Document:

EX-10.2

 Exhibit 10.2 

Execution Version 
 THIRD
AMENDED AND RESTATED COMMON TERMS AGREEMENT 
 dated as of March 19, 2020 

among 
 SABINE PASS
LIQUEFACTION, LLC, 
 as the Borrower 

THE SUBSIDIARIES OF THE BORROWER PARTY HERETO FROM 

TIME TO TIME 
 THE
SECURED DEBT HOLDER GROUP REPRESENTATIVES, 
 SECURED HEDGE REPRESENTATIVES AND 

SECURED GAS HEDGE REPRESENTATIVES, 

that are parties to this Agreement from time to time 

SOCIÉTÉ GÉNÉRALE, 

as the Common Security Trustee 

and 

SOCIÉTÉ GÉNÉRALE, 

as the Intercreditor Agent 

 TABLE OF CONTENTS 

 

									
	 	 	 	  	 	  	Page	 
			
	 1.
	 	DEFINITIONS AND INTERPRETATION	  	 	3	 
				
		 	1.1	  	Definitions	  	 	3	 
				
		 	1.2	  	Interpretation	  	 	3	 
				
		 	1.3	  	UCC Terms	  	 	4	 
				
		 	1.4	  	Accounting and Financial Determinations	  	 	5	 
			
	 2.
	 	SECURED DEBT	  	 	5	 
				
		 	2.1	  	Additional Secured Debt	  	 	5	 
				
		 	2.2	  	Accession Agreements	  	 	5	 
				
		 	2.3	  	Transfers and Holding of Obligations	  	 	6	 
				
		 	2.4	  	Changes to Secured Debt Obligations	  	 	7	 
				
		 	2.5	  	Termination of Obligations	  	 	8	 
				
		 	2.6	  	Right to Share in Security	  	 	9	 
				
		 	2.7	  	Certain Rights and Obligations of Secured Parties	  	 	9	 
			
	 3.
	 	REPAYMENT AND PREPAYMENTS	  	 	9	 
				
		 	3.1	  	General Terms of Repayment	  	 	9	 
				
		 	3.2	  	Voluntary Prepayment of Secured Debt	  	 	10	 
				
		 	3.3	  	Voluntary Cancellation of Secured Debt	  	 	10	 
				
		 	3.4	  	Mandatory Prepayment of Secured Debt	  	 	10	 
				
		 	3.5	  	Termination of Interest Rate Protection Agreement in Connection with Any Prepayment	  	 	11	 
			
	 4.
	 	[Reserved]	  	 	11	 
			
	 5.
	 	MISCELLANEOUS PROVISIONS	  	 	11	 
				
		 	5.1	  	Amendments	  	 	11	 
				
		 	5.2	  	Entire Agreement	  	 	11	 
				
		 	5.3	  	Applicable Law; Jurisdiction	  	 	11	 
				
		 	5.4	  	Assignments	  	 	13	 
				
		 	5.5	  	Successors and Assigns	  	 	13	 
				
		 	5.6	  	Costs and Expenses	  	 	13	 
				
		 	5.7	  	Counterparts; Effectiveness	  	 	14	 
				
		 	5.8	  	No Waiver; Cumulative Remedies	  	 	15	 

  
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		 	 	5.9	 	  	Indemnification by Borrower	  	 	15	 
				
		 	 	5.10	 	  	Notices and Other Communication	  	 	17	 
				
		 	 	5.11	 	  	Severability	  	 	18	 
				
		 	 	5.12	 	  	Survival	  	 	19	 
				
		 	 	5.13	 	  	Waiver of Consequential Damages, Etc.	  	 	19	 
				
		 	 	5.14	 	  	Reinstatement	  	 	19	 
				
		 	 	5.15	 	  	Treatment of Certain Information; Confidentiality	  	 	20	 
				
		 	 	5.16	 	  	No Recourse	  	 	21	 
				
		 	 	5.17	 	  	Subsidiaries	  	 	23	 
				
		 	 	5.18	 	  	Third Amendment and Restatement	  	 	23	 
				
		 	 	5.19	 	  	Electronic Execution of Assignments and Certain Other Documents	  	 	23	 
			
	 6.
	 	 	Separateness	  	 	23	 
			
	 7.
	 	 	[Reserved]	  	 	24	 
			
	 8.
	 	 	[Reserved]	  	 	24	 
			
	 9.
	 	 	Events of Default for Secured Debt	  	 	24	 
				
		 	 	9.1	 	  	Non-Payment of Scheduled Payments	  	 	24	 
				
		 	 	9.2	 	  	[Reserved]	  	 	24	 
				
		 	 	9.3	 	  	[Reserved]	  	 	24	 
				
		 	 	9.4	 	  	[Reserved]	  	 	24	 
				
		 	 	9.5	 	  	[Reserved]	  	 	24	 
				
		 	 	9.6	 	  	[Reserved]	  	 	24	 
				
		 	 	9.7	 	  	Bankruptcy; Insolvency	  	 	24	 

 SCHEDULES 
 Schedule 1
– Definitions 
 Schedule 2.2(a) – Form of Accession Agreements 

Schedule 2.2(f) – Debt Commitments; Secured Hedge Obligations 

Schedule 2.3 – Form of Transfer of Accession Agreement 

Schedule 4.6(a) – Fundamental Governmental Approvals 

Schedule 4.6(b) – Fundamental Governmental Approvals - Post Effective Date 

Schedule 5.10 – Notice Information 
 Schedule 6.1 –
Separateness 

  
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 EXHIBITS 

Exhibit A – Form of Joinder 
 ANNEXES 

Annex A – Closing Date Consents 
  

  
 iii 

 THIS THIRD AMENDED AND RESTATED COMMON TERMS AGREEMENT (this “Agreement”),
dated as of March 19, 2020 is made among: 
  

	(1)	 SABINE PASS LIQUEFACTION, LLC, a limited liability company organized and existing under the laws
of the State of Delaware (the “Borrower”); 

  

	(2)	 each SUBSIDIARY OF THE BORROWER that is a party to this Agreement from time to time in accordance with
the terms of this Agreement (the “Restricted Subsidiaries,” and together with the Borrower, the “Loan Parties”); 

  

	(3)	 each SECURED DEBT HOLDER GROUP REPRESENTATIVE that is a party to this Agreement from time to time in
accordance with the terms of this Agreement; 

  

	(4)	 each SECURED HEDGE REPRESENTATIVE that is a party to this Agreement from time to time in accordance with
the terms of this Agreement; 

  

	(5)	 each SECURED GAS HEDGE REPRESENTATIVE that is a party to this Agreement from time to time in accordance
with the terms of this Agreement; 

  

	(6)	 SOCIÉTÉ GÉNÉRALE, as the Common Security Trustee; and 

 

	(7)	 SOCIÉTÉ GÉNÉRALE, as the Intercreditor Agent, 

each a “Party” and together the “Parties”. 

WHEREAS: 
  

	(A)	 The Borrower owns and operates a natural gas liquefaction facility (including associated infrastructure)
located in Cameron Parish, Louisiana for the production of LNG and other Services, as the same may be expanded, modified or otherwise changed in accordance with the applicable Senior Debt Instruments; 

 

	(B)	 The Borrower, the Secured Debt Holder Group Representatives party thereto, the Secured Hedge Representatives
party thereto, the Secured Gas Hedge Representatives party thereto, the Common Security Trustee and the Intercreditor Agent entered into that certain Second Amended and Restated Common Terms Agreement, dated as of June 30, 2015 and as amended
by the Omnibus Amendment, dated as of September 24, 2015, the Administrative Amendment, dated as of December 31, 2015, the Second Omnibus Amendment and Waiver, dated as of January 20, 2017, the Amendment to the Common Terms Agreement,
dated as of January 20, 2017, the Third Omnibus Amendment, dated as of May 23, 2018, the Fourth Omnibus Amendment, dated as of September 17, 2018 and the Fifth Omnibus Amendment, Consent and Waiver, dated as of May 29, 2019 (as
further amended, restated, amended and restated and otherwise modified from time to time prior to the date hereof, the “Second Amended and Restated Common Terms Agreement”), that set out certain provisions regarding, among other
things, common representations and warranties of the Borrower, common covenants of the Borrower, and common Events of Default under certain of the Secured Debt Instruments (as defined in the Second Amended and Restated Common Terms Agreement);

	(C)	 The Borrower, the Secured Debt Holder Group Representatives party thereto, the Secured Hedge Representatives
party thereto, the Secured Gas Hedge Representatives party thereto, the Common Security Trustee and the Intercreditor Agent entered into that certain Amended and Restated Intercreditor Agreement, dated as of May 28, 2013, and as further amended
and restated by the Second Amended and Restated Intercreditor Agreement dated as of June 30, 2015 (as so amended and restated, and as further amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor
Agreement”), that, among other things, governs the relationship among the Secured Parties and regulates the claims of the Secured Parties against the Borrower and the enforcement by the Secured Parties of the Security, including the method
of voting and decision making, and the appointment of the Intercreditor Agent for the purposes set forth therein; 

  

	(D)	 The Borrower has entered into that certain Indenture with The Bank of New York Mellon, as trustee (in such
capacity, the “144A Indenture Trustee”), dated as of February 1, 2013, as supplemented by a first supplemental indenture, dated as of April 16, 2013, a second supplemental indenture, dated as of April 16, 2013, a
third supplemental indenture, dated as of November 25, 2013, a fourth supplemental indenture, dated as of May 20, 2014, a fifth supplemental indenture, dated as of May 20, 2014, a sixth supplemental indenture, dated as of
March 3, 2015, a seventh supplemental indenture, dated as of June 14, 2016, an eighth supplemental indenture, dated as of September 19, 2016, a ninth supplemental indenture, dated as of September 23, 2016 and a tenth supplemental
indenture, dated as of March 6, 2017 (the “144A Indenture”), pursuant to which the Borrower has issued Senior Bonds in multiple series; 

  

	(E)	 The Borrower has entered into that certain Indenture with The Bank of New York Mellon, as trustee (in such
capacity, the “4(a)(2) Indenture Trustee”), dated as of February 24, 2017 (the “4(a)(2) Indenture” and together with the 144A Indenture, the “Indentures”), pursuant to which the Borrower has
issued Senior Bonds in one series; 

  

	(F)	 The Borrower, certain Subsidiaries of the Borrower, The Bank of Nova Scotia, as the senior facility agent (in
such capacity, the “Senior Facility Agent”), the Common Security Trustee, certain lenders and issuing banks from time to time party thereto have entered into that certain Senior Working Capital Revolving Credit and Letter of Credit
Reimbursement Agreement, dated as of March 19, 2020 (the “Working Capital Facility Agreement”); 

  

	(G)	 The Borrower has granted certain Security in the Collateral for the benefit of the Secured Parties pursuant to
the Security Documents; and 

  

	(H)	 As a condition precedent to the effectiveness of the Working Capital Facility Agreement, the Borrower, the
Secured Debt Holder Group Representatives, the Secured Hedge Representatives, the Secured Gas Hedge Representatives, the Common Security Trustee, and the Intercreditor Agent have agreed to enter into this Agreement in order to amend and restate the
Second Amended and Restated Common Terms Agreement to, among other things, remove the common representations, covenants, conditions and events of default contained therein. 

  
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 NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable
consideration, the receipt and adequacy of which are acknowledged, the Parties agree as follows: 
  

	1.	 DEFINITIONS AND INTERPRETATION 

 

	1.1	 Definitions 

Except as otherwise expressly provided in this Agreement, capitalized terms used in this Agreement shall have the meanings given to them in
Schedule 1. To the extent such terms are defined by reference to other Financing Documents or Material Project Documents, for the purposes of this Agreement, such terms shall continue to have the definitions given to them on the Closing Date
(but will be subject to, and interpreted in accordance with, the governing law of this Agreement) notwithstanding any termination, expiration or amendment (unless such amendment has been entered into with the written consent of the Required Secured
Parties) of such agreements except to the extent the Parties agree to the contrary. 
  

	1.2	 Interpretation 

 

	 	(a)	 In this Agreement, except to the extent specified to the contrary or where the context otherwise requires:

  

	 	(i)	 the table of contents and headings are for convenience only and shall not affect the interpretation of this
Agreement; 

  

	 	(ii)	 references to “Sections”, “Schedules”, “Exhibits” and
“Appendices” are references to sections of, and schedules, exhibits and appendices to, this Agreement; 

  

	 	(iii)	 references to “assets” includes property, revenues and rights of every description (whether
real, personal or mixed and whether tangible or intangible); 

  

	 	(iv)	 references to an “amendment” includes a supplement, replacement, novation, restatement or re-enactment and “amended” is to be construed accordingly; 

  

	 	(v)	 except where a document or agreement is expressly stated to be in the form “in effect” on a
particular date in Section 1.1 (Definitions), references to any document or agreement, including this Agreement, shall be deemed to include references to such document or agreement as amended, amended and restated, supplemented, or
otherwise modified from time to time in accordance with its terms and (where applicable) subject to compliance with the requirements set forth in the Financing Documents; 

 

	 	(vi)	 references to any Party or party to any other document or agreement shall include its successors and permitted
assigns; 

  
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	 	(vii)	 words importing the singular include the plural and vice versa; 

 

	 	(viii)	 words importing the masculine include the feminine and vice versa; 

 

	 	(ix)	 the words “include”, “includes” and “including” are not
limiting; 

  

	 	(x)	 references to “days” shall mean calendar days, unless the term “Business Days” shall
be used; 

  

	 	(xi)	 references to “months” shall mean calendar months and references to “years”
shall mean calendar years; and 

  

	 	(xii)	 unless the contrary indication appears, a reference to a time of day is a reference to the time of day in New
York, New York. 

  

	 	(b)	 This Agreement and the other Financing Documents are the result of negotiations among, and have been reviewed
by all parties thereto and their respective counsel. Accordingly, this Agreement and the other Financing Documents shall be deemed to be the product of all parties thereto, and no ambiguity shall be construed in favor of or against any party
thereto. 

  

	 	(c)	 For the purposes of any Financing Document, “payment in full” or “paid in full” or
“satisfied”, in each case, as used with respect to any Obligation means the receipt of cash equal to the full amount of such Obligation. 

  

	 	(d)	 Unless a contrary intention appears, a term used in any Financing Document or in any notice given under or in
connection with any Financing Document has the same meaning in that Financing Document or notice as in this Agreement. 

  

	 	(e)	 Any reference herein or any other Financing Document to a merger, transfer, consolidation, amalgamation,
assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a Person, or an allocation of assets to a series of a Person (or the unwinding of such a division or allocation), as if it were a merger,
transfer, consolidation, amalgamation, assignment, sale or transfer or similar term, as applicable to, of or with a separate Person. Any division of a limited liability company shall constitute a separate Person hereunder and under any other
Financing Document (and each division of any limited liability company that is a Subsidiary, Affiliate, joint venture or any other like term shall also constitute such a Person or entity). 

 

	1.3	 UCC Terms 

Unless otherwise defined herein, terms used herein that are defined in the UCC shall have the respective meanings given to those terms in the
UCC. 

  
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	1.4	 Accounting and Financial Determinations 

Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in
effect from time to time; provided, that, if the Borrower notifies the Common Security Trustee and each Secured Debt Holder Group Representative that the Borrower requests an amendment to any provision hereof to eliminate the effect of any
change occurring after the Closing Date in GAAP or in the application thereof on the operation of, or calculation of compliance with, such provision (or if the Common Security Trustee and each Secured Debt Holder Group Representative, as the case
may be, notifies the Borrower that the Required Secured Parties request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then
such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such provision has been amended in accordance herewith. 

 

	2.	 SECURED DEBT 

  

	2.1	 Additional Secured Debt 

Subject to the provisions of this Section 2.1 (Additional Secured Debt), the Borrower may incur Additional Secured Debt, at its
sole discretion, only if, prior to or on the date of incurrence thereof, the following conditions are satisfied or waived by the Required Secured Parties: 
  

	 	(a)	 the conditions for the incurrence of such Indebtedness in the Secured Debt Instruments and related Financing
Documents have been satisfied (or waived by the applicable Secured Parties) (as certified in writing by the Borrower in the Accession Agreement relating to such Secured Debt); and 

 

	 	(b)	 the Secured Debt Holder Group Representative for the Additional Secured Debt shall have entered into an
Accession Agreement in accordance with Section 2.2 (Accession Agreements). 

 Any Additional Secured Debt shall
be treated in all respects as Secured Debt, sharing pari passu in the Collateral and in right of payment. 
  

	2.2	 Accession Agreements 

 

	 	(a)	 Each Secured Debt Holder Group Representative shall enter into an Accession Agreement substantially in the form
set out in Part A of Schedule 2.2(a). 

  

	 	(b)	 Each Secured Hedge Representative shall enter into an Accession Agreement substantially in the form set out in
Part B of Schedule 2.2(a). 

  

	 	(c)	 Each Secured Gas Hedge Representative shall enter into an Accession Agreement substantially in the form set out
in Part C of Schedule 2.2(a). 

  
 5 

	 	(d)	 Each Accession Agreement shall specify in Appendix A thereto: 

 

	 	(i)	 the identity of the relevant Secured Debt Holder Group Representative, Secured Hedge Representative or Secured
Gas Hedge Representative, as applicable; 

  

	 	(ii)	 the Secured Debt, Secured Hedge Obligations or Secured Gas Hedge Obligations, as applicable, subject thereof
and the identity of the Holders thereof; and 

  

	 	(iii)	 the Secured Debt Instruments, Secured Hedge Instruments or Secured Gas Hedge Instruments, as applicable.

  

	 	(e)	 Copies of such executed Secured Debt Instruments, Secured Hedge Instruments or Secured Gas Hedge Instruments,
as applicable, shall be attached to the Accession Agreement as exhibits. 

  

	 	(f)	 Upon receipt of the relevant Accession Agreement, the Intercreditor Agent (without further instruction) shall
amend Schedule 2.2(f) accordingly and shall deliver each such revised Schedule to the Borrower, the Common Security Trustee and each such Secured Debt Holder Group Representative. 

 

	2.3	 Transfers and Holding of Obligations 

 

	 	(a)	 The Secured Debt Instruments may be held, sold, exchanged, traded, assigned or otherwise transferred by each
Secured Debt Holder as provided in the relevant Secured Debt Instrument. Any Person becoming a Secured Debt Holder from time to time in accordance with such Secured Debt Instrument shall be and become a Secured Debt Holder for the purposes of this
Agreement and each Person ceasing to be a Secured Debt Holder from time to time in accordance with such Secured Debt Instrument shall cease to be a Secured Debt Holder for the purposes of this Agreement. 

 

	 	(b)	 The Secured Hedge Instruments may be held, sold, exchanged, traded, assigned or otherwise transferred by each
Holder of Secured Hedge Obligations as provided in the relevant Secured Hedge Instrument. Any Person becoming a Holder of Secured Hedge Obligations from time to time in accordance with such Secured Hedge Instrument shall be and become a Holder of
Secured Hedge Obligations for the purposes of this Agreement and each Person ceasing to be a Holder of Secured Hedge Obligations from time to time in accordance with such Secured Hedge Instrument shall cease to be a Holder of Secured Hedge
Obligations for the purposes of this Agreement. 

  

	 	(c)	 The Secured Gas Hedge Instruments may be held, sold, exchanged, traded, assigned or otherwise transferred by
each Gas Hedge Provider as provided in the relevant Secured Gas Hedge Instrument. Any Person acquiring a Secured Gas Hedge Instrument from time to time in accordance with such Secured Gas Hedge Instrument shall be and become a Gas Hedge Provider for
the purposes of this Agreement and each Person ceasing to be a Gas Hedge Provider from time to time in accordance with such Secured Gas Hedge Instrument shall cease to be a Gas Hedge Provider for the purposes of this Agreement.

  
 6 

	 	(d)	 Any Secured Debt Holder Group Representative may be replaced in accordance with the relevant Secured Debt
Instrument, and the Common Security Trustee and the Intercreditor Agent shall be notified promptly of any such replacement, which shall become effective only upon the replacement Secured Debt Holder Group Representative executing and delivering to
the Intercreditor Agent a Transfer Accession Agreement in the form of Schedule 2.3 or other agreement in writing to be bound by the Accession Agreement to which its predecessor was a party, and the Intercreditor Agent (without further
instruction) shall amend Schedule 2.2(f) accordingly and shall deliver each such revised Schedule to the Borrower, the Common Security Trustee and each such Secured Debt Holder Group Representative. 

 

	 	(e)	 Any Secured Hedge Representative may be replaced in accordance with the relevant Secured Hedge Instrument, and
the Common Security Trustee and the Intercreditor Agent shall be notified promptly of any such replacement, which shall become effective only upon the replacement Secured Hedge Representative executing and delivering to the Intercreditor Agent a
Transfer Accession Agreement in the form of Schedule 2.3 or other agreement in writing to be bound by the Accession Agreement to which its predecessor was a party and the Intercreditor Agent (without further instruction) shall amend
Schedule 2.2(f) accordingly and shall deliver each such revised Schedule to the Borrower, the Common Security Trustee and each such Secured Hedge Representative. 

 

	 	(f)	 Any Secured Gas Hedge Representative may be replaced in accordance with the relevant Secured Gas Hedge
Instrument, and the Common Security Trustee and the Intercreditor Agent shall be notified promptly of any such replacement, which shall become effective only upon the replacement Secured Gas Hedge Representative executing and delivering to the
Intercreditor Agent a Transfer Accession Agreement in the form of Schedule 2.3 or other agreement in writing to be bound by the Accession Agreement to which its predecessor was a party and the Intercreditor Agent (without further instruction)
shall amend Schedule 2.2(f) accordingly and shall deliver each such revised Schedule to the Borrower, the Common Security Trustee and each such Secured Gas Hedge Representative. 

 

	2.4	 Changes to Secured Debt Obligations 

The Borrower shall promptly provide to the Intercreditor Agent and to each Secured Debt Holder Group Representative copies of all material
modifications to any Secured Debt Instrument; provided, that, such modifications shall only be made in accordance with terms and conditions set forth in the Intercreditor Agreement and the relevant Secured Debt Instrument. 

  
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	2.5	 Termination of Obligations 

 

	 	(a)	 Upon the payment in full of all Obligations (and expiration or termination of all Senior Debt Commitments)
arising under any Secured Debt Instrument (other than the Working Capital Facility Agreement), Secured Hedge Instrument or Secured Gas Hedge Instrument, as applicable, in accordance with the terms thereof (other than Obligations thereunder that by
their terms survive and with respect to which no claim has been made by the applicable Secured Parties) and, at the option of the Borrower and to the extent permitted by the Secured Debt Instrument governing any Senior Bonds, (other than Obligations
payable in respect of Senior Bonds if the amounts payable in respect of all other Obligations have been so paid in full), the relevant Secured Debt Holder Group Representative, Secured Hedge Representative or Secured Gas Hedge Representative, as
applicable, shall give notice thereof to the Common Security Trustee and the Intercreditor Agent, whereupon, without further action by any Person: 

  

	 	(i)	 such Obligations shall no longer constitute Obligations secured by the Collateral and shall no longer be
entitled to the benefits of this Agreement or any other Financing Document; 

  

	 	(ii)	 the former Holders of such Secured Debt, Secured Hedge Obligations or Secured Gas Hedge Obligations, as
applicable, shall no longer be Holders of Secured Debt, Secured Hedge Obligations or Secured Gas Hedge Obligations, as applicable, under this Agreement or any other Financing Document and shall no longer have any rights or obligations under this
Agreement or any other Financing Document except for those provisions that by their terms expressly survive termination; 

  

	 	(iii)	 the related Secured Debt Instruments, Secured Hedge Instruments or Secured Gas Hedge Instruments, as
applicable, shall no longer be Secured Debt Instruments, Secured Hedge Instruments or Secured Gas Hedge Instruments, as applicable, under this Agreement or any other Financing Document; and 

 

	 	(iv)	 such Secured Debt Holder Group Representative, Secured Hedge Representative or Secured Gas Hedge
Representative, as applicable, shall no longer be a Party or party to any other Financing Document, in such capacity. 

  

	 	(b)	 On the Discharge Date, this Agreement and the security interests and rights created by or pursuant to this
Agreement or any Security Document shall terminate, and the Secured Parties and their respective attorneys-in-fact shall, at the expense of the Borrower, promptly
deliver UCC-3 termination statements and such instruments of satisfaction, discharge and release of security in respect of all Security as may be requested by the Borrower. 

  
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	2.6	 Right to Share in Security 

Only the Secured Parties shall be entitled to benefit from the Security granted in the Collateral pursuant to the Security Documents,
provided, that the Secured Debt Holder Group Representatives, Secured Hedge Representatives or Secured Gas Hedge Representatives, as applicable, representing such Secured Parties have signed the Accession Agreement in accordance with
Section 2.2 (Accession Agreements). 
  

	2.7	 Certain Rights and Obligations of Secured Parties 

Unless all the Secured Parties agree otherwise: 
  

	 	(a)	 the obligations of a Secured Party under the Finance Documents are several and not joint;

  

	 	(b)	 failure by a Secured Party to perform its obligations does not affect the obligations of any other party under
the Financing Documents; 

  

	 	(c)	 no Secured Party is responsible for the obligations of any other Secured Party under the Financing Documents;

  

	 	(d)	 the rights of a Secured Party under the Financing Documents are separate and independent rights;

  

	 	(e)	 a Secured Party may, except as otherwise stated in the Financing Documents, separately enforce those rights;
and 

  

	 	(f)	 a debt arising under the Financing Documents to a Secured Party is a separate and independent debt.

  

	3.	 REPAYMENT AND PREPAYMENTS 

 

	3.1	 General Terms of Repayment 

 

	 	(a)	 All payments (including any payment of interest or fees) due to each Secured Party shall be made in Dollars.

  

	 	(b)	 Except as otherwise provided therein, whenever any payment due under a Financing Document would otherwise fall
due on a day other than a Business Day, such payment shall be due on the next succeeding Business Day. Any such extension of time under this Section 3.1(b) (General Terms of Repayment) shall be included in the computation of interest or
fees (as the case may be) on any such amount so due. 

  

	 	(c)	 Unless expressly specified otherwise in any Secured Debt Instrument, all undrawn Senior Debt Commitments in
respect of any Secured Debt shall be cancelled automatically at the close of business in New York, New York on the last day of the Availability Period; provided, that if such day is not a Business Day, the Availability Period shall terminate
on the immediately preceding Business Day. 

  
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	3.2	 Voluntary Prepayment of Secured Debt 

 

	 	(a)	 The Borrower shall have the right to prepay (including by way of legal defeasance of Senior Bonds to the extent
permitted under the Indenture governing such Senior Bonds) all or any of the Secured Debt, in each case, to the extent permitted under the applicable Secured Debt Instrument. 

 

	 	(b)	 With respect to each prepayment to be made pursuant to this Section 3.2 (Voluntary Prepayment of
Secured Debt), on the date of such prepayment, the Borrower shall pay to the Secured Debt Holder Group Representatives for the account of the relevant Secured Parties the sum of the following amounts: 

 

	 	(i)	 the principal (including any make whole amount required to be paid under the terms of the applicable Secured
Debt Instrument) of, and accrued but unpaid interest on, the Secured Debt to be prepaid; 

  

	 	(ii)	 any additional amounts required to be paid due to funding losses as required under each Secured Debt
Instrument; and 

  

	 	(iii)	 except for amounts to be paid to the Secured Hedge Representatives for the account of the Qualified
Counterparties to the Interest Rate Protection Agreements as set forth immediately below, any other Obligations due in connection with any prepayment under the Financing Documents. 

Payments of principal of the Secured Debt will be applied as specified in the applicable Secured Debt Instrument. 

 

	3.3	 Voluntary Cancellation of Secured Debt 

The Borrower shall have the right to cancel any outstanding commitments of the Secured Debt Holders under the Secured Debt Instruments in
accordance with the terms set forth in the applicable Secured Debt Instrument. 
  

	3.4	 Mandatory Prepayment of Secured Debt 

 

	 	(a)	 In addition to scheduled principal repayments, the Borrower shall make any mandatory payments required to be
made under the applicable Senior Debt Instrument (to be effected in each case in the manner specified in Section 3.4(b)) (Mandatory Prepayment of Secured Debt). 

 

	 	(b)	 Each prepayment to be made pursuant to this Section 3.4 (Mandatory
Prepayment of Secured Debt) shall be (i) applied pro rata to Secured Debt that is entitled to a prepayment under the Secured Debt Instrument relating to such Secured Debt, (ii) paid to the Secured Debt Holder Group
Representative(s) representing the Secured Debt referenced in the foregoing clause (i) and (iii) applied for the account of the relevant Secured Parties as specified in the applicable Senior Debt Instrument(s). 

  
 10 

	3.5	 Termination of Interest Rate Protection Agreement in Connection with Any Prepayment

 In connection with a voluntary or mandatory prepayment of the Secured Debt made by the Borrower pursuant to the
provisions of Sections 3.2 (Voluntary Prepayment of Secured Debt) or 3.4 (Mandatory Prepayment of Secured Debt) and/or in connection with any other
circumstance, the Borrower may terminate or, to the extent permitted by the applicable Interest Rate Protection Agreement transfer or novate, a portion of the Interest Rate Protection Agreements in a manner in accordance with the Financing
Documents and Interest Rate Protection Agreements. 
  

	4.	 [Reserved] 

  

	5.	 MISCELLANEOUS PROVISIONS 

 

	5.1	 Amendments 

This Agreement may not be amended or waived unless such amendment or waiver is in writing signed by the Loan Parties, the Intercreditor Agent,
the Common Security Trustee and each requisite Secured Debt Holder Group Representative, Secured Hedge Representative and Secured Gas Hedge Representative whose vote is required with respect to such amendment or waiver pursuant to the terms of the
Intercreditor Agreement. 
  

	5.2	 Entire Agreement 

This Agreement 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. In the event of any conflict between the terms, conditions and provisions of this Agreement and the terms of any Secured Debt
Instruments, Secured Hedge Instruments or Secured Gas Hedge Instruments, the terms of the Secured Debt Instruments, Secured Hedge Instruments or Secured Gas Hedge Instruments, as applicable, shall prevail. 

 

	5.3	 Applicable Law; Jurisdiction 

 

	 	(a)	 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK, UNITED STATES OF AMERICA, WITHOUT ANY REFERENCE TO THE CONFLICT OF LAWS PRINCIPLES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

 

	 	(b)	 SUBMISSION TO JURISDICTION. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY HERETO IRREVOCABLY AND
UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF 

  
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NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING
OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER FINANCING DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR
PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND
MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER FINANCING DOCUMENT SHALL AFFECT ANY RIGHT THAT ANY PARTY HERETO MAY OTHERWISE HAVE TO BRING ANY ACTION
OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER FINANCING DOCUMENT AGAINST THE LOAN PARTIES OR THEIR PROPERTIES IN THE COURTS OF ANY JURISDICTION IF APPLICABLE LAW DOES NOT PERMIT A CLAIM, ACTION OR PROCEEDING REFERRED TO IN THE FIRST SENTENCE
OF THIS SECTION TO BE FILED, HEARD OR DETERMINED IN OR BY THE COURTS SPECIFIED THEREIN. 

  

	 	(c)	 WAIVER OF VENUE. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER FINANCING DOCUMENT IN ANY COURT REFERRED TO IN SECTION 5.3(b)
(SUBMISSION TO JURISDICTION). EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN
ANY SUCH COURT. 

  

	 	(d)	 Service of Process. Each Loan Party irrevocably consents to the service of any and all process in any
such action or proceeding by the air mailing of copies of such process to such Person at its then effective notice addresses pursuant to Section 5.10 (Notices and Other Communications).

  

	 	(e)	 Immunity. To the extent that any Loan Party has or hereafter may acquire any immunity from jurisdiction
of any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) with respect to itself or its property, each Loan Party hereby irrevocably and
unconditionally waives such immunity in respect of its obligations under the Financing Documents and, without limiting the generality of the foregoing, agrees that the waiver set forth in this Section 5.3(e) (Applicable Law;
Jurisdiction) shall have the fullest scope permitted under the Foreign Sovereign Immunities Act of 1976 of the United States and is intended to be irrevocable for purposes of such Act. 

  
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	 	(f)	 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER FINANCING DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT,
TORT OR ANY OTHER THEORY). EACH PARTY HERETO (i) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE
FOREGOING WAIVER AND (ii) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER FINANCING DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION
5.3(f) (Applicable Law; Jurisdiction). 

  

	5.4	 Assignments 

Assignments of Secured Debt, Secured Hedge Obligations or Secured Gas Hedge Obligations shall be in accordance with and subject to the
provisions of the applicable Secured Debt Instrument, Secured Hedge Instrument or Secured Gas Hedge Instrument. 
  

	5.5	 Successors and Assigns 

The provisions of this Agreement shall be binding upon and inure to the benefit of each Party, and its respective successors and permitted
assigns. Except as expressly permitted by any Financing Document, no Party may assign or otherwise transfer any of its rights or obligations under this Agreement or any other Financing Document. 

 

	5.6	 Costs and Expenses 

The Borrower shall pay (a) all reasonable and documented out of pocket expenses incurred by each Secured Debt Holder Group Representative,
each Secured Hedge Representative, the Intercreditor Agent and the Common Security Trustee and their Affiliates (including all reasonable fees, costs and expenses of one counsel plus one local counsel for the Secured Debt Holders in each relevant
jurisdiction (provided, that in the case of the continuation of an Event of Default, any Secured Party may retain separate counsel in the event of an actual conflict of interest (which may be multiple counsel, but only the least number as
necessary to resolve such conflict of interest) and the Borrower shall pay all reasonable fees, cost and expenses of such additional counsel)), in connection with the preparation, negotiation, syndication, execution and delivery of this Agreement
and the 

  
 13 

 other Financing Documents; (b) all reasonable and documented out of pocket expenses
incurred by each Secured Debt Holder Group Representative, each Secured Hedge Representative, the Intercreditor Agent and the Common Security Trustee (including all reasonable fees, costs and expenses of one counsel plus one local counsel for the
Secured Debt Holders in each relevant jurisdiction (provided, that in the case of the continuation of an Event of Default, any Secured Party may retain separate counsel in the event of an actual conflict of interest (which may be multiple
counsel, but only the least number as necessary to resolve such conflict of interest) and the Borrower shall pay all reasonable fees, cost and expenses of such additional counsel)), in connection with any amendments, modifications or waivers of the
provisions of this Agreement and the other Financing Documents (whether or not the transactions contemplated hereby or thereby are consummated); (c) all reasonable and documented
out-of-pocket expenses incurred by each Secured Debt Holder Group Representative, each Secured Hedge Representative, the Intercreditor Agent and the Common Security
Trustee (including all reasonable fees, costs and expenses of one counsel plus one local counsel for the Secured Debt Holders in each relevant jurisdiction (provided, that in the case of the continuation of an Event of Default, any Secured
Party may retain separate counsel in the event of an actual conflict of interest (which may be multiple counsel, but only the least number as necessary to resolve such conflict of interest) and the Borrower shall pay all reasonable fees, cost and
expenses of such additional counsel)), in connection with the administration of this Agreement and the other Financing Documents (whether or not the transactions contemplated hereby or thereby are consummated); and (d) all reasonable and documented out-of-pocket expenses incurred by the Secured Parties (including all reasonable fees, costs and expenses of one counsel plus one local counsel for the Secured Debt Holders in
each relevant jurisdiction (provided, that in the case of the continuation of an Event of Default, any Secured Party may retain separate counsel in the event of an actual conflict of interest (which may be multiple counsel, but only the least
number as necessary to resolve such conflict of interest) and the Borrower shall pay all reasonable fees, cost and expenses of such additional counsel)), in connection with the enforcement or protection of their rights in connection with this
Agreement and the other Financing Documents, including their rights under this Section 5.6 (Costs and Expenses), including in connection with any workout, restructuring or negotiations in respect of the
Obligations; provided, that the provisions of this Section 5.6 (Costs and Expenses) shall not supersede Section 2.16 (Increased Costs) and Section 2.18 (Taxes) of the Working Capital Facility Agreement and
similar provisions of any other Secured Debt Instrument. Notwithstanding the foregoing, in the event that the Common Security Trustee reasonably believes that a conflict exists in using one counsel, it may engage its own counsel. 

 

	5.7	 Counterparts; Effectiveness 

This Agreement may be executed in counterparts (and by different Parties in different counterparts), each of which shall constitute an
original, but all of which when taken together shall constitute a single contract. This Agreement shall become effective when it has been executed by the each of the Parties and when the Common Security Trustee has received counterparts hereof that,
when taken together, bear the signatures of each of the other Parties. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or portable document format (“pdf”) shall be effective as delivery of a manually
executed counterpart of this Agreement. 

  
 14 

	5.8	 No Waiver; Cumulative Remedies. 

No failure by any Secured Party to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or
under any other Financing Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right,
remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other Financing Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

 

	5.9	 Indemnification by Borrower 

 

	 	(a)	 The Borrower hereby agrees to indemnify each Secured Party and each Related Party (each such Person being
called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including all fees, costs and expenses of counsel for any Indemnitee), incurred by any
Indemnitee or asserted against any Indemnitee by any third party or by any Loan Party arising out of, in connection with, or as a result of: 

  

	 	(i)	 the execution or delivery of this Agreement, any other Transaction Document, or any agreement or instrument
contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or the administration (other than
expenses that do not constitute out-of-pocket expenses) or enforcement thereof; 

 

	 	(ii)	 any Senior Debt or the use or proposed use of the proceeds therefrom (including any refusal by any Holder of
Senior Debt to honor any demand for payment under any Senior Debt Instrument, as applicable, if the documents presented in connection with such demand do not strictly comply with the terms the applicable Senior Debt Instrument);

  

	 	(iii)	 any actual or alleged presence, Release or threatened Release of Hazardous Materials in violation of
Environmental Laws or that can reasonably result in an Environmental Claim on or from the Project or any property owned or operated by any Loan Party, or any Environmental Affiliate or any liability pursuant to an Environmental Law related in any
way to the Project or any Loan Party, except for Releases of Hazardous Materials that are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from the gross
negligence or willful misconduct of any Indemnitee; 

  
 15 

	 	(iv)	 any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing,
whether based on contract, tort or any other theory, whether brought by a third party or by any Loan Party or any of the Borrower’s members, managers or creditors, and regardless of whether any Indemnitee is a party thereto and whether or not
any of the transactions contemplated hereunder or under any of the other Financing Documents is consummated, in all cases, whether or not caused by or arising, in whole or in part, out of the comparative, contributory or sole negligence of the
Indemnitee; or 

  

	 	(v)	 any claim, demand or liability for broker’s or finder’s or placement fees or similar commissions,
whether or not payable by any Loan Party, alleged to have been incurred in connection with such transactions, other than any broker’s or finder’s fees payable to Persons engaged by any Holder of Senior Debt or Affiliates or Related Parties
thereof; 

 provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such
losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from the (i) bad faith, gross
negligence or willful misconduct of such Indemnitee or (ii) the material breach of such Indemnitee of its express obligations under the Financing Documents by such Indemnitee in performing its obligations under this Agreement or any Financing
Document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein, or (y) shall have arisen from a dispute between or among the Indemnitees or from a claim of an Indemnitee against another Indemnitee (in
each case, other than any dispute involving claims against the Intercreditor Agent or against an Indemnitee in its capacity as a Joint Lead Arranger, Joint Lead Bookrunner, agent or similar role hereunder, unless such claims arise from (i) the
bad faith, gross negligence or willful misconduct of such Indemnitee or (ii) the material breach of such Indemnitee of its express obligations under the Financing Documents by such Indemnitee in performing its obligations under this Agreement
or any Financing Document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein (in each case, to the extent determined by a court of competent jurisdiction by final and
non-appealable judgment to have resulted from (A) the bad faith, gross negligence or willful misconduct of such Indemnitee or (B) the material breach of such Indemnitee of its express obligations
under the Financing Documents by such Indemnitee in performing its obligations under this Agreement or any Financing Document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein)), which in either case is
not the result of an act or omission of the Borrower or any of its Affiliates. 
  

	 	(b)	 To the extent that the Borrower for any reason fails to pay in full any amount required under
Section 5.6 (Costs and Expenses) or Section 5.9(a) (Indemnification by Borrower) above to be paid by it to the Intercreditor Agent or
any Related Party thereof or the Common Security Trustee or any Related Party thereof, each Secured Debt Holder severally agrees to pay to the Intercreditor Agent, the Common Security Trustee, or such Related Party, as the case may be, such
Secured Debt Holder’s ratable share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided, that the unreimbursed expense or indemnified loss, claim, damage,
liability or related expense, as the case may be, was incurred by or asserted against the Intercreditor 

  
 16 

 Agent, the Common Security Trustee or the applicable Related Party, in its capacity as such.
The obligations of the Secured Debt Holders to make payments pursuant to this Section 5.9(b) (Indemnification by Borrower) are several and not joint and shall survive the payment in full of the
Obligations and the termination of this Agreement. The failure of any Secured Debt Holder to make payments on any date required hereunder shall not relieve any other Secured Debt Holder of its corresponding obligation to do so on such date, and no
Secured Debt Holder shall be responsible for the failure of any other Secured Debt Holder to do so. 
  

	 	(c)	 All amounts due under this Section 5.9(Indemnification by
Borrower) shall be payable not later than thirty (30) days after demand therefor. 

  

	 	(d)	 The provisions of this Section 5.9 (Indemnification by Borrower) shall not supersede
Section 2.16 (Increased Costs) and Section 2.18 (Taxes) of the Working Capital Facility Agreement and similar provisions of any other Secured Debt Instrument. 

 

	5.10	 Notices and Other Communication 

 

	 	(a)	 Any notice, claim, request, demand, consent, designation, direction, instruction, certificate, report or other
communication to be given under or in connection with this Agreement shall be given in writing and will be deemed duly given when: 

  

	 	(i)	 personally delivered; 

 

	 	(ii)	 sent by facsimile transmission (with transmittal confirmation or acknowledgment of receipt, whether written or
oral); 

  

	 	(iii)	 except with respect to any notice of Default or Event of Default, sent by electronic mail (with electronic
confirmation of receipt); or 

  

	 	(iv)	 five (5) days have elapsed after mailing by certified or registered mail, postage pre-paid, return receipt requested, 

 in each case addressed to a Person at its address,
e-mail address, or facsimile transmission number as indicated in Schedule 5.10 or to such other address, e-mail address, or facsimile transmission number of which
such Person has given notice (including, with respect to any Person acceding to this Agreement under an Accession Agreement those set out for such Person therein). Each of the Loan Parties, the Common Security Trustee, the Intercreditor Agent, any
Secured Debt Holder Group Representative, any Secured Gas Hedge Representative and any Secured Hedge Representative may change its address, facsimile or telephone number for notices and other communications hereunder by notice to the other parties
hereto. Each other Secured Debt Holder may change its address, facsimile or telephone number for notices and other communications hereunder by notice to the Borrower, the Common Security Trustee, the Intercreditor Agent, each Secured Debt Holder
Group Representative, each Secured Gas Hedge Representative and each Secured Hedge Representative. 

  
 17 

	 	(b)	 Any notice to be given by or on behalf of the Borrower to any Secured Debt Holder may be sent to the Secured
Debt Holder Group Representative that represents such Secured Debt Holder. Any notice to be given by or on behalf of the Borrower to any Holder of Secured Hedge Obligations may be sent to the Secured Hedge Representative that represents such Holder
of Secured Hedge Obligations. Any notice to be given by or on behalf of the Borrower to any Gas Hedge Provider may be sent to the Secured Gas Hedge Representative that represents such Gas Hedge Provider. 

 

	 	(c)	 The Common Security Trustee and the Intercreditor Agent shall promptly forward to each Secured Debt Holder
Group Representative and the Common Security Trustee and Intercreditor Agent (other than itself or any Person from whom it received, or which it is aware has received, any such notice, claim, certificate, report, instrument, demand, request,
direction, instruction, designation, waiver, receipt, consent or other communication or document) copies of any notice, claim, certificate, report, instrument, demand, request, direction, instruction, designation, waiver, receipt, consent or other
communication or document that it receives from any other Person under or in connection with this Agreement or any other Financing Document. 

  

	 	(d)	 Each Secured Debt Holder Group Representative shall send a copy of any notice given under this Agreement to
each other Secured Debt Holder Group Representative. 

  

	 	(e)	 The Borrower hereby agrees that it will provide to the Common Security Trustee all information, documents and
other materials that it is obligated to furnish to the Common Security Trustee pursuant to the Financing Documents, including all notices, requests, financial statements, financial and other reports, certificates and other information materials, but
excluding any such communication that (i) relates to the Secured Gas Hedge Instruments, (ii) relates to the incurrence of Indebtedness, (iii) relates to the payment of any principal or other amount due under any Secured Debt
Instrument or Secured Hedge Instrument prior to the scheduled date therefor or (iv) provides notice of any Default or Event of Default (all such non-excluded communications being referred to herein
collectively as “Communications”), by transmitting the Communications in an electronic/soft medium in a format acceptable to the Common Security Trustee at the email addresses specified in Schedule 5.10.

  

	5.11	 Severability 

If any provision of this Agreement or any other Financing Document is held to be illegal, invalid or unenforceable, (a) the legality,
validity and enforceability of the remaining provisions of this Agreement and the other Financing Documents shall not be affected or impaired thereby and (b) the Parties shall endeavor in good faith negotiations to replace the illegal, invalid
or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction. 

  
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	5.12	 Survival 

Notwithstanding anything in this Agreement to the contrary, Section 5.6 (Costs and Expenses), and
Section 5.9 (Indemnification by Borrower) shall survive any termination of this Agreement. In addition, each representation and warranty made hereunder and in any other Financing
Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties shall be considered to have been relied upon by
each of the Secured Parties, regardless of any investigation made by any Secured Party or on their behalf and notwithstanding that any Secured Party may have had notice or knowledge of any Default or Event of Default at the time of the borrowing
made pursuant to the Senior Debt Instruments, and shall continue in full force and effect as of the date made or any date referred to herein as long as any Senior Debt or any other Obligation hereunder or under any other Financing Document shall
remain unpaid or unsatisfied. 
  

	5.13	 Waiver of Consequential Damages, Etc. 

To the fullest extent permitted by applicable Government Rule, no Party shall assert, and each Party hereby waives, any claim against any other
Party or their Related Parties, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Financing
Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Advance or the use of the proceeds thereof. No Party or its Related Parties shall be liable for any damages arising from the use by
unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Financing Documents or the transactions
contemplated hereby or thereby. 
  

	5.14	 Reinstatement 

This Agreement and the obligations of the Loan Parties hereunder shall automatically be reinstated if and to the extent that for any reason any
payment made pursuant to this Agreement is rescinded or must otherwise be restored or returned, whether as a result of any proceedings in bankruptcy or reorganization or otherwise with respect to Loan Parties or any other Person or as a result of
any settlement or compromise with any Person (including the Borrower) in respect of such payment, and the Borrower shall pay the Secured Parties on demand all of its reasonable costs and expenses (including reasonable fees, expenses and
disbursements of counsel) incurred by such Party in connection with such rescission or restoration. 

  
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	5.15	 Treatment of Certain Information; Confidentiality 

The Common Security Trustee, each Secured Debt Holder Group Representative, each Secured Hedge Representative and each Secured Gas Hedge
Representative agrees to maintain the confidentiality of the Information, except that Information may be disclosed (a) to its Affiliates and to its Affiliates’ respective officers, directors, partners, members, employees, legal counsel,
independent auditors and other experts, agents and advisors (and to other Persons authorized by the Common Security Trustee, such Secured Debt Holder Group Representative, such Secured Hedge Representative or such Secured Gas Hedge Representative,
as applicable, to organize, present or disseminate such Information in connection with disclosures otherwise made in accordance with this Section 5.15 (Treatment of Certain Information; Confidentiality)
who need to know such Information and on a confidential basis (provided that the Persons to whom such disclosure is made will be informed prior to disclosure of the confidential nature of such Information and instructed to keep such
Information confidential), (b) disclosures of such Information reasonably required by any potential or prospective assignee, transferee or participant in connection with the contemplated assignment, transfer or participation of any Advances or any
participations therein, by any direct or indirect contractual counterparties (or the professional advisors thereto) to any swap or derivative transaction relating to Borrower and its obligations under the Advances or any potential providers of
credit protection, in each case, who are advised of the confidential nature of such Information, (c) disclosure to any rating agency on a confidential basis; provided that such Information is supplied to such rating agency after
consultation with the Senior Facility Agent, (d) disclosure on a confidential basis to the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the Advances,
(e) disclosures in connection with the exercise of any remedies hereunder or under any other Financing Document, (f) disclosures to the extent that such Information is publicly available or becomes publicly available other than by reason
of improper disclosure by such Person, (g) disclosures received by a Person on a non-confidential basis from a source (other than the disclosing party or any of its affiliates, advisors, members,
directors, employees, agents or other representatives) not known by such Person to be prohibited from disclosing such Information to such Person by a legal, contractual or fiduciary obligation, (h) disclosures to the extent that such
Information was already in the disclosing party’s possession or is independently developed by the disclosing party, (i) with respect to the Joint Lead Arrangers under the Working Capital Facility Agreement only, disclosures for purposes of
establishing a “due diligence” defense, (j) disclosures to market data collectors and similar services providers in the lending industry, and service providers to the Common Security Trustee, each Secured Debt Holder Group
Representative, each Secured Hedge Representative and each Secured Gas Hedge Representative in connection with the administration and management of the Obligations, (k) disclosures required or requested by any court, administrative or
governmental agency, body, committee or representative thereof or by the NAIC or pursuant to applicable law or legal, administrative or judicial process, or pursuant to a subpoena or order issued by a court of competent jurisdiction, in which case
such Person agrees to inform Borrower promptly thereof to the extent permitted by applicable law, (l) disclosures upon the request or demand of any regulatory or quasi-regulatory authority purporting to have jurisdiction over such Person or any
of its Affiliates, and (m) disclosures permitted in accordance with the terms of any Secured Debt Instrument. Notwithstanding anything to the contrary set forth herein, each party (and each of their respective employees, representatives or
other agents) may disclose to any and all Persons without limitation of any kind, the tax treatment and tax structure of 

  
 20 

 
the transactions contemplated by the Financing Documents and all materials of any kind (including opinions and other tax analyses) that are provided to any such party relating to such tax
treatment and tax structure. However, any Information relating to the tax treatment or tax structure shall remain subject to the confidentiality provisions hereof (and the foregoing sentence shall not apply) to the extent reasonably necessary to
enable the parties hereto, their respective Affiliates, and their respective Affiliates’ directors and employees to comply with applicable securities laws. For this purpose, “tax structure” means any facts relevant to the U.S. federal
income tax treatment of the transactions contemplated by this Agreement but does not include Information relating to the identity of any of the parties hereto or any of their respective Affiliates. For the purposes of this
Section 5.15 (Treatment of Certain Information; Confidentiality), “Information” means written information that is furnished by or on behalf of the Loan Parties, the Sponsor or any of their
Affiliates to the Common Security Trustee, any Secured Debt Holder Group Representative, any Secured Hedge Representative or any Secured Gas Hedge Representative pursuant to or in connection with any Financing Document, relating to the assets and
business of the Loan Parties, the Sponsor or any of their Affiliates but does not include any such information that (i) is or becomes generally available to the public other than as a result of a breach by the Common Security Trustee, any
Secured Debt Holder Group Representative, any Secured Hedge Representative or any Secured Gas Hedge Representative of its obligations hereunder, (ii) is or becomes available to the Common Security Trustee, any Secured Debt Holder Group
Representative, any Secured Hedge Representative or any Secured Gas Hedge Representative from a source other than the Loan Parties, the Sponsor or any of their Affiliates that is not, to the knowledge of the Common Security Trustee, any Secured Debt
Holder Group Representative, any Secured Hedge Representative or any Secured Gas Hedge Representative, acting in violation of a confidentiality obligation with the Loan Parties, the Sponsor or any of their Affiliates or (iii) is independently
compiled by the Common Security Trustee, any Secured Debt Holder Group Representative, any Secured Hedge Representative or any Secured Gas Hedge Representative, as evidenced by their records, without the use of the Information. Any Person required
to maintain the confidentiality of Information as provided in this Section 5.15 (Treatment of Certain Information; Confidentiality) shall be considered to have complied with its obligation to do so if such
Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. Notwithstanding the foregoing, to the extent the Borrower has a registration statement
with respect to any Senior Debt declared effective, the foregoing provision shall not be applicable to the Secured Debt Holder Group Representative for any holder of Senior Debt subject to such registration statement. 

 

	5.16	 No Recourse 

  

	 	(a)	 Each Secured Party that is a party hereto acknowledges and agrees that the obligations of the Loan Parties and
the Pledgor under this Agreement and the other Financing Documents, including with respect to the payment of the principal of or premium or penalty, if any, or interest on any Obligations, or any part thereof, or for any claim based thereon or
otherwise in respect thereof or related thereto, are obligations solely of the Loan Parties and the Pledgor and shall be satisfied solely from the Security and the assets of the Loan Parties and the Pledgor and shall not

  
 21 

	 	
constitute a debt or obligation of the Sponsor or its respective Affiliates (other than the Loan Parties and the Pledgor) or Blackstone or any of its respective Affiliates (other than the Loan
Parties and the Pledgor), nor of any past, present or future officers, directors, employees, shareholders, agents, attorneys or representatives of the Loan Parties, the Pledgor, the Sponsor, Blackstone and their respective Affiliates (collectively
(but excluding the Loan Parties and the Pledgor), the “Non-Recourse Parties”). 

  

	 	(b)	 Each Secured Party that is a party hereto acknowledges and agrees that the
Non-Recourse Parties shall not be liable for any amount payable under this Agreement or any Financing Document, and no Secured Party shall seek a money judgment or deficiency or personal judgment against any Non-Recourse Party for payment or performance of any obligation of the Loan Parties and the Pledgor under this Agreement or the other Financing Documents. 

 

	 	(c)	 The acknowledgments, agreements and waivers set out in this Section 5.16 (No
Recourse) shall be enforceable by any Non-Recourse Party and are a material inducement for the execution of this Agreement and the other Financing Documents by the Loan Parties and the
Pledgor; 

 provided, however, that: 
  

	 	(i)	 the foregoing provisions of this Section 5.16 (No Recourse)
shall not constitute a waiver, release or discharge of the Loan Parties for any of the Indebtedness or Obligations of the Loan Parties under, or any terms, covenants, conditions or provisions of, this Agreement or any other Financing Document, and
the same shall continue until fully and paid, discharged, observed or performed; 

  

	 	(ii)	 the foregoing provisions of this Section 5.16 (No Recourse)
shall not limit or restrict the right of any Secured Party to name any Loan Party or any other Person as defendant in any action or suit for a judicial foreclosure or for the exercise of any other remedy under or with respect to this Agreement, any
of the Security Documents or any other Financing Document to which such Person is a party, or for injunction or specific performance, so long as no judgment in the nature of a deficiency judgment shall be enforced against any Non-Recourse Party out of any Property other than the Property of the Borrower or the Collateral; 

  

	 	(iii)	 the foregoing provisions of this Section 5.16 (No Recourse)
shall not in any way limit, reduce, restrict or otherwise affect any right, power, privilege or remedy of the Secured Parties (or any assignee or beneficiary thereof or successor thereto) with respect to, and each and every Person (including each
and every Non-Recourse Party) shall remain fully liable to the extent that such Person would otherwise be liable for its own actions with respect to, any fraud, gross negligence or willful misrepresentation,
or willful misappropriation of Cash Flows or any other earnings, revenues, 

  
 22 

	 	
rents, issues, profits or proceeds from or of the Loan Parties, the Project or the Collateral that should or would have been paid as provided in the Financing Documents or paid or delivered to
the Common Security Trustee (or any assignee or beneficiary thereof or successor thereto) for any payment required under this Agreement or any other Financing Document; and 

 

	 	(iv)	 nothing contained herein shall limit the liability of any Person who is a party to any Transaction Document
under this clause (iv) relating solely to such liability of such Person as may arise under such referenced agreement, instrument or opinion. 

The limitations on recourse set forth in this Section 5.16 (No Recourse) shall survive the
Discharge Date. 
  

	5.17	 Subsidiaries. In the event that any Person becomes a Subsidiary of the Borrower (other than any
Unrestricted Subsidiary) after the Closing Date, (a) such Subsidiary shall be deemed a Restricted Subsidiary and (b) the Borrower shall promptly cause such Restricted Subsidiary to execute and deliver to the Common Security Trustee a
joinder to this Agreement, the Security Agreement and Accounts Agreement in the form attached hereto as Exhibit A. 

  

	5.18	 Third Amendment and Restatement. 

This Agreement amends, restates and supersedes the Second Amended and Restated Common Terms Agreement in its entirety. 

 

	5.19	 Electronic Execution of Assignments and Certain Other Documents. 

The words “execution,” “execute”, “signed,” “signature,” and words of like import in or related to any
document to be signed in connection with this Agreement and the transactions contemplated hereby (including without limitation Assignment and Assumptions, amendments, waivers and consents) shall be deemed to include electronic signatures, the
electronic matching of assignment terms and contract formations on electronic platforms approved by the Common Security Trustee, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or
enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National
Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 
  

	6.	 Separateness 

The Borrower shall comply at all times with the separateness provisions set forth on Schedule 6.1. 

  
 23 

	7.	 [Reserved] 

  

	8.	 [Reserved] 

  

	9.	 Events of Default for Secured Debt 

Each of the following events or occurrences set forth in this Section 9 shall be an Event of Default in respect of all Secured Debt other
than (i) Senior Bonds and (ii) other Senior Debt if and to the extent provided in the Senior Debt Instrument governing such Senior Debt. 
  

	9.1	 Non-Payment of Scheduled Payments 

The Borrower shall (i) default in the payment when due of any principal of any Secured Debt; unless (x) such default is caused by an
administrative or technical error and (y) payment is made within three (3) Business Days of its due date, or (ii) default in the payment when due of any interest on any Secured Debt or any fee or any other amount or Obligation payable
by it under this Agreement, any Secured Debt Instrument, any Secured Hedge Instrument or any other Financing Document and such default continues unremedied for a period of three (3) Business Days after the occurrence of such default. 

 

	9.2	 [Reserved] 

  

	9.3	 [Reserved] 

  

	9.4	 [Reserved] 

  

	9.5	 [Reserved] 

  

	9.6	 [Reserved] 

  

	9.7	 Bankruptcy; Insolvency 

A Bankruptcy shall occur with respect to (i) any Loan Party, (ii) the Pledgor, or (iii) SPLNG; provided that, no Event of
Default shall occur under this Section 9.7 in respect of any one or more Restricted Subsidiaries (i) together holding assets not exceeding 10.0% of the Consolidated Total Assets and (ii) the relief sought with
respect to any or all such Restricted Subsidiaries would not materially and adversely affect the Borrower’s ability to repay its Obligations under any Financing Document. 

[Remainder of page intentionally blank. Next page is signature page.] 

  
 24 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed and delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 SABINE PASS LIQUEFACTION, LLC,

as the Borrower

		
	By:	 	 /s/ Lisa C. Cohen

	Name:	 	Lisa C. Cohen
	Title:	 	Treasurer

 SIGNATURE PAGE TO THIRD
AMENDED AND RESTATED COMMON TERMS AGREEMENT 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed and delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	SOCIÉTÉ GÉNÉRALE,
	as the Common Security Trustee and the Intercreditor Agent
		
	By:	 	 /s/ ROBERTO S SIMON

	Name:	 	ROBERTO S SIMON
	Title:	 	Managing Director

 SIGNATURE PAGE TO THIRD
AMENDED AND RESTATED COMMON TERMS AGREEMENT 

 
			
	THE BANK OF NEW YORK MELLON,
	as 4(a)(2) Indenture Trustee
		
	By:	 	 /s/ Bret S. Derman

	Name:	 	Bret S. Derman
	Title:	 	Vice President

  

			
	THE BANK OF NEW YORK MELLON,
	as 144A Indenture Trustee
		
	By:	 	 /s/ Bret S. Derman

	Name:	 	Bret S. Derman
	Title:	 	Vice President

 SIGNATURE PAGE TO THIRD
AMENDED AND RESTATED COMMON TERMS AGREEMENT 

 SCHEDULE 1 TO COMMON TERMS AGREEMENT 

DEFINITIONS 
 “144A
Indenture” has the meaning set forth in the Recitals to the Common Terms Agreement. 
 “144A Indenture Trustee” has the meaning
set forth in the Recitals to the Common Terms Agreement. 
 “2018 Kinder Morgan Precedent Agreement” means the Precedent Agreement, dated
as of October 31, 2018, between Kinder Morgan Louisiana Pipeline LLC and the Borrower. 
 “4(a)(2) Indenture” has the meaning
set forth in the Recitals to the Common Terms Agreement. 
 “4(a)(2) Indenture Trustee” has the meaning set forth in the Recitals to the
Common Terms Agreement. 
 “Accession Agreement” means an accession agreement entered into (or to be entered into) by any acceding Secured
Debt Holder Group Representative, Secured Hedge Representative or Secured Gas Hedge Representative, as applicable, substantially in the form required by Section 2.2 (Accession Agreements) as well as any accession agreement entered into
by a Secured Debt Holder Group Representative on the Closing Date. 
 “Account Collateral” means the Accounts subject to the security
interests granted under the Accounts Agreement. 
 “Accounts” has the meaning given to it in the Accounts Agreement. 

“Accounts Agreement” means the Third Amended and Restated Accounts Agreement, dated as of March 19, 2020, among the Loan Parties, the
Common Security Trustee and the Accounts Bank. 
 “Accounts Bank” means Citibank, N.A., or any successor to it appointed pursuant to the
terms of the Accounts Agreement. 
 “Additional Material Project Document” means any contract, agreement, letter agreement or other
instrument to which any Loan Party becomes a party after the Closing Date that: 
 (a) replaces or substitutes for an existing Material
Project Document; or 
 (b) (i) contains obligations and liabilities that are in excess of $250,000,000 over its term (including after
taking into account all amendments, amendments and restatements, supplements, or waivers to any such contract, agreement, letter agreement or other instrument) and (ii) is for a term that is greater than seven (7) years; 

 provided, that for the purposes of this definition, any series of related transactions shall be
considered as one transaction, and all contracts, agreements, letter agreements or other instruments in respect of such transactions shall be considered as one contract, agreement, letter agreement or other instrument, as applicable. 

“Additional Secured Debt” means any of (a) the Secured Expansion Debt, (b) the Secured Replacement Debt, and (c) the Secured
Senior Notes. 
 “Advance” means a borrowing of a loan, issuance of or drawing upon a letter of credit or the issuance of debt securities
pursuant to any Secured Debt Instrument. 
 “Affiliate” means, with respect to any Person, another Person that directly or indirectly
Controls, or is under common Control with, or is Controlled by, such Person and, if such Person is an individual, any member of the immediate family (including parents, spouse, children and siblings) of such individual and any trust whose principal
beneficiary is such individual or one or more members of such immediate family and any Person who is Controlled by any such member or trust. Notwithstanding the foregoing, the definition of “Affiliate” shall not encompass (a) any
individual solely by reason of his or her being a director, officer, manager or employee of any Person and (b) any Facility Agent, the Common Security Trustee or any Secured Debt Holder. 

“Agreement” has the meaning provided in the Preamble to the Common Terms Agreement. 

“Alberta Xpress Project Precedent Agreement” means the Precedent Agreement, dated as of February 13, 2020, between ANR Pipeline Company
and the Borrower. 
 “Asset Sale” has the meaning assigned to such term in the Indentures as in effect on the date hereof (with all terms
referenced in such term also as in effect on the date hereof). 
 “Authorized Officer” means, as applied to any Person, any individual
holding the position of chairman of the board (if an officer), chief executive officer, president, vice president (or the equivalent thereof), chief financial officer, treasurer or other named officer of such Person (or, in the case of a limited
partnership, of the general partner, acting on behalf of such limited partnership). 
 “Availability Period” (and correlative terms) has
the meaning provided in the relevant Secured Debt Instrument. 

 “Bankruptcy” means, with respect to any Person, the occurrence of any of the following
events, conditions or circumstances: 
 (a) such Person shall file a voluntary petition in bankruptcy or shall be adjudicated a bankrupt or
insolvent, or shall file any petition or answer or consent seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief for itself under the Bankruptcy Code or any present or future applicable
federal, state or other statute or law relating to bankruptcy, insolvency, reorganization or other relief for debtors, or shall seek or consent to or acquiesce in the appointment of any trustee, receiver, conservator or liquidator of such Person or
of all or any substantial part of its properties (the term “acquiesce,” as used in this definition, includes the failure to file in a timely manner a petition or motion to vacate or discharge any order, judgment or decree after
entry of such order, judgment or decree); 
 (b) a case or other proceeding shall be commenced against such Person without the consent or
acquiescence of such Person seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief with respect to such Person or its debts under the Bankruptcy Code or any present or future applicable
federal, state or other statute or law relating to bankruptcy, insolvency, reorganization or other relief for debtors, or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part
of its property, and such involuntary case or other proceeding shall remain undismissed or unstayed for a period of 90 consecutive days; 

(c) a court of competent jurisdiction shall enter an order, judgment or decree approving a petition filed against such Person seeking a
reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under the Bankruptcy Code, or any other present or future applicable federal, state or other statute or law relating to bankruptcy, insolvency,
reorganization or other relief for debtors, and such Person shall acquiesce in the entry of such order, judgment or decree or such order, judgment or decree shall remain undischarged, unvacated or unstayed for 120 days (whether or not consecutive)
from the date of entry thereof, or any trustee, receiver, conservator or liquidator of such Person or of all or any substantial part of its property shall be appointed without the consent or acquiescence of such Person and such appointment shall
remain unvacated and unstayed for an aggregate of 120 days (whether or not consecutive); 
 (d) such Person shall admit in writing its
inability to pay its debts as they mature or shall generally not be paying its debts as they become due; 
 (e) such Person shall make an
assignment for the benefit of creditors or take any other similar action for the protection or benefit of creditors; 
 (f) such Person shall
take any corporate or partnership action for the purpose of effecting any of the foregoing; or 
 (g) an order for relief shall be entered in
respect of such Person under the Bankruptcy Code. 

 “Bankruptcy Code” means the United States Bankruptcy Reform Act of 1978, as heretofore and
hereafter amended, and codified as 11 U.S.C. Section 11 et seq. 
 “Bankruptcy Law” means the Bankruptcy Code and any other state or
federal insolvency, reorganization, moratorium or similar law for the relief of debtors. 
 “Basis Swap” means a commodity derivative
contract that is cash-settled based on the difference between: (1) the price of natural gas at one particular pricing point and (2) the price of natural gas at a different delivery location or pricing point. 

“BG” means BG Gulf Coast LNG, LLC. 

“BG FOB Sale and Purchase Agreement” means the Amended and Restated LNG Sale and Purchase Agreement (FOB), dated January 25, 2012,
between the Borrower and BG. 
 “Blackstone” means Blackstone Capital Partners VI-Q L.P., a
Delaware limited partnership, and/or Blackstone CQP Holdco LP, a Delaware limited partnership, as the context may require. 
 “Borrower”
has the meaning provided in the Preamble to the Common Terms Agreement. 
 “Business Day” means (i) for purposes of the making of LIBO
Loans or Eurodollar Loans (as defined in the applicable Secured Debt Instrument), any day (a) other than a Saturday, Sunday or any other day which is a legal holiday or a day on which banking institutions are permitted to be closed in New York,
New York and (b) that is also a day on which dealings in Dollar deposits are carried out in the London interbank market and (ii) for all other purposes, any day other than a Saturday, Sunday or any other day which is a legal holiday or a
day on which banking institutions are permitted to be closed in New York, New York. 
 “Business Interruption Insurance Proceeds” means all
proceeds of any insurance policies required pursuant to the Financing Documents or otherwise obtained with respect to any Loan Party or the Project insuring such Loan Party against business interruption or delayed
start-up. 
 “Capital Lease Obligations” means, for any Person, the obligations of such Person to
pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as Capital Leases on a balance
sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 

“Capital Leases” means, in respect of any Person, all leases which shall have been, or should have been, in accordance with Section 1.04
of the Working Capital Facility Agreement, recorded as capital leases on the balance sheet of the Person liable (whether contingent or otherwise) for the payment of rent thereunder; provided that for purposes of this Agreement and the other
Financing Documents, the amount of obligations under any Capital Lease shall be the amount thereof accounted for as a liability on the balance sheet of such Person in accordance with Section 1.04 of the Working Capital Facility Agreement. 

 “Capital Stock” means: 

(a) in the case of a corporation, corporate stock; 

(b) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however
designated) of corporate stock; 
 (c) in the case of a partnership or limited liability company, partnership interests (whether general or
limited) or membership interests; and 
 (d) any other interest or participation that confers on a Person the right to receive a share of the
profits and losses of, or distributions of assets of, the issuing Person, but excluding from all of the foregoing any debt securities convertible into Capital Stock, whether or not such debt securities include any right of participation with Capital
Stock. 
 “Cash Flow” means, for any period, the sum (without duplication) of the following: 

(a) all cash paid to any Loan Party during such period in connection with the ownership or operation of the Project; 

(b) all interest and investment earnings paid to any Loan Party or accrued during such period; 

(c) all cash paid to any Loan Party during such period as Business Interruption Insurance Proceeds; and 

(d) all cash paid to any Loan Party during the applicable period from any direct or indirect owner of any Loan Party by way of equity
contribution or subordinated shareholder loans (in each case as otherwise permitted pursuant to the terms of the Financing Documents); 

provided, however, that Cash Flow shall not include any proceeds of any Senior Debt or any other Indebtedness incurred by a Loan Party
(other than pursuant to clause (d) above); Net Loss Proceeds; Net Cash Proceeds other than the sale of capacity and other commercial products in the ordinary course of business, and tax refunds. 

“Centrica” means Centrica plc. 

“Centrica FOB Sale and Purchase Agreement” means the LNG Sale and Purchase Agreement (FOB), dated March 22, 2013, between the Borrower
and Centrica, as assigned to Centrica LNG Company. 

 “Closing Date” means March 19, 2020. 

“CMI” means Cheniere Marketing LLC. 

“CMI LNG Sale and Purchase Agreement” means the Amended and Restated LNG Sale and Purchase Agreement (FOB), dated August 5, 2014, as
amended by the Letter Agreement, dated as of December 8, 2016 and Amendment No. 1, dated May 3, 2019, between the Borrower and CMI, as assigned to Cheniere Marketing International LLP. 

“Collateral” means, without duplication: 

(a) the Collateral (as defined in the Security Agreement); 

(b) the Collateral (as defined in the Pledge Agreement); 

(c) the Account Collateral; and 

(d) all other real and personal property which is subject, from time to time, to the security interests or liens granted by the Security
Documents. 
 “Columbia Gulf Precedent Agreement” means the Amended and Restated Precedent Agreement, dated as of April 19,
2019, between Columbia Gulf Transmission, LLC and the Borrower. 
 “Common Security Trustee” means Société
Générale or any successor to it appointed pursuant to the terms of the Security Agency Agreement. 
 “Common Terms Agreement”
means the Third Amended and Restated Common Terms Agreement, dated as of March 19, 2020, among the Loan Parties, the Secured Debt Holder Group Representatives, the Secured Hedge Representatives, the Secured Gas Hedge Representatives, the Common
Security Trustee and the Intercreditor Agent. 
 “Communications” has the meaning provided in Section 5.10(e) (Notices and
Other Communication). 
 “Condemnation Proceeds” means any amounts and proceeds of any kind (including instruments) payable
in respect of any Event of Taking. 
 “Consents ” means (a) each consent to collateral assignment required to be entered into
pursuant to the Financing Documents (including each consent to collateral assignment set forth on Annex A (Closing Date Consents) to the Common Terms Agreement) and each other consent to collateral assignment entered into by any
Loan Party, in each case by and among the applicable Loan Party, the Common Security Trustee and the Persons identified therein, and (b) each subordination, non-disturbance, surface use and/or recognition
agreement, affidavit of use and possession, estoppel certificate from counterparties to the Real Property Documents required to be entered into pursuant to the Financing Documents. 

 “ConocoPhillips License Agreements” means, collectively, the Stage 1 ConocoPhillips License
Agreement, the Stage 2 ConocoPhillips License Agreement, the Stage 3 ConocoPhillips License Agreement and the Stage 4 ConocoPhillips License Agreement. 

“Consolidated Total Assets” means, as of the date of any determination thereof, total assets of the Borrower and its Subsidiaries calculated
in accordance with GAAP on a consolidated basis as of such date. 
 “Construction Account” has the meaning assigned to such term in the
Accounts Agreement. 
 “Consultants” means the Independent Engineer, the Insurance Advisor and the Market Consultant. 

“Control ” (including, with its correlative meanings, “Controlled by” and “under common Control
with”) means possession, directly or indirectly, of power to direct or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership interests, by contract or otherwise) and,
in any event, any Person owning at least fifty percent (50%) of the voting securities of another Person shall be deemed to Control that Person. 

“Cooperation Agreement” means the Amended and Restated Cooperation Agreement, dated as of June 30, 2015, and amended May 29, 2019,
between the Borrower and SPLNG. 
 “Creole Trail Pipeline Service Agreement” means the Service Agreement, dated as of March 11, 2015,
between the Borrower and Cheniere Creole Trail Pipeline, L.P. 
 “Creole Trail Pipeline Transportation Agreement” means the Firm
Transportation Agreement, dated as of March 11, 2015, between the Borrower and Cheniere Creole Trail Pipeline, L.P. pursuant to the Creole Trail Precedent Agreement. 

“Default” means an Event of Default or an event or condition which, with the giving of notice, lapse of time or upon a declaration or
determination being made (or any combination thereof), would become an Event of Default. 
 “Development” means the development,
acquisition, ownership, occupation, construction, equipping, testing, repair, operation, maintenance and use of the Project and the purchase and sale of natural gas and the sale of LNG, the export of LNG from the Project (and, if elected, the import
of LNG to the extent the Borrower has all necessary Government Approvals therefor), the transportation of natural gas to the Project by third parties, and the sale of other Services or other products or
by-products of the Project and all activities incidental thereto, in each case in accordance with the Transaction Documents. All references to Development shall include the Train 6 Development.
“Develop” and “Developed” shall have the correlative meanings. 

 “Discharge Date” means the date on which: 

(a) the Common Security Trustee, the Senior Facility Agent and the Secured Debt Holders shall have received final payment in full in cash of
all of the Obligations and all other amounts owing to the Senior Facility Agent, the Common Security Trustee, the Secured Debt Holders and the other Secured Parties under the Financing Documents (other than Obligations thereunder that by their terms
survive and with respect to which no claim has been made by the applicable Secured Parties and, at the option of the Borrower and to the extent permitted by the Secured Debt Instrument governing any (i) Senior Bonds, other than Obligations
payable in respect of Senior Bonds if the amounts payable in respect of all other Obligations have been so paid in full (except Obligations subject to the Borrower’s option under the succeeding clause (ii)) and (ii) Working Capital Debt,
other than Obligations payable in respect of Working Capital Debt if the amounts payable in respect of all other Obligations have been so paid in full (except Obligations subject to the Borrower’s option under the preceding clause (i)); 

(b) the Senior Debt Commitments shall have terminated, expired or been reduced to zero Dollars ($0); and 

(c) each Permitted Hedging Agreement that would constitute an Obligation shall have terminated or expired. 

“Distribution Account” has the meaning assigned to such term in the Accounts Agreement. 

“DOE/FE” means the United States Department of Energy Office of Fossil Energy or any successor thereto having jurisdiction over the import of
LNG to and the export of LNG from the Project. 
 “Dollars” and “$” means lawful money of the United States. 

“Environmental Affiliate” means any Person, to the extent the Borrower could reasonably be expected to have liability as a result of the
Borrower retaining, assuming, accepting or otherwise being subject to liability for Environmental Claims relating to such Person, whether the source of the Borrower’s obligation is by contract or operation of Government Rule. 

“Environmental Claim” means any notice, claim, demand, administrative, regulatory or judicial action, suit, judgment or other written
communication (collectively, a “claim”) by any Person alleging or asserting liability for investigatory costs, cleanup or other remedial costs, legal costs, environmental consulting costs, governmental response costs, damages to natural
resources or other property, personal injuries, fines or penalties related to (a) the presence, Release or threatened Release into the environment, of any Hazardous Material at any location, whether or not owned by the Person against whom such
claim is made, or 

 (b) any violation of any Environmental Law. The term “Environmental Claim” shall include any claim
by any person or Government Authority for enforcement, cleanup, removal, response, remedial action or damages pursuant to any Environmental Law, and any claim by any third party seeking damages, contribution, indemnification, cost recovery,
compensation or injunctive relief under any Environmental Law. 
 “Environmental Laws” means all federal, state, and local statutes, laws,
regulations, rules, judgments (including all tort causes of action), orders or decrees, in each case as modified and supplemented and in effect from time to time relating to the regulation, use or protection of the environment, coastal resources,
protected plant and animal species, navigation, human health and safety or to Releases or threatened Releases of Hazardous Materials into the environment, including, without limitation, ambient air, soil, surface water, groundwater, wetlands,
coastal waters, land or subsurface strata, or otherwise relating to the generation, manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials. 

“EPC Contractor” means Bechtel Oil, Gas and Chemicals, Inc. 

“EPC Contracts” means, collectively, the Stage 2 EPC Contract, the Stage 3 EPC Contract and the Stage 4 EPC Contract. 

“EQT Natural Gas Sale and Purchase Agreement” means the Base Contract for Sale and Purchase of Natural Gas, dated as of December 1,
2013, between EQT Energy, LLC and the Borrower, as supplemented by Transaction Confirmation #61234, dated as of January 16, 2014, Transaction Confirmation #61225, dated as of January 16, 2014 and Transaction Confirmation #65185, dated as
of April 15, 2014, each executed between EQT Energy, LLC and the Borrower. 
 “Equity Interests” means, with respect to any Person,
any of the shares of capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit
interests in) such Person, all of the securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person
of such shares (or such other interests), and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options,
rights or other interests are outstanding on any date of determination, in each such case including all voting rights and economic rights related thereto. 

“Event of Default” means an “Event of Default” under any Senior Debt Instrument. 

“Event of Taking” means any taking, seizure, confiscation, requisition, exercise of rights of eminent domain, public improvement, inverse
condemnation, condemnation or similar action of or proceeding by any Governmental Authority relating to all or any part of the pipeline necessary to supply gas to the Project or the Project, any Equity Interests in the Borrower or any other part of
the Collateral. 

 “Expansion Debt” means additional senior secured or unsecured Indebtedness to finance the
development of the Project, including additional liquefaction trains, pipelines, tanks, berths and any associated infrastructure and facilities, and to be incurred after the Closing Date. 

“Fee Letter” means: 
 (a) the
fee letter, dated as of the date hereof, between the Borrower and the Senior Facility Agent (the “Scotiabank Fee Letter”); and 

(b) the fee letters, dated as of the date hereof, between the Borrower and each Lender under and as defined in the Working Capital Facility
Agreement. 
 “FERC” means the United States Federal Energy Regulatory Commission or any successor thereto having jurisdiction over the
transportation of natural gas through, or the siting, construction or operation of, the Project. 
 “Financing Documents” means each of:

 (a) the Common Terms Agreement; 

(b) the Indentures; 
 (c) the
Working Capital Facility Agreement; 
 (d) each other Secured Debt Instrument; 

(e) each of the Security Documents; 

(f) the Security Agency Agreement; 

(g) the Intercreditor Agreement; 

(h) the Permitted Hedging Agreements; 

(i) the Fee Letters; and 
 (j)
each other document designated as a Financing Document by the Borrower and each Secured Debt Holder Group Representative. 

 “First of Month Index” means a price which represents the most commonly traded fixed price
at a major trading point and as published by Inside FERC Gas Market Report (“IFERC” or any successor publication widely used to establish index pricing in the U.S. natural gas trading market). 

“Fitch” means Fitch Ratings, Ltd. 

“Fixed-Float Futures Swap” means a contract which entitles the buyer of the contract to pay a fixed price for natural gas and the seller to
pay a floating price equal to the final settlement price of the Futures Contract settlement prices. The Fixed-Float Futures Swap shall be settled financially, via exchange of cash payment at the expiration of the underlying Futures Contract, rather
than physically. 
 “FOB Sale and Purchase Agreements” means, collectively, the BG FOB Sale and Purchase Agreement, the GN FOB Sale and
Purchase Agreement, the KoGas FOB Sale and Purchase Agreement, the GAIL FOB Sale and Purchase Agreement, the Centrica FOB Sale and Purchase Agreement, the Total FOB Sale and Purchase Agreement, the Petronas FOB Sale and Purchase Agreement, the Vitol
FOB Sale and Purchase Agreement, and any Qualified FOB Sale and Purchase Agreements. 
 “Force Majeure” has the meaning assigned to the
term “Force Majeure” in each FOB Sale and Purchase Agreement. 
 “Fundamental Government Approvals” means the approvals and
permits issued by FERC and DOE/FE as set forth on Schedule 4.6(a), and, when obtained, the approvals and permits issued by FERC and DOE/FE as set forth on Schedule 4.6 (b). 

“Futures Contract” means a contract which entitles the buyer of the contract to claim physical delivery of natural gas from the seller at a
specified contract delivery point at a specified date in the future and entitles the seller to deliver the physical commodity to the buyer under the same conditions. The price between the buyer and the seller shall be transacted at the price of
final settlement on a monthly basis. 
 “GAAP” means generally accepted accounting principles in the United States set forth in the
opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other principles as may be approved by a
significant segment of the accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied. 

“GAIL” means GAIL (India) Limited. 

“GAIL FOB Sale and Purchase Agreement” means the LNG Sale and Purchase Agreement, dated as of December 11, 2011, between the Borrower
and GAIL, as amended by that certain Amendment No. 1 of LNG Sale and Purchase Agreement, dated February 18, 2013. 

 “Gas” means any hydrocarbon or mixture of hydrocarbons consisting predominantly of methane
which is in a gaseous state. 
 “Gas Hedge Provider” means any party (other than the Loan Parties or any of their Affiliates) that is a
party to a Permitted Hedging Agreement described in clause (b) of the definition thereof that is secured by a Security in the Collateral pursuant to the Security Documents. 

“Gas Hedge Termination Value” means the amount of any termination payment owed by the Borrower to a Gas Hedge Provider under a Secured Gas
Hedge Instrument, or to any other counterparty under a Gas hedge agreement that is not a Secured Gas Hedge Instrument, in either case upon the termination of the Secured Gas Hedge Instrument or such other Gas hedge agreement that is not a Secured
Gas Hedge Instrument as a result of a party’s default thereunder. 
 “GE Contractual Service Agreement” means the Contractual Service
Agreement, dated as of December 18, 2014, as amended by Amendment No. 1, dated as of February 29, 2016 and Amendment No. 2, dated as of June 10, 2019, between the Borrower and GE Oil & Gas, Inc. 

“GN” means Gas Natural Aprovisionamientos SDG S.A. 

“GN FOB Sale and Purchase Agreement” means the LNG Sale and Purchase Agreement (FOB), dated November 21, 2011, between the Borrower and
GN, as amended by that certain Amendment No. 1 to the LNG Sale and Purchase Agreement (FOB), dated as of April 3, 2013 and that certain Letter Agreement, dated as of January 12, 2017, as assigned to Gas Natural Fenosa LNG GOM,
Limited. 
 “Government Approval” means (a) any authorization, consent, approval, license, lease, ruling, permit, tariff, rate,
certification, waiver, exemption, filing, variance, claim, order, judgment or decree of, by or with, (b) any required notice to, (c) any declaration of or with or (d) any registration by or with, any Government Authority. 

“Government Authority” means any supra-national, federal, state or local government or political subdivision thereof or other entity
exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government and having jurisdiction over the Person or matters in question. 

“Government Rule” means any statute, law, regulation, ordinance, rule, judgment, order, decree, directive, requirement of, or other
governmental restriction or any similar binding form of decision of or determination by, or any interpretation or administration of any of the foregoing by, any Government Authority, including all common law, which is applicable to any Person,
whether now or hereafter in effect. 

 “Guarantee” means a guarantee, an endorsement, a contingent agreement to purchase or to
furnish funds for the payment or maintenance of, or otherwise to be or become contingently liable under or with respect to, the Indebtedness, other obligations, net worth, working capital or earnings of any Person, or a guarantee of the payment of
dividends or other distributions upon the stock or equity interests of any Person, or an agreement to purchase, sell or lease (as lessee or lessor) Property of any Person, products, materials, supplies or services primarily for the purpose of
enabling a debtor to make payment of his, her or its obligations or an agreement to assure a creditor against loss, and including causing a bank or other financial institution to issue a letter of credit or other similar instrument for the benefit
of another Person, but excluding (a) endorsements for collection or deposit in the ordinary course of business and (b) customary non-financial indemnity or hold harmless provisions included in
contracts entered into in the ordinary course of business. The terms “Guarantee” and “Guaranteed” used as verbs shall have correlative meanings. 

“Hazardous Material” means: 

(a) any petroleum or petroleum byproducts, flammable materials, explosives, radioactive materials, friable asbestos, urea formaldehyde foam
insulation and polychlorinated biphenyls (PCBs); 
 (b) any chemicals, other materials, substances or wastes which are now or hereafter
become defined as or included in the definition of “hazardous substances”, “hazardous wastes”, “hazardous materials”, “extremely hazardous wastes”, “restricted hazardous wastes”, “toxic
substances”, “toxic pollutants”, “contaminants”, “pollutants” or words of similar import under any Environmental Law; and 

(c) any other chemical, material, substance or waste which is now or hereafter regulated under or with respect to which liability may be
imposed under Environmental Law. 
 “Hedge Termination Value” means, in respect of any Interest Rate Protection Agreement, after taking
into account the effect of any legally enforceable netting agreement to which the Borrower is a party relating to such Interest Rate Protection Agreement, for any date on or after the date such Interest Rate Protection Agreement has been closed out
and termination value determined in accordance therewith, such termination value. 
 “Hedging Agreement” means any agreement which
evidences any interest rate, swap, forward rate transaction, commodity swap, commodity option, commodity future, interest rate option, interest or commodity cap, interest or commodity collar transaction, currency swap agreement, currency future or
option contract, or other similar agreements. 
 “Holders” of Senior Debt shall be determined by reference to provisions of the relevant
Senior Debt Instrument or Secured Hedge Instrument, as applicable, setting forth who shall be deemed to be lenders, holders, or owners of the Senior Debt governed thereby. 

 “Indebtedness” of any Person means without duplication: 

(a) all obligations of such Person for borrowed money or in respect of deposits or advances of any kind; 

(b) all obligations of such Person evidenced by bonds, debentures, notes, loan agreements, or similar instruments; 

(c) all obligations of such Person upon which interest charges are customarily paid; 

(d) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person
(even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property or are otherwise limited in recourse); 

(e) all obligations of such Person in respect of the deferred purchase price of property or services (excluding current accounts payable
incurred in the ordinary course of business); 
 (f) all Indebtedness of others secured by (or for which the holder of such Indebtedness has
an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed; 

(g) all Guarantees by such Person of Indebtedness of others; 

(h) all Capital Lease Obligations of such Person; 

(i) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit (including standby and
commercial), bank guaranties, surety bonds, letters of guaranty and similar instruments; 
 (j) all obligations of such Person in respect of
any Hedging Agreement; 
 (k) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances; and 

(l) all obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in respect of any Equity Interests of
such Person or any other Person or any warrants, rights or options to acquire such Equity Interests, valued, in the case of redeemable preferred interests, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid
dividends. 
 The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general
partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable
therefor. 

 “Indemnitee” has the meaning assigned to such term in Section 5.9
(Indemnification by Borrower). 
 “Indentures” has the meaning given to it in the Recitals to this Agreement. 

“Independent Engineer” means Lummus Consultants International, Inc. (f/k/a Shaw Consultants International, Inc.) and any replacement
thereof appointed by the Required Secured Parties and, if no Event of Default shall then be occurring, after consultation with the Borrower. 

“Index Swap” means a contract which entitles the buyer of the contract to pay one index price (e.g. First of Month Index) and entitles the
seller to pay a different index price (e.g. the daily average). The index swap is settled financially via exchange of cash payment at the expiration of the underlying Futures Contract. 

“Initial Quarterly Payment Date” means the first March 31, June 30, September 30 or December 31 to occur at least three
(3) calendar months following the Project Completion Date. 
 “Insurance Advisor” means Aon Risk Services and any replacement thereof
appointed by the Required Secured Parties and, if no Event of Default shall then be occurring, after consultation with the Borrower. 
 “Insurance
Proceeds” means all proceeds of any insurance policies required pursuant to the Financing Documents or otherwise obtained with respect to any Loan Party or the Project that are paid or payable to or for the account of such Loan Party as
loss payee (other than Business Interruption Insurance Proceeds and proceeds of insurance policies relating to third party liability). 

“Intercreditor Agent” means Société Générale or any successor to it, appointed pursuant to the terms of the
Intercreditor Agreement. 
 “Intercreditor Agreement” means the Second Amended and Restated Intercreditor Agreement, dated as of
June 30, 2015, among the Secured Debt Holder Group Representatives, the Secured Hedge Representatives, the Secured Gas Hedge Representatives, the Common Security Trustee and the Intercreditor Agent. 

“Interest Rate Protection Agreements” means each interest rate swap, collar, put, or cap, or other interest rate protection arrangement
between the Borrower and a Qualified Counterparty. 

 “International LNG Terminal Standards” means to the extent not inconsistent with the
express requirements of the Common Terms Agreement, the international standards and practices applicable to the design, construction, equipment, operation or maintenance of LNG receiving, exporting, liquefaction and regasification terminals,
established by the following (such standards to apply in the following order of priority): (i) a Government Authority having jurisdiction over the Borrower, (ii) the Society of International Gas Tanker and Terminal Operators
(“SIGTTO”) (or any successor body of the same) and (iii) any other internationally recognized non- governmental agency or organization with whose standards and practices it is customary
for reasonable and prudent operators of LNG receiving, exporting, liquefaction and regasification terminals to comply. In the event of a conflict between any of the priorities noted above, the priority with the lowest Roman numeral noted above shall
prevail. 
 “International LNG Vessel Standards” means to the extent not inconsistent with the express requirements of the Common Terms
Agreement, the international standards and practices applicable to the ownership, design, equipment, operation or maintenance of LNG vessels established by: (i) the International Maritime Organization, (ii) the Oil Companies International
Marine Forum, (iii) SIGTTO (or any successor body of the same), 
 (iv) the International Navigation Association, (v) the International
Association of Classification Societies, and (vi) any other internationally recognized agency or non-governmental organization with whose standards and practices it is customary for reasonable and prudent
operators of LNG vessels to comply. In the event of a conflict between any of the priorities noted above, the priority with the lowest Roman numeral noted above shall prevail. 

“Investment” means, for any Person: 

(a) the acquisition (whether for cash, Property of such Person, services or securities or otherwise) of capital stock, bonds, notes,
debentures, partnership or other ownership interests or other securities of any other Person or any agreement to make any such acquisition (including any “short sale” or any other sale of any securities at a time when such securities are
not owned by the Person entering into such sale); 
 (b) the making of any deposit with, or advance, loan or other extension of credit to,
any other Person (including the purchase of Property from another Person subject to an understanding or agreement, contingent or otherwise, to resell such Property to such Person, but excluding any such advance, loan or extension of credit having a
term not exceeding ninety (90) days representing the purchase price of inventory or supplies sold in the ordinary course of business); and 

(c) the entering into of any Guarantee of, or other contingent obligation (other than an indemnity which is not a Guarantee) with respect to,
Indebtedness or other liability of any other Person; 

 provided, that Investment shall not include amounts deposited pursuant to the escrow
agreement entered into pursuant to Section 18.4 of each of the EPC Contracts. 
 “Investment Grade” means two long-term unsecured
credit ratings that are equal to or better than (a) Baa3 by Moody’s, (b) BBB- by S&P, (c) BBB- by Fitch, or (d) any comparable credit
ratings by any other nationally recognized statistical rating organizations. 
 “KMLP Pipeline Transportation Agreement” means the
Transportation Rate Schedule FTS Agreement, dated December 8, 2017, by and between Kinder Morgan Louisiana Pipeline Company LLC and SPL. 

“KoGas” means Korea Gas Corporation. 

“KoGas FOB Sale and Purchase Agreement” means the LNG Sale and Purchase Agreement, dated as of January 30, 2012, between the Borrower
and KoGas, as amended by that certain Amendment No. 1 of LNG Sale and Purchase Agreement, dated February 18, 2013. 
 “Lease
Agreements” means: 
 (a) that certain real property lease agreement between Crain Lands, LLC, as lessor, and the Borrower, as
lessee, dated December 5, 2011; and 
 (b) that certain Amended and Restated Lease Agreement between Crain Lands, LLC, as lessor, and
the Borrower, as lessee, dated June 21, 2019 but effective as of November 1, 2011, both as may be amended or supplemented from time to time. 

“Lien” means, with respect to any Property (including, without limitation, the Project) of any Person, any mortgage, pledge, hypothecation,
assignment, encumbrance, bailment, lien, privilege or other security interest, including any sale-leaseback arrangement, any conditional sale, other title retention agreement, tax lien, lien (statutory or otherwise), easement or right of way in
respect of such Property of such Person. For purposes of the Financing Documents, a Person shall be deemed to own subject to a Lien any Property which it has acquired or holds subject to the interest of a vendor or lessor under any conditional sale
agreement, capital lease or other title retention agreement (other than an operating lease) relating to such Property. 
 “Loan Party” has
the meaning provided in the Preamble to the Common Terms Agreement. 
 “LNG” means Gas in a liquid state at or below its boiling point at a
pressure of approximately one atmosphere. 

 “Majority Aggregate Secured Credit Facilities Debt Participants” has the meaning given to
it in the Intercreditor Agreement. 
 “Management Services Agreement” means the Management Services Agreement, dated as of May 14,
2012, between the Borrower and the Manager. 
 “Manager” means Cheniere LNG Terminals, LLC (f/k/a Cheniere LNG Terminals, Inc.), a Delaware
limited liability company. 
 “Market Consultant” means Wood Mackenzie Limited and any replacement thereof appointed by the Required
Secured Parties and, if no Event of Default shall then be occurring, after consultation with the Borrower. 
 “Material Adverse Effect”
means an act, event or condition which materially impairs (a) the business, financial condition, or operations of any Loan Party or the Project, (b) the ability of any Loan Party to perform its material obligations under any Financing Document
or Material Project Document to which it is a party, (c) the validity and enforceability of any Material Project Document or any Financing Document or the rights or remedies of each Secured Debt Holder thereunder or (d) the security
interests of the Secured Parties. 
 “Material Project Documents” means: 

(a) the EPC Contracts and related parent guarantees; 

(b) the FOB Sale and Purchase Agreements and related parent guarantees; 

(c) the Management Services Agreement; 

(d) the O&M Agreement; 
 (e)
the Sabine Pass TUA; 
 (f) the Pipeline Transportation Agreements; 

(g) the Terminal Use Rights Assignment and Agreement; 

(h) the Cooperation Agreement; 

(i) the Real Property Documents; 

(j) the Precedent Agreements; 

(k) the ConocoPhillips License Agreements; 

(l) The Total TUA Assignment Agreements; 

(m) the Water Agreement; 

 (n) the CMI LNG Sale and Purchase Agreement; 

(o) the EQT Natural Gas Sale and Purchase Agreement; 

(p) the GE Contractual Service Agreement; 

(q) the Creole Trail Pipeline Service Agreement; 

(r) any Additional Material Project Document; and 

(s) any agreement replacing or in substitution of any of the foregoing. 

“Material Project Party” means each party to a Material Project Document (other than the Borrower) and each guarantor or provider of security
or credit support in respect thereof. 
 “Mechanics’ Liens” means carriers’, warehousemen’s, laborers’,
mechanics’, workmen’s, materialmen’s, repairmen’s, construction or other like statutory Liens. 
 “Moody’s” means
Moody’s Investors Service, Inc. 
 “Mortgaged Property” has the meaning ascribed to such term in the Mortgages. 

“Mortgages ” means (i) the Third Amended and Restated Multiple Indebtedness Mortgage, Assignment of Leases and Rents and Security
Agreement, dated as of June 30, 2015, from the Borrower to the Common Security Trustee, (ii) the Multiple Indebtedness Mortgage, Assignment of Leases and Rents and Security Agreement, dated as of June 30, 2015, from the Borrower to
the Common Security Trustee and (iii) the Multiple Indebtedness Mortgage, Assignment of Leases and Rents and Security Agreement, effective as of June 19, 2019, from the Borrower to the Common Security Trustee. 

“NAIC” means The National Association of Insurance Commissioners, and any successor thereto. 

“Net Cash Proceeds” means in connection with any asset disposition, the aggregate cash proceeds received by the Borrower or any of its
Restricted Subsidiaries in respect of any asset disposition (including any cash received upon the sale or other disposition of any non-cash consideration received in any asset disposition), net of the direct
costs relating to such asset disposition and payments made to retire Indebtedness (other than the Obligations) required to be repaid in connection therewith, including legal, accounting and investment banking fees, and sales commissions, and any
relocation expenses incurred as a result of such asset disposition, Taxes paid or payable as a result of such asset disposition, in each case, after taking into account any available tax credits or deductions and any tax sharing arrangements, and
amounts reserved for adjustment in respect of the sale price of such asset or assets established in accordance with GAAP. 

 “Net Loss Proceeds” means Insurance Proceeds, Condemnation Proceeds and all Performance
Liquidated Damages. 
 “NGPL Pipeline Transportation Agreements” means (i) the Transportation Rate Schedule FTS Agreement, dated
October 29, 2012, between Natural Gas Pipeline Company of America LLC and the Borrower, as amended by that certain Transportation Rate Schedule FTS Amendment No. 1, dated June 18, 2013 and (ii) Transportation Rate Schedule FTS
Agreement, dated June 18, 2013, between Natural Gas Pipeline Company of America LLC and the Borrower. 

“Non-Recourse Party” has the meaning provided in Section 5.16(a) (No
Recourse). 
 “Notes” means the promissory notes issued by the Borrower evidencing the Advances, including the Promissory
Notes (as defined in the Working Capital Facility Agreement) as they may be amended, restated, supplemented or otherwise modified from time to time. 

“NYMEX” means the New York Mercantile Exchange, a wholly owned subsidiary of the Chicago Mercantile Exchange. 

“NYMEX Natural Gas Futures Contract” means the Futures Contract for natural gas on NYMEX, which is used for the physical receipt and/or
delivery of gas at the Henry Hub located in Erath, Louisiana. 
 “O&M Agreement” means the Operation and Maintenance Agreement, dated
as of May 14, 2012, between the Operator, the Borrower and, solely for the purposes set forth therein, Cheniere LNG O&M Services, LLC, as amended by that certain Assignment and Assumption Agreement, dated as of November 20, 2013,
between the Operator and Cheniere Energy Partners GP, LLC. 
 “Obligations” means and includes all loans, advances (including, without
limitation, any advance made by any Secured Party to satisfy any obligation of any Loan Party or the Pledgor under any Transaction Document), debts, liabilities, Indebtedness and obligations of the Loan Parties, howsoever arising, owed to the
Secured Debt Holders, the Secured Debt Holder Group Representatives, the Holders of Secured Hedge Obligations, the Secured Hedge Representatives or any other Secured Party of every kind and description (whether or not evidenced by any note or
instrument and whether or not for the payment of money), direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after
the commencement by or against any Loan Party of any insolvency or liquidation proceeding naming any Loan Party as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding, pursuant to the
terms of this Agreement or any of the other Financing Documents (including the Secured Hedge Instruments), including all principal, interest, fees, charges, expenses, attorneys’ fees, costs and expenses, accountants’ fees and
Consultants’ fees payable by the Borrower hereunder or thereunder. 

 “Operating Account” means the Operating Account so designated, established and created by
the Accounts Bank pursuant to the Accounts Agreement. 
 “Operating Budget” means a proposed operating plan and a budget setting forth in
reasonable detail the projected requirements for Operation and Maintenance Expenses for the Borrower and the Project for the ensuing calendar year (or, in the case of the initial Operating Budget, the remaining portion thereof). 

“Operation and Maintenance Expenses” means, for any period, the sum, computed without duplication, of the following, in each case that are
contemplated by the then-effective Operating Budget or are incurred in connection with any permitted exceedance thereunder pursuant to this Agreement: 

(a) for fees and costs of the Manager pursuant to the Management Services Agreement; plus 

(b) expenses for operating the Project and maintaining it in good repair and operating condition payable during such period, including the
ordinary course fees and costs of the Operator payable pursuant to the O&M Agreement; plus 
 (c) insurance costs payable during
such period; plus 
 (d) applicable sales and excise taxes (if any) payable or reimbursable by the Borrower during such period;
plus 
 (e) franchise taxes payable by the Borrower during such period; plus 

(f) property taxes payable by the Borrower during such period; plus 

(g) any other direct taxes (if any) payable by the Borrower to the taxing authority (other than any taxes imposed on or measured by income or
receipts) during such period; plus 
 (h) costs and fees attendant to the obtaining and maintaining in effect the Governmental
Approvals payable during such period; plus 
 (i) legal, accounting and other professional fees attendant to any of the foregoing
items payable during such period; plus 
 (j) Permitted Capital Expenditures contemplated by then-effective Operating Budget; 

(k) the cost of purchase and transportation (including storage) of natural gas consumed for LNG production; plus 

(l) all other cash expenses payable by the Borrower in the ordinary course of business. 

 Operation and Maintenance Expenses shall exclude any Gas Hedge Termination Value and shall exclude, to the
extent included above: (i) transfers from any Account into any other Account (other than the Operating Account) during such period, (ii) payments of any kind with respect to Restricted Payments during such period, (iii) depreciation
for such period, (iv) except as provided in clause (j) above, any Capital Expenditure including Permitted Capital Expenditures and (v) any payments of any kind with respect to any restoration during such period. 

To the extent insufficient funds are available in the Operating Account to pay any Operation and Maintenance Expenses and amounts are advanced
by or on behalf of any of the Secured Parties in accordance with the terms of the applicable Secured Debt Instrument or Secured Hedge Instrument for the payment of such Operation and Maintenance Expenses, the Obligation to repay such advances shall
itself constitute an Operation and Maintenance Expense. 
 “Operator” means Cheniere Energy Investments, LLC, or such other Person from
time to time party to the O&M Agreement as ‘Operator’. 
 “Organizational Documents” means (i) with respect to any
corporation or company, its certificate, memorandum or articles of incorporation, organization or association, as amended, and its bylaws, as amended, (ii) with respect to any limited partnership, its certificate or declaration of limited
partnership, as amended, and its partnership agreement, as amended, (iii) with respect to any general partnership, its partnership agreement, as amended, and (iv) with respect to any limited liability company, its certificate of formation,
as amended, and its operating agreement or limited liability company agreement, as amended. In the event any term or condition of this Agreement or any other Financing Document requires any Organizational Document to be certified by a secretary of
state or similar governmental official including an official of a non-United States government official, the reference to any such “Organizational Document” shall only be to a document of a type
customarily certified by such governmental official in such official’s relevant jurisdiction. 
 “Parties” and
“Party” have the meaning set forth in the Preamble to the Common Terms Agreement. 
 “Patriot Act” means United States
Public Law 107-56, Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) of 2001, and the rules and regulations promulgated thereunder
from time to time in effect. 
 “Payment Date” means (a) each Quarterly Payment Date, and (b) with respect to other Secured Debt
Instruments, the meaning provided therein. 

 “Performance Liquidated Damages” means any liquidated damages resulting from the
Project’s performance which are required to be paid by the EPC Contractor or any other Material Project Party for or on account of any diminution to the performance of the Project. 

“Permitted Hedging Agreement” means any: 

(a) Interest Rate Protection Agreements; 

(b) the following gas hedging contracts: 

(i) Futures Contracts, Fixed-Float Futures Swaps, NYMEX Natural Gas Futures Contracts and Swing Swaps for gas hedging purposes for up to a
maximum of 78 TBtu of gas utilizing intra-month and up to three prompt month contracts; 
 (ii) Index Swaps for gas hedging purposes for up
to a maximum of 74.4 TBtu per month of gas utilizing up to three prompt month contracts; and 
 (iii) Basis Swaps for gas hedging purposes
for up to a maximum of (a) 74.4 TBtu per month for Basis Swaps with a tenor up to 24 months and (b) 30.0 TBtu for Basis Swaps with a tenor greater than 24 months but less than 36 months. For the avoidance of doubt, Basis Swaps with a tenor of more
than 36 months are prohibited. Further, the aggregate notional volume of financial natural gas positions in Basis Swaps may not exceed that of physical natural gas positions on an MMBtu basis. 

“Permitted Liens” means the Liens permitted to be incurred by the Borrower and its Subsidiaries pursuant to the terms of the Financing
Documents. 
 “Person” means any individual, corporation, company, voluntary association, partnership, joint venture, trust, limited
liability company, unincorporated organization or Government Authority. 
 “Petronas” means Petronas LNG Ltd. 

“Petronas FOB Sale and Purchase Agreement” means the LNG Sale and Purchase Agreement (FOB), dated December 18, 2018, as amended by that
certain Amendment No. 1, dated May 7, 2019, between the Borrower and Petronas. 
 “Pipeline Transportation Agreements” means,
collectively, the Creole Trail Pipeline Transportation Agreement, the NGPL Pipeline Transportation Agreements, the Transco Pipeline Transportation Agreement, and the KMLP Pipeline Transportation Agreements. 

“Pledge Agreement” means the Second Amended and Restated Pledge Agreement, dated as of June 30, 2015, between the Pledgor and the Common
Security Trustee and any other pledge agreement executed (in favor of the Common Security Trustee) by any Person holding any direct ownership interests in the Borrower. 

 “Pledgor” means Sabine Pass LNG-LP, LLC, a Delaware
limited liability company. 
 “Precedent Agreements” means, collectively, the 2018 Kinder Morgan Precedent Agreement, the Alberta Xpress
Project Precedent Agreement and the Columbia Gulf Precedent Agreement. 
 “Project” means the natural gas liquefaction facility located in
Cameron Parish, Louisiana owned and operated by the Borrower for the production of LNG and other Services. 
 “Project Completion Date”
means the earlier of (x) Substantial Completion (as defined in the Stage 4 EPC Contract) of Train 6 and (y) April 16, 2023. 

“Project Costs” means all costs of acquiring, leasing, designing, engineering, developing, permitting, insuring, financing (including closing
costs and interest and interest rate hedge expenses), constructing, installing, commissioning, testing and starting-up (including costs relating to all equipment, materials, spare parts and labor for) the
Project and all other costs incurred with respect to the Project, including working capital (provided that Project Costs shall exclude any operation and maintenance expenses for any train of the Project that has achieved Substantial Completion).

 “Project Documents” means each Material Project Document and any other material agreement relating to Development. 

“Property” means any right or interest in or to property of any kind whatsoever, whether real, personal, mixed, movable, immovable, corporeal
or incorporeal and whether tangible or intangible. 
 “Prudent Industry Practice” means, at a particular time, any of the practices,
methods, standards and procedures (including those engaged in or approved by a material portion of the LNG industry) that, at that time, in the exercise of reasonable judgment in light of the facts known at the time a decision was made, would
reasonably have been expected to accomplish the desired result consistent with good business practices, including due consideration of the Project’s reliability, environmental compliance, economy, safety and expedition, and which practices,
methods, standards and acts generally conform to International LNG Terminal Standards and International LNG Vessel Standards. 
 “Qualified
Counterparty” means: 
 (a) as of the date of execution or assignment of any Interest Rate Protection Agreement, any of the
following: (i) any Person who is a Secured Debt Holder as of the date of the Common Terms Agreement or (ii) any Affiliate of any Person listed in the foregoing clause (a)(i) of this definition; and 

 (b) as of the date of execution or assignment of any Interest Rate Protection Agreement, any
of the following: (i) any Person who is a Secured Debt Holder after the date of the Common Terms Agreement or (ii) any Affiliate of any Person listed in the foregoing clause (b)(i) of this definition, in each case, with a credit rating (or
a guaranty from a Person with a credit rating) of at least A- from S&P or Fitch or at least A-3 from Moody’s (or, if any of such entities cease to provide such
ratings, the equivalent credit rating from any other Rating Agency). 
 “Qualified FOB Sale and Purchase Agreements” means an LNG sale and
purchase agreement entered into with an Investment Grade buyer for a Qualifying Term for delivery of LNG on an FOB basis. 
 “Quarterly Payment
Date” means the Initial Quarterly Payment Date and each March 31, June 30, September 30 and December 31 thereafter. 

“Rating Agency” means, individually and collectively, Moody’s, S&P and Fitch. 

“Real Property Documents ” means any material contract or agreement constituting or creating an estate or interest in any portion of the
Site, including, without limitation, the Lease Agreements and the Subleases. 
 “Related Parties” means, with respect to any Person, such
Person’s Affiliates and the shareholders, members, partners, directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 

“Release” means, with respect to any Hazardous Material, any release, spill, emission, leaking, pouring, emptying, escaping, dumping,
pumping, injection, deposit, disposal, discharge, dispersal, leaching or migration of such Hazardous Material into the environment, including the movement of such Hazardous Material through ambient air, soil, surface water, ground water, wetlands,
land or subsurface strata. 
 “Replacement Debt” means, collectively, Secured Replacement Debt and Unsecured Replacement Debt incurred by
the Borrower (including by way of Senior Bonds) pursuant to the Common Terms Agreement in order to partially or in whole (a) refinance by prepaying or redeeming then existing Senior Debt or (b) replace by cancelling then existing Senior
Debt Commitments. For the avoidance of doubt, the Senior Notes constitute Replacement Debt for purposes of the Financing Documents. 
 “Required
Secured Parties” has the meaning given to it in the Intercreditor Agreement. 
 “Restricted Payment” means, with respect to any
Person, (a) any dividend or other distribution (in cash, Property of such Person, securities, obligations, or other property) on, or other dividends or distributions on account of, its Capital Stock (other than dividends or distributions
payable solely to the Borrower or any of its Restricted Subsidiaries), (b) the setting apart of money for a sinking or other analogous fund for, or the purchase, redemption, retirement or other acquisition by such Person of any portion of any of the
Capital Stock of the Borrower or any direct or indirect parent of the Borrower, (c) all payments (in cash, Property of such Person, securities, obligations, or other property) of principal of, interest on and other amounts with respect to, or
other payments on account 

 
of, or the setting apart of money for a sinking or other analogous fund for, or the purchase, redemption, retirement or other acquisition by such Person of, any Indebtedness owed to the Pledgor
or any other Person party to a Pledge Agreement or any Affiliate thereof, and (d) the setting apart of money for a sinking or other analogous fund for, or the purchase, redemption, retirement or other acquisition by such Person of Subordinated
Indebtedness (other than from the Borrower or a Restricted Subsidiary of the Borrower). For the avoidance of doubt, payments to the Manager for fees and costs pursuant to the Management Services Agreement, and payments to the Operator pursuant to
the O&M Agreement paid in accordance with the Accounts Agreement and Permitted Payments to Sponsor (as defined in the Working Capital Facility Agreement) are not Restricted Payments. 

“Restricted Subsidiary” means any Subsidiary other than an Unrestricted Subsidiary; provided that, as of the Closing Date, each
Subsidiary as of such date is a Restricted Subsidiary. 
 “S&P” means Standard & Poor’s Ratings Group, a division
of McGraw-Hill, Inc. 
 “Sabine Pass Terminal” means the liquefied natural gas regasification facility owned and operated by SPLNG with
regasification and send -out capacity of approximately 4.3 Bcf/d, storage capacity of approximately 16.9 Bcfe and two (and up to three) marine berths. 

“Sabine Pass TUA” means the Second Amended and Restated LNG Terminal Use Agreement, dated as of July 31, 2012, between the Borrower and
SPLNG, as supplemented by that certain Letter Agreement, dated May 28, 2013. 
 “Second Amended and Restated Common Terms Agreement”
has the meaning set forth in the Recitals to the Common Terms Agreement. 
 “Secured Debt” means the Senior Debt (other than Indebtedness
under Interest Rate Protection Agreements) that is secured by a Security in the Collateral pursuant to the Security Documents. 
 “Secured Debt
Holder Group” means, at any time, the Holders of each tranche of Secured Debt. 
 “Secured Debt Holder Group Representative” means
(a) the Senior Facility Agent in respect of the Working Capital Facility Agreement, (b) the 4(a)(2) Indenture Trustee, (c) 144A Indenture Trustee and (d) in respect of any other Secured Debt Holder Group and its relevant Secured Debt
Instrument, the representative designated as such in Schedule 2.2(f) (Debt Commitments; Secured Hedge Obligations) to the Common Terms Agreement (as such Schedule 2.2(f) may be updated from time to time). 

“Secured Debt Holders” means, at any time, the Holders of the Secured Debt. 

 “Secured Debt Instrument” means, at any time, each instrument, including the Working
Capital Facility Agreement and the Indentures, governing Secured Debt and designated as such in Schedule 2.2(f) (Debt Commitments; Secured Hedge Obligations) to the Common Terms Agreement (as such Schedule 2.2(f) may be updated
from time to time). 
 “Secured Expansion Debt” means the Expansion Debt that is Secured Debt. 

“Secured Gas Hedge” means a Permitted Hedging Agreement described in clause (b) of the definition thereof that is secured by a Security
in the Collateral pursuant to the Security Documents. 
 “Secured Gas Hedge Instrument” means, at any time, each instrument governing
Secured Gas Hedge Obligations and designated as such in Schedule 2.2(f) (Debt Commitments; Secured Hedge Obligations) to the Common Terms Agreement (as such Schedule 2.2(f) may be updated from time to time).

 “Secured Gas Hedge Obligations” means the Indebtedness under any Permitted Hedging Agreement described in clause (b) of the
definition thereof that is secured by a Security in the Collateral pursuant to the Security Documents. 
 “Secured Gas Hedge
Representative” means the representative or representatives of the Gas Hedge Providers designated as such in Schedule 2.2(f) (Debt Commitments; Secured Hedge Obligations) to the Common Terms Agreement (as such
Schedule 2.2(f) may be updated from time to time). 
 “Secured Hedge Instrument” means, at any time, each
instrument governing Secured Hedge Obligations and designated as such in Schedule 2.2(f) (Debt Commitments; Secured Hedge Obligations) to the Common Terms Agreement (as such Schedule 2.2(f) may be
updated from time to time). 
 “Secured Hedge Obligations” means the Indebtedness under Interest Rate Protection Agreements that is
secured by a Security in the Collateral pursuant to the Security Documents. 
 “Secured Hedge Representative” means the representative or
representatives of the Holders of Secured Hedge Obligations designated as such in Schedule 2.2(f) (Debt Commitments; Secured Hedge Obligations) to the Common Terms Agreement (as such Schedule 2.2(f) may be updated
from time to time). 
 “Secured Parties” means the Secured Debt Holders, the Holders of Secured Hedge Obligations, the Gas Hedge Providers,
the Common Security Trustee, the Intercreditor Agent, the Accounts Bank, the Senior Facility Agent, the applicable Secured Debt Holder Group Representatives, Secured Hedge Representatives and Secured Gas Hedge Representatives, in each case, in whose
favor the Loan Parties have granted Security in the Collateral pursuant to the Security Documents. 

 “Secured Replacement Debt” means the Replacement Debt that is Secured Debt. 

“Secured Senior Notes” means the Senior Notes that are Secured Debt. 

“Security” means the security interest created in favor of the Common Security Trustee for the benefit of the Secured Parties pursuant to the
Security Documents. 
 “Security Agency Agreement” means the Second Amended and Restated Security Agency Agreement, dated as of
June 30, 2015, among the Borrower, the Secured Debt Holder Group Representatives, the Secured Hedge Representatives, the Secured Gas Hedge Representatives, the Common Security Trustee, the Accounts Bank and the Intercreditor Agent. 

“Security Agreement” means the Third Amended and Restated Security Agreement, dated as of March 19, 2020, between the Loan Parties and
the Common Security Trustee. 
 “Security Documents” means: 

(a) the Security Agreement; 
 (b)
the Accounts Agreement; 
 (c) each Pledge Agreement; 

(d) the Mortgages; 
 (e) the
Consents; 
 (f) the Control Agreements (as defined in the Working Capital Facility Agreement); and 

(g) any such other security agreement, control agreement, patent and trademark assignment, lease, mortgage, assignment and other similar
agreement securing the Obligations between any Person and the Common Security Trustee on behalf of the Secured Parties or between any Person and any other Secured Party and all financing statements, agreements or other instruments to be filed in
respect of the Liens created under each such agreement. 
 “Senior Bonds” means debt securities issued pursuant to an Indenture that is a
Senior Debt Instrument. 
 “Senior Debt” means: 

(a) the Senior Bonds; 

 (b) the Obligations (as defined in the Working Capital Facility Agreement) under the Working
Capital Facility Agreement; 
 (c) Additional Secured Debt; 

(d) the Unsecured Replacement Debt; 

(e) the Unsecured Expansion Debt; 

(f) the Unsecured Working Capital Debt; and 

(g) Indebtedness under Interest Rate Protection Agreements. 

“Senior Debt Commitments” means, at any time, the aggregate of any principal amount that Holders of Senior Debt are committed to disburse or
stated amount of letters of credit that Holders of Senior Debt are required to issue, in each case under any Senior Debt Instrument. 
 “Senior Debt
Instrument” means a Secured Debt Instrument or an Unsecured Debt Instrument. 
 “Senior Facility Agent” has the meaning given to
it in the Recitals of this Agreement. 
 “Senior Notes” means the notes issued under the Indentures. 

“Services ” means the liquefaction and other services to be provided or performed by the Borrower under the FOB Sale and Purchase Agreements.

 “Site” means, collectively, each parcel or tract of land, as reflected on Schedule A of the Title Policy and in the Real Property
Documents, upon which any portion of the Project is located. 
 “SPLNG” means Sabine Pass LNG, L.P., a Delaware limited partnership. 

“Sponsor” means Cheniere Energy Partners, L.P. 

“Stage 1 ConocoPhillips License Agreement” means the License Agreement, dated as of May 3, 2012, between the Borrower and ConocoPhillips
Company. 
 “Stage 2 ConocoPhillips License Agreement” means the License Agreement, dated as of December 21, 2012, between the
Borrower and ConocoPhillips Company. 
 “Stage 2 EPC Contract” means the Lump Sum Turnkey Agreement for the Engineering, Procurement and
Construction of the Sabine Pass LNG Stage 2 Liquefaction Facility, dated as of December 20, 2012, between the Borrower and the EPC Contractor (as supplemented by the Umbrella Insurance Agreement and any change order entered into in accordance
with the terms thereof). 

 “Stage 3 ConocoPhillips License Agreement” means the License Agreement, dated as of
May 20, 2015, between the Borrower and ConocoPhillips Company. 
 “Stage 3 EPC Contract” means the Lump Sum Turnkey Agreement for the
Engineering, Procurement and Construction of the Sabine Pass LNG Stage 3 Liquefaction Facility, dated as of May 4, 2015, between the Borrower and the EPC Contractor (as supplemented by the Umbrella Insurance Agreement and any change order
entered into in accordance with the terms thereof). 
 “Stage 4 ConocoPhillips License Agreement ” means the License Agreement, dated as of
November 8, 2018, between the Borrower and ConocoPhillips Company. 
 “Stage 4 EPC Contract” means the Lump Sum Turnkey Agreement for
the Engineering, Procurement and Construction of the Sabine Pass LNG Stage 4 Liquefaction Facility, dated as of November 7, 2018 between the Borrower and the EPC Contractor (as supplemented by the Umbrella Insurance Agreement and any change
order entered into in accordance with the terms thereof). 
 “Stage 4 Umbrella Insurance Agreement” means the Umbrella Agreement for the
Insurance Requirements for the Stage 4 EPC Contract to be entered into between the Borrower and the EPC Contractor on terms substantially similar to the Umbrella Insurance Agreement. 

“Subleases” means the (a) Sub-lease Agreement, dated June 11, 2012, between SPLNG, as
sublessor, and the Borrower, as sublessee, (b) the Second Sub-lease Agreement, dated as of June 25, 2015, between SPLNG, as sublessor, and the Borrower, as sublessee, and (c) the Amended and
Restated Lease Agreement, dated as of June 21, 2019 but effective as of November 1, 2011, between Crain Lands, L.L.C., a Louisiana limited liability company, as lessor, and the Borrower, as lessee. 

“Subordinated Indebtedness” means any unsecured Indebtedness of any Loan Party to any Person permitted by Section 6.01(f)
(Indebtedness) of the Working Capital Facility Agreement which is subordinated to the Obligations pursuant to an instrument in writing satisfactory in form and substance to the Required Secured Parties. 

“Subsidiary” means, for any Person, any corporation, partnership, joint venture, limited liability company or other entity of which at least
a majority of the securities or other ownership interests having by their terms ordinary voting power to elect a majority of the board of directors or other Persons performing similar functions of such corporation, partnership or other entity
(irrespective of whether or not at the time securities or other ownership interests of any other class or classes of such corporation, partnership or other entity shall have or might have voting power by reason of the happening of any contingency)
is at the time directly or indirectly owned or Controlled by such Person or one or more Subsidiaries of such Person or by such Person and one or more Subsidiaries of such Person. 

 “Substantial Completion ” has the meaning assigned to the term “Substantial
Completion” in the relevant EPC Contract, as the context requires. 
 “Swing Swap” means a contract which entitles the buyer of the
contract to pay a fixed price for natural gas and the seller to pay the gas daily average at a defined location for a defined period of time. The Swing Swap is settled financially, via exchange of cash payment each day as the gas daily average is
settled, rather than physically. 
 “Taxes” means, with respect to any Person, all taxes, assessments, imposts, duties, governmental
charges or levies imposed directly or indirectly on such Person or its income, profits or Property by any Government Authority, including any interest, additions to tax or penalties applicable thereto, and “Tax” shall have a
correlative meaning. 
 “Terminal Use Rights Assignment and Agreement” means the Terminal Use Rights Assignment and Agreement, dated as of
July 31, 2012, among the Borrower, SPLNG and Cheniere Energy Investments, LLC. 
 “Title Policy” means the title policy delivered on
May 31, 2015, in connection with one or more prior credit facilities of the Borrower. 
 “Total” means Total Gas & Power
North America, Inc. 
 “Total FOB Sale and Purchase Agreement” means the LNG Sale and Purchase Agreement (FOB), dated December 14,
2012, between the Borrower and Total. 
 “Total TUA Assignment Agreements” means, collectively, (i) the Partial Assignment Agreement,
dated September 11, 2012 and effective as of October 1, 2012, by and between the Borrower and Total Gas & Power North America, Inc., (ii) the Throughput Agreement, dated September 11, 2012 and effective as of October 1,
2012, by and between the Borrower and Total Gas & Power North America, Inc., (iii) the Master LNG Sale and Purchase Agreement, dated September 11, 2012 and effective as of October 1, 2012, by and between the Borrower and Total
Gas & Power North America, Inc., and (iv) the Base Contract for Sale and Purchase of Natural Gas, dated September 11, 2012 and effective as of October 1, 2012, by and between the Borrower and Total Gas & Power North
America. 
 “Train” means any liquefaction train associated with the Project. 

“Train 6” means the sixth liquefaction Train of the Project. 

“Train 6 Development ” means the development, acquisition, ownership, occupation, construction, equipping, testing, repair, operation,
maintenance and a use of the sixth liquefaction train of the Sabine Pass Terminal and the purchase and sale of natural gas and the sale of LNG, the export of LNG from the sixth liquefaction train of the Sabine Pass 

 Terminal (and, if elected, the import of LNG to the extent the Borrower has all necessary Government
Approvals therefor), the transportation of natural gas to the sixth liquefaction train of the Sabine Pass Terminal by third parties, and the sale of other Services in connection with Train 6 or other products or
by-products of the sixth liquefaction train of the Sabine Pass Terminal and all activities incidental thereto, in each case in accordance with the Transaction Documents. 

“Transaction Documents” means, collectively, the Financing Documents and the Project Documents. 

“Transco Pipeline Transportation Agreement” means the Rate Schedule FT Service Agreement, dated December 20, 2016, by and between
Transcontinental Gas Pipe Line Company, LLC and the Borrower pursuant to the Transco Precedent Agreement. 
 “Umbrella Insurance Agreement”
means the First Amended and Restated Umbrella Agreement for the Insurance Requirements for the Engineering, Procurement and Construction of the Sabine Pass Stage 1, Stage 2 and Stage 3 Liquefaction Facilities and the Stage 4 Umbrella Insurance
Agreement. 
 “Uniform Commercial Code” or “UCC” means the Uniform Commercial Code as in effect from time to time in the
State of New York; provided, however, in the event that, by reason of mandatory provisions of law, any or all of the perfection or priority of the security interest in any Collateral is governed by the Uniform Commercial Code as in
effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of provisions relating to such perfection or priority and for
purposes of definitions related to such provisions. 
 “United States” or “U.S.” means the United States of America. 

“Unrestricted Subsidiary” means any Subsidiary designated as an Unrestricted Subsidiary pursuant to Section 10.15 (Restricted and
Unrestricted Subsidiaries) of the Working Capital Facility Agreement subsequent to the Closing Date and any Subsidiary formed or acquired by an Unrestricted Subsidiary following such Unrestricted Subsidiary’s designation. 

“Unsecured Debt Instrument” means, at any time, each material instrument governing Senior Debt other than Secured Debt or Secured Hedge
Obligations. 
 “Unsecured Expansion Debt” means the Expansion Debt that is not Secured Debt. 

“Unsecured Replacement Debt” means the Replacement Debt that is not Secured Debt. 

“Unsecured Working Capital Debt” means the Working Capital Debt that is not Secured Debt. 

 “Vitol” means Vitol Inc. 

“Vitol FOB Sale and Purchase Agreement” means the LNG Sale and Purchase Agreement (FOB), dated September 14, 2018, between CMI
and Vitol, as amended and novated by CMI to the Borrower pursuant to the Vitol Novation and Amendment Agreement, dated May 22, 2019, between the Borrower, CMI, Vitol and Vitol Holding B.V. 

“Water Agreement” means the Water Service Agreement, dated as of December 21, 2011, between the City of Port Arthur and the Borrower, as
amended by that certain First Amendment to Water Service Agreement, dated as of June 12, 2012, that certain Second Amendment to Water Service Agreement, dated as of December 31, 2012 and that certain Third Amendment to Water Service
Agreement, dated as of June 30, 2015. 
 “Working Capital Debt” means senior secured or unsecured Indebtedness the proceeds of which
shall be used solely for working capital and general corporate purposes related to the Project (including the issuance of letters of credit). 

“Working Capital Facility Agreement” has the meaning set forth in the Recitals to this Agreement. 

 SCHEDULE 2.2(a) 

PART A 
 FORM OF SECURED
DEBT HOLDER GROUP REPRESENTATIVE 
 ACCESSION AGREEMENT - SECURED DEBT INSTRUMENT 

ACCESSION AGREEMENT 
 THIS ACCESSION
AGREEMENT (this “Agreement”), dated as of [                            ] to,
among other documents as provided herein, the Third Amended and Restated Common Terms Agreement (as may be further amended, restated or modified from time to time, the “Common Terms Agreement”), dated as of March 19, 2020,
among SABINE PASS LIQUEFACTION, LLC (the “Borrower”), the subsidiaries of the Borrower party thereto from time to time, each Secured Debt Holder Group Representative party thereto from time to time, each Secured
Hedge Representative party thereto from time to time, each Secured Gas Hedge Representative party thereto from time to time, the Common Security Trustee (as defined below), and the Intercreditor Agent (as defined below) and made among: 

 

	(1)	
[                      
      ], a [type of entity] organized under the laws of [jurisdiction], as a new Secured Debt Holder Group Representative (the “New Secured Debt Holder Group
Representative”); 

  

	(2)	
[                      
      ], as the common security trustee (the “Common Security Trustee”); 

  

	(3)	
[                      
      ], as the Intercreditor Agent (the “Intercreditor Agent”); and 

  

	(4)	 the Borrower; 

(each a “Party” and together the “Parties”). 

WHEREAS: 
  

	A.	 The Borrower proposes to incur Secured Debt permitted under the Common Terms Agreement (the “New
Secured Debt”); 

  

	B.	 The Borrower, the New Secured Debt Holder Group Representative, and the Secured Debt Holders listed therein
propose to enter into the Secured Debt Instrument listed in Appendix A, a copy of which is attached hereto as Appendix B (the “New Secured Debt Instrument”); and 

  
 2.2(a) - 1 

	C.	 In order for the New Secured Debt under the New Secured Debt Instrument to constitute Secured Debt benefiting
from the Common Terms Agreement, the New Secured Debt Holder Group Representative, acting on behalf of the Secured Debt Holders under such New Secured Debt Instrument (the “New Secured Debt Holders”), is required to accede to
the Common Terms Agreement, the Security Agency Agreement and the Intercreditor Agreement (the “Accession Documents”) on the terms and conditions of this Agreement. 

THIS AGREEMENT WITNESSES as follows: 
  

	1.	 Definitions, Interpretation and Third Party Rights. Except as otherwise expressly provided in
this Agreement, capitalized terms used in this Agreement shall have the meanings given to them in the Common Terms Agreement. To the extent such terms are defined by reference to any other Transaction Document, for purposes of this Agreement, such
terms shall continue to have the definitions given them on the Closing Date (but will be subject to and interpreted in accordance with the governing law of this Agreement) notwithstanding any termination, expiration or amendment of any such
Transaction Document, except to the extent the Parties agree to the contrary. In addition, the terms set out below shall have the respective meanings given to such terms below. 

 

	 	(a)	 “Effective Date” means the date on which: 

 

	 	(i)	 all conditions set out in Section 2.1 (Additional Secured Debt) of the Common Terms Agreement have
been satisfied or waived by the Required Secured Parties in respect of the proposed New Secured Debt; and 

  

	 	(ii)	 the Intercreditor Agent delivers a notice to the Parties confirming that it has received a copy of this
Agreement (or counterparts) executed by each Party, with Appendix A completed, together with fully executed copies of each New Secured Debt Instrument attached as Appendix B. 

 

	 	(b)	 Except as otherwise expressly provided in this Agreement, the rules of interpretation set out in
Section 1.2 (Interpretation) of the Common Terms Agreement shall apply to this Agreement. 

  

	 	(c)	 This Agreement is for the benefit of the Parties (and the other Secured Parties claiming through the Parties)
and their respective successors and permitted assigns, and nothing in this Agreement shall give any other Person any benefit or any legal or equitable right or remedy under this Agreement. 

  
 2.2(a) - 2 

	2.	 Representations and Warranties. The New Secured Debt Holder Group Representative hereby
represents and warrants that, as of the date of this Agreement, it is duly authorized to execute this Agreement and that it is duly authorized pursuant to the New Secured Debt Instrument to exercise all the rights and perform all the obligations of
a Secured Debt Holder Group Representative set out in the Accession Documents, including, without limitation, making, on behalf of the New Secured Debt Holders, the agreements expressed to be made by Secured Debt Holders under the Financing
Documents. 

  

	3.	 Accession of New Secured Debt Holder Group Representative. Effective as of the Effective Date:

  

	 	(a)	 the New Secured Debt Holder Group Representative, on behalf of the New Secured Debt Holders, accedes to and
agrees to be bound by the terms of each Accession Document as if the New Secured Debt Holder Group Representative had executed and delivered each Accession Document as of the date of each such document (respectively); 

 

	 	(b)	 the New Secured Debt Holder Group Representative, on behalf of the New Secured Debt Holders, makes each of the
undertakings and agreements of the Secured Debt Holders set out in each Accession Document to which the New Secured Debt Holder Group Representative will accede, and binds such New Secured Debt Holders to the undertakings and agreements set out in
each Accession Document to which the New Secured Debt Holder Group Representative will accede; 

  

	 	(c)	 the New Secured Debt Holder Group Representative, on behalf of the New Secured Debt Holders, accepts each of
the rights and benefits extended to Secured Debt Holders under, and agrees to be bound by the terms of, the Financing Documents applicable to such Secured Debt Holders, on the terms and subject to the conditions and limitations set out in such
Financing Documents; 

  

	 	(d)	 the New Secured Debt Holder Group Representative, on behalf of itself and the New Secured Debt Holders, hereby
(i) appoints [                    ] as the Common Security Trustee pursuant to Article 2 (Appointment of Common Security
Trustee and Power of Attorney) of the Security Agency Agreement, mutatis mutandis, and (ii) authorizes and directs the Common Security Trustee to execute, deliver and perform each Financing Document to which the Common
Security Trustee is a party; 

  
 2.2(a) - 3 

	 	(e)	 the Common Security Trustee hereby accepts the appointment and the agreement to act as an agent in the Security
Agency Agreement on behalf of the New Secured Debt Holder Representative and New Secured Debt Holders upon the terms and conditions thereof pursuant to Section 2.2 (Acceptance of Appointment and Power of Attorney) of the Security Agency
Agreement, mutatis mutandis; 

  

	 	(f)	 for all purposes of the Financing Documents, the New Secured Debt Holder Group Representative, on behalf of the
New Secured Debt Holders, shall be a Secured Debt Holder Group Representative, the New Secured Debt Instrument shall be a Secured Debt Instrument and the Indebtedness of the Borrower under such Secured Debt Instrument shall be Secured Debt;

  

	 	(g)	 without limiting the generality of the foregoing, (i) the New Secured Debt shall rank pari passu
with the existing Secured Debt and (ii) the rights of the New Secured Debt Holder Group Representative and New Secured Debt Holders shall be subject to the terms and conditions of the Common Terms Agreement, the Intercreditor Agreement and the
other Financing Documents applicable to such New Secured Debt Holder Group Representative and New Secured Debt Holders and each of the other provisions of such agreements shall apply to the New Secured Debt Holder Group Representative and New
Secured Debt Holders; and 

  

	 	(h)	 in the event of any conflict between any New Secured Debt Instrument and the Common Terms Agreement, the
Intercreditor Agreement and/or the Security Documents, the Common Terms Agreement, Intercreditor Agreement and/or Security Documents shall govern and prevail. 

 

	(4)	 Notices. For the purposes of Section 5.10 (Notices and Other Communication) of the
Common Terms Agreement, the address details for the New Secured Debt Holder Group Representative are: 

[                       
                 ] 

[                       
                 ] 
  

	(5)	 Miscellaneous. Each Party agrees that the provisions of Sections 5.1 (Amendments), 5.2
(Entire Agreement), 5.3 (Applicable Law; Jurisdiction) (other than 5.3(a) (Governing Law)), 5.7 (Counterparts; Effectiveness), 5.8 (No Waiver, Cumulative Remedies), 5.10 (Notices and Other
Communication) and 5.11 (Severability) of the Common Terms Agreement are incorporated in this Agreement as if such provisions were set out, mutatis mutandis, in this Agreement. 

  
 2.2(a) - 4 

	(6)	 Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK, UNITED STATES OF AMERICA, WITHOUT ANY REFERENCE TO THE CONFLICT OF LAWS PRINCIPLES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

 

	(7)	 [This Agreement supersedes the Accession Agreement, dated as of [_____, 20__], by and among [__________], as a
New Secured Debt Holder Group Representative, Société Générale, as Common Security Trustee, Société Générale as Intercreditor Agent, and the Borrower.] 

[Remainder of page left intentionally blank.] 

  
 2.2(a) - 5 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the date set forth above, to be effective for all purposes hereof as of the Effective Date. 
  

	
	
[                          
                                      ],

as New Secured Debt Holder Group Representative

	
	By:
	  

	Name:
	Title:
	
	
[                          
                                      ],

not in its individual capacity except as expressly set forth herein but solely as the Common Security Trustee

	
	By:
	  

	Name:
	Title:
	
	
[                          
                                      ],

not in its individual capacity except as expressly set forth herein but solely as the Intercreditor Agent

	
	By:
	  

	Name:
	Title:

  
 2.2(a) - 6 

 
	
	 SABINE PASS LIQUEFACTION, LLC,
 as the
Borrower

	
	By:
	
	  

	Name:
	Title:

  
 2.2(a) - 7 

 Appendix A to Accession Agreement 

 

							
	 Secured Debt
 Holder
Group
 Representative
	  	 Secured Debt
	  	 Secured Debt

Instrument
	  	 Secured Debt
Holders

		  	 As set out in the Secured Debt Instrument referred to in this Appendix A
	  		  	

  
 2.2(a) - 8 

 Appendix B to Accession Agreement 

[Attach each New Secured Debt Instrument] 

  
 2.2(a) - 9 

 PART B 

FORM OF SECURED HEDGE REPRESENTATIVE ACCESSION AGREEMENT - SECURED HEDGE INSTRUMENT 

ACCESSION AGREEMENT 
 THIS ACCESSION
AGREEMENT (this “Agreement”), dated as of [                    ] to, among other documents as provided herein, the Third
Amended and Restated Common Terms Agreement (as may be further amended, restated or modified from time to time, the “Common Terms Agreement”), dated as of March 19, 2020, among SABINE PASS LIQUEFACTION, LLC (the
“Borrower”), the subsidiaries of the Borrower party thereto from time to time, each Secured Debt Holder Group Representative party thereto from time to time, each Secured Hedge Representative party thereto from time to time,
each Secured Gas Hedge Representative party thereto from time to time, the Common Security Trustee (as defined below), and the Intercreditor Agent (as defined below) and made among: 

 

	(1)	
[                      
          ], a [type of entity] organized under the laws of [jurisdiction], as a new Secured Hedge Representative (the “New Secured Hedge
Representative”); 

  

	(2)	
[                      
          ], as the common security trustee (the “Common Security Trustee”); 

  

	(3)	
[                      
          ], as the Intercreditor Agent (the “Intercreditor Agent”); and 

  

	(4)	 the Borrower; 

(each a “Party” and together the “Parties”). 

WHEREAS: 
  

	A.	 The Borrower proposes to incur Secured Hedge Obligations in accordance with the terms and conditions of the
Common Terms Agreement (the “New Secured Hedge Obligations”); 

  

	B.	 The Borrower, the New Secured Hedge Representative and the Holders of New Secured Hedge Obligations listed
therein propose to enter into the Secured Hedge Instrument listed in Appendix A, a copy of which is attached hereto as Appendix B (the “New Secured Hedge Instrument”); and 

  
 2.2(a) - 10 

	C.	 In order for the New Secured Hedge Obligations under the New Secured Hedge Instrument to constitute Secured
Hedge Obligations benefiting from the Common Terms Agreement, the New Secured Hedge Representative, acting on behalf of the Holders of New Secured Hedge Obligations under such New Secured Hedge Instrument, is required to accede to the Common Terms
Agreement, the Security Agency Agreement and the Intercreditor Agreement (the “Accession Documents”) on the terms and conditions of this Agreement. 

THIS AGREEMENT WITNESSES as follows: 
  

	1.	 Definitions, Interpretation and Third Party Rights. Except as otherwise expressly provided in
this Agreement, capitalized terms used in this Agreement shall have the meanings given to them in the Common Terms Agreement. To the extent such terms are defined by reference to any other Transaction Document, for purposes of this Agreement, such
terms shall continue to have the definitions given them on the Closing Date (but will be subject to and interpreted in accordance with the governing law of this Agreement) notwithstanding any termination, expiration or amendment of any such
Transaction Document, except to the extent the Parties agree to the contrary. In addition, the terms set out below shall have the respective meanings given to such terms below. 

 

	 	(a)	 “Effective Date” means the date on which the Intercreditor Agent delivers a notice to the
Parties confirming that it has received a copy of this Agreement (or counterparts) executed by each Party, with Appendix A completed, together with fully executed copies of each New Secured Hedge Instrument attached as Appendix B.

  

	 	(b)	 Except as otherwise expressly provided in this Agreement, the rules of interpretation set out in
Section 1.2 (Interpretation) of the Common Terms Agreement shall apply to this Agreement. 

  

	 	(c)	 This Agreement is for the benefit of the Parties (and the other Secured Parties claiming through the Parties)
and their respective successors and permitted assigns, and nothing in this Agreement shall give any other Person any benefit or any legal or equitable right or remedy under this Agreement. 

 

	2.	 Representations and Warranties. The New Secured Hedge Representative hereby represents and
warrants that, as of the date of this Agreement, it is duly authorized to execute this Agreement and that it is duly authorized to exercise all the rights and perform all the obligations of a Secured Hedge Representative set out in the Accession
Documents, including without limitation, making, on behalf of the Holders of New Secured Hedge Obligations, the agreements expressed to be made by Holders of Secured Hedge Obligations under the Financing Documents. 

  
 2.2(a) - 11 

	3.	 Accession of New Secured Hedge Representative. Effective as of the Effective Date:

  

	 	(a)	 the New Secured Hedge Representative, on behalf of the Holders of New Secured Hedge Obligations, accedes to and
agrees to be bound by the terms of each Accession Document as if the New Secured Hedge Representative had executed and delivered each Accession Document as of the date of each such document (respectively); 

 

	 	(b)	 the New Secured Hedge Representative, on behalf of the Holders of the New Secured Hedge Obligations, makes each
of the undertakings and agreements of the Holders of the Secured Hedge Obligations set out in each Accession Document to which the New Secured Hedge Representative will accede, and binds such Holders of New Secured Hedge Obligations to the
undertakings and agreements set out in each Accession Document to which the New Secured Hedge Representative will accede; 

  

	 	(c)	 the New Secured Hedge Representative, on behalf of the Holders of New Secured Hedge Obligations, accepts each
of the rights and benefits extended to the Holders of Secured Hedge Obligations under, and agrees to be bound by the terms of, the Financing Documents applicable to such Holders of Secured Hedge Obligations, on the terms and subject to the
conditions and limitations set out in such Financing Documents; 

  

	 	(d)	 the New Secured Hedge Representative, on behalf of the Holders of New Secured Hedge Obligations, hereby
(i) appoints [                    ] as the Common Security Trustee pursuant to Article 2 (Appointment of Common Security
Trustee and Power of Attorney) of the Security Agency Agreement, mutatis mutandis, and (ii) authorizes and directs the Common Security Trustee to execute, deliver and perform each Financing Document to which the Common
Security Trustee is a party; 

  

	 	(e)	 the Common Security Trustee hereby accepts the appointment and the agreement to act as an agent in the Security
Agency Agreement on behalf of the New Secured Hedge Representative and Holders of New Secured Hedge Obligations upon the terms and conditions thereof pursuant to Section 2.2 (Acceptance of Appointment and Power of Attorney) of the
Security Agency Agreement, mutatis mutandis; 

  
 2.2(a) - 12 

	 	(f)	 for all purposes of the Financing Documents, the New Secured Hedge Representative, on behalf of the Holders of
New Secured Hedge Obligations, shall be a Secured Hedge Representative, the New Secured Hedge Instrument shall be a Secured Hedge Instrument and the Indebtedness of the Borrower under such Secured Hedge Instrument shall be Secured Hedge Obligations;

  

	 	(g)	 without limiting the generality of the foregoing, (i) the New Secured Hedge Obligations shall rank pari
passu with the existing Secured Hedge Obligations and (ii) the rights of the New Secured Hedge Representative and Holders of New Secured Hedge Obligations shall be subject to the terms and conditions of the Common Terms Agreement, the
Intercreditor Agreement and the other Financing Documents applicable to such New Secured Hedge Representative and Holders of New Secured Hedge Obligations, and each of the other provisions of such agreements shall apply to the New Secured Hedge
Representative and the Holders of New Secured Hedge Obligations; and 

  

	 	(h)	 in the event of any conflict between any New Secured Hedge Instrument and the Common Terms Agreement, the
Intercreditor Agreement and/or the Security Documents, the Common Terms Agreement, Intercreditor Agreement and/or Security Documents shall govern and prevail. 

 

	4.	 Notices. For the purposes of Section 5.10 (Notices and Other Communication) of the
Common Terms Agreement, the address details for the New Secured Hedge Representative are: 

[                       
                         ] 

[                       
                         ] 
  

	5.	 Limitations on Rights of Hedging Parties. The New Secured Hedge Representative (on behalf of the
applicable Holders of New Secured Hedge Obligations) specifically acknowledges the provisions of Section 3.6 (Voting by Secured Hedging Parties) and Articles 4 (Modifications), 5 (Defaults and Remedies) and 6 (Agreement
of Secured Hedging Parties) of the Intercreditor Agreement. 

  

	6.	 Miscellaneous. Each Party agrees that the provisions of Sections 5.1 (Amendments), 5.2
(Entire Agreement), 5.3 (Applicable Law; Jurisdiction) (other than 5.3(a) (Governing Law)), 5.7 (Counterparts; Effectiveness), 5.8 (No Waiver, Cumulative Remedies), 5.10 (Notices and Other
Communication) and 5.11 (Severability) of the Common Terms Agreement are incorporated in this Agreement as if such provisions were set out, mutatis mutandis, in this Agreement. 

  
 2.2(a) - 13 

	7.	 Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK, UNITED STATES OF AMERICA, WITHOUT ANY REFERENCE TO THE CONFLICT OF LAWS PRINCIPLES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

 

	8.	 [This Agreement supersedes the Accession Agreement, dated as of
[            , 20__], by and among [                ], as a New Secured Hedge Representative,
Société Générale, as Common Security Trustee, Société Générale as Intercreditor Agent, and the Borrower.] 

  
 2.2(a) - 14 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
date set forth above, to be effective for all purposes hereof as of the Effective Date. 
  

	
	
[                         
                                   ],

as New Secured Hedge Representative

	
	By:
	
	  

	Name:
	Title:
	
	
[                         
                                   ],

not in its individual capacity except as expressly set forth herein but solely as the Common Security Trustee

	
	By:
	
	  

	Name:
	Title:
	
	
[                         
                                   ],

not in its individual capacity except as expressly set forth herein but solely as the Intercreditor Agent

	
	By:
	
	  

	Name:
	Title:

  

  
 2.2(a) - 15 

 
	
	 SABINE PASS LIQUEFACTION, LLC,
 as the
Borrower

	
	By:
	
	  

	Name:
	Title:

  

  
 2.2(a) - 16 

 Appendix A to Accession Agreement 

 

							
	 Secured Hedge

Representative
	  	 Secured Hedge

Obligations
	  	 Secured Hedge

Instrument
	  	 Holder of Secured
Hedge
Obligation

		  	 As set out in the Secured Hedge Instrument referred to

in this Appendix A
	  		  	

  

  
 2.2(a) - 17 

 Appendix B to Accession Agreement 

[Attach each New Secured Hedge Instrument] 
  

  
 2.2(a) - 18 

 PART C 

FORM OF SECURED GAS HEDGE REPRESENTATIVE ACCESSION 

AGREEMENT - SECURED GAS HEDGE INSTRUMENT 

ACCESSION AGREEMENT 
 THIS ACCESSION
AGREEMENT (this “Agreement”), dated as of [                    ] to, among other documents as provided herein, the Third
Amended and Restated Common Terms Agreement (as may be further amended, restated or modified from time to time, the “Common Terms Agreement”), dated as of March 19, 2020, among SABINE PASS LIQUEFACTION, LLC (the
“Borrower”), the subsidiaries of the Borrower party thereto from time to time, each Secured Debt Holder Group Representative party thereto from time to time, each Secured Hedge Representative party thereto from time to time,
each Secured Gas Hedge Representative party thereto from time to time, the Common Security Trustee (as defined below), and the Intercreditor Agent (as defined below) and made among: 

 

	(1)	
[                      
                  ], a [type of entity] organized under the laws of [jurisdiction], as a new Secured Gas Hedge Representative (the
“New Secured Gas Hedge Representative”); 

  

	(2)	
[                      
                  ], as the common security trustee (the “Common Security Trustee”); 

 

	(3)	
[                      
                  ], as the Intercreditor Agent (the “Intercreditor Agent”); and 

 

	(4)	 the Borrower; 

(each a “Party” and together the “Parties”). 

WHEREAS: 
  

	A.	 The Borrower proposes to incur Secured Gas Hedge Obligations in accordance with the terms and conditions of the
Common Terms Agreement (the “New Secured Gas Hedge Obligations”); 

  

	B	 The Borrower, the New Secured Gas Hedge Representative and the Gas Hedge Providers listed therein (the
“New Gas Hedge Providers”) propose to enter into the Secured Gas Hedge Instrument listed in Appendix A, a copy of which is attached hereto as Appendix B (the “New Secured Gas Hedge Instrument”); and;

  
 2.2(a) - 19 

	C.	 In order for the New Secured Gas Hedge Obligations under the New Secured Gas Hedge Instrument to constitute
Secured Gas Hedge Obligations benefiting from the Common Terms Agreement, the New Secured Gas Hedge Representative, acting on behalf of the New Gas Hedge Providers under such New Secured Gas Hedge Instrument, is required to accede to the Common
Terms Agreement, the Security Agency Agreement and the Intercreditor Agreement (the “Accession Documents”) on the terms and conditions of this Agreement. 

THIS AGREEMENT WITNESSES as follows: 
  

	1.	 Definitions, Interpretation and Third Party Rights. Except as otherwise expressly provided in
this Agreement, capitalized terms used in this Agreement shall have the meanings given to them in the Common Terms Agreement. To the extent such terms are defined by reference to any other Transaction Document, for purposes of this Agreement, such
terms shall continue to have the definitions given them on the Closing Date (but will be subject to and interpreted in accordance with the governing law of this Agreement) notwithstanding any termination, expiration or amendment of any such
Transaction Document, except to the extent the Parties agree to the contrary. In addition, the terms set out below shall have the respective meanings given to such terms below. 

 

	 	(a)	 “Effective Date” means the date on which the Intercreditor Agent delivers a notice to the
Parties confirming that it has received a copy of this Agreement (or counterparts) executed by each Party, with Appendix A completed, together with fully executed copies of each New Secured Gas Hedge Instrument attached as Appendix B.

  

	 	(b)	 Except as otherwise expressly provided in this Agreement, the rules of interpretation set out in
Section 1.2 (Interpretation) of the Common Terms Agreement shall apply to this Agreement. 

  

	 	(c)	 This Agreement is for the benefit of the Parties (and the other Secured Parties claiming through the Parties)
and their respective successors and permitted assigns, and nothing in this Agreement shall give any other Person any benefit or any legal or equitable right or remedy under this Agreement. 

 

	2.	 Representations and Warranties. The New Secured Gas Hedge Representative hereby represents and
warrants that, as of the date of this Agreement, it is duly authorized to execute this Agreement and that it is duly authorized to exercise all the rights and perform all the obligations of a Secured Gas Hedge Representative set out in the Accession
Documents, including without limitation, making, on behalf of the New Gas Hedge Providers, the agreements expressed to be made by the New Gas Hedge Providers under the Financing Documents. 

  
 2.2(a) - 20 

	3.	 Accession of New Secured Gas Hedge Representative. Effective as of the Effective Date:

  

	 	(a)	 the New Secured Gas Hedge Representative, on behalf of the New Gas Hedge Providers, accedes to and agrees to be
bound by the terms of each Accession Document as if the New Secured Gas Hedge Representative had executed and delivered each Accession Document as of the date of each such document (respectively); 

 

	 	(b)	 the New Secured Gas Hedge Representative, on behalf of the New Gas Hedge Providers, makes each of the
undertakings and agreements of the Gas Hedge Providers set out in each Accession Document to which the New Secured Gas Hedge Representative will accede, and binds such New Gas Hedge Providers to the undertakings and agreements set out in each
Accession Document to which the New Secured Gas Hedge Representative will accede; 

  

	 	(c)	 the New Secured Gas Hedge Representative, on behalf of the New Gas Hedge Providers, accepts each of the rights
and benefits extended to the Gas Hedge Providers under, and agrees to be bound by the terms of, the Financing Documents applicable to such Gas Hedge Providers, on the terms and subject to the conditions and limitations set out in such Financing
Documents; 

  

	 	(d)	 the New Secured Gas Hedge Representative, on behalf of the New Gas Hedge Providers, hereby (i) appoints
[___________] as the Common Security Trustee pursuant to Article 2 (Appointment of Common Security Trustee and Power of Attorney) of the Security Agency Agreement, mutatis mutandis, and 

 

	 	(ii)	 authorizes and directs the Common Security Trustee to execute, deliver and perform each Financing Document to
which the Common Security Trustee is a party; 

  

	 	(e)	 the Common Security Trustee hereby accepts the appointment and the agreement to act as an agent in the Security
Agency Agreement on behalf of the New Secured Gas Hedge Representative and New Gas Hedge Providers upon the terms and conditions thereof pursuant to Section 2.2 (Acceptance of Appointment and Power of Attorney) of the Security
Agency Agreement, mutatis mutandis; 

  
 2.2(a) - 21 

	 	(f)	 for all purposes of the Financing Documents, the New Secured Gas Hedge Representative, on behalf of the New Gas
Hedge Providers, shall be a Secured Gas Hedge Representative, the New Secured Gas Hedge Instrument shall be a Secured Gas Hedge Instrument and the Indebtedness of the Borrower under such Secured Gas Hedge Instrument shall be Secured Gas Hedge
Obligations; 

  

	 	(g)	 without limiting the generality of the foregoing, (i) the New Secured Gas Hedge Obligations shall rank
pari passu with the existing Secured Gas Hedge Obligations and (ii) the rights of the New Secured Gas Hedge Representative and New Gas Hedge Providers shall be subject to the terms and conditions of the Common Terms Agreement, the
Intercreditor Agreement and the other Financing Documents applicable to such New Secured Gas Hedge Representative and New Gas Hedge Providers, and each of the other provisions of such agreements shall apply to the New Secured Gas Hedge
Representative and the New Gas Hedge Providers; and 

  

	 	(h)	 in the event of any conflict between any New Secured Gas Hedge Instrument and the Common Terms Agreement, the
Intercreditor Agreement and/or the Security Documents, the Common Terms Agreement, Intercreditor Agreement and/or Security Documents shall govern and prevail. 

 

	4.	 Notices. For the purposes of Section 5.10 (Notices and Other Communication) of the
Common Terms Agreement, the address details for the New Secured Gas Hedge Representative are: 

 [_____________________]

 [_____________________] 
  

	5.	 Limitations on Rights of Hedging Parties. The New Secured Gas Hedge Representative (on behalf of
the applicable New Gas Hedge Providers) specifically acknowledges the provisions Section 3.6 (Voting by Secured Hedging Parties) and Articles 4 (Modifications), 5 (Defaults and Remedies) and 6 (Agreement of Secured
Hedging Parties) of the Intercreditor Agreement. 

  

	6.	 Miscellaneous. Each Party agrees that the provisions of Sections 5.1 (Amendments), 5.2
(Entire Agreement), 5.3 (Applicable Law; Jurisdiction) (other than 5.3(a) (Governing Law)), 5.7 (Counterparts; Effectiveness), 5.8 (No Waiver, Cumulative Remedies), 5.10 (Notices and Other
Communication) and 5.11 (Severability) of the Common Terms Agreement are incorporated in this Agreement as if such provisions were set out, mutatis mutandis, in this Agreement. 

 

	7.	 Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK, UNITED STATES OF AMERICA, WITHOUT ANY REFERENCE TO THE CONFLICT OF LAWS PRINCIPLES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

  
 2.2(a) - 22 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
date set forth above, to be effective for all purposes hereof as of the Effective Date. 
  

	
	[ ___________________________ ], as New Secured Gas Hedge Representative
	
	By:
	  

	Name:
	Title:
	
	[ ___________________________ ], not in its individual capacity except as expressly set forth herein but solely as the
	Common Security Trustee
	
	By:
	  

	Name:
	Title:
	
	[ ___________________________ ], not in its individual capacity except as expressly set forth herein but solely as the
	Intercreditor Agent
	
	By:
	  

	Name:
	Title:

  
 2.2(a) - 23 

 
	
	SABINE PASS LIQUEFACTION, LLC, as the Borrower
	
	By:
	  

	Name:
	Title:

  
 2.2(a) - 24 

 Appendix A to Accession Agreement 

 

							
	 Secured Gas
 Hedge

Representative
	  	 Secured Gas Hedge

Obligations
	  	 Secured Gas

Hedge

Instrument
	  	 Gas
Hedge
Provider

		  	As set out in the Secured Gas Hedge Instrument referred to in this Appendix A	  		  	

  
 2.2(a) - 25 

 Appendix B to Accession Agreement 

[Attach each New Secured Gas Hedge Instrument] 

  
 2.2(a) - 26 

 SCHEDULE 2.2(f) 

DEBT COMMITMENTS; SECURED HEDGE OBLIGATIONS 
  

											
	 *Secured Debt
 Instrument
/
 **Secured Hedge
 Instrument/

***Secured Gas

Hedge Instrument
	 	 Details of Secured

Debt / Secured

Hedge
 Obligations/

Secured Gas
 Hedge
Obligations
	 	 Secured Debt

Holder Group
	 	 *Secured Debt Holder

Group Representative
 /
**Secured Hedge
 Representative /

***Secured Gas
 Hedge
Representative
	 	 Secured Debt

Holders / Holders
 of
Secured Hedge
 Obligations / Gas

Hedge Providers
	 	Senior Debt
Commitment
	* Senior Letter of Credit and Reimbursement Agreement dated as of March 19, 2020, among the Borrower, certain Subsidiaries of the Borrower, the Senior Facility Agent, the Senior Issuing Bank, the Common Security Trustee
and the Senior Lenders	 	As set out in the Secured Debt Instrument described in this row of this Schedule 2.2(f)	 	The group comprised of the Secured Debt Holders described in this row of this Schedule 2.2(f)	 	*The Bank of Nova Scotia	 	 ABN AMRO
 Capital USA LLC,

 
 Banco Bilbao

Vizcaya Argentaria,
 S.A. New York

Branch,
  

Banco de Sabadell,
 S.A., Miami Branch,

 
 Banco Santander,

S.A., New York
 Branch,

 
 Bank of China, New

York Branch,
  

The Bank of Nova
 Scotia, Houston

Branch,
  

Canadian Imperial
 Bank of Commerce,

New York Branch,
  

Citibank, N.A.,
	 	$1,200,000,000

  
 2.2(f) - 1 

											
	 *Secured Debt
 Instrument
/
 **Secured Hedge
 Instrument/

***Secured Gas

Hedge Instrument
	 	 Details of Secured

Debt / Secured

Hedge
 Obligations/

Secured Gas
 Hedge
Obligations
	 	 Secured Debt

Holder Group
	 	 *Secured Debt Holder

Group Representative
 /
**Secured Hedge
 Representative /

***Secured Gas
 Hedge
Representative
	 	 Secured Debt

Holders / Holders
 of
Secured Hedge
 Obligations / Gas

Hedge Providers
	 	Senior Debt
Commitment
		 		 		 		 	 HSBC Bank USA,
 National

Association,
  

Industrial and
 Commercial Bank of

China Limited, New
 York Branch,

 
 ING Capital LLC,

 
 Intesa Sanpaolo

S.p.A., New York
 Branch,

 
 Mizuho Bank,

LTD.,
  

MUFG Bank, LTD.,
  

National Australia
 Bank Limited,

 
 Natixis, New York

Branch,
  

Société Générale,
  

Standard Chartered
 Bank,

 
 Sumitomo Mitsui

Banking
 Corporation,
	 	

  
 2.2(f) - 2 

											
	 *Secured Debt
 Instrument
/
 **Secured Hedge
 Instrument/

***Secured Gas

Hedge Instrument
	 	 Details of Secured

Debt / Secured

Hedge
 Obligations/

Secured Gas
 Hedge
Obligations
	 	 Secured Debt

Holder Group
	 	 *Secured Debt Holder

Group Representative
 /
**Secured Hedge
 Representative /

***Secured Gas
 Hedge
Representative
	 	 Secured Debt

Holders / Holders
 of
Secured Hedge
 Obligations / Gas

Hedge Providers
	 	Senior Debt
Commitment
		 		 		 		 	Wells Fargo Bank, National Association.	 	
						
	*Indenture, dated as of February 1, 2013, among The Bank of New York Mellon, as Trustee, each Guarantor that may become party thereto from time to time, and the Borrower, as amended by First Supplemental Indenture, dated as of
April 16, 2013, and as further amended by Second Supplemental Indenture, dated as of April 16, 2013, Third Supplemental Indenture, dated as of November 25, 2013, Fourth Supplemental Indenture, dated as of May 20, 2014, Fifth
Supplemental Indenture, dated as of	 	As set out in the Secured Debt Instrument described in this row of this Schedule 2.2(f)	 	The group comprised of the Secured Debt Holders described in this row of this Schedule 2.2(f)	 	*The Bank of New York Mellon	 	 The Holders of the Initial Notes (and any Exchange Notes in replacement thereof) issued pursuant to and as defined in the Secured Debt
Instrument described in
 this row of Schedule 2.2(f)
	 	$12,850,000,000.00

  
 2.2(f) - 3 

											
	 *Secured Debt
 Instrument
/
 **Secured Hedge
 Instrument/

***Secured Gas

Hedge Instrument
	 	 Details of Secured

Debt / Secured

Hedge
 Obligations/

Secured Gas
 Hedge
Obligations
	 	 Secured Debt

Holder Group
	 	 *Secured Debt Holder

Group Representative
 /
**Secured Hedge
 Representative /

***Secured Gas
 Hedge
Representative
	 	 Secured Debt

Holders / Holders
 of
Secured Hedge
 Obligations / Gas

Hedge Providers
	 	Senior Debt
Commitment
	May 20, 2014, Sixth Supplemental Indenture, dated as of March 3, 2015, Seventh Supplemental Indenture, dated as of June 14, 2016, Eighth Supplemental Indenture, dated as of September 19, 2016, Ninth Supplemental
Indenture, dated as of September 23, 2016 and Tenth Supplemental Indenture, dated as of March 6, 2017	 		 		 		 		 	
						
	*Indenture, dated as of February 24, 2017, among The Bank of New York Mellon, as Trustee, each Guarantor that may become party thereto from time to time, and the Borrower	 	As set out in the Secured Debt Instrument described in this row of this Schedule 2.2(f)	 	The group comprised of the Secured Debt Holders described in this row of this Schedule 2.2(f)	 	*The Bank of New York Mellon	 	The Holders of the Initial Notes (and any Exchange Notes in replacement thereof) issued pursuant to and as defined in the Secured Debt Instrument described in this row of Schedule 2.2(f)	 	$800,000,000.00

  
 2.2(f) - 4 

 SCHEDULE 2.3 

FORM OF TRANSFER ACCESSION AGREEMENT 

(SECURED DEBT HOLDER GROUP REPRESENTATIVE) 

THIS TRANSFER ACCESSION AGREEMENT (this “Agreement”), dated as of [__________] to, among other documents as provided
herein, the Third Amended and Restated Common Terms Agreement (the “Common Terms Agreement”), dated as of March 19, 2020, among SABINE PASS LIQUEFACTION, LLC (the “Borrower”), the subsidiaries of the
Borrower party thereto from time to time, each Secured Debt Holder Group Representative party thereto from time to time, each Secured Hedge Representative party thereto from time to time, each Secured Gas Hedge Representative party thereto from time
to time, the Common Security Trustee (as defined below), and the Intercreditor Agent (as defined below) and made among: 
  

	(1)	 [_________], a [type of entity] organized under the laws of [jurisdiction], as a Secured Debt
Holder Group Representative (the “Existing Secured Debt Holder Group Representative”); 

  

	(2)	 [_________], a [type of entity] organized under the laws of [jurisdiction], as a new Secured Debt
Holder Group Representative (the “New Secured Debt Holder Group Representative”); 

  

	(3)	 [_________], as the common security trustee (the “Common Security Trustee”);

  

	(4)	 [_________], as the Intercreditor Agent (the “Intercreditor Agent”); and

  

	(5)	 the Borrower 

(each a “Party” and together the “Parties”). 

WHEREAS: 
  

	(A)	 The Existing Secured Debt Holder Group Representative [proposes to resign] [is being removed] from its capacity
as a Secured Debt Holder Group Representative under the [________] (the “Existing Secured Debt Instrument”); and 

  

	(B)	 The New Secured Debt Holder Group Representative desires to accede to the Common Terms Agreement, the Security
Agency Agreement, the Intercreditor Agreement and the Existing Secured Debt Instrument (the “Accession Documents”) as the successor to the Existing Secured Debt Holder Group Representative. 

THIS AGREEMENT WITNESSES as follows: 

  
 2.3 - 1 

	1.	 DEFINITIONS 

Except as otherwise expressly provided in this Agreement, capitalized terms used in this Agreement shall have the meanings
given to them in the Common Terms Agreement. To the extent such terms are defined by reference to any other Transaction Document, for purposes of this Agreement, such terms shall continue to have the definitions given to them on the Closing Date
(but will be subject to and interpreted in accordance with the governing law of this Agreement) notwithstanding any termination, expiration or amendment of any such Transaction Document, except to the extent the Parties agree to the contrary. In
addition, the terms set out below shall have the respective meanings given to such terms below. 
 “Effective Date” means
the date on which the Intercreditor Agent delivers a notice to the Parties confirming that it has received a copy of this Agreement (or counterparts) executed by each Party hereto. 

 

	2.	 ACCESSION OF NEW SECURED DEBT HOLDER GROUP REPRESENTATIVE. Effective as of the Effective Date:

  

	 	(i)	 the New Secured Debt Holder Group Representative joins as a party to the Accession Documents on the terms and
subject to the conditions and limitations set forth therein, and agrees to be bound by the terms of the Accession Documents; 

  

	 	(j)	 the New Secured Debt Holder Group Representative accepts and acknowledges its rights, powers, duties,
responsibilities and obligations as a Secured Debt Holder Group Representative as if originally named as a Secured Debt Holder Group Representative in the Accession Documents; 

 

	 	(k)	 the New Secured Debt Holder Group Representative accepts, acknowledges and agrees to be bound by the terms of
the Existing Secured Debt Holder Group Representative’s Accession Agreement as if it were the “New Secured Debt Holder Group Representative” named therein; and 

 

	 	(l)	 the Existing Secured Debt Holder Group Representative shall have no further obligation or liability under the
Accession Documents (in its capacity as Secured Debt Holder Group Representative) except for liability with respect to its acts or omissions prior to the New Secured Debt Holder Group Representative’s accession to the Accession Documents in
accordance with the terms hereof and thereof. 

  

	3.	 ADDRESS FOR NOTICES. For the purposes of Section 5.10 (Notices and Other
Communications) of the Common Terms Agreement the address details for the New Secured Debt Holder Group Representative, are: 

  
 2.3 - 2 

 [_____________________] 

[_____________________] 
  

	4.	 MISCELLANEOUS. Each Party agrees that the provisions of Sections 5.1 (Amendments), 5.2
(Entire Agreement), 5.3 (Applicable Law; Jurisdiction) (other than 5.3(a) (Governing Law)), 5.7 (Counterparts; Effectiveness), 5.8 (No Waiver, Cumulative Remedies), 5.10 (Notices and Other
Communication) and 5.11 (Severability) of the Common Terms Agreement are incorporated in this Agreement as if such provisions were set out, mutatis mutandis, in this Agreement. 

 

	5.	 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK, UNITED STATES OF AMERICA, WITHOUT ANY REFERENCE TO THE CONFLICT OF LAWS PRINCIPLES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

  
 2.3 - 3 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed as of
the date set forth above, to be effective for all purposes hereof as of the Effective Date. 
  

	
	SABINE PASS LIQUEFACTION, LLC, as the Borrower
	
	By:                                     
                                         
                  
	Name:
	Title:
	
	[__________________], as Existing Secured Debt
	Holder Group Representative
	
	By:                                     
                                         
                  
	Name:
	Title:
	
	[__________________], as New Secured Debt Holder
	Group Representative
	
	By:                                     
                                         
                  
	Name:
	Title:
	
	[__________________], as Common Security Trustee
	
	By:                                     
                                         
                  
	Name:
	Title:
	
	[__________________], as Intercreditor Agent
	
	By:                                     
                                         
                  
	Name:
	Title:

  
 2.3 - 4 

 FORM OF TRANSFER ACCESSION AGREEMENT 

(SECURED HEDGE REPRESENTATIVE) 

THIS TRANSFER ACCESSION AGREEMENT (this “Agreement”), dated as of [__________] to, among other documents as provided
herein, the Third Amended and Restated Common Terms Agreement (the “Common Terms Agreement”), dated as of March 19, 2020, among SABINE PASS LIQUEFACTION, LLC (the “Borrower”), the subsidiaries of the
Borrower party thereto from time to time, each Secured Debt Holder Group Representative party thereto from time to time, each Secured Hedge Representative party thereto from time to time, each Secured Gas Hedge Representative party thereto from time
to time, the Common Security Trustee (as defined below), and the Intercreditor Agent (as defined below) and made among: 
  

	(1)	 [_________], a [type of entity] organized under the laws of [jurisdiction], as a Secured Hedge
Representative (the “Existing Secured Hedge Representative”); 

  

	(2)	 [_________], a [type of entity] organized under the laws of [jurisdiction], as a new Secured
Hedge Representative (the “New Secured Hedge Representative”); 

  

	(3)	 [_________], as the common security trustee (the “Common Security Trustee”);

  

	(4)	 [_________], as the Intercreditor Agent (the “Intercreditor Agent”); and

  

	(5)	 the Borrower 

(each a “Party” and together the “Parties”). 

WHEREAS: 
  

	(A)	 The Existing Secured Hedge Representative [proposes to resign] [is being removed] from its capacity as a
Secured Hedge Representative under the [________] (the “Existing Secured Hedge Instrument”); and 

  

	(B)	 The New Secured Hedge Representative desires to accede to the Common Terms Agreement, the Security Agency
Agreement, the Intercreditor Agreement and the Existing Secured Hedge Instrument (the “Accession Documents”) as the successor to the Existing Secured Hedge Representative. 

  
 2.3 - 5 

 THIS AGREEMENT WITNESSES as follows: 

 

	1.	 DEFINITIONS. 

Except as otherwise expressly provided in this Agreement, capitalized terms used in this Agreement shall have the meanings
given to them in the Common Terms Agreement. To the extent such terms are defined by reference to any other Transaction Document, for purposes of this Agreement, such terms shall continue to have the definitions given to them on the Closing Date
(but will be subject to and interpreted in accordance with the governing law of this Agreement) notwithstanding any termination, expiration or amendment of any such Transaction Document, except to the extent the Parties agree to the contrary. In
addition, the terms set out below shall have the respective meanings given to such terms below. 
 “Effective Date” means
the date on which the Intercreditor Agent delivers a notice to the Parties confirming that it has received a copy of this Agreement (or counterparts) executed by each Party hereto. 

 

	2.	 ACCESSION OF NEW SECURED HEDGE REPRESENTATIVE. Effective as of the Effective Date:

 (a) the New Secured Hedge Representative joins as a party to the Accession Documents on the terms and subject to the
conditions and limitations set forth therein, and agrees to be bound by the terms of the Accession Documents; 
 (b) the New Secured Hedge
Representative accepts and acknowledges its rights, powers, duties, responsibilities and obligations as a Secured Hedge Representative as if originally named as a Secured Hedge Representative in the Accession Documents; 

(c) the New Secured Hedge Representative accepts, acknowledges and agrees to be bound by the terms of the Existing Secured Hedge
Representative’s Accession Agreement as if it were the “New Secured Hedge Representative” named therein; and 
 (d) the
Existing Secured Hedge Representative shall have no further obligation or liability under the Accession Documents (in its capacity as Secured Hedge Representative) except for liability with respect to its acts or omissions prior to the New Secured
Hedge Representative’s accession to the Accession Documents in accordance with the terms hereof and thereof. 
  

	3.	 ADDRESS FOR NOTICES. For the purposes of Section 5.10 (Notices and Other
Communications) of the Common Terms Agreement the address details for the New Secured Hedge Representative, are: 

[_____________________] 

[_____________________] 

  
 2.3 - 6 

	4.	 MISCELLANEOUS. Each Party agrees that the provisions of Sections 5.1 (Amendments), 5.2
(Entire Agreement), 5.3 (Applicable Law; Jurisdiction) (other than 5.3(a) (Governing Law)), 5.7 (Counterparts; Effectiveness), 5.8 (No Waiver, Cumulative Remedies), 5.10 (Notices and Other
Communication) and 5.11 (Severability) of the Common Terms Agreement are incorporated in this Agreement as if such provisions were set out, mutatis mutandis, in this Agreement. 

 

	5.	 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK, UNITED STATES OF AMERICA, WITHOUT ANY REFERENCE TO THE CONFLICT OF LAWS PRINCIPLES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

  
 2.3 - 7 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed as of
the date set forth above, to be effective for all purposes hereof as of the Effective Date. 
  

	
	SABINE PASS LIQUEFACTION, LLC,
	as the Borrower
	
	By:                                     
                                         
                  
	Name:
	Title:
	
	[__________________], as Existing Secured Hedge
	Representative
	
	By:                                     
                                         
                  
	Name:
	Title:
	
	[__________________], as New Secured Hedge
	Representative
	
	By:                                     
                                         
                  
	Name:
	Title:
	
	[__________________], as Common Security Trustee
	
	By:                                     
                                         
                  
	Name:
	Title:
	
	[__________________], as Intercreditor Agent
	
	By:                                     
                                         
                  
	Name:
	Title:

  
 2.3 - 8 

 FORM OF TRANSFER ACCESSION AGREEMENT 

(SECURED GAS HEDGE REPRESENTATIVE) 

THIS TRANSFER ACCESSION AGREEMENT (this “Agreement”), dated as of [__________] to, among other documents as provided
herein, the Third Amended and Restated Common Terms Agreement (the “Common Terms Agreement”), dated as of March 19, 2020, among SABINE PASS LIQUEFACTION, LLC (the “Borrower”), the subsidiaries of the
Borrower party thereto from time to time, each Secured Debt Holder Group Representative party thereto from time to time, each Secured Hedge Representative party thereto from time to time, each Secured Gas Hedge Representative party thereto from time
to time, the Common Security Trustee (as defined below), and the Intercreditor Agent (as defined below) and made among: 
  

	(1)	 [_________], a [type of entity] organized under the laws of [jurisdiction], as a Secured Gas
Hedge Representative (the “Existing Secured Gas Hedge Representative”); 

  

	(2)	 [_________], a [type of entity] organized under the laws of [jurisdiction], as a new Secured Gas
Hedge Representative (the “New Secured Gas Hedge Representative”); 

  

	(3)	 [_________], as the common security trustee (the “Common Security Trustee”);

  

	(4)	 [_________], as the Intercreditor Agent (the “Intercreditor Agent”); and

  

	(5)	 the Borrower 

(each a “Party” and together the “Parties”). 

WHEREAS: 
  

	(A)	 The Existing Secured Gas Hedge Representative [proposes to resign] [is being removed] from its capacity as a
Secured Gas Hedge Representative under the [________] (the “Existing Secured Gas Hedge Instrument”); and 

  

	(B)	 The New Secured Gas Hedge Representative desires to accede to the Common Terms Agreement, the Security Agency
Agreement, the Intercreditor Agreement and the Existing Secured Gas Hedge Instrument (the “Accession Documents”) as the successor to the Existing Secured Gas Hedge Representative. 

  
 2.3 - 9 

 THIS AGREEMENT WITNESSES as follows: 

 

	1.	 DEFINITIONS. 

Except as otherwise expressly provided in this Agreement, capitalized terms used in this Agreement shall have the meanings
given to them in the Common Terms Agreement. To the extent such terms are defined by reference to any other Transaction Document, for purposes of this Agreement, such terms shall continue to have the definitions given to them on the Closing Date
(but will be subject to and interpreted in accordance with the governing law of this Agreement) notwithstanding any termination, expiration or amendment of any such Transaction Document, except to the extent the Parties agree to the contrary. In
addition, the terms set out below shall have the respective meanings given to such terms below. 
 “Effective Date” means
the date on which the Intercreditor Agent delivers a notice to the Parties confirming that it has received a copy of this Agreement (or counterparts) executed by each Party hereto. 

 

	2.	 ACCESSION OF NEW SECURED GAS HEDGE REPRESENTATIVE. Effective as of the Effective Date:

  

	 	(a)	 the New Secured Gas Hedge Representative joins as a party to the Accession Documents on the terms and subject
to the conditions and limitations set forth therein, and agrees to be bound by the terms of the Accession Documents; 

  

	 	(b)	 the New Secured Gas Hedge Representative accepts and acknowledges its rights, powers, duties, responsibilities
and obligations as a Secured Gas Hedge Representative as if originally named as a Secured Gas Hedge Representative in the Accession Documents; 

  

	 	(c)	 the New Secured Gas Hedge Representative accepts, acknowledges and agrees to be bound by the terms of the
Existing Secured Gas Hedge Representative’s Accession Agreement as if it were the “New Secured Gas Hedge Representative” named therein; and 

  

	 	(d)	 the Existing Secured Gas Hedge Representative shall have no further obligation or liability under the Accession
Documents (in its capacity as Secured Gas Hedge Representative) except for liability with respect to its acts or omissions prior to the New Secured Gas Hedge Representative’s accession to the Accession Documents in accordance with the terms
hereof and thereof. 

  
 2.3 - 10 

	3.	 ADDRESS FOR NOTICES. For the purposes of Section 5.10 (Notices and Other
Communications) of the Common Terms Agreement the address details for the New Secured Gas Hedge Representative, are: 

[_____________________] 

[_____________________] 
  

	4.	 MISCELLANEOUS. Each Party agrees that the provisions of Sections 5.1 (Amendments), 5.2
(Entire Agreement), 5.3 (Applicable Law; Jurisdiction) (other than 5.3(a) (Governing Law)), 5.7 (Counterparts; Effectiveness), 5.8 (No Waiver, Cumulative Remedies), 5.10 (Notices and Other
Communication) and 5.11 (Severability) of the Common Terms Agreement are incorporated in this Agreement as if such provisions were set out, mutatis mutandis, in this Agreement. 

 

	5.	 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK, UNITED STATES OF AMERICA, WITHOUT ANY REFERENCE TO THE CONFLICT OF LAWS PRINCIPLES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

  
 2.3 - 11 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed as of
the date set forth above, to be effective for all purposes hereof as of the Effective Date. 
  

	
	SABINE PASS LIQUEFACTION, LLC,
	as the Borrower
	
	By:                                     
                                         
                  
	Name:
	Title:
	
	[__________________], as Existing Secured Gas
	Hedge Representative
	
	By:                                     
                                         
                  
	Name:
	Title:
	
	[__________________], as New Secured Gas Hedge
	Representative
	
	By:                                     
                                         
                  
	Name:
	Title:
	
	[__________________], as Common Security Trustee
	
	By:                                     
                                         
                  
	Name:
	Title:
	
	[__________________], as Intercreditor Agent
	
	By:                                     
                                         
                  
	Name:
	Title:

  
 2.3 - 12 

 SCHEDULE 4.6(a) 

Government Approvals 
  

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

	Order Granting Long-Term Authorization to Export Liquefied Natural Gas From Sabine Pass LNG Terminal To Free Trade Nations DOE/FE Order No. 2833	 	U.S. Department of Energy Office of Fossil Energy (“DOE/FE”)	 	Borrower	 	September 7, 2010	 	DOE/FE rehearing period for Order No. 2833 expired October 7, 2010, under 10 CFR 590.501	 	Final and no longer subject to rehearing before DOE/FE
						
	Opinion and Order Conditionally Granting Long-Term Authorization to Export Liquefied Natural Gas From Sabine Pass LNG Terminal to Non-Free Trade Agreement Nations DOE/FE Order
No. 2961	 	DOE/FE	 	Borrower	 	May 20, 2011	 	DOE/FE rehearing period for Order No. 2961 expired June 20, 2011, under 10 CFR 590.501	 	Final and no longer subject to rehearing before DOE/FE

  
 4.6(a) - 1 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Final Opinion and Order Granting Long-Term Authorization to Export LNG from Sabine Pass LNG Terminal to Non-Free Trade Agreement Nations DOE/FE Order No. 2961- A1	 	DOE/FE	 	Borrower	 	August 7, 2012	 	Opinion and Order Denying Request for Rehearing of Order Denying Motion for Late Intervention, Dismissing Request for Rehearing of Order No. 2961-A, and Dismissing Motion for a Stay Pendente
Lite, DOE/FE Order No. 2961-B (Jan. 25, 2013).	 	Final and no longer subject to rehearing before DOE/FE
						
	Opinion and Order Denying Request for Rehearing of Order Denying Motion for Late Intervention, Dismissing Request for Rehearing of Order 2961-A and Dismissing Motion for a Stay Pendente Lite
DOE/FE Order No. 2961-B	 	DOE/FE	 	Borrower	 	January 25, 2013	 	Period for seeking judicial review of Opinion and Order No. 2961-B expired March 26, 2013.	 	Final and no longer subject to rehearing before DOE/FE

  

	1	 Errata Notice to DOE/FE Order No. 2961-A issued September 4, 2012.

  
 4.6(a) - 2 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Order Granting Authorization to Export Liquefied Natural Gas by Vessel Pursuant to the Long-Term Contract with Total Gas & Power North America, Inc. from the Sabine Pass LNG Terminal to Free Trade Agreement Nations. DOE/FE
Order No. 3306	 	DOE/FE	 	Borrower	 	July 11, 2013	 	DOE/FE rehearing period for Order No. 3306 expired August 12, 2013, under 10 CFR 590.501.	 	Final and no longer subject to rehearing before DOE/FE
						
	Order Granting Authorization to Export Liquefied Natural Gas by Vessel Pursuant to the Long-Term Contract with Centrica plc from the Sabine Pass LNG Terminal to Free Trade Agreement Nations. DOE/FE Order No. 3307	 	DOE/FE	 	Borrower	 	July 12, 2013	 	DOE/FE rehearing period for Order No. 3307 expired August 12, 2013, under 10 CFR 590.501.	 	Final and no longer subject to rehearing before DOE/FE
						
	Order Granting Long-Term Multi-Contract Authorization to Export Liquefied Natural Gas by Vessel from the Sabine Pass LNG Terminal to Free Trade Agreement Nations. DOE/FE Order No. 3384 2	 	DOE/FE	 	Borrower	 	January 22, 2014	 	DOE/FE rehearing period for Order No. 3384 expired February 21, 2014, under 10 CFR 590.501.	 	Final and no longer subject to rehearing before DOE/FE

  

	2	 Errata Notice to DOE/FE Order Nos. 3384 and 3595 issued February 24, 2015. 

  
 4.6(a) - 3 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Order Granting Long-Term Multi-Contract Authorization to Export Liquefied Natural Gas by Vessel from the Sabine Pass LNG Terminal in Cameron Parish, Louisiana, to Free Trade Agreement Nations. DOE/FE Order No. 
35953	 	DOE/FE	 	Borrower	 	February 12, 2015	 	DOE/FE rehearing period for Order No. 3384 expired March 16, 2015, under 10 CFR 590.501.	 	Final and no longer subject to rehearing before DOE/FE
						
	Final Opinion and Order Granting Long-Term, Multi-Contract Authorization to Export Liquefied Natural Gas by Vessel from the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana, to
Non-Free Trade Agreement Nations DOE/FE Order No. 3669	 	DOE/FE	 	Borrower	 	June 26, 2015	 	DOE/FE Rehearing period for Order No. 3669 expired July 27, 2015.	 	Final and no longer subject to rehearing before DOE/FE

  

	3	 Errata Notice to DOE/FE Order Nos. 3384 and 3595 issued February 24, 2015. 

  
 4.6(a) - 4 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Order Amending DOE/FE Order Nos. 2961-A and 2961-B Make Up Volumes: Sabine Pass to continue exporting for a total of 3 years following the end of the
20- year terms established in DOE/FE Order Nos. 2961-A and 2961-B.	 	DOE/FE	 	Borrower	 	May 4, 2016	 	DOE/FE Rehearing period expired June 4, 2016.	 	Final and no longer subject to rehearing before DOE/FE
						
	FE DOCKET NO. 13-30- LNG; FE DOCKET NO. 13-42-LNG; FE DOCKET NO. 13-121-LNG (Consolidated) Opinion and Order Denying Request for Rehearing Order No. 3669-A	 	DOE/FE	 	Borrower	 	May 26, 2016	 	—	 	Denied Sierra Club’s request for rehearing.
						
	Order granting blanket authorization to export previously imported LNG by vessel to FTA and NFTA nations in a volume equivalent to approximately 500 Bcf of natural gas on a cumulative basis. FE Docket No. 18-35-LNG DOE/FE Order No. 4197	 	DOE/FE	 	Borrower	 	June 4, 2018	 	DOE/FE Rehearing period expired July 4, 2018.	 	Final and no longer subject to rehearing before DOE/FE

  
 4.6(a) - 5 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Order granting Blanket authorization to import up to 1,600 Bcf of LNG from various international sources by vessel. Valid Jan 29, 2019 – Jan 28, 2021	 	DOE/FE	 	Borrower	 	July 24, 2018	 	DOE/FE Rehearing period expired August 24, 2018.	 	Final and no longer subject to rehearing before DOE/FE
						
	Blanket Authorization to Engage in Short-Term Exports to FTA and NFTA countries of LNG from the Sabine Pass Liquefaction Project to any country with the capacity to import LNG and with which trade is not prohibited by U.S. law or
policy. Volume up to the equivalent of 600 billion cubic feet (Bcf) of natural gas on a cumulative basis.	 	DOE/FE	 	Sabine Pass Liquefaction, LLC	 	January 15, 2020	 	DOE/FE Rehearing period expired Feb 15, 2020.	 	Final and no longer subject to rehearing before DOE/FE
						
	Order Granting Section 3 Authorization (Docket No. CP11- 72-000)	 	U.S. Federal Energy Regulatory Commission (“FERC”)	 	Borrower and Sabine Pass LNG, L.P.	 	April 16, 2012	 	Order Denying Rehearing and Stay (Docket No. CP11-72- 001) issued on July 26, 2012.	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 6 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Letter Order Granting Approval for Commencement of Initial Site Preparation (Docket Nos. CP11-72-000 & CP05-396-000)	 	FERC Office of Energy Projects (“OEP”)	 	Borrower and Sabine Pass LNG, L.P.	 	May 10, 2012	 	Order Denying Rehearing and Stay (Docket No. CP11-72- 001) issued July 26, 2012.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Approval for Commencement of Piling and Foundations, Roll- on/Roll-off Bridge, and Additional Temporary Workspace (Docket No. CP11-72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	August 31, 2012	 	FERC rehearing period expired October 1, 2012.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Construction Clearance – Variance Request for Crane Staging and Unplanned Events (Docket No. CP11- 72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	October 19, 2012	 	FERC rehearing period expired November 19, 2012.	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 7 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Letter Order Granting Approval for Installation of Structural Steel (Docket No. CP11-72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	February 15, 2013	 	FERC rehearing period expired March 18, 2013.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Approval for Installation of Underground Utility Piping (Docket No. CP11-72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	March 29, 2013	 	FERC rehearing period expired April 29, 2013.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Construction Clearance – Variance Request for Alternate Water Source and Pump Staging) (Docket No. CP11-72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	April 5, 2013	 	FERC rehearing period expired May 6, 2013.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Approval for Installation of Structural Steel and Increase of Water Pipeline Diameter (Docket No. CP11-72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	May 7, 2013	 	FERC rehearing period expired June 6, 2013.	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 8 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Letter Order Granting Approval for Facility Modifications and Installation of Structural Steel (Docket No. CP11-72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	May 24, 2013	 	FERC rehearing period expired June 24, 2013.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Approval to Construct Final Design (Docket No. CP11-72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	June 7, 2013	 	FERC rehearing period expired July 8, 2013.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Construction Clearance – Variance Request for Water Pumps. (Docket No. CP11-72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	June 27, 2013	 	FERC rehearing period expired July 29, 2013.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Approval for Commencement of Piling and Foundations. (Docket No. CP11-72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	August 16, 2013	 	FERC rehearing period expired September 16, 2013.	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 9 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Letter Order Granting Construction Clearance – Variance Request for Fugitive Dust Control Plan and Pump Location. (Docket Nos. CP11-72-000 and CP13-2-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	August 27, 2013	 	FERC rehearing period expired September 26, 2013.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Approval to Install Stage 2 Underground Piping & Structural Steel. (Docket Nos. CP11-72-000 and
CP13-2-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	October 29, 2013	 	FERC rehearing period expired November 29, 2013.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Construction Clearance – Variance Request for Hydraulic Anchorage Control System. (Docket No. CP11-72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	December 11, 2013	 	FERC rehearing period expired January 10, 2014.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Approval to Install Stage 2 Aboveground Piping Common to Stage 1. (Docket No. CP11-72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	January 9, 2014	 	FERC rehearing period expired February 10, 2014.	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 10 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Letter Order Granting Approval to Install In-Tank Pumps and Vacuum Relief Valves. (Docket No. CP11-72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	April 14, 2014	 	FERC rehearing period expired May 14, 2014.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Approval to Construct Stage 2 Final Design. (Docket Nos. CP11-72-000 and CP13-2-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	April 28, 2014	 	FERC rehearing period expired May 28, 2014.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Construction Clearance – Variance Request for Additional Laydown Areas. (Docket No. CP11- 72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	June 20, 2014	 	FERC rehearing period expired July 21, 2014.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Approval to Construct Tie- Ins. (Docket Nos. CP11- 72-000 and CP13-2-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	June 26, 2014	 	FERC rehearing period expired July 28, 2014.	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 11 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Letter Order Granting Approval to Modify LNG Impoundment System Concrete. (Docket No. CP11-72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	August 1, 2014	 	FERC rehearing period expired September 1, 2014.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Approval to Operate the In-Tank Pumps and Vacuum Relief Valves for LNG Storage Tanks S-103,
S-104, and S-105. (Docket No. CP11-72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	September 12, 2014	 	FERC rehearing period expired October 14, 2014.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Construction Clearance – Variance Request for Additional Laydown Area (Docket No. CP11-72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	January 30, 2015	 	FERC rehearing period expired March 2, 2015.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Confirming Compliance with Conditions (Docket Nos. CP11-72-000 &
CP13-2-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	February 13, 2015	 	FERC rehearing period expired March 16, 2015.	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 12 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Letter Order Granting Approval to Energize Stage 1 Electrical Substations. (Docket No. CP11-72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	February 18, 2015	 	FERC rehearing period expired March 20, 2015.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Approval to Construct Dual Waterlines. (Docket No. CP11-72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	March 16, 2015	 	FERC rehearing period expired April 15, 2015.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Approval to Operate the In-Tank Pumps and Vacuum Relief Valves for LNG Storage Tanks S-101 and
S-102. (Docket No. CP11-72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	April 24, 2015	 	FERC rehearing period expired May 25, 2015.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Approval to Remove Vapor Barriers from Design (Docket No. CP11- 72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	June 25, 2015	 	FERC rehearing period will expire July 27, 2015.	 	Subject to rehearing before FERC
						
	Letter Order Granting Approval to Introduce Fuel Gas to Train 1 and Stage 1 Outside Battery Limits (Docket No. CP11-72-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	September 23, 2015	 	FERC rehearing period expired October 23, 2015.	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 13 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Order Amending Section 3 Authorization (Docket No. CP13-2-000)	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	August 2, 2013	 	FERC rehearing period expired September 3, 2013.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Partial Notice to Proceed with Construction. (Docket No. CP13-2-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	August 6, 2013	 	FERC rehearing period expired September 5, 2013.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Approval for Installation of Structural Steel and Pipeline Meter Interconnects. (Docket No. CP13-2-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	August 13, 2013	 	FERC rehearing period expired September 12, 2013.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Approval to Construct the Heavies Removal Unit. (Docket No. CP13-2-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	October 9, 2013	 	FERC rehearing period expired November 8, 2013.	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 14 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Letter Order Granting Approval for Construction of an Access Road – Variance Request. (Docket No. CP13-2-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	November 22, 2013	 	FERC rehearing period expired December 23, 2013.	 	Final and no longer subject to rehearing before FERC
						
	Order Amending Section 3 Authorization (Docket No. CP14-12-000)	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	February 20, 2014	 	Order Denying Rehearing issued September 18, 2014.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Approval to Install Piles, Foundations, Structural Steel, and Underground Firewater Piping for the Condensate Storage System. (Docket No.
CP13-2-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	May 22, 2014	 	Rehearing period before FERC expired June 23, 2014.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Approval to Construct Condensate Tank (S-2301). (Docket No. CP13-2-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	September 11, 2014	 	FERC rehearing period expired October 14, 2014.	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 15 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Letter Order Granting Approval to Construct Stage 1 Condensate Equipment and Send-out Piping. (Docket No. CP13- 2-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	October 9, 2014	 	FERC rehearing period expired November 10, 2014.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Approval to Construct the Condensate Truck Loading and Storage Tank Dike Impoundment Areas. (Docket No. CP13-2-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	December 5, 2014	 	FERC rehearing period expired January 5, 2015.	 	Final and no longer subject to rehearing before FERC
						
	Order Granting Authorization Under Section 3 of the Natural Gas Act and Issuing Certificate (Docket Nos. CP13-552-000 & CP13- 553-000)4	 	FERC	 	Sabine Pass Liquefaction Expansion, LLC, Borrower, Sabine Pass LNG, L.P. and Cheniere Creole Trail Pipeline, L.P.	 	April 6, 2015	 	Order Denying Rehearing issued June 23, 2015.	 	Final and no longer subject to rehearing before FERC

  

4 Errata Notice issued April 8, 2015. 

  
 4.6(a) - 16 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Letter Order Granting Authorization to Commence Service (Docket No. CP12-351- 000)	 	FERC OEP	 	Cheniere Creole Trail Pipeline, L.P.	 	April 27, 2015	 	FERC rehearing period expired May 27, 2015.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Accepting Negotiated Rate Agreement	 	FERC Division of Pipeline Regulation	 	Cheniere Creole Trail Pipeline, L.P.	 	April 29, 2015	 	FERC rehearing period expired May 29, 2015.	 	Final and no longer subject to rehearing before FERC
						
	Letter Order Granting Approval to Energize the Sump Pumps for the Condensate Storage and Sendout System Impoundments (Docket No. CP13-2-000)	 	FERC OEP	 	Borrower and Sabine Pass LNG, L.P.	 	June 25, 2015	 	FERC rehearing period will expire July 27, 2015.	 	Subject to rehearing before FERC
						
	Letter Order Granting Notice to Proceed with Site Preparation and Soil Stabilization Activities (Docket Nos. CP13-552- 000 and
CP13-553-000)	 	FERC OEP	 	Sabine Pass Liquefaction Expansion, LLC, Borrower, Sabine Pass LNG, L.P., and Cheniere Creole Trail Pipeline, L.P.	 	July 9, 2015	 	FERC rehearing period expired on August 10, 2015.	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 17 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Authorization to introduce Fuel Gas to Train 1 (CP11- 72-000)	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	September 23, 2015	 	FERC rehearing period expired on October 23, 2015	 	Final and no longer subject to rehearing before FERC
						
	Authorization to Deliver and Store Therminol to Train 1 Hot Oil Utility System filed 10/2/2015 (CP11-72-000)	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	October 5, 2015	 	FERC rehearing period expired on November 5, 2015	 	Final and no longer subject to rehearing before FERC
						
	Approval to Commission Train 3 Hot Oil Utility System	 	FERC	 	Pass LNG, L.P.	 	October 14, 2016	 	FERC rehearing period expired on November 9, 2015	 	Final and no longer subject to rehearing before FERC
						
	Letter Order granting authorization to heat and circulate Therminol (train 1)	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	October 9, 2015	 	FERC rehearing period expired on November 14, 2015	 	Final and no longer subject to rehearing before FERC
						
	Letter Order granting authorization to deliver and store ethylene and propane in the Refrigerant Storage System	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	October 20, 2015	 	FERC rehearing period expired on November 20, 2015	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 18 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Approval to Introduce FEED Gas and Operate Marine Flare	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	December 21, 2015	 	FERC rehearing period expired on January 21, 2016	 	Final and no longer subject to rehearing before FERC
						
	Approval to introduce process fluids into the Stage 1 Condensate Storage and Truck Loading System and not to proceed with condensate trucking activities under CP13-2- 000.	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	February 11, 2016	 	FERC rehearing period expired on March 11, 2016	 	Final and no longer subject to rehearing before FERC
						
	Approval to continue the commissioning of Liquefaction Train 1, including export of the produced liquefied natural gas (LNG) departing by ship today.	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	February 24, 2016	 	FERC rehearing period will expire on March 24, 2016	 	Final and no longer subject to rehearing before FERC
						
	Approval to introduce fuel gas in the identified areas of your request for commissioning of Train 2.	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	March 3, 2016	 	FERC rehearing period expired on April 3, 2016	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 19 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Approval to Deliver, Store, and Circulate Therminol for Train 2	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	March 8, 2016	 	FERC rehearing period expired on April 8, 2016	 	Final and no longer subject to rehearing before FERC
						
	Authorization of Train 1 Commissioning Activities	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	March 11, 2016	 	FERC rehearing period expired on April 11, 2016	 	Final and no longer subject to rehearing before FERC
						
	Approval to introduce feed gas and refrigerants for commissioning of Train 2	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	April 18, 2016	 	FERC rehearing period expired on May 18, 2016	 	Final and no longer subject to rehearing before FERC
						
	Approval to commence service of Train 1 and associated facilities	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	May 3, 2016	 	FERC rehearing period expired on June 3, 2016	 	Final and no longer subject to rehearing before FERC
						
	Approval to commence Phase 1 construction activities for flare modifications	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	July 15, 2016	 	FERC rehearing period expired on August 15, 2016	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 20 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Authorization to introduce Fuel Gas to Train 3 (CP11- 72-000)	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	Aug 19, 2016	 	FERC rehearing period expired on September 19, 2016	 	Final and no longer subject to rehearing before FERC
						
	Authorization to install aboveground piping and equipment for Train 5 and Stage 3 OSBL (CP11-72- 000)	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	Sept 1, 2016	 	FERC rehearing period expired on October 1, 2016	 	Final and no longer subject to rehearing before FERC
						
	Authorization to conduct Phase 2 flare modifications (CP11-72-000)	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	Sept 1, 2016	 	FERC rehearing period expired on October 1, 2016	 	Final and no longer subject to rehearing before FERC
						
	Authorization to commence service for liquefaction and export activities of Train 2 Facilities (CP11-72-000)	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	Oct 12, 2016	 	FERC rehearing period expired on November 12, 2016	 	Final and no longer subject to rehearing before FERC
						
	Authorization to introduce feed gas and refrigerants in the identified areas of Train 3 (CP11-72-000)	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	Nov 8, 2016	 	FERC rehearing period expired on December 8, 2016	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 21 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Letter order granting extension of time to file the post-construction noise survey for Stage 1	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	December 29, 2016	 	FERC rehearing period expired on January 29, 2017	 	Final and no longer subject to rehearing before FERC
						
	Authorization to commence installation of piles for the third pipeline meter interconnect (KMLP)	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	January 5, 2017	 	FERC rehearing period expired on February 5, 2017	 	Final and no longer subject to rehearing before FERC
						
	Approval to Install Permanent Compressors in Support of Flare Modifications	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	March 2, 2017	 	FERC rehearing period expired on April 2, 2017	 	Final and no longer subject to rehearing before FERC
						
	Approval to Install Piles and Foundations for Marine Flare	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	March 15, 2017	 	FERC rehearing period expired on April 15, 2017	 	Final and no longer subject to rehearing before FERC
						
	Authorization to Commence Service of Train 3 Facilities	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	March 21, 2017	 	FERC rehearing period expired on April 21, 2017	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 22 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Approval to Introduce Gas and Commission Train 4 Fuel Gas System	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	March 24, 2017	 	FERC rehearing period expired on April 24, 2017	 	Final and no longer subject to rehearing before FERC
						
	Approval to Commission Train 4 Hot Oil Utility System	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	April 3, 2017	 	FERC rehearing period expired on May 3, 2017	 	Final and no longer subject to rehearing before FERC
						
	Approval to Install Structural Steel for Marine Flare	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	April 13, 2017	 	FERC rehearing period expired on May 13, 2017	 	Final and no longer subject to rehearing before FERC
						
	Approval to Install Tie-In Piping for Marine Flare	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	May 12, 2017	 	FERC rehearing period expired on June 12, 2017	 	Final and no longer subject to rehearing before FERC
						
	Approval to Introduce Feed Gas and Refrigerants to Train 4	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	June 1, 2017	 	FERC rehearing period expired on July 1, 2017	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 23 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Approval to Install Piping and Equipment for Enclosed Ground Marine Flare	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	June 8, 2017 June 9, 2017 (corrected)	 	FERC rehearing period expired on July 9, 2017	 	Final and no longer subject to rehearing before FERC
						
	Approval to Introduce Gas and Commission Enclosed Ground Marine Flare	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	September 21, 2017	 	FERC rehearing period expired on October 21, 2017	 	Final and no longer subject to rehearing before FERC
						
	Authorization to Commence Service of Train 4 Facilities and Enclosed Marine Ground Flare	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	October 5, 2017	 	FERC rehearing period expired on November 5, 2017	 	Final and no longer subject to rehearing before FERC
						
	Approval to Commence Construction Activities for Condensate Tank S-2302	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	December 20, 2017	 	FERC rehearing period expired on January 20, 2018	 	Final and no longer subject to rehearing before FERC
						
	Approval to Install Third Feed Gas Meter Interconnect	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	January 4, 2018	 	FERC rehearing period expired on February 4, 2018	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 24 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Approval to commence construction of the Condensate Storage Tank S-2302	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	March 30, 2018	 	FERC rehearing period expired on April 30, 2018	 	Final and no longer subject to rehearing before FERC
						
	Approval to utilize propane as a temporary fuel source re the Stage 3 Wet and Dry Flares	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	March 30, 2018	 	FERC rehearing period expired on April 30, 2018	 	Final and no longer subject to rehearing before FERC
						
	Approval to introduce fuel gas to Commission the Gas Turbine Generators	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	April 6, 2018	 	FERC rehearing period expired on May 6, 2018	 	Final and no longer subject to rehearing before FERC
						
	Approval to introduce gas and commission the Train 5 fuel gas system	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	May 25, 2018	 	FERC rehearing period expired on June 25, 2018	 	Final and no longer subject to rehearing before FERC
						
	Approval to deliver, store, and circulate Therminol	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	July 11, 2018	 	FERC rehearing period expired on August 11, 2018	 	Final and no longer subject to rehearing before FERC
						
	Approval to commission the Stage 3 dry flare	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	August 1, 2018	 	FERC rehearing period expired on September 1, 2018	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 25 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Approval to introduce FEED Gas into Train 5	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	September 6, 2018	 	FERC rehearing period expired on October 6, 2018	 	Final and no longer subject to rehearing before FERC
						
	Approval to Install Tie-Ins for Condensate Tank S- 2302	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	September 14, 2018	 	FERC rehearing period expired on October 14, 2018	 	Final and no longer subject to rehearing before FERC
						
	Approval to introduce refrigerants to Train 5 ISBL and Stage 3 OSBL.	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	October 11, 2018	 	FERC rehearing period expired on November 11, 2018	 	Final and no longer subject to rehearing before FERC
						
	Approval to place Train 5 and Stage 3 OSBL in service CP13-552-000	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	March 12, 2019	 	FERC rehearing period expired on April 12, 2019	 	Final and no longer subject to rehearing before FERC
						
	Approval to commence service of Condensate Tank S-2302	 	FERC	 	Borrower and Sabine Pass LNG, L.P.	 	June 13, 2019	 	FERC rehearing period expired on July 13, 2019	 	Final and no longer subject to rehearing before FERC

  
 4.6(a) - 26 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Section 10/404 Impacts to Waters of the U.S. (including wetlands) Permit No. SWG-2004- 02523	 	U.S. Army Corps of Engineers (“USACOE”)	 	Borrower, Sabine Pass LNG, L.P. and Cheniere Creole Trail Pipeline, L.P.	 	March 15, 2012	 	Period to appeal to USACOE expired on May 14, 2012	 	
						
	Section 10/404 Impacts to Waters of the U.S. (including wetlands) Permit No. SWG-2004- 02523 (change from 12- inch diameter potable water line to
16-inch diameter potable water line)	 	USACOE	 	Borrower, Sabine Pass LNG, L.P. and Cheniere Creole Trail Pipeline, L.P.	 	April 4, 2013	 	Period to appeal to USACOE expired on May 6, 2013	 	
						
	Section 10/404 Permit No. SWG- 2004- 00465 (maintenance dredging and addition of dredge material placement areas)	 	USACOE	 	Sabine Pass LNG, L.P.	 	April 30, 2012	 	Period to appeal to USACOE expired on June 29, 2012	 	
						
	Section 404 - Clean Water Act Permit (Revision)	 	USACE	 	Sabine Pass Liquefaction, LLC1 Sabine Pass LNG, L.P.	 	July 1, 2013	 	Period to appeal to USACOE expired on Sept 1, 2013	 	

  
 4.6(a) - 27 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Section 404 - Clean Water Act Permit (Revision)	 	USACE	 	Sabine Pass Liquefaction, LLC1 Sabine Pass LNG, L.P.	 	July 17, 2013	 	Period to appeal to USACOE expired on Sept 17, 2013	 	
						
	Section 404 - Clean Water Act Permit (Revision)	 	USACE	 	Sabine Pass Liquefaction, LLC1 Sabine Pass LNG, L.P.	 	November 25, 2013	 	Period to appeal to USACOE expired on Jan 25, 2014	 	
						
	Section 404 Permit No. SWG- 2004- 02523 (discharge of fill material into 153.53 acres of jurisdictional wetlands during the Train 5 expansion activities)	 	USACOE	 	Borrower, Sabine Pass Liquefaction Expansion, LLC, and Sabine Pass LNG	 	June 9, 2015	 	Period for permit holder to appeal to USACOE will expire on Aug 9, 2015	 	
						
	Construction within a floodplain (Consultation – Copy of 404 Permit App) 2,4	 	Federal Emergency Management, Region VI (FEMA)	 	Sabine Pass Liquefaction, LLC1 Sabine Pass LNG, L.P.	 	March 15, 2012	 		 	
						
	Letter of Intent and Waterway Suitability Assessment	 	U.S. Coast Guard	 	Sabine Pass Liquefaction, LLC Sabine Pass LNG, L.P.	 	June 24, 2010	 		 	

  
 4.6(a) - 28 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Section 7 Consultation - Endangered Species Act/ Migratory Bird Treaty Act	 	U.S. Fish and Wildlife Service (USFWS)	 	Sabine Pass Liquefaction, LLC1 Sabine Pass LNG, L.P.	 	October 5, 2010	 		 	
						
	Section 7 Consultation - Endangered Species Act	 	NOAA Fisheries	 	Sabine Pass Liquefaction, LLC Sabine Pass LNG, L.P.	 	November 3, 2010	 		 	
						
	Prevention of Significant Deterioration Permit PSD- LA-703 (M-3)	 	Louisiana Department of Environment al Quality (“LDEQ”)	 	Borrower and Sabine Pass LNG L.P.	 	December 6, 2011	 	Period to appeal to LDEQ expired on January 5, 2012.	 	
						
	Prevention of Significant Deterioration Permit PSD- LA-703 (M-4)	 	LDEQ	 	Borrower and Sabine Pass LNG L.P.	 	March 22, 2013	 	Period to appeal to LDEQ expired on April 21, 2013.	 	
						
	Prevention of Significant Deterioration Permit PSD- LA-703(M-5) (“PSD Permit”)	 	LDEQ	 	Borrower, Sabine Pass Liquefaction Expansion, LLC, and Sabine Pass LNG L.P.	 	June 3, 2015	 	The period by which the permit holder may file an administrative appeal to LDEQ expires on July 3, 2015.	 	

  
 4.6(a) - 29 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Part 70 Operating Permit No. 0560-00214-V3	 	LDEQ	 	Borrower and Sabine Pass LNG L.P.	 	December 6, 2011	 	Period to appeal to LDEQ expired on January 5, 2012.	 	EPA has been petitioned to object to the Part 70 Permit. The deadline for EPA to answer the petition has passed.
						
	Part 70 Operating Permit No. 0560-00214-V4	 	LDEQ	 	Borrower and Sabine Pass LNG L.P.	 	March 22, 2013	 	Period to appeal to LDEQ expired on April 21, 2013.	 	
						
	Part 70 Operating Permit No. 0560-00214-V5	 	LDEQ	 	Borrower, Sabine Pass Liquefaction Expansion, LLC, and Sabine Pass LNG L.P.	 	June 3, 2015	 	The period for the public to petition EPA to object to issuance of the Part 70 Operating Permit expired on July 3, 2015.	 	.
						
	Part 70 Operating Permit No. 0560-00214-V6	 	LDEQ	 	Borrower, Sabine Pass Liquefaction Expansion, LLC, and Sabine Pass LNG L.P.	 	September 20, 2017	 	The period for the public to petition EPA to object to issuance of the Part 70 Operating Permit expired on October 20, 2017.	 	
						
	Part 70 Operating Permit No. 0560-00214-V7	 	LDEQ	 	Borrower, Sabine Pass Liquefaction Expansion, LLC, and Sabine Pass LNG L.P.	 	September 6, 2019	 	The period for the public to petition EPA to object to issuance of the Part 70 Operating Permit expired on October 6, 2019.	 	
						
	Water Quality Certification, Section 401 of CWA (WQC 040609-04/AI 119267/CER 20110001)	 	LDEQ	 	Sabine Pass LNG, L.P.	 	June 22, 2011	 	Period to appeal to LDEQ expired on July 22, 2011.	 	

  
 4.6(a) - 30 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Water Quality Certification, Section 401 of CWA (WQC 040609-04/AI 119267/CER 20130001)	 	LDEQ	 	Borrower, Sabine Pass LNG, LP, and Cheniere Creole Trail Pipeline, LP	 	June 18, 2013	 	Period to appeal to LDEQ expired on July 18, 2013.	 	
						
	Water Quality Certification, Section 401 of CWA 150310-02/AI 119267/CER 20150001)	 	LDEQ	 	Borrower, Sabine Pass Liquefaction Expansion, LLC, and Sabine Pass LNG L.P.	 	March 11, 2015	 	Period to appeal to LDEQ expired on April 10, 2015.	 	
						
	Water Quality Certification, Section 401 of CWA (WQC 040609-04/AI 119267/CER 20110001)	 	LDEQ	 	Sabine Pass LNG, L.P.	 	December 20, 2017	 	Period to appeal to LDEQ expired on Jan 20, 2018.	 	
						
	Coastal Use Authorization and Consistency Determination. Permit No. P20101481 for 12- inch diameter potable water supply line	 	LDNR	 	Sabine Pass LNG, L.P.	 	March 28, 2011	 	Period to appeal to LDNR expired on April 7, 2011.	 	

  
 4.6(a) - 31 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Coastal Use Permit and Consistency Determination. Permit No. P20111231 (expansion of plant to add liquefaction facility)	 	Louisiana Department of Natural Resources (“LDNR”)	 	Sabine Pass LNG, L.P.	 	April 17, 2012	 	Period to appeal to LDNR expired on April 27, 2012.	 	
						
	Coastal Use Authorization and Consistency Determination. Permit No. P20121237 for new 12- inch and 24-inch diameter potable water supply lines	 	LDNR	 	Borrower, Sabine Pass LNG , L.P. and Cheniere Creole Trail Pipeline, LP	 	October 22, 2012	 	Period to appeal to LDEQ expired on November 1, 2012.	 	
						
	Coastal Use Authorization and Consistency Determination Permit No. P20101481 (amended) for change from 12-inch diameter potable water line to 16-inch
diameter potable water line	 	LDNR	 	Sabine Pass LNG, L.P.	 	January 14, 2013	 	Period to appeal to LDNR expired on January 24, 2013.	 	

  
 4.6(a) - 32 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Coastal Use Authorization and Consistency Determination Permit No. P20101481 (amended and extended) extension of time to initiate proposed activity of installation of 16-inch diameter water
line	 	LDNR	 	Sabine Pass LNG, L.P.	 	January 30, 2013	 	Period to appeal to LDNR expired on February 9, 2013.	 	
						
	Coastal Use Authorization and Consistency Determination Permit No. P20121237 (new 12-inch and 24-inch diameter potable water supply lines and additional
workspace for temporary matting over an existing pipeline)	 	LDNR	 	Borrower, Sabine Pass LNG, LP, and Cheniere Creole Trail Pipeline, LP	 	February 20, 2015	 	Period to appeal to LDNR expired on March 23, 2015.	 	
						
	Coastal Use Authorization and Consistency Determination Permit No. P20131407 (construction of Terminal Stage 3 of the existing SPLNG Terminal and addition of approximately 14 miles of 42” pipeline to the existing CCTPL pipeline
system)	 	LDNR	 	Borrower, Sabine Pass LNG, L.P., and Cheniere Creole Trail Pipeline, LP	 	June 27, 2014	 	Period to appeal to LDNR expired on July 28, 2014.	 	

  
 4.6(a) - 33 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Louisiana Pollutant Discharge Elimination System (LPDES) Construction Stormwater Permit (Revision)	 	Environmental Quality (LDEQ)	 	Sabine Pass Liquefaction, LLC Sabine Pass LNG, L.P.	 	May 1, 20123	 	Deadline for appeal passed with no appeal filed.	 	
						
	Louisiana Pollutant Discharge Elimination System (LPDES) No. LA0122441 for discharge of treated sanitary wastewater, submerged combustion vaporizers (SCV) process wastewater and process and non- process area stormwater	 	LDEQ	 	Sabine Pass LNG, L.P.	 	August 1, 2012	 	Deadline for appeal passed with no appeal filed.	 	
						
	Major Modification to existing LPDES Permit LA0122441 for discharge of process wastewater, sanitary system wastewater and storm water	 	LDEQ	 	Sabine Pass LNG, L.P.	 	February 10, 2014	 	Deadline for appeal passed with no appeal filed.	 	

  
 4.6(a) - 34 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	LPDES Permit No. LA0122441 (reissued)	 	LDEQ	 	Sabine Pass LNG, LP	 	October 1, 2014	 	Deadline for appeal passed with no appeal filed.	 	
						
	Louisiana Pollutant Discharge Elimination System (LPDES) Water Discharge Permit7	 	LDEQ	 	Sabine Pass Liquefaction, LLC Sabine Pass LNG, L.P.	 	December 20, 2017	 	Deadline for appeal passed with no appeal filed.	 	
						
	Sensitive Species/Habitats Consultation	 	Louisiana Department of Wildlife and Fisheries (LDWF)	 	Sabine Pass Liquefaction, LLC Sabine Pass LNG, L.P.	 	July 15, 2010	 	Deadline for appeal passed with no appeal filed.	 	
						
	Section 106 - National Historic Preservation Act	 	Louisiana State Historic Preservation Office (SHPO)	 	Sabine Pass Liquefaction, LLC Sabine Pass LNG, L.P.	 	July 2, 2010	 	Deadline for appeal passed with no appeal filed.	 	

  
 4.6(a) - 35 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Cameron Parish Development Consultation	 	Cameron Parish	 	Sabine Pass Liquefaction, LLC Sabine Pass LNG, L.P.	 	May 3, 2011	 	Deadline for appeal passed with no appeal filed.	 	
						
	Building Permit for Construction in a Floodplain (for occupied buildings within a floodplain)	 	Cameron Parish Floodplain Administrator	 	Sabine Pass Liquefaction, LLC Sabine Pass LNG, L.P.	 	March 15, 2012	 	Deadline for appeal passed with no appeal filed.	 	
						
	Building Permit for Construction in a Floodplain (for occupied buildings within a floodplain)	 	Cameron Parish Floodplain Administrator	 	Sabine Pass Liquefaction, LLC Sabine Pass LNG, L.P.	 	January 2013	 	Deadline for appeal passed with no appeal filed.	 	

  
 4.6(a) - 36 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Approval(s) of variances/changes to authorizations granted in Section 3 Orders issued April 16, 2012 and April 6, 2015	 	FERC	 	Borrower and Sabine Pass LNG	 	FERC Order(s) could be subject to a rehearing request before FERC for a 30-day period following issuance.	 	Trains 1 - 4 and all associated facilities included in the April 16, 2012, Order issued for Docket No. CP11-72-000 has been constructed in
compliance with all applicable conditions of the Orders. Trains 5 and 6 were authorized in the April 6, 2015, Order issued under Docket No. CP13-552.	 	Approval(s) of variances/changes to authorizations granted in Section 3 Orders issued April 16, 2012 and April 6, 2015
						
	Authorizations for construction of the Liquefaction Project components.	 	FERC OEP	 	Borrower and Sabine Pass LNG	 	Letter Orders could be subject to rehearing request before FERC for a 30-day period following issuance.	 	Trains 1 - 4 and all associated facilities included in Docket No. CP11-72-000 has been constructed in compliance with all applicable conditions of the
Orders. Trains 5 - 6 and all associated facilities included in Docket No. CP13-552-000 have or are currently being constructed in compliance with all applicable
conditions of the Orders.	 	Authorizations for construction of the Liquefaction Project components.

  
 4.6(a) - 37 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Authorization(s) for introduction of gas or process fluids.	 	FERC OEP	 	Borrower and Sabine Pass LNG	 	Letter Order(s) could be subject to rehearing request before FERC for a 30-day period following issuance.	 	All approvals have been received for Trains 1 – 5.	 	
						
	Authorization(s) for commencement of commissioning of the Liquefaction Project.	 	FERC OEP	 	Borrower and Sabine Pass LNG	 	Letter Order(s) could be subject to rehearing request before FERC for a 30-day period following issuance.	 	All approvals have been received for Trains 1 – 5.	 	

  
 4.6(a) - 38 

											
	 PERMIT/APPROVAL
	 	 ISSUING

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	 DATE 

RECEIVED
	 	 ISSUING AGENCY APPEAL
PERIOD

EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL STATUS

						
	Authorization(s) to place Liquefaction Project into service	 	FERC OEP	 	Borrower and Sabine Pass LNG	 	Letter order could be subject to rehearing request before FERC for a 30-day period following issuance.	 	 In Service Dates:

•  Train 1: May 27, 2016

•  Train 2: October 12, 2016

•  Train 3: March 31, 2017

•  Train 4: October 12, 2017

•  Train 5: March 12, 2019
	 	
						
	Authorization(s) to place HRU Modification Project into service	 	FERC OEP	 	Borrower and Sabine Pass LNG	 	Letter Order(s) could be subject to rehearing request before FERC for a 30 day period following issuance.	 	All approvals have been received place HRU Modification Project into service.	 	

  
 4.6(a) - 39 

 SCHEDULE 4.6(b) 

Permits and Approvals to Be Received at Future Date and Filings to Occur at a Future Date 

 

									
	 PERMIT/APPROVAL/FILING
	 	 RESPONSIBLE

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	
ISSUING AGENCY
APPEAL/REVIEW PERIOD
EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL

STATUS

					
	Approval(s) of variances/changes to authorizations granted in Section 3 Orders issued April 16, 2012 and April 6, 2015	 	FERC	 	Borrower and Sabine Pass LNG	 	FERC Order(s) could be subject to a rehearing request before FERC for a 30-day period following issuance.	 	 Train 6 (authorized under Order issued under Docket No. CP13-
552)    is    currently    under construction (extension of time to construct has been granted).
  

Creole Trail Pipeline extension and expansion are not currently under construction nor has an extension of time been sought.

					
	Authorization(s) for introduction of gas or process fluids.	 	FERC OEP	 	Borrower and Sabine Pass LNG	 	Letter Order(s) could be subject to rehearing request before FERC for a 30-day period following issuance.	 	Sabine Pass will request this authorization for Train 6 when required.
					
	Authorization(s) for commencement of commissioning of the Liquefaction Project.	 	FERC OEP	 	Borrower and Sabine Pass LNG	 	Letter Order(s) could be subject to rehearing request before FERC for a 30-day period following issuance.	 	Sabine Pass will request this authorization for Train 6 when required.

  
 4.6(b) - 1 

									
	 PERMIT/APPROVAL/FILING
	 	 RESPONSIBLE

AGENCY
	 	 PERMIT/APPROVAL
HOLDER
	 	
ISSUING AGENCY
APPEAL/REVIEW PERIOD
EXPIRED/ANTICIPATED
	 	 PERMIT/APPROVAL

STATUS

					
	Authorization(s) to place Liquefaction Project into service	 	FERC OEP	 	Borrower and Sabine Pass LNG	 	Letter order could be subject to rehearing request before FERC for a 30-day period following issuance.	 	Sabine Pass will request this authorization for Train 6 when required.
					
	Part 70 Operating Permit No. 0560- 00214-V8	 	LDEQ	 	Borrower, Sabine Pass Liquefaction Expansion, LLC, and Sabine Pass LNG L.P.	 		 	

  
 4.6(b) - 2 

 SCHEDULE 5.10 

NOTICE INFORMATION 
 Borrower

 Sabine Pass Liquefaction, LLC 
 700 Milam Street,
Suite 1900 
 Houston, Texas 77002 
 Attention: Lisa C. Cohen,
Treasurer 
 Secured Debt Holder Representatives 

Senior Facility Agent 
 The Bank of Nova Scotia 

Global Banking And Markets 
 711 Louisiana Street, Suite 1400,
Houston, TX 77002 
 Attention: Joe Lattanzi 
 4(a)(2)
Indenture Trustee 
 The Bank of New York Mellon 
 500
Ross Street, 12th Floor 
 AIM # 154-1275 

Pittsburgh, PA 15262 
 Attn: Ray O’Neil 

Vice President, Client Service Manager 
 Tel: 412-236-1201 
 Email: Raymond.k.oneil@bnymellon.com 

144A Indenture Trustee 
 The Bank of New York
Mellon 
 500 Ross Street, 12th Floor 
 AIM # 154-1275 
 Pittsburgh, PA 15262 

Attn: Ray O’Neil 
 Vice President, Client Service Manager

 Tel: 412-236-1201 

Email: Raymond.k.oneil@bnymellon.com 
 Common Security
Trustee 
 Société Générale 

245 Park Avenue 
 New York, NY, 10167 

Attention: Ellen Turkel 
 Intercreditor Agent 

Société Générale 
 245 Park Avenue

 New York, NY, 10167 
 Attention: Ellen Turkel 

  
 5.10- 1 

 SCHEDULE 6.1 

SEPARATENESS 
 Sabine Pass
Liquefaction, LLC (solely for purposes of this Schedule 6.1, the “Company”) shall conduct its business separate and apart from any Affiliate thereof, other than any Restricted Subsidiary, in accordance with the following: 

 

	 	a)	 It shall segregate its property and not allow funds or other assets thereof to be commingled with the funds or
other assets of, held by, or registered in the name of, any member of the Company, any other Affiliate of the Company, other than any Restricted Subsidiary, or any other Person (other than any Restricted Subsidiary) except that the bank accounts
established pursuant to the Accounts Agreement may be in the name of the Common Security Trustee or a Restricted Subsidiary. 

  

	 	b)	 It shall maintain its assets in such a manner that it is not costly or difficult to segregate, identify or
ascertain such assets. 

  

	 	c)	 It shall prepare and maintain its own separate books and financial records and statements, showing its assets
and liabilities separate and apart from the books and financial records and statements of any member of the Company, any other Affiliate of the Company or any other Person (other than any Restricted Subsidiary); except that the Company’s assets
may be included in consolidated financial statements of its Affiliates so long as appropriate notation is made on such consolidated financial statements to indicate the separateness of the Company from such Affiliate and to disclose the separate
nature of the Company’s indebtedness. 

  

	 	d)	 (A) It shall prepare and file its own tax returns separate from those of any Person (other than any Restricted
Subsidiary) except to the extent that the Company is treated as a “disregarded entity” for tax purposes and is not required to file tax returns under applicable law, and (B) pay any taxes required to be paid by applicable law.

  

	 	e)	 It shall observe all limited liability company procedures necessary to maintain its separate existence and
formalities, including without limitation, (i) maintaining minutes or records of meetings of the Member(s) and Managers of the Company, (ii) acting on behalf of itself only pursuant to due authorization of the Managers and/or Member(s),
including, when applicable, the Independent Manager (as defined in that certain First Amended and Restated Limited Liability Company Agreement of the Company dated as of July 31, 2012), and (iii) conducting its own business in its own name
and through authorized agents pursuant to its organizational documents. 

  

	 	f)	 It shall pay its liabilities and expenses out of its own assets or the assets of its Restricted Subsidiaries.

  
 6.1- 1 

	 	g)	 It shall conduct its dealings with third parties in its own name and as a legal entity separate, distinct and
independent from any other entity. 

  

	 	h)	 It shall not guarantee any debts of its Affiliates (other than a Restricted Subsidiary) nor allow any of its
Affiliates (other than a Restricted Subsidiary) to guarantee any debts of the Company except (A) the guarantee by the Sponsor of the Company’s obligations under the Sabine Pass TUA, (B) the pledge of any Member’s equity interest
in the Company under the Pledge Agreement to secure the obligations of the Company under certain of the Financing Documents, (C) the pledge of any interest in a Restricted Subsidiary pursuant to the Security Documents and (D) certain
customary indemnities contained in or contemplated by the Transaction Documents. It shall not acquire or assume obligations or securities of, or make loans or advances to, any of its Affiliates except as permitted or contemplated by the Transaction
Documents. 

  

	 	i)	 It shall maintain adequate capitalization in light of its contemplated business and obligations; provided,
however, that the foregoing shall not require any Member to make additional capital contributions to the Company. 

  

	 	j)	 It shall directly manage its own liabilities and pay the salaries of its own employees, if any, and maintain a
sufficient number of employees in light of its contemplated business operations, which operations may be carried out pursuant to agreements with Affiliates or others that comply with the requirements of the Financing Documents. It shall not permit
employees of the Company, if any, to participate in or receive payroll benefits or pension plans of or from any of its Affiliates. 

  

	 	k)	 It shall allocate and charge fairly and reasonably any common employee or overhead for shared office space.

  

	 	l)	 It shall use separate stationery, invoices and checks. 

 

	 	m)	 It shall maintain separate bank accounts in its own name, the name of Restricted Subsidiary or in the name of
the Common Security Trustee and all investments made by or on behalf of the Company shall be made solely in its name or the name of a Restricted Subsidiary (except as required under the Accounts Agreement). 

 

	 	n)	 It shall not enter into any transaction with any Affiliate except on an
arm’s-length basis on terms that are no less favorable than would be available in comparable transactions with unaffiliated third parties (or, if no comparable transactions with unaffiliated third parties
would be available, then on terms that are determined by a Majority of the Managers to be fair in light of all factors considered by the Managers to be pertinent to the Company), and shall (A) have been approved in accordance with its
organizational documents, (B) otherwise comply with the provisions of the Financing Documents and (C) be pursuant to written, enforceable agreements. 

  
 6.1- 2 

	 	o)	 It shall hold itself out as a separate entity and shall correct any misunderstanding regarding its separate
entity status of which the Company has actual knowledge. 

 Provided, however, that none of the foregoing covenants shall
prohibit the Company from entering into the Financing Documents and complying with the obligations thereunder. 

  
 6.1- 3 

 EXHIBIT A 

FORM OF JOINDER 
 THIS JOINDER
AGREEMENT (this “Agreement”), dated as of [__________] to, among other documents as provided herein, the Third Amended and Restated Common Terms Agreement (as may be further amended, restated or modified from time to time, the
“Common Terms Agreement”), dated as of March 19, 2020, among SABINE PASS LIQUEFACTION, LLC (the “Borrower”), the subsidiaries of the Borrower party thereto from time to time, each Secured
Debt Holder Group Representative party thereto from time to time, each Secured Hedge Representative party thereto from time to time, each Secured Gas Hedge Representative party thereto from time to time, the Common Security Trustee (as defined
below), and the Intercreditor Agent (as defined below) and made among: 
  

	(1)	 [_________________], a [type of entity] organized under the laws of [jurisdiction], as a
Restricted Subsidiary (the “Restricted Subsidiary”); 

  

	(2)	 [_________________], as the common security trustee (the “Common Security
Trustee”); and 

  

	(3)	 [_________________], as the accounts bank (the “Accounts Bank”); 

(each a “Party” and together the “Parties”). 

By executing and delivering this Agreement, the undersigned hereby (i) agrees to become a “Loan Party” under each of the
Common Terms Agreement, Security Agreement and Accounts Agreement; (ii) joins in, becomes a party to, and agrees to comply with and be bound by the terms and conditions of the Common Terms Agreement and each other Financing Document, to the
same extent as if the undersigned were an original signatory thereto; and (iii) makes all of the representations and warranties of a Loan Party set forth in the Common Terms Agreement and each other Financing Document. The undersigned shall
hereafter be jointly and severally liable for the performance of any and all past, present and future obligations of any Loan Party in connection with any of the Common Terms Agreement and/or the other Financing Documents; it being understood and
agreed that any and all references in the Common Terms Agreement and/or the other Financing Documents to “the Loan Parties” shall mean the undersigned, individually and/or collectively together with all other Loan Parties, as applicable.

 The undersigned acknowledges that it is receiving direct and/or indirect benefits from each such extension of credit. 

The undersigned hereby represents and warrants to the Common Security Trustee and the other Secured Parties that, in accordance with the terms
of the Common Terms Agreement, it has become a party to each of the Common Terms Agreement, the Security Agreement and the Accounts Agreement, and that, except for the joining of the undersigned thereto, each of the Common Terms Agreement, the
Security Agreement and the Accounts Agreement remains unmodified and in full force and effect. 

  
 B- 1 

 This Agreement will be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns, except that the undersigned may not assign, transfer or delegate any of its rights or obligations under this Agreement without the prior written consent of the Common Security Trustee and any such attempted
assignment, transfer or delegation without such consent shall be null and void. 
 Capitalized terms used and not defined herein shall have
the meaning ascribed to such terms in the Common Terms Agreement. Each Party agrees that the provisions of Sections 5.1 (Amendments), 5.2 (Entire Agreement), 5.3 (Applicable Law; Jurisdiction) (other than 5.3(a) (Governing
Law)), 5.7 (Counterparts; Effectiveness), 5.8 (No Waiver, Cumulative Remedies), 5.10 (Notices and Other Communication) and 5.11 (Severability) of the Common Terms Agreement are incorporated in this Agreement as if
such provisions were set out, mutatis mutandis, in this Agreement. 
 [SIGNATURES APPEAR ON THE FOLLOWING PAGES] 

  
 A- 2 

 IN WITNESS WHEREOF, each of the undersigned has executed this Agreement under seal as of the
[__] day of [____], 20[__]. 
  

			
	[_____________]
		
	By:	 	              

	Name:	 	  

	Title:	 	  

  
 A- 3 

			
	Accepted and agreed to as of the date first written above:
	
	[__________________], as Common Security Trustee
		
	By:	 	          

	Name:
	Title:
	
	[__________________], as Accounts Bank
		
	By:	 	              

	Name:
	Title:

  
 A- 4 

 ANNEX A 

CLOSING DATE CONSENTS 
  

	1.	 Consent of EPC Contractor with respect to the Stage 1 EPC Contract. 

 

	2.	 Consent of Bechtel Global Energy, Inc. with respect to its guaranty of the obligations of the EPC
Contractor under the Stage 1 EPC Contract. 

  

	3.	 Consent of EPC Contractor with respect to the Stage 2 EPC Contract. 

 

	4.	 Consent of Bechtel Global Energy, Inc. with respect to its guaranty of the obligations of the EPC
Contractor under the Stage 2 EPC Contract. 

  

	5.	 Consent of EPC Contractor with respect to the Stage 3 EPC Contract. 

 

	6.	 Consent of Bechtel Global Energy, Inc. with respect to its guaranty of the obligations of the EPC
Contractor under the Stage 3 EPC Contract. 

  

	7.	 Consent of BG with respect to the BG FOB Sale and Purchase Agreement. 

 

	8.	 Consent of BG Energy Holdings Limited with respect to its guaranty of the obligations of BG under the BG
FOB Sale and Purchase Agreement. 

  

	9.	 Consent of GN with respect to the GN FOB Sale and Purchase Agreement. 

 

	10.	 Consent of Gas Natural SDG S.A. with respect to its guaranty of the obligations of GN under the GN FOB
Sale and Purchase Agreement. 

  

	11.	 Consent of KoGas with respect to the KoGas FOB Sale and Purchase Agreement. 

 

	12.	 Consent of GAIL with respect to the GAIL FOB Sale and Purchase Agreement. 

 

	13.	 Consent of Centrica with respect to the Centrica FOB Sale and Purchase Agreement. 

 

	14.	 Consent of Centrica Plc with respect to its guaranty of the obligations of Centrica under the Centrica
FOB Sale and Purchase Agreement. 

  

	15.	 Consent of Total with respect to the Total FOB Sale and Purchase Agreement. 

 

	16.	 Consent of Total S.A. with respect to its guaranty of the obligations of Total under the Total FOB Sale
and Purchase Agreement. 

  

	17.	 Consent of the Manager with respect to the Management Services Agreement. 

 

	18.	 Consent of the Operator and Cheniere LNG O&M Services, LLC with respect to the O&M Agreement.

  

	19.	 Consent of SPLNG with respect to the Sabine Pass TUA. 

  
 Annex A - 1 

	20.	 Consent of SPLNG and Cheniere Energy Investments, LLC with respect to the Terminal Use Rights Assignment
and Agreement. 

  

	21.	 Consent of SPLNG with respect to the Cooperation Agreement. 

 

	22.	 Consent of Transcontinental Gas Pipe Line Company, LLC with respect to the Transco Precedent Agreement.

  

	23.	 Consent of Kinder Morgan Louisiana Pipeline LLC with respect to the Kinder Morgan Precedent Agreement.

  

	24.	 Consent of Columbia Gulf Transmission, LLC with respect to the Columbia Gulf Precedent Agreement.

  

	25.	 Consent of the City of Port Arthur with respect to the Water Agreement. 

 

	26.	 Consent of Cheniere Marketing, LLC with respect to the CMI LNG Sale and Purchase Agreement.

  

	27.	 Consent of ConocoPhillips Company with respect to the Stage 1 ConocoPhillips License Agreement and the
Stage 2 ConocoPhillips License Agreement. 

  

	28.	 Consent of ConocoPhillips Company with respect to the Stage 3 ConocoPhillips License Agreement.

  

	29.	 Consent of Total Gas & Power North America, Inc. with respect to the Total TUA Assignment
Agreements. 

  

	30.	 Consent of EQT Energy, LLC with respect to the EQT Natural Gas Sale and Purchase Agreement.

  

	31.	 Consent of Cheniere Marketing International LLP with respect to the Cheniere Marketing LNG Sale and
Purchase Agreement. 

  

	32.	 Consent of GE Oil & Gas, Inc. with respect to the GE Contractual Service Agreement.

  

	33.	 Estoppel certificate of Crain Lands, LLC with respect to that certain real property lease agreement
between Crain Lands, LLC, as lessor, and the Borrower, as lessee, dated December 5, 2011. 

  

	34.	 Estoppel certificate of Crain Lands, LLC with respect to that certain real property lease agreement
between Crain Lands, LLC, as lessor, and the Borrower, as lessee, dated November 1, 2011. 

  

	35.	 Estoppel certificate of SPLNG with respect to that certain real property
sub-lease agreement between SPLNG, as sub-lessor, and the Borrower, as sub-lessee, dated June 11, 2012.

  
 Annex A - 2 

	36.	 Reaffirmation of Non-Disturbance and Attornment Agreement, by
and among the Borrower, SPLNG and Crain Lands, LLC with respect to the Sub-lease Agreement, dated June 11, 2012. 

  

	37.	 Estoppel certificate of SPLNG with respect to that certain real property
sub-lease agreement between SPLNG, as sub-lessor, and the Borrower, as sub-lessee, dated June 25, 2015.

  

	38.	 Non-Disturbance and Attornment Agreement, by and among the
Borrower, SPLNG and Crain Lands, LLC with respect to the Sub-lease Agreement, dated as of June 25, 2015. 

  

	39.	 The Service Agreement, between the Borrower and Cheniere Creole Trail Pipeline, L.P., dated
March 11, 2015. 

  
 Annex A - 3EX-10.3

 Exhibit 10.3 

Execution Version 
  

 
  

THIRD AMENDED AND RESTATED ACCOUNTS AGREEMENT 

Dated as of March 19, 2020 

among 
 SABINE PASS
LIQUEFACTION, LLC, 
 as Borrower 

THE SUBSIDIARIES OF THE BORROWER PARTY HERETO FROM TIME TO TIME 

SOCIÉTÉ GÉNÉRALE, 

as Common Security Trustee 
 and

 CITIBANK, N.A., 
 as
Accounts Bank 

 TABLE OF CONTENTS 

 

							
	 	  	Page	 
		
	 ARTICLE I DEFINED TERMS
	  	 	5	 
			
	 Section 1.01.
	  	Defined Terms	  	 	5	 
	 Section 1.02.
	  	Common Terms Agreement Defined Terms	  	 	8	 
	 Section 1.03.
	  	Principles of Interpretation	  	 	8	 
	 Section 1.04.
	  	UCC Terms	  	 	8	 
	 Section 1.05.
	  	Accounting and Financial Determinations	  	 	8	 
	 Section 1.06.
	  	Divisions	  	 	8	 
	 Section 1.07.
	  	Exchange Rates; Currency Equivalents	  	 	8	 
		
	 ARTICLE II ESTABLISHMENT AND ADMINISTRATION OF ACCOUNTS
	  	 	9	 
			
	 Section 2.01.
	  	Establishment of Accounts	  	 	9	 
	 Section 2.02.
	  	Event of Default	  	 	11	 
	 Section 2.03.
	  	Permitted Investments	  	 	11	 
	 Section 2.04.
	  	Monies Received by the Loan Parties	  	 	14	 
	 Section 2.05.
	  	Books of Account; Statements	  	 	14	 
	 Section 2.06.
	  	Adequate Instruction; Sufficiency of Funds	  	 	14	 
		
	 ARTICLE III SECURITY AND RELATED PROVISIONS; SECURITIES INTERMEDIARY
	  	 	15	 
			
	 Section 3.01.
	  	Securities Accounts; Deposit Accounts; the Accounts Bank	  	 	15	 
	 Section 3.02.
	  	Certain Rights and Powers in Respect of Accounts and Funds	  	 	17	 
	 Section 3.03.
	  	Security Interest	  	 	19	 
	 Section 3.04.
	  	Perfection; Further Assurances	  	 	20	 
	 Section 3.05.
	  	Other Liens; Adverse Claim	  	 	20	 
	 Section 3.06.
	  	Duties and Certain Rights of the Accounts Bank	  	 	21	 
	 Section 3.07.
	  	Remedies	  	 	27	 
		
	 ARTICLE IV WITHDRAWAL AND TRANSFER PROCEDURES
	  	 	28	 
			
	 Section 4.01.
	  	Maintenance of Funds in Accounts; Withdrawals	  	 	28	 
	 Section 4.02.
	  	Company Access to Accounts	  	 	28	 
		
	 ARTICLE V APPLICATION OF FUNDS
	  	 	29	 
			
	 Section 5.01.
	  	Equity Proceeds Account	  	 	29	 
	 Section 5.02.
	  	Construction Account	  	 	29	 
	 Section 5.03.
	  	Revenue Account	  	 	30	 
	 Section 5.04.
	  	Operating Account	  	 	32	 
	 Section 5.05.
	  	Debt Payment Account	  	 	32	 
	 Section 5.06.
	  	Debt Service Reserve Accounts	  	 	32	 

							
	 Section 5.07.
	  	Insurance/Condemnation Proceeds Account	  	 	34	 
	 Section 5.08.
	  	Distribution Account	  	 	34	 
	 Section 5.09.
	  	Additional Proceeds Account	  	 	34	 
	 Section 5.10.
	  	Transfers pursuant to this Article V	  	 	34	 
		
	 ARTICLE VI TERMINATION OF AGREEMENT
	  	 	35	 
		
	 ARTICLE VII MISCELLANEOUS
	  	 	35	 
			
	 Section 7.01.
	  	Amendments, Etc.	  	 	35	 
	 Section 7.02.
	  	Applicable Law; Jurisdiction; Etc.	  	 	35	 
	 Section 7.03.
	  	Fees, Costs and Expenses	  	 	37	 
	 Section 7.04.
	  	Counterparts; Effectiveness	  	 	37	 
	 Section 7.05.
	  	No Waiver; Cumulative Remedies	  	 	38	 
	 Section 7.06.
	  	Notices and Other Communications	  	 	38	 
	 Section 7.07.
	  	Patriot Act Notice	  	 	38	 
	 Section 7.08.
	  	Reinstatement	  	 	38	 
	 Section 7.09.
	  	Severability	  	 	39	 
	 Section 7.10.
	  	Successions and Assignments	  	 	39	 
	 Section 7.11.
	  	Survival	  	 	39	 
	 Section 7.12.
	  	Time	  	 	39	 
	 Section 7.13.
	  	Waiver of Consequential Damages, Etc.	  	 	39	 
	 Section 7.14.
	  	Subsidiaries	  	 	40	 
	 Section 7.15.
	  	Amendment and Restatement	  	 	40	 
	 Section 7.16.
	  	Electronic Execution of Assignments and Certain Other Documents	  	 	40	 

  

			
	SCHEDULE	  	
		
	 Schedule 7.06
	  	Notice Information
		
	EXHIBITS	  	
		
	 Exhibit A
	  	Wire Information
	 Exhibit B
	  	Restricted Payment Certificate

  
 ii 

 This THIRD AMENDED AND RESTATED ACCOUNTS AGREEMENT (this “Agreement”),
dated as of March 19, 2020, by and among SABINE PASS LIQUEFACTION, LLC, a limited liability company organized and existing under the laws of the State of Delaware (the “Borrower”), each SUBSIDIARY OF THE BORROWER that is a
party to this Agreement from time to time in accordance with the terms of this Agreement (the “Subsidiary Guarantors,” and together with the Borrower, the “Loan Parties”); SOCIÉTÉ
GÉNÉRALE, in its capacity as common security trustee for the Secured Parties (together with its successors, designees and assigns in such capacity, the “Common Security Trustee”) and CITIBANK, N.A., a national banking
association organized and existing under the laws of the United States of America, acting through its Agency & Trust Division (“Citibank”), in its capacity as successor depositary agent, bank and securities intermediary (in
such capacities, and together with its successors, designees and assigns in such capacities, the “Accounts Bank”). 

RECITALS 
 WHEREAS, the
Borrower owns and operates a natural gas liquefaction facility (including associated infrastructure) located in Cameron Parish, Louisiana for the production of LNG and other Services, as the same may be expanded, modified or otherwise changed in
accordance with the applicable Senior Debt Instruments; 
 WHEREAS, the Borrower, the Secured Debt Holder Group Representatives party
thereto, the Secured Hedge Representatives party thereto, the Secured Gas Hedge Representatives party thereto, the Common Security Trustee and the Intercreditor Agent entered into that certain Second Amended and Restated Common Terms Agreement,
dated as of June 30, 2015 and as amended by the Omnibus Amendment, dated as of September 24, 2015, the Administrative Amendment, dated as of December 31, 2015, the Second Omnibus Amendment and Waiver, dated as of January 20,
2017, the Amendment to the Common Terms Agreement, dated as of January 20, 2017, the Third Omnibus Amendment, dated as of May 23, 2018, the Fourth Omnibus Amendment, dated as of September 17, 2018 and the Fifth Omnibus Amendment,
Consent and Waiver, dated as of May 29, 2019 (as further amended, restated, amended and restated and otherwise modified from time to time prior to the date hereof, the “Second Amended and Restated Common Terms
Agreement”), that set out certain provisions regarding, among other things, common representations and warranties of the Borrower, common covenants of the Borrower, and common Events of Default under certain of the Secured Debt Instruments
(as defined in the Second Amended and Restated Common Terms Agreement); 
 WHEREAS, the Borrower, the Secured Debt Holder Group
Representatives party thereto, the Secured Hedge Representatives party thereto, the Secured Gas Hedge Representatives party thereto, the Common Security Trustee and the Intercreditor Agent entered into that certain Second Amended and Restated
Intercreditor Agreement dated as of June 30, 2015 (as so amended and restated, and as further amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), that, among other things,
governs the relationship among the Secured Parties and regulates the claims of the Secured Parties against the Borrower and the enforcement by the Secured Parties of the Security, including the method of voting and decision making, and the
appointment of the Intercreditor Agent for the purposes set forth therein; 

  
 3 

 WHEREAS, the Borrower, the Common Security Trustee and BBVA USA (f/k/a Compass Bank D.B.A.
BBVA Compass), as the predecessor Accounts Bank (the “Original Accounts Bank”) entered into that certain Second Amended and Restated Accounts Agreement, dated as of June 30, 2015 and as amended by the Second Omnibus Amendment
and Waiver, dated as of January 20, 2017, the Stage 4 EPC Contract, Stage 4 ConocoPhillips License Agreement, ANR Precedent Agreement Consent, dated as of November 7, 2018, and the Fifth Omnibus Amendment, Consent and Waiver, dated as of
May 29, 2019 (as so amended and restated, the “Second Amended and Restated Accounts Agreement”), pursuant to which, among other things, the Borrower granted the Common Security Trustee, for the benefit of the Secured Parties, a
perfected first priority interest in the Accounts (as defined in the Second Amended and Restated Accounts Agreement) and in all financial assets held therein or credited thereto and all proceeds thereof (subject only to Permitted Liens (as defined
in the Second Amended and Restated Common Terms Agreement)); 
 WHEREAS, the Borrower, the applicable Secured Debt Holders and the
applicable Secured Debt Holder Group Representatives have entered, or may enter, into various Secured Debt Instruments under which the Secured Debt Holders have agreed, or may agree, upon and subject to the terms of each such Secured Debt
Instrument, to provide Secured Debt to the Borrower; 
 WHEREAS, the Borrower, the applicable Secured Hedging Parties and the applicable
Secured Hedge Representatives have entered, or may enter, into various Secured Hedge Instruments in order for the Borrower to hedge interest rate exposure under Secured Debt; 

WHEREAS, the Borrower, the applicable Gas Hedge Providers and the applicable Secured Gas Hedge Representatives have entered, or may enter,
into various Secured Gas Hedge Instruments in order for the Borrower to hedge natural gas pricing risk; 
 WHEREAS, the Borrower,
subsidiaries of the Borrower party thereto from time to time, the Secured Debt Holder Group Representatives party thereto, the Secured Hedge Representatives party thereto, the Secured Gas Hedge Representatives party thereto, the Common Security
Trustee and the Intercreditor Agent are entering into a Third Amended and Restated Common Terms Agreement, to be dated on or about the date of this Agreement (the “Common Terms Agreement”), in order to amend and restate the Second
Amended and Restated Common Terms Agreement; 
 WHEREAS, the Borrower, the Original Accounts Bank, and Citibank entered into that certain
Resignation, Appointment and Acceptance Agreement, dated as of October 21, 2019 (“Resignation, Appointment and Acceptance Agreement”), pursuant to which the Original Accounts Bank assigned and transferred all of its rights,
powers, privileges and duties as Accounts Bank under the Second Amended and Restated Accounts Agreement to Citibank, as successor Accounts Bank; 

WHEREAS, the Borrower, the Common Security Trustee and the Accounts Bank are entering into this Agreement in order to amend and restate the
Second Amended and Restated Accounts Agreement and to grant to the Common Security Trustee, for the benefit of the Secured Parties, a perfected first priority security interest in the Accounts and in all financial assets held therein or credited
thereto and all proceeds thereof (subject only to Permitted Liens); and 

  
 4 

 WHEREAS, the Accounts Bank has agreed to act as depositary agent, bank and securities
intermediary pursuant to the terms of this Agreement. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the promises contained herein, and to induce the Secured Debt Holders to enter into the Secured Debt
Instruments to which they are a party and to make the Advances and other financial accommodations contemplated thereby, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Loan Parties hereby
agree with the Common Security Trustee and the Accounts Bank, for the benefit of the Secured Parties, as follows: 
 ARTICLE I 

DEFINED TERMS 

Section 1.01. Defined Terms. The following terms when used in this Agreement, including its preamble and recitals, shall have the
following meanings: 
 “Acceptable Bank” means a bank whose long-term unsecured and unguaranteed debt is rated at least
“BBB+” (or the then-equivalent rating) by S&P and “Baa1” (or the then-equivalent rating) by Moody’s, and, in any case, with a combined capital surplus of at least one billion Dollars ($1,000,000,000). 

“Acceptable Debt Service Reserve LC” means an irrevocable, standby letter of credit issued by, or guaranteed by, an
Acceptable Bank for the benefit of the Common Security Trustee which allows the Common Security Trustee to make a drawdown of up to the Stated Amount in each of the circumstances described in Section 5.06(d) (Debt
Service Reserve Accounts). 
 “Accounts” has the meaning provided in Section 2.01(a)
(Establishment of Accounts). 
 “Accounts Bank” has the meaning provided in the Preamble to this
Agreement. 
 “Additional Debt Service Reserve Account(s)” means each Account established pursuant to
Section 2.01(c) (Establishment of Accounts). 
 “Additional Proceeds” has
the meaning provided in Section 5.09(a) (Additional Proceeds Account). 
 “Additional Proceeds Account”
has the meaning provided in Section 2.01(a) (Establishment of Accounts). 

“Agreement” has the meaning set forth in the Preamble to this Agreement. 

“Alternative Currency” means Euros, Pounds Sterling and/or Canadian Dollars or any other currency permitted by the Financing
Documents. 

  
 5 

 “Authorized Signatory” has the meaning provided in
Section 3.06(h) (Duties and Certain Rights of the Accounts Bank - Directions and Instructions to the Accounts Bank). 

“Borrower” has the meaning provided in the Preamble to this Agreement. 

“Canadian Dollars” means freely transferable lawful money of Canada (expressed in Canadian Dollars). 

“Common Security Trustee” has the meaning provided in the Preamble to this Agreement. 

“Construction Account” has the meaning provided in Section 2.01(a) (Establishment of
Accounts). 
 “Control Notice” means a written notice delivered by the Common Security Trustee (at the direction of
the Required Secured Parties) to the Accounts Bank of the occurrence and continuance of an Event of Default. 
 “Control Notice
Period” means the period commencing upon the date of delivery of a Control Notice and expiring on the date of delivery of a Control Withdrawal Notice in respect thereof. 

“Control Withdrawal Notice” has the meaning provided in Section 2.02(b) (Event of Default). 

“Debt Payment Account” has the meaning provided in Section 2.01(a) (Establishment of
Accounts). 
 “Debt Service Reserve Accounts” means the Senior Secured Notes Debt Service Reserve Account
and each Additional Debt Service Reserve Account. 
 “Distribution Account” has the meaning provided in
Section 2.01(a) (Establishment of Accounts). 
 “Equity Proceeds Account” has the meaning
provided in Section 2.01(a) (Establishment of Accounts). 
 “Excluded Insurance/Condemnation
Proceeds” has the meaning provided in Section 5.07(b) (Insurance/Condemnation Proceeds Account). 

“Expansion Construction Account” has the meaning provided in Section 2.01(a) (Establishment of Accounts).

 “Euro” means the single currency of the member states of the European Union that have the euro as its lawful currency in
accordance with legislation of the European Union relating to Economic and Monetary Union. 

  
 6 

 “Final Completion” has the meaning assigned to such term in the applicable
EPC Contract. 
 “Financial Assets” has the meaning provided in Section 3.01(c)
(Securities Accounts; Deposit Accounts; the Accounts Bank - Securities Accounts). 

“Indemnitee” has the meaning provided in Section 3.06(e) (Duties and Certain Rights of the
Accounts Bank - Indemnification and Liability). 
 “Insurance/Condemnation Proceeds Account” has the meaning
provided in Section 2.01(a) (Establishment of Accounts). 
 “Loan Party” has the
meaning provided in the Preamble to this Agreement. 
 “Monthly Date” means the last Business Day of each calendar month.

 “Operating Account” has the meaning provided in Section 2.01(a)
(Establishment of Accounts). 
 “Permitted Investments” means any Investments permitted to
be made by the Loan Parties pursuant to the terms of the Financing Documents. 
 “Pounds Sterling” means freely
transferable lawful money of the United Kingdom (expressed in Pounds Sterling). 
 “Restricted Payment Certificate” means a
Restricted Payment Certificate substantially in the form attached hereto as Exhibit B. 
 “Revenue Account” has the
meaning provided in Section 2.01(a) (Establishment of Accounts). 
 “Second Amended and
Restated Accounts Agreement” has the meaning provided in the Recitals to this Agreement. 
 “Second Amended and Restated
Common Terms Agreement” has the meaning provided in the Recitals to this Agreement. 
 “Securities Intermediary”
has the meaning provided in Section 3.01(b) (Securities Accounts; Deposit Accounts; the Accounts Bank - The Accounts Bank). 

“Senior Secured Notes Debt Service Reserve Account” has the meaning provided in Section 2.01(a)
(Establishment of Accounts). 
 “Stated Amount” has the meaning specified for such term in any Acceptable
Debt Service Reserve LC. 
 “Spot Rate” for a currency means the rate determined by the Accounts Bank to be the spot rate
given to the Accounts Bank by its associated treasury department at the time of the disbursement activity; provided that the Accounts Bank may (but shall not be obligated to) obtain such spot rate from another financial institution designated
by the Accounts Bank if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency. 

  
 7 

 “Subsidiary Guarantor” has the meaning provided in the Preamble to this
Agreement. 
 Section 1.02. Common Terms Agreement Defined Terms. Unless the context shall otherwise require, or unless
otherwise defined herein, capitalized terms used herein shall have the meanings provided in the Common Terms Agreement. 

Section 1.03. Principles of Interpretation. Unless the context shall otherwise require, or unless otherwise provided herein, this
Agreement shall be governed by the principles of interpretation in Section 1.2 (Interpretation) of the Common Terms Agreement. 

Section 1.04. UCC Terms. Unless otherwise defined herein, terms used herein that are defined in the UCC shall have the respective
meanings given to those terms in the UCC. 
 Section 1.05. Accounting and Financial Determinations. Except as otherwise
expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with Section 1.4 (Accounting and Financial Determinations) of the Common Terms Agreement. 

Section 1.06. Divisions. Any reference herein or any other Financing Document to a merger, transfer, consolidation, amalgamation,
assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a Person, or an allocation of assets to a series of a Person (or the unwinding of such a division or allocation), as if it were a merger,
transfer, consolidation, amalgamation, assignment, sale or transfer or similar term, as applicable to, of or with a separate Person. Any division of a limited liability company shall constitute a separate Person hereunder and under any other
Financing Document (and each division of any limited liability company that is a Subsidiary, Affiliate, joint venture or any other like term shall also constitute such a Person or entity). 

Section 1.07. Exchange Rates; Currency Equivalents. For any currency conversion made by the Accounts Bank under this Agreement,
the Accounts Bank shall use the Spot Rate for calculating the conversion rate. For so long as the Accounts Bank has not received a Control Notice from the Common Security Trustee, any currency conversion shall be effected pursuant to either of the
following, at the election of the Borrower: 
 (a) by the Accounts Bank within two (2) Business Days of receipt by the Accounts Bank of
written instructions from an Authorized Officer of the Borrower requesting the Accounts Bank to convert funds that have been received by the Accounts Bank in an Account from an Alternative Currency to U.S. Dollars, at the Spot Rate; provided that if
such instructions are received by the Accounts Bank later than 11:00 a.m. New York time, on a Business Day, such requested conversion shall be treated as if received on the following Business Day; or 

  
 8 

 (b) by one or more Acceptable Bank within one (1) Business Day of receipt of such
funds, upon receipt of written instructions from an Authorized Officer of the Borrower as to any requested conversion, at the rate quoted by such Acceptable Bank at the then-applicable spot rate at which the treasury of such entity would offer to
sell the applicable currency into the requested currency; provided that if such instructions are received later than 11:00 a.m. New York time, on a Business Day, such requested conversion shall be effected on the second Business Day following
receipt of such funds and instructions. 
 The expenses (including taxes payable in connection therewith) with respect to any such
conversion shall be deducted from the applicable amount received upon such conversion. The Accounts Bank may rely conclusively on the determination of the Spot Rate and shall not incur any liability for losses associated with the determination of
such rate or otherwise in connection with any currency conversion of funds in or from any Account in accordance with this Section 1.07, other than to the extent of its gross negligence or willful misconduct as determined by a final and non-appealable judgment of a court of competent jurisdiction. To the extent the Borrower elects a conversion pursuant to clause (b) above, the Borrower shall be permitted to transfer cause to be transferred
funds in an Alternative Currency or US Dollars, as applicable, to such Acceptable Bank, and the Acceptable Bank shall convert such funds to US Dollars or an Alternative Currency, as applicable, at the quoted spot rate, and transfer the converted
currency to the Borrower or to the Accounts Bank, as applicable, in each case as directed by the Borrower, within the time frame specified in clause (b) above. 

ARTICLE II 

ESTABLISHMENT AND ADMINISTRATION OF ACCOUNTS 

Section 2.01. Establishment of Accounts. 

(a) The Accounts Bank hereby agrees and confirms that it has established, or will establish on or prior to the date hereof, and will maintain
until the termination of this Agreement in accordance with Article VI (Termination of Agreement) or as otherwise expressly set forth herein, each of the following segregated, special, collateral accounts listed or described
below (each to be referred to herein by the defined term provided below, and collectively, together with any Additional Debt Service Reserve Account or other account created pursuant to Section 2.01(c) below, the
“Accounts”), in the name of the Borrower, and subject to the exclusive “control” of the Common Security Trustee pursuant to Sections 3.01(c)-(e) (Securities Accounts; Deposit Accounts; the
Accounts Bank), as applicable: 
  

							
	 Name of Account at the

Accounts Bank
	  	Account
Number	 	  	 Defined Term for Account

	 Senior Secured Notes Debt Service Reserve Account
	  	 	12496000	 	  	“Senior Secured Notes Debt Service Reserve Account”
	 Construction Account
	  	 	12367800	 	  	“Construction Account”
	 Debt Payment Account
	  	 	12367900	 	  	“Debt Payment Account”
	 Distribution Account
	  	 	12368000	 	  	“Distribution Account”    

  
 9 

							
	 Name of Account at the

Accounts Bank
	  	Account
Number	 	  	 Defined Term for Account

	 Equity Proceeds Account
	  	 	12368100	 	  	“Equity Proceeds Account”
	 Insurance/Condemnation Proceeds Account
	  	 	12368300	 	  	“Insurance/ Condemnation Proceeds Account”
	 Operating Account
	  	 	12368400	 	  	“Operating Account”
	 Revenue Account
	  	 	12368500	 	  	“Revenue Account”
	 Additional Proceeds Account
	  	 	12367700	 	  	“Additional Proceeds Account”

 (b) The Borrower may direct the Accounts Bank in writing to create, and upon receipt of such written direction,
the Accounts Bank shall create, any Additional Debt Service Reserve Account when required pursuant to the terms of any Secured Replacement Debt that provides for a “debt service reserve requirement”, and the Accounts Bank shall provide
written notice to the Borrower and the Common Security Trustee of the account number and wire instructions for such newly established Additional Debt Service Reserve Account. Each Additional Debt Service Reserve Account shall be funded in accordance
with the Financing Documents and/or pursuant to Section 5.03(b) (Revenue Account) and amounts on deposit in such Additional Debt Service Reserve Account shall be applied in accordance with the
applicable Senior Debt Instrument governing such Senior Debt; provided, that amounts on deposit in the Debt Service Reserve Accounts shall be used solely for the payments of the applicable Senior Debt for which such Account was established.

 (c) The Borrower may direct the Accounts Bank in writing to create, and upon receipt of such written direction, the Accounts Bank shall
create, additional accounts in any Loan Party’s name (as specified by the Borrower in writing) to facilitate the Borrower’s administration, operation and management of the Project (including, without limitation, creating accounts that hold
Alternative Currencies to the extent permitted by the Financing Documents) so long as the intended purpose and use of any such account shall not be inconsistent with the terms of any Financing Document, and such accounts shall be subject to the
terms hereof (including that they shall be pledged as Collateral hereunder). Without the consent of any Lender (as defined in the Working Capital Facility Agreement) or any other Secured Party, at the request of the Borrower, the parties hereto
shall enter into an amendment to this Agreement solely to establish any Account described in this Section 2.01(c) (Establishment of Accounts) and to provide for deposits into and disbursements from any such account provided that
such amendment shall not affect the priority of payments under Section 5.03(b). The Accounts Bank shall provide written notice to the Loan Parties and the Common Security Trustee of the account number and wire instructions for such newly
established Account. 
 (d) Wire instructions for each of the Accounts, the Senior Facility Agent and the Common Security Trustee are set
forth on Exhibit A attached hereto (as such Exhibit may be updated from time to time by any such Person by written notice to each other party hereto). 

  
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 Section 2.02. Event of Default. 

(a) Subject to the Intercreditor Agreement, during a Control Notice Period, at the election of the Common Security Trustee, and without
limiting the Common Security Trustee’s or any other Secured Party’s rights or remedies herein or under any of the other Financing Documents (including the Security Agreement), (i) the Common Security Trustee shall have the right (but not
the obligation, unless instructed pursuant to the Intercreditor Agreement) hereunder and pursuant to the Security Agreement to direct the Accounts Bank in writing to administer the Accounts and disburse funds therefrom (and, upon the exercise of
such right, the Accounts Bank shall comply with any such written direction), and (ii) the Accounts Bank shall execute and deliver (or cause to be executed and delivered) to the Common Security Trustee all proxies and other instruments as the
Common Security Trustee may reasonably request in writing hereunder or pursuant to the Security Agreement for the purpose of enabling the Common Security Trustee (on behalf of the Secured Parties) to exercise any voting or other consensual rights
pertaining to the Accounts and the funds therein, which rights the Common Security Trustee shall exercise in accordance with the Intercreditor Agreement. 

(b) Notwithstanding anything to the contrary in this Agreement and without limiting anything set forth in clause (a) above, from and after
the delivery to the Accounts Bank of a Control Notice and until such time as the Accounts Bank receives written notice from the Common Security Trustee that the Event of Default identified in such Control Notice no longer exists and such Control
Notice has been revoked (such notice of revocation, a “Control Withdrawal Notice”) (which the Common Security Trustee shall promptly deliver following the date such Event of Default no longer exists), the Accounts Bank shall not
accept any instructions or certificates from the Borrower and shall only withdraw or transfer amounts in the Accounts at the written direction or with the written consent of the Common Security Trustee. The Common Security Trustee shall deliver a
copy of each Control Notice to the Borrower, which copy shall not be required for effectiveness of such Control Notice. 

Section 2.03. Permitted Investments. 

(a) Directing the Making of Investments. Any cash held in Accounts maintained hereunder may be invested in Permitted Investments from
time to time by the Accounts Bank at the expense and risk of the Borrower (a) as directed in writing by the Borrower at any time other than during a Control Notice Period (which may be in the form of a standing instruction and shall specify the
particular investment to be made, including any standing instructions existing on or prior to the date hereof under the Second Amended and Restated Accounts Agreement), and (b) as directed in writing by the Common Security Trustee during any
Control Notice Period; provided, however, that the Accounts Bank’s obligation to invest such amounts is conditioned upon receipt by the Accounts Bank of a valid Form W-9 of the Internal
Revenue Service of the United States of America in accordance with Section 2.03(c) (Permitted Investments- Earnings) and shall be subject in each case to the availability of any such investment with the
Accounts Bank. The Accounts Bank shall not have any obligation to invest or reinvest funds held in any Account on any day to the extent that the Accounts Bank has not received written instructions from the Borrower or, during a Control Notice
Period, the Common Security Trustee, on or prior to 11:00 a.m. New York City time. Instructions received after 11:00 a.m. New York City time will be deemed received the next Business Day. Absent written instructions from the Borrower or the 

  
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 Common Security Trustee (during a Control Notice Period), the Accounts Bank shall not invest the amounts
held in the Accounts (it being acknowledged that, as of the date of this Agreement, standing instructions from the Borrower to the Accounts Bank for the Accounts established pursuant to the Resignation, Appointment and Acceptance Agreement are in
effect). The right of the Borrower or the Common Security Trustee, as applicable, to direct the manner of investment includes, but is not limited to, the right (i) to direct the Accounts Bank to sell any Permitted Investment or hold it until
maturity, (ii) upon any sale of any Permitted Investment, to direct the Accounts Bank to reinvest the proceeds thereof, plus any interest received by the Accounts Bank thereon, in Permitted Investments or to hold such proceeds and
interest for application pursuant to the terms of this Agreement, and (iii) to exercise any voting rights with respect to any Permitted Investment. No Secured Party shall have any liability for any loss resulting from the making or liquidation
of any such investment other than any such loss caused solely by such Secured Party’s willful misconduct or gross negligence as determined by a final and non-appealable judgment of a court of competent
jurisdiction. It is agreed and understood that the Accounts Bank may earn fees associated with the investments outlined above in accordance with the terms of such investments. In no event shall the Account Banks be deemed an investment manager or
adviser in respect of any selection of any investments hereunder. It is understood and agreed that the Account Banks is permitted to receive additional compensation that could be deemed to be in its economic self-interest for (i) serving as
investment adviser, administrator, shareholder servicing agent, custodian or sub custodian with respect to certain of the investments, (ii) using affiliates to effect transactions in certain investments and (iii) effecting transactions in
investments. 
 (b) Application of Permitted Investments. Any Permitted Investments purchased upon the direction of the Borrower or
the Common Security Trustee, as the case may be, under the provisions of this Agreement by the Accounts Bank shall be deemed at all times to be a part of the Account from which funds were withdrawn in order to acquire the Permitted Investment and
shall be deemed to constitute funds on deposit in and credited to such Account, and the income or interest received and gains realized in excess of losses suffered by an Account due to the investment of funds deposited therein shall be (i) in
the case of the Debt Payment Account, transferred to the Revenue Account, and (ii) in the case of each other Account, credited and retained in the particular Account in respect of which the Permitted Investment was purchased, except as
expressly provided by the terms hereof. Any loss shall be charged to the applicable Account. 
 (c) Earnings. All earnings on funds in
any Account maintained hereunder shall be for the account of the applicable Loan Party, and shall be reported accordingly by such Loan Party to any federal, state or local taxing authority to the extent required by Applicable Law. The Accounts Bank
does not have any interest in the funds held in the Accounts deposited hereunder but is serving as bank and securities intermediary only and having only possession thereof. Any payment of income from the Accounts shall be subject to reporting and
withholding regulations then in force with respect to United States taxes. Each Loan Party shall provide the Accounts Bank with its taxpayer identification number, documented by an appropriate executed Form
W-9, upon execution of this Agreement. The Form W-9 shall, to the extent necessary, be renewed by such Loan Party as required by the Internal Revenue Service of the
United States of America and provided to the Accounts Bank. The Accounts Bank shall be entitled to rely on an opinion of legal counsel (which may be counsel of the Borrower) in connection with the reporting of any earnings with respect hereto;
provided it is understood that the Accounts Bank shall only be responsible for U.S. federal income reporting with respect to income earned on the Accounts. In no event shall the Accounts Bank be liable or responsible for the payment of taxes on any
income earned on the Accounts. 

  
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 (d) Liquidation of Investments for Distributions. If and when cash is required for
the making of any transfer in accordance with Article IV (Withdrawal and Transfer Procedures), the Borrower or, as applicable, the Common Security Trustee, shall cause Permitted Investments to be sold or otherwise liquidated as and to the
extent necessary in order to make such transfers required pursuant to Article IV (Withdrawal and Transfer Procedures). To the extent that the Borrower’s failure to cause any Permitted Investment to be sold or otherwise liquidated in
accordance with this Section 2.03(d) would result in a failure to make any transfer in accordance with Article IV (Withdrawal and Transfer Procedures), the Accounts Bank is hereby authorized and directed to liquidate such Permitted
Investment (without regard to maturity) in order to make or cause to be made any transfer required by any provision contained in Article IV (Withdrawal and Transfer Procedures). Subject to the Intercreditor Agreement, upon the
occurrence and during the continuance of an Event of Default, the Common Security Trustee is hereby authorized to direct the Accounts Bank to liquidate or direct the liquidation of any Permitted Investment (without regard to maturity) in
order to make or cause to be made any application required by any provision contained in Article V (Application of Funds), Section 2.02 (Event of Default) or
Section 3.07 (Remedies). None of the Accounts Bank, the Common Security Trustee or any other Secured Party shall in any way be liable for the diminution of value of any Permitted Investments made
pursuant to this Agreement or for any costs, losses, fees, taxes, penalties or other charges incurred in connection with any investment, including losses due to early liquidation or market risk, which are a result of the liquidation of any Permitted
Investment, except to the extent resulting from the gross negligence or willful misconduct of the Common Security Trustee or the Accounts Bank, as the case may be, as determined by a final and non-appealable
judgment of a court of competent jurisdiction. 
 (e) Value of Permitted Investments. Permitted Investments credited to any Account
shall be valued at their then-current market value. 
 (f) Security Interest in Permitted Investments. Whenever the Accounts Bank
purchases a Permitted Investment represented or evidenced by certificates or instruments capable of possession, the Accounts Bank shall notify the Common Security Trustee in writing of such purchase and hold such Permitted Investments as bailee on
behalf of the Common Security Trustee. Whenever the Account Banks purchases a Permitted Investment not represented or evidenced by certificates or instruments capable of possession, the Accounts Bank shall credit such Permitted Investment to the
applicable Account, and the Borrower shall notify the Common Security Trustee in writing of such directed purchase and, upon the request of the Common Security Trustee, the Accounts Bank will deliver such information to the Common Security Trustee
as may be reasonably necessary to enable the Common Security Trustee to take all necessary action, including giving confirmations and notices to record the Common Security Trustee’s interest therein, as required by the UCC to perfect a first
priority security interest therein (subject to Permitted Liens) for the benefit of the Common Security Trustee (on behalf of the Secured Parties). Without limiting the foregoing, whenever the Accounts Bank purchases a Permitted Investment which is a
certificate of deposit, the Accounts Bank shall simultaneously or promptly thereafter notify the issuer of the certificate of deposit in writing as follows: Société Générale, as the Common Security Trustee for the Secured
Parties, has a security interest in and pledge of the certificate(s) of deposit being purchased this day by Citibank, N.A., as the Accounts Bank and bailee on behalf of the Common Security Trustee and the other Secured Parties. 

  
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 Section 2.04. Monies Received by the Loan Parties. In the event that any Loan
Party receives any Cash Flows, equity contributions, Insurance Proceeds, Condemnation Proceeds or other amounts that in each case are required by the terms hereof or any Financing Document to be deposited into any Account, such Loan Party shall
without any notice or demand whatsoever, promptly deliver the same to the Accounts Bank for application in accordance with the terms of this Agreement and the Common Terms Agreement. No amount held in any Account maintained hereunder shall be
disbursed except in accordance with the provisions of this Agreement. 
 Section 2.05. Books of Account; Statements. The
Accounts Bank shall maintain records of all deposits into and transfers to and from the Accounts and all investment transactions effected by the Accounts Bank pursuant to the terms hereof, and any such recordation shall constitute prima facie
evidence of the information recorded. No later than the tenth (10th) Business Day of each month after the date hereof, the Accounts Bank shall deliver to the Borrower and, if an Event of Default has occurred and is continuing, to the Common Security
Trustee (and the Common Security Trustee shall then deliver a copy to each Secured Debt Holder Group Representative), a statement setting forth the transactions in each Account during the preceding month (including deposits, withdrawals and
transfers from and to such Account) and specifying the investment income received and other amounts held in each such Account at the close of business on the last Business Day of the preceding month. In addition, the Accounts Bank shall promptly
respond (during normal business hours) to requests by the Common Security Trustee and the Borrower for information regarding deposits, investments and transfers into, in respect of and among Accounts and balances in the Accounts. The Accounts Bank
shall provide the Common Security Trustee and the Borrower with online access to review all account activities of the Accounts (subject, in each case, to any customary registration requirements of the Accounts Bank). 

Section 2.06. Adequate Instruction; Sufficiency of Funds. 

(a) Notwithstanding anything to the contrary contained in this Agreement, in the event that the Accounts Bank receives any monies in respect of
any Loan Party or the Project without adequate instruction as to the Account into which such monies are to be deposited, the Accounts Bank shall promptly deposit such monies into (i) on or prior to the Project Completion Date, the Construction
Account (for purposes of this sentence, the Project Completion Date shall be deemed to have occurred at such time as the Common Security Trustee so notifies the Accounts Bank in writing, which notice the Common Security Trustee shall promptly
deliver upon the occurrence of the Project Completion Date, in accordance with the Common Terms Agreement), and (ii) thereafter, the Revenue Account, keeping such records as may be necessary to adequately distinguish such monies from other funds
held in such Account, and shall immediately thereafter notify the Borrower and the Common Security Trustee of the receipt of such monies. Upon written instruction from the Borrower (other than during a Control Notice Period) or the Common Security
Trustee (during a Control Notice Period), the Accounts Bank shall transfer (if applicable) any such monies to the corrected Account specified by the Borrower or the Common Security Trustee (as the case may be) in a written notice delivered to the
Accounts Bank. 

  
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 (b) Notwithstanding anything to the contrary contained in this Agreement, to the extent that
there are insufficient funds in the relevant Account to make a payment, transfer or withdrawal requested from such Account, the Accounts Bank shall promptly notify the Common Security Trustee and the Borrower of such deficiency. In such event, the
Accounts Bank shall make such payment, transfer or withdrawal to the extent of the available funds in the specified Account unless it has received, by 5:00 pm New York City time on the date of the requested payment, transfer or withdrawal from any
Account, written instructions not to make such payment from the Common Security Trustee (during a Control Notice Period) or the Borrower (other than during a Control Notice Period). 

(c) The Common Security Trustee and the Accounts Bank (but only at the direction of the Common Security Trustee in the case of clause
(iv) below) shall have the right, but not the obligation (unless, in the case of the Common Security Trustee, instructed pursuant to the Intercreditor Agreement), to (i) supply any missing endorsements of any Loan Party that are not
supplied after a written request therefor by the Common Security Trustee and to pay and charge items payable by the Accounts Bank pursuant to and in accordance with Article V (Application of Funds); (ii) refuse to
honor any check drawn on any Account which conflicts with this Agreement or the Common Terms Agreement, or which has been improperly filled out or endorsed; (iii) remit copies of checks and other items related to the Accounts with
statements instead of the originals which may be retained by the Accounts Bank; and (iv) pay Obligations and amounts under the Material Project Documents (x) owing and past due and (y) in the case of amounts under the Material Project
Documents, not subject to a good faith dispute with respect to which appropriate proceedings have been timely instituted. 
 ARTICLE III

 SECURITY AND RELATED PROVISIONS; SECURITIES INTERMEDIARY 

Section 3.01. Securities Accounts; Deposit Accounts; the Accounts Bank. 

(a) Acceptance of Appointment of the Accounts Bank. Citibank, N.A., is hereby appointed to act as the Accounts Bank and it hereby agrees
to act as the Accounts Bank under the express terms of this Agreement. Each of the Common Security Trustee and the Borrower hereby acknowledges that Citibank, N.A., shall act as the Accounts Bank under the express terms of this Agreement. 

(b) The Accounts Bank. The Accounts Bank, as securities intermediary (the “Securities Intermediary”) or as bank with
respect to the Accounts, hereby agrees and confirms that it has established (or will establish, if applicable) such Accounts as set forth and defined in this Agreement and shall maintain such Accounts in accordance with the terms hereof. Amounts
shall be deposited into, managed and administered, and withdrawn from each of the Accounts in strict accordance with the provisions of this Agreement. 

(c) Securities Accounts. The Securities Intermediary, each Loan Party and the Common Security Trustee agree that (i) each Account
established by the Securities Intermediary is and is intended by the parties to be maintained as a “securities account” (within the meaning of Section 8-501(a) of the UCC); (ii) the Borrower is
the “entitlement holder” (within the meaning 

  
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of Section 8-102(a)(7) of the UCC) in respect of the “financial assets” (within the meaning of
Section 8-102(a)(9) of the UCC and including cash, the “Financial Assets”) credited to the Accounts; and (iii) all Financial Assets in registered form or payable to or to the order
of and credited to any Account shall be registered in the name of the Securities Intermediary, endorsed to the Securities Intermediary or in blank or credited to another securities account maintained in the name of the Securities Intermediary and in
no case will any Financial Asset credited to any Account be registered in the name of any Loan Party, payable to the order of any Loan Party or specially endorsed to any Loan Party except to the extent the foregoing have been specially endorsed to
the Securities Intermediary or in blank and so long as the Accounts Bank’s records clearly indicate that the assets held are a part of such Account. Each item of property (including a security, security entitlement, investment property,
instrument or obligation, share, participation, interest, cash or other property whatsoever) credited to any Account shall be treated as a Financial Asset. Until this Agreement terminates in accordance with its terms, the Common Security Trustee
shall have sole “control” (within the meaning of Sections 8-106(d)(1) and (2) of the UCC) of the Borrower’s “security entitlements” (within the meaning of Section 8-102(a)(17) of the UCC) with respect to the Financial Assets credited to the Accounts, and the Accounts Bank shall make all notations in its records pertaining to the Accounts that are necessary to
reflect the security interest granted hereunder to the Common Security Trustee. All property delivered to the Securities Intermediary pursuant to this Agreement will be promptly credited to the Accounts. If, during a Control Notice Period, the
Securities Intermediary shall receive any entitlement order from the Common Security Trustee directing transfer or redemption of any Financial Asset relating to any Account in accordance with this Agreement, the Securities Intermediary shall comply
with such entitlement order without further consent by the Borrower or any other Person. The Accounts Bank hereby represents that it has not entered into, and agrees that, until the termination of this Agreement in accordance with the terms hereof,
it will not enter into, any agreement with any Person in respect of any of the Accounts pursuant to which it would agree to comply with entitlement orders, other orders or instructions made by such Person (other than this Agreement). The Securities
Intermediary’s jurisdiction (for purposes of Section 8-110(e)(1) of the UCC) is and shall continue to be the State of New York and the laws of the State of New York are applicable to all issues
specified in Article 2(1) of the Hague Convention on the Law Applicable to Certain Rights in Respect of Securities Held with an Intermediary. 

(d) Deposit Accounts. In the event that the Accounts are not considered “securities accounts” (within the meaning of Section 8-501(a) of the UCC) under any applicable Government Rule, the Accounts shall be deemed to be “deposit accounts” (within the meaning of
Section 9-102(a)(29) of the UCC), which shall be maintained with the Accounts Bank acting not as a securities intermediary but as a “bank” (within the meaning of
Section 9-102(a)(8) of the UCC). The Common Security Trustee shall be deemed the customer of the Accounts Bank, acting as “bank” for purposes of the Accounts and, as such, shall be entitled to
all the rights that customers of banks have under applicable Government Rules with respect to deposit accounts, including the right to withdraw funds from, or close, the Accounts in accordance with this Agreement. The Accounts Bank shall not have
title to the funds on deposit in the Accounts, and shall credit the Accounts with all receipts of interest, dividends and other income received on the property held in the Accounts. Until this Agreement terminates in accordance with its terms, the
Common Security Trustee shall have sole “control” (within the meaning of Sections 9-104(a)(2) and (3) of the UCC) of the Accounts. All funds delivered to the Accounts Bank pursuant to this
Agreement will be promptly credited to the Accounts. If, during a Control Notice Period, the Accounts Bank shall 

  
 16 

 receive any instruction from the Common Security Trustee directing disposition of the funds in the Accounts
in accordance with this Agreement, the Accounts Bank shall comply with such instruction without further consent by the Borrower or any other Person. The Accounts Bank hereby represents that it has not entered into, and agrees that, until the
termination of this Agreement, it will not enter into, any agreement with any other Person in respect of any of the Accounts pursuant to which it would agree to comply with instructions made by such Person (other than this Agreement). The
“bank’s” jurisdiction for purposes of Section 9-304(b)(1) of the UCC is and shall continue to be the State of New York. 

(e) Dominion and Control. In the event that the Accounts are not considered “securities accounts” or “deposit
accounts” (each as defined in the UCC) under applicable Government Rules or a security interest cannot be granted and perfected in the Accounts under the UCC, then the Accounts and all property deposited therein shall be deemed under the
dominion and control of the Common Security Trustee, and the Accounts Bank will act and will be deemed to be acting as the Common Security Trustee’s agent in respect of the Accounts for the purpose of maintaining such dominion and control for
the sole purpose of the creation and perfection of security interests in favor of the Common Security Trustee. 
 (f) Account Name
Changes. The Accounts Bank shall not change the name of, or account number for, any Account without the prior written consent of the Borrower and the Common Security Trustee, in each case, such consent not to be unreasonably withheld. 

(g) Security Interest. Notwithstanding anything to the contrary contained herein, the Common Security Trustee shall have a
first-priority perfected security interest in the Accounts and all amounts on deposit or credited thereto and all other property or collateral described herein, subject to Permitted Liens. In addition, all instructions and directions to be given
under and pursuant to this Agreement shall, until termination of this Agreement in accordance with its terms, be given solely by the Common Security Trustee or the Borrower as provided herein. 

Section 3.02. Certain Rights and Powers in Respect of Accounts and Funds. 

(a) Rights to Accounts. No Loan Party shall make, attempt to make or consent to the making of, any withdrawal or transfer from any
Account except in accordance with the terms and conditions of this Agreement. The Loan Parties shall not have any rights or powers with respect to the remittance of amounts credited to, the disbursement of credited amounts out of, or the investment
of credited amounts in, the Accounts, except to have amounts credited thereto, out of or invested in accordance with this Agreement. 
 (b)
Certain Additional Powers of the Common Security Trustee and the Accounts Bank. 
  

	 	(i)	 The Common Security Trustee and, where appropriate, the Accounts Bank will have the right, but not the
obligation (unless, in the case of the Common Security Trustee, instructed pursuant to the Intercreditor Agreement), to: 

(A) refuse any item for deposit in any Account which does not comply with the terms of this Agreement; and 

  
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 (B) refuse to honor any request for transfer from any Account which does not
comply with the terms of this Agreement. 
 If any Loan Party fails to perform any agreement contained herein within the time allotted for such performance,
the Common Security Trustee may (but is not obligated to, unless instructed pursuant to the Intercreditor Agreement) itself perform, or cause the performance of, such agreement, and the expenses of the Common Security Trustee incurred in connection
therewith shall be payable by the Borrower upon written demand, including reasonable detail of such expenses. 
  

	 	(ii)	 Each Loan Party hereby irrevocably constitutes and appoints the Common Security Trustee as such Loan
Party’s true and lawful attorney-in-fact, with full authority in the place and stead of such Loan Party and in the name of such Loan Party from time to time in the
Common Security Trustee’s discretion, during a Control Notice Period, to, subject to the terms of the Intercreditor Agreement, take any action and to execute any instrument which the Common Security Trustee may deem necessary or advisable to
accomplish the purposes of this Agreement, including: 

 (A) to ask, demand, collect, sue for, recover,
compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Accounts or the proceeds of Financial Assets held therein or credited thereto; 

(B) to receive, endorse, and collect any drafts or other instruments, documents and chattel paper, in connection with clause
(A) above; 
 (C) to file any claims or take any action or institute any proceedings which the Common Security Trustee
may deem reasonably necessary for the collection of any of the Accounts or the proceeds of Financial Assets held therein or credited thereto or otherwise to enforce the rights of the Common Security Trustee with respect to any of the Accounts or the
proceeds of Financial Assets held therein or credited thereto; and 
 (D) to perform the affirmative obligations of the Loan
Parties hereunder. 
 Each Loan Party hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this
Section 3.02(b) (Certain Rights and Powers in Respect of Accounts and Funds - Certain Additional Powers of the Common Security Trustee and the Accounts Bank) is irrevocable and coupled
with an interest. 
  

	 	(iii)	 With respect to the provisions contained in Article V (Application of Funds),
notwithstanding the absence of any Default or Event of Default, each Loan Party hereby constitutes and appoints the Common Security Trustee as the such Loan Party’s true and lawful attorney-in-fact with full authority in the place and stead of such Loan Party and in the name of such Loan Party to make the direct payments as specified and as required in such Article V
(Application of Funds), and this power of attorney shall be deemed to be a power coupled with an interest and shall be irrevocable. No further direction or authorization from any Loan Party shall be necessary to warrant or permit
the Common Security Trustee to direct such payments in accordance with the foregoing sentence and Article V (Application of Funds). 

  
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	 	(iv)	 Without limiting Section 3.03(a) (Security Interest - Grant),
the powers conferred on the Common Security Trustee hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Accounts and the proceeds of Financial Assets held therein or credited thereto and shall not impose any duty
on the Common Security Trustee to exercise any such powers. Except for the reasonable care of any Account, Financial Asset or Permitted Investment in its possession or under its control (as the case may be), the performance of its respective
obligations hereunder and the other Financing Documents, and the accounting for moneys actually received by it hereunder, the Common Security Trustee shall have no duty as to any Account or the proceeds of Financial Assets held therein or credited
thereto, or as to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any such Account or proceeds. Each of the Accounts Bank and the Common Security Trustee is required to exercise reasonable
care in the custody and preservation of any Account, Financial Asset or Permitted Investment in its possession or under its control (as the case may be); provided, however, that the Accounts Bank in any event shall be deemed to have
exercised reasonable care in the custody and preservation of any Account if it takes such action for that purpose as the Common Security Trustee reasonably requests in writing (and in accordance with the terms of this Agreement) or if the Accounts
Bank acts in accordance with the requirements of Section 3.06(c) (Duties and Certain Rights of the Accounts Bank - Degree of Care), but, notwithstanding the foregoing, the failure of the
Accounts Bank to comply with any such request of the Common Security Trustee at any time shall not in itself be deemed a failure to exercise reasonable care. Nothing in this Section 3.02 (Certain Rights and Powers in
Respect of Accounts and Funds) shall be construed as limiting the Common Security Trustee’s maintenance of “control” (within the meaning of Sections 9-104(a)(2) and (3) or
Sections 8-106(d)(1) and (2), as applicable, of the UCC) over the Accounts. 

Section 3.03. Security Interest. 

(a) Grant. To secure the timely payment in full in cash and performance in full of the Obligations, each Loan Party does hereby
collaterally assign, grant and pledge to, and grant a Lien on and a first priority security interest (subject to Permitted Liens) in favor of, the Common Security Trustee, on behalf of and for the sole and exclusive benefit of the Secured Parties
in, all the estate, right, title, interest and security entitlements of each Loan Party, whether now owned or hereafter acquired, in all Accounts and in all Financial Assets, including Permitted Investments held therein or credited thereto and all
proceeds thereof, including all rights of each Loan Party to receive moneys due in respect of all Accounts, all claims with respect to any Account, all income or gain earned in respect of the Financial Assets held in or credited to any Account, all
Cash Flows, equity contributions, Insurance Proceeds, Condemnation Proceeds, Additional Proceeds, Net Cash Proceeds, investment income earned and other amounts credited to or deposited in any Account,

  
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and all proceeds receivable or received when any Account is collected, exchanged or otherwise disposed of, whether voluntarily or involuntarily. No Loan Party shall have any rights or powers with
respect to the Accounts, the contents of the Accounts or any proceeds with respect thereto except as expressly provided in this Agreement or the other Financing Documents. 

(b) Acknowledgment. The Accounts Bank hereby acknowledges the first-priority perfected security interest (subject to Permitted Liens)
in, and the pledge by each Loan Party to the Common Security Trustee, for the benefit of the Secured Parties, of all of each Loan Party’s security entitlements to the Accounts and all Financial Assets, including Permitted Investments held
therein or credited thereto and all proceeds thereof, and the Accounts Bank will so indicate on the records maintained by the Accounts Bank with respect to the Accounts. The Accounts Bank agrees to hold all such security entitlements and Financial
Assets in its custody and in trust for the purposes of, and on the terms set forth in, this Agreement. 
 Section 3.04. Perfection;
Further Assurances. Each Loan Party agrees that from time to time it shall promptly execute and deliver all instruments and documents, and take all actions, that may be reasonably necessary, or that the Common Security Trustee may reasonably
request, in order to perfect the assignment and first-priority security interest (subject to Permitted Liens) granted or intended to be granted hereby or to enable the Common Security Trustee to exercise and enforce its rights and remedies hereunder
with respect to the Accounts, all Financial Assets held therein or credited thereto and all proceeds thereof. Without limiting the generality of the foregoing, each Loan Party shall file, and hereby authorizes the Common Security Trustee to file,
such financing or continuation statements, or amendments thereto, and shall execute and deliver such other instruments, endorsements or notices, as may be reasonably necessary or as the Common Security Trustee may reasonably request, in order to
perfect and preserve the assignments and security interests granted or purported to be granted hereby. The Accounts Bank shall not have any responsibility for the preparation, recording, filing, re-recording,
or re-filing of any financing statement, continuation statement or other instrument in any public office. 

Section 3.05. Other Liens; Adverse Claim. 

(a) The Borrower represents and warrants that, as of the Effective Date: 

 

	 	(i)	 it has not assigned any of its rights under the Accounts other than pursuant to the Financing Documents;

  

	 	(ii)	 it has not executed and there is not any effective financing statement, security agreement, control agreement
or other instrument similar in effect covering all or any part of the Accounts, except such as may have been filed in connection with this Agreement or the other Financing Documents or, with respect to such other instrument, in respect of Permitted
Liens; and 

  

	 	(iii)	 it has full power and authority to grant a security interest in and assign its right, title and interest in the
Accounts and all Financial Assets held therein or credited thereto and all proceeds thereof hereunder, subject to Permitted Liens. The Borrower represents, warrants and covenants that it has not granted, and shall not grant, to any Person (other
than the Common Security Trustee) any interest in any of the Accounts except such as may have been granted in connection with this Agreement or Permitted Liens and that it has kept, and shall keep, the Accounts free from all other Liens (other than
Permitted Liens). 

  
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 (b) The Accounts Bank represents and warrants that to its knowledge there is no Lien on any
of the Accounts other than Permitted Liens and the claims and interest of the parties as provided herein. Except as otherwise provided in Section 3.05(c) (Other Liens; Adverse Claim), in the event that the Accounts Bank has or
subsequently obtains by agreement, operation of Government Rule or otherwise a security interest in any Account or any security entitlement credited thereto other than Permitted Liens, the Accounts Bank hereby agrees that such security interest
shall be fully subordinated in payment and with respect to any right to exercise remedies to the security interest of the Common Security Trustee for the benefit of the Secured Parties. 

(c) The Accounts Bank represents and warrants on the date hereof that it has no notice of any adverse claim to the Financial Assets deposited
in or credited to the various Accounts or to security entitlements with respect thereto. If any Person asserts any Lien (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Account or in any
Financial Assets deposited in, or credited to, the various Accounts or to security entitlements with respect thereto, the Accounts Bank, upon obtaining actual knowledge thereof, will promptly notify the Common Security Trustee and the Borrower
thereof. 
 (d) The Financial Assets credited to the Accounts shall not be subject to deduction,
set-off, banker’s lien, or any other right in favor of any Person (including the Accounts Bank) other than the Common Security Trustee (except for Permitted Liens and to the extent of returned items and
chargebacks either for uncollected checks or other items of payment and transfers previously credited to one or more of the Accounts). 

Section 3.06. Duties and Certain Rights of the Accounts Bank. 

(a) General. The duties of the Accounts Bank shall be determined solely by the express provisions of this Agreement, each of which are
solely mechanical and administrative in nature, and shall not be considered fiduciary, and no implied duties, covenants, functions, responsibilities, liabilities or obligations shall be read into this Agreement or any other Financing Document or
otherwise exist against the Accounts Bank. Without limiting the generality of the foregoing, the Accounts Bank shall take all actions as the Common Security Trustee or the Borrower (only to the extent such instruction is issued in accordance with
this Agreement) shall direct it to perform in accordance with the express provisions of this Agreement. The Accounts Bank shall have the right at any time to seek instructions, or clarifications of any instructions, concerning the administration of
this Agreement from the Common Security Trustee and shall be entitled to refrain from acting unless and until it receives any such instructions or clarification that it has requested and any indemnification that it may require for any cost, loss or
liability which it may incur in complying with such instructions. 
 (b) The Accounts Bank shall not have any duty or liability (i) for
the sufficiency, correctness, genuineness or validity of any funds or securities deposited with or held by it, (ii) for preparing or filing any financing, termination or continuation statements or recording any documents or instruments in any
public office at any time or times or otherwise perfecting or 

  
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 maintaining the perfection of any security interest in the Collateral, (iii) to ascertain or inquire as
to the contents of any certificate, report or other document delivered hereunder, (iv) to make any calculations or to exercise any discretion notwithstanding any provisions herein, (v) to independently determine if any payment or funds
transfer is required to be made pursuant to this Agreement, (vi) to make any payment, funds transfer or take any action hereunder unless it is first instructed, in writing (including through any secured FTP site previously approved by the
Accounts Bank), by the proper party to make such payment, transfer or take such action, or (vii) to determine if any necessary consent is obtained or notice is given to the extent that the Account Banks is acting in accordance with written
instructions provided to it pursuant to and subject to the terms and conditions of this Agreement. 
 (c) The Accounts Bank shall not be
responsible for or have any duty to ascertain or inquire into (i) any recitals, statements, representations or warranties made by the Borrower contained in this Agreement or any other Financing Document or in any certificate, report, statement
or other document referred to or provided for in, or received by the Accounts Bank under, this Agreement or any other Financing Document, or for the adequacy, accuracy or completeness of any information supplied by the Common Security Trustee, the
Borrower or any other Person in or in connection with this Agreement or any other Financing Document, or the transactions contemplated by this Agreement or any other the Financing Document or any other agreement, arrangement or document entered
into, made or executed in anticipation of, under or in connection with this Agreement or any other Financing Document, or for inspecting the properties, books or records of the Borrower, (ii) the value of, title to or perfection of any of the
Collateral, (ii) the legality value, validity, effectiveness, genuineness, adequacy, enforceability or sufficiency of this Agreement or any other document referred to or provided for herein or therein, 

(iii) any failure by the Borrower or any other party to any Financing Document to perform its obligations hereunder or thereunder or
(iv) the perfection or priority of any Lien on the Collateral. 
 (d) The Accounts Bank shall not be required to ascertain, monitor,
confirm or inquire (i) whether or not any Default or Event of Default has occurred or (ii) whether any other event or condition specified in any Financing Document has occurred. 

(e) The Accounts Bank shall not (i) be charged with knowledge of the terms of any Financing Document to which it is not a party,
(ii) be charged with exercising remedies on behalf of the Common Security Trustee or any other party, (iii) be responsible for the compliance by any other party with the terms of the Financing Documents, or (iv) be liable or
responsible for any loss or diminution in value of any of the Collateral, by reason of any act or omission of any agent or bailee selected by the Accounts Bank in good faith and with reasonable care. 

(f) The Accounts Bank shall not (i) be required to initiate or conduct any litigation or collection proceeding hereunder in accordance
with the terms and conditions of this Agreement or under any other Security Document, or (ii) be responsible for any action taken or omitted to be taken by it hereunder in accordance with the terms hereof or in connection with any other
Financing Document (except for its own gross negligence or willful misconduct as determined by a court of competent jurisdiction in a final, non-appealable judgment). In no event shall the Accounts Bank be
liable for special, indirect consequential loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Accounts Bank has been advised of the likelihood of such loss or damage and regardless of the form of action.

  
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 (g) Whenever in the administration of this Agreement the Accounts Bank shall deem it
necessary or desirable that a factual matter be proved or established in connection with the Accounts Bank taking, suffering or omitting to take any action hereunder, such matter (unless other evidence in respect thereof is herein specifically
prescribed) may be deemed to be conclusively proved or established by a certificate of an Authorized Signatory (as defined below) of the Common Security Trustee and such certificate shall be full warrant to the Accounts Bank for any action taken,
suffered or omitted in reliance thereon. 
 (h) The Accounts Bank shall have no obligation to expend or risk its own funds or otherwise incur
any financial liability in the performance of any of its duties hereunder, and shall not be required to take any action, whether pursuant to the instructions of the Common Security Trustee or otherwise, unless and until it has received indemnity
and/or security deemed satisfactory to it in its sole discretion for any cost, loss, or liability which it may incur taking such action. 

(i) In no event shall the Accounts Bank be liable for any failure or delay in the performance of its obligations hereunder because of
circumstances beyond their control, including, but not limited to, acts of God, flood, war (whether declared or undeclared), terrorism, fire, riot, embargo, government actions, including any laws, ordinances, regulations, governmental action or the
like which delay, restrict or prohibit the providing of the services contemplated by this Agreement. The parties hereto acknowledge that in accordance with Section 326 of the USA Patriot Act the Accounts Bank like all financial institutions and
in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account. The parties agree that they
will provide the Accounts Bank with such information as either of them may request in order for the Accounts Bank to satisfy the requirements of the USA Patriot Act. 

(j) The Accounts Bank shall not be deemed to have knowledge or notice of any occurrence of any Default or Event of Default (notwithstanding any
other relationship with the Borrower, whether as shareholder, financial advisor or otherwise) unless it shall, shall have received written notice thereof. 

(k) The Accounts Bank shall be entitled to consult with and engage legal counsel, independent accountants or other experts selected by it, and
any opinion, advice or statement of such legal counsel, independent accountants or other experts shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it under this Agreement or any other
Financing Document, in each case, in good faith and reliance thereon (provided that the obligations of the Loan Parties to reimburse the Accounts Bank for any such counsel, accountants or experts shall be as set forth in
Section 7.03 (Costs and Expenses)). 
 (l) The Accounts Bank may employ a custodian, agent,
nominee or delegate to transact or concur in transacting any business and to do or concur in doing any acts required to be done by the Accounts Bank (including the receipt and payment of money). The exculpatory provisions of the preceding paragraphs
shall apply to any such custodian, agent, nominee or delegate of the Accounts Bank and any such custodian, agent, nominee or delegate, and shall apply to their respective activities as Accounts Bank. 

  
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 (m) The Accounts Bank shall have no responsibility to make any investigation into the facts
or matters stated in any notice, certificate, instrument, demand, request, direction, instruction, waiver, receipt, consent, agreement or other document or communication furnished to it under this Agreement or any other Financing Document or in
connection with the transactions contemplated herein or therein or to determine, confirm or verify the information, contents or amounts set forth therein. 

(n) For the avoidance of doubt, the provisions of this Section 3.06 (Duties and Certain Rights of
the Accounts Bank) shall survive the termination of this Agreement, the repayment of the Obligations, and the resignation or removal of the Accounts Bank, to the maximum extent permitted by Government Rule. 

(o) Negative Pledge. The Accounts Bank hereby agrees that it shall not grant any security interests in the Accounts or the Financial
Assets that it is obligated to maintain under this Agreement except as may be granted in connection with this Agreement or for Permitted Liens. 

(p) Degree of Care. The Accounts Bank shall exercise the same degree of care in administering the funds held in the Accounts and the
investments purchased with such funds in accordance with the terms of this Agreement as the Accounts Bank exercises in the ordinary course of its day-to-day business in
administering other funds and investments for its own account and as required by Government Rule. 
 (q) Reliance by Accounts Bank.
The Accounts Bank shall be entitled to conclusively rely upon and shall not be bound to make any investigation into the facts or matters stated in any certificate, or any other notice, incumbency certificate from any party hereto, or other document
(including any cable, telegram, electronic mail, facsimile or telex) believed by it to be genuine and to have been signed or sent by or on behalf of the proper Person or Persons. As to any matters not expressly provided for by this Agreement, the
Accounts Bank shall not be required or authorized to take any action or exercise any discretion, but shall, subject to the terms of this Agreement, be required to act or to refrain from acting upon written instructions of the Common Security Trustee
(during a Control Notice Period) and, except during a Control Notice Period, the Borrower (solely to the extent permitted hereunder); provided, however, that Accounts Bank shall be fully justified in failing or refusing to take any action under this
Agreement if such action would, in the sole judgment of the Accounts Bank, be contrary to Government Rule. During a Control Notice Period, the Accounts Bank shall in all cases be fully protected in acting, or in refraining from acting, under this
Agreement in accordance with a request or consent of the Common Security Trustee. Upon request by the Accounts Bank, the Common Security Trustee agrees to provide to the extent available any information that the Accounts Bank may reasonably request
in connection with the performance of its responsibilities hereunder, with a copy to the Borrower. 

  
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 (r) Indemnification and Liability. 

 

	 	(i)	 Each Loan Party hereby agrees, jointly and severally, to indemnify the Accounts Bank and its Affiliates and the
partners, directors, officers, employees, agents and advisors of such Persons and of such Persons’ Affiliates (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses,
claims, actions, suits, 

 judgments, demands, damages, liabilities and expenses and/or any withholding taxes relating to
income of the Loan Parties that is payable by Accounts Bank as a result of this Agreement (in each case, including all reasonable fees, costs and expenses of counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee
by any third party or by the Borrower arising out of, in connection with, or as a result of the execution, delivery, enforcement or performance of this Agreement or any other document referred to or provided for herein or the transactions
contemplated hereby and thereby, or any action taken or omitted by any such Indemnified Party under or in connection with any of the foregoing, including with respect to the exercise by the Accounts Bank of any of its respective rights or remedies
under this Agreement or any of the Financing Documents, and any investigation, litigation or proceeding (including any bankruptcy, insolvency, reorganization or other similar proceeding or appellate proceeding) related to this Agreement or any other
Financing Document; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, actions, suits, judgments, demands, damages, liabilities or expenses are determined by a court of competent
jurisdiction by a final and non-appealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee. 

 

	 	(ii)	 The provisions of this Section 3.06(e) (Duties and Certain Rights of
the Accounts Bank - Indemnification and Liability) shall survive the Discharge Date, or the resignation or removal of the Accounts Bank, and shall be in addition to any other rights and remedies of the
Accounts Bank. 

  

	 	(iii)	 Any amounts payable by any Loan Party pursuant to this Section 3.06(e) (Duties and
Certain Rights of the Accounts Bank - Indemnification and Liability) shall be paid no later than thirty (30) days after demand therefor, and if not paid within such period shall bear interest at the Default Rate.

 (s) Court Orders. Notwithstanding anything to the contrary herein, the Accounts Bank is hereby authorized, based
on advice of counsel, to obey and comply with all writs, orders, judgments or decrees issued by any court or administrative agency or other governmental authority affecting any Accounts. The Accounts Bank shall not be liable to any of the parties
hereto, their successors, heirs or personal representatives by reason of the Accounts Bank’s compliance with such writs, orders, judgments or decrees, notwithstanding that such writ, order, judgment or decree may later be reversed, modified,
set aside or vacated. 
 (t) Resignation and Termination. 
  

	 	(i)	 The Accounts Bank may at any time resign by giving thirty (30) days’ written notice to each other
party to this Agreement, such resignation to be effective upon the appointment of a successor Accounts Bank as provided below. Either (x) so long as no payment or bankruptcy Event of Default has occurred and is continuing, the Borrower or
(y) the Common Security Trustee (upon direction of the Required Secured Parties) may remove the Accounts Bank at any time by giving notice to each other party to this Agreement, such removal to be effective upon the appointment of a successor
Accounts Bank as provided below. 

  
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	 	(ii)	 In the event of any resignation or removal of the Accounts Bank, a successor Accounts Bank, which shall be a
bank or trust company organized under the laws of the United States of America or of the State of New York, having a corporate trust office in New York and a capital and surplus of not less than one billion Dollars ($1,000,000,000) or otherwise
acceptable to the Common Security Trustee, shall be appointed by the Common Security Trustee (and, so long as no Event of Default has occurred and is continuing, with consent of the Borrower not to be unreasonably withheld or delayed). Any such
successor Accounts Bank shall be capable of acting as a “securities intermediary” (within the meaning of Section 8-102(a)(14) of the UCC) and a “bank” (within the meaning of Section 9-102(a)(8) of the UCC) and shall deliver to each party to this Agreement a written instrument accepting such appointment and thereupon such successor Accounts Bank shall succeed to all the rights and
duties of the Accounts Bank under this Agreement and shall be entitled to receive the Accounts from the predecessor Accounts Bank. If the Accounts Bank consolidates with, merges or converts into, or transfers all or substantially all of its
corporate trust business (including this transaction) or assets to, another corporation or banking association, the resulting, surviving or transferee corporation without any further act shall be the successor Accounts Bank. If no willing successor
can be found, the Accounts Bank may (at the expense of the Borrower) appeal to a court of competent jurisdiction for one. 

  

	 	(iii)	 Upon the replacement of the Accounts Bank hereunder, all investments and other amounts held by it or credited
to Accounts pursuant to this Agreement shall be transferred to such successor Accounts Bank. In the event of the resignation or termination of the Accounts Bank, the provisions of this Section 3.06 (Duties and Certain Rights of the Accounts
Bank) shall continue in effect for the benefit of the retiring Accounts Bank in respect of any actions taken or omitted to be taken while acting as the Accounts Bank, the Accounts Bank shall be entitled to its reasonable fees and expenses in
accordance with Section 3.08 (Costs, Expenses and Attorneys’ Fees) incurred up to the time such resignation or termination becomes effective in accordance with this Section 3.06(g)
(Duties and Certain Rights of the Accounts Bank - Resignation and Termination), and the Accounts Bank shall have no responsibilities hereunder after such date and no further obligations hereunder after
such date other than any that accrue prior to such date and have not been satisfied. 

  
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 (u) Directions and Instructions to the Accounts Bank. All written directions and
instructions by the Borrower or the Common Security Trustee to the Accounts Bank pursuant to this Agreement shall be executed by an authorized signatory (each, an “Authorized Signatory”) of the Borrower or the Common Security
Trustee, as applicable, and, in the case of the Borrower, such Authorized Signatory shall be an Authorized Officer. No Person shall be deemed to be an Authorized Signatory of the Borrower or the Common Security Trustee, unless such Person is named
on a certificate of incumbency delivered to the Accounts Bank by the Borrower or the Common Security Trustee, as applicable. The Borrower and the Common Security Trustee shall deliver to the Accounts Bank a certificate of incumbency, in form and
substance satisfactory to the Accounts Bank, setting forth the names and specimen signatures of the Borrower’s and Common Security Trustee’s Authorized Signatories permitted to provide instructions hereunder to the Accounts Bank, and shall
promptly provide any changes to such certificate from time to time thereafter. The Accounts Bank shall be entitled to rely conclusively on such certificate until it receives a certificate specifically stating that it is a superseding certificate.

 Section 3.07. Remedies. Subject to the Intercreditor Agreement, during a Control Notice Period: 

(a) the Common Security Trustee may exercise in respect of the Accounts, in addition to other rights and remedies provided for herein
(including Section 2.02 (Event of Default)), in the Security Agreement, or otherwise available to it, all the rights and remedies of a secured party under the UCC at that time and consistent with the
provisions of the Common Terms Agreement, including the right to proceed to protect and enforce the rights vested in it by this Agreement, to sell, liquidate or otherwise dispose of any or all of the Accounts, and to cause the Accounts to be sold,
liquidated or otherwise disposed of, in each case in such manner as the Common Security Trustee may elect in accordance with the terms of the Financing Documents; 

(b) the proceeds of any Financial Assets credited to or held in any Account and all cash proceeds received by the Common Security Trustee in
respect of any sale of, collection from or other realization upon all or any part of the Accounts may, in the discretion of the Common Security Trustee, then or at any time thereafter, be applied in whole or in part by the Common Security Trustee
against all or any part of the Obligations in accordance with the Common Terms Agreement and the Security Agreement; 
 (c) during a Control
Notice Period, the Accounts Bank shall not honor any instruction from the Borrower directing any withdrawal or transfer from any Account, and shall honor any and all instructions solely from the Common Security Trustee with respect to any withdrawal
or transfer from the Accounts; and 
 (d) any surplus of such amounts or proceeds remaining after the Discharge Date shall be paid over to
the Borrower or, if the Common Security Trustee reasonably determines that there exists a claim against, or interest held in, such surplus by a third party, upon prior written notice to the Borrower, to a court of competent jurisdiction. No right,
power or remedy herein conferred upon or reserved to the Common Security Trustee or the other Secured Parties is intended to be exclusive of any other right, power or remedy and every such right, power and remedy shall, to the extent permitted by
Government Rule, be cumulative and in addition to every other right, power and remedy given hereunder or now or hereafter existing at Government Rule or in equity or otherwise. The assertion or employment of any right or remedy hereunder or
otherwise shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. Recourse to any or all Security now or hereafter held by the Common Security Trustee or the other Secured Parties may be taken concurrently
or successively and in one or several consolidated or independent judicial actions or lawfully taken nonjudicial proceedings, or both. 

  
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 ARTICLE IV 

WITHDRAWAL AND TRANSFER PROCEDURES 

Section 4.01. Maintenance of Funds in Accounts; Withdrawals. Until withdrawn or transferred pursuant to and in accordance with
this Agreement, all amounts deposited into any Account shall be held in such Account. All withdrawals and transfers from any Account shall be made in accordance with the provisions of this Agreement. 

Section 4.02. Company Access to Accounts. 

(a) Except during a Control Notice Period, upon receipt by the Accounts Bank of written instructions (including through any secured FTP site
previously approved by the Accounts Bank) originated by an Authorized Officer of the Borrower concerning the withdrawal, transfer or disposition of funds in the Accounts, the Accounts Bank shall make such withdrawal or transfer in accordance with
such instructions, and shall have no obligation to inquire, monitor, determine or confirm whether any such withdrawals, payments, transfers or instructions are in compliance with Article V below. During a Control Notice Period, the Accounts
Bank shall only honor instructions originated by Common Security Trustee concerning the withdrawal, transfer or disposition of funds in the Accounts, without further consent from any Loan Party, and no Loan Party shall have the right or ability to
access, withdraw or transfer funds from the Accounts. Any such transfers, withdrawals or dispositions of funds in the Accounts shall be made in accordance with the Accounts Bank’s customary withdrawal procedures relating to securities accounts
and/or deposit accounts generally. 
 (b) Any written instruction (including through the posting of any excel or other files to any secured
FTP site previously approved by the Accounts Bank) for any withdrawal or transfer from any Account permitted or required to be delivered hereunder by the Borrower shall be delivered to the Accounts Bank no later than 12:00 noon (New York City time)
on the Business Day of any withdrawal or transfer contemplated by such written instruction; provided, however, that in the event that any such instruction requires the Accounts Bank to perform any currency conversion in respect of any
Alternative Currency, such instructions must be received no later than 11:00. a.m. (New York City time) at least two (2) Business Days prior to any such withdrawal or transfer, subject, in each case, to the Accounts Bank’s internal
requirements. Any instructions received after the applicable cut-off times shall be treated as if received on the following Business Day. Such written instruction shall be in English and be delivered by
electronic mail (with any attachment in .pdf) pursuant to Section 7.06 (Notices and Other Communications) or in such other format as may be mutually agreed upon between the Borrower and the Accounts Bank (it being acknowledged that
posting of excel files to a secured FTP site designated by the Accounts Bank to the Loan Parties prior to the date hereof shall satisfy the foregoing), and shall be considered delivered upon receipt thereof. In no event shall instructions be
considered delivered hereunder if incomplete or inaccurate, or if such instructions do not otherwise meet the requirements for such instructions set forth in this Agreement. 

  
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 ARTICLE V 

APPLICATION OF FUNDS 

Section 5.01. Equity Proceeds Account. 

(a) Equity Proceeds Account. The Borrower shall cause to be deposited into the Equity Proceeds Account: (i) all Cash Flows (other
than Business Interruption Insurance Proceeds) received prior to the Project Completion Date, (ii) all cash paid to any Loan Party prior to the Project Completion Date from any direct or indirect owner of the Borrower by way of equity
contribution or subordinated shareholder loans and (iii) on or prior to the Project Completion Date, (A) Delay Liquidated Damages, (B) all other income received by or on behalf of any Loan Party (howsoever earned), revenue (howsoever
generated) and proceeds of any nature whatsoever received by such Loan Party or to which such Loan Party is entitled (including Business Interruption Insurance Proceeds pursuant to Section 5.07(e)
(Insurance/Condemnation Proceeds Account) and proceeds of Replacement Debt pursuant to the Financing Documents) that is not otherwise expressly required or permitted to be deposited into or credited to another
Account, applied directly to the Obligations or distributed as a Restricted Payment, in accordance with this Agreement and (C) all other amounts received by any Loan Party on or prior to the Project Completion Date and not required by the terms
of this Agreement to be deposited into another Account. 
 (b) Withdrawals from Equity Proceeds Account. Other than during a Control
Notice Period, the Borrower may (i) transfer and deposit the amounts on deposit in the Equity Proceeds Account to the Construction Account, the Revenue Account, the Operating Account or any other Account at the times and subject to the terms
and conditions set forth herein or (ii) use the amounts on deposit in the Equity Proceeds Account to make a Restricted Payment so long as each of the conditions to a Restricted Payment set forth in the Financing Documents are satisfied. 

Section 5.02. Construction Account. 

(a) The Borrower shall cause to be deposited into the Construction Account, from time to time, any funds withdrawn and transferred from the
Equity Proceeds Account pursuant to the provisions of Section 5.01 (Equity Proceeds Account). 

(b) Other than during a Control Notice Period, the Borrower may transfer or withdraw amounts on deposit in the Construction Account to pay
Project Costs then due and owing or becoming due and payable within the next sixty (60) days to be prepaid using the proceeds of such transfer or withdrawal. 

(c) On the Project Completion Date, the Borrower shall transfer amounts on deposit in or standing to the credit of the Construction Account in
the following order of priority: 
  

	 	(i)	 first, to remain on deposit in the Construction Account, an amount equal to the amount reasonably
anticipated by the Borrower to pay all remaining Project Costs to achieve Final Completion of Train 6 and all additional expansion trains (if any) of the Project; and 

  
 29 

	 	(ii)	 second, for deposit to the Debt Service Reserve Accounts, the amount necessary to fund each Debt
Service Reserve Account up to the amount required by the applicable Financing Documents (less the amount on deposit in or standing to the credit of such Debt Service Reserve Account (including the Stated Amount of any Acceptable Debt Service Reserve
LCs credited to such Debt Service Reserve Account)) 

  

	 	(iii)	 third, the Revenue Account. 

(d) Other than during a Control Notice Period, amounts on deposit in the Construction Account following the Project Completion Date shall be
applied by the Borrower for the payment of Project Costs to achieve Final Completion of Train 6 and all additional expansion trains (if any) of the Project. 

(e) On the date that the Borrower achieves Final Completion of Train 6 and all additional expansion trains (if any) of the Project, as
confirmed in writing to the Accounts Bank by the Borrower, at the written request of the Borrower to the Accounts Bank (with a copy to the Common Security Trustee), the Construction Account may be closed and any amounts on deposit therein
transferred to the Revenue Account. 
 Section 5.03. Revenue Account. 

(a) the Borrower shall cause to be deposited into the Revenue Account from and after the Project Completion Date: (A) all Cash Flows,
(B) all other income received by or on behalf of any Loan Party (howsoever earned), revenue (howsoever generated) and proceeds of any nature whatsoever received by any Loan Party or to which such Loan Party is entitled (including Business
Interruption Insurance Proceeds pursuant to Section 5.07(e) (Insurance/Condemnation Proceeds Account) and Delay Liquidated Damages) that is not otherwise expressly required or permitted to be deposited
into or credited to another Account, or applied directly to the Obligations, in accordance with this Agreement and (C) all amounts required to be transferred into the Revenue Account from any other Account pursuant to the terms of this
Agreement or received by any Loan Party after the Project Completion Date and not required by the terms of this Agreement to be deposited into another Account. 

(b) Subject to the last proviso of this Section 5.03(b), other than during a Control Notice Period, the Borrower
shall transfer funds on deposit in the Revenue Account (including any amounts transferred to the Revenue Account from any other Account on the applicable date as permitted hereunder) at the following times and in the following order of priority:

  

	 	(i)	 first, from time to time, either (x) for deposit to the Operating Account, in an amount not
to exceed the Operation and Maintenance Expenses currently payable or expected by the Borrower to become due during the immediately succeeding sixty (60) days, taking into account amounts on deposit in the Operating Account for such purpose
and/or (y) without duplication of any amounts transferred under clause (x), towards the payment of Operation and Maintenance Expenses currently payable; 

  
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	 	(ii)	 second, after making each applicable withdrawal and transfer above, from time to time, on a
pro rata basis to the payment of all fees, costs, charges, expenses and any other amounts (other than as specifically described below in this Section 5.03(b)) then due and owing to the Secured Parties in connection
with this Agreement and the other Financing Documents; 

  

	 	(iii)	 third, after making each applicable withdrawal and transfer above, on each Monthly Date (and on
any other date when due and payable), to (x) the Debt Payment Account; (y) the applicable Secured Parties that are owed such amounts, an amount equal to (A) the interest on and principal of the Senior Debt (other than principal of
Working Capital Debt) and (B) scheduled payments and payments of Hedge Termination Value and Gas Hedge Termination Value to be paid by the Borrower pursuant to the Interest Rate Protection Agreements and the Secured Gas Hedges, respectively, in
each case that are then due and payable or to be due and payable on the next Quarterly Payment Date; and (z) the Lenders (as defined in the Working Capital Facility Agreement) in the amounts of interest on and principal of the Working Capital
Debt that the Borrower intends or is required to pay under the Financing Documents; 

  

	 	(iv)	 fourth, after making each applicable withdrawal and transfer above, on each Monthly Date, pro
rata, for deposit to (A) the Senior Secured Notes Debt Service Reserve Account, an amount equal to the amount required to be on deposit therein pursuant to the Financing Documents, and (B) any Additional Debt Service Reserve Account in
an amount equal to the “debt service reserve requirement” established pursuant to any Senior Debt Instrument governing the applicable Senior Debt, in each case, less the amount on deposit in or standing to the credit of the applicable
Account; 

  

	 	(v)	 fifth, after making each applicable withdrawal and transfer above, on each Quarterly Payment Date
(and on any other date when due and payable), the amount necessary to repay any Permitted Indebtedness then due and payable, to make any Permitted Investments or other Investments permitted by the Financing Documents or for Capital Expenditures
permitted by the Financing Documents; 

  

	 	(vi)	 sixth, after making each applicable withdrawal and transfer above, on each Quarterly Payment Date
(and on any other date when due and payable), the amount necessary for payment into the Distribution Account to make a Restricted Payment to the Pledgor or Sponsor to make the payment described in clause (b) of Permitted Payments to Sponsor;
and 

  

	 	(vii)	 seventh, after making each applicable withdrawal and transfer above, on each Monthly Date, any
excess remaining in the Revenue Account to be transferred to the Distribution Account; 

  

  
 31 

 provided, however, that the Borrower may transfer Cash Flows from the FOB Sale
and Purchase Agreements received prior to the Project Completion Date in the Revenue Account to the Equity Proceeds Account prior to application of the provisions of Section 5.03(b)(i)-(viii)(Revenue Account).

 Section 5.04. Operating Account. 

(a) The Borrower shall cause the following amounts to be deposited into the Operating Account: (i) prior to the Project Completion Date,
any funds withdrawn and transferred from the Equity Proceeds Account pursuant to Section 5.01(c)(i) (Withdrawals from the Equity Proceeds Account), (ii) from and after the Project
Completion Date, all amounts required to be so deposited pursuant to Section 5.03(b) (Revenue Account) and (iii) unless such proceeds have been directed to be paid directly to the applicable
payee, all proceeds of any Working Capital Debt. 
 (b) Other than during a Control Notice Period, the Borrower may transfer funds in the
Operating Account to the payment of amounts owing by the Loan Parties for the amounts required for, and to be applied to, (i) payment of Operation and Maintenance Expenses then due and payable or coming due and payable within the following
sixty (60) days and (ii) payment for gas purchases for any trains of the Project. 
 Section 5.05. Debt Payment
Account. 
 (a) Amounts shall be deposited into the Debt Payment Account as required pursuant to Section 5.03(b)
(Revenue Account). 
 (b) On each Quarterly Payment Date (or any other date when payment of Senior Debt is due), the
Borrower may withdraw from the Debt Payment Account to pay (i) first, to the pro rata payment of interest on the Senior Debt then due and owing and to the scheduled payments then due and owing by the Borrower
pursuant to the Interest Rate Protection Agreements (but excluding any payments of Hedge Termination Value) and (ii) second, to the pro rata repayment of the principal of the Senior Debt (other than principal of Working Capital
Debt) then due and owing and payments for any Hedge Termination Value and Gas Hedge Termination Value then due and payable by the Borrower with respect to any Interest Rate Protection Agreements or Secured Gas Hedges, as the case may be. 

Section 5.06. Debt Service Reserve Accounts. 

(a) The Borrower shall cause to be deposited into a Debt Service Reserve Account, (i) on or prior to the Project Completion Date, any funds
withdrawn and transferred from the Construction Account pursuant to Section 5.02 (Construction Account), and (ii) following the Project Completion Date, on each Quarterly Payment Date, all amounts
required pursuant to Section 5.03(b) (Revenue Account). In addition, the Borrower may, in lieu of cash, cause to be delivered to the Common Security Trustee one or more Acceptable Debt Service Reserve
LCs, the Stated Amounts of which shall be credited to a Debt Service Reserve Account. 
 (b) The Borrower shall be permitted to withdraw
amounts from the applicable Debt Service Reserve Account that was established pursuant to the Senior Debt Instrument governing the relevant Senior Debt to pay interest on and principal of such Senior Debt and scheduled payments (but excluding any
payments of Hedge Termination Value) under the Interest Rate Protection Agreements entered into in respect of such Senior Debt in the event that amounts on deposit in the Debt Payment Account are insufficient to pay such amounts when due. 

  
 32 

 (c) In the event that on any Quarterly Payment Date (after giving effect to any transfers
required to be made from the Senior Secured Notes Debt Service Reserve Account or any Additional Debt Service Reserve Account, as applicable, on such date) amounts on deposit in the Senior Secured Notes Debt Service Reserve Account or such
Additional Debt Service Reserve Account, as applicable (including the Stated Amount of any Acceptable Debt Service Reserve LCs credited to such Debt Service Reserve Account), exceed the amount required to be on deposit in the Senior Secured Notes
Debt Service Reserve Account pursuant to the Financing Documents or the “debt service reserve requirement” established pursuant to any Senior Debt Instrument governing the applicable Senior Debt, then the Borrower may direct the Accounts
Bank to transfer all such excess amounts on deposit the Senior Secured Notes Debt Service Reserve Account or any Additional Debt Service Reserve Account, as applicable, for deposit into the Revenue Account for application in accordance with
Section 5.03(b) (Revenue Account). 
 (d) The Common Security Trustee may drawdown all or a
portion of the Stated Amount of all Acceptable Debt Service Reserve LCs and deposit the funds received into the applicable Debt Service Reserve Account with respect to which such letters of credit are credited: 

 

	 	(i)	 in whole or in part, in the amount necessary to make payments of interest on and principal of the applicable
Senior Debt then due and payable in the event amounts on deposit in the Revenue Account, Debt Payment Account and the Debt Service Reserve Account are insufficient to pay such amounts when due; 

 

	 	(ii)	 if (A) the commercial bank that issued any Acceptable Debt Service Reserve LC is no longer an Acceptable
Bank and (B) the Borrower has not replaced such Acceptable Debt Service Reserve LC within fifteen (15) Business Days of being notified of such event; and 

 

	 	(iii)	 if (A) no less than thirty (30) days prior to the expiry date of each such letter of credit, the
Common Security Trustee has not received notice from the issuing bank that it will extend such expiry date or renew such applicable letter of credit and no substitute or replacement letter of credit satisfying the requirements of an “Acceptable
Debt Service Reserve LC” has been delivered to the Common Security Trustee to replace the Stated Amount of such expiring Acceptable Debt Service Reserve LC and, as applicable and/or (B) the sum of (i) the undrawn portion of the Stated
Amount of all Acceptable Debt Service Reserve LCs that have been credited to the applicable Debt Service Reserve Account, and (ii) all other amounts on deposit in or standing to the credit of such Debt Service Reserve Account is less than the
“debt service reserve requirement” established pursuant to the Senior Debt Instruments governing such Debt Service Reserve Account on the date of such drawdown. 

  
 33 

 (e) Notwithstanding anything in this Section 5.06 to the contrary,
from and after the date when the Loan Parties are no longer required to maintain a Debt Service Reserve Account pursuant to the Secured Debt Instruments under which such Debt Service Reserve Account was created, the Borrower may transfer or withdraw
of all cash amounts on deposit in such Debt Service Reserve Account to (i) prior to the Project Completion Date, the Equity Proceeds Account or the Construction Account and (ii) thereafter, the Revenue Account. 

Section 5.07. Insurance/Condemnation Proceeds Account. 

(a) The Borrower shall cause all Insurance Proceeds, all Condemnation Proceeds and all Performance Liquidated Damages to be deposited into the
Insurance/Condemnation Proceeds Account and applied as provided in this Section 5.7 (Insurance/Condemnation Proceeds Account). 

(b) Any Insurance Proceeds, Condemnation Proceeds or Performance Liquidated Damages shall be applied by the Borrower to (i) the
reinvestment into the Project, as permitted by the Financing Documents, (ii) the prepayment of the Secured Debt and other Obligations in accordance the Financing Documents or (iii) transferred to the Revenue Account by the Borrower (in its
sole discretion) to the extent not required to be reinvested or used to prepay Secured Debt and other Obligations pursuant to the Financing Documents. 

Section 5.08. Distribution Account. 

(a) Funds shall be transferred from the Revenue Account to the Distribution Account pursuant to Section 5.03(b)(vii)
(Revenue Account). 
 (b) Amounts on deposit in the Distribution Account may be used by the Borrower to make
Restricted Payments so long as the conditions set forth relating to Restricted Payments in the Financing Documents (including delivery of a Restricted Payment Certificate and any other certificates and calculations required therein, if any) have
been satisfied prior to, or in connection with, such Restricted Payment. 
 Section 5.09. Additional Proceeds Account. 

(a) The Borrower may, at its election, cause to be deposited into the Additional Proceeds Account all or a portion of the net proceeds of any
Indebtedness permitted to be incurred pursuant to the Financing Documents (such proceeds, the “Additional Proceeds”). 
 (b)
Any Additional Proceeds shall be (i) applied by the Borrower to repay Indebtedness as and to the extent required by the Financing Documents or (ii) to the extent not required to repay Indebtedness under the Financing Documents, transferred
to the Construction Account (prior to the Project Completion Date) or the Revenue Account (on or after the Project Completion Date). 

Section 5.10. Transfers pursuant to this Article V. To the extent any Event of Default has occurred and is continuing and a
Control Notice Period is not applicable, each month no later than fifteen (15) days after the end of such month, the Borrower will deliver to the Common Security Trustee a certificate setting forth the application of funds in accordance with
this Article V for the prior calendar month. 

  
 34 

 ARTICLE VI 

TERMINATION OF AGREEMENT 

The rights and powers granted herein to the Common Security Trustee have been granted in order, among other things, to perfect the Common
Security Trustee’s security interests in the Accounts and to permit the Common Security Trustee to carry out its duties under the Common Terms Agreement and the other Financing Documents, are powers coupled with an interest, and will neither be
affected by the bankruptcy of the Borrower or any other Person nor by the lapse of time. All right, title and interest of the Common Security Trustee in the Accounts shall continue and, except as otherwise provided herein, the obligations of the
Accounts Bank hereunder shall continue, until the Discharge Date. At such time, the Common Security Trustee shall notify the Accounts Bank in writing to, and upon such notification the Accounts Bank shall, pay any amounts (including Permitted
Investments) then remaining in any of the Accounts to an account designated in writing by the Borrower to the Accounts Bank or, if the Common Security Trustee reasonably determines that there exists a claim against, or interest held in, such amounts
by a third party, upon prior written notice to the Borrower, to a court of competent jurisdiction. No termination of any Secured Party’s interest hereunder shall affect the rights of any other Secured Party hereunder. 

ARTICLE VII 

MISCELLANEOUS 

Section 7.01. Amendments, Etc. No amendment, termination or waiver of any provision of this Agreement and no consent to any
departure by the Loan Parties shall be effective unless in writing signed by the Common Security Trustee and, in the case of an amendment, the Borrower, any Restricted Subsidiary party hereto, the Common Security Trustee, and the Accounts Bank and
each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, that no amendment, waiver or consent shall, unless in writing and signed by the Accounts Bank in addition to
the Common Security Trustee, affect the rights or duties of, or any fees or other amounts payable to, the Accounts Bank under this Agreement; provided, further, that that no amendment, waiver or consent with respect to any definitions
or other term of any other Financing Documents incorporated into this Agreement by reference shall, unless in writing and signed by the Accounts Bank, be effective with respect to the Accounts Bank if such amendment, waiver or consent shall affect
the rights or duties of, or any fees, expenses or other amounts payable to, the Accounts Bank under this Agreement. 
 Section 7.02.
Applicable Law; Jurisdiction; Etc. 
 (a) GOVERNING LAW. THIS AGREEMENT, AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, UNITED STATES OF AMERICA, WITHOUT ANY REFERENCE TO THE CONFLICT OF LAWS PRINCIPLES THEREOF, OTHER THAN SECTION
5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW. 

  
 35 

 (b) SUBMISSION TO JURISDICTION. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF
THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN
DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND
UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A
FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER FINANCING DOCUMENT SHALL AFFECT
ANY RIGHT THAT ANY SECURED PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AGAINST THE LOAN PARTIES, THE ACCOUNTS BANK OR THEIR RESPECTIVE PROPERTIES IN THE COURTS OF ANY JURISDICTION IF APPLICABLE LAW DOES NOT
PERMIT A CLAIM, ACTION OR PROCEEDING REFERRED TO IN THE FIRST SENTENCE OF THIS SECTION TO BE FILED, HEARD OR DETERMINED IN OR BY THE COURTS SPECIFIED THEREIN. 

(c) WAIVER OF VENUE. EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY
OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT IN ANY COURT REFERRED TO IN SECTION 7.02(b) (APPLICABLE LAW; JURISDICTION; ETC.). EACH
OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

(d) WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT IT MAY HAVE TO
A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (i) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (ii) ACKNOWLEDGES THAT IT AND THE OTHER
PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7.02(d) (APPLICABLE LAW; JURISDICTION; ETC.). 

  
 36 

 (e) Service of Process. Each party hereto hereby irrevocably consents to the service
of any and all process in any action or proceeding relating to this Agreement by the mailing of copies of such process to the Borrower at its then effective notice address pursuant to Section 7.06 (Notices and Other
Communications). 
 (f) Waiver of Immunity. To the extent that any Loan Party has or hereafter may acquire any immunity from
jurisdiction of any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) with respect to itself or its property, the Loan Parties hereby irrevocably
and unconditionally waive such immunity in respect of their obligations under this Agreement and the other Financing Documents and, without limiting the generality of the foregoing, agree that the waiver set forth in this
Section 7.02(f) (Applicable Law; Jurisdiction; Etc.) shall have the fullest scope permitted under the Foreign Sovereign Immunities Act of 1976 of the United States of America and are intended to be irrevocable
for purposes of such Act. 
 Section 7.03. Fees, Costs and Expenses. The Borrower agrees to pay to the Accounts Bank such fees
in the amounts set forth in the Accounts Bank Fee Letter. The Borrower shall pay (a) all reasonable and documented out-of-pocket expenses incurred by the Accounts
Bank and the Common Security Trustee (including all reasonable fees, costs and expenses of counsel for any of the Accounts Bank and the Common Security Trustee), in connection with the preparation, negotiation, execution and delivery of this
Agreement and the administration and maintenance of the Accounts; (b) all reasonable and documented out-of-pocket expenses incurred by the Common Security Trustee
and the Accounts Bank (including all reasonable fees, costs and expenses of counsel for any of the Common Security Trustee and the Accounts Bank), in connection with any amendments, modifications or waivers of the provisions of this Agreement; (c)
all reasonable and documented out-of-pocket expenses incurred by the Accounts Bank and the Common Security Trustee (including all reasonable fees, costs and expenses of
counsel for any of the Accounts Bank and the Common Security Trustee), in connection with the administration of this Agreement; and (d) all reasonable out-of-pocket
expenses incurred by the Accounts Bank and the Common Security Trustee (including all reasonable fees, costs and expenses of counsel for any of the Accounts Bank and the Common Security Trustee), in connection with the enforcement or protection of
its rights in connection with this Agreement, including its rights under this Section 7.03 (Costs and Expenses), including in connection with any workout, restructuring or negotiations in respect of the
Obligations. The obligations contained in this Section 7.03 (Costs and Expenses) shall survive the termination of this Agreement or the resignation or removal of the Accounts Bank, to the maximum extent permitted by
Governmental Rule. 
 Section 7.04. Counterparts; Effectiveness. This Agreement may be executed in counterparts (and by
different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Agreement by
facsimile or portable document format (“pdf”) shall be effective as delivery of a manually executed counterpart of this Agreement. 

  
 37 

 Section 7.05. No Waiver; Cumulative Remedies. No failure by the Accounts Bank,
the Common Security Trustee or any other Secured Party to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Financing Document shall operate as a waiver thereof; nor shall any
single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided,
and provided under each other Financing Document are cumulative and not exclusive of any rights, remedies, powers and privileges provided by Government Rule. 

Section 7.06. Notices and Other Communications. 

(a) Any notice, claim, request, demand, consent, designation, direction, instruction, certificate, report or other communication to be given
under or in connection with this Agreement shall be given in writing and may be delivered by hand, certified or registered airmail, internationally recognized courier service, facsimile or email (provided that email delivery shall be effective only
upon receipt of an acknowledgment from the intended recipient such as by the “return receipt requested” function, as available, reply e-mail or other written acknowledgment) to the party’s
address specified below or at such other address as such party shall have designated by notice to the other party hereto and shall be effective upon receipt. 

(b) The Common Security Trustee and the Accounts Bank shall be entitled to rely and act upon any written notices purportedly given by or on
behalf of the Borrower, which the Common Security Trustee or the Accounts Bank, as applicable, believes in good faith to be genuine, even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or
followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify the Common Security Trustee, the Accounts Bank and the Related
Parties of each of them for all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower. 

(c) Each of the Loan Parties, the Common Security Trustee and the Accounts Bank may change its address, facsimile or telephone number for
notices and other communications hereunder by notice to the other parties hereto. 
 Section 7.07. Patriot Act Notice. The
parties hereto acknowledge that, in accordance with Section 326 of the Patriot Act, the Accounts Bank, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and
record information that identifies each Person that establishes a relationship or opens an account. The parties to this Agreement agree that they will provide the Accounts Bank with such information as it may request in order to satisfy the
requirement of the Patriot Act. 
 Section 7.08. Reinstatement. This Agreement and the obligations of the Loan Parties hereunder
shall automatically be reinstated if and to the extent that for any reason any payment made pursuant to this Agreement (or any other payment giving rise to the occurrence of the Discharge Date) is rescinded or must otherwise be restored or returned,
whether as a result of any proceedings in bankruptcy or reorganization or otherwise with respect to the Loan Parties or any other Person or as a result of any settlement or compromise with any Person (including the Loan Parties) in respect of such
payment, and the Borrower shall pay the Common Security Trustee and the Accounts Bank on demand all of its reasonable costs and expenses (including reasonable fees, expenses and disbursements of counsel) incurred by such party in connection with
such rescission or restoration. 

  
 38 

 Section 7.09. Severability. If any provision of this Agreement is held to be
illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to
replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 Section 7.10. Successions and
Assignments. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that no Loan Party may assign or otherwise transfer any of
its rights or obligations hereunder without the prior written consent of the Common Security Trustee and the Accounts Bank, and the Accounts Bank may not assign or delegate any of its rights or obligations under this Agreement except pursuant to
Section 3.06 (Duties and Certain Rights of the Accounts Bank). Nothing in this Agreement, express or implied, shall be construed to confer upon any Person (other than the parties hereto, the Secured Parties, their
respective successors and assigns permitted hereby and, to the extent contemplated hereby, the Related Parties of the Secured Parties) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

Section 7.11. Survival. All covenants, agreements, representations and warranties made by the Loan Parties herein and in the
certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement and the making of
the Advances and other financial accommodations under the Senior Debt Instruments, and shall continue in full force and effect until the Discharge Date. The provisions herein regarding the payment of expenses and indemnification obligations shall
survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Secured Debt and other financial accommodations under the Financing Documents, the termination of this Agreement
or any provision hereof or the resignation or removal of the Accounts Bank. 
 Section 7.12. Time. Time is of the essence of
this Agreement. 
 Section 7.13. Waiver of Consequential Damages, Etc. To the fullest extent permitted by Government Rule, no
party hereto shall assert, and each party hereto hereby waives, any claim against any other party hereto and their Related Parties, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual
damages) arising out of, in connection with, or as a result of, this Agreement, any other Financing Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Advance or the use of the proceeds
thereof; provided, however, that each Loan Party acknowledges and agrees that special, indirect, consequential or punitive damages of third parties for which the Accounts Bank is liable and for which such Loan Party is otherwise obligated to
indemnify the Accounts Bank subject to the terms of Section 3.06(r) (Duties and Certain Rights of the Accounts Bank; Indemnification and Liability) shall be considered direct damages of the 

  
 39 

 Accounts Bank. No party hereto or their Related Parties shall be liable for any damages arising from the use
by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement, the other Financing Documents or the transactions
contemplated hereby or thereby. 
 Section 7.14. Subsidiaries. In the event that any Person becomes a Subsidiary of the Borrower
(other than any Unrestricted Subsidiary) after the Closing Date, (a) such Subsidiary shall be deemed a Restricted Subsidiary and (b) the Borrower shall promptly cause such Restricted Subsidiary to execute and deliver to the Common Security
Trustee a joinder to this Agreement, the Security Agreement and Commons Terms Agreement in the form attached as Exhibit B to the Common Terms Agreement. 

Section 7.15. Amendment and Restatement. This Agreement amends, restates and supersedes the Second Amended and Restated Accounts
Agreement in its entirety. 
 Section 7.16. Electronic Execution of Assignments and Certain Other Documents. The words
“execution,” “execute”, “signed,” “signature,” and words of like import in or related to any document to be signed in connection with this Agreement and the transactions contemplated hereby (including without
limitation Assignment and Assumptions, amendments or other Borrowing Requests, waivers and consents) shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms
approved by the Common Security Trustee, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as
the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws
based on the Uniform Electronic Transactions Act. 
 [SIGNATURE PAGES FOLLOW] 

  
 40 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed and delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 SABINE PASS LIQUEFACTION, LLC,

as the Borrower

		
	By:	 	 /s/ Lisa C. Cohen

	Name: Lisa C. Cohen
	Title:   Treasurer

  
 SIGNATURE
PAGE TO THIRD AMENDED AND RESTATED ACCOUNTS AGREEMENT 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed
and delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 SOCIÉTÉ GÉNÉRALE,

as the Common Security Trustee

		
	By:	 	 /s/ ROBERTO S SIMON

			
	Name:	 	ROBERTO S SIMON
	Title:	 	Managing Director

  
 SIGNATURE
PAGE TO THIRD AMENDED AND RESTATED ACCOUNTS AGREEMENT 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed
and delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 CITIBANK, N.A.,
 as the
Accounts Bank

		
	By:	 	 /s/ Derrick Lenz

 
			
	Name:	 	Derrick Lenz
	Title:	 	Vice President

  

  
 SIGNATURE
PAGE TO THIRD AMENDED AND RESTATED ACCOUNTS AGREEMENT 

 SCHEDULE 7.06 

NOTICES 
 Accounts Bank:

 CITIBANK, N.A. 

Agency & Trust 
 388
Greenwich Street 
 New York, New York 10013 

Attention: Patricia Gallagher/ Jenny Cheng 

Telephone: (212) 816-2977/ (212) 816-5648 

Email: patricia1.gallagher@citi.com / jenny.cheng@citi.com / cts.spag@citi.com 

Common Security Trustee: 

SOCIÉTÉ GÉNÉRALE 

245 Park Avenue, 
 New York, NY
10167 
 Attention: Ellen Turkel 

Telephone: 212-278-6437 

Email: ellen.turkel@sgcib.com 
 Senior
Facility Agent: 
 THE BANK OF NOVA SCOTIA, HOUSTON BRANCH 

711 Louisiana Street Suite 1400 

Houston, Texas 77002 
 Attention:
Joe Lattanzi 
 Telephone: (713-759-3435) 

Email: joe.lattanzi@scotiabank.com 
  

  
 Schedule 6.07 

 EXHIBIT A 

WIRE INSTRUCTIONS 

INTERNATIONAL INCOMING WIRE TRANSFER INSTRUCTIONS: 

 

US Dollar 

CITIBANK, N.A. 
 Agency &
Trust 
 Swift code: CITIUS33 

FFC: [Account Name (from below)],# [Account Number (from below)] 

DOMESTIC INCOMING WIRE TRANSFER INSTRUCTIONS 

 

US Dollar 

CITIBANK, N.A. 
 Agency &
Trust 
 388 Greenwich Street 

ABA: 021000089 

FFC: [Account Name (from below)], #[Account Number (from below)] 

ACCOUNTS 
 Senior Secured Notes Debt Service Reserve
Account: A/C# 12496000 
 Construction Account: A/C# 12367800 

Debt Payment Account: A/C# 12367900 
 Distribution
Account: A/C# 12368000 
 Equity Proceeds Account: A/C# 12368100 

Insurance/Condemnation Proceeds Account: A/C# 12368300 

Operating Account: A/C# 12368400 
 Revenue Account:
A/C# 12368500 
 Additional Proceeds Account: A/C# 12367700 

SECURED PARTIES 
 Common Security Trustee: A/C#
202118, ABA# 026-004-226, Attn: Common Security Trustee, Ref: Sabine Liquefaction LLC- Common Security Trustee 

Senior Facility Agent: Bank of America NA, ABA No. 026 009 593, Swift Code: BOFAUS3N, Account No. NOSCUS4HHSS, Attn: The Bank of Nova Scotia, Ref:
Sabine Pass Liquefaction 

  
 Exhibit A-1 

 EXHIBIT B 

FORM OF RESTRICTED PAYMENT CERTIFICATE 

SABINE PASS LIQUEFACTION, LLC 

700 Milam Street, Suite 1900 

Houston, Texas 77002 
 [___]

 OFFICERS’ CERTIFICATE PURSUANT TO 

SECTION 5.08 OF THE ACCOUNTS AGREEMENT 

SECTION 4.06 OF THE 4(A)(2) INDENTURE 

SECTION 4.06 OF THE 144A INDENTURE 

Reference is made to (a) the Third Amended and Restated Accounts Agreement, dated as of March [__], 2020, by and among Sabine Pass
Liquefaction, LLC, a Delaware limited liability company (the “Company”), the subsidiaries of the Company party thereto from time to time, Société Générale, as Common Security Trustee and Citibank, N.A. as
Accounts Bank (as amended, amended and restated, modified or supplemented from time to time, the “Accounts Agreement”), (b) the Indenture, dated as of February 24, 2017 (as amended, amended and restated, modified or
supplemented from time to time, the “4(a)(2) Indenture”), by and between the Company and The Bank of New York Mellon, as Trustee (the “Trustee”) and (c) the Indenture dated February 1, 2013 (the
“Base Indenture”), as supplemented by (i) a first supplemental indenture and a second supplemental indenture, each dated April 16, 2013 (the “April 2013 Indentures”), (ii) a third supplemental indenture,
dated November 25, 2013 (the “November 2013 Indenture”), (iii) a fourth supplemental indenture and a fifth supplemental indenture, each dated May 20, 2014 (the “May 2014 Indentures”), (iv) a sixth
supplemental indenture, dated as of March 3, 2015 (the “March 2015 Indenture”), (v) a seventh supplemental indenture, dated as of June 14, 2016 (the “June 2016 Indenture”), (vi) an eighth
supplemental indenture, dated as of September 19, 2016 (the “First September 2016 Indenture”), (vii) a ninth supplemental indenture, dated as of September 23, 2016 (the “Second September 2016
Indenture”) and (viii) a tenth supplemental indenture, dated March 6, 2017 (the “March 2017 Indenture” and, together with the Base Indenture, the April 2013 Indentures, the November 2013 Indenture, the May 2014
Indentures, the March 2015 Indenture, the June 2016 Indenture, the First September 2016 Indenture and the Second September 2016 Indenture, and as otherwise amended, amended and restated, modified or supplemented from time to time, the “144A
Indenture”), by and among the Company and the Trustee. 
 This Officer’s Certificate is being delivered in connection with a
Restricted Payment in an amount equal to $[____] that the Company is making on [___] pursuant to (a) Section 5.08 of the Accounts Agreement, (b) Section 4.06 of the 4(a)(2) Indenture and (c) Section 4.06 of the
144A Indenture. All capitalized terms used herein shall have the respective meanings specified in (i) for purposes of the Accounts Agreement , the Accounts Agreement, (ii) for purposes of the 4(a)(2) Indenture, the 4(a)(2) Indenture and
(iii) for purposes of the 144A Indenture, the 144A Indenture, unless otherwise defined herein. 

  
 Exhibit B-1 

 In connection therewith, I, [____], being an Authorized Officer of the Company,
HEREBY CERTIFY as follows: 
  

	1.	 No Default or Event of Default has occurred and is continuing as of the Restricted Payment Date or would occur
as a result of the Restricted Payment. 

  

	2.	 On and as of [_____] (the “Calculation Date”), (i) the Debt Service Coverage Ratio for the
Calculation Period ended on the Calculation Date is at least 1.25 to 1.0, and (ii) the Projected Debt Service Coverage Ratio commencing on the first day after the Calculation Date is at least 1.25 to 1.0 for the upcoming twelve (12) month
period, provided that the Company may, at its option, exclude any Debt Service that (x) was pre-funded by the incurrence of Indebtedness, one of the use of proceeds of which was expressly for this purpose
or (y) will be funded as part of scheduled draws pursuant to the express terms of Indebtedness to be incurred during such upcoming twelve month period. 

  

	3.	 Set forth in Exhibit A-1 is a calculation of the Debt Service Coverage
Ratio for the Calculation Period ended on the Calculation Date. Also set forth in Exhibit A-1 is a calculation of the Projected Debt Service Coverage Ratio for the upcoming twelve (12) month period,
commencing on the first day after the Calculation Date. The calculations set forth on Exhibit A-1 were prepared in good faith and were based on reasonable assumptions. 

  
 Exhibit B-2 

 IN WITNESS WHEREOF, I have hereunto signed my name on the day and year set forth
above. 
  

			
	SABINE PASS LIQUEFACTION, LLC
		
	By:	 	              

		 	Name: [___]
		 	Title:   [___]

  

  
 Exhibit B-3 

 Exhibit A-1 

Calculation of Debt Service Coverage Ratio 

1. Cash Flow Available for Debt Service for the preceding 12-month period 

 

					
	 a.
	  	Cash Flow received by the Loan Parties during such period	  	$[____]
			
		  	minus	  	
			
	 b.
	  	Operation and Maintenance Expenses paid during such period	  	$[____]
			
		  	plus	  	
			
	 c.
	  	Any extraordinary, unusual or non-recurring expenses or losses of the Loan Parties actually subtracted from Cash Flows pursuant to clause (b) during such applicable period	  	$[____]
			
		  	plus	  	
			
	 d.
	  	Any Cash Flow that would have been projected to be generated by the Loan Parties Subsidiaries that were not generated as a result of any force majeure event affecting the Loan Parties (up to a 12 month period, and without
duplication of any business interruption insurance proceeds received by the Loan Parties as a result of such force majeure event)	  	$[____]
	Total:	  		  	$[______]

 2. Aggregate amount required to service the Company’s Debt Service payable for the preceding 12-month period 
  

  
 Exhibit B-4 

					
	 a.
	  	All fees accrued or paid during such period in respect of any Senior Debt	  	$[____]
			
		  	plus	  	
			
	 b.
	  	Interest on the Senior Debt (taking into account any Interest Rate Protection Agreements) accrued or paid during such period	  	$[____]
			
		  	plus	  	
			
	 c.
	  	Scheduled principal payments of the Senior Debt accrued or paid during such period	  	$[____]
			
		  	plus	  	
			
	 d.
	  	All payments due or anticipated to become due accrued or paid by the Company pursuant to and provision in respect of increased costs or taxes under any Senior Debt Instrument	  	$[____]
			
		  	plus	  	
			
	 e.
	  	Any indemnity payments due to any of the Secured Parties	  	$[____]
			
		  	minus	  	
			
	 f.
	  	(i) voluntary prepayments or mandatory prepayments, (ii) the principal amount of any Debt Service due at maturity, (iii) Revolving Loans, (iv) LC Costs, (v) interest in respect of Debt Service or net amounts under any
Permitted Hedging Agreements in respect of interest rates, in each case paid prior to the end of the Availability Period and (vi) Hedge Termination Values projected to be paid	  	$[____]
	Total:	  		  	$[______]
		
	Debt Service Coverage Ratio (Row 1 Total: Row 2 Total)	  	  [_____]

  
 Exhibit B-5 

 Calculation of Projected Debt Service Coverage Ratio 

1. Cash Flow Available for Debt Service for projected for such period 
  

					
	 a.
	  	Cash Flow projected to be received by the Loan Parties during such period	  	$[____]
			
		  	minus	  	
			
	 b.
	  	Operation and Maintenance Expenses projected to be paid during such period	  	$[____]
			
		  	plus	  	
			
	 c.
	  	Any extraordinary, unusual or non-recurring expenses or losses of the Loan Parties projected to be actually subtracted from Cash Flows pursuant to clause (b) during such applicable period	  	$[____]
	Total:	  		  	$[______]
		
	2. Debt Service projected for such period (excluding Working Capital Debt, all Indebtedness or Guarantees incurred pursuant clauses (f), (g), (h), (i), (j), (k), (l), (m), (o), (p) and (q) of
Section 6.01 and the scheduled principal payment of any Senior Debt that has bullet maturities or balloon payments at maturity or in the final year prior to maturity)	  	
			
	 a.
	  	 All fees scheduled to become due and payable during such period in respect of any Senior Debt
	  	$[____]

  
 Exhibit B-6 

					
		  	plus	  	
			
	 b.
	  	Interest on the Senior Debt (taking into account any Interest Rate Protection Agreements) scheduled to become due and payable during such period	  	$[____]
			
		  	plus	  	
			
	 c.
	  	Scheduled principal payments of the Senior Debt to become due and payable during such period	  	$[____]
			
		  	plus	  	
			
	 d.
	  	All payments due or anticipated to become due by the Company pursuant to and provision in respect of increased costs or taxes under any Senior Debt Instrument	  	$[____]
			
		  	plus	  	
			
	 e.
	  	Any indemnity payments due to any of the Secured Parties	  	$[____]
			
		  	minus	  	
			
	 f.
	  	Working Capital Debt, all Indebtedness or Guarantees incurred pursuant clauses (f), (g), (h), (i), (j), (k), (l), (m), (o), (p) and (q) of Section 6.01 of the Working Capital Facility Agreement and the scheduled principal
payment of any Senior Debt that has bullet maturities or balloon payments at maturity or in the final year prior to maturity	  	$[____]
	Total:	  		  	$[______]
		
	Projected Debt Service Coverage Ratio (Row 1 Total : Row 2 Total)	  	  [_____]

  
 Exhibit B-7

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