Document:

Exhibit 4.26.5

 

SPECIFIC
TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE THEY ARE BOTH (I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY
DISCLOSED, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****).

 

AMENDMENT NO. 6

 

 

 

Dated 1
April 2020

 

 

 

 

 

 

 

 

 

 

to

 

SRV
LNG CARRIER TIME CHARTERPARTY

(HULL 1689 / CAPE ANN)

 

 

 

between

 

SRV JOINT GAS TWO LTD

 

and

 

TOTAL GAS & POWER LIMITED,
LONDON, MEYRIN-GENEVA BRANCH

 

 

 

dated 20 March 2007

 

     

     

    

 

This amendment no.
6 (the "Amendment No. 6") is made on this 1 day of April 2020

 

BETWEEN

 

		(i)	SRV Joint Gas Two Ltd., a company incorporated and existing under
the laws of the Cayman Islands ("Owner")

 

AND

 

		(ii)	Total Gas & Power Limited, London, Meyrin-Geneva Branch (a branch
office of TOTAL GAS & POWER LIMITED # UK company number 02172239) registered in Geneva, Switzerland under number CHE-309.541.427
("Charterer")

 

(each a "Party" and collectively,
the "Parties")

 

RECITALS

 

		(A)	Disputes have arisen between the Parties under the Time Charterparty originally
dated 20 March 2007 as novated by novation agreements dated 20 December 2007, 25 March 2010 and 20 December 2019 and as amended
by Amendment No. 1 dated 20 June 2012, Amendment No. 2 dated 20 June 2012, Amendment No. 3 dated 23 April 2014, Amendment No. 4
dated 23 October 2017, Amendment No. 5 dated 20 February 2020 and as further novated and/or amended from time to time (the "Charter").

 

		(B)	In order to settle the disputes, the Parties have agreed that as from the
date hereof any claim by Charterer in relation to excess boil-off pursuant to clause 27 of the Charterparty, shall be determined
in accordance with the Boil-Off Calculation Procedure annexed hereto.

 

		(C)	The Parties now wish to enter into this Amendment No. 6 to amend certain
provisions of the Charter.

 

NOW THEREFORE in consideration
of the premises and mutual covenants herein contained (and for other good and valuable consideration the receipt and sufficiency
the Parties hereby acknowledge), the Parties have agreed as follows:

 

		1	DEFINITIONS AND INTERPRETATION

 

		1.1	Terms defined in the Charter shall have the same meaning when used in this
Amendment No. 6, unless defined below.

 

		1.2	The rules of interpretation of the Charter shall apply to this Amendment
No. 6 as if set out in this Amendment No. 6.

 

		2	BOIL-OFF CALCULATION PROCEDURE

 

		2.1	The Parties agree that:

 

		2.1.1	The amount ascertained in favour of the Charterer under the Boil-Off Calculation
Procedure will be the sole remedy in respect of any claims Charterer may have in relation to the maximum daily boil-off under clause
27 from the date hereof.

 

    	 	 	Page 2

     

    

 

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED
BECAUSE THEY ARE BOTH (I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED, AND THE TERMS HAVE BEEN MARKED
AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****).

 

		2.1.2	Charterer shall only be entitled to make deductions from hire in relation
to excess boil-off calculated under the Boil-Off Calculation Procedure in accordance with the provisions of the Boil-Off Calculation
Procedure.

 

		2.2	The Parties agree that Appendix I Section 7 shall be amended to provide that, for the purpose
of any claims pursuant to the Boil-Off Calculation Procedure:

 

		2.2.1	the Performance Period referred to in Section 7 shall be construed to mean
a period of ***** months (or part thereof), the first of which will be deemed to expire at *****.

 

		2.2.2	The performance of the Vessel shall be assessed within *****days after each
Voyage, using Voyage as defined under the Boil-Off Calculation Procedure.

 

		3	EFFECT OF AMENDMENT

 

Except as specifically provided herein, the
Charter, as amended hereby, remains in full force and effect.

 

		4	GOVERNING LAW AND JURISDICTION

 

Clause 53 of the Charter shall apply to this Amendment
No. 6.

 

This Amendment No. 6 has been executed and is
delivered and takes effect on the date stated at the beginning of it.

 

 

 

	Signed
    by	 	 /s/ Veronica B. Sandnes	 
	 	 	signature	 
	for
    and on behalf of	 	 VERONICA B. SANDNES	 
	SRV
    JOINT GAS TWO LTD	 	print name	ATTORNEY-IN-FACT	 
	 	 	 	 
	 	 	 	 
	Signed
    by	 	 /s/ Laurent Vivier	 
	 	 	signature	 
	for
    and on behalf of	 	 Laurent Vivier	 
	TOTAL
    GAS & POWER LIMITED, LONDON, MEYRIN-GENEVA BRANCH	 	print name	 

 

    	 	 	Page 3

     

    

 

SPECIFIC TERMS
IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE THEY ARE BOTH (I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED,
AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****).

 

Boil-off gas performance
calculation procedure: a contractual code for evaluating the boil off performance of vessel “CAPE ANN” (the “Vessel”)

 

This calculation procedure (the
 “Boil-Off Calculation Procedure” or the “Procedure”) sets out the contractual code for
establishing liability and calculating the relevant deduction from hire for breach of the boil off guarantees under a
charterparty dated 20 March 2007 (the “Charter”). Owner and Charterer have agreed this shall be the sole
remedy for any claims against Owner for excess boil off.

 

Terms defined in the Charter shall have the same
meaning when used in the Boil-Off Calculation Procedure unless separately defined below.

 

INTRODUCTION

 

Owner and Charterer have agreed to
implement this Boil-Off Calculation Procedure to provide for a method of evaluating the boil off performance of the Vessel when
operating in LNG carrier mode. The Procedure is based on the following principles:

 

	(A)	The Vessel’s boil off performance will be assessed after each Voyage.

 

	(B)	The actual amount of boil off on a Voyage in m3 shall be calculated by subtracting
the volume of LNG contained in the Vessel's tanks at gauging after the sea passage while at berth from the volume therein at gauging
before the sea passage while at berth (closing CTMS to opening CTMS).

 

	(C)	The actual boil off calculated pursuant to B above will be converted to MT
of HFO equivalent and compared to the boil off gas allowance permitted under this Procedure.

 

	(D)	Performance will be assessed within ***** days after each Voyage by the
respective operational departments, based on data reported by the Master in Owner’s database. If such assessment shows a
boil-off performance falling below the performance guaranteed under this Procedure, then subject to paragraph 13 below, the Charterer
shall be entitled to a deduction from hire under Clause 12(a) of the Charterparty equal to the value of the excess boil off gas
calculated using this Procedure. Any such potential hire deduction for excess boil off will be reconciled immediately after the
performance assessment has been completed.

 

	(E)	Charterer shall be granted access as soon as possible to Owner’s database,
which will gather information received from the Vessel that is to be used in this procedure as soon as such capability and relevant
platforms are established (the “Database”, containing “Data”). Pending such access being
granted, the Owner shall make available to the Charterer an extract of Owner’s database promptly after each Voyage and no
later than ***** days after each Voyage.

 

	(F)	The Parties shall cross check the sum of flow meter readings reported in
noon reports over the Voyage with CTMS to CTMS. In cases where a disproportionate discrepancy is observed, each Party shall notify
the other and discuss such discrepancies in good faith and in accordance with the Procedure.

 

	(G)	The Procedure will not apply to boil off during Adverse Weather Periods and
such Periods will be excluded from the performance calculations thereunder.

 

    	 	 	Page 4

     

    

 

	(H)	During an Adverse Weather Period, the aggregate of flow meter measurements
as reported in m3 of LNG in the Database from engines and GCU (mass flow meter from engines and orifice GCU) and the period between
the measurements shall be excluded from the calculations under the Procedure.

 

	(I)	Boil off performance after the deduction of Adverse Weather Periods (as a
percentage of boil off gas (“BOG”) rate calculated over a Voyage) cannot be less favourable for Owner as the
calculation without such deduction;

 

	(J)	BOG resulting from forced vaporization carried out under Charterer’s
written instructions shall be accounted for in the Procedure in accordance with the below.

 

FORCED VAPORISATION IN GAS MODE

 

	1	Forced vaporisation may happen only with Charterers’ written consent.

 

	2	Speed required to execute a Voyage and the corresponding fuel required to
achieve that speed is taken into account in assessing boil off performance when sailing in gas mode only.

 

	3	The parties recognise the challenges of accurately determining the quantity
of LNG used in forced vaporisation because there are several ways in which forced vaporisation is achieved (e.g. by use of the
forcing vaporiser, cargo tank spraying with liquid circulation, cofferdam temperature control etc.). Therefore, the Parties agree:

 

		3.1	not to make deductions from the performance calculations for forced vaporization in the Procedure;
and instead

 

		3.2	to use the below speed versus consumption table to account for theoretical forced vaporization
needed to reach any given speed during a Voyage.

 

	4	For the sake of simplicity, this mechanism shall be used for both laden
and ballast Voyages performed in gas mode.

 

VESSEL SPEED VS CONSUMPTION CURVE

 

	5	The Parties have established a speed versus consumption curve for the sole
purpose of the Procedure, as set out in Table A below.

 

	6	The actual boil off quantity measured during a Voyage in m3 shall be converted
into metric tons (MT) of HFO equivalent in accordance with this Procedure, and that figure shall be compared with the accumulated
daily fuel consumption derived from Table A (after deductions made for those circumstances excluded from the Procedure). The difference
in MT of HFO equivalent between the measured boil off quantity converted in MT of HFO equivalent and the Table A boil off quantity,
if positive, is the excess boil off quantity for the purpose of establishing liability under Clause 27 of each Charter respectively
and for the purpose of calculating the quantum of the applicable hire deduction in accordance with this Procedure.

 

    	 	 	Page 5

     

    

 

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE THEY ARE BOTH (I) NOT MATERIAL
AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE
ASTERISKS (*****).

 

TABLE A

 

	Reference Fuel Consumption Table

 In Tons of HFO equivalent per day
	kt	Laden	Ballast
	19.5	*****	*****
	19	*****	*****
	18.5	*****	*****
	18	*****	*****
	17.5	*****	*****
	17	*****	*****
	16.5	*****	*****
	16	*****	*****
	15.5	*****	*****
	15	*****	*****
	14.5	*****	*****
	14	*****	*****

 

EXCLUSIONS

 

	7	When Charterer gives written orders directing cargo conditioning or tank
pressure to be reduced to meet certain discharge terminal requirements, the period from when these particular operations have commenced
until the end of the particular Voyage shall be excluded from the calculations hereunder.

 

DUAL FUEL MODE

 

	8	Charterer at its sole discretion may, from time to time during a Voyage,
instruct the Vessel in writing to use dual fuel mode burning in order to avoid forced vaporization and consequently use natural
boil off gas (NBOG) supplemented by burning liquid fuel, instead of forcing additional LNG for propulsion.

 

	9	Consequently, during period of Dual Fuel mode, boil off gas allowance shall
be the daily guaranteed NBOG allowance being respectively *****MT/d fuel oil equivalent for ballast Voyage and *****MT/d of fuel
oil equivalent in laden Voyage. For the sake of clarity Adverse Weather Periods may apply during a dual fuel mode period and shall
be excluded from the calculations in accordance with the provisions set out in this Procedure.

 

    	 	 	Page 6

     

    

 

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED
BECAUSE THEY ARE BOTH (I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED, AND THE TERMS HAVE BEEN
MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****).

 

	10	Any liquid fuel consumed during periods of dual fuel mode shall be removed
from the Boil Off Calculation Procedure for said Voyage.

 

VALUATION OF BOIL OFF GAS IN EXCESS

 

	11	Where excess boil off on a Voyage is established under this Procedure, such
excess boil off will be valued by way of the below calculation.

 

	12	For the purpose of the Boil Off Calculation Procedure, the energy content
of one cubic meter of LNG shall be determined by surveyor report at loading for laden Voyages and at unloading for ballast Voyages
and expressed in MMBtu/m3.

 

		12.1	For Voyages ending east of Suez, the excess boil-off gas shall be valued
at the average JKM price published by Platts at the date of Voyage start for the month ahead (Cumulative monthly average for the
month ahead – code AAOVS00)

 

		12.2	For Voyages ending west of Suez, the excess boil-off gas shall be valued
at the average TTF price published by Heren at the date of Voyage start for the month ahead. As TTF is published in Euro/MWh (25°C,1atm),
the conversion factors to be used to obtain the TTF price in USD/MBtu (25°C1atm) shall be the following:

 

		12.3	1 MWh = 3.4121456 MBtu

 

		12.4	1 MWH (25°C,1atm) = 3.42068432 MBTU (0°C, 1atm)

 

		12.5	1 MWH (25°C,1 atm) = 3.41726706 MBTU (15°C) 1atm)

 

		12.6	Euro/USD exchange rate of the day of Voyage start published
by ECB (https://www.ecb.europa.eu/stats/policy_and_exchange_rates/euro_reference_ex change_rates/html/eurofxref-graph-usd.en.html
[ecb.europa.eu])]

 

	13	The value of excess boil off calculated as above shall be accumulated after
each Voyage and settled on a ***** basis (*****) for Voyages completed in preceding ***** months (or part thereof) and if such
deduction is agreed by both parties it shall be deducted from hire with ***** hire invoices respectively. In the event of dispute,
the undisputed portion (if any) shall be deducted from hire as above, and any disputed portion shall be referred to arbitration
under the Charterparty.

 

	14	The attached Excel worksheets demonstrate how the parties have agreed to
perform excess boil off calculations under this Procedure and form part of this Procedure. Excel worksheets calculation method
shall prevail in case of dispute with Procedure’s wording.

 

REVIEW OF BOIL OFF GAS PERFORMANCE CALCULATION
PROCEDURE

 

	15	Owner and Charterer shall verify the effectiveness of the Procedure after
***** of implementation.

 

	16	If required Owner and Charterer shall discuss in good faith and agree on
potential adjustments to the Procedure.

 

    	 	 	Page 7

     

    

 

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE THEY ARE BOTH (I) NOT MATERIAL
AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE
ASTERISKS (*****).

 

DEFINITIONS

 

“Adverse Weather Period” for
the purpose of calculating boil off performance under this procedure, means any day, noon to noon, when winds are Force ***** or
above on the Beaufort scale for more than ***** hours in aggregate.

 

“BOG” means boil off gas.

 

“Forced Vaporisation” means purposefully
generating additional boil off solely to provide more fuel”.

 

“Voyage”
means a sea passage of the Vessel either in laden or in ballast condition, that starts at closing of CTMS before the Vessel leaves
berth at one LNG terminal and ends at the opening of CTMS when the Vessel arrives at berth at the next LNG terminal. A Voyage may
or may not be part of a round trip. In case of partial unloading, both ***** leg and the ***** leg shall count as laden Voyages
and performance and calculation shall be conducted accordingly.

 

    	 	 	Page 8Exhibit 4.36.3 

 

AMENDMENT
NO. 3 TO REVOLVING LOAN AGREEMENT

 

This
Amendment No. 3 to Revolving Loan Agreement dated as of May 28, 2019 (this "Amendment") is between Höegh
LNG Partners LP, a Marshall Islands limited partnership (the "Borrower"), and Höegh LNG Holdings
Ltd., a Bermuda company (the "Lender").

 

INTRODUCTION

 

A.              
The Borrower and the Lender have entered into the Revolving Loan Agreement dated as of August 12, 2014 (as amended, restated,
amended and restated or otherwise modified from time to time (including pursuant to that certain Amendment No. 1 dated as of February
28 2016 and Amendment No. 2 dates as of January 29 2018, to Revolving Loan Agreement, and between the Borrower and the Lender),
the "Revolving Loan Agreement").

 

B.              
The Borrower and the Lender wish to amend the Revolving Loan Agreement on the terms, and subject to the conditions, set
forth below.

 

THEREFORE,
in fulfillment of the foregoing, the Borrower and the Lender hereby agree as follows:

 

Section
1.            
Definitions; References. Unless otherwise defined in this Amendment, each term used in this Amendment which is defined
in the Revolving Loan Agreement has the meaning assigned to such term in the Revolving Loan Agreement.

 

Section
2.            
Amendment. Upon the satisfaction of the conditions specified in Section 4 of this Amendment, and effective as of the date
set forth above, the Revolving Loan Agreement shall be amended as follows:

 

(a)            
Section 1.1, Applicable Margin shall mean 1.4% in 2019, 3% in 2020 and 4% from 2021 and onwards.

 

(b)            
Section 1.1, Maturity Date shall mean 1 January 2023

 

Section
3.            
Representations and Warranties. The Borrower represents and warrants to the Lender that:

 

(a)            
the representations and warranties set forth in the Revolving Loan Agreement are true and correct in all material respects
as of the date of this Amendment (except to the extent such representations and warranties relate to an earlier date, in which
case such representations and warranties shall be true and correct in all material respects as of such earlier date);

 

(b)            
(i) the execution, delivery, and performance of this Amendment are within the company power and authority of the Borrower
and have been duly authorized by appropriate proceedings and (ii) this Amendment constitutes a legal, valid and binding obligation
of the Borrower, enforceable against the Borrower in accordance with its terms, except as limited by applicable bankruptcy, insolvency,
reorganization,

 

     

     

    

 

moratorium,
or similar laws affecting the rights of creditors generally and general principles of equity; and

 

(c)            
as of the date of this Amendment and after giving effect hereto, no Default or Event of Default has occurred and is continuing.

 

Section
4.            
Effectiveness. This Amendment shall become effective as of the date hereof, and the Revolving Loan Agreement shall be amended
as provided herein, upon the occurrence of all of the following: (a) the Borrower's and the Lender's duly and validly executing
originals of this Amendment and delivery thereof to the Lender; and (b) the representations and warranties in this Amendment being
true and correct in all material respects before and after giving effect to this Amendment.

 

Section
5.            
Effect on Revolving Loan Agreement. Except as amended herein, the Revolving Loan Agreement remains in full force and effect
as originally executed, and nothing herein shall act as a waiver of any of the Lender's rights under the Revolving Loan Agreement,
as amended. Any breach of representations, warranties, and covenants under this Amendment may be a Default or Event of Default
under the Revolving Loan Agreement.

 

Section
6.            
Choice of Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State
of New York.

 

Section
7.            
Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be an original.

 

 

[The
remainder of this page has been intentionally left blank.]

     

     

    

 

 

THIS
WRITTEN AMENDMENT AND THE REVOLVING LOAN AGREEMENT REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES HERETO AND MAY NOT BE CONTRADICTED
BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES HERETO. THERE ARE NO UNWRITTEN ORAL AGREEMENTS
BETWEEN THE PARTIES HERETO.

 

EXECUTED as of the
date first set forth above.

 

	 	BORROWER:
	 	 	 	 
	 	HÖEGH
    LNG PARTNERS LP
	 	 	 	 
	 	 	 	 
	 	By:	 	/s/ Steffen
    Føreid
	 	Name:	 	Steffen Føreid
	 	Title:	 	Chief Executive Officer
    and Chief Financial Officer
	 	 	 	 
	 	 	 	 
	 	LENDER:
	 	 
	 	HÖEGH
    LNG HOLDINGS LTD.
	 	 	 	 
	 	 	 	 
	 	By:	 	/s/ Sveinung J.S. Støhle
	 	Name:	 	 
	 	Title:	 	Authorised Signatory

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