Document:

Exhibit

Exhibit 10.3

SECOND AMENDMENT TO
COMMON SECURITY AND ACCOUNT AGREEMENT

This Second Amendment, dated as of August 30, 2019 (the “Second Amendment”), amends the Amended and Restated Common Security and Account Agreement, dated as of May 22, 2018 (as amended by the First Amendment, dated as of November 28, 2018, and as further amended, amended and restated, modified or supplemented from time to time, the “Common Security and Account Agreement”), by and among Cheniere Corpus Christi Holdings, LLC (the “Company”), Corpus Christi Liquefaction, LLC, Cheniere Corpus Christi Pipeline, L.P. and Corpus Christi Pipeline GP, LLC (the “Guarantors” and, together with the Company, the “Securing Parties”), the Senior Creditor Group Representatives party thereto and that accede thereto from time to time, for the benefit of all Senior Creditors, Société Générale as Intercreditor Agent for the Facility Lenders and any Hedging Banks, Société Générale as Security Trustee, and Mizuho Bank, Ltd. as Account Bank. All capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in the Common Security and Account Agreement.

WHEREAS, pursuant to certain terms of the Finance Documents, it was intended that an “Acceptable Debt Service Reserve LC” could be provided by an Issuing Bank (as defined in the Working Capital Facility Agreement) to or for the account of the Loan Parties pursuant to the Working Capital Facility Agreement, and the Loan Parties wish to enter into this Second Amendment to the Common Security and Account Agreement in order to cure certain ambiguities and inconsistencies with respect to the definition of “Acceptable Debt Service Reserve LC” therein;

WHEREAS, pursuant to Section 12.14(a) (Amendments) of the Common Security and Account Agreement, the Security Trustee may execute this amendment with the consent of the Intercreditor Agent pursuant to Section 7.2(a)(i) (Modification Approval Levels – Modifications to this Agreement) thereof; and

WHEREAS, the Intercreditor Agent is hereby consenting to the Security Trustee’s execution of this amendment pursuant to Section 3.2(a)(i) (Voting Generally: Intercreditor Party Decisions and Intercreditor Votes), Section 4.4 (Administrative Decisions) and Schedule 2 (Administrative Decisions) of the Intercreditor Agreement.

NOW, THEREFORE, in consideration of the mutual covenants contained herein, and subject to the terms and conditions herein set forth, the parties hereto agree as follows:

Section 1. Amendment to Common Security and Account Agreement. The Company, the Guarantors and the Security Trustee each agree that the definition of “Acceptable Debt Service Reserve LC” in Section 1.3 (Definitions) of Schedule A (Common Definitions and Rules of Interpretation) to the Common Security and Account Agreement is amended by (i) adding the word “and” to the end of clause (a); (ii) replacing the “; and” at the end of clause (b) with a “.”; and (iii) deleting clause (c) in its entirety. 
    
Section 2. Effectiveness. This Second Amendment shall be effective upon (x) the receipt by the Intercreditor Agent of executed counterparts of this Second Amendment by 

the Company and each Guarantor and (y) the execution of this Second Amendment by the Intercreditor Agent.

Section 3. Finance Document. This Second Amendment constitutes a Finance Document as such term is defined in, and for purposes of, the Amended and Restated Common Terms Agreement, dated as of May 22, 2018, as amended by the First Amendment, dated as of November 28, 2018, by and among the Securing Parties, Société Générale as the Term Loan Facility Agent, The Bank of Nova Scotia as the Working Capital Facility Agent, each other Facility Agent on behalf of its respective Facility Lenders and Société Générale as the Intercreditor Agent.

Section 4. GOVERNING LAW. THIS SECOND AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, UNITED STATES WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF THE LAW OF ANY OTHER JURISDICTION.

Section 5. Headings. All headings in this Second Amendment are included only for convenience and ease of reference and shall not be considered in the construction and interpretation of any provision hereof.

Section 6. Binding Nature and Benefit. This Second Amendment shall be binding upon and inure to the benefit of each party hereto and their respective successors and permitted transfers and assigns.

Section 7. Counterparts. This Second Amendment may be executed in multiple counterparts, each of which shall be deemed an original for all purposes, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Second Amendment by facsimile or in electronic document format (e.g., “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Second Amendment.

Section 8. No Modifications; No Other Matters. Except as expressly provided for herein, the terms and conditions of the Common Security and Account Agreement shall continue unchanged and shall remain in full force and effect. Each amendment granted herein shall apply solely to the matters set forth herein and such amendment shall not be deemed or construed as an amendment of any other matters, nor shall such amendment apply to any other matters.

[Signature pages follow]

2

IN WITNESS WHEREOF, the parties have caused this Second Amendment to the Common Security and Account Agreement to be duly executed and delivered as of the day and year first above written.

	
		
	CHENIERE CORPUS CHRISTI

	HOLDINGS, LLC, as the Company

	 
	 

	By:
	/s/ Lisa C. Cohen

	 
	Name:     Lisa C. Cohen

	 
	Title:       Treasurer

	 
	 

	 
	 

	CORPUS CHRISTI LIQUEFACTION,

	LLC, as Guarantor

	 
	 

	By:
	/s/ Lisa C. Cohen

	 
	Name:     Lisa C. Cohen

	 
	Title:       Treasurer

	 
	 

	 
	 

	CHENIERE CORPUS CHRISTI

	PIPELINE, L.P., as Guarantor

	 
	 

	By:
	/s/ Lisa C. Cohen

	 
	Name:     Lisa C. Cohen

	 
	Title:       Treasurer

	 
	 

	 
	 

	CORPUS CHRISTI PIPELINE GP, LLC,

	as Guarantor

	 
	 

	By:
	/s/ Lisa C. Cohen

	 
	Name:     Lisa C. Cohen

	 
	Title:       Treasurer

	 
	 

SIGNATURE PAGE TO SECOND AMENDMENT TO COMMON SECURITY AND ACCOUNT AGREEMENT

IN WITNESS WHEREOF, the parties have caused this Second Amendment to the Common Security and Account Agreement to be duly executed and delivered as of the day and year first above written.

	
		
	SOCIÉTÉ GÉNÉRALE,

	as Security Trustee

	 
	 

	By:
	/s/ Arnaud Batejat

	Name:
	Arnaud Batejat

	Title:
	VP

	 
	 

	 
	 

	 
	 

SIGNATURE PAGE TO SECOND AMENDMENT TO COMMON SECURITY AND ACCOUNT AGREEMENT

IN WITNESS WHEREOF, the parties have caused this Second Amendment to the Common Security and Account Agreement to be duly executed and delivered as of the day and year first above written.

	
		
	SOCIÉTÉ GÉNÉRALE,

	as Intercreditor Agent, on its own behalf and

	on behalf of the Intercreditor Parties, solely

	for purposes of consenting to the Security

	Trustee's execution of the amendment

	pursuant to Section 7.2(a)(i) of the Common

	Security and Account Agreement

	 

	By:
	/s/ Arnaud Batejat

	Name:
	Arnaud Batejat

	Title:
	VP

	 
	 

	 
	 

	 
	 

SIGNATURE PAGE TO SECOND AMENDMENT TO COMMON SECURITY AND ACCOUNT AGREEMENTExhibit

Exhibit 10.4
[***] indicates certain identified information has been excluded because it is both (a) not material and (b) would be competitively harmful if publicly disclosed.
CHANGE ORDER 
Train 2 Nitrogen Supply for Commissioning Units 16, 17 and Feed Gas
	
		
	PROJECT NAME:  Corpus Christi Stage 1 Liquefaction Facility

OWNER:  Corpus Christi Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: December 6, 2013
	CHANGE ORDER NUMBER: CO-00053

DATE OF CHANGE ORDER: June 26, 2019

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

		
	1)
	Pursuant to Article 6 of the Agreement, Parties agree this Change Order includes Contractor’s use of nitrogen for Subproject 2 (Train 2) Commissioning activities (dryout and defrosting of Units 16, 17 and Feed Gas) in lieu of Feed Gas as requested by Owner.

		
	i.
	This Change Order is in accordance with the approved Trend No. S1-3017.

		
	2)
	The summary cost breakdown for the scope of this Change Order is detailed in Exhibit 1 of this Change Order.

		
	3)
	The detailed cost breakdown for the scope of this Change Order is detailed in Exhibit 3 (Trend No. S1-3017) and Exhibit 4 (Supplier Invoice).

		
	4)
	Schedule C-1 (Milestone Payment Schedule) of Attachment C of the Agreement will be amended by including the Milestone(s) listed in Exhibit 2 of this Change Order.

Adjustment to Contract Price
	
				
	The original Contract Price was.........................................................................................................................
	$
	7,080,830,000
	

	Net change by previously authorized Change Orders (0001-00052).................................................................
	$
	706,243,783
	

	The Contract Price prior to this Change Order was...........................................................................................
	$
	7,787,073,783
	

	The Aggregate Equipment Price will be changed by this Change Order in the amount of...............................
	$
	[***]
	

	The Aggregate Labor and Skills Price will be changed by this Change Order in the amount of......................
	$
	[***]
	

	The new Contract Price including this Change Order will be...........................................................................
	$
	7,789,250,599
	

Adjustment to Aggregate Equipment Price
	
			
	The original Aggregate Equipment Price was...................................................................................................
	$
	[***]

	Net change by previously authorized Change Orders (0001-00052).................................................................
	$
	[***]

	The Aggregate Equipment Price prior to this Change Order was......................................................................
	$
	[***]

	The Aggregate Equipment Price will be changed by this Change Order in the amount of...............................
	$
	[***]

	The new Aggregate Equipment Price including this Change Order will be .....................................................
	$
	[***]

Adjustment to Aggregate Labor and Skills Price
	
			
	The original Aggregate Labor and Skills Price  was..........................................................................................
	$
	[***]

	Net change by previously authorized Change Orders (0001-00052).................................................................
	$
	[***]

	The Aggregate Labor and Skills Price prior to this Change Order was.............................................................
	$
	[***]

	The Aggregate Labor and Skills Price will be changed by this Change Order in the amount of......................
	$
	[***]

	The new Aggregate Labor and Skills Price including this Change Order will be.............................................
	$
	[***]

Adjustment to Aggregate Provisional Sum
	
				
	The original Aggregate Provisional Sum was....................................................................................................
	$
	950,561,351
	

	Net change by previously authorized Change Orders (0001-00052).................................................................
	$
	(812,283,979
	)

	The Aggregate Provisional Sum prior to this Change Order was......................................................................
	$
	138,277,372
	

	The Aggregate Provisional Sum will be changed by this Change Order in the amount of...............................
	$
	—
	

	The new Aggregate Provisional Sum including this Change Order will be......................................................
	$
	138,277,372
	

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

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

Adjustment to Payment Schedule: Yes. See Exhibit 2 of this Change Order. 

Adjustment to Minimum Acceptance Criteria: N/A

Adjustment to Performance Guarantees: N/A

Adjustment to Design Basis: N/A

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

Select either A or B:

[A] This Change Order shall constitute a full and final settlement and accord and satisfaction of all effects of the change reflected in this Change Order upon the Changed Criteria and shall be deemed to compensate Contractor fully for such change.  Initials:   /s/ BT 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/ Bhupesh Thakkar

	For Owner
	 
	For Contractor

	David Craft
	 
	Bhupesh Thakkar

	Name
	 
	Name

	SVP, Engineering & Construction
	 
	SVP, Cheniere Program

	Title
	 
	Title

	July 15, 2019
	 
	June 27, 2019

	Date of Signing
	 
	Date of Signing

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