Document:

Exhibit 10.11

 Exhibit 10.11 

AGREEMENT AND AMENDMENT 

TO THE TERMINAL EXPANSION 

AGREEMENT 
 THIS
AGREEMENT AND AMENDMENT TO THE TERMINAL EXPANSION AGREEMENT (this “Agreement”) is made as of this              day of April 2012, by and between DOMINION COVE
POINT LNG, LP, a Delaware limited partnership (“Operator”), and STATOIL NATURAL GAS LLC, a Delaware limited liability company (“Customer”). Operator and Customer are sometimes collectively referred to as the
“Parties”. 
 RECITALS 

WHEREAS, pursuant to that certain Terminal Expansion Agreement, dated as of September 1, 2006, by and between Operator and
Customer, as amended April 2009, September 22, 2009, and January 26, 2011 (the “TEA”), Operator and Customer agreed to the terms under which Customer contracted for all of the firm LNG tanker discharging capacity that
is allocated to firm tanker discharging service associated with the Terminal Expansion; 
 WHEREAS, the Parties have agreed to modify
certain provisions of the TEA as set forth in this Amendment; 
 NOW, THEREFORE, in consideration of the premises set forth above,
the terms and conditions contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 

 

	 	1.	Amendment to Section 13.13 of the TEA. 

 13.13. Confidentiality. 

 

	 	(a)	 During the term of this Agreement and for a period of five years after the expiration or other termination of this Agreement, a Recipient of
Confidential Information will (i) keep the Confidential Information confidential and secret, and not, without previous written consent of Disclosing Party, directly or indirectly disclose the Confidential Information to any third party, except
as expressly permitted in clause (ii) or paragraph (B) below; (ii) disclose or divulge the Confidential Information (whether directly or indirectly and by whatever means or method) only to its and its Affiliates’ officers,
employees, agents, technical consultants, legal counsel, representatives, or lenders (collectively, the “Representatives”) who have reason or need to know Confidential Information for the purpose of (A) performing this
Agreement and the Related Agreements; or (B) if related to new service projects either in the form of export, import or a combination thereof (“New Project”), Dominion may disclose that capacity relating to the 640,000 Dth per Day of
MDDQ and 5,440,000 Dth of MCSQ will become available as of January 1, 2017 under this Agreement and may be used as part of the New Project; provided further, on a case-by-case 

	 	
basis, Dominion may subject to Statoil’s advance written consent (which may be communicated via email) disclose to its financial advisors and/or potential lenders certain financial
information under this Agreement that will only be used to evaluate the financing relating to the New Project. Under all circumstances, Disclosing Party will ensure that all such Representatives to whom Confidential Information is disclosed are
subject to reciprocal obligations of confidentiality reflecting the obligations of confidentiality set out herein (in all cases, the Recipient will be responsible and liable for any breach of this Agreement by any Representative, including any third
parties to which Confidential Information is disclosed whether directly or indirectly by the Disclosing Party or the Recipient); and (iii) not use the Confidential Information for any purpose other than in the performance of this Agreement and
the Related Agreements or to the detriment of the party that disclosed the Confidential Information. A Recipient will exercise at least the same degree of care with respect to the Confidential Information as the Recipient uses in handling its own
proprietary nonpublic information, but in any event no less than reasonable care. For purposes of this Section 13.13, Petoro AS will be considered an Affiliate of Customer. 

IN WITNESS WHEREOF, the Parties have caused this Amendment to be duly executed by their proper officers as of the date first written
above. 
  

			
	DOMINION COVE POINT LNG, LP, as Operator
		
	By:	 	/s/ Donald R. Raikes
	Name:	 	Donald R. Raikes
	Title:	 	 Vice President Transmission

Marketing & Customer Services

	
	STATOIL NATURAL GAS LLC, as Customer
		
	By:	 	/s/ Jens Okland
	Name:	 	Jens Okland
	Title:	 	PresidentExhibit 10.12

 Exhibit 10.12 

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

 
 March 15, 2013 

Mr. Jens Okland 
 Senior Vice President 

STATOIL NATURAL GAS LLC 
 120 Long Ridge Road 

Stamford, CT 06902 
  

	 	Re:	Early Termination of: 

  

	 	(1)	Terminal Expansion Agreement Cove Point Between Dominion Cove Point LNG, LP and Statoil Natural Gas LLC dated September 1, 2006, as amended April 2009, September 22, 2009 and January 26, 2011
(Terminal Expansion Agreement) 

  

	 	(2)	FTS Service Agreement Between Dominion Cove Point LNG, LP and Statoil Natural Gas LLC dated January 26, 2011 (FTS Agreement) 

  

	 	(3)	Agreement for Reinforcement of the Cove Point Pier (Large Ship Project) between Dominion Cove Point LNG, LP and Statoil Natural Gas LLC dated December 14, 2007, as amended January 26, 2011 (Pier Reinforcement
Agreement) (collectively, referred to as “Cove Point Expansion Agreements”) 

 Dear Jens: 

This letter agreement (“Agreement”) sets forth the terms and provisions under which Dominion Cove Point LNG, LP (“DCP”) and
Statoil Natural Gas LLC (“Statoil”) have agreed to terminate the above referenced Cove Point Expansion Agreements effective the earlier of May 1, 2017 or the In-Service Date of DCP’s Liquefaction Project (“Early
Termination”): 
  

	 	1.	Upon execution of this Agreement, Statoil and DCP mutually agree to the Early Termination of the Cove Point Expansion Agreements, except as noted in the “survival” provisions in the underlying agreements,
subject to the below provisions. 

  

	 	2.	The Early Termination shall occur if by March 29, 2013: (a) DCP or any DCP affiliate has executed, agreed in principle, entered into or otherwise consented to an agreement(s) for DCP or any DCP affiliate to
provide LNG export service at the DCP LNG terminal (“Third Party Agreement”) which represents 100% of the capacity of DCP’s export project (the “Cove Point Liquefaction Project” in FERC Docket No. PF12-16); and (b) DCP
receives the necessary Board approval authorizing DCP to construct, own, operate and maintain its Cove Point Liquefaction Project. DCP shall notify Statoil no later than 5:00 p.m. Eastern on March 29, 2013 whether the conditions in (a) and
(b) above have been satisfied. If the conditions in (a) and (b) above are not satisfied by March 29, 2013, this Agreement shall be null and void and shall have no effect whatsoever. 

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

 

	 	3.	If Statoil receives notice from DCP no later than 5:00 p.m. Eastern on March 29, 2013 that the conditions (a) and (b) set forth in Paragraph 2 above have been satisfied, Statoil shall pay to DCP a total
amount of $*** (Statoil Payment), which shall be paid in four equal annual payments (equaling $***), where the first annual payment shall be due September 1, 2013, and the remaining annual payments shall be due on each succeeding
September 1 until the Statoil Payment is paid in full by Statoil to DCP. By no later than September 1, 2016, the aggregate payments made by Statoil to DCP shall equal the total Statoil Payment. If Statoil fails to pay amounts due
hereunder, interest on past due amounts shall be computed based on the rate set forth in Section 154.501(d) of the FERC’s regulations, prorated for the numbers of days from the due date of payment until the actual date of payment. The
payment obligations hereunder shall be considered obligations due under each of the underlying agreements, and covered by the respective performance guarantees entered into by Statoil, ASA in favor of Dominion Cove Point LNG, LP. 

 

	 	4.	Upon satisfaction of the conditions (a) and (b) set forth in Paragraph 2 above, and upon receipt of all payments due under Paragraph 3, the Cove Point Expansion Agreements shall terminate the earlier of:
(i) May 1, 2017, or (ii) the in-service date of DCP’s Liquefaction Project (Effective Date), and as of that date, shall no longer have any force and effect, except as noted in the “survival” provisions in the underlying
agreements. Nothing herein shall affect the rights and obligations under the Cove Point Expansion Agreements, including the underlying monthly payment obligations, prior to the Effective Date of this Agreement. 

 

	 	5.	The terms of this Agreement shall be subject to the Confidentiality provisions under Section 13.13 of the Terminal Expansion Agreement, as amended November 2012. Provided further, both DCP and Statoil shall consult
with one another concerning the form and substance of any public disclosure of the matters covered in this Agreement, unless such public disclosure is required by law, as determined by the disclosing party. In the event that this Agreement becomes
null and void in accordance with Paragraph 2 above, Section 13.13 of the Terminal Expansion Agreement shall be amended to reflect the terms agreed to by DCP and Statoil in the April 2012 amendment. 

 

	 	6.	To the extent required, DCP will seek FERC approval/acceptance of the Early Termination of the Cove Point Expansion Agreements, and Statoil agrees to use reasonable efforts to support DCP’s efforts to obtain such
approval/acceptance. 

  

	 	7.	Statoil agrees that it will not oppose DCP’s efforts to obtain FERC, and any other governmental and regulatory authorizations for its Cove Point Liquefaction Project, provided, however, that Statoil shall be
entitled to object to or oppose any attempt by any entity, including DCP or an affiliate, to (a) allocate costs associated with the Cove Point Liquefaction Project to DCP’s Part 284 services, or (b) materially diminish DCP’s Part
284 services. 

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

 

	 	8.	This Agreement may be executed in multiple counterparts, each of which will be deemed an original, but all of which will constitute one and the same agreement. 

If the foregoing is in accordance with our mutual understanding, please so indicate by signing and dating this Agreement, and the accompanying
duplicate original of this Agreement, as indicated below and by returning both executed originals to my attention no later than 5:00 pm eastern standard time on March 20, 2013. Copies of original signatures sent by facsimile, or PDF,
transmission shall be binding as evidence of acceptance and agreement. 
 Once your copies are received, I will return a fully executed
original for your files. If a signed copy is not received by DCP by such time and date, this Agreement shall be void and of no force or effect. 
  

	
	 Sincerely,

	
	 /s/ Donald R. Raikes

	
	 Donald R. Raikes

 ACCEPTED AND AGREED: 
  

									
	DOMINION COVE POINT LNG, LP	 		 	STATOIL NATURAL GAS LLC 
				
	 By its general partner,

Dominion Cove Point LNG Company, LLC
	 		 		 	
		 		 		 	By:	 	/s/ Jens Okland
		 		 		 		 	Mr. Jens Okland
	By:	 	/s/ Donald R. Raikes	 		 	Title:	 	Senior Vice President
	Title:	 	Vice President, Transmission Marketing	 		 	Date: 3/19/13
		 	and Customer Services	 		 		 	
	Date: 3/19/13

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