Document:

Amendment No. 2 to Cheniere Energy, Inc. 2003 Stock Incentive Plan

 Exhibit 10.9 
  
 CHENIERE ENERGY, INC. 2003 STOCK INCENTIVE PLAN 
 AMENDMENT No. 2 
  
 WHEREAS, Cheniere Energy, Inc. (the “Company”) previously adopted the Cheniere Energy, Inc. 2003 Stock Incentive Plan (the “Plan”); and 
  
 WHEREAS, the Company desires to amend the Plan with respect to
determining the fair market value of the Common Stock (as defined in the Plan); and 
  
 WHEREAS, in Section 1.4 of the Plan, the Company reserves the right to amend the Plan; 
  
 NOW, THEREFORE, the Plan is hereby amended, effective as of January 1, 2005, as follows: 
  
 1. The definition of “Fair Market Value or FMV Per Share” in
Section 1.8 of the Plan is amended to read as follows: 
  
 “Fair Market Value or FMV Per Share”. The Fair Market Value or FMV Per Share of the Common Stock shall be the closing price of the Common Stock on the principal exchange or over-the-counter market on which such shares are
trading, if any, or as reported on any composite index which includes such principal exchange, on the most recent trading date that immediately precedes the date of the determination; provided, however, that any Awards exercised after the close of
trading on any given date shall be deemed to be exercised on the next following trading date for purposes of determining Fair Market Value or FMV Per Share. If shares of the Common Stock are not listed or admitted to trading on any exchange,
over-the-counter market or any similar organization as of the determination date, the Fair Market Value or FMV Per Share shall be determined by the Committee in good faith using any fair and reasonable means selected in its discretion. 

 
 2. Except as modified herein, the Plan is hereby specifically
ratified and affirmed.Form of Non-Qualified Stock Option Grant (four year vesting)

 Exhibit 10.10 
  
 CHENIERE ENERGY, INC. 
  
 NON-QUALIFIED STOCK OPTION GRANT 
  
 Optionee:
                                        

  
 I. Grant of Stock Option. As of the Grant Date (identified
below), Cheniere Energy, Inc. (the “Company”) hereby grants a Non-qualified Stock Option (the “Option”) to the undersigned optionee (the “Optionee”) to purchase the number of shares of the Company’s common stock,
$.003 par value per share, identified below (the “Common Stock”), subject to the terms and conditions of this grant (the “Grant”) and the Company’s 2003 Stock Incentive Plan, as amended (the “Plan”), which is
incorporated herein in its entirety by reference. The Common Stock, when issued to Optionee upon the exercise of the Option, shall be fully paid and nonassessable. The Option is not an “incentive stock option” as defined in Section 422 of
the Internal Revenue Code. 
  
 II. Definitions and Other Terms. All
capitalized terms used herein shall have the meanings set forth in the Plan unless otherwise provided herein. The following capitalized terms shall have those meanings set forth opposite them: 
  

			
	 A.
	  	Optionee:
                                        
            .
		
	 B.
	  	Grant Date:
                            
            , 20        .
		
	 C.
	  	Shares subject to Options:                         
shares of the Company’s Common Stock.
		
	 D.
	  	Option Price: $             per share.
		
	 E.
	  	Option Period:                         , 2005 through
                        , 2015 (until 12:00 p.m. central).
		
	 F.
	  	Exercise: The Options may be exercise for
                         shares on the first anniversary of the Grant Date, and for
                         shares on each subsequent anniversary of the Grant Date until fully exercisable as
follows:

  

									
	 	 	Date

	  	 	 	 Options
 Exercisable

	  	 
	 	 	                        , 2006	  	 	 	 	  	 
	 	 	                        , 2007	  	 	 	 	  	 
	 	 	                        , 2008	  	 	 	 	  	 
	 	 	                        , 2009	  	 	 	 	  	 
	 	 	 	  	Total    	 	 	  	 

  
 III. Option
Period. The Option Period shall begin on the Grant Date and terminate on the              day of
                        , 20         (the “Option Expiration
Date”). 

 IV. Forfeiture or Termination of Options Upon Termination of Service. Upon termination,
resignation or removal of the Optionee from service or employment with the Company under any circumstances, any Options not then exercisable shall not vest, shall be forfeited back to the Company and shall be available for re-issuance under the
Plan. Optionee shall have six (6) months after termination from service or employment during which to exercise any Options which are exercisable upon termination from service or employment. Any Options not exercised within such six-month period
shall terminate, shall be forfeited back to the Company and shall be available for re-issuance under the Plan. 
  
 XII. Withholding of Taxes. Any issuance of Common Stock pursuant to the exercise of an Option shall not be made until appropriate arrangements satisfactory to the Company have been made for payment of
any tax amounts (federal, state, local or other) that may be required to be withheld or paid by the Company with respect thereto. 
  
 IN WITNESS WHEREOF, this Non-Qualified Stock Option Grant is executed this             
day of             , 20        . 
  

			
	CHENIERE ENERGY, INC.
		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 
	
	 717 Texas Avenue, Suite 3100

	 Houston, Texas 77002-4102

  
 Accepted and
agreed this              day of
                        , 20        . 
  

			
	“OPTIONEE”
		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 
		
	 Address:
	 	 
		
	 	 	 
		
	 	 	 

  

 2Form of Non-Qualified Stock Option Grant (three year vesting)

 Exhibit 10.11 
  
 CHENIERE ENERGY, INC. 
  
 NON-QUALIFIED STOCK OPTION GRANT 
  
 Optionee:
                         
  
 I. Grant of Stock Option. As of the Grant Date (identified below), Cheniere Energy, Inc. (the “Company”) hereby grants a Non-qualified Stock
Option (the “Option”) to the undersigned optionee (the “Optionee”) to purchase the number of shares of the Company’s common stock, $.003 par value per share, identified below (the “Common Stock”), subject to the
terms and conditions of this grant (the “Grant”) and the Company’s 2003 Stock Incentive Plan, as amended (the “Plan”), which is incorporated herein in its entirety by reference. The Common Stock, when issued to Optionee upon
the exercise of the Option, shall be fully paid and nonassessable. The Option is not an “incentive stock option” as defined in Section 422 of the Internal Revenue Code. 
  
 II. Definitions and Other Terms. All capitalized terms used herein shall have the meanings set forth in the Plan unless
otherwise provided herein. The following capitalized terms shall have those meanings set forth opposite them: 
  

	 	A.	Optionee:
                                        
            . 

  

	 	B.	Grant Date:
                                     ,
20        . 

  

	 	C.	Shares subject to Options:
                             shares of the Company’s Common Stock. 

  

	 	D.	Option Price: $             per share. 

  

	 	E.	Option Period:                         , 2005
through                             , 2010 (until 12:00 p.m. central). 

  

	 	F.	Exercise: The Options may be exercise for
                             shares on the first anniversary of the Grant Date, and for
                             shares on each subsequent anniversary of the Grant Date until fully
exercisable as follows: 

  

			
	 	  	 Options 

	 Date

	  	 Exercisable

	                             , 2006
	  	 
	                             , 2007
	  	 
	                             , 2008
	  	 
	 	  	

	 Total
	  	 
	 	  	

  
 III. Option
Period. The Option Period shall begin on the Grant Date and terminate on the              day of
                                ,
20         (the “Option Expiration Date”). 
  
 IV. Forfeiture or Termination of Options Upon Termination of Service. Upon termination, resignation or removal of the Optionee from service or employment with the Company under any circumstances,
any Options not then exercisable shall not vest, shall be forfeited back to the Company and shall be available for re-issuance under the Plan. Optionee shall have six (6) months 

 
after termination from service or employment during which to exercise any Options which are exercisable upon termination from service or employment. Any
Options not exercised within such six-month period shall terminate, shall be forfeited back to the Company and shall be available for re-issuance under the Plan. 
  
 XII. Withholding of Taxes. Any issuance of Common Stock pursuant to the exercise of an Option shall not be made until appropriate
arrangements satisfactory to the Company have been made for payment of any tax amounts (federal, state, local or other) that may be required to be withheld or paid by the Company with respect thereto. 
  
 IN WITNESS WHEREOF, this Non-Qualified Stock Option Grant is executed this
             day of
                                ,
20        . 
  

			
	CHENIERE ENERGY, INC.
		
	By:	 	 
	 Name:
	 	 
	 Title:
	 	 
	
	 717 Texas Avenue, Suite 3100
 Houston, Texas 77002-4102

  
 Accepted and
agreed this              day of
                                    ,
20        . 
  

			
	“OPTIONEE”
		
	By:	 	 
	 Name:
	 	 
	 Title:
	 	 
		
	 Address:
	 	 
	 	 	 
	 	 	 

  

 2Form of Restricted Stock Grant

 Exhibit 10.12 
  
 CHENIERE ENERGY, INC. 2003 STOCK INCENTIVE PLAN 
  
 RESTRICTED STOCK GRANT 
  
 1. Grant of Restricted Shares. Cheniere Energy, Inc., a Delaware corporation (the “Company”), hereby grants to
                                 (“Participant”) all rights, title and
interest in the record and beneficial ownership of
                                
(            ) shares (the “Restricted Shares”) of common stock, $0.03 par value per share, of the Company (“Common Stock”), subject to the conditions described
in this grant of Restricted Stock (the ”Grant”) and in the Cheniere Energy, Inc. 2003 Stock Incentive Plan (the “Plan”). The Restricted Shares are granted, effective as of the      day of
                    , 20     (the “Grant Date”). 
  
 2. Issuance and Transferability. Certificates representing the
shares granted hereunder shall be issued to Participant of even date herewith and shall be marked with the following legend: 
  
 “The shares represented by this certificate have been issued pursuant to the terms of the Cheniere Energy, Inc. 2003 Stock Incentive Plan (as amended
and restated) and may not be sold, pledged, transferred, assigned or otherwise encumbered in any manner except as is set forth in the terms of such award dated
                         , 20    .” 
  
 Such shares are not transferable except by will or the laws of descent and distribution or
pursuant to a domestic relations order of the court in a divorce proceeding. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, or torts of Participant. 
  
 3. Risk of Forfeiture. Participant shall immediately forfeit
all rights to any non-vested portion of the Restricted Shares in the event of termination, resignation or removal from employment with the Company of Participant under circumstances that do not cause Participant to become fully vested under the
terms of the Plan. 
  
 4. Vesting. Subject to
Paragraph 3 hereof, Participant shall vest in his rights under the Restricted Shares and the Company’s right to repurchase such shares shall lapse with respect to 33% of the Restricted Shares on the first anniversary of the date hereof, and
shall vest at 33% on the second anniversary of the date here of with the remainder of the Restricted Shares vesting on the third anniversary of the date hereof. Upon termination, resignation or removal of Participant from service or employment with
the Company under any circumstances, any Restricted Shares not then vested shall not vest, shall be forfeited back to the Company and shall be available for re-issuance under the Plan. 

 5. Ownership Rights. Subject to the restrictions set forth in this Grant, the Plan and
Paragraph 8, Participant is entitled to all voting and ownership rights applicable to the Restricted Shares, including the right to receive any cash dividends that may be paid on the Restricted Shares. The Restricted Shares shall be registered in
the name of the Participant and at the address set forth below the Participant’s signature attached hereto. 
  
 6. Reorganization of the Company. The existence of this Grant shall not affect in any way the right or power of the Company or its
stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business; any merger or consolidation of the Company; any issue of bonds, debentures,
preferred or prior preference stock ahead of or affecting the Restricted Shares or the rights thereof; the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or
proceeding, whether of a similar character or otherwise. 
  
 7.
Recapitalization Events. In the event of stock dividends, spin-offs of assets or other extraordinary dividends, stock splits, combinations of shares, recapitalizations, mergers, consolidations, reorganizations, liquidations, issuances of
rights or warrants and similar transactions or events involving the Company (“Recapitalization Events”), then for all purposes references herein to Common Stock or to Restricted Shares shall mean and include all securities or other
property (other than cash) that holders of Common Stock of the Company are entitled to receive in respect of Common Stock by reason of each successive Recapitalization Event, which securities or other property (other than cash) shall be treated in
the same manner and shall be subject to the same restrictions as the underlying Restricted Shares. 
  
 8. Certain Restrictions. By executing this Grant, Participant acknowledges that he has received a copy of the Plan and agrees that he will
enter into such written representations, warranties and agreements and execute such documents as the Company may reasonably request in order to comply with the securities law or any other applicable laws, rules or regulations, or with this document
or the terms of the Plan. 
  
 9. Amendment and
Termination. No amendment or termination of this Grant shall be made by the Company at any time without the written consent of Participant. 
  

 2 

 10. Withholding of Taxes. Participant agrees that, if he makes an election under Section
83(b) of the Internal Revenue Code of 1986, as amended, with regard to the Restricted Shares, he will so notify the Company in writing within two (2) days after making such election, so as to enable the Company to timely comply with any applicable
governmental reporting requirements. The Company shall have the right to take any action as may be necessary or appropriate to satisfy any federal, state or local tax withholding obligations. 
  
 11. No Guarantee of Tax Consequences. The Company makes no
commitment or guarantee to Participant that any federal or state tax treatment will apply or be available to any person eligible for benefits under this Grant. 
  

12. Severability. In the event that any provision of this Grant shall be held illegal, invalid, or unenforceable for any reason, such
provision shall be fully severable and shall not affect the remaining provisions of this Grant, and the Grant shall be construed and enforced as if the illegal, invalid, or unenforceable provision had never been included herein. 
  
 13. Governing Law. The Grant shall be construed in accordance
with the laws of the State of Delaware to the extent that federal law does not supersede and preempt Delaware law. 
  
 Executed the      day of
                    , 20    . 
  

			
	COMPANY:
		
	By:	 	  

	 	 	  

	 	 	  

  
 Accepted the
     day of                     , 20     
  

			
	PARTICIPANT:
	  

	
	Address:
	  

	  

	  

		
	Social Security Number:	 	  

  

 3

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