Document:

ex_300719.htm

Exhibit 10.1

 

	Sixth Amendment to Loan Documents	
			

			

 

 

THIS SIXTH AMENDMENT TO LOAN DOCUMENTS (this “Amendment”), dated as of September 30, 2021 (“Effective Date”), by and between LSI INDUSTRIES INC., an Ohio corporation (the “Borrower”), and PNC BANK, NATIONAL ASSOCIATION, a national banking association (the “Bank”).

 

BACKGROUND

 

A.         The Borrower has executed and delivered to the Bank one or more promissory notes, loan agreements, security agreements, mortgages, pledge agreements, collateral assignments, and other agreements, instruments, certificates and documents, some or all of which are more fully described on the attached Exhibit A, which is made a part of this Amendment (collectively as amended from time to time, the “Loan Documents”) which evidence or secure some or all of the Borrower’s obligations to the Bank for one or more loans or other extensions of credit (the “Obligations”).

 

B.         The Borrower and the Bank desire to amend the Loan Documents as provided for in this Amendment.

 

NOW, THEREFORE, in consideration of the mutual covenants herein contained and intending to be legally bound hereby, the parties hereto agree as follows:

 

1.         Certain of the Loan Documents are amended as set forth in Exhibit A. Any and all references to any Loan Document in any other Loan Document shall be deemed to refer to such Loan Document as amended by this Amendment. This Amendment is deemed incorporated into each of the Loan Documents. Any initially capitalized terms used in this Amendment without definition shall have the meanings assigned to those terms in the Loan Documents. To the extent that any term or provision of this Amendment is or may be inconsistent with any term or provision in any Loan Document, the terms and provisions of this Amendment shall control.

 

2.         The Borrower hereby certifies that: (a) all of its representations and warranties in the Loan Documents, as amended by this Amendment, are, except as may otherwise be stated in this Amendment: (i) true and correct as of the date of this Amendment, (ii) ratified and confirmed without condition as if made anew, and (iii) incorporated into this Amendment by reference, (b) no Event of Default or event which, with the passage of time or the giving of notice or both, would constitute an Event of Default, exists under any Loan Document which will not be cured by the execution and effectiveness of this Amendment, (c) no consent, approval, order or authorization of, or registration or filing with, any third party is required in connection with the execution, delivery and carrying out of this Amendment or, if required, has been obtained, and (d) this Amendment has been duly authorized, executed and delivered so that it constitutes the legal, valid and binding obligation of the Borrower, enforceable in accordance with its terms. The Borrower confirms that the Obligations remain outstanding without defense, set off, counterclaim, discount or charge of any kind as of the date of this Amendment.

 

3.         The Borrower hereby confirms that any collateral for the Obligations, including liens, security interests, mortgages, and pledges granted by the Borrower or third parties (if applicable), shall continue unimpaired and in full force and effect, and shall cover and secure all of the Borrower’s existing and future Obligations to the Bank, as modified by this Amendment.

 

4.         As a condition precedent to the effectiveness of this Amendment, the Borrower shall comply with the terms and conditions (if any) specified in Exhibit A.

 

 

 

 

5.         To induce the Bank to enter into this Amendment, the Borrower waives and releases and forever discharges the Bank and its officers, directors, attorneys, agents, and employees from any liability, damage, claim, loss or expense of any kind that it may have against the Bank or any of them arising out of or relating to the Obligations as of the date hereof. The Borrower further agrees to indemnify and hold the Bank and its officers, directors, attorneys, agents and employees harmless from any loss, damage, judgment, liability or expense (including reasonable attorneys’ fees) suffered by or rendered against the Bank or any of the other indemnified parties on account of any claims arising out of or relating to the Obligations as of the date hereof. The Borrower further states that it has carefully read the foregoing release and indemnity, knows the contents thereof, and grants the same as its own free act and deed.

 

6.         This Amendment may be signed in any number of counterpart copies and by the parties to this Amendment on separate counterparts, but all such copies shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Amendment by facsimile transmission shall be effective as delivery of a manually executed counterpart. Upon written request by the other party (which may be made by electronic mail), any party so executing this Amendment by facsimile transmission shall promptly deliver a manually executed counterpart, provided that any failure to do so shall not affect the validity of the counterpart executed by facsimile transmission.

 

7.         Notwithstanding any other provision herein or in the other Loan Documents, the Borrower agrees that this Amendment, the Note, the other Loan Documents, any other amendments thereto and any other information, notice, signature card, agreement or authorization related thereto (each, a “Communication”) may, at the Bank’s option, be in the form of an electronic record. Any Communication may, at the Bank’s option, be signed or executed using electronic signatures. For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance by the Bank of a manually signed paper Communication which has been converted into electronic form (such as scanned into PDF format) for transmission, delivery and/or retention. The Borrower and the Bank acknowledge and agree that the methods for delivering Communications, including notices, under the Loan Documents include electronic transmittal to any electronic address provided by either party to the other party from time to time.

 

8.         This Amendment will be binding upon and inure to the benefit of the Borrower and the Bank and their respective heirs, executors, administrators, successors and assigns.

 

9.         This Amendment has been delivered to and accepted by the Bank and will be deemed to be made in Cincinnati, Ohio. This Amendment will be interpreted and the rights and liabilities of the parties hereto determined in accordance with the laws of the State of Ohio, excluding its conflict of laws rules, including without limitation the Electronic Transactions Act (or equivalent) in such State (or, to the extent controlling, the laws of the United States of America, including without limitation the Electronic Signatures in Global and National Commerce Act).

 

10.         Except as amended hereby, the terms and provisions of the Loan Documents remain unchanged, are and shall remain in full force and effect unless and until modified or amended in writing in accordance with their terms, and are hereby ratified and confirmed. Except as expressly provided herein, this Amendment shall not constitute an amendment, waiver, consent or release with respect to any provision of any Loan Document, a waiver of any default or Event of Default under any Loan Document, or a waiver or release of any of the Bank’s rights and remedies (all of which are hereby reserved). The Borrower expressly ratifies and confirms the waiver of jury trial provisions contained in the Loan Documents.

 

 

 

[signature page follows]

 

2

 

 

WITNESS the due execution of this Amendment as a document under seal as of the date first written above.

 

LSI INDUSTRIES INC.

 

 

By: /s/James Galeese                                    

Print Name:         James Galeese                   

Title:         EVP, CFO                                    

 

 

PNC BANK, NATIONAL ASSOCIATION

 

 

By: /s/ Edward McGarry                                

Print Name:         Edward McGarry               

Title:         Senior Vice President                   

 

 

3

 

 

EXHIBIT A TO

SIXTH AMENDMENT TO LOAN DOCUMENTS

DATED AS OF SEPTEMBER 30, 2021

(LSI Industries Inc.)

 

 

	
			A.

				
			The “Loan Documents” that are the subject of this Amendment include the following (as any of the following have previously been amended, supplemented or otherwise modified):

			

 

	 	
			1.

				
			Amended and Restated Loan Agreement dated as of June 19, 2014 (the “Loan Agreement”) between the Borrower and the Bank;

			

	 	
			2.

				
			$100,000,000 Fifth Amended and Restated Revolving Line of Credit Note dated as of March 30, 2021 (the “Revolving Note”) made by the Borrower in favor of the Bank;

			

	 	
			3.

				
			Second Amended and Restated Line of Credit and Investment Sweep Rider dated as of March 30, 2021 (the “Sweep Rider”) between the Borrower and the Bank;

			

	 	
			4.

				
			Third Amended and Restated Guaranty Agreement dated as of February 21, 2017 (the “Guaranty”) made by the guarantors party thereto in favor of the Bank with respect to the obligations of the Borrower to the Bank; and

			

	 	
			5.

				
			All other documents, instruments, agreements, and certificates executed and delivered in connection with the Loan Documents listed in this Section A.

			

 

	
			B.

				
			The Loan Documents are amended as follows:

			

 

	 	
			1.

				
			Concurrently with the execution and delivery of this Amendment, the Borrower shall execute and deliver to the Bank a restated note (the “Restated Note”) evidencing the Revolving Loan (as defined in the Loan Agreement) in the principal amount of $75,000,000, in form and substance satisfactory to the Bank. Upon receipt by the Bank of the Restated Note, the existing Revolving Note shall be canceled; the Revolving Loan and all accrued and unpaid interest on the existing Revolving Note shall thereafter be evidenced by the Restated Note; and all references to the “Revolving Note” evidencing the Revolving Loan in any documents relating thereto shall thereafter be deemed to refer to the Restated Note. Without duplication, the Restated Note shall not constitute a novation and shall in no way extinguish the Borrower’s unconditional obligation to repay all indebtedness, including accrued and unpaid interest, evidenced by the existing Revolving Note.

			

 

	 	
			2.

				
			The first paragraph of Section 1.1 of the Loan Agreement is hereby deleted and replaced with the following:

			

 

1.1.         Loans. The Bank has made or may make one or more loans (collectively, the “Loans”) to the Borrower subject to the terms and conditions and in reliance upon the representations and warranties of the Borrower set forth in this Agreement. The Loans shall be used by the Borrower for general corporate purposes including acquisitions permitted hereunder. As of September 30, 2021, the Loans include a revolving credit loan (the “Revolving Loan”) in the principal amount of up to $75,000,000 and a term loan (the “Term Loan”) in the principal amount of $25,000,000. The Loans are or will be evidenced by a promissory note or notes of the Borrower and all renewals, extensions, amendments and restatements thereof (if one or more, collectively, the “Note”) acceptable to the Bank, which may set forth the interest rate, repayment and other provisions, the terms of which are incorporated into this Agreement by reference.

 

4

 

 

	 	
			3.

				
			The table set forth in subsection (a) of Section 1.4 (Applicable Margin) of the Loan Agreement is hereby deleted and replaced with the following:

			

 

	
			Pricing 

			Level

				
			Leverage Ratio

				
			LIBOR 

			Applicable 

			Margin

				
			Base Rate 

			Applicable 

			Margin

				
			Facility Fee 

			Applicable 

			Margin

			
	
			I

				
			≤ 1.00x

				
			1.00%

				
			0.00%

				
			0.150%

			
	
			II

				
			> 1.00x & ≤ 1.50x

				
			1.25%

				
			0.25%

				
			0.175%

			
	
			III

				
			> 1.50x & ≤ 2.00x

				
			1.50%

				
			0.50%

				
			0.175%

			
	
			IV

				
			> 2.00x & ≤ 2.50x

				
			1.75%

				
			0.75%

				
			0.200%

			
	
			V

				
			> 2.50x & ≤ 3.00x

				
			2.00%

				
			1.00%

				
			0.225%

			
	
			VI

				
			> 3.00x

				
			2.25%

				
			1.25%

				
			0.250%

			

 

	 	
			4.

				
			Section 4.11(a) of the Loan Agreement is hereby deleted and replaced with the following:

			

 

(a)         Fixed Charge Coverage Ratio. The Borrower shall maintain as of the end of each fiscal quarter, on a rolling four quarters basis, a Fixed Charge Coverage Ratio of at least 1.15 to 1.00.

 

	 	
			5.

				
			Section 4.11(b) of the Loan Agreement is hereby deleted and replaced with the following:

			

 

(b)         Leverage Ratio. The Borrower shall maintain a Leverage Ratio of not more than the following for the following periods:

 

	
			Period

				
			Ratio

			
	
			Four (4) fiscal quarters ending September 30, 2021

				
			3.50 to 1.00

			
	
			Four (4) fiscal quarters ending December 31, 2021

				
			3.50 to 1.00

			
	
			Four (4) fiscal quarters ending March 31, 2022

				
			3.50 to 1.00

			
	
			Four (4) fiscal quarters ending June 30, 2022

				
			3.00 to 1.00

			
	
			Four (4) fiscal quarters ending each quarter thereafter

				
			3.00 to 1.00

			

 

	 	
			6.

				
			The definition of “Consolidated EBITDA” set forth in Section 4.11 of the Loan Agreement is hereby deleted and replaced with the following:

			

 

“Consolidated EBITDA” means, for the relevant period, the sum of the Borrower’s (i) Consolidated net income, (ii) Consolidated income tax expense, (iii) Consolidated interest expense, (iv) Consolidated depreciation and amortization expenses and (v) other Consolidated non-cash expenses for the Borrower, all determined in accordance with GAAP; provided that there shall be excluded from Consolidated net income any extraordinary items of gain or loss (including, without limitation, those items created by mandated changes in GAAP). Without duplication of amounts otherwise included in the Borrower’s Consolidated net income, Consolidated EBITDA for any relevant period shall be calculated on a basis approved by the Bank in its reasonable credit judgment after giving pro forma effect to any Permitted Acquisition made during such relevant period as if such Permitted Acquisition had occurred on the first day of such relevant period.

 

5

 

 

	 	
			7.

				
			The following definition is hereby added to Section 4.11 of the Loan Agreement in appropriate alphabetical order:

			

 

“Fixed Charge Coverage Ratio” means (i) Consolidated EBITDA, divided by (ii) the sum of Consolidated capital expenditures plus Consolidated cash taxes paid plus Consolidated cash interest expense plus dividends plus Current Maturities.

 

	 	
			8.

				
			Schedule 3.15 to the Loan Agreement is hereby deleted and replaced with the following:

			

 

Schedule 3.15 - Equity Interests; Subsidiaries & Partnerships.

 

LSI MidWest Lighting Inc.

LSI Adapt Inc.

Grady McCauley Inc.

LSI Integrated Graphics LLC – 100% owned by LSI Lightron Inc.

LSI Kentucky, LLC

LSI Lightron Inc.

LSI Retail Graphics LLC – 100% owned by LSI Lightron Inc.

LSI ADL Technology LLC

LSI Controls Inc.

Atlas Lighting Products, Inc.

LSI Fresh Subsidiary Inc.

JSI Holding Corp. –100% owned by LSI Fresh Subsidiary Inc.

JSI SF Incorporated –100% owned by JSI Holding Corp.

Milo Holding Corp. –100% owned by JSI Holding Corp.

JSI Store Fixtures Canada Inc. –100% owned by JSI SF Incorporated

JSI Store Fixtures Incorporated –95% owned by Milo Holding Corp.

and 5% owned by JSI SF Incorporated

 

	
			C.

				
			Conditions to Effectiveness of Amendment: The Bank’s willingness to agree to the amendments set forth in this Amendment is subject to the prior satisfaction of the following conditions:

			

 

	 	
			1.

				
			Amendment and Related Documents. The Bank shall have received from the Borrower and each Guarantor, as applicable, a duly executed counterpart of this Amendment (including the attached Consent), the Sixth Amended and Restated Revolving Line of Credit Note in the principal amount of $75,000,000 of even date herewith made by the Borrower in favor of the Bank, the Term Note in the principal amount of $25,000,000 of even date herewith made by the Borrower in favor of the Bank, the Guaranty Agreement of LSI Fresh Subsidiary Inc. in favor of the Bank, and such other certificates, documents, instruments and agreements as the Bank shall reasonably request.

			

 

	 	
			2.

				
			Legal Fees. The Borrower shall have paid, or reimbursed the Bank for, the reasonable fees and expenses of the Bank’s counsel in connection with the preparation, negotiation, execution and delivery of this Amendment and the related documents.

			

 

	 	
			3.

				
			Costs and Expenses. The Borrower shall have paid, or reimbursed the Bank for, all other costs and expenses incurred by the Bank in connection with the structuring of the transactions contemplated by this Amendment and the negotiation, execution and delivery of this Amendment and the related documents.

			

 

6

 

 

CONSENT OF GUARANTOR

 

Each of the undersigned guarantors (individually and collectively, the “Guarantor”) consents to the provisions of the foregoing Amendment and all prior amendments (if any) and confirms and agrees that: (a) the Guarantor’s obligations under its Third Amended and Restated Guaranty Agreement dated as of February 21, 2017 (the “Guaranty”) relating to the Obligations mentioned in the Amendment shall be unimpaired by the Amendment; (b) the Guarantor has no defenses, set offs, counterclaims, discounts or charges of any kind against the Bank, its officers, directors, employees, agents or attorneys with respect to the Guaranty; and (c) all of the terms, conditions and covenants in the Guaranty remain unaltered and in full force and effect and are hereby ratified and confirmed and apply to the Obligations, as modified by the Amendment. The Guarantor certifies that all representations and warranties made in the Guaranty are true and correct.

 

The Guarantor hereby confirms that any collateral for the Obligations, including liens, security interests, mortgages, and pledges granted by the Guarantor or third parties (if applicable), shall continue unimpaired and in full force and effect, shall cover and secure all of the Guarantor’s existing and future Obligations to the Bank, as modified by the Amendment.

 

The Guarantor ratifies and confirms the indemnification and waiver of jury trial provisions contained in the Guaranty.

 

WITNESS the due execution of this Consent as a document under seal as of the date of the Amendment, intending to be legally bound hereby.

 

LSI MIDWEST LIGHTING INC.

LSI ADAPT INC.

GRADY McCAULEY INC.

LSI INTEGRATED GRAPHICS LLC

LSI KENTUCKY, LLC

LSI LIGHTRON INC.

LSI RETAIL GRAPHICS LLC

LSI ADL TECHNOLOGY LLC

LSI CONTROLS INC.

ATLAS LIGHTING PRODUCTS, INC.

 

 

By: /s/ James Galeese                                    

Print Name:         James Galeese                    

Title:         EVP, CFODocument

Exhibit 10.1
CHANGE ORDER
COVID-19 Impacts 2Q2021
						
	PROJECT NAME:  Sabine Pass LNG Stage 4 Liquefaction Facility

OWNER:  Sabine Pass Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: November 7, 2018
	CHANGE ORDER NUMBER: CO-00049

DATE OF CHANGE ORDER: July 6, 2021

			
	

The Agreement between the Parties listed above is changed as follows: 

1.Pursuant to Article 6.2 of the Agreement (Change Orders Requested by Contractor), Parties agree this Change Order includes Contractor’s costs for the second quarter of 2021 (“Q2”) (actuals through April 2021 and forecasted costs through June 2021), in response to the novel coronavirus (COVID-19) outbreak event.

       This Change Order is based on the following assumptions and qualifications for Q2:

i.Contractor’s Houston home office personnel have worked and shall continue working effectively remotely or in the Houston home office.
ii.Contractor has been able to keep the Jobsite open throughout the event and shall continue doing so, to the extent reasonably possible, to advance the Work at the current rate of progress (or better if possible), with no planned shutdown in Q2.
iii.Contractor shall continue to put forth diligent mitigation efforts to minimize impacts caused by the event to the extent reasonably practical, including but not limited to: increased craft professional hours for additional cleaning, disinfecting, etc.; increased bussing services to support social distancing; additional cleaning stations, waste management services, etc.; quarantine requirements for supplier technical support (international and others); continued COVID-19 testing costs and hours (excluding quarantine time); increased professional staff for contact tracing efforts; and additional safety PPE, communication materials (e.g., posters, signs, etc.).
iv.No major COVID-19 infection outbreak on the Jobsite resulting in: (i) Site shutdown of all or critical scopes of the Work; or (ii) absenteeism at or above the twenty percent (20%) level for a sustained duration of more than four (4) Weeks.  Should either of these triggers occur, the Parties shall jointly collaborate on mitigation actions and plans for shutdown accordingly.
v.Existing government (local, state and/or federal) guidelines, executive orders, actions or directives as of 9 March 2021 shall remain unchanged through the end of Q2. New government orders shall be subject to separate notices and Change Orders, if applicable.
vi.Owner’s operations and other professional staff personnel shall continue to support the Contractor’s activities for the Project in support of the Work.
vii.Subcontractors and Suppliers shall continue to provide uninterrupted support for construction activities either at Site or remotely if possible.
viii.Any changes in the above assumptions and qualifications and additional costs beyond Q2 are excluded from this Change Order; and may be part of a separate Change Order in accordance with Article 6.2 of the Agreement.
2.Contractor has not experienced schedule impacts on the critical path of the CPM Schedule through 15 May 2021; and should all the qualifications and assumptions above remain as stated, Contractor does not anticipate any schedule impacts to the Project on the critical path of the CPM Schedule through Q2.  In the event of the occurrence of any impacts to the critical path of the CPM Schedule, Contractor shall notify Owner in accordance with Article 6.5 of the Agreement.

3.The detailed cost breakdown of this Change Order is provided in Exhibit A of this Change Order. 

4.Schedule C-3 (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 Applicable to Subproject 6(a)
												
	1.	The original Contract Price Applicable to Subproject 6(a) was	$	2,016,892,573 	
	2.	Net change for Contract Price Applicable to Subproject 6(a) by previously authorized Change Orders (#01-08, 10-13, 15, 17-18, 21-22, 24, 28-29, 31-32, 34-35, 38, 41-42, 45-48) 	$	15,549,729 	
	3.	The Contract Price Applicable to Subproject 6(a) prior to this Change Order was	$	2,032,442,302 	
	4.	The Contract Price Applicable to Subproject 6(a) will be increased by this Change Order in the amount of	$	2,256,901 	
	5.	The Provisional Sum Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of	$	— 	
				
	6.	The Contract Price Applicable to Subproject 6(a) including this Change Order will be	$	2,034,699,203 	

			
	

Adjustment to Contract Price Applicable to Subproject 6(b)
												
	7.	The original Contract Price Applicable to Subproject 6(b) (in CO-00009) was	$	457,696,000 	
	8.	Net change for Contract Price Applicable to Subproject 6(b) by previously authorized Change Orders (#14, 16, 19-20, 23, 25-27, 30-31, 33, 36-37, 39-40, 43-44)	$	(4,939,146)	
	9.	The Contract Price Applicable to Subproject 6(b) prior to this Change Order was	$	452,756,854 	
	10.	The Contract Price Applicable to Subproject 6(b) will be unchanged by this Change Order	$	— 	
	11.	The Provisional Sum Applicable to Subproject 6(b) will be unchanged by this Change Order	$	— 	
	12.	The Contract Price Applicable to Subproject 6(b) including this Change Order will be	$	452,756,854 	

			
	

Adjustment to Contract Price
												
	13.	The original Contract Price for Subproject 6(a) and Subproject 6(b) was (add lines 1 and 7)	$	2,474,588,573 	
	14.	The Contract Price prior to this Change Order was (add lines 3 and 9)	$	2,485,199,156 	
	15.	The Contract Price will be increased by this Change Order in the amount of (add lines 4, 5, 10 and 11)	$	2,256,901 	
	16.	The new Contract Price including this Change Order will be (add lines 14 and 15)	$	2,487,456,057 	

			
	

Adjustment to dates in Project Schedule for Subproject 6(a)
The following dates are modified: N/A
Adjustment to other Changed Criteria for Subproject 6(a):  N/A
Adjustment to Payment Schedule for Subproject 6(a):  Yes; see Exhibit B of this Change Order.
Adjustment to Minimum Acceptance Criteria for Subproject 6(a):  N/A
Adjustment to Performance Guarantees for Subproject 6(a):  N/A
Adjustment to Design Basis for Subproject 6(a):  N/A
Other adjustments to liability or obligations of Contractor or Owner under the Agreement for Subproject 6(a): N/A

Adjustment to dates in Project Schedule for Subproject 6(b)
The following dates are modified:  N/A
Adjustment to other Changed Criteria for Subproject 6(b): N/A
Adjustment to Payment Schedule for Subproject 6(b):  N/A
Adjustment to Design Basis for Subproject 6(b):  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/ KM  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/ Kane McIntosh
	Owner		Contractor
	David Craft		Kane McIntosh
	Name		Name
	SVP E&C		Senior Project Manager
	Title		Title
	July 12, 2021		July 6, 2021
	Date of Signing		Date of Signing

CHANGE ORDER
Third Berth Bunkering Ship Modifications - Pre-Investment for Foundations
						
	PROJECT NAME:  Sabine Pass LNG Stage 4 Liquefaction Facility

OWNER:  Sabine Pass Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: November 7, 2018
	CHANGE ORDER NUMBER: CO-00050

DATE OF CHANGE ORDER: July 6, 2021

			
	

The Agreement between the Parties listed above is changed as follows: 

1.In accordance with Section 6.1 of the Agreement (Change Orders Requested by Owner), and pursuant to Owner’s request via Letter No. SPL4-BE-C20-055, dated 12 November 2020, and Contractor’s Third Berth Bunkering Study Class 3 Estimate provided via Letter No. 26012-100-T21-GAM-00026, dated 2 April 2021, the Parties agree this Change Order includes Contractor’s engineering, procurement and construction costs to proceed with Pre-Investment of Foundations for an additional Gangway Tower, new Hydraulic Power Unit (“HPU”) and Bunker Arm Vapor Line pedestals as further described in Section 5.0 of Contractor’s Third Berth Bunkering Study Report No. 26012-100-G65-GEX-00001, Rev 00A, dated 31 March 2021.

2.The detailed cost breakdown for this Change Order is detailed in Exhibit A of this Change Order. 

3.Schedule C-3 (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 Applicable to Subproject 6(a)
												
	1.	The original Contract Price Applicable to Subproject 6(a) was	$	2,016,892,573 	
	2.	Net change for Contract Price Applicable to Subproject 6(a) by previously authorized Change Orders (#01-08, 10-13, 15, 17-18, 21-22, 24, 28-29, 31-32, 34-35, 38, 41-42, 45-49)	$	17,806,630 	
	3.	The Contract Price Applicable to Subproject 6(a) prior to this Change Order was	$	2,034,699,203 	
	4.	The Contract Price Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of	$	— 	
	5.	The Provisional Sum Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of	$	— 	
				
	6.	The Contract Price Applicable to Subproject 6(a) including this Change Order will be	$	2,034,699,203 	

			
	

Adjustment to Contract Price Applicable to Subproject 6(b)
												
	7.	The original Contract Price Applicable to Subproject 6(b) (in CO-00009) was	$	457,696,000 	
	8.	Net change for Contract Price Applicable to Subproject 6(b) by previously authorized Change Orders (#14, 16, 19-20, 23, & 25-27, 30-31, 33, 36-37, 39-40, 43-44)	$	(4,939,146)	
	9.	The Contract Price Applicable to Subproject 6(b) prior to this Change Order was	$	452,756,854 	
	10.	The Contract Price Applicable to Subproject 6(b) will be increased by this Change Order	$	371,193 	
	11.	The Provisional Sum Applicable to Subproject 6(b) will be unchanged by this Change Order	$	— 	
	12.	The Contract Price Applicable to Subproject 6(b) including this Change Order will be	$	453,128,047 	

			
	

Adjustment to Contract Price
												
	13.	The original Contract Price for Subproject 6(a) and Subproject 6(b) was (add lines 1 and 7)	$	2,474,588,573 	
	14.	The Contract Price prior to this Change Order was (add lines 3 and 9)	$	2,487,456,057 	
	15.	The Contract Price will be increased by this Change Order in the amount of (add lines 4, 5, 10 and 11)	$	371,193 	
	16.	The new Contract Price including this Change Order will be (add lines 14 and 15)	$	2,487,827,250 	

			
	

Adjustment to dates in Project Schedule for Subproject 6(a)
The following dates are modified : N/A
Adjustment to other Changed Criteria for Subproject 6(a): N/A
Adjustment to Payment Schedule for Subproject 6(a):  N/A
Adjustment to Minimum Acceptance Criteria for Subproject 6(a):  N/A
Adjustment to Performance Guarantees for Subproject 6(a):  N/A
Adjustment to Design Basis for Subproject 6(a):  N/A
Other adjustments to liability or obligations of Contractor or Owner under the Agreement for Subproject 6(a): N/A

Adjustment to dates in Project Schedule for Subproject 6(b)
The following dates are modified:  N/A
Adjustment to other Changed Criteria for Subproject 6(b): N/A
Adjustment to Payment Schedule for Subproject 6(b):  Yes; see Exhibit B of this Change Order.
Adjustment to Design Basis for Subproject 6(b):  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/ KM  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/ Kane McIntosh
	Owner		Contractor
	David Craft		Kane McIntosh
	Name		Name
	SVP E&C		Senior Project Manager
	Title		Title
	July 12, 2021		July 6, 2021
	Date of Signing		Date of Signing

CHANGE ORDER
Thermal Oxidizer Controls Change
						
	PROJECT NAME:  Sabine Pass LNG Stage 4 Liquefaction Facility

OWNER:  Sabine Pass Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: November 7, 2018
	CHANGE ORDER NUMBER: CO-00051

DATE OF CHANGE ORDER: September 8, 2021

			
	

The Agreement between the Parties listed above is changed as follows:
1.In accordance with Section 6.1 of the Agreement (Change Orders Requested by Owner), the Parties agree this Change Order includes Contractor's engineering costs to implement two (2) design changes to the Thermal Oxidizer System controls scheme for Train 6 (MOC #M2020778-001 & MOC #M2021544-001).

2.The detailed cost breakdown for this Change Order is detailed in Exhibit A of this Change Order.

3.Schedule C-3 (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 Applicable to Subproject 6(a)
												
	1.	The original Contract Price Applicable to Subproject 6(a) was	$	2,016,892,573 	
	2.	Net change for Contract Price Applicable to Subproject 6(a) by previously authorized Change Orders (#01-08, 10-13, 15, 17-18, 21-22, 24, 28-29, 31-32, 34-35, 38, 41-42, 45-49)	$	17,806,630 	
	3.	The Contract Price Applicable to Subproject 6(a) prior to this Change Order was	$	2,034,699,203 	
	4.	The Contract Price Applicable to Subproject 6(a) will be increased by this Change Order in the amount of	$	40,306 	
	5.	The Provisional Sum Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of	$	— 	
				
	6.	The Contract Price Applicable to Subproject 6(a) including this Change Order will be	$	2,034,739,509 	

			
	

Adjustment to Contract Price Applicable to Subproject 6(b)
												
	7.	The original Contract Price Applicable to Subproject 6(b) (in CO-00009) was	$	457,696,000 	
	8.	Net change for Contract Price Applicable to Subproject 6(b) by previously authorized Change Orders (#14, 16, 19-20, 23, 25-27, 30-31, 33, 36-37, 39-40, 43-44, 50)	$	(4,567,953)	
	9.	The Contract Price Applicable to Subproject 6(b) prior to this Change Order was	$	453,128,047 	
	10.	The Contract Price Applicable to Subproject 6(b) will be unchanged by this Change Order	$	— 	
	11.	The Provisional Sum Applicable to Subproject 6(b) will be unchanged by this Change Order	$	— 	
	12.	The Contract Price Applicable to Subproject 6(b) including this Change Order will be	$	453,128,047 	

			
	

Adjustment to Contract Price
												
	13.	The original Contract Price for Subproject 6(a) and Subproject 6(b) was (add lines 1 and 7) 	$	2,474,588,573 	
	14.	The Contract Price prior to this Change Order was (add lines 3 and 9)....................................................	$	2,487,827,250 	
	15.	The Contract Price will be increased by this Change Order in the amount of (add lines 4, 5, 10 and 11) 	$	40,306 	
	16.	The new Contract Price including this Change Order will be (add lines 14 and 15)................................	$	2,487,867,556 	

			
	

Adjustment to dates in Project Schedule for Subproject 6(a)
The following dates are modified: N/A
Adjustment to other Changed Criteria for Subproject 6(a):  N/A

Adjustment to Payment Schedule for Subproject 6(a):  Yes; see Exhibit B
Adjustment to Minimum Acceptance Criteria for Subproject 6(a):  N/A
Adjustment to Performance Guarantees for Subproject 6(a):  N/A
Adjustment to Design Basis for Subproject 6(a):  N/A
Other adjustments to liability or obligations of Contractor or Owner under the Agreement for Subproject 6(a): N/A

Adjustment to dates in Project Schedule for Subproject 6(b)
The following dates are modified:  N/A
Adjustment to other Changed Criteria for Subproject 6(b): N/A
Adjustment to Payment Schedule for Subproject 6(b):  N/A
Adjustment to Design Basis for Subproject 6(b):  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/ KM  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/ Kane McIntosh
	Owner		Contractor
	David Craft		Kane McIntosh
	Name		Name
	SVP E&C		Senior Project Manager
	Title		Title
	September 16, 2021		September 8, 2021
	Date of Signing		Date of Signing

CHANGE ORDER
Third Berth Spare Beacon and Additional Cable Tray
						
	PROJECT NAME:  Sabine Pass LNG Stage 4 Liquefaction Facility

OWNER:  Sabine Pass Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: November 7, 2018
	CHANGE ORDER NUMBER: CO-00052

DATE OF CHANGE ORDER: September 8, 2021

			
	

The Agreement between the Parties listed above is changed as follows:
1.In accordance with Section 6.1 of the Agreement (Change Orders Requested by Owner), the Parties agree this Change Order includes Contractor’s procurement and construction costs to procure, supply and pre-assemble a spare beacon structure for the Third Berth Project.

2.In accordance with Section 6.1 of the Agreement (Change Orders Requested by Owner), the Parties agree this Change Order includes Contractor’s engineering, procurement, and construction costs to install a new six (6) inch wide cable tray on the existing pipe rack to support installation of the new 5kV cable for the Third Berth Project.

3.    The detailed cost breakdown for this Change Order is detailed in Exhibits A.1 and A.2 of this Change Order.

4.    Schedule C-3 (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 Applicable to Subproject 6(a)
												
	1.	The original Contract Price Applicable to Subproject 6(a) was	$	2,016,892,573 	
	2.	Net change for Contract Price Applicable to Subproject 6(a) by previously authorized Change Orders (#01-08, 10-13, 15, 17-18, 21-22, 24, 28-29, 31-32, 34-35, 38, 41-42, 45-49, 51)	$	17,846,936 	
	3.	The Contract Price Applicable to Subproject 6(a) prior to this Change Order was	$	2,034,739,509 	
	4.	The Contract Price Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of	$	— 	
	5.	The Provisional Sum Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of	$	— 	
				
	6.	The Contract Price Applicable to Subproject 6(a) including this Change Order will be	$	2,034,739,509 	

			
	

Adjustment to Contract Price Applicable to Subproject 6(b)
												
	7.	The original Contract Price Applicable to Subproject 6(b) (in CO-00009) was	$	457,696,000 	
	8.	Net change for Contract Price Applicable to Subproject 6(b) by previously authorized Change Orders (#14, 16, 19-20, 23, 25-27, 30-31, 33, 36-37, 39-40, 43-44, 50)	$	(4,567,953)	
	9.	The Contract Price Applicable to Subproject 6(b) prior to this Change Order was	$	453,128,047 	
	10.	The Contract Price Applicable to Subproject 6(b) will be increased by this Change Order	$	589,417 	
	11.	The Provisional Sum Applicable to Subproject 6(b) will be unchanged by this Change Order	$	— 	
	12.	The Contract Price Applicable to Subproject 6(b) including this Change Order will be	$	453,717,464 	

			
	

Adjustment to Contract Price
												
	13.	The original Contract Price for Subproject 6(a) and Subproject 6(b) was (add lines 1 and 7) 	$	2,474,588,573 	
	14.	The Contract Price prior to this Change Order was (add lines 3 and 9)....................................................	$	2,487,867,556 	
	15.	The Contract Price will be increased by this Change Order in the amount of (add lines 4, 5, 10 and 11) 	$	589,417 	
	16.	The new Contract Price including this Change Order will be (add lines 14 and 15)................................	$	2,488,456,973 	

			
	

Adjustment to dates in Project Schedule for Subproject 6(a)
The following dates are modified: N/A
Adjustment to other Changed Criteria for Subproject 6(a):  N/A
Adjustment to Payment Schedule for Subproject 6(a):  N/A
Adjustment to Minimum Acceptance Criteria for Subproject 6(a):  N/A
Adjustment to Performance Guarantees for Subproject 6(a):  N/A
Adjustment to Design Basis for Subproject 6(a):  N/A
Other adjustments to liability or obligations of Contractor or Owner under the Agreement for Subproject 6(a): N/A

Adjustment to dates in Project Schedule for Subproject 6(b)
The following dates are modified:  N/A
Adjustment to other Changed Criteria for Subproject 6(b): N/A
Adjustment to Payment Schedule for Subproject 6(b):  Yes; see Exhibit B of this Change Order.
Adjustment to Design Basis for Subproject 6(b):  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/ KM 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/ Kane McIntosh
	Owner		Contractor
	David Craft		Kane McIntosh
	Name		Name
	SVP E&C		Project Manager
	Title		Title
	September 16, 2021		September 8, 2021
	Date of Signing		Date of Signing

CHANGE ORDER
Train 6 Gearbox Assembly Replacement for Unit 1411

						
	PROJECT NAME:  Sabine Pass LNG Stage 4 Liquefaction Facility

OWNER:  Sabine Pass Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: November 7, 2018
	CHANGE ORDER NUMBER: CO-00053

DATE OF CHANGE ORDER: September 24, 2021

			
	

The Agreement between the Parties listed above is changed as follows:
1.Contractor acknowledges that one(1) gearbox assembly (identified as "PROPANE COMPRESSOR ASSEMBLY GEARBOX; 46C-1411-GB02 GEARBOX; PN: NF2419E; S/N: YH00156; GE NUOVO PIGNONE/LUFKIN") procured by Contractor for Subproject 6(a), which is part of compressor number 46C-1411 ("Compressor"), requires repair before it can be incorporated into Subproject 6(a)  ("Original Gearbox Assembly").

2.Contractor states that the repair of the Original Gearbox Assembly and subsequent installation of the repaired Original Gearbox Assembly into Subproject 6(a) may delay the achievement of Substantial Completion.  To mitigate this delay, Contractor has requested Owner provide the following capital spare parts from the Stage 4 Liquefaction Facility: (a) one (1) low speed shaft and gear set, (b) one (1) high speed pinion, and (c) four (4) tilting pad bearings and other various operating spare parts to be installed in the Compressor (subclauses (a), (b), (c) and the operating spare parts together, the "Replacement Parts"). 

3.Owner has no obligation to provide the Replacement Parts to Contractor. Notwithstanding the foregoing, Owner agrees to make the Replacement Parts available to Contractor for the purpose of Contractor installing such Replacement Parts into Subproject 6(a) (in lieu of installing the Original Gearbox Assembly) based on the conditions stated in this Change Order. 

4.Contractor shall, for all Replacement Parts provided by Owner procure for Owner equivalent replacement or refurbished (as needed) parts in condition equivalent to condition of the Replacement Parts and meeting all requirements under the Agreement (including Article 12) ("New Parts") and shall deliver the New Parts to a storage location designated by Owner.  Contractor shall use commercially reasonable efforts to make such delivery on or before [28JAN2022] (the "Delivery Date". Contractor shall also provide to Owner a schedule for the procurement and delivery of the New Parts, which schedule shall account for the delivery of all New Parts to Owner on or before the Delivery Date.  Once approved in writing by Owner (such approval not to be unreasonably withheld), Contractor shall procure and deliver the New Parts in accordance with such approved schedule.  Notwithstanding the foregoing, any written request by Owner Representative to maintain or improve upon such schedule shall be implemented by Contractor unless otherwise agreed in writing between David Craft of Owner and Kane McIntosh of Contractor.

5.Contractor shall bear all costs and expenses in relation to repair, restoration, delivery, transportation, installation, uninstallation, removal, return and storage of, or any other services for, the Original Gearbox Assembly, the Replacement Parts, the New Parts and Contractor's performance of its obligations under this Change Order.

6.In the event Owner sustains a failure of any gearbox comparable to the Original Gearbox Assembly or any spare parts comparable to any Replacement Part currently in operation in the Stage 1 Liquefaction Facility, the Stage 2 Liquefaction Facility or the Stage 3 Liquefaction Facility (each individually, "such other Liquefaction Facility") prior to Owner receiving the New Parts, Contractor shall return and, if applicable, uninstall, the such Replacement Part to Owner for use in such other Liquefaction Facility, and Contractor shall not be entitled to any Change Order under the Agreement in connection with the return and, if applicable, the uninstallation, of the Replacement Parts, including no adjustment to the Guaranteed Substantial Completion Date.

7.THE PARTIES AGREE THAT (I) OWNER PROVIDES AND CONTRACTOR SHALL ACCEPT ALL REPLACEMENT PARTS "AS- IS" WITH ANY AND ALL DEFECTS (IF ANY), INCLUDING LATENT DEFECTS;  (II) ANY USE OF ANY REPLACEMENT PARTS BY CONTRACTOR, INCLUDING CONTRACTOR'S INCORPORATION OF ANY REPLACEMENT PARTS INTO SUBPROJECT 6(a), SHALL BE AT CONTRACTOR'S SOLE RISK AND SHALL NOT RELIEVE CONTRACTOR OF ANY OF ITS OBLIGATIONS UNDER THE AGREEMENT (INCLUDING ACHIEVING THE GUARANTEED SUBSTANTIAL COMPLETION DATE, THE MAC AND PERFORMANCE GUARANTEE IN ACCORDANCE WITH THE AGREEMENT);  AND (III) OWNER HEREBY DISCLAIMS ANY AND ALL WARRANTIES RELATING TO 

ALL REPLACEMENT PARTS, INCLUDING THE IMPLIED WARRANTY OF MERCHANTABILITY AND IMPLIED WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE. After installation of any Replacement Parts into the Stage 4 Liquefaction Facility, Article 12 of the Agreement (including the warranty obligations) shall apply to the Replacement Parts as if the Replacement Parts were provided by Contractor under the Agreement.

			
	

Adjustment to Contract Price Applicable to Subproject 6(a)
												
	1.	The original Contract Price Applicable to Subproject 6(a) was	$	2,016,892,573 	
	2.	Net change for Contract Price Applicable to Subproject 6(a) by previously authorized Change Orders (#01-08, 10-13, 15, 17-18, 21-22, 24, 28-29, 31-32, 34-35, 38, 41-42, 45-49, 51)	$	17,846,936 	
	3.	The Contract Price Applicable to Subproject 6(a) prior to this Change Order was	$	2,034,739,509 	
	4.	The Contract Price Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of	$	— 	
	5.	The Provisional Sum Applicable to Subproject 6(a) will be unchanged by this Change Order in the amount of	$	— 	
				
	6.	The Contract Price Applicable to Subproject 6(a) including this Change Order will be	$	2,034,739,509 	

			
	

Adjustment to Contract Price Applicable to Subproject 6(b)
												
	7.	The original Contract Price Applicable to Subproject 6(b) (in CO-00009) was	$	457,696,000 	
	8.	Net change for Contract Price Applicable to Subproject 6(b) by previously authorized Change Orders (#14, 16, 19-20, 23, 25-27, 30-31, 33, 36-37, 39-40, 43-44, 50, 52)	$	(3,978,536)	
	9.	The Contract Price Applicable to Subproject 6(b) prior to this Change Order was	$	453,717,464 	
	10.	The Contract Price Applicable to Subproject 6(b) will be unchanged by this Change Order	$	— 	
	11.	The Provisional Sum Applicable to Subproject 6(b) will be unchanged by this Change Order	$	— 	
	12.	The Contract Price Applicable to Subproject 6(b) including this Change Order will be	$	453,717,464 	

			
	

Adjustment to Contract Price
												
	13.	The original Contract Price for Subproject 6(a) and Subproject 6(b) was (add lines 1 and 7) 	$	2,474,588,573 	
	14.	The Contract Price prior to this Change Order was (add lines 3 and 9)....................................................	$	2,488,456,973 	
	15.	The Contract Price will be unchanged by this Change Order in the amount of (add lines 4, 5, 10 and 11) 	$	— 	
	16.	The new Contract Price including this Change Order will be (add lines 14 and 15)................................	$	2,488,456,973 	

			
	

Adjustment to dates in Project Schedule for Subproject 6(a)
The following dates are modified: N/A
Adjustment to other Changed Criteria for Subproject 6(a):  N/A
Adjustment to Payment Schedule for Subproject 6(a):  N/A
Adjustment to Minimum Acceptance Criteria for Subproject 6(a):  N/A
Adjustment to Performance Guarantees for Subproject 6(a):  N/A
Adjustment to Design Basis for Subproject 6(a):  N/A
Other adjustments to liability or obligations of Contractor or Owner under the Agreement for Subproject 6(a): N/A

Adjustment to dates in Project Schedule for Subproject 6(b)
The following dates are modified:  N/A
Adjustment to other Changed Criteria for Subproject 6(b): N/A

Adjustment to Payment Schedule for Subproject 6(b):  N/A
Adjustment to Design Basis for Subproject 6(b):  N/A
Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A
Select either A or B:
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/ KM 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/ Kane McIntosh
	Owner		Contractor
	David Craft		Kane McIntosh
	Name		Name
	SVP E&C		Project Manager
	Title		Title
	September 29, 2021		September 27, 2021
	Date of Signing		Date of Signing

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