Document:

Exhibit 10.26

 

Private & Confidential

 

DATED                       , 2014

 

 

 

 

 

 

 

 

 

 

 

 

SUPPLEMENTAL DEED

 

relating to a

US$325,500,000 Loan

 

to

GAS-SIXTEEN LTD.

GAS-SEVENTEEN LTD.

and

GAS-EIGHTEEN LTD.

 

arranged by

CITIBANK, N.A., LONDON BRANCH

 

with

 

CITIBANK INTERNATIONAL PLC

as Agent

 

CITIBANK, N.A., LONDON BRANCH

as Security Agent

 

 

 

 

 

 

 

    	 

    	

    

Contents

 

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

    	 

    	

    

THIS SUPPLEMENTAL DEED is dated
                         
2014 and made BETWEEN:

 

	(1)	GAS-SIXTEEN LTD. (the Gas-sixteen Borrower), GAS-SEVENTEEN LTD. (the Gas-seventeen Borrower) and GAS-EIGHTEEN LTD. (the Gas-eighteen Borrower and, together with the Gas-sixteen Borrower and the Gas-seventeen Borrower, the Borrowers) each of the address set out in Schedule 1 to the Facility Agreement as Borrowers;
	 	 
	(2)	GASLOG LTD. of the address set out in Schedule 1 to the Facility Agreement as GasLog and Commercial Manager;
	 	 
	(3)	GASLOG CARRIERS LTD. of the address set out in Schedule 1 to the Facility Agreement as GasLog Carriers (and together with GasLog, the Principal Guarantors);
	 	 
	(4)	GASLOG LNG SERVICES LTD. of the address set out in Schedule 1 to the Facility Agreement as Technical Manager;
	 	 
	(5)	CITIBANK, N.A., LONDON BRANCH of the address set out in Schedule 1 to the Facility Agreement as Arranger;
	 	 
	(6)	THE FINANCIAL INSTITUTIONS set out in Schedule 1 to the Facility Agreement as the Original Lenders;
	 	 
	(7)	CITIBANK, N.A., LONDON BRANCH of the address set out in Schedule 1 to the Facility Agreement as Bookrunner;
	 	 
	(8)	CITIBANK INTERNATIONAL PLC of the address set out in Schedule 1 to the Facility Agreement as Agent; and
	 	 
	(9)	CITIBANK, N.A., LONDON BRANCH of the address set out in Schedule 1 to the Facility Agreement as Security Agent.

 

WHEREAS:

 

	(A)	This Deed is supplemental to an agreement dated 1 April 2014 (the Principal Agreement) and made between, inter alios, (1) the Borrowers, (2) the Lenders, (3) the Bookrunner, (4) the Agent and (5) the Security Agent, whereby the Lenders agreed to make available to the Borrowers, as joint and several borrowers, a loan facility of up to $325,500,000 upon the terms and subject to the conditions therein contained.
	 	 
	(B)	By a waiver and consent request dated 1 April 2014 (the Waiver and Consent Request) and a further waiver and consent request supplemental thereto dated 16 July 2014, the Borrowers have requested the Lenders to (inter alia) (1) permit the disposal by GasLog Carriers, and the acquisition, directly or indirectly, by GPHL of the shares in the Gas-sixteen Borrower and the Gas-seventeen Borrower (the Sale) and (2) amend the Principal Agreement on the terms set out in this Deed.

 

NOW IT IS HEREBY AGREED as follows:

 

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

    	1

    	

    

	1.2	Definitions
	 	 	 
	 	In this Deed, unless the context otherwise requires:
	 	 	 
	 	Effective Date means the date specified in the Effective Date Notice.
	 	 	 
	 	Effective Date Notice means the notice to be signed and delivered to the Borrowers by the Agent in accordance with Clause 5 in the form set out in Schedule 2.
	 	 	 
	 	Facility Agreement means the Principal Agreement as amended, supplemented and waived by this Deed.
	 	 	 
	 	GPHL means GasLog Partners Holdings LLC of Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.
	 	 	 
	 	GPHL Guarantee means the guarantee executed or (as the context may require) to be executed by GPHL in favour of the Security Agent in the agreed form.
	 	 	 
	 	MLP means GasLog Partners LP of Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.
	 	 	 
	 	Relevant Parties means each Borrower, the Principal Guarantors, the Managers, MLP and GPHL or, where the context so requires or permits, means any or all of them.
	 	 	 
	1.3	Principal Agreement
	 	 	 
	 	References in the Principal Agreement to “this Agreement” shall, with effect from the Effective Date and unless the context otherwise requires, be references to the Principal Agreement as amended, waived and/or supplemented by this Deed and words such as “herein”, “hereof”, “hereunder”, “hereafter”, “hereby” and “hereto”, where they appear in the Principal Agreement, shall be construed accordingly.
	 	 	 
	1.4	Construction
	 	 	 
	 	Clauses 1.2 (Construction), 1.3 (Third party rights) and 1.4 (Finance Documents) of the Facility Agreement and any other provision of the Facility Agreement which, by its terms, purports to apply to all of the Finance Documents and/or any Obligor shall apply to this Deed as if set out in it but with all necessary changes and as if references in the provision to Finance Documents referred to this Deed. This Deed is a Finance Document.
	 	 	 
	2	Agreement
    of the Lenders and Agent
	 	 	 
	 	The Lenders and the Agent, relying upon the representations and warranties on the part of each of the Borrowers, the Principal Guarantors and the Managers contained in clause 4, agree with the Borrowers that, subject to the terms and conditions of this Deed and in particular, but without prejudice to the generality of the foregoing, fulfillment on or before                                        2014 (or such later date as the Agent, acting on the instructions of the Majority Lenders, may agree) of the conditions contained in clause 5 and Schedule 1, the Agent and the Lenders:
	 	 	 
	 	(a)	agree to the Sale; and

    	2

    	

    

	 	(b)	agree to the amendment of the Principal Agreement on the terms set out in clause 3 (Amendments to Principal Agreement).
	 	 	 
	3	Amendments
    to Principal Agreement
	 	 	 
	3.1	Amendments
	 	 	 
	 	The Principal Agreement shall, with effect on and from the Effective Date, be (and is hereby) amended in accordance with the following provisions (and the Principal Agreement (as so amended) will continue to be binding upon each of the parties hereto upon such terms as so amended):
	 	 	 
	 	(a)	the definition of “Finance Documents” in clause 1.1 (Definitions) of the Principal Agreement shall be amended by inserting the words “, the Supplemental Deed” after the words “the Security Documents”;
	 	 	 
	 	(b)	new definitions of “GPHL” and “GPHL Guarantee” shall be inserted in clause 1.1 (Definitions) of the Principal Agreement reading as follows:
	 	 	 
	 	 	“GPHL means GasLog Partners Holdings LLC of Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.
	 	 	 
	 	 	GPHL Guarantee means the guarantee to be executed by GPHL in favour of the Security Agent in the agreed form.”;
	 	 	 
	 	(c)	the definitions of “Guarantees” and “Guarantors” in clause 1.1 (Definitions) of the Principal Agreement shall be deleted and replaced as follows:
	 	 	 
	 	 	“Guarantees means the GasLog Guarantee, the GasLog Carriers Guarantee, the GPHL Guarantee and the MLP Guarantee and Guarantee means any of them.
	 	 	 
	 	 	Guarantors means each of GasLog, GasLog Carriers, GPHL and MLP.”;
	 	 	 
	 	(d)	the definition of “MLP” in clause 1.1 (Definitions) of the Principal Agreement shall be deleted and replaced as follows:
	 	 	 
	 	 	“MLP means GasLog Partners LP of Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.”;
	 	 	 
	 	(e)	the definition of “MLP Guarantee” in clause 1.1 (Definitions) of the Principal Agreement shall be amended by deleting the rest of the words after the words “in the agreed form”;
	 	 	 
	 	(f)	a new definition of “Supplemental Deed” shall be inserted in clause 1.1 (Definitions) of the Principal Agreement reading as follows:
	 	 	 
	 	 	“Supplemental Deed means the deed dated                             2014 between (inter alios) the Borrowers, the Lenders, the Bookrunner, the Agent and the Security Agent supplemental to this Agreement.”;
	 	 	 
	 	(g)	clause 17.21.2 of the Principal Agreement shall be amended by inserting the words “As at the date of this Agreement” at the beginning of the paragraph and continuing with “all” in lower case;

    	3

    	

    

	 	(h)	a new clause 17.21.3 shall be inserted as follows:
	 	 	 	 	 
	 	 	“17.21.3 	As at the date of the Supplemental Deed:
	 	 	 	 	 
	 	 	 	(a)	Gas-sixteen Ltd. and Gas-seventeen Ltd. are wholly-owned subsidiaries of GPHL;
	 	 	 	 	 
	 	 	 	(b)	GPHL is a wholly-owned subsidiary of MLP; 
	 	 	 	 	 
	 	 	 	(c)	GasLog Partners GP LLC is the general partner of MLP; and
	 	 	 	 	 
	 	 	 	(d)	GasLog Partners GP LLC is a wholly-owned subsidiary of GasLog.”;
	 	 	 	 	 
	 	(i)	the third line of paragraph (b) of clause 18.2.3 of the Principal Agreement shall be amended by deleting the words “and any equivalent provision of the MLP Guarantee if this is executed pursuant to clause 27.21 (Legal and beneficial ownership)”; and
	 	 	 	 	 
	 	(j)	clause 27.21 (Legal and beneficial ownership) of the Principal Agreement shall be deleted and replaced as follows:
	 	 	 	 	 
	 	 	“At any time:
	 	 	 	 	 
	 	 	27.21.1	any Borrower ceases to be a wholly-owned subsidiary of GasLog Carriers or GPHL;
	 	 	 	 	 
	 	 	27.21.2	GasLog Carriers ceases to be a wholly-owned subsidiary of GasLog unless it shall become a wholly-owned subsidiary of MLP;
	 	 	 	 	 
	 	 	27.21.3	GPHL ceases to be a wholly-owned subsidiary of MLP;
	 	 	 	 	 
	 	 	27.21.4	GasLog Partners GP LLC ceases to be a wholly-owned subsidiary of GasLog; or
	 	 	 	 	 
	 	 	27.21.5	GasLog Partners GP LLC ceases to be the general partner of MLP.”.
	 	 	 	 	 
	3.2	Continued force and effect
	 	 	 	 	 
	 	Save as amended by this Deed, the provisions of the Principal Agreement shall continue in full force and effect and the Principal Agreement and this Deed shall be read and construed as one instrument.
	 	 	 	 	 
	4	Representations and warranties
	 	 	 	 	 
	 	Each of the Borrowers, the Principal Guarantors and the Managers represents and warrants for the benefit of each Finance Party, each in respect of itself, that the following statements shall, on the date of this Deed and the Effective Date, be true and accurate as if made with reference to the facts and circumstances existing on such date:
	 	 	 	 	 
	 	(a)	each of the Repeating Representations are true and correct (save that in relation to clause 17.21 (Legal and beneficial ownership) of the Principal Agreement or, as the case may be, clause 17.21 of the Facility Agreement, such Repeating Representation shall, on the date of this Deed, be made in respect of clause 17.21 (Legal and beneficial 

    	4

    	

    

	 	 	ownership) of the Principal Agreement and on the Effective Date, in respect of clause 17.21 (Legal and beneficial ownership) of the Facility Agreement);
	 	 	 
	 	(b)	it is duly incorporated as a limited liability company and has power to carry on its business as it is now being conducted and to own its property and other assets; and
	 	 	 
	 	(c)	it has power to execute, deliver and perform its obligations under this Deed and all necessary corporate, shareholder and other action has been taken to authorise the execution, delivery and performance of the same.
	 	 	 
	5	Conditions
	 	 	 
	5.1	Documents, evidence and Effective Date Notice
	 	 	 
	 	(a)	The agreement of the Lenders and the Agent referred to in clause 2 shall be subject to the receipt by the Agent or its duly authorised representative of the documents and evidence specified in Schedule 1 in form and substance satisfactory to the Agent.
	 	 	 
	 	(b)	The Agent shall sign the Effective Date Notice on the date that the Agent has received the documents and evidence specified in Clause 5 and Schedule 1 in a form and substance satisfactory to it and specify that date to be the Effective Date, provided that date falls not later than                                         2014 (or such later date as the Agent acting on the instructions of the Majority Lenders may agree).
	 	 	 
	5.2	General conditions precedent
	 	 	 
	 	The agreement of the Lenders and the Agent referred to in clause 2 shall be further subject to:
	 	 	 
	 	(a)	the representations and warranties in clause 4 being true and correct on the Effective Date as if each was made with respect to the facts and circumstances existing at such time; and
	 	 	 
	 	(b)	no Default having occurred and continuing at the time of the Effective Date.
	 	 	 
	5.3	Waiver of conditions precedent
	 	 	 
	 	The conditions specified in this clause 5 are inserted solely for the benefit of the Finance Parties and may be waived by the Agent (acting on the instructions of the Lenders) in whole or in part with or without conditions.
	 	 	 
	6	Finance
    Documents
	 	 	 
	 	Each of the Borrowers, the Principal Guarantors and the Managers confirms its consent to the amendments to the Principal Agreement and the other arrangements contained in this Deed and each of the Borrowers, the Principal Guarantors and each Manager further acknowledges and agrees, for the avoidance of doubt, that:
	 	 	 
	 	(a)	each of the other Finance Documents to which it is a party, and its obligations thereunder, shall remain in full force and effect notwithstanding the amendments made to the Principal Agreement by this Deed; and

    	5

    	

    
	 	(b)	with effect from the Effective Date, references to the “Facility Agreement” in any of the other Finance Documents to which it is a party shall henceforth be reference to the Principal Agreement as amended by this Deed and as from time to time hereafter amended.
	 	 	 
	7	Costs
    and expenses
	 	 	 
	 	For the avoidance of doubt, clause 16 (Costs and expenses) of the Facility Agreement shall apply in respect of all reasonably incurred costs and expenses of the Finance Parties in connection with this Deed.
	 	 	 
	8	Miscellaneous
    and notices
	 	 	 
	8.1	Notices
	 	 	 
	 	The provisions of clause 35 (Notices) of the Principal Agreement shall apply to this Deed if set out herein.
	 	 	 
	8.2	Counterparts
	 	 	 
	 	This Deed may be executed in any number of counterparts and by the different parties on separate counterparts, each of which when so executed and delivered shall be an original but all counterparts shall together constitute one and the same instrument.
	 	 	 
	9	Applicable
    law
	 	 	 
	9.1	Governing law
	 	 	 
	 	This Deed and any non-contractual obligations connected with it are governed by English law.
	 	 	 
	9.2	Jurisdiction of English courts
	 	 	 
	 	The courts of England have exclusive jurisdiction to settle any dispute arising out of or in connection with this Deed or any non-contractual obligations connected with it (including a dispute regarding the existence, validity or termination of this Deed) (a Dispute).
	 	 	 
	 	The Parties agree that the courts of England are the most appropriate and convenient courts to settle Disputes and accordingly no Party will argue to the contrary.
	 	 	 
	 	This clause 9.2 is for the benefit of the Finance Parties only.  As a result, no Finance Party shall be prevented from taking proceedings relating to a Dispute in any other courts with jurisdiction.  To the extent allowed by law, the Finance Parties may take concurrent proceedings in any number of jurisdictions.
	 	 	 
	This Deed has been duly executed and delivered as a deed on the date stated at the beginning of this Deed.

    	6

    	

    

Schedule 1

Documents and evidence required as conditions precedent

 

(referred to in clause 5.1)

 

	1	Relevant Parties’ corporate documents
	 	 	 	 
	 	(a)	A copy of the Constitutional Documents of MLP and GPHL (and confirmation from an officer of each other Relevant Party that no changes have been made to the Constitutional Documents of each other Relevant Party from the copies previously provided to the Agent under the Facility Agreement).
	 	 	 	 
	 	(b)	A copy of a resolution of the board of directors of each Relevant Party (or any committee of such board empowered to approve and authorise the following matters):
	 	 	 	 
	 	 	(i)	approving and/or ratifying the terms of, and the transactions contemplated by, this Deed, the MLP Guarantee and the GPHL Guarantee (Relevant Documents) to which it is a party and resolving that it execute the Relevant Documents to which it is a party;
	 	 	 	 
	 	 	(ii)	authorising a specified person or persons to execute the Relevant Documents on its behalf and/or ratifying the execution of the Relevant Documents; and
	 	 	 	 
	 	 	(iii)	authorising a specified person or persons, on its behalf, to sign and/or despatch all documents and notices to be signed and/or despatched by it under or in connection with the Relevant Documents to which it is a party and/or ratifying the signing and/or despatch of all such documents and notices.
	 	 	 	 
	 	(c)	If applicable, a copy of a resolution of the board of directors of the relevant company, establishing any committee referred to in paragraph (b) above and conferring authority on that committee.
	 	 	 	 
	 	(d)	(If required under the Constitutional Documents of the Relevant Parties or Marshall Islands or Bermudian law), a copy of a resolution signed by all the holders of the issued shares in each Relevant Party, approving the terms of, and the transactions contemplated by, the Relevant Documents to which such Relevant Party is a party.
	 	 	 	 
	 	(e)	A copy of any power of attorney under which any person is to execute any of the Relevant Documents on behalf of any Relevant Party.
	 	 	 	 
	 	(f)	A certificate of an authorised signatory of each Relevant Party certifying that each copy document relating to it specified in this Schedule is correct, complete and in full force and effect as at a date no earlier than the date of this Deed and that any such resolutions or power of attorney have not been revoked.

    	7

    	

    
	2	Legal opinions
	 	 	 
	 	(a)	A legal opinion of Norton Rose Fulbright Greece addressed to the Arranger, the Security Agent and the Agent and for the benefit of all the Finance Parties on matters of English law, substantially in the form approved by the Agent prior to signing this Deed.
	 	 	 
	 	(b)	A legal opinion of the legal advisers to the Arranger, the Security Agent and the Agent in each jurisdiction in which each Relevant Party is incorporated or which is required by the Lenders in substantially in the form approved by the Agent prior to signing this Deed.
	 	 	 
	3	Other documents and evidence
	 	 	 
	 	(a)	Evidence that any process agent referred to in the Relevant Documents has accepted its appointment.
	 	 	 
	 	(b)	A copy of any other authorisation or other document, opinion or assurance which the Agent considers to be necessary or desirable in connection with the entry into and performance of the transactions contemplated by any Relevant Document or for the validity and enforceability of any Relevant Document.
	 	 	 
	4	“Know your customer” information
	 	 	 
	 	Such documentation and information in respect of the Relevant Parties as any Finance Party may reasonably request through the Agent to comply with “know your customer” or similar identification procedures under all laws and regulations applicable to that Finance Party.
	 	 	 
	5	Sale
	 	 	 
	 	(a)	Approval of the arrangements for completion of the Sale and that all the shares in GPHL are owned by MLP.
	 	 	 
	 	(b)	Evidence satisfactory to the Agent that all of the shares in the Gas-sixteen Borrower and the Gas-seventeen Borrower are legally and beneficially owned by GPHL.
	 	 	 
	6	Guarantees
	 	 	 
	 	(a)	The GPHL Guarantee duly executed by GPHL. 
	 	 	 
	 	(b)	The MLP Guarantee duly executed by MLP.

    	8

    	

    

Schedule 2

Form of Effective Date Notice

 

	To:	Gas-sixteen Ltd.
	 	Gas-seventeen Ltd.
	 	Gas-eighteen Ltd.

 

Supplemental Deed dated ____, 2014 (the “Deed”)
relating to a US$325,500,000 loan to GAS-sixteen Ltd., GAS-seventeen Ltd. and Gas-eighteen Ltd.

 

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

 

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

 

	 	 
	for and on behalf of 	 
	CITIBANK INTERNATIONAL PLC	 
	as Agent	 

    	9

    	

    

	BORROWERS	 	 	 	 
	 	 	 	 	 
	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	GAS-SIXTEEN LTD.	 	)	Authorised Signatory	 
	in the presence of 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	Address:	 	 	 	 
	Occupation:	 	 	 	 
	 	 	 	 	 
	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	GAS-SEVENTEEN LTD.	 	)	Authorised Signatory	 
	in the presence of 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	Address:	 	 	 	 
	Occupation:	 	 	 	 
	 	 	 	 	 
	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	GAS-EIGHTEEN LTD.	 	)	Authorised Signatory	 
	in the presence of 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	Address:	 	 	 	 
	Occupation:	 	 	 	 
	 	 	 	 	 
	PRINCIPAL GUARANTORS	 	 	 	 
	 	 	 	 	 
	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	GASLOG LTD.	 	)	 	 
	in the presence of 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	Address:	 	 	 	 
	Occupation:	 	 	 	 

    	10

    	

    

	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	GASLOG CARRIERS LTD.	 	)	 	 
	in the presence of 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	Address:	 	 	 	 
	Occupation:	 	 	 	 
	 	 	 	 	 
	MANAGERS	 	 	 	 
	 	 	 	 	 
	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	GASLOG LNG SERVICES LTD.	 	)	 	 
	in the presence of 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	Address:	 	 	 	 
	Occupation:	 	 	 	 
	 	 	 	 	 
	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	GASLOG LTD	 	)	 	 
	in the presence of 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	Address:	 	 	 	 
	Occupation:	 	 	 	 
	 	 	 	 	 
	FINANCE PARTIES	 	 	 	 
	 	 	 	 	 
	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	CITIBANK, N.A., LONDON BRANCH	 	)	Authorised Signatory	 
	(as Arranger and Bookrunner)	 	)	 	 
	in the presence of 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	Address:	 	 	 	 
	Occupation:	 	 	 	 

    	11

    	

    

	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	CITIBANK INTERNATIONAL PLC, LONDON BRANCH	)	Authorised Signatory	 
	(as Lender)	 	)	 	 
	in the presence of 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	Address:	 	 	 	 
	Occupation:	 	 	 	 
	 	 	 	 	 
	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	CITIBANK INTERNATIONAL PLC	 	)	Authorised Signatory	 
	(as Agent)	 	)	 	 
	in the presence of 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	Address:	 	 	 	 
	Occupation:	 	 	 	 
	 	 	 	 	 
	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	CITIBANK, N.A., LONDON BRANCH	 	)	Authorised Signatory	 
	(as Security Agent)	 	)	 	 
	in the presence of 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	Address:	 	 	 	 
	Occupation:	 	 	 	 
	 	 	 	 	 
	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	NORDEA BANK FINLAND PLC, LONDON BRANCH	)	Authorised Signatory	 
	(as Lender)	 	)	 	 
	in the presence of 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	Address:	 	 	 	 
	Occupation:	 	 	 	 

    	12

    	

    

	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	DVB BANK AMERICA N.V.	 	)	Authorised Signatory	 
	(as Lender)	 	)	 	 
	in the presence of 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	Address:	 	 	 	 
	Occupation:	 	 	 	 
	 	 	 	 	 
	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	ABN AMRO BANK N.V.	 	)	Authorised Signatory	 
	(as Lender)	 	)	 	 
	in the presence of 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	Address:	 	 	 	 
	Occupation:	 	 	 	 
	 	 	 	 	 
	EXECUTED as a DEED by	 	)	 	 
	for and on behalf of	 	)	 	 
	COMMONWEALTH BANK OF AUSTRALIA	)	Authorised Signatory	 
	(as Lender)	 	)	 	 
	in the presence of 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Witness	 	 	 	 
	Name:	 	 	 	 
	Address:	 	 	 	 
	Occupation:	 	 	 	 

    	13Exhibit 10.27

 

This Indemnification Agreement (this
“Agreement”) is made as of [date of agreement] by and between GasLog Partners LP, a Marshall Islands limited
partnership (the “Partnership”), and [name of indemnitee] (the “Indemnitee”).

 

WHEREAS it is essential to the Partnership to retain and
attract as Directors and Officers the most capable persons available,

 

WHEREAS on [date of appointment or election], the Indemnitee
was [appointed] [elected] as [the] [a] [position of Indemnitee] of the Partnership,

 

WHEREAS the Amended and Restated Partnership Agreement of
the Partnership (the “Partnership Agreement”) requires indemnification of the directors and officers of the
Partnership to the fullest extent permitted under the Limited Partnership Act of The Republic of the Marshall Islands, as amended,
supplemented or restated from time to time, and any successor to such statute, except in matters involving fraud or dishonesty
on the part of such persons,

 

WHEREAS it is the express policy of the Partnership to indemnify
their Directors and Officers so as to provide them with the maximum possible protection permitted by law, and

 

WHEREAS the Partnership does not regard the protection available
to the Indemnitee as adequate in the present circumstances, and realizes that the Indemnitee may not be willing to serve as a Director
and/or Officer without adequate protection, and the Partnership desires the Indemnitee to serve in such capacity;

 

NOW, THEREFORE, in consideration of the Indemnitee’s
agreement to serve as a [position of Indemnitee], the parties agree as follows:

 

1. Definitions

 

1.1 As used in this Agreement:

 

(a) The term “Proceeding”
shall include any threatened, pending or completed action, suit or proceeding, whether brought by or in the right of the GasLog
Ltd., a Bermuda exempted company and parent of the Partnership (the “Company”), the Partnership or otherwise
and whether of a civil, criminal, administrative or investigative nature;

 

(b) The term “Expenses” shall
include, but is not limited to, (i) expenses of investigations, judicial or administrative proceedings or appeals, (ii) damages,
judgments, fines, amounts paid in settlement by or on behalf of the Indemnitee,

    	 

    		2

    

(iii) attorneys’ fees and disbursements and
(iv) any expenses of establishing a right to indemnification under this Agreement; and

 

(c) The terms “Director” and
“Officer” shall include the Indemnitee’s service at the request and for the benefit of the Partnership
as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise as well
as a Director and/or Officer of the Partnership.

 

2. Indemnity of Director and/or
Officer

 

Subject only to the limitations set forth in
Section 3, the Partnership will pay on behalf of the Indemnitee all Expenses actually and reasonably incurred by the Indemnitee
because of any claim or claims made against him in a Proceeding by reason of the fact that he will be, or is or was a Director
and/or Officer for or on behalf of the Partnership. The Partnership will also pay all such Expenses relating to the Indemnitee’s
acting as a witness in a Proceeding and in respect of any Proceeding relating to this Agreement or with respect to the Indemnitee’s
entitlement to indemnification by the Company or by the Partnership pursuant to the Partnership Agreement or any statute, rule
or otherwise.

 

3. Limitations on Indemnity

 

3.1 The Partnership shall not be obligated
under this Agreement to make any payment of Expenses to the Indemnitee:

 

(a) if such payment is prohibited by applicable
law;

 

(b) for which payment is actually made to the
Indemnitee under an insurance policy, except in respect of any excess beyond the amount of payment under such insurance;

 

(c) for which payment the Indemnitee is indemnified
by the Company or by the Partnership otherwise than pursuant to this Agreement;

 

(d) resulting from a claim decided in a Proceeding
adversely to the Indemnitee based upon or attributable to the Indemnitee gaining in fact any personal profit or advantage to which
he was not legally entitled;

 

(e) brought about or contributed to by the fraud
or dishonesty of the Indemnitee seeking payment hereunder; provided, however, that the Indemnitee shall be indemnified
under this Agreement as to any claims upon which suit may be brought against him by reason of any alleged dishonesty on his part,
unless it shall be decided in a Proceeding that he committed (i) acts of active and deliberate dishonesty, (ii) with actual dishonest
purpose and intent, and (iii) which acts were material to the cause of action so adjudicated.

 

3.2 For purposes of Sections 3 and 4,
the phrase “decided in a Proceeding” shall mean a decision by a court, arbitrator(s), hearing officer or other judicial
agent

    	 

    		3

    

having the requisite legal authority to make such a decision, which decision has become final and from which no appeal or
other review proceeding is permissible.

 

4. Advance Payment of Costs

 

4.1 Expenses incurred by the Indemnitee
in defending a claim against him in a Proceeding shall be paid promptly by the Partnership as incurred and in advance of the final
disposition of such Proceeding; provided, however, that Expenses of defence need not be paid as incurred and in advance
where it is decided in a Proceeding that the Indemnitee is not entitled to be indemnified pursuant to this Agreement.

 

4.2 The Indemnitee hereby agrees and undertakes
to repay such amounts advanced if it shall be decided in a Proceeding that he is not entitled to be indemnified by the Partnership
pursuant to this Agreement or otherwise. The Indemnitee shall not be required to post bond or other security to support this undertaking.

 

5. Enforcement

 

If a claim under this Agreement is not paid by
the Partnership, or on its behalf, within 10 business days after a written claim has been received by the Partnership, the Indemnitee
may at any time thereafter bring suit against the Partnership to recover the unpaid amount of the claim and if successful in whole
or in part, the Indemnitee shall also be entitled to be paid the Expenses of prosecuting such claim.

 

6. Subrogation

 

In the event of payment under this Agreement,
the Partnership shall be subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee, who shall
execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of such
documents necessary to enable the Partnership effectively to bring suit to enforce such rights.

 

7. Insurance

 

The Partnership shall maintain an insurance policy
providing directors’ and officers’ liability insurance in such amounts as the Partnership shall reasonably determine
to be prudent for similarly situated companies whose securities are listed on the New York Stock Exchange, and the Indemnnitee
shall be entitled to coverage under the insurance policy up to the maximum coverage made available for any director or officer
of the Partnership.

 

8. Partnership Assumption of Defence

 

The Partnership shall be entitled to participate
in the defence of any Proceeding or to assume the defence thereof, with counsel approved by the Indemnitee, which approval shall
not be unreasonably withheld, conditioned or delayed, upon the delivery to the Indemnitee of written notice of its election to
do so; provided, however, that in the event that (i) the use of counsel chosen by the Partnership to represent the
Indemnitee would

    	 

    		4

    

present such counsel with an actual or potential conflict, (ii) the named parties in any such Proceeding (including
any impleaded parties) include both the Partnership and the Indemnitee and the Indemnitee shall conclude that there may be one
or more legal defences available to him that are different from or in addition to those available to the Partnership or (iii) any
such representation by the Partnership would be precluded under the applicable standards of professional conduct then prevailing,
then the Indemnitee will be entitled to retain separate counsel (but not more than one law firm plus, if applicable, local counsel
in respect of any particular Proceeding) at the Partnership’s expense subject to the other terms and conditions of this Agreement.

 

9. Notice

 

9.1 The Indemnitee, as a condition precedent
to his right to be indemnified under this Agreement, shall give to the Partnership notice in writing as soon as practicable of
any claim made against him for which indemnity will or could be sought under this Agreement, together with such information and
cooperation as it may reasonably require.

 

9.2 Notice to the Partnership shall be
given at its principal office and shall be directed to the Partnership’s Secretary (or such other address as the Partnership
shall designate in writing to the Indemnitee).

 

9.3 Notice shall be deemed received if
sent by prepaid mail properly addressed, the date of such notice being the date postmarked.

 

9. Saving Clause

 

If this Agreement or any portion thereof shall
be invalidated on any ground by any court of competent jurisdiction, the Partnership shall nevertheless indemnify the Indemnitee
to the full extent permitted by any applicable portion of this Agreement that shall not have been invalidated or by any other applicable
law.

 

10. Indemnification Hereunder Not
Exclusive

 

Nothing herein shall be deemed to diminish or
otherwise restrict the Indemnitee’s right to indemnification under any provision of the constitutional documents of the Company
or the Partnership, under Bermuda or Marshall Islands law or under any contract or agreement or otherwise.

 

11. Applicable Law

 

The terms and conditions of this Agreement and
the rights of the parties hereunder shall be governed by and construed in all respects in accordance with the laws of the Republic
of the Marshall Islands. The parties to this Agreement hereby irrevocably agree that the Court of Chancery of the State of Delaware
(or, if such court does not have subject matter jurisdiction thereof, any other court located in the State of Delaware with subject
matter jurisdiction), unless otherwise provided for by Marshall Islands law, shall have exclusive jurisdiction in respect of any
dispute, suit, action, arbitration or

    	 

    		5

    

proceedings which may arise out of or in connection with this Agreement and waive any objection
to such proceedings in the Court of Chancery of the State of Delaware (or, if such court does not have subject matter jurisdiction
thereof, any other court located in the State of Delaware with subject matter jurisdiction), unless otherwise provided for by Marshall
Islands law, on the grounds of venue or on the basis that they have been brought in an inconvenient forum.

 

12. Changes in Law

 

In the event that a change in applicable law
after the date of this Agreement, whether by statute, rule or judicial decision, expands or otherwise increases the right or ability
of a Marshall Islands limited partnership to indemnify (or to otherwise pay or advance Expenses as to any Proceeding for the benefit
of) a member of its board of directors or an officer of the Partnership, the Indemnitee shall, by this Agreement, enjoy the greater
benefits so afforded by such change. In the event that a change in applicable law after the date of this Agreement, whether by
statute, rule or judicial decision, narrows or otherwise reduces the right or ability of a Marshall Islands limited partnership
to indemnify (or to otherwise pay or advance Expenses as to any Proceeding for the benefit of) a member of its board of directors
or an officer of the Partnership, such change shall have no effect on this Agreement or any of the Indemnitee’s rights hereunder,
except and only to the extent required by law.

 

13. Counterparts

 

This Agreement may be executed in any number
of counterparts, each of which shall constitute the original.

 

14. Successors and Assigns

 

This Agreement shall be binding upon the Partnership
and its successors and assigns.

 

15. Continuation of Indemnification

 

The indemnification under this Agreement shall
continue as to the Indemnitee even though he may have ceased to be a Director and/or Officer and shall inure to the benefit of
the heirs and personal representatives of the Indemnitee.

 

16. Coverage of Indemnification

 

The indemnification under this Agreement shall
cover the Indemnitee’s service as a Director and/or Officer prior to or after the date of the Agreement.

    	 

    		6

    

AGREED by the Parties through their authorised signatories on the
date first written above:

 

For, and on behalf of

 

GasLog Partners LP

 

 

	By	 	 	 	 
	 	[name]	 	[name]	 
	 	[position]

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