Document:

Exhibit

		
	To:
	Golar Partners Operating LLC c/o 13th Floor

One America Square
17 Crosswall London EC3N 2LB

Dear Sirs,
 

22 May 2017

Second Supplemental Letter re: $800,000,000 senior secured amortising term loan and revolving credit facility

		
	1.
	We refer to an agreement dated 27 April 2016, as supplemented and amended by a supplemental letter dated 21 July 2016, (the Facilities Agreement) made between (1) Golar Partners Operating LLC as Borrower (the Borrower), (2) Golar LNG Partners LP.  as Parent (the Parent), (3) the entities listed in Schedule 1 thereto as Guarantors, (4) Citigroup Global Markets Limited, DNB (UK) Limited, Danske Bank NS and Nordea Bank AB (publ), filial i Norge as Mandated Lead Arrangers, (5) the financial institutions listed in Schedule 1  thereto  as Lenders (the Lenders), (6) the financial institutions listed in Schedule 1 thereto as Hedging Providers, (7) Citigroup Global Markets Limited as Global Co-ordinator, (8) Citigroup Global Markets Limited, DNB (UK) Limited, Danske Bank NS and Nordea Bank AB (publ), filial i Norge as Bookrunners, (9) Nordea Bank AB (publ}, filial i Norge as Agent (the Agent),  (10) Nordea Bank AB (publ), filial i Norge as Security Agent and (11) Citigroup Global Markets Limited as Hedging Co-ordinator, pursuant to which the Lenders agreed to make available to the Borrower  a senior secured amortising term loan and revolving credit facility of up to $800,000,000.

		
	2.
	We refer also to the early termination notice received by you from Petr6Ieo Brasileiro S.A., the Time Charterer of Ship E, with respect to the early termination of the Time Charter relating to Ship E, expected to take place on 23 June 2017 (the actual date of such early termination hereinafter referred to as the Early Termination Date).

		
	3.
	Under clause 30.21.2(b) of the Facilities Agreement, you can either make a prepayment, provide additional security or enter into a Replacement Charter in respect of Ship E, each as further provided for in such clause.

		
	4.
	As advised in your letter to us dated 26 January 2017, it is your intention to enter into a Replacement Charter in respect of Ship E, but that if a Replacement Charter is not entered into within 90 days of the Early Termination Date, you will provide additional security in the form of cash collateral. Your letter also requested an amendment to clause 6.3 of the Facility Agreement. This letter sets out, amongst other things, the terms on which such cash collateral would be provided.

		
	5.
	As a result of having received the early termination notice referred to above,  you  have requested that, with effect from the date of this letter, clauses 6.3(b)(i) and (ii) of the Facilities Agreement be deleted and replaced as follows:

"(i) a new time charter in relation to Ship E is entered into with a charterer acceptable to the Lenders and for a term of at least three calendar years at a charter rate providing a net capital rate (excluding operating costs and management fees)  of  no less than  $50,000 per day and on terms which are otherwise acceptable to Lenders acting reasonably (the Ship E Replacement Charter 1), such charter, if and when entered into,  shall  be deemed to be the Time Charter in respect of  Ship E for the purposes  of this Agreement and the other Finance Documents, the Total Revolving Loan Commitments shall be reduced by $50,000,000 which reduction shall be applied in equal amounts on the last Business Day of each calendar quarter commencing on the Second Reduction Date and ending on the final Repayment Date; or

(ii) a new time charter in relation to Ship E is entered into with a charterer acceptable to the Lenders and for a term of at least three calendar years at a charter rate (the Relevant Rate)  providing  a net capital rate (excluding  operating  costs  and management  fees) of

less than $50,000 per day and on terms which are otherwise acceptable to the Lenders acting reasonably (the Ship E Replacement Charter 2 and the Ship E Replacement Charter 1 and the Ship E Replacement Charter 2, each a Ship E Replacement Charter), such charter, if and when entered into, shall be deemed to be the Time Charter in respect of Ship E for the purposes of this Agreement and the other Finance Documents, the Total Revolving Loan Commitments shall be reduced by $50,000,000 which reduction shall be applied, first, by an amount in dollars equal to "X" (as defined below) on the Second Reduction Date and thereafter in equal amounts on the last Business Day of  each calendar quarter commencing three months after the Second Reduction Date and ending on the final Repayment Date;

where:

"X" = the Relevant Percentage x $50,000,000; and

the "Relevant Percentage" = 1 - (Relevant Rate/ 50,000)",

however, to the extent that the Early Termination Date does not occur for any reason and the current Time Charter relating to Ship E continues, then the provisions of this clause shall be disapplied and the original wording of clause 6.3(b) in the Facilities Agreement shall be reinstated.

		
	6.
	If you have not procured the execution of a Replacement Charter in respect of Ship E in accordance with clause 30.21.2(b)(iii) of the Facilities Agreement (it being hereby agreed that either Ship E Replacement Charter would be a Replacement Charter for the purposes of such clause)  within the 90 day period after the Early Termination  Date as provided  for under clause

30.21.2 of the Facilities Agreement, you shall, subject  to no Event  of Default having occurred and being continuing, put in place the following arrangements for the provision of additional security for the purposes of clause 30.21.2(b)(ii) of the Facilities Agreement on the following terms:

		
	(a)
	the Borrower shall, no later than the expiry of the 90 day period after the  Early Termination Date as provided for under clause 30.21.2 of the  Facilities  Agreement, procure that (A) cash collateral in the sum of $40,000,000 (the Cash Collateral) shall be paid into an Account in the name of Golar Spirit Corporation (the Blocked Account), (B) the Blocked Account is secured in favour of the Security Agent, either by the existing Account Security amended as required to cover  the Blocked  Account,  or, if required by the Agent, by a new Account Security in favour of the Security Agent substantially in the same form as the existing Account Security and (c) if new Account Security is provided, such corporate authorisations and other documents or evidence in respect of Golar Spirit Corporation of the nature described in Schedule 3 Part 1 paragraphs 1 (except sub­ paragraph (f) thereof), 2, 3(a) and 5 to the Facilities Agreement as the Agent may reasonably require;

		
	(b)
	on and from the date on which the Cash Collateral is deposited in the Blocked Account and whilst any such Cash Collateral remains on the Blocked Account,  it shall be applied by the Agent towards (i) the relevant portion of the repayment  instalments  of the Term loan Facility relating to Golar Spirit (the relevant portion being 13.6 per cent of the total amount due) due during such time, and (ii) any amounts payable as a result of the scheduled reductions of the Revolving loan Facility under clause 6.3(b) of the Facilities Agreement during such time and, in each case, any interest accrued and  accruing thereon; and

		
	(c)
	any Cash Collateral Balance standing to the credit of the Blocked Account shall  be released if Golar Spirit Corporation or Golar Spirit UK Ltd. enters into a Replacement Charter (which includes a Ship E Replacement Charter) at any time prior to the Final Repayment Date,

where:

"Cash Collateral Balance" means:

		
	(A)
	(at any time before the Second Reduction Date) any balance of the Cash Collateral standing to the credit of the Blocked  Account less X (as defined in clause 6.3(b)(ii) of the Facilities Agreement); and

		
	(B)
	(at any time after amounts required to be paid on the Second Reduction Date have been paid) any balance of the Cash Collateral standing to the credit of the Blocked Account.

For the avoidance of doubt:

		
	(a)
	during the 90 day period after the Early Termination  Date,  no "Default"  shall  arise by virtue of you not having either (a) provided a Replacement  Charter in respect of Ship E or

		
	(b)
	paid the Cash Collateral to the Blocked Account; and

(b)  if an amount  of the Cash Collateral is retained pursuant  to (A) above, then,  if  it has not  been necessary for such retained amount to be applied to prepay the Revolving Loan Facility on the Second Reduction Date, then such amount shall be  released  on  the Second Reduction Date.

		
	7.
	We Nordea Bank AB (publ), filial i Norge, in our capacity as Agent, hereby confirm that, subject  to:

		
	(a)
	your countersignature of this letter by duly authorised signatories;

		
	(b)
	delivery of such evidence of corporate authority of the Borrower as the Agent may reasonably  require; and

		
	(c)
	receipt by us (for distribution to the Lenders pro rata according to their proportion of the drawn and undrawn commitments as at 21 February 2017) of a consent fee of 0.075% of the aggregate of (i) the principal outstanding amount of the Term Loan plus (ii) the Total Revolving Loan Commitments each as at 21  February 2017,

we agree to the above amendments  and proposals.

		
	8.
	This letter shall be deemed to be a Finance Document.

		
	9.
	Words and expressions defined in the Facilities Agreement shall, unless the context otherwise requires or unless defined herein have the same meanings when used in this letter.

		
	10.
	This letter and any non-contractual obligations connected with it are governed by and construed in accordance with the laws of England.

Yours faithfully,

/s/ Vivian J Borseth                           /s/ Per Finn-Hansen                         
Name: Vivian J Borseth            Name: Per Finn-Hansen
Title: Director

For and on behalf of
NORDEA BANK AB (PUBL), FILIAL I NORGE 
(as Lender, Arranger, Agent and Security Agent for and on behalf of the Finance Parties)

/s/ Oliver Baerwald                         
Name: Oliver Baerwald
Title: Managing Director

For and on behalf of
CITIGROUP GLOBAL MARKETS LIMITED
(as Arranger, Bookrunner, Global Co-ordinator, Hedging Co-ordinator and Hedging Provider)

/s/ Kay Newman                               /s/ David Hopwood                         
Name: Kay Newman            Name: Kay Newman
Title: Authorised Signatory            Title: Authorised Signatory

For and on behalf of
DNB (UK) LIMITED
(as Lender, Arranger and Bookrunner)

/s/ Tom Erik Vagen                            
Name: Tom Erik Vagen         
Title: Senior Vice President         

For and on behalf of
DANSKE BANK A/S
(as Arranger, Bookrunner and Hedging Provider)

/s/ Jonathan Beasley                            
Name: Jonathan Beasley         
Title: Director

For and on behalf of
CITIBANK N.A., LONDON BRANCH
(as Lender)

/s/ Tom Erik Vagen                            
Name: Tom Erik Vagen         
Title: Senior Vice President         

For and on behalf of
DANSKE BANK, NORWEGIAN BRANCH
(as Lender)

/s/ Peter Bernard                            
Name: Peter Bernard    
Title: Deputy Managing Director

For and on behalf of
DVB BANK AMERICA N.V.
(as Lender and Hedging Provider)

/s/ Will Barrand                            
Name: Will Barrand         

For and on behalf of
COMMONWEALTH BANK OF AUSTRALIA
(as Lender and Hedging Provider)

/s/ Peder Garmefelt                           /s/ Penny Neville-Park                            
Name: Peder Garmefelt        Name: Penny Neville-Park       

For and on behalf of
SKANDINAVISKA ENSKILDA BANKEN AB (publ)
(as Lender and Hedging Provider)

/s/ Jean Philippe Poirier                            
Name: Jean Philippe Poirier       

For and on behalf of
BNP PARIBAS
(as Lender and Hedging Provider)

/s/ Kay Newman                               /s/ David Hopwood                         
Name: Kay Newman            Name: David Hopwood
Title: Authorised Signatory            Title: Authorised Signatory

For and on behalf of
DNB BANK ASA
(as Lender and Hedging Provider)

/s/ Vivian J Borseth                             /s/ Per Finn-Hansen                            
Name: Vivian J Borseth        Name: Per Finn-Hansen       
Title: Director
For and on behalf of
NORDEA BANK AB (PUBL)
(as Hedging Provider)

The Borrower

We hereby confirm our agreement to the foregoing and further confirm that, notwithstanding the agreements contained In this letter, the provisions of the Facilities Agreement and the other Finance Documents continue in full force and effect and our respective obligations and the respective obligations of the Parent and each other Obligor under the Facilities Agreement and each of the other Finance Documents are and shall remain In full force and effect.

/s/ Pernille Noraas     
Name: Pernille Noraas
Title: Authorised Signatory

For and on behalf of
GOLAR PARTNERS OPERATING LLC
(as Borrower)
22 May 2017

6

BD-#27819664-v9Exhibit

		
	To:
	Golar Partners Operating LLC c/o 13th Floor

One America Square 17 Crosswall
London EC3N 2LB
29 June 2017

Dear Sirs,

Third Supplemental Letter re: $800,000,000 senior secured amortising term
Loan and revolving credit facility

		
	1.
	We refer to an agreement dated 27 April 2016, as supplemented and amended by a supplemental letter dated 21 July 2016 and a second supplemental letter dated 22 May 2017 (the Facilities Agreement) made between (1) Golar Partners Operating LLC as Borrower (the Borrower), (2) Golar LNG Partners LP. as Parent (the Parent), (3) the  entities  listed  in Schedule 1 thereto as Guarantors, (4) Citigroup Global Markets Limited, DNB (UK) Limited, Danske Bank A/S and Nordea Bank AB (publ), filial i Norge as Mandated Lead Arrangers,  (5) the financial institutions listed in Schedule 1 thereto as Lenders (the Lenders), (6) the financial institutions listed in Schedule 1 thereto as Hedging Providers, (7) Citigroup Global Markets Limited as Global Co-ordinator, (8) Citigroup Global Markets Limited, DNB (UK)  Limited, Danske Bank A/S and Nordea Bank AB (publ), filial i Norge as Bookrunners, (9) Nordea Bank AB (publ), filial i Norge as Agent (the Agent), (10) Nordea Bank AB (publ), filial i Norge as Security Agent and (11) Citigroup Global Markets Limited as Hedging Co-ordinator, pursuant to which the Lenders agreed to make available to the Borrower a senior secured amortising term loan and revolving credit facility of up to $800,000,000.

		
	2.
	We refer also to the consent request letter dated 24 May 2017 (the Consent Request Letter) requesting, inter alia, the approval of the Agent to (a) amend the Time Charter in respect of Ship A (being m.v. "Golar Freeze") (the Time Charter) substantially in the form of the amendments set out in the Addendum No. 1 to the Time Charter appended to this letter  (the  TC Amendment) pursuant to clause 26.1 of the  Facilities  Agreement  (the  Ship  A  Charter Request) and (b) lay-up each of Ship A (estimated to be around November 2017) and Ship E (being m.v. "Golar Spirit") (estimated to be around June 2017) pursuant to clause 22.8 of the Facilities Agreement (each a Lay-Up Request). You have also requested the approval of the Agent to the termination of the Bareboat Charter relating to Ship A pursuant to clause 26.3 of the Facilities Agreement, if the Ship A Owner deems it necessary or desirable to do so in connection with the redeployment of Ship A as referred to in the Consent Request Letter (the Ship A Bareboat Charter Request).

		
	3.
	In order to incentivise the Lenders to accept the Ship A Charter Request and the Ship A Bareboat Charter Request, you have advised  that you are willing to undertake to put in place the following arrangements for the provision of additional security:

		
	(a)
	the Borrower shall procure that (i) on the Repayment Date falling during August 2017 and on each date falling quarterly thereafter up to and including the Repayment Date falling in February 2019, cash collateral in the sum of $1,920,000 per quarter (the Cash Collateral) is paid to the credit of an Account in the name of the Owner of Ship A (Golar Freeze Holding Co.) (the Blocked Account), (ii) the Blocked  Account  is  secured  in favour of the Security Agent, either by the existing Account Security amended as required to cover the Blocked Account. or, if required by the Agent, by a new Account Security in favour of the Security Agent substantially in the same form as the existing Account Security and (iii) if new Account Security is provided, such corporate authorisations and other documents or evidence in respect of Golar Freeze Holding Co. of the nature described in Schedule 3 Part 1 paragraphs 1 (except sub-paragraph (f) thereof), 2, 3(a) and 5 to the Facilities Agreement as the Agent may reasonably require shall be delivered to the Agent;

		
	(b)
	from the Repayment Date falling in May 2019 and on each date falling  quarterly thereafter up to and including  the Repayment Date falling in February  2020, an amount

BD-#28705578-v2

equal to $3,360,000 per quarter shall, unless a Default has occurred and is continuing, be released from the Blocked Account to the Ship A Owner but if Golar Freeze Holding Co. or Golar Freeze UK Ltd. (as applicable) enters into a charter commitment in respect of Ship  A  acceptable  to  the  Lenders  generating  a  total net cash  flow of  not less  than
$26,880,000 receivable at any time during the period from 30 April 2019 to the Final Repayment Date, the Security Agent shall promptly release the remaining balance of the Cash Collateral to the Ship A Owner; and

		
	(c)
	if an Event of Default shall occur and be continuing, the Agent shall be entitled to apply amounts of the Cash Collateral in or towards payment of the relevant portion of the repayment instalments of the Term Loan Facility relating to Ship A (the relevant portion being 14.7 per cent of the total amount due) and any interest accrued and accruing thereon.

		
	4.
	In consideration of the payment of US$10 by the Borrower to the Agent and other such consideration, the receipt and sufficiency of which we hereby confirm, we Nordea Bank AB (publ), filial i Norge, in our capacity as Agent, hereby confirm that, subject to:

		
	(a)
	your countersignature of this letter by duly authorised signatories;

		
	(b)
	delivery of such evidence of corporate authority of the Borrower as the Agent may reasonably require; and

		
	(c)
	receipt by us (for distribution to the Lenders) of a consent fee of $10,000 per Lender,

we agree to the Ship A Charter Request, the Ship A Bareboat Charter Request and each Lay­ Up Request.

		
	5.
	This letter shall be deemed to be a Finance Document.

		
	6.
	Words and expressions defined in the Facilities Agreement shall, unless the context otherwise requires or unless defined herein have the same meanings when used in this letter.

		
	7.
	This letter and any non-contractual obligations connected with it are governed by and construed in accordance with the laws of England.

		
	8.
	The courts of England have exclusive jurisdiction to settle any dispute arising out of or in connection with this letter or any non-contractual obligations connected with it (including a dispute regarding the existence, validity or termination of this letter) (a Dispute). The parties agree that the courts of England are the most appropriate and convenient courts to settle Disputes and, accordingly, that they shall not argue to the contrary. This paragraph 8 is for the benefit of the Finance Parties only. As a result, no Finance Party shall be prevented from taking proceedings relating to a Dispute in any other courts with jurisdiction. To the extent allowed by law, the Finance Parties may take concurrent proceedings in any number of jurisdictions.

Yours faithfully,

/s/ James Bull                               /s/ Olav Ringdal                              
Name: James Bull            Name: Olav Ringdal 
Title: Associate Director            Title: Associate Director

For and on behalf of
NORDEA BANK AB (PUBL), FILIAL I NORGE 
(as Lender, Arranger, Agent and Security Agent for and on behalf of the Finance Parties)

/s/ Oliver Baerwald                         
Name: Oliver Baerwald
Title: Managing Director

For and on behalf of
CITIGROUP GLOBAL MARKETS LIMITED
(as Arranger, Bookrunner, Global Co-ordinator, Hedging Co-ordinator and Hedging Provider)

/s/ Kay Newman                               /s/ Danielle Eastop                         
Name: Kay Newman            Name: Danielle Eastop
Title: Authorised Signatory        Title: Authorised Signatory

For and on behalf of
DNB (UK) LIMITED
(as Lender, Arranger and Bookrunner)

/s/ Einar Stavrum                               /s/ Oivind Haraldsen                                                
Name: Einar Stavrum            Name: Oivind Haraldsen     
Title: Senior Vice President            Title: Head of Shipping         

For and on behalf of
DANSKE BANK A/S
(as Arranger, Bookrunner and Hedging Provider)

/s/ Jonathan Beasley                            
Name: Jonathan Beasley         
Title: Director

For and on behalf of
CITIBANK N.A., LONDON BRANCH
(as Lender)

/s/ Einar Stavrum                               /s/ Oivind Haraldsen                                                
Name: Einar Stavrum            Name: Oivind Haraldsen     
Title: Senior Vice President            Title: Head of Shipping             

For and on behalf of
DANSKE BANK, NORWEGIAN BRANCH
(as Lender)

/s/ Kai Forster                                   /s/ John Romer                                                    
Name: Kai Forster            Name: John Romer    
Title: Senior Vice President            Title: Proxy Holder A

For and on behalf of
DVB BANK AMERICA N.V.
(as Lender and Hedging Provider)

/s/ William Ho                            
Name: William Ho
Title: Associate Director         

For and on behalf of
COMMONWEALTH BANK OF AUSTRALIA
(as Lender and Hedging Provider)

/s/ Peder Garmefelt                           /s/ Malcolm Stonehouse                         
Name: Peder Garmefelt    Name: Malcolm Stonehouse
Title: Client Executive    
For and on behalf of
SKANDINAVISKA ENSKILDA BANKEN AB (publ)
(as Lender and Hedging Provider)

/s/ Eric Dulcire                            
Name: Eric Dulcire       

For and on behalf of
BNP PARIBAS
(as Lender and Hedging Provider)

/s/ Kay Newman                               /s/ Danielle Eastop                         
Name: Kay Newman            Name: Danielle Eastop
Title: Authorised Signatory        Title: Authorised Signatory

For and on behalf of
DNB BANK ASA
(as Lender and Hedging Provider)

/s/ James Bull                                 /s/ Olav Ringdal                            
Name: James Bull        Name: Olav Ringdal       
Title: Associate Director            Title: Associate Director
For and on behalf of
NORDEA BANK AB (PUBL)
(as Hedging Provider)

4

The Borrower

We hereby confirm our agreement to the foregoing and, in particular, the undertakings contained in paragraph 3 above and further confirm that, notwithstanding the agreements  contained  in this letter, the provisions of the Facilities Agreement and the other Finance Documents continue in full force and effect and our respective obligations and the respective obligations of the Parent and each other Obligor under the Facilities Agreement and each of the other Finance Documents are and shall remain in full force and effect.

/s/ Pernille Noraas     
Name: Pernille Noraas
Title: Authorised Signatory

For and on behalf of
GOLAR PARTNERS OPERATING LLC
(as Borrower)
12 July 2017

BD-#28705578-v2
5

BD-#28705578-v2

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