Document:

Exhibit

Exhibit 10.62

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 AGREEMENTExhibit

Exhibit  10.96

CHANGE ORDER FORM

Soils Preparation Provisional Sum Closeout

	
		
	PROJECT NAME:  Sabine Pass LNG Stage 3 Liquefaction Facility

OWNER:  Sabine Pass Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: May 4, 2015
	CHANGE ORDER NUMBER: CO-00037

DATE OF CHANGE ORDER: November 29, 2018

The Agreement between the Parties listed above is changed as follows: (attach additional documentation if necessary)

		
	1.
	The value of the Soils Preparation Provisional Sum incorporated into the Agreement in Change Order CO-00021, executed September 13, 2017, was $86,954,513. Parties agree to close this Provisional Sum. The Actual Cost for the Soils Preparation Provisional Sum is $84,850,512. The contract price will be decreased by $2,104,001 which reflects the closure of this Provisional Sum.

		
	2.
	The Provisional Sum breakdown is described as follows:

		
	a.
	This Change Order will decrease the Soils Preparation Provisional Sum specified in Article 2.1 of Attachment EE, Schedule EE-2, by $86,954,513.  The new value of the Soils Preparation Provisional Sum will be $0.

		
	b.
	The Aggregate Provisional Sum specified in Article 7.1A of the Agreement prior to this Change Order was $291,338,848.  This Change Order will decrease the Aggregate Provisional Sum amount by $86,954,513 and the new value shall be $204,384,334.

		
	3.
	The overall cost breakdown for this decrease in the Soils Preparation Provisional Sum is provided in Exhibit A.

		
	4.
	Schedule C-1 (Milestone Payment Schedule) of Attachment C of the Agreement will be amended by including the milestone(s) listed in Exhibit B of this Change Order.

Adjustment to Contract Price
	
				
	The original Contract Price was........................................................................................................................
	$
	2,987,000,000
	

	Net change by previously authorized Change Orders (#00001-00036)............................................................
	$
	74,458,500
	

	The Contract Price prior to this Change Order was..........................................................................................
	$
	3,061,458,500
	

	The Contract Price will be increased by this Change Order in the amount of..................................................
	$
	(2,104,001
	)

	The new Contract Price including this Change Order will be..........................................................................
	$
	3,059,354,499
	

Adjustment to dates in Project Schedule
The following dates are modified (list all dates modified; insert N/A if no dates modified): N/A

Adjustment to other Changed Criteria (insert N/A if no changes or impact; attach additional documentation if necessary) N/A

Adjustment to Payment Schedule: Yes. See Exhibit A and B. 

Adjustment to Minimum Acceptance Criteria: N/A

Adjustment to Performance Guarantees:  N/A

Adjustment to Design Basis: N/A

Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A

Select either A or B:
[A] This Change Order shall constitute a full and final settlement and accord and satisfaction of all effects of the change reflected in this Change Order upon the Changed Criteria and shall be deemed to compensate Contractor fully for such change.  Initials:  /s/ MDR_ Contractor  s/ DC_ Owner

[B] This Change Order shall not constitute a full and final settlement and accord and satisfaction of all effects of the change reflected in this Change Order upon the Changed Criteria and shall not be deemed to compensate Contractor fully for such change.  Initials:  ____ Contractor  ____ Owner

Upon execution of this Change Order by Owner and Contractor, the above-referenced change shall become a valid and binding part of the original Agreement without exception or qualification, unless noted in this Change Order.  Except as modified by this and any previously issued Change Orders, all other terms and conditions of the Agreement shall remain in full force and effect.  This Change Order is executed by each of the Parties’ duly authorized representatives. 

	
			
	/s/ David Craft
	 
	/s/ Maurissa Douglas Rogers

	Owner
	 
	Contractor

	David Craft
	 
	Maurissa Douglas Rogers

	Name
	 
	Name

	SVP E&C
	 
	Senior Project Manager, PVP

	Title
	 
	Title

	December 14, 2018
	 
	November 28, 2018

	Date of Signing
	 
	Date of Signing

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