Document:

Form of Restricted Units Agreement (four-year)

 Exhibit 10.40 
 Employee, Consultant & Director 
 4-Year Form 
  

 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; Change in Control. 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 25% of the Restricted
Units on the first anniversary of the date hereof, and shall vest at 25% on the second anniversary of the date hereof with another 25% on the third anniversary of the date hereof and with the remainder of the Restricted Units vesting on the fourth
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 therefor; provided, however, that any Restricted Units not then vested shall vest upon the death or Disability of
Participant. 
 In the event of a Change in Control, then any Restricted Units not then vested shall vest in the event of the termination,
resignation or removal of a Participant from employment or other service with Company and its Affiliates for any reason within one (1) year from the effective date of such Change in Control. 
 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.] [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 paid to the Participant without restriction. Such
distribution shall occur no later than the end of the calendar year in which the distributions are paid to unitholders.] 
  

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 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 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 in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under 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. 
  

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 (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, as well as by providing the Company with a copy of such election at that time. If such an election is made, Participant will have taxable income to the extent the purchase price, if any, is less than the fair
market value of the Restricted Units on the date hereof. No taxable income will be incurred 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. 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. 
 14. 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:                                     
                                        
      

  

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	PARTICIPANT:	 	 
			
	By:	 	  
	 	
		 	(Signature)	 	

  

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 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 RIGHT SET FORTH IN THE RESTRICTED UNITS AGREEMENT WITHOUT REQUIRING ADDITIONAL SIGNATURES ON THE PART OF THE PURCHASER.Form of Director Units Option Agreement for employees and consultants

 Exhibit 10.41 
 Director Form 
  

 DIRECTOR UNITS OPTION AGREEMENT 
 Pursuant to the terms of the Cheniere Energy Partners, L.P.
Long-Term Incentive Plan 
 1. Grant of Option. Cheniere Energy Partners GP, LLC, a Delaware limited liability company
(“Company”), hereby grants to                         
                         (“Optionee”) the right, privilege and option as herein set forth (the “Option”)
to purchase up to [xx,xxx] 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 Director Units Option
Agreement (the “Agreement”) is dated as of [xx/xx/xx] (the “Date of Grant”). The Units, when issued to Optionee upon exercise of the Option, shall be fully paid and nonassessable and Optionee (or the person
permitted to exercise the Option in the event of Optionee’s death) shall be and have all the rights and privileges of a unitholder of record of the Company with respect to the Units acquired upon exercise of the Option, effective upon such
exercise. The Option is granted 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 is subject to the provisions of the Plan, which
is hereby incorporated herein and is made a part hereof, as well as the provisions of this Agreement. By execution of this Agreement, Optionee agrees to be bound by all of the terms, provisions, conditions and limitations of the Plan as implemented
by the Option and this 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 Option unless otherwise provided. 
 2. Option Terms. Subject to earlier termination as provided herein, the Option shall expire on the 10th anniversary of the Date of Grant of the Option, which anniversary shall be [xx/xx/xx]. The period during which the Option is in effect is referred to as the “Option Period”. 
 3. Option Exercise Price. The exercise price (the “Exercise Price”) of the Units subject to the Option shall be [$xx.xx]
per Unit which has been determined to be no less than the Fair Market Value of a Unit on the Date of Grant of the Option. 
 4.
Vesting. The total number of Units subject to this Option are fully vested and may be exercised immediately. 
 5. Method of
Exercise. To exercise the Option, Optionee shall deliver notice to Company at its principal executive office, directed to the Committee, such exercise to be effective at the time of receipt of such notice at Company’s principal executive
office during normal business hours, stating the number of Units with respect to which the Option is being exercised together with payment for such Units plus, to the extent applicable, any required withholding taxes, unless other arrangements for
withholding tax liability have been made with the Committee. The exercise notice shall be delivered in person, by certified or regular mail, or by such other method (including electronic transmission) as determined from time to time by the
Committee. 
 6. Payment of Exercise Price and Required Withholding. In order to exercise the Option, Optionee or other person or
persons entitled to exercise such Option shall deliver to Company payment in full for (i) the Units being purchased and (ii) to the extent applicable, unless other arrangements have been made with the Committee, any required withholding
taxes. 
 The payment of the Exercise Price for the Option shall either be: 
 (1) in cash, or by check payable and acceptable to Company; 

 (2) with the consent of the Committee, by tendering to Company Units owned by the person
exercising the Option for more than six (6) months having an aggregate Fair Market Value as of the date of exercise that is not greater than the full Exercise Price for the Units with respect to which the Option is being exercised and by paying
any remaining amount of the Exercise Price (and, to the extent applicable, any required withholding taxes) as provided in (1) above; or 
 (3) with the consent of the Committee and compliance with such instructions as the Committee may specify, by delivering to Company and to a broker a properly executed exercise notice and irrevocable instructions to
such broker to deliver to Company cash or a check payable and acceptable to Company to pay the Exercise Price and, to the extent applicable, any applicable withholding taxes. 
 Upon receipt of the cash or check from the broker, Company will deliver to the broker the Units for which the Option is exercised. In the
event that the person elects to make payment as allowed under clause (2) of the second preceding sentence, the Committee may, upon confirming that Optionee owns the number of additional Units being tendered, authorize the issuance of a new
certificate for the number of Units being acquired pursuant to the exercise of the Option less that number of Units being tendered upon the exercise and return to the person (or not require surrender of) the certificate for the Units being tendered
upon the exercise. The date of sale of the Units by the broker pursuant to a cashless exercise under clause (3) of the third preceding sentence shall be the date of exercise of the Option. If the Committee so requires, such person or persons
shall also deliver a written representation that all Units being purchased are being acquired for investment and not with a view to, or for resale in connection with, any distribution of such Units. 
 7. Termination of Service of Director. If Optionee’s service as a Director on the Board is terminated for any reason whatsoever, Optionee
shall be entitled to exercise his or her rights with respect to the Option for a period that shall end on the earlier of (i) the expiration date set forth in the Option or (ii) the date that occurs six (6) months after such
termination date. 
 8. Adjustment of Units. In the event of 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 Partnership, issuance of warrants or other rights to purchase
Units or other securities of Partnership, or other similar transaction or event affects the Units then the Committee shall, in such manner as it may deem equitable, make adjustments to the terms and provisions of this Option pursuant to
Section 4(c) of the Plan in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan. 
 9. Ownership Rights and Distribution Equivalent Rights. Optionee shall have no rights as a unitholder in respect of Units until such Optionee becomes the holder of record of such Units except as specifically
provided in the Plan and this Agreement. [Before Optionee becomes the holder of record of Units, any distribution in the form of cash paid or delivered by Company on a Unit shall [shall not] entitle Optionee to an equal amount of cash
with respect to each Unit.] [Such amounts shall be credited to a bookkeeping account for the benefit of Optionee. To the extent Optionee becomes the holder of record of such Units, all such distributions, if any, credited to the
bookkeeping account for the benefit of Optionee shall be distributed to Optionee without 

  

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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 Optionee becomes holder of record of such Units. Should Optionee die before receiving all amounts due under this Paragraph 9, the balance due shall be paid to his estate. Optionee’s right to any amounts credited to
such account shall not rise above those of a general creditor of Company.] 
 10. Certain Restrictions. The certificate issued
for the Units subject to the restrictions described in this Paragraph 10 may, in the Committee’s discretion, be issued with an appropriate legend describing such restrictions, and the Committee may establish an escrow or other custodial
arrangement for holding of the certificate by a person (other than Optionee) selected by the Committee. 
 By exercising the Option, Optionee
agrees that if at the time of such exercise the sale of Units issued hereunder is not covered by an effective registration statement filed under the Securities Act of 1933 (“Act”), Optionee will acquire the Units for Optionee’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 Optionee 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 Agreement. Optionee agrees that Company shall not be obligated to take any affirmative action in order to cause the issuance or transfer of Units hereunder to comply
with any law, rule or regulation that applies to the Units subject to the Option. 
 11. Units Reserved. Company shall at all times
during the Option Period reserve and keep available such number of Units as will be sufficient to satisfy the requirements of this Option. 
 12. Nontransferability of Option. The Option evidenced by this Agreement is not transferable other than by will, the laws of descent and distribution. The Option will be exercisable during Optionee’s lifetime only by Optionee or
by Optionee’s guardian or legal representative. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, or torts of Optionee. Optionee (or his guardian) may, in accordance with rules and
procedures established by the Committee from time to time, transfer, for estate planning purposes, all or part of the Option to one or more immediate family members or related family trusts or partnerships or similar entities as determined by the
Committee. To the extent the Option is transferred in accordance with the provisions of this Paragraph 12, the Option may only be exercised by the person or persons who acquire a proprietary interest in the Options pursuant to the transfer.

 13. Amendment and Termination. The Option may not be terminated by the Committee at any time without the written consent of
Optionee. This Agreement may be amended in writing by Company and Optionee, provided Company may amend this Agreement unilaterally (i) if the amendment does not adversely affect Optionee’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 Optionee. 
 14. No Guarantee of Board Membership. The Option shall not confer upon Optionee any
right with respect to continuance of Board service 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 Optionee’s Board service or
other service at any time. 
  

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 15. Withholding of Taxes. To the extent applicable, any issuance of Units pursuant to the exercise
of the Option shall not be made until appropriate arrangements satisfactory to Company have been made for the payment of any tax amounts (federal, state, local or other) that may be required to be withheld or paid by Company with respect thereto at
the minimum statutory rate. Company shall have the right to take such action as may be necessary or appropriate to satisfy any such tax withholding obligations. 
 16. No Guarantee of Tax Consequences. Neither Company nor any Affiliate 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 the Option. 
 17. Severability. In the event that any provision of the Option shall be held
illegal, invalid, or unenforceable for any reason, such provision shall be fully severable, but shall not affect the remaining provisions of the Option, and the Option shall be construed and enforced as if the illegal, invalid, or unenforceable
provision had never been included herein. 
 18. Governing Law. The Option and this 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:                                     
                                        
               

	
	OPTIONEE:
		
	By:	 	  

		 	(Signature)

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