Document:

Execution Version	Exhibit 4.29.4

 

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

 

AMENDMENT NO. 4

 

To

 

SRV LNG CARRIER

 

TIME CHARTERPARTY

 

DATED 20 March 2007

 

Between

 

SRV JOINT
GAS LTD.

 

And

 

GDF SUEZ
LNG SUPPLY SA

 

DATED 9th December 2016

 

     

     

    

 

Execution Version

 

AMENDMENT NO. 4 TO SRV LNG CARRIER
TIME CHARTERPARTY

 

This amendment no. 4 (the “Amendment
No. 4”) to the Charter (as defined in the Recitals below) is made on this 9th of December 2016, and forms an integral
part of the Charter.

 

BY AND BETWEEN:

 

		(i)	SRV Joint Gas Ltd., a company incorporated
                                         and existing under the laws of Cayman Island (“Owner”); and

 

		(ii)	GDF SUEZ LNG Supply S.A., a company
                                         organized and existing under the laws of Luxembourg (“Charterer”);

 

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

 

RECITALS

 

WHEREAS,
Owner and Charterer are parties to an SRV LNG Carrier Time Charterparty dated 20 March 2007, as amended by Amendment No. 1 dated
23 February 2015, Amendment No. 2 dated 23 February 2015 (“Amendment No. 2”) and Amendment No.3 dated 23 April
2014, and as may be further novated and/or amended from time to time, (the “Charter”), whereby Owner has agreed
to let and Charterer has agreed to hire the use and service of a Shuttle and Regasification Vessel built by Samsung Heavy Industries
Co. Ltd. with reference Hull no. 1688 and now named GDF SUEZ Neptune (the “Vessel”); and

 

WHEREAS,
Charterer wishes to use, and Owner wishes to accommodate Charterer’s wish to use, the Vessel in FSRU Mode or alternatively
in LNG Carrier Mode under a joint and several sub-charter arrangement with either a joint venture company between (i) Kalyon Insaat
Sanayi Ve Ticaret A.S.; and (ii) Kolin Insaat, Turizm, Sanayi Ve Ticaret A.S. (the “Shareholders”) or a nominee
of either Shareholder ( the “Sub-Charterer”) for the Project (as defined below), on the terms and subject to
the conditions of this Amendment No. 4; and

 

WHEREAS, the Parties have entered
into a Supplemental Agreement to the Charter dated 30th September 2016 (the “Supplemental Agreement”)
pursuant to which they have agreed to make certain modifications to the Vessel; and

 

WHEREAS, the Parties have agreed
to make certain amendments to the Charter as set out below.

 

    	 	2

     

    

 

Execution Version

 

NOW,
THEREFORE, in consideration of the premises and the mutual covenants herein contained, the Parties agree as follows:

 

		1.	Definitions

 

For purposes of this Amendment No. 4 (including
the Recitals), the capitalized terms used but not defined in this Amendment No. 4 or amended by Clause 5 of this Amendment No.4
shall have the meanings ascribed to them in the Charter.

 

“Delivery”
means the date on which the Vessel arrives at a place at or near the FSRU Terminal and has tendered its notice of readiness.

 

“FSRU” means floating
storage and regasification unit.

 

“FSRU Mode” means the
use of the Vessel at all times during the Sub-Charter Period, except when a Voyage is occurring.

 

“FSRU Terminal” means
the floating regasification import terminal located nearshore at Izmir, Turkey.

 

“LNG Carrier Mode”
has the meaning given to it in Clause 6 ("Voyage").

 

“Maintenance Allowance”
has the meaning given to it in Clause 25 (as amended by this Amendment No. 4).

 

“Mortgagee” means DNB
Bank ASA (previously called DnB NOR Bank ASA) as agent on behalf of the lenders.

 

“Owner Group” has the
meaning given to it in Clause 8.2 of this Amendment No.4.

 

“Project” means Charterer’s
project with the Sub-Charterer consisting of using the Vessel in FSRU Mode at the FSRU Terminal.

 

“Redelivery” means
the date on which the Vessel is returned to the Charterer in accordance with the terms of the Sub-Charter.

 

“Reinstatement Work”
means any and all work, design, engineering, procurement, fabrication, installation, commissioning and testing required to reinstate
the Vessel in accordance with Clause 7 of this Amendment No.4.

 

“Sub-Charter” means
the agreement signed between Charterer and Sub-Charterer for sub-chartering of the Vessel to Sub-Charterer.

 

“Sub-Charter Period”
means a period beginning the date of Delivery of the Vessel to Sub-Charterer and ending on the later of (i) the date of Redelivery
of the Vessel by Sub-Charterer under the Sub-Charter or such earlier date as the Sub-Charter is terminated or expires in accordance
with its terms and (ii) the date the Vessel is permanently unmoored and disconnected from the FSRU Terminal and is ready and free
to depart from the FSRU

 

    	 	3

     

    

 

Execution Version

 

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

 

Terminal, but such period shall not, in
any event, extend beyond the date falling ***** days prior to the Vessel’s next scheduled dry-dock.

 

“Turkish Taxes” means
Turkish tax liabilities specifically suffered or incurred by Owner or any other member of Owner Group (as defined in Clause 8.2)
whatsoever and howsoever arising due to the presence of the Vessel as an FSRU in Turkey when the Vessel acts in FSRU Mode, including
but not limited to business tax, corporate tax, corporate income tax, local surcharges, wealth tax, income tax and individual
income tax, personal tax or social security contributions of employees, social security premiums, customs taxes or duties, VAT
(including VAT-1 and VAT-2), withholding tax (including on hire, loan repayments, interest and dividends), any tax relating to
the importation, stay or exportation into and from Turkey (as the case may be) of the Vessel (including related materials and/or
equipment) and any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same, together
with all compliance and filing costs relating to such taxes.

 

“Voyage” means a legitimate
voyage under the Charter ordered pursuant to and in accordance with Clause 6 of this Amendment No. 4, the duration of which shall
always be deemed to be from when the Vessel is unmoored and disconnected from the FSRU Terminal for the purpose of commencing
the Voyage until the Vessel is all fast again at the FSRU Terminal.

 

Otherwise, the terms “Modification
Specification”, “Modification Work”, “Owner Work” and “Owner Work Specification”
each have the meanings given to them in the Supplemental Agreement.

 

		2.	Purpose,
                                         Intention and Interpretations

 

The purpose of this Amendment No. 4 is
to set forth the terms and conditions under which the Vessel may be utilized as an FSRU at the Project and to permit the Sub-Charter
with Sub-Charterer in respect of the Vessel and to set out the specific conditions applicable between the Parties when the Vessel
is operating in FSRU Mode and specific amendments in Clause 6 and 7 of this Amendment No.4 relating to the Vessel’s use
in LNG Carrier Mode.

 

It is Owner’s and Charterer’s
clear intention, which is hereby declared, that this Amendment No. 4 shall not imply or impose greater or more onerous obligations
exposures and/or liabilities on Owner or any member of Owner Group (except for any provisions of this Amendment No. 4 expressly
providing to the contrary) than it would otherwise have under the Charter.

 

In case of conflict between the provisions
of the Charter and this Amendment No. 4, the provisions of this Amendment No. 4 shall prevail.

 

		3.	Ownership
                                         and risk of the Modification Work

 

		3.1	Subject to Clause 7(f) of this Amendment
                                         No. 4, ownership and title of the items set out in Appendix 1 ("Description of
                                         Modification Work") of the Supplemental Agreement and incorporated onto the
                                         Vessel shall at all times vest with Charterer.

 

    	 	4

     

    

 

Execution Version

 

			For the avoidance of doubt, ownership
                                         and title of the items set out in Appendix 2 ("Owner Work Specification")
                                         of the Supplemental Agreement and incorporated onto the Vessel as part of the Owner Work
                                         shall at all times vest with Owner.

 

		3.2	Whilst the items set out in
                                         the Modification Specification are incorporated onto the Vessel (and irrespective of
                                         whether ownership and title in such items vests with Charterer or if it has been transferred
                                         to Owner), Owner shall (i) maintain such items in accordance with Clause 4 ("Duty
                                         to Maintain") of the Charter and (ii) insure such items under the Vessel's "Hull
                                         and Machinery Insurance" in accordance with Clause 8 ("Owner to Provide")
                                         of the Charter, at values mutually agreed between Charterer and Owner. However, for the
                                         avoidance of doubt, the items to be maintained and insured by Owner in accordance with
                                         this Clause 3.2 shall not include the Yokohama fenders referred to in paragraph 1(e),
                                         Appendix 1 ("Description of Modification Work") of the Supplemental
                                         Agreement.

 

		3.3	Notwithstanding the provisions of Clause
                                         3.2 above, in the event that there is a loss of time (whether by way of interruption
                                         in the Vessel’s service or from a reduction in the Vessel’s performance,
                                         or in any other manner) due to a deficiency in or breakdown of any items incorporated
                                         onto the Vessel as part of the Modification Work (or of any other equipment affixed to
                                         the Vessel requested by Charterer), the Vessel shall remain on-hire during any such interruption
                                         in service or reduction in performance, unless such deficiency or breakdown is solely
                                         attributable to Owner’s negligence.

 

		4.	Importation,
                                         Stay and Exportation

 

		4.1	Any importation, stay and exportation
                                         into and from the Republic of Turkey (as the case may be) of the Vessel and all materials
                                         and/or equipment necessary for Owner’s performance of the Charter and/or any Voyage
                                         during or related to the Sub-Charter Period, shall be arranged by Charterer, in accordance
                                         with all applicable laws and regulations, for its own time, risk and expense, but with
                                         all reasonable practical assistance from Owner.

 

		4.2	In addition, Charterer shall for its
                                         own, time risk and expense (but with reasonable practical assistance from Owner) obtain
                                         and maintain throughout the Sub-Charter Period all licences, permits, certificates, authorisations
                                         and/or exemptions (as applicable), (i) that are required for Owner and any member of
                                         Owner Group to comply with all relevant laws and regulations applicable to it and to
                                         the Vessel’s operation in the Republic of Turkey in FSRU Mode , including any exemption
                                         from any requirement to obtain work permits for any employees or other officers of any
                                         applicable member of the Owner Group or any master, officers or crew employed upon the
                                         Vessel, and (ii) that will enable Owner and any member of the Owner Group to operate
                                         the Vessel in accordance with the provisions of this Amendment No. 4. For the avoidance
                                         of doubt, Owner shall not be required to change Vessel’s flag to Turkish flag,
                                         register the Vessel in any Turkish registry or change the nationality of the Vessel’s
                                         crew.

 

    	 	5

     

    

 

Execution Version

 

		5.	FSRU
                                         Mode specific modifications

 

		5.1	At all times during the Sub-Charter
                                         Period, except when a Voyage is occurring, the Charter shall be modified by the following
                                         amendments, additions and other modifications:

 

		(a)	Modifications
                                         to Clause 1 (“Definitions”) of the Charter:

 

		(a)	The definition of “Actual
                                         Discharge Rate” in Clause 1 of the Charter shall be amended to read in its
                                         entirety: ““Actual Discharge Rate” has the meaning set out
                                         in Clause 27(b)(iv).” 

 

		(b)	The definition of “Adverse
                                         Weather Periods” in Clause 1 of the Charter shall be deleted.

 

		(c)	The definition of “Allowance
                                         Period” in Clause 1 of the Charter shall be deleted.

 

		(d)	The definition of “BOE”
                                         in Clause 1 of the Charter shall be deleted.

 

		(e)	A new definition shall be included
                                         in Clause 1 of the Charter, which reads: ““Charterer’s Group”
                                         has the meaning set out in Clause 68(a)”.

 

		(f)	The definition of “Discharge
                                         Period” in Clause 1 of the Charter shall be deleted. Any other use of
                                         the term “Discharge Period” in the Charter shall be replaced with the term
                                         “FSRU Discharge Period”.

 

		(g)	The definition of “Discharge
                                         Point” in Clause 1 of the Charter shall be deleted.

 

		(h)	A new definition shall be included
                                         in Clause 1 of the Charter, which reads: ““FSRU” means floating
                                         storage and regasification unit.”

 

		(i)	A new definition shall be included
                                         in Clause 1 of the Charter, which reads: ““FSRU Discharge Period”
                                         has the meaning set out in Clause 27(b)(vi).”

 

		(j)	A new definition shall be included
                                         in Clause 1 of the Charter, which reads: ““FSRU Gas Day”
                                         has the meaning set out in Clause 27(b)(iv).”

 

		(k)	A new definition shall be included
                                         in Clause 1 of the Charter, which reads: ““FSRU Gas Nomination Procedures”
                                         means the procedures for requesting and establishing Send Out Profile and Intraday Nominations
                                         as set forth in Schedule X.”

 

		(l)	The definition of “Gas
                                         Day” in Clause 1 of the Charter shall be deleted. Any other use of the term
                                         “Gas Day” in the Charter shall be replaced with the term “FSRU Gas
                                         Day”.

 

		(m)	A new definition shall be included
                                         in Clause 1 of the Charter, which reads ““FSRU Terminal” means
                                         the floating regasification import terminal located nearshore at Izmir, Turkey.”

 

    	 	6

     

    

 

Execution Version

 

		(n)	The definition of “Gas
                                         Nomination Procedures” in Clause 1 of the Charter shall be deleted. Any other
                                         use of the term “Gas Nomination Procedures” in the Charter shall be replaced
                                         with the term “FSRU Gas Nomination Procedures”.

 

		(o)	A new definition shall be included
                                         in Clause 1 of the Charter, which reads: “LNG Carrier” means
                                         a vessel for the transportation of a cargo of LNG to be discharged into the FSRU”.

 

		(p)	A new definition shall be included
                                         in Clause 1 of the Charter, which reads: ““Lowest Performance”
                                         has the meaning set out in Clause 27(b)(i)”.

 

		(q)	A new definition shall be included in Clause 1 of the Charter,
                                         which reads: ““Maintenance Allowance” has the meaning set
                                         out in Clause 25(a).”

 

		(r)	The definition of “Nominated
                                         Discharge Rate” in Clause 1 of the Charter shall be amended to read in its
                                         entirety: ““Nominated Discharge Rate” has the meaning set
                                         out in Clause 27(b)(iv).”

 

		(s)	The definition of “Normal
                                         Performance” in Clause 1 of the Charter shall be amended to read in its entirety:
                                         ““Normal Performance” has the meaning set out in Clause 27(b)(i).”
                                         

 

		(t)	A new definition shall be included in Clause 1 of the Charter,
                                         which reads: ““Permitted Maintenance Event” has the meaning
                                         set out in Clause 25(a).”

 

		(u)	The definition of “Off-hire
                                         Allowance” in Clause 1 of the Charter shall be deleted.

 

		(v)	A new definition shall be included
                                         in Clause 1 of the Charter, which reads: ““Owner’s Group”
                                         has the meaning set out in Clause 68(a)”.

 

		(w)	The definition of “Performance
                                         Period” in Clause 1 of the Charter shall be deleted.

 

		(x)	The definitions of “Primary
                                         Terminals” and “Primary Terminal” in Clause 1 of the Charter
                                         shall be deleted.

 

		(y)	The definition of “Reduced
                                         Performance” in Clause 1 of the Charter shall be amended to read in its entirety:
                                         ““Reduced Performance” has the meaning set out in Clause
                                         27(b)(iv).” 

 

		(z)	A new definition shall be included
                                         in Clause 1 of the Charter, which reads: ““Reduced Rate”
                                         has the meaning set out in Clause 27(b)(iv)”.

 

		(aa)	A new definition shall be
                                         included in Clause 1 of the Charter, which reads: ““Maintenance”
                                         has the meaning set out in Clause 25 (d)”.

 

		(bb)	A new definition shall be
                                         included in Clause 1 of the Charter, which reads: ““Send Out Profile”
                                         has the meaning set out in Clause 27(b)(iii)”.

 

    	 	7

     

    

 

Execution Version

 

		(cc)	A new definition shall be
                                         included in Clause 1 of the Charter, which reads: ““Start Up Period”
                                         has the meaning set out in Clause 27(b)(i)”.

 

		(dd)	A new definition shall be
                                         included in Clause 1 of the Charter, which reads ““Sub-Charter”
                                         means the agreement signed between Charterer and Sub-Charterer for sub-chartering of
                                         the Vessel to Sub-Charterer.”

 

		(ee)	A new definition shall be
                                         included in Clause 1 of the Charter, which reads: “Sub-Charterer”
                                         means a joint venture company between (i) Kalyon Insaat Sanayi Ve Ticaret A.S. and (ii)
                                         Kolin Insaat, Turizm, Sanayi Ve Ticaret A.S., or a nominee of either company.”

 

		(ff)	A new definition shall be
                                         included in Clause 1 of the Charter, which reads ““Commercial Availability”
                                         means the Commercial Availability in relation to regas performance as measured by the
                                         compliance on a particular FSRU Gas Day with the nominated daily quantity for such FSRU
                                         Gas Day in case of shortfall where:

 

AQ: (actual) Regasified
LNG Delivered Quantity

 

FQ: Nominated Daily Quantity”.

 

		(gg)	A new definition shall be
                                         included in Clause 1 of the Charter, which reads ““Guaranteed Nominal
                                         Regas Capacity” means the regasifying LNG in closed loop at a discharge rate
                                         equal to any discharge rate within the operational envelope between the Lowest Performance
                                         up to the Normal Performance”. 

 

		(hh)	A new definition shall be
                                         included in Clause 1 of the Charter, which reads ““Minimum Aggregate
                                         Availability” has the meaning set out in clause 27(b)(x)”.

 

		(ii)	A new definition shall be
                                         included in Clause 1 of the Charter, which reads: “”Sub-Charter Period”
                                         means a period beginning on the date on which the Vessel arrives at a place at or near
                                         the FSRU Terminal and has tendered its notice of readiness and ending on the later of
                                         (i) the date on which the Vessel is returned to Charterer in accordance with the terms
                                         of the Sub-Charter or such earlier date as the Sub-Charter is terminated or expires in
                                         accordance with its terms and (ii) the date the Vessel is permanently unmoored and disconnected
                                         from the FSRU Terminal and is ready and free to depart from the FSRU Terminal."

 

		(jj)	The definition of “Unscheduled
                                         Maintenance” in Clause 1 of the Charter shall be deleted.

 

		(kk)	The definition of “Unscheduled
                                         Maintenance Allowance” in Clause 1 of the Charter shall be deleted.

 

		(b)	In
                                         Clause 3 (a)(i) of the Charter, the reference to “SRV” shall be amended to
                                         read: “FSRU”.

 

    	 	8

     

    

 

Execution Version

 

		(c)	Clause
                                         3 (a) of the Charter shall be amended by the addition of the following sub-clauses (vi),
                                         (vii) and (viii):

 

		“(vi)	Owner will use
                                         reasonable endeavours to have on board one person with a good working knowledge of the
                                         Turkish language. For avoidance of doubt, Owner shall not be obligated to incur additional
                                         costs with regard to this requirement;

 

		(vii)	the master and chief
                                         officer shall combined in total have not less than twelve (12) months’ sailing
                                         and cargo operations experience in the past five (5) calendar years exercising responsibilities
                                         of a senior rank (master and/or chief officer) on board an gas tanker/FSRU. The chief
                                         engineer, one cargo engineer and the second engineer shall combined in total have not
                                         less than eighteen (18) months’ sailing and cargo operations experience in the
                                         past five (5) calendar years exercising responsibilities of a senior rank (chief engineer,
                                         cargo engineer and/or second engineer) on board a gas tanker/FSRU.

 

		(viii)	prior to the commencement
                                         of the Sub-Charter Period, the Owner shall, using Owner’s standard format and subject
                                         always to Sub-Charterer first having duly executed a “no poaching declaration”
                                         in a wording acceptable to Owner, provide Sub-Charterer with professional LNG tanker/FSRU
                                         histories in rank of the master, chief officer, chief engineer and cargo engineer (if
                                         applicable) serving on board the Vessel at the time of delivery. Prior to their assignment,
                                         similar histories shall be furnished for any new master chief officer, chief engineer
                                         or cargo engineer assigned to the Vessel during the Sub Charter Period.”

 

		(d)	Clause 3(c) of the Charter shall be amended by the addition
of the following:

 

			"If during the Sub-Charter
                                         Period, Owner changes or replaces the manager of the Vessel, it shall give reasonable
                                         consideration to any input from Sub-Charterer in this respect. Owner confirms that under
                                         the present circumstances it has no intention of changing or replacing the manager of
                                         the Vessel.”

 

		(e)	Clause 5 ("Period and Trading
                                         Limits") shall be amended by the addition of the following new sub-clauses (d),
                                         (e) and (f):

 

		“(d)	Notwithstanding
                                         anything to the contrary in Clauses 5(a), (b), and (c), Charterer shall, at no expense
                                         to Owner, provide or cause to be provided, at the FSRU Terminal, port and marine facilities
                                         capable of receiving the Vessel and berths and places which the Vessel can safely reach
                                         and return from without exposure to danger, and at which the Vessel can safely lie, load
                                         or discharge (as the case may be) always afloat. Furthermore, Charterer shall provide
                                         to Owner all relevant information required to meet the interface requirements of the
                                         FSRU Terminal as soon as reasonably possible. All reasonable costs incurred in implementing
                                         such modifications to the Vessel (and their later removal, if required to comply with
                                         the terms of this Charter), including the time taken to implement such modifications
                                         and to comply with such regulations necessary to allow the Vessel to load or discharge
                                         at the

 

    	 	9

     

    

 

Execution Version

 

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

 

FSRU Terminal, shall be for
Charterer’s account and shall be reimbursed to Owner in accordance with Schedule III. Charterer shall also be responsible,
and shall reimburse Owner in accordance with Schedule III, for all such reasonable costs incurred, including the necessary time
taken, should the interface requirements of or the regulations applicable to the FSRU Terminal be altered. 

 

The
meaning of “safe Port” is as specified in Appendix 2 to this Amendment No. 4 ."

 

		"(e)	Notwithstanding
                                         anything to the contrary in this Charter, Owner shall not under any circumstances whatsoever
                                         be obliged to go to and/or stay at an FSRU Terminal which has not entered into a Port
                                         Liability Agreement, acceptable to Owner’s P&I Club, with Owner.”

 

		"(f)	Charterer
                                         shall ensure that each LNG Carrier is compatible in all respects with the FRSU and its
                                         ship-to-ship transfer system, and Charterer shall pay Owner US$ ***** lumpsum fee for
                                         each ship-to-ship compatibility study that Owner undertakes in order to vet and check
                                         the compatibility of each LNG Carrier with the FSRU and its ship-to-ship transfer system
                                         on an LNG Carrier’s first visit to the FSRU at the FSRU Terminal or if an LNG Carrier
                                         has been modified since the vetting and compatibility study undertaken on such LNG Carrier’s
                                         first visit to the FSRU at the FSRU Terminal. Furthermore, Charterer shall pay Owner
                                         US$ ***** lumpsum fee for vetting and ship-to-ship compatibility study undertaken in
                                         respect of an LNG Carrier’s subsequent visit to the FSRU at the FSRU Terminal,
                                         provided that such LNG Carrier has not been modified since its last visit. Charterer
                                         shall not be liable for any cost or expense in relation to such vetting and compatibility
                                         studies in excess of the relevant lumpsum fee.”

 

		(f)	Clause 14 (a) shall be amended by
                                         the addition of the following sub-clause (v):

 

“(v) During the Sub Charter
Period, Sub-Charters shall have the right to fly the Project flag on the Vessel.”

 

		(g)	Clause 23 ("Loss of Vessel")
                                         shall be amended by deleting the words “GMT” wherever they occur and replacing
                                         them with “Turkish time”.

 

		(h)	Clause 24 ("Off-hire")
                                         of the Charter shall be amended to read: “Not Used”. Any use
                                         of the term “off-hire” elsewhere in the Charter and any references in the
                                         Charter to Clause 24 thereof shall be disapplied in their entirety when the Vessel is
                                         being used in FSRU Mode.

 

		(i)	Clause 25 (a) to (g) (“Dry-docking;
                                         Time for Scheduled Maintenance”) of the Charter shall be deleted in their entirety
                                         and replaced with the following:

 

“ 25. Time for
Maintenance

 

    	 	10

     

    

 

Execution Version

 

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

  

		(a)	Owner shall be permitted
                                         up to ***** days per every *****days, commencing from the first day of the Sub-Charter
                                         Period (the “Maintenance Allowance”) to take the FSRU out of service
                                         for maintenance, repair, and overhaul, for the performance of surveys, and for drydocking,
                                         including all related pre-docking and post-docking procedures and time spent proceeding
                                         to or from any port or place of dry-dock and the FSRU Terminal (or such other
                                         location as may be mutually agreed by the Parties) (collectively, the “Permitted
                                         Maintenance Events”), during which there shall be no reduction in Hire solely
                                         for the FSRU’s failure to meet the Performance Guarantees or to deliver any part
                                         of the Nominated Daily Rate. Scheduled maintenance shall only be undertaken between *****
                                         and ***** (inclusive) in each year of the Sub-Charter Period, and shall be identified
                                         in an annual maintenance plan to be provided by Owner to Charterer on a reasonable endeavours
                                         basis, based on Charterers operational requirements (which shall be provided by Charterer
                                         to Owner no later than ***** months prior to each year end, but in relation to the calendar
                                         year 2016, by the 8th December 2016) and which annual maintenance plan may be changed
                                         by Owner’s and Charterer’s mutual agreement .  

 

		(b)	The Maintenance Allowance
                                         shall not be reduced in whole or in part if an event described in Clause 27(b)(vii)(a)
                                         to (m) (but not including Clause 27(b)(vii)(g)) occurs during the performance of a Permitted
                                         Maintenance Event. Notwithstanding the foregoing, Owner shall use reasonable endeavours
                                         to avoid maintenance during such events set out above.

 

		(c)	The Maintenance Allowance
                                         shall be prorated on a straight line basis during the first and last years of the Sub-Charter
                                         Period to the extent that the date of Delivery and the date of Redelivery do not start
                                         or end at the end of a calendar year. To the extent that any Maintenance Allowance remains
                                         unutilized by Owner by the end of a year, such remaining Maintenance Allowance shall
                                         be forfeited and shall not be carried over into the next year.

 

		(d)	Owner shall not use more
                                         time for maintenance than is necessary and shall notify Charterer if any Maintenance
                                         Allowance is taken or will be taken. Owner shall consult with Charterer as far in advance
                                         as possible with regard to the timing, the duration and the requirement for any maintenance
                                         work.

 

		(e)	The FSRU shall be On-Hire
                                         during any period of the Maintenance Allowance, and all items to be provided and paid
                                         for by Charterer pursuant to Clause 9(a) shall be for Charterer’s account, and
                                         Owner’s use of the Maintenance Allowance shall not in any way or to 

 

    	 	11

     

    

 

Execution Version

 

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

 

any
extent whatsoever be regarded as a default, non-performance or breach by Owner of any obligation under or any provision of the
Charter.

 

		(f)	The Parties acknowledge
                                         that during a Permitted Maintenance Event the FSRU may not be available, in whole or
                                         in part, to provide Regasification or other services. If due to the nature of the Permitted
                                         Maintenance Event, the FSRU can continue to provide FSRU services, Owner shall inform
                                         Charterer and, upon Charterer’s request, shall provide such FSRU services, on a
                                         non-guaranteed basis.

 

		(g)	Notwithstanding anything
                                         to the contrary in this Clause 25, no scheduled dry-docking shall take place in the Sub-Charter
                                         Period, provided that the Sub-Charter Period does not extend beyond the date falling
                                         ***** days prior to the Vessels next scheduled dry-dock."

 

		(j)	Clause 26 ("Ship Inspection")
                                         shall be amended by the addition of the words “and Sub-Charterer, as applicable”
                                         after the word “Charterer” wherever it occurs.

 

		(k)	Clause 27 (“Performance”)
                                         of the Charter shall be deleted in its entirety and replaced with the following:

 

“(a)

 

		(i)	Owner undertakes and
                                         guarantees that at all times during the Sub-Charter Period the Vessel shall be capable
                                         of maintaining a maximum average daily boil-off of no more than *****% of the Vessel’s
                                         total cargo capacity. For purposes of establishing whether the Vessel has achieved performance
                                         as required under this Clause 27(a), the Parties shall discount periods when the Vessel
                                         (i) is discharging regasified LNG and/or loading or discharging LNG and (ii) when due
                                         to loading of LNG the saturated vapour pressure is above 170 mbarg. 

 

		(ii)	Boil-off calculation:
                                         Boil-off shall be measured by subtracting the volume of LNG contained in the Vessel’s
                                         tanks at gauging at the end of a 24 hour period of no discharging regasified LNG and/or
                                         loading or discharging LNG, but where the Vessel is still connected within the FSRU Terminal
                                         , from the volume of LNG contained in the Vessel’s tanks at gauging
                                         at the start of a 24 hour period of no discharging regasified LNG and/or loading or discharging
                                         LNG, but where the Vessel is still connected within the port at which the FSRU Terminal
                                         is sited. Actual boil-off shall be calculated using the mean value from 5 (five) distinct
                                         but consecutive measurements.

 

(b)

 

    	 	12

     

    

 

Execution Version

 

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

 

		(i)	Owner further undertakes,
                                         subject to the provisions of this Clause 27(b) and subject always to a start up period
                                         which shall end upon completion of the commissioning procedure which the Parties will
                                         use reasonable endeavors to develop and agree no later than one (1) month prior to the
                                         start of the Sub-Charter Period (“Start Up Period”), that the
                                         Regasification Components will, throughout the Term, enable the Vessel’s cargo
                                         to be regasified and discharged at a maximum regasified LNG discharge rate of ***** MMScf/day
                                         (“Normal Performance”), and at a minimum regasified LNG discharge
                                         rate of ***** MMScf/day (“Lowest Performance”). 

 

		(ii)	Upon every case that
                                         the Vessel’s Actual Discharge Rate being higher than the Normal Performance but
                                         less than ***** MMScf/day during regasification of LNG and has been in operation for
                                         three (3) periods of at least eight (8) hours without any unplanned shut down so that
                                         total testing time accumulates to twenty-four (24) hours, this Actual Discharge Rate
                                         shall immediately replace the current Normal Performance and such increase in the Normal
                                         Performance shall be formalized by the signing of the Parties of the Discharge Performance
                                         Certificate attached as Appendix 3 to Amendment No. 4 to the Charter dated ____ and made
                                         between the Owner and the Charterer (“Amendment No 4”). Normal Performance
                                         may be re-adjusted up to a maximum of ***** MMScf/day using this process.

 

Upon every case that the
Vessel’s Actual Discharge Rate being lower than the Lowest Performance but more than ***** MMScf/day during regasification
of LNG and has been in operation for three (3) periods of at least eight (8) hours without any unplanned shut down so that total
testing time accumulates to twenty-four (24) hours, this Actual Discharge Rate shall immediately replace the current Lowest Performance
and such decrease in the Lowest Performance shall be formalized by the signing of the Parties of the Discharge Performance Certificate
attached as Appendix 3 to Amendment No. 4. Lowest Performance may be re-adjusted down to a minimum of ***** MMScf/day using
this process.

 

		(iii)	Subject always to the
                                         provisions of Clause 27(b)(iv) below, Owner shall, subject to applicable terms of the
                                         FSRU Gas Nomination Procedures, deliver the Nominated Discharge Rate in accordance with
                                         the daily curve agreed with Charterer in accordance with the FSRU Gas Nomination Procedures
                                         (“Send Out Profile”), subject to such Send-Out Profile for that FSRU
                                         Gas Day being agreed no later than twelve (12) hours before the commencement of the relevant
                                         FSRU Gas Day.  In case the Owner fails to deliver gas in accordance with the Send
                                         Out Profile as required pursuant to the applicable terms of the FSRU Gas Nomination Procedures,
                                         then the applicable 

 

    	 	13

     

    

 

Execution Version

 

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

 

terms of the FSRU Gas
Nomination Procedures will apply to such failure (provided always that such terms are fair, reasonable and proportionate to the
failure). Owner shall use reasonable endeavors to accommodate any change to the Send Out Profile requested by Charterer, less
than twenty nine ((29) hours before the end of the relevant FSRU Gas Day (“Intraday Nomination”), but Owner
shall not be liable for any failure in this respect. 

 

During a FSRU Gas Day,
Owner and Charterer agree to a maximum of five (5) different Nominated Discharge Rates in total resulting in no more than 4 start-up/stop
per day, being understood that those Nominated Discharge Rates that have been requested intraday will be treated the same way
as an Intraday Nomination.

 

		(iv)	Whenever Charterer requests
                                         a Nominated Discharge Rate above Normal Performance or below Lowest Performance, Owner
                                         shall use reasonable endeavors to make such rate available, subject always to the maximum
                                         and minimum capacity of the Regasification Components. Notwithstanding the provisions
                                         of the immediately following paragraph, if the Vessel is incapable of discharging its
                                         cargo at such higher or lower rates, such performance shall not be considered Reduced
                                         Performance and Charterer shall not be entitled to pay hire at a rate equal to the Reduced
                                         Rate or claim a reduction in hire.

 

If,
on any day, commencing from 08.00 A.M. (Turkish local time) on that day and ending at 07.59 A.M. (Turkish local time) on the immediately
following day (an “FSRU Gas Day”), the Vessel’s actual discharge rate calculated over that FSRU Gas Day
as measured in accordance with Clause 27(b)(vi)-(vii) (the “Actual Discharge Rate”), is less than the daily
nominated discharge rate requested by Charterer in accordance with the FSRU Gas Nomination Procedures for that FSRU Gas Day (the
“Nominated Discharge Rate”), and such Actual Discharge Rate is lower than Normal Performance (such deficient
performance hereinafter being referred to as “Reduced Performance”), then a Hire Rate equal to a reduced rate
determined by ***** (the “Reduced Rate”) shall be payable for each of such FSRU Gas Day in respect of which
an Actual Discharge Rate lower than the Nominated Discharge Rate and the Normal Performance has been determined during the FSRU
Discharge Period in question. This Reduced Rate in case of Reduced Performance shall replace in its entirety Paragraph 4 of Schedule
III. For the avoidance of doubt, any reduction of hire to which Charterer is entitled under this Clause 27(b)(iv) shall be credited
against hire payments in accordance with Clause 12(a) as promptly as possible. 

 

    	 	14

     

    

 

Execution Version

 

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

 

		(v)	If on any day, commencing
                                         from 08.00 A.M. (Turkish local time) on that day and ending at 07.59 A.M. (Turkish local
                                         time) on the immediately following day, the Vessel’s Actual Discharge Rate calculated
                                         over that FSRU Gas Days as measured in accordance with Clause 27(b)(vi)-(vii) is over
                                         ***** percent (*****%) above the Nominated Discharge Rate (“Daily Over Delivery”),
                                         being understood that such Nominated Discharge Rate is lower than Normal Performance
                                         and higher than Lowest Performance, then a Hire Rate equal to a reduced rate determined
                                         by ***** shall be payable for each of such FSRU Gas Day in respect of which an Actual
                                         Discharge Rate above ***** percent (*****%) than the Nominated Discharge Rate.

 

		(vi)	If no discharge of regasified
                                         LNG is currently ongoing from the Vessel, measurement of the Actual Discharge Rate shall
                                         commence when the vaporizers, piping and pressurizing risers are cooled down and the
                                         last high pressure pump required to achieve the ordered discharge rate is placed
                                         on line and the Vessel starts the discharge of Regasified LNG, and shall terminate
                                         when the first high pressure pump is secured near the end of the discharge (“FSRU
                                         Discharge Period”). 

 

Prior to the commencement
of a FSRU Discharge Period a notification of FSRU Readiness to Discharge Gas (as defined in the FSRU Gas Nomination Procedures)
shall be delivered by Charterer to Owner in accordance with the FSRU Gas Nomination Procedures and an FSRU Discharge Period shall
start no later than ***** hours after Owner’s receipt of the above notification, unless such time is extended by reasons
attributable to Charterer, Sub-Charterer, the FSRU Terminal, governmental or regulatory authorities or Force Majeure (as defined
in the FSRU Gas Nomination Procedures).

 

The Actual Discharge Rate
shall be the rate of regasified LNG discharged as measured by the Vessel’s metering station. When measuring the Actual Discharge
Rate against Normal Performance, Lowest Performance or Nominated Discharge Rate a variation of ***** percent (*****%) shall be
allowed. 

 

Normal Performance or Lowest
Performance shall be based upon LNG with a chemical composition pursuant to Appendix 1 of Amendment No. 4.

 

		(vii)	The performance of
                                         the Vessel in relation to the warranty contained in this Clause 27(b) shall be reviewed
                                         on the 25th day of each calendar month, and the results accumulated and compensation,
                                         if any, shall be assessed and paid at the next hire payment due at the

 

    	 	15

     

    

 

Execution Version

 

beginning of the following
calendar month. For purposes of establishing whether the Vessel has achieved performance as required under Clause 27(b) and calculating
the Hire Rate, the Parties shall discount any FSRU Gas Day (or in case of (g) below, only the relevant part of the FSRU Gas Day,
provided that the volumes required in such part of the FSRU Gas Day in accordance with the Send Out Profile shall be disregarded
and the Nominated Discharge Rate for that FSRU Gas Day shall be adjusted accordingly):

 

		(a)	where the FSRU Terminal
                                         is not ready or able to receive the Nominated Discharge Rate specified by Charterer in
                                         accordance with the FSRU Gas Nomination Procedures and at the corresponding pressures
                                         and temperatures;

 

		(b)	where Charterer has
                                         requested Intraday Nominations as per clause 27 b) (iii);

 

		(c)	where Charterer has
                                         instructed the Vessel to proceed from the FSRU Terminal;

 

		(d)	where the Vessel is
                                         prevented from approaching or remaining and/or operating at the FSRU Terminal by any
                                         relevant regulatory or governmental authority by reason other than a failure or default
                                         on part of the Vessel or Owner;

 

		(e)	where the Vessel is
                                         required to disconnect and/or to depart from the FSRU Terminal or is prevented from discharging
                                         her cargo as regasified LNG by reason of compliance with the applicable requirements
                                         and guidelines of the Classification Society, the Vessel’s Flag State or any
                                         other relevant regulatory authority and/or with such requirements as set out in the FSRU
                                         operating manual in relation to the Vessel’s safe operation, cargo management and/or
                                         filling level restrictions;

 

		(f)	where there is not
                                         a required amount of LNG onboard the Vessel to obtain the Nominated Discharge Rate in
                                         accordance with the FSRU Gas Nomination Procedure;

 

		(g)	where the Owner is
                                         using the Maintenance Allowance;

 

		(h)	where, other than for
                                         reasons solely attributable to Owner’s negligence, the ship-to-ship transfer system
                                         and/or the Downstream Systems are not ready or able to provide or receive the Nominated
                                         Discharge Rate specified by Charterer in accordance with the FSRU Gas Nomination Procedures
                                         and at the corresponding pressures and temperatures; 

 

    	 	16

     

    

 

Execution Version

 

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

 

		(i)	where the Vessel is
                                         prevented from discharging by other events within the port or where there is a wider
                                         risk to safety or the environment;

 

		(j)	where the Nominated
                                         Discharge Rate is between ***** MMscf/day and ***** MMscf/day and can only be achieved
                                         using the low capacity regas pump skid, unless a fourth (4th) pump has been
                                         delivered on board the Vessel by WOGS before the commencement of operations in Turkey
                                         and any subsequent failure of the Vessel to achieve the aforementioned Nominated Discharge
                                         Rate is caused by Owner’s error or negligence; 

 

		(k)	where the Nominated
                                         Discharge Rate is between ***** MMscf/day and ***** MMscf/day, during the first *****
                                         FSRU Gas Days after completion of the commissioning of the low capacity regas pump skid;

 

		(l)	any Nominated Discharge
                                         Rate that can only be achieved using the HP compressor and the HP Compressor is not available;
                                         or 

 

		(m)	where the Vessel is
                                         required to stop regas operations in order to switch the selected ship-shore link between
                                         the Vessel and the LNG Carrier, or between the Vessel and the jetty.

 

			If at any time after the completion
                                         of the commissioning of the low capacity regas pump skid, a long term failure (≥2
                                         months) of the ability to provide between ***** MMscf/day and ***** MMscf/day occurs
                                         then the Parties will meet to discuss a reasonable solution and adjusted penalty mechanism.

 

		(viii)	Notwithstanding
                                         the provisions of this Clause 27(b), if at any stage the Actual Discharge Rate achieved
                                         by the Vessel is less than Normal Performance due to a defect in the Regasification Components
                                         (and such lower discharge rate has not been requested by Charterer in accordance with
                                         the FSRU Gas Nomination Procedures), Owner shall, subject to the provisions of Clause
                                         25, be entitled to repair such defect in the Regasification Components and/or the Vessel
                                         by the Vessel proceeding to dry-docking in accordance with the provisions of Clause 25(h).
                                         Before committing to a dry dock, Owner shall always consult with the Charterer to assess
                                         alternative solutions. The Owner shall make its reasonable endeavours to implement solutions
                                         in-situ if requested by the Charterer.

 

    	 	17

     

    

 

Execution Version

 

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

 

		(ix)	The Vessel shall
                                         be capable of regasifying LNG in a closed-loop heating mode using steam from the Vessel’s
                                         regas boilers as the primary heating medium at a daily Nominated Discharge Rate with
                                         a pressure of ***** to ***** barg and a temperature of ***** to *****◦C
                                         at the outlet of the regas skid.

 

		(x)	If the average Commercial
                                         Availability of the regas system (inclusive of the Annual Maintenance Allowance) measured
                                         over a period of twelve (12) consecutive months, or twenty-four (24) nonconsecutive months
                                         is below ***** per cent (*****%) at the Guaranteed Nominal Regas Capacity (the "Minimum
                                         Aggregate Availability"), the Charterer shall have the right to require the
                                         Owner to change the Manager pursuant to Clause 3(e) of the Charter”.

 

		(l)	Clause 52(c)(iv) and (v) of the Charter
                                         shall be amended to read in its entirety: “Not Used”.

 

		(m)	The second sentence of Clause 53 of
                                         the Charter shall be amended to read in its entirety:

 

“The foregoing notwithstanding,
no term of this Charter other than Clauses 68(a) and (b) (as amended by Amendment No. 4) and Clause 68(c), is enforceable under
the Contracts (Rights of Third Parties) Act 1999 by a person or entity who is not a party to it, except that the Mortgagee shall
have the benefit of and may enforce the provisions of Clause 14 of Amendment No. 4.”

 

		(n)	Clause 68(a) and 68(b) of the Charter
                                         shall be deleted and replaced in its entirety with the following:

 

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

 

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

 

    	 	18

     

    

 

Execution Version

 

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

 

no member of Charterer’s
Group shall be under any liability to any member of Owner’s Group in respect of damage to, or loss or destruction of, their
personal property unless such damage to, or loss or destruction of, personal property is caused by the gross negligence or willful
misconduct of any member of Charterer’s Group.”

 

		(o)	Appendix I to Schedule I of the Charter
                                         shall be amended to read in its entirety: “Not Used”. Any references
                                         in the Charter to Appendix I to Schedule I thereof, any uses of the term “Primary
                                         Terminal” in the Charter shall be deemed deleted in their entirety.

 

		(p)	Schedule X of the Charter ("Gas
                                         Nomination Procedures") shall be deleted in its entirety and shall be replaced
                                         with a new Schedule X ("FSRU Gas Nomination Procedure"). The Parties
                                         will use their reasonable endeavors to develop and agree said procedures.

 

		5.2	All terms and conditions of the Charter,
                                         except to the extent modified or changed by this Amendment No. 4 shall remain in full
                                         force and effect. However, such terms and conditions shall be interpreted in light of
                                         and in such way to give effect to the intention of the Parties set out in Clause 2 above,
                                         provided however that, any further amendment or modification to the Charter that may
                                         be required during the Sub-Charter Period shall always be agreed in writing between the
                                         Parties.

 

		5.3	For the avoidance of doubt and with
                                         reference to paragraph 1.2(c)(ii) to Schedule III of the Charter, Owner shall not in
                                         any circumstances whatsoever be forced or obliged to lay off any of the Vessel’s
                                         master, officers or crew. However, Owner shall use reasonable endeavours to mitigate
                                         the Variable Element cost (i.e. manning and crew travel expenses).

 

		5.4	For the avoidance of doubt and without
                                         prejudice to Clauses 1-4, 5.2, 5.3, 5.4, 5.5, 5.6, 6-15 and 18 of this Amendment No.
                                         4 for any Voyage the Charter shall apply without the amendments and/or additions set
                                         out in Clause 5.1 of this Amendment No. 4.

 

		5.5	For the avoidance of doubt and without
                                         prejudice to Clauses 1-4, 5.2, 5.3, 5.4, 5.5, 5.6, and 7-15 of this Amendment No. 4,
                                         upon expiry of the Sub-Charter Period the Charter shall apply without the amendments
                                         and/or additions set out in Clauses 5.1, 5.6, 6, 8, 9, 10, 11, 12, 18 and 19 of this
                                         Amendment No.4, but without prejudice to any rights, obligations or liabilities that
                                         may have accrued prior to the expiry of Sub-Charter.

 

		5.6	At any time during the Sub-Charter
                                         Period when a Voyage is occurring, each of the Unscheduled Maintenance Allowance specified
                                         in Clause 25(d) of the Charter and each of the Off hire Allowance specified in Clause
                                         24(h) of the Charter shall be reduced to an allowance equal to the original Unscheduled
                                         Maintenance and Off-hire Allowances, multiplied by the number of days in the then-current
                                         year of the Sub-Charter Period during which a Voyage has occurred, divided by ***** days.

 

    	 	19

     

    

 

Execution Version

 

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

 

		6.	Voyage

 

		6.1	At any time during the Sub-Charter
                                         Period, the Sub-Charterer shall be entitled to use the Vessel in LNG carrier mode (“LNG
                                         Carrier Mode”) and order the Vessel on a Voyage. Charterer shall inform in
                                         writing Owner of Sub-Charterer’s intention to use the Vessel in LNG Carrier Mode
                                         and Owner shall as soon as reasonably possible and in all cases within a maximum *****
                                         days of receipt of said notice, inform the Charterer when at the soonest the Vessel can
                                         proceed to said Voyage, being understood that this date shall not be later than *****
                                         days after receipt of Charterer’s notice.

 

		6.2	If Owner is requested by Charterer
                                         to prepare the Vessel for a Voyage including but not limited to removal of any fouling,
                                         then to the extent not covered by paragraph 1.2 of Schedule III, Charterer shall reimburse
                                         Owner for the documented related costs within ***** days of receipt of Owner’s
                                         invoice.

 

		6.2	Notwithstanding anything to
                                         the contrary in the Charter, during a Voyage Owner shall not be deemed to be in breach
                                         of any provisions of the Charter to the extent such breach is caused by or otherwise
                                         directly attributable to the use of the Vessel in FSRU Mode. 

 

		6.3	Unless Owner has been allowed
                                         to perform Voyage preparations in order for the Vessel to meet its original performance
                                         guarantees of the Charter, Clauses 27(a)(i)-(ii), the part of Clauses 27(c)(i) pertaining
                                         to speed and the part of Clause 27(c)(ii) pertaining to fuel oil consumption (not related
                                         to excess boil off) shall not apply to any Voyage.

 

		7.	Reinstatement
                                         Work to the Vessel

 

		7.1	At the expiry of the Sub-Charter Period,
                                         or where Sub-Charterer has exercised its rights in accordance with the Sub Charter to
                                         operate the FSRU in LNG Carrier Mode (and Charterer has notified Owner accordingly),
                                         then notwithstanding Clause 6.1 above, Owner shall have the right to arrange for the
                                         following reinstatement works to be carried out on the Vessel at a shipyard or other
                                         place to be agreed to by the Parties (collectively, the Reinstatement Work):

 

		(a)	underwater hull and propeller cleaning
                                         of the Vessel, subject to Clause 7.3;

 

		(b)	general overhaul of the Vessel’s
                                         propulsion systems; and

 

		(c)	to the extent any item of Modification
                                         Work or other equipment affixed to the Vessel which was requested by Charterer is unacceptable
                                         to Owner with respect to the Vessel operating in LNG Carrier Mode, removing such item
                                         of Modification Work or such other equipment and repairing or restoring any part of the
                                         Vessel directly related thereto.

 

    	 	20

     

    

 

Execution Version

 

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

 

		7.2	Owners will endeavor for *****
                                         days but in any event not less than ***** days before the start of any Reinstatement
                                         Work, Owner shall notify Charterer in writing of the anticipated costs for performing
                                         such Reinstatement Work (including detailing the scope of the Reinstatement Work involved
                                         subject to Clause 7.1, and Charterer shall reimburse Owner for any direct, reasonable
                                         and documented costs incurred by Owner for such Reinstatement Work. For the avoidance
                                         of doubt, the Vessel shall be on-hire, and the performance warranties set out in Clause
                                         27 of the Charter shall not apply, for the time taken to perform the Reinstatement Work,
                                         including for any time spent at, and time spent in transit to and from the relevant shipyard,
                                         and such time shall not count against the Drydocking Allowances or the Unscheduled Maintenance
                                         Allowances set forth in the original Clause 25(d) of the Charter.

 

		7.3	Notwithstanding the Reinstatement Work
                                         to be arranged by Owner pursuant to Clauses 7.1 and 7.2 above, Charterer acknowledges
                                         that Owner arranged for certain modification work to be carried out in accordance with
                                         the provisions of Clause 3 of Amendment No. 2 (the “Amendment No. 2 Modification
                                         Work”). Consequently, it is agreed that in addition to the Reinstatement Work
                                         to be arranged pursuant to Clauses 7.1 and 7.2 of this Amendment No. 4, any reinstatement
                                         work that would have been carried out by the Charterer under Clause 7 of Amendment No.
                                         2 (the “Amendment No. 2 Reinstatement Work”) at the expiry of the
                                         “Sub-Charter Period” (as such term is defined in Amendment No. 2), shall
                                         now be at carried out by Charterer no later than at the end of the Term of the Charter,
                                         and otherwise in accordance with the provisions of Clause 7 of Amendment No. 2.

 

		7.4	Notwithstanding the foregoing provisions
                                         of this Clause 7, Owner shall have no responsibility or liability to Charterer in the
                                         event that the Vessel fails to comply with any applicable regulation and/or requirement
                                         of any Primary Terminal, arising from:

 

		(a)	any item of Modification Work implemented
                                         on the Vessel or other equipment affixed to the Vessel which was requested by Charterer
                                         to the extent that it is not removed as part of the Reinstatement Work or in accordance
                                         with Clause 7.5 below; and

 

		(b)	Amendment No. 2 Modification Work implemented
                                         on the Vessel to the extent that Charterer has not carried out the Amendment No. 2 Reinstatement
                                         Work in respect thereof,

 

and the Vessel shall not be
off-hire in respect of any loss of time (whether by way of an interruption in the Vessel’s service or from a reduction in
the Vessel’s performance, or in any other manner) resulting therefrom.

 

		7.5	Furthermore, at the expiry of the Charter,
                                         Charterer shall have the right to remove any item of Modification Work, provided that
                                         Charterer shall repair and restore any part of the Vessel directly related thereto. All
                                         costs relating to such removal, repair and restoration work shall be for Charterer’s
                                         account, and the Vessel shall be on-hire, and the performance warranties set out in Clause
                                         27 of the Charter shall not apply, for the time taken to perform such work, including
                                         for any time spent at, and time spent in

 

    	 	21

     

    

 

Execution Version

 

			transit to and from the relevant shipyard,
                                         and such time shall not count against the Drydocking Allowances or the Unscheduled Maintenance
                                         Allowances set forth in the original Clause 25(d) of the Charter.

 

		7.6	If Charterer elects not to remove any
                                         item of Modification Work in accordance with Clause 7.5 above, ownership of and title
                                         in such Modification Work shall automatically transfer from Charterer to Owner on the
                                         expiry of the Charter Period unless the Parties mutually agree otherwise.

 

		8.	Indemnities

 

8.1

 

		(a)	Charterer shall indemnify and hold
                                         Owner Group harmless from any charges, costs, expenses, claims, liabilities and losses
                                         whatsoever (except for charges, costs, expenses, claims, liabilities and losses relating
                                         to the tax implications addressed in Clause 8.2 below) which Owner Group may incur as
                                         a consequence of the Sub-Charter including any failure on the part of Charterer to obtain
                                         any of the licences, permits, certificates, authorisations and/or exemptions (as applicable)
                                         that are required to be obtained by Charterer pursuant to the provisions of Clause 4
                                         above, and, for the avoidance of doubt, that exceed charges, costs expenses, claims,
                                         liabilities and losses that Owner Group would have otherwise been liable for under the
                                         Charter. Furthermore, Charterer shall indemnify and hold Owner Group harmless from any
                                         charges, costs, expenses, claims, liabilities and losses whatsoever which Owner Group
                                         may incur as a consequence of (i) registering one or more permanent establishments or
                                         branches in the Republic of Turkey should it become evident that the registration of
                                         one or more permanent establishments or branches is necessary in order for the Owner
                                         Group to operate the Vessel in FSRU Mode in Turkey in full compliance with Turkish laws;
                                         and (ii) deregistering such permanent establishments or branches should same no longer
                                         be required at the expiry of the Sub-Charter Period (or earlier if necessary).

 

		(b)	It is agreed between Owner and Charterer
                                         that the Sub-Charter and any other documents to be entered into pursuant to or in connection
                                         with the Sub-Charter are not intended to impose upon Owner Group any greater liability
                                         than that contemplated by the Charter and further, the indemnity by Charterer in sub-clause
                                         8.1(a) above, subject only to the confirmation, clarification and agreement below, covers
                                         all liabilities which would not, under the original Charter, without any Sub-Charter,
                                         have been suffered by Owner or any other member of Owner Group.

 

		(c)	It is confirmed, clarified and agreed
                                         as follows:

 

		(i)	that sub-clause 8.1(a) above shall
                                         not apply to any liability specifically addressed by Clause 68 of the Charter as amended
                                         ("Specified Liabilities"), which shall subsist and be construed in accordance
                                         with their terms regardless of where any Specified Liabilities may be suffered or incurred
                                         (including during any use or operation of the Vessel as an FSRU in the Republic of Turkey
                                         or in LNG Carrier Mode) and regardless of the nationality of the Party or Parties to
                                         whom any Specified Liabilities are incurred (and Specified Liabilities are hereby confirmed
                                         to be liabilities which do not fall within the

 

    	 	22

     

    

 

Execution Version

 

scope of the
words "as a consequence of the Sub-Charter" in sub-clause 8.1(a) above);

 

		(ii)	that Owner's liability for any
                                         tortious act (which includes negligence) by Owner or any member of the Owner's Group
                                         to any third party shall be treated in the same manner as such tortious act would be
                                         treated under the Charter, and the fact that any such tortious act may be committed during
                                         operation of the Vessel as an FSRU in the Republic of Turkey or in LNG Carrier Mode shall
                                         not change the allocation of liability which would otherwise apply as a consequence of
                                         such tort occurring under the Charter; nor shall the geographical location of any tortious
                                         act or the nationality of the Party or Parties injured by such tortious act(s) affect
                                         in any way the allocation of liability therefor. The fact that a tortious act to any
                                         third party is committed by Owner or any other member of the Owner Group while operations
                                         are conducted under the Sub-Charter does not affect in any way the culpability and liability
                                         of Owner or any member of the Owner Group for such tortious act(s) (and liability for
                                         such acts shall be treated as if they had occurred under the Charter); and any resulting
                                         loss suffered by Owner or any member of Owner Group shall not be covered by the indemnity
                                         in sub-clause 8.1(a) above (i.e., such acts are not contemplated by Owner and Charterer
                                         as falling within the scope of the words "as a consequence of the Sub-Charter"
                                         in sub-clause 8.1(a) above) save and except that any indemnities or limitations or exclusions
                                         of liability available to Owner under the Charter (excluding sub-clause 8.1(a) above)
                                         shall apply and shall be available to Owner in respect of any liability arising from
                                         use of the Vessel by Sub-Charterer as an FSRU in the Republic of Turkey or in LNG Carrier
                                         Mode;

 

		(iii)	that the indemnities in sub-clause
                                         8.1(a) above and in Clause 8.2 below shall extend to and for the benefit of each member
                                         of Owner Group and that each member of Owner Group shall have the benefit of and may
                                         enforce those provisions notwithstanding Clause 15 of this Amendment No.4

 

		8.2	

 

		(a)	Irrespective of whether or not the
                                         Owner or any applicable member of the Owner Group is in compliance with all relevant
                                         laws and regulations applicable to the Vessel’s operation in the Republic of Turkey
                                         in FSRU Mode, Charterer shall always be liable for and shall indemnify and hold harmless
                                         Owner and each other member of Owner Group, on a net, after tax basis, against all Turkish
                                         Taxes; it being understood that any tax credit that Owner obtains, or would have obtained
                                         if a relevant tax credit claim had been made by Owner or other member of Owner Group,
                                         in relation to such Turkish Taxes shall be deducted from Charterer’s future indemnification
                                         amounts when the creditable amount has been confirmed based on a final tax assessment.
                                         If Charterer is entitled to a deduction in future indemnification amounts according to
                                         the above, but such deduction cannot be made, Owner shall reimburse Charterer accordingly.
                                         For the avoidance of doubt, the provisions of Clause 52 ("Taxes") shall
                                         apply to taxes other than Turkish Taxes.

 

		(b)	Notwithstanding the provisions of sub-clause
                                         8.2(a) above, Owner and any member of Owner Group shall take reasonable measures to mitigate
                                         where reasonably and practically possible its tax exposure related to its presence in
                                         the Republic of Turkey

 

    	 	23

     

    

 

Execution Version

 

by rotating
where reasonably practicable the crew thereby mitigating Owner and any member of Owner Group’s liability to pay income tax
or social security charges for its crew in the Republic of Turkey. Owner and any member of Owner Group shall use reasonable endeavours
to ensure that any ratings employed upon the Vessel shall not remain on the Vessel for more than a total of one hundred and eighty
(180) days in any calendar year. The Parties acknowledge that ordinarily the master and officers employed upon the Vessel operate
on an “alternating” basis, and that such “alternating” arrangement would require modification in order
to meet the 180 day maximum threshold. Notwithstanding the immediately preceding sentence, Owner and any member of Owner Group
shall discuss in good faith with Charterer the implications and possible resolutions in order that the 180 day maximum threshold
might be met.

 

“Owner
Group”, for the purposes of this Clause 8 and Clause 9 below means Owner or its successor in application of the provisions
of Clause 21(b) of the Charter, Höegh LNG Holdings Ltd., Höegh LNG Ltd., Höegh LNG AS, Höegh LNG Fleet Management
AS, Höegh LNG Maritime Management Pte. Ltd., Mitsui O.S.K Lines, Ltd., Tokyo LNG Tanker Co. Ltd., Höegh LNG Partners
L.P and Höegh LNG Partners Operating LLC and such other directly or indirectly wholly owned subsidiary of Höegh LNG
Holdings Ltd. that is providing management services to the Owner in relation to the Vessel, and for the purposes of sub-clause
8.2(a) above only, such term includes any employees or other officers of the companies listed above or any master, officers or
crew employed upon the Vessel.

 

		9.	Compliance
                                         with laws when in FSRU Mode

 

		9.1.	Without prejudice to Charterer’s
                                         obligation under Clause 4 of this Amendment No. 4, Owner shall use reasonable efforts
                                         to comply and cause each applicable member of Owner Group to comply with all relevant
                                         laws and regulations applicable to the Vessel's operation in the Republic of Turkey in
                                         FSRU Mode, including the provision (either directly to government authorities or to Charterer,
                                         as applicable) of any documentation required by applicable law and governmental authorities
                                         (with a copy to Charterer in the event such documentation is directly sent to government
                                         authorities).

 

		9.2	The following is
                                         agreed in respect of Owner's obligations under Clause 9.1:

 

		(a)	Subject to the provisions of Clauses
                                         9.1 and 9.2:

 

		(i)	Charterer’s indemnity shall
                                         extend to Owner's costs of compliance, if any, with the law of the Republic of Turkey
                                         both current law and any future changes of law; and

 

		(ii)	Charterer’s indemnity
                                         shall cover Owner and Owner Group for the consequences of failure to comply with the
                                         law of the Republic of Turkey provided that Owner and Owner Group shall have used reasonable
                                         efforts to comply with such laws. For the avoidance of doubt, Owner shall have no liability
                                         to Charterer for the consequences of failure to comply with the law of the Republic of
                                         Turkey provided Owner and Owner Group use reasonable efforts to so comply.

 

    	 	24

     

    

 

Execution Version

 

		(b)	Charterer shall inform Owner of applicable
                                         provisions of the law of the Republic of Turkey which are not available from public sources
                                         and of proposed or imminent new laws or amendments to laws that Charterer is aware of
                                         and which may be relevant to Owner for purposes of the Project. For the avoidance of
                                         doubt, Charterer shall in no event be held liable for not transmitting such information
                                         to Owner of which Charterer has no knowledge.

 

		(c)	Charterer shall use reasonable efforts
                                         to obtain and remit to Owner information from Sub-Charterer regarding any relevant agreements
                                         between Sub-Charterer and any Turkish governmental authorities relating to the Project
                                         which may be reasonably likely to affect the Vessel, Owner and/or any member of Owner
                                         Group and supply same to Owner for purposes of the Project. For the avoidance of doubt,
                                         Charterer shall never be held liable for not transmitting such information that is not
                                         known to it or for which is subject to any requirements of confidentiality of Charterer
                                         or Charterer’s Group.

 

		10.	Compliance
                                         with Sanctions when in FSRU Mode

 

		10.1	Owner shall not be obliged to operate
                                         the Vessel as an FSRU (including taking on board LNG, regasifying LNG or discharging
                                         regasified LNG) in a manner which, in the reasonable judgement of Owner, would be contrary
                                         to sanctions laws imposed by the UN Security Council, Norway, the United Kingdom, the
                                         European Union, the United States or the government of the Flag State (“Sanctions
                                         Laws”).

 

		10.2	If the Vessel is already operating
                                         as an FSRU (including taking on board LNG, regasifying LNG or discharging regasified
                                         LNG) in a manner to which new Sanctions Laws are applied, Owner shall have the right
                                         to refuse to proceed with the operation and to make arrangements for any LNG on board
                                         the Vessel to be discharged and redelivered to Charterer. The Vessel to remain on hire
                                         during such discharge and Charterer to remain responsible for all additional costs and
                                         expenses incurred in connection with such discharge.

 

		10.3	Charterer shall indemnify Owner against
                                         any and all claims whatsoever brought by parties to whom regasified LNG is to be sold
                                         by Charterer and/or by Sub-Charterer against Owner by reason of Owner's compliance with
                                         this Clause 10.

 

		10.4	In the circumstances where Clause
                                         10.1 or 10.2 applies, either Party shall be entitled to require the Vessel to cease to
                                         be operated as an FSRU in accordance with this Amendment No. 4 with immediate effect
                                         by giving written notice to the other Party, without liability of either of the Parties.
                                         In such event the Vessel shall cease to be operated as an FSRU unless and until such
                                         operation resumes in accordance with Clause 10.5 or the Vessel can operate in such a
                                         manner that is not contrary to Sanctions Laws. The circumstances giving rise to any cessation
                                         of Vessel being operated as an FSRU shall be deemed to be an event falling within Clause
                                         30(a) of the Charter.

 

		10.5	Owner and Charterer shall use all
                                         reasonable endeavours to apply for and obtain any applicable license or authorisation
                                         which will enable the Vessel to operate as an FSRU in accordance with this Amendment
                                         No. 4, notwithstanding the circumstances giving rise to the operation of this Clause
                                         10 and upon the obtaining of such license or

 

    	 	25

     

    

 

Execution Version

 

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

 

			authorisation either Party shall be entitled
                                         to require the Vessel to resume operation as an FSRU in accordance with this Amendment
                                         No. 4.

 

		10.6	Notwithstanding anything in this Clause
                                         10 to the contrary, Owner and Charterer shall not be required to do anything which constitutes
                                         a violation of Sanctions Laws or of any other laws and regulations of any country to
                                         which either of them is subject.

 

		10.7	Charterer shall procure that this
                                         Clause 10, or the appropriate parts as applicable, are incorporated into the Sub-Charter,
                                         contracts of carriage and Bills of Lading issued pursuant to the Charter with third party
                                         rights for the benefit of Owner.

 

		11.	War and civil disturbances when
                                         in FSRU Mode

 

		11.1	The Vessel shall not be required to
                                         continue to or remain in Turkey nor be used for any service which will cause the Vessel
                                         to be within a zone which is dangerous ("Risk Zone") as a result of
                                         any actual or threatened act of war, hostilities, warlike operations, acts of piracy
                                         by any person whatsoever, or by revolution, civil war or civil commotion.

 

		11.2	Should the Vessel be in, or approach,
                                         or be brought or ordered within any such Risk Zone (even though it may already be in
                                         Turkey), or be exposed in any way to those risks, the Parties shall, to the extent reasonably
                                         practicable meet to agree to mutually acceptable mitigating actions, failing which within
                                         ***** days either party shall be entitled to require the Vessel to cease to be operated
                                         as an FSRU in accordance with this Amendment No. 4 with immediate effect by giving written
                                         notice to the other Party, without liability for either of the Parties. The Vessel shall
                                         remain on-hire for such period of ***** days, whereupon the circumstances giving rise
                                         to any cessation of Vessel being operated as an FSRU shall be deemed to be an event falling
                                         within Clause 30(a) of the Charter.

 

		11.3	Notwithstanding anything in this Clause
                                         11 to the contrary, the Master shall at all times have the ultimate responsibility for
                                         the safety of the Vessel and/or her crew. The Master shall be entitled to refuse the
                                         Vessel’s entry into a Risk Zone or remove the Vessel from a Risk Zone if in the
                                         Master’s opinion there is a material risk to the safety of the Vessel and/or her
                                         crew if the Vessel were either to enter into or remain within the Risk Zone.

 

		12.	Exclusion of Consequential Loss

 

Notwithstanding anything
to the contrary contained in, or implied by, this Amendment No. 4 or any conditions of use, each Party shall each bear its own
Consequential Loss and shall be responsible for, and shall protect, defend, indemnify and hold harmless the other Party in respect
of any Consequential Loss suffered or sustained by the indemnified party and/or the indemnified party’s Group, irrespective
of the negligence, breach of duty (statutory or otherwise), breach of contract, breach of warranty, or strict liability of the
person to be indemnified. The term "Consequential Loss" as used in this Clause 12 shall mean (a) any consequential
or indirect loss under English law; and/or (b) loss and/or deferral of production,

 

    	 	26

     

    

 

Execution Version

 

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

 

loss of product, loss
of use, loss of revenue, profit or anticipated profit (if any), losses or damages under other contracts or loss of opportunity,
in each case whether direct or indirect to the extent that these are not included in paragraph (a) above, and whether or not foreseeable
and in each case howsoever arising out of or related to the use or operation of the FSRU Terminal or otherwise in connection with
the FSRU Terminal and not just limited (by implication or otherwise) to the subject-matter of this Amendment No. 4. The term "Group"
as used in this Clause 12 shall mean the parent companies, subsidiaries, affiliates, employees, agents and sub-contractors (of
any tier) of a Party.

 

		13.	Costs
                                         and Expenses

 

		13.1	Charterer shall compensate Owner for
                                         all time spent and all reasonable, direct and documented costs and expenses incurred
                                         by Owner in connection with or related to (i) the Sub-Charterer, the Project and/or the
                                         Sub-Charter, and/or (ii) the negotiation, preparation and completion of this Amendment
                                         No. 4 and any other documents related to the Sub-Charter, including but not limited to
                                         reasonable travel expenses and legal costs, provided however that such costs have been
                                         approved in advance and in writing by Charterer.

 

		13.2	The following costs are deemed to
                                         be approved in advance and in writing by Charterer as per the date of this Amendment
                                         No. 4:

 

		(a)	Any legal costs incurred or which may
                                         incur, for the Owner’s account under the Facility Agreement between the Owner and
                                         Owner’s Financiers in connection with or related to the negotiation, preparation
                                         and completion of this Amendment No. 4 and any other documents related to the Sub-Charter;
                                         and

 

		(b)	Up to USD ***** for Owner’s external
                                         legal cost in connection with or related to the negotiation, preparation and completion
                                         of this Amendment No. 4 and any other documents related to the Sub-Charter, documented
                                         by copies of the relevant invoices.

 

Charterer shall compensage
Owner for Owner’s reasonable, direct and documented costs and expenses incurred by Owner in connection with or related to
(i) Sub-Charterer, the Project and/or Sub-Charter and /or (ii) the negotiation, preparation and completion of this Amendment No.
4 and any other documents related to the Sub-Charter, provided these costs are not already included as operating costs or in the
management fee paid for by Charterer to Owner under the Charter.

 

		14.	Confirmation

 

		14.1	The Charterer hereby represents, warrants
                                         and confirms that the Sub-Charter includes provisions:

 

		(a)	expressly acknowledging the existence
                                         of the mortgage over the Vessel executed by the Owner in favour of the Mortgagee as Security
                                         Trustee for a syndicate of lenders and registered at the Norwegian International Ship
                                         Register;

 

    	 	27

     

    

 

Execution Version

 

		(b)	expressly acknowledging that Sub-Charterer
                                         rights under the Sub-Charter are subject and subordinate to the Owner’s rights
                                         under the Charter (with effect that, without limitation, Sub-Charterer shall not assert
                                         any claim against the Owner or the Vessel by reason of any breach by the Charterer of
                                         the Sub-Charter); and

 

		(c)	agreement that Sub-Charterer shall
                                         not assert any claim against the Owner for wrongful interference with Sub-Charterer’s
                                         rights (or any similar or equivalent claim) in respect of any actions taken by the Owner
                                         in compliance with the Charter.

 

		14.2	The Charterer confirms, for the
                                         avoidance of doubt, that Clause 29(b) of the Charter covers any lien on the Vessel or
                                         claim against the Owner asserted by Sub-Charterer arising out of or in connection with
                                         the Sub-Charter, or in breach of the provisions of the Sub-Charter referred to in Clause
                                         14.1 and the Charterer shall indemnify the Owner against the consequences of (i) any
                                         such lien or claim and (ii) any breach by the Charterer of Clause 14.1.

 

		15.	Third
                                         Party Rights

 

No one who is not a party to this Amendment
No. 4 shall have any rights under it by reason of the Contracts (Rights of Third Parties) Ac 1999, except that the Mortgagee shall
have the benefit of and may enforce the provisions of Clause 14 above.

 

		16.	Law
                                         and arbitration

 

The provisions of Clause 53 of the Charter
("Law and Arbitration") shall apply to this Amendment No. 4. as if set out in full in this Amendment No. 4.

 

		17.	Effective
                                         date

 

		17.1	This Amendment No. 4 shall be fully effective on the later
of:

 

		(a)	the date it is executed by both Parties;
                                         and

 

		(b)	the date the Mortgagee’s consent
                                         is given, as required by the terms of the Owner’s financing documents (and the
                                         Owner shall promptly confirm to the Charterer on such consent being given by the Mortgagee).

 

		17.2	Notwithstanding Clause 17.1, Clause 13 of this Amendment No. 4
                                         shall be fully effective starting on the date that this Amendment No, 4 is executed by
                                         both Parties, and includes for the avoidance of doubt all costs and expenses generated
                                         in relation to the Project prior to the date of this Amendment No. 4.

 

		18.	Conditions to operations in FSRU
                                         Mode

 

		18.1	Notwithstanding any provision contained
                                         in this Amendment No. 4 to the contrary (but subject to this Amendment No. 4 becoming
                                         fully effective in accordance with the provisions of Clause 17.1), Owner shall not be
                                         obliged to operate the Vessel in FSRU Mode within the Republic of Turkey as contemplated
                                         by the terms of this Amendment No. 4, unless and until Owner has confirmed to Charterer
                                         in writing that it is satisfied that:

 

    	 	28

     

    

 

Execution Version

 

		(a)	Charterer has obtained all licences,
                                         permits, certificates, authorisations and/or exemptions (as applicable) in accordance
                                         with Clause 4 of this Amendment No. 4; and

 

		(b)	Owner and each member of Owner Group
                                         (if and to the extent applicable) can operate the Vessel in accordance with this Amendment
                                         No. 4 in compliance with all relevant laws and regulations relating to it and the Vessel’s
                                         operation in the Republic of Turkey in FSRU Mode, or Owner and each member of Owner Group
                                         (if and to the extent applicable) are exempted from complying with such laws and regulations.

 

		18.2	Prior to Owner confirming to Charterer
                                         in writing that it is satisfied, acting reasonably, that the conditions described in
                                         sub-Clauses 18.1(a) and (b) have been met, the provisions of Clause 5.1 of this Amendment
                                         No. 4 shall not apply (but not Clause 5.1(c) (to the extent that it amends Clause 3(a)
                                         of the Charter by the addition of sub-clauses (vii) and (viii)), Clause 5.1(d), Clause
                                         5.1(m) and Clause 5.1(n) which shall apply on the date that this Amendment No. 4 becomes
                                         fully effective in accordance with Clause 17.1 above), and neither Party shall have any
                                         rights, obligations or liabilities under such provisions to the other.

 

		19.	Miscellaneous

 

		19.1	Adverse Weather
                                         Conditions

 

		(a)	All operational limits set out
                                         in this Clause 19 shall be subject to the results of a maneuvering study to be undertaken
                                         and accepted by the port authority at the FSRU Terminal, the Charterer and the Owner
                                         to ascertain the safe operating conditions. In any event, during all maneuvering operations
                                         suitable capacity tugs shall be required.

 

		(b)	Weather conditions outside the
                                         below operating window for the different operating modes shall be considered as “Adverse
                                         Weather Conditions”.

 

		(c)	“Abnormal Weather Conditions” are weather
                                         conditions which are above the values provided in the following table:

 

	 	 	Wind	 	 	Waves	 	 	Current	 
	Condition	 	Vel. (kn)	 	 	Dir (°)	 	 	Hs(m)	 	 	Dir (°)	 	 	Tz 's)	 	 	Vel. (kn)	 	 	Dir (°)	 
	1	 	 	73	 	 	 	0	 	 	 	0,5	 	 	 	0	 	 	 	3	 	 	 	1	 	 	 	270	 
	2	 	 	72	 	 	 	30	 	 	 	0,9	 	 	 	30	 	 	 	3	 	 	 	1	 	 	 	90	 
	3	 	 	70	 	 	 	60	 	 	 	0,7	 	 	 	60	 	 	 	3,5	 	 	 	1	 	 	 	90	 
	4	 	 	75	 	 	 	90	 	 	 	1,1	 	 	 	90	 	 	 	3,75	 	 	 	1	 	 	 	90	 
	5.a	 	 	70	 	 	 	120	 	 	 	2,75	 	 	 	105	 	 	 	5,5	 	 	 	1	 	 	 	90	 
	5.b	 	 	80	 	 	 	120	 	 	 	1,5	 	 	 	105	 	 	 	5,5	 	 	 	1	 	 	 	90	 
	6	 	 	81	 	 	 	150	 	 	 	1,45	 	 	 	120	 	 	 	5,5	 	 	 	1	 	 	 	90	 

  

    	 	29

     

    

 

Execution Version

 

	7	 	 	83	 	 	 	180	 	 	 	0,75	 	 	 	120	 	 	 	5,5	 	 	 	1	 	 	 	90	 
	8	 	 	84	 	 	 	210	 	 	 	0,75	 	 	 	120	 	 	 	5,5	 	 	 	1	 	 	 	90	 
	9	 	 	85	 	 	 	240	 	 	 	0,5	 	 	 	300	 	 	 	4,75	 	 	 	1	 	 	 	270	 
	10	 	 	87	 	 	 	270	 	 	 	0,8	 	 	 	300	 	 	 	5	 	 	 	1	 	 	 	270	 
	11	 	 	89	 	 	 	300	 	 	 	0,8	 	 	 	300	 	 	 	4,25	 	 	 	1	 	 	 	270	 
	12	 	 	89	 	 	 	330	 	 	 	1,15	 	 	 	330	 	 	 	3,75	 	 	 	1	 	 	 	270	 

 

		19.2	Schedule X: FSRU Gas nomination Procedures
                                         to be detailed at a later stage

 

		19.3	Accuracy of Measuring Equipment

 

For purposes
of this Charter, the accuracy of the measuring instrumentation and devices shall be:

 

Cargo tank
instrumentation.

 

Pressure:

 

approx. +/- 1%

 

Temperature:

 

approx. +/- 0.2 deg C between
the range of – 165 deg C to – 145 deg C

 

approx. +/- 0.3 deg C between
the range of – 145 deg C to – 120 deg C

 

approx. +/- 1.5 deg C between
the range of – 120 deg C to + 80 deg C

 

Nitrogen flow meter:

 

approx. +/- 1.35%, based on
the orifice type

 

		19.4	Acceptance Test
                                         Procedure

 

A specific set of performance tests will be carried out during
commissioning. A document setting out the test procedures in respect of such performance tests shall be developed by Owner and
submitted to Charterer for approval no later than _____ days prior to the Vessel’s arrival at the FSRU Terminal.

 

IN WITNESS WHEREOF the Parties have executed this Amendment
No. 4 in triplicate as of the date above first written.

 

    	 	30

     

    

 

Execution Version

 

	For and on behalf of Charterer:	 	 	Witness
	 	 	 	 
	/s/ Gilles Billet	 	 	/s/ Martine Truyen
	Name: Gilles Billet	 	 	Truyen, Martine
	Title: Managing Director	 	 	 
	 	 	 	 
	For and on behalf of Owner:	 	 	Witness
	 	 	 	 
	/s/ Karen Algaard	 	 	/s/ Cathinka K. Rognsvag
	Name: Karen Algaard	 	 	Cathinka K. Rognsvag	Drammensveien 134
	Title:  Commercial
    Manager	 	 	Attorney-at-law           	P.O. Box 4 Skøyen  
	 	 	 	Oslo                           	Norway                    
	 	 	 	 
	For and on behalf of Owner:	 	 	Witness
	 	 	 	 
	 	 	 	 
	Name:	 	 	 
	Title:  	 	 	 

 

    	 	31

     

    

 

Execution Version

 

Schedule 1

 

GAS
FORM C

 

		1.1	PREAMBLE

 

	Ship’s name	NEPTUNE
	Owner	SRV Joint Gas Ltd.
	Flag - Registry	NIS
	Builder	Samsung Heavy Industries Co., Ltd, Korea
	Delivery	30 November 2009 
	Class	XDet
        Norske Veritas, + A1Tanker for Liquefied

        gas, ship type 2G (Membrane tank, Maximum

        pressure 25 kPa, Minimum temperature –

        163degC), NAUTICUS (Newbuilding) PLUS-2, CSA-

        2, COAT-2, CLEAN E0, F-AMC, ICS, TMON, STL, BIS,
        NAUT-AW

 

	GRT/NRT
	 
	International	96153
	Suez	98,727.21 

 

	Is vessel approved?
	 
	USCG	Yes
	IMO	Yes

 

		1.2	HULL

 

	 	 	Meters	 	 	Feet	 
	LOA	 	 	283.0611	 	 	 	928,54	 
	LBP	 	 	270.04	 	 	 	885.83	 
	Breadth	 	 	43.40	 	 	 	142.39	 
	Depth	 	 	26.00	 	 	 	85.30	 
	Keel to highest point	 	 	55.3	 	 	 	181.4	 
	Air draught (folded mast)	 	 	40.4	 	 	 	132.5	 
	Assumed ballast draught	 	 	9.6	 	 	 	31.5	 

 

	Summer Load Line	12.4 m	Corresponding deadweight	80,986
	TPC at design draft  11.4 m	100.3 mt/cm

 

    	 	32

     

    

 

Execution Version

 

	Mean draft with full bunkers and full cargo
	 
	Specific Gravity	Mean draft	Corresponding DW
	0.47 mt/m^3	11.64 m	73,143 mt

 

	Communication equipment
	 
	International call sign	LADV7
	Radio station	257356000
	Satcom B	764876384

        764876385

        764876386

	- Telephone/telex	+441224347218
        (IP)

        + 47 94508198 (Cell)

         

	- Telefax	764876387

         

	Satcom C Telex	425735610 / 425735611

 

		1.3	MACHINERY

 

	Main Engine
	 
	Type	Wartsila:
                           12V50DF x 3 units

        Wartsila: 6L50DF x 1 unit

	Max Cont.	3 x 11,400 kW + 1 x 5,700 kW
	Grade fuel used	Marine diesel oil (ISO 8217:1996,
        DMB) ,

        Boil-off gas

        Heavy Fuel Oil (Low Sulphur <1.5%
        m/m)

 

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

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

	Stern Thrusters	1,200 kW x 2 units 

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

 

    	 	33

     

    

 

Execution Version

 

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

 

	Speed/Consumption (propulsion power only)
	 
	Guaranteed speed (Round trip, Beaufort Force 5) 	19.5 knots 
	Average consumption on guaranteed speed	***** tons MDO/day (main engine)

        ***** tons HFO/day (main engine)

 

	Permanent bunkers capacity
	 
	HFO	4,311,3 m3	MDO/MGO    	1,398,6 m3
	 	 	TOTAL	5,719 m3

 

		1.4	CARGO INSTALLATION

 

	Transportable products and respective quantities *)
	Tank
 No.	 	20 °C

    100%
 M3	 	 	-163 °C

    98.5 %
 M3	 	 	-163
                                         °C
 98.5%
 MT
 S.G.
                                         0.47
	 	 	-163°C
 70%H
 M3
	 	 	-163°C
 70%H
 m
	 	 	-163°C
 10%
                                         H
 M3
	 	 	-163°C
 10%H
 m
	 
	1	 	 	19,375	 	 	 	19,084	 	 	 	8,969	 	 	 	13,192	 	 	 	19.275	 	 	 	1,488	 	 	 	2.754	 
	2	 	 	41,882	 	 	 	41,254	 	 	 	19,389	 	 	 	31,222	 	 	 	19.268	 	 	 	3,944	 	 	 	2.753	 
	3	 	 	41,883	 	 	 	41,255	 	 	 	19,390	 	 	 	31,221	 	 	 	19.265	 	 	 	3,944	 	 	 	2.752	 
	4	 	 	41,897	 	 	 	41,269	 	 	 	19,396	 	 	 	31,234	 	 	 	19.270	 	 	 	3,946	 	 	 	2.753	 
	Total	 	 	145,037	 	 	 	142,862	 	 	 	67,145	 	 	 	106,869	 	 	 	 	 	 	 	13,322	 	 	 	 	 

 

(Please Note that Heights and Volume for 10 % and 70%
of Tank Height were calculated from Cargo Tank Gauging Tables) ( off 100% range of the tank )

 

*) Approx. figures per 1 July 2009 based on a cargo specific
gravity of 470 kg/m^3

 

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

 

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

 

	Tank working pressure

 

    	 	34

     

    

 

Execution Version

 

	Maximum pressure	25 kPa gauge
	Minimum pressure	-1 kPa gauge
	Minimum temperature acceptable in tanks	-163oC

 

	Acceptable cargo filling levels 
	 
	Lower criteria	Below 10% of cargo tank height
	Upper criteria	Above 70% of cargo tank height

 

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

 

		1.5	CARGO MACHINERY

 

	Cargo pumps	 	1,700 m^3/h @155 mlc x 8 units
	Cargo pump location	 	2 in each cargo tank
	Max permissible specific gravity	 	500 kg/m
	Time for discharging full cargo using all cargo pumps against no backpressure	 	12 hours, excluding time for connecting, disconnecting, cooling down, topping up and custody transfer measurement 
	Unpumpable cargo volume	 	 491   m^3
	Heel LNG for cooling down	 	500 m^3
	Fuel LNG for ballast voyage	 	3,300 m^3
	Cargo remaining onboard in cargo tanks after completion pumping	 	3,841 m^3
	Spray pumps	 	50m^3/h @145 mlc x 4 units
	Fuel Gas Pumps	 	40m3/h@215mlc x 2 units

        Located in tank No. 3 and 4

	Emergency cargo pump/ LNG Feed Pump	 	650m^3/h @155 mlc x 3 units

        Located in tank No. 2, 3 and
        4

 

    	 	35

     

    

 

Execution Version

 

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

 

	High duty cargo compressor	32,000 m^3/h x 2 units 
	Low duty cargo compressor	4,350 m^3/h x 2 units
	Nitrogen plant	120 Nm^3 x 2 units
	Inert gas plant	14,000 Nm^3/h x 1 unit

 

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

 

	State if any shore supply of liquid nitrogen may be required	NO
	May be required for purging of tanks and insulation spaces  	 
	What quantity?	 

 

	Gas freeing
	 
	Can this operation be carried out at sea?	Yes

 

	Heaters
	 
	Cargo Vapor Heater (warm-up)	16,939 kg/h x 2 units (-117oC to  0oC)
	Cargo Vapor Heater (boil-off)	4,621 kg/h x 2 units (-140oC to 45oC)

 

	Guaranteed boil-off rates
	 
	Laden condition	*****% / 24h
	Ballast condition	0.10% / 24h

 

    	 	36

     

    

 

Execution Version

 

	Fuel Gas Vaporizers
	 
	LNG vaporizer	23,970 kg/h x 1 unit
	Forcing vaporizer	5,800 kg/h x 1 unit

 

		1.6	MEASURING APPARATUS

 

	 	 	Type and location	 	Number
	Primary level gauge system	 	Radar sensor, top of each tank	 	4
	Secondary level gauge system	 	Radar sensor	 	4
	Cargo temperature	 	Temperature Sensor;

        Vapor space at liquid dome +

        Liquid space (0,10,50,95%) on tank bottom and pump
        column
	 	40

        2 x 5 in each tank

	Absolute pressure transmitter	 	Vapor dome of each tank	 	4 

 

		1.7	CARGO
                                         LINES

 

	Is vessel fitted with midship manifolds	Yes, 2
	Distance from cargo manifold to stem (FP)	132 m
	Distance from manifold to stern (AP)	138 m
	Height cargo manifold above deck	4.8 m
	Height manifold above working platform	1.4 m
	Height cargo manifold above waterline in ballast	21.2 m
	Height cargo manifold above waterline in loaded condition	19.4 m
	Distance cargo manifold from ship’s rail	3.15 m
	Distance between cargo loading and vapor return connections	3.0 m
	Distance from aft (P/S) HP manifold to Stem (FP)	120m
	Distance from fwd (P/S) HP manifold to stem (FP) 	101.5m
	Distance from aft HP manifold (P/S) to stern (AP)	150m
	Distance from fwd HP manifold (P/S) to stern 	168.5m
	Height aft HP manifold (P/S) above deck 	4.9m

 

    	 	37

     

    

 

Execution Version

 

	Height fwd H/P manifold (P/S) above deck	4.9m
	Height aft HP manifold (P/S) above working platform	1.5m
	Height fwd HP manifold (P/S) above working platform	1.5m
	Height aft HP manifold (P/S) above waterline in ballast	Assumed Draft: 9.6m 21.3m
	Height fwd HP manifold (P/S) above waterline in ballast	Assumed Draft: 9.6m 21.3m
	Height aft HP manifold (P/S) above waterline in loaded condition	Assumed Draft: 11.4m 19.5m
	Height fwd HP manifold (P/S) above waterline in loaded condition	Assumed Draft: 11.4m 19.5m
	Distance aft HP manifold (P/S) from ship’s rail	3.5m
	Distance fwd HP manifold (P/S) from ship’s rail	3.5m
	Distance between aft HP manifold (P/S) to V/L	12m
	Distance between fwd HP manifold (P/S) to V/L	30.5m
	Is vessel fitted with stern discharge	No
	Is vessel fitted with fore discharge	No
	 	 
	 	 

 

	Dimension of lines
	 
	 	Diameter	Flange size
	Liquid	400 mm	16”
	Vapour Line	400 mm	16”
	CNG HP Discharge Line	400mm	16”

 

	What reducers onboard
	 
	Number	Diameter	Pressure rating
	3	16”/12”	10 kg/cm^2

 

    	 	38

     

    

 

Execution Version

 

	Gas outlet
                           condition:

        Volume

        Pressure

        Temperature
	 

        250 mmscuf/day x 3 units

        105 bar

        10 oC

	Capacity	210,000 kg/hr x 3 units

         

	LNG booster pump number	6 units
	LNG  booster pump  discharge pressure	120 bar
	LNG booster pump suction pressure	5 bar
	LNG booster pump temperature	-160°C
	Minimum send out (MSO) compressor:	Burckhardt Compression, 

    Type 5LP250-4A_1
	Send-out capacity	5,398 kg/h*

    7,127 Nm3/h*
	Turndown capacity	100% - 50% -0% 

    (in distinct steps)
	Supply pressure	102 bara*
	Driver rating	2,000 kW
	*MSO compressor data based on the following
                    typical gas and inlet conditions: 

        Gas molecular weight: 16.9 kg/kmol

        Suction temperature: -100°C 

        Suction pressure: 1.11 bara

 

		1.8	LNG
                                         REGASIFICATION SYSTEM

 

	Liquid
                           inlet conditions:

        Pressure

        Temperature

        Liquid volume flow

        Composition (mass %)
	5 bara

        -160oC (256oF)

        479.8 m^3/h x 3 units

        Typical Trinidad composition
        as given in Appendix I to Schedule 1, para 11 (c) 

 

    	 	39

     

    

 

Execution Version

 

	Steam pressure from boilers (saturated)	28 kg/cm^2
	 	 
	LNG/brine Shell & Tube Heat exchanger	3 units
	Steam/brine PCHE	3 units

        Separate steam and condensate
        section each unit

	Brine circulation pump	680 m^3/h x 6 units

 

    	 	40

     

    

 

Execution Version

 

		1.9	GAS
                                         METERING SYSTEM

 

	Ultrasonic Gas Metering System	Ultrasonic gas
                           flow meters x 2 units

        Pressure transmitters x 2 units

        Temperature transmitters x 2 units

	Gas Analyzer System	Sample probe x 2 unit

        Gas chromatographs x 2 units

        Supplementary Gas Chromatograph
        x 1 unit

        Analyzer cabinet x 1 unit

	Metering Control System	Metering cabinet x 1 unit

        Flow computers x 2 units

        Supplementary flow computers x 2
        units

 

		1.10	BALLAST
                                         SYSTEM

 

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

 

    	 	41

     

    

 

Execution Version

 

		1.12	LIFTING
                                         DEVICE

 

	Location	 	Aft	 	Amidships	 	fwd
	 	 	STB and Port	 	Manifold area

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

        1 x 5 mt SWL (Port)
	 	Stb 12 mt SWL

        Port 6 mt SWL
	 	1 x 10 mt SWL (Hs < 0.5m)

        1 x 8 mt SWL (Hs < 1.0m)

	Max. distance from ship’s side of lifting hook	 	5 m	 	Stb 5 m

        Port 14,575 m
	 	6 m

 

    	 	42

     

    

 

Execution Version

 

Appendix
11

 

LNG
composition

 

[The range of LNG compositions considered
for Normal Performance is indicated in the following table. This range of LNG compositions covers a large range of LNG qualities
(excluded: Libya & Heaviest Algeria).

 

Typical LNG compositions shown here below
and referred to them as design case, Lean LNG and Rich LNG:

 

	 	 	Design Case (Rich Rich Peru)	 	 	Lean LNG (Trinidad)	 	 	Rich LNG (Algeria)	 
	 	 	Mol %	 	 	Mol %	 	 	Mol %	 
	Nitrogen	 	 	0.5	 	 	 	0.01	 	 	 	0.01	 
	Methane	 	 	88.51	 	 	 	96.7	 	 	 	84.19	 
	Ethane	 	 	10.64	 	 	 	2.80	 	 	 	11.0	 
	Propane	 	 	0.32	 	 	 	0.4	 	 	 	3.15	 
	i-Butane	 	 	0.01	 	 	 	0.03	 	 	 	0.6	 
	n-Butane	 	 	0.01	 	 	 	0.03	 	 	 	0.8	 
	Pentane	 	 	0.01	 	 	 	0	 	 	 	0.25	 

 

	PHYSICAL PROPERTIES	 	Design Case 
(Rich Rich Peru)	 	 	Lean LNG
 (Trinidad)	 	 	Rich LNG
 (Algeria)	 
	Molecular Weight	 	Kg/kmole	 	 	17.7	 	 	 	16.59	 	 	 	19.2	 
	Boiling Temperature	 	°C	 	 	-160.8	 	 	 	-161.2	 	 	 	-159.8	 
	Density at standard conditions	 	kg/Sm3	 	 	0.749	 	 	 	0.702	 	 	 	0.817	 
	Density (LNG)	 	Kg/m3	 	 	456	 	 	 	434.2	 	 	 	479.5	 
	High Heating Value HHV (Volume)	 	MJ/Sm3	 	 	40.3	 	 	 	38.47	 	 	 	43.75	 
	High Heating Value HHV  (Mass)	 	MJ/kg	 	 	54.0	 	 	 	54.9	 	 	 	53.85	 
	Wobbe index	 	MJ/Sm3	 	 	52.2	 	 	 	51.32	 	 	 	54.2	 

 

 

1
ENGIE note: subject to sub-charterer’s input.

 

    	 	43

     

    

 

Execution Version

 

Some of these compositions (including
the design case) do not respect the High heating value and/or the wobbe index and/or the nitrogen content of the pipeline specification
and it is expected that in some operating modes (by running the HP compressors, due to ageing, the gas will be outside the gas
pipeline specification requirements (Decreto N° 78/999 del 13/04/1999). Owner takes no liability or responsibility for the
discharge gas quality].

 

    	 	44

     

    

 

Appendix
2

 

Port Safety Requirements

 

The Charterer warrants that the Vessel
will operate in a Designated Port which is a safe Port, meaning a Port which through adherence to international standards and
best practice, and under the required operating conditions set out in this Agreement has the facilities, operations and procedures
to ensure the safety of the Vessel, its crew and the Port environment whilst at the berth, or maneuvering within the Designated
Port limit and its contiguous zone/traffic scheme (existing channel).

 

Charterer will operate under the requirements
imposed by any governmental authority, which requirements must:

 

		-	regulate and control the entry
                                         of vessels into Ports, and their stay, movements or operations in and departures from
                                         Ports;

 

		-	regulate and control pollution
                                         and the protection of the environment within the Port limits;

 

		-	exercise licensing and controlling
                                         functions in respect of Port services and Port facilities; and

 

		-	exercise the licensing of the erection
                                         and operation of off-shore cargo-handling facilities and services relating thereto.

 

By [XXXX] a Port operations manual must
be developed by Charterer. As soon as is reasonably practical following Owner’s receipt of the Port operations manual from
Charterer, such manual will be verified by Owner.

 

The Port operations manual must include
at a minimum:

 

		-	a description of the Port;

 

		-	a description of authorisation
                                         of different parties;

 

		-	a description of operations, including
                                         emergency contract structure (e.g. emergency contact list),

 

		-	a description
                                         of communication procedures;

 

		-	environmental operating restrictions;

 

		-	emergency response procedures including
                                         emergency departure;

 

		-	pollution control procedures; and

 

		-	appendices covering drawings, regulations
                                         and standard forms.

 

The Port must provide a safe means of
transferring all of the Vessel’s waste and oil products to ensure that the Vessel can comply with the International Prevention
of Pollution from Ships 1973/78 (MARPOL 73/78) regulations and all subsequent amendment whilst in Port.

 

     

     

    

 

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

 

The Port must comply with the relevant
sections of the 2004 International Ship and Port Facility Security Code (ISPS) as amended from time to time.

 

The Port must be provided with suitable
Fi-Fi 1 rated standby vessels available on continual service at all times whilst the Vessel is at one of the berths. This standby
vessel must be capable of towing the Vessel at 3 knots and in Beaufort Force 5 conditions.

 

The company operating the standby vessel
must have experience in LNG operations, fire fighting response, and oil pollution response. It must also comply with all applicable
and necessary design, procedural and operational regulations.

 

An exclusion zone to all vessels and non-authorised
Port vessels must be in operation around the Vessel when operating as an FSRU. Various levels of response and control by the Charterer
must be agreed for ships coming within other specified distances of the Vessel at the Port. These distances must be developed
based upon the risk of incident and the ability of the Charterer/the passing ship to respond to control actions.

 

Any pilotage duties must be conducted
by suitably qualified harbour pilots who have suitably conducted full mission simulator training of LNG carrier movements and
operations in the Designated Port. Charterer will co-operate with Owner to ensure that the form of pilot training is appropriate
for the Vessel.

 

Charterer is to monitor expected weather
conditions at the site for ***** days ahead, and inform the Owner and Vessel master of such conditions. In the event that expected
weather conditions may result in the Vessel being required to disconnect from the berth, then the Charterer shall cooperate with
the Owner to ensure that filling limits inside the Vessels tanks are within the safe fill level specified in Schedule 1.

 

At all times the Vessel master has the
right to take the Vessel to sea at his or her sole discretion if the master at any time considers that remaining at berth is or
will become unsafe and the Vessel master will give notice thereof to Charterer as soon as reasonably practicable. During this
period the Vessel will remain on hire and will not be considered as non-performing or under-performing for purposes of paragraph
12 of Schedule 1 to Schedule I, or any other provision of this Agreement.

 

     

     

    

 

Appendix
3

 

Discharge Performance
Certificate

 

[date]

 

Discharge Performance Certificate

 

Reference is made to Clause 27 (Performance)
(b) (ii) of the Time Charterparty dated 20 March 2007 (as amended) (the “Charter”) and made between SRV Joint
Gas Ltd. as owner (the “Owner”) and GDF SUEZ LNG Supply SA as charterer (the “Charterer”).

 

Terms defined in the Charter shall have
the same meaning when used in this certificate unless given a different meaning herein.

 

On [date] the Actual Discharge
Rate was [reduced] [increased] from [ ] MMScf/day to [ ] MMScf/day during regasification of LNG and has been in operation for
three (3) periods of at least eight (8) hours. As of [date] such [reduced] [increased] Actual Discharge Rate, being [ ]
MMScf/day, shall be the [Lowest Performance] [Normal Performance].

 

	For and on behalf of Owner	 	For and on behalf of Charterer
	 	 	 
	 	 	 
	Name:	 	Name:
	Title:	 	Title:EXECUTION VERSION	  Exhibit 4.33

 

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

 

Dated
1 November 2014

 

HÖEGH LNG FSRU IV LTD.

(as Owner)

 

and

 

SOCIEDAD PORTUARIA EL CAYAO S.A.
E.S.P

(as Lessee)

 

_____________________________________________________

 

INTERNATIONAL LEASING AGREEMENT

 

in respect of

 

an LNG floating storage and regasification
vessel under construction at the Builder's yard with Builder's hull No. 2551 

_____________________________________________________

 

     

     

    

  

EXECUTION VERSION

TABLE OF CONTENTS

 

 

	1.	DEFINITIONS, HEADINGS AND INTERPRETATION	1
	 	 	 
	2.	EFFECTIVENESS AND CONDITIONS PRECEDENT	16
	 	 	 
	3.	CHARTER PERIOD	17
	 	 	 
	4.	DELIVERY AND REDELIVERY	19
	 	 	 
	5.	OPTION TO PURCHASE	27
	 	 	 
	6.	OWNER TO PROVIDE	29
	 	 	 
	7.	LESSEE TO PROVIDE	29
	 	 	 
	8.	REQUIREMENTS ON THE USE OF THE VESSEL	30
	 	 	 
	9.	TRADING RESTRICTIONS	30
	 	 	 
	10.	CHANGE IN LAW AND CHANGES TO VESSEL	30
	 	 	 
	11.	HIRE AND DAILY REIMBURSEMENT AMOUNTS	31
	 	 	 
	12.	PAYMENT, INVOICING AND PERFORMANCE SECURITY	33
	 	 	 
	13.	OFF-HIRE	39
	 	 	 
	14.	LOSS OF VESSEL	40
	 	 	 
	15.	MAINTENANCE AND REPAIRS	41
	 	 	 
	16.	LAYING-UP	41
	 	 	 
	17.	CHANGE OF FLAG OR OWNERSHIP	41
	 	 	 
	18.	BUSINESS PRINCIPLES	41
	 	 	 
	19.	FORCE MAJEURE	42
	 	 	 
	20.	DEFAULT, REMEDIES AND RIGHTS OF TERMINATION	46
	 	 	 
	21.	REPRESENTATIONS AND WARRANTIES	56
	 	 	 
	22.	INDEMNIFICATION	57
	 	 	 
	23.	INSURANCE	60
	 	 	 
	24.	NOVATION AND ASSIGNMENT	61
	 	 	 
	25.	LIENS AND MORTGAGE	63
	 	 	 
	26.	EXCLUSIONS, LIMITATION OF LIABILITY AND LIQUIDATED DAMAGES	63
	 	 	 
	27.	REMEDIES AND WAIVER	65
	 	 	 
	28.	CONSTRUCTION	65
	 	 	 
	29.	NOTICES	66
	 	 	 
	30.	GOVERNING LAW AND DISPUTE RESOLUTION	68
	 	 	 
	31.	WAIVER OF IMMUNITY	71
	 	 	 
	32.	CONFIDENTIALITY	72
	 	 	 
	33.	SANCTIONS	73

 

     

     

    

 

EXECUTION VERSION

 

	34.	LANGUAGE	75
	 	 	 
	35.	AMENDMENTS	75
	 	 	 
	36.	COUNTERPARTS	75
	 	 	 
	37.	RIGHTS OF THIRD PARTIES	75

 

	Schedule 1 - Description and Specification of the Vessel	77
	 	 
	Schedule 2 - Lessee's Changes to Vessel Specifications and Costs	88
	 	 
	Schedule 3 - Insurance	92
	 	 
	Schedule 4 – Start-Up and Performance Tests	94
	 	 
	Schedule 5 - Certificate of Acceptance	96
	 	 
	Schedule 6 – Höegh Performance Guarantee	96
	 	 
	Schedule 7 – Novation Deed	103
	 	 
	Schedule 8 - Approved Mortgagee's Direct Agreement	109
	 	 
	Schedule 9 – Amended Terms applicable to the Alternative Term Option	113
	 	 
	Schedule 10 – Distribution of Amortisation and Financial Portion of Rate	139
	 	 
	Schedule 11 – Description of Jetty and Customer's Topside Facilities	150
	 	 
	Schedule 12 – Form of Lessee LOC and Pre-VAD Lessee LOC	154

 

     

     

    

 

THIS INTERNATIONAL LEASING AGREEMENT is dated 1
November 2014 and is made between:

 

		(1)	HÖEGH LNG FSRU IV LTD., a company incorporated and existing under the laws of the Cayman
Islands with its registered office at Clifton House, 75 Fort Street, P.O. Box 1350, Grand Cayman KY1-1108, Cayman Islands as lessor
of the Vessel under this Agreement (hereinafter referred to as "Owner"); and

 

		(2)	SOCIEDAD PORTUARIA EL CAYAO S.A. E.S.P, a company
organised and existing under the laws of Colombia having its registered office at Calle 66 No. 67-123, Barranquilla, Colombia
as lessee of the Vessel under this Agreement (hereinafter referred to as "Lessee").

 

RECITALS

 

WHEREAS:-

 

		(A)	Lessee intends to facilitate the importation of LNG into
Colombia through an LNG import terminal located at the FSRU Site which would require storage and regasification through a floating
storage and regasification unit capable of discharging regasified LNG (the "Project").

 

		(B)	Owner will be the registered owner of the Vessel, when
delivered by the Builder under the Shipbuilding Contract.

 

		(C)	The Vessel is a capital good (bien de capital) pursuant
to article 1° of Decree 2394 of 2002, whose tariff classification is 89.05.90.00.00.

 

		(D)	Owner wishes to let the Vessel to Lessee under and in accordance
with this International Leasing Agreement, which constitutes an international leasing of an LNG floating storage and regasification
vessel for the purposes of Colombian law.

 

INTERNATIONAL LEASING AGREEMENT

 

NOW,
THEREFORE, in consideration of the mutual covenants and undertakings set forth herein, Owner agrees to let and Lessee
agrees to hire the Vessel in accordance with the terms and conditions hereinafter set forth:

 

		1.	DEFINITIONS, HEADINGS AND INTERPRETATION

 

		1.1	Definitions

 

In this International Leasing Agreement
(hereafter referred to as this "Agreement") and the Schedules, save where the context otherwise requires, the
following words and expressions shall have the meanings respectively ascribed to them in this Clause:

 

"Accrued Hire" has
the meaning ascribed in Clause 4.7(d);

 

"Accrued Hire Settlement
Amount" has the meaning ascribed in Clause 20.5(a)(v);

 

"Additional Party"
has the meaning ascribed in Clause 30.5(a)(i);

 

    	 	1	 

     

    

 

"Adverse Metocean Conditions"
means metocean conditions occurring at the FSRU Site which fall outside the determined safe conditions for the Vessel to carry
out the required activity, the parameters of which are to be agreed between the Parties based on the outcome of Second Order Dynamic
Mooring Analyses during detailed engineering design and which will differ depending on the particular activity being undertaken;

 

"Affected Party"
has the meaning ascribed in Clause 19.1;

 

"Affiliate" means,
with respect to any Party, a Person that controls, is controlled by, or is under common control with, such Party. For the purposes
of this definition, the term "control" means the beneficial ownership of fifty per cent (50%) or more of the voting shares
of a company or other entity, as applicable, or of the equivalent rights to determine the decisions of such a company or other
entity;

 

"Alternative Term Option"
has the meaning ascribed in Clause 3.4;

 

"Annual Maintenance Allowance"
has the meaning ascribed in the FSRU Operation and Services Agreement;

 

"Approved Mortgage"
means an Encumbrance on:

 

		(a)	the Vessel;

 

		(b)	the Vessel's earnings and/or insurances;

 

		(c)	Owner's rights under this Agreement or the Shipbuilding
Contract; and

 

		(d)	Contractor's rights under the FSRU Operation and Services
Agreement (provided that such Encumbrance is held by the same Approved Mortgagee as (a), (b) and/or (c) above),

 

that is or will be entered into in
favor of the Approved Mortgagee for itself and/or for the benefit of one or more other financiers to Owner as security for the
financing of the Vessel, provided that the Approved Mortgagee has executed and provided to Lessee the Approved Mortgagee's Direct
Agreement;

 

"Approved Mortgagee"
means the holder of an Approved Mortgage from time to time, provided that such holder is either:

 

		(a)	an international bank or other financial institution; or

 

		(b)	a controlled affiliate of an international bank or other
financial institution,

 

there being a maximum of one Approved
Mortgagee at any time;

 

"Approved Mortgagee's Direct
Agreement" means a direct agreement of quiet enjoyment to be entered into by the Approved Mortgagee and Lessee, substantially
in the form set out in Schedule 8;

 

"Banking Day" means
any day on which banks are open for business in Bogotá (Colombia), Oslo (Norway), London (England) and New York (United
States of America);

 

    	 	2	 

     

    

 

"Boil-Off" has the
meaning ascribed in the FSRU Operation and Services Agreement;

 

"Builder" means
Hyundai Heavy Industries Co., Ltd., as builder, under the Shipbuilding Contract;

 

"Certificate of Acceptance"
has the meaning ascribed in Clause 4.6(c);

 

"Change in Law"
means the occurrence of any of the following after the date of execution of this Agreement:

 

		(a)	the enactment of any new Law (but excluding any such new
Law enacted but not yet put into force at the date of execution of this Agreement), or the imposition of authorizations not required
as at the date of execution of this Agreement;

 

		(b)	the modification or repeal of any existing Law;

 

		(c)	the commencement of any Law which has not become effective
on the date of execution of this Agreement; or

 

		(d)	a change in the interpretation or application by any Governmental
Authority of any Law;

 

"Classification Society"
means an internationally recognized classification society that is a member of the International Association of Classification
Societies and that has previous experience of LNG shipping;

 

"Colombian Foreign Exchange
Market Intermediary" has the meaning ascribed in External Resolution 8 of 5 May 2000 issued by the Colombian Central Bank
(Banco de la República);

 

"Common Disputes"
has the meaning ascribed in Clause 30.4(a);

 

"Common Tribunal"
has the meaning ascribed in Clause 30.4(a);

 

"Completion Tests"
means the Pre-Commissioning Tests and the Start-Up and Performance Tests;

 

"Compulsory Insurances"
has the meaning ascribed in Clause 22.5;

 

"Conditions Precedent"
has the meaning ascribed in Clause 2.1;

 

"Confidential Information"
means the terms and conditions of this Agreement and all other documents and agreements contemplated thereby, together with any
and all data, reports, records, correspondence, notes, compilations, studies and other information relating to or in any way connected
with this Agreement that is disclosed directly or indirectly by or on behalf of the disclosing Party or any of its representatives
to the receiving Party or any of its representatives, whether such information is disclosed orally or in writing;

 

"Consequential Loss"
means any and all incidental, consequential, indirect, special, punitive or exemplary damages of whatever kind and nature arising
under or in

 

    	 	3	 

     

    

 

connection with this Agreement, howsoever
caused (including by the default or negligence of a Party or breach of any duty owed at Law by a Party) and whether or not foreseeable
at the date of this Agreement, including such damages (whether direct or indirect) relating to:

 

		(a)	loss, termination, cancellation or non-renewal of any contract;

 

		(b)	claims for loss of production, profit or revenue or business
interruption;

 

		(c)	loss of use of or damage to property or machinery (including
pipelines, liquefaction plant, vessel or storage tanks); and

 

		(d)	partial or total failure in performance or delayed performance
under any contract (including any down-stream Gas sales agreement, LNG sale and purchase agreement, Shuttle Tanker charters and
tug charters), including any non-delivery, under-delivery or off-specification delivery;

 

"Consolidation Order"
has the meaning ascribed in Clause 30.4(b);

 

"Contractor" has
the meaning ascribed in the FSRU Operation and Services Agreement;

 

"CP Satisfaction Date"
has the meaning ascribed in Clause 2.3(a);

 

"Customer" has the
meaning ascribed in the FSRU Operation and Services Agreement;

 

"Customer's Topside Facilities"
means all infrastructure necessary at the FSRU Site for the delivery of regasified LNG from the Vessel at the Point of Interconnection
with the pipeline on the Jetty to the onshore Gas pipeline distribution infrastructure, all as more fully described in Schedule
11;

 

"Daily Accrued Hire Reimbursement"
has the meaning ascribed in Clause 11.1(f);

 

"Daily Fee" has
the meaning ascribed in the FSRU Operation and Services Agreement;

 

"Daily Hard Arms Reimbursement"
has the meaning ascribed in Clause 11.1(d)(i);

 

"Daily MSO Reimbursement"
has the meaning ascribed in Clause 11.1(d)(ii);

 

"Daily Pre-VAD LOC Reimbursement"
has the meaning ascribed in Clause 11.1(g);

 

"Daily Reimbursement Amounts"
means any one or more of the following (as the context requires):

 

		(a)	the Daily Hard Arms Reimbursement;

 

		(b)	the Daily MSO Reimbursement;

 

		(c)	the Daily Standby Rate Reimbursement;

 

		(d)	the Daily Accrued Hire Reimbursement; and

 

    	 	4	 

     

    

 

		(e)	the Daily Pre-VAD LOC Reimbursement;

 

"Daily Standby Rate Reimbursement"
has the meaning ascribed in Clause 11.1(e);

 

"Damages" has the
meaning ascribed in the FSRU Operation and Services Agreement;

 

"Debit Note" has
the meaning ascribed in Clause 12.2(a);

 

"Debit Note Due Date"
has the meaning ascribed in Clause 12.3(b);

 

"Deemed Rate" has
the meaning ascribed in Clause 4.7(d);

 

"Default Rate" has
the meaning ascribed in Clause 12.6(a);

 

"Delay Notice" has
the meaning ascribed in Clause 4.5(b);

 

"Delivery" means
the actual tender of the Vessel by Owner to Lessee at the Place of Delivery in accordance with Clause 4.5;

 

"Delivery Date"
has the meaning ascribed in Clause 4.5(e);

 

"Delivery Due Date"
has the meaning ascribed in Clause 4.5(a);

 

"Dispute" has the
meaning ascribed in Clause 30.3(a);

 

"Dollars" or "USD"
means the lawful currency of the United States of America;

 

"Encumbrance" means
any mortgage, charge (whether fixed or floating), pledge, lien, hypothecation, assignment, security interest, or other encumbrance
of any kind securing or any right conferring a priority of payment in respect of any obligation of any person;

 

"Environmental Permit"
means the environmental licence for the Project issued by Autoridad Nacional de Licencias Ambientales (ANLA) of Colombia;

 

"EPC Contract" means
the EPC contract between Lessee and the EPC Contractor dated on or about the date of this Agreement;

 

"EPC Contractor"
means Sacyr Industrial S.L.U. and/or one or more of its affiliates as contractor under the EPC Contract;

 

"Escrow Agreement"
means an escrow agreement which may be entered into between the Escrow Bank, Owner and Lessee which will set out the terms and
conditions which are applicable to the Lessee Cash Security, in a form which is acceptable to Owner, acting reasonably and which
will give Owner substantially equivalent rights to make a claim on the Lessee Cash Security as Owner would have under a standby
letter of credit;

 

"Escrow Bank" means
the financial institution which holds the Lessee Cash Security in accordance with the terms of the Escrow Agreement;

 

"Event of Contractor's Default"
means one or more of the events listed in clause 22.1(a) of the FSRU Operation and Services Agreement;

 

    	 	5	 

     

    

 

"Event of Customer's Default"
means one or more of the events listed in clause 22.2(a) of the FSRU Operation and Services Agreement;

 

"Event of Force Majeure"
has the meaning ascribed in Clause 19.1;

 

"Expert" has the
meaning ascribed in Clause 30.2(a);

 

"Expert Criteria"
means an expert who:

 

		(a)	is independent;

 

		(b)	has relevant LNG industry experience and relevant experience
of the issue which is the subject of the Technical Dispute; and

 

		(c)	unless otherwise agreed, is a member of at least one of
the Society of Petroleum Engineers, the Chartered Institute of Arbitrators, the Academy of Experts or the London Maritime Arbitrators
Association, or another internationally recognized body of experts;

 

"First Early Termination
Date" means the date falling ten (10) years from the Vessel Acceptance Date minus:

 

		(a)	the aggregate number of days on which Lessee pays the Standby
Rate (if any); and

 

		(b)	the aggregate number of days on which Lessee pays the Deemed
Rate (if any);

 

"Flag State" means
the Marshall Islands;

 

"Free Liquid Assets"
means, at any date of determination under this Agreement, the aggregate value of the Höegh Performance Guarantor Group's:

 

		(a)	cash in hand; deposits in banks and financial institutions
(including any amounts credited to the accounts of the Höegh Performance Guarantor Group); and

 

		(b)	debt securities which are publicly traded on a major stock
exchange or investment market (valued as at any applicable date of determination) and rated at least "A" by Standard
and Poor's Rating Services;

 

"FSRU Operation and Services
Agreement" means that certain separate and independent agreement of even date herewith for the rendering of FSRU Services
to the Vessel made between Contractor and Customer;

 

"FSRU Services"
has the meaning ascribed in the FSRU Operation and Services Agreement;

 

"FSRU Site" has
the meaning ascribed in the FSRU Operation and Services Agreement;

 

"Gas" has the meaning
ascribed in the FSRU Operation and Services Agreement;

 

"Governmental Authority"
means:

 

    	 	6	 

     

    

 

		(a)	any national, regional, municipal, local or other government authority, including any subdivision,
agency, board, department, commission or authority thereof, of Colombia;

 

		(b)	any maritime and other applicable authorities of the country of the Registry;

 

		(c)	any maritime and other applicable authorities at the FSRU Site;

 

		(d)	the IMO; and

 

		(e)	any other governmental, maritime, port, terminal or other applicable authority having jurisdiction
over the Vessel or as the case may require, Owner, Lessee, Contractor or Customer or any Affiliates or agents thereof;

 

"Gross Negligence/Wilful
Misconduct" means:

 

		(a)	any act or omission (whether sole, joint or concurrent) by the relevant Party which was intended
to cause, or which was in reckless disregard of or wanton indifference to, harmful consequences such Party knew, or should have
known, such act or failure would have on the safety or property of another Party; or

 

		(b)	any act or omission (whether sole joint or concurrent) by the relevant Party which was a deliberate
and intentional breach of such Party's obligations under this Agreement.

 

In the context of this definition,
the act, omission or knowledge of a Party shall mean the act, omission or knowledge of one or more of the Senior Management of
such Party;

 

"Guaranteed Regas Rate"
has the meaning ascribed in Clause 4.7(c);

 

"Hard Arms Optional Change"
means the optional change set out in row 1 of the table in Schedule 2;

 

"Hard Arms Optional Change
Amount" means the amount specified in column 2, row 1 of the table in Schedule 2;

 

"Hard Arms Optional Change
Settlement Amount" has the meaning ascribed in Clause 20.5(a)(ii);

 

"Hire" has the meaning
ascribed in Clause 11.1(a);

 

"Hire Invoice" has
the meaning ascribed in Clause 12.1;

 

"Hire Invoice Due Date"
has the meaning ascribed in Clause 12.3(a);

 

"Höegh LNG Group"
has the meaning ascribed in the FSRU Operation and Services Agreement;

 

"Höegh Performance Guarantee"
means that certain guarantee agreement pursuant to which Höegh Performance Guarantor guarantees the performance and payment
obligations of Owner under this Agreement and of Contractor under the FSRU Operation and Services Agreement, substantially in the
form set forth in Schedule 6;

 

    	 	7	 

     

    

  

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

 

"Höegh Performance Guarantor"
means:

 

		(a)	Höegh LNG Holdings Ltd, a corporation organised and
existing under the laws of Bermuda; and

 

		(b)	following the release of the Höegh Performance Guarantee
issued by Höegh LNG Holdings Ltd pursuant to Clause 12.12(c), Höegh LNG Partners LP, a limited partnership organised
and existing under the laws of the Marshall Islands;

 

"Höegh Performance Guarantor
Group" means the Höegh Performance Guarantor and its Affiliates;

 

"HPG Credit Tests"
means:

 

		(a)	in the case of Höegh LNG Holdings Ltd, Free Liquid
Assets equal to or exceeding ***** Dollars (USD *****); and

 

		(b)	in the case of Höegh LNG Partners LP, Free Liquid
Assets equal to or exceeding the higher of: (i) ***** Dollars (USD *****); and (ii) the product of ***** Dollars (USD *****) and
the number of vessels owned or leased by Höegh LNG Partners LP;

 

"ICC" means the
International Chamber of Commerce's International Centre for Expertise;

 

"ILA Excusable Event"
means:

 

		(a)	any delay in the importation of the Vessel;

 

		(b)	any matter or event related or attributable to the Jetty
or the Customer's Topside Facilities, or the pipeline or any facilities downstream of the Jetty and the Customer's Topside Facilities;

 

		(c)	any breach of any obligations or undertakings by Lessee
under this Agreement including any failure by Lessee to fully comply with its obligations under Clause 7 but excluding any failure
by Lessee to provide additional LNG required to re-perform any Start-Up and Performance Tests pursuant to Clause 4.12(b) and/or
Clause 7(g), provided that Lessee uses reasonable endeavours to provide such LNG and that such re-performance of the Start-Up
and Performance Tests is not for reasons attributable to Lessee;

 

		(d)	any other acts or omissions of Lessee or of Lessee's Affiliates,
contractors, servants and subcontractors or any owner or operator of Shuttle Tankers; or

 

		(e)	if the FSRU Site or the downstream facilities are closed
or any part thereof is prohibited from operating by applicable Law or the decision of any Governmental Authority,

 

    	 	8	 

     

    

  

in each case to the extent the same
(i) prevents Owner from performing any of its obligations under this Agreement, (ii) is not in whole or in part attributable to
or has not in whole or in part been caused by Owner, Contractor or Owner's or Contractor's Affiliates, contractors, servants and
subcontractors and (iii) does not qualify as an Event of Force Majeure;

 

"IMO" means the
International Maritime Organization;

 

"Initial Term" means
the period starting on the Vessel Acceptance Date and ending on the date falling twenty (20) years from the Vessel Acceptance Date
minus:

 

		(a)	the aggregate number of days on which Lessee pays the Standby
Rate (if any); and

 

		(b)	the aggregate number of days on which Lessee pays the Deemed
Rate (if any);

 

"Issuing Party"
has the meaning ascribed in Clause 12.5;

 

"Jetty" means that
certain jetty owned and operated by Lessee located in Cartagena, Colombia, and as more fully described in Schedule 11;

 

"Law" means any
law (including any zoning law or ordinance or any environmental law), treaty, statute, rule, regulation, ordinance, order, directive,
code, interpretation, judgment, decree, injunction, writ, determination, award, permit, license, authorization, direction, requirement,
decision or agreement of, with or by any Governmental Authority;

 

"LCIA Rules" has
the meaning ascribed in Clause 30.3(a);

 

"Lessee Cash Security"
means an amount in cash credited or deposited in an account established on the books and records of the Escrow Bank by the Lessee,
to which Owner shall have access in accordance with the terms of the Escrow Agreement;

 

"Lessee Delay Event"
has the meaning ascribed to it in Clause 4.7(d);

 

"Lessee Indemnified Party"
means Lessee, Customer and all Lessee's and Customer's Affiliates, contractors, servants and subcontractors, and any such Person's
directors, officers, employees, agents, representatives, accountants, consultants, attorneys and advisors;

 

"Lessee LOC" means
an irrevocable standby letter of credit substantially in the form set out in Schedule 12, issued by a bank or other financial institution
which meets the Minimum Credit Requirements;

 

"Lessee Performance Security"
means:

 

		(a)	Lessee Cash Security; and/or

 

		(b)	a Lessee LOC;

 

    	 	9	 

     

    

 

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

 

"Lessee Performance Security
Value" means ***** Dollars (USD *****);

 

"Lessee Trust Fund"
has the meaning ascribed in Clause 12.13;

 

"LIBOR" means the
rate per annum for three (3) months deposit in USD which appears on the Reuters screen "LIBOR01 Page" (or such other
page as may replace that page for the purpose of displaying London interbank offered rates for USD deposits) at or about 11 a.m.
(London time) on the relevant day;

 

"LNG" means Gas
liquefied by cooling and which is in a liquid state at or near atmospheric pressure;

 

"LNG Heel" means
LNG retained in the cargo tanks of the Vessel;

 

"LNG Price" has
the meaning ascribed in the FSRU Operation and Services Agreement;

 

"Marine Loading Arms"
has the meaning ascribed in the FSRU Operation and Services Agreement;

 

"Minimum Credit Requirements"
means a long term debt rating of at least "A-" by Standard and Poor's Rating Services or "A3" by Moody's Investor
Services, Inc. (or if either such agency changes its rating system, the equivalent successor rating applied by such agency at the
time in question;

 

"MMscf" means one
million Standard Cubic Feet (1,000,000 scf);

 

"MSO Optional Change"
means the optional change set out in row 2 of the table in Schedule 2;

 

"MSO Optional Change Amount"
means the amount specified in column 2, row 2 of the table in Schedule 2;

 

"MSO Optional Change Settlement
Amount" has the meaning ascribed in Clause 20.5(a)(iii);

 

"Non-Compliant Party"
has the meaning ascribed in Clause 33.2(b);

 

"Novation Deed"
means a deed of novation substantially in the form set out in Schedule 7;

 

"Off-Hire" has the
meaning ascribed in Clause 13.1(a);

 

"Off-Hire Extensions"
has the meaning ascribed in Clause 3.2;

 

"OPTIMOOR" means
the software package manufactured by Tension Technology International Ltd for first order dynamic analysis of mooring forces;

 

    	 	10	 

     

    

  

"Owner Indemnified Party"
means Owner, Contractor and all Owner's and Contractor's Affiliates, contractors, servants and subcontractors, and any such Person's
directors, officers, employees, agents, representatives, accountants, consultants, attorneys and advisors;

 

"P&I" means
protection and indemnity insurance;

 

"Partial Hire Rate"
has the meaning ascribed in Clause 11.2(a);

 

"Parties" means,
collectively, Owner and Lessee; and a "Party" means either of them;

 

"Performance Warranties"
has the meaning ascribed in the FSRU Operation and Services Agreement;

 

"Permitted Encumbrance"
means:

 

		(a)	any Approved Mortgage; and

 

		(b)	any Permitted Liens;

 

"Permitted Liens"
means:

 

		(a)	any lien on the Vessel for master's, officers' or crew's
wages;

 

		(b)	any lien for salvage;

 

		(c)	any ship repairer's or outfitter's possessory lien;

 

		(d)	liens arising in the ordinary course of trading, by operation
of statute or by operation of law; or

 

		(e)	liens securing liabilities for Taxes,

 

provided that
in each case (i) the relevant obligations are not overdue or are being contested in good faith by appropriate proceedings and in
respect of which adequate reserves have been provided and (ii) such lien does not involve the likelihood, in Lessee's reasonable
opinion, of a sale, forfeiture or loss of, or of any interest in, the Vessel;

 

"Person" means any
individual, firm, corporation, stock company, limited liability company, trust, partnership, association, joint venture, or other
business;

 

"Place of Delivery"
has the meaning ascribed in Clause 4.5(a);

 

"Point of Interconnection"
has the meaning ascribed in the FSRU Operation and Services Agreement;

 

"Port Charges" has
the meaning ascribed in the FSRU Operation and Services Agreement;

 

"Port Concession"
means the port concession agreement relating to the Project to be entered into between Lessee and Agencia Nacional de Infraestructura
of Colombia;

 

    	 	11	 

     

    

  

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

 

"Pre-Commissioning Tests"
means the sea trials and gas trials and any other tests and activities required to achieve mechanical completion and readiness
for commissioning;

 

"Pre-Delivery Cargo Option"
has the meaning ascribed in Clause 4.1;

 

"Pre-Delivery Voyage Time"
has the meaning ascribed in Clause 4.1(b);

 

"Pre-VAD Lessee LOC"
means an irrevocable standby letter of credit substantially in the form set out in Schedule 12, issued by a bank or financial institution
which meets the Minimum Credit Requirements;

 

"Pre-VAD Lessee LOC Value"
means ***** Dollars (USD *****);

 

"Pre-VAD Lessee LOC Costs"
has the meaning ascribed in Clause 12.10(d);

 

"Pre-VAD Lessee LOC Settlement
Amount" has the meaning ascribed in Clause 20.5(a)(vi);

 

"Project" has the
meaning ascribed in Recital (A);

 

"Prolonged Off-Hire"
has the meaning ascribed in Clause 13.4;

 

"Proposed Expert"
has the meaning ascribed in Clause 30.2(g)(iii);

 

"Purchase Option"
has the meaning ascribed in Clause 5.1;

 

"Purchase Option Price"
means the amount specified in Clause 5.4;

 

"Rate" has the meaning
ascribed in Clause 11.1(b);

 

"Redelivery" means
the redelivery of the Vessel by Lessee to Owner pursuant to Clauses 4.8 or 4.9;

 

"Regas Tests" means
the regasification tests to be agreed between the Parties which shall include the tests set out at Paragraph (b) of Schedule 4
(and any other tests agreed between the Parties) carried out as part of the Start-Up and Performance Tests to test the Vessel's
actual discharge capacity of regasified LNG, the successful completion of which must enable the Vessel to meet the Performance
Warranties in respect of the discharge of regasified LNG;

 

"Regas Trains" means
the equipment connected in a parallel-process flow system where LNG is heated and thereby converted into Gas;

 

"Regasification Equipment"
means all machinery and equipment on board the Vessel relating to the capability of the Vessel to regasify LNG and discharge regasified
LNG, including, but not limited to, vaporizers, pumps and metering units;

 

"Registry" means
the maritime registry of the Flag State;

 

    	 	12	 

     

    

  

"Related Dispute"
means either:

 

		(a)	a Technical Dispute which has one or more common issues of fact or law to another contemplated,
ongoing or determined Technical Dispute either under this Agreement or the FSRU Operation and Services Agreement; or

 

		(b)	a disputed issue of fact under a TUA and/or the EPC Contract, which is (i) of a technical nature;
and (ii) also the subject of a contemplated, ongoing or determined Technical Dispute under this Agreement and/or the FSRU Operation
and Services Agreement;

 

"Restricted Party"
means a person:

 

		(a)	that is listed on any Sanctions List (whether designated by name or by reason of being included
in a class of person);

 

		(b)	that is domiciled, registered as located or having its main place of business in, or is incorporated
under the laws of, a country which is subject to country-wide Sanctions Laws;

 

		(c)	that is directly or indirectly owned or controlled by a person referred to in (a) and/or (b) above;
or

 

(d)          with
which the Approved Mortgagee is prohibited from dealing or otherwise engaging in a transaction with by any Sanctions Laws;

 

"Sanctions Authority"
means the Norwegian State, the Republic of Colombia,
the United Nations, the European Union, the member states of the European Union, the United States of America and any authority
enacting or enforcing Sanctions Laws on behalf of any of the foregoing entities;

 

"Sanctions Laws"
means the economic or financial sanctions laws and/or regulations trade embargoes, prohibitions, restrictive measures, decisions,
executive orders or notices from regulators implemented, adapted, imposed, administered, enacted and/or enforced by any Sanctions
Authority;

 

"Sanctions List"
means any list of persons or entities published in connection with Sanctions Laws by or on behalf of any Sanctions Authority;

 

"Sanctions Warranty Notice"
has the meaning ascribed in Clause 33.2(b)(i);

 

"Second Early Termination
Date" means the date falling fifteen (15) years from the Vessel Acceptance Date minus:

 

(a) the aggregate number of days
on which Lessee pays the Standby Rate (if any); and

 

(b) the aggregate number of days
on which Lessee pays the Deemed Rate (if any);

 

"Second Order Dynamic Mooring
Analyses" means those studies conducted to determine the safe operating envelopes of the Vessel and the Shuttle Tankers
conducted in accordance with OCIMF guidelines;

 

    	 	13	 

     

    

 

"Senior Management"
means:

 

		(a)	in relation to Owner, any corporate officer or director of Owner or an Affiliate of Owner; and

 

		(b)	in relation to Lessee, any corporate officer or director of Lessee or an Affiliate of Lessee;

 

"Service Excusable Event"
has the meaning ascribed in the FSRU Operation and Services Agreement;

 

"Service Failure"
has the meaning ascribed in the FSRU Operation and Services Agreement;

 

"Shipbuilding Contract"
means a shipbuilding contract dated 8 October 2012 and made between the Builder and Höegh LNG Ltd. for the construction and
delivery of the Vessel pursuant to the terms and conditions set out therein, as novated from time to time;

 

"Shuttle Tanker" has
the meaning ascribed in the FSRU Operation and Services Agreement;

 

"Standby Hire" has
the meaning ascribed in Clause 4.5(c);

 

"Standby Hire Settlement
Amount" has the meaning ascribed in Clause 20.5(a)(iv);

 

"Standby Rate" has
the meaning ascribed in Clause 4.5(c);

 

"Standard Cubic Feet"
or "scf" means the quantity of gas which, when saturated with water vapor at a temperature of sixty degrees Fahrenheit
(60°F) and an absolute pressure of 14.73 pounds per square inch, occupies 1 cubic foot;

 

"Start-Up and Performance
Tests" means the commissioning procedures and FSRU performance tests, including the Regas Tests, in accordance with the
program to be agreed in accordance with Schedule 4;

 

"Taxes" means any
national, municipal or any other tax, sales and use, income or withholding tax or charge imposed by any Governmental Authority
or by municipal or local tax authority, its interest and penalties related thereto or to the nonpayment thereof, and any loss or
tax liability incurred in connection with the determination, settlement or litigation of any liability arising therefrom;

 

"Technical Dispute"
means a dispute in relation to the parameters which constitute Adverse Metocean Conditions, a dispute in relation to the tests
to be agreed in Schedule 4, or a dispute of a technical nature in relation to clauses 4.6, 4.11 and 6, or any dispute of a technical
nature relating to the performance or operation of the Vessel (or measurement thereof), or any other dispute of a technical nature
as may be agreed between the Parties, or a Technical Dispute under the FSRU Operation and Services Agreement;

 

"Term" means, collectively,
the Initial Term and any Off-Hire Extensions (if applicable);

 

    	 	14	 

     

    

 

"Terminal Users"
means the Thermal Generators and any other user of the terminal and "Terminal User" shall mean any one of them;

 

"Thermal Generators"
means Termobarranquilla S.A. ESP, Termocandelaria S.C.A ESP and Zona Franca Celsia S.A. ESP (or any successors to or assigns of
such entities under a TUA), and "Thermal Generator" shall mean any one of them;

 

"Third Party" means
a party other than Owner, Lessee, Contractor or Customer, or each of their Affiliates and the personnel and servants of each of
the foregoing, but which shall not include the Builder;

 

"TUA" means a terminal
use agreement (Contrato de Prestación de Servicios de Regasificación) between Lessee and a Thermal Generator
dated on or about the date of this Agreement or any other terminal use agreement between Lessee and any other Terminal User;

 

"Vessel" means the
one hundred and seventy thousand (170,000) cbm floating storage and regasification unit for LNG more particularly described in
Schedule 1, with Builder's hull No. 2551;

 

"Vessel Acceptance Date"
has the meaning ascribed in Clause 4.6(c);

 

"Vessel Specifications"
means the description of the Vessel set out in Schedule 1, as such description may be amended pursuant to any Lessee request made
in accordance with Clause 4.3(b);

 

"Vessel Starting Point"
has the meaning ascribed in Clause 4.1(b);

 

"Voyage Expenses"
means all incremental expenses unique to the Pre-Delivery Cargo Option, including any incremental bunker fuel expenses (subject
to Owner's compliance with the fuel consumption figures provided in Schedule 1, to the extent applicable), port fees at the loading
port, cargo loading expenses, canal tolls, agency fees and commissions, excluding any operating expenses specific to the Vessel;

 

"Window 1" has the
meaning ascribed in Clause 4.5(b)(i);

 

"Window 2" has the
meaning ascribed in Clause 4.5(b)(ii); and

 

"Window 3" has the
meaning ascribed in Clause 4.5(b)(iii).

 

		1.2	Headings and Interpretation

 

Unless the context requires otherwise:

 

		(a)	a Party to this Agreement or any other agreement ancillary
thereto shall be deemed to include its permitted successors and assigns;

 

		(b)	words denoting the singular shall include the plural and
vice versa and any reference to the neuter gender shall include a reference to the masculine and feminine genders;

 

    	 	15	 

     

    

 

		(c)	the words "written" and "in writing"
include facsimile, printing, engraving, lithography, photography or other means of visible reproduction;

 

		(d)	references to any ordinance or statute shall be deemed
to be references to that ordinance or statute as from time to time amended or re-enacted and shall include subsidiary legislation
made thereunder;

 

		(e)	references to Recitals, Clauses, Paragraphs and Schedules
are to be construed as references to recitals, clauses, paragraphs and schedules of this Agreement;

 

		(f)	the Schedules form part of the operative provisions of
this Agreement and references to this Agreement shall, unless the context otherwise requires, include references to the Recitals
and the Schedules;

 

		(g)	an "order" includes any judgment, injunction,
decree, determination, declaration or award of any court or arbitral or administrative tribunal;

 

		(h)	words "include" or "including"
shall be deemed to be followed by "without limitation" or "but not limited to" whether or not they are followed
by such words;

 

		(i)	a reference to a "day" shall be construed
as reference to a calendar day;

 

		(j)	a reference to the calendar shall be construed as a reference
to the Gregorian calendar;

 

		(k)	a "month" means a period commencing on
a day in a calendar month and ending on the day before the corresponding day in the next calendar month or, if there is none,
ending on the last day of the next calendar month;

 

		(l)	the expression "this Agreement" shall
mean this International Leasing Agreement as amended, supplemented or modified from time to time with the agreement of Owner and
Lessee at any relevant time and any reference to any other document or agreement is a reference to that other document or agreement
as amended, supplemented or novated from time to time; and

 

		(m)	the headings of the Clauses in this Agreement are
inserted for convenience of reference only and shall not affect the meaning or interpretation of this Agreement.

 

		2.	EFFECTIVENESS AND CONDITIONS PRECEDENT

 

		2.1	Conditions Precedent

 

The rights and obligations of the
Parties under this Agreement (other than those set out in Clause 2.2) shall be conditional upon satisfaction of the following conditions
precedent:

 

		(a)	Lessee having obtained the Environmental Permit; and

 

		(b)	the Port Concession having been executed,

 

    	 	16	 

     

    

  

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

 

(together the
"Conditions Precedent").

 

		2.2	Clauses Effective on Execution

 

The rights and obligations of the
Parties under Clauses 2, 3.4, 4.3, 4.4, 4.5(b), 14, 17, 18, 20.3, 20.4, 20.5(c), 20.5(d), 21, 22, 23, 24, 26, 27, 28, 29, 30, 31,
32, 33, 34, 35, 36, 37 of this Agreement shall be effective on and from the date of execution of this Agreement.

 

		2.3	Satisfaction of Conditions Precedent and Termination

 

		(a)	Lessee shall use reasonable endeavours to ensure that the
Conditions Precedent are satisfied as soon as reasonably practicable, and in any event on or prior to 1 June 2015 (or such later
date as the Parties may agree in writing) (the "CP Satisfaction Date").

 

		(b)	If the Conditions Precedent are not satisfied on or prior
to the CP Satisfaction Date and Lessee has decided that it will no longer proceed with the Project, Lessee shall have the right
to terminate this Agreement in accordance with Clause 20.3.

 

		(c)	If Lessee has not terminated this Agreement pursuant to
Clause 2.3(b) and the Conditions Precedent are not satisfied on or prior to 1 October 2015 (or such later date as the Parties
may agree in writing), either Party shall have the right to terminate this Agreement in accordance with Clause 20.3.

 

		(d)	Lessee shall provide Owner with monthly updates (on the
last day of each month, starting on 30 November 2014) as to the progress being made to satisfy the Conditions Precedent and shall
notify Owner as soon as practicable after satisfaction of any of the Conditions Precedent.

 

		3.	CHARTER PERIOD

 

		3.1	Initial Term

 

Subject to the terms and conditions
hereof, Owner agrees to let and Lessee agrees to hire the Vessel on demise for the Initial Term.

 

		3.2	Off-Hire Extensions

 

Any time during which the Vessel
is Off-Hire under this Agreement may be added to the Initial Term, at Lessee's option, up to the total amount of time spent Off-Hire
("Off-Hire Extensions"). Lessee shall exercise this option no later than ***** months before the date on which
this Agreement would otherwise terminate. Any periods of Off-Hire which occur after the time and date on which Lessee has declared
its option may be added to the Initial Term, provided that Lessee has declared that such periods will be so added within *****
months of the end of the relevant Off-Hire period and in any event prior to the end of the Term. During any Off-Hire Extensions,
this

 

    	 	17	 

     

    

 

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

 

Agreement shall be subject to the
same terms and conditions as in effect for the Initial Term, including, without limitation, the same Rate specified in Clause 11.1(b).

 

		3.3	Early Termination Option

 

		(a)	Each Party shall have the option to terminate this Agreement with effect from the First Early Termination
Date by giving the other Party written notice of its intention to do so by no later than ***** months prior to the First Early
Termination Date.

 

		(b)	Each Party shall have the option to terminate this Agreement with effect from the Second Early
Termination Date by giving the other Party written notice of its intention to do so by no later than ***** months prior to the
Second Early Termination Date.

 

		(c)	Notwithstanding the foregoing, in the event that Lessee
notifies Owner within not less than ***** months prior to the First Early Termination Date, that it waives its right to exercise
the option to terminate this Agreement with effect from the First Early Termination Date pursuant to Clause 3.3(a), Owner shall
also lose its right to exercise the option to terminate this Agreement with effect from the First Early Termination Date pursuant
to Clause 3.3(a).

 

		(d)	Exercise of either early termination option under this
Clause 3.3 shall not nullify the Purchase Option. If either early termination option under this Clause 3.3 is exercised, Lessee
shall maintain its right to exercise the Purchase Option on the terms set out in Clause 5.

 

		3.4	Alternative Term Option

 

Notwithstanding the foregoing, Lessee
shall have the option, to be exercised by written notice from Lessee at any time after the date of this Agreement but on or before
1 June 2015, to change the First Early Termination Date to the date falling ***** years commencing from the Vessel Acceptance Date
(minus (a) the aggregate number of days on which Lessee pays the Full Standby Rate (as defined in Schedule 9) (if any); and (b)
the aggregate number of days on which Lessee pays the Deemed Rate (if any)), subject to the adjustments to the terms and conditions
of this Agreement set out in Schedule 9 hereto (the "Alternative Term Option"). In such case, the Second Early
Termination Date shall also be changed to the date falling ***** years after the First Early Termination Date. If Lessee exercises
the Alternative Term Option, the amendments set out in Schedule 9, shall be applied automatically to this Agreement, without
further action or agreement by or between the Parties. If Lessee does not exercise the Alternative Term Option on or before 1 June
2015, the Alternative Term Option shall automatically expire and cease to be exercisable by Lessee. If either the Hard Arms Optional
Change and/or the MSO Optional Change has been exercised by Lessee prior to exercise of the Alternative Term Option, then unless
otherwise agreed between the Parties, the Hard Arms Optional Change and/or the MSO Optional Change (as applicable) shall be cancelled
upon exercise by Lessee of the Alternative Term

 

    	 	18	 

     

    

 

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

 

Option and the cancellation fee shall
become payable by Lessee in the amount(s) provided under Schedule 2.

 

		4.	DELIVERY AND REDELIVERY

 

		4.1	Pre-Delivery Voyage

 

		(a)	Lessee shall be entitled to require that the Vessel loads,
carries and delivers a cargo of LNG to Lessee on the Delivery Date (the "Pre-Delivery Cargo Option"), provided
that:

 

		(i)	Lessee shall exercise the Pre-Delivery Cargo Option at
the latest ***** months prior to the Delivery Due Date; and

 

		(ii)	Owner shall not be required to load a cargo of LNG from
any loading point in respect of which, having used reasonable endeavours, it has been unable to obtain all necessary approvals.

 

		(b)	If Lessee has exercised the Pre-Delivery Cargo Option,
Owner shall notify Lessee in writing as early as reasonably possible of the location from which the Vessel would commence its
voyage to the loading point directed by Lessee (the "Vessel Starting Point"). On this basis, Owner shall provide
Lessee with an estimated price range for the Pre-Delivery Cargo Option, based on: (i) Owner's good faith estimate of the additional
number of days (or part thereof) required for the Vessel to travel from Vessel Starting Point, via the loading point directed
by Lessee, to the Place of Delivery (including time at the loading point), as compared to the time required for the Vessel to
travel from the Vessel Starting Point directly to the Place of Delivery (such additional number of days being the "Pre-Delivery
Voyage Time"), multiplied by the Rate; plus (ii) the Pre-Delivery Voyage Time multiplied by the Daily Fee; plus (iii)
Voyage Expenses. Such estimated price range shall be subject to change only as necessary to reflect additional Pre-Delivery Voyage
Time (not attributable to Owner, Contractor or Owner's or Contractor's Affiliates, contractors, servants and subcontractors) and
applicable Voyage Expenses. Lessee shall have ***** days from the date of receipt of such notice from Owner to elect whether to
proceed with the Pre-Delivery Cargo Option or to cancel the Pre-Delivery Cargo Option.

 

		(c)	Lessee may at any time prior to notification by Owner of
the Vessel Starting Point under Clause 4.1(b) request a fixed lump sum price for the Pre-Delivery Cargo Option from Owner. If
so requested by Lessee, Owner shall notify Lessee of such fixed lump sum price within ***** days following receipt of Lessee’s
request. Lessee shall have ***** days from the date of receipt of such notice from Owner to elect whether to proceed with the
Pre-Delivery Cargo Option on the basis of the lump sum price, to cancel the Pre-Delivery Cargo Option altogether, or to maintain
the Pre-Delivery Cargo Option on the basis of Clause 4.1(b) above.

 

    	 	19	 

     

    

 

		(d)	If Lessee elects to cancel the Pre-Delivery Cargo Option
under Clause 4.1(b) or 4.1(c), Owner shall not be required to deliver the Vessel with a cargo of LNG on the Delivery Date and
Lessee shall not be obliged to pay Owner any amounts under this Clause 4.1.

 

		4.2	Documentation

 

The Vessel shall be properly documented
on Delivery in accordance with the laws of the Flag State, the requirements of the Classification Society and applicable Law.

 

		4.3	Owner's Obligations prior to Delivery

 

		(a)	Any material change order initiated by Owner or by Builder
under the Shipbuilding Contract shall require the prior written approval of Lessee, which approval shall not be unreasonably delayed
or withheld.

 

		(b)	Lessee shall have the right to require Owner to make any
of the optional changes to the Vessel Specifications set forth in Schedule 2 before the deadline applicable to such optional change
as set out in Schedule 2 by giving notice in writing to Owner. Lessee shall pay to Owner the Hard Arms Optional Change Amount
(if Lessee has exercised the Hard Arms Optional Change) and/or the MSO Optional Change Amount (if Lessee has exercised the MSO
Optional Change) in accordance with Clause 4.3(c). In the event that the actual cost of such change order exceeds the Hard Arms
Optional Change Amount or the MSO Optional Change Amount (as applicable), Lessee shall only be required to pay an amount to Owner
equal to the Hard Arms Optional Change Amount or the MSO Optional Change Amount (as applicable) and Owner shall be liable for
any excess. Owner shall take full risk on all installation work associated with the optional changes to the Vessel Specifications
set forth in Schedule 2 at a qualified yard (to be selected by Owner). Owner shall use reasonable endeavours to cause the yard
to give access to four (4) people selected by Lessee, at Lessee's risk and expense, to attend and observe such installation.

 

		(c)	Lessee shall discharge its liability to pay the Hard Arms
Optional Change Amount and/or the MSO Optional Change Amount (as applicable) as set out in Clause 4.3(b) above, either (at Lessee's
election) by:

 

		(i)	Lessee paying to Owner the Hard Arms Optional Change Amount
(if Lessee has exercised the Hard Arms Optional Change) and/or the MSO Optional Change Amount (if Lessee has exercised the MSO
Optional Change) on the Vessel Acceptance Date; or

 

		(ii)	Lessee paying to Owner the Daily Hard Arms Reimbursement
(if Lessee has exercised the Hard Arms Optional Change) and/or the Daily MSO Reimbursement (if Lessee has exercised the MSO Optional
Change), each in accordance with Clause 11.1(d).

 

		(d)	During building and commissioning of the Vessel, Owner
shall on or before the fifteenth (15th) day of each month, provide monthly update reports to Lessee concerning advances in the
building of the Vessel. Such report shall include: (i) activities completed during the previous month; (ii) activities scheduled
for the

 

    	 	20	 

     

    

 

then current month;
(iii) the results of any Completion Tests and any tests of the Regasification Equipment, (iv) a description of any change orders,
(v) any force majeure events declared by the Builder, and (vi) any delays from the construction schedule.

 

		(e)	Owner shall cause the building of the Vessel under the
Shipbuilding Contract to meet the Vessel Specifications. Owner shall procure that, prior to Delivery, all necessary Pre-Commissioning
Tests are completed at Owner's sole cost and expense.

 

		(f)	Owner shall use all reasonable endeavours to cooperate
with the EPC Contractor and shall provide all reasonably requested information in good faith to facilitate the mooring construction
and compatibility of the Vessel with the FSRU Site, the Jetty and the Customer's Topside Facilities and to enable Lessee to comply
with its obligations under Clause 7(a). In the event that Owner is negligent in performing its obligations under this Clause 4.3(f),
Owner shall be liable for any related modification costs caused by its negligence.

 

		(g)	Owner shall on not less than fourteen (14) days' written
notice given by Lessee conduct one site visit at the FSRU Site before the Delivery Due Date to assess the site and the physical
and local conditions applicable at the FSRU Site.

 

		4.4	Inspection

 

At the request of Lessee at any one
or more times prior to the delivery of the Vessel by the Builder to Owner, Owner shall use reasonable endeavours to cause the Builder
to give access to two (2) people selected by Lessee to, at Lessee's risk and expense, attend and observe all construction activities
and tests and trials of the Vessel that will be conducted by the Builder under the Shipbuilding Contract. Without limiting the
generality of the foregoing, Owner shall use reasonable endeavours to cause the Builder to permit two (2) people selected by Lessee
to witness the following:

 

		(a)	the testing by the Builder of the Regasification Equipment
at the shipyard or its or its subcontractors' facilities in Korea or elsewhere; and

 

		(b)	the Pre-Commissioning Tests.

 

Owner shall deliver
notices of testing and trials being performed on the Vessel to Lessee sufficiently in advance to allow two (2) people selected
by Lessee to attend such testing and trials.

 

		4.5	Delivery

 

		(a)	Owner shall tender the Vessel to Lessee upon arrival at
pilot boarding station at the FSRU Site ("Place of Delivery") on 1 June 2016 (as such date may be adjusted in
accordance with Clause 4.5(b)) (the "Delivery Due Date").

 

		(b)	Lessee shall have the option to delay the Delivery Due
Date by giving notice to Owner in writing at any time prior to 1 June 2015 (the "Delay Notice"). If Lessee serves
the Delay Notice, the revised Delivery Due Date shall be determined in accordance with the following narrowing window mechanism:

 

    	 	21	 

     

    

 

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

 

		(i)	the revised Delivery Due Date shall fall in the period
between 2 June 2016 and 1 January 2017 ("Window 1");

 

		(ii)	no later than 11 January 2016, Lessee shall give written
notice to Owner of a ***** day period, which shall fall entirely within Window 1, within which the Delivery Due Date shall fall
("Window 2"). If Lessee fails to give such notice, Window 2 shall be the ***** day period ending on the last
day of Window 1;

 

		(iii)	no later than ***** days prior to the commencement of Window
2, Lessee shall give written notice to Owner of a ***** day period, which shall fall entirely within Window 2, within which the
Delivery Due Date shall fall ("Window 3"). If Lessee fails to give such notice, Window 3 shall be the ***** day
period ending on the last day of Window 2; and

 

		(iv)	no later than ***** days prior to the commencement of Window
3, Lessee shall give written notice to Owner of the Delivery Due Date which shall be a date falling within Window 3. If Lessee
fails to give such notice, the Delivery Due Date shall be the last day of Window 3.

 

		(c)	If Lessee serves a Delay Notice, Lessee shall pay to Owner
a daily standby hire rate equal to ***** Dollars (USD *****) (the "Standby Rate") in accordance with Clause 4.7(d).
The aggregate total amount which Lessee becomes obliged to pay pursuant to this Clause 4.5(c) shall be the "Standby Hire"
and shall be an amount equal to:

 

Standby Rate
x N

 

Where N is the
number of days between 1 June 2016 and the Delivery Due Date.

 

The obligation of Lessee to pay
the Standby Hire as provided in this Agreement (and without prejudice to any remedies Owner may have under this Agreement arising
from the failure of Lessee to pay such Standby Hire as provided in this Agreement) shall represent Owner's sole and exclusive remedy
for Lessee delaying the Delivery Due Date in accordance with Clause 4.5(b).

 

		(d)	The liability of Lessee to pay the Standby Hire shall be
discharged by Lessee by either (at Lessee's option):

 

		(i)	Lessee paying to Owner the Standby Hire on the Vessel Acceptance
Date; or

 

		(ii)	Lessee paying to Owner the Daily Standby Rate Reimbursement,
in accordance with Clause 11.1(e).

 

		(e)	The "Delivery Date" shall be: (i) the
date on which Delivery of the Vessel takes place; or (ii) if Delivery of the Vessel takes place prior to the Delivery Due Date,
the Delivery Due Date.

 

    	 	22	 

     

    

 

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

 

		4.6	Conditions to Acceptance of the Vessel and Evidence of
Vessel Acceptance

 

		(a)	As soon as reasonably practicable, but in any event no
longer than ***** days, after the Delivery Date, Owner shall (i) navigate the Vessel from the Place of Delivery to the FSRU Site
and securely moor the Vessel at the FSRU Site; and (ii) procure that the Start-Up and Performance Tests are completed at Owner's
sole cost and expense, save as provided under Clause 4.12(b). The Start-Up and Performance Tests shall be carried out in the presence
of four (4) people selected by Lessee.

 

		(b)	Lessee's acceptance of the Vessel following the Delivery
by Owner shall be subject to: (i) the Vessel meeting those certain Vessel Specifications where non-compliance would have an adverse
effect on the compatibility of the Vessel with the Jetty and Customer's Topside Facilities, performance of the Vessel, classification/registration
and Flag State of the Vessel and meeting in all material respects the other Vessel Specifications; (ii) the Vessel successfully
completing the Completion Tests; and (iii) Owner having demonstrated to Lessee's satisfaction (acting reasonably) that the Vessel
is validly registered in Owner's name.

 

		(c)	On the date on which the conditions set out in Clause 4.6(b)
have been met or Lessee has agreed to accept the Vessel in accordance with and subject to Clause 4.7(b)(ii), Owner and Lessee
shall execute a certificate of acceptance in the form set forth in Schedule 5 (the "Certificate of Acceptance").
Notwithstanding the foregoing, if the Parties are unable to agree on whether the conditions set out in Clause 4.6(b) have been
met, the Certificate of Acceptance shall be deemed executed on the day all the conditions set out in Clause 4.6(b) have been met
as determined by the Expert in accordance with Clause 30.2. The date on which the Certificate of Acceptance is executed or deemed
executed by the Parties shall be the "Vessel Acceptance Date".

 

		(d)	In circumstances where the Vessel fails to meet the Vessel
Specifications which failure has an adverse effect on the compatibility of the Vessel with the Jetty and Customer's Topside Facilities,
performance of the Vessel, classification/registration and Flag State of the Vessel and/or fails to meet in any material respect
any of the other Vessel Specifications or fails to pass any Completion Tests, Owner shall at its sole cost and expense, correct
any defect or non-conformity causing such failure and re-perform the Completion Tests. Until the Vessel meets those Vessel Specifications
where non-compliance would have an adverse effect on the compatibility of the Vessel with the Jetty and Customer's Topside Facilities,
performance of the Vessel, classification/registration and Flag State of the Vessel and meets in all material respects the other
Vessel Specifications and passes the relevant Completion Test, Lessee shall have the right to refuse to execute the Certificate
of Acceptance.

 

    	 	23	 

     

    

 

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

 

		4.7	Delays to Vessel Acceptance Date

 

		(a)	If the Vessel Acceptance Date has not occurred within *****
days after the Delivery Due Date, Owner shall pay to Lessee as liquidated damages a sum of ***** Dollars (USD *****) for each
day of delay, provided that:

 

		(i)	the aforesaid ***** day period shall be extended by an
equal number of days for each day or part of a day of delay caused by: (A) an Event of Force Majeure; or (B) any ILA Excusable
Event; (C) any failure by Lessee to provide additional LNG required to re-perform any Start-Up and Performance Tests pursuant
to Clause 4.12(b) and/or Clause 7(g); or (D) the existence of Adverse Metocean Conditions; and

 

		(ii)	the total amount of such liquidated damages payable by
Owner under this Clause 4.7(a) shall not exceed ***** Dollars (USD *****), and, save for Lessee's right to terminate this Agreement
under Clause 4.7(b)(i) and Lessee's rights under Clause 20 (and without prejudice to any remedies Lessee may have under this Agreement
arising from the failure of Owner to pay such liquidated damages), any such liquidated damages shall represent Lessee's sole and
exclusive remedy for the delay by Owner beyond the Delivery Due Date.

 

		(b)	If the Vessel Acceptance Date has not occurred within *****
days after the Delivery Due Date, Lessee may, at its sole option:

 

		(i)	terminate this Agreement with immediate effect in accordance
with Clause 20.2(a)(xviii); or

 

		(ii)	accept a valid tender of the Vessel, provided that where
the Vessel cannot achieve the Guaranteed Regas Rate, Owner compensates Lessee by reducing the Rate in accordance with Clause 4.7(c),

 

provided that the aforesaid *****
day period shall be extended by an equal number of days for each day or part of a day of delay caused by (A) an Event of Force
Majeure; or (B) any ILA Excusable Event; (C) any failure by Lessee to provide additional LNG required to re-perform any Start-Up
and Performance Tests pursuant to Clause 4.12(b) and/or Clause 7(g); or (D) the existence of Adverse Metocean Conditions.

 

		(c)	If the Vessel Acceptance Date has not occurred because,
due to the Vessel's technical or other condition, the Owner is unable to establish that the Vessel is capable of sending out regasified
LNG at a rate of four hundred million Standard Cubic Feet per day (400 MMscf/day) (the "Guaranteed Regas Rate")
and Lessee nevertheless elects to accept a valid tender of the Vessel pursuant to Clause 4.7(b)(ii), the following shall apply:

 

		(i)	the Rate shall be reduced by a percentage equal to the
deficiency expressed as a percentage between the send out rate that the Vessel is

 

    	 	24	 

     

    

 

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

 

capable
of achieving at the relevant time and the Guaranteed Regas Rate; and

 

		(ii)	the reduction in Rate pursuant to Clause 4.7(c)(i) shall
until the Vessel is capable of achieving the Guaranteed Regas Rate.

 

		(d)	If the period between the Delivery Due Date and the Vessel
Acceptance Date is extended beyond ***** days as a result of the occurrence in the period between the Delivery Due Date and the
Vessel Acceptance Date of any of the following events or circumstances (each such event or circumstance, a "Lessee Delay
Event"):

 

		(i)	any ILA Excusable Event;

 

		(ii)	Event of Force Majeure (save for Events of Force Majeure
acting on the Vessel prior to Delivery); or

 

		(iii)	Adverse Metocean Conditions;

 

Lessee shall pay Owner an amount equal
to ***** Dollars (USD *****) (the "Deemed Rate") for each day or part of a day of such delay (without double-counting)
which is caused by a Lessee Delay Event in accordance with Clause 4.7(e), provided that Lessee shall not be obliged to pay Owner
such amounts to the extent that the Lessee Delay Event is an Event of Force Majeure affecting the Vessel where such Event of Force
Majeure is covered by Owner's insurance (or would have been so covered had Owner been in full compliance with its obligations to
maintain insurance in accordance with Clause 23). The total amount which Lessee becomes obliged to pay pursuant to this Clause
4.7(d) shall be the "Accrued Hire" and save for Owner's right to terminate this Agreement under Clause 4.7(f)
and 20.3(d) (and without prejudice to any remedies Owner may have under this Agreement arising from the failure of Lessee to pay
such Accrued Hire as provided in this Agreement), such obligation of Lessee to pay the Accrued Hire as provided in this Agreement,
shall represent Owner's sole and exclusive remedy for the delay in achieving the Vessel Acceptance Date due to a Lessee Delay Event;

 

		(e)	Lessee shall discharge any liability to pay Accrued Hire
either (at Lessee's option) by:

 

		(i)	Lessee paying to Owner the Accrued Hire on the Vessel Acceptance
Date; or

 

		(ii)	Lessee paying to Owner the Daily Accrued Hire Reimbursement,
in accordance with Clause 11.1(f).

 

		(f)	If Lessee has become liable to pay the Deemed Rate for
***** days or more pursuant to Clause 4.7(d) (but excluding any days on which Lessee become liable to pay the Deemed Rate due
to Adverse Metocean Conditions), Lessee

 

    	 	25	 

     

    

 

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

 

shall have the
right to terminate this Agreement in accordance with Clause 20.3(e). Subject to Clause 4.7(g), Owner shall also have the right
to terminate this Agreement in the circumstances set out in this Clause 4.7(f) in accordance with Clause 20.3(d).

 

		(g)	Prior to exercising Owner's right to terminate this Agreement
pursuant to Clause 4.7(f), Owner shall notify Lessee of its intention to exercise such right. Upon receipt of such notice from
Owner, Lessee shall have the option (but not the obligation) to pay to Owner the Accrued Hire. If Lessee has not paid such amounts
to Owner within ***** Banking Days of receipt of such notice from Owner, Owner shall have the right to terminate this Agreement
in accordance with Clause 20.3(d). If Lessee pays such amounts to Owner within the ***** Banking Day period, Owner shall not have
the right to terminate this Agreement, and Lessee shall pay the Deemed Rate for each additional day of delay caused by a Lessee
Delay Event arising after such date on a monthly basis in arrears, until the Vessel Acceptance Date.

 

		4.8	Redelivery

 

Unless Lessee has exercised the Purchase
Option, at the expiration of the Term the Vessel shall be redelivered by Lessee to Owner at the FSRU Site. Lessee shall give Owner
*****, *****, *****, *****, *****, *****, *****, *****, *****, *****, ***** and ***** day(s) notice of redelivery.

 

		4.9	Early Redelivery

 

Unless Lessee has exercised the Purchase
Option, if this Agreement is terminated prior to the expiration of the Term in accordance with any provision of this Agreement
or applicable Law, the Vessel shall be redelivered by Lessee to Owner at the FSRU Site on the date on which this Agreement terminates
and, subject to Clause 4.12(c), Owner shall pay Lessee for the LNG on board at the LNG Price and any other sums Lessee is entitled
to receive under this Agreement.

 

		4.10	Bunkers at Delivery and Redelivery

 

Owner shall provide, and Lessee will
accept and pay for, all bunkers (which shall include fuel oil, diesel oil and gas oil) on board the Vessel at the time of Delivery,
and on Redelivery (whether it occurs at the end of the Term or on the early termination of this Agreement) Owner will accept and
pay for all bunkers remaining on board at the time of Redelivery. All bunkers shall be valued at the price paid for such bunkers
as evidenced by the relevant invoices.

 

		4.11	Bunkers' Quality Specifications

 

All bunkers supplied or provided
by Owner pursuant to Clause 4.10 at the time of Delivery shall meet the minimum quantity requirements and quality standards more
particularly described in the FSRU Operation and Services Agreement at Schedule VI.

 

    	 	26	 

     

    

 

		4.12	LNG and LNG Heel at Delivery and Redelivery

 

		(a)	Owner shall deliver the Vessel to Lessee with cargo tanks
containing LNG vapour, inert gas or fresh air, at Owner's option, or, in the event that Lessee has exercised and not cancelled
the Pre-Delivery Cargo Option, loaded with LNG.

 

		(b)	Lessee shall provide and pay for the LNG necessary for
Owner to carry out the Start-Up and Performance Tests at the Place of Delivery, provided that:

 

		(i)	if agreed between the Parties prior to Delivery, Owner
shall procure for the account of Lessee such commissioning LNG and the initial LNG Heel;

 

		(ii)	if additional LNG is required to re-perform any Start-up
and Performance Tests, unless for reasons attributable to Lessee such LNG shall be paid for by Owner, with no right of reimbursement
from Lessee.

 

		(c)	Lessee shall redeliver the Vessel to Owner with cargo tanks
containing inert gas or fresh air, at Lessee's option, provided that, if so requested by Owner, Lessee shall use reasonable endeavours
to redeliver the Vessel to Owner with tanks under LNG vapours or with a quantity of LNG Heel notified by Owner in writing to Lessee
of between two thousand (2,000) cbm and ten thousand (10,000) cbm. Owner shall pay Lessee for all such LNG Heel on board at Redelivery
at the LNG Price.

 

		4.13	Bunkers and LNG Heel on Board

 

Notwithstanding anything contained
in this Agreement, all bunkers and LNG Heel on board the Vessel shall, throughout the Term, remain the property of Lessee and can
only be purchased on the terms specified in this Agreement at the end of the Term or, if earlier, at the termination of this Agreement.

 

		4.14	Oil and Stores

 

No payment shall be made by Lessee
on delivery or by Owner on redelivery for any part of the Vessel's equipment, outfit including spare parts, appliances or consumable
stores on board and Owner and Contractor shall make their own arrangement at the time of delivery and redelivery for taking over
and payment for lubricating oil, un-broached provisions, paints, ropes and other consumable stores in the Vessel.

 

		5.	OPTION TO PURCHASE

 

		5.1	Owner hereby grants to Lessee the option to purchase the
Vessel on an "as is where is" basis from Owner at the end of the Term on the terms set out in this Clause 5 (the "Purchase
Option").

 

		5.2	Lessee shall have the right (but not the obligation) at
its sole discretion to elect by notice in writing to Owner to exercise the Purchase Option at the end of the Term.

 

		5.3	On the exercise of the Purchase Option by Lessee, Owner
shall become bound to sell and Lessee shall become obliged to purchase the Vessel in accordance with the terms set out in this
Clause 5.

 

    	 	27	 

     

    

 

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

 

		5.4	The price to be paid by Lessee on completion of the Purchase
Option shall be the amount specified in the amortisation table appearing at Schedule 10, corresponding to the point in time when
the Purchase Option is to be completed.

 

		5.5	The Purchase Option Price shall be deemed to be exclusive
of any and all Taxes.

 

		5.6	Subject to Clauses 5.9 and 5.10, completion of the Purchase
Option shall take place on a date to be agreed between the Parties (or failing such agreement, the date falling ***** days after
the end of the Term). For the avoidance of doubt, during the period from service of the notice exercising the Purchase Option
until completion of the Purchase Option, the terms of this Agreement shall remain in full force and effect.

 

		5.7	On the date fixed for completion of the Purchase Option,
completion of the Purchase Option shall take place by the occurrence of all of the following actions:

 

		(a)	Lessee shall pay the Purchase Option Price to Owner by
electronic bank transfer to such account as Owner shall nominate in writing prior to the date for completion of the Purchase Option;
and

 

		(b)	upon receipt of the Purchase Option Price, Owner shall
arrange discharge of any Encumbrances and shall transfer or procure the transfer of the Vessel to Lessee free from Encumbrances
and deliver all relevant documents of title in respect of the Vessel to Lessee,

 

provided that the steps identified
in this Clause 5.7(a) and 5.7(b) above shall be subject to adjustment as necessary to satisfy the requirements of the Approved
Mortgagee.

 

		5.8	If any of the provisions of Clause 5.7 are not complied
with on the date fixed for completion of the Purchase Option, the Party not in default may (without prejudice to its other rights
and remedies):

 

		(a)	defer completion to a date not more than ***** Banking
Days after such date (and so that the provisions of this Clause 5 shall apply to completion as so deferred);

 

		(b)	proceed to completion so far as is practicable; or

 

		(c)	rescind the contract of sale arising by virtue of the exercise
of the Purchase Option.

 

		5.9	If, during the period between exercise of the Purchase
Option and the day of completion of the Purchase Option, the Vessel:

 

		(a)	has become an actual, constructive, compromised or arranged
total loss or goes missing; or

 

		(b)	is no longer in working order,

 

    	 	28	 

     

    

 

 

then the contract of sale arising
by virtue of the exercise of the Purchase Option shall be automatically rescinded according to its terms.

 

		5.10	If, during the period between exercise of the Purchase
Option and the day of completion of the Purchase Option, this Agreement is terminated, it shall be understood that Lessee no longer
wishes to exercise the Purchase Option, and the contract of sale arising by virtue of the exercise of the Purchase Option shall
be automatically rescinded according to its terms.

 

		5.11	In case of early termination of this Agreement under Clause
20, or otherwise for any reason (except for termination by either Party on the First Early Termination Date or the Second Early
Termination Date), the Purchase Option shall cease to apply and all rights thereto shall be irrevocably waived by Lessee.

 

		6.	OWNER TO PROVIDE

 

Owner shall be responsible for delivering
the Vessel to Lessee in accordance with Clause 4.5 and meeting or satisfying the conditions to the acceptance of the Vessel pursuant
to Clause 4.6(b).

 

		7.	LESSEE TO PROVIDE

 

Lessee shall be responsible for the
following:

 

		(a)	causing the FSRU Site, the Jetty and the Customer's Topside
Facilities to be in all respects suitable for the mooring of the Vessel and for Owner to perform its obligations under this Agreement
during the Term;

 

		(b)	making the payments to Owner as provided in this Agreement;

 

		(c)	the legal importation of the Vessel into Colombia without
undue delay, including the conduct of any administrative proceedings required for such importation, and the payment of (i) Taxes
applicable to the importation of the Vessel to the extent that such Taxes arise in Colombia and (ii) all Port Charges;

 

		(d)	maintaining in force and effect the Environmental Permit
and the Port Concession;

 

		(e)	obtaining local port authorization to move the Vessel from
the Place of Delivery to the FSRU Site, unless by applicable law or regulations only Owner can seek and obtain such authorization.
Owner shall provide all necessary support to Lessee to obtain such authorization in a timely manner;

 

		(f)	providing pilot, fire boats, tugs, escort vessels, security
measures (including guard vessels) and any other assistance required in order for the Vessel to reach and be properly moored,
stay at and leave the FSRU Site;

 

		(g)	providing timely, suitable and sufficient LNG supply and
Gas off-take capacity in order for Owner to timely complete the Start-Up and Performance Tests as well as gas oil and diesel oil
for the production of nitrogen gas and inert gas and for the diesel generators;

 

    	 	29	 

     

    

 

		(h)	the legal exportation of the Vessel out of Colombia without
undue delay, including the conduct of any administrative proceedings required for such exportation, and the payment of Taxes applicable
to the exportation of the Vessel to the extent that such Taxes arise in Colombia;

 

		(i)	returning the Vessel to Owner at the expiry of the Term,
provided that the Purchase Option is not exercised, or upon earlier termination of this Agreement; and

 

		(j)	implementing and maintaining the Lessee Trust Fund as provided
under Clause 12.13.

 

		8.	REQUIREMENTS ON THE USE OF THE VESSEL

 

The Vessel's employment under this
Agreement shall only be as a floating storage and regasification unit for LNG and the Vessel shall be moored at the Jetty located
in the FSRU Site and shall be capable of receiving and storing LNG and discharging regasified LNG subject to the terms of this
Agreement and the FSRU Operation and Services Agreement. Except as it may otherwise be mutually agreed by the Parties, or with
the exception of tsunami warnings or adverse weather in the vicinity of the FSRU Site where the Vessel may leave the FSRU Site
temporarily under her own propulsion to a safe port or place and thereafter return as soon as the FSRU Site ceases to be subject
to such tsunami warnings or adverse weather (at all such times being on Hire), the Vessel under this Agreement may not be used
in any port or place other than at the FSRU Site. Notwithstanding the foregoing, if Lessee wishes to moor the Vessel at an alternative
site besides the FSRU Site, it may do so provided: (a) Owner approves such alternative site, such approval not to be unreasonably
withheld; and (b) Lessee pays all costs and expenses of Owner arising or incurred in connection with the change of site, including
without limitation, costs associated with the relocation of the Vessel and any logistical requirement of Owner at the alternative
site. The Vessel shall remain on Hire during any such relocation.

 

		9.	TRADING RESTRICTIONS

 

Lessee undertakes not to employ the
Vessel or suffer the Vessel to be employed otherwise than in conformity with the terms of this Agreement and the FSRU Operation
and Services Agreement.

 

		10.	CHANGE IN LAW AND CHANGES TO VESSEL

 

		10.1	New Class and Other Safety Requirements etc.

 

In the event of
any improvement, structural changes or any other modification or new equipment becoming necessary on the Vessel for the use of
the Vessel and/or the performance of the FSRU Services under the FSRU Operation and Services Agreement by reason of:

 

		(a)	new class requirements;

 

		(b)	legislation of the Flag State; or

 

		(c)	any Change in Law,

 

    	 	30	 

     

    

 

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

 

the cost of compliance
shall, subject to an annual floor of ***** Dollars (USD *****) which shall be for Owner's account, be borne by Lessee. The Vessel
shall always remain on Hire for all periods relating to such improvement, changes or modification required in connection with a
Change in Law which arises in Colombia. The Vessel shall be Off-Hire and Hire shall not be payable for periods in which the Vessel
is unavailable due to an improvement change or modification necessitated by a Change in Law which arises outside of Colombia or
by new class requirements or legislation of the Flag State.

 

		10.2	Changes to the Vessel

 

Subject to Clause 10.1, Lessee shall
make no changes in the Vessel or changes in the machinery, boilers, appurtenances or spare parts thereof without in each instance
first securing Owner's written approval thereof.

 

		11.	HIRE AND DAILY REIMBURSEMENT AMOUNTS

 

		11.1	Rate of Hire

 

		(a)	Subject to the terms of this Agreement, unless the Vessel
is Off-Hire or the Partial Hire Rate is payable in accordance with this Clause 11, Lessee shall pay a monthly hire for the leasing
of the Vessel ("Hire"), calculated at the Rate in Dollars per day, and pro rata for any part of a day, from the
Vessel Acceptance Date until the time and date of Redelivery to Owner. The amount of the Hire payable by Lessee for any calendar
month shall be equal to the sum of (i) the Rate multiplied by the number of days in the relevant month on which the Rate was payable
and (ii) the Partial Hire Rate multiplied by the number of days in the relevant month on which the Partial Hire Rate was payable.

 

		(b)	The daily rate for the leasing of the Vessel (the "Rate")
from the Vessel Acceptance Date shall be ***** Dollars (USD *****), as adjusted in accordance with Clause 4.7(c) (if applicable).

 

		(c)	Schedule 10 sets out a table showing the Rate comprising
amortisation of the Vessel and a financial portion to represent Owner's interest in this Agreement.

 

		(d)	In the event Lessee has become liable to pay the Hard Arms
Optional Change Amount and/or the MSO Optional Change Amount (as applicable) pursuant to Clause 4.3(b) and Lessee has elected
to discharge its liability in respect of such amount pursuant to Clause 4.3(c)(ii), Lessee shall pay to Owner for each day of
the first ten (10) years of the Initial Term:

 

		(i)	if Lessee has exercised the Hard Arms Optional Change,
an amount equal to ***** Dollars (USD *****) (the "Daily Hard Arms Reimbursement"), until Lessee has paid an
aggregate amount under this Clause 11.1(d)(i) equal to the Hard Arms Optional Change Amount; and/or

 

    	 	31	 

     

    

 

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

 

		(ii)	if Lessee has exercised the MSO Optional Change, an amount
equal to ***** Dollars (USD *****) (the "Daily MSO Reimbursement"), until Lessee has paid an aggregate amount
under this Clause 11.1(d)(ii) equal to the MSO Optional Change Amount.

 

		(e)	In the event Lessee has become liable to pay the Standby
Hire pursuant to Clause 4.5(c) and Lessee has elected to discharge its liability in respect of such amount pursuant to Clause
4.5(d)(ii), Lessee shall pay to Owner for each day of the first ten (10) years of the Initial Term an amount equal to:

 

*****

 

Where:

 

***** is the daily interest rate
equivalent to a rate of ***** per cent (*****%) per annum;

 

***** is the Standby Hire; and

 

***** is the total number of days
in the first ten (10) years of the Initial Term,

 

(the "Daily Standby Rate
Reimbursement"), until Lessee has paid an aggregate amount under this Clause 11.1(e) equal to the Standby Hire.

 

		(f)	In the event Lessee has become liable to pay the Accrued
Hire pursuant to Clause 4.7(d) and Lessee has elected to discharge its liability in respect of such amount pursuant to Clause
4.7(e)(ii), Lessee shall pay to Owner for each day of the first ten (10) years of the Initial Term an amount equal to:

 

*****

 

Where:

 

***** is the daily interest rate
equivalent to a rate of ***** per cent (*****%) per annum;

 

***** is the Accrued Hire; and

 

***** is the total number of days
in the first ten (10) years of the Initial Term,

 

(the "Daily Accrued Hire
Reimbursement"), until Lessee has paid an aggregate amount under this Clause 11.1(f) equal to the Accrued Hire.

 

		(g)	In the event Lessee has become liable to pay the Pre-VAD
Lessee LOC Costs pursuant to Clause 12.10(d), Lessee shall pay to Owner for each day of the first ten (10) years of the Initial
Term an amount equal to:

 

*****

 

    	 	32	 

     

    

 

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

 

Where:

 

***** is the daily interest rate
equivalent to a rate of ***** per cent (*****%) per annum;

 

***** is the Pre-VAD Lessee LOC
Costs; and

 

***** is the total number of days
in the first ten (10) years in the Initial Term,

 

(the "Daily Pre-VAD LOC
Reimbursement"), until Lessee has paid an aggregate amount under this Clause 11.1(g) equal to the Pre-VAD Lessee LOC Costs.

 

		11.2	Partial Hire

 

		(a)	On any day on which there is a Service Failure under the
FSRU Operation and Services Agreement and the Vessel is not considered Off-Hire under this Agreement, a reduced Rate shall be
payable by Lessee (the "Partial Hire Rate").

 

		(b)	The Partial Hire Rate shall be calculated on a daily basis
and shall be the Rate multiplied by the percentage of the duly nominated volume of regasified LNG that Contractor was able to
deliver on the relevant day under the FSRU Operation and Services Agreement.

 

		12.	PAYMENT, INVOICING AND PERFORMANCE SECURITY

 

		12.1	Invoices

 

On the first (1st)
Banking Day of each month which falls after the Vessel Acceptance Date, Owner shall issue to Lessee an invoice in respect of amounts
payable by Lessee pursuant to Clauses 11.1(a), 11.1(d), 11.1(e), 11.1(f) and 11.1(g) corresponding to the immediately preceding
month (the "Hire Invoice"), which shall include the following information:

 

		(a)	the dates and the number of days in the relevant month
for which the Rate is payable;

 

		(b)	the applicable Rate;

 

		(c)	the dates and the number of days in the relevant month
for which the Partial Hire Rate is payable;

 

		(d)	the applicable Partial Hire Rate for each of the days specified
in Clause 12.1(c);

 

		(e)	the gross amount of Hire payable pursuant to Clause 12.1(a)
for the relevant month (expressed in figures and in words), including applicable gross up pursuant to Clause 12.7(a);

 

    	 	33	 

     

    

 

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

 

		(f)	any applicable Daily Reimbursement Amounts, the number
of days in the relevant month and the gross amount of Daily Reimbursement Amounts payable for the relevant month;

 

		(g)	the date and place of issue and serial number of the Hire
Invoice;

 

		(h)	reference to this Agreement;

 

		(i)	the name and code number of the bank, its address and the
account number to which payment should be made; and

 

		(j)	the name of a contact person and such person's address
and fax number, in order that Lessee may notify Owner that payment has been made.

 

		12.2	Debit Notes

 

		(a)	If any amounts are due from one Party to the other Party
pursuant to this Agreement other than those set forth in a Hire Invoice, including any amounts paid but not earned or earned but
not paid, then the Party to whom such sums are owed shall furnish to the other Party an invoice (each a "Debit Note")
therefor setting out, where applicable, the relevant information together with calculations and relevant supporting documents.

 

		(b)	Lessee shall be entitled to invoice under a Debit Note:

 

		(i)	any disbursements made by Lessee for Owner's or the Vessel's
account, including commissions, overheads and handling charges when such disbursements are permitted to be made by Lessee under
this Agreement; and

 

		(ii)	any other amounts to which Lessee is entitled or which
are payable by Owner to Lessee under this Agreement.

 

		12.3	Payment Dates

 

		(a)	Each Hire Invoice received by Lessee in accordance with
Clause 12.1 shall become due and payable on the date which falls ***** Banking Days after receipt by Lessee of the Hire Invoice
(the "Hire Invoice Due Date").

 

		(b)	Each Debit Note shall become due and payable on the date
which falls ***** Banking Days after receipt by the relevant Party of the Debit Note (the "Debit Note Due Date").

 

		(c)	All Hire Invoices and Debit Notes shall be issued and paid
in Dollars.

 

		12.4	Payment

 

		(a)	Subject to Clause 12.5, Lessee shall pay or cause to be
paid, on or before the Hire Invoice Due Date and Debit Note Due Date, as applicable, all amounts that

 

    	 	34	 

     

    

 

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

 

become due and
payable by Lessee pursuant to Hire Invoices or Debit Notes, as the case may be, issued hereunder in immediately available funds
to such account with such bank and in such location as shall have been designated by Owner in such Hire Invoice or Debit Note,
as applicable.

 

		(b)	Subject to Clause 12.5, Owner shall pay or cause to be
paid, on or before the Debit Note Due Date, all amounts that become due and payable by Owner pursuant to Debit Notes issued hereunder
in immediately available funds to such account with such bank and in such location as shall have been designated by Lessee in
such Debit Note.

 

		(c)	Lessee shall not have the right to receive payment from
Owner of any amount under a Debit Note hereunder to the extent Customer has issued a debit note for the same item in accordance
with the provisions of clause 9.2 of the FSRU Operation and Services Agreement. Owner shall not have the right to receive payment
from Lessee of any amount under a Debit Note hereunder to the extent Contractor has issued a debit note for the same item in accordance
with the provisions of clause 9.2 of the FSRU Operation and Services Agreement.

 

		(d)	Any payment which is due to be made under this Agreement
on a day that is not a Banking Day shall be made on the next succeeding Banking Day.

 

		12.5	Disputed Invoices

 

If a Party disagrees
with any Hire Invoice and/or Debit Note, it shall pay all undisputed amounts of such Hire Invoice and/or Debit Note (subject to
adjustment for outstanding undisputed Hire Invoice and/or Debit Notes) and shall immediately notify the other Party (the "Issuing
Party") of the reasons for such disagreement, except that, in the case of manifest error in computation, the Party receiving
the Hire Invoice or the Debit Note shall pay the correct amount after advising the Issuing Party of the error. A Hire Invoice or
Debit Note may be contested by the Party that received it or modified by the Party that sent it, by notice delivered to the other
Party within a period of ***** Banking Days after such receipt or sending, as the case may be. In the event the Parties are unable
to resolve the dispute as to a Hire Invoice or Debit Note the matter shall be referred to arbitration in accordance with Clause
30.3. Promptly after resolution of any dispute as to a Hire Invoice or Debit Note, the amount agreed or determined to be due shall
be paid by Owner or Lessee (as the case may be) to the other Party, together with interest thereon at the Default Rate from the
original due date to the date of payment of the due amount.

 

		12.6	Delayed Payment

 

		(a)	If any amount due from either Party under this Agreement
shall not be paid or credited when due, then there shall be due and payable to the other Party compensation thereon, calculated
at a rate equal to LIBOR plus ***** per cent (+*****%) per annum (the "Default Rate"), as it changes from time
to time from the date on which such payment or credit became overdue to and until such payment or credit is paid or credited in
full.

 

    	 	35	 

     

    

 

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

 

		(b)	If Lessee fails to pay any Hire Invoice on or before the
Hire Invoice Due Date or any Debit Note on or before the Debit Note Due Date, Owner shall give Lessee a written notice requesting
that Lessee rectifies the failure. Subject to Clause 12.5, if Lessee fails to make payment in full of all such outstanding amounts,
including interest thereon as provided under Clause 12.6(a) within ***** Banking Days following the date of receipt of such notice,
Owner shall be entitled to claim the full amount of such outstanding payment, including interest thereon as provided under Clause
12.6(a), from the Lessee Performance Security.

 

		(c)	If Owner fails to pay any Debit Note on or before the Debit
Note Due Date, Lessee shall give Owner a written notice requesting that Owner rectifies the failure. Subject to Clause 12.5, if
Owner fails to make payment in full of all such outstanding amounts, including interest thereon as provided under Clause 12.6(a)
within ***** Banking Days following the date of receipt of such notice, Lessee shall be entitled to claim the full amount of such
outstanding payment, including interest thereon as provided under Clause 12.6(a), from the Höegh Performance Guarantor under
the Höegh Performance Guarantee.

 

		(d)	Neither Party shall be responsible for any delay or error
by the other (second) Party's bank in crediting the second Party's account provided that the first Party has given proper and
timely payment instructions.

 

		12.7	Taxes

 

Each Party will bear its own Taxes,
provided that:

 

		(a)	Lessee shall pay, and gross up Hire and/or, to the extent applicable, any payment in respect of
the Hard Arms Optional Change Amount, the MSO Optional Change Amount, Accrued Hire, Standby Hire and/or the Pre-VAD Lessee LOC
Costs (including any Daily Reimbursement Amounts) to account in full for, any Colombian withholding Taxes on any payments made
to Owner under this Agreement so that Owner will receive the same net amount as if no such withholding had been required;

 

		(b)	Lessee shall compensate Owner for any Taxes imposed due to the Vessel being permanently moored
in Colombia;

 

		(c)	any Taxes relating to any importation (including, for the avoidance of doubt, re-importation) or
exportation of the Vessel into or out of Colombia under this Agreement shall be borne by Lessee; and

 

		(d)	Lessee shall bear or (as required) compensate Owner for all other Colombian Taxes.

 

For the avoidance of doubt, Lessee
shall in no event be responsible for the payment of any Taxes relating to or arising from (i) Owner's net income (except if imposed
in Colombia), (ii) Owner's employees or (iii) Owner's breach of this Agreement.

 

    	 	36	 

     

    

 

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

 

		12.8	Reporting Requirements

 

Each Party shall
comply with any and all governmental requirements regarding reporting, filing of returns, maintenance of books and records, and
payment of Taxes.

 

		12.9	Evidence of Payment

 

Each Party shall
promptly upon request provide the other Party with evidence of payment of all amounts required to be paid by such Party under this
Clause 12, including if appropriate access to originals of such evidence.

 

		12.10	Lessee Performance Security before Vessel Acceptance Date

 

		(a)	From 11 January 2016 up to the Vessel Acceptance Date (save
as set out in Clause 12.10(c)), Lessee shall procure and maintain the Pre-VAD Lessee LOC, in an amount equal to the Pre-VAD Lessee
LOC Value, provided that Owner pays all costs associated with the Pre-VAD Lessee LOC directly to the issuing bank or other financial
institution.

 

		(b)	Lessee shall provide a counter-indemnity in favour of the
bank or financial institution issuing the Pre-VAD Lessee LOC.

 

		(c)	Subject to Clause 12.5, Owner may make a demand under the
Pre-VAD Lessee LOC in respect of any amounts which have fallen due for payment by Lessee under the terms of this Agreement and
which Lessee has failed to pay under this Agreement. In case an invoice issued prior to the Vessel Acceptance Date is subject
to a dispute under Clause 12.5, the validity of the Pre-VAD Lessee LOC shall be maintained until the date falling ***** Banking
Days after such dispute is finally resolved in accordance with Clause 30.3.

 

		(d)	Lessee shall reimburse to Owner an amount equal to half
of the documented costs paid by Owner to the issuing bank or financial institution in respect of the Pre-VAD Lessee LOC (such
amount being the "Pre-VAD Lessee LOC Costs") by paying to Owner the Daily Pre-VAD LOC Reimbursement, in accordance
with Clause 11.1(g).

 

		12.11	Lessee Performance Security on and after Vessel Acceptance
Date

 

		(a)	Lessee shall on the Vessel Acceptance Date, provide to
Owner, and shall maintain until the end of the Term: (i) Lessee Cash Security; and/or (ii) a Lessee LOC in an aggregate amount
equal to the Lessee Performance Security Value.

 

		(b)	Subject to Clause 12.5 and clause 9.5 of the FSRU Operation
and Services Agreement, Owner may make a demand under the Lessee Performance Security in respect of any amount which Lessee has
failed to pay under this Agreement and/or which Customer has failed to pay under the FSRU Operation and Services Agreement.

 

    	 	37	 

     

    

 

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

 

		(c)	In case of any claim by Owner under the Lessee Performance
Security pursuant to Clause 12.11(b), Lessee shall be obliged within ***** Banking Days thereafter to procure the full replenishment
of the Lessee Performance Security so that the aggregate value of the Lessee Performance Security is equal to the Lessee Performance
Security Value.

 

		12.12	Owner Performance Security

 

		(a)	Owner shall, on or before the date which falls ***** days
after the date on which Owner is notified by Lessee that the Conditions Precedent have been satisfied, provide to Lessee, and
shall maintain until the end of the Term the Höegh Performance Guarantee.

 

		(b)	The Höegh Performance Guarantor shall meet the HPG
Credit Tests.

 

		(c)	If:

 

		(i)	the Vessel Acceptance Date has occurred;

 

		(ii)	Höegh LNG Partners LP has provided to Lessee a Höegh
Performance Guarantee, and such Höegh Performance Guarantee is in full force and effect;

 

		(iii)	Höegh LNG Partners LP have provided legal opinions
from recognised counsel as to the due incorporation of Höegh LNG Partners LP, the power and authority of Höegh LNG Partners
LP to enter into and perform the Höegh Performance Guarantee and the enforceability of the Höegh Performance Guarantee
issued by Höegh LNG Partners Ltd; and

 

		(iv)	no amount is due and payable to Lessee by Owner under this
Agreement or to Customer by Contractor under the FSRU Operation and Services Agreement or by Höegh LNG Holdings Ltd under
the Höegh Performance Guarantee,

 

then Lessee shall
release the Höegh Performance Guarantee issued to it by Höegh LNG Holdings Ltd without prejudice to Höegh LNG Holdings
Ltd’s continuing liability under the Höegh Performance Guarantee in respect of any breach of this Agreement or the FSRU
Operation and Services Agreement, where such liability may have arisen before the date of such release, provided that Höegh
LNG Partners LP shall be liable under the Höegh Performance Guarantee for any breach of this Agreement or the FSRU Operation
and Services Agreement that may arise on or after the date of such release, or for any liability that may arise on or after the
date of such release, from any breach of this Agreement or the FSRU Operation and Services Agreement committed before the date
of the release.

 

		12.13	Lessee Cash Waterfall

 

    	 	38	 

     

    

  

Prior to the Delivery Due Date, Lessee
shall implement a trust fund appointing a trustee to administer the funds being paid by the Thermal Generators to Lessee for services
provided under the TUAs (the "Lessee Trust Fund"). The Lessee Trust Fund will include an irrevocable instruction
for the trustee to pay any amounts which become due for payment under this Agreement by Lessee to Owner and under the FSRU Operation
and Services Agreement by Customer to Contractor directly to Owner and/or Contractor (as applicable) on first priority basis on
receipt by the trustee of the relevant invoice under this Agreement and/or the FSRU Operation and Services Agreement, in accordance
with the terms of this Agreement and the FSRU Operation and Services Agreement.

 

A similar arrangement will exist
at a higher level between the Thermal Generators and a trustee for taking care of the cash waterfall towards Lessee.

 

Any payment received from the trustee
by Owner or by Contractor shall discharge the corresponding obligation of:

 

		(a)	Lessee under this Agreement to make such payment to Owner;
and

 

		(b)	Customer under the FSRU Operation and Services Agreement to make such payment to Contractor.

 

		13.	OFF-HIRE

 

		13.1	Off-Hire Events

 

		(a)	Except for: (A) maintenance carried out within the Annual
Maintenance Allowance; or (B) if due to any Event of Force Majeure (which shall be addressed in accordance with Clause 19); or
(C) any ILA Excusable Event; or (D) any Service Excusable Event; or (E) as otherwise expressly set out in this Agreement, the
Vessel shall be considered to be off-hire ("Off-Hire") if:

 

		(i)	for any reason (limited to the aspects governed by this
Agreement) the Vessel fails to discharge regasified LNG at a minimum rate of eighty million Standard Cubic Feet per day (80 MMscf/day)
when such discharge has been duly nominated by Customer; or

 

		(ii)	for any reason (limited to the aspects governed by this
Agreement) the Vessel would not be able to discharge regasified LNG at a minimum rate of eighty million Standard Cubic Feet per
day (80 MMscf/day) if Customer were to nominate; or

 

		(iii)	for any reason the Vessel ceases to be at Lessee's disposal
at any time during the Term, including in the circumstances set out in Clause 10.1; or

 

		(iv)	performance of the Parties' obligations under this Agreement
is suspended pursuant to Clause 33.2(b)(ii) and Owner is the Non-Compliant Party.

 

    	 	39	 

     

    

 

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

 

		(b)	In addition, the Vessel shall be deemed to be Off-Hire
under this Agreement during all periods when the Vessel is off-hire under the terms of clause 10.1(a) of the FSRU Operation and
Services Agreement.

 

		13.2	In the event that the Vessel is Off-Hire, then Hire shall
not be payable by Lessee for any time lost until:

 

		(a)	the Vessel once again is able to discharge regasified LNG
at a minimum rate of eighty million Standard Cubic Feet per day (80 MMscf/day) when such discharge has been duly nominated by
Customer or the Vessel would be able to discharge regasified LNG at a minimum rate of eighty million Standard Cubic Feet per day
(80 MMscf/day) if Customer were to nominate and provide sufficient LNG;

 

		(b)	the Vessel is once again at Lessee's disposal;

 

		(c)	where Owner and not Lessee has been the Non-Compliant Party,
the Parties are able to resume performance of this Agreement pursuant to Clause 33.2(b)(iv);

 

		(d)	the Vessel is no longer considered to be off-hire under
the terms of clause 10.1(a) of the FSRU Operation and Services Agreement; and

 

		(e)	in the event that the Vessel is Off-Hire as a result of
a governmental order due to a violation by Owner, Contractor or the Vessel of applicable environmental or other norms and regulations,
the Vessel is again in compliance with such norms and regulations.

 

		13.3	For the avoidance of doubt, if Hire is not payable pursuant
to Clauses 13.1 and 13.2, this shall (save for Clauses 13.4 and 20) be the sole and exclusive remedy under this Agreement of Lessee
in respect of any event described in Clause 13.1.

 

		13.4	Termination for Prolonged Off-Hire

 

In the event that the Vessel is Off-Hire
for any period exceeding either (a) ***** consecutive days; or (b) ***** days over a period of ***** consecutive months ("Prolonged
Off-Hire"), Lessee shall have the right, but not the obligation, to terminate this Agreement by giving notice in writing
to Owner in accordance with Clause 20.2. Such right of termination shall be without prejudice to any other rights and remedies
under this Agreement. Any time spent Off-Hire under Clause 10.1 or clause 7 of the FSRU Operation and Services Agreement should
not count towards Prolonged Off-Hire under this Clause 13.4.

 

		14.	LOSS OF VESSEL

 

Should the Vessel:

 

		(a)	become a total loss, Hire shall cease to be payable and
this Agreement shall terminate at the time and on the day of her loss; or

 

    	 	40	 

     

    

 

		(b)	be declared as a constructive or compromised or arranged
total loss, Hire shall cease to be payable and this Agreement shall terminate at the time and on the day on which the Vessel's
underwriters agree that the Vessel is a constructive or compromised or arranged total loss, or if such agreement with the Vessel's
underwriters is not reached, the day on which it is adjudged by a competent tribunal or court that a constructive or compromised
or arranged total loss of the Vessel has occurred; or

 

		(c)	be missing, Hire shall cease to be payable and this Agreement
shall terminate at the time and on the day on which she was last heard of.

 

		15.	MAINTENANCE AND REPAIRS

 

This Agreement does not comprise
the maintenance and repair of the Vessel. However, Owner shall provide and pay for under this Agreement all spare parts necessary
for the continuous operation of the Vessel. Any such spare parts provided and paid for by Owner shall be imported by Lessee. The
Parties shall cooperate and endeavour to find a form of cooperation that ensures a time and cost efficient administration of the
process of importation of spare parts that minimises the likelihood of causing delays to the importation of any spare parts.

 

		16.	LAYING-UP

 

Lessee shall have the option of laying-up
the Vessel for all or any portion of the Term as provided in the FSRU Operation and Services Agreement, in which case Hire shall
continue to be paid.

 

		17.	CHANGE OF FLAG OR OWNERSHIP

 

Owner shall have the right to change
the Flag State and/or ownership of the Vessel subject to the prior written consent of Lessee, which shall not be unreasonably withheld,
delayed or conditioned. All costs and expenses related to a change of the Flag State of the Vessel requested by Owner shall be
for the sole account of Owner. Any transfer of the ownership of the Vessel by Owner shall be subject to the new owner assuming
all of the rights and obligations of Owner under this Agreement on terms and conditions acceptable to Lessee. Any change in the
ownership of the Vessel under this Clause 17 shall not affect the obligations of Contractor under the FSRU Operation and Services
Agreement, which obligations shall remain effective upon such transfer. Subject to the prior written consent of the Approved Mortgagee,
Owner shall use all reasonable endeavours to change the Flag State of the Vessel at the request of Lessee upon a showing that such
change would bring economic benefits to Lessee or the Parties, provided that the change of Flag State will not have an adverse
effect on Owner. All costs and expenses related to a change of Flag State of the Vessel requested by Lessee shall be for the sole
account of Lessee.

 

		18.	BUSINESS PRINCIPLES

 

		18.1	Compliance with Law

 

Each Party agrees to comply with
all Laws and all decrees, ordinances, directives and lawful regulations of any Governmental Authority in connection with this Agreement

 

 

    	 	41	 

     

    

 

or applicable to any activities carried
out by a Party under this Agreement.

 

		18.2	Proper Practice

 

		(a)	Neither Party shall pay any fee, commission, rebate or
anything of value to or for the benefit of any employee of the other Party, nor will either Party do business with any company
knowing the results might directly benefit an employee of the other Party. Each Party shall use due diligence not to permit any
of the other Party's employees, servants, agents or representatives to engage in any activities contrary or detrimental to the
best interests of the other Party.

 

		(b)	The Parties mutually agree that, in connection with this
Agreement and the activities contemplated herein, neither of them nor any of their respective employees, authorized agents, representatives
or Affiliates will take action, or omit to take any action, that would cause the other Party to be in violation of any Law related
to the other Party's business practices.

 

		(c)	The Parties agree that all invoices rendered by each to
the other Party as provided for in this Agreement shall, in reasonable detail, accurately and fairly reflect the facts about all
activities and transactions which are the subject of the invoice.

 

		(d)	Notwithstanding the generality of the foregoing, each Party
represents and warrants that neither it nor any of its officer, director, employee, authorized agent or representative thereof
has made prior to the date hereof, and covenants that neither it nor any of its officer, director, employee, authorized agent
or representative thereof will make or cause to be made any payment, loan, or gift of any money or anything of value, directly
or indirectly:

 

		(i)	to or for the benefit of any official or employee of any
Governmental Authority thereof; or

 

		(ii)	to any other Person or entity,

 

			where such payment, loan, or gift of any money or anything of value is intended to influence a
decision in favour of a Party in a manner that is inconsistent with the principles set forth in this Clause 18.

 

		18.3	Ethical Policy

 

Lessee and Owner may each from time
to time advise the other Party of any ethical or business practices policy which apply to the relevant Party and the other Party
shall use reasonable endeavours to adhere to such policy, provided it does not affect the safe or reliable operation of the Vessel
or give rise to the other Party incurring any unreasonable cost.

 

		19.	FORCE MAJEURE

 

		19.1	Force Majeure

 

Subject to Clause
19.2, whether expressly provided or not in this Agreement, a Party (the "Affected Party") shall not be responsible
for (i) any failure to perform any of its

 

    	 	42	 

     

    

 

obligations or
undertakings under this Agreement (excluding any obligation to make a payment under the terms of this Agreement, unless such failure
is due to an Event of Force Majeure affecting one or more of the banks to or from which such payment is to be made, and it is not
possible, using reasonable endeavours for the Affected Party to make payment by alternative arrangements) or (ii) for any loss
or damage or delay arising from a failure, delay or omission in performing its obligations hereunder, due to or arising or resulting
from an Event of Force Majeure. An "Event of Force Majeure" means any of the following events to the extent that
such event (i) is beyond the reasonable control of the Affected Party (or any member of the Höegh LNG Group where Owner is
the Affected Party or any Affiliate of Lessee where Lessee is the Affected Party) to avoid, prevent or overcome and (ii) does not
result from the fault or negligence of, or the failure to avoid or overcome by the exercise of reasonable diligence by, the Affected
Party (or any member of the Höegh LNG Group where Owner is the Affected Party or any Affiliate of Lessee where Lessee is the
Affected Party), and (iii) prevents, hinders or delays the Affected Party from performing its obligations under this Agreement:

 

		(a)	fire, explosion, atmospheric disturbance, lightning, earthquake,
tidal wave, tsunami, tsunami warning, typhoon, tornado, hurricane or named storms, flood, landslide, soil erosion, subsidence,
washout, perils of the sea or other acts of God;

 

		(b)	war (whether declared or undeclared), blockade, civil war,
act of terrorism, invasion, revolution, insurrection, acts of public enemies, mobilization, civil commotion, riots, sabotage or
assailing thieves;

 

		(c)	(except in the circumstances set out in Clause 33.2(b)(ii))
acts of princes or rulers or acts of any Governmental Authority, or compliance with such acts, that directly affect the Affected
Party's ability to perform its obligations hereunder;

 

		(d)	plague or other epidemics or quarantines;

 

		(e)	strike, lockout or industrial disturbance at the FSRU Site
(except for local labour disputes); or

 

		(f)	chemical or radioactive contamination or ionizing radiation.

 

		19.2	Events Not Force Majeure

 

The following events
and circumstances shall not constitute an Event of Force Majeure:

 

    	 	43	 

     

    

  

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

 

		(a)	a Party's inability to finance its obligations under this
Agreement or the unavailability of funds to pay amounts when due in the currency of payment;

 

		(b)	the withdrawal, denial or expiration of or failure to obtain
any approval, permit, license or consent of any Governmental Authority caused by: (i) actions, including a violation of or breach
of the terms and conditions of any existing approval, permit, license or consent or other requirement of applicable Law; or (ii)
the failure to apply for or follow the necessary procedures to obtain any approval, permit, license or consent or request, acquire
or take all commercially reasonable actions to obtain the maintenance, renewal or reissuance of the same, in each case of or by
the Affected Party (or any member of the Höegh LNG Group where Owner is the Affected Party or any Affiliate of Lessee where
Lessee is the Affected Party);

 

		(c)	changes in a Party's market factors, default of payment
obligations or other commercial, financial or economic conditions;

 

		(d)	the breakdown or failure of machinery; and

 

		(e)	any default or failure to perform by the Builder under
the Shipbuilding Contract for any reason.

 

		19.3	Notice, Resumption of Normal Performance

 

As soon as possible upon the occurrence
of an event that a Party considers may result in an Event of Force Majeure, and in any event within ***** calendar days from the
date of the occurrence of an Event of Force Majeure, the Affected Party shall give notice thereof to the other Party describing
in reasonable detail:

 

		(a)	the event giving rise to the potential or actual Event
of Force Majeure claim, including but not limited to the place and time such event occurred;

 

		(b)	to the extent known or ascertainable, the obligations which
may be or have actually been delayed or prevented in performance and the estimated period during which such performance may be
suspended or reduced, including the estimated extent of such reduction in performance; and

 

		(c)	the particulars of the program to be implemented to ensure
full resumption of normal performance hereunder.

 

Such notices shall thereafter be
supplemented and updated at daily intervals during the period of such claimed Event of Force Majeure specifying the actions being
taken to remedy the circumstances causing such Event of Force Majeure and the date on which such Event of Force Majeure and its
effects end. The Affected Party shall use reasonable endeavours to mitigate the effects of such Event of Force Majeure and to resume
normal performance under this Agreement as soon as reasonable practicable.

 

		19.4	Examination

 

    	 	44	 

     

    

 

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

 

		(a)	The Affected Party shall, at the request of the other Party,
give or procure access if they are able so to do (at the expense and risk of the other Party) at all reasonable times for a reasonable
number of representatives of such Party to examine the scene of the event and the facilities affected which gave rise to the Event
of Force Majeure claim.

 

		(b)	In case of an Event of Force Majeure, the Affected Party
shall take all measures reasonable in the circumstances to overcome or rectify the Event of Force Majeure and its consequences
and resume normal performance of this Agreement as soon as reasonably possible once the Event of Force Majeure has passed or been
remedied; provided, however, that the settlement of any strike, lockout or industrial disturbance shall be in the sole discretion
of such Party. To the extent that the Affected Party fails to use reasonable endeavours to overcome or mitigate the effects of
an Event of Force Majeure, it shall not be excused for any delay or failure in performance that would have been avoided by using
such reasonable endeavours.

 

		19.5	Termination for Event of Force Majeure

 

If one or more
Events of Force Majeure prevents or delays the Affected Party from performing any of its obligations or undertakings under this
Agreement for a period of ***** months or more over a period of ***** consecutive months, or for a period of ***** months or more
over a period of ***** consecutive months, then either Party shall have the right to terminate this Agreement by giving ***** days'
prior notice in writing to the other Party without liability for either of the Parties, provided that:

 

		(a)	if during the first ***** consecutive days of an Event of Force Majeure affecting Owner, Owner
has failed to diligently attempt to overcome the effects of the event, Lessee shall have the right to terminate this Agreement
without liability for either of the Parties at the expiry of the ***** day period; and

 

		(b)	if Lessee elects to continue to pay Hire pursuant to Clause 19.6(b), Owner shall not have the right
to terminate this Agreement pursuant to this Clause 19.5 for so long as Lessee continues to pay such Hire. If Lessee elects to
cease to pay Hire, any termination of this Agreement shall be pursuant to this Clause 19.5. In such case, Lessee shall give Owner
***** days’ notice of such cessation during which time Hire shall continue to be payable and Owner shall be entitled to terminate
this Agreement pursuant to this Clause 19.5 with immediate effect from the end of such ***** day period.

 

		19.6	Vessel Remains on Hire

 

		(a)	During the continuance of any Event of Force Majeure, save
where such Event of Force Majeure is: (i) affecting the Vessel and (ii) covered by Owner's insurance (or would have been so covered
had Owner been in full compliance with its obligations to maintain insurance in accordance with Clause 23), the Vessel shall remain
on Hire except during any day (or part thereof) during which the Vessel would otherwise be Off-Hire for any other reason during
such

 

    	 	45	 

     

    

 

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

 

period or any
parts thereof. During the continuance of any Event of Force Majeure affecting the Vessel where such Event of Force Majeure is covered
by Owner's insurance (or would have been so covered had Owner been in full compliance with its obligations to maintain insurance
in accordance with Clause 23), the Vessel shall be Off-Hire.

 

		(b)	Notwithstanding the foregoing, unless Lessee elects otherwise,
in case of one or more Events of Force Majeure Lessee's liability for the payment of Hire shall be limited to a period of up to
***** months over a period of ***** consecutive months and up to ***** months over a period of ***** consecutive months.

 

		20.	DEFAULT, REMEDIES AND RIGHTS OF TERMINATION

 

		20.1	Lessee's Default

 

		(a)	Owner shall be entitled to withdraw the Vessel from the
service of Lessee and terminate this Agreement by written notice to Lessee with immediate effect upon Lessee's receipt of Owner's
notice in the event that:

 

		(i)	subject to Clause 12.5, Lessee fails to pay Hire on or
before the Hire Invoice Due Date on ***** or more separate occasions within any ***** consecutive month period, provided that
Owner exercises such right to terminate within ***** days of the third such event occurring in such ***** consecutive month period;

 

		(ii)	Lessee is in material breach of its obligations under this
Agreement (other than those obligations referred to in the other provisions of this Clause 20.1(a)), and, if capable of cure,
Lessee has failed to cure such breach, or has failed to take steps to cure such breach, within ***** days after having been given
written notice thereof by Owner;

 

		(iii)	Lessee suspends payment of its debts or is unable to pay
its debts or is otherwise insolvent;

 

		(iv)	Lessee passes a resolution, commences proceedings, or has
proceedings commenced against it, in the nature of bankruptcy or reorganization resulting from insolvency, liquidation or the
appointment of a receiver, trustee in bankruptcy or liquidator of its undertakings or assets;

 

		(v)	Lessee enters into any composition or scheme or general
arrangement with its creditor in circumstances where Clauses 20.1(a)(iii) and 20.1(a)(iv) apply;

 

		(vi)	Lessee makes an assignment, transfer or novation prohibited
by this Agreement;

 

		(vii)	Lessee fails to deliver the Lessee Performance Security
by the date specified in Clause 12.11(a) or if the Lessee Performance Security

 

    	 	46	 

     

    

 

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

 

ceases
to be in full force and effect and Lessee fails to replace such Lessee Performance Security within ***** Banking Days of such event
occurring, or Lessee fails to procure the replenishment or re-issue of the Lessee Performance Security within ***** Banking Days
of a claim thereunder as required under Clause 12.11(c);

 

		(viii)	Lessee fails to deliver the Pre-VAD Lessee LOC by the date
specified in Clause 12.10(a), or if the Pre-VAD Lessee LOC ceases to be in full force and effect and Lessee fails to replace such
Pre-VAD Lessee LOC within ***** Banking Days of such event occurring, or Lessee fails to procure the replenishment or re-issue
of the Pre-VAD Lessee LOC within ***** Banking Days of a claim thereunder as required under Clause 12.10(c), provided that in
any case, Owner is not in breach of its obligations to pay the costs of the Pre-VAD Lessee LOC, as specified under Clause 12.10(a);

 

		(ix)	the bank or financial institution that issues either the
Lessee LOC or the Pre-VAD Lessee LOC ceases to meet the Minimum Credit Requirements, provided that Lessee shall have ***** Banking
Days to procure a new Lessee LOC or a new Pre-VAD Lessee LOC (provided Owner is not in breach of its obligations to pay the costs
of the Pre-VAD Lessee LOC, as specified under Clause 12.10(a)) (as the case may be) from a bank or financial institution that
meets the Minimum Credit Requirements (or, in the case of the Lessee LOC, provide alternative Lessee Performance Security up to
the Lessee Performance Security Value); or

 

		(x)	Lessee fails to comply with the business principles set
forth in Clause 18,

 

provided that any such notice may
only be served after any specified cure period has expired.

 

		(b)	If an Event of Customer's Default occurs under the FSRU
Operation and Services Agreement and Contractor exercises its right to terminate the FSRU Operation and Services Agreement as
provided therein, and no other operation and services provider, which is in all ways suitable to perform the FSRU Services and
acceptable to Lessee, Owner and the Approved Mortgagee (in each case in their sole discretion), is available to perform the FSRU
Services following such termination, then this Agreement shall be deemed terminated pursuant to this Clause 20.1 at the time of
termination of the FSRU Operation and Services Agreement.

 

		(c)	Lessee shall be entitled to terminate this Agreement by
written notice to Owner with immediate effect upon Owner's receipt of Lessee's notice in the event that one or more of the TUAs
is terminated.

 

    	 	47	 

     

    

 

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

 

		20.2	Owner's Default

 

		(a)	Lessee shall be entitled to terminate this Agreement by written notice to Owner with immediate
effect upon Owner's receipt of Lessee's notice in the event that:

 

		(i)	there is any change in the legal or disponent ownership of the Vessel other than as permitted under
this Agreement;

 

		(ii)	the Classification Society suspends or removes the Vessel's class and, if capable of cure, Owner
has failed to exercise due diligence to cure such default within ***** days of such event occurring;

 

		(iii)	the Vessel ceases to be registered under the laws of the Registry (or such other country where
it has otherwise been registered by mutual agreement of the Parties) and such default is not cured within ***** days of such event
occurring;

 

		(iv)	except as expressly permitted under this Agreement, and other than a Permitted Encumbrance, Owner
has placed or permitted to exist an Encumbrance on or over the Vessel, this Agreement or the FSRU Operation and Services Agreement
and has failed to remove such Encumbrance within ***** days of being requested to do so by Lessee;

 

		(v)	the Vessel is arrested, other than as a result of acts, deeds or omission of or otherwise attributable
to Lessee or Customer or any of their respective Affiliates, contractors, servants and subcontractors, and is not released for
any reason from such arrest within ***** days after being arrested, provided that only days when the Vessel is Off-Hire in accordance
with Clause 13 by reason of such arrest shall be counted;

 

		(vi)	Owner fails to maintain any of the insurances it is obliged to maintain pursuant to Clause 23 and,
if capable of cure, it has failed to cure such default within ***** days after becoming aware thereof;

 

		(vii)	Owner is in material breach of any term or provision of this Agreement (other than those expressly
mentioned in the other provisions of this Clause 20.2(a)) and, if capable of cure, Owner has failed to cure such breach within
***** days after receipt of notice of such breach from Lessee;

 

		(viii)	an event of Prolonged Off-Hire occurs in accordance with, and subject to, the provisions of Clause
13.4;

 

		(ix)	Owner makes an assignment, transfer or novation prohibited by this Agreement;

 

		(x)	Owner or Höegh Performance Guarantor suspends payment of its debts or is unable to pay its
debts or is otherwise insolvent;

 

    	 	48	 

     

    

 

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

 

		(xi)	Owner or Höegh Performance Guarantor passes a resolution, commences proceedings, or has proceedings
commenced against it, in the nature of bankruptcy or reorganization resulting from insolvency, liquidation or the appointment of
a receiver, trustee in bankruptcy or liquidator of its undertakings or assets;

 

		(xii)	Owner or Höegh Performance Guarantor enters into any composition or scheme or general arrangement
with its creditor in circumstances where Clauses 20.2(a)(x) and 20.2(a)(xi) apply;

 

		(xiii)	Owner fails to deliver to Lessee the Höegh Performance Guarantee on the date specified in
Clause 12.12(a);

 

		(xiv)	the Höegh Performance Guarantor is in material breach of the Höegh Performance Guarantee
and, if capable of cure, Höegh Performance Guarantor has failed to cure such breach, or has failed to take steps to cure such
breach, within ***** days after having been given written notice thereof by Lessee;

 

		(xv)	the Höegh Performance Guarantee ceases to be in full force and effect (except in the case
of the Höegh Performance Guarantee issued by Höegh LNG Holdings Ltd, to the extent that such Höegh Performance Guarantee
is released in accordance with Clause 12.12(c));

 

		(xvi)	the Höegh Performance Guarantor fails to meet the HPG Credit Tests and such failure is not
remedied within ***** days;

 

		(xvii)	Owner or Höegh Performance Guarantor fails to pay any amount due under this Agreement within
***** days after having been given written notice thereof by Lessee;

 

		(xviii)	Lessee's right to terminate this Agreement has arisen in accordance with, and subject to, the provisions
of Clause 4.7(b)(i); or

 

		(xix)	Owner fails to comply with the business principles set forth in Clause 18,

 

provided that any such notice
may only be served after any specified cure period has expired.

 

		(b)	If an Event of Contractor's Default occurs under the FSRU Operation and Services Agreement and
Customer exercises its right to terminate the FSRU Operation and Services Agreement as provided therein, and no other operation
and services provider, which is in all ways suitable to perform the FSRU Services and acceptable to Lessee, Owner and the Approved
Mortgagee (in each case in their sole discretion), is available to perform the FSRU Services following such termination, then this
Agreement shall be deemed terminated

 

    	 	49	 

     

    

 

pursuant to this
Clause 20.2 at the time of termination of the FSRU Operation and Services Agreement.

 

		20.3	Other Termination Rights

 

		(a)	If the FSRU Operation and Services Agreement terminates or is terminated for any reason other than
an Event of Customer's Default or an Event of Contractor's Default as referenced in Clauses 20.1(b) and 20.2(b), and no other operation
and services provider, which is in all ways suitable to perform the FSRU Services and acceptable to Lessee, Owner and the Approved
Mortgagee (in each case in their sole discretion), is available to perform the FSRU Services following such termination, then this
Agreement shall be deemed terminated pursuant to this Clause 20.3(a) at the time of termination of the FSRU Operation and Services
Agreement.

 

		(b)	Lessee shall have the right to terminate this Agreement with immediate effect by written notice
to the other Party in the circumstances set out in Clause 2.3(b).

 

		(c)	Either Party shall have the right to terminate this Agreement with immediate effect by written
notice to the other Party in the circumstances set out in Clause 2.3(c).

 

		(d)	Owner shall have the right to terminate this Agreement with immediate effect by written notice
to Lessee pursuant to Clause 4.7(f), if Lessee has failed to pay to Owner the amounts specified in Clause 4.7(g).

 

		(e)	Lessee shall have the right to terminate this Agreement with immediate effect by written notice
to Owner pursuant to Clause 4.7(f).

 

		(f)	Either Party shall have the right to terminate this Agreement in the circumstances set out in Clause
19.5.

 

		(g)	This Agreement shall terminate automatically in the circumstances set out in Clause 14.

 

		(h)	Either Party shall have the right to terminate this Agreement in accordance with, and subject to,
the provisions of Clause 33.2.

 

		(i)	If either Party serves a notice pursuant to Clause 3.3(a), this Agreement shall terminate on the
First Early Termination Date.

 

		(j)	If either Party serves a notice pursuant to Clause 3.3(b), this Agreement shall terminate on the
Second Early Termination Date.

 

		20.4	Without Prejudice

 

On termination of this Agreement
prior to the expiry of the Term pursuant to this Clause 20, this Agreement shall cease to have any force and effect and the Parties
shall cease to have any rights or obligations under this Agreement, save that:

 

    	 	50	 

     

    

 

		(a)	the termination of this Agreement shall be without prejudice to any rights, obligations, and remedies
arising out of or concerning this Agreement that have vested, matured, or accrued to any Party before the date of the termination;

 

		(b)	the provisions of Clause 32 shall survive the termination of this Agreement for the period specified
in Clause 32 (together with any other provisions of this Agreement that are necessary for the interpretation and enforcement of
the Parties' rights and obligations under such Clause); and

 

		(c)	the provisions of Clauses 20.5 and 26 shall survive the termination of this Agreement until all
amounts payable under Clause 20.5 have been paid in full (together with any other provisions of this Agreement that are necessary
for the interpretation and enforcement of the Parties' rights and obligations under such Clause, including without limitation the
provisions of Clauses 22 and 26).

 

		20.5	Consequences of Termination

 

		(a)	If this Agreement is terminated by Owner pursuant to Clause 20.1(a), is deemed terminated pursuant
to Clause 20.1(b) or is terminated by Lessee pursuant to Clause 20.1(c) or where this Clause 20.5(a) applies pursuant to Clause
20.5(e)(i) or Clause 20.5(e)(iii) (subject to the terms thereof), Clause 20.5(f)(ii) or clause 22.5(a) of the FSRU Operation and
Services Agreement, Lessee shall pay to Owner the aggregate of:

 

		(i)	subject to Clause 26.2, an amount in damages in respect of any losses that Owner may incur as a
result of the termination of this Agreement, including but not limited to:

 

		(A)	any loss of anticipated profit or revenue of Owner (taking into account issues such as Owner's
ability to re-market the Vessel for other projects or employment within a reasonable period of time based on market conditions
and the availability of vessels at the relevant time (and the commercial, technical and political risks associated with any such
other projects or employment), the likely hire which Owner would be able to earn if the Vessel were to be redeployed within such
reasonable period of time); and

 

		(B)	any costs incurred by Owner and/or its Affiliates in re-marketing the Vessel for further employment;

 

		(ii)	if Lessee has exercised the Hard Arms Optional Change and as at the date of termination Lessee
has not paid the Hard Arms Optional Change Amount in full, an amount equal to the Hard Arms Optional Change Amount minus the aggregate
amount of Daily Hard Arms Reimbursement which has been paid by Lessee to Owner as at the date of termination of this Agreement
pursuant to Clause 11.1(d)(i) (such amount being the "Hard Arms Optional Change Settlement Amount");

 

    	 	51	 

     

    

 

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

 

		(iii)	if Lessee has exercised the MSO Optional Change and as at the date of termination Lessee has not
paid the MSO Optional Change Amount in full, an amount equal to:

 

		(A)	the MSO Optional Change Amount; minus

 

		(B)	the aggregate amount of Daily MSO Reimbursement which has been paid by Lessee to Owner as at the
date of termination of this Agreement pursuant to Clause 11.1(d)(ii) excluding the portions of such Daily MSO Reimbursement corresponding
to interest payments paid as at the date of termination (which interest payments shall be calculated on a daily basis and assuming
a daily interest rate equivalent to a rate of ***** per cent (*****%) per annum on the outstanding MSO Optional Change Amount),

 

(such amount
being the "MSO Optional Change Settlement Amount");

 

		(iv)	if Lessee has become liable to pay Standby Hire and as at the date of termination Lessee has not
paid the Standby Hire in full, an amount equal to:

 

		(A)	any Standby Hire accrued pursuant to Clause 4.5(c); minus

 

		(B)	the aggregate amount of Daily Standby Rate Reimbursement which has been paid to Owner as at the
date of termination of this Agreement pursuant to Clause 11.1(e) excluding the portions of such Daily Standby Rate Reimbursement
paid as at the date of termination of this Agreement corresponding to interest payments pursuant to Clause 11.1(e),

 

(such amount
being the "Standby Hire Settlement Amount");

 

		(v)	if Lessee has become liable to pay Accrued Hire and as at the date of termination Lessee has not
paid the Accrued Hire in full, an amount equal to:

 

		(A)	any Accrued Hire arising pursuant to Clause 4.7(d); minus

 

		(B)	the aggregate amount of Daily Accrued Hire Reimbursement which has been paid by Lessee to Owner
as at the date of termination of this Agreement pursuant to Clause 11.1(f) excluding the portions of such Daily Accrued Hire Reimbursement
paid as at the date of termination of this Agreement corresponding to interest payments pursuant to Clause 11.1(f),

 

    	 	52	 

     

    

 

(such amount
being the "Accrued Hire Settlement Amount"); and

 

		(vi)	if Lessee has become liable to reimburse Owner for the Pre-VAD Lessee LOC Costs and as at the date
of termination Lessee has not paid the Pre-VAD Lessee LOC Costs in full, an amount equal to:

 

		(A)	the Pre-VAD Lessee LOC Costs; minus

 

		(B)	the aggregate amount of Daily Pre-VAD LOC Reimbursement which has been paid by Lessee to Owner
as at the date of termination of this Agreement pursuant to Clause 11.1(g) excluding the portions of such Daily Pre-VAD LOC Reimbursement
paid as at the date of termination of this Agreement corresponding to interest payments pursuant to Clause 11.1(g),

 

(such amount
being the "Pre-VAD Lessee LOC Settlement Amount").

 

		(b)	If this Agreement is terminated by Lessee pursuant to Clause 20.2(a) or is deemed terminated pursuant
to Clause 20.2(b) or where this Clause 20.5(b) applies pursuant to Clause 20.5(f)(i) or clause 22.5(b) of the FSRU Operation and
Services Agreement:

 

		(i)	subject to Clause 26.2, Owner shall pay to Lessee an amount in damages in respect of any losses
that Lessee may incur as a result of the termination of this Agreement and that Customer may incur as a result of the termination
of the FSRU Operation and Services Agreement, including but not limited to:

 

		(A)	any amounts which Lessee is or becomes liable to pay to a Terminal User under or as a result of
the termination of any one or more of the TUAs; and

 

		(B)	any loss of anticipated profit or revenue of Lessee (taking into account issues such as Lessee's
ability to procure another floating storage and regasification vessel which would be suitable for and capable of being used in
the Project with similar technical characteristics and commercial conditions, based on the market conditions and availability of
such vessels at the relevant time);

 

		(ii)	unless this Agreement has been terminated pursuant to Clauses 4.7(b)(i) and 20.2(a)(xviii) or Clause
20.3(g), if Lessee has exercised the Hard Arms Optional Change and as at the date of termination Lessee has not paid the Hard Arms
Optional Change Amount in full, Lessee shall pay to Owner an amount equal to the Hard Arms Optional Change Settlement Amount;

 

		(iii)	unless this Agreement has been terminated pursuant to Clauses 4.7(b)(i) and 20.2(a)(xviii) or Clause
20.3(g), if Lessee has exercised the MSO Optional Change and as at the date of termination Lessee has not paid 

 

    	 	53	 

     

    

 

			the MSO Optional Change Amount in full, Lessee shall pay
to Owner an amount equal to the MSO Optional Change Settlement Amount;

 

		(iv)	unless this Agreement has been terminated pursuant to Clauses 4.7(b)(i) and 20.2(a)(xviii), if
Lessee has become liable to pay Standby Hire and as at the date of termination Lessee has not paid the Standby Hire in full, Lessee
shall pay to Owner an amount equal to the Standby Hire Settlement Amount;

 

		(v)	unless this Agreement has been terminated pursuant to Clauses 4.7(b)(i) and 20.2(a)(xviii), if
Lessee has become liable to pay Accrued Hire and as at the date of termination Lessee has not paid the Accrued Hire in full, Lessee
shall pay to Owner an amount equal to the Accrued Hire Settlement Amount; and

 

		(vi)	unless this Agreement has been terminated pursuant to Clauses 4.7(b)(i) and 20.2(a)(xviii), if
Lessee has become liable to reimburse Owner for the Pre-VAD Lessee LOC Costs and as at the date of termination Lessee has not paid
the Pre-VAD Lessee LOC Costs in full, Lessee shall pay to Owner an amount equal to the Pre-VAD Lessee LOC Settlement Amount,

 

provided that, without prejudice
to the terms of Clause 26.2, either Party shall be entitled to set off any amounts owed by it to the other Party against any amounts
owed by the other Party to it under this Clause 20.5(b).

 

		(c)	If this Agreement is terminated or is deemed terminated pursuant to Clauses 20.3(b), 20.3(c), 20.3(f),
20.3(h), 20.3(i) or 20.3(j) or where this Clause 20.5(c) applies pursuant to Clauses 20.5(e)(ii) or 20.5(f)(iii) or clause 22.5(c)
of the FSRU Operation and Services Agreement, save as set out in Clause 20.4 and 20.5(d), neither Party shall have any liability
to the other Party, except that:

 

		(i)	unless this Agreement has been terminated pursuant to Clauses 20.3(b), 20.3(c) or 20.3(g), if Lessee
has exercised the Hard Arms Optional Change and as at the date of termination Lessee has not paid the Hard Arms Optional Change
Amount in full, Lessee shall pay to Owner an amount equal to the Hard Arms Optional Change Settlement Amount;

 

		(ii)	unless this Agreement has been terminated pursuant to Clauses 20.3(b), 20.3(c) or 20.3(g), if Lessee
has exercised the MSO Optional Change and as at the date of termination Lessee has not paid the MSO Optional Change Amount in full,
Lessee shall pay to Owner an amount equal to the MSO Optional Change Settlement Amount;

 

		(iii)	if Lessee has become liable to pay Standby Hire and as at the date of termination Lessee has not
paid the Standby Hire in full, Lessee shall pay to Owner an amount equal to the Standby Hire Settlement Amount;

 

		(iv)	if Lessee has become liable to pay Accrued Hire and as at the date of termination Lessee has not
paid the Accrued Hire in full, Lessee shall

 

 

    	 	54	 

     

    

 

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

 

pay to Owner
an amount equal to the Accrued Hire Settlement Amount; and

 

		(v)	if Lessee has become liable to reimburse Owner for the Pre-VAD Lessee LOC Costs and as at the date
of termination Lessee has not paid the Pre-VAD Lessee LOC Costs in full, Lessee shall pay to Owner an amount equal to the Pre-VAD
Lessee LOC Settlement Amount.

 

		(d)	If this Agreement is terminated pursuant to Clause 20.3(b) or 20.3(c), and: (i) Lessee has exercised
MSO Optional Change, Lessee shall pay to Owner the cancellation fee set out in Schedule 2; and/or (ii) Lessee has exercised the
Hard Arms Optional Change, Lessee shall pay to Owner the cancellation fee set out in Schedule 2.

 

		(e)	If this Agreement is terminated pursuant to Clauses 20.3(d) or 20.3(e):

 

		(i)	where Lessee's liability to pay the Deemed Rate in respect of the first ***** days referred to
in Clause 4.7(f) (excluding any days on which Lessee become liable to pay the Deemed Rate due to Adverse Metocean Conditions) is
exclusively due to one or more ILA Excusable Event(s), Clause 20.5(a) shall apply;

 

		(ii)	where Lessee's liability to pay the Deemed Rate in respect of the first ***** days referred to
in Clause 4.7(f) (but excluding any days on which Lessee become liable to pay the Deemed Rate due to Adverse Metocean Conditions)
is exclusively due to one or more Event(s) of Force Majeure, Clause 20.5(c) shall apply; or

 

		(iii)	where Lessee's liability to pay the Deemed Rate in respect of the first ***** days referred to
in Clause 4.7(f) (but excluding any days on which Lessee become liable to pay the Deemed Rate due to Adverse Metocean Conditions)
is partially due to one or more ILA Excusable Event(s) and partially due to one or more Event(s) of Force Majeure, Clause 20.5(a)
shall apply, save that the amount in damages which Lessee is required to pay to Owner pursuant to Clause 20.5(a)(i) shall be proportionately
reduced in accordance with the following formula:

 

*****

 

Where:

 

***** is the total amount
of damages that Lessee would be required to pay to Owner as a result of the termination of this Agreement pursuant to Clause 20.5(a)(i)
and subject to Clause 26.2; and

 

***** is the number of days
in the first ***** days referred to in Clause 4.7(f) (but excluding any days on which Lessee become liable to pay the Deemed Rate
due to Adverse Metocean Conditions) in respect of which

 

    	 	55	 

     

    

 

Lessee was required to pay
the Deemed Rate due to one or more ILA Excusable Event(s).

 

		(f)	If this Agreement terminates pursuant to Clause 20.3(g):

 

		(i)	where the loss of the Vessel was caused by the act or omission or negligence of Owner or Contractor
or any of their respective Affiliates, contractors, servants and subcontractors, Clause 20.5(b) shall apply;

 

		(ii)	where the loss of the Vessel was caused by the act or omission or negligence of Lessee or Customer
or any of their respective Affiliates, contractors, servants and subcontractors (but excluding for the avoidance of doubt any Shuttle
Tanker), Clause 20.5(a) shall apply;

 

		(iii)	where the loss of the Vessel occurs for any other reason, Clause 20.5(c) shall apply.

 

		(g)	Upon termination of this Agreement, Owner shall, as soon as reasonably practical, and in compliance
with safety and other applicable regulations, remove the Vessel from the FSRU Site and Lessee shall provide all necessary cooperation
to facilitate such removal, provided that if this Agreement is terminated pursuant to Clause 20.2(a) or deemed terminated pursuant
to Clause 20.2(b), Lessee shall not be liable for any costs or expenses associated with the removal or export of the Vessel.

 

		21.	REPRESENTATIONS AND WARRANTIES

 

		21.1	Lessee's Representations and Warranties

 

Lessee represents and warrants
to Owner that, as at the date of this Agreement:

 

		(a)	it is a legal entity duly organised and in good standing under the laws of its country of organization
and has the corporate power and authority to enter into and perform its obligations under this Agreement and all necessary corporate,
shareholder and other action has been taken to authorize the execution, delivery and performance of its obligations under this
Agreement;

 

		(b)	this Agreement constitutes legal, valid and binding obligations applicable to it and the obligations
are in full force and effect in accordance with their terms, and the delivery and performance by Lessee of this Agreement will
not contravene any Law of any Governmental Authority, having jurisdiction over Lessee;

 

		(c)	it has not taken nor to its knowledge has it omitted to take any actions which would adversely
affect the enforceability of this Agreement against it or the rights of Owner under the terms of this Agreement; and

 

		(d)	this Agreement, its execution, delivery and performance will not conflict with or result in any
breach of any terms of, or constitute a default under, any agreement or other instrument to which Lessee is a party or its property
is bound.

 

    	 	56	 

     

    

 

		21.2	Owner's Representations and Warranties

 

Owner represents and warrants
to Lessee that, as at the date of this Agreement:

 

		(a)	it is a legal entity duly organised and in good standing under the laws of its country of organization
and has the corporate power and authority to enter into and perform its obligations under this Agreement and all necessary corporate,
shareholder and other action has been taken to authorize the execution, delivery and performance of its obligations under this
Agreement;

 

		(b)	this Agreement constitutes legal, valid and binding obligations applicable to it and the obligations
are in full force and effect in accordance with their terms, and the delivery and performance by Owner of this Agreement will not
contravene any Law of any Governmental Authority, having jurisdiction over Owner or the Vessel;

 

		(c)	it has not taken nor to its knowledge has it omitted to take any actions which would adversely
affect the enforceability of this Agreement against it or the rights of Lessee under the terms of this Agreement;

 

		(d)	this Agreement, its execution, delivery and performance will not conflict with or result in any
breach of any terms of, or constitute a default under, any agreement or other instrument to which Owner is a party or its property
or the Vessel is bound; and

 

		(e)	it is not party to any contract or agreement with the Thermal Generators.

 

		22.	INDEMNIFICATION

 

		22.1	Indemnification by Owner

 

Owner shall protect, defend,
indemnify and hold Lessee harmless from and against any and all Damages (whether based on applicable Law, contract, equitable cause
or otherwise) that may be imposed on, incurred by, or asserted against any Lessee Indemnified Party arising out of, attributable
to or in connection with any of the following:

 

		(a)	any damage to or loss of the Vessel and any other of its property, or that of any Owner Indemnified
Party, and personal injury or death (including fatal injury, illness or disease) of its employees or its servants, or those of
any Owner Indemnified Party, regardless of cause or whether or not the negligence, act, omission, default, error or breach by such
Lessee Indemnified Party caused or contributed to such Damages; and

 

		(b)	any and all damage or harm to the environment, including fines imposed by a Governmental Authority,
including Damages for control, removal, remediation, restoration and clean-up of all pollution or contamination, arising from or
on account of pollution or contamination resulting from fire, blowout, cratering, seepage, leakage or any other uncontrolled or
unlawful flow of liquids, Gas, water or other substances, which originates from the Vessel or the property of any Owner Indemnified
Party used in connection with this Agreement, 

 

    	 	57	 

     

    

 

including spills or leaks of fuel, lubricants, oils, pipe dope, paints, solvents,
ballasts, bilge, garbage, sewerage, or from any other equipment or materials in the possession or control of any Owner Indemnified
Party, regardless of fault.

 

		22.2	Indemnification by Lessee

 

Lessee shall protect, defend,
indemnify and hold Owner harmless from and against any and all Damages (whether based on applicable Law, contract, equitable cause
or otherwise) that may be imposed on, incurred by, or asserted against any Owner Indemnified Party arising out of, attributable
to or in connection with any of the following:

 

		(a)	any damage to or loss of the Customer's Topside Facilities, the Jetty and any other of its property,
or that of any Lessee Indemnified Party, and personal injury or death (including fatal injury, illness or disease) of its employees
or its servants, or those of any Lessee Indemnified Party or any person selected by Lessee to attend installation and tests pursuant
to Clauses 4.3, 4.4 or 4.6, regardless of cause or whether or not the negligence, act, omission, default, error or breach by such
Owner Indemnified Party caused or contributed to such Damages; and

 

		(b)	any and all damage or harm to the environment, including fines imposed by a Governmental Authority,
including Damages for control, removal, remediation, restoration and clean-up of all pollution or contamination, arising from or
on account of pollution or contamination resulting from fire, blowout, cratering, seepage, leakage or any other uncontrolled or
unlawful flow of liquids, Gas, water or other substances, which originates from the Customer's Topside Facilities, the Jetty, the
pipeline from the Jetty to the national grid infrastructure or the property of any Lessee Indemnified Party used in connection
with this Agreement, including spills or leaks of fuel, lubricants, oils, pipe dope, paints, solvents, ballasts, bilge, garbage,
sewerage, or from any other equipment or materials in the possession or control of any Lessee Indemnified Party, regardless of
fault.

 

		22.3	Remediation

 

		(a)	Lessee (or any of its Affiliates) shall have the right, but not the obligation, to take any steps
that are reasonably necessary in connection with remediating or cleaning up any damage or harm to the environment attributable
to any Owner Indemnified Party.

 

		(b)	Subject to Clause 22.3(c), to the extent that any Owner Indemnified Party has responsibility under
this Agreement for such damage or harm, Owner shall reimburse Lessee (or its Affiliates) such remediation and/or clean-up costs
and Lessee (and its Affiliates) shall not have any liability with respect to such remediation and/or clean-up actions.

 

		(c)	Owner shall not be obliged to reimburse Lessee or its Affiliates and Lessee (and its Affiliates)
shall not be excused from liability pursuant to Clause 22.3(b) to the extent Lessee's or its Affiliates' actions cause further
damage or harm, unless (subject to Clause 22.3(d)):

 

    	 	58	 

     

    

 

		(i)	Lessee's or its Affiliates' actions have been taken with the prior written consent of Owner;

 

		(ii)	Lessee or its Affiliates are under a legal requirement pursuant to the Laws of Colombia to undertake
such remediation actions; or

 

		(iii)	Lessee's or its Affiliates' actions are conducted in cooperation with Owner's P&I club and
any relevant Governmental Authority.

 

		(d)	Notwithstanding Clause 22.3(c), if Lessee or its Affiliates have acted with Gross Negligence/Wilful
Misconduct in carrying out the actions referred to in Clause 22.3(c)(i)-(iii), Owner shall not be obliged to reimburse Lessee or
any of its Affiliates and Lessee (and its Affiliates) shall not be excused from liability pursuant to Clause 22.3(b) to the extent
Lessee's or its Affiliates' actions cause further damage or harm.

 

		(e)	The performance or non-performance of any such actions by Lessee (or its Affiliates) shall not
relieve Owner of any of Owner's obligations under this Agreement and shall be without prejudice to any other rights or remedies
of any Lessee Indemnified Party under this Agreement or otherwise.

 

		22.4	Third Party Claims

 

		(a)	Each Party (first Party) shall hold harmless and indemnify the other Party (second Party) from
and against any and all Damages (whether based on applicable Law, contract, equitable cause or otherwise) that may be imposed on,
incurred by, or asserted against that second Party (and/or, which may be imposed on the Contractor (where Owner is the second Party)
and/or Customer (where Lessee is the second Party)) in respect of loss or damage to the property and/or personal injury or death
(including fatal injury, illness or disease) of the personnel or servants of any Third Party, to the extent such Damages are caused
by the first Party.

 

		(b)	For the purposes of this Clause 22.4, the Builder shall not be considered a Third Party, but Owner
shall indemnify and hold harmless Lessee from and against any and all Damages (whether based on applicable Law, contract, equitable
cause or otherwise) that may be imposed on, incurred by, or asserted against Lessee in respect of loss or damage to the property
and/or personal injury or death (including fatal injury, illness or disease) of the personnel or servants of the Builder, arising
in connection with the Vessel.

 

		22.5	No Limitation

 

The aggregate payment due by
either Party under this Clause 22 shall be without monetary limitation. The Parties shall procure and maintain, at their own cost,
valid and enforceable insurances at reasonable commercial levels to cover their obligations under Clauses 22.1 and 22.4 (in the
case of Owner) (the "Compulsory Insurances") and Clauses 22.2 and 22.4 (in the case of Lessee).

 

    	 	59	 

     

    

 

		23.	INSURANCE

 

		23.1	Insurance Requirements

 

Owner shall procure and maintain
insurance on the Vessel at Owner's expense in accordance with the requirements set out in Clause 22.5 and Schedule 3 on and from
the Delivery Date to the end of the Term. On or before the Delivery Date, and thereafter on each renewal of such insurances, Owner
shall provide Lessee with a true copy of the insurance certificates, cover notes or certificates of entry, showing that such insurance
cover will be effective on and from the Delivery Date. Subject to Clause 23.6, Lessee and Contractor shall be noted and named as
co-assured under such insurances for their respective rights and interests as they may appear including (for the avoidance of doubt)
P&I, and for Lessee only as per standard protective co-insurance provisions.

 

		23.2	No Subrogation

 

		(a)	No Owner Indemnified Party or insurers under the insurances referred to in Clause 23.1 shall have
any right of recovery or subrogation against any Lessee Indemnified Party on account of any loss or claim for which Owner is required
to indemnify a Lessee Indemnified Party in accordance with Clause 22.1.

 

		(b)	No Lessee Indemnified Party or insurers under the insurances referred to in Clause 22.5 shall have
any right of recovery or subrogation against any Owner Indemnified Party on account of any loss or claim for which Lessee is required
to indemnify an Owner Indemnified Party in accordance with Clause 22.2.

 

		23.3	Total Loss

 

		(a)	Should the Vessel become an actual, constructive, compromised or agreed total loss under the insurances
provided in Clause 23, all insurance payments for such loss shall be paid to Owner, who, subject to Clause 23.6, shall distribute
the moneys between themselves and Lessee according to their respective interests.

 

		(b)	Lessee shall upon the request of Owner, promptly execute such documents as may be required to enable
Owner to abandon the Vessel to the insurers and claim a constructive total loss.

 

		23.4	Reimbursement by Owner

 

If any costs incurred by Lessee
are not indemnifiable in full by Owner under Clause 22.1 of this Agreement but which costs can be recovered under the Compulsory
Insurances, Owner shall make a claim under the Compulsory Insurances on behalf of Lessee, and the amounts recovered shall be paid
by Owner to Lessee immediately following such recovery (less any reasonable legal costs incurred in making such recovery).

 

		23.5	Claims

 

Owner shall diligently pursue
all claims which can be made under the Compulsory Insurances. Owner shall notify Lessee of the amount and the nature of any expected
or actual claims and recoveries.

 

    	 	60	 

     

    

 

		23.6	Lessee's interest in the Vessel

 

It is expressly agreed between
the Parties that until such time as the Purchase Option has been completed, if applicable, and title to the Vessel has been transferred
to the Lessee, the Lessee shall have no interest in the Vessel, or in any insurance payments made in respect of the Vessel, including
without limitation.

 

		24.	NOVATION AND ASSIGNMENT

 

		24.1	Lessee's Right of Novation

 

Save as set out in Clause 24.2,
Lessee may assign, transfer or novate its rights and obligations under this Agreement to any third party with the prior written
consent of Owner, such consent not to be unreasonably withheld, conditioned or delayed. It shall be reasonable for Owner to withhold
or to condition its consent to a proposed assignment, transfer or novation to a proposed transferee inter alia if:

 

		(a)	the creditworthiness of either the third party transferee or, if the third party transferee will
provide a guarantee, the creditworthiness of any guarantor of the obligations of the third party transferee is not reasonably satisfactory
to Owner;

 

		(b)	the third party transferee or any affiliate of the third party transferee is involved in an actual
or threatened legal dispute or arbitration with Owner or any Affiliate of Owner;

 

		(c)	it would be unlawful or contrary to applicable sanctions affecting Owner or any Affiliate of Owner
for Owner to lease the Vessel to the third party transferee;

 

		(d)	the third party transferee is not able to demonstrate to Owner's reasonable satisfaction that it
has the experience required to fulfil the obligations of Lessee under this Agreement; or

 

		(e)	Owner has concerns relating to the transfer of the Purchase Option and/or the sale of the Vessel
to the third party transferee; or

 

		(f)	the third party transferee is a competitor of Owner or of one or more of Owner's Affiliates, in
Owner's reasonable opinion.

 

In the event that Lessee wishes
to assign, transfer or novate this Agreement under this Clause 24.1, and has received the consent of Owner, Owner shall:

 

		(a)	execute a Novation Deed with Lessee and the novatee; and

 

		(b)	do all such other acts and things as may reasonably be required by Lessee to effect the novation.

 

Lessee shall compensate Owner
for any legal or other directly related costs incurred in documenting and executing the Novation Deed to effect a novation under
this Clause 24.1.

 

    	 	61	 

     

    

 

		24.2	Lessee's Right of Assignment

 

Lessee may assign its rights
(but not transfer its obligations) under this Agreement to:

 

		(a)	an Affiliate of Lessee without Owner’s consent, provided that Lessee shall always remain
responsible for due fulfilment of this Agreement notwithstanding such assignment; and/or

 

		(b)	Lessee's lenders under a limited recourse financing, if applicable,

 

provided however that, notwithstanding
the foregoing, Lessee shall not under any circumstances be entitled to assign its rights under Clause 5 to any Person, including
any Affiliate or financier of Lessee unless with Owner's consent, which consent may be given or withheld by Owner at Owner's sole
discretion.

 

		24.3	Owner's Right of Novation

 

Save for any Approved Mortgage,
Owner may assign, transfer or novate its rights and obligations under this Agreement to any third party with the prior written
consent of Lessee, such consent not to be unreasonably withheld, conditioned or delayed. It shall be reasonable for Lessee to withhold
or to condition its consent to a proposed transfer or novation to a proposed transferee inter alia if:

 

		(a)	the creditworthiness of either the third party transferee or, if the third party transferee will
provide a guarantee, the creditworthiness of any guarantor of the obligations of the third party transferee is not reasonably satisfactory
to Lessee;

 

		(b)	the third party transferee or any affiliate of the third party transferee is involved in an actual
or threatened legal dispute or arbitration with Lessee or any Affiliate of Lessee;

 

		(c)	it would be unlawful or contrary to applicable sanctions affecting Lessee or any Affiliate of Lessee
for the third party transferee to lease the Vessel to Lessee; or

 

		(d)	the third party transferee is not able to demonstrate to Lessee's reasonable satisfaction that
it has the experience required to fulfil the obligations of Owner under this Agreement.

 

In the event that Owner wishes
to assign, transfer or novate this Agreement, and has received the consent of Lessee:

 

		(a)	Lessee shall execute a Novation Deed with Owner and the novatee and do all such other acts and
things as may reasonably be required by Owner to effect the novation; and

 

		(b)	Owner shall transfer the title to the Vessel to such novatee.

 

Owner shall compensate Lessee
for any legal or other directly related costs incurred (including taxes) in documenting and executing the Novation Deed to effect
a novation under this Clause 24.3.

 

For the avoidance of doubt, nothing
contained in this Agreement shall operate to prohibit or otherwise restrict any transfer of shares in Owner to Höegh LNG Partners
LP or its Affiliates.

 

    	 	62	 

     

    

 

		24.4	Owner's Right of Assignment

 

Owner may assign its rights (but
not transfer its obligations) under this Agreement to:

 

		(a)	an Affiliate of Owner without Lessee's consent, provided that Owner shall always remain responsible
for due fulfilment of this Agreement notwithstanding such assignment; and/or

 

		(b)	subject to Clause 25.4, the Approved Mortgagee by way of security, provided any claims and encumbrances
arising from such assignment and/or grant of a security interest by Owner shall be subject to the terms of the Approved Mortgagee's
Direct Agreement.

 

		25.	LIENS AND MORTGAGE

 

		25.1	Owner's Liens

 

Subject to Clause 25.4, Owner
shall not have, or allow any third party (claiming through Owner) to have, any Encumbrance on the Vessel, any cargoes, or fuel,
or any sums payable to Lessee or with respect to the sale of regasified LNG discharged by the Vessel, without the prior consent
of Lessee, other than any Permitted Encumbrance.

 

		25.2	Lessee's Liens

 

Lessee shall not have, or allow
any third party (in their dealings with Lessee) to have, a lien on the Vessel.

 

		25.3	Release of Lien

 

In the event that any lien shall
attach by operation of Law or in violation of this Clause 25, Owner and/or Lessee, as the case may be, shall take such steps as
reasonably necessary to ensure that the lien does not interfere with the Vessel's operations or with Lessee's right to the Vessel
and its cargo or Redelivery and export of the Vessel from Colombia and to effect prompt release of such lien prior to the enforcement
thereof.

 

		25.4	Mortgage

 

As a condition for the effectiveness
of any Approved Mortgage, Owner shall cause that the Approved Mortgagee shall enter into an Approved Mortgagee's Direct Agreement
with Lessee.

 

		26.	EXCLUSIONS, LIMITATION OF LIABILITY AND LIQUIDATED DAMAGES

 

		26.1	No Consequential Loss

 

Except as otherwise expressly
provided in this Agreement, neither Party shall be liable to the other Party for any Consequential Loss suffered or incurred by
the other Party.

 

    	 	63	 

     

    

 

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

 

		26.2	Cumulative cap on liability

 

		(a)	Subject to Clauses 26.2(b) and 26.2(c), but notwithstanding any other provision of this Agreement
or the FSRU Operation and Services Agreement:

 

		(i)	the aggregate, cumulative total liability of Lessee under or in connection with this Agreement
and of Customer under or in connection with the FSRU Operation and Services Agreement howsoever arising, whether in contract, tort
(including negligence) or otherwise arising at law, shall in no event exceed an amount equal to ***** Dollars (USD *****); and

 

		(ii)	the aggregate, cumulative total liability of Owner under or in connection with this Agreement and
of Contractor under or in connection with the FSRU Operation and Services Agreement howsoever arising, whether in contract, tort
(including negligence) or otherwise arising at law, shall in no event exceed an amount equal to ***** Dollars (USD *****). For
avoidance of doubt if, following total loss of the Vessel, Owner decides to procure a replacement Vessel, costs associated with
the procurement of such replacement Vessel will not count toward the above liability limit.

 

		(b)	Subject to Clause 26.2(c), but notwithstanding any other provision of this Agreement or the FSRU
Operation and Services Agreement:

 

		(i)	the cap specified in Clause 26.2(a)(i) shall be increased to ***** Dollars (USD *****) in the event
of Gross Negligence/Wilful Misconduct of Lessee and/or Customer; and

 

		(ii)	the cap specified in Clause 26.2(a)(ii) shall be increased to ***** Dollars (USD *****) in the
event of Gross Negligence/Wilful Misconduct of Owner and/or Contractor.

 

		(c)	The provisions of Clauses 26.2(a) and 26.2(b) shall not apply to any payments made under the indemnity
provisions in Clause 22 and/or clause 24 of the FSRU Operation and Services Agreement, or to the payment of Hire, Standby Hire
and Accrued Hire earned by Owner under this Agreement and/or the payment of any amounts in respect of the MSO Optional Change,
the Hard Arms Optional Change or the Pre-VAD Lessee LOC Costs and/or the payment of the Daily Fee earned by Contractor under the
FSRU Operation and Services Agreement.

 

		26.3	Liquidated Damages

 

It is understood and agreed by
the Parties that, notwithstanding anything to the contrary in this Agreement, the payment of sums specified as liquidated damages
in this Agreement is in lieu of actual damages for any losses in respect of any event in respect of which such liquidated damages
are payable and that, subject to Clause 20 and any other express provisions of this Agreement, recovery of such liquidated damages
is the sole remedy of the Party being entitled to liquidated damages in respect of any event in

 

    	 	64	 

     

    

 

respect of which such liquidated
damages are payable. To the extent permitted by applicable Law, the Party being liable to pay liquidated damages waives any defence
as to the validity of the liquidated damages specified in this Agreement on the grounds that such liquidated damages are void as
penalties. In the event that such amounts are declared or agreed not to be liquidated damages then, the liability of the Party
being liable to pay liquidated damages to pay actual damages in respect thereof shall be capped at an amount equivalent to the
amount which would otherwise have been paid as liquidated damages.

 

		27.	REMEDIES AND WAIVER

 

		27.1	Remedies

 

Except as otherwise expressly
stated in this Agreement, the rights and remedies herein provided are cumulative with and not exclusive of any rights or remedies
provided by law.

 

For the avoidance of doubt, when
under the terms of this Agreement a particular remedy is described as the "sole and exclusive remedy" of a Party for
a particular event, circumstance or breach, such remedy shall, save for any specified exceptions, be the sole and exclusive remedy
of such Party to the exclusion of any other remedy whatsoever which may otherwise have been available to it whether under this
Agreement, in tort (including negligence) or otherwise arising at law.

 

		27.2	Waiver

 

A waiver of any term, provision
or condition of, or consent granted under, this Agreement shall be effective only if given in writing and signed by the waiving
or consenting Party and then only in the instance and for the purpose for which it is given. No failure or delay on the part of
any Party in exercising any right, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single
or partial exercise of any such right, power or privilege preclude any other or further exercise thereof or the exercise of any
other right, power or privilege. No breach of any provision of this Agreement shall be waived or discharged except with the express
written consent of the Parties.

 

		27.3	Waiver of claims against the Thermal Generators

 

Owner hereby irrevocably waives
any actual or future claim it may have against the Thermal Generators in respect of any breach of the terms of this Agreement.

 

Lessee hereby warrants that the
TUAs with the Thermal Generators contain confirmation from the Thermal Generators that they waive any actual or future claim they
may have against Owner in respect of any breach of the terms of this Agreement.

 

		28.	CONSTRUCTION

 

		28.1	Entire Agreement

 

This Agreement comprises the
full and complete agreement of the Parties with respect to the subject matter hereof and supersedes all prior communications, understandings

 

    	 	65	 

     

    

 

and agreements between the Parties,
whether written or oral, expressed or implied, with regard to said subject matter.

 

		28.2	Independent Construction

 

No provision of this Agreement
shall be interpreted or construed against a Party because that Party or its legal representative drafted the provision.

 

		28.3	Severability

 

All provisions of this Agreement
are severable, and the unenforceability of any of the provisions of this Agreement shall not affect the validity or enforceability
of the remaining provisions of this Agreement. If, at any time, any provision of this Agreement is or becomes illegal, invalid
or unenforceable in any respect under any law of any jurisdiction, neither the legality, validity or enforceability of the remaining
provisions nor the legality, validity or enforceability of such provision under the law of any other jurisdiction will in any way
be affected or impaired.

 

		29.	NOTICES

 

		29.1	Address for Notices

 

Any notice to be given, or required
to be given, by either Party to the other Party hereunder, shall be sent by fax, registered mail, e-mail or registered airmail
to the following addresses:

 

Notice to Owner:

 

Prior to the Delivery Date:

 

Vegard Hellekleiv

 

Drammensveien 134

 

0212 Oslo

 

Tel: +47 975 57 447

 

Fax: + 47 975 57 401

 

Email: vegard.hellekleiv@hoeghlng.com

 

After the Delivery Date:

 

Rune Karlsen

 

Drammensveien 134

 

0212 Oslo

 

Tel: +47 975 57 450

 

    	 	66	 

     

    

 

Fax: + 47 975 57 401

 

Email: rune.karlsen@hoeghlng.com

 

Copy to: Ragnar Wisløff
(ragnar.wisloff@hoeghlng.com)

 

Notice to Lessee:

 

José Luis Montes Gómez

 

SOCIEDAD PORTUARIA EL CAYAO
S.A. E.S.P

 

Calle 66 No. 67-123

 

Barranquilla

 

Colombia

 

Tel: +57 5 371 3217

 

Email: Jose.Montes@promigas.com

 

or to such other addresses as
the Parties may respectively from time to time designate by notice in writing. Any failure to transmit a copy of the notice to
a Party listed as entitled to receive a copy shall not in any way affect the validity of any notice otherwise properly given as
provided in this Clause 29.

 

		29.2	Receipt of Notices

 

Any notice required to be given
pursuant to this Agreement shall be deemed to be duly received only:

 

		(a)	in the case of a letter, whether delivered in course of the post or by hand or by courier, at the
date and time of its actual delivery if within normal business hours (09:00 - 17:00) on a working day at the place of receipt,
otherwise at the commencement of normal business on the next such working day; and

 

		(b)	in the case of a facsimile or e-mail, at the time of transmission recorded on the message if such
time is within normal business hours (09:00 - 17:00) on a working day at the place of receipt, otherwise at the commencement of
normal business hours on the next such working day.

 

		29.3	Communications

 

Unless otherwise expressly provided
in this Agreement, all notices, approvals, agreements, rejections, requests, consents, elections, instructions, designations, authorizations,
responses, and all other communications required to be given by either Owner or Lessee to the other one under or in connection
with this Agreement shall be in writing and in the English language.

 

 

    	 	67	 

     

    

 

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

 

		30.	GOVERNING LAW AND DISPUTE RESOLUTION

 

		30.1	Governing Law

 

This Agreement, and any dispute,
controversy, proceedings or claim of whatever nature arising out of or in any way relating to this Agreement or its formation (including
any non-contractual disputes or claims), shall be governed by and construed in accordance with English law.

 

		30.2	Expert Determination

 

		(a)	In the event that a Technical Dispute arises between the Parties, and the Parties have been unable
to resolve such matter within ***** days of service of a dispute notice, the Parties agree to refer the dispute or difference for
determination to an expert who meets the Expert Criteria (the "Expert").

 

		(b)	The identity of the Expert and the terms of appointment are to be agreed by the Parties, provided
that the Expert agreed by the Parties meets the Expert Criteria. If agreement on appointment (and its terms) is not reached within
***** days of the decision to refer the dispute to an Expert, either Party can apply to the ICC, to appoint an expert who meets
the Expert Criteria. To the extent the terms of appointment of the Expert are not agreed by the Parties, the Expert shall decide
the terms of his appointment.

 

		(c)	In making a determination the Expert shall act as an expert and not as an arbitrator and his decision
will (in the absence of manifest error and/or fraud) be final and binding on the Parties.

 

		(d)	The Expert shall provide his determination within ***** months of the matter being referred to
him and shall give reasons for his determination.

 

		(e)	In the event the Expert dies or becomes unwilling or incapable of acting, or does not deliver the
decision within the time required by Clause 30.2(d), then either Party may apply to the ICC to discharge the Expert and to appoint
a replacement Expert who meets the Expert Criteria. This Clause 30.2 applies in relation to the new Expert as if he were the first
Expert appointed.

 

		(f)	Each Party agrees to bear the costs incurred in relation to the reference to the Expert (which
includes each Party's own costs and those of the Expert) in the proportions the Expert may direct or, in the absence of direction,
equally. To the extent permitted by law, the Parties shall, as soon as reasonably practicable, provide to the Expert access to
their respective premises and documents as may be required by the Expert to make his decision.

 

		(g)	In the event that any disputes to be decided pursuant to this Clause 30.2 are Related Disputes
(either under this Agreement, the FSRU Operation and Services Agreement, a TUA or the EPC Contract), the following shall apply:

 

    	 	68	 

     

    

 

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

 

		(i)	where one or more Related Disputes have been referred to an Expert for determination and those
Related Disputes arise under either this Agreement or this Agreement and the FSRU Operation and Services Agreement, the Parties
agree that such disputes shall be determined (separately) by whichever Expert was first appointed;

 

		(ii)	subject to the provisions of Clause 30.2(g)(iii), where one or more Related Disputes have been
referred to an Expert for determination and at least one of the Related Disputes arises out of a TUA or the EPC Contract, and an
Expert is first appointed in respect of a TUA or EPC Contract Related Dispute, a Party will not be bound to use that same Expert
to determine the Related Dispute under this Agreement unless it has consented to do so;

 

		(iii)	in case of Related Disputes where an Expert has yet to be appointed in relation to either, the
Parties agree to appoint the same Expert to determine both (at the same time). Where a Related Dispute arises first out of a TUA
or the EPC Contract, Lessee will notify Owner of the Related Dispute and the proposed Expert under the EPC Contract or TUA Related
Dispute (the "Proposed Expert"). Owner shall confirm whether or not it agrees to the appointment of the Proposed
Expert, such confirmation to be provided in writing within ***** days of notification of the Related Dispute and Proposed Expert.
If no such confirmation is provided by Owner, Owner will be deemed to have accepted the Proposed Expert. In the event that Owner
confirms that it does not agree to the Proposed Expert, the provisions of Clause 30.2(b) of this Agreement shall apply, save that
the ICC will also be requested to appoint the same Expert to determine such Related Disputes at the same time;

 

		(iv)	if a Related Dispute which has already been determined gives rise to common issues, the Parties
agree that submissions and evidence adduced, and the determination made, in the Related Dispute shall be admissible as evidence
in the expert determination concerning the more recent dispute.

 

		30.3	Arbitration

 

		(a)	Save as set out in Clause 30.2, any dispute, controversy or claim arising out of or in connection
with this Agreement or its formation, including any non-contractual disputes (a "Dispute") shall be finally and
(except as expressly provided otherwise in this Clause 30.3) exclusively determined by referral to arbitration in London, England,
in accordance with the Rules of the London Court of International Arbitration ("LCIA Rules"), as may be amended
from time to time, by a panel of three (3) suitably qualified arbitrators, fluent in English, familiar with the general principles
of English law, and experienced in arbitrations conducted under the LCIA Rules. Notwithstanding the above

 

    	 	69	 

     

    

 

provisions, either
Party may seek interlocutory relief in equity, if appropriate. Each Party shall appoint one (1) arbitrator, and the two (2) so
appointed shall thereafter appoint the third arbitrator.

 

		(b)	The language of the arbitration shall be English.

 

		(c)	The arbitrators are not authorized to make any decision or award ex aequo et bono but shall
apply the governing law chosen by the Parties.

 

		(d)	The arbitral panel shall issue its reasoned award in writing, and is authorized to award costs
and attorneys' fees to the prevailing Party as part of its award.

 

		(e)	Any award shall be binding and enforceable against the Parties in any court of competent jurisdiction,
and the Parties hereby waive any right to appeal such award on the merits or to challenge the award except on the grounds set forth
in Article V of the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards.

 

		(f)	Notwithstanding the foregoing agreement to arbitrate, the Parties expressly reserve the right to
seek provisional relief from any court of competent jurisdiction to preserve their respective rights pending arbitration, and in
seeking such relief shall not waive the right of arbitration.

 

		(g)	The Parties shall continue to perform this Agreement during arbitration proceedings and the arbitral
panel shall have the authority to determine the validity of this Agreement and to arbitrate any Dispute submitted to it.

 

		30.4	Common Disputes

 

Subject to Clause 30.5(b) below,
the Parties agree as follows:

 

		(a)	where a Dispute arises which raises one or more common issues of fact or law with a Dispute that
has already arisen under this Agreement or the FSRU Operation and Services Agreement (whether or not arbitration of the other Disputes
has already been commenced) (the "Common Disputes"), then the Parties agree to appoint the same tribunal in respect
of the Common Disputes (the "Common Tribunal"). Where arbitrators have already been appointed to determine any
of the Common Disputes, the tribunal first appointed will constitute the Common Tribunal. The Parties will ensure that the appointment
of any other arbitrator is terminated immediately. The termination is without prejudice to: (A) the validity of any act done or
order made by that arbitrator or by the court in support of that arbitration before his appointment is terminated; (B) his entitlement
to be paid his proper fees and disbursements; and (C) the date when any claim or defence was raised for the purpose of applying
any limitation bar or any similar rule or provision;

 

		(b)	if it considers it to be in the interests of justice and efficiency, the Common Tribunal can order
the Common Disputes to be consolidated (a "Consolidation Order"). On making a Consolidation Order, the Common
Tribunal will have jurisdiction to the exclusion of any other tribunal which may have been

 

    	 	70	 

     

    

 

appointed in
respect of any of the Common Disputes, to finally resolve all the consolidated disputes;

 

		(c)	if a Consolidation Order is made, the Parties to each of the proceedings that are the subject of
the order will be treated as having consented to the consolidated proceedings. The Parties agree that the Consolidation Order and
the award of the Common Tribunal will be final and binding;

 

		(d)	if Common Disputes have already been finally determined under the FSRU Operation and Services Agreement,
the determination of the Common Disputes will be binding on the Parties under this Agreement.

 

		30.5	Joinder

 

		(a)	Subject to Clause 30.5(b) below, the Parties agree:

 

		(i)	that the arbitral tribunal has power to join any party that is not party to the arbitration to
the proceedings (an "Additional Party") as conferred by Article 22.1(h) of the LCIA Rules and each Party consents
to such joinder;

 

		(ii)	that it may be joined as an Additional Party to any arbitration commenced under the FSRU Operation
and Services Agreement; and

 

		(iii)	not to unreasonably object to the joinder or otherwise obstruct any attempt to join an Additional
Party.

 

		(b)	The arbitral tribunal may only exercise such powers in Clauses 30.4 and 30.5(a) above if all parties
to the relevant arbitral proceedings (including in relation to Clause 30.5(a), any Additional Party) have been given a reasonable
opportunity to make representations to the arbitral tribunal in relation to the exercise of such powers.

 

		(c)	If more than two (2) Parties are involved in any arbitral proceedings the arbitral tribunal shall
have all powers necessary to establish any supplementary procedural rules required or desirable in view of the multi-party nature
of the arbitral proceedings. Such powers shall include the ability to issue one or more arbitration awards during or at the conclusion
of the arbitration as considered necessary, appropriate or expedient by the arbitral tribunal.

 

		30.6	Caveat

 

Notwithstanding the reference
of a Dispute for resolution under the provisions of Clause 30.3, the Parties shall continue diligently to observe and perform their
respective obligations and duties under this Agreement as if no Dispute had arisen, except if a Party has given notice to terminate
this Agreement. This Clause 30 shall survive termination of this Agreement.

 

		31.	WAIVER OF IMMUNITY

 

To the extent that a Party is
entitled in any jurisdiction to claim for itself or its property or assets any right of immunity, including immunity from submission
to jurisdiction,

 

    	 	71	 

     

    

 

service of any documents, recognition
of an award or suit, judgment, enforcement, execution, attachment (whether in aid of execution, before judgment or otherwise) or
other legal process whatsoever or wheresoever, or to the extent that in any such jurisdiction there may be attributed to such Party
or its assets or property such immunity (whether or not claimed), the such Party hereby irrevocably agrees in respect of any Disputes
or the enforcement of any judgment or arbitration award against any of its property or assets not to claim and hereby irrevocably
waives such immunity to the fullest extent permitted by the laws of such jurisdiction and, without limitation, it is intended that
the foregoing waiver of immunity shall have irrevocable effect for the purposes of the United States Foreign Sovereign Immunities
Act 1976 in any Disputes to which that Act is applicable.

 

		32.	CONFIDENTIALITY

 

		32.1	Confidential Information

 

The Parties agree to keep Confidential
Information strictly confidential, except in the following cases when a Party shall be permitted to disclose such information:

 

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

 

		(b)	it is required to be disclosed under Law or order of Governmental Authority or stock exchange regulations
(provided that the disclosing Party shall give written notice of such required disclosure to the other Party prior to the disclosure);

 

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

 

		(d)	to any of the following Persons to the extent necessary for the proper performance of their duties
or functions:

 

		(i)	a supplier or carrier, or a potential supplier or carrier, of LNG shipped or to be shipped on the
Vessel;

 

		(ii)	the Terminal Users;

 

		(iii)	an Affiliate of the disclosing Party;

 

		(iv)	employees, officers, directors and agents of the disclosing Party (or an Affiliate);

 

		(v)	professional consultants retained by a disclosing Party; or

 

		(vi)	financial institutions advising on, providing or considering the provision of financing to the
disclosing Party or its Affiliates,

 

provided, however, that the
disclosing Party shall exercise due diligence to ensure that no such Person shall disclose Confidential Information to any unauthorized
persons under any unauthorized circumstances and subject to substantially equivalent conditions of confidentiality; and

 

    	 	72	 

     

    

 

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

 

		(e)	to the Colombian Central Bank (Banco de la República) and any Colombian Foreign Exchange
Market Intermediary to the extent necessary for Lessee to submit any necessary forms or tax returns in connection with this Agreement.

 

		32.2	Survival

 

The provisions of this Clause
32 shall survive for a period of ***** years after the termination or expiry of this Agreement.

 

		33.	SANCTIONS

 

		33.1	Operation of the Vessel and Sanctions

 

		(a)	Owner
                                         shall not be obliged to (i) make available the Vessel or (ii) comply with any orders
                                         for the employment of the Vessel in any carriage, trade or on a voyage; which would be
                                         contrary to Sanctions Laws applicable to Owner or its Affiliates.

 

		(b)	If the
                                         Vessel is operating and such operation contravenes or becomes illegal under Sanctions
                                         Laws, Owner shall have the right to require the cessation of such operations and to require
                                         that any LNG on board the Vessel be discharged and redelivered to Lessee. The Vessel
                                         shall remain on Hire for the period of time during which such discharge of LNG on board
                                         the Vessel is occurring.

 

		(c)	If the Vessel is already performing
                                         a pre-delivery voyage under Clause 4.1, performance of which contravenes or becomes illegal
                                         under Sanctions Laws, Owner shall have the right to refuse to proceed with the employment
                                         and Lessee shall be obliged to issue alternative voyage orders within ***** hours of
                                         receipt of Owner's notification of its refusal to proceed. Lessee shall compensate Owner
                                         for completing Lessee's alternative voyage orders by: (i) paying the Rate and the Daily
                                         Fee for each additional day (not attributable to Owner, Contractor or Owner's or Contractor's
                                         Affiliates, contractors, servants and subcontractors) taken by Owner to complete such
                                         alternative voyage orders; and (ii) reimbursing Owner for any additional documented Voyage
                                         Expenses. If Lessee does not issue such alternative voyage orders within the ***** hour
                                         period, Owner may discharge any cargo already loaded at the nearest safe port (including
                                         the port of loading), and Lessee shall compensate Owner by: (i) paying the Rate and the
                                         Daily Fee for each additional day (not attributable to Owner, Contractor or Owner's or
                                         Contractor's Affiliates, contractors, servants and subcontractors) taken by Owner to
                                         travel to such safe port and discharge such cargo and (ii) reimbursing Owner for any
                                         additional documented Voyage Expenses.

 

		(d)	Subject to Clause 33.2 below, any time during which the Vessel ceases to be at the disposal of
Lessee by reason of this Clause 33.1, shall be treated in the same way as an Event of Force Majeure in accordance with Clause 19
hereof.

 

    	 	73	 

     

    

 

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

 

		33.2	Non-Compliant Parties

 

		(a)	Each of Owner and Lessee respectively warrant for itself and their respective Affiliates that at
the date of this Agreement:

 

		(i)	it is in compliance with Sanctions Laws applicable to such Party;

 

		(ii)	it is not a Restricted Party; and

 

		(iii)	it is not subject to or involved in any inquiry, claim, action, suit, proceeding or investigation
against it with respect to Sanctions Laws applicable to such Party by any Sanctions Authority.

 

		(b)	If at any time during the performance of this Agreement either Party becomes aware that the other
Party (the "Non-Compliant Party") would be in breach of the warranties in Clause 33.2(a) if such warranties were
to be given from the date of this Agreement until the end of the Term:

 

		(i)	such Party shall give notice to the Non-Compliant Party (a "Sanctions Warranty Notice");

 

		(ii)	from the date of the Sanctions Warranty Notice, performance of the obligations of Owner and Lessee
under this Agreement shall be suspended without liability of either Party unless and until performance resumes in accordance with
Clause 33.2(b)(iv) below or this Agreement is terminated pursuant to Clause 33.2(b)(v) below;

 

		(iii)	if Owner is the Non-Compliant Party, such period of suspension shall count as Off-Hire. If Lessee
is the Non-Compliant Party, Lessee shall continue to be obliged to pay Hire during the period of suspension subject to such payment
of Hire, and its receipt by Owner, not being in breach of Sanctions Laws. If payment of Hire by Lessee and its receipt by Owner
is in breach of Sanctions Laws and remains so for a period of ***** days or more, Owner shall be entitled to terminate this Agreement
with immediate effect by sending written notice thereof to Lessee, such termination being treated as a termination under Clause
20.3;

 

		(iv)	Owner and Lessee shall use all reasonable endeavours to apply for and obtain any applicable license
or authorisation which will enable the Parties to resume performance of this Agreement notwithstanding the circumstances giving
rise to the operation of this Clause 33.2 and upon the obtaining of such license or authorisation performance of the obligations
of Owner and Lessee under this Agreement shall resume and any amount of Hire which has not been paid by reason of it being contrary
to Sanctions Laws shall to the extent legally permissible, become immediately due and payable by Lessee to Owner; and

 

    	 	74	 

     

    

 

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

 

		(v)	if no licence or authorisation as referred to in Clause 33.2(b)(iv) above is obtained within *****
days of the Sanctions Warranty Notice referred to in Clause 33.2(b)(i) above or if it shall at any earlier time be apparent to
the Party which is not the Non-Compliant Party that there is no reasonable prospect of any such licence or authorisation being
obtained, either Party may terminate this Agreement by notice to the other Party, such termination being treated as a termination
under Clause 20.3.

 

		(c)	Notwithstanding anything in this Clause 33 to the contrary, Owner or Lessee shall not be required
to do anything which constitutes a violation of Sanctions Laws applicable to such Party, or of any other laws and regulations of
any State to which either of them is subject.

 

		34.	LANGUAGE

 

The official text of this Agreement
and any Schedules attached hereto and any notices given hereunder shall be in English. This Agreement and any Schedules attached
hereto shall be translated into Spanish for Colombian law purposes. In the event of any dispute concerning the construction or
interpretation of this Agreement, reference shall be made only to this Agreement as written in English and not to any translation
into any other language.

 

		35.	AMENDMENTS

 

This Agreement may only be amended
by written instrument signed by both Parties and expressly referencing this Agreement.

 

		36.	COUNTERPARTS

 

This Agreement may be executed
in counterpart, and this has the same effect as if the signatures on each counterpart were on a single copy hereof.

 

		37.	RIGHTS OF THIRD PARTIES

 

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

 

    	 	75	 

     

    

 

IN WITNESS WHEREOF, the Parties
hereto have caused this Agreement to be duly executed on the date first above written.

 

OWNER

 

	Signed by:	/s/ Thomas Thorkildsen	 
	 	 	 
	Name:	Thomas Thorkildsen	 
	 	 	 
	Title:	Attorney-in-fact	 

 

For and on behalf of HÖEGH LNG
FSRU IV LTD.

 

Pursuant to a power of attorney dated
1 October 2014

 

LESSEE

 

Signed for and on behalf of SOCIEDAD
PORTUARIA EL CAYAO S.A. E.S.P

 

	By:	/s/ Jose Luis Montes	 
	 	 	 
	Name:	Jose Luis Montes	 
	 	 	 
	Title:	General Manager	 

 

    	 	76	 

     

    

 

Schedule 1 - Description
and Specification of the Vessel

 

SPECIFICATIONS OF THE VESSEL AND THE GAS
INSTALLATION WHICH ARE REPRESENTATIONS BY THE OWNER

 

		A.	VESSEL'S CHARACTERISTICS

 

PREAMBLE

 

	S/S	:	To be Named prior to delivery
	 	 	 
	OWNER	:	Höegh LNG Ltd (to be novated to Höegh LNG FSRU # IV Ltd at or following delivery)
	 	 	 
	OPERATOR	:	Höegh LNG Fleet Management AS ) or another member of the Höegh LNG group of companies)
	 	 	 
	FLAG	:	Marshall Island
	 	 	 
	BUILT	:	Hyundai Heavy Industries, South Korea
	 	 	 
	DATE OF DELIVERY	:	Planned April 2014

 

		CLASS:	DNV, +1A1, Tanker for Liquefied Gas, Ship type 2G (-163oC,
500kg/m3, 25kPa), FSRU mode 2G (-163oC, 500kg/m3, 70kPa), NAUTICUS (Newbuilding), REGAS, E0, CLEAN, BIS, CSA-FLS2, PLUS, COAT-PSPC(B),
Recyclable, GAS FUELLED, TMON

 

The Vessel's
design allows it to be moored to the Jetty for the duration of this Agreement without any scheduled dry dockings.

 

	GRT	International: abt. 103,700	Suez: abt. 107,200 MT	Panama: N.A.
	NRT	International: abt.  31,100	Suez: abt.   89,950 MT	Panama: N.A.

 

* Above GRT / NRT is preliminary
data which will be confirmed/adjusted at delivery

 

	IS VESSEL BUILT ACCORDING TO:	USCG REGULATIONS?	YES

 

	HAS VESSEL RECEIVED 	USCG APPROVAL?	YES

 

	HULL :	 	 
	LOA	:	abt. 294.00  m
	LBP	:	282.00  m
	BREADTH (moulded)	:	46.00  m
	DEPTH (moulded)	:	26.00  m
	SUMMER DRAFT(moulded)	:	12.60  m
	SUMMER DRAFT (extreme)	:	abt. 12.62  m  (Corresponding deadweight : abt. 91,969 T)
	DESIGNED DRAFT(moulded)	:	11.60  m
	LIGHT WEIGHT(Preliminary estimation)	:	36,350 T
	FWA(Preliminary)	:	0.280  m
	KTM(Preliminary)	:	abt,   63.60 m

* Above KTM is based on preliminary
design.

 

    	 	77	 

     

    

 

ESTIMATED DRAFT WITH FULL
CARGO AND FULL BUNKERS

 

(Preliminary)

 

	 Product	 	Draughts (moulded)	 	Corresponding
	LNG	 	Forward	 	Mean	 	Aft	 	Deadweight
	Designed draught	 	11.24 m	 	11.57 m	 	11.91 m	 	80,623 MT
	Max draught	 	12.36 m	 	12.58 m	 	12.81 m	 	91,969 MT

 

	Immersion at draft :	11.60 m=   112.5   MT/cm (Preliminary)
	 	12.60 m=   114.5   MT/cm (Preliminary)

 

COMMUNICATION EQUIPMENT

 

	CALL LETTERS	:	Call letters to be registered by Shipowner
	RADIO STATION NORMALLY WATCHED	:	YES
	RADIO TELEPHONY	:	YES
	VHF	:	YES
	SATELLITE COMMUNICATION "FB 500"	:	YES
	 	 	(Call number to be registered by Shipowner)
	SATELLITE COMMUNICATION “FB 250”	:	No
	 	 	(Call number to be registered by Shipowner)
	No.1 SATELLITE COMMUNICATION "C"	:	YES
	 	 	(Call number to be registered by Shipowner)
	No.2 SATELLITE COMMUNICATION "C"	:	YES
	 	 	(Call number to be registered by Shipowner)
	E-MAIL ADDRESS	:	E-mail address to be registered by Shipowner

 

MACHINERY

 

	MAIN ENGINE   	-Make and type	:  WARTSILA-HYUNDAI 
	 	 	 8L50DF x 3 sets, 6L50DF x 1 sets
	 	 	 RENK / Reduction Gear
	 	- Service power	: 20,000 kW @ 76 rpm (Max. Propulsion Power)
	 	- Grade of fuel used	: M.D.O. with pilot fuel (Diesel Mode) 
	 	 	 Boil-off gas with pilot fuel (Gas Mode)
	AUXILIARIES 	- Type and make	: NIL
	 	- Service power	: NIL

Note

M.D.O. : Marine Diesel Oil (DMB/RMA10 class
of ISO 8217 with a viscosity of 6 cSt and above at 40°C)

M.G.O. : Marine Gas Oil (DMA/DMZ class
of ISO 8217 with a viscosity of 3 cSt and above at 40°C)

Boil-off gas : Engine maker’s recommendation.

 

SPEED

 

The guaranteed speed at the design draught
and at the maximum propulsion power with 21% sea margin at the condition of clean bottom in calm and deep sea to be about 18.0
knots.

 

CONSUMPTION / DAY

 

AT SEA (with 21% sea margin): 

 

 

    	 	78	 

     

    

 

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

 

100 % M.D.O. (LCV 42700 kJ/kg)

 

	Speed (knots)	 	(Tonnes of Fuel Oil Equivalent / day)
	 	 	
        Laden

        (MT)
	 	
        Ballast

        (MT)

	18	 	*****	 	*****
	17	 	*****	 	*****
	16	 	*****	 	*****
	15	 	*****	 	*****

 

	IN PORT:	100 % M.D.O. (LCV 42700 kJ/kg)
	 	Cargo Unloading 	***** T/day
	 	Cargo Loading 	***** T/day
	 	Idle 	***** T/day

 

PERMANENT BUNKER CAPACITY ALLOWING AN
ULLAGE OF (98 %) 

(Preliminary)

	MARINE DIESEL OIL	4,890 MT	(SG – 0.90 MT/m3)
	MARINE GAS OIL	340 MT	(SG – 0.90 MT/m3)
	LUB OIL	250 MT	(SG – 0.90 MT/m3)

 

B. CARGO INSTALLATIONS

 

1. TRANSPORTABLE PRODUCTS AND RESPECTIVE
QUANTITIES, calculated in accordance with IMO - maximum filling formula.

 

	 	 	 	 	 	 	 	 	 	 	 	LNG 98 % filling	 
	 	 	100% capacity	 	 	98.5 % capacity	 	 	98 % capacity	 	 	SG: 0,50	 
	 	 	At 20 deg C	 	 	At –160o C	 	 	At –160o C  	 	 	@ -163°C	 
	Cargo tanks	 	Excluding dome	 	 	Excluding dome	 	 	Excluding dome	 	 	 Excluding dome	 
	 	 	(m3)	 	 	(m3)	 	 	(m3)	 	 	MT	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Tank 1	 	 	26,510	 	 	 	26,112	 	 	 	25,980	 	 	 	12,990	 
	Tank 2	 	 	47,830	 	 	 	47,113	 	 	 	46,873	 	 	 	23,437	 
	Tank 3	 	 	47,830	 	 	 	47,113	 	 	 	46,873	 	 	 	23,437	 
	Tank 4	 	 	47,830	 	 	 	47,113	 	 	 	46,873	 	 	 	23,437	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTAL	 	 	170,000	 	 	 	167,451	 	 	 	166,601	 	 	 	83,300	 

 

    	 	79	 

     

    

 

	Note : 	MAX DENSITY OF CARGO: 500kg/m3.

 

2. OTHER TRANSPORTABLE PRODUCTS

 

NIL

 

3. Tanks

 

	3.1. Normal operating vapour pressure	:	10-50 kPa gauge at FSRU mode
	6 kPa gauge at LNG carrier mode	 	 
	3.2. Valve setting	:	70 kPa gauge at FSRU mode
	25 kPa gauge at LNG carrier mode	 	 
	3.3. Maximum vacuum obtainable	:	1 kPa g (safety valve)
	3.4. Maximum specific gravity	:	0.500
	3.5. Maximum temperature acceptable	:	 -163°C    (0°C = 273 K)

 

4. LOADING RATE

 

4.1 Operation as an FSRU

 

The FSRU to be able to load the
full cargo from LNG carrier through L.P cargo manifold at starboard side using flexible hoses at a rate of 9,000 m3/hr with a pressure
of 240 kPa gauge at the FSRU’s presentation flange before FSRU’s manifold strainer. Ship to ship hoses and ERC system
for 9,000 m3/hr are provided.

 

The cargo tank pressure to be
maintained at 10-50 kPag before ship to ship transfer and to be allowed increased to abt 60 kPag or above at the end of LNG loading.
The cargo tank temperature to be maintained below -130 oC before ship to ship transfer. The conditions for ship to ship transfer
to be confirmed at the design stage.

 

4.2 Operation as ocean going LNG
Carrier

 

The vessel to be able to load
the full cargo through three(3) liquid manifolds at a rate of 10,000 m3/hr with a pressure of 240 kPa gauge at the vessel’s
presentation flange before ship’s manifold strainer.

 

The vessel to be able to discharge
the full cargo through three(3) liquid manifolds at a rate of 10,000 m3/hr against standard a manifold back pressure (standard
60 mesh strainers installed) after strainers of 400 kPa gauge based at the half cargo level in the tank. The cargo pumps and emergency
cargo pumps to be operated for LNG unloading.

 

5. CARGO PUMPS.

 

		5.1.	Main cargo pumps :

 

	Type	:	Electric motor driven, Vertical, Centrifugal, Submerged
	Maker	:	Shinko
	How many	:	Eight (8)  (2 per tank)
	Maximum specific gravity  	:	0.5
	Capacity each (CBM/hour) 	: 	1,000 m3/h at 160 mlc
	Location	: 	within cargo tanks

 

		5.2.	Spray pumps :

 

	Type	:  	Electric motor driven, Vertical, Centrifugal, Submerged
	Maker	: 	Shinko
	How many 	:	Four (4)   (1 per tank)

  

    	 	80	 

     

    

 

	Maximum specific gravity  	:	0.5
	Capacity (CBM/hour)	:	50 m3/h x 145 mlc
	Location 	:	within cargo tanks

 

	 	5.3.	Fuel gas pumps : 	No

 

		5.4	Regas feed pumps :

 

	Type	:  	Electric motor driven, Vertical, Centrifugal, Submerged, Retractable
	Maker	: 	Shinko
	How many 	:	Four(4) (1 per tank)

 

	Maximum specific gravity  	:	0.5
	Capacity (CBM/hour)	:	550 m3/h x 160 mlc
	Location 	:	within cargo tanks

 

		5.5	What amount of cargo remains in tank after completion pumping
before stripping:

 

	- Liquid	: 	abt.   568 m3 on 2m trim 
	 	 	- Vapour :   N/A

 

6. STRIPPING

 

		6.1.	Stripping system if any: See above paragraph 5.2 for Stripping/spray
pumps. .

 

		6.2.	Time required to remove all traces of liquid cargo as stated
in 5.5 for about five (5) hours

 

7. CARGO COMPRESSORS

 

	7.1. 	Type	:	High Duty Compressors
	 	Maker	:	Cryostar
	 	How many 	:	Two (2) sets, 30,000 m3/h each.
	 	Total flow: 	 	60,000 m3/h

 

	7.2. 	Are compressors oil free : 	Yes

 

	7.3. 	Type 	:	Low Duty Compressors
	 	Maker	:	Cryostar
	 	How many 	:	Three (3) sets, 3,000 m3/h

 

8. INERT GAS SYSTEM

 

	8.1.	Does the vessel use inert gas ?	:	Yes
	 	Maker	:	Hamworthy
	 	If so, state utilization and quantities 	:	Inerting, drying & aeration.
	 	 	 	Capacity : 16,000 Nm3/h

 

	8.2. 	Can the vessel produce inert gas ? 	 	Yes
	 	If so, state type and composition of gas produce	 

 

	 	O2 	Max 1 % by volume
	 	CO	Max 100 ppm by volume
	 	SOx	Max 10 ppm by volume

 

    	 	81	 

     

    

 

	 	Nox	Max 100 ppm by volume
	 	CO2	about 14.0 % vol by volume
	 	N2	Balance

 

Dew point : -45oC @ 760mm HG

 

	 	8.3. 	Maximum capacity  :      16,000 Nm3/h with discharge press. 25 kPag
	 	 	 
	 	8.4. 	State if there are storage facilities for inert gas on board :  No
	 	 	 
	 	8.5. 	State if any supply of nitrogen may be required:  Yes

	 	- for what purpose	:	Breeding in insulation spaces of the cargo tank to maintain pressure, purging of the gas fuel line, cargo pipes, vent masts, fire extinguishing in the vent masts and for sealing of  cargo compressors glands. 

 

	 	- what quantities	:	Two (2) sets of  Nitrogen generators. 

	 	Type	:	Membrane separation, low pressure.
	 	Maker	:	Air Products
	 	Capacity	:	125 Nm3/h with dew point -70oC , each
	 	Tank	:	One (1) N2 Buffer tank 24 m3 capacity

 

9. GAS FREEING

 

		9.1.	State method used giving all details:

		-	Introducing inert gas into cargo tanks for replacement of warm vapours.

		-	Introducing dry air into cargo tanks for replacement of inert gas.

 

Dry air blowers
(IGG Plant) : Two (2) sets, each 8,000 Nm3/h

 

	9.2.	State time required for gas freeing	:  abt. 36 hours (warm up)
	 	 	abt. 20 hours (inerting)
	 	 	abt. 20 hours (aeration) 
	 	 	 	 
	 	 	 
	 	 	abt.  76 hours in total

 

Time required for displacing IG with
dry air : abt. 20 hours

 

9.3State consumption of inert gas
if any : abt. 290,000 m3 

 

10. CHANGING GRADE

 

10.1From
A to B : From completion discharge of cargo A, time required in hours and other gas in CBM.

 

	B	LNG	INERT GAS	DRY AIR
	A	 	 	 
	 	 	CH4 less than 2 % Vol	 
	 	 	20 hours	 
	LNG	 	 	 
	 	 	
        290,000 m3

        Inert gas
	 

 

    	 	82	 

     

    

 

	 	CO2 less than 1% Vol	 	O2 = 20 % Vol
	 	20 hours	 	20 hours
	INERT GAS	 	 	 
	 	290,000 m3	 	323,000 m3
	 	LNG vapor	 	Dry air
	 	 	O2 less than 2 % Vol	 
	 	 	20  hours	 
	DRY AIR	 	 	 
	 	 	290,000 m3	 
	 	 	Inert gas	 

 

Warming up / inerting : Total about
76 hrs

Cooling down : about 10 hrs (LNG Carrier
mode at Terminal) Tank mean temperature : -130 oC

 

	10.2.	Can this operation be carried out at sea?	Yes

 

 

	 	10.3. Can the ship measure the number of LNG in a vapour phase?	No
	 	 	 
	 	10.4. Has vessel deck tank for changing grade/cooling operations?	No
	 	 	 
	 	10.5.Deck tanks                                                                              :	N/A

 

11. COOLING BEFORE
LOADING

 

For fully-refrigerated ship, in
LNG Carrier mode, what quantity of cargo is needed and time required, to pre-cool tanks to have them ready to load. (Starting with
tanks at ambient temperature filled with cargo vapour and with vapour return to shore.)

 

	CARGO 	MT	HOURS
	 	 	 
	LNG	abt 980 m3 = 461 MT (approx.)	10 (including cool down lines)

 

12. CARGO HIGH DUTY HEATER :

 

	12.1.	State heating source	:	Steam.
	 	 	 	 
	12.2.	Maker	: 	Cryostar 
	 	Type 	:	Shell and tube
	 	Capacity 	:  	37,200 kg/hr 
	 	Number of units 	: 	One (1) set 

 

13. CARGO VAPORIZER

 

13.1 : LNG VAPORIZER :

	 	Maker	: 	Cryostar
	 	Type 	:  	Shell and tube

 

    	 	83	 

     

    

  

	 	Capacity 	: 	22,000 kg/h
	 	Number of units 	: 	One (1) set

 

13.2 : LNG FORCING VAPORIZER

	 	Maker 	: 	Cryostar
	 	Type 	:  	Shell and tube
	 	Capacity 	: 	4,000 kg/h
	 	Number of units 	: 	One (1) set 

 

14. REFRIGERATING APPARATUS

 

N/A

 

15. MEASURING APPARATUS

 

	 	What gauges on board? 	 
	 	Primary system : 	Radar beam system.  Maker Kongsberg.
	 	Secondary system :	Float  type level gauge.  Maker Whessoe.

 

The Vessel's Measuring Systems
for Gas send-out shall comply with AGA Standard 9 and consist of the following:

 

		(a)	Two (2) ultrasonic Gas meters in series. The metering system shall be located on the forward part
of the main deck between the regasification units and high pressure manifold. The accuracy of the Gas metering shall be within
five per cent (±0.5%) of actual Gas send-out.

 

		(b)	One (1) Gas chromatograph system to be provided for measurement of heating value, Gas composition
and specific gravity. The Gas chromatograph on the Vessel shall be able to determine the content of C1 to C6, N2 and CO2, and to
determine the Higher Heating Value and wobbe index of delivered Gas.

 

Gas flow measurement for other
systems:

 

		(a)	Contractor shall provide a Gas flow meter of orifice or
turbine type for the measurement of the following:

		i.	Vapour flow from Shuttle Tanker;

		ii.	Vapour return to Shuttle Tanker;

		iii.	LNG vaporizer outlet (gassing up tank operation);

		iv.	Forcing vaporizer outlet;

		v.	Fuel Gas to auxiliary boiler;

		vi.	Gas combustion unit;

		vii.	No.1 LNG tank vent mast; and

		viii.	Fuel Gas to dual fuel engines.

 

(b)             The volume flow accuracy
must be within three per cent (±3%) for measurements (i)-(vii) above, and within two per cent (±2%) for (viii) above.
Pressure and temperature will be measured and used for flow compensations.

 

16. SAMPLES

 

	 	16.1.	State how tank atmosphere samples can be taken and where from? 

 

Through sample valves at tank Liquid / gas
domes.

Level : Bottom – Mid – Top

Standard of fitting? Double needle valve ND15
mm.

 

		16.2	Same question for cargo ? Double needle valves ND15 mm & ND 8mm.

 

    	 	84	 

     

    

 

		16.3.	Are sample bottles available on board? No

 

17. CARGO LINES

 

	 	17.1.	Is ship fitted with a port and starboard cargo manifold?	YES

 

	 	BOW	 
	 	Liquid 1	16” 150 ANSI
	 	Liquid 2	16” 150 ANSI 
	 	Vapour 	16” 150 ANSI 
	 	Liquid 3	16” 150 ANSI 
	 	Liquid 4	16” 150 ANSI 
	 	STERN	 

 

	 	17.2.	Position of cargo manifold(Preliminary) :  Centre   L-L-V-L-L.

 

	 	- distance from bow :	140.395  m
	 	- distance from stern:	153.135  m
	 	- height above deck / driptray :	1.486/1.256  m
	 	- distance from ship's rail : 	3.285  m
	 	- height from underside keel  :	31.386 m
	 	- distance between lines :	3.0 m

 

Height above waterline(Preliminary)
:

	 	- when light ballast :	draught   9.26 m	22.126 m
	 	- when loaded :	draught  12.6 m	18.786 m

 

Loading connection

height from centre of
flange to first obstacle downward below each flange : 1.256 m

 

	 	17.3. Liquid line : 	- diameter : 	400mm 
	 	 	- flange - size :	16"
	 	 	- type :	150 ANSI RF type (Max Work Press 10 Bar – 145psi)

 

	 	Vapour  line :	- diameter : 	400mm 
	 	 	- flange – size :	16"
	 	 	- type :	150 ANSI RF type(Max Work Press 10 Bar - 145 psi)

 

17.4. What reducers on
board?

 

	 	For chicksan	No
	 	For STS	N/A
	 	For N2 receiving	N/A

 

17.5 Strainers for liquid
manifolds

Type : portable conical
dual flow type.

8 sets x 16” with mesh size
of ASTM 60

 

    	 	85	 

     

    

 

	17.6. Is ship fitted with stern discharge? 	N/A
	- liquid line - diameter :	 
	- flange - size :	 
	- type :	 

 

	 	18.  REGASSIFICATION SYSTEM 	Yes

 

		18.1	High pressure pumps

 

	 	Type	: 	Multi-stage, Centrifugal type 
	 	Maker	: 	Atlas Copco (JC Carter)
	 	No of pumps	: 	Four(4)

 

		18.2	High pressure vaporizer

 

	 	Type	:	PCHE
	 	Maker	:	Heatric

 

		18.3	Send out:

 

NG output
: max 400 MMSCFD (N+1) at nominal operation in Open Loop operation mode

 

Minimum
operation: 50 MMSCFD

 

NG outlet
pressure at regas at export manifold: between 6 MPag – 8.5 MPag

 

NG outlet
temperature limit at regas at export manifold: Minimum 7.2 oC

 

NG outlet
flow velocity limit : abt 25 m/s

 

		18.4	Turret / HP Manifolds 

 

H.P NG
(natural gas) manifold on port side (V), 1 x 20” ANSI 900 RF type flange

 

		18.4.1	Location of HP manifolds

 

Size: 20” 900 ANSI

 

	 	- distance from bow :	113.21   m	 
	 	- distance from stern:	180.81  m	 
	 	- height above deck:	1.486  m	 
	 	- distance from ship's rail :	3.165  m	 
	 	- height from underside keel  :	31.386 m	 

 

Height above waterline :

	 	- when light ballast :	draught   9.26 m	22.126 m
	 	- when loaded :	draught  12.6 m	18.786 m

 

19. HOSES

 

Are serviceable hoses available on board?Yes

 

19.1 For Ship
to Ship transfer:

 

    	 	86	 

     

    

 

			6 flexible hoses (4 for liquid and 2 for vapor return) of 10” dia and abt. 25 m length connected
to the 16” liquid/vapour manifold through reduction spool pieces.

 

	 	19.2	Minimum temperature acceptable:	-163oC
	 	 	Maximum pressure acceptable:	10 bar

 

	 	19.3	For what products are hoses suitable?	LNG

 

20. DERRICKS / CRANES

 

	 	- How many:	2 cranes
	 	- Where situated?	Manifold forward (Port side) / manifold aft (STBD side)
	 	- Lifting capacity:	10  MT SWL

- Maximum
distance from ship's side of lifting hook when derrick swung outboard?

About 12 m at crane position (Port side) / about 22 m at crane position (STBD side)

 

21. SPECIAL FACILITIES.

 

	 	21.1.	How many grades can be segregated?	1
	 	21.2.	How many cooled simultaneously?	1

 

	 	21.3.	Can vessel sail with slack cargo tanks?	:  No
	 	 	Minimum permissible upper sloshing limit above 70% of tank height and maximum permissible lower sloshing limit below 2.75m of tank height 

 

    	 	87	 

     

    

 

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

 

Schedule 2 - Lessee's
Changes to Vessel Specifications and Costs

 

	Vessel Specification

Amendment	 	Cost to be paid by Lessee	 	Deadline
	Hard arms for discharging LNG from the Shuttle Tanker to the Vessel (approximate specifications of which are set out in Annex C to this Schedule 2)	 	USD *****	 	16 February 2015
	Minimum Send Out Compressor(further details of which are set out in Annex A and B to this Schedule 2)	 	USD *****	 	4 November 2014

 

Hard Arms Optional
Change Cancellation Fee:

 

Where this Agreement
provides for the payment by Lessee of a cancellation fee in respect of the Hard Arms Optional Change, the cancellation fee shall
be assessed as a percentage of the total hardware cost; being EUR *****, depending on the date of payment of such cancellation
fee as follows:

 

	
        Months after Order
        

        (up to)
	 	
        Cancellation Fee 

        (% of hardware cost)

	1 month	 	*****
	2 months	 	*****
	3 months	 	*****
	4 months	 	*****
	5 months	 	*****
	6 months	 	*****

 

MSO Optional Change
Cancellation Fee:

 

Where this Agreement
provides for the payment by Lessee of a cancellation fee in respect of the MSO Optional Change, the cancellation fee shall be the
amount set out in Annex A, Section 1.4 to this Schedule 2.

 

 

    	 	88	 

     

    

 

Annex A 

 

    	 	89	 

     

    

 

Annex B 

 

    	 	90	 

     

    

 

Annex C 

 

    	 	91	 

     

    

 

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

 

Schedule 3 - Insurance

 

Pursuant to Clauses 22.5 and 23, Owner
shall procure, maintain and pay for the following insurances (as applicable):

 

		1.	MARINE HULL INSURANCE

 

Hull & Machinery and Hull
Interest insurances on the Vessel, against marine and war risks, shall be provided with insured values equal to those normally
carried by Owner for the Vessel.

 

		2.	PROTECTION AND INDEMNITY INSURANCE

 

P&I insurance with coverage
equivalent to the cover provided by members of the International Group of Protection and Indemnity associations with a limit of
cover no less than ***** Dollars (USD *****) for any one event.

 

The cover shall include:

 

		2.1	liability for collision and damage to fixed and floating objects to the extent not covered by the
insurance in Paragraph 1 above; and

 

		2.2	liability for loss or damage to inventory of LNG and Gas (but not Permitted Gas Loss).

 

		3.	GENERAL THIRD PARTY LIABILITY INSURANCE

 

To the extent not covered by
the insurance in Paragraph 2 above, coverage shall be for:

 

		3.1	Bodily injury: ***** Dollars (USD *****) per occurrence.

 

		3.2	Property damage: ***** Dollars (USD *****) per occurrence.

 

		4.	WORKMENS' COMPENSATION AND EMPLOYER’S LIABILITY INSURANCE FOR EMPLOYEES

 

To the extent not covered in
the insurance in Paragraph 2 above, covering Owner’s employees and other persons for whom Owner is liable as employer pursuant
to applicable Law for statutory benefits as set out and required by local Law in the area of operation or the area in which Owner
may become legally obliged to pay statutory benefits.

 

		5.	COMPREHENSIVE GENERAL AUTOMOBILE LIABILITY INSURANCE

 

Covering all owned, hired and
non-owned vehicles, coverage shall be for:

 

		5.1	Bodily injury, according to the local Law; and

 

		5.2	Property damage, in an amount equivalent to ***** Dollars (USD *****) single limit per occurrence.

 

 

    	 	92	 

     

    

 

		6.	SUCH OTHER INSURANCES AS MAY BE AGREED BETWEEN THE PARTIES

 

Loss of Hire insurance to cover
one hundred and eighty (180) days' to cover periods when the Vessel is Off-Hire under the terms of this Agreement.

 

    	 	93	 

     

    

 

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

 

Schedule 4 –
Start-Up and Performance Tests 

 

		(a)	Owner and Lessee shall agree the scope and procedures of the Start-Up and Performance Tests no
later than ***** days prior to the Delivery Due Date.

 

		(b)	The Regas Tests to be agreed between the Parties shall include (but are not limited to):

 

		(i)	the testing of the safety system onboard the Vessel and ship-shore/Jetty interfaces for safety
systems; and

 

		(ii)	the testing of the Regas Trains, including:

 

		(1)	start-up of each Regas Train, to be conducted one Regas Train at a time, and to be operating in
the range of thirty-eight to one hundred per cent (38-100%);

 

		(2)	individual operation of each Regas Train at thirty-eight per cent (38%) capacity for one (1) hour
and at one hundred per cent (100%) capacity for two (2) hours;

 

		(3)	operation of Regas Trains in combination, including ramp-up (from zero to minimum capacity, and
from minimum capacity to maximum capacity) and ramp-down;

 

		(4)	simultaneous operation of trains at one hundred per cent (100%) capacity for two (2) hours; and

 

		(5)	measurement of sea water intake temperature.

 

		(c)	The Regas Tests shall be deemed to have been passed if the rate of actual discharge of regasified
LNG measured during the Regas Tests is equal to or greater than the Guaranteed Regas Rate for a continuous period of two (2) hours
and at sixty five to eighty five (65-85) barg.

 

    	 	94	 

     

    

 

Schedule 5 - Certificate
of Acceptance

 

CERTIFICATE OF ACCEPTANCE FOR

 

[insert FSRU Name] IMO number [insert
IMO number] (the "FSRU")

 

The [insert FSRU Name] (IMO number [insert
IMO number]) ("FSRU") was accepted by Sociedad Portuaria El Cayao S.A. E.S.P. ("SPEC") on [insert
Vessel Acceptance Date] in accordance with the agreement dated [insert date of International Leasing Agreement] made between SPEC
and Höegh LNG FSRU IV Ltd. (the "Agreement").

 

Place of Acceptance: [●]

 

Delivery Date: [●]

 

Delivery Time: [●] (local time, Cartagena,
Colombia)

 

Testing Fuel Quantity: [●]

 

Quantity of marine diesel oil on board
the FSRU at the Delivery Time: [●]

 

Specification of marine diesel oil on board
the FSRU at the Delivery Time: [●]

 

The quantity and specification of marine
diesel oil on board FSRU upon the Delivery Date shall be the "Bunkers at Delivery", as defined in the Agreement.

 

	FOR SPEC:	 	FOR Höegh LNG FSRU IV Ltd.:
	 	 	 	 	 
	By:	 	 	By:	 
	 	 	 	 	 
	Title:	 	 	Title:	 
	 	 	 	 	 
	Date:	 	 	Date:	 
	 	 	 	 	 
	Witnessed by:	 	 	Witnessed by:	 
	 	 	 	 	 
	Title:	 	 	Title:	 
	 	 	 	 	 
	Date:	 	 	Date:	 

 

    	 	95	 

     

    

Schedule 6 –
Höegh Performance Guarantee 

 

[Note: HLNG to provide legal opinion
from local counsel in jurisdiction of incorporation of Guarantor confirming the enforceability of this guarantee against the Guarantor]

 

THIS
DEED OF GUARANTEE AND INDEMNITY (this "Deed") is made on .............................201[·]

 

BETWEEN:

 

(1)         [HÖEGH
LNG HOLDINGS LTD., a company registered in [Bermuda] with company number [·]
having its registered office at [·]]
OR [HÖEGH LNG PARTNERS LP, a limited partnership registered in [the Marshall Islands] with number [·]
having its registered office at [·]]
(the "Guarantor"); and 

 

(2)         SOCIEDAD
PORTUARIA EL CAYAO S.A. E.S.P., a company organised and existing under the laws of Colombia having its registered office at
Calle 66 No. 67-123, Barranquilla, Colombia ("SPEC"),

 

(each a "Party" and together
the "Parties").

 

RECITALS [Note: recitals to be updated
in Höegh LNG Partners LP guarantee]

 

(A)         Pursuant
to an FSRU International Leasing Agreement entered into on or about the date of this Deed (the "FSRU ILA") between
SPEC and Höegh LNG FSRU IV Ltd., a company incorporated and existing under the laws of the Cayman Islands with its registered
office at Clifton House, 75 Fort Street, P.O. Box 1350, Grand Cayman KY1-1108, Cayman Islands ("Owner"), Owner
has agreed to let the Vessel to SPEC.

 

(B)         Pursuant
to an FSRU Operation and Services Agreement entered into on or about the date of this Deed (the "FSRU OSA") between
SPEC and the Guarantor, the Guarantor has agreed to provide certain operation and maintenance services in relation to the Vessel
to SPEC.

 

(C)         The
Guarantor intends to novate its rights and obligations under the FSRU OSA to a new special purpose entity formed under the laws
of Colombia which will be a wholly-owned subsidiary of a member of the Höegh LNG Group (as defined in the FSRU OSA) (such
novatee, the "Contractor").

 

(D)         In
this Deed, the FSRU ILA and, following the novation of the Guarantor's rights and obligations under the FSRU OSA to the Contractor,
the FSRU OSA are together referred to as the "Relevant Agreements", and any reference to the Relevant Agreements
shall be to either one or both of them as the context may require.

 

(D)         The
Guarantor has agreed to guarantee to SPEC the performance by Owner and, following the novation of the Guarantor's rights and obligations
under the FSRU OSA to the Contractor, Contractor (together, the "Höegh Contractors" and any reference to
the Höegh Contractors shall be to either one or both of them as the context may require) of all their respective obligations
and liabilities under the Relevant Agreements on the terms of this Deed.

 

    	 	96	 

     

    

 

THE PARTIES AGREE AS FOLLOWS:

 

1.             DEFINITIONS
AND INTERPRETATION

 

1.1           In
this Deed, words and phrases commencing with capital letters will, unless a contrary intention appears or unless such words and
phrases are otherwise defined in this Deed, have the same meaning ascribed to them under the Relevant Agreements.

 

1.2           In
the event of any conflict between the Relevant Agreements and this Deed, this Deed will prevail.

 

2.             GUARANTEE
AND INDEMNITY

 

2.1           The
Guarantor guarantees to SPEC that each of the Höegh Contractors shall duly perform all of its obligations contained in the
Relevant Agreements (the "Obligations"). If either of the Höegh Contractors shall in any respect fail to
perform its respective obligations under the Relevant Agreements (subject to the terms and conditions provided therein) or shall
commit any breach thereof, the Guarantor undertakes to perform said obligations under the Relevant Agreements. When the Guarantor
renders performance as described herein, the relevant Höegh Contractor shall be released and discharged from performance under
the Relevant Agreements to the extent that such obligations and liabilities have been discharged by the Guarantor hereunder.

 

2.2           The
Guarantor agrees that if, for any reason, any amount claimed under this Deed is not recoverable solely on the basis of a guarantee,
the Guarantor will, as principal obligor and as separate and independent obligations and liabilities from its obligations and liabilities
under clause 2.1, indemnify SPEC against all loss, debt, damage, interest, liability, cost and expense (including reasonable legal
expenses) incurred or suffered by SPEC by reason of a failure by the Höegh Contractors to perform any or all of the Obligations
when they are due and performable. The amount payable by the Guarantor under this indemnity shall not exceed the amount it would
have had to pay under this Deed if the amount claimed in respect of such breach or non-performance had been recoverable on the
basis of a guarantee.

 

2.3           For
the purposes of this Deed, any money judgment, arbitrator's award or expert's decision against the Höegh Contractors in favour
of SPEC under or in connection with the Relevant Agreements shall be conclusive evidence of any liability of the Höegh Contractors
to which that judgment, award or decision relates and the Guarantor agrees to satisfy and discharge any money judgment, arbitrator's
award or adjudicator's decision made against the Höegh Contractors in favour of SPEC.

 

[2.4          The
Guarantor agrees and acknowledges that the guarantee in clause 2.1 and the indemnity in clause 2.2 shall apply to any breach by
the Höegh Contractors of the Relevant Agreements that may arise on or after the date of release of the guarantee provided
by Höegh LNG Holdings Ltd and also any liability that may arise on or after the date of such release from any breach by the
Höegh Contractors of the Relevant Agreements committed before the date of such release.] [Note: to be included in Höegh
LNG Partners LP guarantee]

 

    	 	97	 

     

    

 

3.             PRESERVATION
OF RIGHTS

 

3.1           The
obligations of the Guarantor under this Deed are in addition to and independent of any other security which SPEC may at any time
hold in respect of the Obligations.

 

3.2           The
Guarantor's guarantee and undertakings hereunder shall be unconditional and irrevocable, and without prejudice to the generality
of the foregoing, the Guarantor shall not be released or discharged from its liability hereunder by:

 

(a)           any
waiver or forbearance by SPEC of or in respect of any of the Höegh Contractors' obligations under the Relevant Agreements
whether as to performance or otherwise howsoever, or by any failure by SPEC to enforce the Relevant Agreements or this instrument;
or

 

(b)           any
alteration to, addition to, or deletion from the Relevant Agreements or the scope of work to be performed under the Relevant Agreements;
or

 

(c)           any
change in the shareholding relationship between the Guarantor and the Höegh Contractors; or

 

(d)           any
other fact, circumstance, act, event, omission or provision of statute or law or otherwise which but for this clause might operate
to discharge, impair or otherwise affect any of the obligations of the Guarantor under this Deed or any of the rights, powers or
remedies conferred on SPEC by this Deed or by law,

 

and the Guarantor's guarantee and undertakings
hereunder shall continue in force until all the Höegh Contractors' obligations under the Relevant Agreements and all of the
Guarantor's obligations hereunder have been duly performed[, or this Deed is released by SPEC in accordance clause 12.12(c) of
the FSRU ILA] [Note: to be included in Hoegh LNG Holdings guarantee only].

 

3.3           Notwithstanding
any other provision of this Deed the obligations guaranteed by the Guarantor and the liability of the Guarantor under this Deed
shall not exceed the liability of the Höegh Contractors under the Relevant Agreements.

 

3.4           Subject
to clause 2.3, the Guarantor shall be entitled to exercise all of the contractual protections, limitations and exclusions of liability
in respect of any claim made hereunder as are available to the Höegh Contractors under the Relevant Agreements.

 

4.             CLAIM
LIMITATIONS

 

4.1           The
Guarantor must not (so long as the Höegh Contractors have any actual or contingent Obligations pursuant to the Relevant Agreements)
by reason of performance by it of its obligations under this Deed claim by the institution of proceedings or the threat of proceedings
or otherwise (whether on the basis of an indemnity or otherwise) any sum from the Höegh Contractors, where and to the extent
that such claim:

 

(a)           would
lead to the insolvency of the Höegh Contractors, or either of them, or place either of the Höegh Contractors at material
risk of becoming insolvent; or

 

(b)           would
otherwise materially affect the ability of the Höegh Contractors, or either of them, to perform their obligations under the
relevant Agreements.

 

    	 	98	 

     

    

 

5.             RECOURSE
IN ACCORDANCE WITH RELEVANT AGREEMENTS

 

5.1           Notwithstanding
the provisions of clause 2.3, SPEC shall be entitled to make a claim under this Deed in accordance with clause 12.6(c) of the FSRU
ILA or clause 9.6(c) of the FSRU OSA or otherwise if either of the Höegh Contractors has failed to perform any other obligation
under the Relevant Agreements.

 

5.2           SPEC
will not be obliged, before enforcing any of its rights or remedies conferred upon it by this Deed or by law, to take any step
or action, including (without limitation):

 

(a) the taking of any legal proceedings
or action or the obtaining of any judgment against the Höegh Contractors in any court, arbitration, determination or adjudication;

 

(b) the making or filing of any claim in
bankruptcy, liquidation, winding up or dissolution of the Höegh Contractors; or

 

(c) the pursuance or exhaustion of any
other right or remedy against the Höegh Contractors,

 

and the liabilities of the Guarantor under
this Deed may be enforced as set out in clause 5.1 irrespective of whether any legal proceedings are being or have been taken against
the Höegh Contractors.

 

6.             CONTINUING
OBLIGATION

 

This Deed is a continuing guarantee and
will remain in full force and effect until each and every part of the Obligations have been discharged and performed in full [or
this Deed is released by SPEC in accordance clause 12.12(c) of the FSRU ILA] [Note: to be included in Hoegh LNG Holdings
guarantee only]

 

7.             REINSTATEMENT

 

If the Guarantor is discharged or released
in any way as a result of any payment or performance by the Höegh Contractors or any other person which is set aside under
insolvency legislation or for any other reason, the Guarantor's liability hereunder shall be reinstated as if such payment or performance
had not occurred.

 

8.             NO
WITHHOLDING TAX

 

All payments made by the Guarantor under
this Deed must be made in full without deduction or withholding for or on account of any Taxes. If any deduction or withholding
from any payment is required by law then, to the extent that such deduction or withholding would not be required if such payment
were made by the Höegh Contractors under the Relevant Agreements, the Guarantor will promptly pay to SPEC an additional amount
being the amount required to procure that the aggregate net amount received by SPEC will equal the full amount which would have
been received by it had no deduction or withholding been made.

 

9.             WARRANTIES

 

The Guarantor represents and warrants to
SPEC that:

 

    	 	99	 

     

    

 

(a)            the
Guarantor is duly incorporated with the power to execute and perform the obligations under this Deed;

 

(b)            the
Guarantor's obligations under this Deed are valid, binding and enforceable at law;

 

(c)            the
Guarantor has taken all necessary corporate or other action to authorise the execution and performance of this Deed; and

 

(d)            the
execution and performance of this Deed will not contravene any law or regulation to which the Guarantor is subject or cause the
Guarantor to breach its constitutional documents or any other agreement which is binding on it.

 

10.           ASSIGNMENT

 

10.1         SPEC
may assign the benefit of, and its rights under, this Deed to any person to whom SPEC's rights and/or obligations under and in
accordance with the terms of the Relevant Agreements are assigned without having to obtain the consent of the Guarantor.

 

10.2         The
Guarantor may not assign, novate or transfer any of its rights or obligations under this Deed to any person without the prior written
consent of SPEC.

 

11.           THIRD
PARTY RIGHTS

 

A person who is not a Party to this Deed
has no rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of this Deed.

 

12.           PARTIAL
INVALIDITY AND SEVERANCE

 

If any provision is held to be void, invalid,
illegal or unenforceable, such provision shall be divisible from this Deed and shall be deemed to have been deleted without affecting
the remaining provisions of this Deed. If such deletion materially affects the interpretation of this Deed, the Parties shall seek
to agree a substitute provision which reflects the commercial intention of this Deed.

 

13.            GOVERNING
LAW 

 

This Deed and any dispute, controversy,
proceedings or claim of whatever nature arising out of or in any way relating to this Deed or its formation (including any non-contractual
disputes or claims), shall be governed by and construed in accordance with English law.

 

14.           ARBITRATION

 

14.1         Any
dispute, controversy or claim arising out of or in connection with this Agreement or its formation, including any non-contractual
disputes (a "Dispute") shall be determined by referral to arbitration in London, England, in accordance with the
Rules of the London Court of International Arbitration ("LCIA Rules"), as may be amended from time to time, by
a panel of three (3) suitably qualified arbitrators, fluent in English, familiar with the general principles of English law, and
experienced in arbitrations conducted under the LCIA Rules. Each Party

 

    	 	100	 

     

    

 

shall appoint one (1) arbitrator, and the
two (2) so appointed shall thereafter appoint the third arbitrator.

 

14.2         The
language of the arbitration shall be English. The arbitral panel shall issue its reasoned award in writing, and is authorized to
award costs and attorneys' fees to the prevailing Party as part of its award.

 

14.3         Any
award shall be binding and enforceable against the Parties in any court of competent jurisdiction, and the Parties hereby waive
any right to appeal such award on the merits or to challenge the award except on the grounds set forth in Article V of the United
Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards.

 

15.           NOTICES

 

15.1         All
demands and notices to be given under this Deed must be in writing and sent by hand or courier or prepaid first-class post or recorded
delivery or facsimile to the address of the relevant Party set out in clause 15.2 or such other address as that Party may by notice
in writing nominate for the purpose of service and:

 

(a)           any
demands or notices sent by prepaid first-class post or recorded delivery will be deemed (in the absence of evidence of earlier
receipt) to have been delivered at 9.00 a.m. on the second business day (which expression means a day (excluding Saturdays) on
which banks generally are open in the City of London for the transaction of normal banking business) after posting;

 

(b)           any
demands or notices sent by courier will be deemed to have been delivered on the date and at the time that the courier's delivery
receipt is signed; and

 

(c)           any
demands or notices sent by facsimile will be deemed to have been delivered on the date of dispatch.

 

15.2         Unless
notified otherwise, all demands and notices shall be addressed to the Parties as follows:

 

(a)           The
Guarantor:

 

Address:[·]

 

Facsimile:[·]

 

Attention:[·]

 

(b)          SPEC:

 

Address:[·]

 

Facsimile:[·]

 

Attention:[·]

 

    	 	101	 

     

    

 

16.           COUNTERPARTS

 

This Deed may be executed in any number
of counterparts, each of which when executed shall be an original, and all the counterparts together shall constitute one and the
same instrument. Any Party may enter into this Deed by executing a counterpart and this Deed shall not take effect until it has
been executed by all Parties.

 

IN WITNESS whereof this Deed has been executed
and delivered as a deed on the date first above written.

 

	Signed as a deed by	 
	 	 
	 	 

 

for and on behalf of SOCIEDAD PORTUARIA
EL CAYAO S.A. E.S.P. in the presence of:

 

Signature of witness

 

Name of witness

 

Address of witness

 

	Occupation of witness	 	 

 

[Note: Colombian counsel to confirm
execution block]

 

	Signed as a deed by	 
	 	 
	 	 

 

for and on behalf of [HÖEGH LNG
HOLDINGS LTD./ HÖEGH LNG PARTNERS LP] in the presence of:

 

Signature of witness

 

Name of witness

 

Address of witness

 

Occupation of witness

 

[Note: Bermudian/Marshall Islands
counsel to confirm execution block]

 

    	 	102	 

     

    

 

 

Schedule 7 – Novation Deed

 

DEED OF NOVATION

 

in respect of a [International Leasing Agreement][or][OSA]

 

for an LNG floating storage and regasification
vessel

 

[·]

 

(AS
Transferor)

 

AND

  

[·]

(AS
CONTINUING PARTY)

 

AND

 

[·]

 

(AS
Transferee)

 

    103

     

    

 

This deed of novation (the "Deed") is entered
into as a deed on the [·] day of [·],
201[4] BY AND BETWEEN:

 

		1.	[·], a company organised and existing under the laws of [·],
having its registered office at [·] (the "Transferor");
and

 

		2.	[·], a company organised and existing under the laws of [·],
having its registered office at [·] (the "Continuing Party");
and

 

		3.	[·], a company organised and existing under the laws
of [·], having its registered address at [·],
(the "Transferee").

 

(individually,
a "Party, and collectively, the "Parties").

 

WHEREAS:

 

		(A)	[·] and [·]
are parties to an international leasing agreement dated [·]
(the "ILA") for the lease of an LNG floating storage and regasification vessel (the "Vessel"),
pursuant to which [·] has agreed to let the Vessel to [·].

 

		(B)	[·] and [·]
are parties to an operation and services agreement dated [·]
(the "OSA"), pursuant to which [·] has agreed to perform operation and maintenance
services in relation to the Vessel.

 

		(C)	[The Transferor will or will procure the transfer of ownership of the Vessel under the ILA to the Transferee on or about the
date of this Deed.][Only where Transferor is the owner of the Vessel and for a novation of the ILA.]

 

		(D)	The Transferor wishes to be released from all its obligations and liabilities and to transfer all its rights under the [ILA][or][OSA]
to the Transferee, and the Continuing Party agrees to such release. The Transferee wishes to assume such obligations and liabilities.

 

		(E)	The Parties have agreed to the novation of the [ILA][or][OSA] and to the substitution of the Transferee as a
party to the [ILA][or][OSA] in the place of the Transferor, on the terms and subject to the conditions contained
in this Deed.

 

In consideration of the mutual undertakings
given by the Parties' and set forth herein, IT IS HEREBY AGREED:

 

		1.	Definitions

 

Capitalised terms used in this
Deed shall have the same meaning ascribed to them in the [ILA][or][OSA].

 

		2.	Novation

 

With effect from the date of
this Deed (such date to be the "Novation Date"):

 

		2.1	the Continuing Party hereby releases and discharges the Transferor (including, without limitation, in respect of any breach
of the [ILA][or][OSA] by the Transferor antecedent to the Novation Date) from all of the Transferor's obligations
and liabilities under or in connection with the [ILA][or][OSA], and from all claims and demands

 

    104

     

    

 

whatsoever arising under the
[ILA][or][OSA] on or after the Novation Date, and the Transferor hereby ceases to be a party to the [ILA][or][OSA];

 

		2.2	the Transferor hereby assigns all of its rights under or in connection with the [ILA][ or][OSA]
to the Transferee (including, without limitation, in respect of any breach of the [ILA][ or][OSA] by the Continuing
Party antecedent to the Novation Date), and releases and discharges the Continuing Party from all of its obligations and liabilities
to the Transferor under or in connection with the [ILA][or][OSA];

 

		2.3	the Transferee hereby agrees to assume and perform all of the obligations and liabilities from
which the Transferor is released and discharged pursuant to Clause 2.1 of this Deed (including, without limitation, in respect
of any breach of the [ILA][or][OSA] by the Transferor antecedent to the Novation Date) and to be bound by its terms
in all respects as if the Transferee had been named as a party thereto in place of the Transferor; and

 

		2.4	the Continuing Party hereby agrees with the Transferee to perform and assume the Continuing Party's
obligations and liabilities under or in connection with the [ILA][ or][OSA] and to be bound by its terms in every
way as if the Transferee had been named as a party to thereto in place of the Transferor (including, without limitation, in respect
of any breach of the [ILA][ or][OSA] by the Continuing Party prior to the Novation Date..

 

		3.	Representations and warranties

 

Each of the Parties represents
and warrants to each other that:

 

		3.1	it is a legal entity duly organised and validly existing under the Laws of the jurisdiction of
its formation and that has the corporate power and authority to enter into and to perform its obligations under this Deed and (in
relation to the Continuing Party and the Transferee only) under the [ILA][or][OSA];

 

		3.2	its execution, delivery, and performance of this Deed have been authorised by all corporate action
on its part, and do not and will not:

 

		(a)	contravene any Law of any Governmental Authority having jurisdiction over the Parties;

 

		(b)	violate its constitutional documents; or

 

		(c)	conflict with or result in any breach of any terms of, or constitute a default under, any agreement
or other instrument to which any of the Parties are a party or their property is bound; and

 

		3.3	this Deed and, in relation to the Continuing Party and the Transferee only, the [ILA][or][OSA],
is each its legal and binding obligation enforceable in accordance with its respective terms, except to the extent enforceability
is modified by bankruptcy, reorganisation and other similar Laws affecting the rights of creditors generally and by general principles
of equity.

 

		4.	Miscellaneous

 

    105

     

    

 

		4.1	If any term or provision in this Deed is or becomes illegal, invalid or unenforceable in whole
or in part, under any Law or any jurisdiction, then such term or provision or part shall to that extent be deemed not to form part
of this Deed and the enforceability of the remaining provisions of this Deed shall not be affected or impaired in any way.

 

		4.2	This Deed may be entered into in any number of counterparts, each of which when executed and delivered
shall be an original, but all the counterparts shall together constitute one and the same instrument.

 

		4.3	Confidentiality

 

		(a)	[Clause 32 (Confidentiality) of the ILA][or][Clause 34 (Confidentiality) of the OSA]
shall form part of this Deed and shall be treated as if set out in full herein.

 

		(b)	The existence and terms of this Deed shall be treated as Confidential Information for the purposes
of the [ILA][or][OSA] .

 

		[5.	Guarantee [Where Transferor is the Owner/Contractor
under the ILA/OSA]

 

		5.1	The terms of this Deed are conditional upon the Transferee having procured on or before the execution
of this Deed the delivery to the Continuing Party of a guarantee substantially in the form set out in Schedule 6 of the ILA issued
by an entity which meets credit requirements which are substantially equivalent to the HPG Credit Tests.

 

		5.2	Promptly following execution of this Deed the Transferee shall provide to the Continuing Party
a legal opinion in form and substance satisfactory to the Continuing Party relating to the enforceability of the guarantee referred
to in Clause 5.1, the power and authority of the guarantor to enter into and perform the guarantee, and due execution by the guarantor
of the guarantee.]

 

[or]

 

		[5.	Performance Security [Where Transferor is the Lessee/Customer
under the ILA/OSA]

 

		5.1	The terms of this Deed are conditional upon the Transferee having procured on or before the execution
of this Deed the delivery to the Continuing Party of performance security substantially equivalent to the Lessee Performance Security
equal to the Lessee Performance Security Value.]

 

		6.	Notices

 

For the purposes of the [ILA][or][OSA],
the Transferee's address for notices shall be as follows:

 

		Address:	[·]

 

		Fax No.:	[·]

 

		For the attention of:	[·]

 

		7.	Governing Law

 

		7.1	This Deed, and any dispute, controversy, proceedings or claim of whatever nature arising out of
or in any way relating to it or its formation (including any

 

    106

     

    

 

non-contractual disputes or
claims), shall be governed by and construed in accordance with English law.

 

		7.2	Any dispute arising under or in connection with this Deed, including the validity or enforceability
hereof, shall be referred to arbitration in London in accordance with the Arbitration Act 1996 and the terms of the London Court
of International Arbitration (LCIA) current at the date of commencement of arbitration proceedings.

 

    107

     

    

 

IN WITNESS whereof this Deed has
been executed and delivered as a deed on the date first above written.

 

	Signed as a deed by...............................	)	 	 
	for and on behalf of:	)	 	 
	 	)	 	 
	in the presence of a witness:	)	 	 
	Name of witness:	 	 	 
	Address of witness:	 	 	 
	 	 	 	 
	 	 	 	 
	Signed as a deed by ..............................	)	 	 
	for and on behalf of:	)	 	 
	 	)	 	 
	in the presence of a witness:	)	 	 
	Name of witness:	 	 	 
	Address of witness:	 	 	 
	 	 	 	 
	 	 	 	 
	Signed as a deed by ..............................	)	 	 
	for and on behalf of:	)	 	 
	 	)	 	 
	in the presence of a witness:	)	 	 
	Name of witness:	 	 	 
	Address of witness:	 	 	 

 

    108

     

    

 

Schedule 8 - Approved Mortgagee's Direct
Agreement

 

		To:	[·] ("Lessee")

 

		Re:	[LNG floating storage and regasification vessel with
builder's hull no. 2551 (IMO No. [·]) (the "Vessel")

 

		1.	We refer to:

 

		(a)	the international leasing agreement dated [·] between [Owner]
as owner of the Vessel ("Owner") and [Lessee] as Lessee of the Vessel ("Lessee"), under which
Owner agreed to let the Vessel to Lessee on the terms and conditions set out therein (the "Agreement"); and

 

		(b)	the senior secured term loan credit facility dated [·] between
[Owner] as borrower and [·] as lenders (the "Lenders"),
under which the Lenders agreed to loan certain sums to [Owner] (the "Credit Facility").

 

	2.	(a)	In consideration of Lessee signing
the acknowledgement to the notice of assignment given by Owner to Lessee of Owner's assignment to the Lenders by way of security
of its rights under the Agreement, and subject always to Lessee complying in all respects with its commitments under the Agreement,
we, as mortgagee of the Vessel and on behalf of the Lenders (the "Mortgagee"), hereby agree and undertake that
we shall not, directly or through the actions of others, take any action which may interfere directly or indirectly with or otherwise
disturb Lessee's exclusive, quiet and peaceful use, possession, employment and enjoyment of the Vessel in accordance with the terms
of the Agreement and that Lessee will be allowed unfettered use of the Vessel in accordance with the terms of the Agreement.

 

		(b)	The commitments in Paragraph 2(a) do not extend to committing the Mortgagee to preserving Lessee's
quiet enjoyment of the Vessel if: (i) Lessee has breached the terms of the Agreement; and (ii) such breach entitles Owner under
the terms of the Agreement to withdraw the Vessel from service or otherwise terminate the Agreement, whether or not Owner has exercised
its right to terminate the Agreement.

 

		3.	Further, the Mortgagee also hereby agrees and undertakes that if an Event of Default (as that term
is defined in the Credit Facility) has occurred and is continuing, except in the circumstance described Paragraph 2(c) above, the
Mortgagee will not exercise any rights it may have against the Vessel, except as provided below.

 

Lessee agrees that if:

 

		(a)	the Mortgagee notifies Lessee that an Event of Default (as that term is defined in the Credit Facility)
has occurred and is continuing and that either the Mortgagee or its designee wants to assume Owner's rights, obligations and liabilities
under the Agreement and be substituted for Owner under the Agreement (the "Substitute Owner"), which notice shall
give Lessee details of the Substitute Owner, and

 

		(b)	the Substitute Owner is an entity which has the financial and technical capacity to perform Owner's
obligations under the Agreement,

 

    109

     

    

 

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

 

then if (x) Lessee approves
of the Substitute Owner in writing, which approval may not be unreasonably withheld, and shall be deemed given if not disapproved
in writing by Lessee within ***** days after such notice, and (y) the Substitute Owner agrees that the assumption of obligations
and liabilities by the Substitute Owner shall include all of the Owner's obligations and liabilities under the Agreement to the
fullest extent they remained unperformed or unpaid at the time of assumption (including any obligations in respect of the Purchase
Option (as such term is defined in the Agreement)), the Lessee shall enter into a novation agreement (in form and substance satisfactory
to Lessee) with Owner and Substitute Owner in relation to the Agreement and, following such novation, Lessee shall continue to
perform Lessee's obligations under the Agreement in favour of the Substitute Owner.

 

		4.	Nothing in this letter shall create any additional obligations or liabilities on Lessee under the
Agreement and nothing in this letter shall modify or limit any of Lessee's rights or benefits under the Agreement.

 

		5.	This letter and any dispute, controversy, proceedings or claim of whatever nature arising out of
or in any way relating to this letter or its formation (including any non-contractual disputes or claims) shall be governed by
and construed in accordance with English law, and any dispute relating to it shall be subject to arbitration in accordance with
the procedures set forth in the Agreement.

 

For and on behalf of

 

[·],

 

as Administrative Agent and Security Agent/Mortgagee

 

	By:	 	 
	 	 	 
	Name:	 	 
	 	 	 
	Title:	 	 

 

In consideration for the Agreement, and for other good and valuable
consideration, the receipt of which is hereby acknowledged, we hereby agree to the terms set out above and hereby consent to, and
agree to be bound by, the foregoing letter.

 

For and on behalf of

 

[LESSEE]

 

	By:	 	 
	 	 	 
	Name:	 	 
	 	 	 
	Title:	 	 

 

    110

     

    

 

NOTICE OF ASSIGNMENT TO BE GIVEN TO
THE LESSEE

 

(Attachment 1)

 

		To:	[Lessee]

 

		Re:	Vessel I

 

We refer to the international leasing agreement dated [·]
and together with all amendments and addenda thereto (hereinafter called the "Agreement") and made between Owner
(the "Owner") and [Lessee] (the "Lessee"), relating to the vessel called [·]
with an IMO No: [·] (the "Vessel"). Capitalized
terms used in this Notice of Assignment without definition shall have the meanings assigned to them in the Agreement.

 

We hereby give you notice of the following and you by your
execution and delivery of this Notice and Consent to Assignment (this "Consent") hereby agree to the following:

 

		1.	That by an Assignment dated ________________________ made between the Owner and the Assignee referred
to therein, the Owner has assigned to the Assignee all of its rights, title and interest to and in the Agreement and any moneys
whatsoever payable to the Owner under the Agreement or as a consequence of the variation or termination thereof.

 

		2.	That the Lessee is hereby irrevocably authorised and instructed to pay such moneys as aforesaid
to [·] (Swift:__________), For account of: [·]
Account No. __________, Ref: Vessel I (or at such other place as the Assignee may from time to time direct).

 

		3.	Owner shall remain liable to perform all its obligations under the Agreement and the Assignee shall
not be under any obligation under the Agreement, but should the Assignee exercise its right to perform, or cause performance by
its nominee or designee of, Owner’s obligations under the Agreement, Lessee agrees, without thereby releasing Owner from
its obligations under the Agreement, to accept such performance.

 

		4.	Lessee consents to the Assignment, and agrees that it will make payment of all moneys due and to
become due under the Agreement, without setoff or deduction for any claim not arising under the Agreement, direct to the account
set forth in Paragraph 2 hereof, and otherwise if the Assignee has given you a written notice, to such account specified by the
Assignee at such address as the Assignee shall request the undersigned in writing, in each case until receipt of written notice
from the Assignee that all obligations of the Owner to it have been paid in full.

 

		5.	Lessee may rely on any written notice given by the Assignee to it as being properly given under
the terms of the Assignment and this Consent, even if Owner notifies Lessee that such written notice is not validly given.

 

		6.	Lessee’s acknowledgement and consent hereunder, and its agreements herein contained, are
for the benefit of the Assignee and shall be enforceable by the Assignee.

 

		7.	The authority and instructions herein contained cannot be revoked or varied by the Owner without
the consent of the Assignee.

 

    111

     

    

 

In consideration of the Lessee
acknowledging and agreeing to the terms of this Notice of Assignment, and subject to:

 

		(a)	the Lessee complying with its obligations under the Agreement;

 

		(b)	the Lessee signing and returning a consent and agreement in the form attached to this Notice of
Assignment,

 

neither the Assignee nor its
successors will prejudice in any way disturb or interfere with the Lessees quiet and peaceful use, possession and enjoyment of
the Vessel and the Assignee and its successors will allow Lessees unfettered use of the Vessel in accordance with the terms and
conditions of the Agreement.

 

For and on behalf of

 

OWNER

 

	By:	 	 
	 	 	 
	Name:	 	 
	 	 	 
	Title:	 	 

 

In consideration for the Agreement, and
for other good and valuable consideration, the receipt of which is hereby acknowledged, we hereby agree to the terms set out above
and hereby consent to, and agree to be bound by, the foregoing Notice and Consent to Assignment.

 

For and on behalf of

 

LESSEE

 

	By: 	 	 
	 	 	 
	Name:	 	 
	 	 	 
	Title:	 	 

 

    112

     

    

 

Schedule 9 – Amended Terms applicable
to the Alternative Term Option

 

1.            A
new definition of "Basic Standby Rate" shall be added to Clause 1.1 as follows:

 

""Basic Standby
Rate" has the meaning ascribed in Clause 4.5(c)(ii);"

 

2.            The
definition of "Daily Hard Arms Reimbursement" shall be deleted in its entirety.

 

3.            The
definition of "Daily MSO Reimbursement" shall be deleted in its entirety.

 

4.            The
definition of "Daily Reimbursement Amounts" shall be deleted in its entirety and replaced with the following:

 

""Daily Reimbursement
Amounts" means any one or more of the following (as the context requires):

 

(a)          the
Daily Standby Rate Reimbursement;

 

(b)          the
Daily Accrued Hire Reimbursement; and

 

(c)          the
Daily Pre-VAD LOC Reimbursement;"

 

5.            The
definition of "First Early Termination Date" shall be deleted in its entirety and replaced with the following:

 

""First Early
Termination Date" means the date falling five (5) years from the Vessel Acceptance Date minus:

 

(a)          the
aggregate number of days on which Lessee pays the Full Standby Rate (if any); and

 

(b)          the
aggregate number of days on which Lessee pays the Deemed Rate (if any);"

 

6.            A
new definition of “Full Standby Rate” shall be added as follows:

 

""Full Standby
Rate" has the meaning ascribed in Clause 4.5(c)(i);"

 

7.            The
definition of "Hard Arms Optional Change" shall be deleted in its entirety.

 

8.            The
definition of "Hard Arms Optional Change Amount" shall be deleted in its entirety.

 

9.            The
definition of "Hard Arms Option Change Settlement Amount" shall be deleted in its entirety.

 

10.          The
definition of "Lessee Performance Security Value" shall be deleted in its entirety and replace with the following:

 

    113

     

    

 

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

 

"Lessee Performance
Security Value" means:

 

(a)          in
the case that Lessee has exercised the Alternative Term Option on or before 30 January 2015, ***** Dollars (USD *****); or

 

(b)          in
the case that Lessee has exercised the Alternative Term Option after 30 January 2015, ***** Dollars (USD *****);"

 

11.          The
definition of "MSO Optional Change" shall be deleted in its entirety.

 

12.          The
definition of "MSO Optional Change Amount" shall be deleted in its entirety.

 

13.          The
definition of "MSO Optional Change Settlement Amount" shall be deleted in its entirety.

 

14.          The
definition of "Pre-VAD Lessee LOC Value" shall be deleted in its entirety and replaced with the following:

 

"Pre-VAD Lessee LOC
Value" means:

 

(a) if Lessee has served a
Delay Notice, the applicable Standby Rate (as elected by Lessee) multiplied by one hundred and fifty two (152) days; or

 

(b) if Lessee has not served
a Delay Notice, ***** Dollars (USD *****) multiplied by one hundred and fifty two (152) days;

 

15.          The
definition of "Second Early Termination Date" shall be deleted in its entirety and replaced with the following:

 

""Second Early
Termination Date" means the date falling five (5) years after the First Early Termination Date;"

 

16.          Clause
3.3 shall be deleted in its entirety and replaced with the following:

 

"Early Termination Option

 

(a)          Each
Party shall have the option to terminate this Agreement with effect from the First Early Termination Date by giving the other Party
written notice of its intention to do so by no later than ***** months prior to the First Early Termination Date.

 

(b)          Each
Party shall have the option to terminate this Agreement with effect from the Second Early Termination Date by giving the other
Party written notice of its intention to do so by no later than ***** months prior to the Second Early Termination Date.

 

(c)          Notwithstanding
the foregoing, in the event that Lessee notifies Owner within not less than ***** months after the Vessel Acceptance Date, that
it waives its right to exercise the option to terminate this Agreement with effect from the First Early Termination Date pursuant
to Clause 3.3(a), Owner shall also lose its right to exercise

 

    114

     

    

 

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

 

the option to terminate this
Agreement with effect from the First Early Termination Date pursuant to Clause 3.3(a).

 

(d)          Exercise
of either early termination option under this Clause 3.3 shall not nullify the Purchase Option. If either early termination option
under this Clause 3.3 is exercised, Lessee shall maintain its right to exercise the Purchase Option on the basis on the terms set
out in Clause 5."

 

17.          Clauses
4.3(b) and 4.3(c) shall be deleted in their entirety.

 

18.          Clause
4.5(b) shall be deleted in its entirety and replaced with the following:

 

"Lessee shall have the
option to delay the Delivery Due Date by giving notice to Owner in writing at any time prior to 1 June 2015 (a "Delay Notice").
If Lessee serves the Delay Notice, the revised Delivery Due Date shall be determined in accordance with the following narrowing
window mechanism:

 

(a)          the
revised Delivery Due Date shall fall in the period between 2 June 2016 and 1 November 2016 ("Window 1");

 

(b)          no
later than 11 January 2016, Lessee shall notify Owner of a ***** day period, which shall fall entirely within Window 1, within
which the Delivery Due Date shall fall ("Window 2"). If Lessee fails to provide such notice, Window 2 shall be
the ***** day period ending on the last day of Window 1;

 

(c)          no
later than ***** days prior to the commencement of Window 2, Lessee shall notify Owner of a ***** day period, which shall fall
entirely within Window 2, within which the Delivery Due Date shall fall ("Window 3"). If Lessee fails to provide
such notice, Window 3 shall be the ***** day period ending on the last day of Window 2;

 

(d)          no
later than ***** days prior to the commencement of Window 3, Lessee shall notify Owner of the Delivery Due Date which shall be
a date falling within Window 3. If Lessee fails to provide such notice, the Delivery Due Date shall be the last day of Window 3."

 

19.          Clause
4.5(c) shall be deleted in its entirety and replaced with the following:

 

"(c)          If
Lessee serves a Delay Notice, Lessee shall, at the time of giving written notice to Owner of Window 2 pursuant to Clause 4.5(b)(ii),
elect to pay to Owner a daily standby hire rate equal to the amount specified under either Clause 4.5(c)(i) or Clause 4.5(c)(ii):

 

(i)          *****
Dollars (USD *****) if Lessee exercises the Alternative Term Option pursuant to Clause 3.4 after 30 January 2015 or ***** Dollars
(USD *****) if Lessee exercises the Alternative Term Option pursuant to Clause 3.4 on or before 30 January 2015 (the "Full
Standby Rate");

 

    115

     

    

 

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

 

(ii)         *****
Dollars (USD *****) if Lessee exercises the Alternative Term Option pursuant to Clause 3.4 after 30 January 2015 or ***** Dollars
(USD *****) if Lessee exercises the Alternative Term Option pursuant to Clause 3.4 on or before 30 January 2015 (the "Basic
Standby Rate"),

 

(in either case, the Full Standby
Rate and/or the Basic Standby Rate (whichever is elected by Lessee) are referred to as the "Standby Rate") in
accordance with Clause 4.7(d). The aggregate total amount which Lessee becomes obliged to pay pursuant to this Clause 4.5(c) shall
be the "Standby Hire" and shall be an amount equal to:

 

Standby Rate x N

 

Where N is the number of days
between 1 June 2016 and the Delivery Due Date.

 

The obligation of Lessee to
pay the Standby Hire as provided in this Agreement (and without prejudice to any remedies Owner may have under this Agreement arising
from the failure of Lessee to pay such Standby Hire as provided in this Agreement) shall represent Owner's sole and exclusive remedy
for Lessee delaying the Delivery Due Date in accordance with Clause 4.5(b)."

 

20.          Clause
4.7(d) shall be amended by deleting the words "***** Dollars (USD *****)" and replacing them with:

 

(a)          in
the case that Lessee has exercised the Alternative Term Option on or before 30 January 2015, "***** Dollars (USD *****)";
or

 

(b)          in
the case that Lessee has exercised the Alternative Term Option after 30 January 2015, "***** Dollars (USD *****)".

 

21.          Clause
11.1(b) shall be deleted in its entirety and replaced with the following:

 

"(b)          The
daily rate for the leasing of the Vessel (the "Rate") from the Vessel Acceptance Date shall be:

 

(i)          in
the case that Lessee has exercised the Alternative Term Option on or before 30 January 2015 ***** Dollars (USD *****) as adjusted
in accordance with Clause 4.7(c) (if applicable); or

 

(ii)         in
the case that Lessee has exercised the Alternative Term Option after 30 January 2015 ***** Dollars (USD *****) as adjusted in accordance
with Clause 4.7(c) (if applicable);"

 

22.          Clause
11.1(d) shall be deleted in its entirety.

 

23.          Clause
12.7(a) shall be deleted in its entirety and replaced with the following:

 

"(a)          Lessee
shall pay, and gross up Hire and/or, to the extent applicable, any payment in respect of Accrued Hire, Standby Hire and/or the
Pre-VAD Lessee LOC Costs (including any Daily Reimbursement Amounts) to account in full for, any

 

    116

     

    

 

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

 

Colombian withholding Taxes
on any payments made to Owner under this Agreement so that Owner will receive the same net amount as if no such withholding had
been required;"

 

24.          Clause
20.5(a)(ii) shall be deleted in its entirety.

 

25.          Clause
20.5(a)(iii) shall be deleted in its entirety.

 

26.          Clause
20.5(b)(ii) shall be deleted in its entirety.

 

27.          Clause
20.5(b)(iii) shall be deleted in its entirety.

 

28.          Clause
20.5(c)(i) shall be deleted in its entirety.

 

29.          Clause
20.5(c)(ii) shall be deleted in its entirety.

 

30.          Clause
20.5(d) shall be deleted in its entirety.

 

31.          Clause
26.2(c) shall be deleted in its entirety and replaced with the following:

 

"(c)          The
provisions of Clauses 26.2(a) and 26.2(b) shall not apply to any payments made under the indemnity provisions in Clause 22 and/or
clause 24 of the FSRU Operation and Services Agreement, or to the payment of Hire, Standby Hire and Accrued Hire earned by Owner
under this Agreement and/or the payment of any amounts in respect of the Pre-VAD Lessee LOC Costs and/or the payment of the Daily
Fee earned by Contractor under the FSRU Operation and Services Agreement."

 

32.          Schedule
2 (including Annexes A, B and C) shall be deleted in its entirety.

 

33.          Schedule
10 shall be deleted in its entirety and replaced with the following:

 

(a) In the case that Lessee has exercised
the Alternative Term Option after 30 January 2015:

 

	Daily Rate	US$ *****
	 	 
	N	240
	 	 
	Int. Rate % (monthly)	*****%
	 	 
	Loan	(*****)
	 	 
	Purchase Option %	*****%
	 	 
	Option @ year 5	$ *****
	 	 
	Option @ year 10	$ *****

 

    117

     

    

 

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

 

	 	 	Monthly Payments	 	 
	 	 	 	 	 	 	 	 	 
	 	 	US Dollars
	Month	 	Interest	 	Principal	 	Option	 	Payment
	1	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	2	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	3	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	4	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	5	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	6	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	7	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	8	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	9	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	10	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	11	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	12	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	13	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	14	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	15	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	16	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	17	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	18	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	19	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	20	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	21	 	$ *****	 	$ *****	 	 	 	$ *****

 

    118

     

    

 

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

 

	22	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	23	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	24	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	25	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	26	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	27	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	28	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	29	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	30	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	31	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	32	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	33	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	34	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	35	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	36	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	37	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	38	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	39	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	40	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	41	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	42	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	43	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	44	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	45	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 

 

    119

     

    

 

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

 

	46	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	47	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	48	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	49	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	50	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	51	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	52	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	53	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	54	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	55	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	56	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	57	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	58	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	59	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	60	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	61	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	62	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	63	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	64	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	65	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	66	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	67	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	68	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	69	 	$ *****	 	$ *****	 	 	 	$ *****

 

    120

     

    

 

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

 

	70	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	71	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	72	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	73	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	74	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	75	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	76	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	77	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	78	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	79	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	80	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	81	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	82	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	83	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	84	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	85	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	86	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	87	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	88	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	89	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	90	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	91	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	92	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	93	 	$ *****	 	$ *****	 	 	 	$ *****

 

    121

     

    

 

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

 

	94	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	95	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	96	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	97	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	98	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	99	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	100	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	101	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	102	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	103	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	104	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	105	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	106	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	107	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	108	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	109	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	110	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	111	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	112	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	113	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	114	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	115	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	116	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	117	 	$ *****	 	$ *****	 	 	 	$ *****

 

    122

     

    

 

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

 

	118	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	119	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	120	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	121	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	122	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	123	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	124	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	125	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	126	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	127	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	128	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	129	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	130	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	131	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	132	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	133	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	134	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	135	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	136	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	137	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	138	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	139	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	140	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	141	 	$ *****	 	$ *****	 	 	 	$ *****

 

    123

     

    

 

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

 

	142	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	143	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	144	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	145	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	146	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	147	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	148	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	149	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	150	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	151	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	152	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	153	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	154	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	155	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	156	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	157	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	158	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	159	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	160	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	161	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	162	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	163	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	164	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	165	 	$ *****	 	$ *****	 	 	 	$ *****

 

    124

     

    

 

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

 

	166	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	167	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	168	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	169	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	170	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	171	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	172	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	173	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	174	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	175	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	176	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	177	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	178	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	179	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	180	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	181	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	182	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	183	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	184	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	185	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	186	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	187	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	188	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	189	 	$ *****	 	$ *****	 	 	 	$ *****

 

    125

     

    

 

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

 

	190	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	191	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	192	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	193	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	194	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	195	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	196	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	197	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	198	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	199	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	200	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	201	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	202	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	203	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	204	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	205	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	206	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	207	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	208	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	209	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	210	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	211	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	212	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	213	 	$ *****	 	$ *****	 	 	 	$ *****

 

    126

     

    

 

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

 

	214	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	215	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	216	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	217	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	218	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	219	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	220	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	221	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	222	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	223	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	224	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	225	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	226	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	227	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	228	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	229	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	230	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	231	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	232	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	233	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	234	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	235	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	236	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	237	 	$ *****	 	$ *****	 	 	 	$ *****

 

    127

     

    

 

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

 

	238	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	239	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	240	 	$ *****	 	$ *****	 	$ ***** 	 	$ *****

 

(b) In the case that Lessee has exercised
the Alternative Term Option on or before 30 January 2015:

 

	Daily Rate	 US$  *****
	 	 
	N	240
	 	 
	Int. Rate % (monthly)	*****%
	 	 
	Loan	(*****)
	 	 
	Purchase Option %	 *****%
	 	 
	Option @ year 5	$  *****
	 	 
	Option @ year 10	$  *****

 

	 	 	Monthly Payments
	 	 	 	 	 	 	 	 	 
	 	 	US Dollars
	Month	 	Interest	 	Principal	 	Option	 	Payment
	1	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	2	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	3	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	4	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	5	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	6	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	7	 	$ *****	 	$ *****	 	 	 	$ *****

 

    128

     

    

 

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

 

	8	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	9	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	10	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	11	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	12	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	13	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	14	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	15	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	16	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	17	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	18	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	19	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	20	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	21	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	22	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	23	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	24	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	25	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	26	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	27	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	28	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	29	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	30	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	31	 	$ *****	 	$ *****	 	 	 	$ *****

 

    129

     

    

 

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

 

	32	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	33	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	34	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	35	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	36	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	37	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	38	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	39	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	40	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	41	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	42	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	43	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	44	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	45	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	46	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	47	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	48	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	49	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	50	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	51	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	52	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	53	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	54	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	55	 	$ *****	 	$ *****	 	 	 	$ *****

 

    130

     

    

 

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

 

	56	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	57	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	58	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	59	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	60	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	61	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	62	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	63	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	64	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	65	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	66	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	67	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	68	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	69	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	70	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	71	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	72	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	73	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	74	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	75	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	76	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	77	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	78	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	79	 	$ *****	 	$ *****	 	 	 	$ *****

 

    131

     

    

 

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

 

	80	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	81	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	82	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	83	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	84	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	85	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	86	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	87	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	88	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	89	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	90	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	91	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	92	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	93	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	94	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	95	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	96	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	97	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	98	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	99	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	100	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	101	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	102	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	103	 	$ *****	 	$ *****	 	 	 	$ *****

 

    132

     

    

 

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

 

	104	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	105	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	106	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	107	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	108	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	109	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	110	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	111	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	112	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	113	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	114	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	115	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	116	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	117	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	118	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	119	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	120	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	121	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	122	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	123	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	124	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	125	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	126	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	127	 	$ *****	 	$ *****	 	 	 	$ *****

 

    133

     

    

 

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

 

	128	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	129	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	130	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	131	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	132	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	133	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	134	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	135	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	136	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	137	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	138	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	139	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	140	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	141	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	142	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	143	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	144	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	145	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	146	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	147	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	148	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	149	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	150	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	151	 	$ *****	 	$ *****	 	 	 	$ *****

 

    134

     

    

 

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

 

	152	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	153	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	154	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	155	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	156	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	157	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	158	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	159	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	160	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	161	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	162	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	163	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	164	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	165	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	166	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	167	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	168	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	169	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	170	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	171	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	172	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	173	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	174	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	175	 	$ *****	 	$ *****	 	 	 	$ *****

 

    135

     

    

 

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

 

	176	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	177	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	178	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	179	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	180	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	181	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	182	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	183	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	184	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	185	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	186	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	187	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	188	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	189	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	190	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	191	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	192	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	193	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	194	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	195	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	196	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	197	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	198	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	199	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 

 

    136

     

    

 

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

 

	200	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	201	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	202	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	203	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	204	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	205	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	206	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	207	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	208	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	209	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	210	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	211	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	212	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	213	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	214	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	215	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	216	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	217	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	218	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	219	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	220	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	221	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	222	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	223	 	$ *****	 	$ *****	 	 	 	$ *****

 

    137

     

    

 

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

 

	224	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	225	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	226	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	227	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	228	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	229	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	230	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	231	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	232	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	233	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	234	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	235	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	236	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	237	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	238	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	239	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	240	 	$ *****	 	$ *****	 	$ *****	 	$ *****

 

    138

     

    

 

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

 

Schedule 10 – Distribution of Amortisation
and Financial Portion of Rate

 

	Daily Rate	US$ *****
	 	 
	N	240
	 	 
	Int. Rate % (monthly)	***** %
	 	 
	Loan	(*****)
	 	 
	Purchase Option %	***** %
	 	 
	Option @ year 10	$ *****
	 	 
	Option @ year 15	$ *****

 

	 	 	Monthly Payments
	 	 	 	 	 	 	 	 	 
	 	 	US Dollars
	Month	 	Interest	 	Principal	 	Option	 	Payment
	1	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	2	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	3	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	4	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	5	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	6	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	7	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	8	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	9	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	10	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	11	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 

 

    139

     

    

 

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

 

	12	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	13	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	14	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	15	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	16	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	17	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	18	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	19	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	20	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	21	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	22	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	23	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	24	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	25	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	26	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	27	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	28	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	29	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	30	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	31	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	32	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	33	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	34	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	35	 	$ *****	 	$ *****	 	 	 	$ *****

 

    140

     

    

 

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

 

	36	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	37	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	38	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	39	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	40	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	41	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	42	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	43	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	44	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	45	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	46	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	47	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	48	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	49	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	50	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	51	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	52	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	53	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	54	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	55	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	56	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	57	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	58	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	59	 	$ *****	 	$ *****	 	 	 	$ *****

 

    141

     

    

 

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

 

	60	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	61	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	62	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	63	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	64	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	65	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	66	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	67	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	68	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	69	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	70	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	71	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	72	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	73	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	74	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	75	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	76	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	77	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	78	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	79	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	80	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	81	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	82	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	83	 	$ *****	 	$ *****	 	 	 	$ *****

 

    142

     

    

 

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

 

	84	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	85	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	86	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	87	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	88	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	89	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	90	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	91	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	92	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	93	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	94	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	95	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	96	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	97	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	98	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	99	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	100	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	101	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	102	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	103	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	104	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	105	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	106	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	107	 	$ *****	 	$ *****	 	 	 	$ *****

 

    143

     

    

 

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

 

	108	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	109	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	110	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	111	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	112	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	113	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	114	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	115	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	116	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	117	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	118	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	119	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	120	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	121	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	122	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	123	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	124	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	125	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	126	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	127	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	128	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	129	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	130	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	131	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 

 

    144

     

    

 

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

 

	132	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	133	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	134	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	135	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	136	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	137	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	138	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	139	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	140	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	141	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	142	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	143	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	144	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	145	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	146	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	147	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	148	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	149	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	150	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	151	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	152	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	153	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	154	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	155	 	$ *****	 	$ *****	 	 	 	$ *****

 

    145

     

    

 

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

 

	156	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	157	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	158	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	159	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	160	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	161	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	162	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	163	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	164	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	165	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	166	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	167	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	168	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	169	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	170	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	171	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	172	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	173	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	174	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	175	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	176	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	177	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	178	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	179	 	$ *****	 	$ *****	 	 	 	$ *****

 

    146

     

    

 

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

 

	180	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	181	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	182	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	183	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	184	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	185	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	186	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	187	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	188	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	189	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	190	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	191	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	192	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	193	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	194	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	195	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	196	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	197	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	198	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	199	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	200	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	201	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	202	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	203	 	$ *****	 	$ *****	 	 	 	$ *****

 

    147

     

    

 

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

 

	204	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	205	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	206	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	207	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	208	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	209	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	210	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	211	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	212	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	213	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	214	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	215	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	216	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	217	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	218	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	219	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	220	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	221	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	222	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	223	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	224	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	225	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	226	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	227	 	$ *****	 	$ *****	 	 	 	$ *****

 

    148

     

    

 

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

 

	228	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	229	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	230	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	231	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	232	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	233	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	234	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	235	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	236	 	$ ***** 	 	$ ***** 	 	 	 	$ ***** 
	 	 	 	 	 	 	 	 	 
	237	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	238	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	239	 	$ *****	 	$ *****	 	 	 	$ *****
	 	 	 	 	 	 	 	 	 
	240	 	$ *****	 	$ *****	 	$ *****	 	$ *****

 

    149

     

    

 

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

 

Schedule 11 – Description of Jetty
and Customer's Topside Facilities

 

		1.	EQUIPMENT REQUIREMENTS

 

		1.1	Jetty topsides equipment will include:

 

		(a)	a minimum of two (2) Marine High Pressure natural Gas
Marine Unloading Arms ("Marine HP NG Unloading Arms"), or as many as are required to comply with the n+1 redundancy
requirements:

 

		(i)	the specifications of which will be developed by the EPC Contractor;

 

		(ii)	which are to be preventatively maintained every ***** months; and

 

		(iii)	which shall have wind operability limits of a maximum of thirty five (35) knots;

 

		(b)	additional firefighting and safety equipment (including fire water monitors and high expansion
foam);

 

		(c)	a Gas pipeline;

 

		(d)	a Marine Loading Arms platform, which will include:

 

		(i)	a pig launcher for the Gas pipeline; and

 

		(ii)	a small nitrogen storage tank required for the Marine Loading Arms for the purge of the swivel
joint areas;

 

		(e)	mooring equipment suitable for the mooring of a vessel with a one hundred and seventy thousand
cubic metres (170,000 m3) capacity and side by side mooring of the Vessel and Shuttle Tanker;

 

		(f)	emergency diesel power generator (which will be located onshore) for the use during emergency of
operation of hydraulic unit of Marine Loading Arms, emergency shutdowns, and motor-operated valves required on Jetty; and

 

		(g)	Jetty-Vessel instrumentation and a controls interface link.

 

		1.2	Onshore equipment will include:

 

		(a)	an onshore receiving facility, including the following components:

 

		(i)	a pig receiver;

 

		(ii)	a pressure let down station;

 

		(iii)	High integrity protection system for pipeline Gas pressure control, and

 

    150

     

    

 

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

 

		(iv)	metering systems; and

 

		(b)	a Gas pipeline from the onshore metering system to the custody transfer point.

 

		1.3	Long lead items

 

		(a)	The Marine HP NG Unloading Arms will be delivered approximately ***** months following execution
of the EPC Contract.

 

		(b)	The unloading platform and the access trestle will be delivered approximately ***** months following
execution of the EPC Contract.

 

		(c)	Procurement of marine structural steel and piling during the engineering phase after the sixty
per cent (60%) Design Control point.

 

		2.	APPLICABLE STANDARDS AND REQUIREMENTS

 

		2.1	Applicable codes and standards

 

		(a)	International standards for the jetty design of LNG terminals which shall be consulted in the development
of the basis of design:

 

		(i)	OCIMF, Effective Mooring, 3rd Edition, 2010;

 

		(ii)	OCIMF, Mooring Equipment Guideline, 3rd Edition, 2008;

 

		(iii)	SIGTTO, LNG Operations in Port Areas, 2003;

 

		(iv)	PIANC, Harbour Approach Channels Design Guidelines, 2014;

 

		(v)	API RP-2A WSD Recommended Practice for Planning, Designing and Constructing and LRFD Fixed Offshore
Platforms, American Petroleum Institute;

 

		(vi)	BS 6349 British Standard Code of Practice for Maritime Structures;

 

		(vii)	PIANC report WG33 Guidelines for the Design of Fender Systems;

 

		(viii)	PIANC report WG34 Seismic Design Guidelines for Port Structures;

 

		(ix)	PIANC-IAPH WG 30 Approach Channels – A guide for
Design;

 

		(x)	OCIMF MEG3 Mooring Equipment Guidelines, Oil Companies International;

 

		(xi)	Marine Forum;

 

		(xii)	MOTEMS Marine Oil Terminal Engineering and Maintenance Standards;

 

    151

     

    

 

		(xiii)	IMO International Ship and Port Facility Security Code (ISPS);

 

		(xiv)	DNV-RP-B401 Cathodic Protection Design;

 

		(xv)	Coastal Engineering U.S. Army Corps of Engineers, 2003;

 

		(xvi)	The Rock Manual The use of rock in hydraulic engineering, CIRIA-CUR, 2007;

 

		(xvii)	Cuomo, M. Tirindelli, W. Allsop. (2007) Wave-in-deck loads on exposed jet-ties. Journal of Coastal
Engineering 54, pg. 657-679.

 

In order to minimize conflicting
requirements, the following Table outlines the scope of usage for each code listed above.

 

		(A)	API RP-2A WSD and LRFD Estimation of environmental loads and effects on piles such as current forces,
marine growth, scour, buoyancy, impact re-sistance, recommendations on fatigue of connections, design of pin piles (WSD: trestle,
LRFD: berth).

 

		(B)	BS 6349 Estimation of environmental loads on vessels including wind and current for moored vessels,
guidance on limiting vessel motions while at berth. Determination of maritime loads, load factor and load combinations (berthing,
wave, current, mooring, wind effects).

 

		(C)	PIANC WG33 Estimation of berthing energy requirements, abnormal en-ergy factors of safety, vessel
approach velocities, fender selection, and al-lowable hull pressures.

 

		(D)	PIANC WG 34 Estimation of allowable damage during design seismic events, guidelines for selection
of design seismic events.

 

		(E)	PIANC WG 55 Safety Aspects of Berthing Operations for Gas Tankers.

 

		(F)	OCIMF MEG3 Recommendations for selection of mooring lines, guid-ance on selection of mooring equipment
on berth, recommendations for location and number of mooring and berthing dolphins.

 

		(G)	IMO Recommendations and requirements on port safety.

 

		(H)	DNV-RP-B401 Design of Cathodic Protection Systems for Piles and other Marine Components

 

		2.2	Marine terminal basis of design

 

		(a)	A marine terminal basis of design shall be developed under the EPC Contract.

 

		(b)	The maximum hull pressure shall be one hundred and fifty kilo pascals (150kPa).

 

    152

     

    

 

		(c)	Vessel berthing velocities and berthing angle of attack will be determined during bridge simulation
studies prior to vessel arrival.

 

		(d)	Shuttle Tanker berthing and mooring during off-loading operations will be determined based on the
outcome of bridge simulation studies and second order-dynamic mooring analyses.

 

		(e)	The marine terminal basis of design will be developed in accordance with the reference standards
listed on Section 2.1 above and in accordance with Schedule 1.

 

		2.3	Fenders and cathodic protection

 

		(a)	Fenders technical specification

 

The requirements of Jetty fenders
for an FSRU moored at all times are to be confirmed with time domain simulations.

 

		(b)	Cathodic protection technical specification

 

The impressed current protection
system will be designed so as to prevent premature breakdown of the Jetty Structure Piling and metallic structures and reinforcing
bar. The design parameters are to be identified in hazard identification and hazard operability studies during detailed design.

 

		2.4	Metoceanic report

 

Calibration for the metocean
derivations (such as Site-specific wave measurements) should be performed to calibrate the swan model.

 

		(a)	Basic mooring study:

 

		(i)	The mooring assessment was completed using OPTIMOOR. Detailed design will be performed using a
mooring package suitable for time domain simulations accounting for second order wave loads. For side by side mooring assessment
the software package will also account for ship-to-ship hydrodynamic interactions.

 

		(ii)	The mooring system will be checked for the mooring of a vessel with a one hundred and seventy thousand
cubic metres (170,000 m3) capacity side by side with a Shuttle Tanker. The mooring requirements are to be confirmed
with time domain simulations.

 

		(b)	Detail manoeuvring study :

 

Full mission bridge simulations
shall be conducted at least ninety (90) days prior to the Delivery Date for the Vessel as well as for the Shuttle Tankers to be
moored side by side with the Vessel to confirm the adequacy of the channel, turning areas and size and number of tugs required
for navigation, manoeuvring and berthing.

 

    153

     

    

 

Schedule 12 – Form of Lessee LOC
and Pre-VAD Lessee LOC

 

HÖEGH LNG FSRU IV LTD.,

Clifton House, 75 Fort Street,

P.O. Box 1350,

Grand Cayman KY1-1108,

Cayman Islands

 

[Date]

 

REF: IRREVOCABLE STANDBY LETTER OF CREDIT
NO. (REF. NO. [Insert reference number])

 

Dear Sirs,

 

		1.	By order and for the account of Sociedad Portuaria El Cayao S.A. E.S.P. (“SPEC”),
we hereby establish in your favour an irrevocable and unconditional standby letter of credit (“Letter of Credit”)
in support of SPEC's obligations under the International Lease Agreement dated [ ] November 2014 and made between SPEC and yourselves
and authorise you to draw on [Name and address of bank], up to an aggregate amount of US$ [ ] (the “Maximum
Amount”).

 

		2.	Funds under this Letter of Credit will be paid to you in accordance with the terms of this Letter
of Credit upon receipt by us of a drawing certificate substantially in the form of Annex A hereto (each a “Certificate”)
not later than ([•]) p.m. ((Colombian)] time) on the Expiry Date (as defined below). Each Certificate may be made by letter
or fax and must be received in legible form by us at [insert address and fax no.].

 

		3.	Upon receipt of a Certificate in accordance with the terms of this Letter of Credit, payment shall
be made to you, without proof or condition, of the amount specified therein in immediately available funds without right of set-off
or counterclaim within three (3) Banking Days (where “Banking Day” shall mean any day any day on which banks
are open for business in [Bogotá (Colombia)]) after receipt of the Certificate, free and clear of, and without deduction
for or on account of, any present or future taxes, duties, charges, fees, deductions or withholdings of any nature and by whomsoever
imposed.

 

		4.	This Letter of Credit is effective from [the date hereof] and will remain valid and in full effect
until the earlier of:

 

		(i)	[insert longstop expiry date]

 

    154

     

    

 

		(ii)	the time the Letter of Credit is returned to us for cancellation; and

 

		(iii)	the time that the amounts paid to you under paragraph 3 of this Letter of Credit in aggregate are
equivalent to the Maximum Amount,

 

(the “Expiry
Date”).

 

		5.	Except to the extent it is inconsistent with the express terms of this Letter of Credit, this Letter
of Credit is subject to the International Standby Practices (“ISP98”), International Chamber of Commerce Publication
No. 590, and as to matters not governed by ISP98, shall be governed by and construed in accordance with the laws of England.

 

		6.	Any dispute arising out of or in connection with this Letter of Credit, including any question
regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration under the London Court
of International Arbitration (LCIA) Rules, which Rules are deemed to be incorporated by reference into this Letter of Credit. The
number of arbitrators shall be three. The seat, or legal place, of arbitration shall be London. The language to be used in the
arbitral proceedings shall be English.

 

	 	Yours faithfully,	 
	 	 	 
	 	 	 
	 	 	 
	 	(Name and Location of Bank & Authorised Signature(s))	 

 

    155

     

    

 

ANNEX A to IRREVOCABLE STANDBY
LETTER OF CREDIT NO. [Insert reference number]

 

DRAWING CERTIFICATE

 

[Date]

 

[Name of Issuing Bank]

[Address]

 

		Re:	Irrevocable Standby Letter of Credit No. [Insert reference number] (the “Letter
of Credit”)

 

		1.	We hereby certify that an event has occurred as a result of which, under the agreement pursuant
to which the Letter of Credit was provided, we are entitled to make this demand, and we hereby demand payment in the amount of
[insert amount] under the Letter of Credit.

 

		2.	Payment of the amount demanded hereby shall be made by wire transfer to the following account:

 

Name:

 

Account Number:

 

Bank:

 

	 	Signed by	 
	 	 	 
	 	 	 
	 	 	 
	 	on behalf of Höegh LNG FSRU IV Ltd.	 

 

    156

     

    

 

EXECUTION VERSION

 

Dated
24 September 2015

 

HÖEGH LNG FSRU IV LTD.

(as Owner)

 

and

 

SOCIEDAD PORTUARIA EL CAYAO
S.A. E.S.P

(as Lessee)

 

 

 

AMENDMENT NO. 1 to the

 

INTERNATIONAL LEASING AGREEMENT

 

Dated 1st November
2014

 

in respect of
an LNG floating storage and regasification vessel

under construction at the
Builder's yard with Builder's hull No. 2551

 

 

  

     

     

    

 

THIS AMENDMENT NO. 1 (this "Amendment")
to the international leasing agreement dated 1 November 2014 (the "Agreement") is made on this 24th
day of September by and between:

 

		(1)	HÖEGH LNG FSRU IV LTD., a company incorporated and existing under the laws of the Cayman
Islands with its registered office at Clifton House, 75 Fort Street, P.O. Box 1350, Grand Cayman KY1-1108, Cayman Islands as lessor
of the Vessel under this Agreement (hereinafter referred to as "Owner"); and

 

		(2)	SOCIEDAD PORTUARIA EL CAYAO S.A. E.S.P, a company organised and existing under the laws
of Colombia having its registered office at Cra. 2 No. 11-41 Edificio Torre Empresarial Grupo Area Oficina 1106 Cartagena, Cartagena,
Colombia as lessee of the Vessel under this Agreement (hereinafter referred to as "Lessee").

 

RECITALS

 

WHEREAS:-

 

		(A)	The Parties entered into the International Leasing Agreement on 1st November 2014;

 

		(B)	The Parties have agreed to make certain amendments to the Agreement as set forth below in accordance
with Clause 35 of the Agreement.

 

NOW, THEREFORE, in consideration
of the mutual covenants and undertakings set forth herein and for other good and valuable consideration the receipt and sufficiency
of which is hereby confirmed, the PARTIES HAVE AGREED AS FOLLOWS:

 

		1.	DEFINITIONS AND INTERPRETATION

 

		1.1	In this Amendment, including the preamble hereto, unless otherwise defined herein, a term or expression
defined in the International Leasing Agreement shall have the same meaning when used herein.

 

		1.2	The Parties agree that the rules regarding headings and interpretation set forth in Clause 1.2
– Headings and Interpretation of the Agreement shall apply to this Amendment as if set forth herein.

 

		2.	AMENDMENTS TO THE AGREEMENT

 

By execution of this Amendment, the Parties hereby agree to
amend the terms of the Agreement as follows:

 

		2.1	Clause 4.5(b) is hereby amended by deleting the date “1 June 2015” and replacing it with the date “30 September
2015”.

 

    2

     

    

 

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

 

		2.2	Clause 4.5(c) is hereby amended by deleting the cross reference to “Clause 4.7(d)” and replacing it with “Clause
4.5(d)”.

 

		2.3	Clause 4.7(c)(ii) is hereby amended by inserting the word “continue” immediately after the word “shall”.

 

		2.4	Clause 5 is hereby amended by adding the following Clauses 5.12, 5.13, 5.14 and 5.15 at the end thereof:

 

		“5.12	If Lessee elects to exercise the Purchase Option pursuant to this Clause 5, Lessee shall provide
prior written notice to Owner of its intention to exercise the Purchase Option (the "Purchase Option Pre-Notice")
not later than ***** months before the end of the Initial Term or the Second Early Termination Date, as the case may be; provided
that in the event that a Party elects to terminate this Agreement on the First Early Termination Date pursuant to Clause 3.3(a),
Lessee shall be permitted to issue the Purchase Option Pre-Notice to Owner not later than ***** after notice of such election to
terminate is delivered by such Party to the other Party.

 

		5.13	If Lessee duly issues the Purchase Option Pre-Notice within the applicable time frame in Clause
5.12 (the "Purchase Option Pre-Notice Deadline"), the Owner shall not, and shall procure that its Affiliates shall
not, unconditionally offer the Vessel for employment, or otherwise enter into any firm commitment for employment of the Vessel
in the period following the expiry of the Term and the Parties shall perform the Purchase Option in accordance with this Clause
5, subject to the following terms and conditions:

 

		(a)	Within ***** days of the Lessee’s issuance of the Purchase Option Pre-Notice, Lessee shall
provide to Owner an irrevocable, unconditional on-demand letter of credit in the amount of ***** Dollars (USD *****), substantially
in the form of the Lessee LOC (the "Lessee Purchase Option LOC"), as security for the losses which Owner may sustain
by restricting its marketing of the Vessel for employment during the period prior to the end of the Term.

 

		(b)	If Lessee fails to provide the Lessee Purchase Option LOC within the time period contemplated under
Clause 5.13(a), Lessee shall be deemed to have withdrawn the Purchase Option Pre-Notice and Clause 5.14 shall apply.

 

		(c)	If the purchase of the Vessel is completed in accordance with the terms of this Agreement, Owner
shall return the Lessee Purchase

 

    3

     

    

 

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

 

Option LOC to Lessee immediately
following Owner’s receipt of the Purchase Option Price.

 

		(d)	If the purchase of the Vessel is not completed in accordance with the terms of this Agreement,
except where such failure is caused by an act or omission of Owner in breach of its obligations under this Clause 5, Owner shall
be entitled to draw down the full amount of the Lessee Purchase Option LOC and retain such amount as liquidated damages for any
losses sustained by Owner in reliance on Lessee's issuance of the Purchase Option Pre-Notice. Such draw down of the Lessee Purchase
Option LOC and retention of the proceeds thereof as liquidated damages shall represent Lessee's sole and exclusive remedy in the
event that the Purchase Option, once exercised, is not completed.

 

		5.14	If Lessee does not duly issue the Purchase Option Pre-Notice before the applicable Purchase Option
Pre-Notice Deadline, Owner shall be entitled to offer the Vessel and/or undertake firm commitments for employment of the Vessel
after the expiry of the Term. Notwithstanding the foregoing, the failure by Lessee to issue the Purchase Option Pre-Notice shall
not preclude Lessee from subsequently exercising the Purchase Option pursuant to this Clause 5, but the following terms shall apply:

 

		(a)	If the Vessel has been committed or has otherwise been offered, by Owner or an Affiliate of Owner,
to a third party for performance of a charter or other contract of employment (a "Third Party Contract"), the
terms for completion of the Purchase Option shall be adjusted as reasonably required (in the reasonable opinion of Owner) to enable
performance by Owner or its Affiliate (as applicable), of such Third Party Contract. Such adjustments to the terms shall, if applicable,
include the deferral of the date of completion of the Purchase Option until such time as the obligations of Owner, or its Affiliate,
in connection with such Third Party Contract have been fulfilled or have otherwise expired, provided that any such deferral of
the date of completion shall be limited to a period of ***** months after the completion date contemplated under Clause 5.6.

 

		(b)	Except in circumstances where the Vessel is subject to a Third Party Contract, Lessee shall compensate
Owner, without deduction, for the full amount of all reasonable and documented costs and expenses incurred by Owner and its Affiliates,
in

 

    4

     

    

 

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

 

connection with the marketing of
the Vessel after the Purchase Option Pre-Notice Deadline, including without limitation any costs or expenses of legal, tax or environmental
advisors, travel costs and other expenses, including interest thereon at the Default Rate. Owner shall invoice all such amounts
to Lessee within ***** days after Lessee’s notice of its intention to exercise the Purchase Option and shall be paid by Lessee
in full together with the Purchase Option Price.

 

		5.15	Any liability of Lessee under Clauses 5.13 and 5.14 shall not be limited by the terms of Clauses 26.1 or 26.2(a)(i).”

 

		2.5	Clause 29.1 is hereby amended by replacing the contact information for notices to Lessee with the following:

 

“Notice to Lessee:

 

José Luis Montes Gómez

 

SOCIEDAD PORTUARIA EL CAYAO S.A. E.S.P

 

Cra. 2 No. 11-41

Edificio Torre Empresarial Grupo Area Oficina 1106

Cartegena

Colombia

 

Tel: +57 5 371 3217

 

Email: Jose.Montes@speclng.com”

 

		2.6	Schedule 1 is hereby amended as follows:

 

		(i)	Section A is hereby amended by deleting the classification notation set out next to the word "CLASS"
and replacing it with the following:

 

"CLASS: DNV, +1A1, Tanker
for Liquefied Gas, Ship type 2G (-163oC, 500kg/m3, 25kPa), FSRU mode 2G (-163oC, 500kg/m3, 70kPa), NAUTICUS (Newbuilding), REGAS-2,
E0, CLEAN, BIS, CSA-FLS2, PLUS, COAT-PSPC(B), Recyclable, GAS FUELLED, TMON"

 

		(ii)	Section A is hereby amended by inserting the following text immediately after “IS VESSEL
BUILT ACCORDING TO: USCG REGULATIONS? YES”:

 

    5

     

    

 

“Vessel will meet the
requirements for the foreign vessels operating in US waters but will not be built to fully comply with USCG regulations.”

 

		(iii)	Clause 4.2 of Section B is hereby amended by inserting the following text immediately after the
end of the second paragraph:

 

““emergency cargo
pumps” are the same as “regas feed pumps” for this operation".

 

		(iv)	Clause 17.2 of Section B is hereby deleted in its entirety and replaced with the following:

 

		“17.2	Position of cargo manifold(Preliminary) : Centre L-L-V-L-L .

	- distance from bow :	140.915 m
	- distance from stern:	153.085 m
	- height above deck / driptray :	1.494/1.256 m
	- distance from ship's rail :	3.285  m
	- height from underside keel  :	31.386 m
	- distance between lines :	3.0 m

 

Height above waterline(Preliminary)

	- when light ballast :  draught	9.26 m	22.126 m
	- when loaded : draught	12.6 m	18.786 m

Loading connection

- height from centre of flange to first obstacle
downward below each flange: 1.256 m

 

		(v)	Clause 18.4.1 of Section B is hereby deleted in its entirety and replaced with the following:

 

		“18.4.1	Location of HP manifolds

 

Size: 20” 900 ANSI

 

	- distance from bow :	 	109.68  m
	- distance from stern:	 	184.32  m
	- height above deck:	 	1.494  m
	- distance from ship's rail :	 	3.165  m
	- height from underside keel  :	 	31.386 m
	 	 	 
	- Height above waterline :	 	 
	- when light ballast :	draught 9.26 m	22.126 m
	- when loaded :	draught  12.6 m	18.786 m”

 

    6

     

    

 

		(vi)	Clause 19.1 of Section B is hereby deleted in its entirety and replaced with the following text:

 

		“19.1	For Ship to Ship transfer:

 

6 flexible hoses (4 for liquid
and 2 for vapor return) of 10” diameter connected to the 16” liquid/vapour manifold through reduction spool pieces.”

 

MISCELLANEOUS

 

		3.1	As from the date of execution by both parties hereto of this Amendment, the terms of the Agreement
shall be deemed to have been amended in accordance with this Amendment. In case of inconsistency between the terms of the Agreement
and the terms of this Amendment, the terms of this Amendment shall take precedence.

 

		3.2	Except as provided in Clauses 2 and 3.1 above, the terms and conditions of the Agreement shall
remain unchanged and continue in full force and effect in accordance with the terms thereof. Whenever the Agreement is referred
to in the Agreement or any other instrument or document executed in connection therewith, it shall be deemed to mean the Agreement
as hereby amended.

 

		3.3	The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided
herein, operate as a waiver of any right, power or remedy of any party to the Agreement, or constitute a waiver of any provision
of the Agreement, or give rise to or be deemed to give rise to a course of dealing or course of conduct.

 

		3.4	Without limiting the foregoing, the terms of Clause 28 – Construction, clause 30 –
Governing Law and Dispute Resolution, Clause 32 – Confidentiality, Clause 36 – Counterparts and
Clause 37 – Rights of Third Parties; of the Agreement shall apply mutatis mutandi to this Amendment
as if reproduced herein.

 

    7

     

    

 

IN WITNESS WHEREOF, the Parties
hereto have caused this Amendment to be duly executed on the date first above written.

 

	OWNER	 
	 	 
	Signed by: /s/ Kristoffer Evju	 
	 	 
	Name: Kristoffer Evju	 
	 	 
	Title: Attorney in Fact	 
	 	 
	For and on behalf of HÖEGH LNG FSRU IV LTD.
	 	 
	LESSEE	 
	 	 
	Signed for and on behalf of SOCIEDAD PORTUARIA EL CAYAO S.A. E.S.P
	 	 
	By: /s/ Jose Luis Montes Gomez	 
	 	 
	Name: Jose Luis Montes Gomez	 
	 	 
	Title: CEO	 

 

    8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00269-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00269-of-00352.parquet"}]]