Document:

Exhibit

Exhibit 10.5

SECOND AMENDMENT TO
COMMON SECURITY AND ACCOUNT AGREEMENT

This Second Amendment, dated as of August 30, 2019 (the “Second 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, 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 certain terms of the Finance Documents, it was intended that an “Acceptable Debt Service Reserve LC” could be provided by an Issuing Bank (as defined in the Working Capital Facility Agreement) to or for the account of the Loan Parties pursuant to the Working Capital Facility Agreement, and the Loan Parties wish to enter into this Second Amendment to the Common Security and Account Agreement in order to cure certain ambiguities and inconsistencies with respect to the definition of “Acceptable Debt Service Reserve LC” 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. Amendment to Common Security and Account Agreement. The Company, the Guarantors and the Security Trustee each agree that the definition of “Acceptable Debt Service Reserve LC” in Section 1.3 (Definitions) of Schedule A (Common Definitions and Rules of Interpretation) to the Common Security and Account Agreement is amended by (i) adding the word “and” to the end of clause (a); (ii) replacing the “; and” at the end of clause (b) with a “.”; and (iii) deleting clause (c) in its entirety. 
    
Section 2. Effectiveness. This Second Amendment shall be effective upon (x) the receipt by the Intercreditor Agent of executed counterparts of this Second Amendment by 

the Company and each Guarantor and (y) the execution of this Second Amendment by the Intercreditor Agent.

Section 3. Finance Document. This Second 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, 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 SECOND 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 Second 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 Second 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 Second 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 Second 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 Second 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 Second 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 C. Cohen

	 
	Title:       Treasurer

	 
	 

	 
	 

	CORPUS CHRISTI LIQUEFACTION,

	LLC, as Guarantor

	 
	 

	By:
	/s/ Lisa C. Cohen

	 
	Name:     Lisa C. Cohen

	 
	Title:       Treasurer

	 
	 

	 
	 

	CHENIERE CORPUS CHRISTI

	PIPELINE, L.P., as Guarantor

	 
	 

	By:
	/s/ Lisa C. Cohen

	 
	Name:     Lisa C. Cohen

	 
	Title:       Treasurer

	 
	 

	 
	 

	CORPUS CHRISTI PIPELINE GP, LLC,

	as Guarantor

	 
	 

	By:
	/s/ Lisa C. Cohen

	 
	Name:     Lisa C. Cohen

	 
	Title:       Treasurer

	 
	 

SIGNATURE PAGE TO SECOND AMENDMENT TO COMMON SECURITY AND ACCOUNT AGREEMENT

IN WITNESS WHEREOF, the parties have caused this Second 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/ Arnaud Batejat

	Name:
	Arnaud Batejat

	Title:
	VP

	 
	 

	 
	 

	 
	 

SIGNATURE PAGE TO SECOND AMENDMENT TO COMMON SECURITY AND ACCOUNT AGREEMENT

IN WITNESS WHEREOF, the parties have caused this Second 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/ Arnaud Batejat

	Name:
	Arnaud Batejat

	Title:
	VP

	 
	 

	 
	 

	 
	 

SIGNATURE PAGE TO SECOND AMENDMENT TO COMMON SECURITY AND ACCOUNT AGREEMENTExhibit

Exhibit 10.7
AMENDMENT TO
AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT
This Amendment to Amended and Restated Revolving Credit Agreement (this “Amendment”), dated as of September 27, 2019, is entered into by and among CHENIERE ENERGY, INC., a Delaware corporation (“Borrower”), SOCIÉTÉ GÉNÉRALE, as administrative agent (“Agent”), and the Requisite Lenders party hereto.
RECITALS
A.    Reference is made to the Amended and Restated Revolving Credit Agreement, dated as of December 13, 2018, by and among Borrower, Agent and the various Lenders and Issuing Banks party thereto (as amended pursuant hereto, and as otherwise amended, restated, supplemented or otherwise modified from time to time and including all schedules and exhibits thereto, the “Credit Agreement”).
B.    Section 9.5(a) of the Credit Agreement permits certain terms of the Credit Agreement to be amended with the consent of the Borrower, Agent and the Requisite Lenders.
C.    Borrower, Agent and the Requisite Lenders desire to enter into this Amendment to amend the Credit Agreement as set forth herein. 
AGREEMENTS
In consideration of the foregoing and the mutual covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Borrower, Agent and the Requisite Lenders hereby agree as follows:
SECTION 1.Defined Terms.  Except as otherwise expressly provided herein, capitalized terms used herein (including in the recitals and preamble hereto) and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement. The rules of construction specified in subsection 1.3 of the Credit Agreement also apply to this Amendment mutatis mutandis.

SECTION 2.Amendment to Credit Agreement.  Subject to the satisfaction of the conditions set forth in Section 3, the Credit Agreement is hereby amended as of the date hereof as follows:

(a)Section 2.4 of the Credit Agreement is hereby amended and restated in its entirety as follows:

Use of Proceeds. Letters of Credit and the proceeds of Loans shall be available and applied, respectively, as follows: (a) Letters of Credit (measured based on the L/C Obligations in respect thereof) and such Loan proceeds (including Loans made to refinance Unreimbursed Amounts in respect of such Letters of Credit), collectively in the aggregate, of up to twenty percent (20%) of the Commitments (the “Base GCP Amount”) may be used for general corporate purposes of 

Borrower (excluding, prior to the Trigger Point, the making of Restricted Payments); provided that no Letters of Credit shall be available and no proceeds of Loans may be used for general corporate purposes unless (i) the (A) Aggregate Availability plus (B) from and after the Trigger Point, Borrower’s Unrestricted Cash is no less than the amount of Borrower’s Outstanding CCH ECA Obligation as of the date of the proposed Credit Extension; provided that the Outstanding CCH ECA Obligation shall be reduced by the Stated Amount of any Letter of Credit issued to fund CCH Equity Contributions (provided further that, for the avoidance of doubt, the Aggregate Availability shall with respect to each such Letter of Credit be reduced by the amount of L/C Obligations with respect to such Letter of Credit) and (ii) no event, circumstance or change has occurred that would constitute a GCP Material Adverse Effect; and (b) Letters of Credit (measured based on the L/C Obligations in respect thereof) and such Loan proceeds (including Loans made to refinance Unreimbursed Amounts in respect of such Letters of Credit) in an aggregate amount equal to the balance of the Commitments may be used by Borrower to fund, directly or indirectly, CCH Equity Contributions to CCH HoldCo II and its Subsidiaries, as well as related fees and expenses; provided that at any time (and only during the time period) when the Outstanding CCH ECA Obligation (reduced by the Stated Amount of any Letter of Credit issued to fund CCH Equity Contributions, provided that, for the avoidance of doubt, the Aggregate Availability shall with respect to each such Letter of Credit be reduced by the amount of L/C Obligations with respect to such Letter of Credit) is less than (A) the Aggregate Availability plus (B) from and after the Trigger Point, Borrower’s Unrestricted Cash, the amount of Commitments that may be used for general corporate purposes of Borrower and its Subsidiaries (excluding, prior to the Trigger Point, the making of Restricted Payments) pursuant to this Section 2.4 shall be increased (at such time and during such time period) above the Base GCP Amount by the amount that (A) Aggregate Availability plus (B) from and after the Trigger Point, Borrower’s Unrestricted Cash, exceeds the Outstanding CCH ECA Obligation (reduced by the Stated Amount of any Letter of Credit issued to fund CCH Equity Contributions, provided that, for the avoidance of doubt, the Aggregate Availability shall with respect to each such Letter of Credit be reduced by the amount of L/C Obligations with respect to such Letter of Credit). Notwithstanding the foregoing or anything else in this Agreement to the contrary, Letters of Credit and the proceeds of Loans shall be available and applied, on the Closing Date, to (i) pay accrued fees and expenses owing under or in connection with the Existing Credit Agreement and the Finance Documents defined therein and (ii) pay the fees, costs and expenses incurred in connection with this Agreement and the other Finance Documents.

SECTION 3.Conditions of Effectiveness.  This Amendment shall become effective on the date the Agent shall have received counterparts of this Amendment duly executed by each of the Borrower, Agent, and Lenders constituting the Requisite Lenders (the first date on which such conditions have been satisfied, the “Amendment Effective Date”).

Signature Page to Amendment to Amended and Restated Credit Agreement

SECTION 4.Representations and Warranties.  The Borrower hereby represents and warrants as of the Amendment Effective Date as follows:

(a)This Amendment and the Credit Agreement as amended hereby constitute legal, valid and binding obligations of the Borrower, enforceable in accordance with their terms, subject to the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting creditors’ rights generally, and subject to the effects of general principles of equity (regardless whether considered in a proceeding in equity or at law).

(b)After giving effect to the terms of this Amendment, (i) no Default or Event of Default has occurred and is continuing and (ii) the representations and warranties of the Borrower set forth in the Credit Agreement are true and correct in all material respects (provided that any representation or warranty that is qualified by materiality or Material Adverse Effect is true and correct in all respects), except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided that any representation or warranty that is qualified by materiality or Material Adverse Effect is true and correct in all respects) as of such earlier date.

SECTION 5.Effect on Credit Agreement. 

(a)Except as specifically amended hereby, all of the terms and conditions of the Credit Agreement are unaffected and shall continue to be in full force and effect and shall be binding on the parties hereto in accordance with their respective terms, except as expressly superseded by this Amendment. This Amendment does not, except as explicitly set forth herein, constitute a waiver of compliance with, or modification or amendment of, any other term or condition under the Credit Agreement.

(b)This Amendment is a “Financing Document” and shall constitute an amendment of the Credit Agreement made under and in accordance with the terms of Section 9.5 of the Credit Agreement.

SECTION 6.Governing Law.  Section 9.14 of the Credit Agreement is hereby incorporated by reference into this Amendment and shall apply hereto, mutatis mutandis, as if fully set forth herein.

SECTION 7.Counterparts.  This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  Delivery by telecopier or other electronic means (including “.pdf” or “.tif” format) of an executed counterpart of a signature page to this Amendment shall be effective as delivery of an original executed counterpart of this Amendment.

[signature pages follow]

Signature Page to Amendment to Amended and Restated Credit Agreement

IN WITNESS WHEREOF, each of the undersigned have caused this Amendment to be executed by their respective duly authorized officers as of the date first written above.
	
			
	BORROWER:

	 
	 
	 

	CHENIERE ENERGY, INC.

	 
	 
	 

	By:
	/s/ Lisa C. Cohen

	Name:
	Lisa C. Cohen

	Title:
	Vice President and Treasurer

Signature Page to Amendment to Amended and Restated Credit Agreement

	
			
	AGENT:

	 
	 
	 

	SOCIÉTÉ GÉNÉRALE

	as Administrative Agent

	 
	 
	 

	By:
	/s/ Ellen Turkel

	Name:
	Ellen Turkel

	Title:
	Director

Signature Page to Amendment to Amended and Restated Credit Agreement

	
			
	REQUISITE LENDERS:

	 
	 
	 

	SOCIÉTÉ GÉNÉRALE

	as Lender and Issuing Bank

	 
	 
	 

	By:
	/s/ Ellen Turkel

	Name:
	Ellen Turkel

	Title:
	Director

Signature Page to Amendment to Amended and Restated Credit Agreement

	
			
	ROYAL BANK OF CANADA,

	as Lender and Issuing Bank

	 
	 
	 

	By:
	/s/ Kristan Spirey

	Name:
	Kristan Spirey

	Title:
	Authorized Signatory

Signature Page to Amendment to Amended and Restated Credit Agreement

	
			
	THE BANK OF NOVA SCOTIA, HOUSTON

	BRANCH,

	as Lender and Issuing Bank

	 
	 
	 

	By:
	/s/ Alfredo Brahim

	Name:
	Alfredo Brahim

	Title:
	Director

Signature Page to Amendment to Amended and Restated Credit Agreement

	
			
	ING CAPITAL LLC,

	as Lender and Issuing Bank

	 
	 
	 

	By:
	/s/ Subha Pasumarti

	Name:
	Subha Pasumarti

	Title:
	Managing Director

	 
	 
	 

	By:
	/s/ Catharina van der Woude

	Name:
	Catharina van der Woude

	Title:
	Director

Signature Page to Amendment to Amended and Restated Credit Agreement

	
			
	BANK OF AMERICA, N.A.,

	as Lender and Issuing Bank

	 
	 
	 

	By:
	/s/ Lauren Halliday

	Name:
	Lauren Halliday

	Title:
	Vice President

Signature Page to Amendment to Amended and Restated Credit Agreement

	
			
	JP MORGAN CHASE BANK, N.A.,

	as Lender and Issuing Bank

	 
	 
	 

	By:
	/s/ Arina Mavilian

	Name:
	Arina Mavilian

	Title:
	Authorized Signatory

Signature Page to Amendment to Amended and Restated Credit Agreement

	
			
	CITIBANK, N.A.,

	as Lender and Issuing Bank

	 
	 
	 

	By:
	/s/ Derrick Lenz

	Name:
	Derrick Lenz

	Title:
	Vice President

Signature Page to Amendment to Amended and Restated Credit Agreement

	
			
	GOLDMAN SACHS BANK USA,

	as Lender and Issuing Bank

	 
	 
	 

	By:
	/s/ Jamie Minieri

	Name:
	Jamie Minieri

	Title:
	Authorized Signatory

Signature Page to Amendment to Amended and Restated Credit Agreement

	
			
	HSBC BANK USA, NATIONAL

	ASSOCIATION,

	as Lender and Issuing Bank

	 
	 
	 

	By:
	/s/ Balaji Rajgopal

	Name:
	Balaji Rajgopal

	Title:
	Director

Signature Page to Amendment to Amended and Restated Credit Agreement

	
			
	INTESA SANPAOLO S.P.A., NEW YORK

	BRANCH,

	as Lender and Issuing Bank

	 
	 
	 

	By:
	/s/ Fuensanta Diaz Cobacho

	Name:
	Fuensanta Diaz Cobacho

	Title:
	First Vice President

	 
	 
	 

	By:
	/s/ Nicholas A. Matacchieri

	Name:
	Nicholas A. Matacchieri

	Title:
	Vice President

Signature Page to Amendment to Amended and Restated Credit Agreement

	
			
	MIZUHO BANK, LTD.,

	as Lender and Issuing Bank

	 
	 
	 

	By:
	/s/ Brian T. Caldwell

	Name:
	Brian Caldwell

	Title:
	Managing Director

Signature Page to Amendment to Amended and Restated Credit Agreement

	
			
	MORGAN STANLEY SENIOR FUNDING, 

	INC.,

	as Lender and Issuing Bank

	 
	 
	 

	By:
	/s/ Rikin Pandya

	Name:
	Rikin Pandya

	Title:
	Vice President

Signature Page to Amendment to Amended and Restated Credit Agreement

	
			
	CANADIAN IMPERIAL BANK OF

	COMMERCE, NEW YORK BRANCH,

	as Lender and Issuing Bank

	 
	 
	 

	By:
	/s/ Lavinia Macovschi

	Name:
	Lavinia Macovschi

	Title:
	Authorized Signatory

	 
	 
	 

	By:
	/s/ Farhad Merali

	Name:
	Farhad Merali

	Title:
	Authorized Signatory

Signature Page to Amendment to Amended and Restated Credit Agreement

	
			
	CREDIT SUISSE AG, CAYMAN ISLANDS

	BRANCH,

	as Lender and Issuing Bank

	 
	 
	 

	By:
	/s/ Nupur Kumar

	Name:
	Nupur Kumar

	Title:
	Authorized Signatory

	 
	 
	 

	By:
	/s/ Christopher Zybrick

	Name:
	Christopher Zybrick

	Title:
	Authorized Signatory

Signature Page to Amendment to Amended and Restated Credit Agreement

	
			
	MUFG BANK, LTD.,

	as Lender and Issuing Bank

	 
	 
	 

	By:
	/s/ Stephen W. Warfel

	Name:
	Stephen W. Warfel

	Title:
	Managing Director

Signature Page to Amendment to Amended and Restated Credit Agreement

	
			
	SUMITOMO MITSUI BANKING

	CORPORATION,

	as Lender and Issuing Bank

	 
	 
	 

	By:
	/s/ Michael Maguire

	Name:
	Michael Maguire

	Title:
	Executive Director

Signature Page to Amendment to Amended and Restated Credit Agreement

	
			
	ABN AMRO CAPITAL USA LLC,

	as Lender and Issuing Bank

	 
	 
	 

	By:
	/s/ Darrell Holley

	Name:
	Darrell Holley

	Title:
	Managing Director

	 
	 
	 

	By:
	/s/ Anna C. Ferreira

	Name:
	Anna C. Ferreira

	Title:
	Vice-President

Signature Page to Amendment to Amended and Restated Credit Agreement

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