Document:

Form of 2007 Long-Term Incentive Plan

 Exhibit 10.33 
 CHENIERE ENERGY PARTNERS, L.P. 
 LONG-TERM INCENTIVE PLAN 
 1. Purpose of the Plan. 
 The Cheniere Energy
Partners, L.P. Long-Term Incentive Plan (the “Plan”) has been adopted by Cheniere Energy Partners GP, LLC, a Delaware limited liability company (the “Company”), the general partner of Cheniere Energy Partners, L.P.,
a Delaware limited partnership (the “Partnership”), and is intended to promote the interests of the Partnership and the Company and their Affiliates by providing to employees, consultants, and directors of the Company and employees
and consultants of its Affiliates who perform services for or on behalf of the Partnership and its subsidiaries incentive compensation awards for superior performance that are based on Units. The Plan is also contemplated to enhance the ability of
the Company and its Affiliates to attract and retain the services of individuals who are essential for the growth and profitability of the Partnership and its subsidiaries and to encourage them to devote their best efforts to advancing the business
of the Partnership and its subsidiaries. 
 2. Definitions. 
 As used in the Plan, the following terms shall have the meanings set forth below: 
 “Affiliate” means, with respect to any Person, any other Person that directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with, the Person in question. As used
herein, the term “control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise.
Notwithstanding the immediately preceding two sentences, to the extent that Section 409A of the Code applies to Options or Unit Appreciation Rights granted under the Plan, the term “Affiliate” means all Persons with whom the Company
could be considered a single employer under Section 414(b) or Section 414(c) of the Code substituting “20 percent” in place of “80 percent” in determining a controlled group of corporations under
Section 414(b) of the Code and in determining trades or businesses (whether or not incorporated) that are under common control for purposes of Section 414(c) of the Code. 
 “Award” means an Option, Restricted Unit, Phantom Unit or Unit Appreciation Right granted under the Plan, and may include
tandem DERs granted with respect to an Option, Phantom Unit or Unit Appreciation Right. 
 “Award Agreement”
means the written agreement by which an Award shall be evidenced. 
 “Board” means the Board of Directors of
the Company. 
 “Change of Control” means, and shall be deemed to have occurred upon the occurrence of one or
more of the following events: (i) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of the Partnership, the Company or Cheniere Energy, Inc. to any
Person and/or its Affiliates, other than to the Partnership, the Company and/or any of their Affiliates; (ii) the consolidation, reorganization, merger or other transaction pursuant to which more than 50% of the voting power of the outstanding
equity interests in the Partnership, the Company or Cheniere Energy, Inc. cease to be owned by the Persons who own such interests as of the effective date of the initial public offering of Units; or (iii) the limited partners of the Company or
the Partnership approve, in one or a series of transactions, a plan of complete liquidation of the Company or the Partnership. 
 Solely with respect to any Award that is subject to Section 409A of the Code and to the extent that the definition of change in control under Section 409A applies to limited liability companies and affects federal income taxation
of an affected Award, this definition is intended to comply with the definition of change in control under Section 409A of the Code and, to the extent 

 
that the above definition does not so comply, such definition shall be void and of no effect and, to the extent required to ensure that this definition
complies with the requirements of Section 409A of the Code, the definition of such term set forth in regulations or other regulatory guidance issued under Section 409A of the Code by the appropriate governmental authority is hereby
incorporated by reference into and shall form part of this Plan as fully as if set forth herein verbatim and the Plan shall be operated in accordance with the above definition of Change in Control as modified to the extent necessary to ensure that
the above definition complies with the definition prescribed in such regulations or other regulatory guidance insofar as the definition relates to any Award that is subject to Section 409A of the Code. 
 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Committee” means the Board or such committee of the Board as may be appointed by the Board to administer the Plan.

 “Consultant” means an individual, other than an Employee or a Director, providing bona fide services to
the Partnership or any of its subsidiaries as a consultant or advisor, as applicable, provided that (i) such individual is a natural person, and (ii) the grant of an Award to such Person could not reasonably be expected to result in
adverse federal income tax consequences under Section 409A of the Code. 
 “DER” or
“Distribution Equivalent Right” means a contingent right, granted in tandem with a specific Option, Unit Appreciation Right or Phantom Unit, to receive an amount in cash equal to the cash distributions made by the Partnership with
respect to a Unit during the period such tandem Award is outstanding. 
 “Director” means a member of the Board who
is not an Employee. 
 “Employee” means any employee of the Company or an Affiliate who performs services for
the Partnership or its subsidiaries. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended.

 “Fair Market Value” means the closing sales price of a Unit on the applicable date (or if there is no
trading in the Units on such date, on the next preceding date on which there was trading) as reported in The Wall Street Journal (or other reporting service approved by the Committee). In the event Units are not publicly traded at the time a
determination of fair market value is required to be made hereunder, the determination of fair market value shall be made in good faith by the Committee. 
 “Option” means an option to purchase Units granted under the Plan. 
 “Participant” means any Employee, Consultant or Director granted an Award under the Plan. 
 “Person” means an individual or a corporation, limited liability company, partnership, joint venture, trust, unincorporated organization, association, government agency or political subdivision thereof or other entity.

 “Phantom Unit” means a phantom (notional) Unit granted under the Plan which upon vesting entitles the
Participant to receive a Unit or an amount of cash equal to the Fair Market Value of a Unit. Whether cash or Units are received for Phantom Units shall be determined in the sole discretion of the Committee and shall be set forth in the Award
Agreement. 
  

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 “Restricted Period” means the period established by the Committee with
respect to an Award during which the Award remains subject to forfeiture or is either not exercisable by or payable to the Participant, as the case may be. 
 “Restricted Unit” means a Unit granted under the Plan that is subject to a Restricted Period. 
 “Rule 16b-3” means Rule 16b-3 promulgated by the SEC under the Exchange Act, or any successor rule or regulation thereto as in effect from time to time. 
 “SEC” means the Securities and Exchange Commission, or any successor thereto. 
 “UAR” of “Unit Appreciation Right” means an Award that, upon exercise, entitles the holder to receive
the excess of the Fair Market Value of a Unit on the exercise date over the exercise price established for such Unit Appreciation Right. Such excess may be paid in cash and/or in Units as determined in the sole discretion of the Committee and set
forth in the Award Agreement. 
 “UDR” or “Unit Distribution Right” means a distribution
made by the Partnership with respect to a Restricted Unit. 
 “Unit” means a common unit of the Partnership.

 3. Administration. 
 The Plan shall be
administered by the Committee. A majority of the Committee shall constitute a quorum, and the acts of the members of the Committee who are present at any meeting thereof at which a quorum is present, or acts unanimously approved by the members of
the Committee in writing, shall be the acts of the Committee. Subject to the terms of the Plan and applicable law, and in addition to other express powers and authorizations conferred on the Committee by the Plan, the Committee shall have full power
and authority to: (i) designate Participants; (ii) determine the type or types of Awards to be granted to a Participant; (iii) determine the number of Units to be covered by Awards; (iv) determine the terms and conditions of any
Award (including but not limited to performance requirements for such Award); (v) determine whether, to what extent, and under what circumstances Awards may be settled, exercised, canceled, or forfeited; (vi) interpret and administer the
Plan and any instrument or agreement relating to an Award made under the Plan; (vii) establish, amend, suspend, or waive such rules and regulations and appoint such agents as it shall deem appropriate for the proper administration of the Plan;
and (viii) make any other determination and take any other action that the Committee deems necessary or desirable for the administration of the Plan. Unless otherwise expressly provided in the Plan, all designations, determinations,
interpretations, and other decisions under or with respect to the Plan or any Award shall be within the sole discretion of the Committee, may be made at any time and shall be final, conclusive, and binding upon all Persons, including the Company,
the Partnership, any Affiliate, any Participant, and any beneficiary of any Award. 
 4. Units. 
 (a) Limits on Units Deliverable. Subject to adjustment as provided in Section 4(c), the maximum number of Units that may be delivered
or reserved for delivery or underlying any Award with respect to the Plan is [            ]. If any Award expires, is canceled, exercised, paid or otherwise terminates
without the delivery of Units, then the Units covered by such Award, to the extent of such expiration, cancellation, exercise, payment or termination, shall again be Units with respect to which Awards may be granted. Units that cease to be subject
to an Award because of the exercise of the Award, or the vesting of Restricted Units or similar Awards, shall no longer be subject to or available for any further grant under this Plan. Notwithstanding the foregoing, there shall not be any
limitation on the number of Awards that may be granted under the Plan and paid in cash. 
  

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 (b) Sources of Units Deliverable Under Awards. Any Units delivered pursuant to an Award shall
consist, in whole or in part, of Units acquired in the open market, from any Affiliate, the Company or the Partnership or any other Person, or any combination of the foregoing as determined by the Committee in its sole discretion. 
 (c) Adjustments. In the event that any distribution (whether in the form of cash, Units, other securities, or other property), recapitalization,
split, reverse split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Units or other securities of the Partnership, issuance of warrants or other rights to purchase Units or other securities of the
Partnership, or other similar transaction or event affects the Units, then the Committee shall, in such manner as it may deem equitable, adjust any or all of (i) the number and type of Units (or other securities or property) with respect to
which Awards may be granted, (ii) the number and type of Units (or other securities or property) subject to outstanding Awards, and (iii) the grant or exercise price with respect to any Award or, make provision for a cash payment to the
holder of an outstanding Award; provided, that the number of Units subject to any Award shall always be a whole number and, provided further, that the Committee shall not take any action otherwise authorized under this subparagraph (c) to the
extent that such action would cause (A) the application of Section 409A of the Code to the Award or (B) create adverse tax consequences under Section 409A of the Code should that Code section apply to the Award. 
 5. Eligibility. 
 Any Employee, Consultant or Director
shall be eligible to be designated a Participant and receive an Award under the Plan. 
 6. Awards. 
 (a) Options. The Committee shall have the authority to determine the Employees, Consultants and Directors to whom Options shall be granted, the
number of Units to be covered by each Option, whether DERs are granted with respect to such Option, the purchase price therefor and the conditions and limitations applicable to the exercise of the Option, including the following terms and conditions
and such additional terms and conditions, as the Committee shall determine, that are not inconsistent with the provisions of the Plan. 
 (i) Exercise Price. The purchase price per Unit purchasable under an Option shall be determined by the Committee at the time the Option is granted, provided such purchase price may not be less than 100% of its
Fair Market Value as of the date of grant. 
 (ii) Time and Method of Exercise. The Committee shall determine the time
or times at which an Option may be exercised in whole or in part, which may include, without limitation, accelerated vesting upon the achievement of specified performance goals, and the method or methods by which payment of the exercise price with
respect thereto may be made or deemed to have been made, which may include, without limitation, cash, check acceptable to the Company, a “cashless-broker” exercise through procedures approved by the Company, with the consent of the
Committee, the withholding of Units that would otherwise be delivered to the Participant upon the exercise of the Option, other securities or other property, or any combination thereof, having a fair market value (as determined by the Committee) on
the exercise date equal to the relevant exercise price. 
 (iii) Forfeiture. Except as otherwise provided in the terms
of the Award Agreement, upon termination of a Participant’s employment with or services to the Company and its Affiliates or membership on the Board, whichever is applicable, for any reason prior to the date an Option becomes vested, all
unvested Options shall be forfeited by the Participant. 
 (iv) DERs. To the extent provided by the Committee, in its
discretion, a grant of Options may include a tandem DER grant, which may provide that such DERs shall be credited to 

  

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a bookkeeping account (with or without interest in the discretion of the Committee) subject to the same vesting restrictions as the tandem Award, or be
subject to such other provisions or restrictions as determined by the Committee in its discretion. 
 (b) Restricted Units. The
Committee shall have the authority to determine the Employees, Consultants and Directors to whom Restricted Units shall be granted, the number of Restricted Units to be granted to each such Participant, the Restricted Period, the conditions under
which the Restricted Units may become vested or forfeited, and such other terms and conditions as the Committee may establish with respect to such Awards. 
 (i) UDRs. To the extent provided by the Committee, in its discretion, a grant of Restricted Units may provide that distributions made by the Partnership with respect to the Restricted Units shall be subject to
the same forfeiture and other restrictions as the Restricted Unit and, if restricted, such distributions shall be held, without interest, until the Restricted Unit vests or is forfeited with the UDR being paid or forfeited at the same time, as the
case may be. Absent such a restriction on the UDRs in the Award Agreement, UDRs shall be paid to the holder of the Restricted Unit without restriction. 
 (ii) Forfeitures. Except as otherwise provided in the terms of the Award Agreement, upon termination of a Participant’s employment with or services to the Company and its Affiliates or membership on the
Board, whichever is applicable, for any reason during the applicable Restricted Period, all outstanding Restricted Units awarded the Participant shall be automatically forfeited on such termination. The Committee may in its discretion, waive in
whole or in part such forfeiture with respect to a Participant’s Restricted Units. 
 (iii) Lapse of Restrictions.
Upon or as soon as reasonably practical following the vesting of each Restricted Unit, subject to the provisions of Section 8(b), the Participant shall be entitled to have the restrictions removed from his or her Unit certificate so that
the Participant then holds an unrestricted Unit. 
 (c) Phantom Units. The Committee shall have the authority to determine the
Employees, Consultants and Directors to whom Phantom Units shall be granted, the number of Phantom Units to be granted to each such Participant, the Restricted Period, the time or conditions under which the Phantom Units may become vested or
forfeited, which may include, without limitation, the accelerated vesting upon the achievement of specified performance goals, and such other terms and conditions as the Committee may establish with respect to such Awards, including whether DERs are
granted with respect to such Phantom Units. 
 (i) DERs. To the extent provided by the Committee, in its discretion, a
grant of Phantom Units may include a tandem DER grant, which may provide that such DERs shall be credited to a bookkeeping account (with or without interest in the discretion of the Committee) subject to the same vesting restrictions as the tandem
Award, or be subject to such other provisions or restrictions as determined by the Committee in its discretion. 
 (ii)
Forfeitures. Except as otherwise provided in the terms of the Award Agreement, upon termination of a Participant’s employment with or services to the Company and its Affiliates or membership on the Board, whichever is applicable, for any
reason during the applicable Restricted Period, all unvested outstanding Phantom Units awarded the Participant shall be automatically forfeited on such termination. The Committee may, in its discretion, waive in whole or in part such forfeiture with
respect to a Participant’s Phantom Units. 
 (iii) Lapse of Restrictions. Upon or as soon as reasonably practical
following the vesting of each Phantom Unit, subject to the provisions of Section 8(b), the Participant shall be entitled to receive from the Company one Unit or cash equal to the Fair Market Value of a Unit, as determined by the
Committee in its discretion. 
  

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 (d) Unit Appreciation Rights. The Committee shall have the authority to determine the Employees,
Consultants and Directors to whom Unit Appreciation Rights shall be granted, the number of Units to be covered by each grant and the conditions and limitations applicable to the exercise of the Unit Appreciation Right, including the following terms
and conditions and such additional terms and conditions, as the Committee shall determine, that are not inconsistent with the provisions of the Plan. 
 (i) Exercise Price. The exercise price per Unit Appreciation Right shall be not less than 100% of its Fair Market Value as of the date of grant. 
 (ii) Vesting/Time of Payment. The Committee shall determine the time or times at which a Unit Appreciation Right shall become
vested and exercisable and the time or times at which a Unit Appreciation Right shall be paid in whole or in part (and any payments shall be subject to the provisions of Section 8(b). 
 (iii) Forfeitures. Except as otherwise provided in the terms of the Award Agreement, upon termination of a Participant’s
employment with or services to the Company and its Affiliates or membership on the Board, whichever is applicable, for any reason prior to vesting, all unvested Unit Appreciation Rights awarded the Participant shall be automatically forfeited on
such termination. The Committee may, in its discretion, waive in whole or in part such forfeiture with respect to a Participant’s Unit Appreciation Rights, in which case, such Unit Appreciation Rights shall be deemed vested upon termination of
employment or service and paid as soon as administratively practical thereafter. 
 (iv) Unit Appreciation Right DERs.
To the extent provided by the Committee, in its discretion, a grant of Unit Appreciation Rights may include a tandem DER grant, which may provide that such DERs shall be credited to a bookkeeping account (with or without interest in the discretion
of the Committee) subject to the same vesting restrictions as the tandem Unit Appreciation Rights Award, or be subject to such other provisions or restrictions as determined by the Committee in its discretion. 
 (e) General. 
 (i)
Awards May Be Granted Separately or Together. Awards may, in the discretion of the Committee, be granted either alone or in addition to, in tandem with, or in substitution for any other Award granted under the Plan or any award granted under
any other plan of the Company or any Affiliate. No Award shall be issued in tandem with another Award if the tandem Awards would result in adverse tax consequences under Section 409A of the Code. Awards granted in addition to or in tandem with
other Awards or awards granted under any other plan of the Company or any Affiliate may be granted either at the same time as or at a different time from the grant of such other Awards or awards. 
 (ii) Limits on Transfer of Awards. 
 (A) Except as provided in Section 6(e)(ii)(C) below, each Award shall be exercisable or payable only to the Participant during the Participant’s lifetime, or to the person to whom the
Participant’s rights shall pass by will or the laws of descent and distribution. 
 (B) Except as provided in
Section 6(e)(ii)(C) below, no Award and no right under any such Award may be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by a Participant and any such purported assignment, alienation, pledge,
attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company or any Affiliate. 
  

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 (C) To the extent specifically provided by the Committee with respect to an Award, an
Award may be transferred by a Participant without consideration to immediate family members or related family trusts, limited partnerships or similar entities or on such terms and conditions as the Committee may from time to time establish.

 (iii) Term of Awards. The term of each Award shall be for such period as may be determined by the Committee, but
shall not exceed 10 years. 
 (iv) Unit Certificates. All certificates for Units or other securities of the Partnership
delivered under the Plan pursuant to any Award or the exercise thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations, and other requirements of the
SEC, any stock exchange upon which such Units or other securities are then listed, and any applicable federal or state laws, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such
restrictions. 
 (v) Consideration for Grants. Awards may be granted for such consideration, including services, as the
Committee determines. 
 (vi) Delivery of Units or other Securities and Payment by Participant of Consideration.
Notwithstanding anything in the Plan or any Award Agreement to the contrary, delivery of Units pursuant to the exercise or vesting of an Award may be deferred for any period during which, in the good faith determination of the Committee, the Company
is not reasonably able to obtain Units to deliver pursuant to such Award without violating the rules or regulations of any applicable law or securities exchange. No Units or other securities shall be delivered pursuant to any Award until payment in
full of any amount required to be paid pursuant to the Plan or the applicable Award grant agreement (including, without limitation, any exercise price or tax withholding) is received by the Company. 
 (vii) Change in Control. Unless specifically provided otherwise in the Award Agreement, upon a Change in Control or such time prior
thereto as established by the Committee, all outstanding Awards shall automatically vest or become exercisable in full, as the case may be. In this regard, all Restricted Periods shall terminate and all performance criteria, if any, shall be deemed
to have been achieved at the maximum level. 
 Except as otherwise provided in the Award Agreement, any positive
“spread” (determined based on the Fair Market Value of Units on the payment date) on an Option or UAR that is or becomes fully vested and exercisable as of the date of a Change in Control (or any earlier date related to the Change in
Control and established by the Committee) shall be paid in a single payment in Units, or cash and/or other property, or any combination of Units and cash and/or other property, as determined by the Committee. Except as otherwise provided in the
Award Agreement, any Award of Phantom Units or Restricted Units that pursuant to this Section 6(e)(vii) are deemed to have the applicable Restriction Period lapse (and to have all applicable performance criteria achieved at the maximum
level, if any) as of the date of a Change in Control (or any earlier date related to the Change in Control and established by the Committee), shall be settled by (i) issuance of unrestricted Units based on the number of Units that were subject
to the Award on the date of grant of the Award or (ii) payment of cash and/or other property equal to the Fair Market Value of a Unit on the payout date for each Phantom Unit or Restricted Unit or (iii) any combination of payouts under
clauses (i) and (ii) of this sentence, as determined by the Committee. Any accelerated payout pursuant to this Section 6(e)(vii) shall be made in a single payment within 30 days after the date of the Change in Control.

 To the extent an Option or UAR is not vested or exercisable, or a Phantom Unit or Restricted Unit does not vest, pursuant
to the preceding provisions of this Section 6(e)(vii) or the Award Agreement upon the Change in Control, the Committee may, in its discretion, cancel such Award or provide for an assumption of such Award or a replacement grant on
substantially the 

  

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same terms; provided, however, upon any cancellation of an Option or UAR that has a positive “spread” or a Phantom Unit or Restricted Unit, the
holder shall be paid an amount in Units or cash and/or other property or any combination of cash and/or other property, as determined by the Committee, equal to such “spread” if an Option or UAR or equal to the Fair Market Value of a Unit,
if a Phantom Unit or Restricted Unit. 
 (viii) Section 409A of the Code. Notwithstanding any other provision of
the Plan to the contrary, any Award granted under the Plan shall contain terms that (i) are designed to avoid application of Section 409A of the Code to the Award or (ii) are designed to avoid adverse tax consequences under
Section 409A should that Code section apply to the Award. 
 7. Amendment and Termination. 
 Except to the extent prohibited by applicable law: 
 (a) Amendments to the Plan. Except as required by the rules of the principal securities exchange on which the Units are traded and subject to Section 7(b) below, the Committee may amend, alter, suspend, discontinue, or
terminate the Plan in any manner, including increasing the number of Units available for Awards under the Plan, without the consent of any Participant other holder or beneficiary of an Award, or other Person. 
 (b) Amendments to Awards Subject to Section 7(a). The Committee may waive any conditions or rights under, amend any terms of, or alter
any Award theretofore granted, provided no change in any Award shall materially reduce the benefit to a Participant without the consent of such Participant. 
 8. General Provisions. 
 (a) No Rights to Award. No Person shall have any claim to be granted any Award under the
Plan, and there is no obligation for uniformity of treatment of Participants. The terms and conditions of Awards need not be the same with respect to each recipient. 
 (b) Tax Withholding. The Company or any Affiliate is authorized to withhold from any Award, from any payment due or transfer made under any Award or from any compensation or other amount owing to a Participant
the amount (in cash, Units, other securities, or other property) of any applicable taxes payable at the minimum statutory rate in respect of the grant of an Award, its exercise, the lapse of restrictions thereon, or any payment or transfer under an
Award or under the Plan and to take such other action as may be necessary in the opinion of the Company to satisfy its withholding obligations for the payment of such taxes. 
 (c) No Right to Employment or Services. The grant of an Award shall not be construed as giving a Participant the right to be retained in the
employ of the Company or any Affiliate, to continue as a consultant, or to remain on the Board, as applicable. Further, the Company or an Affiliate may at any time dismiss a Participant from employment or terminate a consulting relationship, free
from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan, any Award Agreement or other agreement. 
 (d) Governing Law. The validity, construction, and effect of the Plan and any rules and regulations relating to the Plan shall be determined in accordance with the laws of the State of Delaware without regard to its conflict of laws
principles. 
 (e) Section 409A of the Code. Notwithstanding anything in this Plan to the contrary, any Award granted under the
Plan shall contain terms that (i) are designed to avoid application of Section 409A of the Code to the Award or (ii) are designed to avoid adverse tax consequences under Section 409A of the Code should that section apply to the
Award. If any Plan provision or Award under the Plan 

  

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would result in the imposition of an applicable tax under Section 409A of the Code and related regulations and pronouncements, that Plan provision or
Award will be reformed to the extent reformation would avoid imposition of the applicable tax and no action taken to comply with Section 409A of the Code shall be deemed to adversely affect the Participant’s rights to an Award or to
require the Participant’s consent. 
 (f) Severability. If any provision of the Plan or any award is or becomes or is deemed to
be invalid, illegal, or unenforceable in any jurisdiction or as to any Person or Award, or would disqualify the Plan or any award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to the
applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, person or award and
the remainder of the Plan and any such Award shall remain in full force and effect. 
 (g) Other Laws. The Committee may refuse to
issue or transfer any Units or other consideration under an Award if, in its sole discretion, it determines that the issuance or transfer of such Units or such other consideration might violate any applicable law or regulation, the rules of the
principal securities exchange on which the Units are then traded, or entitle the Partnership or an Affiliate to recover the same under Section 16(b) of the Exchange Act, and any payment tendered to the Company by a Participant, other holder or
beneficiary in connection with the exercise of such Award shall be promptly refunded to the relevant Participant, holder or beneficiary. 
 (h) No Trust or Fund Created. Neither the Plan nor any award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Partnership, Company or any participating Affiliate and
a Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Partnership, Company or any participating Affiliate pursuant to an Award, such right shall be no greater than the right of any general
unsecured creditor of the Partnership, Company or any participating Affiliate. 
 (i) No Fractional Units. No fractional Units shall
be issued or delivered pursuant to the Plan or any Award, and the Committee shall determine whether cash, other securities, or other property shall be paid or transferred in lieu of any fractional Units or whether such fractional Units or any rights
thereto shall be canceled, terminated, or otherwise eliminated. 
 (j) Headings. Headings are given to the Sections and subsections of
the Plan solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision thereof. 
 (k) Facility Payment. Any amounts payable hereunder to any person under legal disability or who, in the judgment of the Committee, is unable to
properly manage his financial affairs, may be paid to the legal representative of such person, or may be applied for the benefit of such person in any manner which the Committee may select, and the Partnership, Company and its Affiliates shall be
relieved of any further liability for payment of such amounts. 
 (l) Gender and Number. Words in the masculine gender shall include
the feminine gender, the plural shall include the singular and the singular shall include the plural. 
 (m) No Guarantee of Tax
Consequences. None of the Board, the Partnership, the Company, any Affiliate nor the Committee makes any commitment or guarantee that any federal, state or local tax treatment will apply or be available to any person participating or eligible to
participate hereunder. 
 9. Term of the Plan. 
 The Plan shall be effective on the date of its approval by the Board and shall continue until the date terminated by the Committee. However, unless otherwise expressly provided in the Plan or in an applicable Award Agreement, any Award
granted prior to such termination, and the authority of the Committee to amend, alter, adjust, suspend, discontinue, or terminate any such Award or to waive any conditions or rights under such Award, shall extend beyond such termination date.

  

 -9-Form of Restricted Units Agreement (three-year)

 Exhibit 10.39 
 RESTRICTED UNITS AGREEMENT 
 Pursuant to the terms of the Cheniere Energy Partners, L.P.
Long-Term Incentive Plan 
 1. Grant of Restricted Units. Cheniere Energy Partners GP, LLC, a Delaware limited liability
company (“Company”), hereby awards to
                                        
(“Participant”) all rights, title and interest in the record and beneficial ownership of [xx,xxx] units (the “Restricted Units”) of common units of Cheniere Energy Partners, L.P. (the “Partnership”)
(“Units”), subject to and in accordance with the terms and conditions of this document. This Restricted Units Agreement (“Restricted Units Agreement”) is dated as of [xx/xx/xx]. The Restricted Units are
awarded pursuant to and to implement in part the Cheniere Energy Partners, L.P. Long-Term Incentive Plan (as amended and in effect from time to time, the “Plan”) and are subject to the restrictions, forfeiture provisions and other terms
and conditions of the Plan, which is hereby incorporated herein and is made a part hereof, and this Restricted Units Agreement. By execution of this Restricted Units Agreement, Participant agrees to be bound by all of the terms, provisions,
conditions and limitations of the Plan as implemented by the Restricted Units Agreement, together with all rules and determinations from time to time issued by the Committee pursuant to the Plan. All capitalized terms have the meanings set forth in
the Plan unless otherwise specifically provided. All references to specified paragraphs pertain to paragraphs of this Restricted Units Agreement unless otherwise provided. 
 2. Custody of Restricted Units. The certificate(s) evidencing the Restricted Units shall be issued and registered on Company’s books and
records in the name of Participant as soon as practicable following the date of this Restricted Units Agreement. Company shall retain physical possession and custody of each certificate representing the Restricted Units until such time as the
Restricted Units become vested, and the restrictions imposed thereon lapse, in accordance with Paragraph 4 below. Participant will deliver to Company a power in substantially the form of Exhibit A attached hereto, endorsed in blank, with
respect to each award of the Restricted Units. Each certificate shall bear a restrictive legend in substantially the following form: 
 The
units represented by this certificate have been issued pursuant to the terms of the Cheniere Energy Partners, L.P. Long-Term 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 the Restricted Units Agreement dated                     , 200  . 

Upon the written request of Participant following the vesting of any portion of the Restricted Units and the removal of any restrictions thereon in
accordance with Paragraph 4 below, Company will promptly issue a certificate for Units, without such restrictive legend, with respect to the vested portion of the previously Restricted Units registered on Company’s books and records in the name
of Participant. Following the expiration of the Restricted Period, Company will promptly issue a certificate for Units, without such restrictive legend, for any previously Restricted Units that have vested and with respect to which the restrictions
imposed thereon have lapsed to the extent a certificate has not previously been reissued without a restrictive legend as provided in the preceding sentence. 
 3. Risk of Forfeiture. Participant shall immediately forfeit all rights to any Restricted Units which have not vested and with respect to which the restrictions thereon have not lapsed in the event of the
termination, resignation, or removal of Participant from employment or other service with Company and its Affiliates under circumstances that do not cause Participant to become fully vested, and the restrictions on such Restricted Units to lapse,
under the terms of the Plan. 

 4. Restricted Period; Vesting. Subject to the provisions of this Restricted Units Agreement
including, without limitation, the following provisions of this Paragraph 4, Participant shall vest in his or her rights to the Restricted Units and the restrictions imposed thereon shall lapse with respect to 33% of the Restricted Units on the
first anniversary of the date hereof, and shall vest at 33% on the second anniversary of the date hereof with the remainder of the Restricted Units vesting on the third anniversary of the date hereof.  
 The period from the date hereof until the Restricted Units have become one hundred percent (100%) vested and the restrictions thereon have lapsed
shall be referred to as the “Restricted Period.” 
 If Participant’s employment or other service with Company and its
Affiliates shall be terminated for any reason, any Restricted Units outstanding at the time of such termination and all rights thereunder shall be forfeited and no further vesting shall occur, and Company shall have the right to repurchase or
recover forfeited Restricted Units for the amount of any cash paid therefore; provided, however, that any Restricted Units not then vested shall vest upon (i) termination, resignation or removal of a Participant for any reason within one
(1) year from the effective date of a Change in Control, or (ii) death or disability of Participant. 
 5. Transferability.
During the Restricted Period, Participant shall not sell, assign, transfer, pledge, exchange, hypothecate, or otherwise dispose of any Restricted Units. Upon receipt by Participant of certificate(s) representing vested Units without a restrictive
legend pursuant to Paragraph 2 above, Participant may hold or dispose of the Units represented by such certificate(s), subject to compliance with (i) the terms and conditions of the Plan and this Restricted Units Agreement, (ii) applicable
federal or state securities laws or other applicable law, (iii) applicable rules of any exchange on which Company’s securities are traded or listed, and (iv) Company’s rules or policies as established by Company in its sole
discretion. 
 6. Ownership Rights and Unit Distribution Rights. Prior to any forfeiture of Restricted Units, Participant shall,
subject to the terms and restrictions of this Restricted Units Agreement and the Plan, have all rights with respect to the Restricted Units awarded hereunder including the right to vote the Restricted Units, whether or not vested in accordance with
Paragraph 4 above, and the right to receive all distributions (whether in the form of cash, units, other securities or other property), paid or delivered thereon from and after the date hereof in accordance with the following provisions. During the
Restricted Period, distributions (whether in the form of cash, units, other securities or other property) paid or delivered on any Restricted Units shall be credited to a bookkeeping account for the benefit of Participant. In the event of the
forfeiture of any Restricted Units, Participant shall have no further rights with respect to such Restricted Units and shall forfeit any such distributions credited to the account for the benefit of Participant which are related to the forfeited
Restricted Units. To the extent Restricted Units shall become vested and the restrictions imposed thereon shall have lapsed pursuant to Paragraph 4 above, all such distributions, if any, credited to the account for the benefit of Participant shall
be distributed to Participant without interest. Such distribution shall occur as soon as practicable, but in no event later than the fifteenth (15th) day of the third (3rd) month following the date on which vesting occurs and the
restrictions lapse. Participant’s right to any amounts credited to such account shall not rise above those of a general creditor of Company. 
 7. Adjustment of Units. In the event of any distribution (whether in the form of cash, Common Units, other securities, or other property), recapitalization, split, reverse split, reorganization, merger, consolidation, split-up,
spin-off, combination, repurchase, or exchange of Units or other securities of Partnership, issuance of warrants or other rights to purchase Units or other securities of Partnership, or other similar transaction or event affects the Units such that
an adjustment is determined by the Committee to be appropriate in order to prevent dilution or 

  

 Page 2 

 
enlargement of the benefits or potential benefits intended to be made available under the Plan, then the Committee shall, in such manner as it may deem
equitable, make adjustments to the terms and provisions of this Restricted Units Agreement pursuant to Section 4(c) of the Plan. 
 8. Certain Restrictions. By executing this Restricted Units Agreement, Participant agrees that if at the time of delivery of certificates for the Restricted Units issued hereunder any sale of the Restricted Units is not covered by an
effective registration statement filed under the Securities Act of 1933 (“Act”), the certificates so delivered may contain such legends as Company shall require and Participant will acquire the Restricted Units for Participant’s own
account and without a view to resale or distribution in violation of the Act or any other securities law, and upon any such acquisition Participant will enter into such written representations, warranties and agreements as Company may reasonably
request in order to comply with the Act or any other securities law or with this Restricted Units Agreement. Participant agrees that Company shall not be obligated to take any affirmative action in order to cause the issuance or transfer of
Restricted Units hereunder to comply with any law, rule or regulation that applies to the Restricted Units subject to this Restricted Units Agreement. 
 9. Amendment and Termination. The Restricted Units Agreement may not be terminated by the Committee at any time without the written consent of Participant. This Restricted Units Agreement may be amended in
writing by Company and Participant, provided Company may amend this Restricted Units Agreement unilaterally (i) if the amendment does not adversely affect Participant’s rights hereunder in any material respect, (ii) if Company
determines that an amendment is necessary to comply with Rule 16b-3 under the Exchange Act or other applicable law, or (iii) if Company determines that an amendment is necessary to meet the requirements of the Code or to prevent adverse tax
consequences to Participant. No amendment or termination of the Plan will adversely affect the rights and privileges of Participant under this Restricted Units Agreement or to the Restricted Units granted hereunder without the written consent of
Participant. 
 10. No Guarantee of Service. Neither this Restricted Units Agreement nor the award of Restricted Units evidenced
hereby shall confer upon Participant any right with respect to continuance of employment or other service with Company or any Affiliate, nor shall it interfere in any way with any right Company or any Affiliate would otherwise have to terminate such
Participant’s employment or other service at any time. 
 11. Tax Matters. 
 (a) Company shall have the right to (i) make deductions from the number of Restricted Units otherwise deliverable upon vesting of the
Restricted Units and satisfaction of the conditions precedent under this Restricted Units Agreement in an amount sufficient to satisfy withholding of any federal, state or local taxes required by law, or (ii) take such other action as may be
necessary or appropriate to satisfy any such tax withholding obligations. 
  

 Page 3 

 (b) Under Section 83 of the Internal Revenue Code of 1986, as amended (the
“Code”), the difference between the purchase price paid, if any, for the Restricted Units and their fair market value on the date of vesting when any forfeiture restrictions applicable to Restricted Units lapse will be reportable as
ordinary income at that time. For this purpose, “forfeiture restrictions” include Company’s rights to reacquire the unvested Restricted Units described above. Participant may elect to be taxed at the effective time of this award when
the Restricted Units are acquired rather than when the Restricted Units vest and cease to be subject to such forfeiture restrictions by filing an election under Section 83(b) of the Code with the Internal Revenue Service within thirty
(30) days after the date hereof. If such an election is made, Participant will have to make a tax payment to the extent the purchase price, if any, is less than the fair market value of the Restricted Units on the date hereof. No tax payment
will have to be made to the extent the purchase price, if any, is at least equal to the fair market value of the Restricted Units on the date hereof. Failure to make this filing within the thirty (30) day period will result in the recognition
of ordinary income by you as the Restricted Units vest and the forfeiture restrictions lapse. 
 PARTICIPANT ACKNOWLEDGES
THAT IT IS PARTICIPANT’S SOLE RESPONSIBILITY, AND NOT COMPANY’S, TO FILE A TIMELY ELECTION UNDER SECTION 83(b) IF PARTICIPANT ELECTS TO DO SO, EVEN IF PARTICIPANT REQUESTS COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON
PARTICIPANT’S BEHALF. PARTICIPANT MUST AND IS RELYING SOLELY ON PARTICIPANT’S OWN ADVISORS WITH RESPECT TO THE DECISION AS TO WHETHER OR NOT TO FILE ANY SECTION 83(b) ELECTION. 
 (c) Neither Company nor the Board or Committee makes any commitment or guarantee that any federal or state tax treatment will apply or be
available to any person eligible for the benefits under this Restricted Units Agreement. 
 12. Community Interest of Spouse. The
community interest, if any, of any spouse of Participant in any Restricted Units shall be subject to all of the terms, conditions and restrictions of this Restricted Units Agreement and the Plan. 
 13. Consent to Electronic Delivery; Electronic Signature. In lieu of receiving documents in paper format, Participant agrees, to the fullest
extent permitted by law, to accept electronic delivery of any documents that Company may be required to deliver (including, but not limited to, prospectuses, prospectus supplements, grant or award notifications and agreements, account statements,
annual and quarterly reports, and all other forms of communications) in connection with this and any other award made or offered by Company. Electronic delivery may be via a Company electronic mail system or by reference to a location on a Company
intranet to which Participant has access. Participant hereby consents to any and all procedures Company has established or may establish for an electronic signature system for delivery and acceptance of any such documents that Company may be
required to deliver, and agrees that his or her electronic signature is the same as, and shall have the same force and effect as, his or her manual signature. 
 14. Severability. In the event that any provision of this Restricted Units Agreement shall be held illegal, invalid, or unenforceable for any reason, such provision shall be fully severable, but shall not
affect the remaining provisions of this Restricted Units Agreement, and this Restricted Units Agreement shall be construed and enforced as of the illegal, invalid, or unenforceable provision had never been included herein. 
  

 Page 4 

 15. Governing Law. This Restricted Units Agreement shall be construed in accordance with the laws
of the State of Delaware to the extent federal law does not supersede and preempt Delaware law. 
  

					
	COMPANY:
	
	CHENIERE ENERGY PARTNERS GP, LLC
		
	By:	 	  

	Printed Name:	 	  

	Title:	 	  

	
	PARTICIPANT:
		
	By:	 	  

		 	(Signature)

  

 Page 5 

 Exhibit A 
 Assignment Separate from Certificate 
 FOR VALUE RECEIVED,
                                        
                 (“Participant”) hereby sells, assigns and transfers unto Cheniere Energy Partners GP, LLC, a Delaware limited liability company (the
“Company”),
                                        
(                    ) Common Units of Company represented by Certificate
No.                      herewith and does hereby irrevocably constitute and
appoint                                       
      , or his designee or successor, attorney to transfer the said Common Units on the books of Company with full power of substitution in the premises. 
 Dated:                     , 20    . 
  

	
	  

	Participant’s Signature

 Spouse Consent (if applicable) 
                                       
   (“Participant’s Spouse”) indicates by the execution of this Assignment his or her consent to be bound by the terms of the Restricted Units Agreement as to his or her interests, whether as community property or
otherwise, if any, in the Common Units of Company. 
  

	
	  

	 Signature of Participant’s Spouse

 INSTRUCTIONS: PLEASE DO NOT FILL IN ANY BLANKS OTHER THAN THE SIGNATURE LINE. THE PURPOSE OF THIS
ASSIGNMENT IS TO ENABLE COMPANY TO EXERCISE ITS “REPURCHASE OPTION” SET FORTH IN THE RESTRICTED STOCK AGREEMENT WITHOUT REQUIRING ADDITIONAL SIGNATURES ON THE PART OF THE PURCHASER.

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