, American and/or Filipino crew. The complement shall consist of European and/or
American officers and European, American and/or Filipino subordinates. The crew complement is set out as follows: 
 Master: European
and/or American 
 Deck Officers: European and/or American 

Chief Engineer: European and/or American 

Cargo System Engineer: European and/or American 

Engineers: European and/or American 

Electrician: European and/or American 

Ratings: European, American and/or Filipino 

Catering Complement: European, American and/or Filipino 

Total Crew: twenty-nine (29) (excluding cadets). 

Cadets: two (2) of any given above nationality provided, however, that Owner may increase the crew complement at Owner’s
discretion and expense (unless such alteration is required by any applicable law, regulation, international convention or direction of any governmental authority having jurisdiction over the Vessel, in which case any increased costs shall be for
Charterer’s account) and may reduce the crew complement with Charterer’s consent (not to be unreasonably withheld). 
 Charterer
may request carrying American officers as a part of the Vessel’s complement (such additional cost, if any, to be for Charterer’s account). 

The costs associated with any Guarantee Engineer (as defined in the Building Contract) or any other Builder’s personnel being stationed
on the Vessel following delivery of the Vessel, whether for conducting Regas Tests or otherwise, shall not be included in the Variable Element of hire. 

  
 Schedule III – Page
3 
 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(iii)	Insurance - which shall cover all net insurance premiums paid with respect to the Vessel for Reimbursable Insurances and any other insurance requested by Charterer pursuant to Schedule IV.

  

	 	(iv)	Consumables - which shall cover provisions (all edible goods, including the cost of transporting, insuring and loading/unloading thereof) aid all reasonable amounts, prudently incurred, paid for all
consumables and expendable items of which there is a continuous and fairly regular consumption (e.g., paint, wire, rope, textiles, cleaning material, lubricating oil, additives and electrical and workshop material) and which are reasonably required
for the use of the Vessel, and the cost of transporting, insuring and loading such items, and other similar expenses. 

  

	 	(v)	Miscellaneous - for 2009 not to exceed ***** US Dollars ($*****) which shall cover all reasonable amounts prudently incurred for communications on board the Vessel (ship radio fee, etc.), fees paid to the
Classification Society, regulatory authorities and consultants, managerial travel expenses and other similar costs. 

  

	 	(vi)	Services - which shall cover all reasonable amounts, prudently incurred, paid for assistance to the Vessel by personnel other than the crew such as voyage repairmen and specialists, equipment rentals,
service contracts, fees paid to the Classification Society, regulatory authorities and consultants and other similar expenses. 

  

	 	(vii)	Spares - which shall cover all reasonable amounts, prudently incurred, paid for spare parts (including transportation and insurance), normal replacement of machinery and equipment which has become worn
out, lost, damaged or obsolete, repair and reconditioning of machinery and equipment, and other similar expenses. 

  

	 	(viii)	Damage Deductibles - which shall cover that portion of any insurable loss not recoverable under Owner’s insurance policies because of the provisions for franchises in the insurance policies.

 SUMMARY OF VARIABLE ELEMENT COMPONENTS 

 

																	
	 Category
	 	 Management
	 	 Services
	 	 Spares
	 	 Consumables
	 	 Damage
Deductibles
	 	 Insurance
	 	 Manning
	 	 Misc.

	 Base OPEX Amount US$ /Day in the Year of Delivery
	 	*****	 	*****	 	*****	 	*****	 	*****	 	*****	 	*****	 	*****

  

	(d)	 Drydocking expenses shall cover all reasonable amounts, prudently incurred and paid to shipyards for drydocking, replacement of existing equipment,
repairs, maintenance, survey work, machinery repairs and overhaul costs, port charges, tugs, agency fees at shipyard port, all normally required to maintain the Vessel in a thoroughly efficient state in hull, machinery and gear to maintain
classification, all bunker fuel during deviation for repairs and cost of nitrogen in connection with drydocking and to inert void space after 

  
 Schedule III – Page
4 
 Execution version re Hull 1689 

	 	
repairs and other similar expenses, less any amounts received or recoverable by Owner from other sources such as insurance proceeds, proceeds from the self risk pool maintained by the
Vessel’s manager (if and when applicable), proceeds from claims for damages against third parties, proceeds from credits or incentives paid to Owner by Builder related to all aspects of the Vessel’s shipyard visit, and applicable
guarantees. All drydocking expenses, including drydocking expenses pertaining to the year 20th drydocking, shall be invoiced to Charterer upon such expenses being incurred by Owner. Such expenses may include interest (at LIBOR) from the time the
drydocking expenses are actually incurred by Owner to the time such expenses are reimbursed by Charterer. 

  

	1.3	Optional (Capitalized Equipment Cost) Element (“Optional Element”) 

 Comprising
(i) any costs payable by Charterer (to the extent not already paid by Charterer, at Charterer’s option, as a lump sum payment in accordance with Clause 42(a)) in respect of changes described in Clause 42(a) of the Charter and (ii) any
new equipment and machinery which Charterer and Owner have agreed should be capitalized. Such costs shall be distributed over the remaining Term (excluding any Extension Period unless such has been declared in accordance with Clause 6 of the
Charter) in accordance with paragraph 2.5 of this Schedule III or in Charterer’s option, in cash against presentation of invoices. 
  

	2.	Annual Adjustment of Hire Rate 

  

	2.1	General 

 At the end of each Hire Period during the Term, there shall be adjustments to the Hire
Rate to reflect the following year’s approved budget. Each such adjustment shall take effect from the first day of the next succeeding Hire Period. 
  

	2.2	Calculation of Hire Rate 

 No later than 30 August of each calendar year commencing 2009
Owner and Charterer shall meet for the purpose of agreeing on the budget for operating costs for the following calendar year. The Variable Element shall be calculated by dividing the agreed estimated operating costs for the calendar year by the
number of days in said calendar year (or pro rata for the first and last Hire Periods). 
  

	2.3	Hire Periods 

 The Charter Term shall be divided into “Hire Periods” defined as follows:
The first Hire Period shall be the remaining part of such calendar year in which the Vessel is delivered to Charterer. Thereafter each calendar year shall constitute a Hire Period up to the last Hire Period, which shall be calculated from
January 1 in the year during which Redelivery from Charterer to Owner takes place up to and including the date of Redelivery. 

  
 Schedule III – Page
5 
 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	2.4	Audit 

 In addition to the audit rights of Charterer set forth in Clause 14(f) (the results of
which may give rise to financial adjustments hereunder), audits shall be conducted as follows: 
  

	(a)	Accounting and Accounting Methods. Immediately following the end of each calendar year and at such time as the Vessel is redelivered to Owner, an audit shall be conducted of Owner’s and Manager’s books of
account or any other books of original entry for financial activity related to the Vessel (which shall be maintained in U.S. Dollars), at Charterer’s sole expense, for the purpose of determining the actual amounts chargeable in accordance with
paragraph 2.4(c) to operate the Vessel during such year in respect of the Variable Element elements set forth in paragraph 1.4. Such actual amounts chargeable are to be determined following International Accounting Standards (“IAS”) as
published by the International Accounting Standards Committee, and considering shipping industry practices. Unless agreed otherwise, Generally Accepted Accounting Principles in Norway will prevail for purposes of the Charter. 

 

	(b)	Cooperation. Audits referred to in paragraph 2.4(a) shall be conducted in accordance with the International Standards of Auditing published by the International Federation of Accountants (“ISA”) then in effect
including, but not limited to, reviews of the controls and procedures applicable to those costs subject to audit and confirmation. For purposes of such audit, Owner shall make available or shall cause to be made available to Charterer and its
auditor access to such parts of the offices of Owner and Manager during normal business hours as may be required to review such books and records as are relevant or relate to the Vessel and its operation except books and records which relate solely
to the Financial Cost Component. Owner shall assist and cooperate with Charterer in reviewing such books and records and shall provide Charterer with copies and explanations as may reasonably be requested for the purposes of any audit under this
paragraph 2.4(b). Each party shall cooperate to ensure that each such audit is conducted diligently and expeditiously with the objective that such audits shall be completed within ***** days after January 1 of each audit year or from the date
of redelivery of the Vessel to Owner. 

  

	(c)	Adjustment for the Variable Element. Based on the above audit, Charterer shall calculate the daily Variable Element which would have been applicable for the relevant year if actual costs in the aforesaid categories had
been used to calculate the Variable Element as opposed to estimates thereof (the “Adjusted Variable Element”). The difference between (i) the estimated Variable Element determined in accordance with paragraph 1.3 for that year and
(ii) the Adjusted Variable Element calculated for that year, multiplied by the number of days that the Vessel was on-hire during that year, shall be either paid to Owner or refunded to Charterer, as the case may be, within ***** days of the
completion of the applicable audit, together with an amount equal to interest on the amount refunded or paid for the period from the preceding June 30 to the date upon which the refund or payment is made. Such interest shall be calculated at an
annual rate of LIBOR plus *****% for each calendar month during such period (prorated for partial months). Notwithstanding anything herein to the contrary, in no event shall Charterer be required to pay amounts in excess of ***** percent (*****%) of
the estimated Variable Element for all categories specified in paragraphs 1.2(c)(i) through (vii) for any year unless expenditures relating to such excess amounts were approved in writing by Charterer as provided in paragraph 1.2(b).

  
 Schedule III – Page
6 
 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	2.5	Optional Element Calculation 

 The Optional Element shall be calculated by distributing the
relevant costs incurred (to the extent not already paid by Charterer, at Charterer’s option, as a lump sum payment in accordance with paragraph 1.3 of this Schedule III over the remaining Initial Charter Period, plus any extension period if
such has been declared, on an annuity basis at an interest rate equal to a swap rate plus *****%. For purposes of this paragraph 2.5 only, such swap rate shall be established as the swap rate for United States Dollars, as published on Reuters from
day to day, for a period corresponding to the length of the closest period over which the cost is being distributed, quoted on the date of payment of such cost, or, if more than one (1) payment, on the date of the last payment. 

 

	2.6	Delivery Date Readiness  

 Owner warrants that the Vessel will be fully stored, equipped, manned
and ready in all respects for service as of the Delivery Date and therefore any expenditure required to comply with this warranty or to remedy any shortfall therein shall not be charged as an operating cost for the purposes hereof. 

 

	2.7	Late-in-Term Expenditures  

 During the Term, it is recognized that some portion of the
expenditures for drydocking, maintenance and repair items may accrue to the benefit of Owner after the expiration of the Term, unless Owner confirms to Charterer that it will scrap the Vessel after the Term. If Owner has not confirmed in writing
that it will scrap the Vessel upon expiration of the Term, the parties shall agree upon a portion of said expenditures which accrue to the benefit of Owner after the expiration of the Term, based on a ***** cycle and said portion shall be refunded
to Charterer within ***** days of Redelivery. A pro-rated portion of drydocking expenditures incurred within ***** months of Redelivery are specifically presumed to accrue to the benefit of Owner after the expiration of the Term. 

 

	2.8	Spare Parts Allowance  

 Owner shall ensure that an adequate inventory of major capital spare
parts (excluding those necessary for SRV operation) is maintained on board the Vessel (or made available to the Vessel aboard any LNG vessel under control by Owner or its affiliates) and evidence this to the Charterer ***** days before delivery. The
inventory of the spare parts to be maintained on board the Vessel, or otherwise available to the Vessel, which is adequate for performance of Owner’s obligations hereunder shall be the list in Attachment 2 to this Schedule III and any other
spare parts otherwise agreed by Owner and Charterer (“Agreed Allowance List”). Charterer shall be entitled to verify the availability of such spare parts upon the entry of the Vessel into service and Owner will, for Owner’s account,
at the request of Charterer remedy any deficiency. Any spare parts consumed must be replaced so as to maintain the inventory of spare parts in accordance with the Agreed Allowance List throughout the Term of the Charter. Any change in the Agreed
Allowance List (either a reduction due to non-replacement of consumed spare parts or order of additional spare parts not included on the Agreed Allowance List) must have Charterer’s prior approval. 

  
 Schedule III – Page
7 
 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	2.9	Depot/Regasification Spares 

 Depot spares and Regasification Component spares as agreed and
listed in Attachment 3 to this Schedule III shall be stored for the benefit of the SRVs on or prior to the delivery date of the first SRV in the SRV Fleet. The purchase cost of depot spare parts (including the cost of delivery to the place where
they are to be stored for the use of the Vessel and any duties, if applicable, but excluding any administrative costs or continuing preservation and maintenance costs associated therewith) in excess of ***** United States Dollars (US$*****) for use
in maintaining the Vessel and the Regasification Components shall form part of the Fixed Element of each SRV in the SRV Fleet (as calculated in accordance with Clause 1.1 (d) of this Schedule III). Owner shall have the right, subject to
Charterer’s consent (not to be unreasonably withheld), to re-adjust the number of Regasification Component depot spares if, after trials and/or initial service period under this Charter, prudent and safe operating practice show that the number
of spares needs to be increased. Owner and Charterer shall examine ways to improve spare parts management giving consideration to the number of SRVs in the SRV Fleet in operation and the number of different managers of such vessels. To enable
verification of spare parts associated with Regasification Components held on shore solely for the use of the Vessel, such parts shall be stored and recorded separately from any parts which are the same or similar which may be held by Owner or
Manager for any other vessel. Owner shall require Manager to maintain records of the stock of spare parts in such a manner that they can be audited and the stock verified at any time during the Term by Charterer’s auditors. Owner shall install,
on board and on shore, at Owner’s expense, an efficient computerized spare parts management system which will enable Manager to accomplish the foregoing. 
  

	2.10	Monthly Reports 

 As soon as possible, but within ***** days after the end of each
calendar month during the Term, Owner shall provide Charterer (in form and substance from time to time satisfactory to Charterer) with: 
  

	 	(i)	a detailed statement of all operating costs incurred during the said month (together with year-to-date activity, cost comparison to approved budget and comparison to the prior year) in the cost categories specified in
paragraph 1.2, and 

  

	 	(ii)	such other operational data as Charterer may reasonably require. 

  

	2.11	Further Meetings 

 In addition to the annual year-end meeting referred to in
paragraph 2.2, Charterer and Owner shall endeavor to meet as required or requested by either Owner or Charterer to discuss reports and other items relevant to the Hire Rate. 
  

	2.12	Proration  

 Operating costs shall only be charged in respect of the Term. Any
reference to “year” herein shall include the portion of the first year following entry into service and the portion of the last year prior to departure from service and for such years operating costs will be prorated from the Delivery Date
in the case of the first year and the date of delivery in the case of the last year. The principle set out in this paragraph 2.13 shall apply to the extension periods. 

  
 Schedule III – Page
8 
 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	3.	Disputes 

 In the event Charterer and Owner are unable to resolve their
differences within ***** days after notice thereof with regard to: 
 (a) the scope or contents of any preventative maintenance program or
dry-dock specification; 
 (b) the extent to which any Optional Element accrues to the benefit of Owner; 

(c) any issue concerning budget estimates and adjustments to the Variable Element; 

(d) the reasonableness of any cost estimate; 

(e) the actual amount incurred in respect of any approved budgeted cost category during any year; or 

(f) any other issue relating to the computation or adjustment of the Hire Rate; 

then the dispute shall be referred (at Owner’s and Charterer’s joint expense) for a decision to an independent expert of recognised standing with
experience in the operation of LNG carrier and/or SRV vessels, to make a determination of the subject matter in dispute, using the standard of a prudent owner/operator of LNG carriers/SRVs of similar age. Such expert shall be appointed by mutual
agreement. In the event parties do not agree on the nomination of the expert within ***** weeks of the referral, the President of the Royal Institution of Naval Architects shall nominate the expert. Owner and Charterer shall, within ***** days of
agreement and appointment of such expert, submit their case to the expert with supporting documents. The expert shall then evaluate the merits of each respective position and issue a preliminary written decision in relation to the subject matter
referred. Each party shall be allowed ***** right to reply to such preliminary decision before the expert proceeds to a final written decision, which shall be binding on the parties and shall not be subject to any judicial or arbitral review. Owner
and Charterer shall abide by, and promptly implement, such final decision. 

  
 Schedule III – Page
9 
 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	4.	Reduced Rate of Hire for Deficiency in Normal Performance 

 If it has been determined in accordance with
the provisions of Clause 27(g) of the Charter and paragraphs 9, 10 and 11(c) of Appendix I to Schedule I that the Vessel has performed at Reduced Performance during any Discharge Period, then a Hire Rate equal to a reduced rate determined by
multiplying the Fixed Element of the Hire Rate with the factor set out in the table below (the “Reduced Rate”) shall be payable for each of the Gas Days in respect of which an Actual Discharge Rate lower than Normal Performance has been
determined during the Discharge Period in question: error! 
  

									
	 Month
	  	Below Normal
Performance but
higher than 450
MMScf/day	  	Between 450 and
350 MMScf/day	  	Between 350 and
250 MMScf/day	  	Below 250
MMScf/day
	 January
	  	0.94	  	0.83	  	0.70	  	0.70
	 February
	  	0.94	  	0.83	  	0.70	  	0.70
	 March
	  	NA	  	0.88	  	0.83	  	0.70
	 April
	  	NA	  	0.88	  	0.83	  	0.70
	 May
	  	NA	  	0.88	  	0.83	  	0.70
	 June
	  	NA	  	0.88	  	0.83	  	0.70
	 July
	  	NA	  	0.88	  	0.83	  	0.70
	 August
	  	NA	  	0.88	  	0.83	  	0.70
	 September
	  	NA	  	0.88	  	0.83	  	0.70
	 October
	  	NA	  	0.88	  	0.83	  	0.70
	 November
	  	0.94	  	0.83	  	0.70	  	0.70‘
	 December
	  	0.94	  	0.83	  	0.70	  	0.70

  

	5.	Currency Conversion 

 All accounts subject to adjustment under this Schedule III shall be maintained in
United States Dollars except as otherwise provided in this Charter or this Schedule III. Charges, credits and other computations representing transactions in other currencies shall be made at the free market value of such other currencies in terms
of United States Dollars (or, if Owner has been able to secure a better rate, then at such better rate) to the end that Owner neither gain nor lose an account of such computations as of the date incurred. 

 

	6.	Termination Fee 

  

	6.1	Calculation of Termination Fee 

 In the event that Charterer exercises its right
to terminate this Charter in accordance with the provisions of Clause 6(r) of the Charter, the termination fee payable by Charterer to Owner shall be calculated in accordance with the following table: 

 

					
	 Timing of No Fault Termination Date End of:
	  	Termination Fee to Apply
(Million US Dollars)	 
	 Year 6
	  	 	*****	  
	 Year 7
	  	 	*****	  
	 Year 8
	  	 	*****	  
	 Year 9
	  	 	*****	  
	 Year 10
	  	 	*****	  
	 Year 11
	  	 	*****	  
	 Year 12
	  	 	*****	  
	 Year 13
	  	 	*****	  
	 Year 14
	  	 	*****	  
	 Year 15
	  	 	*****	  
	 Year 16
	  	 	*****	  
	 Year 17
	  	 	*****	  
	 Year 18
	  	 	*****	  
	 Year 19
	  	 	*****	  
	 Year 20
	  	 	*****	  
	 Year 10
	  	 	*****	  
	 Year 11
	  	 	*****	  
	 Year 12
	  	 	*****	  
	 Year 13
	  	 	*****	  
	 Year 14
	  	 	*****	  
	 Year 15
	  	 	*****	  
	 Year 16
	  	 	*****	  
	 Year 17
	  	 	*****	  
	 Year 18
	  	 	*****	  
	 Year 19
	  	 	*****	  
	 Year 20
	  	 	*****	  

  
 Schedule III – Page
10 
 Execution version re Hull 1689 

	6.2	Daily Proration  

 Any reference to “year” in the above table shall
include the portion of any year where the No Fault Termination Date does not coincide with the last day of that year (as defined in paragraph 6.3 below). In calculating the termination fee payable by Charterer to Owner for any such year, the
applicable termination fee will be pro-rated on a daily basis from the No Fault Termination Date. 
  

	6.3	Definition of “year”  

 For the purposes of this table, the first year
after Delivery of the Vessel shalt commence at 10:00:01 AM GMT on the Delivery Date and shall end at 10:00:00 AM GMT on the three hundred sixty-fifth (365th) day thereafter. Each subsequent year shall commence at 10:00:01 AM following the end
of the immediately preceding year. In the event that the No Fault Termination Date does not fall on an anniversary date, then the termination fee shall be a linear proration to the No Fault Termination Date between the termination fee of the year
before and the year after. 

  
 Schedule III – Page
11 
 Execution version re Hull 1689 

 Attachment 2 to Schedule III 

Agreed Allowance List of Spare parts 
  

	•	 	One set of intermediate shaft bearing liner 

  

	•	 	One set of reduction gear thrust bearing pads 

  

	•	 	One complete set of propeller shaft reamer bolts for one coupling 

  

	•	 	One complete set of bearings for reduction gearing, including manufacturer’s tools 

  

	•	 	One complete rotating element for each size of centrifugal pump for fire fighting and essential services for propulsion system including ballast pump, each element, comprising shaft, shaft sleeve, “impeller”,
wear rings, bearings, shaft seal assemblies 

  

	•	 	For diesel generator engine: 

  

	 	•	 	two complete units comprising of piston with rings, connecting rod with bearings, liner and cylinder head (complete) 

  

	 	•	 	one set of bearings for 12V50DF 

  

	 	•	 	one set of fuel injectors for 12V50DF 

  

	 	•	 	one set of inlet and exhaust valves for one cylinder 

  

	 	•	 	one set of gaskets for 12V50DF 

  

	 	•	 	one set of fuel pipes for 12V50DF 

  

	 	•	 	each one set of fuel pump for 12V50DF & 6L50DF 

  

	•	 	Spares for electronic instrumentation equipment shall be provided with one unit for every 10 units fitted except electronic instrumentation fitted on the packaged equipment that is to be provided as per manufacturer
standard. 

  

	•	 	For electronic system, one complete spare circuit board for each and every circuit board in a system for following system, except spare PCB for PC and its accessories. 

 

	 	•	 	Integrated Automation System 

  

	 	•	 	Custody Transfer System 

  

	 	•	 	DF Engine Control System 

  

	 	•	 	Propulsion Motor Control system 

  

	 	•	 	Emergency Shutdown System 

  

	•	 	One set of manufacturer’s recommended spare parts should be supplied for each control valve and actuator. In addition, spare valve trims (seat) should be provided for the valves having pressure drop ranging from 28
barg to 5 barg or below spray water valves 

  

	•	 	10% of internal component for each type of luminaries except floodlights, searchlights and nav & signal lights, from a minimum 1 to maximum 5. 

 

	•	 	10% of each type of indicator lamp, fuse and miniature circuit breaker used for consoles, starters, control panels. 

  

	•	 	Spare parts for generator starter shall be provided as per the spare parts requirement for separate starter. 

  

	•	 	One set of bearing shell and seal, and one set of excitation rectifiers for each type of generator 

  

	•	 	One Automatic Voltage Regulator, complete, each type 

  

	•	 	For Switchboards and Starters: 

  

	 	•	 	Circuit break each size and type 

  
 Schedule III – Page
12 
 Execution version re Hull 1689 

	 	•	 	Fuse-switch unit each size and type 

  

	 	•	 	Relay complete each size 

  

	 	•	 	Two “Start/Stop” push elements 

  

	 	•	 	Two “Stop” elements (if different) 

  

	 	•	 	One selector switch of each type (min 2 if interchangeable) 

  

	 	•	 	10% thermistor control relays 

  

	 	•	 	Three overload elements of each size (where fitted) 

  

	 	•	 	One timing device each size 

  

	 	•	 	10% each size H.R.C. fuse elements fitted 

  

	 	•	 	One complete contractor of each size 

  

	 	•	 	One control transformer of each size 

  

	 	•	 	10% operating or other coil of each type (min 2) 

  

	•	 	For Separate Starters (One complete set for all separate starter, if it is same design) 

  

	 	•	 	Relay complete each size 

  

	 	•	 	10% thermistor control relays 

  

	 	•	 	Three overload elements of each size (where fitted) 

  

	 	•	 	One timing device each size 

  

	 	•	 	One set each size H.R.C. fuse elements 

  

	 	•	 	One complete contactor of each size 

  

	 	•	 	One control transformer of each size 

  

	 	•	 	One operating or other coil of each type 

  

	 	•	 	One set springs, moving contacts and other parts subject to burning or wear for each size of contactor 

  

	•	 	One set bearings for each size and type of motor 

  

	•	 	Six sets thermistor elements 

 The Agreed Allowance List of Spare Parts in this Attachment 2 to Schedule III
shall, throughout the Vessel’s construction phase, be evaluated by Charterer and Owner with a view toward optimising the Depot Spare Parts list in Attachment 3 to Schedule III and ensuring the most practicable arrangement with regard to onboard
spare parts and depot spares. Charterer’s final decision in regard to both shall be challengeable by Owner only upon grounds that such decision is unreasonable under the circumstances. 

  
 Schedule III – Page
13 
 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 Attachment 3 to Schedule III — Depot spare part list 

 

									
	 NO. or
sets
required
	  	 Description
	  	Cost (US$)
FOB	 	  	Estimated lead
time
	1	  	Tail shaft with propeller nut	  	 	*****	  	  	***** months
	1	  	Propeller	  	 	*****	  	  	***** months
	1	  	 Main wheel with output shaft and both pinion gear with shafts
  

(Pinion gear with shaft to be delivered as raw material, which to be finally machined at that time when needed)
	  	 	*****	  	  	***** Months
	1	  	Dual fuel generator engine crankshaft	  	 	*****	  	  	***** months
	1	  	Dual fuel generator engine internal gear drives for camshaft, including bearings, for each type of installed generator engine	  	 	*****	  	  	***** months
	1	  	 Dual fuel generator engine turbo charger, complete, for each type of installed generator engine

 
 (interchangeable with 12V50DF & 6L50DF
	  	 	*****	  	  	***** months
	1	  	Cargo pump, complete	  	 	*****	  	  	***** months
	I	  	LNG booster pump	  	 	*****	  	  	***** months
	1	  	Regas feed pump	  	 	*****	  	  	***** months
	1	  	Cargo spray pump, complete	  	 	*****	  	  	***** months
	1	  	Fuel gas pump, complete	  	 	*****	  	  	***** months
	1	  	Electric generator for emergency generator set	  	 	*****	  	  	***** months
	1	  	 Electric generator for each type of installed generator engine
  

1 set x 5,500 kW (USD 440,000)
 1 set c 11,00 kW (USD
630,000)
	  	 	*****	  	  	***** months
	1	  	Frequency/speed inverter control including propulsion transformer for main propulsion motor	  	 	*****	  	  	***** months
	1	  	Main propulsion motor	  	 	*****	  	  	***** months
	1	  	Each type HV transformer excluding propulsion transformer	  	 	*****	  	  	***** months
	1	  	 One electric FDF motor for two regas boilers
  

(Interchangeable with both FDFS)
	  	 	*****	  	  	***** months
	1	  	 One mechanical FDF including shaft bearings for two regas boilers
  

(Interchangeable with both FDFs)
	  	 	*****	  	  	***** months
	1	  	Turning gear motor for reduction gear	  	 	*****	  	  	***** months
	1	  	 Complete safety valve for regas boilers
 (total
4 valves with same size for 2 regas boilers)
	  	 	*****	  	  	***** months
	1	  	 Complete pilot valve for cargo tank safety valves
  

(each size and each type)
	  	 	*****	  	  	***** months
	1	  	Complete expansion bellow (compensator) of each size and each type in the cargo pipe lines	  	 	*****	  	  	***** months
	1	  	 Complete manifold valve including actuator

(each size and each type, butterfly valve)
	  	 	*****	  	  	***** months
	1	  	Complete valve with actuator, cargo pump discharge valve on tanks (each size and each type, butterfly valve)	  	 	*****	  	  	***** months
	1	  	 Essential Motor
  

As low voltage motors are taking short lead time, we propose to have each one set of following large HV motors as depot spare:

 
 -   Motor for HD Compressor

 
 -   Motor for LD Compressor

 
 -   Motor for Bow Thruster

 
 -   Motor for Stern Thruster

 
 •  Motor for ballast pump
	  	 	*****	  	  	***** months
		  		  	  
	  
	 	  	
		  	Total	  	 	*****	  	  	

  
 Schedule III – Page
14 
 Execution version re Hull 1689 

 The Depot Spare Parts list in this Attachment 3 to Schedule III shall, throughout the Vessel’s construction
phase, be evaluated by Charterer and Owner with a view toward optimizing such list and ensuring the most practicable arrangement with regard to onboard spare parts and depot spares. Charterer’s final decision in regard to both shall be
challengeable only upon grounds that such decision is unreasonable under the circumstances. The cost shall be reference only and shall be changed according to the final specification of the equipment and delivery schedule. 

  
 Schedule III – Page
15 
 Execution version re Hull 1689 

 SCHEDULE IV 

TO 
 SRV LNG CARRIER TIME
CHARTER PARTY 
 DATED    MARCH 2007 

INSURANCE 
 THE FOLLOWING IS AT ALL
TIMES SUBJECT TO THE PROVISIONS OF Schedule III REGARDING THE ALLOCATION OF INSURANCE COSTS IN THE VARIABLE ELEMENT: 
 PART A - Types of Insurance
Coverage 
 Owner shall at all times during the Term procure and maintain insurances on the Vessel in accordance with the following provisions. The
Vessel may be insured under the manager’s fleet policies, subject to Charter’s approval, provided always that the manager provides evidence to Charterer at the renewals of such policies that the insurance policies and cover are sufficient.
In all instances, Owner shall work toward establishing, and Charterer shall approve (such approval not to be unreasonably withheld, conditioned or delayed), insurance values, amounts, coverages and deductibles which result in the most economical
premiums as compatible and consistent with insurances to the standards which prudent shipowners operating first class LNG carriers/SRVs should observe in insuring LNG carriers of a similar type, size, age and trade as the Vessel, which take into
consideration operation of the Vessel as an SRV, and which insurances otherwise conform with the terms of the Charter. Before Delivery under the Charter, Owner and Charterer shall agree on insurance cover having regard to the terms of this Schedule
IV. A review of insurance requirements shall be undertaken by Charterer and Owner annually during the term of the Charter to assess the reasonableness of coverage levels, terms and conditions (including any limits on ports at which Vessel may call),
deductibles and premiums. The objective of the review is to ensure that adequate and appropriate insurance protection and security is available at the most reasonable premiums and deductibles possible. Subsequent to each review, without prejudice to
the provisions of paragraph 8 of this Schedule IV, the insurance program outlined in this Schedule IV shall be adjusted based on the mutual agreement of Charterer and Owner. 
  

	1.	“Hull and Machinery Insurance” 

  

	 	(a)	Owner shall take out and maintain “all risk” Hull and Machinery Insurance with first class marine underwriters up to the value set out in this paragraph (the “Insured Value”). 

 

	 	(b)	Unless otherwise agreed, the maximum Insured Value of the Vessel shall be not less than the higher of the market value of the Vessel and the amount required by Owner’s financiers in accordance with market practice.

  

	 	(c)	(i) The Hull and Machinery Insurance shall be placed under the terms of the Norwegian Marine Insurance Plan applicable at the date of original issue and the date of each renewal, respectively, or its U.K., French, or
American equivalents. 

  
 Schedule IV – Page 1

 Execution version re Hull 1689 

	 	(ii)	In the event that the Hull & Machinery Insurance to be placed by Owner is no longer an “all risk coverage”, Charterer shall determine in conjunction with Owner whether the Hull and Machinery Insurance
specifically shall include the following: 

  

	 	A.	Additional Perils Clause (LNG vessel); or 

  

	 	B.	The (London) Institute Additional Perils Clause-Hulls; or 

  

	 	C.	The American Hull Syndicate Liner Negligence Clause; and. 

  

	 	D.	Such additional coverages and insured values as Charterer may reasonably require. 

 In
addition, the Hull and Machinery Insurance shall include Four-fourths Running Down Clause cover; provided, however, that all or a portion of such risk may be taken out by means of P&I Insurance, as defined in paragraph 2, with any of the leading
international P&I associations proposed by Owner and approved by Charterer (the “Approved Club”), which approval shall be granted if the P&I association proposed is a member of the International Group of P&I Associations. 

 

	 	(iii)	Owner shall arrange for, and Charterer shall approve (such approval not to be unreasonably withheld or delayed), a deductible on Hull and Machinery Insurance which results in the most economical premiums recognizing
conditions or restrictions within the financial arrangements pertaining to the Vessel and the standards which prudent shipowners operating first class LNG carriers should observe in insuring LNG carriers of similar type, size, age and trade as the
Vessel which take into consideration outfitting and operation of the Vessel as an SRV and which deductible otherwise conforms with the terms of the Charter. Owner shall make such arrangements as are necessary, to conform to the Conditions of Use
referred to in paragraph 2(c), modified as provided therein. 

  

	2.	Protection & Indemnity Insurance (“P&I Insurance”)  

  

	 	(a)	P&I Insurance shall be placed up to the maximum limit available, with and subject to and on the basis of the rules of the Approved Club. 

 

	 	(b)	The terms of the P&I Insurance shall be those of the standard rules of the Approved Club supplemented or adapted as appropriate in order to adequately insure the operation of the Vessel as an SRV. The deductibles
for the P&I Insurance should result in the most economical premiums, recognizing the conditions or restrictions within the financial arrangements pertaining to the Vessel and standards which prudent shipowners operating first class LNG carriers
should observe in insuring LNG carriers of similar type, size, age and trade as Vessel, which take into consideration operation of the Vessel as an SRV and which terms otherwise conform with the terms of the Charter. 

  
 Schedule IV – Page 2

 Execution version re Hull 1689 

	 	(c)	Special provisions resulting from Owner’s acceptance of the Conditions of Use of terminals (including under the port liability agreement, as referred to in Clause 72 of the Charter) shall be incorporated into the
terms of Owner’s P&I Insurance, or, if not covered by the standard P&I rules or if required by Charterer, additional insurance shall be placed to cover liability under the Conditions of Use (including under such port liability
agreement). 

  

	 	(d)	In the event that Four-fourths Running Down Clause cover is taken out by means of Hull and Machinery Insurance, P&I Insurance coverages shall be reduced but only to the extent necessary to avoid overlap.

  

	 	(e)	If available and requested by Charterer, Owner shall arrange for membership in the International Tanker Owners Pollution Federation to cover the Vessel and/or other voluntary additional pollution cover.

  

	3.	War Risks Insurance 

  

	 	(a)	Owner shall (save as specifically provided in this paragraph) have the same rights and obligations in respect of insurance of war risks as provided for all the risks referred to in paragraphs 1 and 2 hereof and, where
applicable, up to the same amounts of cover. 

  

	 	(b)	Hull and Machinery War Risks Insurance shall cover no less than is covered by the Norwegian Marine Insurance Plan of 1996 or later amendments or its American, or London Institute equivalents and shall correspond with
the applicable clauses in the Hull and Machinery Insurance. 

  

	4.	Compulsory Insurances 

  

	 	(a)	The insurances required under Part A of this Schedule IV (as they may be varied in accordance with paragraphs (b)-(d) below and renewed in accordance with paragraph 8 below) are hereinafter referred to as the
“Compulsory Insurances.” 

  

	 	(b)	Owner may obtain Increased Value Insurance and/or Hull Interest and/or Freight Interest Insurance for an amount agreed to by underwriters and approved by Charterer for a portion of the Insured Value on Hull and
Machinery on terms (so far as applicable) similar to those for the Hull and Machinery Insurance and with the same insurers or others of similar standing. The decision whether to use such insurance and the percentage of the Insured Value to be
covered by such insurance shall be made by Owner, in consultation with Charterer, taking into consideration the amount of premium savings (if any) resulting therefrom and the adequacy of the insurance coverage. 

 

	 	(c)	 When the Vessel is idle or laid up, Owner may, or at the request of Charterer and subject to availability shall, arrange port risk insurance in lieu
of insurances 

  
 Schedule IV – Page 3

 Execution version re Hull 1689 

	 	
required hereunder under terms which are, in the event such coverage is obtained at Charterer’s request, subject to Charterer’s prior approval, insuring the Vessel against the usual
risks covered by such terms. The cost of arranging such coverage shall be for Charterer’s account if such coverage is arranged at Charterer’s request. Owner shall obtain Hull and Machinery Insurance underwriters’ prior consent to such
port risk insurance at the time of each renewal. 

  

	 	(d)	At Charterer’s expense, Owner shall obtain such other insurances, endorsements and clauses to policies and entries as Charterer may from time to time request so long as such insurances, endorsements and clauses are
not prohibited by other Compulsory Insurances. 

 PART B - Premiums and Claims 

 

	5.	Payment of Premiums 

  

	 	(a)	Owner shall be responsible for the timely payment of any and all premiums and calls of whatsoever nature lawfully demanded by insurers for all insurance’s taken out on Vessel. 

 

	 	(b)	If Owner shall default in the payment of any premiums or calls as aforesaid, Charterer may, but shall not in any circumstances be obliged to, pay any such premiums or calls to the brokers who arranged the insurance for
payment to underwriters or direct to the Approved Club in question and Charterer shall then be entitled to deduct any such payments made from the next due payment of hire. 

 

	6.	Reimbursement of Owner 

 If available and requested by Charterer, Owner shall obtain a
time charterer’s entry with the Approved Club in the name of Charterer. 
 If available and requested by Charterer, Owner shall arrange
for Charterer’s liability insurance on terms agreeable to Charterer. 
 In the event that Charterer should want to insure the Vessel
for a higher amount than the Insured Value, this shall be done by placing total loss insurance in the name of Charterer; provided always that such additional insurance is readily available in the insurance market and that the premium in respect of
such excess coverage shall be for Charterer’s account. 
 In addition to Compulsory Insurances, Owner shall obtain insurance for spare
parts in Transit and Storage, Second Seaman’s and money in care of Master, the latter three (3) insurances together with Compulsory Insurances and together with the three insurances referred to in paragraph one to three above in this
Clause 6 being hereinafter collectively referred to as “Reimbursable Insurances.” Reimbursable Insurances shall be the insurance for which Owner is reimbursed as provided in Schedule III of the Charter (i.e., part of the Insurance category
under the Variable Element). Changes in net premiums for the Reimbursable Insurances shall be dealt with as provided in Schedule III. The expression “net premiums” as used herein or in this Charter means the actual amount expended by or on
behalf of Owner ascertained by deducting 

  
 Schedule IV – Page 4

 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 
from the gross premiums paid the full amount of any return premium (for whatever reason received), commissions, rebates and/or discounts on premiums received by Owner and includes and applies
(mutatis mutandis) to calls payable to the Approved Club. 
  

	7.	Claims 

 Except as otherwise agreed by Charterer, Owner shall diligently pursue all
claims which can be made under the Reimbursable Insurances. Any amount not recoverable by Owner from insurers by reason only of default in premium payment or breach of warranties shall be deemed to have been paid to Owner in calculating the Variable
Element in Schedule III of the Charter. Owners shall diligently pursue all claims which can be made under the Compulsory Insurances. Unless the cost of repair is greater than the higher of *****% of the market value or the Vessel’s H&M
insured value Owner may not agree or compromise a total loss without Charterer’s consent (which consent may not be unreasonably withheld, conditioned or delayed) 

PART C - Placing of Insurance; Miscellaneous 
  

	8.	Renewal Quotations 

 Owner shall, at its earliest convenience but in no event less than
***** days before the expiry of any of the Reimbursable Insurances and other insurance, provide Charterer with renewal quotations in sufficient detail to provide Charterer with all the information it reasonably requires to assess Owner’s
intended renewal proposal. Charterer may as soon as possible upon receipt of the required information and not later than ***** days prior to expiry date suggest changes to Owner’s proposed arrangements. Owner shall take into consideration
Charterer’s suggested changes acting as a prudent and reasonable operator. 
 In the event that a type or extent of insurance coverage
specified herein should no longer be available Owner shall inform Charterer accordingly, in which case Charterer and Owner shall in good faith discuss and agree on alternative coverage that best possibly meets the reasonable requirements of both
Charterer and Owner. 
  

	9.	Evidence of Insurance 

 Owner agrees to furnish to Charterer, within ***** days after the
renewal of any insurances obtained by or on behalf of Owner, in respect of the Reimbursable Insurances and other insurances placed for the benefit of Charterer, certified copies of cover notes or a copy of the policies, cover notes or certificates
of entry and the latest rules of the Approved Club. At least once annually during the Term, Owner shall deliver to Charterer detailed written information conveying the Reimbursable Insurances and any other insurances covering Vessel for the benefit
of Charterer. The receipt of such information shall not impose any obligation on Charterer. 
  

	10.	Additional War Zone Expenses 

 Notwithstanding anything contained elsewhere in this
Schedule IV and subject to the provisions of Clause 37 of the Charter, all extra expenses incurred by Owner (in relation to insurances) if Vessel is required to trade in areas where there is war or, as determined by the

  
 Schedule IV – Page 5

 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 
insurers of Vessel, a warlike situation (de facto or de jure) shall be reimbursed by Charterer to Owner; provided, however, that, if practicable, Charterer shall be given an
opportunity of signifying its approval before such expenses are incurred. Charterer shall reimburse Owner for such expenses upon presentation of reasonable documentation evidencing such expenses. 

 

	11.	Waiver of Subrogation, etc. 

 Except as Charterer may otherwise agree, all insurance
policies related to Vessel (other than the P&I Insurance) and its operations shall (a) make Charterer an additional assured party, (b) waive insurers’ rights of subrogation against Charterer, and, to the extent available at
reasonable commercial terms, (c) otherwise recognize, in a manner acceptable to Charterer, Charterer’s interests in Vessel and its operations under the Charter. Except for War Risks Insurance, Owner shall cause all insurers to agree in
writing to give Charterer as much prior written notice as possible, but in no event less than ***** days’ prior written notice, of the cancellation of any insurances which such insurers arrange. 

 

	12.	Insurance Opinion 

 At least annually during the Term, Owner shall deliver to Charterer
an opinion of an internationally recognized independent (not owned by or affiliated with Owner or manager) marine insurance broker to the effect that the insurances carried by Owner with respect to Vessel and its operations conform with the
requirements of this Schedule IV and that the Reimbursable Insurances conform with insurances which prudent owners and operators engaged in the LNG trade should carry for vessels of the type, size, class and age of the Vessel, which take into
consideration operation of the Vessel as an SRV, and are placed with underwriters who meet the brokers’ minimum financial standards. 
  

	13.	Additional Insurances  

 Nothing herein provided shall prevent Owner from arranging, for
its sole benefit and at its own sole expense, additional insurance cover; provided, however, that: 
  

	 	(i)	to the extent that any claim amount recoverable under additional insurance (for which Charterer was directly or indirectly to have received a benefit) is reduced by reason of the existence of any such other insurance,
Owner shall credit Charterer with the amount of such lost benefit; 

  

	 	(ii)	such additional insurance may be purchased but only to the extent permitted by and within the warranties of the conditions on which Vessel’s Hull and Machinery Insurance is written, unless agreement for amending
such warranties is obtained from underwriters. 

  
 Schedule IV – Page 6

 Execution version re Hull 1689 

 SCHEDULE V 

TO 
 SRV LNG CARRIER TIME
CHARTER PARTY 
 DATED      MARCH 2007 

LETTERS OF INDEMNITY 
  

	A	Standard form letter of indemnity to be given in return for delivering cargo without production of the original Bill of Lading 

  

	B	Standard form letter of indemnity to be given in return for delivering cargo at a port other than that stated in the Bill of Lading 

  

	C	Standard form letter of indemnity to be given in return for delivering cargo at a port other than that stated in the Bill of Lading and without production of the original Bill of Lading 

  
 Schedule V – Page 1

 Execution version re Hull 1689 

 A LETTER OF INDEMNITY 

(delivering cargo without production of the original Bill of Lading) 
  

			
	To:	  	[            ] the Owner of the LNG Carrier (insert name of ship)
		
	Ship:	  	[insert name of ship]
		
	Voyage:	  	[insert load/discharge port, as stated in the Bill of Lading]
		
	Cargo:	  	[insert description of cargo and quantity]
		
	Bill(s) of Lading:	  	[insert identification number, date, place of issue]

 Dear Sirs, 
 The above cargo was
shipped on the above vessel by (insert name of shipper) and consigned to (insert name of consignee or to whose order the Bill of Lading is made out, as appropriate) for delivery at the port of (insert name of discharge port stated in the Bill of
Lading), but the Bills of Lading have not yet arrived and we (insert name of party requesting delivery), hereby request you to give delivery of the said cargo to (insert name of party to whom delivery is to be made) without production of the
original Bills of Lading. 
 In consideration of your complying with our above request, we hereby agree as follows: 

 

	1.	To indemnify you, your servants and agents and to hold all of you harmless in respect of any liability, loss, damage or expenses of whatsoever nature which you may sustain by reason of delivering the cargo to the above
consignees in accordance with our request. 

  

	2.	In the event of any proceedings being commenced against you or any of your servants or agents in connection with the delivery of the cargo as aforesaid, to provide you or them from time to time on demand with sufficient
funds to defend the said proceedings. 

  

	3.	If, in connection with the delivery of the cargo as aforesaid, the vessel or any other vessel or property belonging to you should be arrested or detained, or if the arrest or detention thereof should be threatened, to
provide on demand such bail or other security as may be required to prevent such arrest or detention or to secure the release of such vessel or property and to indemnify you in respect of any liability, loss, damage or expenses caused by such arrest
or detention or threatened arrest or detention whether or not the same may be justified. 

  

	4.	As soon as all original Bills of Lading for the above cargo shall have arrived and/or come into our possession to produce and deliver the same to you, whereupon, subject to Clauses 1, 2 and 3 above, our liability
hereunder shall cease. 

  

	5.	The liability of each and every person under this indemnity shall be joint and several and shall not be conditional upon your proceeding first against any person, whether or not such person is party to or liable under
this indemnity. 

  
 Schedule V – Page 2

 Execution version re Hull 1689 

	6.	This indemnity shall be governed by and construed in accordance with English Law and each and every person liable under this indemnity shall at your request submit to the jurisdiction of the High Court of Justice in
London. 

  

	
	Yours faithfully,
	
	for and on behalf of
	  
 Charterer

	
	  

	  
 signature

 
 stating name and position of signatory

	
	We join in the above Letter of Indemnity
	
	  

  
 Schedule V – Page 3

 Execution version re Hull 1689 

 B LETTER OF INDEMNITY 

(delivering cargo at a port other than that stated in the Bill of Lading) 

 

			
	To:	  	[            ] the Owner of the LNG Carrier (insert name of ship)
		
	Ship:	  	[insert name of ship]
		
	Voyage:	  	[insert load/discharge port, as stated in the Bill of Lading]
		
	Cargo:	  	[insert description of cargo and quantity]
		
	Bill(s) of Lading	  	[insert identification number, date, place of issue]

 Dear Sirs, 
 The above cargo was
shipped on the above vessel by (insert name of shipper) and consigned to (insert name of consignee or to whose order the Bill of Lading is made out, as appropriate) for delivery at the port of (insert name of discharge port stated in the Bill of
Lading), but we, (insert name of party requesting substituted delivery), hereby request you to order the vessel to proceed to and give delivery of the said cargo at the port of (insert name of substitute port) against production of at least one
original Bill of Lading. 
 In consideration of your complying with our above request, we hereby agree as follows: 

 

	1.	To indemnify you, your servants and agents and to hold all of you harmless in respect of any liability, loss, damage or expenses of whatsoever nature which you may sustain by reason of the vessel proceeding and giving
delivery of the cargo at the substitute port in accordance with our request. 

  

	2.	In the event of any proceedings being commenced against you or any of your servants or agents in connection with the vessel proceeding and giving delivery of the cargo as aforesaid, to provide you or them from time to
time on demand with sufficient funds to defend the said proceedings. 

  

	3.	If, in connection with the vessel proceeding and giving delivery of the cargo as aforesaid, the vessel or any other vessel or property belonging to you should be arrested or detained, or if the arrest or detention
thereof should be threatened, to provide on demand such bail or other security as may be required to prevent such arrest or detention or to secure the release of such vessel or property and to indemnify you in respect of any liability, loss, damage
or expenses caused by such arrest or detention or threatened arrest or detention whether or not the same may be justified. 

  

	4.	The liability of each and every person under this indemnity shall be joint and several and shall not be conditional upon your proceeding first against any person, whether or not such person is party to or liable under
this indemnity. 

  
 Schedule V – Page 4

 Execution version re Hull 1689 

	5.	This indemnity shall be governed by and construed in accordance with English Law and each and every person liable under this indemnity shall at your request submit to the jurisdiction of the High Court of Justice in
London. 

  

	
	Yours faithfully,
	
	for and on behalf of
	  
 Charterer

	
	  

	
	 signature
  

stating name and position of signatory

	
	We join in the above Letter of Indemnity
	
	  

  
 Schedule V – Page 5

 Execution version re Hull 1689 

 C LETTER INDEMNITY 

(delivering cargo at a port other than that stated in the Bill of Lading 

and without production of the original Bill of Lading) 
  

			
	To:	  	[            ] the Owner of the LNG Carrier (insert name of ship)
		
	Ship:	  	[insert name of ship]
		
	Voyage:	  	[insert load/discharge port, as stated in the Bill of Lading]
		
	Cargo:	  	[insert description of cargo and quantity]
		
	Bill(s) of Lading:	  	[insert identification number, date, place of issue]

 Dear Sirs, 
 The above cargo was
shipped on the above vessel by (insert name of shipper) and consigned to (insert name of consignee or to whose order the Bill of Lading is made out, as appropriate) for delivery at the port of (insert name of discharge port stated in the Bill of
Lading), but we, (insert name of party requesting substituted delivery), hereby request you to order the vessel to proceed to and give delivery of the said cargo at the port of (insert name of substitute port) to (insert name of party to whom
delivery is to be made) without production of the original Bill(s) of Lading. 
 In consideration of your complying with our above request, we hereby agree
as follows: 
  

	1.	To indemnify you, your servants and agents and to hold all of you harmless in respect of any liability, loss, damage or expenses of whatsoever nature which you may sustain by reason of the vessel proceeding and giving
delivery of the cargo without production of the original Bill of Lading and at a port other than that stated in the Bill of Lading, in accordance with our request. 

 

	2.	In the event of any proceedings being commenced against you or any of your servants or agents in connection with the vessel proceeding and giving delivery of the cargo as aforesaid, to provide you or them from time to
time on demand with sufficient funds to defend the said proceedings. 

  

	3.	If, in connection with the vessel proceeding and giving delivery of the cargo as aforesaid, the vessel or any other vessel or property belonging to you should be arrested or detained, or if the arrest or detention
thereof should be threatened, to provide on demand such bail or other security as may be required to prevent such arrest or detention or to secure the release of such vessel or property and to indemnify you in respect of any liability, loss, damage
or expenses caused by such arrest or detention or threatened arrest or detention whether or not the same may be justified. 

  
 Schedule V – Page 6

 Execution version re Hull 1689 

	4.	As soon as all original Bills of Lading for the above cargo shall have come into our possession to produce and deliver the same to you. 

 

	5.	The liability of each and every person under this indemnity shall be joint and several and shall not be conditional upon your proceeding first against any person, whether or not such person is party to or liable under
this indemnity. 

  

	6.	This indemnity shall be governed by and construed in accordance with English Law and each and every person liable under this indemnity shall at your request submit to the jurisdiction of the High Court of Justice in
London. 

  

	
	Yours faithfully,
	
	for and on behalf of
	
	 Charterer

	
	  

	
	 signature
  

stating name and position of signatory

	
	We join in the above Letter of Indemnity
	
	  

  
 Schedule V – Page 7

 Execution version re Hull 1689 

 SCHEDULE VI 

TO 
 SRV LNG CARRIER TIME
CHARTER PARTY 
 DATED      MARCH 2007 

FORM OF REGAS TESTS ACCEPTANCE CERTIFICATE 

REGAS TESTS ACCEPTANCE CERTIFICATE under SRV TIME 

CHARTERPARTY FOR HULL No. 1689 dated              2007 (the “Charter”) 

This document constitutes the Regas Tests Acceptance Certificate envisaged in Clauses 7(f), 7(i), 7(1) and 7(s) of that certain SRV LNG Carrier Time
Charterparty in respect of one 145,000 m3 shuttle and regasification vessel having Builder’s Hull No. 1689, dated [—][—] 2007 (the “Charter”), signifying that: 
  

	 	1)	the Regas Tests (as defined in the Charter) have been completed satisfactorily in accordance with the requirements of the Charter and the Specifications; and 

 

	 	2)	[the Guaranteed Regas Rate (as defined in the Charter)][an actual regas rate off [ ]] has been achieved[; and] 

  

	 	3)	[no amount is due and payable to Charterer by Owner under Clause 7(n) of the Charter][liquidated damages in the amount of US$[—] (United States Dollars [—]), as calculated in accordance with Clause 7(n) of the Charter are due and payable by Owner in accordance with the provisions of Clause 7(n) of the Charter]. 

Capitalised words used in this Certificate shall have the meaning accorded them in the Charter. 

Charterer’s execution of this certificate shall in no respect release Owner from its obligations and liability: 

 

	 	a)	[to pay to Charterer the amount in liquidated damages referred to in paragraph 3 above]; [and 

  

	 	b)	under Clause 27(g) of the Charter for the duration of the Term]. 

 Signed on this [    ]
day of [            ] 200[    ]: 
  

					
	  
	 		 	  

	By [            ]	 		 	By [            ]
	for and on behalf of	 		 	for and on behalf of
	SRV JOINT GAS LIMITED	 		 	SUEZ LNG TRADING SA

  
 Schedule VI – Page 1

 Execution version re Hull 1689 

 SCHEDULE VII 

TO 
 SRV LNG CARRIER TIME
CHARTER PARTY 
 DATED      MARCH 2007 

FORM OF CONSENT AND AGREEMENT 

CONSENT AND AGREEMENT (this “Consent”), dated as of
            , 20    , among (1)             , a company organised and existing under the laws of the
             (the              “Charterer”);
(2)             , as Security Trustee (together with its successors in such capacity, the “Security Trustee”) for the sole benefit of the Finance Parties under
the Finance Documents (as each such term is defined below); and (3)             , a company organised and existing under the laws of
             (the “Borrower”). 

RECITALS 

A. The Vessel. The Borrower will be the registered owner of a
             cubic meter liquefied natural gas tanker [under construction]/[to be constructed] at              and having hull
number              (the “Vessel”) which the Borrower will acquire from              (the
“Ship Builder”) pursuant to a shipbuilding contract dated              between the Borrower and the Ship Builder (the “Ship Building
Contract”). 
 B. The Charter. Pursuant to a time charterparty dated
            made between the Charterer and the Borrower in respect of the Vessel (the “Charter”), the Charterer will charter the Vessel from the Borrower for an
initial period of about             years subject to termination rights) from delivery thereunder. 

C. The Finance Documents. Pursuant to a facility agreement dated
            20     (the “Facility Agreement”) among (i) the Borrower; (ii) the Security Trustee
(iii)              (as the “Agent”); and (iv) the banks and financial institutions listed in Schedule      thereto (the
“Lenders”, and together with the Security Trustee, the Agent and the Banks, the “Finance Parties”), the Lenders have agreed, inter alia, to make certain loan facilities available to the Borrower
upon the terms and subject to the conditions of the Finance Documents (as such term is defined in the Facility Agreement). As part of the security for the obligations of the Borrower to the Finance Parties under the Finance Documents, the Borrower
has agreed to grant to the Security Trustee certain security including (inter alia): 
  

	 	(i)	an assignment of its rights under the Charter; and 

  

	 	(ii)	a first priority ship mortgage over the Vessel (the “Mortgage”). 

 D.
Condition Precedent. The Finance Documents require the execution, delivery and implementation of this Consent and it is a condition precedent to the making of loans under the Facility Agreement that the Charterer shall have executed and
delivered this Consent. It is acknowledged by the Borrower and the Charterer that the execution of this Consent satisfies the requirement of Clause 14(c) of the Charter. 

  
 Schedule VII – Page
1 
 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 NOW, THEREFORE, in consideration of the foregoing recitals and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the Charterer, the Security Trustee and the Borrower hereby agree as follows: 

ARTICLE 1. - CONSENT TO ASSIGNMENT, ETC. 

1.1 Quiet Enjoyment Undertaking. The Security Trustee for itself and in its capacity as agent for the Finance Parties irrevocably
undertakes that subject to due performance by the Charterer of all its material obligations under the Charter (subject to the expiry of any grace periods), the Security Trustee shall, for the duration of the Charter and any extension thereof
permitted by the Charter, allow the Charterer unfettered use of the Vessel in accordance with the terms and conditions of the Charter. Any breach by the Charterer of its obligations under the Charter shall be subject solely to the rights and
remedies afforded the Borrower under the Charter. The Security Trustee will not exercise any rights it may have against the Vessel or in connection with the Charter if any “event of default” (as that term is defined in the Facility
Agreement, an “Event of Default”) has occurred and is continuing, except as provided by Articles 1.3 and 1.7 below. 

1.2 Consent to Assignment. The Charterer (i) consents in all respects to the pledge and assignment to the Security Trustee
pursuant to the Finance Documents of all of the Borrower’s right, title and interest in, to and under the Charter and the Ship Building Contract (the “Assigned Interests”); (ii) acknowledges the right of the
Security Trustee or any designee of the Security Trustee, in the exercise of the Security Trustee’s rights and remedies under the Finance Documents, to make all demands, give all notices, take all actions and exercise all rights of the Borrower
under the Charter and the Ship Building Contract; and (iii) acknowledges that the Borrower may not, without the prior written consent of the Security Trustee, materially amend, modify, vary, or supplement, or terminate or assign the Charter or
the Ship Building Contract. 
 1.3 Substitute Owner. The Charterer agrees that (i) if the Security Trustee shall notify
Charterer that an Event of Default has occurred and is continuing and that the Security Trustee or its designee has elected to exercise the rights and remedies set forth in the Finance Documents, then the Security Trustee or its designee which
elects to assume the Borrower’s obligations under the Charter and the Ship Building Contract (the “Substitute Owner”) shall be substituted for the Borrower under the Charter and the Ship Building Contract; and
(ii) in such event, the Charterer shall (without prejudice to Article 1.4 below) recognise the Substitute Owner and shall continue to perform its obligations under the Charter in favour of the Substitute Owner, provided that (x) the
Security Trustee shall give the Charterer not less than ***** days’ prior written notice of the intended transfer and details of the proposed Substitute Owner; (y) in the opinion of the Charterer (acting reasonably and without undue
delay), the proposed Substitute Owner shall have the legal capacity and the financial resources and expertise to own and operate the Vessel and, without limitation, to perform the Borrower’s obligations under the Charter; and (z) such
proposed Substitute Owner shall have undertaken to the Charterer in writing to remedy as soon as practicable any outstanding defaults of the Borrower under the Charter. 

1.4 Preservation of Charterer’s Rights. Notwithstanding any other provision in this Consent, any disposal of the Vessel by the
Security Trustee to a Substitute Owner in accordance 

  
 Schedule VII – Page
2 
 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 
with Article 1.3 shall not prejudice the Charterer’s rights under the Charter accruing before or after the date of such disposal, including, without limitation, any right that the Charterer
may then have to terminate the Charter (but as between the Charterer and the Finance Parties, subject always to Article 1.5). If the Security Trustee exercises its rights under Article 1.3 above to dispose of the Vessel to a Substitute Owner during
the term of the Charter, the Security Trustee shall comply with the conditions set out in Article 1.1 above and shall (subject to any requirements or restrictions imposed by any applicable law in relation to disposal of the Vessel) dispose of the
Vessel expressly subject to the Charter. The Security Trustee shall procure that the Substitute Owner (and any other person providing financing to the Substitute Owner for the purposes of the acquisition by the Substitute Owner of the Vessel) issues
an undertaking to the Charterer on substantially the same terms as the undertaking granted by the Security Trustee in Article 1.1 above. 

1.5 Right to Cure. In the event of a default or breach by the Borrower in the performance of any of its obligations under the Charter,
or upon the occurrence or non-occurrence of any event or condition under the Charter that would immediately or with the passage of any applicable grace period or the giving of notice, or both, enable the Charterer to terminate the Charter (a
“Default”), to the extent such Default is capable of being cured the Charterer shall not terminate the Charter until it first gives written notice of such Default to the Security Trustee or its designee and affords such party
a period of ***** days to cure the circumstances giving rise to such suspension or termination rights; provided, however, that (i) such *****-day cure period shall in no circumstance delay the termination date afforded to Charterer under the
Charter and (ii) such right to cure shall apply only after delivery of the vessel under the Charter and not during construction. 
 1.6
Assignment, Transfer, Sub-Chartering. The Charterer agrees that in the event that the Charterer sub-charters the Vessel to any person permitted in accordance with the terms of the Charter, the Charterer shall procure that any such person
undertakes that its rights as sub-charterer are subject and subordinate in all respects to the rights of the Finance Parties under this Consent and that such person shall not assert a claim against the Finance Parties or any of them for wrongful
interference with it rights (or any similar or equivalent claim) in respect of any actions taken by the Finance Parties or any of them which are in compliance with this Consent, and to procure that such undertaking by such person is included in the
terms of any sub-charter entered into between the Charterer and such person. 
 1.7 Replacement Agreement. In the event that the
Charter is terminated as a result of any bankruptcy or insolvency proceeding or other similar proceeding affecting the Borrower, the Charterer shall, at the option of the Security Trustee, enter into a new agreement with the Security Trustee or its
transferee or nominee (the “Replacement Owner”) on terms identical, mutatis mutandis, to the terms of the Charter. The Security Trustee (or, as the case may be, the Replacement Owner) shall comply with the provisions
of Article 1.3 (x), (y) and (z) which shall apply for the purposes of this Article 1.7 as if the words “proposed Substitute Owner” have been replaced by the words “proposed Replacement Owner”. 

1.8 No Liability. The Charterer acknowledges and agrees that neither the Security Trustee nor its designees shall have any liability or
obligation under the Charter as a result of this Consent, nor shall the Security Trustee or its designees be obligated or required to (i) perform 

  
 Schedule VII – Page
3 
 Execution version re Hull 1689 

 
any of the Borrower’s obligations under the Charter, except during any period in which the Security Trustee or its designee is a Substitute Owner under the Charter pursuant to Article 1.3 or
a Replacement Owner under the Charter pursuant to Article 1.7, in which case the obligations of such Substitute Owner or Replacement Owner shall be no more onerous than those of the Borrower under the Charter for such period (unless otherwise
expressly agreed by the Borrower and the Security Trustee or the Substitute Owner or the Replacement Owner); or (ii) take any action to collect or enforce any claim for payment assigned under the Finance Documents. 

1.9 Borrower’s Undertaking. The Borrower undertakes to the Charterer that it shall not make any claim against the Vessel and/or
the Charterer arising from any transfer or novation of the Charter to the Security Trustee or any Substitute Owner or from the entry into a new agreement by the Charterer with a Replacement Owner. The Security Trustee acknowledges that delivery by
the Borrower of a notice in writing to the Charterer stating that the Borrower has no claim, and has no intention of making such a claim, against the Vessel and/or the Charterer which may arise from such transfer or novation or from the entry into a
new agreement shall be a condition precedent to the effectiveness of any transfer, novation or new agreement 
 1.10 Delivery of
Notices. The Charterer shall deliver to the Security Trustee and its designees, concurrently with the delivery thereof to the Borrower, a copy of any notice of suspension or termination given by the Charterer to the Borrower under the Charter.

 1.11 Registration of Interest. To the extent permitted by applicable law, the terms of the undertaking contained in Article 1.1
above shall be included in the Mortgage and shall form part of the terms and conditions of the Mortgage. Upon registration of the Mortgage, the Security Trustee agrees to request that the Registrar of Ships for vessels registered on the Ship
Register make a note of such undertaking in the Vessel’s register. 
 ARTICLE 2. - PAYMENTS UNDER THE CHARTER 

The Charterer shall pay all amounts payable by it to the Borrower under the Charter in the manner required by the Charter directly into the
account specified on Exhibit A hereto, or to such other person or account as shall be specified from time to time by the Security Trustee to the Charterer in writing in accordance with Article 4.1. Should the Charterer receive a notice from the
Security Trustee asking the Charterer to make payments to an alternative account in accordance with this Article 2, the Borrower shall pay to the Charterer any net increase in payment costs incurred by the Charterer as a result of making such
payments into such alternative account. 
 ARTICLE 3. - REPRESENTATIONS AND WARRANTIES OF THE CHARTERER 

The Charterer makes the following representations and warranties to the Security Trustee as at the date hereof. 

3.1 Organisation. The Charterer is duly organised and validly existing under the laws of jurisdiction of its incorporation, and has all
requisite corporate power and authority to execute and deliver this Consent and the Charter and perform its obligations thereunder. 

  
 Schedule VII – Page
4 
 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 3.2 Authorisation; No Conflict. The Charterer has duly authorised, executed and
delivered this Consent and the Charter. Neither the execution and delivery of this Consent and the Charter by the Charterer nor its consummation of the transactions contemplated thereby nor its compliance with the terms thereof does or will require
any consent or approval not already obtained, or will conflict with the Charterer’s formation documents or any contract or agreement binding on it. 

3.3 Legality, Validity and Enforceability. Each of this Consent and the Charter is in full force and effect and is a legal, valid and
binding obligation of the Charterer, enforceable against the Charterer in accordance with its terms. The Charter has not been amended, supplemented, suspended, novated, extended, restated or otherwise modified except in accordance with its terms.

 3.4 Governmental Consents. There are no governmental consents existing as of the date of this Consent that are required or will
become required to be obtained by the Charterer in connection with the execution, delivery or performance of this Consent and the Charter and the consummation of the transactions contemplated thereunder, other than those governmental consents which
have been obtained or can be obtained without undue expense or delay. 
 3.5 Litigation. There are no pending or, to the
Charterer’s knowledge, threatened actions, suits, proceedings or investigations of any kind (including arbitration proceedings) to which the Charterer is a party or is subject, or by which it or any of its properties are bound, that if
adversely determined to or against, the Charterer, could reasonably be expected to materially and adversely affect the ability of the Charterer to execute and deliver the Charter and this Consent or to perform its obligations thereunder or
hereunder. 
 ARTICLE 4. - MISCELLANEOUS 

4.1 Notices. All notices or other communications required or permitted to be given hereunder shall be in writing and shall be
considered as properly given (a) if delivered in person, (b) if sent by overnight delivery service or (c) if sent by prepaid telex, or by telecopy with correct answer back received. Notices shall be directed (i) if to the
Charterer or the Borrower, in accordance with the Charter and (ii) if to the Security Trustee, to                     . Notice so given shall be
effective upon receipt by the addressee. Any party hereto may change its address for notice hereunder to any other location by giving no less than *****days notice to the other parties in the manner set forth hereinabove. 

4.2 Further Assurances. The Charterer shall fully cooperate with the Security Trustee and perform all additional acts reasonably
requested by the Security Trustee to effect the purposes of this Consent. 
 4.3 Amendments. This Consent may not be amended,
changed, waived, discharged, terminated or otherwise modified unless such amendment, change, waiver, discharge, termination or modification is in writing and signed by each of the parties hereto. 

4.4 Entire Agreement. This Consent and any agreement, document or instrument attached hereto or referred to herein integrate all the
terms and conditions mentioned herein or incidental hereto and supersede all oral negotiations and prior writings in respect to the subject matter hereof. 

  
 Schedule VII – Page
5 
 Execution version re Hull 1689 

 4.5 Governing Law. This Consent shall be governed by the laws of England. 

4.6 Severability. In case any one or more of the provisions contained in this Consent should be invalid, illegal or unenforceable in
any respect, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby, and the parties hereto shall enter into good faith negotiations to replace the invalid, illegal or unenforceable
provision with a view to obtaining the same commercial effect as this Consent would have had if such provision had been legal, valid and enforceable. 

4.7 Dispute Resolution. Any dispute arising under this Consent shall be decided by the High Court of Justice in London, England to
whose jurisdiction the parties hereby agree. Notwithstanding the foregoing, the parties may jointly agree in writing to have any dispute arising from this Consent referred to or determined by any arbitral tribunal appointed pursuant to Clause 53 of
the Charter. It shall be a condition precedent to the right of any party to a stay of any legal proceedings in which maritime property has been or may be, arrested in connection with a dispute under this Consent, that that party furnishes to the
other party security to which that other party would have been entitled in such legal proceedings in the absence of a stay. 
 4.8
Service of Process. (i) The Charterer hereby appoints Suez Global LNG Ltd., 101 Wigmore Street, third floor, London W1U 1QU (United Kingdom) as its agent for service of any proceedings under this Charter in the High Court of England and
Wales; (ii) the Borrower hereby appoints                      as its agent for service of any proceedings under this Charter in the High Court
of England and Wales; and (iii) the Security Trustee hereby appoints                      as its agent for service of any proceedings under this
Charter in the High Court of England and Wales. 
 4.9 Successors and Assigns. The provisions of this Consent shall be binding upon
and inure to the benefit of the parties hereto and their permitted successors and assigns. 
 4.10 Counterparts. This Consent may be
executed in one or more duplicate counterparts and when signed by all of the parties listed below shall constitute a single binding agreement. 

4.11 Termination. Each party’s obligations hereunder are absolute and unconditional, and no party shall have any right to
terminate this Consent or to be released, relieved or discharged from any obligation or liability hereunder until the earlier of (i) the irrevocable payment in full of all sums owed to the Finance Parties under the Finance Documents followed by
the discharge of the Mortgage; and (ii) any permanent withdrawal of the Vessel from service under, or termination of, the Charter. 

4.12 Contract (Rights of Third Parties) Act 1999. A person who is not a party to this Consent may not enforce any of its terms under
the Contract (Rights of Third Parties) Act 1999. 

  
 Schedule VII – Page
6 
 Execution version re Hull 1689 

 IN WITNESS WHEREOF, the parties have caused this Consent to be duly executed and delivered by its officer
thereunto duly authorised as of the date first above written. 
  

							
	[                                      
  ] [CHARTERER]	 		 		 	
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:
				
	[                                      
  ] [BORROWER]	 		 		 	
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:
				
	[                                      
  ] [SECURITY TRUSTEE]	 		 		 	
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:

  
 Schedule VII – Page
7 
 Execution version re Hull 1689 

 Exhibit A – Payment Instructions 

  
 Schedule VII – Page
8 
 Execution version re Hull 1689 

 SCHEDULE VIII 

TO 
 SRV LNG CARRIER TIME
CHARTER PARTY 
 DATED      MARCH 2007 

FORM OF DEED OF GUARANTEE - OWNER’S GUARANTORS 
  

	1.	This Guarantee is a performance and payment guarantee in accordance with the terms herein. In order to induce SUEZ TRADING LNG SA, a Société Anonyme (the “Charterer”) to enter into
the SRV LNG Carrier Time Charter Party with SRV JOINT GAS LIMITED, a Cayman Islands company (the “Owner”), dated [—] (referred to herein as the “Charter”),
Höegh LNG Ltd. (“Höegh”), having its principal place of business at [—] and Mitsui O.S.K. Lines, Ltd. (“MOL”), having its principal place of business at
[—] (herein together referred to as the “Guarantors” and individually a “Guarantor”) hereby unconditionally and irrevocably, on a joint and several basis (subject
always to the provisions of Clause 2 of this Guarantee), guarantee to the Charterer, its successors and assigns, the due and punctual performance of all of the obligations of the Owner under the Charter when due. 

 

	2.	Notwithstanding the provisions of Clause 1 above as to the joint and several liability of the Guarantors under this Guarantee, the liability of each Guarantor under this Guarantee as to the due and punctual performance
of any and all payment obligations of the Owner under the Charter shall be several, in each case proportionate to its respective beneficial ownership share of the Owner, being 50% for Höegh and 50% for MOL. 

Each payment demand shall be sent to both Guarantors, specifying the full payment due by the Owner under the Charter, and each Guarantor shall
be liable to pay 50% of the requested amount. If for any reason this Guarantee is not enforceable against one of the Guarantors, it remains enforceable against the other Guarantor up to 50% of the requested amount. 

 

	3.	Each Guarantor represents that (a) it is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation and has full corporate power to execute, deliver and perform
this Guarantee; (b) the execution, delivery and performance of the Guarantee have been and remain duly authorized by all necessary corporate action and do not contravene any provision of law or the Guarantor’s constitutional documents or
any contractual restriction binding on the Guarantor or its assets; and (c) this Guarantee constitutes the legal, valid and binding obligation of the Guarantor enforceable against the Guarantor in accordance with its terms, subject, as to
enforcement, to bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting creditor’s rights. 

Each Guarantor hereby waives notice of any amendments, modifications or extensions of the Charter and any other notices whatsoever provided
under the Charter. Furthermore, this Guarantee shall not in any way be affected or prejudiced by: 
  

	 	(a)	any amendment to, renewal or variation or termination of the Charter made with or without notice to or the consent of the Guarantors; 

  
 Schedule VIII – Page
1 
 Execution version re Hull 1689 

	 	(b)	any law, regulation or decree now or hereafter in effect in any jurisdiction which might in any manner affect any terms or provisions of the Charter or which might cause or permit to be invoked any alteration to the
time, amount or manner of performance by the Guarantors or the Owner of any of their obligations, whether or not the Guarantors shall have notice or knowledge of any of the foregoing; or 

 

	 	(c)	any misrepresentation by the Owner or either Guarantor, any lack of power or authority of the Owner to enter into or perform any of the obligations under the Charter or any failure of the Charter to constitute the
legal, valid and binding obligations of the Owner, enforceable in accordance with their terms. 

 Each Guarantor further agrees
that the Charterer and its successors and assigns may pursue, at its election, any remedy or remedies hereunder directly against the Guarantors without first proceeding against the Owner or any other person, or foreclosing on any security for, or
other guarantee of, the performance or payment of the obligations of the Owner. 
 Each Guarantor hereby irrevocably agrees that to the
extent that such Guarantor or any of its assets has or hereafter may acquire any right of immunity related to or arising from the transactions contemplated by this Guarantee, whether characterized as sovereign immunity or otherwise, from any legal
proceedings, to enforce or collect upon this Guarantee or any other liability or obligation of such Guarantor related to or arising from the transactions contemplated by this Guarantee, including, without limitation, immunity from service of
process, immunity from jurisdiction or judgement of any court or tribunal, immunity from execution of a judgement, and immunity of any of its property from attachment prior to any entry of judgement, or from attachment in aid of execution upon a
judgement, each Guarantor hereby expressly and irrevocably waives any such immunity. 
  

	4.	The obligations of the Guarantors hereunder shall not be subject to any counterclaim, set-off, reduction, deferment or defence (other than due performance and payment of the obligations of the Owner under the Charter or
any other defence available to the Owner under the Charter and/or at law). Any claims of the Guarantors or either of them against the Owner, whether arising from payments or performance by the Guarantors hereunder or otherwise, shall be subordinate
to the full and indefeasible payment and performance of the obligations guaranteed hereunder. 

  

	5.	This Guarantee shall not in any way be affected, reduced, limited, impaired, discharged, deferred, suspended, terminated or prejudiced by any change in corporate structure, control or ownership of the Owner or either
Guarantor, by any proceeding, voluntary or involuntary, involving the bankruptcy, insolvency, receivership, reorganization, liquidation or arrangement of either of the Guarantors, the Owner or any other affiliate of either of the Guarantors or other
like procedure, or by any defence either Guarantor, the Owner or any other affiliate of either of the Guarantors may have by reason of the order, decree or decision of any court or administrative body resulting from any such proceeding.

  
 Schedule VIII – Page
2 
 Execution version re Hull 1689 

	6.	No delay or omission by the Charterer in exercising any right hereunder shall operate as a waiver of such right or of any other right hereunder or under the Charter. If any payment of the Owner in respect of the Charter
is rescinded or must otherwise be returned for any reason whatsoever, the Guarantors shall remain liable hereunder as if such payment had not been made. 

Wherever possible, any provision in this Guarantee which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective only to the extent of such prohibition or enforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any one jurisdiction shall not invalidate or render unenforceable such
provision in any other jurisdiction. 
  

	7.	This Guarantee shall be binding on the Guarantors and their successors and assigns, and shall inure to the benefit of the Charterer and its successors and assigns. 

 

	8.	This Guarantee shall be governed by and construed in accordance with the laws of England. The foregoing notwithstanding, a person who is not a party to this Guarantee has no right under the Contracts (Rights of Third
Parties) Act 1999 to enforce any term of this Guarantee. Each Guarantor hereby irrevocably submits to the non-exclusive jurisdiction of the courts of England for purposes of any legal action or proceeding arising out of or in connection with this
Guarantee and waives any objection in such legal action or proceeding that the venue is improper or the forum is inconvenient 

  

	9.	Each Guarantor hereby irrevocably appoints the agent mentioned opposite its name in Schedule 1 hereto to accept service in England of any process on its behalf, except that a Guarantor may terminate such appointment if
prior thereto it delivers to the Charterer in writing the irrevocable appointment of a successor agent in London together with the acceptance of such appointment by the successor agent. 

 

	10.	The address of each Guarantor for the purposes of giving notices hereunder is as follows: 

  

					
	For Höegh:	  		  	
			
	Mail Address:	  	[                    ]	  	
		  	[                    ]	  	
		  	[                    ]	  	
	Office Address:	  	[                    ]	  	
		  	[                    ]	  	
		  	[                    ]	  	
	Fax:	  	[                    ]	  	
	For Attention:	  	[                    ]	  	
			
	For MOL:	  		  	

  
 Schedule VIII – Page
3 
 Execution version re Hull 1689 

					
	Mail Address:	  	[                    ]	  	
		  	[                    ]	  	
		  	[                    ]	  	
	Office Address:	  	[                    ]	  	
		  	[                    ]	  	
		  	[                    ]	  	
	Fax:	  	[                    ]	  	
	For Attention:	  	[                    ]	  	

  

	11.	Except as otherwise defined herein, all capitalized words and expression used in this Guarantee shall have the same meanings as ascribed thereto in the Charter. 

EXECUTED AND DELIVERED as a DEED on this [—] day of [—], 200[—] 

  
 Schedule VIII – Page
4 
 Execution version re Hull 1689 

 EXECUTION PAGE 

 

					
	EXECUTED AND DELIVERED AS A DEED	 	)	  	
	by Höegh LNG Ltd.	 	)	  	
	acting by: [—]	 	)	  	
	expressly authorised in accordance with	 	)	  	
	the laws of [—]	 	)	  	
	by virtue of a power of attorney granted	 	)	  	
	by Höegh LNG Ltd.	 	)	  	
	on [—]	 	)	  	
	such execution being witnessed by:	 	)	  	
	[name of witness]	 	)	  	
			
	Signature of witness:	 		  	
			
	EXECUTED AND DELIVERED AS A DEED	 	)	  	
	by Mitsui O.S.K. Lines, Ltd.	 	)	  	
	acting by: [—]	 	)	  	
	expressly authorised in accordance with	 	)	  	
	the laws of [—]	 	)	  	
	by virtue of a power of attorney granted	 	)	  	
	by Mitsui O.S.K. Lines, Ltd.	 	)	  	
	on [—]	 	)	  	
	such execution being witnessed by:	 	)	  	
	[name of witness]	 	)	  	
			
	Signature of witness:	 		  	

  
 Schedule VIII – Page
5 
 Execution version re Hull 1689 

 Schedule to Deed of Guarantee 

 

			
	Name of Guarantor	  	Name and Address of Agent in England
	Höegh	  	[—]
		  	[—]
		  	For Attention: [—]
		
	Name of Guarantor	  	Name and Address of Agent in England
	MOL	  	[—]
		  	[—]
		  	For Attention: [—]

  
 Schedule VIII – Page
6 
 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 SCHEDULE IX 

TO 
 SRV LNG CARRIER TIME
CHARTER PARTY 
 DATED      MARCH 2007 

Form of Ownership Undertaking 

[Letterhead of Suez SA] 
 SRV Joint Gas Limited

 [address] 
 [Date]

 Dear Sirs 
 Time Charter in respect of one Shuttle
and Regasification Vessel 
 currently having hull no. 1689 at Samsung Heavy Industries Co., Ltd. 

We refer to the time charter (the “Charter”) of even date herewith and entered into between SRV Joint Gas limited (the
“Owner”) and Suez LNG Trading SA (the “Charterer”) relating to the Vessel. 
 Unless the context requires
otherwise, words and expressions defined in the Charter shall have the same meanings when used in this letter. 
 In accordance with Clause 14(e)(ii) of the
Charter, this Ownership Undertaking shall be effective only upon effectiveness of the Charter and waiver or satisfaction of all conditions precedent in Clause 76 of the Charter. 

The Charterer is at the date hereof an indirect wholly-owned subsidiary of Suez SA. 
  

	1.	By this letter, and in satisfaction of, and as a condition to, the Owner entering into the Charter, Suez SA, hereby confirms that, for so long as the Charterer shall be under any obligation (actual or contingent) under
the Charter, if at any time we intend to take, or permit to be taken by any other subsidiary of ours, any action which would result in the Charterer ceasing to be a direct or indirect wholly-owned subsidiary of Suez SA, its successors or assigns, we
will notify the Owner in writing of such intent as well as the name of the party (the “Acquirer”) to whom we intend to transfer, or permit to be transferred, our direct or indirect interest in the Charterer. 

In this letter “wholly-owned subsidiary of Suez SA” shall mean a subsidiary of which Suez SA owns and controls at least 99% of the
voting stock issued and outstanding as of the date hereof. 
  

	2.	 Not later than ***** days following receipt by the Owner of our written notice, the Owner shall notify us in writing as to whether, acting reasonably,
it has determined that any of the three criteria set forth in Part A of the Appendix to this letter apply. If the 

  
 Schedule IX – Page 1

 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
Owner determines that none of the criteria set forth in Part A of the Appendix apply, or if the Owner fails to respond to our notice within said *****-day period, then we shall thereafter be free
to effect such transfer so long as we do so in accordance with our notice to the Owner as originally given. If the Owner, acting reasonably, determines that one or more of the criteria set forth in Part A of the Appendix apply and the Owner so
notifies us in writing within said *****-day period, then such transfer may thereafter be effected only upon satisfaction of one of the following two conditions: 

  

	 	(a)	Suez SA shall procure that the rights and obligations of the Charterer under the Charter and the related documents to which the Charterer is a party are transferred to another direct or indirect wholly-owned subsidiary
of Suez SA (or any of its successors), which has financial substance acceptable to the Owner and its financiers holding Permitted Encumbrances (each acting reasonably); or 

 

	 	(b)	Suez SA shall procure that the conditions set forth in Part B of the Appendix, to the extent same are required by the Owner to be satisfied as indicated in the Owner’s written notice, are fully satisfied.

  

	3.	Provided the Owner’s notice is timely received under the terms of Paragraph 2 above, we undertake to comply or procure compliance with, at our sole discretion, either the Owner’s requirement pursuant to
Paragraph 2(a) above or the conditions referred to in Paragraph 2(b) above, prior to effecting or permitting such a transfer of our direct or indirect interest in the Charterer and undertake that such a transfer shall not otherwise occur.

  

	4.	The effect of any transfer of the rights and obligations of the Charterer under the Charter and the related documents to which the Charterer is a party to another direct or indirect wholly-owned subsidiary of Suez SA
(or any of its successors) shall not cause the Owner to suffer or incur any greater cost in the performance of its obligations under the Charter other than would have been the case but for such transfer. The provisions of this letter shall apply
equally to any direct or indirect wholly-owned subsidiary of Suez SA (or any of successors) to whom such rights and obligations are transferred and references to the “Charterer” shall be construed accordingly. 

 

	5.	This letter shall be governed by and construed in accordance with English law and shall constitute our legally enforceable rights and obligations. 

Please indicate your agreement to the matters set out in this letter by executing the form of acknowledgement set out below. 

 

	
	Yours faithfully
	
	  

	
	 For and on behalf of
 Suez
SA

  
 Schedule IX – Page 2

 Execution version re Hull 1689 

	
	Acknowledged and agreed
	
	  

	
	 For and on behalf of
 SRV Joint Gas
Limited

  
 Schedule IX – Page 3

 Execution version re Hull 1689 

 APPENDIX 

A. Criteria for Imposing Conditions 
  

	1.	The Acquirer or any Affiliated Company of the Acquirer is involved in an actual or threatened legal dispute or arbitration with the Owner or any Affiliated Company of the Owner. For proposes of this Appendix,
“threatened legal dispute or arbitration” means any dispute in respect of which either the Acquirer or any Affiliated Company of the Acquirer has indicated in writing that it intends to issue or commence legal or arbitration proceedings
against the Owner or any Affiliated Company of the Owner. 

  

	2.	It would be unlawful or contrary to applicable sanctions affecting the Owner or any Affiliated Company of the Owner for the Owner to charter to the Charterer as a subsidiary of the Acquirer. 

 

	3.	The Acquirer or a relevant Affiliated Company of the Acquirer has not, in the Owner’s reasonable opinion, the experience and financial substance required to enable the Charterer, under its new ownership or control,
to fulfil the obligations of the Charterer under the Charter. 

 B. Permissible Conditions 

 

	1.	A guarantee (in substantially the same form as the guarantee of the Owner’s guarantor(s)) or other support on terms acceptable to the Owner (acting reasonably) shall be provided for the Charterer’s obligations
and the creditworthiness of the party providing such guarantee or other support shall be satisfactory to the Owner or the Owner’s financiers holding Permitted Encumbrances (each acting reasonably). 

 

	2.	Neither the Acquirer nor any Affiliated Company of the Acquirer is involved in an actual or threatened legal dispute or arbitration with the Owner or any Affiliated Company of the Owner. For purposes of this Appendix,
“threatened legal dispute or arbitration” means any dispute in respect of which either the Acquirer or any Affiliated Company of the Acquirer has indicated in writing that it intends to issue or commence legal or arbitration proceedings
against the Owner or any Affiliated Company of the Owner 

  

	3.	All necessary and appropriate changes, if any, shall be made to comply with any applicable law and/or sanction affecting the Owner that, but for such changes, would make the Owner’s or an Affiliated Company of the
Owner’s charter of the Vessel to a subsidiary of the Acquirer unlawful or contrary to any such sanctions. 

  

	4.	The Acquirer or a relevant Affiliated Company of the Acquirer shall demonstrate to the Owner reasonable satisfaction that it has the experience and financial substance required to enable the Charterer, under its new
ownership or control, to fulfil the obligations of the Charterer under the Charter. 

  
 Schedule IX – Page 4

 Execution version re Hull 1689 

 SCHEDULE X 

SRV LNG CARRIER TIME CHARTER PARTY 

DATED      MARCH 2007 

GAS NOMINATION PROCEDURES 
 This Schedule
X outlines the principles governing Owner’s and Charterer’s notifications and nominations of gas dispatch volumes from the Terminal (which, for proposes of this Schedule X, shall mean the Deepwater Port whenever one or two Vessels are
moored at the Deepwater Port) to the Downstream Systems, as may be amended from time to time to be consistent with industry practice (hereinafter the “Gas Nomination Procedures”). 

A separate document detailing the actual gas nominations procedures for the Terminal shall be agreed based on these principles. 

It is noted that Charterer is solely responsible for the acquisition and/or control of pipeline transportation capacity sufficient to carry out its desired
trade and to accept and transport in the Downstream Systems any and all gas volumes nominated by Charterer for delivery from the Terminal. Such acquisition of pipeline transportation or capacity reservations or other means of securing the take-away
of such nominated gas volumes is solely for the account and risk of Charterer. “Commercial Operations” shall mean representative(s) of Charterer responsible for the overall management and scheduling of the nominated dispatch volumes on the
Downstream Systems and related procedures as outlined in, but not limited to, this Schedule X. 
  

	1.	Yearly nominations protocols: For maintenance planning purposes and to facilitate scheduled maintenance of the Vessel and the Buoy System and Downstream Systems, Owner and Charterer will meet each year to
establish a yearly nomination protocol in order to coordinate and optimize any scheduled maintenance of the Buoy System, Downstream Systems and SRVs that may impact gas nominations. This meeting shall occur not later than August 30 (in
connection with the yearly budget) each year. 

  

	2.	Rolling 1-month and 1-week nominations protocol: Based on the yearly nomination protocol, a rolling 1-month protocol and 1-week protocol shall be established and updated weekly as a tool to plan Vessel movement
and short notice maintenance planning.) 

  

	3.	Vessels: The longest moored Vessel to the Deepwater Port is the “Vessel On Station” and is responsible for the Terminal’s send-out and all communication with Commercial Operations. Commercial
Operations communicates with and sends notices of its Nominated Discharge Rate and Intraday Nominations only to the Charterer’s designated representative (“Charterer’s Representative”) onboard the “Vessel on Station”,
who in turn will relay the Nominated Discharge Rates in written format to the master of the Vessel On Station. Any Vessel that is approaching the Deepwater Port is an “Arriving Vessel” and will remain so also when securely moored to the
Deepwater Port and during discharge of gas if there already is a Vessel On Station. When the Vessel On Station departs the Deepwater Port, the remaining Vessel becomes the Vessel On Station. If no Vessel is at the Deepwater Port, then Commercial
Operations communicates and sends notices to the master of the nearest Arriving Vessel, which when securely moored to the Deepwater Port becomes the Vessel on Station. 

  
 Schedule X – Page 1

 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	4.	Inbound voyage: After departure from a Loading Terminal of a Vessel scheduled to be an Arriving Vessel, the following actions shall be undertaken: 

 

	 	a.	The master of the Arriving Vessel will consult the last rolling, nominations protocols and contact the Vessel On Station to receive the date and time of the anticipated end of the offloading cycle of the Vessel On
Station, and then send Notices of Arrival (NOA) in accordance with the SRV Operations Manual or specific voyage instructions to provide an indication of the Expected Time of Arrival (ETA) at the Deepwater Port and the expected time of notification
of Readiness to Discharge Gas. The specific voyage instructions shall be performed in addition to the SRV Operations Manual and in the event such instructions conflict with a procedure in the SRV Operations Manual, shall supersede the conflicting
procedure in the SRV Operations Manual. 

  

	 	b.	Commercial Operations will, within ***** hours of receiving the first NOA from the Arriving Vessel, respond by providing notification to the Arriving Vessel of the expected discharge profile for the impending offloading
cycle including any currently anticipated periods where a nomination will be submitted requesting a discharge rate in excess of the Normal Performance rate applicable to the Discharge Period as noted in Article 11 of Appendix I to Schedule I.

  

	 	c.	The master of the Arriving Vessel will, within ***** hours of receiving the notification under (b) above, state its readiness to make available vaporization capacity to meet the expected discharge profile.

  

	5.	Updated notifications: Commensurate with the 24 hour ETA notice: 

  

	 	a.	The master of the Arriving Vessel shall notify Commercial Operations in written form of the expected time of Readiness to Discharge Gas (“***** Hour Notice”) and (with such confirmation not affecting
performance requirements under the Charter) confirm the vaporization capability for the impending offloading cycle. 

  

	 	b.	Commercial Operations shall, within ***** hours of receiving the ***** Hour Notice, provide in writing to the Charterer’s Representative onboard the Vessel On Station (if any) and the Arriving Vessel the expected
discharge profile for the impending offloading cycle. 

  

	6.	Arrival: The master of the Arriving Vessel shall provide a written notice to the Neptune Port Director of its Arrival at the Deepwater Port. For purposes of this Schedule X, “Arrival” shall mean the
time when the Arriving Vessel is ***** nautical miles off the Deepwater Port and waiting to be cleared by the Neptune Port Director (having submitted a request for clearance) to enter the safety zone to moor to the Buoy System and prepare to
discharge gas from the Terminal. 

  
 Schedule X – Page 2

 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 Commercial Operations may provide a Nominated Discharge Rate to the Arriving Vessel prior to
the notice of Readiness to Discharge Gas if it is anticipated that it will be able to discharge gas for a Gas Day for which a nomination would normally be made under Clause 5 of this Schedule X. 

 

	7.	Readiness to Discharge: Subsequent to receiving clearance notification from the Neptune Port Director, a written notice of “Readiness to Discharge Gas” shall be given by the master of the Arriving
Vessel to Commercial Operations and the Vessel on Station (if any) upon the earliest occurrence of the following conditions: 

  

	 	a.	The Arriving Vessel is moored and is ready in all respects to discharge gas; OR 

  

	 	b.	The Arriving Vessel has received clearance to enter the Deepwater Port and ***** hours have passed since such notice was given, unless such time is extended by reasons attributable to Charterer, the Neptune Port
Director, governmental or regulatory authorities, or Force Majeure. 

 For purposes of this Schedule X, “Force
Majeure” shall mean any act or event that prevents or delays the Arriving Vessel from being ready in all respects to discharge gas, including any act or event arising in connection with the Downstream Systems that affects the discharge
operations of the Vessel on Station, if and to the extent such act or event is beyond Owner’s reasonable control, not the result of Owner’s fault or negligence, and Owner has been unable to overcome the consequences of such act or event by
the exercise of reasonable efforts. Subject to the satisfaction of the conditions established in the previous sentence, Force Majeure shall include the following acts or events which prevent or delay the Arriving Vessel from being ready in all
respects to discharge gas, including any act or event arising in connection with the Downstream Systems that affects the discharge operations of the Vessel on Station: (i) natural phenomena and acts of God, such as storms, floods, lightning and
earthquakes; (ii) fires; (iii) wars, civil disturbances, riots, insurrections and sabotage; (iv) strikes or other labor disputes that are not due to the breach of a labor contract by Owner or any of its contractors; and
(v) actions of a governmental entity or agency, or national, port or other local authority having jurisdiction over the Vessel or the Buoy System. 
  

	8.	Daily nominations protocol: 

  

	 	a.	Commercial Operations, via the Charterer’s Representative onboard, provides the Vessel On Station (i) a Nominated Discharge Rate (in a form to be agreed) for the next day’s Gas Day (which commences at
10:00 AM Boston local time the following day) and (ii) in the case of a discharge for a partial Gas Day, the hours for which such discharge will take place, in either case by 12:00 PM Boston local time. 

 

	 	b.	 The master of the Vessel On Station shall, within ***** hours of receiving the Nominated Discharge Rate from the Charterer’s Representative,
notify the Charterer’s Representative if the Terminal can meet such Nominated Discharge Rate and the number of hours of send-out remaining at such discharge rate. If the 

  
 Schedule X – Page 3

 Execution version re Hull 1689 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
Terminal is unable to comply with the Nominated Discharge Rate, then the master shall state the reason for the deviation and the volume that the Terminal is able to provide as a discharge rate.

  

	 	c.	With ***** hours of discharge at the Nominated Discharge Rate remaining onboard the Vessel On Station, the Terminal will commence overlap operations if there is an Arriving Vessel moored at or approaching the Deepwater
Port. 

  

	9.	Intraday Nominations: Any nomination that would change the Nominated Discharge Rate that would otherwise be submitted under Paragraph 8 of this Schedule X shall be considered an “Intraday Nomination”.
Intraday Nominations may occur while the Terminal is discharging pursuant to the following: 

  

	 	a.	Commercial Operations shall submit a written Intraday Nomination (in a form to be agreed) to the Vessel on Station via the Charterer’s Representative onboard to communicate changes to the current Nominated
Discharge Rate. 

  

	 	b.	The master of the Vessel on Station shall confirm to the Charterer’s Representative, within ***** hour of receipt of such notice, the intraday changes that the Terminal is able to undertake and the timing of the
implementation of such Intraday Nomination. 

  

	10.	Coordination with the pipeline operator: The Charterer shall be responsible for all downstream pipeline nominations and transportation as required, and will have direct interaction with the pipeline operator
regarding such matters. All required communications to and from the pipeline operator to the Vessel on Station shall be communicated via the Charterer’s Representative to the master of the vessel (provided that in a case of emergency when
Charterer’s Representative is not present or reachable, then the master of the Vessel on Station may make to or receive from the pipeline operator directly necessary communications). 

 

	11.	Interruption of accepted Nominated Discharge Rate. 

  

	 	a.	In the event that the discharge operations of the Terminal are interrupted for a material period for any reason attributable to the actions of the Terminal, the master of the Vessel on Station shall notify the
Charterer’s Representative onboard and such notification shall include all relevant information including (i) the aggregate impact on the discharge of gas for the relevant Gas Day, (ii) the nature of the interruption detailing, if
available, the cause of the interruption, and (iii) the anticipated duration of the interruption if such information is available at the time of the initial notification. 

 

	 	b.	In the event that the Terminal is to curtail operations for unplanned reasons attributable to the instructions of Charterer, Charterer will immediately submit an Intraday Nomination. 

  
 Schedule X – Page 4

 Execution version re Hull 1689 

 SCHEDULE XI 

SRV LNG CARRIER TIME CHARTER PARTY 

DATED      MARCH 2007 

NOTICE UNDER CLAUSE 76 RE LIFTING OF SUBJECTS 

Form of Charterer’s Notice 

[Letterhead of Charterer] 
 SRV Joint Gas Limited

 c/o Höegh LNG AS 
 Drammensveien 134 

P.O. Box 4 Skøyen 
 0121 Oslo, Norway 

Fax no.: +47 21039013 
 Attention: Executive Vice-President 

With a copy to: 
 Mitsui O.S.K. Lines, Ltd. 

1-1, Toranomon 2-Chome, Minato-ku 
 Tokyo 105-8688, Japan 

Fax n.: +81-3-3587-7737 
 Attention: General Manager, LNG Carrier
Division 
 Date [                    ]

 Dear Sirs, 
 SRV LNG Carrier Time Charterparty dated
[                    ] (the “Charter”) 
 We
refer to the Charter between us relating to one 145,000m3 liquefied natural gas (LNG) shuttle and regasification vessel, with Builder’s Hull No. 1689 and hereby notify you pursuant to
Clause 76 of the Charter that we have received all corporate approvals necessary to make the Charter effective. 

  
 Schedule XI – Page 1

 Execution version re Hull 1689 

 We further confirm that the condition precedent under Clause 76 has thereby been satisfied. 

 

	
	Yours faithfully
	
	  

	
	For and on behalf of
	
	Suez LNG Trading SA

  
 Schedule XI – Page 2

 Execution version re Hull 1689 

 Date 20 December 2007 

SRV JOINT GAS LTD 
 - and -

 SUEZ LNG TRADING SA 

- and - 
 SRV JOINT GAS TWO LTD

  
  

NOVATION AGREEMENT 
  

 
 in respect of
Hull No. 1689 
 Watson, Farley &Williams 

London 

 THIS AGREEMENT is made on 20 December 2007: 

BETWEEN: 
  

	1.	SRV JOINT GAS LTD. a company incorporated under the laws of the Cayman Islands (the “Existing Owner”); 

  

	2.	SUEZ LNG TRADING SA, a company incorporated under the laws of Luxembourg (the “Charterer); and 

  

	3.	SRV JOINT GAS TWO LTD, a company incorporated under the laws of the Cayman Islands (the “New Owner”). 

WHEREAS 
  

	(A)	The Existing Owner and the Charterer have entered into a SRV LNG carrier time charterparty dated 20 March 2007 in respect of Hull No. 1689 under construction at Samsung Heavy Industries Co., Ltd.

  

	(B)	The parties have agreed that the said charterparty is to be novated from the Existing Owner to the New Owner on the terms and conditions set out below. 

NOW IT IS HEREBY AGREED as follows: 
  

	1	DEFINITIONS 

  

	1.1	Words and expressions defined in the Charterparty shall have the same meanings when used in this Agreement. 

  

	1.2	In this Agreement: 

 “Charterparty” means the SRV LNG carrier time charterparty first
referred to in recital (A) above. 
 “Effective Time” means the time at which the novation pursuant to this Agreement takes
effect, being the time to be specified in the Effective Time Certificate; 
 “Effective Time Certificate” means the certificate to
be executed by the parties to this Agreement pursuant to clause 2.2 in the form set out in Appendix 1; 
 “Novated Obligations”
means all the obligations expressed to be imposed on the Existing Owner under or in connection with the Charterparty; and 
 “Novated
Rights” means all the rights expressed to be granted to the Existing Owner under or in connection with the Charterparty. 

  
 1 

	2	NOVATION 

  

	2.1	The Existing Owner agrees to novate the Charterparty to the New Owner, and the Charterer consents to such novation, on and with effect from the Effective Time, upon the following terms and conditions: 

 

	(a)	The Existing Owner releases and discharges the Charterer from its obligations to the Existing Owner in respect of the Novated Rights; 

 

	(b)	The Existing Owner is released and discharged from the Novated Obligations; 

  

	(c)	The New Owner shall have the benefit of the Novated Rights to the exclusion of the Existing Owner (and accordingly the Charterer undertakes to perform its obligations in respect of the Novated Rights under the
Charterparty in favour of the New Owner); and 

  

	(d)	The New Owner shall assume the Novated Obligations, 

 such that with effect from the Effective Time the New
Owner shall be substituted in place of the Existing Owner as a party to the Charterparty and the Charterparty shall, on and with an effect from the Effective Time, be construed and treated, and the Charterer shall be bound by the Charterparty, in
all respects as if the New Owner were named therein as “Owner” in place of the Existing Owner. For the avoidance of doubt, the novation of the Novated Rights and the Novated Obligations from the Existing Owner to the New Owner in
accordance with this Agreement shall not operate to affect or diminish, as against the New Owner, the rights which the Charterer had against the Existing Owner immediately prior to the Effective Time and the rights which the Charterer would have had
against the Existing Owner but for the occurrence of the Effective Time 
  

	2.2	The parties agree to execute the Effective Time Certificate promptly upon each of them having received the applicable following documents or evidence satisfactory to it: 

 

	(a)	the Charterer has received evidence that the Shipbuilding Contract has been novated from the Existing Owner to the New Owner; 

  

	(b)	the Charterer has received an Owner’s Guarantee from the Owner’s Guarantors covering the obligations of the New Owner under the Charterparty as novated, in replacement for the existing Owner’s Guarantee;

  

	(c)	the Charterer has received a new tripartite agreement executed by the Builder, the Existing Owner, the Charterer, Neptune LNG LLC and the New Owner in replacement for the existing tripartite agreements dated
7 April 2006 executed by the Builder, Neptune LNG LLC and the Existing Owner; 

  

	(d)	the New Owner has received a comfort letter from Suez SA, in replacement for the existing comfort letter issued by Suez SA in favour of the Existing Owner; 

  
 2 

	(e)	the New Owner has received an ownership undertaking from Suez SA in respect of the Charterer, in replacement for the existing ownership undertaking issued by Suez SA in favour of the Existing Owner; 

 

	(f)	the New Owner has received an information sharing letter from the Charterer, in replacement for the existing information sharing letter issued by the Charterer in favour of the Existing Owner; and 

 

	(g)	the Existing Owner and the Charterer, respectively, receive evidence satisfactory to them that the obligations of the Existing Owner and the Owner’s Guarantors (in the case of the Existing Owner) and of the
Charterer and Suez SA (in the case of the Charterer) under the documents referred to above which are to be replaced have been duly released by the beneficiary of those obligations. 

 

	2.3	The new documents referred to in clauses 2.2(a), (b), (c), (d), (e) and (f) shall be in the same form as the documents which they replace with only consequential amendments to reflect the novation of the
Charterparty from the Existing Owner to the New Owner. 

  

	3	AMENDMENTS TO THE CHARTERPARTY 

  

	3.1	On and with effect from the Effective Time, the Charterparty shall be read and construed in all respects as if: 

  

	(a)	references therein to the Existing Owner as “Owner” were references to the New Owner; 

  

	(b)	references therein to “this Charter”, “herein”, “hereof” or any similar expressions were references to the Charterparty as novated and amended by this Agreement; and 

 

	(c)	there were deleted from Clause 14(c)(ii) the words “and each of the other SRVs under charter to, or to be chartered by, Charterer from Owner (the “SRV Fleet”) and those relating to the SRV Fleet”.

  

	4	REPRESENTATIONS AND WARRANTIES 

  

	4.1	Each party represents and warrants to the other that it has legal capacity to enter into this Agreement and that this Agreement has been duly executed by it and constitutes its legally valid and binding obligations.

  

	5	FURTHER ASSURANCES 

  

	5.1	Each party shall execute such documents and take such action as any other party shall reasonably request as being necessary to implement the transactions and matters contemplated by this Agreement. 

 

	6	COSTS 

  

	6.1	Each party shall bear its own costs in connection with the negotiation, preparation, execution and implementation of this Agreement. 

  
 3 

	7	COUNTERPARTS 

  

	7.1	This Agreement may be executed in several counterparts and any single counterpart or set of counterparts signed, is either case, by all of the parties thereto shall be deemed in be an original, and all counterparts when
taken together shall constitute one and the same instrument. 

  

	8	GOVERNING LAW 

  

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

 IN WITNESS WHEREOF this
Agreement has been executed by the parties the day and year first above written. 
  

									
	SIGNED by	 		 	)	 	
	VIVIEN SIMKINS	 		 	)	 	
	For and on behalf of	 		 	)	 	
	SRV JOINT GAS LTD	 		 	)	 	
	in the presence of:	 		 	)	 	 /s/ VIVIEN SIMKINS

		 		 		 		 	Attorney-in-fact
		 	Penny Carter	 		 		 	
		 	Solicitor	 		 		 	
		 	London, EC2A 2HB	 		 		 	 /s/ PENNY CARTER

				
	SIGNED by	 		 	)	 	
		 		 		 	)	 	
	For and on behalf of	 		 	)	 	
	SRV LNG TRADING SA	 		 	)	 	
	in the presence of: HAKEM BENKATBACH	 		 	)	 	 /s/ IGNACE BRAECKMAN

		 	 /s/ HAKEM BENKATBACH
	 		 		 	Ignace Braeckman
		 		 		 		 	Managing Director
				
	SIGNED by	 		 	)	 	 /s/ JAN BRACKENIER

		 		 		 	)	 	Jan Brackenier
	For and on behalf of	 		 	)	 	Director
	SRV JOINT GAS TWO LTD	 		 	)	 	
	in the presence of:	 		 	)	 	

  
 4 

									
	SIGNED by	 		 	)	 	
		 		 		 	)	 	
	For and on behalf of	 		 	)	 	
	SUEZ LNG TRADING SA	 		 	)	 	
	in the presence of:	 		 	)	 	
				
	SIGNED by	 		 	)	 	
	VIVIEN SIMKINS	 		 	)	 	
	For and on behalf of	 		 	)	 	
	SRV JOINT GAS TWO LTD	 		 	)	 	
	in the presence of:	 		 	)	 	 /s/ VIVIEN SIMKINS

		 		 		 		 	Attorney-in-fact
		 	 /s/ YUMIN KIM
	 		 		 	
		 	Yumin Kim	 		 		 	
		 	Trainee Solicitor	 		 		 	
		 	London EC2A 2HB	 		 		 	

  
 5 

 APPENDIX 1 

FORM OF EFFECTIVE TIME CERTIFICATE 

Reference is made to the Novation Agreement dated [—] 2007 entered into among the
signatories to this certificate (which is the Effective Time Certificate referred to in the said Novation Agreement). 
 It is hereby confirmed that the
Effective Time is             m (London time) on [—] 2007. 

 

	
	  

	for and behalf of
	SRV JOINT GAS LTD
	
	  

	for end behalf of
	SUEZ LNG TRADING SA
	
	  

	for and behalf of
	SRV JOINT GAS TWO LTD

  
 6 

 Date 25 March 2010 

GDF SUEZ LNG TRADING SA 
 -
and - 
 GDF SUEZ GLOBAL LNG SUPPLY SA 

- and - 
 SRV JOINT GAS TWO LTD

  
  

NOVATION AGREEMENT 
  

 
 in respect of
Hull No. 1689 

 THIS AGREEMENT is made on 25 March 2010 

BETWEEN: 
  

	(1)	GDF SUEZ LNG TRADING SA, (formerly called Suez LNG Trading SA) a company incorporated under the laws of Luxembourg having its registered office at 76 avenue de la Liberté, L-1930 Luxembourg and registered
with the Luxembourg trade and companies register under number B85242 (the “Existing Charterer”); 

  

	(2)	SRV JOINT GAS TWO LTD, a company incorporated under the laws of the Cayman Islands (the “Owner”); and 

  

	(3)	GDF SUEZ GLOBAL LNG SUPPLY SA, a company incorporated under the laws of Luxembourg having its registered office at 76 avenue de la Liberté, L-1930 Luxembourg and registered with the Luxembourg trade and
companies register under number B147797 (the “New Charterer”). 

 WHEREAS: 

 

	(A)	The Existing Charterer and the Owner have (by previous novation to the Owner) entered into a SRV LNG carrier time charterparty dated 20 March 2007 in respect of Hull No. 1689 under construction at Samsung
Heavy Industries Co., Ltd. 

  

	(B)	The parties have agreed that the said charterparty is to be novated from the Existing Charterer to the New Charterer on the terms and conditions set out below. 

NOW IT IS HEREBY AGREED as follows: 
  

	1	DEFINITIONS 

  

	1.1	Words and expressions defined in the Charterparty shall have the same meanings when used in this Agreement. 

  

	1.2	In this Agreement: 

 “Charterparty” means SRV LNG carrier time charterparty
first referred to in recital (A) above; 
 “Effective Time” means the time at which the novation pursuant to this Agreement
takes effect, being the time to be specified in the Effective Time Certificate; 
 “Effective Time Certificate” means the
certificate to be executed by the parties to this Agreement and by the Lenders’ Agent pursuant to Clause 2.2 in the form set out in Appendix 1; 

“Lenders’ Agent” means DnB NOR Bank A.S.A.; 

“Novated Obligations” means all the obligations expressed to be imposed on the Existing Charterer under or in connection with
the Charterparty; and 
 “Novated Rights” means all the rights expressed to be granted to the Existing Charterer under or in
connection with the Charterparty. 

  
 1 

	2	NOVATION 

  

	2.1	The Existing Charterer agrees to novate the Charterparty to the New Charterer, and the Owner consents to such novation, on and with effect from the Effective Time, upon the following terms and conditions:

  

	 	(a)	the Existing Charterer releases and discharges the Owner from its obligations to the Existing Charterer in respect of the Novated Rights; 

 

	 	(b)	the Existing Charterer is released and discharged from the Novated Obligations; 

  

	 	(c)	the New Charterer shall have the benefit of the Novated Rights to the exclusion of the Existing Charterer (and accordingly the Owner undertakes to perform its obligations in respect of the Novated Rights under the
Charterparty in favour of the New Charterer); and 

  

	 	(d)	the New Charterer shall assume the Novated Obligations, 

 such that with effect from the
Effective Time the New Charterer shall be substituted in place of the Existing Charterer as a party to the Charterparty and the Charterparty shall, on and with effect from the Effective Time, be construed and treated, and the Owner shall be bound by
the Charterparty, in all respects as if the New Charterer were named therein as “Charterer” in place of the Existing Charterer. For the avoidance of doubt, the novation of the Novated Rights and the Novated Obligations from the Existing
Charterer to the New Charterer in accordance with this Agreement shall not operate to affect or diminish, as against the New Charterer, the rights which the Owner had against the Existing Charterer immediately prior to the Effective Time and the
rights which the Owner would have had against the Existing Charterer but for the occurrence of the Effective Time. 
  

	2.2	The parties agree to execute the Effective Time Certificate (and, the Owner agrees to procure the execution by the Lenders’ Agent of the Effective Time Certificate) promptly upon each of the parties having received
the applicable following documents or evidence satisfactory to it: 

  

	 	(a)	the New Charterer has received an Owner’s Guarantee from the Owner’s Guarantors covering the obligations of the Owner under the Charterparty as novated, in replacement for the existing Owner’s Guarantee;

  

	 	(b)	the Charterer has received a new tripartite agreement executed by the Builder, the Existing Owner, the Charterer, Neptune LNG LLC and the New Owner in replacement for the existing tripartite agreements dated
20 December 2007 executed by the Builder, Neptune LNG LLC and the Existing Owner; 

  
 2 

	 	(c)	the Owner has received a comfort letter from GDF Suez SA, in replacement for the existing comfort letter issued by GDF Suez SA in favour of the Owner; 

 

	 	(d)	the Owner has received an ownership undertaking from GDF Suez SA in respect of the New Charterer, in replacement for the existing ownership undertaking issued by GDF Suez SA in favour of the Existing Charterer;

  

	 	(e)	the Owner has received an information sharing letter from the New Charterer, in replacement for the existing information sharing letter issued by the Existing Charterer in favour of the Owner; 

 

	 	(f)	the Existing Charterer and the Owner, respectively, receive evidence satisfactory to them that the obligations of the Owner and the Owner’s Guarantors (in the case of the New Charterer) and of the New Charterer and
GDF Suez SA (in the case of the Owner) under the documents referred to above which are to be replaced have been duly released by the beneficiary of those obligations; 

 

	 	(g)	a new consent and agreement has been executed by the Owner, the New Charterer and the Lenders’ Agent in replacement for the existing consent and agreement executed by the Owner, the Existing Charterer and the
Lenders’ Agent; 

  

	 	(h)	the Lenders’ Agent has received: 

  

	 	(i)	an amendment to the facility agreement between the Owner and the Lenders’ Agent and a new security assignment executed by the Owner in favour of the Lenders’ Agent, together with supporting corporate
authorities and a favourable legal opinion on Cayman Islands law (which amendment and new security assignment the Owner undertakes to execute promptly after execution of this Agreement); and 

 

	 	(ii)	a favourable legal opinion on Luxemburg law in relation to the execution by the New Charterer and the Existing Charterer of the new consent and agreement referred to in Clause 2.2(g). 

 

	 	(i)	evidence satisfactory to each party, acting reasonably, of the due authorisation and execution by the other party (and other relevant parties) of the documents referred to in Clauses 2.2(a), (b), (c), (d), (e),
(f) and (g). 

  

	2.3	The new documents referred to in Clauses 2.2(a), (b), (c), (d), (e), (g) and (i) shall be in the same form as the documents which they replace with only consequential amendments to reflect the novation of the
Charterparty from the Existing Charterer to the New Charterer. 

  
 3 

	3	AMENDMENTS TO THE CHARTERPARTY 

  

	3.1	On and with effect from the Effective Time, the Charterparty shall be read and construed in all respects as if: 

  

	 	(a)	references therein to the Existing Charterer as “Charterer” were references to the New Charterer; 

  

	 	(b)	references therein to “this Charter”, “herein”, “hereof” or any similar expressions were references to the Charterparty as novated and amended by this Agreement; and 

 

	4	REPRESENTATIONS AND WARRANTIES 

  

	4.1	Each party represents and warrants to the other that it has legal capacity to enter into this Agreement and that this Agreement has been duly executed by it and constitutes its legally valid and binding obligations.

  

	5	FURTHER ASSURANCES 

  

	5.1	Each party shall execute such documents and take such action as any other party shall reasonably request as being necessary to implement the transactions and matters contemplated by this Agreement. 

 

	6	COSTS 

  

	6.1	Each party shall bear its own costs in connection with the negotiation, preparation, execution and implementation of this Agreement. 

 

	7	THIRD PARTY RIGHTS 

  

	7.1	Subject as referred to below, no person who is not a party to this Agreement shall have any rights under it by reason of the Contracts (Rights of Third Parties) Act 1999. However, it is agreed for the benefit of the
Lenders’ Agent that the novation of the Charterparty by the Existing Charterer to the New Charterer by this Agreement shall not take effect unless the Lenders’ Agent has executed the Effective Time Certificate in accordance with Clause 2.2
and that the terms of this Agreement cannot be waived, varied 

  

	8	COUNTERPARTS 

  

	8.1	This Agreement may be executed in several counterparts and any single counterpart or set of counterparts signed, in either case, by all of the parties thereto shall be deemed to be an original, and all counterparts when
taken together shall constitute one and the same instrument. 

  

	9	GOVERNING LAW AND ARBITRATION 

  

	9.1	This Agreement, and all non-contractual obligations arising out of this Agreement, shall be governed by, and construed in accordance with, English law. 

 

	9.2	The arbitration provisions of clause 53 of the Charterparty shall apply to any dispute arising out of this Agreement. 

  
 4 

 IN WITNESS WHEREOF this Agreement has been executed by the parties the day and year first above written.

  

							
	SIGNED by	 	)	 	/s/ JEAN-CHARLES PAPEIANI
	Jean-Charles Papeiani	 	)	 	
	for and on behalf of	 	)	 	
	GDF SUEZ LNG TRADING SA	 	)	 	
	in the presence of:	 	)	 	
	DN Osborne	 		 	
	London EC2A 2HB	 		 	
			
	SIGNED by	 	)	 	/s/ MATTHEW LEIGH
	Matthew Leigh	 	)	 	Matthew Leigh,
	for and on behalf of	 	)	 	Attorney-in-fact
	SRV JOINT GAS TWO LTD	 	)	 	
	in the presence of	 	)	 	
	Martin Scholter            /s/ MARTIN SCHOLTER	 		 	
	15 Appold Street	 		 	
	London EC2A 2HB	 		 	
			
	SIGNED by	 	)	 	/s/ KEVIN KIRBY
	Kevin Kirby	 	)	 	Kevin Kirby
	for and on behalf of	 	)	 	Managing Director
	GDF SUEZ GLOBAL LNG SUPPLY SA	 	)	 	
	in the presence of:	 	)	 	
	/s/ MATTHEW LEIGH	 		 	
	Matthew Leigh	 		 	
	Solicitor	 		 	
	London EC2A 2HB	 		 	

  
 5 

 APPENDIX 1 

FORM OF EFFECTIVE TIME CERTIFICATE 

Reference is made to the Novation Agreement dated [—] 2010 (which is the Effective Time Certificate
referred to in the said Novation Agreement). 
 It is hereby confirmed that the Effective Time is
            m (London time) on [—] 2010. 
  

	
	  

	for and on behalf of
	SRV JOINT GAS TWO LTD
	
	  

	for and on behalf of
	GDF SUEZ LNG TRADING SA
	
	  

	for and on behalf of
	GDF SUEZ GLOBAL LNG SUPPLY SA
	
	  

	for and on behalf of
	DnB NOR BANK A.S.A.

  
 6 

 AMENDMENT NO. 1 

Dated 20 June 2012 

to 
 SRV LNG CARRIER

 TIME CHARTERPARTY 

(HULL 1689 / GDF SUEZ CAPE ANN) 

between 
 SRV JOINT GAS TWO
LTD. 
 and 
 GDF SUEZ LNG
SUPPLY SA 
 (ex GDF SUEZ GLOBAL LNG SUPPLY SA) 

dated 20 March 2007 

 This amendment (the “Amendment No. 1”) to the Charter (as defined in Recital A below) is
made on this 20th day of June 2012, and forms an integral part of the Charter. 
 BY AND BETWEEN: 

 

	(i)	SRV Joint Gas Two Ltd., a company incorporated and existing under the laws of Cayman Island (the “Owner”); and 

 

	(ii)	GDF Suez LNG Supply SA (ex GDF Suez Global LNG Supply SA), a corporation organized and existing under the laws of Luxembourg (the “Charterer”); 

(each a “Party” and together the “Parties”). 

WHEREAS 
  

	(A)	The Owner and the Charterer have entered into an SRV LNG Carrier Time Charterparty dated 20 March 2007, as novated and/or amended from time to time, (the “Charter”), whereby the Owner has agreed to
let and the Charterer has agreed to hire the use and service of a Shuttle and Regasification Vessel being built by Samsung Heavy Industries Co. Ltd. (Hull no. 1689) (the “Vessel”); 

 

	(B)	The Parties have agreed to make certain amendments to the Charter as set out below. 

 NOW THEREFORE the
Parties agree as follows: 
  

	1.	Definitions and Interpretation 

  

	 	(a)	In this Amendment No. 1 “Effective Date” means the later of date on which this Amendment No. 1 has been signed by both Parties and the date on which the consent of the Owner’s
financiers’ is given, as required by the terms of the Owner’s financing documents (and the Owner shall promptly confirm to the Charterer on such consent being given). Unless otherwise expressly provided or unless the context otherwise
requires, words and expressions shall have the meanings given to them in the Charter. 

  

	 	(b)	References in this Amendment No. 1 to Clauses are, unless otherwise specified, references to clauses of this Amendment No. 1. 

 

	 	(c)	Clause headings are for ease of reference only. 

  

	2.	Effectiveness of Amendment No. 1 and amendment of the Charter 

  

	 	(a)	This Amendment No. 1 shall take effect in all respects on and from the Effective Date. 

  
 2 

	 	(b)	The Parties specifically agree that the terms of the Charter shall continue to apply, provided that this Amendment No. 1 shall be deemed to form an integral part of, and shall be read as one with, the Charter, and
that, with effect from the Effective Date, the terms and conditions contained in this Amendment No. 1, to the extent set out in Clause 3 below, shall amend and/or replace, as the case may be, the terms of the Charter. 

 

	 	(c)	The Parties further agree that, save as amended by the provisions of this Amendment No. 1 as provided for in Sub-clause 2(b) above, all other provisions of the Charter, including in particular, the Schedules
thereto, shall remain in full force and effect save that, with effect from the Effective Date: 

  

	 	(i)	Schedule I to the Charter (Main Particulars of Vessel/Gas Form C), including Appendix I (Vessel Performance Standards) to Schedule I, shall be amended and replaced; 

 

	 	(ii)	Schedule III to the Charter (Hire Rate and Adjustments) shall be amended and (in the case of Attachment 3 to that Schedule) replaced; and 

 

	 	(iii)	Schedule IV to the Charter (Insurance) shall be amended, 

 each as provided for in, and
in accordance with, Clause 4 below. 
  

	3.	Amendments to the Charter 

 The Parties hereby agree that: 

 

	 	(a)	The name of the “Charterer” whenever it appears in the Charter shall be, and is hereby amended, from “Suez LNG Trading SA” to “GDF Suez LNG Supply SA”.

  

	 	(b)	Paragraph b) of Clause 5 of the Charter shall be amended by deleting the words from “Except when insurance can be obtained in relation to such transfer operations or unless mutually agreed [...]”
until “to the actual fault or privity of Owner”. 

  

	 	(c)	A new paragraph (d) shall be inserted in Clause 5 of the Charter as follows: 

 “d)

 (i) Charterer shall have the option to transfer cargo by Ship-To-Ship transfer between the Vessel and another standard LNG/c or
regasification vessel, (each of the two vessels involved in the transfer being an “Approved Vessel”), subject to following terms and conditions: 

“STS Transfer” shall mean the transfer of the cargo of the Vessel either to or from an Approved Vessel moored alongside the
Vessel; 

  
 3 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 “STS Equipment” shall mean the equipment necessary, including without
limitation, all hoses and an adequate fendering system, to perform the STS Transfer; 
 “Storage Place” shall mean either an
Approved Vessel or a safe place for storage of the Equipment designated by Charterers; 
 (ii) The STS Transfer shall be carried out
subject to Owner’s consent, such consent not to be unreasonably withheld or delayed providing a risk assessment has been carried out to the reasonable satisfaction of Owners and Charterers. 

(iii) The STS Transfer shall be carried out at Charterer’s risk, cost and expense and Charterers shall provide a safe area for the
conduct of the STS Transfer where the Vessel can safely proceed to, lie and depart from, always afloat but always subject to the Master’s approval. 

(iv) Owner shall have the right to inspect the intended receiving or delivery vessel(s). In the event that Owner conduct a physical
inspection of the intended receiving vessel(s) prior to giving approval, any reasonable delays, costs or expenses resulting from such inspection shall be for Charterer’s account; 

(v) Unless otherwise agreed, Owner is not responsible for the provision, maintenance, repair or transportation of the STS Equipment.
Charterer agrees to make arrangements in respect thereof with the owner; 
 (vi) All time used in STS Transfer or preparation for STS
Transfer, whether or not they are discontinued, shall count as time on hire, including time lost as a result of transportation or delays in transportation of or loss of or damage to the STS Equipment or Vessel for any reason whatsoever, and all time
used for repair of STS Equipment or the Vessel caused by STS operations. The performance warranties contained in Clause 27 shall not apply in the case of such Ship-to-Ship operations; 

(vii) Prior Notice: Charterers shall give Owners at least ***** working days prior notice in writing of their intention to carry out such
STS operation. 
 (viii) Authorities: Charterers shall obtain any and all relevant permissions from proper authorities to perform STS
Transfer and all expenses, including any taxes, in this connection shall be for Charterers’ account. 
 (ix) Any STS Transfer
shall be carried out in conformity with the provisions of the latest published edition of the SIGTTO Ship-to-Ship Transfer Guide (Liquefied Natural Gas), if and when adopted and as amended from time to time, but always at the discretion of the
Vessel’s Master and if the Master, at any time, considers that the STS Transfer is or may become unsafe, then he may order them to be discontinued. If the Owners are obliged to extend their existing insurance policies to cover STS Transfer or
incur any other additional cost/expense, the Charterers shall reimburse the Owners for any additional premium or cost/expense incurred. 

(x) Owner shall not be liable for damage sustained to the vessel receiving the transfer or delivering the transfer unless such damage was
caused by the Owner’s gross negligence.” 

  
 4 

	 	(d)	Paragraph(n) of Clause 10 of the Charter shall be, and is hereby amended, by correcting the reference to “paragraph 1.1(f) of Schedule III” in the last sentence of Clause 10(n) to read
“paragraph 1.1(e) of Schedule III” such that the last sentence of Clause 10(n) reads as follows: 

“Unless otherwise agreed, the Fixed Element shall be adjusted in accordance with paragraph 1.1(e) of Schedule III by the amount of all
cost incurred, or (as the case may be) all savings realised, by Owner as a result of such change orders.”. 
  

	 	(e)	Clause 27(a)(iii) of the Charter shall be, and is hereby amended, by replacing “0,15%” with “0,16%” so that clause 27(a)(iii) reads as follows: 

“a maximum average daily boil-off of no more than 0,16% of the Vessel’s total cargo capacity measured on a laden voyage basis and
no more than 0,10% of the Vessel’ total cargo capacity measured on a ballast voyage basis; and” 
  

	 	(f)	Clause 60(a) (Notices) of the Charter shall be, and is hereby amended, so that the addresses and other contact details appearing read as follows: 

“Notice to Charterer: 

GDF SUEZ LNG SUPPLY SA 

65 avenue de la Gare 

L-1611 Luxembourg 

Grand Duché de Luxembourg 

Tel: +352 26 48 43 25 

Fax: +352 26 48 43 13 

Attn: Managing Director 

With a copy to: 
 GDF
SUEZ SA 
 1 place Samuel de Champlain 

Faubourg de L’Arche 

92930 Paris La Défense Cedex 

Facsimile: +33 1 56 65 46 87 

Phone: +33 1 56 65 45 81 

Attn: Executive Vice-President Shipping 

Notice to Owner: 
 SRV
Joint Gas Two Ltd. 
 c/o Höegh LNG AS 

  
 5 

 
Drammensveien 134 
 P.O. Box 4 Skøyen 

0212 Oslo, Norway 

Fax: +47 97 55 74 01 

Attn: Chief Operating Officer 

Email: operation@hoeghlng.com  

With a copy to: 

Mitsui O.S.K. Lines, Ltd. 

1-1, Toranomon 2-Chome, Minato-ku 

Tokyo 105-8688, Japan 

Fax: +81-3-3587-7737 

Attn: General Manager, LNG Carrier Division 

Email: lgcmo@mail.mol.co.jp”. 
  

	 	(g)	Clause 74(b) (Safety Management) of the Charter shall be, and is hereby amended, by replacing the word “monthly” with the word “quarterly” so that clause 74(b) reads as follows: 

“Owner shall submit to Charterer a quarterly written report detailing all accidents/incidents (including casualties suffered by her
crew and any other personnel on board) and environmental reporting requirements, and in regard to maintenance of and repairs to the Vessel”. 
  

	4.	Amendments to/Replacements of Schedules to the Charter 

 The Parties hereby agree that: 

 

	 	(a)	Schedule 1 to the Charter shall be replaced by the “Main Particulars of Vessel/Updated Gas Form C” attached hereto as Schedule 1. For the avoidance of doubt, Appendix I to Schedule 1 (Vessel
Performance Standards) to the Charter shall remain unchanged. 

  

	 	(b)	Paragraph 11(b) of Appendix 1 to Schedule 1 to the Charter (Adjustment of Normal Performance) shall be, and is hereby amended, so that Paragraph 11(b) of Appendix 1 to Schedule 1 read as follows: 

“Upon the Vessel’s Actual Discharge Rate being higher than 250 mmscf/day during continuous regasification of LNG and discharge of
gas over a 24 (twenty-four) hour period, such Actual Discharge Rate shall immediately replace the current Normal Performance of 250 mmscf/day and be formalised by signature of an addendum to the Charter 

From that time on, in each case where the Actual Discharge Rate is higher than then-current Normal Performance during continuous
regasification of LNG and discharge of gas over a twenty-four (24) hour period without any unplanned shutdown in the twenty four (24) hour period, the Actual Discharge Rate shall 

  
 6 

 
immediately replace the then-current Normal Performance until subsequently re-adjusted, but such adjustment shall at all times not exceed 450 mmscf/day or
600 mmscf/day, depending on the month during which a discharge is taking place as set out in paragraph 11 c) below.” 
  

	 	(c)	Paragraph 1.2(a) of Schedule III (Hire Rate and Adjustments) to the Charter shall be amended by adding the words “and excluding also the extra cost associated with the US crew requirement” after
the words “but excluding regular drydocking” such that the second sentence reads as follows: 

 “The
operating costs, subject to annual approval by Charterer, shall be included in the Hire Rate on a cost-pass-through basis including general maintenance work (but excluding regular drydocking and excluding also the extra cost associated with the US
crew requirement).” 
 and shall further be amended so that the last sentence of paragraph 1.2 (a) reads as follows: 

“Regular drydocking and the extra cost associated with the US crew requirement, whilst also paid by Charterer on a pass-through basis,
shall not be included in the Hire Rate but shall be invoiced separately in accordance with paragraph 1.2(e).” 
  

	 	(d)	Paragraph 1.2(b) of Schedule III (Hire Rate and Adjustments) to the Charter shall be amended by replacing the words “August 30” in the sentence reading “Thereafter, not later than
August 30 of each subsequent calendar year during the Term, Owner and Charterer shall meet for the purposes of establishing such estimated costs with respect to that year” with the words “October 15” such that the
aforementioned sentence reads as follows: 

 “Thereafter, not later than October 15 of each subsequent calendar
year during the Term, Owner and Charterer shall meet for the purposes of establishing such estimated costs with respect to that year.” 
  

	 	(e)	Paragraph 1.2(c)(ii) of Schedule III (Hire Rate and Adjustments) to the Charter shall be amended by: 

  

	 	(i)	adding the words “(except the extra cost associated with the US crew requirement to which paragraph 1.2(e) shall apply)” after the words “the manning component of the Variable Element in paragraph
1.2”; 

  

	 	(ii)	replacing the words “a complement of fifteen (15) European and/or American officers and fourteen (14) European, American and/or Filipino crew” with the words “a complement of thirteen
(13) European and/or American officers and fifteen (15) European, American and/or Filipino crew”; and 

  

	 	(iii)	replacing the words “Total Crew: twenty-nine (29) (excluding cadets)” with the words “Total Crew: twenty-eight (28) (excluding trainees and cadets)”. 

  
 7 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	(f)	Paragraph 1.2(c)(iii) of Schedule III (Hire Rate and Adjustments) to the Charter shall be deleted and replaced in its entirety by the following paragraph :: 

“Insurance - which shall cover all net insurance premiums paid with respect to the Vessel for Reimbursable Insurances and any other
insurance requested by Charterer pursuant to Schedule IV (save for any extra premium incurred as a result of conditions of use not ordinarily covered by any insurer, club or association or as a result of trading in a war risk area in accordance with
Clause 37 of the Charter, which shall be invoiced to Charterer pursuant to paragraph 6 of Schedule IV and shall not be included in the Variable Element of hire)”. 
  

	 	(g)	A new paragraph 1.2(e) of Schedule III (Hire Rate and Adjustments) to the Charter shall be inserted to read as follows: 

“The extra cost, if any, associated with the US crew requirement shall be invoiced to Charterer at the end of each calendar quarter for
that calendar quarter (or part thereof) and such cost shall be paid by Charterer no later than ***** days after receipt of each invoice (and each such amount due from Charterer may include interest (at LIBOR) from the time such costs are actually
incurred by Owner to the time such costs are reimbursed by Charterer)”. 
  

	 	(h)	Paragraph 2.4(c) of Schedule III to the Charter shall be amended by replacing the words “within ***** days of the completion of the applicable audit” with the words “within ***** days of the
completion of the applicable audit”. 

  

	 	(i)	Attachment 3 to Schedule III to the Charter shall be replaced by the updated “Depot spare part list” as set out in the updated Attachment 3 to Schedule III to the Charter set forth in Schedule 2 hereto.

  

	 	(j)	Paragraph 6 of Schedule IV (Insurance) to the Charter shall be amended by adding the words “save for any extra premium incurred as a result of conditions of use not ordinarily covered by any insurer, club
or association or as a result of trading in a war risk area in accordance with Clause 37 of the Charter, which shall be invoiced to Charterer on a pass-through basis upon such extra premium being incurred by Owner (and such amount due from Charterer
may include interest (at LIBOR) from the time such extra premiums are actually incurred by Owner to the time such extra premiums are reimbursed by Charterer)” after the words “(i.e. part of the Insurance category under the Variable
Element)” such that that sentence reads as follows: 

 “Reimbursable Insurances shall be the insurance
for which Owner is reimbursed as provided in Schedule III of the Charter (i.e. part of the Insurance category under the Variable Element) save for any extra premium incurred as a result of conditions of use not ordinarily covered by any insurer,
club or association or as 

  
 8 

 
a result of trading in a war risk area in accordance with Clause 37 of the Charter, which shall be invoiced to Charterer on a pass-through basis upon such extra premium being incurred by Owner
(and such amount due from Charterer may include interest (at LIBOR) from the time such extra premiums are actually incurred by Owner to the time such extra premiums are reimbursed by Charterer).” 

 

	 	(k)	Paragraph 12 of Schedule IV (Insurance) to the Charter shall be amended by inserting the words “with Charterer’s prior consent” after the words “At least annually during the Term,
Owner shall deliver to Charterer”. 

  

	5.	Law 

 This Amendment No. 1 shall be governed by and construed in accordance with the laws of England
and any disputes arising out of or by virtue of this Amendment No. 1 shall be referred to arbitration as provided for in Clause 53 (Law and Arbitration) of the Charter. The provisions of Clause 53 (Law and Arbitration) of the
Charter shall be deemed to be incorporated herein and to apply, mutatis mutandis, to this Amendment No. 1. 
  

	6.	Counterparts 

 This Amendment No. 1 may be executed in any number of counterparts and by the Parties
on separate counterparts, each of which, when so executed, shall be an original and all such counterparts shall together constitute one and the same instrument. 
  

	7.	Miscellaneous 

  

	 	(a)	The provisions of Clause 60 (Notices) of the Charter, as amended by Clause 3(e) above, shall be deemed to be incorporated herein and to apply hereto. 

 

	 	(b)	Each Party shall be responsible for its own costs and expenses in connection with the preparation, negotiation and execution of this Amendment No. 1. 

 

	 	(c)	To the extent that this Amendment No. 1 is inconsistent in any way with the terms of the Charter, the Regas Acceptance Tests Certificate and Side Letter dated 30 November 2010, the terms of this Amendment
No. 1 shall take priority over and operate to the exclusion of the inconsistent terms of the Charter, the Regas Acceptance Tests Certificate and Side Letter dated 30 November 2010. 

 

	 	(d)	The execution by each Party of this Amendment No. 1 shall be without prejudice to, and shall not be construed as a waiver of, any rights which may have accrued to that Party under the Charter or otherwise.

 IN WITNESS WHEREOF the Parties have duly executed this Amendment No. 1 in triplicate as of the date above first written. 

  
 9 

									
	For and on behalf of the Charterer:	 	Witness
			
	 /s/ FRANCIS BRETNACHER
	 		 	 /s/ DELPHINE CUENCA-BELLAGAMBA

	Name:	 	Francis Bretnacher	 		 	Delphine Cuenca-Bellagamba
	Title:	 	Managing Director	 		 	Senior Legal Counsel
		
	For and on behalf of Owner:	 	Witness
			
	 /s/ THOMAS THORKILDSEN
	 		 	 /s/ SEIICHIRO KANEMITSU

	Name:	 	Thomas Thorkildsen	 		 	Seiichiro Kanemitsu
	Title:	 	Attorney-in-fact	 		 	General Manager
		 		 		 	Mitsui O.S.K. Bulk Shipping (Europe) Ltd.

  
 10 

 Schedule 1 

MAIN PARTICULARS OF VESSEL / UPDATED GAS FORM C 
  

	1.1	PREAMBLE 

  

			
	Ship’s name	  	 GDF SUEZ CAPE ANN

		
	Owner	  	 SRV Joint Gas Two Ltd.

		
	Flag - Registry	  	 NIS

		
	Builder	  	 Samsung Heavy Industries Co., Ltd, Korea

		
	Delivery	  	 01st June 2010

		
	Class	  	 X 1A1 Tanker for Liquefied gas, ship type 2G (Membrane tank, Maximum pressure 25 kPaG,
Minimum temperature -163°C), NAUTICUS (Newbuilding) PLUS-2, CSA-2, CLEAN, COAT-2, E0, F-AMC, ICS, TMON, DYNPOS-AUT, STL, BIS, NAUT-AW

  

			
	 GRT/NRT

	International	  	97,100
	Suez	  	98,727.21

  

			
	 Is vessel approved?

	USCG	  	Yes
	IMO	  	Yes

  

	1.2	HULL 

  

					
	 	 	 Meters
	 	 Feet

	 LOA
	 	283.0611	 	928,54
	 LBP
	 	270.04    	 	885.83
	 Breadth
	 	43.40  	 	142.39
	 Depth
	 	26.00  	 	  85.30
	 Keel to highest point

 
 Air draught (folded mast)

 
 Assumed ballast draught
	 	 55.3    
  

40.4    
  

9.6  
	 	 181.4  
  

132.5  
  

31.5

  

							
	Summer Load Line	 	12.4 m	 	Corresponding deadweight	 	80,857mt
	TPC at design draft 11.4 m	 	100.3 mt/cm

  
 11 

					
	 Mean draft with full bunkers and full cargo

	 Specific Gravity
	 	 Mean draft
	 	 Corresponding DW

	0.47 mt/m^3	 	11.64 m	 	73,143 mt

  

			
	 Communication equipment

		
	International call sign	 	LADW7
		
	Radio station	 	MMSI 257352000
		
	Satcom B	 	FLEET 77
		
	      - Telephone/telex	 	 TEL 764915932
  

TLX 600963967

		
	      - Telefax	 	870-764915934
		
	Satcom C Telex	 	 TLX No.1 425735210
  

TLX No.2 425735211

  

	1.3	MACHINERY 

  

			
	 Main Engine

	Type	 	 Wartsila: 12V50DF x 3 units
  

Wartsila: 6L50DF x 1 unit

		
	Max Cont.	 	3 x 11,400 kW + 1 x 5,700 kW
		
	Grade fuel used	 	 Fuel oil specification for main engines:

 
 MDO: ISO 8217:2010 DMB

 
 When calling ECAs

 
 (maximum sulphur content 1%):

 
 ISO 8217:2010 DMB max. sulphur 1%

 
 When calling European ports (EU 2005/33

limiting sulphur content to 0,1%):
  

MGO: ISO 8217:2010 DMA,
  

Boil-off gas
  

Heavy Fuel Oil

  
 12 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

			
	 Other machinery

	Propeller	 	1 Fixed Pitch,
		
	Bow Thrusters	 	 2,000 kW x 2 units
  

6.6 kV, Controllable Pitch, 4-bladed, Ni-Al-Bronze

		
	Stern Thrusters	 	 1,200 kW x 2 units
  

6.6 kV, Controllable Pitch, 4-bladed, Ni-Al-Bronze

  

			
	 Speed/Consumption (propulsion power only)

	Guaranteed speed (Round trip, Beaufort Force 5)	 	19.5 knots
		
	Maximum consumption on guaranteed speed	 	 ***** tons MDO/day (main engine)
  

***** tons HFO/day (main engine)

  

			
	 Fuel consumption (for information only)

	Loading:	 	***** tons/day
	Discharging (conventional):	 	***** tons/day
	Anchorage (MDO mode):	 	***** tons/day

															
	
	 Fuel consumption during regasified LNG discharge (for information
only)

	Regas rate (mmscuf/day)	  	120	  	250	  	450	  	500	  	600	  	712.5	  	750
	Regas rate (mt/hr)	  	101	  	210	  	378	  	420	  	504	  	599	  	630
	Fuel consumption, NG (mt/day)	  	*****	  	*****	  	*****	  	*****	  	*****	  	*****	  	*****
	Fuel consumption, MDO (mt/day)	  	*****	  	*****	  	*****	  	*****	  	*****	  	*****	  	*****

 Note: 
 Gas consumption at DF
engine(s) and 2 regas boilers based on Low Calorific Value (LCV) of 49,900 KJ/kg 
 Diesel oil consumption as pilot fuel at DF engine(s) based on Low
Calorific Value (LCV) of 42,700 KJ/kg 
  

															
	 Permanent bunkers capacity
	 
	 HFO
	  	 	4,311 m^3	  	  	 	                 	  	  	MDO/MGO	  	 	1,399 m^3	  
		  				  				  		  	  
	  
	 
		  				  				  	TOTAL	  	 	5,710 m^3	  
		  				  				  		  	  
	  
	 

  
 13 

	1.4	CARGO INSTALLATION 

  

																													
	 Transportable products and respective quantities *)
	 
	 Tank
No.
	 	20 °C
100%
M3	 	 	-163 °C
98.5 %
M3	 	 	-163 °C
98.5%
MT
S.G. 0.47	 	 	-163°C
70%L
M3	 	 	-163°C
70%H
M3	 	 	-163°C
10%L
M3	 	 	-163°C
10%H
M3	 
	1	 	 	19,404	  	 	 	19,113	  	 	 	8,983	  	 	 	12,542	  	 	 	13,212	  	 	 	1,426	  	 	 	1,490	  
	2	 	 	41,913	  	 	 	41,284	  	 	 	19,404	  	 	 	41,913	  	 	 	31,247	  	 	 	6,635	  	 	 	3,946	  
	3	 	 	41,913	  	 	 	41,284	  	 	 	19,404	  	 	 	41,913	  	 	 	31,244	  	 	 	6,635	  	 	 	3,945	  
	4	 	 	41,916	  	 	 	41,287	  	 	 	19,405	  	 	 	41,916	  	 	 	31,246	  	 	 	6,636	  	 	 	3,947	  
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	Total	 	 	145,146	  	 	 	142,969	  	 	 	67,195	  	 	 	138,284	  	 	 	106,948	  	 	 	21,332	  	 	 	13,329	  
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 

  

	*)	Approx. figures per 1 July 2009 based on a cargo specific gravity of 470 kg/m^3 

 The cargo tank
system is GTT Mark III, reinforced to all cargo tank area except tank bottom in accordance with GTT document N500 CR009. 
  

	
	Scantlings of the cargo tanks are based on a maximum density of cargo of 500 kg/m3.

  

			
	 Tank working pressure

	Maximum pressure	  	25 kPa gauge
	Minimum pressure	  	-1 kPa gauge
	Minimum temperature acceptable in tanks	  	-163°C

  

			
	 Acceptable cargo filling levels *

	Lower criteria	  	Below 10% of cargo tank height
	Upper criteria	  	Above 70% of cargo tank height

  

			
	 Loading & discharging time

for LNG
	  	12 hours, excluding time for connecting, disconnecting, cooling down, topping up and custody transfer measurement

  
 15 

															
	 Discharging time for regasified LNG

	Regas rate (mmscuf/d)	  	120	  	250	  	450	  	500	  	600	  	712.5	  	750
	Regas rate (mt/hr)	  	101	  	210	  	378	  	420	  	504	  	599	  	630
	Regas duration (days)	  	26.0	  	12.5	  	7.0	  	6.3	  	5.2	  	4.4	  	4.2

  

	1.5	CARGO MACHINERY 

  

			
	Cargo pumps	  	1,700 m^3/h @155 mlc x 8 units
		
	Cargo pump location	  	2 in each cargo tank
		
	Max permissible specific gravity	  	500 kg/m
		
	Time for discharging full cargo using all cargo pumps against no backpressure	  	12 hours, excluding time for connecting, disconnecting, cooling down, topping up and custody transfer measurement
		
	Unpumpable cargo volume	  	 491 m3
  

assuming full trim and use stripping/spray pumps

		
	Heel LNG for cooling down	  	500 m3
		
	Fuel LNG for ballast voyage	  	3,300 m3
		
	Cargo remaining onboard in cargo tanks after completion pumping	  	5,250 m^3
		
	Spray pumps	  	50m^3/h @145 mlc x 4 units
		
	Fuel Gas Pumps	  	 40m3/h@215m1c x 2 units

Located in tank No. 3 and 4

		
	Emergency cargo pump/ LNG Feed Pump	  	 650m^3/h@145mle x 3 units

Located in tank No. 2, 3 and 4

  

			
	High duty cargo compressor	  	32,000 m^3/h x 2 units
	Low duty cargo compressor	  	4,350 m^3/h x 2 units

  

			
	Nitrogen plant	  	120 Nm^3 x 2 units
	Inert gas plant	  	14,000 N m^3/h x 1 unit

  
 16 

			
	 Composition of inert gas

	Carbon dioxide, CO2	  	Max 14% by volume
	Oxygen max., O2	  	1.0% by volume
	Carbon monoxide max. ; CO	  	100 ppm
	HC	  	0%
	Soot	  	Bacharach 0
	Sulphur oxides max., Sox	  	10 ppm
	Nitrogen oxides max. ; NOx	  	100 ppm
	Remainder	  	N2, H2, Air
	Dewpoint	  	-45°C at atm.
	Grade fuel used	  	MGO: ISO 8217:2010 DMA
	Discharge pressure	  	Max. 25 kPaG

  

			
	State if any shore supply of liquid nitrogen may be required NO
	May be required for purging of tanks and insulation spaces
	What quantity?	  	N/A

  

			
	 Gas freeing

	Can this operation be carried out at sea?	  	Yes

  

			
	 Heaters

	Cargo Vapor Heater (warm-up)	  	16,940kg/h x 2 units (-125°C to 0°C)
	Cargo Vapor Heater (boil-off)	  	4,730kg/h x 2 units (-100°C to 45°C)

  

			
	 Guaranteed boil-off rates

	Laden condition	  	0.16% / 24h
	Ballast condition	  	0.10% / 24h

  

			
	 Fuel Gas Vaporizers

	LNG vaporizer	  	23,970 kg/h x 1 unit
	Forcing vaporizer	  	5,800 kg/h x 1 unit

  
 17 

	1.6	MEASURING APPARATUS 

  

					
	 	  	 Type and location
	  	 Number

	 Primary level gauge system
  

Secondary level gauge system
	  	 Radar sensor, top of each tank
  

Radar sensor
	  	 4
  

4

			
	Cargo temperature	  	 Temperature Sensor;
  
	  	40
			
		  	 Vapor space at liquid dome +
  

Liquid space (0,10,50,95%) on tank bottom and pump column
	  	2 x 5 in each tank
			
	Absolute pressure transmitter	  	Vapor dome of each tank	  	4

  

	1.7	CARGO LINES 

  

			
	Is vessel fitted with midship manifolds	  	Yes, 2
	Distance from cargo manifold to stem (FP)	  	132 in
	Distance from manifold to stern (AP)	  	138 m
	Height cargo manifold above deck	  	4.8 m
	Height manifold above working platform	  	1.4 m
	Height cargo manifold above waterline when light	  	21.2 m
	Height cargo manifold above waterline when loaded	  	19.4 in
	Distance manifold from ship’s rail	  	3.15 m
	Distance between loading and vapor return connections	  	3.0 m
	Is vessel fitted with stern discharge	  	No
	Is vessel fitted with fore discharge	  	No

  

					
	 Dimension of lines

	 	  	 Diameter
	  	 Flange size

	 Liquid
	  	400 mm	  	16”
	 Vapour Line
	  	400 mm	  	16”

  
 18 

					
	 What reducers onboard

	 Number
	  	 Diameter
	  	 Pressure rating

	3	  	16”/12”	  	10 kg/cm^2

  

	1.8	LNG REGASIFICATION SYSTEM 

  

			
	Liquid inlet conditions:	  	
		
	 Pressure
  

Temperature
  

Liquid volume flow
	  	 5 bara
  

-160°C (256°F)
  

479.8 m^3/h x 3 units

		
	Composition (mass %)	  	 Typical Trinidad composition as given in

Appendix I to Schedule 1, para 11 (c)

		
	Gas outlet condition:	  	
		
	 Volume
  

Pressure
  

Temperature
	  	 250 mmscuf/day x 3 units
  

105 bar
  

10 °C

		
	Capacity	  	210,000 kg/hr x 3 units
		
	LNG booster pump number	  	6 units
	LNG booster pump discharge pressure	  	120 bar
	LNG booster pump suction pressure	  	5 bar
	LNG booster pump temperature	  	-160°C
		
	Steam pressure from boilers (saturated)	  	28 kg/cm ^2
		
	LNG/brine Shell & Tube Heat exchanger	  	3 units
	Steam/brine PCHE	  	 3 units
  

Separate steam and condensate section
  

each unit

		
	Brine circulation pump	  	680 m^3/h x 6 units

  
 19 

	1.9	GAS METERING SYSTEM 

  

			
	Ultrasonic Gas Metering System	  	 Ultrasonic gas flow meters x 2 units

 
 Pressure transmitters x 2 units

 
 Temperature transmitters x 2 units

		
	Gas Analyzer System	  	 Sample probe x 2 unit
  

Gas chromatographs x 2 units
  

Supplementary Gas Chromatograph x 1 unit
  

Analyzer cabinet x 1 unit

		
	Metering Control System	  	 Metering cabinet x 1 unit
  

Flow computers x 2 units
  

Supplementary flow computers x 2 units

  

	1.10	BALLAST SYSTEM 

  

			
	Pumps	  	Particular
	No.	  	Three (3)
	Type	  	Vertical single stage, centrifugal
	Prime mover	  	Electric motor
	Discharge rate	  	2,500 m3/h
	Total head	  	30 mwc (S.G.: 1.025)

  

	1.11	ODORANT INJECTION SYSTEM 

  

			
	Odorant	  	Mercaptan Mixture
	Injection Rate	  	1.01b/mmscf
	Injection Pumps	  	2 x 100%
	Injection Controllers	  	2 x 100%
	Injection Point	  	1
	Storage Tank	  	

  
 20 

	1.12	LIFTING DEVICE 

  

							
	 Location
	 	 Aft
	 	 Amidships
	 	 fwd

		 	STB and Port	 	 Manifold area
  

Stb and Port
	 	Regas and STL area
	Number and lifting capacity	 	 1 x 15 mt SWL (STB)
  

1 x 5 mt SWL (Port)
	 	2 x 12 mt SWL	 	 1 x 10 mt SWL (Hs < 0.5m)
  

1 x 8 mt SWL (Hs < 1.0m)

	Max. distance from ship’s side of lifting hook	 	5 m	 	5 m	 	6 m

  
 21 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 Schedule 2 

UPDATED ATTACHMENT 3 TO SCHEDULE III OF THE CHARTER 

DEPOT SPARE PART LIST 
  

							
	 Item
	  	 Description
	  	Cost	 
	 1
	  	 Tail shaft with propeller nut
	  	$	*****	  
	  	 Transport & handling (6,914 Euro)
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 2
	  	 Propeller
	  	$	*****	  
	  	 Transport & handling (59,094 Euro)
	  	$	*****	  
	  	 Insurance (8,878 NOK)
	  	$	*****	  
	 3
	  	 Main wheel with output shaft and both pinion gears w/shaft
	  	$	*****	  
	  	 Transport & handling (18,595 Euro)
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 4
	  	 One set of turbocharger rotor for 12V engines (26,613 GBP+ 28,054 Euro)
	  	$	*****	  
	  	 Transport & handling
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 5
	  	 Cargo pump, complete (15,100,000 JPY)
	  	$	*****	  
	  	 Transport & handling
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 6
	  	 LNG Booster pump
	  	$	*****	  
	  	 Transport & handling (1,226 Euro)
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 7
	  	 Regas feed pump
	  	$	*****	  
	  	 Transport & handling
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 8
	  	 Cargo spray pump (7,800,000 JPY)
	  	$	*****	  
	  	 Transport & handling
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 9
	  	 Fuel gas pump (8,200,000 JPY)
	  	$	*****	  
	  	 Transport & handling
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 10
	  	 Spares for frequency/speed converter and HV transformers (985,360 Euro)
	  	$	*****	  
	  	 Transport & handling (Estimated 2.5 Euro/kg X 2000kg)
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 11
	  	 Rotating parts for forced draft fan
	  	$	*****	  
	  	 Transport & handling (Estimated)
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 12
	  	 Boiler safety valves (one each size) (1,779,500 JPY)
	  	$	*****	  
	  	 Transport & handling (653 Euro)
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 13
	  	 Cargo safety valve incl. pilot valve (one each size) (356,451 NOK)
	  	$	*****	  
	  	 Transport & handling (653+414 Euro)
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 14
	  	 Manifold valve incl. actuator (liquid only) (33,078 Euro)
	  	$	*****	  
	  	 Handling (640 Euro)
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 15
	  	 Cargo pump discharge valve w/actuator (3,825,000 JPY)
	  	$	*****	  
	  	 Transport & handling (414 Euro)
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 16
	  	 Essential motors (HD/LD compressor motors only)
	  	$	*****	  
	  	 Transport & handling (Estimated)
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 17
	  	 Stem tube bearings (43,620 Euro)
	  	$	*****	  
	  	 Handling (1,432 Euro)
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 18
	  	 Hydraulic pump/motor for APL system (139,165 NOK)
	  	$	*****	  
	  	 Transport & handling (Estimated)
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 19
	  	 EPA equipment spares
	  	$	*****	  
	  	 Transport & handling (Estimated)
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 20
	  	 Various HGS/Regas skids (Estimated)
	  	$	*****	  
	  	 Transport & handling (Estimated)
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 21
	  	 STL compartment spares (Estimated)
	  	$	*****	  
	  	 Transport & handling (Estimated)
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 22
	  	 Printed Circuit heater (112,000 GBP)
	  	$	*****	  
	  	 Transport & handling (876 +215 Euro)
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
	 23
	  	 Gear Coupling (50,935 Euro)
	  	$	*****	  
	  	 Transport & handling (Estimated 2.5 Euro/kg X 600kg)
	  	$	*****	  
	  	 Insurance
	  	$	*****	  
		  		  	  
	  
	 
		  	 Total
	  	$	*****	  
		  		  	  
	  
	 

  
 22 

 AMENDMENT NO. 2 

To 
 SRV LNG CARRIER

 TIME CHARTERPARTY 

DATED 20 March 2007 

Between 
 SRV JOINT GAS TWO
LTD. 
 And 
 GDF SUEZ
LNG SUPPLY SA 
 DATED 20 June 2012 

 AMENDMENT NO. 2 TO SRV LNG CARRIER TIME CHARTERPARTY 

This amendment no. 2 (the “Amendment No. 2”) to the Charter (as defined in the Recitals below) is made on this 20th day of June 2012, and forms an integral part of the Charter. 
 BY AND BETWEEN: 

 

	(i)	SRV Joint Gas Two Ltd., a company incorporated and existing under the laws of Cayman Island (“Owner”); and 

  

	(ii)	GDF Suez LNG Supply SA (ex GDF Suez Global LNG Supply SA), a company organized and existing under the laws of Luxembourg (“Charterer”); 

(each a “Party” and together the “Parties”). 

RECITALS 
 WHEREAS, Owner and Charterer have
entered into an SRV LNG Carrier Time Charterparty dated 20 March 2007, as novated and/or amended from time to time, (the “Charter”), whereby Owner has agreed to let and Charterer has agreed to hire the use and service of a
Shuttle and Regasification Vessel built by Samsung Heavy Industries Co. Ltd. with reference Hull no. 1689 and now named GDF Suez Cape Ann (the “Vessel”); 

WHEREAS, Charterer wishes to use the Vessel as an FSRU (“FSRU Mode”) or alternatively as an LNG carrier (“LNG Carrier
Mode”) under a Sub-Charter with CNOOC for the Project; and 
 WHEREAS, Owner is willing to accommodate Charterer’s wish to use
the Vessel as an FSRU and accept that Charterer uses her under the Sub-Charter with CNOOC for the Project, on the terms and subject to the conditions of this Amendment No. 2; 

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, Owner and Charterer agree as follows: 

 

	 	1.	Definitions 

 For purposes of this Amendment No. 2 (including the Recitals), the capitalized terms
used herein shall have the meanings ascribed to them in the Charter (unless the context requires otherwise) or below (as the case may be). 

“CNOOC” means CNOOC Gas & Power Group Limited or any assignee or sub-charterer of CNOOC approved in writing by Owner. 

“FSRU” means floating storage and regasification unit. 

“FSRU Terminal” means the Tianjin FSRU terminal located in the People’s Republic of China or any other FSRU terminal in the People’s
Republic of China approved in writing by Owner, such approval not to be unreasonably withheld. 

  
 2 

 “Modification Specification” means the document to be mutually agreed between Parties and defining the
scope of the Modification Work which shall be based on and always include the items set out in Appendix 1 to this Amendment No. 2, and once agreed shall replace the current Appendix 1. 

“Modification Work” means any and all work; design, engineering, procurement, fabrication, installation, commissioning and testing required for the
modification of the Vessel to FSRU in accordance with the Modification Specification. 
 “Modification Yard” means such yard as mutually agreed
between the Parties for the performance of the Modification Work. 
 “Mortgagee” means DNB Bank ASA (previously called DnB NOR Bank ASA) as agent
on behalf of the lenders. 
 “Project” means Charterer’s project with CNOOC, consisting of using the Vessel in FSRU Mode at the FSRU Terminal
or LNG Carrier Mode. 
 “Reinstatement Specification” means the scope of work mutually agreed between Parties so that the Vessel is fitted in
every way as an SRV for service under the Charter. 
 “Reinstatement Work” means (i) any and all work; design, engineering, procurement,
fabrication, installation, commissioning and testing required to reinstate the Vessel in accordance with the Reinstatement Specification and (ii) dry-docking, cleaning and painting of the Vessel’s bottom and effecting scheduled
maintenance, so that the Vessel is fitted in every way for service under the Charter. 
 “Reinstatement Yard” means such yard as mutually agreed
between the Parties for the performance of the Reinstatement Work. 
 “Sub-Charter” means the agreement signed between Charterer and CNOOC for
sub-chartering of the Vessel by Charterer to CNOOC. 
 “Sub-Charter Period” means a period of time, between three (3) and five
(5) years, at CNOOC’s option, beginning on the earlier of (i) delivery of the Vessel by Charterer to CNOOC, or (ii) the Vessel is all fast at the FSRU Terminal and ending on the later of (i) redelivery of the Vessel by CNOOC
to Charterer or such earlier time as the Sub-Charter is terminated in accordance with its terms, or (ii) the Vessel is permanently unmoored and disconnected from the FSRU Terminal and is ready and free to depart from the FSRU Terminal. 

“Voyage” means a legitimate voyage under the Charter ordered pursuant to and in accordance with Clause 6 of this Addendum, the duration of which
shall always be deemed to be from when the Vessel is unmoored and disconnected from the FSRU Terminal for the purpose of commencing the Voyage until the Vessel is all fast again at the FSRU Terminal. 

  
 3 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	2.	Purpose, Intention and Interpretations 

 The purpose of this Amendment No. 2 is to set forth the
terms and conditions under which Charterer may utilize the Vessel as an FSRU on the Project and to permit Charterer to enter into the Sub-Charter with CNOOC and to set out the specific conditions applicable between the Parties when the Vessel is
used in FSRU Mode or LNG Carrier Mode for the Project. 
 It is Owner’s and Charterer’s clear intention, which is hereby declared, that this
Amendment No. 2 shall not imply or impose greater or more onerous obligations exposures and/or liabilities on Owner (except for the undertaking to arrange for the Modification Work and the Reinstatement Work, respectively and except for any
other provisions of this Amendment No. 2 directly or indirectly providing to the contrary) than it would otherwise have under the Charter. 
 In case
of conflict between the provisions of the Charter and this Amendment No. 2, the provisions of this Amendment No. 2 shall prevail. 
  

	 	3.	Modification of the Vessel to FSRU 

 Owner shall arrange for the Modification Work being carried out at
the Modification Yard at a time mutually agreed with Charterer for Charterer’s time, risk and expense. 
 Without prejudice to the aforesaid, Owner
shall obtain a quote for the Modification Work from the Modification Yard, and include such quote in a budget which is to be approved as soon as reasonably practicable by Charterer. Any comment to or rejection of any parts of the budget or
Modification Work, including its scope and costs shall be discussed in good faith and resolved by the Parties. After the budget has been agreed, Owner shall promptly inform Charterer of any cost overrun and/or any matter which affects the budget and
take reasonable steps to seek to reduce an adverse cost effect. 
 Charterer shall reimburse Owner for the documented cost of the Modification Work and
compensate Owner for Owner’s own reasonable and documented cost related to the Modification Work to the extent not covered by paragraph 1.2 of Schedule III, including but not limited to the cost of supervision, administration and follow up of
the Modification Work (not covered by paragraph 1.2 (c) (i) or Schedule III) within ***** days of receipt by Charterer of Owner’s invoice together with supporting documentation. 

Notwithstanding anything to the contrary in the Charter, the Vessel shall be on hire, and the performance warranties set out in Clause 27 of the Charter shall
not apply, for the duration of the Modification Work, the time of which shall be deemed to include the Vessel’s deviation time, time spent at, and time spent returning from the Modification Yard until the Vessel has regained a position
equivalent to that when the Vessel deviated for the Modification Work, and, for the avoidance of doubt, such time shall not count against the Dry-docking Allowances, the Unscheduled Maintenance Allowances set forth in the original Clause 25(d) of
the Charter or the Maintenance Allowance set forth in Clause 25(d) as amended herein. 

  
 4 

	 	4.	Importation, Stay and Exportation 

 Any importation, stay and exportation into and from
the People’s Republic of China (as the case may be) of the Vessel and all materials and/or equipment necessary for Owner’s performance of the Charter and/or any Voyage during or related to the Sub-Charter Period, shall be arranged by
Charterer, in accordance with all applicable laws and regulations, for its own time, risk and expense, but with all reasonable practical assistance from Owner. 
  

	 	5.	FSRU Mode specific modifications 

  

	 	5.1	At all times during the Sub-Charter Period, except when a Voyage is occurring, the Charter shall be modified by the following amendments, additions and other modifications: 

 

	(a)	Modifications to Clause 1 (“Definitions”) of the Charter : 

  

	 	i.	The definition of “Actual Discharge Rate” in Clause 1 of the Charter shall be amended to read in its entirety: “ “Actual Discharge Rate” has
the meaning set out in Clause 27(b)(iii),” 

  

	 	ii.	The definition of “Adverse Weather Periods” in Clause 1 of the Charter shall be deleted. 

  

	 	iii.	The definition of “Allowance Period” in Clause 1 of the Charter shall be deleted. 

  

	 	iv.	The definition of “BOE” in Clause 1 of the Charter shall be deleted. 

  

	 	v.	A new definition shall be included in Clause 1 of the Charter, which reads: ““CNOOC” means CNOOC Gas & Power Group Limited or any assignee or sub-charterer
of CNOOC approved in writing by Owner.” 

  

	 	vi.	A new definition shall be included in Clause 1 of the Charter, which reads: ““Charterer’s Group” has the meaning set out in Clause 68(a)”.

  

	 	vii.	The definition of “Discharge Period” in Clause 1 of the Charter shall be deleted. Any other use of the term “Discharge Period” in the Charter shall be replaced with the term
“FSRU Discharge Period”. 

  

	 	viii.	The definition of “Discharge Point” in Clause 1 of the Charter shall be deleted. 

  

	 	ix.	A new definition shall be included in Clause 1 of the Charter, which reads: ““FSRU” means floating storage and regasification unit.”

  

	 	x.	A new definition shall be included in Clause 1 of the Charter, which reads: ““FSRU Discharge Period” has the meaning set out in Clause 27(b)(iv)”

  

	 	xi.	A new definition shall be included in Clause 1 of the Charter, which reads: ““FSRU Gas Day” has the meaning set out in Clause 27(b)(iii).” 

  
 5 

	 	xii.	A new definition shall be included in Clause 1 of the Charter, which reads: ““FSRU Gas Nomination Procedures” means the procedures for requesting and establishing
Send Out Profile and Intraday Nominations as set forth in Schedule X. The Parties will use their reasonable endeavors to develop and agree on said procedures before 30 November 2012 and no later than three (3) months prior to start of
the Sub-Charter Period.” 

  

	 	xiii.	A new definition shall be included in Clause 1 of the Charter, which reads: ““FSRU Terminal” means the Tianjin FSRU terminal located in the People’s Republic of China
or any other FSRU terminal in the People’s Republic of China approved in writing by Owner, such approval not to he unreasonably withheld.” 

  

	 	xiv.	The definition of “Gas Day” in Clause 1 of the Charter shall be deleted. Any other use of the term “Gas Day” in the Charter shall be replaced with the term “FSRU Gas
Day”. 

  

	 	xv.	The definition of “Gas Nomination Procedures” in Clause 1 of the Charter shall be deleted. Any other use of the term “Gas Nomination Procedures” in the Charter shall be replaced
with the term “FSRU Gas Nomination Procedures”. 

  

	 	xvi.	A new definition shall be included in Clause 1 of the Charter, which reads: ““Maintenance Allowance” has the meaning set out in Clause 25(d).” 

 

	 	xvii.	The definition of “Nominated Discharge Rate” Clause 1 of the Charter shall be amended to read in its entirety: ““Nominated Discharge Rate” has
the meaning set out in Clause 27(b)(iii).” 

  

	 	xviii.	The definition of “Normal Performance” in Clause 1 of the Charter shall be amended to read in its entirety: ““Normal Performance” has
the meaning set out in Clause 27(b)(i).” 

  

	 	xix.	The definition of “Off-hire Allowance” in Clause 1 of the Charter shall be deleted. 

  

	 	xx.	A new definition shall be included in Clause 1 of the Charter, which reads: “Owner’s Group” has the meaning set out in Clause 68(a)”. 

 

	 	xxi.	The definition of “Performance Period” in Clause 1 of the Charter shall be deleted. 

  

	 	xxii.	The definitions of “Primary Terminals” and “Primary Terminal” in Clause 1 of the Charter shall be deleted. 

 

	 	xxiii.	The definition of “Reduced Performance” in Clause 1 of the Charter shall be amended to read in its entirety: ““Reduced Performance” has the
meaning set out in Clause 27(b)(iii).” 

  
 6 

	 	xxiv.	A new definition shall be included in Clause 1 of the Charter, which reads: “Reduced Rate” has the meaning set out in Clause 27(b)(iii)”. 

 

	 	xxv.	A new definition shall be included in Clause 1 of the Charter, which reads: “Maintenance” has the meaning set out in Clause 25 (d)”. 

 

	 	xxvi.	A new definition shall be included in Clause 1 of the Charter, which reads: “Send Out Profile” has the meaning set out in Clause 27(b)(ii)”. 

 

	 	xxvii.	A new definition shall be included in Clause 1 of the Charter, which reads: “Start Up Period” has the meaning set out in Clause 27(b)(i)”. 

 

	 	xxviii.	A new definition shall be included in Clause 1 of the Charter, which reads: ““Sub-Charter” means the agreement signed between Charterer and CNOOC for sub-chartering of the Vessel
by Charterer to CNOOC.” 

  

	 	xxix.	A new definition shall be included in Clause 1 of the Charter, which reads: ““Sub-Charter Period” means a period of time, between three (3) and five (5) years, at
CNOOC’s option, beginning on the earlier of (i) delivery of the Vessel by Charterer to CNOOC, or (ii) the Vessel is all fast at the FSRU Terminal and ending on the later of (i) redelivery of the Vessel by CNOOC to Charterer or
such earlier time as the Sub-Charter is terminated in accordance with its terms, or (ii) the Vessel is permanently unmoored and disconnected from the FSRU Terminal and is ready and free to depart from the FSRU Terminal.”

  

	 	xxx.	The definition of “Unscheduled Maintenance” in Clause 1 of the Charter shall be deleted. 

  

	 	xxxi.	The definition of “Unscheduled Maintenance Allowance” in Clause 1 of the Charter shall be deleted. 

 

	(b)	In Clause 3 (a)(i) of the Charter, the reference to “SRV” shall be amended to read: “FSRU”. 

  

	(c)	Clause 3 a) of the Charter shall be completed with the following bullet points: 

  

	 	“(vi)	the master and chief officer shall combined in total have not less than twelve (12) months’ sailing and cargo operations experience in the past five (5) years exercising responsibilities of a senior
rank (master and/or chief officer) on board an LNG tanker/FSRU. The chief engineer, cargo engineer and second engineer shall combined in total have not less than eighteen (18) months’ sailing and cargo operations experience in the past
five (5) years exercising responsibilities of a senior rank (chief engineer, cargo engineer and/or second engineer) on board an LNG tanker/FSRU. 

  

	 	(vii)	 prior to the commencement of the Sub-Charter Period, the Owner shall, using Owner’s standard format and subject always to CNOOC first having
duly executed a “no poaching declaration” in a wording acceptable to Owner, 

  
 7 

	 	
provide the CNOOC with professional LNG tanker/FSRU histories in rank of the master, chief officer, chief engineer and cargo engineer (if applicable) serving on board the Vessel at the time of
delivery. Prior to their assignment, similar histories shall be furnished for any new master chief officer, chief engineer or cargo engineer assigned to the Vessel during the Sub Charter Period.” 

 

	(d)	Clause 3 c) shall be completed with the following new paragraph: 

 “If during the
Sub-Charter Period, Owner should change or replace the manager of the Vessel, it shall give reasonable consideration to any input from CNOOC in this respect. Owner confirms that under the present circumstances it has no intention of changing or
replacing the manager of the Vessel.” 
  

	(e)	A new paragraph (e) shall be included in Clause 5 (“Period and Trading Limits”) and shall read: 

“Notwithstanding anything to the contrary in Clauses 5(a), (b), and (c), Charterer shall, at no expense to Owner, provide or cause to
be provided, at the FSRU Terminal, port and marine facilities capable of receiving the Vessel and berths and places which the Vessel can safely reach and return from without exposure to danger, and at which the Vessel can safely lie, load or
discharge (as the case may be) always afloat. Furthermore, Charterer shall provide to Owner all relevant information required to meet the interface requirements of the FSRU Terminal as soon as reasonably possible. All reasonable costs incurred in
implementing such modifications to the Vessel (and their later removal, if required to comply with the terms of this Charter), including the time taken to implement such modifications and to comply with such regulations necessary to allow the Vessel
to load or discharge at the FSRU Terminal, shall be for Charterer’s account and shall be reimbursed to Owner in accordance with Schedule III. Charterer shall also be responsible, and shall reimburse Owner in accordance with Schedule III, for
all such reasonable costs incurred, including the necessary time taken, should the interface requirements of or the regulations applicable to the FSRU Terminal be altered.” 

 

	(f)	A new paragraph (f) shall be included in Clause 5 (“Period and Trading Limits”) and shall read: 

“Notwithstanding anything to the contrary in this Charter, Owner shall not under any circumstances whatsoever be obliged to go to
and/or stay at an FSRU Terminal which has not entered into a Port Liability Agreement, acceptable to Owner’s P&I Club, with Owner.” 
  

	(g)	Clause 8 (“Owner to Provide”) of the Charter shall be amended to read in its entirety: 

“Owner undertakes to provide and, subject to the provisions of Schedule III, to pay for all provisions, wages (including but not
limited to all overtime payments, statutory or otherwise), and shipping and discharging fees and all other expenses 

  
 8 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 
of the master, officers and crew, except for any Chinese master, officers and/or crew required to be on board; also, except as provided in Clauses 5 and 37, for all insurance on the Vessel
described in Schedule IV, for all deck, cabin and engine-room stores and necessary spare parts, and for water; for all dry-docking (and gas-freeing of the Vessel associated therewith), overhaul, maintenance and repairs to the Vessel, including
maintaining and operating the Vessel in good working order in accordance with prudent industry practices and Builder’s maintenance recommendations; and for all fumigation expenses and de-rat certificates. Owner’s obligations under this
Clause 8 extend to all liabilities for customs or import duties arising at any time during the performance of this Charter in relation to the personal effects of the master, officers and crew, and in relation to the stores, provisions and other
matters aforesaid which Owner is to provide and pay for and Owner shall refund to Charterer any sums Charterer or its agents may have paid or been compelled to pay in respect of any such liability on presentation of reasonable supporting
documentation. Any amounts allowable in general average for wages and provisions and stores shall be credited to Charterer insofar as such amounts are in respect of a period when the Vessel is on-hire.” 

 

	(h)	Clause 14 a) shall be completed with the following bullet point : 

 “(v) During
the Sub Charter Period, CNOOC shall have the right to fly the CNOOC or Tianjin FSRU project flag on the Vessel.” 
  

	(i)	Clause 24 (“Off-hire”) of the Charter shall be amended to read: “Not Used”. Any use of the term “off-hire” elsewhere in the Charter and any references in
the Charter to Clause 24 thereof shall be deemed deleted in their entirety when the Vessel is being used in FSRU Mode. 

  

	(j)	Modification to Clause 25 (“Dry-docking; Time for Scheduled Maintenance”) of the Charter: 

  

	 	i.	The wording “*****-month intervals and no more than *****-month intervals” in Clause 25 (a) of the Charter shall be amended to read: “*****-month intervals and no more than
*****-month intervals”. 

  

	 	ii.	Clause 25 (d) of the Charter shall be amended to read in its entirety: 

“Owner may carry out scheduled or unscheduled maintenance and take the Vessel out of service, if so required by such maintenance,
except that Owner shall not arrange scheduled maintenance between 15th November of any year and 14th March of the following year unless Owner can demonstrate from its operating experience that, in the reasonable opinion of Owner, after
consulting with Charterer, scheduling such maintenance during that period would be necessary (“Maintenance”). Owner shall be entitled to an allowance of ***** days per every ***** days, commencing from the first day of
the Sub-Charter Period for all scheduled and unscheduled maintenance (“Maintenance Allowance”). 

  
 9 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

 
However, in the event that the Vessel over any period of ***** days, during the Sub-Charter Period, has an actual availability of *****per cent ***** or more the Maintenance Allowance shall be
reduced to ***** days for the remainder of the Sub-Charter Period. Until such time as the Vessel achieves an actual availability of *****per cent ***** or more the Maintenance Allowance shall remain at the aforementioned ***** days. Owner shall not
use more time for maintenance than is necessary and shall notify Charterer of any Maintenance Allowance taken or to be taken and shall consult with Charterer as far in advance as possible as regards the timing of any such Maintenance. There will be
no scheduled dry docking during the Sub-Charter Period unless mutually agreed by Owner and Charterer. 
 Notwithstanding anything to
the contrary in the Charter, the Vessel shall always be on hire without any reduction for all time used of the Maintenance Allowance and all items to be provided and paid for by Charterer pursuant to Clause 9(a) shall be for Charterer’s
account, and Owner’s use of the Maintenance Allowance shall not in any way or to any extent whatsoever be regarded as a default, nonperformance or breach by Owner of any obligation under or any provision of the Charter.” 

 

	 	iii.	Clause 25 (e) shall be amended to read: “Not Used”. 

  

	(k)	Clause 27 (“Performance”) of the Charter shall be amended to read in its entirety: 

  

	 	“(a)	     

  

	 	(i)	Owner undertakes and guarantees that at all times during the Sub-Charter Period the Vessel shall be capable of maintaining a maximum average daily boil-off of no more than 0.16% of the Vessel’s total cargo
capacity. For purposes of establishing whether the Vessel has achieved performance as required under this Clause 27(a), the Parties shall discount periods when the Vessel (i) is discharging regasified LNG and/or loading or discharging LNG and
(ii) when due to loading of LNG the saturated vapour pressure is above 170 mbarg. 

  

	 	(ii)	Boil-off calculation: Boil-off shall be measured by subtracting the volume of LNG contained in the Vessel’s tanks at gauging at the end of a 24 hour period of no discharging regasified LNG and/or loading or
discharging LNG, but where the Vessel is still connected within Tianjin Port, from the volume of LNG contained in the Vessel’s tanks at gauging at the start of a 24 hour period of no discharging regasified LNG and/or loading or discharging LNG,
but where the Vessel is still connected within Tianjin Port. Actual boil-off shall be calculated using the mean value from 5 (five) distinct but consecutive measurements. 

  
 10 

	 	“(b)	     

  

	 	(i)	Owner further undertakes, subject to the provisions of this Clause 27(b) and subject always to a start up period which shall end on the earlier of (i) the Vessel having regasified and discharged four thousand
(4000) MMScf of Regasified LNG, or (ii) completion of the commissioning procedure which the Parties will use reasonable endeavors to develop and agree by 30 November 2012 but no later than three (3) months prior to the start of
the Sub-Charter Period (“Start Up Period”), that the Regasification Components will, throughout the Term, enable the Vessel’s cargo to be regasified and discharged at not less than a regasified LNG discharge rate
of two hundred and fifty (250) MMScf/day (“Normal Performance”). However, upon the Vessel’s Actual Discharge Rate being higher than two hundred and fifty (250) MMScf/day during regasification of LNG and
discharge of gas over twenty four (24) hours without any unplanned shut down in the 24 hour period, which for the avoidance of doubt shall include the Start Up Period, this Actual Discharge Rate shall immediately replace the current Normal
Performance of two hundred and fifty (250) MMScf/day, provided that the Normal Performance shall never exceed five hundred (500) MMScf/day and such increase in the Normal Performance shall be formalized by signature of an addendum to the
Charter. From that time on, in each case where the Actual Discharge Rate is higher than the then-current Normal Performance during regasification of LNG and discharge of gas over a twenty four (24) hour period without any unplanned shut down in
the twenty four (24) hour period, the Actual Discharge Rate shall immediately replace the then-current Normal Performance until subsequently re-adjusted up to a maximum Normal Performance of five hundred (500) MMScf/day. Each such increase
in the Normal Performance shall be formalized by signature by both Parties of an addendum to the Charter. 

  

	 	(ii)	Subject always to the provisions of Clause 27(b)(iii) below, Owner shall, subject to applicable terms of the FSRU Gas Nomination Procedures, deliver the Nominated Discharge Rate in accordance with the daily curve
agreed with Charterer in accordance with the FSRU Gas Nomination Procedures (“Send Out Profile”), subject to such Send-Out Profile for that FSRU Gas Day being agreed no later than twelve (12) hours before the
commencement of the relevant FSRU Gas Day. In case the Owner fail to deliver gas in accordance with the Send Out Profile as required pursuant to the applicable terms of the FSRU Gas Nomination Procedures, then the applicable terms of the FSRU Gas
Nomination Procedures will apply to such failure (provided always that such terms are fair, reasonable and proportionate to the failure). Owner shall use reasonable endeavors to accommodate any change to the Send Out Profile requested by Charterer,
less than thirty six (36) hours before the end of the relevant FSRU Gas Day (“Intraday Nomination”), but Owner shall not be liable for any failure in this respect. 

  
 11 

	 	(iii)	Whenever Charterer requests a Nominated Discharge Rate above Normal Performance, Owner shall use reasonable endeavors to make such higher rate available, subject always to the maximum capacity of the Regasification
Components when all three units of the Regasification Components are operating. Notwithstanding the provisions of the immediately following paragraph, if the Vessel is incapable of discharging its cargo at such higher rate, such performance shall
not be considered Reduced Performance and Charterer shall not be entitled to pay hire at a rate equal to the Reduced Rate or claim a reduction in hire. 

If, on any day, commencing from [10.00 A.M. (China local time)] on that day and ending at [09.59 A.M. (China local time)] on the
immediately following day (an “FSRU Gas Day”), the Vessel’s actual discharge rate calculated over that FSRU Gas Day as measured in accordance with Clause 27(b)(iv)-(v) (the “Actual Discharge
Rate”), is less than the daily nominated discharge rate requested by Charterer in accordance with the FSRU Gas Nomination Procedures for that FSRU Gas Day (the “Nominated Discharge Rate”), and such
Actual Discharge Rate is lower than Normal Performance (such deficient performance hereinafter being referred to as “Reduced Performance”), then a Hire Rate equal to a reduced rate determined by multiplying the Fixed
Element of the Hire Rate by a factor calculated by dividing the Actual Discharge Rate by the lower of (i) the Nominated Discharge Rate or (ii) the Normal Performance (the “Reduced Rate”) shall be payable for
each of such FSRU Gas Day in respect of which an Actual Discharge Rate tower than the Nominated Discharge Rate and the Normal Performance has been determined during the FSRU Discharge Period in question. This Reduced Rate in case of Reduced
Performance shall replace in its entirety Paragraph 4 of Schedule III. For the avoidance of doubt, any reduction of hire to which Charterer is entitled under this Clause 27(b)(iii) shall be credited against hire payments in accordance with Clause
12(a) as promptly as possible. 
  

	 	(iv)	If no discharge of regasified LNG is currently ongoing from the Vessel, measurement of the Actual Discharge Rate shall commence when the vaporizers, piping and pressurizing risers are cooled down and the last high
pressure pump required to achieve the ordered discharge rate is placed on line and the Vessel starts the discharge of Regasified LNG, and shall terminate when the first high pressure pump is secured near the end of the discharge
(“FSRU Discharge Period”). 

 Prior to the commencement of a FSRU Discharge Period a
notification of FSRU Readiness to Discharge Gas (as defined in the FSRU Gas Nomination Procedures) shall be delivered by Charterer to Owner in 

  
 12 

 
accordance with the FSRU Gas Nomination Procedures and an FSRU Discharge Period shall start no later than six (6) hours after Owner’s receipt of the above notification, unless such time
is extended by reasons attributable to Charterer, CNOOC, the FSRU Terminal, governmental or regulatory authorities or Force Majeure (as defined in the FSRU Gas Nomination Procedures). 

The Actual Discharge Rate shall be the rate of regasified LNG discharged as measured by the Vessel’s metering station. When measuring
the Actual Discharge Rate against Normal Performance a variation of one percent (1%) shall be allowed. 
 Normal Performance
shall be based upon LNG with a chemical composition (Mass%) (Typical Trinidad LNG composition) as follows: 
  

					
	 Methane
	  	 	96.17	% 
		
	 Ethane
	  	 	2.74	% 
		
	 Propane
	  	 	0.76	% 
		
	 1-Buthane
	  	 	017	% 
		
	 n-Buthane
	  	 	0.15	% 
		
	 Nitrogen
	  	 	0.01	% 

  

	 	(v)	The performance of the Vessel in relation to the warranty contained in this Clause 27(b) shall be reviewed on the 25th of each calendar month, and the results
accumulated and compensation, if any, shall be assessed and paid at the next hire payment due at the beginning of the following calendar month. For purposes of establishing whether the Vessel has achieved performance as required under Clause 27(b)
and calculating the Hire Rate, the Parties shall discount any FSRU Gas Day (or in case of (g) below, only the relevant part of the FSRU Gas Day, provided that the volumes required in such part of the FSRU Gas Day in accordance with the Send Out
Profile shall be disregarded and the Nominated Discharge Rate for that FSRU Gas Day shall be adjusted accordingly): 

  

	 	(a)	where the FSRU Terminal is not ready or able to receive the Nominated Discharge Rate specified by Charterer in accordance with the FSRU Gas Nomination Procedures and at the corresponding pressures and temperatures;

  

	 	(b)	where Charterer has requested Intraday Nominations as per clause 27 b) (ii); 

  

	 	(c)	where Charterer has instructed the Vessel to proceed from the FSRU Terminal; 

  

	 	(d)	where the Vessel is prevented from approaching or remaining and/or operating at the FSRU Terminal by any relevant regulatory or governmental authority by reason other than a failure or default on part of the Vessel
or Owner; 

  
 13 

	 	(e)	where the Vessel is required to disconnect and/or to depart from the FSRU Terminal or is prevented from discharging her cargo as regasified LNG by reason of compliance with the applicable requirements and guidelines
of the Classification Society, the Vessel’s Flag State or any other relevant regulatory authority and/or with such requirements as set out in the FSRU operating manual in relation to the Vessel’s safe operation, cargo management and/or
filling level restrictions; 

  

	 	(f)	where there is not a required amount of LNG onboard the Vessel to obtain the Nominated Discharge Rate in accordance with the FSRU Gas Nomination Procedure; 

 

	 	(g)	where the Owner is using the Maintenance Allowance; 

  

	 	(h)	where the ship-to-ship transfer system and/or the Downstream Systems are not ready or able to provide or receive the Nominated Discharge Rate specified by Charterer in accordance with the FSRU Gas Nomination
Procedures and at the corresponding pressures and temperatures; and 

  

	 	(i)	where the vessel is prevented from discharging by other events within the port or where there is a wider risk to safety or the environment. 

 

	 	(vi)	Notwithstanding the provisions of this Clause 27(b), if at any stage the Actual Discharge Rate achieved by the Vessel is less than Normal Performance due to a defect in the Regasification Components (and such lower
discharge rate has not been requested by Charterer in accordance with the FSRU Gas Nomination Procedures), Owner shall be entitled to repair such defect in the Regasification Components and/or the Vessel by the Vessel proceeding to dry-docking in
accordance with the provisions of Clause 25(h). Before committing to a dry dock, Owner shall always consult with the Charterer to assess alternative solutions.” 

 

	 	(vii)	The Vessel shall be capable of regasifying LNG in a closed-loop heating mode using steam from the Vessel’s regas boilers as the primary heating medium at a daily Nominated Discharge Rate with a pressure of 50 to
114 bar and a temperature of +10 to 20°C at the outlet of the Regas skid. 

  

	(l)	Clause 52(c)(iv) of the Charter shall be amended to read in its entirety: “Not Used”. 

 

	(m)	The second sentence of Clause 53 of the Charter shall be amended to read in its entirety: 

“The foregoing notwithstanding, no term of this Charter, other than Clauses 68(a) and (b), is enforceable under the Contracts
(Rights of Third Parties) Act 1999 by a person or entity who is not a party to it.” 

  
 14 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	(n)	Clause 68(a) of the Charter shall be amended to read in its entirety: 

 “No member of
Owner’s Group shall be under any liability whatsoever to Charterer, Charterer’s Representatives, CNOOC, or their estates (“Charterer’s Group”) for their death or personal injury during the time when they
are engaged in the activities contemplated under this Charter unless death or personal injury is caused, in whole or in part, by the gross negligence or willful misconduct of Owner, its employees or its agents (“Owner’s
Group”). Likewise, no member of Owner’s Group shall be under any liability to any member of Charterer’s Group in respect of damage to, or loss or destruction of, their personal property unless such damage to, or loss or
destruction of, personal property is caused by the gross negligence or willful misconduct of any member of Owner’s Group.” 
  

	(o)	Clause 68(b) of the Charter shall be amended to read in its entirety: 

 “No member of
Charterer’s Group shall be under any liability whatsoever to any member of Owner’s Group for their death or personal injury during the time when they are engaged in the activities contemplated under this Charter unless death or personal
injury is caused, in whole or in part, by the gross negligence or willful misconduct of a member of Charterer’s Group. Likewise, no member of Charterer’s Group shall be under any liability to any member of Owner’s Group in respect of
damage to, or loss or destruction of, their personal property unless such damage to, or loss or destruction of, personal property is caused by the gross negligence or willful misconduct of any member of Charterer’s Group.” 

 

	(p)	Appendix I to Schedule I of the Charter shall be amended to read in its entirety: “Not Used”. Any references in the Charter to Appendix I to Schedule I
thereof, any uses of the term “Primary Terminal” in the Charter. 

  

	(q)	Schedule X of the Charter (Gas Nomination Procedures) shall be deleted in its entirety and shall be replaced with a new Schedule X (FSRU Gas Nomination Procedure)). The Parties will use their reasonable endeavors to
develop and agree said procedures before 30 November 2012 but no later than ***** months prior to start of the Sub-Charter Period. 

  

	 	5.2	All terms and conditions of the Charter, except to the extent modified or changed by Clause 1, 2, 3, 5, 6, 7, and 8 of this Amendment No. 2 shall remain in full force and effect. However, such terms and conditions
shall be interpreted in light of and in such way to give effect to the intention of the parties set out in Clause 2 above, provided however that, any further amendment or modification to the Charter that may be required during the Sub-Charter Period
shall always be agreed in writing between the Parties. 

  

	 	5.3	For the avoidance of doubt and with reference to paragraph 1.2(c)(ii) to Schedule III of the Charter, Owner shall not in any circumstances whatsoever be forced or obliged to lay off any of the Vessel’s master,
officers or crew. However, Owner shall use reasonable endeavours to mitigate the Variable Element cost (i.e. manning and crew travel expenses). 

  
 15 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	5.4	For the avoidance of doubt and without prejudice to Clauses 1-4, 5.2, 5.3, 5.4, 5.5, 5.6, 5.7, and 6-11 of this Amendment No. 2, for any Voyage the Charter shall apply without the amendments and/or additions set
out in Clause 5.1 of this Amendment No. 2. 

  

	 	5.5	For the avoidance of doubt and without prejudice to Clauses 1-4, 5.2, 5.3, 5.4, 5.5, and 7-11 of this Amendment No. 2, upon expiry of the Sub-Charter Period the Charter shall apply without the amendments and/or
additions set out in Clause 5.1, 5.6, 5.7, and 6 of this Amendment No. 2. 

  

	 	5.6	At any time during the Sub-Charter Period when a Voyage is occurring, each of the Unscheduled Maintenance Allowance specified in Clause 25(d) of the Charter and each of the Off hire Allowance specified in Clause 24(h)
of the Charter shall be reduced to an allowance equal to the original Unscheduled Maintenance and Off-hire Allowances, multiplied by ***** days. 

  

	 	5.7	Training of Chinese Operator 

 Provided that there is a requirement of CNOOC in the Sub-Charter
Period for training the Chinese operator to operate the Vessel as an FSRU, Owner will in good faith enter into discussion with CNOOC with the aim to arrange, in cooperation with CNOOC, for such training (including but not limited to training
procedures, necessary facilities, and location). All documented costs arising from such activity shall be fully borne by CNOOC. Invoices will be sent to CNOOC together with appropriate documentation, provided, however, that the scope of activities
and cost estimates have been approved in advance and in writing by CNOOC. 
  

	 	6.	Voyage 

 At any time during the Sub-Charter Period, the Charterer is entitled to use the
Vessel in LNG Carrier Mode and order the Vessel on a Voyage. Charterer shall inform in writing Owner of his intention to use the Vessel in LNG Carrier Mode and Owner shall as soon as reasonably possible and in all cases within a maximum ***** days
of receipt of said notice, inform the Charterer when at the soonest the Vessel can proceed to said Voyage, being understood that this date shall not be later than ***** days after receipt of Charterer’s notice. 

If Owner is requested by Charterer to prepare the Vessel for a Voyage including but not limited to removal of any fouling, then to the extent
not covered by paragraph 1.2 of Schedule III, Charterer shall reimburse Owner for the documented related costs within ***** days of receipt of Owner’s invoice. 

Notwithstanding anything to the contrary in the Charter, during a Voyage Owner shall not be deemed to be in breach of any provisions of the
Charter to the extent such breach is caused by or otherwise directly attributable to the use of the Vessel in FSRU Mode. 

  
 16 

 Unless Owner has been allowed to perform Voyage preparations in order for the Vessel to meet its
original performance guarantees of the Charter, Clauses 27(a)(i)-(ii), the part of Clauses 27(c)(i) pertaining to speed and the part of Clause 27(c)(ii) pertaining to fuel oil consumption (not related to excess boil off) shall not apply to any
Voyage. 
  

	 	7.	Reinstatement Work to the Vessel 

 At the expiry of the Sub-Charter the Vessel shall
proceed to the Reinstatement Yard where Owner shall arrange for the Reinstatement Work being carried out for Charterer’s time, risk and expense. 

Owner shall provide to Charterer a proposed Reinstatement Specifications, which scope time and related costs shall be mutually agreed to by
the Parties. Charterer shall reimburse Owner for the documented cost of the Reinstatement Work and compensate Owner for Owner’s own reasonable and documented costs related to the Reinstatement Work to the extent not covered by paragraph 1.2 of
Schedule III, including but not limited to the cost of supervision, administration and follow up of the Reinstatement Work (to the extent not covered by paragraph 1.2 (c) (i) of Schedule III), within ten (10) days of receipt of
Owner’s invoice. 
 Notwithstanding anything to the contrary in the Charter, the Vessel shall be on hire, and the performance
warranties set out in Clause 27 of the Charter shall not apply, for the duration of the Reinstatement Work, the time of which shall be deemed to include the Vessel’s deviation time from the FSRU Terminal, time spent at, and time spent returning
from the Reinstatement Yard until the Vessel has regained a position equivalent to that when the Vessel deviated for the Reinstatement Work, and such time shall not for the avoidance of doubt count against the Drydocking Allowances or the
Unscheduled Maintenance Allowances set forth in the original Clause 25(d) of the Charter, or the Maintenance Allowance set forth in Clause 25(d) as amended by this Addendum No. 2. 

 

	 	8.	Indemnities 

  

	 	8.1	Charterer shall indemnify and hold Owner harmless from any charges, costs, expenses, claims, liabilities and losses whatsoever (except for charges, costs, expenses, claims, liabilities and losses relating to the tax
implications addressed in Clause 8.2 below) which Owner may incur as a consequence of the Sub-Charter, except only to the extent resulting from Owner’s material failure to comply with the terms of the Charter, this Addendum, or any other
addenda or other amendment to the Charter, where such material failure is found to result directly in the harm underlying the third party claim(s) in respect of which Owner invokes the foregoing indemnity. 

 

	 	8.2	     

  

	(a)	Charterer shall always be liable for and shall indemnify and hold Owner harmless against all the People’s Republic of China tax implications for Owner whatsoever and howsoever arising, including but not limited to
business tax, local surcharges, income tax and individual income tax, withholding tax on hire, any tax relating to the importation, stay or exportation into and from the People’s Republic of China (as the case may be) of the Vessel (including
related materials and/or equipment) and/or the presence of the Vessel as FSRU in the People’s Republic of China. 

  
 17 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	(b)	Notwithstanding the foregoing, Owner shall take reasonable measures to mitigate where reasonably and practically possible its Tax exposure related to its presence in China by rotating where reasonably practicable the
crew thereby mitigating Owner’s liability to pay income tax or social security charges for its crew in China, if requested to do so by Charterer provided always that Owner finds the request reasonable. 

 

	 	9.	Costs and Expenses 

 Charterer shall compensate Owner for all time spend and all
reasonable and documented costs and expenses incurred by Owner in connection with or related to (i) CNOOC, the Project and/or the Sub-Charter, and/or (ii) the negotiation, preparation and completion of this Amendment No. 2 and any
other documents related to the Sub-Charter, including but not limited to reasonable travel expenses and legal costs, provided however that such costs have been approved in advance and in writing by Charterer. 

The following costs are deemed to be approved in advance and in writing by Charterer as per the date of this Amendment No. 2: 

 

	(a)	Any legal costs incurred or which may incur, for the owner’s account under the Facility Agreement between the Owner and Owner’s Financiers in connection with or related to the negotiation, preparation and
completion of this Amendment No. 2 and any other documents related to the Sub-Charter; 

  

	(b)	Up to NOK ***** for Owner’s external legal cost in connection with or related to the negotiation, preparation and completion of this Amendment No. 2 and any other documents related to the Sub-Charter,
documented by copies of the relevant invoices; and 

  

	(c)	USD ***** for Owner’s reasonable and documented costs and expenses incurred by Owner in connection with or related to (i) CNOOC, the Project and/or Sub-Charter and/or (ii) the negotiation, preparation and
completion of this Amendment No. 2 and any other documents related to the Sub-Charter, provided these costs are not already included as operating costs or in the management fee paid for by Charterer to Owner under the Charter.

  

	 	10.	Confirmation 

  

	 	10.1	The Charterer hereby represents, warrants and confirms that the Sub-Charter contains provisions: 

  

	(a)	expressly acknowledging the existence of the mortgage over the Vessel executed by the Owner in favour of the Mortgagee as Security Trustee for a syndicate of lenders and registered at the Norwegian International Ship
Register; 

  

	(b)	expressly acknowledging that CNOOC’s rights under the Sub-Charter are subject and subordinate to the Owners’ rights under the Charter (with effect that, without limitation, CNOOC shall not assert any claim
against the Owner or the Vessel by reason of any breach by the Charterer of the Sub-Charter; and 

  

	(c)	agreement that CNOOC shall not assert any claim against the Owner for wrongful interference with CNOOCs’ rights (or any similar or equivalent claim) in respect of any actions taken by the Owner in compliance with
the Charter. 

  
 18 

	 	10.2	The Charterer confirms, for the avoidance of doubt, that clause 29(b) of the Charter covers any lien on the Vessel or claim against the Owner asserted by CNOOC arising out of or in connection with the Sub-Charter or in
breach of the provisions of the Sub-Charter referred to in Clause 10.1 and the Charterer shall indemnify the Owner against the consequences of (i) any such lien or claim and (ii) any breach by the Charterer of Clause 10.1.

  

	 	11.	Third party rights 

 No-one who is not a party to the Amendment No.2 shall have any rights under it by
reason of the Contracts (Rights of Third Parties) Act 1999 except that the Mortgagee shall have the benefit of and may enforce the provisions of Clause 10 above. 
  

	 	12.	Law and arbitration 

  

	 	12.1	This Amendment No. 2 shall be governed by and construed in accordance with English law. 

  

	 	12.2	The dispute resolution provisions of clause 53 of the Charter shall apply to this Amendment No. 2 as if set out in full in this Amendment No. 2. 

 

	 	13.	Effective date 

 This Amendment No. 2 shall be fully effective on the later of the date it is
executed by both parties and the date the Mortgagee’s consent is given, as required by the terms of the Owner’s financing documents (and the Owner shall promptly confirm to the Charterer on such consent being given by the Mortgagee).
However, clause 9 of this Amendment No. 2 shall be fully effective on the date this Amendment No. 2 is executed by both parties. 

  
 19 

 IN WITNESS WHEREOF the Parties have executed this Amendment No. 2 in triplicate as of the date above first
written. 
  

							
	For and on behalf of Charterer:	 		 	Witness
			
	 /s/ FRANCIS BRETNACHER
	 		 	 /s/ CHRISTINE ABEZA

				
	Name:	 	Francis Bretnacher	 		 	Christine Abeza
	Title: 	 	Managing Director	 		 	Senior International Counsel
			
	For and on behalf of Owner:	 		 	Witness
			
	 /s/ THOMAS THORKILDSEN
	 		 	 /s/ SEIICHIRO KANEMITSU

				
	Name:	 	Thomas Thorkildsen	 		 	Seiichiro Kanemitsu
	Title: 	 	Attorney-in-fact	 		 	Mitsui O.S.K. Bulk Shipping (Europe) Ltd.

  
 20 

 Schedule 1 

MAIN PARTICULARS OF VESSEL WHEN OPERATING IN FSRU MODE 

1.1 PREAMBLE 
  

			
	Ship’s name	  	GDF SUEZ CAPE ANN
		
	Owner	  	SRV Joint Gas Two Ltd.
		
	Flag - Registry	  	NIS
		
	Builder	  	Samsung Heavy Industries Co., Ltd, Korea
		
	Delivery	  	0lst June 2010
		
	Class	  	X1A1 Tanker for Liquefied gas, ship type 2G (Membrane tank, Maximum pressure 25 kPaG, Minimum temperature -163°C), NAUTICUS (Newbuilding) PLUS-2, CSA-2, CLEAN, COAT-2, E0,
F-AMC, ICS, TMON, DYNPOS-AUT, STL, BIS, NAUT-AW

  

			
	 GRT/NRT

	International	  	97,100
	Suez	  	98,727.21
	
	 Is vessel approved?

	USCG	  	Yes
	IMO	  	Yes

  
 21 

 1.2 HULL 
  

					
	 	  	 Meters
	  	 Feet

	LOA	  	283.0611	  	928,54
	LBP	  	270.04	  	885.83
	 Breadth
	  	43.40	  	142.39
	 Depth
	  	26.00	  	85.30
	 Keel to highest point
	  	55.3	  	181.4
	 Air draught (folded mast)
	  	40.4	  	132.5
	 Assumed ballast draught
	  	9.6	  	31.5

							
	Summer Load Line	 	12.4 m	 	Corresponding Deadweight	 	80,857mt
	TPC at design draft 11.4 m	 	100.3 mt/cm

  

					
	 Mean draft with full bunkers and full cargo

	 Specific Gravity
	 	 Mean draft
	 	 Corresponding DW

	0.47 mt/m^3	 	11.64 m	 	73,143 mt

  

			
	 Communication equipment

		
	International call sign	 	LADW7
		
	Radio station	 	MMSI 257352000
		
	Satcom B	 	FLEET 77
		
	- Telephone/telex	 	 TEL 764915932
  

TLX 600963967

		
	- Telefax	 	
		
	Satcom C Telex	 	 TLX No.1 425735210
  

TLX No.2 425735211

 1.3 MACHINERY 
  

			
	 Main Engine

	Type	  	 Wartsila: 12V50DF x 3 units
  

Wartsila: 6L50DF x 1 unit

		
	Max. Cont.	  	3 x 11,400 kW + 1 x 5,700 kW
		
	Grade fuel used	  	 Fuel oil specification for main engines:

 
 MDO: ISO 8217:2010 DMB

 
 When calling ECAs

  
 22 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

			
		  	 (maximum sulphur content 1%):
  

ISO 8217:2010 DMB max. sulphur 1%
  

When calling European ports (EU 2005/33

limiting sulphur content to 0,1%):
  

MGO: ISO 8217:2010 DMA ,
  

Boil-off gas
  

Heavy Fuel Oil

 

			
	 Other machinery

	 Propeller
	  	1 Fixed Pitch,
		
	 Bow Thrusters
	  	 2,000 kW x 2 units
  

6.6 kV, Controllable Pitch, 4-bladed, Ni-Al-Bronze

		
	 Stern Thrusters
	  	 1,200 kW x 2 units
  

6.6 kV, Controllable Pitch, 4-bladed, Ni-Al-Bronze

  

			
	 Speed/Consumption (propulsion power only) when operating in LNG
Carrier Mode

	Guaranteed speed (Round trip, Beaufort Force 5)	  	19.5 knots
	Average consumption on guaranteed speed	  	 ***** tons MDO/day (main engine)

***** tons HFO/day (main engine)

  

																					
	 Maximum fuel consumption when operating in LNG Carrier Mode with no regas

operations (for information only)

	Loading:	 		 		 		 	23 tons/day
	Discharging (conventional):	 		 		 		 	36 tons/day
	Anchorage (MDO mode):	 		 		 		 	8.3 tons/day
	
	 Total fuel consumption when operating in FSRU Mode (for information
only)

	Regas rate (mmscuf/day)	 	120	 	250	 	450	 	500	 	600	 	712.5	 	750
	Regas rate (mt/hour)	 	101	 	210	 	378	 	420	 	504	 	599	 	630
	Fuel consumption, NG (mt/day)	 	*****	 	*****	 	*****	 	*****	 	*****	 	*****	 	*****
	Fuel consumption, MDO (mt/day)	 	*****	 	*****	 	*****	 	*****	 	*****	 	*****	 	*****

  
 23 

 Note: 
 Gas
consumption at DF engine(s) and 2 regas boilers based on Low Calorific Value (LCV) of 49,900 KJ/kg 
 Diesel oil consumption as pilot fuel at DF engine(s)
based on Low Calorific Value (LCV) of 42,700 KJ/kg 
  

															
	 Permanent bunkers capacity
	 
	 HFO
	  	 	4,311 m^3	  	  	 	                 	  	  	MDO/MGO	  	 	1,399 m^3	  
		  				  				  		  	  
	  
	 
		  				  				  	TOTAL	  	 	5,710 m^3	  
		  				  				  		  	  
	  
	 

 1.4 CARGO INSTALLATION 
  

																													
	 Transportable products and respective quantities *)
	 
	 Tank
No.
	 	20 °C
100%
M3	 	 	-163 °C
98.5 %
M3	 	 	-163 °C
98.5%
MT
S.G. 0.47	 	 	-163°C
70%L
M3	 	 	-163°C
70%H
M3	 	 	-163°C
10%L
M3	 	 	-163°C
10%H
M3	 
	1	 	 	19,404	  	 	 	19,113	  	 	 	8,983	  	 	 	12,542	  	 	 	13,212	  	 	 	1,426	  	 	 	1,490	  
	2	 	 	41,913	  	 	 	41,284	  	 	 	19,404	  	 	 	41,913	  	 	 	31,247	  	 	 	6,635	  	 	 	3,946	  
	3	 	 	41,913	  	 	 	41,284	  	 	 	19,404	  	 	 	41,913	  	 	 	31,244	  	 	 	6,635	  	 	 	3,945	  
	4	 	 	41,916	  	 	 	41,287	  	 	 	19,405	  	 	 	41,916	  	 	 	31,246	  	 	 	6,636	  	 	 	3,947	  
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	Total	 	 	145,146	  	 	 	142,969	  	 	 	67,195	  	 	 	138,284	  	 	 	106,948	  	 	 	21,332	  	 	 	13,329	  
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 

 (Please Note that the Heights and Volume for 10% and 70% of Tank Height are only applicable limits when the SRV is
operating at sea) 
  

	*)	Approx. figures per 1 July 2009 based on a cargo specific gravity of 470 kg/m^3 

The cargo tank system is GTT Mark III, reinforced to all cargo tank area except tank bottom in accordance with GTT document N500 CR009. 

 

			
	Scantlings of the cargo tanks are based on a maximum density of cargo of 500 kg/m3.
	
	 Tank working pressure

	Maximum pressure	  	25 kPa gauge
	Minimum pressure	  	-1 kPa gauge
	Minimum temperature acceptable in tanks	  	-163°C

  
 24 

			
	 Acceptable cargo filling levels

	 Lower criteria
	 	Below 10% of cargo tank height
	 Upper criteria
	 	Above 70% of cargo tank height

  

																									
	 Discharging time for regasified LNG

	 Regas rate (mmscuf/day)
	  	120	  	250	  	450	  	500	  	600	  	712.5	  	750
	 Regas rate (mt/hr)
	  	101	  	210	  	378	  	420	  	504	  	599	  	630
	 Regas duration (days)
	  	26.0	  	12.5	  	7.0	  	6.3	  	5.2	  	4.4	  	4.2

 1.5 CARGO MACHINERY 
  

			
	Cargo pumps	  	1,700 m^3/h @155 mlc x 8 units
		
	Cargo pump location	  	2 in each cargo tank
		
	Max permissible specific gravity	  	500 kg/m
		
	Time for discharging full cargo using all cargo pumps against no backpressure	  	12 hours, excluding time for connecting, disconnecting, cooling down, topping up and custody transfer measurement
	Unpumpable cargo volume	  	 491 m^3

Assuming full trim and using stripping/spray pumps

		
	Heel LNG for cooling down	  	500 m^3
		
	Fuel LNG for ballast voyage	  	3,300 m^3
		
	Cargo remaining onboard in cargo tanks after completion pumping	  	5,250 m^3
		
	Spray pumps	  	 50m^3/h @145

mlc x 4 units

		
	Fuel Gas Pumps	  	40m3/h@ 215m1c x 2 units
		  	Located in tank No. 3 and 4
		
	Emergency cargo pump/ LNG Feed Pump	  	 650m^3/h @145 mlc x 3 units

Located in tank No. 2, 3 and 4

  
 25 

			
	High duty cargo compressor	  	32,000 m^3/h x 2 units
	Low duty cargo compressor	  	4,350 m^3/h x 2 units
	Nitrogen plant	  	120 Nm^3 x 2 units
	Inert gas plant	  	14,000 Nm^3/h x 1 unit

  

			
	 Composition of inert gas

	Carbon dioxide, CO2	  	Max 14% by volume
	Oxygen max., O2	  	1.0% by volume
	Carbon monoxide max. ; CO	  	100 ppm
	HC	  	0%
	Soot	  	Bacharach 0
	Sulphur oxides max., Sox	  	10 ppm
	Nitrogen oxides max. ; NOx	  	100 ppm
	Remainder	  	N2, H2, Air
	Dewpoint	  	-45°C at atm.
	Grade fuel used	  	DMA: ISO 8217
	Discharge pressure	  	Max. 25 kPaG

  

			
	State if any shore supply of liquid nitrogen may be required NO
	May be required for purging of tanks and insulation spaces
	What quantity?	  	N/A
	
	 Gas freeing

	Can this operation be carried out at sea?	  	Yes
	
	 Heaters

	Cargo Vapor Heater (warm-up)	  	16,940kg/h x 2 units (-125°C to 0°C)
	Cargo Vapor Heater (boil-off)	  	4,730kg/h x 2 units (-100°C to 45°C)

  
 26 

			
	 Guaranteed boil-off rates

	At berth condition	  	0.16% / 24h

  

			
	 Fuel Gas Vaporizers

	LNG vaporizer	  	23,970 kg/h x 1 unit
	Forcing vaporier	  	5,800 kg/h x 1 unit

 1.6 MEASURING APPARATUS 
  

					
	 	 	 Type and location
	 	 Number

	 Primary level gauge system
  

Secondary level gauge system
	 	 Radar sensor, top of each tank
  

Radar sensor
	 	 4
  

4

			
	 Cargo temperature
	 	 Temperature Sensor;
  

Vapor space at liquid dome +
  

Liquid space (0,10,50,95%) on tank bottom and pump column
	 	 40
  

2 x 5 in each tank

			
	Absolute pressure transmitter	 	Vapor dome of each tank	 	4

 1.7 CARGO LINES 
  

			
	Is vessel fitted with midship manifolds	  	Yes, 2
	Distance from cargo manifold to stem (FP)	  	132 m
	Distance from manifold to stern (AP)	  	138 m
	Height cargo manifold above deck	  	4.8 m
	Height manifold above working platform	  	1.4 m
	 Height cargo manifold above waterline when light
	  	21.2 m
	Height cargo manifold above waterline when loaded	  	19.4 m
	Distance manifold from ship’s rail	  	3.15 m
	Distance between loading and vapor return connections	  	3.0 m
	Is vessel fitted with stern discharge	  	No
	Is vessel fitted with fore discharge	  	No

  
 27 

					
	 Dimension of lines

	 	 	 Diameter
	 	 Flange size

	Liquid	 	400 mm	 	16”
	Vapour Line	 	400 mm	 	16”

  

					
	 What reducers onboard

	 Number
	 	 Diameter
	 	 Pressure rating

	3	 	16”/12”	 	10 kg/cm^2

 1.8 LNG REGASIFICATION SYSTEM 
  

			
	 Liquid inlet conditions:
	  	
		
	 Pressure
	  	5 bara
		
	 Temperature
	  	-160°C (256°F)
		
	 Liquid volume flow
	  	479.8 m.^3/h x 3 units
		
	 Composition (mass %)
	  	Typical Trinidad composition as *)
		
	 Gas outlet condition:
	  	
		
	 Volume
	  	60 -250 mmscuf/day x 3 units
		
	 Pressure
	  	50-114 bar
		
	 Temperature
	  	10-20 °C
		
	 Capacity
	  	210,000 kg/hr x 3 units
		
	 LNG booster pump number
	  	6 units
	 LNG booster pump discharge pressure
	  	120 bar
	 LNG booster pump suction pressure
	  	5 bar
	 LNG.booster pump temperature
	  	-160°C
		
	 Steam pressure from boilers (saturated)
	  	28 kg/cm^2
		
	 LNG/brine Shell & Tube Heat exchanger
	  	3 units
	 Steam/brine PCHE
	  	 3 units
  

Separate steam and condensate section

each unit

	 Brine circulation pump
	  	680 m^3/h x 6 units

  
 28 

	*)	Composition of Trinidad LNG: 

  

	 	•	 	Methane 96.17% 

  

	 	•	 	Ethane 2.74% 

  

	 	•	 	Propane 0.76% 

  

	 	•	 	1-buthane 0.17% 

  

	 	•	 	N-Buthane 0.15% 

  

	 	•	 	Nitrogen 0.01% 

 1.9 GAS METERING SYSTEM 

 

			
	Ultrasonic Gas Metering System	  	Ultrasonic gas flow meters x 2 units
		
		  	Pressure transmitters x 2 units
		
		  	Temperature transmitters x 2 units
		
	Gas Analyzer System	  	Sample probe x 2 unit
		
		  	Gas chromatographs x 2 units
		
		  	Supplementary Gas Chromatograph x 1 unit
		
		  	Analyzer cabinet x 1 unit
		
	Metering Control System	  	Metering cabinet x 1 unit
		
		  	Flow computers x 2 units
		
		  	Supplementary flow computers x 2 units

 1.10 BALLAST SYSTEM 
  

			
	Pumps	  	Particular
	No	  	Three (3)
	Type	  	Vertical single stage, centrifugal
	Prime mover	  	Electric motor
	Discharge rate	  	2,500 m3/h
	Total head	  	30 mwc (S.G.: 1.025)

  
 29 

 1.11 ODORANT INJECTION SYSTEM 

 

			
	Odorant	  	Mercaptan Mixture
	Injection Rate	  	1.01b/mmscf
	Injection Pumps	  	2 x 100%
	Injection Controllers	  	2 x 100%
	Injection Point	  	1
	Storage Tank	  	

 1.12 LIFTING DEVICE 
  

							
	 Location
	  	 Aft
	  	 Amidships
	  	 Fwd

		  	STB and Port	  	Manifold area  

Stb and Port
	  	Regas and STL area
				
	Number and lifting capacity	  	1 x 15 mt SWL
 (STB)

 
 1 x 5 mt SWL

(Port)
	  	2 x 12 mt SWL	  	1 x 10 mt SWL (Hs <
0.5m)  

1 x 8 mt SWL (Hs < 1.0m)

				
	Max. distance from ship’s side of lifting hook	  	5 m	  	5 m	  	6 m

  
 30 

 Appendix 1 

DESCRIPTION OF MODIFICATION WORK 
  

	1.	High Pressure Manifolds 

 4 pcs high pressure manifolds will be installed with automatic
valves, two each side (one as a forward extension of existing cargo manifold and one further forward). The piping for the high pressure manifolds will be routed from gas send out from regasification plant to the high pressure manifolds via T-piece
and 1 pce manual valve in order to select whether to send gas to shore manifolds or via turret. If gas is sent to high pressure manifolds, the turret will be blinded with 1 pce spectacle flange. 

See general arrangement drawing for the high pressure manifolds (11-N3813-042-03), material list for same (11-N3813-042-04) and valve list
for same (Valve List HP Line). 
  

	2.	Segregation of Individual Regasification Skids 

 In order to carry out maintenance on
individual skids, while other skids are being operated, the following will be installed to isolate and allow gas freeing of individual skids: 6 pcs block valves per skid, 6 pcs bleed valves per skid and 3 pcs spectacle flanges per skid to isolate
individual skids. In addition, 1 pce block valve and a drain line will be installed to allow draining and purging of isolated skids. 

See P&ID for the regasification plant (Regas Plant Redundancy Upgrade Rev01) and attached valve list for same (Valve List Redundancy
Upgrade Rev01). 
  

	3.	Increase Redundancy on Key Components of the Regasification Plant 

 Control of LNG inlet
to suction drum: 2 pcs automatic valves, 4 pcs block valves and 8 pcs bleed valves. 
 Control of vapour return to suction drum: 2 pcs
automatic valves, 4 pcs block valves and 4 pcs bleed valves. 
 Control of gas return to suction drum: 1 pce automatic valve, 4 pcs block
valves, 2 pcs spectacle flanges and 10 pcs bleed valves. 
 Pressure relief valve from suction drum to safety header: 2 pcs block valves and
1 pce bleed valve. 
 Pressure relief valve from LNG inlet on suction drum to safety header: 2 pcs block valves and 1 pce bleed valve. 

Pressure relief valve from suction drum drain line to safety header: 2 pcs block valves and 1 pce bleed valve. 

  
 31 

 Pressure relief valve on gas return from suction drum to safety header: 1 pce safety valve, 4 pcs
block valves and 2 pcs bleed valves. 
 See attached P&ID for the regasification plant (Regal Plant Redundancy Upgrade Rev01) and
attached valve list for same (Valve List Redundancy Upgrade Rev01). 
  

	4.	Cargo Control Systems, ESDS and Ship-Shore Link 

 Control and feedback of additional
valves need to be incorporated in the control system, including selection of duty/stand-by valves. 
 Feedback from additional pressure
sensors need to be incorporated in the control system. 
 Isolation of individual components/systems, e.g. isolate individual skids to
prevent alarms during maintenance. 
 Ensure cargo loading and gas production can run simultaneously. 

Incorporate new high pressure manifold valves in ESDS system. 

Prepare system for site-specific communication and information exchange over Ship-Shore Link. 

 

	5.	Miscellaneous other minor 

 Installation of 1 pce block valve and re-arrange piping in
engine room, allowing any of the general service pumps to be used for sea water cooling of atmospheric condenser for regasification boilers and other minor upgrades. 

  
 32 

 From: GDF Suez LNG Supply AS (“GDFSLNGS”) 

To: SRV Joint Gas Two Ltd (“SRVJGT”) 

17 November 2013 
 Dear Sirs, 

 

	1	Reference is made to: 

  

	 	(a)	Amendment No. 2 dated 20 June 2012 (“Amendment No. 2”) to the SRV LNG Carrier Time Charterparty dated 20 March 2007 between ourselves (the “Charter”) in respect of
the m.v. GDF SUEZ CAPE ANN (the “Vessel”); 

  

	 	(b)	the Conditions of Use in a form agreed between us to be entered into from time to time by the Master of an LNG Tanker on behalf of the Vessel Interests (as therein defined) and the Terminal Interests (as therein
defined) (each a “COU”); and 

  

	 	(c)	the Port Liability Agreement entered into or to be entered into among each of ourselves, CNOOC Tianjin LNG Limited Company (“CNOOC JV”) and CNOOC Gas & Power (“CNOOC”) (the
“PLA”). 

  

	2	The purpose of this letter agreement is to confirm and agree certain matters, as between ourselves, in relation to the terms of Amendment No. 2 on the one hand and each COU and the PLA on the other hand. In
particular, it is meant to clarify the scope of the indemnity in clause 8.1 of Amendment No. 2 as that indemnity relates to the tortious acts of SRVJGT, its parent company, and its subsidiaries, affiliates, employees, agents and subcontractors
(of any tier) (the “SRVJGT Group”) under the Charter (as amended). 

  

	3	It is agreed that, as between ourselves, the sub-charter to CNOOC (as the rights of CNOOC thereunder are, or are to be, assigned by CNOOC to CNOOC JV, with CNOOC and CNOOC JV having joint and several liability for all
obligations, with references below to the “sub-charter to CNOOC” being construed accordingly), the COU and the PLA are not intended to impose upon SRVJGT or the SRVJGT Group any greater liability than that contemplated by the Charter (as
amended) and further, notwithstanding anything to the contrary in the COU or the PLA, the indemnity by GDFSLNGS in clause 8.1 of Amendment No. 2, subject only to the confirmation, clarification and agreement in paragraph 4 below, covers all
liabilities which would not, under the original Charter, without any sub-charter to CNOOC, have been suffered by SRVJGT or the SRVJGT Group. 

  

	4	It is confirmed, clarified and agreed as follows: 

  

	 	(a)	that clause 8.1 of Amendment No. 2 shall not apply to any liability specifically addressed by clause 8 of the PLA or by clause 68 of the Charter (as amended) (together, “Specified Liabilities”),
which provisions shall subsist and be construed in accordance with their terms regardless of where any Specified Liabilities may be suffered or incurred (including during any use or operation of the Vessel as an FSRU in China or as a
conventional LNG carrier in China) and regardless of the nationality of the party or parties to whom any Specified Liabilities are incurred (and Specified Liabilities are hereby confirmed to be liabilities which do not fall within the scope of the
words “as a consequence of the Sub-charter” in clause 8.1 of Amendment No. 2); 

	 	(b)	that SRJVG’s liability for any tortious act (which includes negligence) by SRVJGT or any member of the SRVJGT Group to any third party shall be treated in the same manner as such tortious act would be treated under
the Charter, and the fact that any such tortious act may be committed during operation of the Vessel as an FSRU in China or as a conventional LNG carrier in China) or elsewhere shall not change the allocation of liability which would otherwise apply
as a consequence of such tort occurring under the Charter; nor shall the geographical location of any tortious act or the nationality of the party or parties injured by such tortious act(s) affect in any way the allocation of liability
therefor. The fact that a tortious act to any third party is committed by SRJVGT or any member of the SRVJGT Group while operations are conducted under a Sub-charter does not affect in any way the culpability and liability of SRJVG for such
tortious act(s) (and liability for such acts shall be treated as if they had occurred under the Charter); and any resulting loss suffered by the SRVJGT Group shall not be covered by the indemnity in clause 8.1 of Amendment No. 2 (i.e., such
acts were not contemplated by SRVJGT and GDFSLNGS as falling within the scope of the words “as a consequence of the Sub-charter” in clause 8.1 of Amendment No. 2) save and except that any indemnities or limitations or exclusions of
liability available to SRJVG under the Charter (excluding clause 8.1 of Amendment No. 2) shall apply and shall be available to SRJVG in respect of any liability arising from use of the Vessel by CNOOC and/or CNOOC JV as an FSRU in China or as a
conventional LNG carrier in China or elsewhere; 

  

	 	(c)	that, with reference to and notwithstanding clauses 2.1.5 and 4.1.5 of the PLA, GDFSLNGS shall be responsible for and indemnify SRVJGT against the latter’s share of liability under those clauses; 

 

	 	(d)	that sub-clauses (a) and (b) above address more specifically the issues addressed by the wording beginning “except only...” to the end of clause 8.1 of Amendment No. 2 and such words are
accordingly agreed to be deleted; and 

  

	 	(e)	that the indemnities in clause 8 of Amendment No. 2 shall extend to and for the benefit of each member of the SRVJGT Group and that each member of the SRVJGT Group shall have the benefit of and may enforce the
provisions of clause 8 thereof notwithstanding clause 11 of Amendment No. 2. 

  

	5	It is further agreed as follows: 

  

	 	(a)	that in the event of any inconsistency between (i) Amendment No. 2 (as clarified and amended by this letter agreement) and (ii) any COU and/or the PLA, the provisions of Amendment No. 2 (as herein
clarified and amended) shall prevail; 

  

	 	(b)	that clause 8 of the PLA shall, as regards its scope and subject matter (ie “... the use or operation of the Terminal or otherwise in connection with the Terminal...”), take precedence over clause
63 of the Charter; 

  

	 	(c)	that specifically in relation to clause 12.1 of the PLA, that clause shall not, as between GDFSLNGS and SRVJGT, operate to supersede or replace Amendment No. 2 or this letter agreement (such clause 12.1 only being
agreed in its final form at the insistence of CNOOC and CNOOC JV, otherwise language to the same effect as this sub-clause (c) would have been included in such clause 12 itself); and 

 

	 	(d)	that GDFSLNG shall not vary, waive, modify or fail to enforce those provisions of the sub-charter to CNOOC referred to in clause 10 of Amendment No. 2. 

	6	No person who is not a party to this letter agreement shall have any rights under it by virtue of the Contracts (Rights of Third Parties) Act 1999. 

 

	7	This letter agreement, and any non-contractual obligations arising out of it, shall be governed by and construed in accordance with English law. 

 

	8	The dispute resolution provisions of clause 53 of the Charter shall apply to this letter agreement as if set out in full herein. 

  

	9	Please indicate your agreement to the matters set out above by executing the form of acknowledgement below. 

  

			
		 	Yours faithfully
		
		 	/s/ FRANCIS BRETNACHER
		 	Francis Bretnacher
		 	 Managing Director

		 	For and on behalf of
		 	GDF Suez LNG Supply AS

 We hereby agree to the matters set out in the above letter 

 

			
		 	/s/ ØRJAN HOMME
		 	 Ørjan Homme

		 	 For and on behalf of

		 	SRV Joint Gas Two LtdEX-10.18

 EXHIBIT 10.18 

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY
FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 
 EXECUTION
VERSION 
 AMENDMENT AND RESTATEMENT AGREEMENT OF THE ORIGINAL 

LEASE, OPERATION AND MAINTENANCE AGREEMENT dated 25 January, 2012 

between 
 PT Perusahaan Gas
Negara (Persero) Tbk 
 and 

Höegh LNG Ltd. 

Dated:17 October 2012 

 This Amendment and Restatement Agreement (“Agreement”) is made on 17 October 2012
between: 
  

	(1)	PT Perusahaan Gas Negara (Persero) Tbk, a state-owned limited liability company duly established under the laws of Republic of Indonesia, having its principal office at Jl. K.H. Zainul Arifin No. 20, Jakarta 1140,
Indonesia (the “Company”); and 

  

	(2)	Höegh LNG Ltd., a limited liability company duly organized and existing under the laws of Bermuda, having its principal office at Canon’s Court, 22 Victoria Street, Hamilton HM12, Bermuda (the
“Owner”), 

 together the “Parties” and each a “Party”. 

Recitals 
  

	A.	The Parties have entered into the Original LOM Agreement in connection with the development of the Project at Medan in North Sumatra, Indonesia. 

 

	B.	In order to comply with a direction from the Government of Indonesia to Company to situate the Project at Lampung in South Sumatra, Indonesia, the Parties have agreed amendments to the Original LOM Agreement to give
effect to the Government of Indonesia’s direction. 

  

	C.	The Parties have agreed to amend and restate the Original LOM Agreement in accordance with the terms of this Agreement. 

Operative Provisions 
  

	1.	INTERPRETATION 

  

	1.1	In this Agreement the following words and expressions shall have the following meanings, unless the context otherwise requires. 

“Effective Date” shall mean the date of signature of this Agreement. 

“Original LOM Agreement” means the Lease, Operation and Maintenance Agreement and all of the schedules and appendices thereto,
dated 25 January 2012 between the Company and Owner. 
 “Project” means the Medan FSRF Project in North Sumatra,
Indonesia. 
 “Restated LOM Agreement” means the Original LOM Agreement as amended and restated by this Agreement in the
form set out in Schedule 1. 
  

	2.	RESTATEMENT OF THE ORIGINAL LOM AGREEMENT 

  

	1.2	With effect from the Effective Date, the Original LOM Agreement shall be amended and restated in the form set out in Schedule 1 hereto so that the rights and obligations of the Parties shall be governed by and construed
in accordance with the provisions of the Restated LOM Agreement as if the Original LOM Agreement had been executed in the form of the Restated LOM Agreement. 

  
 1 

	3.	GOVERNING LAW 

 This Agreement shall have effect as if Clauses 38.2 and 39 of the Original LOM Agreement
were set out herein. 
 This Agreement is governed by and is to be construed in accordance with the laws and regulations of the Republic of Indonesia. 

 

	4.	WAIVER OF CLAIMS 

 By executing this Agreement and being bound by the terms set out herein, the Parties
expressly agree that any claim, liability, dispute, or action they may have against each other arising before the Effective Date out of or in connection with the Original LOM Agreement, is hereby waived and extinguished. 

IN WITNESS WHEREOF, each Party has executed this Agreement on the date first above written. 

  
 2 

 Schedule 1 

Form of Amended & Restated Lease, Operation and Maintenance Agreement 

Form of Amended and Restated Schedules to the Lease, Operation and Maintenance Agreement 

  
 3 

 EACH OF THE UNDERSIGNED HEREBY UNDERTAKES THAT IT HAS READ THIS AMENDMENT AND UNDERSTANDS ITS ENGLISH CONTENTS,
AND THAT THIS AMENDMENT HAS BEEN ENTERED INTO FREELY AND WITHOUT DURESS AND THAT INDEPENDENT LEGAL ADVICE HAS BEEN GIVEN. 
  

	
	Signed for and on behalf of
	
	PT Perusahaan Gas Negara (Persero) Tbk
	
	 /s/ DJOKO SAPUTRO

	Signature
	
	 Djoko Saputro

	Name
	
	  

	Capacity
	
	  

	Date
	
	Signed for and on behalf of Höegh LNG Ltd.
	
	 /s/ RAGNAR WISLØFF

	Signature
	
	 Ragnar Wisløff

	Name
	
	  

	Capacity
	
	  

	Date

  
 4 

 EXECUTION VERSION 

AMENDED & RESTATED LEASE, 

OPERATION & MAINTENANCE 

AGREEMENT 
 between 

PT Perusahaan Gas Negara (Persero) Tbk 

and 
 Höegh LNG Ltd.

 TABLE OF CONTENTS 

 

							
	CLAUSE	 	 	  	PAGE	 
			
	1.	 	 DEFINITIONS AND INTERPRETATION
	  	 	1	  
			
	2.	 	 FSRU LEASE AND MOORING PROCUREMENT
	  	 	25	  
			
	3.	 	 FSRU LEASE PERIOD
	  	 	32	  
			
	4.	 	 FSRU&M SPECIFICATIONS AND CHARACTERISTICS
	  	 	34	  
			
	5.	 	 ALTERATIONS TO THE FSRU&M
	  	 	35	  
			
	6.	 	 DELIVERY, REDELIVERY AND CANCELLATION
	  	 	38	  
			
	7.	 	 BUNKERS AT DELIVERY AND REDELIVERY
	  	 	44	  
			
	8.	 	 COMPANY TO PROVIDE
	  	 	45	  
			
	9.	 	 OWNER TO PROVIDE
	  	 	45	  
			
	10.	 	 CONDUCT OF FSRU’S PERSONNEL
	  	 	48	  
			
	11.	 	 FSRU TEMPERATURE AND LNG RETENTION
	  	 	49	  
			
	12.	 	 HIRE
	  	 	50	  
			
	13.	 	 PAYMENTS OF HIRE
	  	 	50	  
			
	14.	 	 FSRU DEPLOYMENT AND OPERATION
	  	 	52	  
			
	15.	 	 ASSIGNMENT BY OWNER
	  	 	53	  
			
	16.	 	 ASSIGNMENT BY COMPANY
	  	 	54	  
			
	17.	 	 LOSS OF FSRU
	  	 	55	  
			
	18.	 	 OFF-HIRE
	  	 	55	  
			
	19.	 	 SHIP TO SHIP TRANSFERS
	  	 	56	  
			
	20.	 	 MAINTENANCE
	  	 	56	  
			
	21.	 	 WARRANTY COMPENSATION
	  	 	57	  
			
	22.	 	 FSRU&M PERFORMANCE REVIEW
	  	 	57	  
			
	23.	 	 INDEMNIFICATION
	  	 	58	  
			
	24.	 	 LIENS
	  	 	60	  
			
	25.	 	 FORCE MAJEURE
	  	 	61	  
			
	26.	 	 DEFAULT AND REMEDIES
	  	 	66	  
			
	27.	 	 SECURITY
	  	 	72	  
			
	28.	 	 LAYING-UP AND RELOCATION
	  	 	74	  
			
	29.	 	 CONDITIONS OF USE
	  	 	77	  
			
	30.	 	 INSURANCE
	  	 	77	  
			
	31.	 	 BUSINESS PRINCIPLES
	  	 	78	  

  
 i 

							
	32.	 	 DRUGS AND ALCOHOL
	  	 	78	  
			
	33.	 	 POLLUTION AND EMERGENCY RESPONSE
	  	 	79	  
			
	34.	 	 CONFIDENTIALITY
	  	 	79	  
			
	35.	 	 NOTICES
	  	 	81	  
			
	36.	 	 PURCHASE OPTION
	  	 	82	  
			
	37.	 	 EXPERT DETERMINATION
	  	 	82	  
			
	38.	 	 LAW AND ARBITRATION
	  	 	84	  
			
	39.	 	 GOVERNING LANGUAGE
	  	 	85	  
			
	40.	 	 MISCELLANEOUS
	  	 	86	  

  

					
	 Schedule 1 Specifications of FSRU
	  	 	1	  
		
	 Schedule 2 FSRU&M Performance Criteria and Warranty Compensation
	  	 	15	  
		
	 Schedule 3 Certificate of Acceptance and Certificate of Redelivery
	  	 	24	  
		
	 Schedule 4 Security
	  	 	26	  
		
	 Schedule 5 Insurance
	  	 	32	  
		
	 Schedule 6 Hire Rate and Adjustments
	  	 	36	  
		
	 Schedule 7 Owner Planned Maintenance System
	  	 	53	  
		
	 Schedule 8 Information to be Provided
	  	 	55	  
		
	 Schedule 9 Novation Agreement
	  	 	72	  
		
	 Schedule 10 Financing Requirements
	  	 	83	  
		
	 Schedule 11 Delivery Protocol
	  	 	85	  
		
	 Schedule 12 Purchase Terms
	  	 	89	  
		
	 Schedule 13 Nomination Procedure
	  	 	94	  
		
	 Schedule 14 Consents
	  	 	96	  
		
	 Schedule 15 Termination Amount and Acquisition Amount
	  	 	98	  
		
	 Schedule 16 Conditions of Use
	  	 	104	  
		
	 Schedule 17 Company Site Data
	  	 	107	  
		
	 Schedule 18 O&M Terms
	  	 	108	  

  
 ii 

 Amended and Restated Lease, Operation and Maintenance Agreement dated 17 October 2012 between:

 Parties 
  

	(1)	PT Perusahaan Gas Negara (Persero) Tbk, a state-owned limited liability company established under Indonesian Government Regulations and having its principal office at Jl. K.H. Zainul Arifin No. 20, Jakarta 1140,
Indonesia (the “Company”); and 

  

	(2)	Höegh LNG Ltd., a company established under the laws of Bermuda and having its registered office at Canon’s Court, 22 Victoria Street, Hamilton HM12, Bermuda (the “Owner”). 

Recitals 
  

	A.	Company is a majority state-owned Indonesian gas transportation and distribution company that is developing a LNG receiving terminal offshore Lampung, in the south of Sumatra, Indonesia for which it requires use of a
floating LNG storage and regasification unit and mooring. This agreement records the terms on which Owner shall (i) lease to Company, and operate and maintain, a floating LNG storage and regasification unit, and (ii) sell and operate and
maintain a mooring system. 

  

	B.	It is intended that before Acceptance the parties will enter into the Novation Agreement with an Affiliate of Initial Owner to be incorporated in Indonesia (that Affiliate, the “Indonesian Owner”),
whereupon Indonesian Owner shall become Owner. 

 Operative provisions 

 

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	Definitions 

 Words and expressions used in this agreement and its recitals shall have the
following meanings, unless the context requires otherwise: 
  

					
	“26.3 Cancellation Date”	 		 	 has the meaning given to that expression in Clause 26.3(d).

			
	“50% Acquisition Terms”	 		 	 has the meaning given to that expression in Schedule 15.

			
	“Acceptance Guarantor”	 		 	 means a Person no less creditworthy than the Indonesian Owner Guarantor on the Contract Date.

			
	“Acceptance”	 		 	 means the first to occur of (a) satisfaction of all the Acceptance Conditions and (b) deeming of Acceptance under Clause 6.6(b), 6.9 or
26.3(e).

  
 1 

					
	“Acceptance Conditions”	 		 	 has the meaning given to that expression in Clause 6.2.

			
	“Acceptance Minimum Requirements”	 		 	 has the meaning given to that expression in Schedule 2.

			
	“Acceptance Tests”	 		 	 means, until there is agreement of Acceptance Tests by the parties or their determination by an Expert under Clause 2.6(c), the tests that Good Industry
Practice require be conducted once the FSRU is at the Mooring to show that the FSRU meets the Acceptance Minimum Requirements in accordance with the procedures agreed under Clause 2.6(c)(i)(D) and the Delivery Protocol, except for tests in relation
to Boil-Off gas; and thereafter the tests so agreed or determined.

			
	“Acquisition Price”	 		 	 has the meaning given to that expression in Schedule 15.

			
	“Affiliate”	 		 	 means, in relation to any Person (the “first-mentioned Person”), any other Person that directly or indirectly, via any number of intermediaries,
is Controlled by, under common Control with, or Controls the first-mentioned Person.

			
	“Alteration”	 		 	 has the meaning given to that expression in Clause 5.1.

			
	“Anti-Bribery Laws”	 		 	 has the meaning given to that expression in Clause 31.1(b).

			
	“Applicable Amount”	 		 	 has the meaning given to that expression in Schedule 5.

			
	“Approved Bank”	 		 	 means a financial institution (including multilateral agencies and export credit agencies) whose long-term debt has a rating of at least “BB” by
Standard & Poor’s Rating Services or “Ba2” by Moody’s Investor Service, Inc. (or, if either such

  
 2 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

					
		 		 	 agency changes its rating system, the equivalent successor rating applied by such agency at the time in question).

			
	“Approved Letter of Credit”	 		 	 means an irrevocable standby letter of credit issued by an Approved Bank.

			
	“Arbitration Law”	 		 	 has the meaning given to that expression in Clause 38.2(f).

			
	“Arrival Time”	 		 	 means the time that the Notice of Readiness is given in accordance with Clause 6.1.

			
	“Banking Day”	 		 	 means each day, except Saturday and Sunday, when banks are generally open for business in all of: Jakarta, Indonesia; New York; Singapore; and Oslo,
Norway.

			
	“BKI”	 		 	 means PT Biro Klasifikasi Indonesia (Persero), or any successor body of the same.

			
	“Boil-Off”	 		 	 means the vapour which results from vaporisation of LNG in the FSRU’s cargo tanks.

			
	“Boil-Off Warranty Compensation”	 		 	 has the meaning given to that expression in Part C of Schedule 2.

			
	“Builder”	 		 	 means Hyundai Heavy Industries, Co., Ltd.

			
	“Building Contract”	 		 	 means the agreement between Owner and Builder for the construction of the FSRU.

			
	“Cancellation Date”	 		 	 means the date falling ***** days after the Scheduled Delivery Date, as it may be postponed under Clause 6.5(b).

			
	“Capital Element”	 		 	 has the meaning given to that expression in section 2.1 of Schedule 6.

			
	“Certificate of Acceptance”	 		 	 means the certificate of acceptance of the FSRU&M, the form of which is attached in Part A of Schedule
3.

  
 3 

					
	“Certificate of Redelivery”	 		 	 means a certificate of redelivery substantially in the form attached in Part B of Schedule 3.

			
	“Class”	 		 	 has the meaning given to that expression in Clause 2.8.

			
	“Classification Society”	 		 	 means DNV, or such other classification society that is member of IACS as Owner notifies Company of from time to time.

			
	“Commissioning LNG”	 		 	 has the meaning given to that term in Clause 6.10(a).

			
	“Company Alternation”	 		 	 has the meaning given to that expression in Clause 5.3.

			
	“Company Breach Termination Agreement”	 		 	 has the meaning given to that expression in section 4 of Part A of Schedule 15.

			
	“Company Cash Collateral”	 		 	 has the meaning given to that expression in Clause 27.5.

			
	“Company Delay”	 		 	 has the meaning given to that expression in Clause 6.5(a).

			
	“Company Delay Event”	 		 	 has the meaning given to that expression in Clause 6.5(a).

			
	“Company LoC”	 		 	 has the meaning given to that expression in Clause 27.4.

			
	“Company LoC End Date”	 		 	 has the meaning given to that expression in Clause 27.5.

			
	“Company Risk Event”	 		 	 means:

			
		 	(a)	 	Company’s failure to comply with the Delivery Protocol;
			
		 	(b)	 	any Company Alteration; or the Company’s unreasonably withholding or delaying approval of any Alteration under Clause 5.4;
			
		 	(c)	 	any breach, act of prevention or interference, or omission that prevents or interferes with Owner’s performance of this agreement, by

  
 4 

					
		 		 	 Company, Company’s Affiliates (excluding Rekayasa), the Persons (other than Company or its Affiliates) executing the Tug Charter, or any GSA, LNGC
Charterparty, Terminal Use Agreement or LNG SPA in connection with performance thereof, or Company’s subcontractors (excluding the Contractor (as defined in the EPCIC Agreement)) in connection with performance of the relevant subcontract
(excluding any act or omission pursuant to exercise by the Company of its express rights under this agreement);

			
		 	(d)	 	Indonesian Governmental FM;
			
		 	(e)	 	laying-up of the FSRU pursuant to Clause 28;
			
		 	(f)	 	failure of Company to execute and deliver the Novation Agreement in accordance with Clause 15.5;
			
		 	(g)	 	failure of any LNG Carrier to meet the LNGC Compatibility Requirements;
			
		 	(h)	 	Company’s breach of the EPCIC Agreement;
			
		 	(i)	 	any change in, or failure or delay in giving, Nominations subject to Section 2.1(c) of Schedule 13, or nominations to load LNG under the LNG Transfer Procedure;
			
		 	(j)	 	any delay caused by an act or omission of Company in the delivery of Commissioning LNG in a sufficient quantity of LNG reasonably required to pass Acceptance Tests performed in accordance with this agreement;
			
		 	(k)	 	any instruction given by Company to Rekayasa to suspend or delay works under the EPCIC Agreement excluding any suspension or delay due to the fault of Rekayasa or Force Majeure (as defined and under the EPCIC Agreement);
			
		 	(l)	 	any failure of the Downstream Offtaker to take such quantities of Regasified LNG as Owner is required to deliver during Acceptance Tests;

  
 5 

					
		 	(m)	 	the failure stated to be a Company Risk Event in Clause 11.1(b);
			
		 	(n)	 	the event referred to in Clause 5.6;
			
		 	(o)	 	termination of the EPCIC Agreement; or
			
		 	(p)	 	Company taking over or procuring a Person other than Rekayasa to perform any part of the works to be performed under the EPCIC Agreement.
			
	“Company Site Data”	 		 	 means the data set out in Schedule 17.

			
	“Company’s Group”	 		 	 means, Company, Company’s Affiliates (excluding Rekayasa), each Person (other than Company) executing the Tug Charter or a Terminal Use Agreement, each
Downstream Off-taker, Company’s subcontractors (excluding the Contractor (as defined in the EPCIC Agreement)), and the Representatives of each of the foregoing.

			
	“Company’s Personnel”	 		 	 means Representatives from time to time designated as such by Company.

			
	“Company’s Termination Notice”	 		 	 has the meaning given to that expression in Clause 26.3(a).

			
	“Compulsory Insurances”	 		 	 has the meaning given to that expression in Schedule 5.

			
	“Conditions of Use”	 		 	 means conditions of use substantially in the form of Schedule 16 as they may from time to time be amended by agreement of both parties.

			
	“Confidential Information”	 		 	 means the terms of this agreement and all other documents and agreements contemplated thereby, together with any and all data, reports, records,
correspondence, notes, compilations, studies and other information relating to or in any way connected with this agreement and all other documents and agreements contemplated thereby, that are disclosed directly or indirectly by or on behalf of the
disclosing party or any of its Representatives to the

  
 6 

					
		 		 	 receiving party or any of its Representatives, whether such information is disclosed orally or in writing.

			
	“Consents”	 		 	 means all consents, licences, and permits required from any Governmental Authority for the lawful performance of this agreement.

			
	“Consequential Loss”	 		 	 means all loss of production, loss of profit, loss of income, loss of goodwill, loss of business, loss of anticipated saving, and any special, indirect or
consequential damage or loss.

			
	“Contract Date”	 		 	 means the date of this agreement.

			
	“Contract Quarter”	 		 	 means the period starting with the Delivery Time and ending immediately before the next Quarter, each complete successive Quarter thereafter falling fully
in the Lease Period, and the period (if any) between the penultimate Contract Quarter and the end of the Lease Period.

			
	“Control Year”	 		 	 means the period starting with the Delivery Time and ending immediately before the next following Year, each complete successive Year thereafter falling
fully in the Lease Period, and the period (if any) between the penultimate Contract Year and the end of the Lease Period.

			
	“Control”	 		 	 means in respect of any Person, the ability (directly or indirectly) to direct that Person’s affairs and/or control the composition of its board of
directors or equivalent body, including by means of (a) the ownership or control (directly or indirectly) of more than 50% of the voting share capital of that Person; or (b) the ability to direct the casting of more than 50% of the votes exercisable
at general meetings of that Person on all, or substantially all, matters; or (c) the right to appoint or remove directors of the relevant Person holding a majority of the voting rights at meetings of the board
(or

  
 7 

					
		 		 	 equivalent body) of that Person on all, or substantially all, matters; and “Controls” and “Controlled” shall be construed
accordingly.

			
	“Delay Liquidated Damages”	 		 	 has the meaning given to that expression in Clause 6.4(a).

			
	“Delivery Bunkers”	 		 	 has the meaning given to that expression in Clause 6.7(a)(iv).

			
	“Delivery Date”	 		 	 means the day during which the Delivery Time occurred.

			
	“Deliver Time”	 		 	 means the time when Acceptance occurs.

			
	“Delivery Point”	 		 	 has the meaning given to that expression in section 1 of Schedule 2.

			
	“Delivery Protocol”	 		 	 means the terms of Schedule 11.

			
	“Design Basis”	 		 	 means the terms of Part B of Schedule 1 and the Company Site Data in Schedule 17.

			
	“DNV/IMO Alteration”	 		 	 has the meaning given to that expression in Clause 5.2(a).

			
	“DNV”	 		 	 means Det Norske Veritas or any successor body of the same.

			
	“Downgrade Event”	 		 	 means the occurrence of the following in respect of any Person:

			
		 	(a)	 	an Insolvency Event; or
			
		 	(b)	 	that the senior unsecured long-term debt securities of that Person are at a rating of less than “BB” by Standard & Poor’s Rating Services or “Ba2” by Moody’s Investor Service, Inc.; or, if either
agency changes its rating system, the equivalent successor rating applied by such agency at the time in question.
			
	“Downstream Offtaker”	 		 	 means each Person entering into a GSA or other arrangement with Company or its Affiliates under which that Person receives Regasified LNG delivered by the
FSRU.

  
 8 

					
	“Downstream Pipeline”	 		 	 means the pipeline between the Mooring and the shore, the onshore receiving facility, and all other pipelines and facilities to be constructed under the
EPCIC Agreement.

			
	“Encumbrance”	 		 	 means any claim, option, charge (fixed or floating), mortgage, lien, pledge, equity, encumbrance, right to acquire, right of
pre-emption, right of first refusal, title retention or any other third party right, or any other security interest of any kind or any agreement to create any of the foregoing.

			
	“EPCIC Agreement”	 		 	 means the agreement of that title between Company and Rekayasa as amended and restated by the parties on the date of this agreement, in connection with the
engineering, construction, installation or commissioning of the pipeline that joins the Mooring, and onshore receiving and related facilities.

			
	“Estimated O&M Element Increase”	 		 	 has the meaning given to that expression in section 3.1.4 of Schedule 6.

			
	“Estimated Tax Liability”	 		 	 has the meaning given to that expression in Schedule 6.

			
	“Event of Company’s Default”	 		 	 has the meaning given to that expression in Clause 26.2.

			
	“Event of Owner’s Default”	 		 	 has the meaning given to that expression in Clause 26.1.

			
	“Exercise Date”	 		 	 means:

			
		 	(a)	 	1 June in any year falling on or after the third anniversary of the Delivery Date excluding any anniversary after Company’s right to serve notice pursuant to Clause 3.2 or 3.3 has expired without being exercised;
or

  
 9 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

					
		 	(b)	 	the day on which this agreement terminates (other than at the end of the Lease Period) provided that such date does not fall after Company’s right to serve notice pursuant to Clause 3.2 or 3.3 has expired without being
exercised; or
			
		 	(c)	 	the last day on which Company may serve notice pursuant to Clause 3.2 or 3.3; or
			
		 	(d)	 	if either party serves a Termination Acquisition Notice, any day falling in the period starting on the date of such Termination Acquisition Notice and ending ***** Banking Days later provided that no Termination Acquisition Notice
may be served after Company’s right to serve notice pursuant to Clause 3.2 or 3.3 has expired without being exercised.
			
	“Exercise Notice”	 		 	 has the meaning given to that expression in Clause 36.1.

			
	“Expert”	 		 	 has the meaning given to that expression in Clause 37.1.

			
	“Extension Notice”	 		 	 has the meaning given to that expression in Clause 3.2.

			
	“Financing Costs”	 		 	 has the meaning given to that expression in Clause 2.12(c)(i)(C).

			
	“Financing Requirements”	 		 	 means the terms of Schedule 10.

			
	“First Monthly Invoice”	 		 	 has the meaning given to that expression in Clause 13.1(a)(ii)(A).

			
	“FM Rate”	 		 	 has the meaning given to that expression in Schedule 6.

			
	“Force Majeure”	 		 	 has the meaning given to that expression in Clause 25.1(a).

			
	“FSRU”	 		 	 has the meaning given to that expression in Clause 2.2.

  
 10 

					
	“FSRU Assets”	 		 	 has the meaning given to that expression in Schedule 12.

			
	“FSRU Financing”	 		 	 has the meaning given to that expression in Schedule 10.

			
	“FSRU&M”	 		 	 means the FSRU and the Mooring.

			
	“Fuel Consumption Warranty Compensation”	 		 	 has the meaning given to that expression in Part C of Schedule 2.

			
	“Fuel Price”	 		 	 has the meaning given to that expression in Clause 13.5(a).

			
	“Full Hire Rate”	 		 	 has the meaning given to that expression in section 1.2 of Schedule 6.

			
	“Gas Metering Equipment”	 		 	 means the ultrasonic metering system specified in section 11 of Part A of Schedule 1.

			
	“Good Industry Practice”	 		 	 means the degree of skill, diligence and prudence, and the practices, methods, specifications and standards of performance, all in accordance with
applicable Laws and codes, that are generally and reasonably expected in the international LNG industry for: (i) the construction, operation, maintenance, and repair of LNG floating storage and regasification vessels; (ii) construction, operation,
maintenance, and repair of moorings of the type of the Mooring.

			
	“Governmental Authority”	 		 	 means any nation or government, any state or political sub-division thereof and any Person exercising executive, legislative, judicial, regulatory or
administrative functions of any of the foregoing (whether autonomously or not) and shall include any supranational entity or organisation.

			
	“Governmental Force Majeure”	 		 	 has the meaning given to that expression in Clause 25.1(b).

			
	“GSA”	 		 	 means each agreement from time to time entered into by Company under which Regasified LNG delivered by the FSRU will be sold to any third
party.

  
 11 

					
	“Guaranteed Flow Rate Modulation”	 		 	 has the meaning given to that expression in Schedule 2.

			
	“Guaranteed Regasification Flow Rate”	 		 	 has the meaning given to that expression in Schedule 2.

			
	“Hire”	 		 	 means the sums payable to Company under Clause 12.1.

			
	“Hire Rate”	 		 	 has the meaning given to that expression in Schedule 6.

			
	“HOA”	 		 	 means the heads of agreement dated 6 December 2011 between Company, Rekayasa and Owner (as subsequently amended).

			
	“Hull and Machinery Insurance”	 		 	 means the hull and machinery insurance referred to in section 1 of Part A of Schedule 5.

			
	“IACS”	 		 	 means the International Association of Classification Societies or any successor body of the same.

			
	“IMO”	 		 	 means the International Maritime Organisation.

			
	“Indonesia”	 		 	 means the Republic of Indonesia.

			
	“Indonesian Governmental FM”	 		 	 has the meaning given to that expression in Clause 25.1(f).

			
	“Indonesian Owner”	 		 	 has the meaning given to that expression in the Recitals.

			
	“Indonesian Owner Guarantee”	 		 	 has the meaning given to that expression in the Novation Agreement.

			
	“Indonesian Owner Guarantor”	 		 	 means Höegh LNG Holdings Limited.

			
	“Indonesian Taxes”	 		 	 means all Tax, duty and impost imposed by any Indonesian Governmental Authority.

  
 12 

					
	“Initial Lease Period”	 		 	 has the meaning given to that expression in Clause 3.1.

			
	“Initial Company”	 		 	 means the Company on the date of this agreement.

			
	“Initial Owner”	 		 	 means the Owner on the date of this agreement.

			
	“Insolvency Event”	 		 	 means, in respect of any Person, inability to pay debt as it falls due, bankruptcy, insolvency, winding-up, dissolution, administration or liquidation of
that Person (except for the purposes of amalgamation or reconstruction in such manner that the Person resulting therefrom effectively agrees to be bound by or assume the obligations imposed on that Person under this agreement), or the making of any
arrangement or composition with its creditors, the taking possession by an encumbrancer of or the appointment of a receiver or administrative receiver over the whole or any substantial part of the property of such Person, and any equivalent or
analogous procedure by whatever name known in any jurisdiction.

			
	“Intellectual Property Rights”	 		 	 means all rights in any letters patent, design, registered design, unregistered design, trade name, and trade marks, copyright, and all other industrial
property rights; and rights in applications for any of the foregoing.

			
	“Interim Mooring Payment”	 		 	 has the meaning given to that expression in Clause 2.12(c)(i).

			
	“International Standards”	 		 	 means those standards and practices from time to time in force applicable to the ownership, design, equipment, operation or maintenance of floating storage
regasification units and berthing and loading facilities for LNG tankers calling at them, including, without limitation, those established by the IMO, the OCIMF, or SIGTTO (or any successor body of the same) and/or any other
internationally

  
 13 

					
		 		 	 recognised agency or organisation with whose standards and practices it is customary for international operators of such floating storage regasification
units or facilities to comply.

			
	“ITB”	 		 	 means the invitation to bid issued by Company to Owner dated 31 December 2010 with respect to the construction and operation of a LNG regasification
terminal at Belawan port, Medan, North Sumatra, Indonesia.

			
	“Law”	 		 	 means all the law and regulations, including all laws, statute” legislation, notes, regulations, ordinances, orders, decrees, judgments, injunctions,
stipulations, writs, directives, Consent or other licence, or exemption (including the conditions thereto), agreements, decisions and notifications of, or the interpretation of any of the foregoing by, any Governmental Authority or court or tribunal
or regulatory commission or judicial or quasi-judicial authority having jurisdiction over the matter in question.

			
	“Law 24/2009”	 		 	 has the meaning given to that expression in Clause 39.1.

			
	“Lay-Up Entry Estimate”	 		 	 has the meaning given to that expression in Clause 28.3(a)(i).

			
	“Lay-Up Estimate”	 		 	 has the meaning given to that expression in Clause 28.3(a)(ii).

			
	“Lay-Up Exit Estimate”	 		 	 has the meaning given to that expression in Clause 28.3(c).

			
	“Lay-Up Period”	 		 	 has the meaning given to that expression in Clause 28.1(a).

			
	“Lease Period”	 		 	 means the continuous period comprising the Initial Lease Period and any extension pursuant to Clause 3.2 and/or 3.3.

			
	“Legally Required Alteration”	 		 	 has the meaning given to that expression in Clause 5.1(c).

  
 14 

					
	“LIBOR”	 		 	 means the London inter-bank offered rate for one-month U.S. dollar deposits which appears on Reuters BBA Page LIBOR 01 (or such other page as may replace
that page for the purpose of displaying offered rates of leading banks for London inter-bank deposits as aforesaid) as at 11.00 a.m. (London time) on the relevant day; provided, however, that if this rate is not available, then the arithmetic mean
of the rates quoted by Reference Banks for 30-day U.S. dollar deposits at approximately 11.00 a.m. (London time) on the relevant day for value two (2) Banking Days later in London, or, if this rate is not available, the rate published on the
relevant date in the Financial Times at which U.S. Dollar deposits were offered in the London inter-bank market for a period of one (1) month, or, if this rate is not available, the rate then quoted by such bank as Owner and Company may agree or
failing which agreement such bank as may be determined by an Expert.

			
	“LNG”	 		 	 means natural gas liquefied by cooling and which is in a liquid state at or near atmospheric pressure.

			
	“LNG Carrier”	 		 	 means each LNG tanker that is to deliver LNG to the FSRU, or to receive LNG under Clause 26.10(a)(ii).

			
	“LNG Price”	 		 	 has the meaning given to that expression in Clause 13.5(b).

			
	“LNG SPA”	 		 	 means each agreement for the supply of LNG that is to be delivered to the FSRU.

			
	“LNGC Transfer Procedure”	 		 	 has the meaning given to that expression in Clause 2.6(c)(i)(A).

			
	“LNGC Charterparty”	 		 	 means each charterparty for any LNG Carrier to which Company, or any of its Affiliates, is
party.

  
 15 

					
	“LNGC Compatibility Requirements”	 		 	 has the meaning given to that expression in Clause 2.6(c)(i)(C).

			
	“Loading Rate Warranty Compensation”	 		 	 has the meaning given to that expression in Schedule 2.

			
	“Loading Reference Conditions”	 		 	 has the meaning given to that expression in Schedule 2.

			
	“LoH Amount”	 		 	 has the meaning given to that expression in Clause 30.3(b).

			
	“Loss of Hire Insurance”	 		 	 means the loss of hire insurance referred to in section 2 of Schedule 5.

			
	“Losses”	 		 	 means all claims, liabilities, obligations, losses, damages, deficiencies, assessments, judgments, fines, penalties, proceedings, actions, suits, demands,
out-of-pocket costs, expenses and disbursements of any kind or nature except Consequential Loss.

			
	“LRA Cost”	 		 	 has the meaning given to that expression in Clause 5.2(b).

			
	“Master”	 		 	 means the master of the FSRU from time to time notified to Company by Owner.

			
	“Maximum Drydocking Period”	 		 	 has the meaning given to that expression in Clause 3.5(a)(ii).

			
	“Maximum Tested Regasification Flow Rate”	 		 	 means the regasification flow rate (expressed in MMscf per day) determined pursuant to Clause 6.9.

			
	“MMscf”	 		 	 has the meaning given to that expression in Schedule 2.

  
 16 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

					
	“Monthly Invoice”	 		 	 has the meaning given to that expression in Clause 13.1(a)(ii).

			
	“Monthly Invoice Due Date”	 		 	 has the meaning given to that expression in Clause 13.2.

			
	“Mooring”	 		 	 means the mooring system (together with all associated hardware, equipment, facilities and infrastructure foundation) to be installed at the Site, as more
particularly described in the Mooring Specifications.

			
	“Mooring Contract”	 		 	 means the contracts under which the Mooring is to be engineered, procured, built, and certified.

			
	“Mooring Declaration”	 		 	 means the declaration issued by Classification Society in order to declare compliance of the Mooring with the Mooring Specifications and Classification
Society’s requirements.

			
	“‘Mooring Invoice”	 		 	 has the meaning given to that expression In Clause 2.12(d).

			
	“Mooring Price”	 		 	 means the sum of US$ ***** (exclusive of Indonesian Taxes).

			
	“Mooring Specifications”	 		 	 means the specifications in Part C of Schedule 1.

			
	“Nomination”	 		 	 means each nomination of Regasified LNG for delivery from the FSRU in accordance with the Nomination Procedure; and “Nominated” shall be
construed accordingly.

			
	“Nomination Procedure”	 		 	 means the terms of Schedule 13.

			
	“Non-Governmental Force Majeure”	 		 	 has the meaning given to that expression in Clause 25.1(c).

			
	“Non-Vessel FM Termination Amount”	 		 	 has the meaning given to that expression in section 3 of Part A of Schedule 15.

			
	“NoR Conditions”	 		 	 has the meaning given to that expression in Clause 6.1.

  
 17 

					
	“Notice of Readiness”	 		 	 has the meaning given to that expression in Clause 6.1.

			
	“Novation Agreement”	 		 	 has the meaning given to that expression in Clause 15.4.

			
	“NVNIG FM”	 		 	 has the meaning given to that expression in Clause 25.1(e).

			
	“NVNIG FM Incapacity”	 		 	 has the meaning given to that expression in Clause 25.5.

			
	“O&M Terms”	 		 	 means the terms of Schedule 18.

			
	“OCIMF”	 		 	 means the Oil Companies International Marine Forum or any successor body of the same.

			
	“Off-Hire”	 		 	 has the meaning given to that expression in Clause 18.1(a).

			
	“Off-Hire Allowance”	 		 	 has the meaning given to that expression in Clause 18.2(b).

			
	“Off-Hire Condition”	 		 	 has the meaning given to that expression in Clause 18.2(a).

			
	“On-Hire”	 		 	 has the meaning given to that expression in Clause 12.1.

			
	“Operating Window”	 		 	 has the meaning given to that expression in Clause 6.9(b)

			
	“Operating and Maintenance Element”	 		 	 has the meaning given to that expression in Schedule 6.

			
	“Operational Minimum Requirements”	 		 	 has the meaning given to that expression in Schedule 2.

			
	“Owner”	 		 	 means the Initial Owner until the Novation Agreement is executed, and thereafter shall mean the Indonesian Owner.

			
	“Owner Breach Termination Amount”	 		 	 has the meaning given to that expression in section 1 of Part A of Schedule 15.

			
	“Owner Cash Collateral”	 		 	 has the meaning given to that expression in Clause 27.2.

  
 18 

					
	“Owner LoC”	 		 	 has the meaning given to that expression in Clause 27.1.

			
	“Owner LoC End Date”	 		 	 has the meaning given to that expression in Clause 27.2.

			
	“Owner Planned Maintenance System”	 		 	 means the maintenance system described in Schedule 7.

			
	“Owner’s Group”	 		 	 means, Owner, Owner’s Affiliates, each Person contracting with Owner under the Building Contract or Mooring Contract, Owner’s subcontractors
(excluding the Contractor (as defined in the EPCIC Agreement)), and the Representatives of each of the foregoing.

			
	“Owner’s Termination Notice”	 		 	 has the meaning given to that expression in Clause 26.3(b).

			
	“Owner’s Site Survey”	 		 	 means a survey of the Site procured or to the procured by Owner.

			
	“P&I Club”	 		 	 means a Protection and Indemnity Club that is a member of the International Group of P&I Clubs.

			
	“Percentage Margin”	 		 	 has the meaning given to that expression in Clause 2.12(c)(i)(D).

			
	“Performance Period”	 		 	 means each Contract Quarter during the Lease Period.

			
	“Permitted Creditor”	 		 	 has the meaning given to that expression in the Financing Requirements.

			
	“Person”	 		 	 means any natural person, legal person, or corporate or unincorporated body (whether or not having separate legal personality).

			
	“Pollution Regulations”	 		 	 has the meaning given to that expression in Clause 33(a).

  
 19 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

					
	“Pre-Delivery Testing Period”	 		 	 means the period starting on the ***** day after the Contract Date and ending with the earlier of termination of the Building Contract, completion of the
FSRU under the Building Contract, and the time that the FSRU departs the Shipyard for the Mooring.

			
	“Pre-Delivery Tests”	 		 	 means the sea trial and gas trial to be performed by the Builder under the Building Contract.

			
	“Purchase Option”	 		 	 has the meaning given to that expression in Clause 36.1.

			
	“Purchase Terms”	 		 	 means the terms of Schedule 12.

			
	“QA/QM System”	 		 	 has the meaning given to that expression in Clause 10.2.

			
	“Quarter”	 		 	 means each period of three consecutive months starting on 1 March, 1 June, 1 September and 1 December.

			
	“Quiet Enjoyment Agreement”	 		 	 has the meaning given to that expression in Schedule 10.

			
	“Reference Banks”	 		 	 means the principal London offices of Barclays Bank plc, or such other banks that Permitted Creditors of the FSRU Financing nominate to Owner from time to
time.

			
	“Regasification Equipment”	 		 	 means all machinery and equipment on board the FSRU for the regasification and discharge of regasified LNG, including vaporisers, pumps and metering
units.

			
	“Regasification Flow Rate”	 		 	 has the meaning given to that expression in Schedule 2.

			
	“Regasification Flow Rate Warranty Compensation”	 		 	 means the Warranty Compensation determined under section 1(b) of Part C of Schedule 2.

			
	“Regasified LNG”	 		 	 means gas produced from vaporisation of LNG.

  
 20 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

					
	“Registry”	 		 	 has the meaning given to that expression in Clause 2.9(a).

			
	“Rekayasa”	 		 	 means PT Rekayasa Industri.

			
	“Relevant Items”	 		 	 means all materials, accessories, spare parts and any other goods in respect of the FSRU&M necessary for the performance of this agreement by
Owner.

			
	“Relocation Alteration”	 		 	 has the meaning given to that expression in Clause 5.1(b).

			
	“Representative”	 		 	 means, with respect to any Person, each director, officer, employee, servant, consultant, agent, or representative of that Person.

			
	“Reliability Tests”	 		 	 has the meaning given to that expression in the Delivery Protocol.

			
	“Scheduled Arrival Date”	 		 	 means the date which is the earlier of (i) 1 June 2014; or (ii) the date estimated by Owner pursuant to Clause 2.4(c) on which the FSRU will arrive at the
Mooring, as it may be postponed under Clause 6.5.

			
	“Scheduled Delivery Date”	 		 	 means the date falling on the ***** day after issue of the Notice of Readiness under Clause 6.1, as it may be postponed under Clause 6.5.

			
	“Shipyard”	 		 	 means the Builder’s facilities at which the FSRU is under construction.

			
	“SIGTTO”	 		 	 means the Society of International Gas Tanker and Terminal Operators or any successor body of the same.

			
	“Site”	 		 	 has the meaning given to that expression in Part B of Schedule 1.

			
	“Specific Event Tax”	 		 	 has the meaning given to that expression In Schedule 6.

			
	“Specifications”	 		 	 means the particulars of the FSRU&M set out in Schedule 1.

  
 21 

					
	“Storage Conditions”	 		 	 has the meaning given to that expression in Section 1 of Schedule 2.

			
	“Tank Temperature Condition”	 		 	 has the meaning given to that expression in Clause 11.1(a).

			
	“Tax” or “Taxes”	 		 	 means all forms of taxation and statutory, governmental, state, provincial, local governmental or municipal impositions, duties, contributions and levies,
in each case, in the nature of taxation including (without limitation), corporation tax, supplementary charge, petroleum revenue tax, income taxes, prepaid income taxes, sale taxes, use taxes, stamp duty, transfer taxes, gross income taxes, value
added taxes, social contribution taxes, employment taxes, government royalties, customs duties, export or import duties, excise duties, land and building taxes, environmental taxes, and levies and withholding taxes together with all penalties and
interest relating thereto and any penalties and surcharges in respect of the associated reporting requirements relating to the movement of goods and provision of services, wherever or whenever imposed.

			
	“Tax Element”	 		 	 has the meaning given to that expression in Schedule 6.

			
	“Terminal Use Agreement”	 		 	 means each agreement to be entered into between any third party and the Company and/or any of its Affiliates pursuant to which the FSRU is used to store
and/or regasify LNG owned by a third party.

			
	“Termination Acquisition Notice”	 		 	 has the meaning given to that expression in paragraph 1 of Part B of Schedule 15.

			
	“Testing Fuel Quantity”	 		 	 has the meaning given to that expression in Clause 6.7(a)(v).

			
	“Tug Charter”	 		 	 means agreements to be entered into by Company with a third party pursuant to which Company will charter tugs and other support vessels serving LNG Carriers
calling at the FSRU&M.

  
 22 

					
	“Umbrella Agreement”	 		 	 means the agreement so entitled between the parties and Rekayasa, as amended and restated by the parties and Rekayasa on the date of this
agreement.

			
	“US$” or “$”	 		 	 means the lawful currency of the United States of America.

			
	“VAT”	 		 	 has the meaning given to that expression in Clause 13.4.

			
	“Vessel FM”	 		 	 has the meaning given to that expression in Clause 25.1(d).

			
	“Vessel FM Incapacity”	 		 	 has the meaning given to that expression in Clause 25.5.

			
	“Vessel FM Termination Amount”	 		 	 has the meaning given to that expression in section 2 of Part A of Schedule 15.

			
	“Vessel Pollution”	 		 	 has the meaning given to that expression in Clause 23.3(a).

			
	“War Risks Amount”	 		 	 has the meaning given to that expression in Clause 30.3(c).

			
	“War Risks Insurance”	 		 	 means the war risks insurance referred to in section 4 of Schedule 5.

			
	“Warranty Compensation”	 		 	 means the amounts determined to be payable to Company in accordance with Clause 21.1 and Part C of Schedule 2.

			
	“Warranty Compensation Cap”	 		 	 means in respect of a day, the aggregate of the Capital Element and Operating and Maintenance Element for that day.

			
	“Warranty Liability Period”	 		 	 means that part of the Lease Period not including any time (a) during which the Off-Hire Condition is satisfied; (b)
comprised in any Lay-Up Period; or (c) in respect of which this agreement provides no Warranty Compensation is payable under Clauses 3.5(e), 5.5, 6.9 18.2, 25.2(a), 25.7, 26.3(c), 26.10(a)(iii), 28.1(b), 29 and section 2.3 of Schedule
13.

  
 23 

					
	“Warranty Performance Requirement”	 		 	 means the minimum standard of performance required of Owner such that no Warranty Compensation is payable.

			
	“Wilful Misconduct”	 		 	 has the meaning given to that expression in Clause 26.5.

			
	“Year”	 		 	 means each period of 12 consecutive months from and including December until and including the next following November.

  

	1.2	Interpretation 

  

	 	(a)	In this agreement, except where the context requires otherwise, reference to: 

  

	 	(i)	any gender includes reference to all genders; and to the singular includes reference to the plural and vice versa; 

  

	 	(ii)	“writing” includes writing in faxes; and cognate terms shall be construed accordingly; 

  

	 	(iii)	a “Recital”, “Clause” or “Schedule” is to the relevant recital, clause or schedule of or to this agreement; and any reference to a Clause shall include reference to all sub-clauses,
paragraphs and sub-paragraphs contained therein; 

  

	 	(iv)	times and dates shall be construed by reference to the Gregorian calendar; and references to time in this agreement shall be references to the time in Jakarta, Indonesia, unless otherwise specified; 

 

	 	(v)	“including” means “including, without limitation,” and cognate terms shall be construed accordingly; and the ejusdem generis rule of construction shall not apply to this agreement and general
words shall not be given a restrictive meaning by reason of their being preceded or followed by words indicating a particular class or examples of acts, matters or things; 

 

	 	(vi)	this agreement or any other agreement or document includes reference to such agreement or document as varied, substituted, novated or assigned; 

 

	 	(vii)	this agreement includes the Schedules; 

  

	 	(viii)	an English legal term for any action, remedy, method of judicial proceeding, legal document, legal status, court, official or any legal concept or thing shall, in respect of any jurisdiction other than England, be

  
 24 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	 	(ix)	deemed to include a reference to what most nearly approximates to the English legal term in that jurisdiction; and 

  

	 	(x)	cancellation of any letter of credit includes release of the party giving it from all obligations under the letter of credit. 

  

	 	(b)	Clause headings in this agreement shall not be taken into consideration in the interpretation of this agreement. 

  

	 	(c)	Expressions in this agreement appropriate to directors, officers, constitutional documents or organs of companies, when used in relation to any Person of a type other than a company, shall be construed as references to
the most nearly corresponding persons, officers, documents or organs (as the case may be) appropriate to Persons of that type. 

  

	 	(d)	If this agreement is executed in the English and Indonesian languages and there is any discrepancy between the English and Indonesian versions, the English language version shall prevail. 

 

	 	(e)	No provision of this agreement shall be interpreted or construed against a party because that party or its legal representative drafted the provision. 

 

	2.	FSRU LEASE AND MOORING PROCUREMENT 

  

	2.1	Owner shall: 

  

	 	(a)	use reasonable endeavours to provide to Company prior to Acceptance within a reasonable time after written request from Company: 

  

	 	(i)	such information and documentation that may be required by Company for purpose of obtaining or maintaining any Consent in respect of the FSRU&M; 

 

	 	(ii)	preliminary drafts of operating procedures in reasonable detail including but not limited to those specified in section 1 of Schedule 8; and 

 

	 	(b)	within ***** days of the Contract Date provide a copy of the project schedule in respect of the construction and delivery of the FSRU&M for information only. 

 

	2.2	The FSRU Description 

 The floating, storage, regasification unit to be hired for services under
this agreement shall be the 170,000 cubic metre class membrane LNG floating storage regasification unit currently under construction by the Builder for Höegh LNG Ltd. with hull number HN 2548 (the “FSRU”). 

  
 25 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	2.3	Documents and Model 

 Owner shall provide to Company: 

 

	 	(a)	the information in section 2 of Schedule 8 by the time specified therefor in that Schedule and any revision or replacement thereof as soon as reasonably practicable; and 

 

	 	(b)	one model (with a scale of no less than 1:200) of the FSRU, which shall be on board the FSRU on its arrival at the Mooring for the first time. 

 

	2.4	Project Progress Reports and Monitoring 

  

	 	(a)	From the date of this agreement, Owner shall provide Company with monthly reports and, during the ***** months before the date that Owner anticipates that the FSRU will arrive in the vicinity of the Site, bi-weekly
reports keeping Company reasonably informed of: 

  

	 	(i)	the progress of the construction of the FSRU&M; 

  

	 	(ii)	Owner’s current estimate of the dates on which the FSRU will arrive at Tangguh to lift a Commissioning Cargo (if applicable) and at Lampung (which estimate may include, if necessary, a reasonable range of dates);

  

	 	(iii)	Owner’s current estimate of the Delivery Date (which estimate may include, if necessary, a reasonable range of dates); and 

  

	 	(iv)	any other material developments relating to the FSRU&M, 

 and the first such report shall
be provided by Owner ***** days after the Contract Date. 
  

	 	(b)	After reasonable notice from Company during the Pre-Delivery Testing Period, Owner shall meet with Company at the Shipyard and Mooring Contractor’s premises (to the extent Builder and Mooring Contractor agree, and
at Company’s cost and, except as provided in Clause 23, risk or at a place mutually acceptable to the parties for the purpose of informing Company of the progress of the construction of the FSRU&M; (and the “Mooring
Contractor” shall mean the persons that have agreed with Owner to build the Mooring). Owner shall use its reasonable endeavours to procure access to documentation relevant to such meetings and its best endeavours to permit a reasonable
number of Company’s Personnel to be present for such purpose; provided that any such meetings shall occur during ordinary working hours and shall not unduly obstruct the progress of the construction of the FSRU&M. Owner shall comply with
any Indonesian Law requiring that a representative of an Indonesian Governmental Authority attend such meetings. 

  
 26 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	 	(c)	Before the ***** day before the FSRU leaves the Shipyard, Owner shall notify Company of its estimate of the earliest date that the FSRU would arrive at the Mooring. 

 

	 	(d)	Notwithstanding anything to the contrary in this agreement neither the exercise nor the non-exercise by Company of any right to monitor work or any right of inspection or attendance or otherwise (including the receipt
and review of any plans, diagrams, drawings, specifications, manuals and other documentation) in relation thereto shall in any way affect or alter either party’s obligations or liabilities under this agreement. 

 

	2.5	Notice of Tests 

 Owner shall provide Company at least ***** days’ advance notice in
writing: 
  

	 	(a)	of each of the Pre-Delivery Tests and shall use best endeavours to procure that the Builder permits a reasonable number of Company’s Personnel (at Company’s cost and, except as provided in Clause 23, risk) to
attend that Pre-Delivery Test; and 

  

	 	(b)	of each of the Acceptance Tests and shall permit a reasonable number of Company’s Personnel to attend all such Acceptance Tests, 

and Owner shall comply with any Indonesian Law requiring that a representative of an Indonesian Governmental Authority attend Pre-Delivery
Tests or Acceptance Tests. 
  

	2.6	Tests and Procedures 

  

	 	(a)	Testing prior to the Delivery 

 Owner shall notify Company in writing of each of the following,
as soon as practicable after its occurrence: 
  

	 	(i)	the Pre-Delivery Tests have been completed and the FSRU is in all respects ready to proceed to the Mooring for purposes of delivery under this agreement; and 

 

	 	(ii)	the Mooring Declaration has been issued, 

 and shall notify Company of Owner’s reasonable
estimation of the date upon which the FSRU will be delivered to the Mooring and when Acceptance Tests can begin. 
  

	 	(b)	Restriction on Voyages 

 Other than the voyage from the Shipyard to the Mooring or as otherwise
agreed by the parties, Owner shall not direct or permit the FSRU during the term of this agreement to perform any voyage. 

  
 27 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	 	(c)	Acceptance Tests and Procedures 

  

	 	(i)	No later than ***** days before the Scheduled Delivery Date, the parties shall seek to agree: 

  

	 	(A)	the procedures to be used for the transfer of LNG from each LNG Carrier to the FSRU, including procedures for the cooling of the storage tanks of the FSRU (the “LNG Transfer Procedure”);

  

	 	(B)	the procedures for the cooling and starting-up of the Regasification Equipment; 

  

	 	(C)	the specifications of LNG Carriers (including physical characteristics and requirements in relation to classification and insurance coverage) that are compatible with the FSRU, as determined by the compatibility study
prepared or procured by Owner (the “LNGC Compatibility Requirements”); and 

  

	 	(D)	the Acceptance Tests and the procedures for performing them in accordance with the Delivery Protocol, 

failing agreement of each of which the matter shall be referred to an Expert for resolution in accordance with Good Industry Practice. 

 

	 	(ii)	Owner shall use best endeavours to provide preliminary information regarding the tests, specifications and procedures referred to in Clause 2.6(c)(i) above as soon as practicable following signing of this agreement but
shall in any event provide Company with first-drafts of such tests, specifications and procedures before the ***** day before the Scheduled Delivery Date. 

  

	2.7	FSRU Inspection 

  

	 	(a)	After Acceptance from time to time, after reasonable prior notice, Company and Company’s Personnel (and any Governmental Authority representative, if so required by Indonesian Law) may inspect those parts of the
FSRU as are reasonably available for access and inspection (without interfering with or hindering the FSRU’s normal, safe and efficient operation and only to the extent permitted by the conditions for the ISPS Certificate (security
certificate)), at a reasonable time and at such reasonable intervals as are mutually convenient to the parties. Such inspections may include, but need not be limited to, access to and examination of the FSRU’s hull, cargo and ballast tanks, the
Regasification Equipment, compressor rooms, engine rooms, cargo control rooms, navigation bridge and deck areas and any places where spare parts are stored. Such inspections may also include access to and the right to inspect the FSRU’s deck
and engine scrap/rough and fair copy/official log books, all such construction and other records and schedules, records of surveys by the Classification Society or 

  
 28 

	 	(b)	conducted pursuant to any Laws (including of the Registry), the FSRU’s operating procedures and any other documentation relevant to such inspection that may be onboard the FSRU. 

 

	 	(c)	Company shall procure that: 

  

	 	(i)	each inspection carried out by Company under Clause 2,7(a) shall be made without interference or hindrance to the FSRU’s or Mooring’s safe and efficient operation, and shall be limited to a maximum of two
Company Personnel (not including any Governmental Authority representative) in each instance; and 

  

	 	(ii)	Company’s Representatives conducting inspections under Clause 2.7(a) or onboard the FSRU for any other reason shall comply with the lawful directions of the Master while onboard the FSRU or on the Mooring.

  

	2.8	FSRU Classification 

 As an Acceptance Condition, the FSRU shall be classed by the
Classification Society (“Class”). 
  

	2.9	FSRU Registry 

  

	 	(a)	Starting on the Delivery Date and subject to Clause 2.9(b), Owner shall cause the FSRU to be registered under the flag of Indonesia in the name of the Owner and hold a certificate of registry (Grosse Akte) issued
by the Directorate General of Sea Transportation (Direktorat Jenderal Perhubungan Laut) (the “Registry”); and 

  

	 	(b)	Owner shall procure that such Registry is maintained after the Delivery Date throughout the Lease Period, except as may otherwise be agreed between Owner and Company in accordance with Clause 40.4; provided that if
Indonesian Law permits that the FSRU be other than Indonesian-flagged, then to the extent that Company’s obligations and liabilities, including to pay Tax, the Tax Element or Specific Event Taxes, are not and will not be increased thereby,
Owner may with Company’s consent register the FSRU with a country other than Indonesia (either before or after Acceptance), which consent shall not be unreasonably withheld or delayed. 

 

	2.10	Naming of FSRU 

 Owner shall procure that the FSRU is named in accordance with instructions
received from Company not later than 1 July 2012, provided that Company shall have first confirmed its choice of name is available for the FSRU in the Registry and failing such instructions Owner may name the FSRU as it in its discretion
determines. If Company proposes a name or requires a name change after 1 July 2012 and the name proposed is available in the Registry, Owner will at Company’s expense name or rename the FSRU in accordance with Company’s instructions.

  
 29 

	2.11	Consents and Importation 

  

	 	(a)	Subject to Clause 25, each party shall procure each Consent opposite its name in Schedule 14 by the date that Consent is required to ensure: 

 

	 	(i)	the lawful entry of the FSRU and all Relevant Items into Indonesia; and 

  

	 	(ii)	the lawful installation of the Mooring and the operation of the FSRU in Indonesia, 

 and each
party agrees that, if it requires after the Contract Date a Consent not shown opposite its name in Schedule 14 in order to perform its obligations under this agreement, it will obtain such Consent required to be in its name (and in Owner’s
case, the Indonesian Owner’s name), provide to the other a copy of each Consent obtained within a reasonable time, and will use reasonable endeavours to assist each other in obtaining all Consents. 

 

	 	(b)	Subject to Clauses 2.11(a) and 25 and Schedule 6, Owner shall procure satisfaction of all requirements of the relevant Governmental Authorities in relation to the import of the FSRU and each Relevant Item into
Indonesia, including in relation to any and all import licences, import declarations and export registrations relating to the FSRU and all Relevant Items. 

  

	2.12	Mooring 

  

	 	(a)	Owner shall procure the Mooring in accordance with the terms and conditions of this agreement. 

  

	 	(b)	Subject to Clause 2.12(c), Owner may invoice Company an amount equal to: 

  

	 	(i)	ninety per cent. (90%) of the Mooring Price on or after issue of the Mooring Declaration; and 

  

	 	(ii)	the remaining ten per cent. (10%) of the Mooring Price on or after Acceptance. 

  

	 	(c)	If, prior to issue of the Mooring Declaration, Acceptance has been deemed pursuant to Clauses 6.6(b), 6.9 or 26.3(e): 

  

	 	(i)	Subject to Clause 2.12(c)(ii), Owner may invoice Company the amount (the “Interim Mooring Payment”) equal to the aggregate amount of: 

 

	 	(A)	all amounts paid or payable under the Mooring Contract as at the date of such deemed Acceptance; 

  
 30 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	 	(B)	all other reasonable costs Owner incurred or which are payable in connection with the Mooring as at the date of such deemed Acceptance (including any costs of maintenance, storage or transport, but excluding Financing
Costs and amounts under Clause 2.12(c)(i)(A)); 

  

	 	(C)	all reasonable costs (“Financing Costs”) Owner incurred or which are payable in connection with the financing of the Mooring (including all interest, costs, charges or fees, except to the extent arising
from a breach by Owner under its financing agreements); and 

  

	 	(D)	the amount equal to the product of the Percentage Margin multiplied by the aggregate of the amounts referred to in Clause 2.12(c)(i)(A); and “Percentage Margin” means the profit margin (expressed as a
percentage) Owner would have made on the Mooring had the Mooring Contract been fully performed and the full Mooring Price paid to it, 

and Owner shall have no obligation to disclose to Company anything under this Clause 2.12(c) except the aggregate amount of the Interim
Mooring Payment; 
  

	 	(ii)	Company may before the ***** Banking Day after receiving Owner’s Invoice under Clause 2.12(c)(i) require that Owner, at Company’s sole cost, appoint an internationally recognised firm of accountants approved
by Company (such approval not to be unreasonably withheld or delayed) to audit the Owner’s calculation of the Interim Mooring Payment, and determine the difference (if any) between the amount invoiced under Clause 2.12(c)(i) and the aggregate
amount referred to in that Clause; and 

  

	 	(A)	if the amount so invoiced exceeds that aggregate amount, Owner shall pay that excess to Company; and 

  

	 	(B)	if the amount of that aggregate amount exceeds the amount so invoiced, Company shall pay that excess to Owner. 

  

	 	(iii)	Owner may invoice Company any balance of the Mooring Price that remains after payment of the Interim Mooring Payment and sums under Clause 2.12(c)(ii), on or after issue of the Mooring Declaration. 

 

	 	(d)	Company shall pay Owner the amount of each invoice received under Clause 2.12(b) or 2.12(c) (each such invoice, a “Mooring Invoice”) in accordance with Clause 13. 

 

	 	(e)	Owner shall assign all of its rights, title, and interest in and to the Mooring to Company with good title and free from any Encumbrances on: 

 

	 	(i)	receipt of all amounts in full under Clauses 2.12(b) or 2.12(c); and Owner shall exercise its rights under any warranties it may have under the Mooring Contract to cause the Mooring Contractor to rectify defects in the
Mooring; or 

  

	 	(ii)	if this agreement is terminated before Acceptance, Owner’s receipt in full of any amounts payable to it under Clauses 26.3 and 26.4; and Owner shall promptly transfer to Company its rights under any warranties
in respect of the Mooring it may have under the Mooring Contract, provided that Owner is entitled to transfer those rights (and such rights are capable of transfer) to Company. 

  
 31 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	3.	FSRU LEASE PERIOD 

  

	3.1	Initial Lease Period 

  

	    	The “Initial Lease Period” shall be the period starting on the Delivery Date and ending with the 20th anniversary of the Delivery Date. 

 

	3.2	First Extension Period 

  

	    	Company may give notice to the Owner (the “Extension Notice”) at any time on or before the date falling ***** days after the ***** anniversary of the Delivery Date requiring extension of the Lease
Period until the date specified in the Extension Notice (which date shall be the twenty fifth or thirtieth anniversary of the delivery Date, as Company may select in that notice), and the Lease Period shall continue from the end of the Initial Lease
Period until the anniversary so specified in the Extension Notice. 

  

	3.3	Second Extension Period 

  

	    	If Company has exercised its rights pursuant to Clause 3.2 to extend the Lease Period to the twenty fifth anniversary of the Delivery Date, Company may give notice to Owner at any time on or before the date falling
***** days after the ***** anniversary of the Delivery Date, and the Lease Period shall continue until the thirtieth anniversary of the Delivery Date. 

  

	3.4	O&M Option 

  

	    	If Company exercises the Purchase Option, it may in the Exercise Notice require that Owner continue to operate and maintain the FSRU in accordance with the O&M Terms for the period from the Completion Date (as
defined in section 1.1 of Schedule 12) until the ***** anniversary of that date, which period may be extended until the ***** or ***** anniversary of that date by agreement between the parties; after which notice each party shall perform its
obligations on terms substantially similar to the O&M Terms (including a *****% margin on Owner’s cost, including management fee) and subject to further discussion between the parties. 

  
 32 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	3.5	Extension Dry Drydocking 

  

	 	(a)	If the Lease Period is extended under Clause 3.2 or Clause 3.3, Owner may after the ***** anniversary of the Delivery Date ***** only drydock the FSRU: 

 

	 	(i)	in accordance with the requirements of Good Industry Practice, Class, the Registry, and Law; and 

  

	 	(ii)	such that the period from notice of cessation of service on the FSRU leaving the Mooring until notice of resumption of service under Clause 3.5(b) does not exceed a period to be agreed or, failing agreement, determined
by an Expert as the period reasonably required to complete the drydocking, return to the Mooring and issue a notice of resumption of service in accordance with Good Industry Practice such that no further drydocking would be required during the Lease
Period (the period so agreed or determined, the “Maximum Drydocking Period”). 

  

	 	(b)	Owner shall give Company a notice (“Drydocking Notice”) specifying: 

  

	 	(i)	the estimated period when the FSRU will not be in service for the purposes of scheduled drydocking (the “Drydocking Period”), which shall not start before the ***** day after Company receives the
Drydocking Notice; and 

  

	 	(ii)	the shipyard where drydocking will occur. 

  

	 	(c)	Company shall ensure that the FSRU is placed at Owner’s disposal for drydocking under this Clause 3.5, free of cargo, before the Drydocking Period starts. 

 

	 	(d)	Company shall provide and pay for all LNG required in accordance with Good Industry Practice for gassing up and cooling of the FSRU at the Mooring following drydocking under this Clause 3.5. 

 

	 	(e)	Owner shall not be liable to Company for Warranty Compensation and the FSRU shall be On-Hire during the period from when the Owner notifies Company it is ceasing service to undertake drydocking under this Clause until
the earlier of (i) the completion of the drydocking and (ii) the Maximum Drydocking Period. 

  

	 	(f)	Owner may invoice Company, and Company shall pay Owner in accordance with Clause 13 after receiving an invoice therefor, all costs that Owner reasonably incurs to undertake drydocking under this Clause 3.5.

  
 33 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	4.	FSRU&M SPECIFICATIONS AND CHARACTERISTICS 

  

	4.1	Owner’s Warranties 

  

	    	It is agreed that: (i) Owner shall pay Warranty Compensation if required by Clause 21 and Schedule 2 for each period during which the FSRU fails to meet the Warranty Performance Requirement during the Warranty
Liability Period; and (ii) the FSRU shall be Off-Hire if it satisfies the Off-Hire Condition during periods that are not within the Off-Hire Allowance, in each case because, other than as a result of any Company Risk Event or Force Majeure:

  

	 	(a)	the FSRU&M does not comply with the Specifications, or the FSRU is not classed by the Classification Society; or 

  

	 	(b)	the FSRU’s hull did not at the Scheduled Delivery Date have a fatigue life at least until the ***** anniversary of the Scheduled Delivery Date; or 

 

	 	(c)	the FSRU is not tight, staunch, strong, in good order and condition and fit for service under this agreement including for conditions prevailing at and around the Mooring, with her machinery, boilers, hull, cargo
storage system, and other equipment in a good and efficient state; or 

  

	 	(d)	the FSRU’s tanks, valves and pipelines are not free of debris or other foreign matter and liquid and gas tight, 

  

	    	the FSRU does not have on board all certificates, documents, approvals, permits, permissions and equipment required from time to time by the Classification Society or any Law as may from time to time be necessary to
enable the FSRU to carry out all required operations (including loading LNG and discharging Regasified LNG) at the Mooring. 

  

	4.2	Prospective Notice of Failure to Meet Specifications 

  

	    	Subject to Clause 26.7, Owner undertakes to notify Company immediately after Owner believes that the FSRU will or might not achieve Acceptance by the Scheduled Delivery Date, and shall promptly thereafter notify Company
of: 

  

	 	(a)	the expected extent of variation from the Specifications; and 

  

	 	(b)	what steps, if any, can be taken to rectify or minimise or correct such variation and the anticipated impact of taking such steps on the Delivery Time. 

 

	4.3	Measuring Devices and Sampling Systems 

  

	    	Owner enters into its obligations in the following provisions of this Clause 4.3 subject to Clause 26.7: 

  

	 	(a)	Owner shall equip the FSRU with tanks ullage tables, gas metering system, gauges and devices (both primary and secondary) for sampling temperature, level and pressure conforming to Good Industry Practice and
requirements of Class. Such tables gauges and devices shall while the FSRU is On-Hire during the Lease Period be accurate and reliable in their practical application in accordance with Good Industry Practice and requirements of Class.

  
 34 

	 	(b)	Owner shall procure: 

  

	 	(i)	testing the accuracy of the gauges and devices referred to in Clause 4.3(a); and 

  

	 	(ii)	the recalibration and recertification of tank gauge ullage tables, gauges and devices, 

  

	 	    	in accordance with Good Industry Practice and requirements of Class. 

  

	 	(c)	If any of the FSRU ullage tables, gas metering systems, gauges and devices are found to be incorrect, or if the accuracy of any part fails to meet applicable tolerances then Owner shall take all necessary actions
required by Good Industry Practice to remedy the incorrectness or inaccuracy. 

  

	5.	ALTERATIONS TO THE FSRU&M 

  

	5.1	In this agreement, “Alteration” means: 

  

	 	(a)	each alteration: 

  

	 	(i)	to the FSRU; or 

  

	 	(ii)	before the Mooring Price has been paid under Clause 2.12, to the Mooring, 

  

	 	    	that Company may from time to time reasonably request except changes contrary to the requirements of Indonesian Law or the FSRU’s Registry or Classification Society, or that would prevent or hinder or increase the
cost of performance of Owner’s obligations under this agreement; 

  

	 	(b)	any relocation of the FSRU required pursuant to Clause 28.4, including the return of the FSRU to services at the Mooring after such relocation in a condition meeting the requirements of Indonesian Law, the FSRU’s
Registry, Class, IMO and the Specifications of this agreement, (whether or not requiring capital expenditure to be spent on FSRU) (a “Relocation Alteration”); 

 

	 	(c)	each alteration to the FSRU&M required by any change in Indonesian Law or the implementation thereof which occurs after the Contract Date (each such Alteration, a “Legally Required Alteration”); and

  

	 	(d)	each alteration to the FSRU&M required by any change in the requirements of the Registry, the Classification Society or the IMO which occurs after the Contract Date. 

  
 35 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	5.2	Owner shall, subject to Clause 5.3, make or procure each Alteration to the FSRU and the Mooring pursuant to this Clause 5, and Owner shall bear: 

 

	 	(a)	the cost of each Alteration required: 

  

	 	(i)	by DNV to maintain Class; or 

  

	 	(ii)	by the IMO, 

  

	 	    	(each such Alteration, a “DNV/IMO Alteration”); 

  

	 	(b)	the first US$***** of LRA Cost it incurs before the ***** Contract Year (and “LRA Cost” means, in respect of any period, the aggregate of (i) all costs incurred in that period in performing Legally
Required Alterations that are not also DNV/IMO Alterations, and (ii) the amount equal to the ***** and (iii) the amount of any *****); and 

  

	 	(c)	the first US$***** of LRA Cost it incurs in performing Legally Required Alterations after the ***** Contract Year that are not also DNV/IMO Alterations, 

 

	    	but shall not bear the cost of any Relocation Alterations or alterations under Clause 5.6, or any Alteration to the Mooring on or after the assignment of Owner’s right, title and interest in the Mooring to Company
under Clause 2.12(e). 

  

	5.3	Except as required by Clause 5.2, Company shall bear the cost of all Alterations (and each Alteration for which Company is to pay under this Clause 5.3 shall be a “Company Alteration”).

  

	5.4	Owner shall as soon as reasonably practicable submit to Company for Company’s approval (which approval shall not be unreasonably withheld or delayed) a proposal reasonably informing Company: 

 

	 	(a)	for each Alteration, the timetable for its performance; and 

  

	 	(b)	for each Company Alteration, also of the work to be performed to make the Alteration, where that work is to be performed, its cost, and the Estimated O&M Element Increase, 

  
 36 

 and shall consult with Company as to the best manner to make such Alterations having regard to
their effect on Company and its affairs; provided that if Company withholds or delays such approval with respect to any Alteration and Owner reasonably believes that if that Alteration is not undertaken, the FSRU&M: 

 

	 	(c)	will or might not be in compliance with applicable Laws, including requirements of the Registry; or 

  

	 	(d)	will or might cease to be certified for Class, 

  

	    	then Owner may make that Alteration in accordance with Good Industry Practice and any dispute (i) as to whether that Alteration was required for such compliance or certification, or (ii) as to its cost, or
timetable for its performance, may thereafter be referred by either party to an Expert for determination. 

  

	5.5	The FSRU shall be On-Hire and no Warranty Compensation shall be payable for each period when, but for this Clause 5.5, the Off-Hire Condition would be satisfied or Warranty Compensation would be payable as a result of:

  

	 	(a)	undertaking Company Alterations in accordance with the timetable therefor approved, or determined by an Expert, under Clause 5.4; or 

 

	 	(b)	the Company’s unreasonably withholding or delaying approval of any Alteration; or 

  

	 	(c)	the time taken in respect of each Alteration for Expert determination under Clause 5.4, unless the Expert determines that: 

  

	 	(i)	the Alteration was not required for compliance with Laws or to maintain certification for Class, or 

  

	 	(ii)	that its cost should have been less or its timetable for performance shorter, than that proposed by Owner under Clause 5.4. 

  

	5.6	If there is any difference between the Design Basis and the Owner’s Site Survey (including geophysical and geotechnical data, metocean data and seismic data) which could adversely affect Owner’s risk of
liability under or cost of performing this agreement, or for which Good Industry Practice would require that the FSRU or Mooring be altered so as to conform to the Specifications, it shall be a Company Risk Event and any alteration performed shall
be a Company Alteration. 

  

	5.7	Except as otherwise expressly provided in this Clause 5 Owner shall not after Acceptance make or permit to be made any material alteration to the FSRU or Mooring without Company’s prior written consent (such
consent not to be unreasonably delayed or withheld). 

  
 37 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	5.8	If any Alteration made or to be made under this Clause 5 prevents the FSRU or Mooring from meeting the Acceptance Minimum Requirements or Operational Minimum Requirements, the parties shall seek to agree:

  

	 	(a)	amendments to the Acceptance Minimum Requirements or Operational Minimum Requirements to the extent required such that the FSRU&M after that Alteration is able to satisfy them; and 

 

	 	(b)	any amendment reasonably required to be made to the calculation of the Warranty Compensation as a consequence of that amendment such that Warranty Compensation would not be payable in circumstances in which it would not
have been payable had that Alteration not been made, 

  

	    	failing agreement of which within ***** days either party may refer the matter to an Expert for determination. 

  

	6.	DELIVERY, REDELIVERY AND CANCELLATION 

  

	6.1	FSRU Delivery Obligations 

  

	    	Owner shall deliver the FSRU safely afloat at the Mooring and may issue notice to the Company (the “Notice of Readiness”) on the satisfaction of all the NoR Conditions, and the “NoR
Conditions” shall be that: 

  

	 	(a)	the Scheduled Arrival Date shall have occurred; 

  

	 	(b)	the FSRU is safely afloat at the Mooring and connected to the Mooring’s offloading platform through the FSRU’s NG flexible hose and, if the Commissioning LNG has been delivered to the FSRU, is in all respects
ready to send out Regasified LNG; 

  

	 	(c)	the Downstream Pipeline is tied-in to the pipeline end manifold on the Mooring and is ready to receive Regasified LNG in accordance with Good Industry Practice; and 

 

	 	(d)	the Mooring Declaration shall have been issued. 

  

	6.2	Acceptance Conditions 

  

	    	The “Acceptance Conditions” shall be that: 

  

	 	(a)	the FSRU is at the Mooring and the Notice of Readiness shall have been issued in accordance with Clause 6.1; 

  

	 	(b)	the Acceptance Tests shall have been agreed by the parties or determined by an Expert, and, in either case, passed; 

  
 38 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	 	(c)	the FSRU shall have been certified by the Classification Society as in Class; 

  

	 	(d)	Owner is in compliance with Clause 30.1 and has provided to Company the documentation and confirmation required to be provided to pursuant to Clause 30.1 on or before the Delivery Date; and 

 

	 	(e)	the Novation Agreement shall be unconditional in accordance with its terms, 

  

	    	and if there is any dispute as to whether any Acceptance Condition has been satisfied, either party may refer the dispute to an Expert. 

 

	6.3	Acceptance Tests and Delivery Tests 

  

	 	(a)	Owner shall as soon as reasonably practicable after Company gives notice to Owner of Company’s readiness therefor start the Acceptance Tests and shall promptly report the results of the Acceptance Tests to Company.

  

	 	(b)	As soon as reasonably practicable, but not later than the ***** days after the Acceptance Conditions are satisfied, the parties shall each sign the Certificate of Acceptance in accordance with Clause 6.7.

  

	 	(c)	If any Acceptance Test shows that the FSRU fails in any way to satisfy the Acceptance Minimum Requirements, then, subject to Clause 26.7: 

 

	 	(i)	Owner may undertake or procure such work as it may consider necessary to ensure that Acceptance Minimum Requirements are passed; and 

 

	 	(ii)	until the Cancellation Date, either Owner or Company may require that the Acceptance Test be repeated, subject to the terms of the Delivery Protocol. 

 

	6.4	Liquidated Damages 

  

	 	(a)	Subject to Clause 6.5, it is agreed that: 

  

	 	(i)	if the Arrival Time is not achieved in accordance with Clause 6.1 by the Scheduled Arrival Date, Owner shall be liable to pay liquidated damages (“Delivery Delay LDs”) to Company therefor at the rate of
US$***** per day (and pro rata in respect of periods other than a day) for the period after the Scheduled Arrival Date until the earlier of the first time (if ever) that the Arrival Time occurs, Acceptance Delay LDs become payable, and the first
time at which the aggregate of Delay Liquidated Damages payable under this agreement equals US$10.7 million; and/or 

  

	 	(ii)	if the Acceptance Conditions are not satisfied by the Scheduled Delivery Date, Owner shall be liable to pay liquidated damages (“Acceptance Delay LDs”) to Company therefor at the rate of US$***** per
day (and pro rata in respect of periods other than a day) for the period after the 

  

	 	(iii)	Scheduled Delivery Date until the earlier of the first time at which Acceptance occurs and the aggregate of Delay Liquidated Damages payable under this agreement equals US$10.7 million, 

  
 39 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
 and the aggregate amount of liquidated damages payable under this
Clause 6.4 (such Delivery Delay LDs and Acceptance Delay LDs together, “Delay Liquidated Damages”) shall not exceed US$10.7 million. 
  

	 	(b)	Except as provided in Clauses 6.4(c) and 26.5, Owner’s obligation to pay Delay Liquidated Damages shall be its only liability and Company’s only remedy for Owner’s breach of this agreement before
Acceptance, and the parties agree that the amount of Delay Liquidated Damages provided hereunder constitutes their genuine pre-estimate of the loss that would be suffered by Company as a result of such breach. 

 

	 	(c)	Subject to Clause 6.4(d), if the obligation of Owner to pay Delay Liquidated Damages under Clause 6.4(a) is held to be unenforceable, Owner shall pay Company damages not exceeding US$10.7 million in aggregate in respect
of all Losses and Consequential Loss suffered by Company arising from the failure to issue the Notice of Readiness on or before the Scheduled Arrival Date and/or the failure of Acceptance to occur on or before the Scheduled Delivery Date (as
applicable). 

  

	 	(d)	The amount of damages payable under Clause 6.4(c) shall not in aggregate exceed the amount of the Delay Liquidated Damages that would have been payable pursuant to Clause 6.4(a) had the relevant obligation to pay the
Delay Liquidated Damages been enforceable, unless such obligation is held to be unenforceable as a result of any argument, claim, or proceeding raised or brought by Owner that such obligation is unenforceable, in which case the amount of such
damages shall be unlimited by this Clause. 

  

	 	(e)	Each sum Owner is obliged to pay under this Clause 6.4 shall be paid within ***** Banking Days of Owner being invoiced therefor, and Company may at any time while any sum that is payable to it under this Clause 6.4
remains unpaid draw down an amount equivalent to that sum under the Owner LoC. 

  

	 	(f)	If Acceptance is achieved by the Scheduled Delivery Date, or Acceptance is deemed under Clause 6.9, Company shall, within ***** Banking Days thereafter, reimburse Owner the aggregate of all Delivery Delay LDs paid to
Company under this Clause 6.4, the amounts drawn under the Owner LoC in respect of Delivery Delay LDs under Clause 6.4(e), and damages payable under Clause 6.4(c) in respect of the failure to achieve the Arrival Time in accordance with
Clause 6.1 by the Scheduled Arrival Date. 

  
 40 

	6.5	Company Delay 

  

	 	(a)	If satisfaction of the NoR Conditions is delayed as a result of the occurrence before the Delivery Time of any of the following events (each such event, a “Company Delay Event”): 

 

	 	(i)	any Company Risk Event; or 

  

	 	(ii)	Force Majeure; or 

  

	 	(iii)	Second Scheduled Completion Date (on the date hereof, as defined in the EPCIC Agreement on the date hereof) is amended or extended under the EPCIC Agreement to fall after 1 July 2014, 

the Scheduled Arrival Date shall be postponed by the aggregate of all Company Delay (and “Company Delay” means all delay
(without double-counting) in satisfying the NoR Conditions or Acceptance resulting from any Company Delay Event); and, in any event, Company may at its discretion at any time by notice to Owner postpone the Scheduled Delivery Date. 

 

	 	(b)	The Scheduled Delivery Date and Cancellation Date shall each be postponed by the periods equal to the aggregate of all Company Delays occurring before it. 

 

	 	(c)	If there is Company Delay occurring after the Scheduled Arrival Date no Delay Liquidated Damages shall be payable for the time comprised in that Company Delay. 

 

	 	(d)	Company shall pay Owner the Hire Rate during all Company Delay resulting from: 

  

	 	(i)	a Company Risk Event except to the extent that Owner received insurance proceeds from Loss of Hire Insurance for that delay; or 

  

	 	(ii)	NVNIG FM which delays the issue of the Notice of Readiness. 

  

	 	(e)	Company shall indemnify Owner against all direct costs Owner reasonably incurs due to any Company Delay resulting from: 

  

	 	(i)	a Company Risk Event; or 

  

	 	(ii)	NVNIG FM which delays the issue of the Notice of Readiness, 

 in connection with performance of
its obligations in respect of the Mooring before satisfaction of Acceptance Conditions. 
  

	6.6	Pre-Cancellation Acceptance Test Failure 

 If from time to time the FSRU or Mooring fails any
Acceptance Test before the Cancellation Date, Company may by notice to Owner: 
  

	 	(a)	require further repetition of such Acceptance Test; and/or 

  

	 	(b)	accept the FSRU&M, in which case Acceptance shall be deemed to have occurred and the parties shall sign a Certificate of Acceptance in accordance with Clause 6.7. 

  
 41 

	6.7	Certificate of Acceptance 

  

	 	(a)	The parties shall as soon as practicable after satisfaction of the Acceptance Conditions or deeming of Acceptance under Clause 6.6 or Clause 6.9 record in a Certificate of Acceptance signed by or on behalf of Owner
and countersigned by Company: 

  

	 	(i)	the Delivery Date; 

  

	 	(ii)	the Delivery Time; 

  

	 	(iii)	the place of Acceptance; 

  

	 	(iv)	the quantity and specification of marine diesel oil onboard on Acceptance (the “Delivery Bunkers”); and 

  

	 	(v)	the quantity (the “Testing Fuel Quantity”) of LNG consumed, regasified, as fuel for regasification by the FSRU during Acceptance Testing (excluding during Reliability Tests) that is not so consumed as a
result of Company Risk Event or Force Majeure (excluding Vessel FM), provided that LNG used for gassing-up and cooling down of the FSRU’s tanks shall not comprise the Testing Fuel Quantity; and any dispute as to what LNG was consumed as a
result of Company Risk Event or Force Majeure (excluding Vessel FM) may be referred by either party to an Expert. 

  

	 	(b)	Signature of the Certificate of Acceptance shall not affect any rights or obligations under this agreement, save that the Certificate of Acceptance shall be conclusive evidence that Acceptance has occurred and of the
quantity and specification of Delivery Bunkers, and the Testing Fuel Quantity. 

  

	6.8	Redelivery 

  

	 	(a)	The FSRU shall, subject to Clauses 26.5 and 26.10, be redelivered by Company to Owner at the Mooring free of LNG with cargo tanks under inerts or air on expiry of the Lease Period or earlier termination of this
agreement in accordance with its terms. 

  

	 	(b)	The Certificate of Redelivery shall on such redelivery be completed and signed by Owner and Company confirming the date and time of redelivery and the quantities of bunkers on board the FSRU at the time of redelivery.

  
 42 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	6.9	Prolonged Company Risk Event 

 If Acceptance is delayed in aggregate by more than ***** days due
to Company Risk Event or Force Majeure (excluding Vessel FM) occurring before the Cancellation Date, then with effect on and from the ***** day of that delay: 
  

	 	(a)	Acceptance shall be deemed to have occurred and the parties shall sign a Certificate of Acceptance in accordance with Clause 6.7. 

  

	 	(b)	“Operating Window” means the period starting on the date of deemed Acceptance pursuant to Clause 6.9(a) or 26.3(e) and ending on the later to occur of: 

 

	 	(i)	Nominations, and nominations to load LNG under the LNG Transfer Procedure, having been made and fully satisfied for at least 100 days after deemed Acceptance pursuant to this Clause 6.9 or Clause 26.3(e) (as the case
may be); and 

  

	 	(ii)	the FSRU having regasified LNG at a rate of at least 45 MMscf per day for at least 4 hours continuously. 

  

	 	(c)	During the first ***** days referred to in Clause 6.9(b)(i), the FSRU shall be On-Hire and no Warranty Compensation pursuant to paragraphs 1(b) and 1(e) of Part C of Schedule 2 shall be payable. 

 

	 	(d)	During the last ***** days referred to in Clause 6.9(b)(i), the Off-Hire regime shall apply to FSRU, and no Warranty Compensation pursuant to paragraphs 1(b) and 1(e) of Part C of Schedule 2 shall be payable.

  

	 	(e)	Owner shall have no liability under paragraphs 1(b) and 1(e) of Schedule 2 Part C until the Operating Window has expired. 

  

	 	(f)	After the Operating Window has expired, the Guaranteed Regasification Flow Rate shall be the Maximum Tested Regasification Flow Rate from time to time. 

 

	 	(g)	The “Maximum Tested Regasification Flow Rate” shall, subject to the other provisions of this Clause 6.9, be 98% of the highest Regasification Flow Rate at which the FSRU has operated for 4 continuous
hours in accordance with this agreement. 

  

	 	(h)	After the Operating Window has expired, the “GC” as referred to in paragraph 1(e) of Schedule 2 Part C shall be calculated by reference to the Maximum Tested Regasification Flow Rate from time to time and the
graph set out in paragraph 10 of Schedule 1 Part A. 

  
 43 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	 	(i)	If Owner fails to comply with a Nomination (other than at as a result of Force Majeure or Company Risk Event) on more than ***** occasions, the parties shall meet to discuss the reasons for the FSRU’s
underperformance. If they cannot agree, either party may appoint an Expert to determine why the FSRU has failed to regasify the LNG at the rate Nominated by Company in accordance with the Nomination Procedure. 

 

	 	(j)	If the Expert determines that there were no technical or operational reasons for the FSRU’s failure to deliver Regasified LNG at the rate Nominated by Company in accordance with Clause 6.9(g) for ***** continuous
hours, it shall be deemed to have done so, and the Maximum Tested Regasification Flow Rate and “GC” referred to in paragraph 1(e) of Schedule 2 Part C shall be adjusted accordingly. 

 

	6.10	Commissioning LNG 

  

	 	(a)	Company shall provide LNG required for the Acceptance Tests (“Commissioning LNG”), and pay for such LNG (except the Testing Fuel Quantity), in accordance with the Delivery Protocol. 

 

	 	(b)	Owner shall use reasonable endeavours to assist Company in sourcing Commissioning LNG and delivering it to Lampung. 

  

	 	(c)	Owner shall pay for the Testing Fuel Quantity at the LNG Price, with payment of sums due under this Clause 6.10 to be made by deduction from sums due to Owner under Monthly Invoices. 

 

	7.	BUNKERS AT DELIVERY AND REDELIVERY 

  

	7.1	Delivery and Redelivery 

  

	 	(a)	Company shall accept and pay for the Delivery Bunkers at the Fuel Price and amounts owed under this Clause 7.1(a) shall be separately itemised in the first Monthly Invoice issued after Acceptance (if it occurs).

  

	 	(b)	Owner shall on redelivery accept and pay at the Fuel Price for all bunkers certified in the Certificate of Redelivery as on board the FSRU at the time of redelivery. 

 

	 	(c)	The FSRU shall be delivered to Company provisioned with marine diesel oil at least sufficient for reasonable operations prior to the Scheduled Delivery Date. 

 

	7.2	Grade of bunkers 

 Company shall supply marine diesel oil whose properties comply with the
standard for DMA. 

  
 44 

	8.	COMPANY TO PROVIDE 

  

	8.1	Company shall provide to Owner nominations of LNG for loading on to the FSRU in accordance with the LNG Transfer Procedure and Nominations in accordance with the Nomination Procedure. 

 

	8.2	Subject to Clause 18.1(c), after the Delivery Time, Company shall pay the cost of: 

  

	 	(a)	any make-up of bunker fuels provided by Owner and also during Reliability Tests; 

  

	 	(b)	Regasified LNG (including Boil-Off gas) for use as fuel for the performance by Owner of its obligations and duties under this agreement; 

 

	 	(c)	any port charges, pilotage, towage, mooring, Company’s agency fees, or customs or import duties arising in connection with each LNG Carrier and duties, levies and Taxes relating to the unloading of each LNG
Carrier; 

  

	 	(d)	all costs and expenses relating to terminal security required in accordance with the ISPS Code (including CCTV system if required under the terminal security plan and if so required, Owner shall provide access to the
FSRU to Company Personnel for the purposes of installation, maintenance and monitoring of such system); and 

  

	 	(e)	for the Mooring, periodic maintenance, repairs, insurance, inspections and surveys beyond daily inspections (including diving inspections) and capital spares. 

 

	9.	OWNER TO PROVIDE 

  

	9.1	Personnel 

 It is agreed that: (i) Owner shall pay Warranty Compensation if required by
Clause 21 and Schedule 2 for each period during which the FSRU fails to meet the Warranty Performance Requirement during the Warranty Liability Period; and (ii) the FSRU shall be Off-Hire if it satisfies the Off-Hire Condition during periods
that are not within the Off-Hire Allowance, in each case because, other than as a result of any Company Risk Event or Force Majeure, Owner failed to provide shipboard personnel in accordance with the following terms: 

 

	 	(a)	the FSRU shall have a full and efficient complement of Master, officers and crew for a FSRU of her tonnage, who shall in any event be not less than the number and nationality required by the Indonesian Law and who shall
be trained to operate the FSRU&M competently and safely; 

  
 45 

	 	(b)	all shipboard personnel shall hold valid certificates of competence in accordance with Indonesian Law; 

  

	 	(c)	all shipboard personnel shall be trained and certified to a standard in accordance with Good Industry Practice and International Standards; and 

 

	 	(d)	there shall be on board sufficient personnel with a good working knowledge of written and spoken English to enable all operations at the Mooring to be carried out efficiently and safely and to enable communications
between the FSRU and those loading the FSRU or accepting discharge therefrom to be carried out safely and efficiently. 

  

	9.2	Duties 

 It Is agreed that: (i) Owner shall pay Warranty Compensation if required by Clause
21 and Schedule 2 for each period during which the FSRU fails to meet the Warranty Performance Requirement during the Warranty Liability Period; and (ii) the FSRU shall be Off-Hire if it satisfies the Off-Hire Condition during periods that are
not within the Off-Hire Allowance, in each case because, other than as a result of any Company Risk Event or Force Majeure: 
  

	 	(a)	it fails to load LNG in accordance with the LNG Transfer Procedure and discharge Regasified LNG in accordance with Nominations acting at all times as a reasonable and prudent operator; 

 

	 	(b)	it fails to operate all equipment comprised in the FSRU&M, including the Regasification Equipment, in a safe and proper manner and as required by Indonesian Law; 

 

	 	(c)	it fails to keep up to date records and logs in accordance with Good Industry Practice; 

  

	 	(d)	it fails to use reasonable endeavours to cooperate with Company to comply with and satisfy any requirements of any Governmental Authority; 

 

	 	(e)	it fails to stow LNG properly or to keep a strict account of all LNG loaded, Boil-Off when the FSRU is in Storage Condition, and Regasified LNG discharged; and 

 

	 	(f)	it fails to exercise due diligence and Good Industry Practice to minimise venting of Boil-Off. 

  

	9.3	Owner Obligations 

 It is agreed that: (i) Owner shall pay Warranty Compensation if
required by Clause 21 and Schedule 2 for each period during which the FSRU fails to meet the Warranty 

  
 46 

 
Performance Requirement during the Warranty Liability Period; and (ii) the FSRU shall be Off-Hire if it satisfies the Off-Hire Condition during periods that are not within the Off-Hire
Allowance, in each case because, other than as a result of any Company Risk Event or Force Majeure, Owner shall have failed to provide and pay for the following during the Lease Period: 

 

	 	(a)	all provisions, wages (including but not limited to all overtime payments), and discharging fees and all other expenses related to the Master, officers and crew; 

 

	 	(b)	all insurance on the FSRU&M as determined in accordance with Schedule 5; 

  

	 	(c)	all deck, cabin and engine-room spare parts and other necessary stores, including water and lubricating oil; 

  

	 	(d)	all drydocking in emergency cases, maintenance and repairs to the FSRU&M (including port charges); 

  

	 	(e)	all fumigation and de-rat certificates; 

  

	 	(f)	all radio traffic and other communication equipment; 

  

	 	(g)	all deck and/or gangway or basket watchmen during night and day; 

  

	 	(h)	sufficient lighting; 

  

	 	(i)	nitrogen gas and inert gas for inerting cargo spaces; 

  

	 	(j)	certificates certifying testing, calibration, and maintenance of cranes, derricks, lifting beams, pulley blocks, lifting gear and slings; 

 

	 	(k)	tonnage certificates and Class certificates; 

  

	 	(l)	all customs or import duties arising in connection with any of the foregoing; and 

  

	 	(m)	subject to Clauses 2.11 and 25, all Consents required by Governmental Authorities to be in Owner’s name for the operation of the FSRU&M and performance of the other obligations of Owner under this agreement.

  

	9.4	Provision for Company employees 

 At all times during the Lease Period, Owner, at its own cost,
shall provide accommodation for at least two of Company’s employees responsible for coordinating terminal operations onshore and offshore in the FSRU’s available accommodation or such higher number as the parties may mutually agree, and
Owner shall provide them 

  
 47 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
 
provisions and all requisites as are supplied to officers, except alcohol and Company shall reimburse Owner the cost of such provisions or requisites for each such Company employee while on board
the FSRU as part of Hire. While onboard the FSRU&M, each such Company employee shall comply with the lawful instructions of the Master at all times. 
  

	10.	CONDUCT OF FSRU’S PERSONNEL 

  

	10.1	If Company has reasonable grounds to complain about the conduct of the Master, or any of the officers or crew, Owner shall as soon as reasonably practicable investigate the complaint, and if the complaint proves to be
well-founded Owner shall as soon as reasonably practicable: 

  

	 	(a)	take such action as Good Industry Practice would require, including, if necessary, making any change in the FSRU’s complement of Master, officers and crew; and 

 

	 	(b)	shall communicate the results of its investigation to Company as soon as reasonably possible. 

  

	10.2	Owner warrants that it shall implement, comply with and maintain throughout the Lease Period a quality assurance and quality management system (the “QA/QM System”), to be in accordance with Good
Industry Practice, International Standards, and the International Safety Management (ISM) Code. The QA/QM System shall cover all management activities in relation to the FSRU and its operation, and include an HSSE programme. Owner shall supply
documentation ***** days after the end of each Contract Quarter during the Lease Period confirming such maintenance of the QA/QM System. 

  

	10.3	Owner further undertakes to ensure that throughout the Lease Period, the FSRU&M shall have and Owner shall fully comply with the following, all in accordance with Good Industry Practice: 

 

	 	(a)	a documented safe working procedures system (including procedures for the identification and mitigation of risks); 

  

	 	(b)	a documented environmental management system; and 

  

	 	(c)	a documented accident/incident reporting system compliant with the requirements of the Registry. 

  

	10.4	Owner shall deliver from the Delivery Date: 

  

	 	(a)	within ***** days after the end of every calendar month during the Lease Period, monthly written reports detailing all accidents and incidents; and 

 

	 	(b)	within ***** days after the end of every second Contract Quarter during the Lease Period, a written report detailing all environmental reporting requirements for the 

 

	 	(c)	preceding two Contract Quarters in accordance with reporting formats to be agreed by the parties. 

  

	10.5	Owner shall procure that HSSE records are maintained sufficient to demonstrate compliance with the requirements of the QA/QM System. 

  
 48 

	11.	FSRU TEMPERATURE AND LNG RETENTION 

  

	11.1	LNG Heel 

  

	 	(a)	For the purposes of this agreement, the FSRU shall satisfy the “Tank Temperature Condition” when the average temperature of the bottom of each cargo tank into which LNG is to be loaded from an LNG
Carrier is no warmer than -161° Celsius, and each tank’s average vapour temperature is no warmer than -130° Celsius. 

 

	 	(b)	Company shall be responsible, in accordance with the Nomination Procedure and LNG Transfer Procedure, for managing the quantities of LNG retained in the FSRU’s cargo tanks after Acceptance in accordance with Good
Industry Practice in order to ensure that the FSRU: 

  

	 	(i)	will at all times satisfy the Tank Temperature Condition; and 

  

	 	(ii)	is free of LNG on expiry of the Lease Period, 

 and failure so to manage such quantities after
Acceptance shall be a Company Risk Event, provided however there shall be no such failure if at any time after Acceptance the FSRU fails to satisfy the Tank Temperature Condition despite the Company having maintained the minimum quantity of LNG heel
in the FSRU’s cargo tanks through its Nominations. 
  

	 	(c)	Owner shall: 

  

	 	(i)	provide Company with up to date and accurate information regarding the quantities of LNG retained in the FSRU’s cargo tanks (and Owner and Company shall procure that Representatives of each meet after the date of
this agreement and seek to agree how the Company might be provided with such information) on a real time basis in the manner described in Clause 22.1(b) in accordance with Good Industry Practice; and 

 

	 	(ii)	permit the Company’s employees on board the FSRU pursuant to Clause 9.4 to monitor such quantities of LNG. 

  

	11.2	Cool-Down 

 Subject to Clause 18.1(c), Company shall procure and pay for the supply of all LNG
required for gassing up and cooling of the FSRU to satisfy the Tank Temperature Condition and to operate the FSRU in accordance with Good Industry Practice. 

  
 49 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	12.	HIRE 

  

	12.1	Subject to Schedule 6 and the other provisions of this agreement, Company shall pay the Hire Rate to Owner for all time comprised in the period starting at the earlier of the Arrival Time and Acceptance and ending at
the end of the Lease Period, except for time when the FSRU is Off-Hire (and the FSRU shall be “On-Hire” for all times for which the Hire Rate is payable under this Clause 12.1). 

 

	12.2	Subject to Clause 6.5, the Company shall pay Owner for all time comprised in any Company Risk Event at the Hire Rate. 

  

	12.3	If this agreement is terminated under Clause 26.3(a) before Acceptance, all Hire paid shall be repaid to Company within ***** Banking Days, provided that Owner shall not be obliged to repay more than ***** days’
Hire under this Clause 12.3. 

  

	13.	PAYMENTS OF HIRE 

  

	13.1	Invoices 

  

	 	(a)	Owner may: 

  

	 	(i)	in respect of any period of a Company Risk Event that occurs in any calendar month, submit invoices to Company at any time after that calendar month; and 

 

	 	(ii)	in respect of any time after Arrival Time may submit invoices (each a “Monthly Invoice”) to Company no earlier than: 

 

	 	(A)	in respect of the Hire for period from the Arrival Time until the end of the calendar month in which the Arrival Time occurs (the “First Monthly Invoice”), the Arrival Time; and thereafter

  

	 	(B)	in respect of each calendar month subsequent to the calendar month in which the Arrival Time occurs, the first Banking Day of that subsequent calendar month. 

 

	 	(b)	The First Monthly Invoice shall be accompanied by: 

  

	 	(i)	Indonesian Tax Invoice (Faktur Pajak); 

  

	 	(ii)	Indonesian Tax Identification Number (NPWP); and 

  

	 	(iii)	Indonesian Entrepreneur Tax Number (NPPKP). 

  
 50 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	 	(c)	Each Monthly Invoice shall include the following Information: 

  

	 	(i)	the date and the number of days for which Hire is payable; 

  

	 	(ii)	the applicable Hire Rate, Capital Element, Operating and Maintenance Element and Tax Element, for each day of the period for which the invoice is submitted; 

 

	 	(iii)	the gross amount payable (expressed in figures and in words); 

  

	 	(iv)	subject to Clause 22.2, any deduction for the amount of Warranty Compensation (if any) due and payable under Clause 21, together with any supporting calculations, and any amounts payable to Company under
section 5.12 of Schedule 6 (if any); 

  

	 	(v)	Any deduction for tax receipt or tax deduction already received by Owner to be repaid to Company under Schedule 6; 

  

	 	(vi)	any other amount owed to either party by the other under this agreement, including interest due under Clause 13.3; 

  

	 	(vii)	the date and place of issue and serial number of the Monthly Invoice; 

  

	 	(viii)	the serial number and date of execution of this agreement; 

  

	 	(ix)	the name and code number of the bank, its address and the account number to which payment should be made; 

  

	 	(x)	the name of a contact person and such person’s address and fax number, in order that Company may notify Owner that payment has been made; and 

 

	 	(xi)	shall be accompanied, if required, by the Indonesian Tax Invoice (Faktur Pajak) in respect of that Monthly Invoice. 

  

	13.2	Invoices 

 The amounts properly demanded in accordance with this agreement in: 

 

	 	(a)	each invoice that is not a Monthly Invoice, shall be paid within ***** Banking Days after receipt by the Company of such invoice in accordance with Clause 13.1(c); 

 

	 	(b)	the First Monthly Invoice shall be paid within ***** Banking Days after receipt by the Company of the First Monthly Invoice; and 

  

	 	(c)	each Monthly Invoice thereafter shall be paid before the ***** Banking Day after receipt by the Company of that invoice, and each date by which payments must be made under this Clause 13.2 is the “Monthly
Invoice Due Date”. 

  
 51 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	13.3	Payments and Interest 

  

	 	(a)	Amounts due to Owner under this agreement shall be paid by electronic transfer in immediately available funds to such account with such bank as shall have been designated by the payee in the relevant invoice.

  

	 	(b)	Any party that fails to pay any amount when due under this agreement shall pay interest thereon accruing from that date until the date it is paid at the rate per annum equal to the aggregate of LIBOR and *****%.

  

	13.4	VAT 

 All amounts due to Owner hereunder are expressed exclusive of value added tax
(“VAT”) thereon. In accordance with the tax regulations for VAT, VAT may be charged by Owner on those amounts where applicable and should be paid in accordance with the applicable Law. Owner shall also issue tax invoices (for
example Faktur Pajak) in accordance with the tax regulations, for Hire and other amounts payable to Owner hereunder. 
  

	13.5	Fuel and LNG Prices 

 In this agreement: 

 

	 	(a)	the “Fuel Price” that a party is required by this Agreement to pay for marine diesel oil shall be *****; and 

  

	 	(b)	the “LNG Price” for LNG or natural gas vapours shall be the ***** 

  

	13.6	Banking Days 

 Any payment which is due to be made under this agreement on a day that is not a
Banking Day shall be made on the next Banking Day. 
  

	14.	FSRU DEPLOYMENT AND OPERATION 

  

	14.1	Safe Places 

 Company does not warrant the safety of any place (including the location of the
Mooring). 

  
 52 

	14.2	Instructions and Logs 

  

	 	(a)	Company shall from time to time give the Master nominations of LNG for loading on to the FSRU in accordance with the LNG Transfer Procedure and Nominations in accordance with the Nomination Procedure, and the Master
shall keep a full and correct log of the operations of the FSRU which Company or its agents may inspect as required. 

  

	 	(b)	Owner shall either procure that the Master shall when required furnish Company or its agents with a true copy of such log, with properly completed loading and discharging sheets and such other reports as Company may
reasonably require; or Company may make copies at Owner’s expense of any such documents. 

  

	 	(c)	Company will appoint one Representative by notice to Owner (and may replace that Representative at any time by notice to Owner) to give all nominations for loading of LNG and LNG loading schedules, and Nominations for
the delivery of Regasified LNG at the Delivery Point, and whose communications shall bind Company. 

  

	14.3	Interface with Company’s Terminal 

  

	 	(a)	The parties acknowledge and agree that the FSRU&M shall be part of a terminal operated by Company. 

  

	 	(b)	After Acceptance, the parties shall meet in order to discuss and endeavour to agree upon the integration of the operating procedures in respect of the FSRU&M and the operating procedures of the terminal.

  

	 	(c)	The parties shall use their reasonable endeavours to comply with the operating procedures agreed under Clause 14.3(b) in accordance with Good Industry Practice and applicable Laws. 

 

	15.	ASSIGNMENT BY OWNER 

  

	15.1	Except as permitted or required under Clauses 15.2, 15.3, 15.4, 24.3 and Schedule 10, Owner may not assign, novate or transfer, declare a trust over, or deal in any way with, any of its rights or obligations under this
agreement or rights, title, or interest in or to the FSRU. Owner may delegate obligations under this agreement to a manager if that would be in accordance with Good Industry Practice. 

 

	15.2	Provided that Owner remains obliged to perform this agreement, Owner may with the prior written consent of Company (such consent not to be unreasonably withheld or delayed) assign its rights under this agreement to:

  

	 	(a)	Höegh LNG Ltd.; or 

  

	 	(b)	any Affiliate of Höegh LNG Ltd., but only if the assignee remains an Affiliate of Höegh LNG Ltd. throughout the term of this agreement, 

  
 53 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
 and provided always that it shall in all circumstances be reasonable for
Company to withhold consent to any such assignment if that assignment would or might result in Company suffering or incurring any Losses, Consequential Loss, or Taxes that it would not suffer or incur were there no such assignment. 

 

	15.3	Owner may novate all its rights and obligations under this agreement to any Affiliate wholly-owned and wholly Controlled directly by the Initial Owner, provided that: 

 

	 	(a)	Owner shall provide a guarantee and indemnity given by the Indonesian Owner Guarantor and in form and substance satisfactory to Company, acting reasonably, guaranteeing performance by that Affiliate of its obligations
under this agreement; 

  

	 	(b)	that Affiliate is, and shall remain, wholly-owned and wholly Controlled by the Initial Owner; and 

  

	 	(c)	the novation will not cause Company to incur any additional cost, Tax or other liability. 

  

	15.4	Unless the parties otherwise agree in writing signed by both of them, Owner shall before Acceptance procure that title to the FSRU is assigned to the Indonesian Owner, and promptly after such assignment that the
Indonesian Owner shall, execute and deliver to Company an agreement substantially in the form set out in Schedule 9 (the “Novation Agreement”). 

  

	15.5	Company shall execute and deliver the Novation Agreement to Owner as soon as reasonably practicable and in any event within ***** Banking Days after delivery of that agreement to it under Clause 15.4.

  

	15.6	On execution of the Novation Agreement, the Indonesian Owner, shall become the “Owner” under this agreement. 

  

	16.	ASSIGNMENT BY COMPANY 

  

	16.1	Except as set forth in this Clause 16, Company may not assign, novate or transfer, declare a trust over, or deal in any way with, any of its rights or obligations under this agreement. 

 

	16.2	Provided that Company remains obliged to perform this agreement, Company may assign its rights under this agreement with the prior written consent of Owner, such consent not to be unreasonably withheld or delayed, to
any Affiliate of Company, but only if the assignee remains such an Affiliate throughout the term of this agreement, and provided always that it shall in all circumstances be reasonable for Owner to withhold consent to any such assignment if that
assignment would or might result in Owner suffering or incurring any Losses, Consequential Loss, or Taxes that it would not suffer or incur were there no such assignment. 

  
 54 

	16.3	Company may novate all its rights and obligations under this agreement to any Affiliate wholly-owned and wholly Controlled directly by the Initial Company if: 

 

	 	(a)	Company shall provide a guarantee and indemnity given by the Initial Company and in form and substance satisfactory to Owner, acting reasonably, guaranteeing performance by that Affiliate of its obligations under this
agreement; 

  

	 	(b)	that Affiliate is, and shall remain, wholly-owned and wholly Controlled by the Initial Company; and 

  

	 	(c)	the novation will not cause the Owner to incur any additional cost, Tax or other liability. 

  

	17.	LOSS OF FSRU 

  

	17.1	During the Lease Period, should the FSRU be lost, this agreement shall terminate and Hire shall cease to be payable at the time of her loss, or if such time of loss is unknown, at the time when the FSRU was last heard
from. 

  

	17.2	Should the FSRU be a constructive total loss, this agreement shall be deemed to terminate at noon on the date on which the FSRU’s underwriters agree that the FSRU is a constructive total loss (unless Company has
previously terminated this agreement pursuant to Clauses 25.5) and Hire shall cease to be payable at noon on the day that this agreement terminates. 

  

	17.3	If this agreement terminates pursuant to this Clause 17, Company shall have no liability to Owner pursuant to Clause 26.4. 

  

	18.	OFF-HIRE 

  

	18.1	Off-Hire 

  

	 	(a)	Except when the FSRU is expressed to be On-Hire under Clauses 3.5(e), 5.5, 6.9(c), 18.1(b), 18.2(b), 25.2(a), 25.7, 26.3(c), 26.10(a)(iii), 28.1, 28.2, 29, for each minute after Acceptance during which the FSRU or
Mooring fails to satisfy or is incapable of satisfying any of the Operational Minimum Requirements, the FSRU shall be “Off-Hire” for the purposes of this agreement and no Hire shall be payable by Company for time that the FSRU is
Off-Hire. 

  

	 	(b)	The FSRU shall be On-Hire at any time that the FSRU or Mooring fails to satisfy or is incapable of satisfying any of the Operational Minimum Requirements as a result of any Company Risk Event or Force Majeure.

  

	 	(c)	The cost of all fuels, LNG or vapour lost from or consumed by the FSRU while the FSRU is Off-Hire hereunder, as well as all charges and other expenses of Owner which are incurred by the FSRU during such period,
including all costs 

  

	 	(d)	related to the operation and maintenance of the FSRU&M, shall be borne by Owner. 

  
 55 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	18.2	Off-Hire Allowance 

  

	 	(a)	For the purposes of this Clause 18, the “Off-Hire Condition” shall be satisfied at any time during which, but for this Clause 18.2, the FSRU&M would be Off-Hire. 

 

	 	(b)	Notwithstanding Clause 18.1, for the first ***** hours during each Contract Year of a year’s duration (and pro rata in respect of a Contract Year of a lesser duration) that the Off-Hire Condition is satisfied (the
“Off-Hire Allowance”), the FSRU shall nevertheless be On-Hire and not Off-Hire and no Warranty Compensation shall be payable by Owner to Company, for the duration of such Off-Hire Allowance. 

 

	 	(c)	No Off-Hire Allowance for any Contract Year may be carried forward to be applied in respect of any other Contract Year. 

  

	18.3	Owner may not, under any circumstances, trade the FSRU&M for its own account during any period of Off-Hire. 

  

	19.	SHIP TO SHIP TRANSFERS 

 Any ship to ship operations shall meet or exceed the latest
published edition of the International Chamber of Shipping (ICS)/OCIMF Ship to Ship Transfer Guide (Liquefied Gases), ISGOTT safety guide, and any other recommendation published by SIGTTO. 

 

	20.	MAINTENANCE 

  

	20.1	Subject to Clause 28, Owner shall maintain the FSRU&M during the Lease Period in accordance with Good Industry Practice, the requirements of DNV, and the Owner Planned Maintenance System. Owner shall provide the
operator of the Downstream Pipeline reasonable access to the Mooring for the purposes of such operator providing maintenance on the Downstream Pipeline, and Company shall coordinate with Owner and ensure that any such maintenance of the Downstream
Pipeline is performed without interference with or hindrance to the FSRU’s or Mooring’s safe and efficient operation and that its operator and all its Representatives comply with the lawful directions of the Master while on or accessing
the Mooring. 

  

	20.2	To the extent consistent with Owner’s obligations under Clause 20.1, Owner and Company shall use reasonable endeavours to synchronise the periods when Owner undertakes maintenance under Clause 20.1 which would or
might cause the FSRU&M to fail to meet the Operational Minimum Requirements or result in an obligation to pay Warranty Compensation with maintenance of Company’s facilities that reduces the capacity of Company to take Regasified LNG at the
Delivery Point. 

  
 56 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	20.3	Within a reasonable time after Acceptance, and thereafter no later than ***** days prior to the commencement of each Contract Year, Owner shall provide Company with an annual report detailing the inventory of major
spare parts on board the FSRU and the proposed maintenance that Owner intends to undertake during the following Contract Year which would or might cause the FSRU&M to fail to meet the Operational Minimum Requirements or result in an obligation
to pay Warranty Compensation, and the schedule for such maintenance. 

  

	21.	WARRANTY COMPENSATION 

  

	21.1	Subject to Clause 21.2, Owner undertakes that it will pay Warranty Compensation in respect of the Warranty Liability Period if and to the extent required by Part C of Schedule 2, provided that no Warranty Compensation
shall be payable in respect of each period for which this agreement expressly provides that no Warranty Compensation is payable by Owner under Clauses 3.5(e), 5.5, 6.9, 18.2(b), 25.2(a), 25.7, 26.3(c), 26.10(a)(iii), 28.1(b), 29 and section 2.3
of Schedule 13. 

  

	21.2	The aggregate amount of Warranty Compensation other than Fuel Consumption Warranty Compensation and Boil-Off Warranty Compensation payable by Owner to Company under this agreement in respect of any day shall not exceed
the Warranty Compensation Cap for that day. 

  

	22.	FSRU&M PERFORMANCE REVIEW 

  

	22.1	FSRU&M Performance Data 

  

	 	(a)	Owner shall within ***** days after the end of each Performance Period notify Company of the amount of Warranty Compensation payable in respect of that Performance Period (if any) and provide or procure provision of all
information to Company that may reasonably be required to determine the Warranty Compensation payable (if any) to Company under Clause 21; and such determination shall be made using information including: 

 

	 	(i)	statistical data supplied by the Master in the logs provided by Company; 

  

	 	(ii)	custody transfer documentation for each cargo of LNG; and 

  

	 	(iii)	readings of the Gas Metering Equipment, the FSRU’s daily logs and records documenting the volume of Regasified LNG discharged by the FSRU. 

 

	 	(b)	After Acceptance, Owner shall permit Company online access to certain FSRU operational and performance data generally described as: 

  

	 	(i)	pressure; 

  

	 	(ii)	temperature; 

  
 57 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	 	(iii)	flow rate and shut down valve status; 

  

	 	(iv)	fire and gas general alarm; 

  

	 	(v)	LNG level in storage tanks; and 

  

	 	(vi)	any other data agreed by the parties, 

 provided that any additional cost Owner incurs to
provide such online access shall be for Company’s account, and Company shall pay such additional cost in accordance with Clause 13. 
  

	22.2	Performance Claim Payments 

 Owner shall pay any Warranty Compensation due to Company under
Clause 21, in respect of all but the last Performance Period, by deduction from amounts due pursuant to the next following Monthly Invoice, and with respect to the last Performance Period, within ***** Banking Days after being invoiced by Company
therefor by payment to such account as Company shall designate. 
  

	22.3	Claim for Final Period 

 Company’s rights under clause 22.2 shall survive termination of
this agreement. 
  

	23.	INDEMNIFICATION 

  

	23.1	Personnel Indemnification 

  

	 	(a)	Owner shall be solely responsible for, and shall protect, defend, indemnify and hold all members of Company’s Group harmless from and against any Losses (including legal expenses) arising during the term of this
agreement before the end of the Lease Period out of any claims or causes of action for illness or injuries to or death of any employees of any member of Owner’s Group arising out of the operation of the FSRU or Mooring or in any manner
occurring in connection with the FSRU or Mooring or this agreement and regardless of whether such illness, injury or death is caused in whole or in part by the active, passive, sole, joint or concurrent negligence of any member of Company’s
Group, strict liability, unseaworthiness, unairworthiness and including pre-existing conditions or any other theory of liability. 

  

	 	(b)	 Company shall be solely responsible for, and shall protect, defend, indemnify and hold all members of Owner’s Group harmless from and against any
Losses (including legal expenses) arising during the term of this agreement before the end of the Lease Period out of any claims or causes of action for illness or injuries to or death of any employees of any member of Company’s Group arising
out of the operation of the FSRU or Mooring or in any manner occurring in connection with the FSRU or Mooring or this agreement and regardless of whether such 

  
 58 

	 	
illness, injury or death is caused in whole or in part by the active, passive, sole, joint, or concurrent negligence of any member of Owner’s Group, strict liability, unseaworthiness,
unairworthiness and including pre-existing conditions or any other theory of liability. 

  

	23.2	Property of Owner and Company 

  

	 	(a)	Owner shall be solely responsible for, and shall protect, defend, indemnify and hold members of Company’s Group harmless from and against any Losses (including legal expenses) arising during the term of this
agreement before the end of the Lease Period out of any claims or causes of action for or in connection with damage to or loss of the FSRU, the Mooring (prior to assignment of Owner’s rights, title and interest in the Mooring to Company under
Clause 2.12), property, equipment and materials owned or leased by any member of Owner’s Group, irrespective of the cause thereof or reason therefor and regardless of whether such loss or damage is caused in whole or in part by the active,
passive, sole, joint or concurrent negligence of any member of Company’s Group, strict liability, unseaworthiness, unairworthiness and including pre-existing conditions or any other theory of liability. 

 

	 	(b)	Company shall be solely responsible for, and shall protect, defend, indemnify and hold all members of Owner’s Group harmless from and against any Losses (including legal expenses) arising during the term of this
agreement before the end of the Lease Period out of any claims, demands, suits or causes of action, for or in connection with damage to or loss, property, equipment and materials (except the Mooring prior to assignment of Owner’s rights, title
and interest in the Mooring to Company under Clause 2.12, or the FSRU) owned or leased by any member of Company’s Group, or LNG stored (except Boil-Off), on the FSRU or Mooring, irrespective of the cause thereof or reason therefor and
regardless of whether such loss or damage is caused in whole or in part by the active, passive, sole, joint or concurrent negligence of any member of Owner’s Group, strict liability, unseaworthiness, unairworthiness and including pre-existing
conditions or any other theory of liability. 

  

	23.3	Pollution 

  

	 	(a)	Owner shall be solely responsible for, and shall protect, defend, indemnify and hold harmless all members of Company’s Group from and against any and all Losses (including legal expenses), arising during the term
of this agreement before the end of the Lease Period as a result of any pollution or contamination created by or arising or emanating from the FSRU or Mooring or the operation of the FSRU or Mooring in respect of this agreement (“Vessel
Pollution”) provided that Owner’s aggregate liability for each accident or occurrence under this Clause 23.3 shall not exceed the Applicable Amount. 

 

	 	(b)	 Company shall be solely responsible for, and shall protect, defend, indemnify and hold harmless all members of Owner’s Group from any Losses
(including legal 

  
 59 

	 	
expenses) arising during the term of this agreement before the end of the Lease Period in respect of Vessel Pollution in excess of the Applicable Amount. If Owner has any basis to believe that
any pollution or contamination accident or occurrence may result in claims in excess of the Applicable Amount, it shall promptly notify Company in writing and Company shall be entitled, but not required, to participate in the handling and defence of
any claims, demands, suits or other proceedings. 

  

	 	(c)	Subject to Clause 23.3(b), as well as the provisions of Clauses 23.1 and 23.2, Company shall be responsible for and shall protect, defend, indemnify and hold harmless all members of Owner’s Group from and against
any and all Losses (Including legal expenses), arising during the term of this agreement as a result of any pollution or contamination created by or arising or emanating from or directly related to the operation of the Downstream Pipeline, any LNG
carrier, or any vessel operating under a Tug Charter. 

  

	23.4	Indonesian Taxes 

 In respect of the performance of Owner’s obligations under this
agreement relating to the Mooring arising during the term of this agreement before the end of the Lease Period: 
  

	 	(a)	Company shall pay or bear all Indonesian Taxes invoiced by Owner, provided that Company shall not be liable to pay or bear any penalties, interest, surcharges or Taxes payable as a result of non-compliance with
applicable Laws by any member of Owner’s Group; and 

  

	 	(b)	any liability for Taxes, other than Indonesian Taxes, shall be for the Owner’s account. 

  

	23.5	Survival 

 Obligations accrued during the term of this agreement before the end of the Lease
Period under this Clause 23 shall survive the termination of this agreement. 
  

	24.	LIENS 

  

	24.1	Owner Liens 

 Save as provided in the next following sentence, Owner shall not have, or allow
others (claiming through Owner) to have, a lien on any LNG or fuel carried on the FSRU except to the extent that such lien arises by operation of Law. 
  

	24.2	Company Liens 

 Company shall not have, or allow others (in their dealings with Company) to
have, a lien against the FSRU, except to the extent such lien arises by operation of Law. 

  
 60 

	24.3	FSRU&M Mortgage 

  

	 	(a)	Owner undertakes that except as permitted under Clause 24.3(b) or pursuant to Clause 36: 

  

	 	(i)	it will not, following execution of this agreement and during the Lease Period, place, suffer to exist or permit any mortgage, maritime claim, lien or Encumbrance on the FSRU and/or (after title in the Mooring has been
transferred to Company under Clause 2.12) on the Mooring, or FSRU’s earnings or insurance or any change in the terms of any previously permitted mortgage, maritime claim, lien or Encumbrance without the prior written consent of Company which
consent shall not be unreasonably withheld or delayed, other than liens, maritime claims and Encumbrances arising by operation of Law (including those arising in favour of the crew or of routine suppliers to FSRU) or under Clause 24.2; and

  

	 	(ii)	if such liens, maritime claims and Encumbrances so arise by operation of Law, Owner shall take such steps as are reasonably necessary to prevent any action being taken to enforce any such liens, maritime claims and
Encumbrances which would adversely affect Company’s rights under this agreement. 

  

	 	(b)	Notwithstanding Clause 24.3(a), mortgages, maritime claims, liens and Encumbrances and changes in terms shall be permitted if for FSRU Financing, and Company shall consent to them if each of the Permitted Creditors
enters into a Quiet Enjoyment Agreement. 

  

	 	(c)	Company undertakes to comply with the Financing Requirements. 

  

	24.4	Release of Lien 

 If any lien shall attach by operation of Law or in violation of this Clause
24, Owner or Company, as the case may be, shall take such steps as reasonably necessary to ensure that the lien does not interfere with the FSRU&M’s operations or with Company’s right to the FSRU&M and its cargo and to effect
prompt release of such lien prior to the enforcement thereof. 
  

	25.	FORCE MAJEURE 

  

	25.1	Relief 

 Subject always to Clause 25.2, and unless expressly provided otherwise in this
agreement, no party shall be liable for failure to perform an obligation hereunder to the extent such failure results from Force Majeure; and: 
  

	 	(a)	“Force Majeure” means in respect of a party, any event or circumstance beyond its reasonable control and which it could not by the exercise of reasonable diligence avoid or mitigate, including
Governmental Force Majeure and Non-Governmental Force Majeure; 

  
 61 

	 	(b)	“Governmental Force Majeure” means occurrence of any of the following which, in respect of each party affected by it, is beyond the reasonable control of that party and which it could not by the
exercise of reasonable diligence avoid or mitigate: 

  

	 	(i)	acts or omissions of princes or rulers or acts or omissions of any governmental Authority, including any change in Law, requisition of the FSRU&M by a Governmental Authority and any failure by any Governmental
Authority to issue, amend, or renew, any Consent; or 

  

	 	(ii)	any of the events specified in paragraph (i) that prevent performance of: 

  

	 	(A)	the EPCIC Agreement, GSA, or any LNG SPA, Terminal Use Agreement, LNGC Charterparty, or Tug charter; or 

  

	 	(B)	the Building Contract or Mooring Contract; 

  

	 	(c)	“Non-Governmental Force Majeure” means occurrence of any of the following which, in respect of each party affected by it, is beyond the reasonable control of that party, which it could not by the
exercise of reasonable diligence avoid or mitigate: 

  

	 	(i)	war (whether declared or undeclared), hostilities, civil commotions, revolutions, act of piracy, acts of terrorists, invasion, revolution, insurrection, acts of public enemies, riots, sabotage, blockades or embargoes;
or 

  

	 	(ii)	fire, explosion, collision, shipwreck, navigational and maritime perils; or 

  

	 	(iii)	atmospheric disturbance, lightning, earthquake, tidal wave, tsunami, typhoon, tornado, hurricane or named storms, flood, landslide, soil erosion, subsidence, washout, perils of the sea or other acts of God except:

  

	 	(A)	weather conditions which are normal occurrences for the time of the year and can reasonably be expected; or 

  

	 	(B)	conditions specified in the Specifications; or 

  

	 	(C)	plague or other epidemics or quarantines; or 

  

	 	(iv)	chemical or radioactive contamination or ionising radiation, or 

  

	 	(v)	any of the events specified in the preceding paragraphs (i) to (iv) (inclusive) that prevent performance of: 

  

	 	(A)	EPCIC Agreement, GSA, or any LNG SPA, Terminal Use Agreement LNGC Charterparty, or Tug Charter; or 

  

	 	(B)	the Building Contract or Mooring Contract; 

  
 62 

	 	(d)	“Vessel FM” means occurrence of Non-Governmental Force Majeure resulting in physical damage to the FSRU or Mooring in respect of which Insurance proceeds are payable under the Loss of Hire Insurance and
Hull and Machinery Insurance obtained under Schedule 5; 

  

	 	(e)	“NVNIG FM” means occurrence of Force Majeure that is not Indonesian Governmental FM or Vessel FM; and 

  

	 	(f)	“Indonesian Governmental FM” means occurrence of Governmental Force Majeure relating to Indonesia or any Indonesian Government Authority. 

 

	25.2	Hire during Force Majeure 

  

	 	(a)	Except as provided in this Clause 25.2, Clause 25.1 shall not relieve either party of any obligation to make payment under this agreement. Without limiting the generality of the foregoing sentence, the FSRU shall be
On-Hire and no Warranty Compensation shall be payable if it would but for Force Majeure have been On-Hire while: 

  

	 	(i)	a Company Risk Event or NVNIG FM delays Acceptance; or 

  

	 	(ii)	after Acceptance, the FSRU and/or Mooring fails to meet Operational Minimum Requirements as a result of Force Majeure; or 

  

	 	(iii)	Company is unable lawfully to take delivery of Regasified LNG at a rate of at least 45 MMscf per day at the Delivery Point. 

  

	 	(b)	Company shall pay the FM Rate for any time that as a result of Force Majeure the Regasification Flow Rate is less than that required to meet the quantity Nominated. 

  
 63 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	25.3	Notice, Resumption of Normal Performance 

 As soon as reasonably practicable after the
occurrence of an event of Force Majeure that a party considers may prevent performance of an obligation, and in any event within ***** days from the date that Force Majeure results in failure to perform an obligation, the party affected shall give
notice thereof to the other party reasonably informing it of the Force Majeure including describing in reasonable detail: 
  

	 	(a)	the event of Force Majeure asserted to have occurred or that may occur, including but not limited to the place and time such event occurred or may occur; 

 

	 	(b)	to the extent known or ascertainable, the obligations which may be or have been prevented and the estimated period during which such prevention of performance might continue, including the extent of the failure in
performance; and 

  

	 	(c)	the particulars of a programme to be implemented to minimise the effects of the Force Majeure and resume full performance hereunder, 

and such notices shall thereafter be supplemented and updated at weekly intervals during the period in which it is claimed that Force Majeure
prevents performance specifying the actions being taken to remedy the circumstances causing such Force Majeure and the date on which the effects of such Force Majeure end. 
  

	25.4	Examination 

  

	 	(a)	The party affected by an event of Force Majeure shall, at the request of the other party, give or procure access if they are able so to do (at the expense and risk of the party seeking access) at all reasonable times
for a reasonable number of representatives of such other party to examine the effect of the Force Majeure, 

  

	 	(b)	The party prevented from performance by Force Majeure shall resume performance of this agreement as soon as reasonably possible, including doing what Good Industry Practice would require to expedite the delivery of
components or parts. 

  

	25.5	Termination for Force Majeure 

  

	 	(a)	If, due to Vessel FM, Owner is unable to comply with Nominations (“Vessel FM Incapacity”) for at least ***** days after it arises, then Company may terminate this agreement as follows:

  

	 	(i)	after that Vessel FM Incapacity shall have continued for at least ***** days, Company may while that Vessel FM Incapacity continues (but not after it ceases) give notice to Owner that should that Vessel FM Incapacity
continue for a further ***** days from the date of that notice, Company intends to terminate the agreement; and 

  

	 	(ii)	after that Vessel FM Incapacity shall have continued for at least a further ***** days after notice given in respect of it under Clause 25.5(a)(i), Company may while that Vessel FM Incapacity still continues (but not
after it ceases) terminate this agreement immediately by further notice to Owner. 

  
 64 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	 	(b)	If due to NVNIG FM, Owner is unable to comply with Nominations (“NVNIG FM Incapacity”) for at least ***** days, Company may terminate this agreement as follows: 

 

	 	(i)	after that NVNIG FM Incapacity shall have continued for at least ***** days, Company may while that NVNIG FM Incapacity continues (but not after it ceases) give notice to Owner that should that NVNIG FM Incapacity
continue for a further ***** days from the date of that notice, Company intends to terminate the agreement; and 

  

	 	(ii)	after that NVNIG FM Incapacity shall have continued for at least a further ***** days after notice given in respect of it under Clause 25.5(b)(i), Company may while that NVNIG FM Incapacity still continues (but not
after it ceases) terminate this agreement immediately by notice to Owner. 

  

	 	(c)	Company may terminate this agreement by giving notice to Owner if, due to NVNIG FM, there shall have been NVNIG FM Incapacity during periods equivalent to at least ***** days in aggregate in the period of ***** days
immediately preceding that notice, and this agreement shall terminate with the ***** day after that notice unless that notice is by further notice withdrawn. 

  

	25.6	Termination for prolonged Indonesian Governmental FM 

 Company may terminate this agreement by
giving notice to Owner if there shall have been Indonesian Governmental FM during periods equivalent to at least ***** days in aggregate in the period of ***** days immediately preceding that notice, and this agreement shall terminate with the *****
day after that notice unless that notice is by further notice withdrawn. 
  

	25.7	Outbreak of War 

  

	 	(a)	Subject to the other provisions of this Clause 25, in the event of an outbreak of war affecting or with a reasonable prospect of affecting Owner, FSRU or Mooring, the parties shall meet to seek to agree a means to
provide for the safe lying of the FSRU and the continued safety of the Master and crew, subject to Owner complying at all times with the terms of the War Risks Insurance placed in accordance with Clause 30. If the FSRU’s War Risks insurers
require Owner to move the FSRU to a safe place or berth in accordance with the terms of its War Risks policy, Owner shall be permitted to comply with such instructions, and to bring the FSRU back to the Mooring and resume operations under this
agreement as soon as reasonably practicable, and the FSRU shall be On-Hire and no Warranty Compensation shall be payable during such time. 

  
 65 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	 	(b)	If the Master determines that the FSRU or its crew or cargo is in such peril that the FSRU or its crew ought to be moved, Owner shall (without in any way limiting the Master’s discretion) consult with Company and
Master may so move the FSRU or its crew away from the vicinity of the Mooring, and the FSRU shall remain On-Hire with no Warranty Compensation payable, until the time that Owner reasonably requires the crew or FSRU to return to the Mooring and put
the FSRU back into service after that peril shall have passed. 

  

	26.	DEFAULT AND REMEDIES 

  

	26.1	Event of Owner’s Default 

 It shall be an “Event of Owner’s Default”
if: 
  

	 	(a)	an Insolvency Event is continuing with respect to the Owner and has continued unremedied for the ***** days following notice from the Company; or 

 

	 	(b)	after the Indonesian Owner Guarantee is delivered: 

  

	 	(i)	an Insolvency Event is continuing with respect to the Indonesian Owner Guarantor and has continued unremedied for the ***** days following notice from the Company; and 

 

	 	(ii)	Company has not by the end of that day received a replacement Indonesian Owner Guarantee given by an Acceptable Guarantor; or 

  

	 	(c)	Owner makes an assignment, novation, transfer, or declaration of trust, in breach of its obligations under Clause 15.1 or breaches Clause 24.3; or 

 

	 	(d)	Owner continues in breach of any obligation to provide any Owner LoC under Clause 27 for more than ***** Banking Days following notice from the Company; or 

 

	 	(e)	Owner continues in breach of Clause 30.1 to procure and maintain insurance and fails to remedy that breach within ***** days following notice from the Company; or 

 

	 	(f)	Owner continues in breach of Clause 31.1 and fails to remedy that breach within ***** days following notice from the Company; or 

  

	 	(g)	without Company’s prior written consent: 

  

	 	(i)	the Owner makes or consents to a material change to the Specifications of the FSRU&M after Acceptance; or 

  
 66 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	 	(ii)	the FSRU ceases to be registered under the laws of the Registry (or such other country where it had otherwise been registered by mutual agreement of the parties); or 

 

	 	(iii)	the FSRU ceases to hold a classification certificate with the Classification Society in accordance with Schedule 1, 

and in each case, Owner fails to remedy that breach within ***** days following notice from Company; or 

 

	 	(h)	Acceptance shall not have occurred by the Cancellation Date other than as a result of Company Risk Event or such later date as Company may notify Owner; or 

 

	 	(i)	on any day during the Lease Period after Acceptance, the FSRU&M continues to be Off-Hire having been Off-Hire other than as a result of any Force Majeure, Event of Company’s Default, or Company Risk Event:

  

	 	(i)	for the ***** consecutive days immediately preceding that day; or 

  

	 	(ii)	for ***** of the ***** days preceding that day; or 

  

	 	(j)	on any day during the Lease Period after Acceptance, Regasification Flow Rate Warranty Compensation continues to be payable, having been payable because the FSRU is unable to regasify at a rate of at least 120 MMscf per
day other than as a result of any Force Majeure, Event of Company’s Default or Company Risk Event: 

  

	 	(i)	for the ***** consecutive days immediately preceding that day; or 

  

	 	(ii)	for ***** days of the ***** days preceding that day; or 

  

	 	(k)	Owner fails to pay amounts it owes under Clause 23 in excess of US*****, and such failure continues for ***** days following notice from Company; or 

 

	 	(l)	after the Indonesian Owner Guarantee is delivered under the Novation Agreement, it becomes and remains unenforceable and Owner fails to remedy that breach within ***** days following notice from Company.

  

	26.2	Event of Company’s Default 

 It shall be an “Event of Company’s
Default” if: 
  

	 	(a)	on any day, an Insolvency Event is continuing with respect to the Company and has continued unremedied for the ***** days following notice from the Owner; or 

  
 67 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	 	(b)	Company continues in breach of any obligation to provide any Company LoC under Clause 27 for more than ***** Banking Days following notice from the Owner; or 

 

	 	(c)	Company continues in breach of Clause 31.1 and fails to remedy that breach within ***** days following notice from the Owner; or 

  

	 	(d)	Company makes an assignment, novation, transfer, or declaration of trust, in breach of any of its obligations under Clause 16.1 or breaches Clause 24.3(c); or 

 

	 	(e)	Company fails to pay amounts it owes under Clause 23 in excess of US$*****, and such failure continues for ***** days following notice from Owner; or 

 

	 	(f)	Company fails to pay any amount when due in accordance with Clause 13.2 and such failure continues for ***** days following notice from Owner. 

 

	26.3	Termination and Suspension Rights 

  

	 	(a)	After the occurrence of any Event of Owner’s Default, Company may while that Event of Owner’s Default continues terminate this agreement by issuing a termination notice giving reasonable particulars of that
Event of Owner’s Default (“Company’s Termination Notice”) with immediate effect and, if requested to do so by Company by notice, as soon as reasonably practicable and in compliance with safety and other applicable
regulations, Owner shall remove the FSRU from the Mooring unless the Exercise Notice or Termination Acquisition Notice shall have been issued. 

  

	 	(b)	After the occurrence of any Event of Company’s Default, Owner may while that Event of Company’s Default continues terminate this agreement by issuing a termination notice giving reasonable particulars of that
Event of Company’s Default (“Owner’s Termination Notice”) with immediate effect. 

  

	 	(c)	If an Event of Company’s Default occurs under Clause 26.2(f), Owner may by notice to Company without liability suspend its performance of this agreement and remain On-Hire with no Warranty Compensation payable
while that Event of Company’s Default continues. 

  

	 	(d)	Owner may notify Company of its intention to terminate this agreement under Clause 26.3(f) while the NoR Condition in Clause 6.1(c) remains unsatisfied at any time on or after the 26.3 Cancellation Date; and the
“26.3 Cancellation Date” means the Cancellation Date on the date of this agreement as it may be postponed under Clause 6.5(b) for Company Delays resulting from Company Delay Events under Clause 6.5(a)(i) or (ii) only,
and not as the Cancellation Date may be postponed pursuant to any Company Delay Event under Clause 6.5(a)(iii), at the Company’s discretion under the last paragraph of Clause 6.5(a), or otherwise. 

  
 68 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	 	(e)	If Owner serves a notice pursuant to Clause 26.3(d), Company may within ***** days of that notice issue a notice stating that Acceptance shall be deemed to have occurred and, with effect from receipt of Company’s
notice: 

  

	 	(i)	Acceptance shall be so deemed to have occurred and the parties shall sign a Certificate of Acceptance in accordance with Clause 6.7; and 

 

	 	(ii)	the provisions of Clauses 6.9(b) to 6.9(j) (inclusive) shall apply. 

  

	 	(f)	If Owner does not receive Company notice pursuant to Clause 26.3(e), this agreement shall terminate on the ***** day after Owner’s notice under Clause 26.3(d) and Company shall, within ***** days of that
termination, pay Owner the Owner Breach Termination Amount. 

  

	 	(g)	The provisions of Clauses 26.3(d) to 26.3(f) (inclusive) survive termination of this agreement. 

  

	 	(h)	Neither party may terminate this agreement except in accordance with Clauses 17, 25.5, 25.6, 26.3 and 36. 

  

	26.4	Termination Payments and Negotiation of 50% Acquisition Terms 

  

	 	(a)	If this agreement is terminated under Clauses 25.5 or 25.6 for Force Majeure, then Company shall pay to Owner within ***** days after the termination of this agreement: 

 

	 	(i)	if termination is for Vessel FM, the Vessel FM Termination Amount; or 

  

	 	(ii)	if termination is for Indonesian Governmental FM or NVNIG FM, the Non-Vessel FM Termination Amount. 

  

	 	(b)	If this agreement is terminated by Owner for any Event of Company’s Default, then, Company shall within ***** days of that termination pay Owner the Company Breach Termination Amount. If the Company Breach
Termination Amount is not paid as the Acquisition Price, it shall be paid as liquidated damages and as otherwise specified in Schedule 15. Subject to the next following sentence, if all or any of the obligations of Company to pay the Company
Breach Termination Amount as liquidated damages under this Clause 26.4(b) are held to be unenforceable, Company shall pay Owner damages in respect of all Losses and Consequential Loss suffered by Owner arising from that Event of Company’s
Default. The amount of damages payable under the immediately preceding sentence shall not in aggregate exceed the Company Breach Termination Amount, unless such obligation to pay liquidated damages is held to be unenforceable as a result of any
argument, claim, or proceeding raised or brought by Company that such obligation is unenforceable, in which case the amount of such damages shall be unlimited by this Clause 26.4. 

  
 69 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	 	(c)	If this agreement is terminated by Company under Clause 26.3(a) pursuant to any Event of Owner’s Default, then Company shall pay Owner the Owner Breach Termination Amount within ***** days of the date of
Company’s Termination Notice. 

  

	 	(d)	If this agreement is terminated: 

  

	 	(i)	(x) by Owner for any Event of Company’s Default, Owner may in the Owner’s Termination Notice therefor require that the parties begin negotiation of 50% Acquisition Terms; or (y) by Company for Indonesian
Governmental FM under Clause 25.6, Owner may, but is not obliged, by notice to Company require that the parties begin negotiation of 50% Acquisition Terms; or 

  

	 	(ii)	by Company for Force Majeure other than Indonesian Governmental FM, or for Event of Owner’s Default, Company may in the Company’s Termination Notice therefor require that the parties begin negotiation of 50%
Acquisition Terms, 

 and the terms of Schedule 15 shall apply. 

 

	 	(e)	This Clause 26.4 shall survive termination of this agreement however arising. 

  

	26.5	Termination for Owner Wilful Misconduct 

 If Company terminates this agreement in accordance
with Clause 26.3(a) for Event of Owner’s Default that is Wilful Misconduct, Owner shall transfer to Company its title to the FSRU in consideration only of Owner’s release from all liability under or in connection with this agreement and
“Wilful Misconduct” means the Owner intentionally or deliberately committing an Event of Owner’s Default under Clauses 26.1(c), 26.1(h), 26.1(i) or 26.1(j): 

 

	 	(a)	for the purpose of bringing about early termination of this agreement so that Owner may employ the FSRU for a third party; and 

  

	 	(b)	after a decision of the board of directors of Owner, or any other Person acting in accordance with express actual authority properly delegated to him by the board of directors of Owner, to commit that Event of
Owner’s Default for that purpose. 

  

	26.6	Hire due on Termination 

  

	 	(a)	If this agreement is terminated prior to the expiration of the Lease Period in accordance with any provision of this agreement or by reason of Law, Company shall immediately pay Owner for any Hire earned but not yet
paid. 

  

	 	(b)	This Clause 26.6 shall survive termination of this agreement however arising. 

  
 70 

	26.7	Limitation of liability 

  

	 	(a)	Except as comprised in any liquidated damages payable under Clause 6.4 or 26.4 and as provided under Clauses 6.4(c), 6.5(e), and 26.4(b), neither party shall be liable to the other, whether in contract, tort, unlawful
action (perbuatan melawan hukum) (including negligence) or restitution, or for breach of statutory duty or misrepresentation, or otherwise: 

  

	 	(i)	for any Consequential Loss suffered by the other party that arises under or in connection with this agreement; or 

  

	 	(ii)	for any Losses (except those expressly to be paid or borne by a party under this agreement) or Consequential Loss suffered by the other party under or in connection with any agreement between that other party and any
third party, including the EPCIC Agreement, GSA, each LNG SPA, Terminal Use Agreement, LNGC Charterparty, Tug Charter, Building Contract and Mooring Contract. 

  

	 	(b)	Except as provided in Clauses 23 and 26.5, Owner shall have no liability to Company in respect of any failure to comply with this agreement, whether in contract, tort, unlawful action (perbuatan melawan hukum)
(including negligence) or restitution, or for breach of statutory duty or misrepresentation, or otherwise: 

  

	 	(i)	in or in respect of the period before Acceptance, except to pay damages under Clause 6.4; or 

  

	 	(ii)	in or in respect of the period on or after Acceptance, except as provided under Clauses 18.1 and 21. 

  

	 	(c)	Except as expressly set out in this agreement, all warranties, conditions and other terms implied by statute or law are hereby to the fullest extent permitted by law excluded from the agreement. 

 

	 	(d)	Nothing in this agreement shall limit or exclude a party’s liability for fraud or fraudulent misrepresentation. 

  

	 	(e)	This Clause shall survive termination of this agreement however arising. 

  

	26.8	Effect of termination of agreement 

 Termination of this agreement shall be without prejudice to
any rights or obligations that accrued before termination. For the purpose of termination contemplated in this agreement, the parties hereby expressly waive Article 1266 of the Indonesian Civil Code to the extent that a court pronouncement is
required for the termination of this agreement. 

  
 71 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	26.9	Mitigation of Loss 

 Each of Company and Owner shall take all reasonable steps to mitigate any
Losses and Consequential Loss resulting from any breach of this agreement by the other party, and any Losses and Consequential Loss in respect of which it is indemnified hereunder. 

 

	26.10	LNG on termination 

  

	 	(a)	Except after issue of the Exercise Notice or as otherwise agreed in the 50% Acquisition Terms, on early termination of the agreement, Owner shall as soon as reasonably practicable notify Company of the amount of LNG
remaining on the FSRU and, if practicable, the time it would require to regasify and discharge it as Regasified LNG; and Company may, subject to Clause 26.10(b), by notice require Owner: 

 

	 	(i)	if it is reasonably safe and practicable, to regasify that LNG and deliver it regasified to Company at the Delivery Point; or if that is impracticable; 

 

	 	(ii)	if it is reasonably safe and practicable, deliver it to an LNG Carrier which Company shall procure, or if that is impracticable; 

  

	 	(iii)	except on termination for an Event of Owner’s Default sail the FSRU to a compatible regasification terminal nominated by the Company and at that regasification terminal regasify the LNG and deliver it regasified to
the Company, during which period the FSRU shall remain On-Hire and no Warranty Compensation shall be payable. 

  

	 	(b)	Except after issue of the Exercise Notice or as otherwise agreed in the 50% Acquisition Terms, Owner may as soon as reasonably practicable elect to purchase a quantity specified in that notice of LNG stored on the FSRU
at the date of that notice, and Company shall assign or procure assignment of all right, title and interest in that LNG, and shall redeliver the FSRU with such LNG, on termination or expiry. 

 

	 	(c)	This Clause 26.10 shall survive termination of this agreement however arising. 

  

	27.	SECURITY 

  

	27.1	Owner shall procure that within ***** Banking Days after the Contract Date, an Approved Letter of Credit issued by an Approved Bank having a branch in Jakarta is given to Company substantially in the form of Part A of
Schedule 4 in the aggregate principal amount of US$***** (and each Approved Letter of Credit given to Company under clauses 27.1 and 27.2 shall be an “Owner LoC”). 

 

	27.2	If, ***** Banking Days before expiry of any Owner LoC, the Owner LoC End Date shall not have occurred, Owner shall by the ***** Banking Day before such expiry deliver to Company another Owner LoC in substantially the
same form (save as to its expiry date) 

  
 72 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	27.3	and outstanding principal amount remaining to be drawn as that which is so expiring such that Company holds an enforceable Owner LoC at all times until the Owner LoC End Date; and the “Owner LoC End
Date” means the earlier of (1) the ***** day after Acceptance; (w) the ***** day after the Cancellation Date; and (3) the time at which US $***** shall in aggregate have been drawn by Company under Owner LoCs. If:

  

	 	(a)	Owner does not deliver any Owner LoC in accordance with the preceding sentence; or 

  

	 	(b)	A Downgrade Event occurs with respect to the Person giving an Owner LoC, 

 then Company may draw
the entire outstanding principal amount of any Owner LoC it holds, and may hold the proceeds of such drawing as cash collateral for Owner’s obligations under Clause 6.4 (the “Owner Cash Collateral”), such cash collateral (to
the extent not drawn under Clause 27.3) to be repaid to Owner on the earlier of Owner’s subsequent delivery to Company of an Owner LoC in accordance (except as to time of delivery) with the preceding provisions of this Clause 27.2 and the Owner
LoC End Date. 
  

	27.4	Except as provided under Clause 27.2, Company may, and may only, draw under the Owner LoC or Owner Cash Collateral amounts in aggregate not exceeding the aggregate of amounts due but unpaid to Company under Clause 6.4;
and shall within ***** days after the Owner LoC End Date release the Person giving the Owner LoC from all obligations under it. 

  

	27.5	Company shall procure that within ***** Banking Days after the earlier of the Arrival Time and Acceptance, Owner is given an Approved Letter of Credit substantially in the form of Part B of Schedule 4 issued to Owner by
an Approved Bank in the aggregate principal amount in US dollars equivalent to ***** (and each Approved Letter Of Credit given to Owner under Clauses 27.4 and 27.5 shall be a “Company LoC”). 

 

	27.6	If: 

  

	 	(a)	***** Banking Days before expiry of any Company LoC, the Company LoC End Date shall not have occurred, by the ***** Banking Day before such expiry; or 

 

	 	(b)	Owner makes any drawing under a Company LoC under Clause 27.6, within ***** days after that drawing, 

Company shall deliver to Owner another Company LoC given by an Approved Bank in substantially the same form (save as to its expiry date) such
that except as otherwise permitted under sub-Clause 27.5(b) Owner holds enforceable Company LoCs in an aggregate principal amount in US dollars equivalent to ***** at all times until the ***** day after expiry or termination of this agreement (such
day, the “Company LoC End Date”). If: 
  

	 	(c)	Company does not deliver any Company LoC in accordance with the preceding sentence, or 

  

	 	(d)	a Downgrade Event occurs with respect to the Person giving a Company LoC, 

  
 73 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
 then Owner may draw the entire outstanding principal amount of any
Company LoC it holds, and may hold the proceeds of such drawing as cash collateral for Company’s obligation to pay Owner amounts due under this agreement (the “Company Cash Collateral”), such cash collateral (to the extent not
drawn under Clause 27.6) to be repaid to Company on the earlier of Company’s subsequent delivery to Owner of a Company LoC in accordance (except as to time of delivery) with the preceding provisions of this Clause 27.5 and the Company LoC End
Date. 
  

	27.7	Except as provided under Clause 27.5, Owner may, and may only, draw under the Company LoC or Company Cash Collateral amounts in aggregate not exceeding the aggregate of amounts due but unpaid to Owner under this
agreement; and Owner shall within ***** days after the Company LoC End Date release the Person giving the Company LoC from all obligations under it. 

  

	28.	LAYING-UP AND RELOCATION 

  

	28.1	Company’s Option to Lay-Up 

  

	 	(a)	Subject to Clause 28.3, Company may: 

  

	 	(i)	from time to time (including before the Delivery Date) by notice to Owner require Owner to lay-up the FSRU at a safe place reasonably nominated by Owner, taking into account questions of maintenance, access and
security; and 

  

	 	(ii)	during any period of lay-up, require Owner to put the FSRU back into service and, after receipt of any notice from Company to that effect, Owner is required to restore the FSRU to service as promptly as reasonably
practicable in accordance with Clause 28.1(b), 

 (and each period between Owner notifying Company that the FSRU is ceasing
service after each notice under Clause 28.1(a)(i) and the first time Owner notifies Company that the FSRU is resuming service at the Mooring thereafter under Clause 28.1(a)(ii) shall be a “Lay-Up Period”). 

 

	 	(b)	 During any Lay-Up Period under this Clause 28, Owner’s obligations under Clause 20 shall be equivalent to the standard ordinarily applied by
prudent owners of vessels of the same Class in lay-up, the FSRU shall be On-Hire, no Warranty Compensation shall be payable, and the provisions of Clauses 18.1, 21 and 22 shall not apply. Until such time as it is practicable for Owner to complete
all work that is required with respect to fouling (as determined during any survey conducted pursuant to Clause 28.2) and the Regasification Equipment and in all 

  
 74 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
other respects to restore the FSRU to a condition it would have been in if it had not been laid-up (including any inspection and maintenance of the Regasification Equipment), the FSRU shall
remain On-Hire and no Warranty Compensation shall be payable. 

  

	28.2	Surveys on Lay-Up 

 Owner shall permit (or procure, if requested by Company, at Company’s
cost) that an in-water survey of the hull is performed: 
  

	 	(a)	each time the FSRU enters into lay-up; and 

  

	 	(b)	prior to the end of any Lay-Up Period, 

 and the FSRU&M shall remain On-Hire during such
survey. 
  

	28.3	Hire Adjustment for Lay-Up 

  

	 	(a)	Before being required to lay-up the FSRU under this Clause 28, Owner shall as soon as reasonably practicable provide to Company: 

  

	 	(i)	an estimate (“Lay-Up Entry Estimate”) of the costs to be incurred from beginning preparation for lay-up until the FSRU berths at the lay-up location (including in respect of the voyage to the lay-up
location and any survey to be performed under Clause 28.2); and only after Company’s acceptance of such Lay-up Entry Estimate shall Owner be obliged to lay-up the FSRU; and Company shall, in accordance with Clause 13 after receiving an invoice
therefor, pay Owner the aggregate of: 

  

	 	(A)	the Lay-Up Entry Estimate; and 

  

	 	(B)	the amount (if any) required such that, after Company shall have paid any Indonesian Taxes payable in respect of all payments under this Clause 28.3(a), Owner would retain an amount equal to the Lay-Up Entry Estimate.

  

	 	(ii)	an estimate of the net increase or decrease in costs to be incurred by Owner for that lay-up (“Lay-Up Estimate”) during the Year in which the Lay-Up Period starts and continues, excluding those amounts
included in the Lay-Up Entry Estimate; and only after Company’s acceptance of the Lay-Up Estimate shall Owner be obliged to lay-up the FSRU; and the Hire Rate payable while the Lay-Up Period continues during the Year in which the Lay-Up Period
starts shall be adjusted accordingly. No later than ***** days before the start of each Year while that Lay-Up Period continues, Owner shall provide to Company a revised Lay-Up Estimate for the Year and the Hire Rate payable during that Year while
the Lay-Up Period continues shall be adjusted accordingly. 

  
 75 

	 	(b)	When assessing such net increase or decrease in costs when calculating the Lay-Up Estimate, the items to be taken into account shall include changes in amounts spent on administration, manning, stores, spare parts,
lubricating oils, P&I Club and hull and machinery insurance (including the effect of any damage franchise), repairs and maintenance, surveys and drydocking (including hull cleaning or painting). 

 

	 	(c)	Before being required to put the FSRU back into service at the Mooring, Owner shall as soon as reasonably practicable provide to Company an estimate of the costs arising from doing so, including the cost of any survey
under Clause 28.2 and the costs of completing any work that is required to restore the FSRU to a condition it would have been in if it had not been laid-up (“Lay-Up Exit Estimate”); and only after Company’s acceptance of such
Lay-Up Exit Estimate shall Owner be obliged to put the FSRU back into service at the Mooring; and Company shall, in accordance with Clause 13 after receiving an invoice therefor, pay Owner the aggregate of: 

 

	 	(i)	the Lay-Up Exit Estimate; and 

  

	 	(ii)	the amount (if any) required such that, after company shall have paid any Indonesian Taxes payable in respect of all payments under this Clause 28.3(c), Owner would retain an amount equal to the Lay-Up Exit Estimate.

  

	28.4	Right to Relocate the FSRU 

  

	 	(a)	Subject to Clause 28.4(c), Company may require that the FSRU be relocated after satisfaction of Acceptance Conditions to a safe place, taking into account questions of maintenance, access and security, in Indonesia with
the consent of the Owner provided that the Owner may only withhold its consent: 

  

	 	(i)	on reasonable operational or technical grounds; or 

  

	 	(ii)	because the Owner or any of its Affiliates intends to bid in good faith for the opportunity to deploy an alternative vessel at the proposed new location. 

 

	 	(b)	Company may request that the FSRU be relocated to a safe place, taking into account questions of maintenance, access and security, outside Indonesia with the consent of the Owner (which Owner may withhold in its
absolute discretion). 

  

	 	(c)	If Company wishes to use the FSRU as a trading LNG vessel, it shall obtain the Owner’s prior consent (which Owner may withhold in its absolute discretion). 

 

	 	(d)	If the FSRU is relocated under this Clause 28.4, Owner’s obligations under this agreement with respect to the Mooring cease with effect from the FSRU’s departure from the Mooring. 

 

	 	(e)	The parties shall, at Company’s request, meet to discuss in good faith appropriate amendments to this agreement if Company wishes to relocate the FSRU, deploy any alternative vessel, barge, platform, or anything
else with the capacity to store or regasify LNG at the Site or use the FSRU as a trading LNG vessel, including any adjustment to the Hire Rate. 

  
 76 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	29.	CONDITIONS OF USE 

 Company shall procure that the master of each LNG Carrier executes
the Conditions of Use on behalf of the LNG Carrier’s disponent owner, and Owner may decline to load any cargo of LNG from any LNG Carrier: 
  

	 	(a)	until the master of the LNG Carrier has so executed the Conditions of Use; and 

  

	 	(b)	unless that LNG Carrier is in compliance with LNGC Compatibility Requirements. 

 and
(i) the FSRU shall be On-Hire during any period of delay resulting from Owner so declining to load if it would but for this provision have been On-Hire during that period; and (ii) Owner shall have no liability to pay Warranty Compensation
in respect of any period of such delay. 
  

	30.	INSURANCE 

  

	30.1	Coverage, Costs and Liability Levels 

 Subject to Clause 30.3, Owner shall procure and maintain
insurance in accordance with the terms of Schedule 5 throughout the Lease Period. On or before the Delivery Date, and thereafter on each renewal of the Compulsory Insurances, Owner shall provide Company with a true copy of the Insurance policy, the
amount of premium for each insurance required to be procured and maintained in accordance with Schedule 5, insurance certificates, cover notes or certificates of entry, together with confirmation from the insurers that such insurance cover will be
effective on and from the Delivery Date. 
  

	30.2	Lapse of Coverage(s) 

 Without prejudice to the rights of Company under Clause 26, if there is a
failure or lapse of the insurance(s) required by Clause 30.1 for any reason (other than Company’s breach of Clause 30.3) at any time during the Lease Period and if such failure or lapse remains unremedied, Company shall have the option after
***** days’ notice to Owner while such failure or lapse continues, to procure replacement insurances with the same or different first class international insurers, with all documented costs thereof (save for any amount payable by Company under
Clause 30.3) to be borne by Owner, which may, at Company’s option, be invoiced to Owner for payment or be deducted from Hire or other sums due to Owner under this agreement. 

  
 77 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	30.3	Loss of Hire Insurance 

  

	 	(a)	Company shall pay Owner each LoH Amount and War Risks Amount within ***** Banking Days after being invoiced therefor. 

  

	 	(b)	The “LoH Amount” is each amount equal to half of the premium payable by Owner for obtaining or renewing Loss of Hire Insurance in respect of Vessel FM. 

 

	 	(c)	The “War Risks Amount” is each amount equal to the premium payable by Owner for obtaining or renewing War Risks Insurance. 

 

	30.4	Additional Coverage 

 Company may request Owner, at Company’s cost to procure and maintain
additional insurance relating to the FSRU, the Mooring and/or the LNG stored in the FSRU. 
  

	31.	BUSINESS PRINCIPLES 

  

	31.1	No Violation of Applicable Laws 

 Each party agrees that in connection with this agreement and
the activities contemplated herein, neither it nor any of its Affiliates shall: 
  

	 	(a)	make, promise to make, or authorise the making of any payment, gift or transfer of anything of value, directly or indirectly, to any official or employee of any government or instrumentality of any government or to any
political party or official thereof or any candidate of any political party for the purpose of influencing the action or inaction of such official, employee, political party or candidate, or 

 

	 	(b)	otherwise take any action, or omit to take any action that would cause the other party to be in violation of any Laws prohibiting corrupt business practices in Indonesia, including Indonesian anti-bribery Laws, or of
the principles described in the Organisation for Economic Co-operation and Development (OECD) Convention on Combating Bribery of Foreign Public Officials in International Business Transactions signed on 17 December 1997 (such Laws,
collectively, “Anti-Bribery Laws”). 

  

	32.	DRUGS AND ALCOHOL 

 Owner warrants that it has in force an active policy covering the
FSRU&M which meets or exceeds the standards set out in the “Guidelines for the Control of Drugs and Alcohol On Board Ship” as published by OCIMF dated June 1995 (or any subsequent modification, version, or variation of these
guidelines) and that this policy will remain in force throughout the Lease Period, and Owner will exercise due diligence to ensure the policy is complied with. 

  
 78 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	33.	POLLUTION AND EMERGENCY RESPONSE 

 Subject to Clauses 23.3 and 26.7: 

 

	 	(a)	Owner shall exercise all due diligence to ensure that no oil or harmful or hazardous substances of any description shall be discharged or escape accidentally or otherwise from the FSRU&M; and that Owner, FSRU&M,
its officers and crew shall comply with all international, national and state oil and air pollution and environmental laws, conventions or regulations (“Pollution Regulations”) applying in the territorial waters of Indonesia;

  

	 	(b)	if available and requested by Company, Owner shall become a member of the International Tanker Owner’s Pollution Federation, or any successor body of the same, and Owner will retain such membership during the Lease
Period; 

  

	 	(c)	the parties shall advise each other of their organisational details and names of personnel together with their relevant telephone/facsimile/telex numbers, who may be contacted on a 24 hour basis in the event of oil
spills or emergencies. the parties shall update such information and provide each other with such revised details on a regular basis so as to ensure that each party has up to date and correct information; 

 

	 	(d)	in the event of any spillage, discharge or release of LNG or other substance from the FSRU&M, Owner shall procure that, immediately and at its cost and expense (subject to Clause 23.3), all necessary measures are
taken to minimise such spillage, discharge or release. Notwithstanding the foregoing, Company may, at its option, and upon notice to Owner and the Master undertake measures to prevent or minimise damage in case of an accidental escape of LNG or
other substance from the FSRU&M; and 

  

	 	(e)	Owner shall procure that Company is promptly notified, and in any event not later than ***** hours after such occurrence, in the event whether occurring at Mooring, at sea or in port, of any fire, explosion, accident,
collision, grounding, cargo release or spill or any other reason that could result in a significant delay or serious damage to the FSRU, the FSRU’s crew or cargo. 

 

	34.	CONFIDENTIALITY 

  

	34.1	Confidentiality 

 The parties agree to keep Confidential Information strictly confidential and
not to disclose any Confidential Information, except in the following cases when the party receiving Confidential Information shall be permitted to disclose such information: 
  

	 	(a)	if it was already controlled/possessed by the party before execution of this agreement; or 

  
 79 

	 	(b)	it is already known to the public at the time it is disclosed under this agreement or becomes available to the public other than through the breach of an undertaking of confidentiality or an act or omission of the
receiving party; or 

  

	 	(c)	it is required to be disclosed under Law, the rules and regulations of any recognized stock exchange on which its shares or the shares of any of its Affiliates are listed, or any Governmental Authority (provided that
the receiving party shall give notice of such required disclosure to the disclosing party prior to the disclosure); or 

  

	 	(d)	in filings with a court or arbitral body in proceedings in which the Confidential Information is relevant and in discovery arising out of such proceedings (provided that the receiving party shall give notice of such
required disclosure to the disclosing party prior to the disclosure); or 

  

	 	(e)	to any of the following Persons to the extent necessary for the proper performance of their duties or functions in connection with the subject matter of this agreement: 

 

	 	(i)	an actual or potential seller of LNG to be delivered to or of gas discharged by the FSRU only to the extent that such information disclosed is necessary for the operational purposes of the FSRU under this agreement and
does not contain any information relating to pricing or other similarly commercially sensitive information; 

  

	 	(ii)	an Affiliate of the receiving party; 

  

	 	(iii)	employees, officers, directors and agents of the receiving party; 

  

	 	(iv)	professional consultants retained by the receiving party; and 

  

	 	(v)	financial institutions advising on or providing, or bona fide potential financial institutions considering the provision of financing to the receiving party or any Affiliate thereof, 

provided that the receiving party shall exercise due diligence to ensure that no such Person shall disclose Confidential Information to any
unauthorized party or Persons. 
  

	34.2	Compliance with Indonesian Law 

 While performing its obligations under the agreement and/or
carrying out any activity connected thereto, Owner shall fully comply with Indonesian Law and regulations currently in force regulating the protection of people and other entities in respect of treatment of personal data to the extent that they, as
then interpreted and construed by Indonesian courts and competent authorities, are applicable to it. 

  
 80 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	34.3	Survival 

 The provisions of this Clause 34 shall survive for a period of ***** years after the
termination or expiry of this agreement. 
  

	34.4	Intellectual Property 

 It is expressly agreed that, except as provided under the Purchase
Terms, no Intellectual Property Rights relating to the FSRU or the Regasification Equipment shall be or become the property of or shall be or become licensed to Company by operation of this agreement. 

 

	35.	NOTICES 

 Any notice or other communication given, or required to be given under this
agreement, by either party to the other party shall be in writing in the English language and except as otherwise permitted under the Nomination Procedure or LNG Transfer Procedure shall be sent by facsimile, registered mail, registered airmail, or
courier to the following: 
 Owner 

Attention: Hans Kristiansen, Project Manager 

Address: Höegh LNG Ltd, 72 Anson Road, #07-03 Anson House, Singapore 079911 

Fax: +65 6438 6493 

Company 

47 Attention: Vice President, Project 1 

Copy to: Project Coordinator 

Address: PT Perusahaan Gas Negara (Persero) Tbk, Jl. K.H. Zainul Arifin No. 20, Jakarta 1140, Indonesia 

Fax: +6221 63 85 46 01 

or to such other addressees, facsimile numbers and addresses as the parties may respectively from time to time designate by notice in writing.
Any failure to transmit a copy of the notice to a party listed as entitled to receive a copy shall not in any way affect the validity of any notice otherwise properly given as provided in this Clause 35. 

  
 81 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	35.1	Any such notice or other communication shall be deemed to have been duly given or made as follows: 

  

	 	(a)	in the case of a letter, whether delivered in course of the post or by hand or by courier, at the date and time of its actual delivery if within normal business hours on a working day at the place of receipt, otherwise
at the start of normal business on the next such working day; and 

  

	 	(b)	if sent by facsimile, when received or confirmed by sender confirmation if received in a legible form during the recipient’s normal business hours on a working day at the place of receipt, otherwise at the start of
normal business on the next such working day. 

  

	36.	PURCHASE OPTION 

  

	36.1	Company has the right (the “Purchase Option”) by notice given to Owner on an Exercise Date (such notice a “Exercise Notice”) to require that Owner transfer the FSRU Assets to Company at
a price and otherwise on the terms set out in the Purchase Terms; and if an Exercise Notice is given, this agreement shall terminate at the end of the day on which Completion occurs under and in accordance with the Purchase Terms, but without
prejudice to rights and obligations before such termination. 

  

	36.2	Company may not give the Exercise Notice during the period after Company’s right to serve notice pursuant to Clause 3.2 or 3.3 has expired unless Company has exercised such right. 

 

	36.3	This Clause 36 shall survive termination of this agreement however arising. 

  

	37.	EXPERT DETERMINATION 

  

	37.1	If a matter is expressly to be referred to an Expert under this agreement, or the parties otherwise agree that a point of difference between them shall be resolved by an Expert, then the matter in issue shall be
referred to an expert appointed in accordance with this Clause 37 (the “Expert”) and this Clause 37 shall apply. 

  

	37.2	The procedure for the appointment of an Expert shall be as follows: 

  

	 	(a)	the party wishing the appointment to be made shall give notice in writing to that effect, together with reasonable details of the dispute or difference to be resolved by the Expert, and the parties shall meet in an
endeavour to agree upon a single Expert; 

  

	 	(b)	if the parties do not agree upon the appointment of an Expert within ***** days after the notice under Clause 37.2(a), either party may apply to the President of the London Maritime Arbitrators Association (providing a
copy of this agreement and any other information concerning the Expert’s functions) for it to appoint an Expert as soon as reasonably practicable and the Expert will be the Person selected by the President of the London Maritime Arbitrators
Association. 

  
 82 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	 	(c)	if the Expert dies or becomes unwilling or incapable of acting, or does not deliver the decision within the time required by this Clause then: 

 

	 	(i)	either party may apply to the President of the London Maritime Arbitrators Association to discharge the Expert and to appoint a replacement Expert with the required expertise; and 

 

	 	(ii)	this Clause 37 applies in relation to the new Expert as if he were the first Expert appointed. 

  

	37.3	A Person shall not be appointed as an Expert: 

  

	 	(a)	unless he is qualified by education, experience and training to determine the matter in dispute; or 

  

	 	(b)	if he has an interest or duty that would materially conflict with his role (including being a present or former director, officer, employee, agent or consultant to a party). 

 

	37.4	The following procedures shall apply when a matter is submitted to an Expert for determination: 

  

	 	(a)	Within ***** days of the Expert’s appointment, the party that submitted the matter to Expert determination shall submit to both the Expert and the other party: 

 

	 	(i)	a written description of such matter and a statement of that party’s position; and 

  

	 	(ii)	any relevant evidence supporting its position. 

  

	 	(b)	Within ***** days after a party has submitted the materials described in Clause 37.4(a), the other party shall submit to both the Expert and the first party: 

 

	 	(i)	written materials setting forth its response to the first party’s submissions, as well as a statement of its own position as appropriate; and 

 

	 	(ii)	any relevant evidence supporting its position. 

  

	 	(c)	The Expert shall consider the materials submitted by the parties in accordance with Clauses 37.4(a) and 37.4(b) and, in the Expert’s discretion, may consider any additional information submitted by either party at
a later date. 

  

	 	(d)	The Expert shall deliver his decision, with full written reasons, as soon as practicable after receiving the data and submissions supplied and made to him by the parties but in any event not later than ***** days after
the date of the expert’s appointment. 

  
 83 

	 	(e)	The parties shall not be entitled to apply for discovery of documents. 

  

	 	(f)	The parties will provide (or procure that others provide) the Expert with such assistance and documents as the Expert reasonably requires for the purpose of reaching a decision. 

 

	37.5	The terms of appointment of the Expert shall: 

  

	 	(a)	entitle the Expert to obtain such independent professional and/or technical advice as he may reasonably require; 

  

	 	(b)	provide that the Expert shall have the power to award interest and that interest on late payments shall run for the entire period of any late payment of any amount determined to be due and owing; and 

 

	 	(c)	permit the Expert, to the extent not provided for by this Clause, to determine in his reasonable discretion such other procedures to assist with the conduct of the determination as he considers just or appropriate.

  

	37.6	If the parties fail to cause an Expert to be appointed or the Expert fails to render a decision in accordance with this Clause, then either party may refer the matter to arbitration in accordance with this agreement.

  

	37.7	The Expert shall act as an expert and not an arbitrator, the process shall not be regarded as an arbitration and the Laws relating to commercial arbitration shall not apply. An Expert’s decision rendered in
accordance with this Clause shall be final and binding on the parties except in the case of manifest error or fraud. 

  

	37.8	The reasonable costs of the Expert (including the costs of assistance under Clause 37.5(a)) shall be borne equally by the parties and each party shall bear its own costs in preparing materials for, and making
presentations to, the Expert. 

  

	37.9	All matters under this Clause shall be conducted, and the Expert’s decision shall be written, in the English language. English language translations of documents shall be provided by the party seeking to rely on
that document, at that party’s cost. 

  

	38.	LAW AND ARBITRATION 

  

	38.1	Governing law 

 This agreement is governed by and is to be construed in accordance with the laws
and regulations of Indonesia. 
  

	38.2	Arbitration 

  

	 	(a)	 Any dispute arising out of or in connection with this agreement, including any question regarding its existence, validity or termination, shall be
referred to and finally resolved by arbitration in Singapore in accordance with the Arbitration 

  
 84 

	 	
Rules of the Singapore International Arbitration Centre (“SIAC Rules”) for the time being in force, which rules are deemed to be incorporated by reference in this Clause.

  

	 	(b)	The tribunal shall consist of 3 arbitrators. 

  

	 	(c)	The language of the arbitration shall be English. 

  

	 	(d)	An arbitral tribunal constituted under this Clause 38.2 may, unless consolidation would prejudice the rights of any party, consolidate arbitration hereunder with arbitration under the Indonesian Owner Guarantee and/or
Umbrella Agreement, if the arbitration proceedings raise common questions of Law or fact. If two or more arbitral tribunals under those instruments issues consolidation orders, the order issued first shall prevail. 

 

	 	(e)	Each party agrees that it will not institute any court proceedings arising out of or in connection with this agreement (and, in the event of consolidation, the Indonesian Owner Guarantee, or Umbrella Agreement) except
only to enforce in any court having jurisdiction any award rendered by the arbitral tribunal. 

  

	 	(f)	Decisions of the arbitral tribunal shall be binding in final instance upon the parties hereto. The parties hereto expressly agree in accordance with Law No. 30 of 1999 on Arbitration and Alternative Dispute
Resolution (the “Arbitration Law”) that in deciding the disagreement or dispute, the arbitrators shall be bound by strict rules of law, and may not purport to decide the same ex aequo et bono. The parties further agree to
waive any Indonesian laws and regulations, decrees or policies having the force of law that would otherwise give a right to appeal any arbitration decision or award, and to the extent applicable, as such that in conformity with Article 60 or
Arbitration Law, there shall be no appeal and/or cessation to any court of law from the decision of the arbitrators and the parties shall not challenge or resist the enforcement action taken by the party in whose favour the decision of the
arbitrators was given. 

  

	 	(g)	The parties hereto expressly agree to waive the applicability of Article 48.1 of the Arbitration Law as such that the mandate of the arbitrators duly constituted in accordance with the terms of this Lease shall remain
in effect until a final arbitral award has been issued by the arbitrators. 

  

	39.	GOVERNING LANGUAGE 

  

	39.1	This agreement is executed in the English language. In compliance with Law No. 24 of 2009 regarding National Flag, Language, Emblem and Song (“Law 24/2009”), the parties agree to translate this
agreement into the Indonesian language within 90 days as of the date of this agreement or any other date as agreed between the parties. The Indonesian language agreement shall have the date of this agreement as its effective date. Such Indonesian
language version shall form an integral and inseparable part of the English version. In the event of inconsistencies or differences in interpretation between the English and Indonesian texts, the English version shall prevail and the relevant
Indonesian version shall be deemed to be automatically amended to conform with and to make the relevant Indonesian text consistent with the relevant English text. 

  
 85 

	39.2	Furthermore, each party agrees it will not cite or invoke Law 24/2009 or any regulation issued thereunder, or claim that the fact this agreement was executed in the English language only, to: 

 

	 	(a)	defend its non-performance or breach of its obligations under this agreement; or 

  

	 	(b)	allege that this agreement is against public policy or otherwise does not constitute its legal, valid and binding obligations, enforceable against it in accordance with its terms. 

 

	40.	MISCELLANEOUS 

  

	40.1	Rights of Third Parties 

 No Person not a party to this agreement shall have any right to
enforce any of its terms except as provided in Clause 23 of this agreement and In respect of the Master as provided for in this agreement. No consent of any third party is required to amend, vary, waive, or terminate all or any part of this
agreement. 
  

	40.2	Partial Invalidity 

 If, at any time, any provision of this agreement is or becomes illegal,
invalid or unenforceable in any respect under any Law of any jurisdiction, neither the legality, validity or enforceability of the remaining provisions nor the legality, validity or enforceability of such provision under the Law of any other
jurisdiction will in any way be affected or impaired. In the event of any such illegality, invalidity or unenforceability, the parties agree to revise or reform this agreement to give effect to the original intent of the parties to the extent
possible. 
  

	40.3	Remedies and Waivers 

 No failure or delay by either party in exercising any right or remedy
under this agreement shall operate as a waiver, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise or the exercise of any other right or remedy. The rights and remedies provided in this agreement
are cumulative and not exclusive of any rights or remedies provided by Law. 
  

	40.4	Amendments 

 This agreement may only be amended by written instrument signed by both parties.

  

	40.5	Counterparts 

 This agreement may be executed in counterpart, and this has the same effect as if
the signatures on each counterpart were on a single copy hereof. 

  
 86 

	40.6	Waiver of immunity 

 Each party (to the fullest extent permitted by Law) irrevocably and
unconditionally: 
  

	 	(a)	agrees not to claim any immunity from proceedings brought against it by the other party in relation to this agreement, and to ensure that no such claim is made on its behalf; 

 

	 	(b)	waives all rights of immunity in respect of it or its assets; and 

  

	 	(c)	consents generally in respect of such proceedings to the giving of relief or the issue of any process in connection with such proceedings. 

 

	40.7	No Set-off 

 Except as otherwise expressly provided under this agreement, all amounts due under
this agreement from either party to the other shall be paid in full without any deduction or withholding and neither party shall be entitled to claim set-off or to counterclaim against the other in relation to the payment of the whole or part of any
such amount. 
  

	40.8	Entire Agreement 

  

	 	(a)	This agreement and the Umbrella Agreement, constitutes the whole agreement between the parties and supersedes all previous agreements between the parties relating to its subject matter, and the HOA, and all obligations
pursuant to the ITB, are hereby terminated and cease to have effect. 

  

	 	(b)	Each party acknowledges that, in entering into this agreement, it has not relied on, and shall have no right or remedy in respect of, any statement, representation, assurance or warranty (whether made negligently or
innocently) other than as expressly set out in this agreement. 

  

	 	(c)	Nothing in this agreement shall limit or exclude any liability for fraud. 

  

	40.9	Further Acts 

 The parties shall at all times do all such further acts and execute and deliver
such further deeds and documents as shall be reasonably required in order to perform and carry out the provisions of this agreement. 
 IN WITNESS
WHEREOF, each party has executed this agreement on the date first above written. 
 EACH OF THE UNDERSIGNED HEREBY UNDERTAKES THAT IT HAS READ THIS
AGREEMENT AND UNDERSTANDS ITS ENGLISH CONTENTS, AND THAT THIS AGREEMENT HAS BEEN ENTERED INTO FREELY AND WITHOUT DURESS AND THAT INDEPENDENT LEGAL ADVICE HAS BEEN GIVEN. 

  
 87 

  
 88 

 SETIAP PENANDATANGAN DENGAN INI MENYATAKAN BAHWA IA TELAH MEMBACA PERJANJIAN INI DAN MEMAHAMI ISINYA YANG DIBUAT
DALAM BAHASA INGGRIS, DAN BAHWA PERJANJIAN INI TELAH DITANDATANGANI SECARA SUKARELA TANPA ADANYA PAKSAAN DAN BAHWA KEPADANYA TELAH DIBERIKAN NASIHAT OLEH PENASIHAT HUKUM INDEPENDEN. 

 

					
	Signed for and on behalf of Höegh LNG Ltd.	 		 	Signed for and on behalf of PT Perusahaan Gas Negara (Persero) Tbk
			
	 /s/ RAGNAR WISLØFF
	 		 	 /s/ DJOKO SAPUTRO

	Signature	 		 	Signature
			
	 Ragnar Wisløff
	 		 	 Djoko Saputro

	Name	 		 	Name
			
	  
	 		 	  

	Capacity	 		 	Capacity
			
	  
	 		 	  

	Date	 		 	Date

  
 89 

 EXECUTION VERSION 

AMENDED & RESTATED 

LEASE, OPERATION & 

MAINTENANCE AGREEMENT 

SCHEDULES 

 TABLE OF CONTENTS 

 

					
	 	  	PAGE	 
		
	 Schedule 1 Specifications of FSRU
	  	 	1	  
	 Schedule 2 FSRU&M Performance Criteria and Warranty Compensation
	  	 	15	  
	 Schedule 3 Certificate of Acceptance and Certificate of Redelivery
	  	 	24	  
	 Schedule 4 Security
	  	 	26	  
	 Schedule 5 Insurance
	  	 	32	  
	 Schedule 6 Hire Rate and Adjustments
	  	 	36	  
	 Schedule 7 Owner Planned Maintenance System
	  	 	53	  
	 Schedule 8 Information to be Provided
	  	 	55	  
	 Schedule 9 Novation Agreement
	  	 	72	  
	 Schedule 10 Financing Requirements
	  	 	83	  
	 Schedule 11 Delivery Protocol
	  	 	85	  
	 Schedule 12 Purchase Terms
	  	 	89	  
	 Schedule 13 Nomination Procedure
	  	 	94	  
	 Schedule 14 Consents
	  	 	96	  
	 Schedule 15 Termination Amount and Acquisition Amount
	  	 	98	  
	 Schedule 16 Conditions of Use
	  	 	104	  
	 Schedule 17 Company Site Data
	  	 	107	  
	 Schedule 18 O&M Terms
	  	 	108	  

  
 i 

 SCHEDULE 1 SPECIFICATIONS OF FSRU 

PART A 
 PARTICULARS OF
VESSEL 
 Owner shall verify and update the information marked “TBN” during the detailed engineering and building phase of the FSRU. 

 

	1.	General Information 

  

			
	Ship’s name	  	PGN FSRU Lampung
	Owner	  	[TBN]
	Port of Registry and Flag	  	[TBN]
	IMO Number	  	[TBN]
	Builder	  	Hyundai Heavy Industries
	Hull No.	  	2548
	Delivered	  	30 April 2014
	Classification Society	  	Det Norske Veritas (DNV)
	Class notation	  	+1A1, Tanker for Liquefied Gas, Ship type 2G (-163°C, 500 kg/m3, 70 kPa), NAUTICUS (Newbuilding), REGAS-2, E0, NAUT-OC, CLEAN, BIS, CSA-FLS2, PLUS, COAT-PSPC(B), Recyclable, GAS FUELLED, TMON
	Protection & Indemnity Club	  	[TBN]

  

	2.	Principal Particulars 

  

			
	 	  	 Metres

	LOA	  	294
	LBP	  	282
	Breadth, moulded	  	46
	Depth, moulded	  	26
	Depth to Trunk deck, moulded	  	33
	Draught (design), moulded	  	11.6
	Draught (scantling), moulded	  	12.6
	Height Overall — keel to highest fixed point	  	[TBN]
	Gross Tonnage (International)	  	[TBN]
	Net Tonnage (International)	  	[TBN]

  
 1 

			
	 Deadweight

	Deadweight in seawater (s.g. of 1.025)	  	81,900 tonnes
	Deadweight at design draught, moulded	  	81,800 tonnes
	Deadweight at scantling draught, moulded	  	93,100 tonnes

  

			
	 Communication & Navigation equipment

	International call sign [TBN]	  	[TBN]
	Radio station	  	[TBN]
	Satcom B	  	[TBN]
	Satcom C Telex	  	[TBN]
	VSAT	  	[TBN]
	Navigational Equipment	  	Two (2) Inmarsat Standard-C satellite communication system to be provided as a part of the requirement GMDSS equipment. One (1) Inmarsat Standard-Fleet Broadband satellite communication system to be provided but not to be a part of
the required GMDSS equipment.
	Internal Communications	  	Automatic telephone system, Public address system, Common battery telephone system, UHF communication system, UHF portable transceiver (Buyer’s supply),
	Optical Ship/Shore Communication System	  	Two (1 optical, 1 electrical) ship/shore telephone systems
	External Communication	  	Based on GMDSS

  

	3.	Details of Principal Certification 

  

			
	International Convention of Load Lines 1966, with amendments	 	
	International Convention of the Safety of Life at Sea, SOLAS 1974 with amendments, including the IMO Gas Code (IGC Code)	 	
	International Code for the Construction and Equipment of Ships Carrying Liquefied Gases in Bulk (IGC Code) 1993 Edition	 	
	International Convention for the Prevention of Pollution from ships 1973, MARPOL 73/78 with amendments	 	

  
 2 

 Certification will be held indicating compliance with the following 

 

			
	ISPS Code (as applicable)	 	
	ISM Document of Compliance	 	
	ISM Safety Management Certificate	 	

  

	4.	Machinery 

  

			
	 Main Engine

	Type	  	 3 x Wartsila-Hyundai 6L50DF

Dual Fuel Diesel Generator

	Max Cont.	  	5,850 kW
	Fuel	  	 Boil-off gas with pilot fuel

M.D.O with pilot fuel
 Pilot fuel:
M.G.O.

  

			
	 Other machinery

	Propeller	  	1 Fixed Pitch,
	Power generation	  	5000 kW x 75 rpm

  
 3 

					
	 Fuel consumption as FSRU during regasified LNG discharge

 
 

  

	Regas rate	 	(MMscf/day)	  	45 - 240
	Fuel consumption, NG	 	(tonnes/day)	  	Ref chart*

  

	*	Step in curve represent start of second high pressure buster pump 

  

							
	 Marine Diesel Oil/Gas Oil capacity

	Marine Diesel Oil	  	4,000 m3	  	Marine Gas Oil	  	300 m3

  

	5.	Cargo Tanks 

 The cargo tank system is Gaz Transport & Technigaz (GTT) Mark III membrane system

  

					
	 Cargo tank capacity (20°C, atm. Pressure)
	 
	 Tank
	  	 	100 	% 
	 No. 1 cargo tank
	  	 	abt. 26,510 m3	  
	 No. 2 cargo tank
	  	 	abt. 47,830 m3	  
	 No. 3 cargo tank
	  	 	abt. 47,830 m3	  
	 No. 4 cargo tank
	  	 	abt. 47,830 m3	  
		  	  
	  
	 
	 Total
	  	 	170,000 m3	  
		  	  
	  
	 

  
 4 

	
	 Design specific gravity LNG: 470 kg/m3

Maximum specific gravity LNG: 500 kg/m3

  

			
	 Guaranteed boil-off rates

	Boil Off Rate (BOR)	  	0,15% of cargo volume (100%)

  

			
	 Main Design Conditions

	Maximum allowable relief valve setting of cargo tank (MARVS)	  	70 kPa g
	Normal operating vapour pressure	  	50 kPa g
	Cargo tank design pressure	  	-1 kPa g / +70 kPa g
	Insulation space relief valve setting pressure for primary/secondary	  	+3 kPa g / + 3.5 kPa g
	Minimum temperature acceptable in tanks	  	-163°C

  

			
	 LNG filling limit

	Moored operation condition at 70 kPa g	  	98%

 No partial filling restrictions for FSRU operation 
  

			
	Loading capacity for LNG as FSRU	  	5000 m3/hr

  

	6.	Cargo Machinery 

  

			
	Cargo pumps	  	 No. of sets: 4

1 per cargo tank
 Capacity: Rated at
550 m3/hour x 160mlc

	Regas feed pump	  	 No. of sets: 4

1 per cargo tank
 Retractable

Capacity: Rated at 550 m3/hour x 160mlc

	Spray pump	  	 No. of sets: 4

1 per cargo tank
 Capacity: Rated at
50 m3/hour x 145mlc

  

			
	High duty cargo compressor	  	30,000 m3/hour x 2 units
	Low duty cargo compressor	  	2,500 m3/hour x 3 units
	Nitrogen generator	  	125 Nm3/hour x 2 units
	Inert gas generator	  	16,000 Nm3/hour x 1 unit

  
 5 

			
	Quality of gas O2 max	  	[TBN]
	Quality of gas CO2 approximate	  	[TBN]
	Quality of gas CO max	  	[TBN]
	Dew point	  	[TBN]
	GCU	  	1 x 100% of the natural boil off gas quantity

  

			
	 Heaters

	High duty heater	  	37,200 kg/hour from -55°C to +80°C
	LNG vaporizer	  	 Inert gas purge mode: 13,500 kg/h from -163 C to +20 C

Emergency Natural Gas Supply Mode:
 22,000 kg/hour from -163°C
to -130°C

	After heater / coller	  	To meet low duty compressor requirements

  

	7.	Custody Transfer System 

  

					
	 	  	 Type and location
	  	 Number

	Primary level gauge system	  	 Tank radar
 (volume, temperature,
pressure)
	  	1 per Tank
	Secondary level gauge system	  	 Float type
 (local readout of liquid level +
transmitter to CCR)
	  	1 per Tank

  

	8.	Cargo Manifolds 

  

			
	Is vessel fitted with midship manifolds	  	Yes, 1 starboard
	L.P cargo manifold on starboard side (L-V-L)	  	
	Liquid connection	  	2 x 16” ANSI 150 RF type
	Vapor connection	  	1 x 16” ANSI 150 RF type
	H.P manifold (natural gas) on port side (V)	  	
	H.P. natural gas connection	  	1 x 16” ANSI 900 RF type

  

	9.	Dimensions for incoming LNG Carrier [TBN, based on comp study] 

  

					
	(a)	  	Maximum Capacity	  	[TBN]
	(b)	  	Maximum and minimum length	  	[TBN]
	(c)	  	Minimum manifold height centreline	  	[TBN]

  
 6 

	10.	LNG Regasification System 

  

			
	 Capacity:

	LNG-flow per trains	  	120 MMscf/dny
	No. of trains	  	3
	Maximum gas send-out (open loop)	  	240 MMscf/day
	Flow variation	  	45 — 240 MMscf/day
	LNG inlet temperature	  	-160°C
	NG outlet temperature	  	18.3°C
	Min seawater temperature	  	25°C
	NG outlet pressure (design) at Delivery Point	  	78.6barg
	
	 Each regasification train contains following:

	LNG booster pump	  	1
	LNG/Propane heat exchanger	  	1 PCHE (Printed circuit Heat Exchanger)
	NG/Propane heat exchanger	  	1 PCHE
	Propane/Seawater heat exchangers	  	2 (evaporators)
	Propane/Seawater heat exchangers	  	1 (propane liquid heater)
	Propane tank	  	1
	Propane reservoir tank	  	1
	
	 Suction Drum

	Volume	  	Approx. 20m3
	Design pressure	  	10barg
	Suction drum capacities	  	100-750m3/hour
	
	 Seawater

	Seawater lift pumps	  	 3
 Centrifugal pump

3,500m3/h x 60MTH

	Seawater filters / strainers	  	[TBN]
	
	 Recondenser

	Recondenser capacity at 240 mmscfd	  	8 tonne/hr

  
 7 

  
 

 
  

	11.	Gas Metering System [TBN] 

  

			
	Ultrasonic Gas Metering System	  	[TBN - as per the Shipbuilding Spec]
	Gas Analyzer System	  	[TBN - as per the Shipbuilding Spec]
	Metering Control System	  	[TBN - as per the Shipbuilding Spec]
	Measurement Accuracy [TBN]	  	Standard references AGA9 and AGA10

  

	12.	Odorization System [TBN] 

  

	13.	Ballast System 

  

					
	 Pumps - Regasification with STS transfer
	  	 	 
	 Number
	  	 	3	  
	 Type
	  	 	Vertical, single stage, centrifugal	  
	 Prime mover
	  	 	Single speed electric motor	  
	 Capacity
	  	 	1,500 m3/hour	  
		  	  
	  
	 
	 Total head
	  	 	30 metres at S.G. 1,025	  
		  	  
	  
	 
		
	 Pumps - Regasification with STS transfer
	  	 	 
	 Number
	  	 	2	  
	 Type
	  	 	Vertical, single stage, centrifugal	  
	 Prime mover
	  	 	Single speed electric motor	  
	 Capacity
	  	 	400 m3/hour	  
		  	  
	  
	 
	 Total head
	  	 	30 metres at S.G. 1,025	  
		  	  
	  
	 

  
 8 

	14.	Lifting Devices 

  

							
	 Crane
	  	 Type/number
	  	 Capacity
	  	 Location

	Manifold/Regas Unit Service Crane	  	 1 x Electro-hydraulically operated, knuckle-boom type, offshore crane (NS-EN13852-1)

Personnel basket
	  	 10 tonnes S.W.L
 15 metres outboard
outreach
	  	Midship
	Provision Handling Crane	  	2 x Electro-hydraulically operated, lifting jib type	  	 5 tonnes S.W.L. (port)
 2 tonnes S.W.L.
(stbd)
 4 metres outboard outreach
	  	Aft
	Compressor room crane	  	1 x Electro-hydraulically operated, single, luffing jib type crane	  	 5 tonnes S.W.L.
 4 metres outboard
outreach
	  	Midship
	Emergency cargo pump handling davit	  	1 x air motor driven davit	  	3 tonnes S.W.L.	  	No. 1 cargo tank
	Bosun store davit	  	1 x air motor driven davit	  	1.5 tonnes S.W.L	  	Bosun store
	Steering thruster room davit	  	1 x air motor driven davit	  	1 tonne S.W.L	  	Steering gear room
	Remedy handling davit	  	2 x air motor driven	  	0.2 tonne S.W.L	  	

  

	15.	Fender System (for Side by Side Operations) [TBN] 

  

			
	Type	  	[TBN]
	Number of	  	[TBN]
	Location	  	[TBN]
	Capacity	  	[TBN]

  

	16.	Fresh Water System 

  

					
	 Equipment name:
	  	 Capacity / Type:
	  	 Supplier:

	Fresh water generators	  	 Plate-type Model EX30RE:
  

Capacity: 30 t/day
  

Plate-type Model EX3ORE with Steam
  

Injector:
 Capacity: 30 t/day
	  	Sasakura (Japan)
	Fresh Water tank	  	 Total capacity 445,6 m3 contained in 2 tanks:

 
 - Port side: 222, 8
m3
 - Starboard side: 222, 8
m3.
  
 Fresh water is for
Accommodation and Spare boiler
	  	NA

  
 9 

	17.	Fire Safety System 

  

					
	 Equipment name:
	  	 Capacity
	  	 Location:

	Fire water system:	  	 Pumps:
 240 m3/h MTH 30

160 m3/h MTH 115
 160 m3/h MTH115
	  	Engine room
	Emergency fire pump	  	 Pump: 72 m3/hr.
 Total head: 100m
	  	FWD pump room.
	Fire hoses	  	 Engine room: Approx 10 @ 15 m lengths.

Trunk deck: Approx 22 @ 25 m lengths. Accommodation: Approx 15 @ 20 m lengths. (Sea water)
	  	Engine room.
 Trunk deck.

Accommodation.

	Fresh water first aid hose	  	Approx 7 @ 20 m lengths.	  	Accommodation.
	 Water sprinkle.
 (From fire pipe
system)
	  		  	Paint store.
 Chemical store.

	 Water spray system:
 (Sea water)
	  	Pump: 1000 m3/hr at 90 mTH.	  	Exposed cargo tank domes.
 Cargo Manifold.

FWD area of accommodation.
 Cargo compressor house facing
cargo
areas.
 Re-gasification plant.

	Fixed fire-fighting system:	  	Dry chemical powder	  	Cargo tank deck
		  	High pressure CO2.	  	Engine room.
 Cargo compressor room.
 Cargo
motor room.

		  	Local Water Mist Fire Extinguishing System.	  	Main diesel generator engines top.
 Purifier room.

Boiler burner firing area.
 GCU burner area.

Incinerator burner area.

	Portable fire extinguishers.	  	 Engine room: About 50
 Accommodation: About
100
 Cargo compr/motor room: About 4
	  	Engine room
 Accommodation.
 Deck hoses.

Boson storage.
 Steering gear room.

Cargo compressor room.
 Cargo motor room.

  
 10 

	18.	Life Saving Appliances 

  

							
	 Equipment name:
	  	 Capacity / Number of:
	  	 Location:
	  	 Supplier:

	Life Jacket	  	 50 of Adult size.
 4 of Children size.
	  	 4 at Bridge
 4 children size, Bridge.

2 in Engine control room.
 6 FWD.

38 at Muster station on deck.
	  	
	Immersion suit	  	45 of	  	 38 in cabins.
 2 in Engine control room.

3 on Bridge.
 2 FWD.
	  	
	Life buoy	  	14 of	  	 2 on Navigation deck
 4 on Stern rail and boat
deck.
 6 at Vessel’s side. (Port & Starboard)
 2 in
Pilot boarding area.
	  	
	Liferaft	  	5 of	  	 Upper deck port & starboard.
 Upper deck
FWD.
	  	
	Lifeboat.	  	1 boat for 40 persons	  	Aft	  	
	Rescue boat.	  	1 boat	  		  	
	Hospital.	  	Fully equipped ship hospital.	  	In accommodation.	  	

  
 11 

 PART B - DESIGN BASIS 

 

	1.	LNG Composition 

 The following LNG composition is used for the design basis of the FSRU.

  

									
	 Composition
	  	Light LNG	 	  	Heavy LNG	 
	 	  	% mol	 	  	% mol	 
	 CH4
	  	 	98.10	  	  	 	84.00	  
	 C2H6
	  	 	0	  	  	 	8.395	  
	 C3H8
	  	 	0	  	  	 	4.00	  
	 i-C4H10
	  	 	0	  	  	 	1.250	  
	 n- C4H10
	  	 	0	  	  	 	1.250	  
	 i-C5H12
	  	 	0	  	  	 	0.005	  
	 n- C5H12
	  	 	0	  	  	 	0.005	  
	 CO2
	  	 	0.005	  	  	 	0.005	  
	 N2
	  	 	11.895	  	  	 	1.00	  
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	 	100	  	  	 	100	  
		  	  
	  
	 	  	  
	  
	 

  

	2.	Design basis for Mooring. 

 The Design Basis for the Mooring is described below. 

The Mooring will be located at the coordinates set out in Schedule 1 Part C as at the date hereof (the “Site”). It is assumed
that there are no explosives, wrecks or other elements within the area available that are preventing or delaying installation of the Mooring. 

The water depth for the Site is approximately 24m LAT (Lowest Astronomical Tide). 

The Mooring selected by Company to keep the FSRU permanently moored at the Site is of a Tower Yoke Mooring System type designed to withstand
the extreme met-ocean values as recommended by the Classification Society. 
 For the Design Basis of the Tower Yoke Mooring System reference
is made to Schedule 17. 
 The Mooring System is not designed against tsunami conditions as per the Design Basis. 

  
 12 

 PART C - MOORING SPECIFICATIONS 

Owner shall verify and update the information marked “TBN” during the detailed engineering and building phase of the Mooring System. 

 

			
	MOORING SYSTEM	  	TYMS - Tower Yoke Mooring System
	Location for Mooring FSRU	  	UTM: 604319.47 E, 9398432.90N; = LATITUDE 5 deg 26 min 30 sec S, LONGITUDE: 105 deg 56 min 30 sec E (Offshore Location @ —24m water depth)
	TYMS Load Bearing Range	  	Design Load Bearing Capacity ~ [Höegh To provide]
	Design Limitations	  	FSRU is designed to be moored to the mooring facility for a 100 year survival condition. FSRU + LNGC is designed to be moored together for Side By Side operations for metocean condition up to 10 years return period.
	Weather Monitoring and Position Indication System	  	Standard Offshore type provided, [TBN]
	Navigation Warning Lights on Mooring fixed Structures	  	Solar type provided with back up battery pack.
	Life Saving Equipment	  	Standard life buoys and Firemen’s outfit in GRP boxes.
	Access to TYMS	  	Primary access from FSRU during operations. Alternative access by boats, boat landing platforms provided.
	Navigational Exclusion Zone	  	To be established by Company
	TYMS / FSRU Battery Limits	  	Mooring Support Structure (MSS) connection points to the deck of the FSRU and the last flange of the piping of the MSS.
	Delivery Point	  	Refer Schedule 2 - FSRU&M Performance Criteria and Warranty Compensation - Item 1 (a)

 The Mooring will be capable of permitting the FSRU to be permanently moored at the Mooring during the Lease Period. 

The Mooring will have a fatigue life for operations at the Site for a minimum of 50 years for civil/structural and marine elements; and 50 years for other
mooring elements with periodic inspection and sparing. 
 The Mooring is designed to allow a LNG Carrier of at least 170,000 cubic meter storage capacity
moored in a side by side configuration with the FSRU in up to 10-year return period environmental conditions. The Company shall undertake the necessary arrangements with the relevant Indonesia Governmental Authorities for establishment, and marking
on nautical charts, of an Exclusion Zone around the FSRU. 

  
 13 

 The TYMS shall be constructed and delivered according to recognized international standards with certificate from
a Classification Society or a third party Certifying Body and the Mooring Declaration. 
 Owner shall provide, with the final Mooring Invoice, a package
including the below listed documentation: 
  

	•	 	As built drawings and documentation 

  

	•	 	Testing and Commissioning records 

  

	•	 	Operation and Maintenance manuals including operating instructions 

  

	•	 	Third Party verification and certification (in original) 

  
 14 

 SCHEDULE 2 FSRU&M PERFORMANCE CRITERIA AND WARRANTY COMPENSATION 

 

	1.	Interpretation 

  

	 	(a)	In this Schedule: 

  

					
	“100% Cargo Capacity”	 	means 170,000 cubic metres at 100% filling rate.
	“Delivery Point”	 	means the last manifold on the Gas Metering Equipment on the deck of the FSRU.
	“Cargo Capacity”	 	means 166,600 cubic metres at 98% filling rate.
	“FCL Period”	 	means, for each Performance Period, the time during that Performance Period that falls in the Warranty Liability Period when the FSRU is not in Storage Condition and in respect of which no Recondenser Capacity Warranty
Compensation is payable.
	“Guaranteed Flow Rate Modulation”	 	means variation of the Regasification Flow Rate from a minimum rate equivalent to 45 MMscf per day to a maximum rate equivalent to 240 MMscf per day (± 2%) in no more than 2 hours followed by 1 hour to stabilise
the new flow rate in each case.
	“Guaranteed Regasification Flow Rate”	 	means 240 MMscf per day (± 2%), at a minimum temperature of 65 degrees Fahrenheit and operational pressure of 1140 psi(g) measured at the Delivery Point or, in the circumstances envisaged in Clause 6.9, the
Maximum Tested Regasification Flow Rate.
	“Loading Reference Conditions”	 	means:
	 	  
 (i)
	  	  
 LNG is loaded at a pressure of not less than 4.4 bar(g) at the
FSRU’s flexible hose’s flange connection;

			
		 	(ii)	  	the LNG Carrier is discharging LNG at a homogeneous temperature corresponding to a saturation pressure of not more than 110 millibar(g);
			
		 	(iii)	  	the LNG Carrier is, in accordance with Good Industry Practice, compatible with the FSRU and capable of connecting at least six hoses (if 8 inch diameter hoses) or five hoses (if 10 inch diameter hoses); and
			
		 	(iv)	  	the cargo tanks are fully cooled down and ready to receive LNG.
		
	“Maximum Fuel Consumption Rate”	 	means the rate of fuel gas consumption for regasification of LNG derived from by the graph set out in section 4 of Part A of Schedule 1.
	“MMscf”	 	means million standard cubic feet.

  
 15 

					
	“Nomination Period”	 	means each calendar day.
	“Performance Period”	 	means each Contract Quarter.
	“Performance Period Actual Fuel Consumption”	 	means, for each Performance Period, the fuel gas consumed by the FSRU for regasification of LNG during the FCL Period falling in that Performance Period while regasification send-out is taking place.
	“Performance Period Guaranteed Fuel Consumption”	 	means, for each Performance Period, the amount of fuel gas (expressed in MMBtu), which would over the FCL Period falling in that Performance Period have been used for regasification of LNG had fuel gas consumption for
regasification of LNG been exactly at the Maximum Fuel Consumption Rate.
	“Regasification Flow Rate”	 	means the rate at which the FSRU delivers Regasified LNG into the Downstream Pipeline.
	“Storage Condition”	 	means any period during which there is no regasification send-out, no LNG transfer or cargo tank cool down ongoing, and no LNG pump running in any cargo tank.

  
 16 

 PART A 

ACCEPTANCE MINIMUM REQUIREMENTS 
  

	1.	Acceptance Minimum Requirements 

  

	 	The	“Acceptance Minimum Requirements” shall mean: 

  

	 	(a)	the FSRU and Mooring and their performance in operation at Acceptance: 

  

	 	(i)	are in accordance with the Specifications; 

  

	 	(ii)	are in accordance with Indonesian Law and (if the requirements of the Registry are different) the requirements of the Registry; and 

  

	 	(iii)	meet requirements of the Classification Society for Class, Classification Certificates and the Mooring Declaration; 

  

	 	(b)	the FSRU is capable of receiving (and shall when required in accordance with the Agreement receive) LNG at the rate of 5,000 m3 of LNG per hour at the Loading Reference Conditions (excluding ramping up periods at the
start of loading, and ramping down periods during topping up of cargo tanks); 

  

	 	(c)	the FSRU is able to regasify LNG and discharge Regasified LNG (and shall when required in accordance with the Agreement so regasify and discharge) at the Guaranteed Regasification Flow Rate if the Downstream Pipeline is
capable of receiving Regasified LNG at that rate; 

  

	 	(d)	the FSRU is capable of regasifying LNG and discharging Regasified LNG at a rate of 45 MMscfd at a minimum temperature of 65 degrees Fahrenheit and operational pressure of 1140 psi(g) at the Delivery Point if the
Downstream Pipeline is capable of receiving Regasified LNG at that rate; 

  

	 	(e)	the FSRU is able to vary (and shall when required in accordance with the Agreement to so vary) the Regasification Flow Rate in accordance with the Guaranteed Flow Rate Modulation; 

 

	 	(f)	the FSRU’s maximum fuel consumption when at the Mooring and regasifying LNG does not exceed the Maximum Fuel Consumption Rate; 

  

	 	(g)	the maximum boil-off for the FSRU in Storage Condition shall be 0.15% of the 100% Cargo Capacity per day; 

  

	 	(h)	the FSRU’s boil-off recondenser system has a capacity ranging from 0 tonnes per hour at a gas send out rate of 45 MMscfd to 8 tonnes per hour at a gas send-out rate of 240 MMscfd; 

  
 17 

	 	(i)	the FSRU’s number of tanks and cargo capacity shall be as specified in Schedule 1; and 

  

	 	(j)	the temperature difference between seawater inlet and seawater discharge points is eight degrees Celsius or less for all modes of the FSRU’s regasification plant operation in order to prevent the temperature
difference being more than five degrees Celsius at 500 meter radius from the FSRU. 

  
 18 

 PART B 

MINIMUM REQUIREMENTS 
  

	1.	Operational Minimum Requirements 

 The “Operational Minimum
Requirements” shall mean: 
  

	 	(a)	the FSRU is capable lawfully of regasifying LNG and discharging regasified LNG at a rate of at least 45 MMscf per day at a minimum temperature of 65 degrees Fahrenheit and operational pressure of 1140 psi(g) at the
Delivery Point if the Downstream Pipeline is capable of receiving Regasified LNG at that rate; 

  

	 	(b)	the FSRU is capable lawfully of loading LNG sufficient to satisfy the requirement set out in section 1(a) above; and 

  

	 	(c)	the FSRU is capable lawfully of storing LNG sufficient to satisfy the requirements set out in section 1(a) above. 

  

	2.	Partial FM Minimum Requirements 

 The “Partial FM Minimum Requirements”
shall mean: 
  

	 	(a)	the FSRU is capable lawfully of regasifying LNG and discharging Regasified LNG at a rate of at least 120 MMscf per day at a minimum temperature of 65 degrees Fahrenheit and operational pressure of 1140 psi(g) at the
Delivery Point if the Downstream Pipeline is capable of receiving per day Regasified LNG at that rate; 

  

	 	(b)	the FSRU is capable lawfully of loading LNG sufficient to satisfy the requirement set out in section 2(a) above; and 

  

	 	(c)	the FSRU is capable lawfully of storing LNG sufficient to satisfy the requirements set out in section 2(a) above. 

  
 19 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

PART C 
 WARRANTY
COMPENSATION 
  

	1.	Warranty Compensation 

 Subject to section 2 of this Part C and as otherwise provided in
the agreement to which this Schedule is appended: 
  

	 	(a)	Loading Rate Warranty Compensation: If during the Warranty Liability Period while the Loading Reference Conditions are satisfied, the FSRU fails for reasons other than a Company Risk Event or Force Majeure, when
required by the Company in accordance with the LNG Transfer Procedure, to receive LNG in accordance with a nominated loading rate not exceeding 5000 m3/hour, Owner shall pay to Company US$***** per hour (prorated for periods other than an hour) for
each period of time that the FSRU takes to load any LNG in excess of the time that would have been taken to load that LNG had the FSRU been loaded in accordance with the nominated loading rate not exceeding 5000 m3/hour pursuant to the LNG Transfer
Procedure. 

  

	 	(b)	Regasification Flow Rate Warranty Compensation: if during any Nomination Period falling in the Warranty Liability Period (each a “FRD Nomination Period”), when required by the Company in
accordance with the Nomination Procedure to deliver Regasified LNG at a rate not exceeding the Guaranteed Regasification Flow Rate, the FSRU fails for reasons other than a Company Risk Event or Force Majeure to deliver Regasified LNG (when
discharged at a temperature of at least 65 degrees Fahrenheit at the Delivery Point) at an average rate at least equivalent to 98% of that rate over the FRD Nomination Period when the pressure at the Delivery Point is no more than 1140 psi(g) and
the Downstream Pipeline is otherwise capable of receiving that Regasified LNG, Owner shall pay to Company for that FRD Nomination Period an amount equivalent to: 

***** 
 where: 

***** is that amount payable in respect of that FRD Nomination Period; and 

***** is the aggregate of the Capital Element and Operating and Maintenance Element for that FRD Nomination Period; and 

***** is the percentage reduction in ***** calculated as follows: 

***** 

  
 20 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
 ***** is the volume (expressed In MMscf) of Regasified LNG delivered
into the Downstream Pipeline from the FSRU in that period, discharged at a temperature of at least 65 degrees Fahrenheit at the Delivery Point (or Regasified LNG discharged at such lesser temperature that the relevant downstream offtaker accepts);
and 
 ***** is the volume (expressed in MMscf) of Regasifled LNG that would have been delivered into the Downstream Pipeline in that period
had Regasified LNG been delivered at rate equivalent to 98 per cent. of the average rate required to meet the lesser of (i) Company’s Nomination in accordance with the Nomination Procedure and (ii) the quantity of LNG had
Company’s Nomination not exceeded the Maximum Tested Regasification Flow Rate, in each case when the pressure at the Delivery Point is no more than 1140 psi(g) and the Downstream Pipeline is otherwise capable of receiving that Regasified LNG.

  

	 	(c)	Fuel Consumption Warranty Compensation: If, in any Performance Period, for reasons other than a Company Risk Event or Force Majeure the Performance Period Actual Fuel Consumption exceeds the Performance Period
Guaranteed Fuel Consumption, Owner shall pay to Company the amount equal to the aggregate amount of that excess (in MMBtu) multiplied by the average LNG Price for the relevant period (and sums payable under this paragraph shall be referred to as
“Fuel Consumption Warranty Compensation”). 

  

	 	(d)	Boil-Off Warranty Compensation: Owner shall pay Company, in respect of each Performance Period when the FSRU is in Storage Condition and for reasons other than any Company Risk Event or Force Majeure the amount
of boil-off exceeds 0.15% of the 100% Cargo Capacity per day during any part of that Performance Period falling in the Warranty Liability Period, the amount equal to the amount of that excess (expressed in MMscf) multiplied by the average LNG Price
for the relevant period (and sums payable under this paragraph shall be referred to as “Boil-Off Warranty Compensation”). 

  

	 	(e)	Recondenser Capacity Warranty Compensation: Owner shall pay Company, in respect of each period during the Warranty Liability Period when the boil-off recondenser is unable to recondense boil-off gas for reasons
other than any Company Risk Event or Force Majeure for the days within that period when the FSRU is sending out Regasified LNG (the “Recondenser Outage Period”), the amount equal to the LNG Price multiplied by the aggregate volume
of boil-off gas that otherwise should have been recondensed by the recondenser (expressed in MMBtu) in the Recondenser Outage Period (the “Recondenser Volume”). The Recondenser Volume (expressed in MMscf) during the Recondenser
Outage Period is the volume equal to the greater of zero and the amount determined by the following equation: 

 ***** or 

***** 

  
 21 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
 Where: 

***** = the actual volume of boil-off (expressed in MMscf) that the recondenser was capable of recondensing during the Recondenser Outage
Period as derived from the measuring the performance of the compressors of the recondenser. 
 ***** = the volume of boil-off (expressed in
MMscf) for each relevant regasification flow rate of Regasified LNG sent-out during the Recondenser Outage Period determined applying the rate specified in section 1(h) of Part A of Schedule 2. 

***** = the required volume of boil-off (expressed in MMscf) that the recondenser has to recondense during the Recondenser Outage Period in
order to reach the condition of zero gas dumping. 
 ***** = the volume (expressed in MMscf) equal to: 

 

	 	(i)	the duration (in days, or part thereof) of the Recondenser Outage Period while ship-to-ship transfer of LNG is taking place, multiplied by 0.25% of the 100% Cargo Capacity per day; if Ship To Ship Transfer take place;
or 

  

	 	(ii)	zero; if otherwise. 

  

	 	(f)	Cargo Capacity Warranty Compensation: Owner shall pay Company, in respect of each period of time (“CCW Period”) during the Warranty Liability Period that the Adjusted Cargo Capacity for reasons
other than any Company Risk Event or Force Majeure exceeds the aggregate volume of LNG that can be stored in the cargo tanks of the FSRU, an amount equivalent to: 

***** 
 where: 

***** is that amount payable in respect of that CCW Period; 

***** is the Capital Element payable for that CCW Period; and 

***** is the percentage reduction in H calculated as follows: 

***** 
 where: 

***** is the aggregate volume (expressed in cubic metres) of LNG that can be stored in the cargo tanks of the FSRU; 

  
 22 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
 ***** is the Adjusted Cargo Capacity; and 

the “Adjusted Cargo Capacity” means at each time for which the Adjusted Cargo Capacity is calculated: (i) unless at that
time there is a Class Cargo Tank Inspection being undertaken, the Cargo Capacity, or (ii) if there is such a Class Cargo Tank Inspection being undertaken at that time, the Cargo Capacity less 98 per cent. of the values for 100% cargo tank
capacity specified in the table set out in section 5 of Schedule 1 Part A, for the tank the subject of that Class Cargo Tank Inspection. 
  

	2.	Limitation on Warranty Compensation 

 The aggregate of sums payable by Owner under
sections 1(a), (b), (e), and (f) in respect of any day shall not in aggregate exceed the Warranty Compensation Cap. 

  
 23 

 SCHEDULE 3 CERTIFICATE OF ACCEPTANCE AND CERTIFICATE OF REDELIVERY 

PART A 
 CERTIFICATE OF
ACCEPTANCE FOR 
 [insert FSRU Name] IMO number [insert IMO number] (the “FSRU”) 

The [insert FSRU Name] (IMO number [insert IMO number]) (“FSRU”) was accepted by PT Perusahaan Gas Negara (Persero) Tbk
(“PGN”) on [insert Delivery Date] in accordance with the agreement dated [insert date of Agreement] made between PGN and [insert name of Initial Owner], as novated to [insert name of Indonesian Owner] on [insert date of Novation
Agreement]. 
 Place of Acceptance: [—] 

Delivery Date: [—] 

Delivery Time: [—] (local time, Jakarta, Indonesian) 

Testing Fuel Quantity: [—] 

Quantity of marine diesel oil on board the FSRU at the Delivery Time: [—] 

Specification of marine diesel oil on board the FSRU at the Delivery Time: [—] 

The quantity and specification of marine diesel oil on board FSRU upon the Delivery Date shall be the “Delivery Bunkers”, as defined
in that agreement, 
  

									
	FOR PGN:	 	  
	 		 	FOR [insert name of Indonesian Owner]:
					
	By:	 	  
	 		 	By:	 	  

					
	Title:	 	  
	 		 	Title:	 	  

					
	Date Signed:	 	  
	 		 	Date Signed:	 	  

					
	Witnessed by:	 	  
	 		 	Witnessed by:	 	  

					
	Title:	 	  
	 		 	Title:	 	  

					
	Date Signed:	 	  
	 		 	Date Signed:	 	  

  
 24 

 PART B 

CERTIFICATE OF REDELIVERY FOR 

[insert FSRU Name] IMO number [insert IMO number] (the “FSRU”) 

The [insert FSRU Name] (IMO number [insert IMO number]) (“FSRU”) was redelivered by PT Perusahaan Gas Negara (Persero) Tbk
(“PGN”) to [insert name of Indonesian Owner] on [insert date of Redelivery] in accordance with the agreement dated [insert date of Agreement] made between PGN and [insert name of Initial Owner], as novated to [insert name of
Indonesian Owner] on [insert date of Novation Agreement]. 
 Place of redelivery: [—] 

Date of redelivery: [—] 

Time of redelivery: [—] (local time, Jakarta, Indonesian) 

Quantity of marine diesel oil on board the FSRU at the time of redelivery: [—] 

 

									
	FOR PGN:	 	  
	 		 	FOR [insert name of Indonesian Owner]:
					
	By:	 	  
	 		 	By:	 	  

					
	Title:	 	  
	 		 	Title:	 	  

					
	Date Signed:	 	  
	 		 	Date Signed:	 	  

					
	Witnessed by:	 	  
	 		 	Witnessed by:	 	  

					
	Title:	 	  
	 		 	Title:	 	  

					
	Date Signed:	 	  
	 		 	Date Signed:	 	  

  
 25 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

SCHEDULE 4 SECURITY 

PART A 
 OWNER LETTER OF
CREDIT 
 PT Perusahaan Gas Negara (Persero) Tbk, 
 Jl.
K.H. Zainul Arifin No. 20, 
 Jakarta 1140, Indonesia 

[Date] 
 REF: IRREVOCABLE STANDBY LETTER OF CREDIT NO.
(REF. NO. [Insert reference number]) 
 Dear Sirs, 
  

	1.	By order and for the account of [—] (the “Owner”), we hereby establish in your favour an irrevocable and unconditional standby letter of credit (this
“Letter of Credit”) in support of Owner’s obligations under the Amended and Restated Lease, Operation and Maintenance Agreement dated [—] and authorise you to draw on [Name
and address of bank], up to an aggregate amount of US$*****, (the “Maximum Amount”). 

  

	2.	Funds under this Letter of Credit will be paid to you in accordance with the terms of this Letter of Credit against your presentation to us at our offices located in Jakarta of a drawing certificate substantially in the
form of Annex A hereto (each a “Draft”) not later than the close of business in Jakarta on the Expiry Date. 

  

	3.	If a Draft is presented by you in accordance with the terms of this Letter of Credit, payment shall be made to you, without proof or condition, of the amount specified therein in immediately available funds without
right of set-off or counterclaim on the ***** succeeding Business Day after such presentation (where “Business Day” shall mean any day other than a Saturday or Sunday on which banks are open for business in Singapore) free and clear
of, and without deduction for or on account of, any present or future taxes, duties, charges, fees, deductions or withholdings of any nature and by whomsoever imposed. 

 

	4.	This Letter of Credit is effective from [the date hereof] and will remain valid and in full effect until the earlier of: 

  

	 	(i)	[insert longstop expiry date] 

  

	 	(ii)	the time the Letter of Credit is returned to us for cancellation; and 

  

	 	(iii)	the time that the amounts paid to you under paragraph 3 of this Letter of Credit in aggregate are equivalent to the Maximum Amount, 

  
 26 

 (the “Expiry Date”). No Draft may be presented later than the close of our
business in [Jakarta] on the Expiry Date. 
  

	5.	Except as otherwise expressly stated herein, this Letter of Credit is subject to the International Standby Practices (“ISP98”), International Chamber of Commerce Publication No. 590, and as to matters not
governed by ISP98, shall be governed by and construed in accordance with the laws of England. 

  

	6.	Any dispute arising out of or in connection with this Letter of Credit, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration under the London
Court of International Arbitration (LCIA) Rules, which Rules are deemed to be incorporated by reference into this Letter of Credit. The number of arbitrators shall be three. The seat, or legal place, of arbitration shall be Hong Kong. The language
to be used in the arbitral proceedings shall be English. 

  

	
	Yours faithfully,
	
	  

 (Name and Location of Bank & Authorised Signature(s)) 

  
 27 

 ANNEX A to IRREVOCABLE STANDBY LETTER OF CREDIT NO. [Insert reference number] 

 DRAWING CERTIFICATE 
 [Date] 

[Name of Issuing Bank]  

[Address] 
 Re: Irrevocable Standby
Letter of Credit No. [Insert reference number] (the “Letter of Credit”) 
  

	1.	We hereby certify that an event has occurred as a result of which, under the agreement pursuant to which the Letter of Credit was provided, we are entitled to make this demand, and we hereby demand payment in the amount
of [insert amount] under the Letter of Credit. 

  

	2.	Payment of the amount demanded hereby shall be made by [wire transfer to the following account:             ] [issuance of a cheque to the order of
            ]. 

  

	
	Signed by
	
	  

 on behalf of PT Perusahaan Gas Negara (Persero) Tbk] 

  
 28 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

PART B 
 COMPANY LETTER
OF CREDIT 
 [Insert name of Owner], 
 [Insert address of
Owner] 
 [Date] 
 [REF:
IRREVOCABLE STANDBY LETTER OF CREDIT NO. (REF. NO. [Insert reference number]) 
 Dear Sirs, 

 

	1.	By order and for the account of PT Perusahaan Gas Negara (Persero) Tbk (the “Company”), we hereby establish in your favour an irrevocable and unconditional standby letter of credit (this “Letter
of Credit”) in support of Company’s obligations under the Amended and Restated Lease, Operation and Maintenance Agreement dated [—] and authorise you to draw on [Name and address
of bank], up to an aggregate amount of US$[insert], (the “Maximum Amount”). 

  

	2.	Funds under this Letter of Credit will be paid to you in accordance with the terms of this Letter of Credit against your presentation to us at our offices located in [Jakarta] of a drawing certificate substantially in
the form of Annex A hereto (each a “Draft”) not later than the close of business in [Jakarta] on the Expiry Date. 

  

	3.	If a Draft is presented by you in accordance with the terms of this Letter of Credit, payment shall be made to you, without proof or condition, of the amount specified therein in immediately available funds without
right of set-off or counterclaim on the ***** succeeding Business Day after such presentation (where “Business Day” shall mean any day other than a Saturday or Sunday on which banks are open for business in [Jakarta]) free and clear
of, and without deduction for or on account of, any present or future taxes, duties, charges, fees, deductions or withholdings of any nature and by whomsoever imposed. 

 

	4.	This Letter of Credit is effective from [the date hereof] and will remain valid and in full effect until the earlier of: 

  

	 	(i)	[insert longstop expiry date] 

  

	 	(ii)	the time the Letter of Credit is returned to us for cancellation; and 

  

	 	(iii)	the time that the amounts paid to you under paragraph 3 of this Letter of Credit in aggregate are equivalent to the Maximum Amount, 

(the “Expiry Date”). No Draft may be presented later than the close of our business in [Jakarta] on the Expiry Date. 

  
 29 

	5.	Except as otherwise expressly stated herein, this Letter of Credit is subject to the International Standby Practices (“ISP98”), International Chamber of Commerce Publication No. 590, and as to matters not
governed by ISP98, shall be governed by and construed in accordance with [the laws of [[Indonesia/England]]. 

  

	6.	[FOR BANKS OUTSIDE INDONESIA][Any dispute arising out of or in connection with this Letter of Credit, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by
arbitration under the London Court of International Arbitration (LCIA) Rules, which Rules are deemed to be incorporated by reference into this Letter of Credit. The number of arbitrators shall be three. The seat, or legal place, of arbitration shall
be [Hong Kong]. The language to be used in the arbitral proceedings shall be English.] 

  

	
	Yours faithfully,
	
	  

 (Name and Location of Bank & Authorised Signature(s)) 

  
 30 

 ANNEX A to IRREVOCABLE STANDBY LETTER OF CREDIT NO. [Insert reference number]

 DRAWING CERTIFICATE 

[Date] 
 [Name of Issuing
Bank] 
 [Address] 
 Re:
Irrevocable Standby Letter of Credit No. [Insert reference number] (the “Letter of Credit”) 
  

	1.	We hereby certify that an event has occurred as a result of which, under the agreement pursuant to which the Letter of Credit was provided, we are entitled to make this demand, and we hereby demand payment In the amount
of [insert amount] under the Letter of Credit. 

  

	2.	Payment of the amount demanded hereby shall be made by [wire transfer to the following account:             ] [issuance of a cheque to the order of
            ]. 

  

	
	Signed by
	
	  

	on behalf of [insert name of Owner]

  
 31 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

SCHEDULE 5 INSURANCE 
 Owner shall,
except as otherwise provided in the other provisions of this agreement of which this schedule forms part, at all times during the Lease Period procure, maintain and pay for insurance on the FSRU in accordance with the following provisions and Good
Industry Practice; and which otherwise conforms with the terms of the Agreement, taking into due consideration any security interests of Permitted Creditors (such interests, the “Approved Security Interest”). 

For the purposes of this Schedule, Hull & Machinery Insurance as described in Part A paragraph 1(a) and Hull Interest / Freight Interest as
described in Part A paragraph 5(b) of this Schedule means an amount, notified by Owner to Company before the Delivery Time, of not less than US$***** million on the Delivery Date and shall be referred to as “Accepted Insured
Value”. 
 PART A - Types of Insurance Coverage 
  

	1.	Hull & Machinery Insurance 

  

	 	(a)	Owner shall take out and maintain Hull & Machinery Insurance with first class marine underwriters for such amount as Owner may require but not less than the market value of the FSRU or the amount required by
Owner’s financiers. Unless otherwise agreed, the minimum insured value of the FSRU shall be the Accepted Insured Value; provided that at no time during the Lease Period shall the minimum insured value be less than the amount, if any,
established under applicable limitation or liability conventions with respect to the FSRU. Coverage, if any, obtained pursuant to paragraph 5(b) hereof shall be included within insured value and shall result in a corresponding reduction in the level
of Hull & Machinery Insurance coverage. 

  

	 	(b)	The Hull & Machinery insurance shall be placed on terms equivalent to the Norwegian Marine Insurance Plan of 1996 Version 2010 or later amended versions (“NMIP”), or the standard London
Institute Hull Clauses in common usage at the date of original issue and the date of each renewal, respectively, or their European, Japanese or American equivalents. 

 

	 	(c)	Unless placed on Norwegian conditions as per NMIP, the Hull & Machinery insurance shall include specifically: Additional Perils clause (LNG vessel), or the (London) Institute Additional Perils clause Hulls
(Clause 294 if 1.10.83 clauses are used - or equivalent if subsequent clauses are used) or the American Hull Syndicate Liner Negligence clause or its equivalents. The Hull & Machinery Insurance may include four-fourths Running Down clause
(“RDC”) and liability for Fixed and Floating Objects (“FFO”) cover unless Owner at his sole discretion opts to take out RDC and FFO liability cover by means of Protection & Indemnity insurance placed with
one of the leading P&I associations which are members of the International Group of P&I Clubs (the “Approved Clubs”). 

  

	 	(d)	 Owner shall arrange for a deductible on Hull & Machinery Insurance which results in the most economical premiums recognising conditions or
restrictions within the Approved Security Interest and the standards which prudent 

  
 32 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
shipowners operating first class LNG or floating storage and regasification vessels should observe in insuring vessels of similar type, size, age and trade as the FSRU and which otherwise conform
with the terms of the Agreement and is acceptable to reasonable insurers. 

  

	2.	Loss of Hire Insurance 

  

	 	(a)	Loss of Hire Insurance shall be placed on Norwegian Conditions NMIP 1996 Version 2010 or later amended versions or at any similar terms and conditions. 

 

	 	(b)	Loss of Hire Insurance to cover loss of earnings due to vessel being put off hire resulting from recoverable damage to vessel and at an agreed daily amount. 

 

	 	(c)	Owner will arrange for commercially available terms, conditions and deductibles of ***** days consistent with Good Industry Practice, and to consider total recoverable days in the area of ***** days. 

 

	3.	Protection & Indemnity Insurance 

  

	 	(a)	Protection & Indemnity insurance (“P&I Insurance’’) shall be placed as a Mutual or Mobile Offshore Unit (“MOU”) entry at the sole discretion of the Owner, with and
subject to and on the basis of the rules of one of the Approved Clubs. 

  

	 	(b)	The terms of the P&I Insurance shall be consistent with the standard rules of one of the Approved Clubs. The deductibles for the P&I Insurance should result in the most economical premiums, recognising the
conditions or restrictions within the Approved Security Interest and standards which prudent shipowners operating first class LNG or floating storage and regasification vessels should observe in insuring LNG vessels of similar type, size, age and
trade as the FSRU and which otherwise conform with the terms of the Agreement. 

  

	 	(c)	In the event that four-fourths Running Down Clause (“RDC”) and liability for Fixed and Floating Objects (“FFO”) cover is taken out by means of Hull & Machinery Insurance,
P&I insurance coverage shall be reduced, but only to the extent of avoiding overlap. 

  

	 	(d)	P&I Insurance shall include Pollution coverage with policy limits not less than US$***** (the “Applicable Amount”) and coverage for removal of wreck at or in the vicinity of any loading terminal or
discharge terminal, including between the designated arrival point and such loading terminal or discharge terminal. Should the relevant P&I Club reduce the level of coverage with respect to liabilities for pollution or the threat of pollution to
an extent that prudent owners or operators (other than major oil companies) of similar floating, storage and regasification vessels are obtaining additional coverage for such liabilities, then the amount of pollution coverage to be obtained
hereunder shall mean the amount then being carried by prudent owners or operators (other than major oil companies) of vessel similar to the FSRU which are procuring insurance that is generally available in the commercial market. 

  
 33 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	 	(e)	If requested by Company, Owner shall cooperate in obtaining a time charterer’s entry with the Approved Clubs in the name of Company. 

 

	 	(f)	To the extent that cover is not provided by P&I entry pursuant to this paragraph 3, comprehensive general liability insurance coverage shall be placed with policy limits of at least US$***** million, providing
coverage for personal, injury, death or property damage (including damage to property under the care, custody and control of the Owner) resulting from each occurrence or related series of occurrences giving rise to such injury, death or damage.

  

	4.	War Risks Insurance 

 Owner shall have the same right and obligations in respect of
insurance of war risk as provided for all the risks referred to in paragraphs 1, 2 and 3 hereof and, where applicable, up to the same amounts of cover. 
  

	5.	Compulsory Insurances 

  

	 	(a)	The insurances required under paragraphs 1, 2, 3 and 4 above are sometimes together referred to as the “Compulsory Insurances”. 

 

	 	(b)	Owner may consider obtaining Increased Value Insurance (Hull Interest and Freight Interest Insurance (HI and FI) for an amount recommended by underwriters for a portion of the insured value on Hull & Machinery
on terms (so far as applicable) similar to those for the Hull & Machinery insurance and with same insurers or others of similar standing. The decision whether to use such insurance and the percentage of the insured value to be covered by
such insurance shall be made by Owner, taking into consideration the adequacy of the insurance coverage. 

  

	 	(c)	When the FSRU is idle or laid up, Owner may (or subject to availability, at the request of Company, Owner shall), in lieu of the insurance required hereunder, arrange port risk insurance under such forms as Company may
approve in writing, such approval not to be unreasonably withheld, insuring the FSRU against the usual risks covered by such forms and for the amounts set out in paragraph 1. Owner shall obtain Hull & Machinery Insurance underwriters’
prior consent to such port risk insurance at the time of each renewal. 

 PART B - Premium and Claims 

 

	6.	Payment of Premiums 

 Subject to Clause 30, Owner shall be responsible for the prompt
payment of any and all premiums and calls of whatsoever nature lawfully demanded by insurers for Compulsory Insurances. 

  
 34 

	7.	Reimbursement by Owner 

 If any costs incurred by Company are costs which can be
recovered under the Compulsory Insurances, Owner shall make a claim under the Compulsory Insurances on behalf of Company, and the amounts recovered shall be paid by Owner to Company immediately following such recovery (less any reasonable legal
costs incurred in making such recovery). 
  

	8.	Claims 

 Owner shall diligently pursue all claims which can be made under the Compulsory
Insurances. Owner shall notify Company of the amount and the nature of any expected or actual claims and recoveries. 
 PART C - Placing of Insurances:
Miscellaneous 
  

	9.	Waiver of Subrogation 

 Unless Company otherwise agrees, Owner undertakes that all
insurance policies, and to the extent possible within standard Protective Co-insurance provisions P&I club entries, relating to the FSRU and its operation and falling within the Compulsory Insurances shall (a) provide that Company is an
additional named assured, and (b) waive insurers’ rights of subrogation against Company, save that where the Company is an assured party in respect of any Compulsory Insurances, the Company shall consent to any assignment of such
Compulsory Insurances in favour of Permitted Creditors, and Company hereby waives any right to interfere with the Permitted Creditor’s rights under any such assignment. 
  

	10.	Other Insurances 

 Nothing herein provided shall prevent Owner from arranging, for its
sole benefit, additional insurance cover of the types included in the Compulsory Insurances and/or insurance of other types on such terms as Owner thinks fit. If any other insurance is required by Indonesian Law, Company shall pay Owner the amounts
of the costs incurred in obtaining and maintaining that insurance. 

  
 35 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

SCHEDULE 6 HIRE RATE AND ADJUSTMENTS 
  

	1.	Hire Rate 

 In this section: 
  

	1.1	“FM Rate”: 

  

	 	1.1.1	for Vessel FM, means the Vessel FM Rate; 

  

	 	1.1.2	for NVNIG FM, means the NVNIG FM Rate; and 

  

	 	1.1.3	for Indonesian Governmental FM, means the Full Hire Rate; 

  

	1.2	“Full Hire Rate” means from time to time, the aggregate of the Capital Element, Operating and Maintenance Element and the Tax Element at that time; 

 

	1.3	“Hire Rate” means: 

  

	 	1.3.1	for time when the FM Rate is payable under Clause 25.2(b) of the agreement to which this document is appended and of which it forms part, the FM Rate; and 

 

	 	1.3.2	for all other times, the Full Hire Rate; 

  

	1.4	“Pro-Rata FM Rate” in respect of Vessel FM or NVNIG FM means: 

  

	 	1.4.1	for each Nomination Period during which the Regasification Flow Rate is at least 98% of that Nominated: the Full Hire Rate; 

  

	 	1.4.2	for each Nomination Period during which as a result of that Force Majeure, the Regasification Flow Rate is greater than 90% but less than 98% of that Nominated: the product of the Nomination Fraction multiplied by the
Full Hire Rate for that time (and the “Nomination Fraction” means in respect of any period for which there is a Nomination, that Regasification Flow Rate divided by 98% of that Nominated for that time); and 

 

	 	1.4.3	for each Nomination Period during which as a result of that Force Majeure, the Regasification Flow Rate is 90% or less of that Nominated: 90% of the Full Hire Rate; 

 

	1.5	“NVNIG FM Rate” means, for each occurrence of NVNIG FM: 

  

	 	1.5.1	for each of the first ***** days that such NVNIG FM continues: the Pro-Rata FM Rate; and 

  

	 	1.5.2	for each day in excess of ***** days that such NVNIG FM continues: the Full Hire Rate, 

 (and
pro-rata in respect of periods other than a day); 

  
 36 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	1.6	Vessel FM Rate” means, for each occurrence of Vessel FM: 

  

	 	1.6.1	for each of the first ***** days that such Vessel FM continues: the Pro-Rata FM Rate; 

  

	 	1.6.2	for each of the next ***** days that such Vessel FM continues: nil if Company complies with its obligations under Clause 30.3 of this agreement or, otherwise, shall be the Full Hire Rate; and 

 

	 	1.6.3	for all time that such Vessel FM continues in excess of ***** days: the Full Hire Rate, 

 (and
pro-rata in respect of periods other than a day). 
  

	2.	Capital Element 

  

	2.1	Subject to section 2.2 and 2.3 below, the “Capital Element” shall be: US***** per day (and pro rata for time periods other than a day). 

 

	2.2	Subject to section 5, for each Company Alteration, if the Company Alteration results in an increase in Owner’s costs of performing this agreement (except Operating Cost in the Hire Contract Years), Owner may
invoice the amount of any increased cost before or after beginning that Company Alteration, the Company shall pay that amount within ***** Banking Days after being invoiced therefor, and Owner need not start such Company Alteration until such
payment is made. 

  

	2.3	Subject to section 2.2 above, after the Initial Lease Period, the Capital Element shall be an amount per day in US dollars (and pro rata for the time periods other than a day) equal to *****% of the Capital Element that
applied immediately before the Initial Lease Period ended. 

  

	3.	Operating and Maintenance Element 

  

	3.1	In this section: 

  

	 	3.1.1	“Alteration OME Adjustment” means in respect of each Company Alteration for each day: 

  

	 	(a)	until it is confirmed under section 5 or determined under section 7 of this Schedule, the Estimated O&M Element Increase therefor; and 

 

	 	(b)	thereafter, the amount (if any) by which the Average Daily Operating Cost is changed as a result of that Company Alteration for the period before the end of the Lease Period after that Company Alteration is begun.

  
 37 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	 	3.1.2	“Annual Increase” means: 

  

	 	(a)	in respect of each Hire Contract Year falling in the first Review Period: *****%; and 

  

	 	(b)	in respect of each Hire Contract Year falling after the first Review Period, the amount determined by the following equation: 

***** 
 where 

 

			
	*****	 	is the Annual Increase for any Hire Contract Year (“Year N”) falling after the first Review Period;
		
	*****	 	is the Average Daily Operating Cost for the Hire Contract Year i;
		
	*****	 	is: (a) the Average Daily Operating Cost for the Hire Contract Year immediately preceding Hire Contract Year i; or (b) if Hire Contract Year i is the first Hire Contract Year under this agreement,
US$*****;
		
	n	 	is, in respect of each Year N, the number of Hire Contract Years falling in the Review Period immediately preceding Year N;
		
	i	 	is the number in the sequence of Hire Contract Years (in ascending order in which they fell from 1 to n) falling in the Review Period immediately preceding Year N.

  

	 	3.1.3	“Average Daily Operating Cost” means in respect of any period, the aggregate of all Operating Costs incurred for that period divided by the time (expressed in days to two decimal places) in that period.

  

	 	3.1.4	“Estimated O&M Element Increase” has the meaning given thereto in section 3.7 below. 

  

	 	3.1.5	“Estimated Rebased O&M Element” means in respect of each day in each Review Year, until the final calculation of the Rebased O&M Element for that Review Year referred to in section 3.5 of this
Schedule, the estimate thereof notified under that section, and thereafter the amount determined in that final calculation. 

  

	 	3.1.6	“Extension Year” means the period starting immediately after the Initial Lease Period expires and ending with the Hire Contract Year in which it so expires, and each Hire Contract Year thereafter.

  
 38 

	 	3.1.7	“Hire Contract Year” means the period starting with the date of the earlier of Arrival Time, Acceptance, and the first day upon which the Hire Rate becomes payable under this agreement until the end of
the Year in which that date falls, each complete Year thereafter until the last Contract Year, and the last Contract Year. 

  

	 	3.1.8	“Operating and Maintenance Element” means, in respect of each day in each Hire Contract Year, the amount per day (and pro rata for fractions of a day) falling in that Hire Contract Year determined in
accordance with sections 3.2 to 3.7 (inclusive) and section 3.10 of this Schedule. 

  

	 	3.1.9	“Operating Cost” in respect of any period means the aggregate of all of the following incurred by the Owner in performing this agreement in that period: 

 

	 	(a)	“Manning Costs”, which include gross salary, overtime, consular charges on crew and cadets, currency compensation, payroll burden (including contributions required by Governmental Authorities,
syndicates or unions such as medical and welfare contributions, life insurance, accident and disability and pension funds), fringe benefits, leave pay, crew agency, joining and repatriation costs, and training; 

 

	 	(b)	“Maintenance and Repair Costs”, which include the cost of replacement parts and maintenance and repairs undertaken under this agreement by Persons not included in the FSRU’s complement of shipboard
personnel (including services and spares, where services shall cover all reasonable amounts, prudently incurred, paid for assistance to the FSRU by such Persons such as voyage repairmen and specialists), equipment rentals, service contracts, fees
paid to the classification society, regulatory authorities and consultants and other similar expenses, and spares shall cover all reasonable amounts, prudently incurred for spare parts (including transportation and insurance), normal replacement of
machinery and equipment which has become warn out, lost, damaged or obsolete, repair and reconditioning of machinery and equipment and other similar expenses, and all other costs incurred for maintaining and repairing the FSRU&M;

  

	 	(c)	“Consumables and Stores Costs”, which include the costs of food for the FSRU’s personnel, spare parts, and all consumables and expendable items such as paint, wire, rope, textiles, cleaning
material, lubricating oil, additives and electrical and workshop material reasonably required for the use of the FSRU and Mooring in accordance with the agreement, and all other consumables and stores consumed or kept in connection with the
operation and maintenance of the FSRU&M; 

  

	 	(d)	“Insurance Costs”, which include all costs of procuring and maintaining insurances required under Schedule 5; 

  
 39 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	 	(e)	“Management and Operational Costs”, which include all reasonable amounts prudently incurred in fees paid to consultants, managerial travel expenses, accounting, information technology services,
communication, administration and overhead and other miscellaneous expenditure items required to operate the FSRU and Mooring; and 

  

	 	(f)	“Miscellaneous Costs”, which include all other costs of operating and maintaining the FSRU in accordance with this agreement, including costs relating to the Classification Society, regulatory
authorities, expenses for training, flag and other costs incurred for operation of the FSRU and Mooring. 

  

	 	3.1.10	“Rebased O&M Element” for each day in each Review Year means: 

  

	 	(a)	until it is confirmed under section 5 or determined under section 7 of this Schedule, the Estimated Rebased O&M Element; 

  

	 	(b)	thereafter, the amount equal to the product of the Annual Increase for the Review Year multiplied by the Average Daily Operating Cost for its Review Period. 

 

	 	3.1.11	“Review Period” means: 

  

	 	(a)	in respect of the first Review Year, all the Hire Contract Years starting before that Review Year, and 

  

	 	(b)	in respect of each Review Year thereafter, the five Hire Contract Years immediately preceding that Review Year. 

  

	 	3.1.12	“Review Year” means the period starting with 1 June 2019 and ending with the Hire Contract Year In which it falls, and each Hire Contract Year thereafter during which the ***** anniversary of the
start of the last Review Year to have preceded it falls. 

  

	3.2	Subject to section 3.5, the Operating and Maintenance Element for each day: 

  

	 	3.2.1	before June 2015 shall be the aggregate of US$***** per day and the aggregate of Alteration OME Adjustments therefor (if any); and 

  

	 	3.2.2	after May 2015 until the agreement referred to in section 3.10 of this Schedule is effective, shall be determined in accordance with sections 3.3 and 3.4 of this Schedule; and 

 

	 	3.2.3	after the agreement referred to in section 3.10 of this Schedule is effective, shall be the amount determined by that agreement. 

  

	3.3	 Except as provided in section 3.4, the Operating and Maintenance Element for each day after May ***** falling in any Hire Contract Year (the
“relevant Hire Contract Year”) 

  
 40 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
shall be an amount equal to the product of the Annual Increase for the relevant Hire Contract Year multiplied by the Operating and Maintenance Element for the day immediately preceding the
relevant Hire Contract Year, as it may be increased or decreased under section 3.6 and/or section 8. 

  

	3.4	The Operating and Maintenance Element to be paid by Company for each day falling in a Review Year shall be the Rebased O&M Element for that day, as it may be increased or decreased under section 3.6 and/or section
8. 

  

	3.5	Owner shall notify Company: 

  

	 	3.5.1	of its reasonable estimate of the Rebased O&M Element for each Review Year by the ***** day before that Review Year; and 

  

	 	3.5.2	of its final calculation of that Rebased O&M Element by the end of the first Quarter of that Review Year, 

and if for any day in respect of which a Monthly Invoice shall have been issued there is any difference between the estimate notified under
section 3.5.1 and the Rebased O&M Element notified under section 3.5.2, an amount equivalent to that difference shall be deducted or added (as appropriate) to the amounts to be invoiced in the first Monthly Invoice to be issued after that notice
under section 3.5.2, or, if there iIs to be no such future Monthly Invoice, may be separately invoiced by the party to whom it is owed, such that after payment of that invoice Company shall be in compliance with section 3.4 of this Schedule. 

 

	3.6	The Operating and Maintenance Element: 

  

	 	3.6.1	in respect of each Company Alteration starting before the first Hire Contract Year, for each day of each Hire Contract Year; and 

  

	 	3.6.2	in respect each other Company Alteration, for each day on and after the Company Alteration is begun, 

shall be increased or decreased by the amount equal to the increase or decrease in the Average Daily Operating Costs that results from that
Company Alteration (if any). 
  

	3.7	Owner shall in respect of each Company Alteration notify Company: 

  

	 	3.7.1	of its reasonable estimate of the Alteration OME Adjustment for that Company Alteration (in respect of each such change, the “Estimated O&M Element Increase”); and 

 

	 	3.7.2	 of its final calculation of that Company Alteration OME Adjustment by the end of the first Quarter after the earlier of start of the Review Year next
following completion of that Company Alteration, expiry of the Lease Period, and earlier termination of this agreement, 

  
 41 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
and if for any day in respect of which a Monthly Invoice shall have been issued there is any difference between the amount notified under section 3.7.2 and the Estimated O&M Element Increase
notified under section 3.7.1, an amount equivalent to that difference shall be deducted or added (as appropriate) to the amounts to be invoiced in the first Monthly Invoice to be issued after that notice under section 3.7.2, or, if there is to be no
such future Monthly Invoice, may be separately invoiced by the party to whom it is owed, such that after payment of that invoice Company shall be in compliance with section 3.6 of this Schedule. 

 

	3.8	If the actual costs that Owner incurred arising from the FSRU entering into lay-up under Clause 28 (the “Lay-Up Entry Costs”) are more or less than the Lay-Up Entry Estimate, then: 

 

	 	3.8.1	if the Lay-Up Entry Estimate exceeds the Lay-Up Entry Costs, Owner shall notify Company of that excess within ***** days after all Lay-Up Entry Costs are incurred and pay Company such excess within ***** Banking Days
after receiving an invoice therefor; or 

  

	 	3.8.2	if the Lay-Up Entry Costs exceed the Lay-Up Entry Estimate, Company shall pay Owner such excess within ***** Banking Days after receiving an invoice therefor. 

 

	3.9	If the actual costs that Owner incurred arising from the FSRU returning to service after lay-up under Clause 28 (the “Lay-Up Exit Costs”) are more or less than the Lay-Up Exit Estimate, then:

  

	 	3.9.1	if the Lay-Up Exit Estimate exceeds the Lay-Up Exit Costs, Owner shall notify Company of that excess within ***** days after all Lay-Up Exit Costs are incurred and pay Company such excess within ***** Banking Days after
receiving an invoice therefor; or 

  

	 	3.9.2	if the Lay-Up Exit Costs exceed the Lay-Up Exit Estimate, Company shall pay Owner such excess within ***** Banking Days after receiving an invoice therefor. 

 

	3.10	The parties shall discuss in good faith in order to mutually agree a mechanism consistent with Good Industry Practice by which the Operating and Maintenance Element shall be paid by Company on a cost pass-through for
each day of an Extension Year. 

  

	4.	Tax Element 

 Tax Liability 
  

	 	4.1	Company shall pay to Owner in accordance with the terms of this Schedule and only arising under Indonesian tax regulations, amounts equivalent to the aggregate of 

 

	 	4.1.1	all Specific Event Taxes; 

  

	 	4.1.2	all Tax Element Tax; 

  

	 	4.1.3	such additional amounts as will result in the receipt by Owner of an amount after payment of Specific Event Taxes and Tax Element Tax equal to the full amount which would have been received by Owner hereunder had no
such Specific Event Taxes and Tax Element Tax been imposed, 

  
 42 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
 (and the aggregate of all sums payable under this section shall be the
“Tax Liability”). 
  

	4.2	The “Tax Element” shall be, in respect of 

  

	 	4.2.1	the first Hire Contract Year, Owner’s reasonable estimate and detailed calculation of the Tax Liability (excluding Specific Event Taxes) for the period starting with the Contract Date and ending at the end of the
first Hire Contract Year divided by the number of days in that period, which estimate Owner shall notify to Company by the ***** day before the Scheduled Delivery Date; and 

 

	 	4.2.2	in respect of the second and each subsequent Hire Contract Year, Owner’s reasonable estimate and detailed calculation of the Tax Liability (excluding Specific Event Taxes) for that Hire Contract Year divided by the
number of days in that Hire Contract Year, which estimate Owner shall notify to Company before the ***** day before that Hire Contract Year starts, 

and each estimate of the Tax Liability under this section 4.2 shall be the “Estimated Tax Liability”. 

 

	4.3	Owner may invoice Company, and Company shall pay Owner within ***** Banking Days after receiving an invoice therefor, the amount of any Specific Event Taxes for which Owner becomes liable to pay, and shall seek to agree
that Company pays that Specific Event Tax directly to the appropriate Indonesian Governmental Authority. 

 Refunds and Credits 

 

	4.4	If Owner recovers any Specific Event Taxes, Tax Element Tax, and Withholding Taxes (as a refund or credit) in respect of which Company has paid the Tax Liability, Owner shall promptly notify Company thereof and refund
or credit to Company the sum so recovered. 

 Tax Structuring 
  

	4.5	Owner shall, use reasonable endeavours to do what a Person in its position would reasonably be expected to do to reduce its liability to pay Indonesian Taxes to a minimum were Company not obliged to pay Owner the Tax
Liability, including using reasonable endeavours: 

  

	 	4.5.1	to collect the “Form DGT” and/or Certificate of Domicile from the recipient of any DWT or IWT, to enable the application of tax treaty tariffs on DWT and IWT (if any); 

  
 43 

	 	4.5.2	to apply for all available tax facilities to minimise Specific Event Taxes such as: 

  

	 	(i)	declaration of a free trade area for the purpose of minimising VAT on import under section 4.7.1; 

  

	 	(ii)	temporary import for the purpose of minimising PPh 22 under section 4.7.2; 

  

	 	(iii)	facilities under Regulation Minister of Finance No. 213/PMK,OII/2011 to minimise customs duties under section 4.7.3, 

provided that Company provides Owner with all assistance reasonably requested in order to reduce Owner’s liability for Indonesian Taxes.

  

	 	4.5.3	If Owner wishes to change the Person to whom it pays dividends after Acceptance, it shall seek to agree with Company if it may do so, and if no such agreement is reached, either party may refer the matter to an Expert
to determine whether doing so will increase the Tax Liability. If the parties agree or the Expert determines that doing so will not increase Tax Liability, Owner may pay dividends to a Person different from that to which it is to pay dividends on
Acceptance. 

  

	 	4.5.4	Owner will provide to an independent auditor appointed jointly by the parties at Company’s cost all information relating to corporate and tax structure reasonably required to permit verification of Company’s
compliance with section 4.5 provided that, in relation to the activities of Owner’s and its Affiliates’ activities outside Indonesia, only the independent auditor’s report shall be disclosed to Company. Owner will provide all
information relating to corporate and tax structure reasonably required to permit Company to verify that Owner and its Affiliates have done or intend to do in Indonesia what is reasonably required to comply with section 4.5, including maintaining
close consultation with Company on appropriate tax structuring in Indonesia to reduce Owner’s liability to Indonesian Tax. For the avoidance of doubt, nothing in this section 4.5.4 of Schedule 6 shall oblige Owner to disclose its accounts to
Company. 

  

	4.6	Company is permitted to comply with all Indonesian tax regulations including withholding under Article 23 of the Indonesian Tax Code from the aggregate of the Capital Element and the Operating and Maintenance Element.

 Definitions 
  

	4.7	“Specific Event Tax” comprises the Tax Stabilisation Amount and each of the following Indonesian Taxes: 

  

	 	4.7.1	Indonesian value added tax (Pajak Pertambahan Nilai) (“VAT”), currently 10% on CIF value of the import plus any import duty on the FSRU, Mooring, and Relevant Items, unless specific exemption is
obtained by the Owner; 

  
 44 

	 	4.7.2	Prepaid Income Tax (PPh 22) on the CIF value of the import plus any import duty on the FSRU, Mooring, and Relevant Items (unless exempted, currently 2.5% on the CIF plus any import duty value if the Owner has the
import licence or 7.5% on the CIF plus import duty value if the Owner does not have import licence under Indonesian Law); 

  

	 	4.7.3	Indonesian customs duties which are not recoverable by Owner under the Indonesian Tax Laws for the FSRU, Mooring, and Relevant Items; 

 

	 	4.7.4	All Indonesian Taxes payable by Owner on: 

  

	 	(i)	the Purchase Price received under the Purchase Terms, and 

  

	 	(ii)	any of the Owner Breach Termination Amount, Vessel FM Termination Amount, Company Breach Termination Amount, or Non-Vessel FM Termination Amount as the case may be (each the “Termination Amount”) that
Owner might receive under Clause 26.4 if 50% Acquisition Terms are agreed; 

  

	 	4.7.5	Half of the Corporate Tax (PPh Badan) paid by Owner on the Termination Amount if no 50% Acquisition Terms are agreed; 

  

	 	4.7.6	Withholding Taxes on Owner’s liquidation, and Tax Element Taxes incurred on Owner’s liquidation in accordance with Clause 4.8.3(a), 

except to the extent that such Indonesian Taxes are payable as a result of an Unrelated Activity. 

 

	4.8	“Tax Element Tax” means each of: 

  

	 	4.8.1	Indonesian corporate tax (PPh Badan) (“Corporate Tax”) incurred by Owner; 

  

	 	4.8.2	Indonesian withholding tax (Article 23) on the amount equal to the multiple of the Full Hire Rate and each day in the relevant period; and 

 

	 	4.8.3	Withholding Taxes required to be withheld or deducted by: 

  

	 	(a)	Owner from dividends or interest to be paid by it or its liquidators; or 

  

	 	(b)	Owner’s Indonesian shareholders from dividends, or interest to be paid by such shareholders to owner’s Singaporean shareholders, 

except to the extent that such Taxes are payable as a result of an Unrelated Activity. 

 

	4.9	“Tax Stabilisation Amount” shall be the aggregate of: 

  

	 	4.9.1	all increases in the aggregate liability of Owner or Owner’s Indonesian Shareholders to Indonesian Tax (including any withholding of Indonesian Tax from dividends or interest payable by Owner) that results from any
change in Indonesian Law or Tax that the parties agree, or failing agreement, an Expert determines have occurred after the date of this agreement; and 

  
 45 

	 	4.9.2	if the parties agree, or failing agreement, an Expert determines on request by either party that it becomes a requirement for lawful performance of this agreement that any Affiliate of Owner be domiciled in Indonesia in
addition to Owner, the aggregate of all Indonesian Taxes (Including any withholding of Indonesian Tax from dividends or interest payable by such Affiliates) incurred by all such Affiliates, 

except to the extent that such Indonesian Taxes are payable as a result of an Unrelated Activity. 

 

	4.10	“Withholding Taxes” means all: 

  

	 	4.10.1	Indonesian withholding tax incurred on dividends (PPh Dividen) (“DWT”) paid by Owner or its liquidators to its shareholders; and 

 

	 	4.10.2	Indonesian withholding tax incurred on interest (PPh Bunga) (“IWT”) paid by Owner or its liquidators to its shareholders or Permitted Creditors, or paid by Owner’s Indonesian shareholders on
amounts paid to Owner’s Singaporean shareholders, 

 except to the extent that such Indonesian Taxes are payable as a
result of an Unrelated Activity. 
  

	4.11	“Unrelated Activity” means a business activity conducted by the Owner in Indonesia that: (A) results in Indonesian Taxes being payable by that Person; and (B) is conducted for a purpose that
bears no connection with: 

  

	 	4.11.1	the entry into this agreement, its performance, and the expiry or termination of this agreement; or 

  

	 	4.11.2	the FSRU or the Mooring; or 

  

	 	4.11.3	the FSRU Financing or other provision of capital to the Owner directly or indirectly; or 

  

	 	4.11.4	the provision of goods or services to Owner or Company in connection with the FSRU or Mooring; or 

  

	 	4.11.5	the payment of dividends or interest by Owner in connection with the FSRU or Mooring; or 

  

	 	4.11.6	the Owner ceasing to conduct activities in Indonesia on or after the termination or expiry of this agreement. 

  
 46 

	4.12	VAT 

 All amounts due to Owner hereunder are expressed exclusive of value added tax
(“VAT”) thereon. In accordance with the tax regulations for VAT, VAT may be charged by Owner on those amounts where applicable and should be paid in accordance with the applicable Law. Owner shall also issue tax invoices (for
example Faktur Pajak) in accordance with the tax regulations, for Hire and other amounts payable to Owner hereunder. 
  

	5.	Audits 

  

	5.1	An audit (“Audit”) shall be conducted: 

  

	 	5.1.1	following the end of each Hire Contract Year and subject to section 5.4 of this Schedule of such of Owner’s books and accounts and other records as are reasonably required: 

 

	 	(a)	to determine the cost of any Company Alteration incurred by the Owner during the Hire Contract Year; 

  

	 	(b)	for the calculation of the amount of any Warranty Compensation paid during that Hire Contract Year; 

  

	 	(c)	to determine the amount of the Tax Liability for that Hire Contract Year and to verify the amounts of all tax credits in respect of Tax Liability for that Hire Contract Year that have been reimbursed to Company; and

  

	 	(d)	to calculate the Actual O&M Increase (if any) for each Company Alteration; 

  

	 	5.1.2	during each Review Year and subject to section 5.4 of this Schedule, of such of Owner’s accounts as are reasonably required to calculate the amount of the Rebased O&M Element for that Review Year,

 by an internationally recognised firm of accountants appointed by both Company and Owner and subject to customary
obligations to Owner to maintain in strict confidence the information disclosed to them for that audit (the “Auditors”) in accordance with International Financial Reporting Standards and Pernyataan Standar Akutansi Keuangan
(PSAK) and Good Industry Practice, at Company’s sole expense. Company may request additional information relating to the Tax audit and Owner will not unreasonably withhold such additional information. 

 

	5.2	The Audit conducted in respect of each Hire Contract Year shall be for the purposes of: 

  

	 	5.2.1	determining the sum payable in respect of any Company Alteration under section 2.2 of this Schedule 6 in respect of that Hire Contract Year and the Actual O&M Increase (if any) for each Company Alteration;

  
 47 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	 	5.2.2	confirming the calculation of Warranty Compensation paid during that Hire Contract Year, save in respect of amounts which, at the time of audit, are subject of (or have been resolved by) Expert determination under
Clause 37 of this agreement or arbitration under Clause 38 of this agreement; 

  

	 	5.2.3	confirming the amount of the Tax Liability in respect of that Hire Contract Year (and, in respect of the first Hire Contract Year, the period starting with the Contract Year); and 

 

	 	5.2.4	in respect of any Audit of a Hire Contract Year that is a Review Year, confirming the calculation of the Rebased O&M Element in respect of that Review Year. 

 

	5.3	Such Audits shall be in accordance with International Standards on Auditing of the International Auditing and Assurance Standards Boards, and the following terms shall apply: 

 

	 	5.3.1	Owner shall give or shall cause to be given to the Auditors access to its offices during normal business hours to review such books, accounts, and records as relate to FSRU&M and their operation and maintenance;

  

	 	5.3.2	Owner shall assist and cooperate with Auditors in reviewing such books, accounts, and records and shall provide the Auditors with copies and explanations as requested; 

 

	 	5.3.3	in the case of an Audit for the purposes set out in section 5.2.1 only, Audit shall include reviews of the controls and procedures applicable to those costs subject to audit and confirmation, by way or direct
communication, of such costs incurred to vendors/suppliers. 

  

	5.4	The parties shall cooperate to ensure that each Audit is conducted diligently and expeditiously with the objective that such Audit shall be completed by 30 April of the Year in which it is to be undertaken; and
Owner shall instruct the Auditor to provide to Company the calculation it has performed to determine the actual Tax Liability. 

  

	5.5	If an Audit under section 5.1.1(a) of this Schedule 6 shows, in respect of any Company Alteration, that Company has paid to Owner more or less than is required by this agreement therefor, then: 

 

	 	5.5.1	if the amount so paid exceeds what is so required, Owner shall repay that excess to the Company within ***** days of such Audit; or 

  

	 	5.5.2	if the amount so required exceeds what has been so paid, Company shall pay to Owner such excess within ***** days of such Audit. 

  
 48 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	5.6	If an Audit under section 5.1.1(b) of this Schedule 6 shows, in respect of amounts paid as Warranty Compensation under this agreement, that Owner has paid to Company more or less than is required by the agreement
therefor, then: 

  

	 	5.6.1	if the amount so paid exceeds what is so required, Company shall repay that excess to the Owner within ***** days of such Audit; or 

  

	 	5.6.2	if the amount so required exceeds what has been so paid, Owner shall pay to Company such excess within ***** days of such Audit. 

  

	5.7	If an Audit under section 5.1.1(c) of this Schedule 6 shows that the amount paid by Company in respect of Tax Liability is more or less than the actual Tax Liability, then: 

 

	 	5.7.1	if the amount so paid exceeds the actual Tax Liability, Owner shall pay to Company such excess; or 

  

	 	5.7.2	if the actual Tax Liability exceeds the amount so paid, Company shall pay to Owner such excess (the “Tax Reconciliation Amount”), 

in each case within ***** days of such Audit and taking into account tax credits received. 

 

	5.8	If an Audit under section 5.1.1(d) of this Schedule 6 shows that the Alteration OME Adjustment paid in respect of any day for any Alteration is more or less than the actual change in the Average Daily Operating Cost
resulting from that Alteration (the “Actual O&M Increase”), then; 

  

	 	5.8.1	if the Alteration OME Adjustment exceeds the Actual O&M Increase, Owner shall pay to Company; or 

  

	 	5.8.2	if the Actual O&M Increase exceeds the Alteration OME Adjustment, Company shall pay to Owner, 

an amount such that after that payment Owner shall have received in aggregate what it would have received had the Actual O&M Increase been
paid for that day within ***** days of being invoiced therefor. 
  

	5.9	If an Audit under section 5.1.2 of this Schedule 6 shows that the Rebased O&M Element is more or less than the Estimated Rebased O&M Element for a Review Year, then for each day for which the Estimated Rebased
O&M Element shall have been paid: 

  

	 	5.9.1	if the Rebased O&M Element exceeds the Estimated Rebased O&M Element, then Company shall pay Owner within ***** days of such Audit, the product of such excess multiplied by the number of such days falling in the
Review Year for which the Estimated Rebased O&M Element was paid; and 

  

	 	5.9.2	if the Estimated Rebased O&M Element exceeds the Rebased O&M Element, then Owner shall pay Company within ***** days of such Audit, the product of such excess multiplied by the number of such days falling in the
Review Year for which the Estimated Rebased O&M Element was paid. 

  

	5.10	Company and Owner shall meet within ***** days after the Audit to discuss the process and outcome of the Audit (the “Annual Audit Meeting”). 

  
 49 

	5.11	If the Directorate General of Tax (or any successor body) audits Owner (“DGT Audit”) in respect of a period (“DGT Audit Period”) in respect of which Tax Liability is payable, and that
DGT Audit determines that Owner is liable for failing to pay Specific Event Taxes or Tax Element Tax in respect of that DGT Audit Period then: 

  

	 	5.11.1	to the extent that liability arose after of failure of the Company to make payment in accordance with this agreement, the Company hereby indemnifies Owner against that liability, including against all penalties,
interest and surcharges that will be imposed on the Tax Liability; 

  

	 	5.11.2	to the extent that liability arose as a result of failure of the Owner to pay, within the time that Indonesian Law requires, Specific Event Taxes or Tax Element Tax for reasons other than Company’s failure to pay
sums due under this agreement or failure of the Auditors to calculate correctly the amounts of such Indonesian Taxes due, Owner shall bear that liability; and 

  

	 	5.11.3	to the extent that liability arose as a result of failure of the Auditors to calculate correctly the amounts of such Indonesian Taxes due, the parties shall each bear half of that liability, 

and Company shall be provided a copy of each calculation of that liability by the Auditors. 

 

	5.12	If a DGT Audit results in a refund of Tax Liability to Owner previously paid by Company, Owner shall pay, including by deduction from Monthly Invoice, the amount of that refund to Company. 

 

	6.	Final Settlement 

 Subject to section 7 of this Schedule 6: 

 

	6.1	Any payments made pursuant to section 5.5 of this Schedule 6 shall be in final settlement for the relevant Hire Contract Year as to the cost of the Company Alteration. 

 

	6.2	Any payment made pursuant to section 5.6 of this Schedule 6 shall be in final settlement of Warranty Compensation paid under Clause 21 in the relevant Contract Year, save in respect of amounts which, at the time of the
Audit, are the subject of (or have been resolved by) Expert determination under Clause 37 or arbitration under Clause 38 of this agreement. 

  

	6.3	Except as provided in section 5.11, any payment made pursuant to section 5.7 of this Schedule 6 shall be in final settlement for the relevant Year as to the amount of the Tax Liability for that Year. 

 

	6.4	Any payment made pursuant to section 5.8 of this Schedule 6 shall be in final settlement for the amount payable for the increase in Operating and Maintenance Element as a result of Company Alterations under section 3.7.

  

	6.5	Any payment made pursuant to section 5.9 of this Schedule 6 shall be in final settlement for the relevant Review Year as to the amount of the Operating and Maintenance Element for that Review Year. 

  
 50 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	7.	Disputes 

 In the event Company and Owner are unable to resolve their differences within *****
days after notice thereof with regard to: 
  

	7.1	the Audit findings; or 

  

	7.2	the applicable or content of International Financial Reporting Standards Pernyataan Standar Akuntansi Keuangan (PSAK), International Standard on Auditing or applicable Indonesia auditing standards; or

  

	7.3	Tax Liability; or 

  

	7.4	any other issue relating to the computation or adjustment of the Hire Rate, 

 the dispute shall
be referred to an Expert for determination, such Expert to be instructed to make a final determination of the issue. 
  

	8.	Stabilisation 

  

	8.1	If any change in Indonesian Law or Tax occurs after the date of this agreement that results in: 

  

	 	8.1.1	any increase in the cost of the Mooring or Owner’s performance of this agreement: 

  

	 	(a)	in respect of the Mooring before Acceptance, the Mooring Price shall be increased by the amount of that increase; and/or 

  

	 	(b)	save as provided in section 8.1.1(a) above, the Hire Rate shall be increased by the amount of that increase, or; 

  

	 	8.1.2	any decrease in the cost of the Mooring or Owner’s performance of this agreement: 

  

	 	(a)	in respect of the Mooring before Acceptance, the Mooring Price shall be decreased by the amount of that decrease; and/or 

  

	 	(b)	save as provided in section 8.1.2(a), the Hire Rate shall be decreased by the amount of that decrease, 

such that after such increase or decrease (as the case may be) the Owner is in the same net economic position after Tax that it would have been
in had no such change in Indonesian Law occurred. 

  
 51 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

	8.2	If either party believes the Hire Rate or Mooring Price should in connection with any change in Indonesian Law be increased or decreased pursuant to section 8.1 of this Schedule, it shall: 

 

	 	8.2.1	as soon as reasonably practicable reasonably notify the other of: 

  

	 	(a)	the change in Indonesian Law; 

  

	 	(b)	its calculation of amount of that change together with all information in its possession which the other reasonably requests to determine the amount of that increase or decrease; and 

 

	 	8.2.2	each party shall use reasonable endeavours to mitigate the adverse effects of that change in Indonesian Law. 

  

	8.3	As soon as reasonably practicable after either party has given notice under section 8.2 of this Schedule in respect of any change in Indonesian Law, Company and Owner shall meet and seek to agree: 

 

	 	8.3.1	the fact and effect of the change in Indonesian Law; and 

  

	 	8.3.2	the amount of the increase or decrease (if any) in Hire Rate or Mooring Price (as the case may be) required by section 8.1 of this Schedule, 

failing which agreement within ***** Banking Days after that notice, either party may refer such matter for determination by an Expert, and the
Hire Rate or Mooring Price (as the case may be) shall be increased or decreased as so agreed or determined. 
  

	9.	This Schedule 6 survives termination or expiry of this agreement and, for the avoidance of doubt, Owner shall have no rights under this Schedule 6 in respect of any liability for Taxes that are payable (i) as a
result of an Unrelated Activity or (ii) on sale of the FSRU to a third party, including to any Affiliate of Owner, after termination or expiry of this agreement. The rights of the Initial Owner under this Schedule 6 shall survive novation of
this agreement to Indonesian Owner under Clause 15, and that novation shall not affect the rights of the Initial Owner under this Schedule 6. 

  
 52 

 SCHEDULE 7 OWNER PLANNED MAINTENANCE SYSTEM 

General 
 Hoegh LNG Fleet Management (HLFM) has
implemented a maintenance system based on a centralised maintenance philosophy. Our maintenance system, AMOS Business Suite, has been developed to support our centralised philosophy. The main features are: 

 

	 	•	 	Inventory list, components and spare parts 

  

	 	•	 	Preventive maintenance program for all components. 

  

	 	•	 	Historical records for periodic and unplanned maintenance 

  

	 	•	 	Stock control 

  

	 	•	 	Integrated purchasing system 

 AMOS is the main software tool for all maintenance related actions onboard our
vessels. Company may inspect maintenance records and output reports for performance under and in accordance with Clause 2.7 of the agreement. 

Organisation 
 AMOS is installed onboard and at the
office. The system is updated daily by scheduled data transfer (replication). 
 All superintendents are “online” with a copy of the vessel
database at the office. This makes it possible for the superintendents to have a close follow up of each vessel with respect to maintenance done onboard. Benchmarking of vessel performance is also simplified through AMOS and the new centralised
philosophy. 
 We have a database containing high quality data that is available at all levels and departments. 

Centralised PMS 
 For similar equipment/spare parts used
on different vessels, AMOS gives the opportunity to create a unique common reference. This will be of great advantage in evaluation of equipment performance, as we will get history input from different vessel for the same type of equipment. 

Spare part control is also simplified through the common spare part reference. In general, it is very easy to extract data from the system to meet vessel,
management and class requirements for maintenance and spare part information. 
 Dedicated Maintenance Superintendents support all vessels with their
maintenance planning, and ensure quality and consistency according to the centralised philosophy. 

  
 53 

 Preventive Maintenance 

Preventive maintenance are scheduled for all types of jobs for all equipment onboard, like: 

 

	 	•	 	Overhauls 

  

	 	•	 	Inspections 

  

	 	•	 	Condition monitoring 

  

	 	•	 	Tests 

  

	 	•	 	Surveys 

  

	 	•	 	Services 

  

	 	•	 	Dry dock jobs 

 The jobs fall due on different triggers: 

 

	 	•	 	Calendar frequency (days, weeks or months) 

  

	 	•	 	Running hours 

  

	 	•	 	Mass flow (e.g. flow meter readings) 

  

	 	•	 	Condition of equipment (based on e.g. vibration monitoring or inspections) 

 Preventive maintenance plan are
based on maker’s recommendation and operational experience. 
 Monitoring of Maintenance 

Senior officers, Superintendents and office staff monitors the maintenance closely by regular reporting and daily follow up jobs done. The main parameters are:

  

	 	•	 	Unplanned maintenance 

  

	 	•	 	Overdue jobs 

  

	 	•	 	One-time work orders 

  

	 	•	 	Critical systems 

 Continuous Improvement 

HLFM has implemented a continuous improvement procedure to optimise the preventive maintenance plan based on operational experience. 

Vessel, superintendent and AMOS support group take part in the process to evaluate and implement preventive maintenance strategies. 

  
 54 

 SCHEDULE 8 INFORMATION TO BE PROVIDED 

SECTION 1: DRAWINGS AND DOCUMENTATION PRIOR TO ACCEPTANCE 
  

	(a)	In accordance with Clause 2.11 of the agreement, Owner will use reasonable endeavours prior to Acceptance to assist the Company in obtaining Consents by providing information and documentation when this is available.

  

	(b)	Owner will also provide Company with preliminary compatibility requirements as referred to in Clause 2.6(c)(ii). 

SECTION 2: DRAWINGS AND DOCUMENTATION AFTER ACCEPTANCE 
  

	(a)	As Built drawings in respect of the Mooring. 

  

	(b)	The following represents an indicative list of the As Built drawings and documentation provided by the Builder under the Building Contract. Owner will provide Company with a copy of these drawings and documentation as
soon as reasonably practicable after Acceptance. 

  

	(c)	Documentation from the testing done during the gas trial at the Shipyard. 

 In addition, a copy of the
Machinery Operating Manual and Cargo Operating Manual, will be provided. 
  

					
	 C220
	  	 BASIC DESIGN DEP’T No.2

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	1	  	1G7000201	  	GENERAL ARRANGEMENT
	2	  	2E7641102	  	ELECTRIC KEY DISTRIBUTION PLAN
	3	  	2E7641105	  	SYSTEM FAULT CALCULATION
	4	  	2E7830101	  	ELEC. LOAD ANALYSIS
	5	  	2T7400003	  	HULL PIPING DIAGRAM (EXCEPT LIVING QUARTER)
	6	  	2T7412004	  	CARGO PIPING DIAGRAM
	7	  	3K2000001	  	MACHINERY ARRG’T IN ENGINE ROOM
	8	  	3U2400103	  	PIPING SYSTEM DIAGRAM IN E/R
	9	  	8G7000117	  	PRE. T/S AND LONG. STRENGTH CAL

  
 55 

					
	 C230
	  	 BASIC HULL DESIGN DEP’T

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	1	  	1H7000201	  	MIDSHIP SECTION
	2	  	1H7000202	  	CONSTRUCTION PROFILE & DECK PLAN
	3	  	1H7000203	  	SHELL EXPANSION

  

					
	 C280
	  	 INITIAL DESIGN DEP’T

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	1	  	1G7000106	  	MODEL TEST REPORT

  

					
	 C3B7
	  	 SHAFT AND RUDDER DESIGN SECTION

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	1	  	381011102	  	STERN FRAME
	2	  	3R1112103	  	RUDDER
	3	  	3R1112105	  	RUDDER STOCK
	4	  	3R2820201	  	SHAFTING PLAN
	5	  	3R2823206	  	LUB OIL PIPING IN STERN TUBE FOR AFTER SEAL
	6	  	3R5111109	  	HYDRAULIC OIL STORAGE TANK FOR STEERING GEAR
	7	  	3R5111110	  	STEERING GEAR SEAT
	8	  	3R5111111	  	ARRANGEMENT OF STEERING SYSTEM
	9	  	3R5113106	  	RUDDER CARRIER
	10	  	3R5114108	  	GREASING SYSTEM FOR RUDDER CARRIER
	11	  	6R2820216	  	CALCULATION OF TORSIONAL VIBRATION
	12	  	6R2821211	  	PROPELLER
	13	  	6R2822214	  	PROPELLER SHAFT NUT
	14	  	6R2822218	  	HYDRAULIC COUPLING BOLT
	15	  	6R2823212	  	STERN TUBE SEAL
	16	  	6R2825213	  	INTERMEDIATE SHAFT BEARING
	17	  	6R5111121	  	STEERING GEAR
	18	  	8R2820208	  	CALCULATION OF SHAFT ALIGNMENT

  
 56 

					
	 C3B8
	  	 CARGO CONTAINMENT SYSTEM DESIGN SECTION

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	1	  	6W4000001	  	TANK GEOMETRY (DIMENSION & ANGLES)
	2	  	6W4000002	  	BUILDING PRINCIPLE FOR CARGO CONTAINMENT SYSTEM
	3	  	6W4000003	  	BOIL-OFF RATE CALCULATION & MEASUREMENT
	4	  	6W4000004	  	INSULATION HEAT CAPACITY ANALYSIS FOR CARGO CONTAINMENT SYSTEM
	5	  	6W4000006	  	TEMPERATURE CHARTS
	6	  	6W4000009	  	COMPONENT CODING SYSTEM PRINCIPLE
	7	  	6W4000010	  	SPECIFICATIONS OF CARGO CONTAINMENT SYSTEM (1/2)~(2/2)
	8	  	6W4000011	  	ERECTION PROCEDURE OF CARGO CONTAINMENT SYSTEM
	9	  	6W4000012	  	G/A & RETAINING BAR LOCATION FOR CARGO TANKS
	10	  	6W4000013	  	ARR’T OF STUD BOLT FOR CARGO TANKS
	11	  	6W4000014	  	ARR’T OF INSULATION PANEL FOR CARGO TANKS
	12	  	6W4000015	  	ARR’T OF SECONDARY BARRIER FOR CARGO TANKS
	13	  	6W4000016	  	ARR’T OF TOP BRIDGE PAD AND ERECTION ON BOARD FOR CARGO TANKS
	14	  	6W4000017	  	ARR’T OF MEMBRANE SHEET FOR CARGO TANKS
	15	  	6W4000018	  	ARR’T OF MEMBRANE ACCESSORIES FOR CARGO TANKS
	16	  	6W4000019	  	LIQUID DOME SURROUNDING AREA FOR CARGO TANKS
	17	  	6W4000020	  	GAS DOME SURROUNDING AREA FOR CARGO TANKS
	18	  	6W4000021	  	PUMP TOWER BASE SURROUNDING AREA FOR CARGO TANKS
	19	  	6W4000022	  	SIDE SHELL OPENING FOR CARGO TANKS
	20	  	6W4000025	  	LEAKAGE TEST PROCEDURE FOR CARGO CONTAINMENT SYSTEM
	21	  	6W4000026	  	INSULATION AROUND DRAINING AREA FOR CARGO TANKS

  
 57 

					
	 C3C2
	  	 HULL DESIGN SECTION

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	1	  	3H1000001	  	AFT END CONSTRUCTION
	2	  	3H2100001	  	DOUBLE BOTTOM IN ENGINE ROOM INCL. 4TH DECK
	3	  	3H2200001	  	ENGINE ROOM CONSTRUCTION
	4	  	3H3100001	  	DOUBLE BOTTOM IN HOLD (incl. HOPPER TANK)
	5	  	3H4000001	  	TRANSVERSE BULKHEAD
	6	  	3H4400002	  	FRAMING IN HOLD
	7	  	3H4400003	  	TRUNK DECK CONSTRUCTION
	8	  	3H5200001	  	CARGO GEAR LOCKER
	9	  	3H5300002	  	MOTOR/COMPRESSOR ROOM CONSTRUCTION
	10	  	3H6000001	  	FORE END CONSTRUCTION
	11	  	3H6500001	  	BOW BULWARK CONSTRUCTION
	12	  	3H7000001	  	STANDARD OF HULL STRUCTURAL DETAIL
	13	  	3H7000004	  	TANK TESTING PLAN
	14	  	3H7000007	  	LIQUID DOME SEAT
	15	  	3H7000008	  	VAPOR DOME SEAT
	16	  	3H7500001	  	ARRANGEMENT OF MANHOLE
	17	  	3H7600001	  	ARRANGEMENT OF BOTTOM PLUG & BULKHEAD MARK
	18	  	3J5401001	  	ARRANGEMENT OF PLATFORM UNDER CARGO MANIFOLD CONSTRUCTION
	19	  	3K2840371	  	MAIN TURBINE SEAT

  

					
	 C3C6
	  	 ACCOMMODATION STRUCTURAL DESIGN SECTION

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	1	  	3H8000001	  	DECK HOUSE CONSTRUCTION
	2	  	3H8000003	  	STANDARD PRACTICE IN ACCOMM. (6/6) [HULL STRUCTURE]
	3	  	3H8400001	  	ENGINE CASING CONST. (INCL. FUNNEL CONST.)
	4	  	3H8500002	  	FUNNEL MARK

  
 58 

					
	 C3F1
	  	 HULL OUTFITTING DESIGN SECTION

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	1	  	2J7361001	  	SHIP’S NAME & REGISTER PORT NAME
	2	  	2J7361002	  	SHIP SIDE LETTER
	3	  	2J7361003	  	MISCELLANEOUS MARK
	4	  	2J7400004	  	LAYOUT OF HULL OUTFITTINGS
	5	  	2J8221004	  	ARR’T OF LIFE BOAT HANDLING (FREE FALL)
	6	  	2J8221005	  	ARR’T OF RESCUE BOAT HANDLING
	7	  	2J8361003	  	BOW MARK
	8	  	2T5412010	  	CARGO PIPING GUIDANCE
	9	  	2T7400002	  	STANDARD OF HULL PIPING
	10	  	2T7400022	  	INSTALLATION GUIDANCE FOR G.R.P PIPE
	11	  	3B1000110	  	ARR’T OF OUTFITTINGS FOR STERN
	12	  	3B3000110	  	ARR’T OF OUTFITTINGS FOR D/B
	13	  	3B4000130	  	ARR’T OF OUTFITTING IN HOLD SPACE/COFFERDAM
	14	  	3B4000150	  	ARRANGEMENT OF UNDER DECK PASSAGEWAY
	15	  	3B4000160	  	ARRG’T OF OUTFITTINGS IN W.B. TANK
	16	  	3B4403530	  	ARR’T OF HEATING COIL IN COFFERDOM
	17	  	3B4411011	  	ARRG’T OF OUTFITTINGS FOR PUMP TOWER
	18	  	3B4411012	  	PUMP TOWER TUBULAR STRUCTURE
	19	  	3B4411013	  	PUMP TOWER LOWER SECTION
	20	  	3B4411014	  	PUMP TOWER DETAILS OF PLATFORMS & LADDERS
	21	  	3B4411015	  	PUMP TOWER DETAILS OF CABLE WAY
	22	  	3B4411016	  	PUMP TOWER DETAILS OF OTHER DEVICES
	23	  	3B4411017	  	PUMP TOWER GUIDING SYSTEM
	24	  	3B4411018	  	PUMP TOWER DETAILS OF CARGO PUMPS SUPPORT
	25	  	3B34411019	  	LIQUID DOME COVER
	26	  	3B4411021	  	LIQUID DOME PENETRATION
	27	  	3B4411022	  	GAS DOME PENETRATION
	28	  	3B4411023	  	ARR’T OF AMMONIA INJECTION LINE & REFERENCE LEAK

  
 59 

					
	 C3F1
	  	 HULL OUTFITTING DESIGN SECTION

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	29	  	3B4411024	  	SPRAYING SYSTEM PRINCIPLE
	30	  	3B4411026	  	PUMP TOWER BASE SUPPORT
	31	  	3B4411027	  	PUMP TOWER STRESS ANALYSIS
	32	  	3B4411028	  	CARGO TANK VOLUME & STRESS ANALYSIS
	33	  	3B5000150	  	ARR’T OF OUTFITTINGS ON UPPER DECK & TRUNK DECK
	34	  	3B5000160	  	ARR’T OF OUTFITTINGS ON CARGO DOME COVER
	35	  	3B5000180	  	ARRG’T OF OUTFITTING FOR CARGO MACH/MOTOR ROOM
	36	  	3B5000190	  	ARRG’T OF OUTFITTING IN REGAS UNIT SPACE
	37	  	3B5840126	  	ARRG’T OF OX/AC BOTTLE & PIPING
	38	  	3B6000110	  	ARR’T OF OUTFITTINGS FOR FORE SHIP
	39	  	3B6000510	  	ARRG’T OF OUTFITTINGS FOR FWD PUMP ROOM
	40	  	3B6403520	  	ARR’T OF HEATING COIL IN FWD F.O.TANK
	41	  	3B7000100	  	SAFETY PLAN
	42	  	3B8000110	  	ARR’T OF OUTFITTINGS FOR AFT DECK
	43	  	3B8000120	  	ARRG’T OF OUTFITTINGS FOR EM’CY DIG ROOM
	44	  	3J4411015	  	VENT MAST WITH COWL FOR VENT STACK
	45	  	3J6121001	  	ARR’T OF ANCHOR HANDLING
	46	  	3J6141002	  	FORE MAST
	47	  	3J7000021	  	STANDARD OF HULL OUTFITTINGS(1/3)
	48	  	3J7000022	  	STANDARD OF HULL OUTFITTINGS(2/3)
	49	  	3J7000023	  	STANDARD OF HULL OUTFITTINGS(3/3)
	50	  	3J8142001	  	RADAR MAST
	51	  	3T403003	  	LIFTING LUG FOR CARGO EQUIPMENT
	52	  	6J5132002	  	HOSE HANDLING CRANE
	53	  	6J5138001	  	PROVISION CRANE
	54	  	6J5138008	  	BOSUN STORE DAVIT
	55	  	6J5138011	  	CARGO MACHINERY ROOM SERVICE CRANE
	56	  	6J5138012	  	CARGO PUMP HANDLING DAVIT
	57	  	6J5165001	  	ACCOMMODATION LADDER

  
 60 

					
	 C3F1
	  	 HULL OUTFITTING DESIGN SECTION

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	58	  	6J5165008	  	PILOT SLANT LADDER & ROPE LADDER REEL
	59	  	6J5221007	  	LIFE SAVING EQUIPMENT
	60	  	6J7116002	  	EMERGENCY TOWING SYSTEM
	61	  	6J7122001	  	DECK MACHINERY
	62	  	6J7122006	  	QUICK RELEASE HOOK UNIT
	63	  	6J8221004	  	LIFE BOAT (FREE FALL)
	64	  	6J8221005	  	LIFE BOAT DAVIT
	65	  	6J8223002	  	RESCUE BOAT DAVIT
	66	  	6J8223005	  	RESCUE BOAT
	67	  	6T4232016	  	CARGO VALVE REMOTE CONTROL AND E.S.D SYSTEM
	68	  	6T4411001	  	CARGO PUMP
	69	  	6T4411002	  	CARGO SPRAY PUMP
	70	  	6T4412022	  	RELIEF VALVE FOR CARGO TANK AND INSULATION SPACE
	71	  	6T4412023	  	RELIEF VALVE FOR CARGO PIPING
	72	  	6T5411003	  	HIGH AND LOW DUTY CARGO COMPRESSOR
	73	  	6T5411006	  	HEAT EXCHANGERS FOR CARGO SYSTEM
	74	  	675411007	  	AUXILIARY COOLING FRESH WATER PUMP
	75	  	6T5411008	  	DRAIN COOLER FOR GAS HEATER
	76	  	6T5411009	  	FRESH WATER COOLER FOR CARGO SYSTEM
	77	  	6T5411021	  	REGASIFICATION SYSTEM
	78	  	6T5411022	  	SHIP TO SHIP TRANSFER SYSTEM
	79	  	6T5411023	  	ODORIZATION SYSTEM
	80	  	6T5411024	  	HIGH INTEGRITY PRESSURE PORTECTION SYSTEM (HIPPS) SYSTEM
	81	  	6T5411025	  	GAS METERING SYSTEM
	82	  	6T5415007	  	PRESSURE CONTROL VALVE FOR N2 BLEED LINE
	83	  	6T7140123	  	INERT GAS GENERATOR (N2 GAS GENERATOR)
	84	  	617140155	  	WATER SPRAY SYSTEM
	85	  	6T7401011	  	BELLOWS TYPE EXPANSION COUPLING

  
 61 

					
	 C3F1
	  	 HULL OUTFITTING DESIGN SECTION

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	86	  	6T7401021	  	FUEL OIL TRANSFER PUMP
	87	  	6T7412025	  	CRYOGENIC BUTTERFLY VALVES
	88	  	6T7412026	  	CRYOGENIC N.R. VALVES
	89	  	6T7412027	  	CRYOGENIC BALL VALVE
	90	  	6T7412028	  	CRYOGENIC GLOVE VALVE
	91	  	6T7412029	  	CRYOGENIC GATE VALVE
	92	  	6T7412031	  	CARGO PIPE INSULATION
	93	  	6T7418001	  	TRIM AND LIST INDICATOR
	94	  	6T7415002	  	INERT GAS SYSTEM
	95	  	6T7431003	  	GAS DETECTION SYSTEM
	96	  	6T7432001	  	CO2 FIRE EXTINGUISHING SYSTEM(FIXED)
	97	  	6T7432003	  	DRY CHEMICAL POWDER FIRE EXTINGUISHING SYSTEM
	98	  	6T7432004	  	HIGH EXPANSION FOAM FIRE EXTINGUISHING SYSTEM
	99	  	6T7511009	  	HYDRAULIC VALVE CONTROL SYSTEM
	100	  	6T7512001	  	TANK LEVEL/DRAFT GAUGE
	101	  	6T8000001	  	CUSTODY TRANSFER SYSTEM
	102	  	6T8000004	  	FLOAT TYPE LEVEL GAUGES FOR CARGO TANK
	103	  	6T8000006	  	GAS FLOW METER
	104	  	6T8000007	  	LOCAL N2 FLOW METER
	105	  	7B7000002	  	ON BOARD TEST PROCEDURE FOR HULL OUTFITTING PART
	106	  	7B7711001	  	INVENTORY LIST(HULL PART)
	107	  	7T7000002	  	PRESSURE TESTING PROCEDURE FOR CARGO PIPING SYSTEM
	108	  	7T7140400	  	LN2 TRIAL PROECURE
	109	  	7T7410100	  	ON-BOARD TEST PROCEDURE FOR CARGO HANDLING SYSTEM
	110	  	7T7410200	  	GAS TRIAL PROCEDURE
	111	  	7T7410300	  	CARGO OPERATION MANUAL
	112	  	7T7412013	  	CALCULATION TABLES FOR CARGO HANDLING SYSTEM

  
 62 

					
	 C3F1
	  	 HULL OUTFITTING DESIGN SECTION

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	113	  	7T7412017	  	PIPING STRESS ANALYSIS - VAPOR 7 GAS MAIN - TANK NO.1,2,3,4
	114	  	7T7412019	  	PIPING STRESS ANALYSIS - LIQUID MAIN - TANK NO. 1,2,3,4
	115	  	7T7412021	  	PIPING STRESS ANALYSIS - STRIPPING & SPRAYING MAIN - TANK NO. 1,2,3,4
	116	  	7T7412023	  	PIPING STRESS ANALYSIS - SAFETY VAVLES EXHAUSTS - TANK NO, 1,2,3,4 & HP NG
	117	  	7T7412025	  	PIPING STRESS ANALYSIS - CARGO COMPRESSOR ROOM
	118	  	7T7412027	  	PIPING STRESS ANALYSIS-DUAL FUEL ENGINE LINE,GAS COMBUSTION UNIT LINE&HEAVIER COMPONENTS RETURN LINE
	119	  	7T7412029	  	PIPING STRESS ANALYSIS - SPRAYING RAMPS IN TANKS - TANK NO. 1,2,3,4
	120	  	7T7412031	  	PIPING STRESS ANALYSIS - HIGH PRESSURE LINE TO MANIFOLD & REGASIFICATION SYSTEM LINE

  

					
	 C3F4
	  	 ACCOMMODATION DESIGN SECTION

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	1	  	258230001	  	DIAGRAM & ARR’T OF VENTILATION IN ACCOM
	2	  	258400001	  	DIAGRAM & ARR’T OF PIPING IN ACCOM
	3	  	2W8000002	  	ACCOMMODATION PLAN ON UPPER DECK
	4	  	2W8000003	  	ACCOMMODATION PLAN ON A-DECK
	5	  	2W8000004	  	ACCOMMODATION PLAN ON B-DECK
	6	  	2W8000005	  	ACCOMMODATION PLAN ON C-DECK
	7	  	2W8000006	  	ACCOMMODATION PLAN ON D-DECK
	8	  	2W8000007	  	ACCOMMODATION PLAN ON E-DECK
	9	  	2W8000010	  	ACCOMMODATION PLAN ON NAV. BRI. DECK
	10	  	2W8001001	  	STRUCTURAL FIRE PROT. PLAN
	11	  	2W8001002	  	COLOR SCHEME BOOK

  
 63 

					
	 C3F4
	  	 ACCOMMODATION DESIGN SECTION

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	12	  	3S8230002	  	STANDARD PRACTICE IN ACCOMMODATION(1/6) (AIR CON. AND VENT SYSTEM)
	13	  	3S8400002	  	STANDARD PRACTICE IN ACCOMMODATION(2/6) (PIPING SYSTEM)
	14	  	3W8162001	  	MAIN STAIRWAY IN ACCOM.
	15	  	3W8165001	  	LADDER & RAIL ON D/H
	16	  	3W8168001	  	STANDARD PRACTICE IN ACCOMMODATION(4/6) (DECK HOUSE OUTFITTING)
	17	  	3W8261001	  	STANDARD PRACTICE IN ACCOMMODATION(3/6) (JOINERY WORK)
	18	  	3W8271001	  	STANDARD PRACTICE IN ACCOMMODATION(5/6) (FURNITURE)
	19	  	3W8400510	  	ARR’T OF FIRE CONTROL ROOM
	20	  	3W8711001	  	INVENTORY LIST IN ACCOM.
	21	  	658233001	  	AIR CONDITIONING PLANT
	22	  	6S8321001	  	VACUUM TOILET
	23	  	658331001	  	PROVISION REFRIGERATING PLANT
	24	  	6S8400003	  	LOCAL FIRE FIGHTING SYS. FOR ACCOM.
	25	  	6W8160001	  	DOOR
	26	  	6W8166001	  	ELEVATOR
	27	  	6W8184001	  	WINDOW WIPER & C.V.S
	28	  	6W8240001	  	WINDOW
	29	  	6W8310001	  	GALLEY
	30	  	6W8310003	  	MISCELLANEOUS EQ’T IN ACCOM.
	31	  	6W8320001	  	LAUNDRY
	32	  	6W8321002	  	UNIT TOILET & SANITARY WARE
	33	  	6W8330001	  	COLD PROVISION CHAMBER
	34	  	758000004	  	ONBOARD TEST PROCEDURE FOR ACCOMMODATION
	35	  	7S8000007	  	REFRIGERANT LEAK DETECTOR SYSTEM

  
 64 

					
	 C3F5
	  	 MACHINERY OUTFITTING DESIGN SECTION

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	1	  	3K2000002	  	“KEY PLAN OF VENT/D, LADDER & GRATING IN E/R”
	2	  	3K2000003	  	GENERAL ARR’T OF SPARE PART & TOOLS
	3	  	3K2000005	  	ARRG’T OF DOOR & INSULATION IN E/R
	4	  	3K2520004	  	ARRG’T& DET. FOR VENTILATION DAMPER REMOTE CONTROL SYSTEM
	5	  	3K2810007	  	ARR’T & DETAIL OF REDUCTION GEAR & PROPULSION MOTOR SEATING
	6	  	3K2830009	  	DETAIL OF D/G ENGINE SEATING
	7	  	3K2840012	  	ARRG’T & DETAIL OF SHAFT WITHDRAWAL
	8	  	3K2840013	  	ARRG’T OF LIFTING BEAM IN E/R
	9	  	3K2840015	  	ARRANGEMENT OF WORK SHOP & STORE
	10	  	3K2870201	  	INDEPENDENT TANK IN E/R
	11	  	3U2000101	  	STANDARD PRACTICE IN E/R
	12	  	3U2000115	  	ARRANGEMENT OF SEA CHEST IN ENGINE ROOM
	13	  	3U2000117	  	ARRG’T OF LIFTING LUG IN E/R
	14	  	3U2000122	  	ARRG’T OF TK TOP HOLES & D/B TANKS IN E/R
	15	  	3U2000123	  	ARRANGEMENT OF SHIP SIDE VALVE & DETAIL OF PIPE IN ENGINE ROOM
	16	  	3U240010C	  	ARRG’T OF VENT HOOD SPACE IN E/R
	17	  	3U240010D	  	ARRG’T OF G.C.U IN E/R
	18	  	3U2860118	  	ARRG’T & DET. OF MAIN ENGINE EXH.GAS PIPE
	19	  	3U2860119	  	ARRANGEMENT OF MAIN FUNNEL
	20	  	3U2870121	  	ARRANGEMENT OF HULL TANK IN E/R
	21	  	6U2232351	  	E/R VENT FANS
	22	  	6U2402023	  	FLOWMETER
	23	  	6U2811003	  	GAS COMBUSION UNIT
	24	  	6U2831101	  	MAIN D/G ENGINE
	25	  	6U2833121	  	REDUCTION GEAR
	26	  	6U2843165	  	PURIFIERS
	27	  	6U2843171	  	OILY BILGE SEPARATOR

  
 65 

					
	 C3F5
	  	 MACHINERY OUTFITTING DESIGN SECTION

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	28	  	6U2843173	  	WATER MIST FIRE FIGHTING SYSTEM
	29	  	6U2844172	  	PISTON TYPE COMPRESSORS
	30	  	6U2844173	  	SCREW TYPE COMPRESSORS
	31	  	6U2846185	  	FRESH WATER GENERATOR(DISTILLING PLANT)
	32	  	6U2846193	  	MARINE GROWTH PREVENTING SYSTEM
	33	  	6U2846197	  	SEWAGE TREATMENT PLANT
	34	  	6U2847219	  	E/R CRANE
	35	  	6U2852301	  	AUXILIARY BOILER
	36	  	6U2852302	  	INCINERATOR
	37	  	6U2853303	  	EXHAUST GAS ECONOMIZER
	38	  	7U2000501	  	LUB OIL CHART
	39	  	7U2000502	  	ON BOARD TEST PROCEDURE

  

					
	 C3F9
	  	 ELECTRIC OUTFITTING DESIGN SECTION

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	1	  	2E2000301	  	G/A OF ELEC. EQUIP. IN E/R AND S/G ROOM
	2	  	2E2520309	  	ARRANGEMENT OF NO1. AND NO2. MAIN SWITCH BOARD ROOM
	3	  	2E2610201	  	W/D OF LIGHTING SYSTEM IN E/R
	4	  	2E6000017	  	GENERAL ARRANGEMENT OF ELECTRIC EQUIPMENT IN CARGO MACHINERY
	5	  	2E6000018	  	ARRANGEMENT OF NO.1 AND 2 CARGO SWITCH BOARD ROOM
	6	  	2E7000304	  	G/A OF ELECTRIC EQUIPMENT ON DECK
	7	  	2E7000401	  	ON BOARD TEST PROCEDURE OF ELEC. EQUIP.
	8	  	2E7610202	  	WIRING DIAGRAM OF LIGHTING SYSTEM EXCEPT E/R
	9	  	2E7611203	  	ARRANGEMENT OF NAVIGATION LIGHT
	10	  	2E7641103	  	WIRING DIAGRAM OF POWER SYSTEM

  
 66 

					
	 C3F9
	  	 ELECTRIC OUTFITTING DESIGN SECTION

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	11	  	2E8000303	  	GENERAL ARRANGEMENT OF ELECTRIC EQUIPMENT IN ACCOMMODATION
	12	  	2N2520306	  	ARRANGEMENT OF CARGO CONTROL ROOM
	13	  	2N2520307	  	ARR’T OF ENGINE CONTROL ROOM
	14	  	2N6000004	  	INSTRUMENT LIST FOR CARGO PART
	15	  	2N6000013	  	WIRING DIAGRAM OF CONTROL AND INSTRUMENTATION FOR CARGO SYSTEM
	16	  	2N6000029	  	ONBOARD TEST PROCEDURE OF CARGO CONTROL AND INSTRUMENTATION SYSTEM
	17	  	2N7000201	  	WIRING DIAGRAM FOR COMMUNICATION & NAVIGATION EQUIPMENT
	18	  	2N7000203	  	TEST PROCEDURE FOR NAUTICAL EQUIPMENT
	19	  	2N7183304	  	ARR’GT OF ECHO SOUNDER & LOG
	20	  	2N7430403	  	WIRING DIAGRAM & ARRANGEMENT OF FIRE & GENERAL ALARM SYSTEM
	21	  	2N7520102	  	WIRING DIAGRAM FOR CONTROL AND INSTRUMENTATION FOR MACHINERY
	22	  	2N7520105	  	ON BOARD TEST PROCEDURE FOR E/R MACHINERY CONTROL SYSTEM
	23	  	2N8000204	  	ARRANGEMENT OF ANTENNA EXTENSION
	24	  	2N8000206	  	ARRANGEMENT OF ELECTRIC EQUIPMENT ROOM
	25	  	2N8000301	  	ARRANGEMENT OF WHEEL HOUSE AND CHART SPACE
	26	  	2N8838401	  	ARRANGEMENT OF BATTERY ROOM
	27	  	3C7620001	  	STANDARD OF CABLE INSTALLATION
	28	  	6E2638106	  	LV TRANSFORMER
	29	  	6E2641108	  	LV MAIN & CARGO SWITCH BOARD
	30	  	6E2641109	  	LV SWITCH BOARD
	31	  	6E2642112	  	TEST PANEL
	32	  	6E2831101	  	MAIN GENERATOR
	33	  	6E2838105	  	HV TRANSFORMER
	34	  	6E2848107	  	ELECTRIC WELDER

  
 67 

					
	 C3F9
	  	 ELECTRIC OUTFITTING DESIGN SECTION

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	35	  	6E7612217	  	LIGHTING FIXTURE
	36	  	6E7621301	  	ELECTRIC CABLE
	37	  	6E7641107	  	PROPULSION CONVERTER
	38	  	6E7641110	  	DISTRIBUTION BOARD
	39	  	6E7643111	  	GROUP STARTER PANEL
	40	  	6E7643112	  	LOCAL GROUP STARTER PANEL AND INDIVIDUAL STARTER
	41	  	6E7710401	  	SPARE PARTS LIST
	42	  	6E7841105	  	ELECTRIC PROPULSION MOTOR
	43	  	6E7841106	  	ELECTRIC MOTOR
	44	  	6E7841107	  	PORTABLE VIBRATION MEASUREMENT FOR SPM
	45	  	6E8611201	  	GROUP CONTROL PANEL
	46	  	6E8641109	  	EMERGENCY SWITCH BOARD
	47	  	6E8643114	  	EMERGENCY STOP SWITCH BOX
	48	  	6E8831103	  	EMERGENCY GENERATOR
	49	  	6N2521101	  	ENGINE ROOM CONTROL CONSOLE
	50	  	6N2521102	  	INTEGRATED AUTOMATION SYSTEM (IAS)
	51	  	6N2521105	  	LIGHT SIGNAL COLUMN
	52	  	6N2522110	  	ATMOSPHERIC OIL MIST DETECTOR IN E/R
	53	  	6N2522112	  	PRESSURE GAUGE BOARD
	54	  	6N2522113	  	PRESSURE INDICATING SYSTEM
	55	  	6N2522116	  	TEMP. IND SYSTEM
	56	  	6N2522117	  	LEVEL SWITCH
	57	  	6N2522118	  	LEVEL INDICATING SYSTEM
	58	  	6N2522129	  	PERFORMANCE MONITORING SYSTEM
	59	  	6N2522130	  	AIR LOCK ALARM SYSTEM (CARGO MOTOR ROOM)
	60	  	6N2522131	  	WATER DTECTOR IN INSULATION SPACE
	61	  	6N7181303	  	AUTO PILOT AND GYRO COMPASS
	62	  	6N7182313	  	WHISTLE
	63	  	6N7182314	  	AUTO FOG BELL & GONG SYSTEM

  
 68 

					
	 C3F9
	  	 ELECTRIC OUTFITTING DESIGN SECTION

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	64	  	6N7183107	  	RUDDER ANGLE INDICATOR SYSTEM
	65	  	6N7183307	  	SPEED LOG
	66	  	6N7183308	  	ECHO SOUNDER
	67	  	6N7212203	  	AUTOMATIC TELEPHONE
	68	  	6N7212205	  	COMMON BATTERY TELEPHONE
	69	  	6N7212207	  	BRIDGE WATCH MONITORING SYSTEM
	70	  	6N7212209	  	PUBLIC ADDRESS AND TALK BACK SYSTEM
	71	  	6N7212210	  	MISCELLANEOUS COMMUNICATION SYSTEM
	72	  	6N7212212	  	SHIP/SHORE COMMUNICATION SYSTEM
	73	  	6N7212213	  	EMERGENCY SHUTDOWN SYSTEM
	74	  	6N7281212	  	COMMUNAL AERIAL SYSTEM
	75	  	6N7431401	  	FIRE DETECTION SYSTEM
	76	  	6N7838402	  	STORAGE BATTERY
	77	  	6N8181304	  	MAGNETIC COMPASS
	78	  	6N8181313	  	D.G.P.S
	79	  	6N8181315	  	INTEGRATED NAVIGATION SYSTEM
	80	  	6N8181317	  	NAVTEX EQUIPMENT
	81	  	6N8182305	  	RADAR EQUIPMENT
	82	  	6N8182310	  	WEATHER FACSIMILE RECEIVER
	83	  	6N8182311	  	ANEMOMETER AND ANEMOSCOPE
	84	  	6N8182316	  	CCTV SYSTEM
	85	  	6N8184404	  	CLOCK
	86	  	6N8521102	  	BRIDGE CONTROL CONSOLE
	87	  	6N8521104	  	BRIDGE WING CONTROL CONSOLE
	88	  	6N8521105	  	ENGINE CONTROL ROOM CONSOLE
	89	  	6N8631201	  	MF/HF RADIO EQUIPMENT
	90	  	6N8631211	  	VHF RADIO TELEPHONE
	91	  	6N8631213	  	VHF PORTABLE TRANSCEIVER
	92	  	6N8631215	  	SATELLITE COMMUNICATION EQUIP’T(F-TYPE)

  
 69 

					
	 C3F9
	  	 ELECTRIC OUTFITTING DESIGN SECTION

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	93	  	6N8631217	  	SATELLITE COMUNICATION EQUIP’T (C-TYPE)
	94	  	6N8631218	  	UHF ONBOARD COMMUNICATION EQUIPMENT
	95	  	6N8631220	  	AUTOMATIC IDENTIFICATION SYSTEM
	96	  	6N8631221	  	VOYAGE DATA RECORDER
	97	  	6N8631222	  	SHIP SECURITY ALERT SYSTEM
	98	  	6N8641403	  	BATTERY CHARGER AND DISTRIBUTION BOARD
	99	  	6N8641404	  	U.P.S
	100	  	6N8641406	  	SIGNAL SOUND RECEPTION SYSTEM

  

					
	 C3J1
	  	 DESIGN COORDINATION SECTION 1

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	1	  	2G7000004	  	CAPACITY PLAN & DEADWEIGHT SCALE
	2	  	2G7000012	  	DOCKING PLAN
	3	  	2G7000013	  	LINES OF BILGE KEEL
	4	  	4G7000002	  	DRAFT MARK
	5	  	6G7000001	  	LOADING COMPUTER(ON-LINE)
	6	  	7G7000007	  	PROCEDURE OF CARGO TANK CALIBRATION
	7	  	7G7000008	  	PROCEDURE OF INCLINING EXPERIMENT & LIGHTWEIGHT MEASUREMENT
	8	  	7G7000009	  	PROCEDURE OF SEA TRIAL
	9	  	7G7000018	  	LIST OF DRAWING FOR APPROVAL(OWNER)
	10	  	8G7000004	  	RESULT OF INCLINING EXPERIMENT & LIGHTWEIGHT MESURMENT
	11	  	8G7000006	  	RESULT OF SEA TRIAL

  
 70 

					
	 C3J5
	  	 ANTI-CORROSION DESIGN SECTION

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	1	  	1P7030002	  	PAINTING SPECIFICATION
	2	  	1P7030003	  	COATING TECHNICAL FILE
	3	  	2P7033007	  	ARR’GT OF I.C.C.P
	4	  	4P7033016	  	ARRG’T OF ANODES

  

					
	 C410
	  	 PROJECT & PRODUCTION PLANNING DEPT

	 No.
	  	 DWG No.
	  	 DRAWING NAME

	1	  	7H7030060	  	DETAILS OF WELD JOINTS FOR HULL & OUTFITTINGS

  
 71 

 SCHEDULE 9 NOVATION AGREEMENT 

This agreement is made on [—] 

Between 
  

	(1)	PT Perusahaan Gas Negara (Persero) Tbk, a state-owned limited liability company established under Indonesian Government Regulations and having its principal office at JI. K.H. Zainul Arifin No. 20, Jakarta 1140,
Indonesia (the “Continuing Party”); 

  

	(2)	Höegh LNG Limited a company incorporated under the laws of Bermuda and with its registered office at Canon’s Court, 22 Victoria Street, Hamilton HM12, Bermuda (the “Transferor”); and

  

	(3)	[insert name of Indonesian Owner], a company duly incorporated in Indonesia and with its registered office at [Insert] (the “Transferee”). 

Recitals 
  

	A.	The Continuing Party and the Transferor are parties to agreements, copies of which are set out in the first schedule hereto (the “Subject Agreements”). 

 

	B.	Under the Subject Agreements, Transferor agrees to lease to the Continuing Party, and operate and maintain, a floating storage and regasification unit and procure a mooring system (“FSRU&M”) in
connection with the Lampung LNG Floating Storage and Regasification Facilities Project and to assume joint and several liabilities for certain obligations. 

  

	C.	The Transferor will or will procure transfer of ownership of the FSRU&M to the Transferee on or about the date of this agreement. 

 

	D.	The Transferor wishes to be released from all its obligations and liabilities and transfer all its rights under the Subject Agreements to the Transferee, and the Continuing Party agrees to such release. The Transferee
wishes to assume such obligations and liabilities. 

 Operative provisions 

Novation 
  

	1.	In consideration of the other parties’ entering into their respective obligations under this agreement, [with effect from the date of this agreement]: 

 

	 	1.1	the Continuing Party hereby releases and discharges the Transferor (including without limitation in respect of any breach of the Subject Agreements by the Transferor antecedent to the Effective Date) from all of the
Transferor’s obligations and liabilities under or in connection with the Subject Agreements, and from all claims and demands whatsoever arising under the Subject Agreements on or after the date of this agreement (the “Effective
Date”) and the Transferor hereby ceases to be a party to the Subject Agreements; 

  
 72 

	 	1.2	save as provided in section 9 of Schedule 6 of the Subject Agreement entitled the Amended and Restated Lease Operation and Maintenance Agreement, the Transferor hereby assigns all of its rights under the Subject
Agreements to the Transferee (including, without limitation, in respect of any breach by the Continuing Party of the Subject Agreements antecedent to the Effective Date), and all obligations and liabilities of the Continuing Party to the Transferor
under the Subject Agreements hereby cease; 

  

	 	1.3	the Transferee hereby agrees to assume and perform the obligations and liabilities from which the Transferor is released and discharged pursuant to clause 1.1 of this agreement (including, without limitation, in respect
of any breach of the Subject Agreements by the Transferor antecedent to the Effective Date) and to be bound by its terms in all respects as if the Transferee had been named as a party thereto in place of the Transferor; and 

 

	 	1.4	the Continuing Party hereby agrees to perform the Continuing Party’s obligations and liabilities under or in connection with the Subject Agreements and to be bound by its terms in all respects as if the Transferee
had been named as a party thereto, in place of the Transferor. 

  

	2.	The terms of this agreement are conditional upon the Transferee having procured on or before execution of this agreement the delivery to the Continuing Party of a guarantee substantially in the form set out in the
second schedule to this agreement (the “Indonesian Owner Guarantee”). 

  

	3.	Promptly following execution of this agreement the Transferee shall provide to the Continuing Party customary legal opinions in form and substance reasonably satisfactory to the Continuing Party from a reputable counsel
relating to the enforceability of the Indonesian Owner Guarantee, the power and authority of the Guarantor to enter into and perform the Indonesian Owner Guarantee and due execution by the Guarantor of Indonesian Owner Guarantee and words defined in
the Subject Agreements shall have the same meaning in this clause. 

 Notices 

 

	4.	For the purposes of the Subject Agreements, the Transferee’s address for notices shall be as follows: 

Address: [—] 

Fax No: [—] 

Addressed for the personal attention of: [—] 

  
 73 

 Counterparts 
  

	5.	This agreement may be executed in any number of counterparts and by the parties to it on separate counterparts, each of which shall be an original, but all of which together shall constitute one and the same Instrument.

 Governing law and arbitration 
  

	6.	This agreement shall be governed by and construed in accordance with the laws of Republic of Indonesia. 

  

	7.	Any dispute arising out of or in connection with the agreement, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration in Singapore in
accordance with the Arbitration Rules of the Singapore International Arbitration Centre (“SIAC Rules”) for the time being in force, which rules are deemed to be incorporated by reference in this Clause. The Tribunal shall consist of
3 arbitrators. The language of the arbitration shall be English. 

  

	8.	It is hereby agreed that an arbitral tribunal constituted under one or both of the Subject Agreements may consolidate an arbitration hereunder. 

 

	9.	Each party agrees that it will not institute any court proceedings arising out of or in connection with this agreement (and, in the event of consolidation, the Indonesian Owner Guarantee, or Umbrella Agreement) except
only to enforce in any court having jurisdiction any award rendered by the arbitral tribunal. 

  

	10.	Decisions of the arbitral tribunal shall be binding in final instance upon the parties hereto. The parties hereto expressly agree in accordance with Law No. 30 of 1999 on Arbitration and Alternative Dispute
Resolution (the “Arbitration Law”) that in deciding the disagreement or dispute, the arbitrators shall be bound by strict rules of law, and may not purport to decide the same ex aequo et bono. The parties further agree to waive any
Indonesian laws and regulations, decrees or policies having the force of law that would otherwise give a right to appeal any arbitration decision or award, and to the extent applicable, as such that in conformity with Article 60 or Arbitration Law,
there shall be no appeal and/or cessation to any court of law from the decision of the arbitrators and the parties shall not challenge or resist the enforcement action taken by the party in whose favour the decision of the arbitrators was given.

  

	11.	The parties hereto expressly agree to waive the applicability of Article 48.1 of the Arbitration Law as such that the mandate of the arbitrators duly constituted in accordance with the terms of this Lease shall remain
in effect until a final arbitral award has been issued by the arbitrators. 

 Governing Language 

 

	12.	 This agreement is executed in the English language. In compliance with Law No. 24 of 2009 regarding National Flag, Language, Emblem and Song, the
parties agree to translate this agreement into the Indonesian language within 90 days as of the date of this 

  
 74 

	 	
agreement or any other date as agreed between the parties. The Indonesian language agreement shall have the date of this agreement as its effective date. Such Indonesian language version shall
form an integral and inseparable part of the English version. In the event of inconsistencies or differences in interpretation between the English and Indonesian texts, the English version shall prevail and the relevant Indonesian version shall be
deemed to be automatically amended to conform with and to make the relevant Indonesian text consistent with the relevant English text. 

  

	13.	Furthermore, each party agrees it will not cite or invoke Law 24/2009 or any regulation issued thereunder, or claim that the fact this agreement was executed in the English language only, to: 

 

	 	13.1	defend its non-performance or breach of its obligations under this agreement; or 

  

	 	13.2	allege that this agreement is against public policy or otherwise does not constitute its legal, valid and binding obligations, enforceable against it in accordance with its 

IN WITNESS this agreement has been duly executed on the date set out above. 
  

					
	Signed for and on behalf of Höegh LNG Ltd.	 		 	Signed for and on behalf of PT Perusahaan Gas Negara (Persero) Tbk
			
	  
	 		 	  

	Signature	 		 	Signature
			
	  
	 		 	  

	Name	 		 	Name
			
	  
	 		 	  

	Capacity	 		 	Capacity
			
	  
	 		 	  

	Date	 		 	Date

  
 75 

	
	Signed for and on behalf of [insert details of Transferee]
	
	  

	Signature
	
	  

	Name
	
	  

	Capacity
	
	  

	Date

  
 76 

 Schedule 1 to Novation Agreement 

[Insert copy of the Subject Agreements] 

  
 77 

 Schedule 2 to Novation Agreement 

INDONESIAN OWNER GUARANTEE 
 This deed is
made on [—] 
 Between 

[—] (the “Guarantor”); and 

PT Perusahaan Gas Negara (Persero) Tbk, a state-owned limited liability company established under Indonesian Government Regulations and having its principal
office at JI. K.H. Zainul Arifin No. 20, Jakarta 1140, Indonesia (the “Company”) 
 Recitals 

 

	A.	The Company has entered into an amended and restated lease, operation and maintenance agreement dated [—] (the “LOM”) with [insert name of Owner]
(“Transferor”) and an umbrella agreement dated [—] with the Transferor and PT Rekayasa Industri (the “Umbrella Agreement”) and together with the LOM, the
“Original Agreements”). 

  

	B.	Under the LOM, the Transferor agrees to lease to Company, and operate and maintain, a floating storage and regasification unit and procure a mooring system in connection with the Lampung LNG Floating Storage and
Regasification Facilities Project. 

  

	C.	Under the Umbrella Agreement, the Transferor agreed to assume joint and several liability for certain obligations. 

  

	D.	By a novation agreement dated [—] (the “Novation Agreement”), the Transferor is released from all its obligations and liabilities and transfers all of
its rights under the Original Agreements to [insert name of Indonesian Owner] (the “Owner”), and the Owner assumes the Transferor’s obligations, liabilities and rights under the Original Agreements. The Original Agreements as
novated in accordance with the Novation Agreement shall be referred to as the “Agreements”. 

  

	E.	The Guarantor has agreed to guarantee to the Company the due and proper performance by the Owner of all the Owner’s obligations and liabilities under the Agreements (the “Guaranteed Obligations”)
on the terms of this deed. 

 Operative provisions 
  

	1.	Guarantee 

 The Guarantor hereby: 

 

	 	(a)	agrees and guarantees to the Company, as an independent and primary obligor and not only as surety, that if the Owner breaches any of the Guaranteed Obligations, then the Guarantor shall on the Company’s demand
perform that Guaranteed Obligation in place of the Owner; 

  
 78 

	 	(b)	acknowledges and agrees that no variation of or alteration to the terms of the Guaranteed Obligations or to their extent, nature or method of performance, and no allowance of time, waiver, forbearance, forgiveness,
indulgence, compromise or other dealing under or in connection with the Agreements or any right or remedy arising thereunder, and no invalidity, illegality, unenforceability or irregularity of the Agreements or of any provision thereof, and no other
act, omission or default which (but for this provision) might have operated to release, exonerate or discharge the Guarantor or otherwise reduce, extinguish or adversely affect any liability of the Guarantor under the terms of this deed shall in any
way release, exonerate or discharge the Guarantor from any liability under the terms of this deed or otherwise reduce, extinguish or adversely affect any such liability, and the Guarantor hereby waives any requirement for notice to it of any such
event; 

  

	 	(c)	confirms that it has full power and capacity to enter into this deed and agrees that this deed shall not be revocable by the Guarantor, shall be a continuing guarantee, shall be additional to and not in substitution for
any rights or remedies that the Company may have against the Owner under the Agreements or at law, shall be additional to any other guarantee or security from time to time held by the Company, shall not be affected by any release or waiver of any
such guarantee or security and shall remain in full force and effect notwithstanding the winding-up, liquidation, receivership, administration, voluntary arrangement or other composition with creditors (or any event equivalent or analogous to any of
the foregoing under the law of any jurisdiction) of the Owner or if the Owner is unable to pay its debts (as defined by sections 123(1) and 268(1) of the Insolvency Act 1986, as amended); 

 

	 	(d)	agrees that all sums payable by the Guarantor under this deed shall be paid to the Company in full, free of all present or future taxes, levies, duties, charges, fees, withholdings or deductions (together referred to as
“Deductions”) and, if the Guarantor is compelled by law to make any Deduction, the Guarantor will gross-up the payment so that the net sum received by the Company is equal to the full amount which the Company would have received had
no such Deduction been made; 

  

	 	(e)	agrees that, as long as the Owner remains under any actual or contingent liability under the terms of the Agreements, it shall not take any security from the Owner in connection with this deed (and, if taken, any such
security shall be held by the Guarantor as security for its liability to the Company under this deed) or take any step to enforce any right or claim against the Owner in respect of any payment made under or liability arising from or in connection
with this deed or exercise any rights as Guarantor in competition with the Company; 

  
 79 

	 	(f)	agrees that the obligations of the Guarantor under this deed and the Owner under the Agreement are independent and several obligations, and accordingly that the Company shall not be obliged, before enforcing any of its
rights or remedies under this deed, to commence proceedings or take any other action against the Owner or enforce any other guarantee or security from time to time held by the Company in respect of the Guaranteed Obligations; and 

 

	 	(g)	agrees that the Company shall be entitled to assign any or all of its rights or benefits under this deed (whether or not accrued) at any time to any person who takes an assignment of any of the rights under the
Agreements or the benefit thereof, subject mutatis mutandis to the same terms. 

  

	2.	Claims procedure 

  

	 	(a)	Any demand under this deed shall be in writing and shall be served personally or by first class pre-paid post or by fax. The address, fax number and attention for service of any demand upon the Guarantor shall be the
address, fax number and attention stated in clause 2(c) below or such other address, fax number or attention as may from time to time be notified in writing by the Guarantor to the Company. 

 

	 	(b)	A demand shall be deemed to be received in the case of: 

  

	 	(i)	pre-paid post, on the day it is received; 

  

	 	(ii)	delivery by hand, when so delivered; and 

  

	 	(iii)	fax, upon the receipt by the sender of a transmission report from the dispatching fax which confirms that all of the pages comprised in the demand have been successfully sent to the Guarantor’s fax number,

 provided that, in the case of service in accordance with clauses 2(b)(ii) and 2(b)(iii), if the date of receipt of the
demand is not a business day in the country of the recipient, or if the demand is received outside the hours of 9.00 a.m. to 5.00 p.m., it shall be deemed to have been received at 9.00 a.m. on the next business day. 

 

	 	(c)	The address, fax number and attention for service of demands upon the Guarantor are: 

 Address:
[insert details] 
 Fax No.: [insert details] 

Attention: [insert details] 

  
 80 

	3.	No waiver and provisions severable 

  

	 	(a)	No failure or delay by the Company in exercising any right or remedy shall operate as a waiver, nor shall any single or partial exercise or waiver of any right or remedy preclude its further exercise or the exercise of
any other right or remedy. 

  

	 	(b)	Each of the provisions of this deed is severable from the others, and if for any reason any such provision is or becomes ineffective, inoperable, invalid or unenforceable it shall be severed and deemed deleted from this
deed, and in such event the remaining provisions of this deed shall continue to have full force and effect. 

  

	4.	Governing law and forum 

  

	 	(a)	This deed shall be governed by the laws of the England. 

  

	 	(b)	Any dispute arising out of or in connection with this deed, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration in Singapore in accordance
with the Arbitration Rules of the Singapore International Arbitration Centre (“SIAC Rules”) for the time being in force, which rules are deemed to be incorporated by reference in this clause. 

 

	 	(c)	The Tribunal shall consist of three arbitrators. 

  

	 	(d)	The language of the arbitration shall be English. 

  

	 	(e)	[An arbitral tribunal constituted under this clause 4 may, unless consolidation would prejudice the rights of any party, consolidate arbitration hereunder with arbitration under the LOM and/or the Umbrella Agreement if
the arbitral proceedings raise common questions of law or fact. If two or more arbitral tribunals under this deed or the LOM and/or the Umbrella Agreement issues consolidation orders, the order issued first shall prevail.] 

 

	 	(f)	The decision of the arbitration is final and binding on the parties. No party may bring an appeal to any court or other authority in relation to the decision of the arbitration. Except to enforce the decision of the
arbitration, no party may bring any action in any court in Indonesia or elsewhere in relation to the Dispute. 

  

	5.	Counterparts 

 This deed may be executed in any number of counterparts, each of which when
executed shall be an original, and all the counterparts together shall constitute one and the same instrument. 

  
 81 

	6.	Confidentiality 

 Each party hereby undertakes to maintain the confidentiality of this deed and
may only disclose (except with the written consent of the other party, such consent not to be unreasonably withheld or delayed) this deed to: 
  

	 	(a)	its Affiliates (as defined in the LOM), its and its Affiliates’ officers, management personnel, and financial (including auditing and taxation), insurance, and legal advisors to the extent reasonable necessary for
the purposes of the Agreement and this deed; 

  

	 	(b)	Permitted Creditors (as defined in the LOM); and 

  

	 	(c)	a competent court, or for the purposes of any arbitration, or expert or other dispute resolution proceeding under this deed or the Agreements, or as may be required by law or any competent legal or regulatory authority
having jurisdiction over that party. 

  

	7.	Governing Language 

  

	 	(a)	This deed is executed in the English language. In compliance with Law No. 24 of 2009 regarding National Flag, Language, Emblem and Song, the parties agree to translate this agreement into the Indonesian language
within 90 days as of the date of this deed or any other date as agreed between the parties. The Indonesian language agreement shall have the date of this deed as its effective date. Such Indonesian language version shall form an integral and
inseparable part of the English version. In the event of inconsistencies or differences in interpretation between the English and Indonesian texts, the English version shall prevail and the relevant Indonesian version shall be deemed to be
automatically amended to conform with and to make the relevant Indonesian text consistent with the relevant English text. 

  

	 	(b)	Furthermore, each party agrees it will not cite or invoke Law 24/2009 or any regulation issued thereunder, or claim that the fact this deed was executed in the English language only, to: 

 

	 	(i)	defend its non-performance or breach of its obligations under this agreement; or 

  

	 	(ii)	allege that this deed is against public policy or otherwise does not constitute its legal, valid and binding obligations, enforceable against it in accordance with its terms. 

IN WITNESS WHEREOF, this instrument has been executed and delivered as a deed. 

  
 82 

 SCHEDULE 10 FINANCING REQUIREMENTS 

 

	1.	In this Schedule: 

 “Permitted Creditors” means Persons (including financial
institutions, multilateral agencies and export credit agencies) who at the relevant time have provided or are committed to provide debt financing and/or hedging arrangements pursuant to the Financing Agreements or any agent or trustee for such
persons; 
 “Financing Agreements” means at the relevant time: 

 

	 	(a)	all bonds, notes or other debt instruments or securities; loans, guarantees, letters of credit or other credit facilities; finance or capital leases; interest, currency or commodity swaps, caps, collars, floors or other
hedging agreements (including, without limitation, options relating to any of the foregoing); and all other agreements or instruments creating or evidencing indebtedness for borrowed money, entered or to be entered into between Owner and/or the
Indonesian Owner and/or any Affiliate thereof and the Permitted Creditors in connection with the financing or refinancing of the FSRU (all such financing and refinancing, the “FSRU Financing”); and 

 

	 	(b)	the security documents, intercreditor agreements, co-ordination agreements, and other ancillary agreements required pursuant to any of the agreements or instruments referred to in paragraph (a) above.

  

	2.	It is understood and agreed that the Initial Owner and/or the Indonesian Owner and/or any Affiliate thereof may obtain FSRU Financing from Permitted Creditors which includes, without limitation, commercial banks and
export credit agencies and through the issuance of debt securities in the capital markets. In connection with any FSRU Financing, Company shall, if so requested by Owner: 

 

	 	(a)	deliver to the relevant Permitted Creditors or the agent or trustee acting on behalf of the relevant Permitted Creditors (the “Lenders’ Agent”) certified copies of its constitutional documents,
incumbency certificates relating to the Company, financial statements, and such other items as such Permitted Creditors or the Lenders’ Agent may reasonably request and agreed to be provided by Company taking into account confidentiality and
regulatory restrictions but acting reasonably; and 

  

	 	(b)	provide all publicly available information in the Company’s possession reasonably requested by the relevant Permitted Creditors or the Lenders’ Agent to facilitate such FSRU Financing. 

  
 83 

	3.	Company acknowledges and agrees that Owner may collaterally assign any of its rights under the agreement of which this schedule forms part (the “Agreement”) to the Lenders’ Agent as security for
its obligations to the relevant Permitted Creditors. Company agrees that upon notice of such collateral assignment it shall enter into a direct agreement with the Lenders’ Agent (the “Quiet Enjoyment Agreement”) pursuant to
which Company shall agree: 

  

	 	(a)	that the Lenders’ Agent shall be entitled to exercise all rights and to cure any defaults of Owner under the Contract and the Agreement and Company shall accept such exercise or cure as though it had been done by
the Owner; 

  

	 	(b)	that Company shall not, without the prior written consent of the Lenders’ Agent (such consent not to be unreasonably withheld or delayed): 

 

	 	(i)	consent to or accept any cancellation or termination of the Agreement by Owner, or 

  

	 	(ii)	amend the Agreement in any material respect; 

  

	 	(c)	that Company shall not make any demands under the Agreement on account of any default by Owner without giving prior written notice to the Lenders’ Agent and providing to the Lenders’ Agent an opportunity to
cure such default; and 

  

	 	(d)	that Company shall execute such further agreements and documents reasonably requested by the Owner (on behalf of the Lenders’ Agent) providing assurances and other protections to the relevant Permitted Creditors in
furtherance of the provisions set out in this paragraph 3. 

  

	4.	Company further agrees (and will agree with the Permitted Creditors in the Quiet Enjoyment Agreement) that if the relevant Permitted Creditors succeed to the interests of Owner by exercise of security, foreclosure or
otherwise, Company shall continue to perform all of its obligations under the Agreement and shall recognise the relevant Permitted Creditors or any substitute entity nominated by the Permitted Creditors in the place of Owner. 

  
 84 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

SCHEDULE 11 DELIVERY PROTOCOL 
  

	1.	Owner shall notify Company on FSRU’s arrival in Lampung in accordance with the terms of this agreement. 

  

	2.	Company shall be ready to procure delivery of, and shall deliver LNG to the Vessel, and Owner shall take that LNG, within a reasonable period after issue of the Notice of Readiness. 

 

	3.	Owner shall: 

  

	3.1	give Company reasonable notice of when it is ready to discharge Regasified LNG at the Delivery Point for performance of the Acceptance Tests, and Company shall as soon as reasonably practicable and in any event no later
than ***** hours thereafter notify Owner of its readiness to take Regasified LNG and shall procure that one or more Downstream Offtakers then take, that Regasified LNG; and either party may refer a dispute as to what is reasonable for the purposes
of this paragraph to an Expert for determination; and 

  

	3.2	perform commissioning of FSRU&M and Pipeline System, as the first part of the Acceptance Test, in order to deliver Regasified LNG to Downstream Offtakers. 

 

	3.3	The Performance Test and Reliability Test (and any repetition thereof) will be conducted upon the completion of the commissioning in accordance with section 3.2 of this Schedule 11, and will be undertaken to determine
if the FSRU&M meets the Acceptance Minimum Requirements for the purposes of this agreement. 

  

	4.	The Performance Test will be in accordance with the following principles: 

  

	4.1	Regasification 

 The Performance Test shall verify the following: 

 

	 	4.1.1	Send-out rate of 240 MMscfd at the Delivery Point for four hours. 

  

	 	4.1.2	Send-out from each LNG regasification train operating alone of 45 MMscfd for four hours. 

  

	 	4.1.3	Send-out from each LNG regasification trains operating alone of 120 MMscfd for four hours. 

  

	 	4.1.4	Actual time required for ramp-up of the regasification send-out rate from 0 MMscfd to 240 MMscfd to be observed and recorded. 

  

	 	4.1.5	Actual time required for ramp-up and ramp-down of the regasification send-out rate between minimum and maximum send-out rate to be observed and recorded. 

 

	 	4.1.6	A lapse time of no more than two hour ramping up from minimum send-out rate (45 MMscfd) to maximum send-out rate (240 MMscfd). 

  
 85 

	 	4.1.7	A lapse time of no more than two hours ramping down from maximum send-out rate to minimum send out rate. 

  

	 	4.1.8	That the new send out rate has stabilized within two hours of reaching the ramped up or ramped down send out rate. 

  

	4.2	Delivery Point 

 The Performance Tests shall test for an operating send out pressure of 1140
psi(g) or such pressure as is mutually agreed and a temperature of 65°F at all regasification flow rates at the Delivery Point. 
  

	4.3	LNG Loading Rate 

 The Performance Test shall test for a loading rate of 5,000 m3/h through
Flexible Hoses with min 4.4 bar(g) LNG delivery pressure at the hose connection for 6 hours. 
  

	4.4	Boil-off Recondenser System 

 The Performance Tests shall test for a guaranteed boil off
recondenser system capacity of 8 t/hr at gas send-out rate of 240 MMscfd. The test is only possible to complete if there is sufficient boil off available requiring utilization of the full capacity of the re-condenser. If this is not the case, the
test shall be deemed completed as long as the re-condenser is capable of re-condensing the volume required under the given boil off gas balance, up to maximum 8 t/hr at a gas send-out of 240 MMscfd. 

 

	4.5	Fuel Consumption 

 The Performance Tests shall verify fuel consumption, when at the Mooring and
regasifying LNG at a rate of 240 MMscfd shall not to exceed the Maximum Fuel Consumption Rate for a send-out rate of 240 MMscfd. 
  

	4.6	Sea Water Test 

 For the duration of the Performance Test the Owner shall measure the average
temperature difference between seawater inlet and seawater discharge points over the duration of the testing, is eight degrees Celsius or less for all modes of the FSRU’s regasification plant operation in order to prevent the temperature
difference being more than five degrees Celsius at 500 meter radius from FSRU. Owner will have the opportunity to in lieu of measuring the average temperature difference between seawater inlet and outlet to measure the temperature difference at a
500 meter radius from the FSRU. 
  

	4.7	Testing Guidelines: 

  

	 	4.7.1	LNG Quality: Process LNG quality will be in the range as specified in Schedule 1 Part B. 

  
 86 

	 	4.7.2	Instrumentation: Performance Test runs shall be conducted with calibrated and validated instruments. 

  

	 	4.7.3	Duration: The time duration of each Performance Test shall be that specified above to reach stable conditions with no upsets or trips. 

 

	 	4.7.4	Participants: The test runs shall be carried out by the Owner, witnessed by representatives of the Company and, if required by the Law, any Government Authority representative. 

 

	5.	Test Variables: 

 The Performance Tests will describe: 

 

	 	•	 	a clear set of test and reference conditions; a clear set of the acceptance criteria and provision for “punch list” items to be resolved following Acceptance; 

 

	 	•	 	a clear protocol on which instruments will be used for measurement; 

  

	 	•	 	a summary of instruments that are being used for the Performance Tests; 

  

	 	•	 	the test duration; 

  

	 	•	 	how rate increases will take place with hold points; 

  

	 	•	 	measurement criteria to confirm that the system process is stabilized prior to a rate change/increase; 

  

	 	•	 	criteria to compare the actual test run results to the design figures; 

  

	 	•	 	the process and utility variables to be measured/ recorded in order to ensure that the system is operating within the environmental permit conditions; 

 

	 	•	 	the operating envelope of the FSRU, such as heel and material balances, pump curves, and vaporizer performance curves; and 

  

	 	•	 	that the alarm status of process and equipment is recorded during the test run period to verify that the performance is achieved under normal operating conditions. 

 

	6.	The Reliability Test will be in accordance with the following principles: 

 The
“Reliability Test” shall be a continuous period of operation of the FSRU&M to demonstrate the sustained send out capacity of the FSRU&M in accordance with Acceptance Minimum Requirements. The Reliability Test shall be a
period of 24 hours and the acceptance criteria shall include the following: 
  

	 	•	 	there shall be no unplanned shutdowns; 

  

	 	•	 	Nominations shall be in accordance with the Nomination Procedure; 

  
 87 

	 	•	 	Owner shall use reasonable endeavours to deliver the Regasified LNG in accordance with the Nominations and no Warranty Compensation shall be payable by Owner; and 

 

	 	•	 	the cost of all fuels and bunkers, consumed by the FSRU while the FSRU is undergoing the Reliability Test, shall be borne by Company. 

  
 88 

 SCHEDULE 12 PURCHASE TERMS 

 

	1.	Definitions and Interpretation 

  

	1.1	In this Schedule (the “Purchase Terms”) except where the context otherwise requires: 

“Buyer” means Company. 

“Completion” means the completion of the sale and purchase of the FSRU in accordance with the Purchase Terms. 

“Completion Date” means the date on which Completion occurs. 

“Deposit” has the meaning given to that expression in Clause 3 of these Purchase Terms. 

“FSRU Assets” means: 
  

	 	(a)	the FSRU; 

  

	 	(b)	the property described in Clause 8 of these Purchase Terms; and 

  

	 	(c)	a non-exclusive, non-transferable, royalty free, perpetual, irrevocable licence to use the Intellectual Property Rights relating to the FSRU for the purpose of operating and maintaining the FSRU, to the extent required,
and which Owner is entitled so to licence without infringing any Law or obligation owed to a third party. 

 “Permitted
Encumbrances” means workmen and vendor liens arising in the ordinary course of business, in each case with respect to obligations or claims which are either not delinquent or are being contested in good faith. 

“Purchase Price” means the amount determined under Appendix I of these Purchase Terms (less any amount already paid in or
payable respect of the Owner Breach Termination Amount, the Vessel FM Termination Amount; the Non-Vessel FM Termination Amount or the Company Breach Termination Amount, as applicable). 

“Related Parties” means, in respect of a Person, 
  

	 	(a)	Affiliates of such Person; and 

  

	 	(b)	the respective directors, trustees, officers, employees, advisors and other agents and representatives of such Person or any Affiliate of such Person. 

“Party” means Owner or Buyer, as the case may be (and “Parties” shall be construed accordingly). 

 

	1.2	Expressions defined or referred to in the agreement to which this Schedule is appended (the “Agreement”) have the same meaning when used in the Purchase Terms, except where the context otherwise
requires. 

  
 89 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	1.3	Unless the context otherwise requires, clause 1.2 of the Agreement shall apply as if set out in the body of these Purchase Terms, save that references to “Clauses” in these Purchase Terms are to the relevant
clause of these Purchase Terms and references to an “Appendix” is to the relevant appendix of the Purchase Terms. 

  

	2.	Purchase Price 

 Company will on Completion pay to Owner in immediately available funds,
free of bank charges without set-off or deduction the aggregate of the Purchase Price less the Deposit to the extent paid under Clause 3 to an account in the name of Owner or its nominee (to be notified to Buyer by Owner within a reasonable period
before Completion). 
  

	3.	Deposit 

 As security for the correct fulfilment of this Agreement the Buyer shall pay a
non-refundable deposit of *****% of the Purchase Price (the “Deposit”) within ***** Banking Days from the date when the Exercise Notice is received by Owner. The Deposit shall be placed with a bank nominated by Owner and held in a
joint account for the Owner and the Buyer. Interest, if any, shall be credited to the Buyer. Any fee charged for holding the said Deposit shall be borne equally by the Owner and the Buyer. 

 

	4.	Sale and Purchase 

  

	4.1	On Completion: 

  

	 	(a)	the Purchase Price (less the Deposit to the extent paid under Clause 3) shall be paid in full free of bank charges to Owner’s nominated account on delivery of the FSRU; 

 

	 	(b)	in consideration of receipt of the Purchase Price, Owner shall transfer the FSRU Assets to Buyer and Buyer shall purchase, assume and take title to the FSRU Assets; and 

 

	 	(c)	Buyer and Owner shall complete the sale of all FSRU Assets (including entering into all necessary documents and formulation required under Indonesian law), in accordance with these Purchase Terms. 

 

	5.	Completion 

  

	5.1	Completion will take place on the date specified in the Exercise Notice, which date shall be no later than the end of the Lease Period and no earlier than the ***** day after the date that Owner received the Exercise
Notice (“Intended Completion Date”). 

  

	6.	Title and Risk 

  

	6.1	Title, rights and interest in the FSRU Assets shall pass to Company on Completion. 

  

	6.2	Without limiting Clause 6.1, should the FSRU become an actual, constructive or compromised total loss before Completion, the Exercise Notice and the Purchase Terms shall cease to have effect. 

  
 90 

	7.	Delivery of FSRU 

  

	7.1	Subject to Buyer complying with Clauses 2 and 3, Owner shall deliver to Buyer, and Buyer shall accept delivery of and take over, the FSRU [at the Mooring]1 or such
other place as the parties agree on Completion. 

  

	8.	Spares and Miscellaneous 

  

	8.1	Owner shall deliver free of charge to Buyer, and Buyer shall accept delivery of and take over, on Completion: 

  

	 	(a)	all lubricating oil, water and un-broached provisions, paints, oils, ropes and other consumable stores on the FSRU; 

  

	 	(b)	all relevant FSRU spare parts on-board the FSRU, but spares on order are to be excluded. The Owner is not required to replace spare parts which are taken out of spares and used as replacement prior to delivery, [at the
Mooring] or such other place as the parties agree. 

  

	8.2	Owner has the right to take ashore crockery, plates, cutlery, linen and other property bearing Owner’s flag or name. 

  

	8.3	Notwithstanding anything in these Purchase Terms to the contrary, the sale of the FSRU Assets shall not include any hired, leased or other third-party equipment (including without limitation the personal belongings of
the Captain, the Officers and the Crew, including without limitation the slop chest). 

  

	8.4	The following shall not be FSRU Assets: 

  

	 	(a)	artwork, decorations, ornaments and other items of sentimental value to the Owners; and 

  

	 	(b)	other similar items to be agreed between Owner and Buyer. 

  

	9.	Documentation 

  

	9.1	In exchange for payment of the Purchase Price, Owner shall furnish Buyer with the following documents on Completion: 

  

	 	(a)	Legal Bill of Sale of the Vessel in favour of Buyer duly notarially attested (both as to signature and authorisation) and legalised in the FSRU’s country of registration. 

 

	1 	Completion will not occur at the Mooring if it is not built or the FSRU has been relocated, and the Purchase Terms will be amended accordingly. 

  
 91 

	 	(b)	Current certificates of ownership (Grosse Akte) issued by the Registry. 

  

	 	(c)	Classification certificate(s), as well as all plans and related documentation that are on board the FSRU. 

  

	 	(d)	Other certificates and other technical documentation that are on board the FSRU such as Certificate of Tonnage and Measurement (Surat Ukur), Indonesian Vessel Nationality Certificate (Surat Laut), Safety
Certificate (Sertifikat Keselamatan) , unless Owner is required to retain the same, in which case Buyer has the right to take copies. 

  

	 	(e)	Equipment lists for the FSRU and other FSRU Assets. 

  

	 	(f)	Copies of the FSRU’s log books. 

  

	 	(g)	Any additional documents as may reasonably be required by Buyer or the Relevant Authorities for the purpose of registering the FSRU, provided that company or buyer notifies Owner of any such documents as soon as
possible after the date of these Purchase Terms. 

  

	9.2	Completion will take place at Owner’s offices in Jakarta, or such other place that the parties reasonably agree. 

  

	9.3	If Company requires that Owner continue to operate and maintain the FSRU under Clause 3.4 of the agreement, each party shall on Completion deliver to the other a counterpart of the O&M Terms duly executed by it.

  

	10.	Encumbrances 

 The FSRU Assets shall be delivered by Owner to Buyer free of all
Encumbrances, third party charter and any other debts other than Permitted Encumbrances. 
  

	11.	Condition on Completion 

 The FSRU Assets shall be delivered and taken over as they are
at the time of Completion. To the maximum permitted by law, all implied warranties are excluded. 
  

	12.	Name and Markings 

 Buyer shall, upon delivery, change the name and remove all markings
from the FSRU referring to Owner or its Affiliates, including Owner’s and its Affiliates’ logos and trademarks. 

  
 92 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

Appendix I - Purchase Price 
 The Purchase
Price shall be the amount in the table below that corresponds to the anniversary of the Delivery Date that immediately precedes the Intended Completion Date under the Purchase Terms. 

 

			
	 Anniversary of the Delivery Date
	  	 Purchase Price (in US dollars)

	Third	  	*****
	Fourth	  	*****
	Fifth	  	*****
	Sixth	  	*****
	Seventh	  	*****
	Eighth	  	*****
	Ninth	  	*****
	Tenth	  	*****
	Eleventh	  	*****
	Twelfth	  	*****
	Thirteenth	  	*****
	Fourteenth	  	*****
	Fifteenth	  	*****
	Sixteenth	  	*****
	Seventeenth	  	*****
	Eighteenth	  	*****
	Nineteenth	  	*****
	Twentieth	  	*****
	Twenty First	  	*****
	Twenty Second	  	*****
	Twenty Third	  	*****
	Twenty Fourth	  	*****
	Twenty Fifth	  	*****
	Twenty Sixth	  	*****
	Twenty Seventh	  	*****
	Twenty Eighth	  	*****
	Twenty Ninth	  	*****
	Thirtieth	  	*****

  
 93 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

SCHEDULE 13 NOMINATION PROCEDURE 
  

	1.	Nominations 

  

	1.1	All notices for, and variations to, a Nominated Quantity shall be served by Company on the Owner in compliance with the requirements set out in this schedule. 

 

	1.2	All notice to be served on the Owner in accordance with the provisions of this Schedule shall be made on Owner’s internet based nominations system (in the form prescribed thereby from time to time) or, if such
system is not then working or is otherwise unavailable, by electronic mail (in such form as Owner may require and provided that Company receives confirmation from Owner that the electronic mail is received) or by such other method as the Parties may
agree in writing. 

  

	2.	Daily Nomination Notice and Variation to Nominated Quantity 

  

	2.1	Subject to section 2.5 below, the Company shall on each day, by 17.00 hours, notify the Owner of: 

  

	 	(a)	the quantity of Regasified LNG to be delivered from FRSU under the agreement (the “Nominated Quantity”) required to apply from 00:00 hours until 23:59:59 hours of the Day after that day;

  

	 	(b)	Nominated Quantity for each of next succeeding ***** Days; and 

  

	 	(c)	Company’s best estimate of the rate of flow of gas, in the form of a 24-hour flow profile, at which Company’s offtaker(s) expect to take gas during each hour during the Day in respect of the Nominated Quantity
specified in section 2.1.(a) and (b) (the “Daily Estimates”), and Owner shall only be obliged to use reasonable endeavours to satisfy Daily Estimates as a reasonable and prudent operator. 

(the “Daily Nomination Notice”). 
  

	2.2	If a Daily Nomination Notice is not served by the Company in accordance with section 2.1 of this schedule, then the Company shall be deemed to have served a Daily Nomination Notice in accordance with section 2.1 of this
schedule in which the Nominated Quantities and Daily Estimates for the following Day and the next succeeding ***** Days shall be equal to such quantities and flow rates of Gas specified in respect of each of those Days in the last Daily Nomination
Notice served by Company under section 2.1 of this schedule. The Nominated Quantity and Daily Estimate for each Day thereafter shall be equal to such quantities and flow rates of Regasified LNG specified for the last Day of the most recent Daily
Nomination Notice until such time as the Company serves notice in accordance with section 2.1 of this schedule. 

  

	2.3	 Subject to section 2.5 below, for the purpose of varying a Nominated Quantity and/or its Daily Estimates notified or deemed to have been notified in
respect of a Day, the Company shall notify the Owner of such change not later than ***** hours before the 

  
 94 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	 	
hour to which the variation applies; provided that Owner shall only be obliged to use reasonable endeavours to satisfy such change as a reasonable and prudent operator, and no Regasification Flow
Rate Warranty Compensation shall apply in respect of that Day. 

  

	2.4	Each variation made to the Nominated Quantity for a Day shall, if notified in accordance with section 2.3, supersede the Nominated Quantity for such Day previously notified or deemed to have been notified.

  

	2.5	In no circumstance shall anything oblige Owner to cause, and no notice may be given hereunder to the effect, that the Regasification Flow Rate be less than 45 MMscf per day or exceed the Guaranteed Regasification Flow
Rate, nor that the Regasification Flow Rate be varied more rapidly than the Guaranteed Flow Rate Modulation. 

  

	3.	Annual Nomination and Rolling Monthly Nominations 

  

	3.1	Subject to section 3.3, not later than ***** days before the start of the Delivery Date, Company shall notify Owner of the Nominated Quantity it reasonably expects to nominate under section 2.1 of this Schedule for each
Day in that Contract Year. 

  

	3.2	Subject to section 3.3, not later than ***** days before the start of each calendar month during the Lease Period, Company shall notify Owner of: 

 

	 	(a)	its update of the estimated Nominated Quantity it reasonably expects to nominate under section 2.1 of this Schedule for each Day in the succeeding 12 calendar months; and 

 

	 	(b)	the estimated Daily Estimate it reasonably expects to nominate under section 2.1 of this Schedule for each Day in the succeeding one calendar month. 

 

	3.3	Notifications given under this section 3 are intended to assist the parties in planning their respective operations only, and do not constitute a binding nomination given under section 2 of this Schedule; and Owner
shall not be required to deliver Regasified LNG in response to a notification given under this section 3. 

  

	4.	This Schedule 13 may be supplemented by an operating procedure or otherwise modified from time to time by agreement in writing of the parties. 

  
 95 

 SCHEDULE 14 CONSENTS 

Table A: Permits and consents obtained by Company for the implementation and operation of the Project. 

 

							
	 No.
	  	 Permit
	  	 Issued by
	  	 Responsibility

	1	  	Temporary Commercial Business License of Natural Gas which has no Distribution Network Facilities from Directorate General Oil and Gas	  	MIGAS	  	COMPANY
	2	  	Decision Permit of FSRU Location Point from Seacomm	  	Seacomm	  	COMPANY
	3	  	Location Permit from Bupati Lampung Timur	  	Bupati Lampung Timur	  	COMPANY
	4	  	Recommendation of Land Licensing Status of LNG Floating Terminal from Dinas Kehutanan, Pemerintah Provinsi Lampung	  	Dinas Kehutanan PemprovLampung	  	COMPANY
	5	  	Recommendation of Governor of Lampung	  	Governor of Lampung	  	COMPANY
	6	  	Recommendation of Spatial Plan from Badan Perencanaan Pembangunan Daerah (Bappeda) Kabupaten Lampung Timur	  	Bappeda Kabupaten Lampung Timur	  	COMPANY
	7	  	Principles Recommendation for the Development of LNG FSRU from Governor of Lampung	  	Governor of Lampung	  	COMPANY
	8	  	Recommendation forSubsea Pipe-laying, Mooring and FSRU Installation	  	Labuhan Maringgai Port Authority	  	COMPANY
	9	  	Environmental Feasibility Permit of the Ministry of Environment	  	Ministry of Environment	  	COMPANY
	10	  	 Location Permit for Special Terminal (Terminal Khusus/Telsus)

Ijin Penetapan Lokasi Terminal Khusus
	  	Seacomm	  	COMPANY
	11	  	 Construction Permit for Special Terminal (Terminai Khusus/Telsus)

Ijin Pembangunan Terminal Khusus
	  	Seacomm	  	COMPANY
	12	  	 Operation Permit for Special Terminal (Terminal Khusus/Telsus)

Ijin Pengoperasian Terminal Khusus
	  	Seacomm	  	COMPANY
	13	  	Environmental Impact Assessment Permit	  	Ministry of Environment	  	COMPANY

  
 96 

 Table B: Permits and consents to be obtained by Owner for the implementation and operation of the Project. 

 

							
	 No.
	  	 Permit
	  	 Issued by
	  	 Responsibility

	1	  	Shipping Business License (SIUPAL)	  	SEACOMM	  	OWNER
	2	  	Registration Statement (Surat Keterangan Terdaftar), to the extent required by applicable regulations	  	MIGAS	  	OWNER
	3	  	Measuring Tank use Permit (Izin Penggunaan Tangki Ukur)	  	MIGAS	  	OWNER
	4	  	 SKPP/SKPI
 Sertifikat Kelayakan Penggunaan
Peralatan/Sertifikat Kelayakan Penggunaan Instalasi
 (Certificate of Equipment Fitness For Use / Certificate of Installation Fitness For Use)

Safety Inspection of Installation and equipment and technologies used in oil and gas mining and geothermal resource exploitation
	  	MIGAS	  	OWNER
	5	  	Application to Import Goods (Vessel) from Directorate General of Customs and Excise	  	CUSTOM & EXCISE	  	OWNER
	6	  	PPH Tax Free Certificate (Surat Keterangan Bebas Pajak PPN) from Tax Office	  	CUSTOM & EXCISE	  	OWNER
	7	  	Use of Indonesian Flag (Penggunaan Bendera Kapal)	  	SEACOMM	  	OWNER
	8	  	Ship’s Registration (Pendaftaran Grosse Akta Kapal)	  	SEACOMM	  	OWNER
	9	  	Offshore Submarine Mooring Working Permit to be obtained by the Mooring installation contractor	  	SEACOMM	  	OWNER
	10	  	Dispensation for foreign shipboard personnel	  	 - SEACOMM
 - IMMIGRATION

- MANPOWER
	  	OWNER

  
 97 

 SCHEDULE 15 TERMINATION AMOUNT AND ACQUISITION AMOUNT 

PART A 
 Termination
Payment Amounts 
  

	1.	Owner Breach Termination Amount 

 The “Owner Breach Termination Amount” shall
be: 
  

	 	(a)	if the Termination Acquisition Notice is issued and 50% Acquisition Terms agreed within the 50% Acquisition Period, the Acquisition Price; or 

 

	 	(b)	if the Company’s Termination Notice or Owner’s notice under Clause 26.3 is issued before the Mooring Price has been paid under Clause 2.12, the aggregate of all amounts paid or payable under the Mooring
Contract and other reasonable and reasonably documented costs incurred or to be incurred by Owner in connection with performance of its obligations in respect of the Mooring under this agreement as at the date of such notice, minus the amount of any
payment already made by the Company pursuant to Clause 2.12; or 

  

	 	(c)	in all other circumstances, nil. 

  

	2.	Vessel FM Termination Amount 

 The “Vessel FM Termination Amount” shall be:

  

	 	(a)	if the Termination Acquisition Notice is issued and 50% Acquisition Terms agreed within the 50% Acquisition Period, the Acquisition Price; or 

 

	 	(b)	if the Company’s Termination Notice is issued before the Mooring Price has been paid under Clause 2.12, the aggregate of all amounts paid or payable under the Mooring Contract and other reasonable and reasonably
documented costs incurred or to be incurred by Owner in connection with performance of its obligations in respect of the Mooring under this agreement as at the date of such notice, minus the amount of any payment already made by the Company pursuant
to Clause 2.12; or 

  

	 	(c)	in all other circumstances, nil. 

  

	3.	Non-Vessel FM Termination Amount 

  

	3.1	The “Non-Vessel FM Termination Amount” shall be: 

  

	 	(a)	if the Termination Acquisition Notice is issued and 50% Acquisition Terms agreed within the 50% Acquisition Period, the Acquisition Price; or 

 

	 	(b)	in all other circumstances, the amount calculated in accordance with the following table, subject to paragraph 3.2 below. 

  
 98 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

			
	 Timing of termination

(end of year)
	  	 Non-Vessel FM Termination Amount

(in US dollars)

	First Contract Year	  	*****
	Second Contract Year	  	*****
	Third Contract Year	  	*****
	Fourth Contract Year	  	*****
	Fifth Contract Year	  	*****
	Sixth Contract Year	  	*****
	Seventh Contract Year	  	*****
	Eighth Contract Year	  	*****
	Ninth Contract Year	  	*****
	Tenth Contract Year	  	*****
	Eleventh Contract Year	  	*****
	Twelfth Contract Year	  	*****
	Thirteenth Contract Year	  	*****
	Fourteenth Contract Year	  	*****
	Fifteenth Contract Year	  	*****
	Sixteenth Contract Year	  	*****
	Seventeenth Contract Year	  	*****
	Eighteenth Contract Year	  	*****
	Nineteenth Contract Year	  	*****
	Twentieth Contract Year	  	*****
	Twenty First Contract Year	  	*****
	Twenty Second Contract Year	  	*****
	Twenty Third Contract Year	  	*****
	Twenty Fourth Contract Year	  	*****
	Twenty Fifth Contract Year 7	  	*****
	Twenty Sixth Contract Year	  	*****
	Twenty Seventh Contract Year	  	*****
	Twenty Eighth Contract Year	  	*****
	Twenty Ninth Contract Year	  	*****
	Thirtieth Contract Year	  	*****

  
 99 

 3.2 In calculating the Non-Vessel FM Termination Amount payable by Company to Owner in accordance with the table
above, if the date on which termination is effective does not coincide with the last day of the Contract Year in which it occurs, then: 
  

	 	(a)	the Non-Vessel FM Termination Amount shall be the amount in the table for the first Contract Year in respect of termination occurring at any time in the period starting with the Contract Date and ending with the end of
the first Contract Year; 

  

	 	(b)	the Non-Vessel FM Termination Amount shall be the amount in the table for the twenty-first Contract Year in respect of termination occurring at any time in that Contract Year; and 

 

	 	(c)	save as provided for in paragraphs 3.2(a) and 3.2(b), the Non-Vessel FM Termination Amount shall be a linear proration between the amount in the table for that year and the year before. 

 

	4.	Company Breach Termination Amount 

 The “Company Breach Termination Amount”
shall be: 
  

	 	(a)	if the Termination Acquisition Notice is issued and 50% Acquisition Terms agreed within the 50% Acquisition Period, the Acquisition Price; or 

 

	 	(b)	in all other circumstances, the same amount as determined for the Non-Vessel FM Termination Amount in paragraph 3.1(b) above. 

  
 100 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

PART B 
 50% Termination
Acquisition Terms 
  

	1.	If in accordance with Clause 26.4(d) either party by notice to the other (“Termination Acquisition Notice”) requires that negotiation of 50% Acquisition Terms is to begin, the Owner shall within *****
Banking Days make an offer setting out the key terms on which it would be willing to sell to the Company a 50% ownership interest in the FSRU free of Encumbrances (such terms, the “50% Acquisition Terms”) in accordance with the
following: 

  

	 	(a)	the price for that acquisition would be the Acquisition Price (less any amount already paid in respect of the Owner Breach Termination Amount, the Vessel FM Termination Amount; the Non-Vessel FM Termination Amount or
the Company Breach Termination Amount, as applicable); and 

  

	 	(b)	the Company after the acquisition would have economic obligations consistent with ownership of 50% of the FSRU free of Encumbrances but only the rights of a financial investor (to be agreed) including some rights to
protection (to be agreed) with respect to management of the FSRU, but otherwise with no rights to operational or management control. 

  

	2.	Thereafter the parties shall negotiate in good faith for ***** Banking Days with a view to concluding a sale by the Owner to the Company of a 50% ownership interest in the FRSU free of Encumbrances. 

 

	3.	Acquisition Amount 

  

	3.1	The “Acquisition Price” shall be calculated in accordance with the following table, subject to paragraph 3.2 below: 

 

			
	 Timing of termination

(end of year)
	  	 Acquisition Price

(in US dollars)

	First Contract Year	  	*****
	Second Contract Year	  	*****
	Third Contract Year	  	*****
	Fourth Contract Year	  	*****
	Fifth Contract Year	  	*****
	Sixth Contract Year	  	*****

  
 101 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 
  

			
	Seventh Contract Year	  	*****
	Eighth Contract Year	  	*****
	Ninth Contract Year	  	*****
	Tenth Contract Year	  	*****
	Eleventh Contract Year	  	*****
	Twelfth Contract Year	  	*****
	Thirteenth Contract Year	  	*****
	Fourteenth Contract Year	  	*****
	Fifteenth Contract Year	  	*****
	Sixteenth Contract Year	  	*****
	Seventeenth Contract Year	  	*****
	Eighteenth Contract Year	  	*****
	Nineteenth Contract Year	  	*****
	Twentieth Contract Year	  	*****
	Twenty First Contract Year	  	*****
	Twenty Second Contract Year	  	*****
	Twenty Third Contract Year	  	*****
	Twenty Fourth Contract Year	  	*****
	Twenty Fifth Contract Year	  	*****
	Twenty Sixth Contract Year	  	*****
	Twenty Seventh Contract Year	  	*****
	Twenty Eighth Contract Year	  	*****
	Twenty Ninth Contract Year	  	*****
	Thirtieth Contract Year	  	*****

  
 102 

	3.2	In calculating the Acquisition Price payable by Company to Owner, if the date on which termination is effective does not coincide with the last day of the Contract Year in which it occurs, then: 

 

	 	(a)	the Acquisition Price shall be the amount in the table for the first Contract Year in respect of termination occurring at any time in the period starting with the Contract Date and ending with the end of the first
Contract Year; or 

  

	 	(b)	save as provided for in paragraph 3.2(a), the Acquisition Price shall be a linear proration between the amount in the table for that year and the year before. 

  
 103 

 SCHEDULE 16 CONDITIONS OF USE 

[CONDITIONS OF USE FOR              TERMINAL 

I,
                                         the
Master 
 of LNG
                                         
                   , 
 owned by
                                         
                , 
 whose address is at
                                          ,

 Hereby acknowledge receipt of these Conditions of Use of
                     Port implementing the instructions and recommendations of
                     [Port Information and Regulations Manual] and agree to be bound by their terms. 

 

	1.	In these Conditions of Use, the following expressions shall have the meaning assigned to each of them: 

“Company” means [insert name of Owner and Company under this agreement]. 

“Port Facilities” mean all facilities, assets, equipment and installations of whatever nature existing at the Port as of the
date hereof, whether the same are fixed or movable, including, without limitation, the floating storage and Regasification unit and mooring system, the channel including buoys, berths, loading facilities, and any such or like facility, asset,
equipment or installation. 
 “Port Management” means........ 

“Port Services” mean any service, advice, instruction or assistance tendered or provided by the Port Management to Ship,
including, without limitation, by way of pilotage, towage, tug assistance, mooring or other navigational services, whether the same are provided for a consideration or free of charge. 

Other terms used in these Conditions of Use but defined in the Port Regulations shall have the same meaning assigned to them in the Port
Regulations unless the context otherwise dictates. 
  

	2.	These Conditions of Use shall apply in addition to the Port Regulations and any other laws, rules, conventions, regulations or procedures enacted, promulgated, declared, signed or issued by the
             (state?) or by the Port Management. 

  

	3.	The Master shall at all times and under all circumstances be responsible for the safe and proper operation and navigation of the Ship. Whilst the Company shall exercise every reasonable care, skill and diligence to
ensure the proper exercise and operation of the Port Services and the Port Facilities, the Company, nonetheless, makes no representation, guarantee or warranty as to the adequacy, suitability, fitness for purpose or safe conduct thereof.

  
 104 

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

 

	4.	The Master and the Owner shall be responsible for, indemnify and hold harmless the Company from and against all claims, losses, damages, delays, costs (including legal costs), expenses and liabilities of every kind and
nature resulting from any personal injury including fatal injury, illness or disease, however excluding any damages caused solely by Company’s negligence. 

  

	5.	The Master and the Owner shall be responsible for, indemnify and hold harmless the Company from and against all claims, losses, damages, delays, costs (including legal costs), expenses and liabilities of every kind and
nature resulting from any loss and/or damage to any property including, without limitation, the Port Facilities, however excluding any damages caused solely by Company’s negligence. 

 

	6.	The Master and the Owner shall be responsible for, indemnify and hold harmless the Company from and against all claims, losses, damages, delays, costs (including legal costs), expenses and liabilities of every kind and
nature resulting from any loss and/or damage to any third party, however excluding damages caused solely by Company’s negligence. 

  

	7.	If the Ship or any person on board or any object, thing, article, substance, equipment or installation of the Ship or on its board sinks, grounds or otherwise becomes or is likely to become, in the sole opinion of any
Port authorities, an obstruction, threat, hazard or danger to navigation, operations, safety, health, security or environment in or adjacent to the Port, then the Master and/or the Owner shall upon receiving the Port authorities’ request,
proceed immediately and without delay to clear, remove or deal with the obstruction, threat, hazard or danger within the period specified in the written notice served by the Port authority. 

 

	8.	Failing such immediate action by the Master and/or Owner, or if the said obstruction, threat, hazard or danger, in the sole opinion of the Port authority, is delaying, hindering, interfering with or in any way affecting
the navigation, operation, safety, health, security or the environment in or adjacent to the Port, then the Port Management (authority) shall be entitled to take all measures as the Port authority (Management) deems appropriate to clear, remove or
deal with the said obstruction, threat, hazard or danger, and the Master and Owner shall be responsible for, indemnify and hold harmless the Port Management from and against any claim, loss, damage, delay, cost, expense or liability associated
therewith. 

  

	9.	These Conditions of Use shall be construed, interpreted and applied in accordance with the State laws of Indonesia, and the parties named herein submit exclusively to the jurisdiction of the courts of Indonesia.

  

	10.	For the avoidance of doubt, any liability incurred by the Master and/or Owner by operation of these Conditions of Use shall be joint and several. 

 

	11.	Notwithstanding anything in these Conditions of Use to the contrary, the liability of the Owner and/or the Master shall not exceed USD ***** (United States Dollars *****) in the aggregate any one event.

  
 105 

	12.	The limit of liability set out in condition 11 shall not limit, restrict or prejudice any claim or right that the Company has or may have against the Master and/or Owner under general principles of law or equity. For
the avoidance of doubt, said limit of liability shall only apply with respect to, and to the extent of, claim by the Company against the Master and/or Owner under these Conditions of Use. 

 

			
	Signed and acknowledged:
		
	 By:
	 	                                     
                                        

		
	 Date:
	 	                                     
                                        

		
	 Time:
	 	                                     
                                       ]

  
 106 

 SCHEDULE 17 COMPANY SITE DATA 

The Site conditions, including but not limited to soil data, are based on the following reports issued by the Company as the Design Basis of the Mooring and
other relevant parts of the Project: 
  

			
	 DOCUMENT ID
	  	 DOCUMENT REFERENCE

	LNGC-CAL-1800-GT-RO-001	  	Geotechnical Survey Final Report
	LNGC-CAL-1800-GP-RO-001	  	Geophysical Survey Final Report
	LNGC-PGN-1800-SY-SI-001	  	Metocean Report
	LNGC-PGN-1800-SY-SI-002	  	Seismic Report
	LNGC-PGN-1800-SY-SI-004	  	Seismic Report Executive Summary
	LNGC-PGN-1800-SY-SI-005	  	Metocean Report Executive Summary

  
 107 

 SCHEDULE 18 O&M TERMS 

The O&M Terms shall be the provisions of the BIMCO SHIPMAN 2009 contract annexed to this Schedule (the “SHIPMAN Terms”), amended as
follows: 
  

	1.	[Clause 12 of Part II of the SHIPMAN Terms shall be deleted and replaced with the following provisions: 

  

	 	12.	Operating Expenses 

  

	 	(a)	The Owner shall pay the Managers the aggregate of the Operating Expenses, the Margin and Tax Amount for each Contract Year for their services as Managers under this Agreement, in accordance with clause 12(b) and
clause 13(c). 

  

	 	(b)	The Owner shall pay the Managers the Annual Budgeted Amount in equal monthly instalments (a “Monthly Instalment”) in advance, the first Monthly Instalment (pro rata) if appropriate
being payable on commencement of this Agreement and subsequent Monthly Instalments being payable at the beginning of every calendar month for the duration of the Agreement. All amounts payable to the Managers under this Agreement shall be paid to
its nominated account stated in Box 15. 

  

	 	(c)	The actual Operating Expenses shall be subject to an annual audit under clause 13(c) and the proposed Annual Budgeted Amount for each Contract Year shall be presented in accordance with clause 13(a).

  

	 	(d)	If the Owners decide to layup the Vessel and such layup lasts for more than 6 months, an appropriate reduction of the Operating Expenses for the period exceeding such period until one month before the Vessel is again
put into service shall be mutually agreed between the parties. If the Managers are providing crew management services in accordance with clause 5(a), consequential costs of reduction and reinstatement of the Crew shall be for the Owners’
account. 

  

	 	(e)	The Operating Expenses shall be determined without regard for any discounts, rebates, commissions or similar credits obtained directly or indirectly by the Managers or any of their Affiliates in the course of the
performance of the Management Services. 

  

	2.	Clause 13 of Part II of the SHIPMAN Terms shall be deleted and replaced with the following provisions: 

  

	 	13.	Budgets and Management of Funds 

  

	 	(a)	The Managers shall provide the Owner with its estimate of the aggregate of the Operating Expenses, Margin and Tax Amount (the “Annual Budgeted Amount’) in respect of the first Contract
Year upon signing of this Agreement, and subsequent budgets for each Contract Year thereafter shall be prepared by the Managers and presented to the Owners not less than three months before the end of the preceding Contract Year.

  
 108 

	 	(b)	If, during a Contract Year, the Managers expect the operating costs of the Vessel to exceed a Monthly Instalment then paid to the Managers by more than 8%, the Managers shall request the Owners in writing to pay the
funds required to run the Vessel for the ensuing month, including the payment of any occasional or extraordinary item of expenditure, such as emergency repair costs, additional insurance premiums, bunkers or provisions. Such funds shall be received
by the Managers within ten days after the receipt by the owners of the Managers’ written request. 

  

	 	(c)	The Managers shall at all times maintain and keep true and correct accounts in respect of the Management Services in accordance with the relevant International Financial Reporting Standards or such other standard as
the parties may agree, including records of all costs and expenditure incurred, and produce a comparison between budgeted and actual income and expenditure of the Vessel in such form and at such intervals as shall be mutually agreed.

  

	 	(d)	The Managers shall make such accounts available for inspection by its representatives and auditing under clause 13(e) in the Managers’ offices, or by electronic means, provided reasonable notice is given by the
Owners. 

  

	 	(e)	An audit (“Audit”) shall be performed (at the Owner’s sole cost) by an independent and internationally recognised firm of accountants appointed jointly by the Owner and Managers
within [insert] days after the end of each tax year during which amounts were payable under this Agreement, to determine whether amounts paid under this Agreement during the preceding Contract Year (the “Amounts Paid”)
differ from the aggregate of the actual Operating Expenses, the Margin and Tax Amount for that Contract Year. 

  

	 	(f)	If the Audit determines that: 

  

	 	(i)	the Amounts Paid exceed the Management Fee, the Managers shall reimburse such excess to the Owner’s nominated account within 30 days after the Audit; or 

 

	 	(ii)	the Management Fee exceeds the Amounts Paid, the Owners shall pay such excess to the Managers within 30 days of the Audit. This clause survives termination or expiry of this Agreement. 

 

	 	(g)	The Owner shall, upon signing of this Agreement, procure that a standby letter of credit (“SBLC”) be delivered in favour of the Managers by the same financial institution and on the
same terms, mutatis mutandis, as those required under clause 27.4 of the LOM Agreement, save that the aggregate principal amount of the SBLC shall be an amount not less than double the amount of Monthly Instalments. 

  
 109 

	 	(h)	The Owner shall ensure that the Managers have available to them for drawing under Clause 13(i) an enforceable SBLC for an amount of not less than double the amount of Monthly Instalments from the start of this
agreement until the 30th day after this agreement terminates or expires (“SBLC End Date”); and clause 27.5 of the LOM Agreement shall apply, mutatis mutandis, in respect of the SBLC. 

 

	 	(i)	The Managers may draw under the SBLC, or any cash collateral held by the Managers pursuant to Clause 13(h), amounts in aggregate not exceeding the aggregate of amounts due but unpaid to Owner under this Agreement.
The Managers shall, within seven days after the SBLC End Date, release the issuer of the SBLC from all obligations under it. 

  

	3.	The following defined expressions shall form part of the SHIPMAN Terms: 

 The
“Operating Expenses” shall, in respect of a Contract Year, comprise all costs of the Managers arising out of, or in connection with, its performance of this agreement during that Contract Year, including (without
limitation): 
  

	 	(a)	all costs incurred in relation to: manning and crewing; maintenance and repairs; consumables, services, new installations and stores; insurances; scheduled and unscheduled dry-docking, all class, flag-state and
regulatory authority requirements, security, inspections and approvals; and all other costs of operating, maintaining and managing the FSRU; and 

  

	 	(b)	a fee in respect of the Managers’ administration, including (but not limited to): salaries of office staff; general back office and support functions; the LNG fleet manager; information technology services;
maintenance and purchase systems; quality assurance; accounting; the maritime personnel department; security; office rental; travelling expenses; communication cost; other direct expenses with respect to the management and operation of the FSRU; and
other similar expenses. 

 The “Margin”, in respect of a Contract Year, shall be equal to
7% of the Operating Expenses for that Year. 
 The “Tax Amount”, in respect of a Contract Year, shall
be the aggregate of: (i) the Tax Liability payable in respect of sums it payable under this agreement; and (ii) an amount such that after payment of Tax Liability on the sums it receives under the agreement, it shall retain net of
Indonesian Taxes an amount equal to the aggregate of the Operating Expenses and Margin. 
 The “Tax
Liability”, in respect of a Contract Year, shall be an amount equal to the aggregate of all liability to Indonesian Taxes that the Managers incur in respect of that Contract Year, in connection with performing this agreement and/or
dividends and loan interest they pay. 
 “Indonesian Taxes” means all Tax imposed by any Indonesian
Governmental Authority. 

  
 110 

 “Tax” means all forms of taxation and statutory, governmental,
state, provincial, local governmental or municipal impositions, duties, contributions and levies, in each case, in the nature of taxation including (without limitation), corporation tax, supplementary charge, petroleum revenue tax, income taxes,
prepaid income taxes, sale taxes, use taxes, stamp duty, transfer taxes, gross income taxes, value added taxes, social contribution taxes, employment taxes, government royalties, customs duties, export or import duties, excise duties, land and
building taxes, environmental taxes, and levies and withholding taxes together with all penalties and interest relating thereto and any penalties and surcharges in respect of the associated reporting requirements relating to the movement of goods
and provision of services, wherever or whenever imposed. 
 “Affiliate” means, in relation to any
Person (the “first-mentioned Person”), any other Person that directly or indirectly, via any number of intermediaries, is Controlled by, under common Control with, or Controls the first-mentioned Person. 

“Control” means in respect of any Person, the ability (directly or indirectly) to direct that Person’s
affairs and/or control the composition of its board of directors or equivalent body, including by means of (a) the ownership or control (directly or indirectly) of more than 50% of the voting share capital of that Person; or (b) the
ability to direct the casting of more than 50% of the votes exercisable at general meetings of that Person on all, or substantially all, matters; or (c) the right to appoint or remove directors of the relevant Person holding a majority of the
voting rights at meetings of the board (or equivalent body) of that Person on all, or substantially all, matters; and “Controls” and “Controlled” shall be construed accordingly. 

“Person” means any individual, firm, corporation, stock company, limited liability company, trust, government
or governmental authority. 
 “Contract Year” means the period starting with the start of this
agreement and ending with the end of the Managers’ tax year, and each complete successive tax year thereafter falling fully in the period before this agreement ends, and the period (if any) between the penultimate Contract Year and the end of
this agreement. 
 “LOM Agreement” means the agreement between PT Perusahaan Gas Negara (Persero) Tbk
and Höegh LNG Limited for the lease, operation and maintenance of the Vessel, to which this document is annexed and forms part as Schedule 18. 
  

	4.	In line 132 of clause 6 of Part II of the SHIPMAN Terms, the words “Management Fee” shall be deleted and replaced with: “Operating Expenses”. 

 

	5.	In lines 333 and 334 of clause 10 of the Part II of the SHIPMAN Terms, the words “a total of 10 times the management fee payable hereunder” shall be deleted and replaced with the following:

 “the Margin payable in respect of the Contract Year in which the incident or incidents first arose”. 

  
 111 

	6.	In line 449 of clause 22(g) of the Part II of the SHIPMAN Terms, the words “management fee” shall be deleted and replaced with: “Monthly Instalment”.] 

  
 112 

 Annexure to Schedule 18 

BIMCO Shipman Terms 

  
 113 

 Printed by BIMCO’s idea 

 

					
	BIMCO	 		  	 SHIPMAN 2009

STANDARD SHIP MANAGEMENT AGREEMENT
  

PART I

			
	1. Place and date of Agreement	 		  	2. Date of commencement of Agreement (Cls. 2, 12, 21 and 25)
			
	 2. Owners (name, place of registered office and law of registry) Cl. 1)

 
 (i) Name:
  

(ii) Place of registered office:
  

(iii) Law of registry:
	 		  	 4. Managers (name, place of registered office and law of registry) (Cl. 1)

 
 (i) Name:
  

(ii) Place of registered office:
  

(iii) Law of registry:

			
	 5. The Company (with reference to the ISM/SPS Codes) (state name and IMO Unique Company Identification number. If the Company is
a third party then also state registered office and principal place of business) (Cls. 1 and 9(c)(i))
  

(i) Name:
  

(ii) IMO Unique Company Identification number:
  

(iii) Place of registered office:
  

(iv) Principal place of business:
	 		  	 6. Technical Management (state “yes” or “no” as agreed) (Cl. 4)

 
 YES

	 	  	 7. Crew Management (state “yes” or “no” as agreed) (Cl. 5(a))

 
 YES

	 	  	 8. Commercial Management (state “yes” or “no” as agreed) (Cl. 6)

 
 NO

			
	9. Chartering Services period (only to be filled in if “yes” stated in Box (i) (Cl. 6(a))	 		  	 10. Crew Insruance arrangements (state “yes” or “no” as agreed)

 
 (i) Crew Insurance (Cl. 5(b)): To be agreed

 
 (ii) insurance for persons proceeding to sea onboard (Cl. 5(b)(i): To be
agreed
  
 *  only to apply if
Crew Management (Cl. 5(a)) agreed (see Box 7)

			
	 11. Insurance arrangements (state “yes” or “no” as agreed) (Cl. 7)

 
 To be agreed
	 		  	 12. Optional insurances (state optional insurance(s) as agreed, such as piracy, kidnap and ransom, loss of hire and FD & D)
(Cl. 10(a)(vi))
  
 To be agreed

			
	 13. Interest (state rate of interest to apply after due date to outstanding sums) (Cl. 9(a))

 
 LIBOR + 1%.
	 		  	 14. Annual management fee (state annual amount) (Cl. 12(a))

 
 Clauses 12 and 13 of Part II of this form are amended in accordance with Schedule 18 of
the LOM Agreement

			
	 15. Managers nominated account (Cl. 12(a))
  

TBN
	 		  	 16. Daily rate (state rate for days in excess of those agreed in budget) (Cl. 12(c))

 
 Clauses 12 and 13 of Part II of this form are amended in accordance with Schedule 18 of
the LOM Agreement

	 	  	  
 17. Lay-up period / number of months (Cl. 12(d))

 
 Clauses 12 and 13 of Part II of this form are amended in accordance with Schedule 18 of
the LOM Agreement

			
	 18. Minimum contract period (state number of months) Cl. 22(b)(i))

 
 Twelve (12) months
	 		  	 19. Management fee on termination (state number of months to apply) (Cl. 22(g))

 
 3 (three)

  
 Continued 

This document is a computer generated SHIPMAN 2009 form printed by authority of BIMCO. Any insertion or deletion to the form must be clearly visible. In the
event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility of any loss, damage or expense as a result of
discrepancies between the original BIMCO approved document and this computer generated document. 

 Printed by BIMCO’s idea 

 

					
			
	 20. Severence Costs (state maximum amount) (Cl. 22(h)(i))
  

USD one (1) million
	 		  	 21. Dispute Resolution (state alternative Cl. 23(a), 23(b) or 23(c); if Cl. 23(c) place of arbitration
must be stated) (Cl. 23)
  
 Clause 23(a)

			
	 22. Notices (state full style contact details for serving notice and communication to the Owners) (Cl. 24)

 
 TBN
	 		  	 23. Notices (state full style contact details for serving notice and communication to the Managers) (Cl. 24)

 
 TBN

  
 Continued 

This document is a computer generated SHIPMAN 2009 form printed by authority of BIMCO. Any insertion or deletion to the form must be clearly visible. In the
event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility of any loss, damage or expense as a result of
discrepancies between the original BIMCO approved document and this computer generated document. 

					
	Printed by BIMCO’s idea	  	SHIPMAN 2009	  	
		  	Standard ship management agreement	  	PART 1

  

 (Continued) 
  

 It is mutually agreed between the party stated in Box 3 and the party stated in Box 4 that this
Agreement consisting of PART I and PART II as well as Annexes “A” (Details of Vessel or Vessels). “B” (Details of Crew), “C” (Budget), “D” (Associated Vessels) and “E” (Fee Schedule) attached hereto
shall be performed subject to the conditions contained herein. In the event of a conflict of conditions, the provisions of PART I and Annexes “A”, “B”, “C”, “D” and “E” shall prevail over those of
PART II to the extent of such conflict but no further. 
  

			
	Signature(s) (Owners)	  	Signature(s) (Managers)

  
 Continued 

This document is a computer generated SHIPMAN 2009 form printed by authority of BIMCO. Any insertion or deletion to the form must be clearly visible. In the
event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility of any loss, damage or expense as a result of
discrepancies between the original BIMCO approved document and this computer generated document. 

 Printed by BIMCO’s idea 

ANNEX “A” (DETAILS OF VESSEL OR VESSELS) 
 TO THE BIMCO
STANDARD SHIP MANAGEMENT AGREEMENT 
 CODE NAME: SHIPMAN 2009 

 
 Date of Agreement: 

Name of Vessel(s): 
 Participants of Vessel(s): 

  
 Continued 

This document is a computer generated SHIPMAN 2009 form printed by authority of BIMCO. Any insertion or deletion to the form must be clearly visible. In the
event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility of any loss, damage or expense as a result of
discrepancies between the original BIMCO approved document and this computer generated document. 

 Printed by BIMCO’s idea 

ANNEX “B” (DETAILS OF CREW) 
 TO THE BIMCO STANDARD
SHIP MANAGEMENT AGREEMENT 
 CODE NAME: SHIPMAN 2009 

 
 Date of Agreement: 

Details of Crew: 
 Numbers
                                         Rank
                     Nationality 

  
 Continued 

This document is a computer generated SHIPMAN 2009 form printed by authority of BIMCO. Any insertion or deletion to the form must be clearly visible. In the
event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility of any loss, damage or expense as a result of
discrepancies between the original BIMCO approved document and this computer generated document. 

 Printed by BIMCO’s idea 

ANNEX “C” (BUDGET) 
 TO THE BIMCO STANDARD SHIP
MANAGEMENT AGREEMENT 
 CODE NAME: SHIPMAN 2009 

 
 Date of Agreement: 

Manager’s initial budget with effect from the commencement date of this Agreement (see Box 2): To be presented at the time of final agreement 

  
 Continued 

This document is a computer generated SHIPMAN 2009 form printed by authority of BIMCO. Any insertion or deletion to the form must be clearly visible. In the
event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility of any loss, damage or expense as a result of
discrepancies between the original BIMCO approved document and this computer generated document. 

 Printed by BIMCO’s idea 

ANNEX “D” (ASSOCIATED VESSELS) 
 TO THE BIMCO STANDARD
SHIP MANAGEMENT AGREEMENT 
 CODE NAME: SHIPMAN 2009 

 
 NOTE: PARTIES SHOULD BE AWARE THAT BY COMPLETING
THIS ANNEX “D” THEY WILL BE SUBJECT TO THE PROVISIONS OF SUB-CLAUSE 22(b)(i) OF THIS AGREEMENT. 
 Date of Agreement: 

Details of Associated Vessels: 

  
 Continued 

This document is a computer generated SHIPMAN 2009 form printed by authority of BIMCO. Any insertion or deletion to the form must be clearly visible. In the
event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility of any loss, damage or expense as a result of
discrepancies between the original BIMCO approved document and this computer generated document. 

 Printed by BIMCO’s idea 

ANNEX “E” (FEE SCHEDULE) 
 TO THE BIMCO STANDARD SHIP
MANAGEMENT AGREEMENT 
 CODE NAME: SHIPMAN 2009 

 

  
 Continued 

This document is a computer generated SHIPMAN 2009 form printed by authority of BIMCO. Any insertion or deletion to the form must be clearly visible. In the
event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility of any loss, damage or expense as a result of
discrepancies between the original BIMCO approved document and this computer generated document. 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
 SECTION 1 – Basis of the Agreement 
  

	1.	Definitions 

 In this Agreement save where the context otherwise requires, the following
words and expressions shall have the meanings hereby assigned to them: 
 “Company” (with reference to the ISM Code and the ISPS
Code) means the organization identified in Box 5 or any replacement organization appointed by the Owners from time to lime (see Sub-clauses 9(b)(i) or 9(c)(ii), whichever is applicable). 

“Crew” means the personnel of the numbers, rank and nationality specified in Annex “B” hereto. 

“Crew Insurances” means insurance of liabilities in respect of crew risks which shall include but not be limited to death, permanent
disability, sickness, injury, repatriation, shipwreck unemployment indemnity and loss of personal effects (see Sub-clause 5(b) (Crew Insurances) and Clause 7 (Insurance Arrangements) and Clause 10 (Insurance Policies) and
Boxes 10 and 11). 
 “Crew Support Costs” means all expenses of a general nature which are not particularly referable
to any individual vessel for the time being managed by the Managers and which are incurred by the Managers for the purpose of providing an efficient and economic management service and, without prejudice to the generality of the foregoing, shall
include the cost of crew standby pay, training schemes for officers and ratings, cadet training schemes, sick pay, study pay, recruitment and interviews. 

“Flag State” means the State whose flag the Vessel is flying. 

“ISM Code” means the International Management Code for the Safe Operation of Ships and for Pollution Prevention and any amendment
thereto or substitution therefor. 
 “ISPS Code” means the International Code for the Security of Ships and Port Facilities and the
relevant amendments to Chapter XI of SOLAS and any amendment thereto or substitution therefor. 
 “Managers” means the party
identified in Box 4. 
 “Management Services” means the services specified in SECTION 2 - Services (Clauses 4 through
7) as indicated affirmatively in Boxes 6 through 8, 10 and 11, and all other functions performed by the Managers under the terms of this Agreement. 

“Owners” means the party identified in Box 3. 

  
 1 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 “Severance Costs” means the costs which are legally required to be paid to the Crew
as a result of the early termination of any contracts for service on the Vessel. 
 “SMS” means the Safety Management System (as
defined by the ISM Code). 
 “STCW 95” means the International Convention on Standards of Training, Certification and Watchkeeping
for Seafarers, 1978, as amended in 1995 and any amendment thereto or substitution therefor. 
 “Vessel” means the vessel or vessels
details of which are set out in Annex “A” attached hereto. 
  

	2.	Commencement and Appointment 

 With effect from the date stated in Box 2 for the
commencement of the Management Services and continuing unless and until terminated as provided herein, the Owners hereby agree to act as the Managers of the Vessel in respect of the Management Services. 

 

	3.	Authority of the Managers 

 Subject to the terms and conditions herein provided, during
the period of this Agreement the Managers shall carry out the Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their
absolute discretion consider to be necessary to enable them to perform the Management Services in accordance with sound ship management practice, including but not limited to compliance with all relevant rules and regulations. 

 

	4.	Technical Management 

 (only applicable if agreed according to Box 6). 

The Managers shall provide technical management which includes, but is not limited to, the following services: 

(a) ensuring that the Vessel complies with the requirements of the law of the Flag State; 

(b) ensuring compliance with the ISM Code; 

(c) ensuring compliance with the ISPS Code; 

(d) providing competent personnel to supervise the maintenance and general efficiency of the Vessel; 

(e) arranging and supervising dry dockings, repairs, alterations and the maintenance of the Vessel to the standards agreed with the Owners
provided that the Managers shall 

  
 2 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 
be entitled to incur the necessary expenditure to ensure that the Vessel will comply with all requirements and recommendations of the classification society, and with the law of the Flag State
and of the places where the Vessel is required to trade; 
 (f) arranging the supply of necessary stores, spares and lubricating oil; 

(g) appointing surveyors and technical consultants as the Managers may consider from time to time to be necessary; 

(h) in accordance with the Owners’ instructions, supervising the sale and physical delivery of the Vessel under the sale agreement.
However services under this Sub-clause 4(h) shall not include negotiation of the sale agreement or transfer of ownership of the Vessel; 

(i) arranging for the supply of provisions unless provided by the Owners; and 

(j) arranging for the sampling and testing of bunkers. 
  

	5.	Crew Management and Crew Insurances 

 (a) Crew Management 

(only applicable if agreed according to Box 7) 

The Managers shall provide suitably qualified Crew who shall comply with the requirements of STCW 95 and the Managers standards and training
matrixes. 
 The provision of such crew management services includes, but is not limited to, the following services: 

(i) selecting, engaging and providing for the administration of the Crew, including, as applicable, payroll arrangements, pension arrangements,
tax, social security contributions and other mandatory dues related to their employment payable in each Crew member’s country of domicile; 

(ii) ensuring that the applicable requirements of the law of the Flag State in respect of rank, qualification certification of the Crew and
employment regulations, such as Crew’s tax and social insurance, are satisfied; 
 (iii) ensuring that all Crew have passed a medical
examination with a qualified doctor certifying that they are fit for the duties for which they are engaged and are in possession of valid medical certificates issued in accordance with appropriate Flag State requirements or such higher standard of
medical examination as may be agreed with the Owners. In the absence of applicable Flag State requirements the medical certificate shall be valid at the time when the respective Crew member arrives on board the Vessel and shall be maintained for the
duration of the service on board the Vessel; 

  
 3 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 (iv) ensuring that the Crew shall have a common working language and a command of the English
language of a sufficient standard to enable them to perform their duties safely; 
 (v) arranging transportation of the Crew, including
repatriation; 
 (vi) training of the Crew; 

(vii) conducting union negotiations; and 

(viii) if the Managers are the Company, ensuring that the Crew, on joining the Vessel, are given proper familiarisation with their duties in
relation to the Vessel’s SMS and that instructions which are essential to the SMS are identified, documented and given to the Crew prior to sailing. 

(ix) if the Managers are not the Company: 

(1) ensuring that the Crew, before joining the Vessel, are given proper familiarisation with their duties in relation to the ISM Code; and 

(2) instructing the Crew to obey all reasonable orders of the Company in connection with the operation of the SMS. 

(x) Where Managers are not providing technical management services in accordance with Clause 4 (Technical Management): 

(1) ensuring that no person connected to the provision and the performance of the crew management services shall proceed to sea on board the
Vessel without the prior consent of the Owners (such consent not to be unreasonably withheld); and 
 (2) ensuring that in the event that the
Owners’ drug and alcohol policy requires measures to be taken prior to the Crew joining the Vessel, implementing such measures; 
 (b)
Crew Insurances 
 (only applicable if Sub-clause 5(a) applies and if agreed according to Box 10)

  
 4 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 The Managers shall throughout the period of this Agreement provide the following services:

 (i) arranging Crew Insurances in accordance with the best practice of prudent managers of vessels of a similar type to the Vessel, with
sound and reputable insurance companies, underwriters or associations. Insurances for any other persons proceeding to sea onboard the Vessel may be separately agreed by the Owners and the Managers (see Box 10); 

(ii) ensuring that the Owners are aware of the terms, conditions, exceptions and limits of liability of the insurances in Sub-clause
5(b)(i); 
 (iii) ensuring that all premiums or calls in respect of the insurances in Sub-clause 5(b)(i) are paid by their due
date; 
 (iv) if obtainable at no additional cost, ensuring that insurances in Sub-clause 5(b)(i) name the Owners as a joint assured
with full cover and, unless otherwise agreed, on terms such that Owners shall be under no liability in respect of premiums or calls arising in connection with such insurances. 

(v) providing written evidence, to the reasonable satisfaction of the Owners, of the Managers’ compliance with their obligations under
Sub-clauses 5(b)(ii), and 5(b)(iii) within a reasonable time of the commencement of this Agreement, and of each renewal date and, if specifically requested, of each payment date of the insurances in Sub-clause 5(b)(i). 

 

	6.	Commercial Management 

 (only applicable if agreed according to Box
8). 
 The Managers shall provide the following services for the Vessel in accordance with the Owners’ instructions,
which shall include but not be limited to: 
 (a) seeking and negotiating employment for the Vessel and the conclusion (including the
execution thereof) of charter parties or other contracts relating to the employment of the Vessel. If such a contract exceeds the period stated in Box 9, consent thereto in writing shall first be obtained from the Owners; 

(b) arranging for the provision of bunker fuels of the quality specified by the Owners as required for the Vessel’s trade; 

(c) voyage estimating and accounting and calculation of hire, freights, demurrage and/or despatch monies due from or due to the charterers of
the Vessel; assisting in the collection of any sums due to the Owners related to the commercial operation of the Vessel in accordance with Clause 11 (Income Collected and Expenses Paid on Behalf of Owners); 

If any of the services under Sub-clauses 6(a), 6(b) and 6(c) are to be excluded from the Management Fee, remuneration
for these services must be stated in Annex E (Fee Schedule). See Sub-clause 12(e). 

  
 5 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 (d) issuing voyage instructions; 

(e) appointing agents; 
 (f)
appointing stevedores; and 
 (g) arranging surveys associated with the commercial operation of the Vessel. 

 

	7.	Insurance Arrangements 

 (only applicable if agreed according to Box
11). 
 The Managers shall arrange insurances in accordance with Clause 10 (Insurance Policies), on such terms
as the Owners shall have instructed or agreed, in particular regarding conditions, insured values, deductibles, franchises and limits of liability. 
  

	8.	Managers’ Obligations 

 (a) The Managers undertake to use their best endeavours to
provide the Management Services as agents for and on behalf of the Owners in accordance with sound ship management practice and to protect and promote the interests of the Owners in all matters relating to the provision of services hereunder. 

Provided however, that in the performance of their management responsibilities under this Agreement, the Managers shall be entitled to have
regard to their overall responsibility in relation to all vessels as may from time to time be entrusted to their management and in particular, but without prejudice to the generality of the foregoing, the Managers shall be entitled to allocate
available supplies, manpower and services in such manner as in the prevailing circumstances the Managers in their absolute discretion consider to be fair and reasonable. 

(b) Where the Managers are providing technical management services in accordance with Clause 4 (Technical Management), they shall
procure that the requirements of the Flag State are satisfied and they shall agree to be appointed as the Company, assuming the responsibility for the operation of the Vessel and taking over the duties and responsibilities imposed by the ISM Code
and the ISPS Code, if applicable. 
  

	9.	Owners’ Obligations 

 (a) The Owners shall pay all sums due to the Managers
punctually in accordance with the terms of this Agreement. In the event of payment after the due date of any outstanding sums the Manager shall be entitled to charge interest at the rate stated in Box 13. 

(b) Where the Managers are providing technical management services in accordance with Clause 4 (Technical Management), the Owners shall:

 (i) report (or where the Owners are not the registered owners of the Vessel procure that the registered owners report) to the Flag State
administration the details of the Managers as the Company as required to comply with the ISM and ISPS Codes; 

  
 6 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 (ii) procure that any officers and ratings supplied by them or on their behalf comply with
the requirements of STCW 95; and 
 (iii) instruct such officers and ratings to obey all reasonable orders of the Managers (in their capacity
as the Company) in connection with the operation of the Managers’ safety management system. 
 (c) Where the Managers are not providing
technical management services in accordance with Clause 4 (Technical Management), the Owners shall: 
 (i) procure that the
requirements of the Flag State are satisfied and notify the Managers upon execution of this Agreement of the name and contact details of the organization that will be the Company by completing Box 5; 

(ii) if the Company changes at any time during this Agreement, notify the Managers in a timely manner of the name and contact details of the
new organization; 
 (iii) procure that the details of the Company, including any change thereof, are reported to the Flag State
administration as required to comply with the ISM and ISPS Codes. The Owners shall advise the Managers in a timely manner when the Flag State administration has approved the Company; and 

(iv) unless otherwise agreed, arrange for the supply of provisions at their own expense. 

(d) Where the Managers are providing crew management services in accordance with Sub-clause 5(a) the Owners shall: 

(i) inform the Managers prior to ordering the Vessel to any excluded or additional premium area under any of the Owners’ Insurances by
reason of war risks and/or piracy or like perils and pay whatever additional costs may properly be incurred by the Managers as a consequence of such orders including, if necessary, the costs of replacing any member of the Crew. Any delays resulting
from negotiation with or replacement of any member of the Crew as a result of the Vessel being ordered to such an area shall be for the Owners’ account. Should the Vessel be within an area which becomes an excluded or additional premium area
the above provisions relating to cost and delay shall apply; 
 (ii) agree with the Managers prior to any change of flag of the Vessel and
pay whatever additional costs may properly be incurred by the Managers as a consequence of such change. If agreement cannot be reached then either party may terminate this Agreement in accordance with Sub-clause 22(e); and 

(iii) provide, at no cost to the Managers, in accordance with the requirements of the law of the Flag State, or higher standard, as mutually
agreed, adequate Crew accommodation and living standards. 

  
 7 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 (e) Where the Managers are not the Company, the Owners shall ensure that Crew are properly
familiarized with their duties in accordance with the Vessel’s SMS and that instructions which are essential to the SMS are identified, documented and given to the Crew prior to sailing. 

  
 8 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 SECTION 4 – Insurance, Budgets, Income, Expenses and Fees 

 

	10.	Insurance Policies 

 The Owners shall procure, whether by instructing the Managers under
Clause 7 (Insurance Arrangements) or otherwise, that throughout the period of this Agreement: 
 (a) at the Owners’ expense, the Vessel
is insured for not less than its sound market value or entered for its full gross tonnage, as the case may be for: 
 (i) hull and machinery
marine risks (including but not limited to crew negligence) and excess liabilities; 
 (ii) protection and indemnity risks (including but not
limited to pollution risks, diversion expenses and, except to the extent insured separately by the Managers in accordance with Sub-clause 5(b)(i), Crew Insurances; 

NOTE: if the Managers are not providing crew management services under Sub-clause 5(a) (Crew Management) or have agreed not to
provide Crew Insurances separately in accordance with Sub-clause 5(b)(i), then such insurances must be included in the protection and indemnity risks cover for the Vessel (see Sub-clause 10(a)(ii) above). 

(iii) war risks (including but not limited to blocking and trapping, protection and indemnity, terrorism and crew risks); and 

(iv) such optional insurances as may be agreed (such as piracy, kidnap and ransom, loss of hire and FD &D) (see Box 12) 

Sub-clauses 10(a)(i) through 10(a)(iv) all in accordance with the best practice of prudent owners of vessels of a similar type to
the Vessel, with sound and reputable insurance companies, underwriters or associations (“the Owners’ Insurances”); 
 (b) all
premiums and calls on the Owners’ Insurances are paid by their due date; 
 (c) the Owners’ Insurances name the Managers and,
subject to underwriters’ agreement, any third party designated by the Managers as a joint assured, with full cover. It is understood that in some cases, such as protection and indemnity, the normal terms for such cover may impose on the
Managers and any such third party a liability in respect of premiums or calls arising in connection with the Owners’ Insurances. 
 If
obtainable at no additional cost, however, the Owners shall procure such insurances on terms such that neither the Managers nor any such third party shall be under any liability in respect of premiums or calls arising in connection with the
Owners’ Insurances. In any event, on termination of this Agreement in accordance with Clause 21 (Duration of the Agreement) and Clause 22 (Termination), the Owners shall procure that the Managers and any third party designated by
the Managers as joint assured shall cease to be joint assured and, if reasonably achievable, that they shall be released from any and all liability for premiums and calls that may arise in relation to the period of this Agreement; and 

(d) written evidence is provided, to the reasonable satisfaction of the Managers, of the Owners’ compliance with their obligations under
this Clause 10 within a reasonable time of the commencement of the Agreement, and of each renewal date and, if specifically requested, of each payment date of the Owners’ Insurances. 

  
 9 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

	11.	Income Collected and Expenses Paid on Behalf of Owners 

 (a) Except as provided in
Sub-clause 11(c) all monies collected by the Managers under the terms of this Agreement (other than monies payable by the Owners to the Managers) and any interest thereon shall be held to the credit of the Owners in a separate bank account.

 (b) All expenses incurred by the Managers under the terms of this Agreement on behalf of the Owners (including expenses as provided in
Clause 12(c) may be debited against the Owners in the account referred to under Sub-clause 11(a) but shall in any event remain payable by the Owners to the Managers on demand. 

(c) All monies collected by the Managers under Clause 6 (Commercial Management) shall be paid into a bank account in the name of the
Owners or as may be otherwise advised by the Owners in writing. 
  

	12.	Management Fee and Expenses 

 (a) The Owners shall pay to the Managers an annual
management fee as stated in Box 14 for their services as Managers under this Agreement, which shall be payable in equal monthly instalments in advance, the first instalment (pro rata if appropriate) being payable on the commencement of
this Agreement (see Clause 2 (Commencement and Appointment) and Box 2) and subsequent instalments being payable at the beginning of every calendar month. The management fee shall be payable to the Managers’ nominated account
stated in Box 15. 
 (b) The management fee shall be subject to an annual review and the proposed fee shall be presented in the annual
budget in accordance with Sub-clause 13(a). 
 (c) The Managers shall, at no extra cost to the Owners, provide their own office
accommodation, office staff, facilities and stationery. Without limiting the generality of this Clause 12 (Management Fee and Expenses) the Owners shall reimburse the Managers for postage and communication expenses, travelling expenses, and
other out of pocket expenses properly incurred by the Managers in pursuance of the Management Services. Any days used by the Managers’ personnel travelling to or from or attending on the Vessel or otherwise used in connection with the
Management Services in excess of 30 days those agreed in the budget shall be charged at the daily rate stated in Box 16. 

  
 10 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 (d) If the Owners decide to layup the Vessel and such layup lasts for more than the number of
months stated in Box 17, an appropriate reduction of the Management Fee for the period exceeding such period until one month before the Vessel is again put into service shall be mutually agreed between the parties. If the Managers are
providing crew management services in accordance with Sub-clause 5(a), consequential costs of reduction and reinstatement of the Crew shall be for the Owners’ account. If agreement cannot be reached then either party may terminate this
Agreement in accordance with Sub-clause 22(e). 
 (e) Save as otherwise provided in this Agreement, all discounts and commissions
obtained by the Managers in the course of the performance of the Management Services shall be credited to the Owners. 
  

	13.	Budgets and Management of Funds 

 (a) The Managers’ initial budget is set out in
Annex “C” hereto. Subsequent budgets shall be for twelve month periods and shall be prepared by the Managers and presented to the Owners not less than three months before the end of the budget year. 

(b) The Owners shall state to the Managers in a timely manner, but in any event within one month of presentation, whether or not they agree to
each proposed annual budget. The parties shall negotiate in good faith and if they fail to agree on the annual budget, including the management fee, either party may terminate this Agreement in accordance with Sub-clause 22(e). 

(c) Following the agreement of the budget, the Managers shall prepare and present to the Owners their estimate of the working capital
requirement for the Vessel and shall each month request the Owners in writing to pay the funds required to run the Vessel for the ensuing month, including the payment of any occasional or extraordinary item of expenditure, such as emergency repair
costs, additional insurance premiums, bunkers or provisions. Such funds shall be received by the Owners of the Managers’ written request and shall be held to the credit of the Owners in a separate bank account. 

(d) The Managers shall at all times maintain and keep true and correct accounts in respect of the Management Services in accordance with the
relevant International Financial Reporting Standards or such other standard as the parties may agree, including records of all costs and expenditure incurred, and produce a comparison between budgeted and actual income and expenditure of the Vessel
in such form and at such intervals as shall be mutually agreed. 
 The Managers shall make such accounts available for inspection and
auditing by the Owners and/or their representatives in the Managers’ offices or by electronic means, provided reasonable notice is given by the Owners. 

  
 11 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 (e) Notwithstanding anything contained herein, the Managers shall in no circumstances be
required to use or commit their own funds to finance the provision of the Management Services. 

  
 12 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 SECTION 5 - Legal, General and Duration of Agreement 

 

	14.	Trading Restrictions 

 If the Managers are providing crew management services in
accordance with Sub-clause 5(a) (Crew Management), the Owners and the Managers will, prior to the commencement of this Agreement, agree on any trading restrictions to the Vessel that may result from the terms and conditions of the Crew’s
employment. 
  

	15.	Replacement 

 If the Managers are providing crew management services in accordance with
Sub-clause 5(a) (Crew Management), the Owners may require the replacement, at their own expense, at the next reasonable opportunity, of any member of the Crew found on reasonable grounds to be unsuitable for service. If the Managers have
failed to fulfil their obligations in providing suitable qualified Crew within the meaning of Sub-clause 5(a) (Crew Management), then such replacement shall be at the Managers’ expense. 

 

	16.	Managers’ Right to Sub-Contract 

 The Managers shall not subcontract any of their
obligations hereunder without the prior written consent of the Owners which shall not be unreasonably withheld. In the event of such a sub-contract the Managers shall remain fully liable for the due performance of their obligations under this
Agreement. Services executed by the Manager’s parent, daughter or affiliated companies shall not be regarded as Sub-Contracting in relation to this clause. 
  

	17.	Responsibilities 

 (a) Force Majeure 

Neither party shall be liable for any loss, damage or delay due to any of the following force majeure events and/or conditions to the extent
that the party invoking force majeure is prevented or hindered from performing any or all of their obligations under this Agreement, provided they have made all reasonable efforts to avoid, minimize or prevent the effect of such events and/or
conditions: 
 (i) acts of God; 

(ii) any Government requisition, control, intervention, requirement or interference; 

(iii) any circumstances arising out of war, threatened act of war or warlike operations, acts of terrorism, sabotage or piracy, or the
consequences thereof; 
 (iv) riots, civil commotion, blockades or embargoes; 

  
 13 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 (v) epidemics; 

(vi) earthquakes, landslides, floods or other extraordinary weather conditions; 

(vii) strikes, lockouts or other industrial action, unless limited to the employees (which shall not include the Crew) of the party seeking to
invoke force majeure; 
 (viii) fire, accident, explosion except where caused by negligence of the party seeking to invoke force majeure; and

 (ix) any other similar cause beyond the reasonable control of either party. 

(b) Liability to Owners 

(i) Without prejudice to Sub-clause 17(a) the Managers shall be under no liability whatsoever to the Owners for any loss, damage, delay
or expense of whatsoever nature, whether direct or indirect, (including but not limited to loss of profit arising out of or in connection with detention of or delay to the Vessel) and howsoever arising in the course of performance of the Management
Services UNLESS same is proved to have resulted solely from the negligence, gross negligence or wilful default of the Managers or their employees or agents, or sub-contractors employed by them in connection with the Vessel, in which case (save where
loss, damage, delay or expense has resulted from the Managers’ personal act or omission committed with the intent to cause same or recklessly and with knowledge that such loss, damage, delay or expense would probably result) the Managers’
liability for each incident or series of incidents giving rise to a claim or claims shall never exceed a total of ten (10) times the annual management payable hereunder. 

(ii) Acts or omissions of the Crew - Notwithstanding anything that may appear to the contrary in this Agreement, the Managers shall not
be liable for any acts or omissions of the Crew, even if such acts or omissions are negligent, grossly negligent or wilful, except only to the extent that they are shown to have resulted from a failure by the Managers to discharge their obligations
under Clause 5(a) (Crew Management), in which case their liability shall be limited in accordance with the terms of this Clause 17 (Responsibilities). 

(c) Indemnity 
 Except to
the extent and solely for the amount therein set out that the Managers would be liable under Sub-clause 17(b) the Owners hereby undertake to keep the Managers and their employees, agents and sub-contractors indemnified and to hold them
harmless against all actions, proceedings, claims, demands or liabilities whatsoever or howsoever arising which may be brought against them or incurred or suffered by them arising out of or in connection with the performance of this Agreement, and
against and in respect of all 

  
 14 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 
costs, loss, damages and expenses (including legal costs and expenses on a full indemnity basis) which the Managers may suffer or incur (either directly or indirectly) in the course of the
performance of this Agreement. 
 (d) “Himalaya” 

It is hereby expressly agreed that no employee or agent of the Managers (including every sub-contractor from time to time employed by the
Managers) shall in any circumstances whatsoever be under any liability whatsoever to the Owners for any loss, damage or delay of whatsoever kind arising or resulting directly or indirectly from any act, neglect or default on his part while acting in
the course of or in connection with his employment and, without prejudice to the generality of the foregoing provisions in this Clause 17 (Responsibilities), every exemption, limitation, condition and liberty herein contained and every right,
exemption from liability, defence and immunity of whatsoever nature applicable to the Managers or to which the Managers are entitled hereunder shall also be available and shall extend to protect every such employee or agent of the Managers acting as
aforesaid and for the purpose of all the foregoing provisions of this Clause 17 (Responsibilities) the Managers are or shall be deemed to be acting as agent or trustee on behalf of and for the benefit of all persons who are or might be their
servants or agents from time to time (including sub-contractors as aforesaid) and all such persons shall to this extent be or be deemed to be parties to this Agreement. 
  

	18.	General Administration 

 (a) The Managers shall keep the Owners and, if appropriate, the
Company informed in a timely manner of any incident of which the Managers become aware which gives or may give rise to delay to the Vessel or claims or disputes involving third parties. 

(b) The Managers shall handle and settle all claims and disputes arising out of the Management Services hereunder, unless the Owners instruct
the Managers otherwise. The Managers shall keep the Owners appropriately informed in a timely manner throughout the handling of such claims and disputes. 

(c) The Owners may request the Managers to bring or defend other actions, suits or proceedings related to the Management Services, on terms to
be agreed. 
 (d) The Managers shall have power to obtain appropriate legal or technical or other outside expert advice in relation to the
handling and settlement of claims in relation to Sub-clauses 18(a) and 18(b) and disputes and any other matters affecting the interests of the Owners in respect of the Vessel, unless the Owners instruct the Manager otherwise. 

(e) On giving reasonable notice, the Owners may request, and the Managers shall in a timely manner make available, all documentation,
information and records in respect of the matters covered by this Agreement either related to mandatory rules or regulations or other obligations applying to the Owners in respect of the Vessel (including but not limited to STCW 95, the ISM Code and
ISPS Code) to the extent permitted by relevant legislation. 

  
 15 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 On giving reasonable notice, the Managers may request, and the Owners shall in a timely
manner make available, all documentation, information and records reasonably required by the Managers to enable to perform the Management Services. 

(f) The Owners shall arrange for the provision of any necessary guarantee bond or other security. 

(g) Any costs incurred by the Managers in carrying out their obligations according to this Clause 18 (General Administration) shall be
reimbursed by the Owners. 
  

	19.	Inspection of Vessel 

 The Owners may at any time after giving reasonable notice to the
Managers inspect the Vessel for any reason they consider necessary. 
  

	20.	Compliance with Laws and Regulations 

 The parties will not do or permit to be done
anything which might cause any breach or infringement of the laws and regulations of the Flag State, or of the places where the Vessel trades. 
  

	21.	Duration of the Agreement 

 (a) This Agreement shall come into effect at the date stated
in Box 2 and shall continue until terminated by either party by giving notice to the other; in which event this Agreement shall terminate upon the expiration of the later of the number of months stated in Box 18 or a period of three
(3) two (2) months from the date on which such notice is received, unless terminated earlier in accordance with Clause 22 (Termination). 

(b) Where the Vessel is not at a mutually convenient port or place on the expiry of such period, this Agreement shall terminate on the
subsequent arrival of the Vessel at the next mutually convenient port or place. 
  

	22.	Termination 

 (a) Owners’ or Managers’ default 

If either party fails to meet their obligations under this Agreement, the other party may give notice to the party in default requiring them to
remedy it. In the event that the party in default fails to remedy it within a reasonable time to the reasonable satisfaction of the other party, that party shall be entitled to terminate this Agreement with immediate effect by giving notice to the
party in default. 

  
 16 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 (b) Notwithstanding Sub-clause 22(a): 

(i) The Managers shall be entitled to terminate the Agreement with immediate effect by giving notice to the Owners if any monies payable by the
Owners and/or the owners of any associated vessel, details of which are listed in Annex “D”, shall not have been received in the Managers’ nominated account within ten days (10) of receipt by the Owners of the Managers’
written request, or if the Vessel is repossessed by the Mortgagee(s). 
 (ii) If the Owners proceed with the employment of or continue to
employ the Vessel in the carriage of contraband, blockade running, or in an unlawful trade, or on a voyage which in the reasonable opinion of the Managers is unduly hazardous or improper, the Managers may give notice of the default to the Owners,
requiring them to remedy it as soon as practically possible. In the event that the Owners fail to remedy it within a reasonable time to the satisfaction of the Managers, the Managers shall be entitled to terminate the Agreement with immediate effect
by notice. 
 (iii) If either party fails to meet their respective obligations under Sub-clause 5(b) (Crew Insurances) and Clause
10 (Insurance Policies), the other party may give notice to the party in default requiring them to remedy it within twenty (20) ten (10) days, failing which the other party may terminate this Agreement with immediate
effect by giving notice to the party in default. 
 (c) Extraordinary Termination 

This Agreement shall be deemed to be terminated in the case of the sale of the Vessel or, if the Vessel becomes a total loss or is declared as
a constructive or compromised or arranged total loss or is requisitioned or has been declared missing or, if bareboat chartered, unless otherwise agreed, when the bareboat charter comes to an end. 

(d) For the purpose of Sub-clause 22(c) hereof: 

(i) the date upon which the Vessel is to be treated as having been sold or otherwise disposed of shall be the date on which the Vessel’s
owners cease to be the registered owners of the Vessel; 
 (ii) the Vessel shall be deemed to be lost either when it has become an actual
total loss or agreement has been reached with the Vessel’s underwriters in respect of its constructive total loss or if such agreement with the Vessel’s underwriters is not reached it is adjudged by a competent tribunal that a constructive
loss of the Vessel has occurred; and 
 (iii) the date upon which the Vessel is to be treated as declared missing shall be ten (10) days
after the Vessel was last reported or when the Vessel is recorded as missing by the Vessel’s underwriters, whichever occurs first. A missing vessel shall be deemed lost in accordance with the provisions of Sub-clause 22(d)(ii). 

  
 17 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 (e) In the event the parties fail to agree the annual budget in accordance with Sub-clause
13(b), or to agree a change of flag in accordance with Sub-clause 9(d)(ii), or to agree to a reduction in the Mangement Fee in accordance with Sub-clause 12(d), either party may terminate this Agreement by giving the other party
not less than one month’s notice, the result of which will be the expiry of the Agreement at the end of the current budget period or on expiry of the notice period, whichever is the later. 

(f) This Agreement shall terminate forthwith in the event of an order being made or resolution passed for the winding up, dissolution,
liquidation or bankruptcy of either party (otherwise than for the purpose of reconstruction or amalgamation) or if a receiver or administrator is appointed, or if it suspends payment, ceases to carry on business or makes any special arrangement or
composition with its creditors. 
 (g) In the event of the termination of this Agreement for any reason other than default by the Managers
the management fee payable to the Managers according to the provisions of Clause 12 (Management Fee and Expenses), shall continue to be payable for a further period of the number of months stated in Box 19 as from the effective date of
termination. If Box 19 is left blank then ninety (90) days shall apply. 
 (h) In addition, where the Managers provide Crew for
the Vessel in accordance with Clause 5(a) (Crew Management): 
 (i) the Owners shall continue to pay Crew Support Costs during the
said further period of the number of months stated in Box 19; and 
 (ii) the Owners shall pay an equitable proportion of any
Severance Costs which may be incurred, not exceeding the amount stated in Box 20. The Managers shall use their reasonable endeavours to minimize such Severance Costs. 

(i) On the termination, for whatever reason, of this Agreement, the Managers shall release to the Owners, if so requested, the originals where
possible, or otherwise certified copies, of all accounts and all documents specifically relating to the Vessel and its operation. 
 (j) The
termination of this Agreement shall be without prejudice to all rights accrued due between the parties prior to the date of termination. 
  

	23.	BIMCO Dispute Resolution Clause 

 (a) This Agreement shall be governed by and construed
in accordance with English law and any dispute arising out of or in connection with this Agreement shall be referred to arbitration in London in accordance with the Arbitration Act 1996 or any statutory modification or re-enactment thereof save to
the extent necessary to give effect to the provisions of this Clause. 

  
 18 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 The arbitration shall be conducted in accordance with the London Maritime Arbitrators
Association (LMAA) Terms current at the time when the arbitration proceedings are commenced. 
 The reference shall be to three arbitrators.
A party wishing to refer a dispute to arbitration shall appoint its arbitrator and send notice of such appointment in writing to the other party requiring the other party to appoint its own arbitrator within 14 calendar days of that notice and
stating that it will appoint its arbitrator as sole arbitrator unless the other party appoints its own arbitrator and gives notice that it has done so within the 14 days specified. If the other party does not appoint its own arbitrator and give
notice that it has done so within the 14 days specified, the party referring a dispute to arbitration may, without the requirement of any further prior notice to the other party, appoint its arbitrator as sole arbitrator and shall advise the other
party accordingly. The award of a sole arbitrator shall be binding on both parties as if he had been appointed by agreement. 
 Nothing
herein shall prevent the parties agreeing in writing to vary these provisions to provide for the appointment of a sole arbitrator. 
 In
cases where neither the claim nor any counterclaim exceeds the sum of USD50,000 (or such other sum as the parties may agree) the arbitration shall be conducted in accordance with the LMAA Small Claims Procedure current at the time when the
arbitration proceedings are commenced. 
 (b) This Agreement shall be governed by and construed in accordance with Title 9 of the United
States Code and the Maritime Law of the United States and any dispute arising out of or in connection with this Agreement shall be referred to three persons at New York, one to be appointed by each of the parties hereto, and the third by the two so
chosen; their decision or that of any two of them shall be final, and for the purposes of enforcing any award, judgment may be entered on an award by any court of competent jurisdiction. The proceedings shall be conducted in accordance with the
rules of the Society of Maritime Arbitrators, Inc. 
 In cases where neither the claim nor any counterclaim exceeds the sum of USD50,000 (or
such other sum as the parties may agree) the arbitration shall be conducted in accordance with the Shortened Arbitration Procedure of the Society of Maritime Arbitrators, Inc. current at the time when the arbitration proceedings are commenced. 

(c) This Agreement shall be governed by and construed in accordance with the laws of the place mutually agreed by the parties and any dispute
arising out of or in connection with this Agreement shall be referred to arbitration at a mutually agreed place, subject to the procedures applicable there. 

  
 19 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 (d) Notwithstanding Sub-clauses 23(a), 23(b) or 23(c) above, the parties
may agree at any time to refer to mediation any difference and/or dispute arising out of or in connection with this Agreement. 
 (i) In the
case of a dispute in respect of which arbitration has been commenced under Sub-clauses 23(a), 23(b) or 23(c) above, the following shall apply: 

(ii) Either party may at any time and from time to time elect to refer the dispute or part of the dispute to mediation by service on the other
party of a written notice (the “Mediation Notice”) calling on the other party to agree to mediation. 
 (iii) The other party shall
thereupon within 14 calendar days of receipt of the Mediation Notice confirm that they agree to mediation, in which case the parties shall thereafter agree a mediator within a further 14 calendar days, failing which on the application of either
party a mediator will be appointed promptly by the Arbitration Tribunal (“the Tribunal”) or such person as the Tribunal may designate for that purpose. The mediation shall be conducted in such place and in accordance with such procedure
and on such terms as the parties may agree or, in the event of disagreement, as may be set by the mediator. 
 (iv) If the other party does
not agree to mediate, that fact may be brought to the attention of the Tribunal and may be taken into account by the Tribunal when allocating the costs of the arbitration as between the parties. 

(v) The mediation shall not affect the right of either party to seek such relief or take such steps as it considers necessary to protect its
interest. 
 (vi) Either party may advise the Tribunal that they have agreed to mediation. The arbitration procedure shall continue during
the conduct of the mediation but the Tribunal may take the mediation timetable into account when setting the timetable for steps in the arbitration. 

(vii) Unless otherwise agreed or specified in the mediation terms, each party shall bear its own costs incurred in the mediation and the
parties shall share equally the mediator’s costs and expenses. 
 (viii) The mediation process shall be without prejudice and
confidential and no information or documents disclosed during it shall be revealed to the Tribunal except to the extent that they are disclosable under the law and procedure governing the arbitration. 

(Note: The parties should be aware that the mediation process may not necessarily interrupt time limits.) 

  
 20 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 (e) If Box 21 in Part I is not appropriately filled in, Sub-clause 23(a) of
this Clause shall apply. 
 Note: Sub-clauses 23(a), 23(b) and 23(c) are alternatives; indicate alternative agreed in
Box 21. Sub-clause 23(d) shall apply in all cases. 
  

	24.	Notices 

 (a) All notices given by either party or their agents to the other party or
their agents in accordance with the provisions of this Agreement shall be in writing and shall, unless specifically provided in this Agreement to the contrary, be sent to the address for that other party as set out in Boxes 22 and 23
or as appropriate or to such other address as the other party may designate in writing. 
 A notice may be sent by registered or recorded
mail, facsimile, electronically or delivered by hand in accordance with this Sub-clause 24(a). 
 (b) Any notice given under this
Agreement shall take effect on receipt by the other party and shall be deemed to have been received: 
  

	 	(i)	if posted, on the seventh (7th) day after posting; 

  

	 	(ii)	if sent by facsimile or electronically, on the day of transmission; and 

  

	 	(iii)	if delivered by hand, on the day of delivery. 

 And in each case proof of posting, handing in or
transmission shall be proof that notice has been given, unless proven to the contrary. 
  

	25.	Entire Agreement 

 This Agreement constitutes the entire agreement between the parties
and no promise, undertaking, representation, warranty or statement by either party prior to the date stated in Box 2 shall affect this Agreement. Any modification of this Agreement shall not be of any effect unless in writing signed by or on
behalf of the parties. 
  

	26.	Third Party Rights 

 Except to the extent provided in Sub-clauses 17(c)
(Indemnity) and 17(d) (Himalaya), no third parties may enforce any term of this Agreement. 
  

	27.	Partial Validity 

 If any provision of this Agreement is or becomes or is held by any
arbitrator or other competent body to be illegal, invalid or unenforceable in any respect under any law or jurisdiction, the provision shall be deemed to be amended to the extent necessary to avoid 

  
 21 

 PART II 

SHIPMAN 2009 
 Standard
ship management agreement 
  

 
such illegality, invalidity or unenforceability, or, if such amendment is not possible, the provision shall be deemed to be deleted from this Agreement to the extent of such illegality,
invalidity or unenforceability, and the remaining provisions shall continue in full force and effect and shall not in any way be affected or impaired thereby. 
  

	28.	Interpretation 

 In this Agreement: 

(a) Singular/Plural 
 The
singular includes the plural and vice versa as the context admits or requires. 
 (b) Readings 

The index and headings to the clauses and appendices to this Agreement are for convenience only and shall not affect its construction or
interpretation. 
 (c) Day 

“Day” means a calendar day unless expressly stated to the contrary. 

  
 22 

 NOVATION AGREEMENT FOR AMENDED & RESTATED LEASE, OPERATION & 

MAINTENANCE AGREEMENT 
 This agreement is
made on 18 September 2013 
 Between 
  

	(1)	PT Perusahaan Gas Negara (Persero) Tbk, a state-owned limited liability company established under Indonesian Government Regulations and having its principal office at Jl. K.H. Zainul Arifin No. 20, Jakarta 1140,
Indonesia (the “Continuing Party”); 

  

	(2)	Höegh LNG Ltd., a company incorporated under the laws of Bermuda and having its registered office at Canon’s Court, 22 Victoria Street, Hamilton HM12, Bermuda (the “Transferor”); and

  

	(3)	PT Hoegh LNG Lampung, a limited liability company duly established and existing under the laws of the Republic of Indonesia and having its registered office at Wisma 46,
29th Floor, J1 Jenderal Sudirman Kav 1, Jakarta 10220, Indonesia (the “Transferee”). 

Recitals 
  

	A.	The Continuing Party and the Transferor are parties to the amended and restated lease, operation and maintenance agreement dated 17 October 2012, a copy of which is set out in the first schedule hereto (the
“Subject Agreement”). 

  

	B.	Under the Subject Agreement, Transferor agrees to lease to the Continuing Party, and operate and maintain, a floating storage and regasification unit and procure a mooring system in connection with the Lampung LNG
Floating Storage and Regasification Facilities Project. 

  

	C.	The Transferor wishes to be released from all its obligations and liabilities and transfer all its rights under the Subject Agreement to the Transferee, and the Continuing Party agrees to such release. The Transferee
wishes to assume such obligations and liabilities. 

 Operative provisions 

Novation 
  

	1.	In consideration of the other parties’ entering into their respective obligations under this agreement, with effect from the date of this agreement: 

 

	 	1.1	the Continuing Party hereby releases and discharges the Transferor (including without limitation in respect of any breach of the Subject Agreement by the Transferor antecedent to the Effective Date) from all of the
Transferor’s obligations and liabilities under or in connection with the Subject Agreement, and from all claims and demands whatsoever arising under the Subject Agreement on or after the date of this agreement (the “Effective
Date”) and the Transferor hereby ceases to be a party to the Subject Agreement; 

  

	 	1.2	save as provided in section 9 of Schedule 6 of the Subject Agreement, the Transferor hereby assigns all of its rights under the Subject Agreement to the Transferee (including, without limitation, in respect of any
breach by the Continuing Party of the Subject Agreement antecedent to the Effective Date), and all obligations and liabilities of the Continuing Party to the Transferor under the Subject Agreement hereby cease; 

  
 1 

	 	1.3	the Transferee hereby agrees to assume and perform the obligations and liabilities from which the Transferor is released and discharged pursuant to clause 1.1 of this agreement (including, without limitation, in respect
of any breach of the Subject Agreement by the Transferor antecedent to the Effective Date) and to be bound by its terms in all respects as if the Transferee had been named as a party thereto in place of the Transferor; and 

 

	 	1.4	the Continuing Party hereby agrees to perform the Continuing Party’s obligations and liabilities under or in connection with the Subject Agreements and to be bound by its terms in all respects as if the Transferee
had been named as a party thereto, in place of the Transferor. 

  

	2.	The terms of this agreement are conditional upon the Transferee having procured on or before execution of this agreement the delivery to the Continuing Party of a guarantee substantially in the form set out in the
second schedule to this agreement (the “Indonesian Owner Guarantee”). 

  

	3.	Promptly following execution of this agreement the Transferee shall provide to the Continuing Party customary legal opinions in form and substance reasonably satisfactory to the Continuing Party from a reputable counsel
relating to the enforceability of the Indonesian Owner Guarantee, the power and authority of the Guarantor to enter into and perform the Indonesian Owner Guarantee and due execution by the Guarantor of the Indonesian Owner Guarantee and words
defined in the Subject Agreement shall have the same meaning in this clause. 

 Notices 

 

	4.	For the purposes of the Subject Agreement, the Transferee’s address for notices shall be as follows: 

  

			
	Address:	  	Wisma 46, 29th floor, Jl Jenderal Sudirman Kav 1, Jakarta 10220, Indonesia
		
	Fax No:	  	+62 21 574 2181

 Addressed for the personal attention of: President Director 

Copied to Hoegh LNG Asia Pte Ltd 
  

			
	Address:	  	72 Anson Road, #07-03 Anson House, Singapore 079911
		
	Fax No:	  	+65 64 38 64 93

 Addressed for the personal attention of: Project Manager 

Counterparts 
  

	5.	This agreement may be executed in any number of counterparts and by the parties to it on separate counterparts, each of which shall be an original, but all of which together shall constitute one and the same instrument.

  
 2 

 Governing law and arbitration 
  

	6.	This agreement shall be governed by and construed in accordance with the laws of Republic of Indonesia. 

  

	7.	Any dispute arising out of or in connection with the agreement, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration in Singapore in
accordance with the Arbitration Rules of the Singapore International Arbitration Centre (“SIAC Rules”) for the time being in force, which rules are deemed to be incorporated by reference in this Clause. The tribunal shall consist of
three arbitrators. The language of the arbitration shall be English. 

  

	8.	It is hereby agreed that an arbitral tribunal constituted under the Subject Agreement may consolidate an arbitration hereunder. 

  

	9.	Each party agrees that it will not institute any court proceedings arising out of or in connection with this agreement (and, in the event of consolidation, the Subject Agreement) except only to enforce in any court
having jurisdiction any award rendered by the arbitral tribunal. 

  

	10.	Decisions of the arbitral tribunal shall be binding in final instance upon the parties hereto. The parties hereto expressly agree in accordance with Law No. 30 of 1999 on Arbitration and Alternative Dispute
Resolution (the “Arbitration Law”) that in deciding the disagreement or dispute, the arbitrators shall be bound by strict rules of law, and may not purport to decide the same ex aequo et bono. The parties further agree to waive any
Indonesian laws and regulations, decrees or policies having the force of law that would otherwise give a right to appeal any arbitration decision or award, and to the extent applicable, as such that in conformity with Article 60 or Arbitration Law,
there shall be no appeal and/or cessation to any court of law from the decision of the arbitrators and the parties shall not challenge or resist the enforcement action taken by the party in whose favour the decision of the arbitrators was given.

  

	11.	The parties hereto expressly agree to waive the applicability of Article 48.1 of the Arbitration Law as such that the mandate of the arbitrators duly constituted in accordance with the terms of this Lease shall remain
in effect until a final arbitral award has been issued by the arbitrators. 

 Governing Language 

 

	12.	This agreement is executed in the English language. In compliance with Law No. 24 of 2009 regarding National Flag, Language, Emblem and Song, the parties agree to translate this agreement into the Indonesian
language within 90 days as of the date of this agreement or any other date as agreed between the parties. The Indonesian language agreement shall have the date of this agreement as its effective date. Such Indonesian language version shall form an
integral and inseparable part of the English version. In the event of inconsistencies or differences in interpretation between the English and Indonesian texts, the English version shall prevail and the relevant Indonesian version shall be deemed to
be automatically amended to conform with and to make the relevant Indonesian text consistent with the relevant English text. 

  
 3 

	13.	Furthermore, each party agrees it will not cite or invoke Law 24/2009 or any regulation issued thereunder, or claim that the fact this agreement was executed in the English language only, to: 

 

	 	13.1	defend its non-performance or breach of its obligations under this agreement; or 

  

	 	13.2	allege that this agreement is against public policy or otherwise does not constitute its legal, valid and binding obligations, enforceable against it in accordance with its terms. 

IN WITNESS this agreement has been duly executed on the date set out above. 

  
 4 

					
	Signed for and on behalf of Höegh LNG Ltd.	 		 	Signed for and on behalf of PT Perushaan Gas Negara (Persero) Tbk
			
	 /s/ RUNE KARLSEN
	 		 	 /s/ DJOKO SAPUTRO

	Signature	 		 	 Signature

			
	 Rune Karlsen
	 		 	 Djoko Saputro

	Name	 		 	Name
			
	 Senior Technical Manager
	 		 	 Dir of Tech & Development.

	Capacity	 		 	Capacity
			
	 11/9-13
	 		 	 18 Sept. 2013.

	Date	 		 	Date

  

	
	Signed for and on behalf of PT Hoegh LNG Lampung
	
	 /s/ HANS KRISTIANSEN

	Signature
	
	 Hans Kristiansen

	Name
	
	 Senior Project Manager

	Capacity
	
	 11/9- 2013

	Date

  
 5 

	Schedule 1	Amended and Restated Lease, Operation and Maintenance Agreement 

 [Insert copy of the Amended and
Restated LOM] 

  
 6 

	Schedule 2	Indonesian Owner Guarantee 

 This deed is made on 18 September 2013 

Between 
  

	(1)	Höegh LNG Holdings Ltd., a company incorporated under the laws of Bermuda and with its registered office at Canon’s Court, 22 Victoria Street, Hamilton IIM12, Bermuda (the “Guarantor”); and

  

	(2)	PT Perusahaan Gas Negara (Persero) Tbk, a state-owned limited liability company established under Indonesian Government Regulations and having its principal office at J1. K.H. Zainul Arifin No. 20, Jakarta 1140,
Indonesia (the “Company”) 

 Recitals 
  

	A.	The Company has entered into an amended and restated lease, operation and maintenance agreement dated 17 October 2012 (the “LOM”) with Höegh LNG Ltd. (the “Transferor”) and an
amended and restated umbrella agreement dated 17 October 2012 with the Transferor and PT Rekayasa Industri (the “Umbrella Agreement” and together with the LOM, the “Original Agreements”). 

 

	B.	Under the LOM, the Transferor agrees to lease to Company, and operate and maintain, a floating storage and regasification unit and procure a mooring system in connection with the Lampung LNG Floating Storage and
Regasification Facilities Project. 

  

	C.	Under the Umbrella Agreement, the Transferor agreed to assume joint and several liability for certain obligations. 

  

	D.	By a novation agreement in respect of the LOM (“LOM Novation Agreement”), and a novation agreement in respect of the Umbrella Agreement (“Umbrella Novation Agreement”), the Transferor
is released from all its obligations and liabilities and transfers all of its rights under the LOM to PT Hoegh LNG Lampung (the “Owner”), and the Owner assumes the Transferor’s obligations, liabilities and rights under the
Original Agreements. The Original Agreements, as novated in accordance with the LOM Novation Agreement and Umbrella Novation Agreement, shall be referred to as the “Agreements”. 

 

	E.	The Guarantor has agreed to guarantee to the Company the due and proper performance by the Owner of all the Owner’s obligations and liabilities under the Agreements (the “Guaranteed Obligations”)
on the terms of this deed. 

 Operative provisions 
  

	1.	Guarantee 

 Guarantor hereby: 

 

	 	(a)	agrees and guarantees to the Company, as an independent and primary obligor and not only as surety, that if the Owner breaches any of the Guaranteed Obligations, then the Guarantor shall on the Company’s demand
perform that Guaranteed Obligation in place of the Owner; 

  
 7 

	 	(b)	acknowledges and agrees that no variation of or alteration to the terms of the Guaranteed Obligations or to their extent, nature or method of performance, and no allowance of time, waiver, forbearance, forgiveness,
indulgence, compromise or other dealing under or in connection with the Agreements or any right or remedy arising thereunder, and no invalidity, illegality, unenforecability or irregularity of the Agreements or of any provision thereof, and no other
act, omission or default which (but for this provision) might have operated to release, exonerate or discharge the Guarantor or otherwise reduce, extinguish or adversely affect any liability of the Guarantor under the terms of this deed shall in any
way release, exonerate or discharge the Guarantor from any liability under the terms of this deed or otherwise reduce, extinguish or adversely affect any such liability, and the Guarantor hereby waives any requirement for notice to it of any such
event; 

  

	 	(c)	confirms that it has full power and capacity to enter into this deed and agrees that this deed shall not he revocable by the Guarantor, shall be a continuing guarantee, shall be additional to and not in substitution for
any rights or remedies that the Company may have against the Owner under the Agreements or at law, shall be additional to any other guarantee or security from time to time held by the Company, shall not be affected by any release or waiver of any
such guarantee or security and shall remain in full force and effect notwithstanding the winding-up, liquidation, receivership, administration, voluntary arrangement or other composition with creditors (or any event equivalent or analogous to any of
the foregoing under the law of any jurisdiction) of the Owner or if the Owner is unable to pay its debts (as defined by sections 123(1) and 268(1) of the Insolvency Act 1986, as amended); 

 

	 	(d)	agrees that all sums payable by the Guarantor under this deed shall be paid to the Company in full, free of all present or future taxes, levies, duties, charges, fees, withholdings or deductions (together referred to as
“Deductions”) and, if the Guarantor is compelled by law to make any Deduction, the Guarantor will gross-up the payment so that the net sum received by the Company is equal to the full amount which the Company would have received had
no such Deduction been made; 

  

	 	(e)	agrees that, as long as the Owner remains under any actual or contingent liability under the terms of the Agreements, it shall not take any security from the Owner in connection with this deed (and, if taken, any such
security shall be held by the Guarantor as security for its liability to the Company under this deed) or take any step to enforce any right or claim against the Owner in respect of any payment made under or liability arising from or in connection
with this deed or exercise any rights as Guarantor in competition with the Company; 

  

	 	(f)	agrees that the obligations of the Guarantor under this deed and the Owner under the Agreement are independent and several obligations, and accordingly that the Company shall not be obliged, before enforcing any of its
rights or remedies under this deed, to commence proceedings or take any other action against the Owner or enforce any other guarantee or security from time to time held by the Company in respect of the Guaranteed Obligations; and 

 

	 	(g)	agrees that the Company shall be entitled to assign any or all of its rights or benefits under this deed (whether or not accrued) at any time to any person who takes an assignment of any of the rights under the
Agreements or the benefit thereof, subject mutatis mutandis to the same terms. 

  
 8 

	2.	Claims procedure 

  

	 	(a)	Any demand under this deed shall be in writing and shall be served personally or by first class pre-paid post or by fax. The address, fax number and attention for service of any demand upon the Guarantor shall be the
address, fax number and attention stated in clause 2(c) below or such other address, fax number or attention as may from time to time be notified in writing by the Guarantor to the Company. 

 

	 	(b)	A demand shall be deemed to be received in the case of: 

  

	 	(i)	pre-paid post, on the day it is received; 

  

	 	(ii)	delivery by hand, when so delivered; and 

  

	 	(iii)	fax, upon the receipt by the sender of a transmission report from the dispatching fax which confirms that all of the pages comprised in the demand have been successfully sent to the Guarantor’s fax number,

 provided that, in the case of service in accordance with clauses 2(b)(ii) and 2(b)(iii), if the date of receipt of the
demand is not a business day in the country of the recipient, or if the demand is received outside the hours of 9.00 a.m. to 5.00 p.m., it shall be deemed to have been received at 9.00 a.m, on the next business day. 

 

	 	(c)	The address, fax number and attention for service of demands upon the Guarantor are: 

  

			
	Address:	  	Höegh LNG AS, Drammensveien 134, P.O. Box 4 Skoyen, NO-0212 Oslo, Norway
		
	Fax No.:	  	+47 97 55 74 00
		
	Attention:	  	President & CEO

  

	3.	No waiver and provisions severable 

  

	 	(a)	No failure or delay by the Company in exercising any right or remedy shall operate as a waiver, nor shall any single or partial exercise or waiver of any right or remedy preclude its further exercise or the exercise of
any other right or remedy. 

  

	 	(b)	Each of the provisions of this deed is severable from the others, and if for any reason any such provision is or becomes ineffective, inoperable, invalid or unenforceable it shall be severed and deemed deleted from this
deed, and in such event the remaining provisions of this deed shall continue to have full force and effect. 

  

	4.	Governing law and forum 

  

	 	(a)	This deed shall be governed by the laws of the England. 

  

	 	(b)	Any dispute arising out of or in connection with this deed, including any question regarding its existence, validity or termination, shall he referred to and finally resolved by arbitration in Singapore in accordance
with the Arbitration Rules of the Singapore International Arbitration Centre (“SIAC Rules”) for the time being in force, which rules are deemed to be incorporated by reference in this clause. 

  
 9 

	 	(c)	The Tribunal shall consist of three arbitrators. 

  

	 	(d)	The language of the arbitration shall be English. 

  

	 	(e)	An arbitral tribunal constituted under this clause 4 may, unless consolidation would prejudice the rights of any party, consolidate arbitration hereunder with arbitration under the LOM and/or the Umbrella Agreement if
the arbitral proceedings raise common questions of law or fact. If two or more arbitral tribunals under this deed or the LOM and/or the Umbrella Agreement issues consolidation orders, the order issued first shall prevail. 

 

	 	(f)	The decision of the arbitration is final and binding on the parties. No party may bring an appeal to any court or other authority in relation to the decision of the arbitration. Except to enforce the decision of the
arbitration, no party may bring any action in any court in Indonesia or elsewhere in relation to the dispute. 

  

	5.	Counterparts 

 This deed may be executed in any number of counterparts, each of which
when executed shall be an original, and all the counterparts together shall constitute one and the same instrument. 
  

	6.	Confidentiality 

 Each party hereby undertakes to maintain the confidentiality of this
deed and may only disclose (except with the written consent of the other party, such consent not to be unreasonably withheld or delayed) this deed to: 
  

	 	(a)	its Affiliates (as defined in the LOM), its and its Affiliates’ officers, management personnel, and financial (including auditing and taxation), insurance, and legal advisors to the extent reasonable necessary for
the purposes of the Agreement and this deed; 

  

	 	(b)	Permitted Creditors (as defined in the LOM); and 

  

	 	(c)	a competent court, or for the purposes of any arbitration, or expert or other dispute resolution proceeding under this deed or the Agreements, or as may be required by law or any competent legal or regulatory authority
having jurisdiction over that party. 

  

	7.	Governing Language 

  

	 	(a)	 This deed is executed in the English language. In compliance with Law No. 24 of 2009 regarding National Flag, Language, Emblem and Song, the
parties agree to translate this deed into the Indonesian language within 90 days as of the date of this deed or any other date as agreed between the parties. The Indonesian language agreement shall have the date of this deed as its effective date.
Such Indonesian language version shall form an integral and inseparable part of the English version. In the event of inconsistencies or differences in interpretation between the English

  
 10 

	 	
and Indonesian texts, the English version shall prevail and the relevant Indonesian version shall be deemed to be automatically amended to conform with and to make the relevant Indonesian text
consistent with the relevant English text. 

  

	 	(b)	Furthermore, each party agrees it will not cite or invoke Law 24/2009 or any regulation issued thereunder, or claim that the fact this deed was executed in the English language only, to: 

 

	 	(i)	defend its non-performance or breach of its obligations under this deed; or 

  

	 	(ii)	allege that this deed is against public policy or otherwise does not constitute its legal, valid and binding obligations, enforceable against it in accordance with its terms. 

IN WITNESS WHEREOF, this instrument has been executed and delivered as a deed. 

  
 11 

					
	Signed for and on behalf of Höegh LNG Holdings Ltd.	 		 	Signed for and on behalf of PT Perushaan Gas Negara (Persero) Tbk
			
	 /s/ RUNE KARLSEN
	 		 	 /s/ DJOKO SAPUTRO

	Signature	 		 	Signature
			
	 Rune Karlsen
	 		 	 Djoko Saputro

	Name	 		 	Name
			
	 Senior Technical Manager
	 		 	 Dir of Tech & Development.

	Capacity	 		 	Capacity
			
	 11/9-13
	 		 	 18 Sept. 2013.

	Date	 		 	Date

  
 12 

 NOVATION AGREEMENT FOR AMENDED & RESTATED LEASE, OPERATION & 

MAINTENANCE AGREEMENT 
 This agreement is
made on 21 February 2014 
 Among 
  

	(1)	PT Perusahaan Gas Negara (Persero) Tbk, a state-owned limited liability company established under Indonesian Government Regulations and having its principal office at Jl. K.H. Zainul Arifin No. 20, Jakarta 11140,
Indonesia (the “Transferor”); 

  

	(2)	PT PGN LNG Indonesia, a limited liability company duly established and existing under the laws of the Republic of Indonesia and having its registered office at Jl. K.H. Zainul Arifin No. 20, Jakarta 11140,
Indonesia (the “Transferee”); and 

  

	(3)	PT Hoegh LNG Lampung, a limited liability company duly established and existing under the laws of the Republic of Indonesia and having its registered office at Jl. Jenderal Sudirman Kay 1, Jakarta 10220, Indonesia (the
“Continuing Party”). 

 For the purpose of this deed, the Transferor, the Transferee and the Continuing Party may sometimes
individually be referred to as a “Party” and collectively referred to as the “Parties”. 
 Recitals 

 

	A.	The Continuing Party and the Transferor are Parties to an agreement made between them pursuant to the novation agreement dated 18 September 2013 for the novation of the amended and restated lease, operation and
maintenance agreement dated 17 October 2012, a copy of which is set out in the first schedule hereto (the “Subject Agreement”). 

  

	B.	Under the Subject Agreement, the Continuing Party agrees to lease to the Transferor, and operate and maintain, a floating storage and regasification unit and procure a mooring system in connection with the Lampung LNG
Floating Storage and Regasification Facilities Project. 

  

	C.	In accordance with its decree regarding Novation of Contracts and Permits relating to the Lampung LNG Project (the “Decree”), the Transferor’s Board of Directors has determined that the
Transferor’s rights and obligations under the Subject Agreement shall be carried out by the Transferee and therefore, the Transferor wishes that its rights and obligations under the Subject Agreement be novated to the Transferee.

  

	D.	By this agreement Transferor wishes to be released from all its obligations and liabilities arid transfers all of its rights, obligations and liabilities under the Subject Agreement to the Transferee, and the Transferee
assumes Transferor’s obligations, liabilities and rights under the Subject Agreement. The Continuing Party agrees to such release and assumption. 

  
 1 

 Operative provisions 

Interpretation 
  

	1.	Expressions defined in the Subject Agreement have the same meaning in this agreement unless the context requires otherwise, and: 

“Restricted Person” means a Person that is: (i) listed on, or owned or controlled by a Person listed on, or acting on
behalf of a Person listed on, any Sanctions List; (ii) not a natural person and is located in, incorporated under the laws of, or owned or (directly or indirectly) controlled by, or acting on behalf of, a Person located in or organized under
the Laws of a country or territory that is the target of country-wide or territory-wide Sanctions; or (iii) otherwise a target of Sanctions (“target of Sanctions” signifying a person with whom a US person or other national of a
Sanctions Authority would be prohibited or restricted by Sanctions from engaging in trade, business or other activities); 

“Sanctions” means the economic sanctions laws, regulations, embargoes or restrictive measures administered, enacted or
enforced by: (i) the United States government; (ii) the United Nations; (iii) the European Union; (iv) the United Kingdom; or (v) the respective governmental institutions and agencies of any of the foregoing, including,
without limitation, the Office of Foreign Assets Control of the US Department of Treasury (OFAC), the United States Department of State and Her Majesty’s Treasury (HMT) (together, the “Sanctions Authorities”); and 

“Sanctions List” means the “Specially Designated Nationals and Blocked Persons” list maintained by OFAC, the
Consolidated List of Financial Sanctions Targets and the Investment Ban List maintained by HMT, or any similar list maintained by, or public announcement of Sanctions designation made by, any of the Sanctions Authorities. 

Novation 
  

	2.	In consideration of the other Parties’ entering into their respective obligations under this agreement, with effect on and from the Effective Date: 

 

	 	2.1.	the Continuing Party hereby releases and discharges the Transferor (including without limitation in respect of any breach of the Subject Agreement by the Transferor antecedent to the Effective Date) from all of the
Transferor’s obligations and liabilities under or in connection with the Subject Agreement, and from all claims and demands whatsoever arising under the Subject Agreement on or after the Effective Date and the Transferor hereby ceases to be a
party to the Subject Agreement; 

  

	 	2.2.	the Transferor hereby novates all of its rights and obligations under the Subject Agreement to the Transferee (including, without limitation, in respect of any breach by the Continuing Party of the Subject Agreement
antecedent to the Effective Date), and all obligations and liabilities of the Continuing Party to the Transferor under the Subject Agreement hereby cease; 

  
 2 

	 	2.3.	the Transferee hereby assumes the liabilities and shall perform the obligations from which the Transferor is released and discharged pursuant to clause 2.1 of this agreement (including, without limitation, in respect of
any breach of the Subject Agreement by the Transferor antecedent to the Effective Date) and to be bound by its terms in all respects as if the Transferee had been named as a party thereto in place of the Transferor; and 

 

	 	2.4.	the Continuing Party hereby agrees to perform the Continuing Party’s obligations and liabilities under or in connection with the Subject Agreements and to be bound by its terms in all respects as if the Transferee
had been named as a party thereto, in place of the Transferor. 

  

	3.	The “Effective Date” shall be the date upon which each of the following conditions have been satisfied: 

  

	 	3.1.	a guarantee and indemnity in the form set out in the second schedule to this agreement (the “Transferor Guarantee”) has been duly executed and delivered to the Continuing Party, in full force and
effect; and 

  

	 	3.2.	customary legal opinions have been issued in form and substance reasonably satisfactory to the Continuing Party and the agent acting on behalf of Permitted Creditors (“Lenders’ Agent”) from a
reputable Indonesian counsel relating to the validity and enforceability of the Transferor Guarantee and the power and authority of the Transferor to enter into and perform the Transferor Guarantee. 

 

	4.	The Transferor hereby represents and warrants to the Continuing Party on the date of this agreement and on the Effective Date that (i) it is a corporation duly incorporated and validly existing and in good standing
under the laws of the country of its incorporation and has the corporate power and authority to enter into and perform its obligations under this agreement and all necessary corporate, shareholder and other action has been taken to authorise the
execution, delivery and performance of the same; and (ii) that this agreement constitutes legal, valid and binding obligations applicable to it and the obligations are in full force and effect in accordance with their terms, and the delivery
and performance by Transferor of this agreement will not contravene any law of any governmental authority having jurisdiction over Transferor. 

Share Transfer 
  

	5.	With effect on and from the Effective Date, the Parties agree that: 

  

	 	5.1.	Before Acceptance, the Transferee shall not cease to be wholly owned and wholly Controlled by the Transferor. 

  
 3 

	 	5.2.	After Acceptance, the Transferor shall not cease to Control the Transferee nor cease to own 51 per cent. of the Transferee’s issued share capital, and the Transferor shall: 

 

	 	(i)	not assign, transfer, dispose of any share, or interest in any share, in the Transferee (a “Share Transfer”): 

  

	 	A.	before the 30th day after the Continuing Party has received notice of the Share Transfer and the information required under Clause 5.3 (the “Objection Date”); or 

 

	 	B.	if, before the Objection Date, the Continuing Party notifies the Transferor that it objects to the Share Transfer in accordance with this Clause 5, specifying the reason for that objection and providing reasonable
supporting evidence, where applicable (such notice, an “Objection Notice”); and 

  

	 	(ii)	ensure that no shares, or interest in any share, in the Transferee is traded on a securities exchange that is located in or organised under the laws of a country or territory that is the target of country-wide or
territory-wide Sanctions (a “Restricted Exchange”); 

  

	 	(iii)	ensure that no other shareholder of the Transferee, from time to time, enters into a Share Transfer with a Restricted Person, except in respect of shares that are listed (and, following a Share Transfer, would remain
listed) on a recognised securities exchange that is not a Restricted Exchange. 

  

	 	5.3.	The Transferee shall: 

  

	 	(i)	notify the Continuing Party of: 

  

	 	A.	any proposed initial public offering of its shares, including details of the securities exchange; and 

  

	 	B.	the identity of any Person proposing to acquire rights in or over any share, or interest in any share, in the Transferee (such Person, the “Acquirer”) otherwise than by an initial public offering; and

  

	 	(ii)	provide to the Continuing Party such information as Permitted Creditors require to complete their “know your customer” approvals of the Acquirer, if the Continuing Party is entitled to give an Objection Notice
for the matter described in Clause 5.5(vi). 

  

	 	5.4.	The Continuing Party may only give the Transferor an Objection Notice in respect of an initial public offering of the Transferee’s shares for the matters described in Clauses 5.5(i), 5.5(ii), 5.5(iii), 5.5(iv) or
5.5(vii) or if the relevant securities exchange is a Restricted Exchange. 

  

	 	5.5.	Subject to Clause 5.4, the Continuing Party may only give the Transferor an Objection Notice if: 

  

	 	(i)	any Person other than the Transferor would Control the Transferee, or if the Transferor would own less than 51 per cent. of the Transferee’s issued share capital; 

  
 4 

	 	(ii)	the applicable laws of any member country of the Organisation for Economic Co-operation and Development, the European Union or the Association of Southeast Asian Nations (or any successor of such organisations) prevent
(a) the Continuing Party from being party to or performing the Subject Agreement or (b) Höegh LNG Holdings Ltd from providing or performing the guarantee of the Continuing Party’s obligations under the Subject Agreement; provided
that, together with the Objection Notice, the Continuing Party provides the Transferor with a copy of a legal opinion from a reputable counsel, and reasonable background information, in respect of such applicable laws and their effect;

  

	 	(iii)	a breach or repudiation of the Subject Agreement, this agreement or the Transferor Guarantee by the Transferor or the Transferee (as the case may be) is continuing unremedied and/or unwaived; 

 

	 	(iv)	the Continuing Party has not received a legal opinion, in form and substance reasonably satisfactory to the Continuing Party and the Lenders’ Agent from a reputable Indonesian counsel, confirming the validity and
enforceability of the Transferor Guarantee after the Share Transfer, and the power and authority of the Transferor to enter into and perform those agreements (and all other instruments to give effect to the same); 

 

	 	(v)	the Acquirer has not satisfied the Continuing Party’s internal corporate governance requirements relating to anti-bribery, money laundering or terrorism; 

 

	 	(vi)	the Lenders’ Agent has not confirmed by written notice to the Continuing Party that Permitted Creditors have obtained all internal “know your customer” approvals required for the Acquirer; or

  

	 	(vii)	the Continuing Party would incur any additional direct cost, Tax or other liability, as a result of such Share Transfer for which they have not been compensated in full. 

 

	6.	The Subject Agreement is hereby amended with effect on and from the Effective Date as follows: 

  

	 	6.1.	the aggregate principal amount in US dollars of the Company LoC shall be equivalent to the product of 90 multiplied by the Full Hire Rate; 

  
 5 

	 	6.2.	it shall be an Event of Company’s Default if: 

  

	 	(i)	the Transferor ceases to Control the Transferee or ceases to own 51 per cent of the Transferee’s issued share capital; or 

  

	 	(ii)	a Share Transfer occurs other than in accordance with Clause 5, and such breach (not arising from a matter described in Clause 6.2(i)) is not remedied within 30 days after the Transferor becoming aware of such breach;

  

	 	6.3.	it shall be an Event of Company’s Default if any of the following occurs: 

  

	 	(i)	the Transferor Guarantee becomes and remains unenforceable or ceases to be valid and binding in accordance with its terms or the Transferor terminated the Transferor Guarantee because Indonesian law or a direction by a
Governmental Authority so required, and the Transferee fails to procure a valid, binding and enforceable guarantee and indemnity from Transferor in form and substance satisfactory to the Continuing Party and Lenders’ Agent (each acting
reasonably) guaranteeing the Transferee’s performance of the Subject Agreement, before the 20th day after the Transferor has received notice from the Continuing Party (which replacement guarantee shall thereafter become the Transferor Guarantee
for the purposes of this agreement and the Subject Agreement); 

  

	 	(ii)	the Transferor Guarantee is for any reason terminated (other than if the Transferor terminated because Indonesian law or a direction by a Governmental Authority so required, or if termination was with the Continuing
Party’s written agreement), repudiated, or rescinded; or 

  

	 	(iii)	an Insolvency Event is continuing with respect to Transferor and has continued un-remedied for 21 days after the Transferor has received notice from the Continuing Party. 

 

	7.	The Transferor shall be jointly and severally liable with the Transferee for the Transferee’s payment obligations under the Subject Agreement if any of the events described in Clause 6.3 occur, with effect on and
from the date that any such event occurs. 

 Notices 
  

	8.	For the purposes of the Subject Agreement, the Transferee’s address for notices shall be as follows: 

  

			
	Address:	  	PT PGN LNG Indonesia, Equity Tower, 16th Floor SCBD Lot 9, Jl. Jenderal Sudirman Kav. 52-53, Jakarta 12190 Indonesia
		
	Fax No:	  	62 21 2903 7444

 Addressed for the personal attention of: President Director 

  
 6 

 Counterparts 
  

	9.	This agreement may be executed in any number of counterparts and by the Parties to it on separate counterparts, each of which shall be an original, but all of which together shall constitute one and the same instrument.

 Governing law and arbitration 
  

	10.	This agreement shall be governed by and construed in accordance with the laws of Republic of Indonesia. 

  

	11.	Any dispute arising out of or in connection with the agreement, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration in Singapore in
accordance with the Arbitration Rules of the Singapore International Arbitration Centre (“SIAC Rules”) for the time being in force, which rules are deemed to be incorporated by reference in this Clause. The tribunal shall consist of
three arbitrators. The language of the arbitration shall be English. 

  

	12.	It is hereby agreed that an arbitral tribunal constituted under the Subject Agreement may consolidate an arbitration hereunder. 

  

	13.	Each Party agrees that it will not institute any court proceedings arising out of or in connection with this agreement (and, in the event of consolidation, the Subject Agreement) except only to enforce in any court
having jurisdiction any award rendered by the arbitral tribunal. 

  

	14.	Decisions of the arbitral tribunal shall be binding in final instance upon the Parties. The Parties expressly agree in accordance with Law No. 30 of 1999 on Arbitration and Alternative Dispute Resolution (the
“Arbitration Law”) that in deciding the disagreement or dispute, the arbitrators shall be bound by strict rules of law, and may not purport to decide the same ex aequo et bono. The Parties further agree to waive any Indonesian laws
and regulations, decrees or policies having the force of law that would otherwise give a right to appeal any arbitration decision or award, and to the extent applicable, as such that in conformity with Article 60 of Arbitration Law, there shall be
no appeal and/or cessation to any court of law from the decision of the arbitrators and the Parties shall not challenge or resist the enforcement action taken by the Party in whose favour the decision of the arbitrators was given. 

 

	15.	The Parties expressly agree to waive the applicability of Article 48.1 of the Arbitration Law as such that the mandate of the arbitrators duly constituted in accordance with the terms of this Lease shall remain in
effect until a final arbitral award has been issued by the arbitrators. 

 Governing Language 

 

	16.	 This agreement is executed in the English language. In compliance with Law No. 24 of 2009 regarding National Flag, Language, Emblem and Song, the
Parties agree to translate this agreement into the Indonesian language and execute the Indonesian language version 

  
 7 

	 	
of this agreement within 90 days as of the date of this agreement or any other date as agreed among the Parties. The Indonesian language agreement shall have the date of this agreement as its
effective date. Such Indonesian language version shall form an integral and inseparable part of the English version. In the event of inconsistencies or differences in interpretation between the English and Indonesian texts, the relevant Indonesian
version shall be deemed to be automatically amended to conform with and to make the relevant Indonesian text consistent with the relevant English text. 

  

	17.	Furthermore, each Party agrees it will not cite or invoke Law 24/2009 or any regulation issued thereunder, or claim that the fact this agreement was executed in the English language only, to: 

 

	 	17.1.	defend its non-performance or breach of its obligations under this agreement; or 

  

	 	17.2.	allege that this agreement is against public policy or otherwise does not constitute its legal, valid and binding obligations, enforceable against it in accordance with its terms. 

IN WITNESS this agreement has been duly executed on the date set out above. 

Each of the undersigned hereby undertakes that it has read this agreement and understands its English contents, and that this agreement has been entered into
freely and without duress and that independent legal advice has been given. 
 Setiap penandatangan dengan ini menyatakan bahwa ia telah membaca perjanjian
ini dan memahami isinya yang dibuat dalam bahasa Inggris, dan bahwa perjanjian ini telah ditandatangani secara sukarela tanpa adanya paksaan dan bahwa kepadanya telah diberikan nasihat oleh penasihat hukum independen. 

 

					
	Signed for and on behalf of PT Perusahaan Gas Negara (Persero) Tbk	 		 	Signed for and on behalf of PT Hoegh LNG Lampung
			
	 /s/ DJOKO SAPUTRO
	 		 	 /s/ JAKOB STAMPE

	Signature	 		 	Signature
			
	 Djoko Saputro
	 		 	 Jakob Stampe

	Name	 		 	Name
			
	 Dir. Of Tech. & Dev.
	 		 	 President Director

	Capacity	 		 	Capacity
			
	 20 Feb. 2014
	 		 	  

	Date	 		 	Date

  
 8 

	
	Signed for and on behalf of PT PGN LNG Indonesia
	
	 /s/ NISI SETYOBUDI

	Signature
	
	 Nisi Setyobudi

	Name
	
	 President Director

	Capacity
	
	 February 2014

	Date

  
 9 

	Schedule 1	Amended and Restated Lease, Operation and Maintenance Agreement 

  
 10 

	Schedule 2	Transferor Guarantee 

 This deed is made on [—] 

By and between: 
  

	(1)	PT Perusahaan Gas Negara (Persero) Tbk, a state-owned publicly limited liability company duly established and existing under the laws of the Republic of Indonesia and having its registered office at Jalan K.H. Zainul
Arifin No. 20, Jakarta 11140, Indonesia (the “Guarantor”); and 

  

	(2)	PT Hoegh LNG Lampung, a limited liability company duly established and existing under the laws of the Republic of Indonesia and having its registered office at 51 Jenderal Sudirman Kay 1, Jakarta 10220, Indonesia
(“Owner”). 

 For the purpose of this deed, the Guarantor and the Owner may sometimes individually be referred to as a
“Party” and collectively referred to as the “Parties”. 
 Recitals: 

 

	A.	The Guarantor and the Owner are Parties to an agreement made between them pursuant to a novation agreement dated 18 September 2013 for the novation of the amended and restated agreement of the original lease,
operation and maintenance agreement dated 17 October 2012 (the “LOM”) between the Guarantor and Höegh LNG Ltd. 

  

	B.	Under the LOM, the Owner agrees to lease to the Guarantor, and operate and maintain, a floating storage arid regasification unit and procure a mooring system in connection with the Lampung LNG Floating Storage and
Regasification Facilities Project. 

  

	C.	By a novation agreement dated [—] (the “Novation Agreement”) the Guarantor is released from all its obligations and liabilities and transfers all of
its rights under the LOM to PT PGN LNG Indonesia (the “Transferee”), and the Transferee assumes the Guarantor’s obligations, liabilities and rights under the LOM. 

 

	D.	By a novation agreement entered into by the Parties (“Umbrella Novation Agreement”) the Transferee became party to, and assumed certain obligations, liabilities and rights of the Guarantor, and the
Owner became party to and assumed obligations, liabilities and rights of Höegh LNG Ltd, under the amended and restated umbrella agreement dated 17 October 2012 between the Guarantor, PT Rekayasa Industri and Höegh LNG Ltd
(“Umbrella Agreement”). 

  

	E.	The LOM (as novated and amended in accordance with the Novation Agreement), the Novation Agreement, the Umbrella Novation Agreement and the Umbrella Agreement, shall be referred to as the “Agreements”.

  

	F.	The Guarantor has agreed to guarantee to the Owner the due and proper performance by Transferee of all the Transferee’s obligations and liabilities under the Agreements (the “Guaranteed
Obligations”) on the terms of this deed. 

  
 11 

 Operative provisions 
  

	1.	Guarantee 

  

	1.1	With effect on and from the Effective Date (as defined under the Novation Agreement), the Guarantor hereby: 

  

	 	(a)	agrees and guarantees to the Owner, as an independent and primary obligor and not only as surety, that if the Transferee breaches any of the Guaranteed Obligations, then the Guarantor shall on the Owner’s demand
perform that Guaranteed Obligation in place of the Transferee and shall indemnify and save harmless the Owner from and against any and all losses, damages, expenses, liabilities, claims, costs or proceedings which the Owner may suffer or incur by
reason of that breach or any of the Guaranteed Obligations being or becoming totally or partially unenforceable by reason of illegality, incapacity, lack or exceeding of powers, ineffectiveness of execution or any other matter; provided that the
Guarantor’s liability under this deed shall be no greater than the Transferee’s liability under the Agreements (or what its liability would have been had the relevant obligations been fully enforceable); 

 

	 	(b)	acknowledges and agrees that no variation of or alteration to the terms of the Guaranteed Obligations or to their extent, nature or method of performance, and no allowance of time, waiver, forbearance, forgiveness,
indulgence, compromise or other dealing under or in connection with the Agreements or any right or remedy arising thereunder, and no invalidity, illegality, unenforceability or irregularity of the Agreements or of any provision thereof, and no other
act, omission or default which (but for this provision) might have operated to release, exonerate or discharge the Guarantor or otherwise reduce, extinguish or adversely affect any liability of the Guarantor under the terms of this deed shall in any
way release, exonerate or discharge the Guarantor from any liability under the terms of this deed or otherwise reduce, extinguish or adversely affect any such liability, and the Guarantor hereby waives any requirement for notice to it of any such
event; 

  

	 	(c)	agrees that this deed shall not be revocable by the Guarantor, shall be a continuing guarantee, shall be additional to and not in substitution for any rights or remedies that the Owner may have against the Transferee
under the Agreements or at law, shall be additional to any other guarantee or security from time to time held by the Owner, shall not be affected by any release or waiver of any such guarantee or security and shall remain in full force and effect
notwithstanding the winding-up, liquidation, receivership, administration, voluntary arrangement or other composition with creditors (or any event equivalent or analogous to any of the foregoing under the law of any jurisdiction) of the Transferee
or if the Transferee is unable to pay its debts (as defined in Indonesian Bankruptcy and Suspension of Debt Payment Obligation Law 37 of 2004, as amended); 

  
 12 

	 	(d)	acknowledges and agrees that its liabilities and obligations under this deed shall not be limited to its proportion of shareholding in the Transferee; 

 

	 	(e)	agrees that all sums payable by the Guarantor under this deed shall be paid to the Owner in full, free of all present or future taxes, levies, duties, charges, fees, withholdings or deductions (together referred to as
“Deductions”) and, if the Guarantor is compelled by law to make any Deduction, the Guarantor will gross-up the payment so that the net sum received by the Owner is equal to the full amount which the Owner would have received had no
such Deduction been made; 

  

	 	(f)	agrees that, as long as the Transferee remains under any actual or contingent liability under the terms of the Agreements, it shall not take any security from the Transferee in connection with this deed (and, if taken,
any such security shall be held by the Guarantor as security for its liability to the Owner under this deed) or take any step to enforce any right or claim against the Transferee in respect of any payment made under or liability arising from or in
connection with this deed or exercise any rights as Guarantor in competition with the Owner; 

  

	 	(g)	agrees that the obligations of the Guarantor under this deed and the Transferee under the Agreements are independent and several obligations, and accordingly that the Owner shall not be obliged, before enforcing any of
its rights or remedies under this deed, to commence proceedings or take any other action against the Transferee or enforce any other guarantee or security from time to time held by the Owner in respect of the Guaranteed Obligations;

  

	 	(h)	agrees that the Owner shall be entitled to assign any or all of its rights or benefits under this deed (whether or not accrued) at any time to any person who takes an assignment of any of the rights under the Agreements
or the benefit thereof, subject mutatis mutandis to the same terms. 

  

	 	(i)	waives in favour of the Owner any and all of its rights, protection, privileges and defences provided by law to a guarantor and in particular the provisions in Article 1430, 1831 (but only to the extent it requires the
Owner to exhaust their remedies against the Guarantor), 1837, 1843, 1347 through 1850 of the Indonesian Civil Code (Kitab Undang-Undang Hukum Perdata); and 

  

	 	(j)	waives any right to and agrees not to make any claim or set off or “Kompensasi” as provided in Articles 1425 through 1435 of the Indonesian Civil Code and agrees not to make any counter claim in any action
brought by the Owner to enforce its rights hereunder. 

  

	1.2	 The Guarantor confirms that, on the date hereof and on the Effective Date: (i) it is a corporation duly incorporated and validly existing and in
good standing under the laws of the country of its incorporation and has the corporate power and authority to enter into 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; and (ii) that this deed constitutes legal, valid and binding obligations applicable to 

  
 13 

	 	
it and the obligations are in full force and effect in accordance with their terms, and the delivery and performance by Guarantor of this deed will not contravene any law of any governmental
authority having jurisdiction over Guarantor. 

  

	2.	Claims procedure 

  

	 	(a)	Any demand under this deed shall be in writing and shall be served personally or by first class pre-paid post or by fax. The address, fax number and attention for service of any demand upon the Guarantor shall be the
address, fax number and attention stated in Clause 2(c) below or such other address, fax number or attention as may from time to time be notified in writing by the Guarantor to the Owner. 

 

	 	(b)	A demand shall be deemed to be received in the case of: 

  

	 	(i)	pre-paid post, on the day it is received; 

  

	 	(ii)	delivery by hand, when so delivered; and 

  

	 	(iii)	fax, upon the receipt by the sender of a transmission report from the dispatching fax which confirms that all of the pages comprised in the demand have been successfully sent to the Guarantor’s fax number,

 provided that, in the case of service in accordance with Clauses 2(b)(ii) and 2(b)(iii), if the date of receipt of the
demand is not a business day in the country of the recipient, or if the demand is received outside the hours of 9.00 a.m. to 5.00 p.m., it shall be deemed to have been received at 9.00 a.m. on the next business day. 

 

	 	(c)	The address, fax number and attention for service of demands upon the Guarantor are: 

  

			
	Address:	  	 PT Perusahaan Gas Negara (Persero) Tbk
 Jalan
K.H. Zainul Arifin No. 20, Jakarta 11140, Indonesia

		
	Fax No.:	  	+6221 633 3080/638 54601
		
	Attention:	  	Kepala Divisi Pengembangan Bisnis dan Pengendalian Portofolio

  

	3.	No waiver and provisions severable 

  

	 	(a)	No failure or delay by the Owner in exercising any right or remedy shall operate as a waiver, nor shall any single or partial exercise or waiver of any right or remedy preclude its further exercise or the exercise of
any other right or remedy. 

  

	 	(b)	 Each of the provisions of this deed is severable from the others, and if for any reason any such provision is or becomes ineffective, inoperable,
invalid or unenforceable it shall be severed and deemed deleted from this deed, and in such 

  
 14 

	 	
event the remaining provisions of this deed shall continue to have full force and effect. While the remaining provisions of this deed continues to have full force and effect, the Parties agree to
replace such ineffective, inoperable, invalid or unenforceable provisions with effective, operable, valid or enforceable provisions which come as close as possible to the original provisions as regards to its commercial intent. 

 

	4.	Governing law and forum 

  

	 	(a)	This deed shall be governed by the laws of the Republic of Indonesia. 

  

	 	(b)	Any dispute arising out of or in connection with this deed, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration in Singapore in accordance
with the Arbitration Rules of the Singapore International Arbitration Centre (“SIAC Rules”) for the time being in force, which rules are deemed to be incorporated by reference in this clause. 

 

	 	(c)	The tribunal shall consist of three arbitrators. 

  

	 	(d)	The language of the arbitration shall be English. 

  

	 	(e)	An arbitral tribunal constituted under this clause 4 may, unless consolidation would prejudice the rights of any Party, consolidate arbitration hereunder with arbitration under any of the Agreements and/or the Novation
Agreement if the arbitral proceedings raise common questions of law or fact. If two or more arbitral tribunals under this deed or any of the Agreements or the Novation Agreement issues consolidation orders, the order issued first shall prevail.

  

	 	(f)	Each Party agrees that it will not institute any court proceedings arising out of or in connection with this deed (and, in the event of consolidation, the Agreements and/or the Novation Agreement) except only to enforce
in any court having jurisdiction any award rendered by the arbitral tribunal. 

  

	 	(g)	The decisions of the arbitration shall be binding in final instance upon the Parties hereto. The Parties hereto expressly agree in accordance with Law No. 30 of 1999 on Arbitration and Alternative Dispute
Resolution (the “Arbitration Law”) that in deciding the disagreement or dispute, the arbitrators shall be bound by strict rules of law, and may not purport to decide the same ex aequo et bono. The Parties further agree to waive any
Indonesian laws and regulations, decrees or policies having the force of law that would otherwise give a right to appeal any arbitration decision or award, and to the extent applicable, as such that in conformity with Article 60 of Arbitration Law,
there shall be no appeal and/or cessation to any court of law from the decision of the arbitrators and the Parties shall not challenge or resist the enforcement action taken by the Party in whose favour the decision of the arbitrators was given.

  

	 	(h)	The Parties hereto expressly agree to waive the applicability of Article 48.1 of the Arbitration Law as such that the mandate of the arbitrators duly constituted in accordance with the terms of this deed shall remain in
effect until a final arbitral award has been issued by the arbitrators. 

  
 15 

	5.	Counterparts 

 This deed may be executed in any number of counterparts, each of which
when executed shall be an original, and all the counterparts together shall constitute one and the same instrument. 
  

	6.	Confidentiality 

 Each Party hereby undertakes to maintain the confidentiality of this
deed and may only disclose (except with the written consent of the other Party, such consent not to be unreasonably withheld or delayed) this deed to: 
  

	 	(a)	its Affiliates (as defined in the LOM), its and its Affiliates’ officers, management personnel, and financial (including auditing and taxation), insurance, and legal advisors to the extent reasonable necessary for
the purposes of the Agreements and this deed; 

  

	 	(b)	Permitted Creditors (as defined in the LOM); and 

  

	 	(c)	a competent court, or for the purposes of any arbitration, or expert or other dispute resolution proceeding under this deed or the Agreements, or as may be required by law or any competent legal or regulatory authority
having jurisdiction over that Party. 

  

	7.	Governing Language 

  

	 	(a)	This deed is executed in the English language. In compliance with Law No. 24 of 2009 regarding National Flag, Language, Emblem and Song, the Parties agree to translate this deed into the Indonesian language and
execute the Indonesian language version of this deed within 90 days as of the date of this deed or any other date as agreed among the Parties. The Indonesian language deed shall have the date of this deed as its effective date. Such Indonesian
language version shall form an integral and inseparable part of the English version. In the event of inconsistencies or differences in interpretation between the English and Indonesian texts, the relevant Indonesian version shall be deemed to be
automatically amended to conform with and to make the relevant Indonesian text consistent with the relevant English text. 

  

	 	(b)	Furthermore, each Party agrees it will not cite or invoke Law 24/2009 or any regulation issued thereunder, or claim that the fact this deed was executed in the English language only, to: 

 

	 	(i)	defend its non-performance or breach of its obligations under this deed; or 

  

	 	(ii)	allege that this deed is against public policy or otherwise does not constitute its legal, valid and binding obligations, enforceable against it in accordance with its terms. 

  
 16 

	8.	Amendment 

 Any amendment, supplement or modification of or to any provision of this
deed, any waiver of any provision of this deed, and any consent to any departure by the Owner or the Guarantor from the terms of any provision of this deed, shall be effective (i) only if it is made or given in writing and signed by the Parties
and (ii) only in the specific instance and for the specific purpose for which made or given. Further, any amendment, supplement or modification to the Agreements which increases (or may increase) the Transferee’s obligations or liabilities
thereunder shall require the prior written consent of the Guarantor (not to be unreasonably withheld or delayed), except that no consent shall be required in respect of an Alteration (as defined in the LOM) or any amendment, supplement or
modification required under and in accordance with the provisions of the LOM (including as required by an Expert’s determination under the LOM). 
  

	9.	Waiver of Immunity 

 The Guarantor (to the fullest extent permitted by law) irrevocably
and unconditionally: 
  

	 	(a)	agrees not to claim any immunity from proceedings brought against it by the other Party in relation to this deed, and to ensure that no such claim is made on its behalf; 

 

	 	(b)	waives all rights of immunity in respect of it or its assets; and 

  

	 	(c)	consents generally in respect of such proceedings to the giving of relief or the issue of any process in connection with such proceedings. 

  
 17 

 IN WITNESS WHEREOF, this instrument has been executed and delivered as a deed. 

 

					
	Signed for and on behalf of PT Hoegh LNG Lampung	 		 	Signed for and on behalf of PT Perusahaan Gas Negara (Persero) Tbk
			
	  
	 		 	  

	Signature	 		 	Signature
			
	  
	 		 	  

	Name	 		 	Name
			
	  
	 		 	  

	Capacity	 		 	Capacity
			
	  
	 		 	  

	Date	 		 	Date

  
 18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00232-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00232-of-00352.parquet"}]]