Document:

Document

Exhibit 10.68

THIRD AMENDMENT TO  
COMMON SECURITY AND ACCOUNT AGREEMENT

This Third Amendment, dated as of November 16, 2020 (the “Third Amendment”), amends the Amended and Restated Common Security and Account Agreement, dated as of May 22, 2018 (as amended by the First Amendment, dated as of November 28, 2018, the Second Amendment, dated as of August 30, 2019, and as further amended, amended and restated, modified or supplemented from time to time, the “Common Security and Account Agreement”), by and among Cheniere Corpus Christi Holdings, LLC (the “Company”), Corpus Christi Liquefaction, LLC, Cheniere Corpus Christi Pipeline, L.P. and Corpus Christi Pipeline GP, LLC (the “Guarantors” and, together with the Company, the “Securing Parties”), the Senior Creditor Group Representatives party thereto and that accede thereto from time to time, for the benefit of all Senior Creditors, Société Générale as Intercreditor Agent for the Facility Lenders and any Hedging Banks, Société Générale as Security Trustee, and Mizuho Bank, Ltd. as Account Bank.  All capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in the Common Security and Account Agreement.

WHEREAS, pursuant to Section 4.5 (Deposits and Withdrawals), prior to the Project Completion Date, the Operating Account must be funded from the Construction Account and the Construction Account may be funded from the Equity Proceeds Account and the Loan Parties wish to enter into this Third Amendment in order to permit cash to move directly from the Equity Proceeds Account to the Operating Account;

WHEREAS, pursuant to Schedule A (Common Definitions and Rules of Interpretation – Interpretation), any Gas Hedging Instrument entered into by a Loan Party must meet certain criteria to be permitted under the Finance Documents and as Train Three is expected to achieve Substantial Completion in early 2021, to reflect the needs of the Project, the Loan Parties wish to enter into this Third Amendment in order to increase the maximum volumes permitted for Gas Hedging Instruments;

WHEREAS, the Loan Parties have requested revisions to certain other definitions in Schedule A (Common Definitions and Rules of Interpretation – Interpretation) to the Common Terms Agreement and the Loan Parties wish to enter into this Third Amendment in order revise such definitions in Schedule A (Common Definitions and Rules of Interpretation – Interpretation) to the Common Security and Account Agreement; 

WHEREAS, pursuant to Section 12.14(a) (Amendments) of the Common Security and Account Agreement, the Security Trustee may execute this amendment with the consent of the Intercreditor Agent pursuant to Section 7.2(a)(i) (Modification Approval Levels – Modifications to this Agreement) thereof; and 

WHEREAS, pursuant to the Intercreditor Agreement, the Requisite Intercreditor Parties have authorized the Intercreditor Agent to instruct the Security Trustee to amend

 the Common Security and Account Agreement as set forth herein.

NOW, THEREFORE, in consideration of the mutual covenants contained herein, and subject to the terms and conditions herein set forth, the parties hereto agree as follows:

Section 1. Amendment to Common Security and Account Agreement.  The Company, the Guarantors and the Security Trustee each agree that the Common Security and Account Agreement is hereby amended by:

(a)adding the words “or to the Operating Account in accordance with clause (e) (Operating Account)” at the end of clause (B) of Section 4.5(b)(i) (Equity Proceeds Account).

(b)adding the words “the Equity Proceeds Account and/or” to Section 4.5(e)(i) (Operating Account) immediately prior to the words “the Construction Account”.

(c) amending the following definitions in Section 1.3 (Definitions) of Schedule A (Common Definitions and Rules of Interpretation – Interpretation) by inserting the double-underlined text (example: double-underlined text) and deleting the stricken text (example: stricken text) as set forth below:

“Permitted Hedging Instrument” means a Hedging Instrument entered into by a Loan Party in the ordinary course of business and that (i) is with a Hedging Bank, a Gas Hedge Provider, a Power Hedge Provider or any other party that is a counterparty to a Hedging Instrument, (ii) if secured, is of the type referred to in clause (a) or (b) of the definition of Hedging Instrument and (iii) is entered for non-speculative purposes and is on arm’s-length terms; provided that (a) if such Hedging Instrument is a Gas Hedging Instrument, it is for a period not to exceed the three prompt month contracts (or in the case of Basis Swaps, thirty six months) and the aggregate quantum under all Permitted Hedging Instruments are limited to the following: (1) Futures Contracts, Fixed-Floating Futures Swaps, NYMEX Natural Gas Futures Contracts and Swing Swaps does not exceed 50 TBtu for gas hedging purposes for up to a maximum of 72.5 TBtu of gas utilizing intra-month and up to three prompt month contracts, (2) Index Swaps does not exceed 23.25 TBtus for gas hedging purposes for up to a maximum of 34.9 TBtu per month of gas utilizing up to three prompt month contracts, and (3) Basis Swaps does not exceed 23.25 TBtus for gas hedging purposes for up to a maximum of 34.9 TBtu per month with a tenor up to 36 months, where the limitations in each of the categories described in sub-clauses (1), (2) and (3) are not aggregated, and (b) if such Hedging Instrument is a Power Hedging Instrument, the aggregate quantum under such Hedging Instrument does not exceed 3,650,000 megawatt hours and each such Hedging Instrument is for a period not to exceed sixty months where the first month is the month in which the power hedging contract is executed.
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 “Permitted Hedging Instrument” includes any “Permitted Senior Debt Hedging Instrument.” 
“Power Hedging Instruments” means electricity financial commodity derivative transactions, including but not limited to swaps, options contracts, futures contracts, options on futures contracts, caps, floors, collars or any other similar arrangements, entered into by any Loan Party related to movements in electricity electrical power prices.  For the avoidance of doubt, a transaction for physical electrical power and related products shall not constitute a Power Hedging Instrument.

“Subsequent Material Project Agreements” means any contract, agreement, letter agreement or other instrument (other than a Real Property Document) to which a Loan Party becomes a party after the Second Phase Closing Date that:
(a)replaces or substitutes for an existing Material Project Agreement;
(b)with respect to any Gas supply contract between any Loan Party and any Gas supplier or any Gas transportation contract between any Loan Party and any Qualified Transporter, (i) contains obligations and liabilities that are in excess of $20 million per year and (ii) is for a term that is greater than seven years;
(c)is a CCP Construction Contract [reserved];
(d)except as provided in clause (b) and (c) above or clause (f) below, (i) contains obligations and liabilities that are in excess of $50 million over its term (including after taking into account all amendments, amendments and restatements, supplements, or waivers to any such contract, agreement, letter agreement or other instrument) and (ii) is for a term that is greater than seven years; provided that the following shall not constitute Subsequent Material Project Agreements: (A) any construction contracts entered into following the Second Phase Closing Date, until such time as any Loan Party has entered into construction contracts following the Second Phase Closing Date that contain obligations and liabilities which in the aggregate are equal to at least $100 million, (B) any LNG SPAs that are not Qualifying LNG SPAs and any guarantee thereof, (C) prior to the incurrence of any PDE Senior Debt, any contract, agreements, letter agreement or other instrument containing obligations or liabilities of a Loan Party which is not effective by its terms unless and until PDE Senior Debt is incurred and (D) prior to the incurrence of any Expansion Senior Debt following the Second Phase Closing Date, any contract, agreement, letter agreement or other instrument containing obligations or liabilities which is not effective by its terms unless and until the Expansion Senior Debt is incurred; or
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(e)is a guarantee provided in favor of any Loan Party by a guarantor or a counterparty under a Subsequent Material Project Agreement; or
(f)is a physical electricity purchase contract, agreement, letter agreement or other instrument and the Intercreditor Agent has required designation thereof as a Subsequent Material Project Agreement in connection with any consent, waiver or approval provided by it for entry into such contract, agreement, letter agreement or other instrument pursuant to Section 12.30 (Electricity Purchase Agreements) of the Common Terms Agreement.

For the purposes of this definition (other than with respect to clause (f)), any series of related transactions shall be considered as one transaction, and all contracts, agreements, letter agreements or other instruments in respect of such transactions shall be considered as one contract, agreement, letter agreement or other instrument, as applicable.  Subsequent Material Project Agreements that are executed in a form previously attached to a Material Project Agreement (or Subsequent Material Project Agreement approved by the Intercreditor Agent (acting at the direction of the Requisite Intercreditor Parties)) will not be subject to the prior Intercreditor Agent approval requirements set forth in Section 12.5 (Material Project Agreements) of the Common Terms Agreement; provided that, the notice requirements in Section 10.3(o) and 10.3(p) shall apply to such Subsequent Material Project Agreements.

Section 2.  Effectiveness.  This Third Amendment shall be effective upon (x) the receipt by the Intercreditor Agent of executed counterparts of this Third Amendment by the Company and each Guarantor and (y) the execution of this Third Amendment by the Intercreditor Agent.

Section 3.  Finance Document.  This Third Amendment constitutes a Finance Document as such term is defined in, and for purposes of, the Amended and Restated Common Terms Agreement, dated as of May 22, 2018, as amended by the First Amendment, dated as of November 28, 2018, the Second Amendment, dated as of August 30, 2019, the Third Amendment, dated as of November 8, 2019, the Fourth Amendment, dated as of November 26, 2019 and as further amended, amended and restated, modified or supplemented from time to time, by and among the Securing Parties, Société Générale as the Term Loan Facility Agent, The Bank of Nova Scotia as the Working Capital Facility Agent, each other Facility Agent on behalf of its respective Facility Lenders and Société Générale as the Intercreditor Agent.

Section 4.  GOVERNING LAW.  THIS THIRD AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, UNITED STATES WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF THE LAW OF ANY OTHER JURISDICTION.

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Section 5.  Headings.  All headings in this Third Amendment are included only for convenience and ease of reference and shall not be considered in the construction and interpretation of any provision hereof.

Section 6.  Binding Nature and Benefit.  This Third Amendment shall be binding upon and inure to the benefit of each party hereto and their respective successors and permitted transfers and assigns.

Section 7.  Counterparts.  This Third Amendment may be executed, manually or electronically, in multiple counterparts, each of which shall be deemed an original for all purposes, but all of which together shall constitute one and the same instrument.  Delivery of an executed counterpart of a signature page of this Third Amendment by facsimile or in electronic document format (e.g., “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Third Amendment.

Section 8.  No Modifications; No Other Matters.  Except as expressly provided for herein, the terms and conditions of the Common Security and Account Agreement shall continue unchanged and shall remain in full force and effect.  Each amendment granted herein shall apply solely to the matters set forth herein and such amendment shall not be deemed or construed as an amendment of any other matters, nor shall such amendment apply to any other matters.

Section 9.  Electronic Execution of Documents.  The words “execution,” “execute”, “signed,” “signature,” and words of like import in or related to any document to be signed in connection with this Third Amendment and the transactions contemplated hereby shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

[Signature pages follow]
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IN WITNESS WHEREOF, the parties have caused this Third Amendment to the Common Security and Account Agreement to be duly executed and delivered as of the day and year first above written.

                                                               									
	CHENIERE CORPUS CHRISTI
	HOLDINGS, LLC, as the Company

			
			
	By:	/s/ Lisa C. Cohen
		Name:   Lisa Cohen
		Title:   Treasurer

                                                               									
	CORPUS CHRISTI LIQUEFACTION,
	LLC, as Guarantor

			
			
	By:	/s/ Lisa C. Cohen
		Name:   Lisa Cohen
		Title:   Treasurer

                                                                                                                                                                                                                                                                                                                             

                                                               									
	 CHENIERE CORPUS CHRISTI 
	PIPELINE, L.P., as Guarantor

			
			
	By:	/s/ Lisa C. Cohen
		Name:   Lisa Cohen
		Title:   Treasurer

                                                               									
	CORPUS CHRISTI PIPELINE GP, LLC,
	as Guarantor
			
			
	By:	/s/ Lisa C. Cohen
		Name:   Lisa Cohen
		Title:   Treasurer

SIGNATURE PAGE TO THIRD AMENDMENT TO CCH A&R COMMON SECURITY AND ACCOUNT AGREEMENT

IN WITNESS WHEREOF, the parties have caused this Third Amendment to the Common Security and Account Agreement to be duly executed and delivered as of the day and year first above written.

                                                              									
	SOCIÉTÉ GÉNÉRALE,

	as Security Trustee
			
			
	By:	/s/ Ellen Turkel
		Name:   Ellen Turkel
		Title:   Director

SIGNATURE PAGE TO THIRD AMENDMENT TO CCH A&R COMMON SECURITY AND ACCOUNT AGREEMENT

IN WITNESS WHEREOF, the parties have caused this Third Amendment to the Common Security and Account Agreement to be duly executed and delivered as of the day and year first above written.

                                                              									
	SOCIÉTÉ GÉNÉRALE,

	as Intercreditor Agent, on its own behalf and on behalf of the Intercreditor Parties, solely for purposes of consenting to the Security Trustee’s execution of the amendment pursuant to Section 7.2(a)(i) of the Common Security and Account Agreement
			
			
	By:	/s/ Ellen Turkel
		Name:   Ellen Turkel
		Title:   Director

SIGNATURE PAGE TO THIRD AMENDMENT TO CCH A&R COMMON SECURITY AND ACCOUNT AGREEMENTDocument

Exhibit 10.88
CHANGE ORDER
Third Berth Soil Preparation Provisional Sum Interim Adjustment Change Order
						
	PROJECT NAME:  Sabine Pass LNG Stage 4 Liquefaction Facility

OWNER:  Sabine Pass Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: November 7, 2018
	CHANGE ORDER NUMBER: CO-00030

DATE OF CHANGE ORDER: September 16, 2020

			
	

The Agreement between the Parties listed above is changed as follows: 

1.Pursuant to the instructions in the Soils Preparation Provisional Sum in Section 2.6 of Attachment EE, Schedule EE-4 of the Agreement, this Change Order amends the Soils Preparation Provisional Sum amount based on the Final Soils Preparation Basis Documents.

2.The Soils Preparation Provisional Sum in Section 2.6 of Attachment EE, Schedule EE-4 of the Agreement prior to this Change Order was Five Million, Six Hundred Seventeen Thousand U.S. Dollars (U.S. $5,617,000).  The Soils Preparation Provisional Sum is hereby increased by One Million, Nine Hundred Eighty-Three Thousand, Two Hundred Sixty U.S. Dollars (U.S. $1,983,260) and the new value as amended by this Change Order shall be Seven Million, Six Hundred Thousand, Two Hundred Sixty U.S. Dollars (U.S. $7,600,260).

3.The detailed cost breakdown for this Change Order is detailed in Exhibit A of this Change Order. 

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

5.The final adjustment to the Soils Preparation Provisional Sum actual costs incurred will be made in accordance with Section 2.6 of Attachment EE, Schedule EE-4 of the Agreement.

			
	

Adjustment to Contract Price Applicable to Subproject 6(a)
												
	1.	The original Contract Price Applicable to Subproject 6(a) was.................................................................	$	2,016,892,573 	
	2.	Net change for Contract Price Applicable to Subproject 6(a) by previously authorized Change Orders (#01-08, 10-13, 15, 17-18, 21-22, 24, 28 & 29) 	$	(16,842,054)	
	3.	The Contract Price Applicable to Subproject 6(a) prior to this Change Order was...................................	$	2,000,050,519 	
	4.	The Contract Price Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of....................................................................................................................................................	$	— 	
	5.	The Provisional Sum Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of....................................................................................................................................................	$	— 	
				
	6.	The Contract Price Applicable to Subproject 6(a) including this Change Order will be...................	$	2,000,050,519 	

			
	

Adjustment to Contract Price Applicable to Subproject 6(b)
												
	7.	The original Contract Price Applicable to Subproject 6(b) (in CO-00009) was	$	457,696,000 	
	8.	Net change for Contract Price Applicable to Subproject 6(b) by previously authorized Change Orders (#14, 16, 19-20, 23, & 25-27)	$	6,111,453 	
	9.	The Contract Price Applicable to Subproject 6(b) prior to this Change Order was..................................	$	463,807,453 	
	10.	The Contract Price Applicable to Subproject 6(b) will be unchanged by this Change Order...................	$	— 	
	11.	The Provisional Sum Applicable to Subproject 6(b) will be increased by this Change Order..................	$	1,983,260 	
	12.	The Contract Price Applicable to Subproject 6(b) including this Change Order will be...................	$	465,790,713 	

			
	

Adjustment to Contract Price
												
	13.	The original Contract Price for Subproject 6(a) and Subproject 6(b) was (add lines 1 and 7)	$	2,474,588,573 	
	14.	The Contract Price prior to this Change Order was (add lines 3 and 9)....................................................	$	2,463,857,972 	
	15.	The Contract Price will be increased by this Change Order in the amount of (add lines 4, 5, 10 and 11).........	$	1,983,260 	
	16.	The new Contract Price including this Change Order will be (add lines 14 and 15)	$	2,465,841,232 	

			
	

Adjustment to dates in Project Schedule for Subproject 6(a)
The following dates are modified: N/A
Adjustment to other Changed Criteria for Subproject 6(a):  N/A
Adjustment to Payment Schedule for Subproject 6(a):  N/A
Adjustment to Minimum Acceptance Criteria for Subproject 6(a):  N/A
Adjustment to Performance Guarantees for Subproject 6(a):  N/A
Adjustment to Design Basis for Subproject 6(a):  N/A
Other adjustments to liability or obligations of Contractor or Owner under the Agreement for Subproject 6(a): N/A

Adjustment to dates in Project Schedule for Subproject 6(b)
The following dates are modified:  N/A
Adjustment to other Changed Criteria for Subproject 6(b): N/A
Adjustment to Payment Schedule for Subproject 6(b):  Yes; see Exhibit B
Adjustment to Design Basis for Subproject 6(b):  N/A
Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A
Select either A or B:
[A] This Change Order shall constitute a full and final settlement and accord and satisfaction of all effects of the change reflected in this Change Order upon the Changed Criteria and shall be deemed to compensate Contractor fully for such change.  Initials:  ____ Contractor  ____ Owner

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

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

									
	/s/ David Craft		/s/ Maurissa D. Rogers
	Owner		Contractor
	David Craft		Maurissa D. Rogers
	Name		Name
	SVP E&C		Sr Project Manager, PVP
	Title		Title
	September 29, 2020		September 17, 2020
	Date of Signing		Date of Signing

CHANGE ORDER
Provisional Sum Consolidation (PAB, Taxes & Insurance)
						
	PROJECT NAME:  Sabine Pass LNG Stage 4 Liquefaction Facility

OWNER:  Sabine Pass Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: November 7, 2018
	CHANGE ORDER NUMBER: CO-00031

DATE OF CHANGE ORDER: October 02, 2020

			
	

The Agreement between the Parties listed above is changed as follows: 

1.In accordance with Section 6.2 of the Agreement (Change Orders Requested by Contractor), the Parties agree this Change Order combines the following Provisional Sum Items from Schedule EE-4 of Attachment EE of the Agreement for Subproject 6(b) to Schedule EE-2 of Attachment EE of the Agreement for Subproject 6(a).

1.1.Louisiana Sales and Use Tax Provisional Sum

The current Aggregate Provisional Sum in Section 2.1 of Schedule EE-2 of Attachment EE of the Agreement contains a Provisional Sum of Thirty-Five Million, One Hundred Ninety-Five Thousand, Seven Hundred Ninety-Two U.S. Dollars (U.S. $35,195,792) for Louisiana Sales and Use Taxes arising in connection with the Work (“Louisiana Sales and Use Tax Provisional Sum”) for Subproject 6(a).

The current Aggregate Provisional Sum in Section 2.1 of Schedule EE-3 of Attachment EE of the Agreement contains a Provisional Sum of Seven Million, Three Hundred Forty-Eight Thousand U.S. Dollars (U.S. $7,348,000) for Louisiana Sales and Use Taxes arising in connection with the Work (“Louisiana Sales and Use Tax Provisional Sum”) for Subproject 6(b).

By way of this Change Order, the Louisiana Sales and Use Tax Provisional Sum in Section 2.1 of Schedule EE-3 of Attachment EE of the Agreement shall be decreased by Seven Million, Three Hundred Forty-Eight Thousand U.S. Dollars (U.S. $7,348,000), and transferred to the Louisiana Sales and Use Tax Provisional Sum in Section 2.1 of Schedule EE-2 of Attachment EE of the Agreement, and the new value of the Aggregate Louisiana Sales and Use Tax Provisional Sum is Forty-Two Million, Five Hundred Forty-Three Thousand, Seven Hundred Ninety-Two U.S. Dollars (U.S. $42,543,792).

1.2.Performance and Attendance Bonus (“PAB”) Provisional Sum

The current Aggregate Provisional Sum in Section 2.2 of Schedule EE-2 of Attachment EE of the Agreement contains a Provisional Sum of Thirty-Seven Million U.S. Dollars (U.S. $37,000,000) for craft compensation in order to attract and retain qualified craft (“Performance and Attendance Bonus Provisional Sum”) for Subproject 6(a).

The current Aggregate Provisional Sum in Section 2.2 of Schedule EE-3 of Attachment EE of the Agreement contains a Provisional Sum of Five Million U.S. Dollars (U.S. $5,000,000) for craft compensation in order to attract and retain qualified craft (“Performance and Attendance Bonus Provisional Sum”) for Subproject 6(b).

By way of this Change Order, the Performance and Attendance Bonus Provisional Sum Provisional Sum in Section 2.2 of Schedule EE-3 of Attachment EE of the Agreement shall be decreased by Five Million U.S. Dollars (U.S. $5,000,000), and transferred to the Performance and Attendance Bonus Provisional Sum in Section 2.2 of Schedule EE-2 of Attachment EE of the Agreement, and the new value of the Aggregate Performance and Attendance Bonus Provisional Sum is Forty-Two Million U.S. Dollars (U.S. $42,000,000).

1.3.Insurance Provisional Sum

The current Aggregate Provisional Sum in Section 2.3 of Schedule EE-2 of Attachment EE of the Agreement Aggregate Provisional Sum contains a Provisional Sum of Thirty-Four Million, Two Hundred Forty-Four Thousand, Eight Hundred Fifty U.S. Dollars (U.S.$34,244,850) (“Insurance Provisional Sum”) for the cost of insurance premiums for Subproject 6(a).

The current Aggregate Provisional Sum in Section 2.3 of Schedule EE-3 of Attachment EE of the Agreement Aggregate Provisional Sum contains a Provisional Sum of Five Million, Five Hundred Ninety-Six Thousand U.S. Dollars (U.S. $5,596,000) (“Insurance Provisional Sum”) for the cost of insurance premiums for Subproject 6(b).

By way of this Change Order, the Insurance Provisional Sum Provisional Sum in Section 2.3 of Schedule EE-3 of Attachment EE of the Agreement shall be decreased by Five Million, Five Hundred Ninety-Six Thousand U.S. Dollars (U.S. $5,596,000), and transferred to the Insurance Provisional Sum in Section 2.3 of Schedule EE-2 of Attachment EE of the Agreement, and the new value of the Aggregate Insurance Provisional Sum is Thirty-Nine Million, Eight Hundred Forty Thousand, Eight Hundred Fifty U.S. Dollars (U.S. $39,840,850).

2.The summary of costs associated with this Change Order is provided in Exhibit A of this Change Order.

3.Schedule C-3 (Milestone Payment Schedule for Subproject 6(b)) and Schedule C-4 (Monthly Payment Schedule for Subproject 6(b)) of Attachment C of the Agreement will be amended as shown in Exhibit B and Exhibit C of this Change Order.

4.The final adjustment to the Louisiana Sales and Use Tax Provisional Sum, Performance and Attendance Bonus Provisional Sum, and Insurance Provisional Sum will be made in accordance with Schedule EE-2 of Attachment EE of the Agreement.
			
	

Adjustment to Contract Price Applicable to Subproject 6(a)
												
	1.	The original Contract Price Applicable to Subproject 6(a) was.................................................................	$	2,016,892,573 	
	2.	Net change for Contract Price Applicable to Subproject 6(a) by previously authorized Change Orders (#01-08, 10-13, 15, 17-18, 21-22, 24, 28 & 29)	$	(16,842,054)	
	3.	The Contract Price Applicable to Subproject 6(a) prior to this Change Order was...................................	$	2,000,050,519 	
	4.	The Contract Price Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of....................................................................................................................................................	$	— 	
	5.	The Provisional Sum Applicable to Subproject 6(a) will be increased by this Change Order in the amount of....................................................................................................................................................	$	17,944,000 	
				
	6.	The Contract Price Applicable to Subproject 6(a) including this Change Order will be...................	$	2,017,944,519 	

			
	

Adjustment to Contract Price Applicable to Subproject 6(b)
												
	7.	The original Contract Price Applicable to Subproject 6(b) (in CO-00009) was	$	457,696,000 	
	8.	Net change for Contract Price Applicable to Subproject 6(b) by previously authorized Change Orders (#14, 16, 19-20, 23, & 25-27 & 30)	$	8,094,713 	
	9.	The Contract Price Applicable to Subproject 6(b) prior to this Change Order was..................................	$	465,790,713 	
	10.	The Contract Price Applicable to Subproject 6(b) will be unchanged by this Change Order...................	$	— 	
	11.	The Provisional Sum Applicable to Subproject 6(b) will be decreased by this Change Order.................	$	(17,944,000)	
	12.	The Contract Price Applicable to Subproject 6(b) including this Change Order will be...................	$	447,846,713 	

			
	

Adjustment to Contract Price
												
	13.	The original Contract Price for Subproject 6(a) and Subproject 6(b) was (add lines 1 and 7)	$	2,474,588,573 	
	14.	The Contract Price prior to this Change Order was (add lines 3 and 9)....................................................	$	2,465,841,232 	
	15.	The Contract Price will be unchanged by this Change Order in the amount of (add lines 4, 5, 10 and 11)	$	— 	
	16.	The new Contract Price including this Change Order will be (add lines 14 and 15)................................	$	2,465,841,232 	

			
	

Adjustment to dates in Project Schedule for Subproject 6(a)
The following dates are modified : N/A
Adjustment to other Changed Criteria for Subproject 6(a): N/A
Adjustment to Payment Schedule for Subproject 6(a):  Yes; see Exhibit B
Adjustment to Minimum Acceptance Criteria for Subproject 6(a):  N/A
Adjustment to Performance Guarantees for Subproject 6(a):  N/A
Adjustment to Design Basis for Subproject 6(a):  N/A
Other adjustments to liability or obligations of Contractor or Owner under the Agreement for Subproject 6(a): N/A

Adjustment to dates in Project Schedule for Subproject 6(b)
The following dates are modified:  N/A
Adjustment to other Changed Criteria for Subproject 6(b): N/A
Adjustment to Payment Schedule for Subproject 6(b):  Yes; see Exhibit B
Adjustment to Design Basis for Subproject 6(b):  N/A
Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A
Select either A or B:
[A] This Change Order shall constitute a full and final settlement and accord and satisfaction of all effects of the change reflected in this Change Order upon the Changed Criteria and shall be deemed to compensate Contractor fully for such change.  Initials:  
/s/ MDR  Contractor  /s/ DC  Owner

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

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

									
	/s/ David Craft		/s/ Maurissa D. Rogers
	Owner		Contractor
	David Craft		Maurissa D. Rogers
	Name		Name
	SVP E&C		Sr Project Mgr, PVP
	Title		Title
	October 9, 2020		October 2, 2020
	Date of Signing		Date of Signing

CHANGE ORDER
COVID-19 Impacts
						
	PROJECT NAME:  Sabine Pass LNG Stage 4 Liquefaction Facility

OWNER:  Sabine Pass Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: November 7, 2018
	CHANGE ORDER NUMBER: CO-00032

DATE OF CHANGE ORDER: October 02, 2020

			
	

The Agreement between the Parties listed above is changed as follows:
1.Pursuant to Article 6.2 of the Agreement (Change Orders Requested by Contractor), Parties agree this Change Order includes Contractor’s actual costs incurred from March 2020 through July 2020 and forecasted costs from August 2020 through December 2020, both in response to the novel coronavirus (COVID-19) outbreak event.

This Change Order is based on the following assumptions and qualifications through the end of December 2020:
i.Contractor’s Houston home office personnel have worked and shall continue working effectively remotely until such time the office is safe to re-open according to federal, state and local government officials’ orders and Bechtel policies.

ii.Contractor has been able to keep the Jobsite open throughout the event and shall continue doing so, to the extent reasonably possible, to advance the Work at the current rate of progress (or better if possible), with no planned shutdown in 2020.

iii.Contractor shall continue to put forth diligent mitigation efforts to minimize impacts caused by the event to the extent reasonably practical, including but not limited to: increased craft professional hours for additional cleaning, disinfecting, etc.; increased bussing services to support social distancing; additional cleaning stations, waste management services, etc.; quarantine requirements for supplier technical support (international and others); continued COVID-19 testing costs and hours (excluding quarantine time); increased professional staff for contact tracing efforts; and additional safety PPE, communication materials (e.g., posters, signs, etc.).

iv.No major COVID-19 infection outbreak on the Jobsite resulting in: (i) Site shutdown of all or critical scopes of the Work; or (ii) absenteeism at or above the twenty percent (20%) level for a sustained duration of more than four (4) Weeks.  Should either of these triggers occur, the Parties shall jointly collaborate on mitigation actions and plans for shutdown accordingly.

v.Existing government (local, state and/or federal) guidelines, executive orders, actions or directives as of 31 July 2020 shall remain unchanged through the end of December 2020.  New government orders shall be subject to separate notices and Change Orders, if applicable.

vi.Owner’s operations and other professional staff personnel shall continue to support the Contractor’s activities for the Project in support of the Work.

vii.Subcontractors and Suppliers shall continue to provide uninterrupted support for construction activities either at Site or remotely if possible.

viii.Any changes in the above assumptions and qualifications and additional costs beyond 2020 are excluded from this Change Order; and may be part of a separate Change Order in accordance with Article 6.2 of the Agreement.

2.Contractor has not experienced schedule impacts on the critical path of the CPM Schedule through 31 July 2020; and should all the qualifications and assumptions above remain as stated, Contractor does not anticipate any schedule impacts to the Project on the critical path of the CPM Schedule through the end of December 2020.  In the event of the occurrence of any impacts to the critical path of the CPM Schedule, Contractor shall notify Owner in accordance with Article 6.5 of the Agreement.

3.The detailed cost breakdown of this Change Order is provided in Exhibit A of this Change Order.

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

			
	

Adjustment to Contract Price Applicable to Subproject 6(a)
												
	1.	The original Contract Price Applicable to Subproject 6(a) was.................................................................	$	2,016,892,573 	
	2.	Net change for Contract Price Applicable to Subproject 6(a) by previously authorized Change Orders (#01-08, 10-13, 15, 17-18, 21-22, 24, 28-29, 31)) 	$	1,101,946 	
	3.	The Contract Price Applicable to Subproject 6(a) prior to this Change Order was...................................	$	2,017,994,519 	
	4.	The Contract Price Applicable to Subproject 6(a) will be increased by this Change Order in the amount of....................................................................................................................................................	$	4,685,404 	
	5.	The Provisional Sum Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of ................	$	— 	
				
	6.	The Contract Price Applicable to Subproject 6(a) including this Change Order will be...................	$	2,022,679,923 	

			
	

Adjustment to Contract Price Applicable to Subproject 6(b)
												
	7.	The original Contract Price Applicable to Subproject 6(b) (in CO-00009) was........................................	$	457,696,000 	
	8.	Net change for Contract Price Applicable to Subproject 6(b) by previously authorized Change Orders (#14, 16, 19-20, 23, 25-27, 30-31) 	$	(9,849,287)	
	9.	The Contract Price Applicable to Subproject 6(b) prior to this Change Order was..................................	$	447,846,713 	
	10.	The Contract Price Applicable to Subproject 6(b) will be unchanged by this Change Order	$	— 	
	11.	The Provisional Sum Applicable to Subproject 6(b) will be unchanged by this Change Order 	$	— 	
	12.	The Contract Price Applicable to Subproject 6(b) including this Change Order will be 	$	447,846,713 	

			
	

Adjustment to Contract Price
												
	13.	The original Contract Price for Subproject 6(a) and Subproject 6(b) was (add lines 1 and 7) 	$	2,474,588,573 	
	14.	The Contract Price prior to this Change Order was (add lines 3 and 9)....................................................	$	2,465,841,232 	
	15.	The Contract Price will be increased by this Change Order in the amount of (add lines 4, 5, 10 and 11) 	$	4,685,404 	
	16.	The new Contract Price including this Change Order will be (add lines 14 and 15)................................	$	2,470,526,636 	

			
	

Adjustment to dates in Project Schedule for Subproject 6(a)
The following dates are modified: N/A
Adjustment to other Changed Criteria for Subproject 6(a):  N/A
Adjustment to Payment Schedule for Subproject 6(a):  Yes; see Exhibit B of this Change Order
Adjustment to Minimum Acceptance Criteria for Subproject 6(a):  N/A
Adjustment to Performance Guarantees for Subproject 6(a):  N/A
Adjustment to Design Basis for Subproject 6(a):  N/A
Other adjustments to liability or obligations of Contractor or Owner under the Agreement for Subproject 6(a): N/A

Adjustment to dates in Project Schedule for Subproject 6(b)
The following dates are modified:  N/A
Adjustment to other Changed Criteria for Subproject 6(b): N/A
Adjustment to Payment Schedule for Subproject 6(b):  N/A
Adjustment to Design Basis for Subproject 6(b):  N/A

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

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

[B] This Change Order shall not constitute a full and final settlement and accord and satisfaction of all effects of the change reflected in this Change Order upon the Changed Criteria and shall not be deemed to compensate Contractor fully for such change.  Initials:  ____ Contractor  ____ Owner
Upon execution of this Change Order by Owner and Contractor, the above-referenced change shall become a valid and binding part of the original Agreement without exception or qualification, unless noted in this Change Order.  Except as modified by this and any previously issued Change Orders, all other terms and conditions of the Agreement shall remain in full force and effect.  This Change Order is executed by each of the Parties’ duly authorized representatives.

									
	/s/ David Craft		/s/ Maurissa D. Rogers
	Owner		Contractor
	David Craft		Maurissa D. Rogers
	Name		Name
	SVP E&C		Sr Project Mgr, PVP
	Title		Title
	October 9, 2020		October 2, 2020
	Date of Signing		Date of Signing

CHANGE ORDER
Third Berth — Jetty Building (00A-4041) — Clean Agent System
						
	PROJECT NAME:  Sabine Pass LNG Stage 4 Liquefaction Facility

OWNER:  Sabine Pass Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: November 7, 2018
	CHANGE ORDER NUMBER: CO-00033

DATE OF CHANGE ORDER: November 2, 2020

			
	

The Agreement between the Parties listed above is changed as follows:
1.In accordance with Section 6.1 of the Agreement (Change Orders Requested by Owner), the Parties agree this Change Order includes Contractor’s engineering, procurement and construction services to install the clean agent system in the Jetty Building (00A-4041).

2.The detailed cost breakdown for this Change Order is detailed in Exhibit A of this Change Order.

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

Adjustment to Contract Price Applicable to Subproject 6(a)
												
	1.	The original Contract Price Applicable to Subproject 6(a) was.................................................................	$	2,016,892,573 	
	2.	Net change for Contract Price Applicable to Subproject 6(a) by previously authorized Change Orders (#01-08, 10-13, 15, 17-18, 21-22, 24, 28-29, 31-32) 	$	5,787,350 	
	3.	The Contract Price Applicable to Subproject 6(a) prior to this Change Order was...................................	$	2,022,679,923 	
	4.	The Contract Price Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of....................................................................................................................................................	$	— 	
	5.	The Provisional Sum Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of....................................................................................................................................................	$	— 	
				
	6.	The Contract Price Applicable to Subproject 6(a) including this Change Order will be...................	$	2,022,679,923 	

			
	

Adjustment to Contract Price Applicable to Subproject 6(b)
												
	7.	The original Contract Price Applicable to Subproject 6(b) (in CO-00009) was 	$	457,696,000 	
	8.	Net change for Contract Price Applicable to Subproject 6(b) by previously authorized Change Orders (#14, 16, 19-20, 23, 25-27, 30-31) 	$	(9,849,287)	
	9.	The Contract Price Applicable to Subproject 6(b) prior to this Change Order was..................................	$	447,846,713 	
	10.	The Contract Price Applicable to Subproject 6(b) will be increased by this Change Order...................	$	115,915 	
	11.	The Provisional Sum Applicable to Subproject 6(b) will be unchanged by this Change Order................	$	— 	
	12.	The Contract Price Applicable to Subproject 6(b) including this Change Order will be...................	$	447,962,628 	

			
	

Adjustment to Contract Price
												
	13.	The original Contract Price for Subproject 6(a) and Subproject 6(b) was (add lines 1 and 7) 	$	2,474,588,573 	
	14.	The Contract Price prior to this Change Order was (add lines 3 and 9)....................................................	$	2,470,526,636 	
	15.	The Contract Price will be increased by this Change Order in the amount of (add lines 4, 5, 10 and 11) 	$	115,915 	
	16.	The new Contract Price including this Change Order will be (add lines 14 and 15)................................	$	2,470,642,551 	

			
	

Adjustment to dates in Project Schedule for Subproject 6(a)
The following dates are modified: N/A
Adjustment to other Changed Criteria for Subproject 6(a):  N/A

Adjustment to Payment Schedule for Subproject 6(a):  N/A
Adjustment to Minimum Acceptance Criteria for Subproject 6(a):  N/A
Adjustment to Performance Guarantees for Subproject 6(a):  N/A
Adjustment to Design Basis for Subproject 6(a):  N/A
Other adjustments to liability or obligations of Contractor or Owner under the Agreement for Subproject 6(a): N/A

Adjustment to dates in Project Schedule for Subproject 6(b)
The following dates are modified:  N/A
Adjustment to other Changed Criteria for Subproject 6(b): N/A
Adjustment to Payment Schedule for Subproject 6(b):  Yes; see Exhibit B
Adjustment to Design Basis for Subproject 6(b):  N/A
Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A
Select either A or B:
[A] This Change Order shall constitute a full and final settlement and accord and satisfaction of all effects of the change reflected in this Change Order upon the Changed Criteria and shall be deemed to compensate Contractor fully for such change.  Initials:  /s/ KM  Contractor  /s/ DC  Owner

[B] This Change Order shall not constitute a full and final settlement and accord and satisfaction of all effects of the change reflected in this Change Order upon the Changed Criteria and shall not be deemed to compensate Contractor fully for such change.  Initials:  ____ Contractor  ____ Owner
Upon execution of this Change Order by Owner and Contractor, the above-referenced change shall become a valid and binding part of the original Agreement without exception or qualification, unless noted in this Change Order.  Except as modified by this and any previously issued Change Orders, all other terms and conditions of the Agreement shall remain in full force and effect.  This Change Order is executed by each of the Parties’ duly authorized representatives.
 
									
	/s/ David Craft		/s/ Kane McIntosh
	Owner		Contractor
	David Craft		Kane McIntosh
	Name		Name
	SVP E&C		Sr Project Mgr
	Title		Title
	November 18, 2020		November 3, 2020
	Date of Signing		Date of Signing

CHANGE ORDER
Vanessa Spare Valves
						
	PROJECT NAME:  Sabine Pass LNG Stage 4 Liquefaction Facility

OWNER:  Sabine Pass Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: November 7, 2018
	CHANGE ORDER NUMBER: CO-00034

DATE OF CHANGE ORDER: November 18, 2020

			
	

The Agreement between the Parties listed above is changed as follows:
1.In accordance with Section 6.1 of the Agreement (Change Orders Requested by Owner), the Parties agree this Change Order includes Contractor’s procurement and delivery costs of twenty-four (24) Vanessa spare valves to Owner’s warehouse. 

2.The detailed cost breakdown for this Change Order is detailed in Exhibit A of this Change Order.

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

Adjustment to Contract Price Applicable to Subproject 6(a)
												
	1.	The original Contract Price Applicable to Subproject 6(a) was.................................................................	$	2,016,892,573 	
	2.	Net change for Contract Price Applicable to Subproject 6(a) by previously authorized Change Orders (#01-08, 10-13, 15, 17-18, 21-22, 24, 28-29, 31-32) 	$	5,787,350 	
	3.	The Contract Price Applicable to Subproject 6(a) prior to this Change Order was...................................	$	2,022,679,923 	
	4.	The Contract Price Applicable to Subproject 6(a) will be increased by this Change Order in the amount of....................................................................................................................................................	$	1,512,435 	
	5.	The Provisional Sum Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of....................................................................................................................................................	$	— 	
				
	6.	The Contract Price Applicable to Subproject 6(a) including this Change Order will be...................	$	2,024,192,358 	

			
	

Adjustment to Contract Price Applicable to Subproject 6(b)
												
	7.	The original Contract Price Applicable to Subproject 6(b) (in CO-00009) was	$	457,696,000 	
	8.	Net change for Contract Price Applicable to Subproject 6(b) by previously authorized Change Orders (#14, 16, 19-20, 23, 25-27, 30-31, 33) 	$	(9,733,372)	
	9.	The Contract Price Applicable to Subproject 6(b) prior to this Change Order was..................................	$	447,962,628 	
	10.	The Contract Price Applicable to Subproject 6(b) will be unchanged by this Change Order...................	$	— 	
	11.	The Provisional Sum Applicable to Subproject 6(b) will be unchanged by this Change Order................	$	— 	
	12.	The Contract Price Applicable to Subproject 6(b) including this Change Order will be...................	$	447,962,628 	

			
	

Adjustment to Contract Price
												
	13.	The original Contract Price for Subproject 6(a) and Subproject 6(b) was (add lines 1 and 7) 	$	2,474,588,573 	
	14.	The Contract Price prior to this Change Order was (add lines 3 and 9)....................................................	$	2,470,642,551 	
	15.	The Contract Price will be increased by this Change Order in the amount of (add lines 4, 5, 10 and 11) 	$	1,512,435 	
	16.	The new Contract Price including this Change Order will be (add lines 14 and 15)................................	$	2,472,154,986 	

			
	

Adjustment to dates in Project Schedule for Subproject 6(a)
The following dates are modified: N/A
Adjustment to other Changed Criteria for Subproject 6(a):  N/A

Adjustment to Payment Schedule for Subproject 6(a):  Yes; see Exhibit B
Adjustment to Minimum Acceptance Criteria for Subproject 6(a):  N/A
Adjustment to Performance Guarantees for Subproject 6(a):  N/A
Adjustment to Design Basis for Subproject 6(a):  N/A
Other adjustments to liability or obligations of Contractor or Owner under the Agreement for Subproject 6(a): N/A

Adjustment to dates in Project Schedule for Subproject 6(b)
The following dates are modified:  N/A
Adjustment to other Changed Criteria for Subproject 6(b): N/A
Adjustment to Payment Schedule for Subproject 6(b):  N/A
Adjustment to Design Basis for Subproject 6(b):  N/A
Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A
Select either A or B

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

[B] This Change Order shall not constitute a full and final settlement and accord and satisfaction of all effects of the change reflected in this Change Order upon the Changed Criteria and shall not be deemed to compensate Contractor fully for such change.  Initials:  ____ Contractor  ____ Owner
Upon execution of this Change Order by Owner and Contractor, the above-referenced change shall become a valid and binding part of the original Agreement without exception or qualification, unless noted in this Change Order.  Except as modified by this and any previously issued Change Orders, all other terms and conditions of the Agreement shall remain in full force and effect.  This Change Order is executed by each of the Parties’ duly authorized representatives.
 

									
	/s/ David Craft		/s/ Kane McIntosh
	Owner		Contractor
	David Craft		Kane McIntosh
	Name		Name
	SVP E&C		Sr Project Mgr
	Title		Title
	November 19, 2020		November 18, 2020
	Date of Signing		Date of Signing

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