Document:

Exhibit

Exhibit 10.3

EXECUTION VERSION

FIRST AMENDMENT TO 
COMMON TERMS AGREEMENT

This First Amendment, dated as of November 28, 2018 (the “First Amendment”), amends the Amended and Restated Common Terms Agreement, dated as of May 22, 2018 (as amended, amended and restated, modified or supplemented from time to time, the “Common Terms Agreement”), by and among Cheniere Corpus Christi Holdings, LLC (the “Borrower”), Corpus Christi Liquefaction, LLC, Cheniere Corpus Christi Pipeline, L.P. and Corpus Christi Pipeline GP, LLC (the “Guarantors” and, together with the Borrower, the “Loan 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. All capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in the Common Terms Agreement.

WHEREAS, pursuant to certain terms of the Finance Documents, it was intended that the Loan Parties would be permitted to enter into both secured and unsecured gas and power hedging arrangements; and

WHEREAS, the Intercreditor Agent is executing this amendment pursuant to Section 3.2(a)(i) (Voting Generally: Intercreditor Party Decisions and Intercreditor Votes), Section 4.4 (Administrative Decisions) and Schedule 2 (Administrative Decisions) of the Intercreditor Agreement in order to amend the Common Terms Agreement to cure certain ambiguities and inconsistencies with respect to the hedging terms therein.

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. Amendments to Common Terms Agreement. The Borrower, the Guarantors and the Intercreditor Agent each agree that the Common Terms Agreement is amended by:

(a)replacing the words “hedging bank” with the word “counterparty” in the definition of “Hedging Bank” in Section 1.3 (Definitions) of Schedule A (Common Definitions and Rules of Interpretation) to the Common Terms Agreement.

(b)deleting the word “or” after “Gas Hedge Provider” and replacing it with “,” and adding the words “or any other party that is a counterparty to a Hedging Instrument” directly after “Power Hedge Provider” in the definition of “Permitted Hedging Instrument” in Section 1.3 (Definitions) of Schedule A (Common Definitions and Rules of Interpretation) to the Common Terms Agreement.

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

Section 3. Finance Document. This First Amendment constitutes a Finance Document as such term is defined in, and for purposes of, the Common Terms Agreement.

Section 4. GOVERNING LAW. THIS FIRST 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.

Section 5. Headings. All headings in this First 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 First 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 First Amendment may be executed 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 First 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 First Amendment.

Section 8. No Modifications; No Other Matters. Except as expressly provided for herein, the terms and conditions of the Common Terms 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.

[Signature pages follow]

2

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

	
		
	CHENIERE CORPUS CHRISTI

	HOLDINGS, LLC, as the Borrower

	 
	 

	 
	 

	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 FIRST AMENDMENT TO COMMON TERMS AGREEMENT

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

	
		
	SOCIÉTÉ GÉNÉRALE,

	as Intercreditor Agent on behalf of itself and

	each Facility Agent

	 
	 

	 
	 

	By:
	/s/ Ellen Turkel

	Name:  Ellen Turkel

	Title:    Director

SIGNATURE PAGE TO FIRST AMENDMENT TO COMMON TERMS AGREEMENTExhibit

Exhibit 10.5

EXECUTION VERSION

FIRST AMENDMENT TO
COMMON SECURITY AND ACCOUNT AGREEMENT

This First Amendment, dated as of November 28, 2018 (the “First Amendment”), amends the Amended and Restated Common Security and Account Agreement, dated as of May 22, 2018 (as 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 certain terms of the Finance Documents, it was intended that the Loan Parties would be permitted to enter into both secured and unsecured gas and power hedging arrangements, and the Loan Parties wish to enter into this First Amendment to the Common Security and Account Agreement in order to cure certain ambiguities and inconsistencies with respect to the hedging terms therein;

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, the Intercreditor Agent is hereby consenting to the Security Trustee’s execution of this amendment pursuant to Section 3.2(a)(i) (Voting Generally: Intercreditor Party Decisions and Intercreditor Votes), Section 4.4 (Administrative Decisions) and Schedule 2 (Administrative Decisions) of the Intercreditor Agreement.

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

(a)replacing the words “hedging bank” with the word “counterparty” in the definition of “Hedging Bank” in Section 1.3 (Definitions) of Schedule A (Common Definitions and Rules of Interpretation) to the Common Security and Account Agreement.

(b)deleting the word “or” after “Gas Hedge Provider” and replacing it with “,” and adding the words “or any other party that is a counterparty to a Hedging Instrument” directly after “Power Hedge Provider” in the definition of “Permitted Hedging Instrument” in Section 1.3 (Definitions) of Schedule A (Common Definitions and Rules of Interpretation) to the Common Security and Account Agreement.

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

Section 3. Finance Document. This First 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, 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 FIRST 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.

Section 5. Headings. All headings in this First 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 First 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 First Amendment may be executed 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 First 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 First 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.

[Signature pages follow]

2

IN WITNESS WHEREOF, the parties have caused this First 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 FIRST AMENDMENT TO COMMON SECURITY AND ACCOUNT AGREEMENT

IN WITNESS WHEREOF, the parties have caused this First 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 FIRST AMENDMENT TO COMMON SECURITY AND ACCOUNT AGREEMENT

IN WITNESS WHEREOF, the parties have caused this First 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 FIRST AMENDMENT TO COMMON SECURITY AND ACCOUNT AGREEMENT

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