Document:

Document

DESCRIPTION OF ORTHOPEDIATRICS CORP. CAPITAL STOCK

The following description summarizes some of the terms of our capital stock and certain provisions of our amended and restated certificate of incorporation and amended and restated bylaws, and the Delaware General Corporation Law, or the DGCL. Because it is only a summary, it does not contain all the information that may be important to you. For a complete description you should refer to our amended and restated certificate of incorporation, amended and restated bylaws, copies of which have been incorporated by reference as exhibits to this Annual Report on Form 10-K, as well as the relevant provisions of the DGCL.

General

Our authorized capital stock consists of 50,000,000 shares of common stock, par value $0.00025 per share, and 5,000,000 shares of preferred stock, par value $0.00025 per share.

Common Stock

At the close of business on March 9, 2021, we had 19,658,335 shares of common stock outstanding, which were owned by 187 stockholders.

Holders of our common stock are entitled to one vote for each share held of record on all matters on which stockholders are entitled to vote generally, including the election or removal of directors. The holders of our common stock do not have cumulative voting rights in the election of directors.

Upon our liquidation, dissolution or winding up and after payment in full of all amounts required to be paid to creditors and to the holders of preferred stock having liquidation preferences, if any, the holders of our common stock will be entitled to receive pro rata our remaining assets available for distribution. Holders of our common stock do not have preemptive, subscription, redemption or conversion rights. The common stock will not be subject to further calls or assessment by us. There will be no redemption or sinking fund provisions applicable to the common stock. All shares of our common stock that will be outstanding at the time of the completion of the offering will be fully paid and non-assessable. The rights, powers, preferences and privileges of holders of our common stock will be subject to those of the holders of any shares of our preferred stock we may authorize and issue in the future.

Preferred Stock

As of March 9, 2021, there were no shares of our preferred stock outstanding.

Under the terms of our amended and restated certificate of incorporation, our board of directors has the authority, without further action by our stockholders, to issue up to 5,000,000 shares of preferred stock in one or more series, to establish from time to time the number of shares to be included in each such series, to fix the dividend, voting and other rights, preferences and privileges of the shares of each wholly unissued series and any qualifications, limitations or restrictions thereon, and to increase or decrease the number of shares of any such series, but not below the number of shares of such series then outstanding.

Our board of directors may authorize the issuance of preferred stock with voting or conversion rights that could adversely affect the voting power or other rights of the holders of the common stock. The issuance of preferred stock, while providing flexibility in connection with possible acquisitions and other corporate purposes, could, among other things, have the effect of delaying, deferring or preventing a change in our control and may adversely affect the market price of the common stock and the voting and other rights of the holders of common stock.

Options and Restricted Stock

Prior to the completion of our initial public offering in October 2017, we maintained our Amended and Restated 2007 Equity Incentive Plan, or the 2007 Plan, for purposes of granting options and restricted 

stock to employees, directors and associated third-party representatives of the Company. Immediately prior to our initial public offering, a new incentive award plan, the 2017 Plan, was adopted. While we ceased making further awards under the 2007 Plan following the date the 2017 Plan became effective, any outstanding awards granted under the 2007 Plan remain outstanding, subject to the terms of our 2007 Plan and award agreements, until such outstanding awards vest and are exercised (as applicable) or until they terminate or expire by their terms.

As of December 31, 2020, options to purchase 12,802 shares of our common stock at a weighted-average exercise price of  $30.97 were outstanding, all of which were vested and exercisable as of that date. Also as of December 31, 2020, 799,969 shares of our common stock were issued or reserved for future issuance under our 2017 Incentive Award Plan.

Warrants

As of December 31, 2020, there were no warrants outstanding. 

Dividends

The DGCL permits a corporation to declare and pay dividends out of  “surplus” or, if there is no “surplus,” out of its net profits for the fiscal year in which the dividend is declared and/or the preceding fiscal year. “Surplus” is defined as the excess of the net assets of the corporation over the amount determined to be the capital of the corporation by the board of directors. The capital of the corporation is typically calculated to be (and cannot be less than) the aggregate par value of all issued shares of capital stock. Net assets equal the fair value of the total assets minus total liabilities. The DGCL also provides that dividends may not be paid out of net profits if, after the payment of the dividend, remaining capital would be less than the capital represented by the outstanding stock of all classes having a preference upon the distribution of assets.

Declaration and payment of any dividend will be subject to the discretion of our board of directors. The time and amount of dividends will be dependent upon our financial condition, operations, cash requirements and availability, debt repayment obligations, capital expenditure needs, restrictions in our debt instruments, industry trends, the provisions of Delaware law affecting the payment of distributions to stockholders and any other factors our board of directors may consider relevant.

We have never declared or paid any cash dividends on our common stock and do not intend to do so in the foreseeable future. We currently intend to retain all available funds and any future earnings to support operations and to finance the growth and development of our business. In addition, our loan agreement with Squadron contains, and the terms of any future credit agreements we enter into may contain, terms prohibiting or limiting the amount of dividends that may be declared or paid on our common stock.

Annual Stockholder Meetings

Our amended and restated certificate of incorporation and our amended and restated bylaws provide that annual stockholder meetings will be held at a date, time and place, if any, as exclusively selected by our board of directors. To the extent permitted under applicable law, we may conduct meetings by remote communications, including by webcast.

Registration Rights

Pursuant to our registration rights agreement with Squadron and certain other stockholders, or the Registration Rights Agreement, Squadron (together with any Permitted Transferee, as defined in the Registration Rights Agreement) and those other stockholders are entitled to the rights described below with respect to the registration under the Securities Act of the shares of our common stock held by Squadron and such other stockholders. These registration rights terminate when the securities subject to 

such rights have been sold pursuant to an effective registration under the Securities Act or pursuant to Rule 144 under the Securities Act. 

Demand Registration Rights

If Squadron requests in writing that we file a registration statement on Form S-1, then we may be required to register its shares. Under the terms of the Registration Rights Agreement, we will be obligated to effect at most three registrations in response to these demand registration rights. If Squadron intends to distribute their shares by means of an underwriting, the managing underwriter of such offering will have the right to limit the numbers of shares to be underwritten for reasons related to the marketing of the shares.

Piggyback Registration Rights

If we propose to register any shares of our common stock under the Securities Act, subject to certain exceptions, Squadron and certain other stockholders will be entitled to notice of the registration and to include its shares of registrable securities in the registration. If our proposed registration involves an underwriting, we, in consultation with the managing underwriter of such offering, will have the right to limit the number of shares to be underwritten for reasons related to the marketing of the shares.

Form S-3 Registration Rights

So long as we remain eligible under the Securities Act to register our shares on Form S-3, if Squadron requests in writing that we register its shares for public resale on Form S-3, we will be required to effect such registration, subject to specified exceptions, conditions and limitations, including that the shares to be registered have an anticipated net aggregate offering price of at least $5 million.

Expenses

Other than stock transfer taxes and all discounts, commissions or other amounts payable to underwriters or brokers, we will be required to pay all expenses incurred by us related to any registration effected pursuant to the exercise of these registration rights. These expenses may include all qualification fees, printers’ and accounting fees, fees and disbursements of our counsel, blue sky fees and expenses and the reasonable fees and disbursements of counsel for the selling holders of registrable securities.

Termination of Registration Rights

The registration rights terminate when the securities subject to such rights have been sold pursuant to an effective registration under the Securities Act or pursuant to Rule 144 under the Securities Act.

Anti-Takeover Effects of Provisions of Our Amended and Restated 
Certificate of Incorporation, Our Bylaws and Delaware Law

Some provisions of Delaware law, our amended and restated certificate of incorporation and our amended and restated bylaws contain provisions could make the following transactions more difficult: an acquisition of us by means of a tender offer; an acquisition of us by means of a proxy contest or otherwise; or the removal of our incumbent officers and directors. It is possible that these provisions could make it more difficult to accomplish or could deter transactions that stockholders may otherwise consider to be in their best interest or in our best interests, including transactions which provide for payment of a premium over the market price for our shares.

These provisions, summarized below, are intended to discourage coercive takeover practices and inadequate takeover bids. These provisions are also designed to encourage persons seeking to acquire control of us to first negotiate with our board of directors. We believe the benefits of the increased protection of our potential ability to negotiate with the proponent of an unfriendly or unsolicited proposal to 

acquire or restructure us outweigh the disadvantages of discouraging these proposals because negotiation of these proposals could result in an improvement of their terms.

Undesignated Preferred Stock

The ability of our board of directors, without action by the stockholders, to issue up to 5,000,000 shares of undesignated preferred stock with voting or other rights or preferences as designated by our board of directors could impede the success of any attempt to change control of us. These and other provisions may have the effect of deferring hostile takeovers or delaying changes in control or management of our company. 

Stockholder Meetings

Our amended and restated bylaws provide that a special meeting of stockholders may be called only by our chairman of the board, chief executive officer or president, or by a resolution adopted by a majority of our board of directors.

Requirements for Advance Notification of Stockholder Nominations and Proposals

Our amended and restated bylaws establish advance notice procedures with respect to stockholder proposals to be brought before a stockholder meeting and the nomination of candidates for election as directors, other than nominations made by or at the direction of the board of directors or a committee of the board of directors.

Elimination of Stockholder Action by Written Consent

Our amended and restated certificate of incorporation and amended and restated bylaws eliminate the right of stockholders to act by written consent without a meeting.

Staggered Board

Our board of directors is divided into three classes. The directors in each class will serve for a three-year term, one class being elected each year by our stockholders. This system of electing and removing directors may tend to discourage a third-party from making a tender offer or otherwise attempting to obtain control of us, because it generally makes it more difficult for stockholders to replace a majority of the directors.

Removal of Directors

Our amended and restated certificate of incorporation provides that no member of our board of directors may be removed from office by our stockholders except for cause and, in addition to any other vote required by law, upon the approval of not less than two-thirds of the total voting power of all of our outstanding voting stock then entitled to vote in the election of directors.

Stockholders Not Entitled to Cumulative Voting

Our amended and restated certificate of incorporation does not permit stockholders to cumulate their votes in the election of directors. Accordingly, the holders of a majority of the outstanding shares of our common stock entitled to vote in any election of directors can elect all of the directors standing for election, if they choose, other than any directors that holders of our preferred stock may be entitled to elect.

Delaware Anti-Takeover Statute

We are subject to Section 203 of the DGCL, which prohibits persons deemed to be “interested stockholders” from engaging in a “business combination” with a publicly held Delaware corporation for 

three years following the date these persons become interested stockholders unless the business combination is, or the transaction in which the person became an interested stockholder was, approved in a prescribed manner or another prescribed exception applies. Generally, an “interested stockholder” is a person who, together with affiliates and associates, owns, or within three years prior to the determination of interested stockholder status did own, 15% or more of a corporation’s voting stock. Generally, a “business combination” includes a merger, asset or stock sale, or other transaction resulting in a financial benefit to the interested stockholder. The existence of this provision may have an anti-takeover effect with respect to transactions not approved in advance by the board of directors.

Choice of Forum

Our amended and restated certificate of incorporation provides that, unless we consent in writing to the selection of an alternative form, the Court of Chancery of the State of Delaware will be the sole and exclusive forum for: (1) any derivative action or proceeding brought on our behalf; (2) any action asserting a claim of breach of a fiduciary duty or other wrongdoing by any of our directors, officers, employees or agents to us or our stockholders; (3) any action asserting a claim against us arising pursuant to any provision of the DGCL or our amended and restated certificate of incorporation or amended and restated bylaws; (4) any action to interpret, apply, enforce or determine the validity of our amended and restated certificate of incorporation or amended and restated bylaws; or (5) any action asserting a claim governed by the internal affairs doctrine. Our amended and restated certificate of incorporation also provides that any person or entity purchasing or otherwise acquiring any interest in shares of our capital stock will be deemed to have notice of and to have consented to this choice of forum provision. It is possible that a court of law could rule that the choice of forum provision contained in our amended and restated certificate of incorporation is inapplicable or unenforceable if it is challenged in a proceeding or otherwise. 

Amendment of Charter Provisions

The amendment of any of the above provisions, except for the provision making it possible for our board of directors to issue preferred stock, would require approval by holders of at least two-thirds of the total voting power of all of our outstanding voting stock.

The provisions of Delaware law, our amended and restated certificate of incorporation and our amended and restated bylaws could have the effect of discouraging others from attempting hostile takeovers and, as a consequence, they may also inhibit temporary fluctuations in the market price of our common stock that often result from actual or rumored hostile takeover attempts. These provisions may also have the effect of preventing changes in the composition of our board and management. It is possible that these provisions could make it more difficult to accomplish transactions that stockholders may otherwise deem to be in their best interests.

Transfer Agent and Registrar

The transfer agent and registrar for our common stock is Computershare Trust Company, N.A.

Nasdaq Listing

Our common stock is listed on the Nasdaq Global Market under the symbol “KIDS.”EX-4.1

 Exhibit 4.1 

Execution Version 
  

 
  

CHENIERE ENERGY PARTNERS, L.P. 

as Partnership, 
 and 

any Subsidiary Guarantors party hereto 

and 
 THE BANK OF NEW YORK MELLON,

 as Trustee 
 FIFTH
SUPPLEMENTAL INDENTURE 
 Dated as of March 11, 2021 

to 
 Indenture dated as of
September 18, 2017 
 4.000% Senior Notes due 2031 
  

 
  

 Table of Contents 
  

							
	 ARTICLE I RELATION TO BASE INDENTURE; DEFINITIONS
	  	 	2	 
			
	 Section 1.1
	 	Relation to Base Indenture	  	 	2	 
	 Section 1.2
	 	Generally	  	 	2	 
	 Section 1.3
	 	Definition of Certain Terms	  	 	2	 
		
	 ARTICLE II AMENDMENTS TO THE BASE INDENTURE
	  	 	2	 
			
	 Section 2.1
	 	Amendments to the Base Indenture	  	 	2	 
		
	 ARTICLE III GENERAL TERMS OF THE NOTES
	  	 	4	 
			
	 Section 3.1
	 	Form	  	 	4	 
	 Section 3.2
	 	Title, Amount and Payment of Principal and Interest	  	 	5	 
	 Section 3.3
	 	Transfer and Exchange	  	 	6	 
		
	 ARTICLE IV MISCELLANEOUS PROVISIONS
	  	 	6	 
			
	 Section 4.1
	 	Ratification of Base Indenture	  	 	6	 
	 Section 4.2
	 	Trustee Not Responsible for Recitals	  	 	6	 
	 Section 4.3
	 	Table of Contents, Headings, etc	  	 	6	 
	 Section 4.4
	 	Counterpart Originals	  	 	6	 
	 Section 4.5
	 	Governing Law	  	 	7	 
	 Section 4.6
	 	Trust Indenture Act Controls	  	 	7	 

  
 i 

 THIS FIFTH SUPPLEMENTAL INDENTURE dated as of March 11, 2021 (this “Fifth
Supplemental Indenture”), is among Cheniere Energy Partners, L.P., a Delaware limited partnership, as issuer (the “Partnership”), Cheniere Energy Investments, LLC, Sabine Pass LNG-GP, LLC,
Sabine Pass LNG, L.P., Sabine Pass Tug Services, LLC, Cheniere Creole Trail Pipeline, L.P. and Cheniere Pipeline GP Interests, LLC, as subsidiary guarantors (the “Subsidiary Guarantors”), and The Bank of New York Mellon, a national banking
association, as trustee (the “Trustee”). 
 RECITALS: 

WHEREAS, the Partnership and the Subsidiary Guarantors have executed and delivered to the Trustee an Indenture, dated as of September 18,
2017 (the “Base Indenture” and as supplemented by the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture and this Fifth Supplemental Indenture, the “Indenture”), providing for the
issuance by the Partnership from time to time of its notes to be issued in one or more series unlimited as to principal amount, including the issuance of the Initial Notes (as defined below); 

WHEREAS, the Partnership has duly authorized and desires to cause to be established pursuant to the Base Indenture and this Fifth Supplemental
Indenture a new series of notes; 
 WHEREAS, Sections 2.01 and 2.04 of the Base Indenture permit the execution of indentures supplemental
thereto to establish the form and terms of notes of any series; 
 WHEREAS, pursuant to Section 9.01 of the Base Indenture, the
Partnership has requested and hereby requests that the Trustee join in the execution of this Fifth Supplemental Indenture to establish the form and terms of the Notes (as defined below) and the Trustee is authorized to execute and deliver this Fifth
Supplemental Indenture; 
 WHEREAS, all things necessary have been done to make the Notes, when executed by the Partnership and
authenticated and delivered hereunder and under the Base Indenture and duly issued by the Partnership, the valid obligations of the Partnership and the Subsidiary Guarantors, and to make this Fifth Supplemental Indenture a valid agreement of the
Partnership and the Subsidiary Guarantors enforceable in accordance with its terms. 
 NOW, THEREFORE, in consideration of the premises,
agreements and obligations set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree, for the equal and proportionate benefit of all Holders of the
Notes, as follows: 

  
 1 

 ARTICLE I 

RELATION TO BASE INDENTURE; DEFINITIONS 

Section 1.1 Relation to Base Indenture. 

With respect to the Notes (as defined below), this Fifth Supplemental Indenture constitutes an integral part of the Base Indenture. 

Section 1.2 Generally. 
 The rules of
interpretation set forth in the Base Indenture shall be applied hereto as if set forth in full herein. 
 Section 1.3 Definition of Certain
Terms 
 Capitalized terms used herein and not otherwise defined herein shall have the respective meanings ascribed to them in the Base
Indenture. 
 ARTICLE II 

AMENDMENTS TO THE BASE INDENTURE 

Section 2.1 Amendments to the Base Indenture 

(a) Section 2.04 of the Base Indenture is hereby amended and restated as follows: 

Section 2.04 Execution, Authentication, Delivery and Dating. At least one Officer of the Partnership (or, in the
case the Partnership is a limited partnership, the General Partner, acting on behalf of the Partnership) shall sign the Notes on behalf of the Partnership by manual, “pdf” or other electronically imaged signature. 

If an Officer of the Partnership (or, in the case the Partnership is a limited partnership, the General Partner, acting on behalf of the
Partnership) whose signature is on a Note no longer holds that office at the time the Note is authenticated, the Note shall be valid nevertheless. 

A Note shall not be entitled to any benefit under this Indenture or the related Guarantees or be valid or obligatory for any purpose until
authenticated by the manual, “pdf” or other electronically imaged signature of an authorized signatory of the Trustee, which signature shall be conclusive evidence that the Note has been authenticated under this Indenture. Notwithstanding
the foregoing, if any Note has been authenticated and delivered hereunder but never issued and sold by the Partnership, and the Partnership delivers such Note to the Trustee for cancellation as provided in Section 2.13, together with a written
statement (which need not comply with Section 12.05 and need not be accompanied by an Opinion of Counsel) stating that such Note has never been issued and sold by the Partnership, for all purposes of this Indenture such Note shall be deemed
never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture or the related Guarantees. 

  
 2 

 At any time and from time to time after the execution and delivery of this Indenture, the
Partnership may deliver Notes of any series executed by the Partnership and each Subsidiary Guarantor to the Trustee for authentication, and the Trustee shall authenticate and deliver such Notes for original issue upon a Partnership Order for the
authentication (an “Authentication Order”) and delivery of such Notes or pursuant to such procedures acceptable to the Trustee as may be specified from time to time by Partnership Order. Such order shall specify the amount of the
Notes to be authenticated, the date on which the original issue of Notes is to be authenticated, the name or names of the initial Holder or Holders and any other terms of the Notes of such series not otherwise determined. If provided for in such
procedures, such Partnership Order may authorize (1) authentication and delivery of Notes of such series for original issue from time to time, with certain terms (including, without limitation, the Maturity date or dates, original issue date or
dates and interest rate or rates) that differ from Note to Note and (2) may authorize authentication and delivery pursuant to oral or electronic instructions from the Partnership or its duly authorized agent, which instructions shall be
promptly confirmed in writing. 
 If the form or terms of the Notes of the series have been established in or pursuant to one or more Board
Resolutions as permitted by Section 2.01, in authenticating such Notes, and accepting the additional responsibilities under this Indenture in relation to such Notes, the Trustee shall be entitled to receive (in addition to the Partnership Order
referred to above and the other documents required by Section 12.04), and (subject to Section 7.01) shall be fully protected in relying upon: 

(a) an Officer’s Certificate setting forth the Board Resolution and, if applicable, an appropriate record of any action
taken pursuant thereto, as contemplated by the last paragraph of Section 2.01; and 
 (b) an Opinion of Counsel to the
effect that: 
 (1) the form of such Notes has been established in conformity with the provisions of this Indenture; 

(2) the terms of such Notes have been established in conformity with the provisions of this Indenture; and 

(3) that, when authenticated and delivered by the Trustee and issued by the Partnership in the manner and subject to any
conditions specified in such Opinion of Counsel, such Notes and the related Guarantees will constitute valid and binding obligations of the Partnership and the Subsidiary Guarantors, respectively, enforceable against the Partnership and the
Subsidiary Guarantors, respectively, in accordance with their respective terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other similar laws in
effect from time to time affecting the rights of creditors generally, and the application of general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 

If all the Notes of any series are not to be issued at one time, it shall not be necessary to deliver an Officer’s Certificate and
Opinion of Counsel at the time of issuance of each such Note, but such Officer’s Certificate and Opinion of Counsel shall be delivered at or before the time of issuance of the first Note of the series to be issued. 

  
 3 

 The Trustee shall not be required to authenticate such Notes if the issuance of such Notes
pursuant to this Indenture would affect the Trustee’s own rights, duties or immunities under the Notes and this Indenture or otherwise in a manner not reasonably acceptable to the Trustee. 

The Trustee may appoint an authenticating agent acceptable to the Partnership to authenticate Notes. Unless limited by the terms of such
appointment, an authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an
Agent to deal with the Partnership, any Subsidiary Guarantor or an Affiliate of the Partnership or any Subsidiary Guarantor. 
 Each Note
shall be dated the date of its authentication. 
 (b) Section 10.02 of the Base Indenture is hereby amended and restated as follows:

 Section 10.02 Execution and Delivery of Guarantee. As evidence of the Guarantee set forth in
Section 10.01, each of the Subsidiary Guarantors shall hereby execute this Indenture, a Supplemental Indenture in the form of Exhibit A creating a new series of Notes or a Supplemental Indenture in the form of Exhibit C adding a new Subsidiary
Guarantor, by either manual, “pdf” or other electronically imaged signature of an Officer of the Partnership (or, in the case the Partnership is a limited partnership, the General Partner, acting on behalf of the Partnership) or the
Subsidiary Guarantor. If any Officer of the Partnership (or, in the case the Partnership is a limited partnership, the General Partner, acting on behalf of the Partnership) or the Subsidiary Guarantor, whose signature is on this Indenture or a
Supplemental Indenture no longer holds that office at the time the Trustee authenticates the applicable Note or at any time thereafter, the Guarantee of such Note shall be valid nevertheless. The delivery of any Note by the Trustee, after the
authentication thereof hereunder, shall constitute due delivery of the Guarantee set forth in this Indenture on behalf of the Subsidiary Guarantors. The Trustee hereby accepts the trusts in this Indenture upon the terms and conditions herein set
forth. 
 ARTICLE III 

GENERAL TERMS OF THE NOTES 

Section 3.1 Form. 
 The Notes and the
Trustee’s certificates of authentication included therein shall be substantially in the form set forth on Exhibit A-1 or Exhibit A-2 to this Fifth
Supplemental Indenture, which are hereby incorporated into this Fifth Supplemental Indenture. The terms and provisions contained in the Notes shall constitute, and are hereby expressly made, a part of this Fifth Supplemental Indenture and to the
extent applicable, the Partnership, the Subsidiary Guarantors and the Trustee, by their execution and delivery of this Fifth Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. 

  
 4 

 The Notes shall be issued upon original issuance in whole in the form of one or more Global
Notes. Each Global Note shall represent such of the outstanding Notes as shall be specified therein and shall provide that it shall represent the aggregate amount of outstanding Notes from time to time endorsed thereon and that the aggregate amount
of outstanding Notes represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. 

The Partnership initially appoints The Depository Trust Company to act as Depositary with respect to the Global Notes. 

Section 3.2 Title, Amount and Payment of Principal and Interest. 
  

	 	(a)	 The Notes shall be entitled the “4.000% Senior Notes due 2031”. The Trustee shall authenticate and
deliver (i) the Notes for original issue on the date hereof (the “Initial Notes”) in the aggregate principal amount of $1,500,000,000, and (ii) additional Notes (the “Additional Notes”) for original issue from time to
time after the date hereof in such principal amounts as may be specified in a Partnership Order described in this paragraph, which will be part of the same series as the Initial Notes and which will have the same terms (except for the issue date,
issue price and, in some cases, the initial interest accrual date and the first Interest Payment Date), in each case upon a Partnership Order for the authentication and delivery thereof and satisfaction of the other provisions of Section 2.04
of the Base Indenture (as amended by Section 2.1(a) hereof). Such order shall specify the amount of the Notes to be authenticated, the date on which the original issue of Notes is to be authenticated, and the name or names of the initial Holder
or Holders. The aggregate principal amount of Notes that may be outstanding at any time may not exceed $1,500,000,000 plus such additional principal amounts as may be issued and authenticated pursuant to clause (ii) of this paragraph (except as
provided in Section 2.09 of the Indenture). The Initial Notes and any Additional Notes issued and authenticated pursuant to clause (ii) of this paragraph shall constitute a single series of notes for all purposes under the Indenture
(collectively, the “Notes”). 

  

	 	(b)	 The principal amount of each Note shall be payable on March 1, 2031. Each Note shall bear interest from
the date of original issuance, or the most recent date to which interest has been paid, at the fixed rate of 4.000% per annum. The dates on which interest on the Notes shall be payable shall be March 1 and September 1 of each year,
commencing September 1, 2021 (the “Interest Payment Dates”). The regular record date for interest payable on the Notes on any Interest Payment Date shall be February 15 and August 15, as the case may be, next preceding such
Interest Payment Date. 

  

	 	(c)	 Payments of principal of, premium, if any, and interest due on the Notes representing Global Notes on any
Interest Payment Date or at maturity will be made available to the Trustee by 10:00 a.m., New York City time, on such date, unless such date falls on a day which is not a Business Day, in which case such payments will be made available to the
Trustee by 10:00 a.m., New York City time, on the next Business Day. As soon as possible thereafter, the Trustee will make such payments to the Depositary. 

  
 5 

 Section 3.3 Transfer and Exchange. 

The transfer and exchange of Global Notes or beneficial interests therein shall be effected through the Depositary, in accordance with
Section 2.08 of the Base Indenture and the rules and procedures of the Depositary therefor, which shall include restrictions on transfer comparable to those set forth therein and herein to the extent required by the Securities Act of 1933, as
amended. 
 ARTICLE IV 

MISCELLANEOUS PROVISIONS 
 Section 4.1
Ratification of Base Indenture. 
 The Base Indenture, as supplemented by this Fifth Supplemental Indenture, is in all respects
ratified and confirmed, and this Fifth Supplemental Indenture shall be deemed part of the Base Indenture in the manner and to the extent herein and therein provided. 

Section 4.2 Trustee Not Responsible for Recitals. 

The recitals contained herein and in the Notes, except with respect to the Trustee’s certificates of authentication, shall be taken as the
statements of the Partnership, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representations as to the validity, adequacy or sufficiency of this Fifth Supplemental Indenture or of the Notes. The
Trustee shall not be accountable for the use or application by the Partnership of the Notes or of the proceeds thereof. 
 Section 4.3 Table of
Contents, Headings, etc. 
 The table of contents and headings of the Articles and Sections of this Fifth Supplemental Indenture have
been inserted for convenience of reference only, are not to be considered a part hereof and shall in no way modify or restrict any of the terms or provisions hereof. 

Section 4.4 Counterpart Originals. 

This Fifth Supplemental Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts
shall together constitute but one and the same instrument. The exchange of copies of this Fifth Supplemental Indenture and of signature pages that are executed by manual signatures that are scanned, photocopied or faxed or by other electronic
signing created on an electronic platform (such as DocuSign) or by digital signing (such as Adobe Sign), in each case that is approved by the Trustee, shall constitute effective execution and delivery of this Fifth Supplemental Indenture for all
purposes. Signatures of the parties hereto that are executed by manual signatures that are scanned, photocopied or faxed or by other electronic signing created on an electronic platform (such as DocuSign) or by digital signing (such as Adobe Sign),
in each case that is approved by the Trustee, shall be deemed to be their original signatures for all purposes of this Fifth Supplemental Indenture as to the parties hereto and may be used in lieu of the original. 

  
 6 

 Anything in this Fifth Supplemental Indenture to the contrary notwithstanding, for the purposes of the
transactions contemplated by this Fifth Supplemental Indenture and any document to be signed in connection with the Indentures or this Fifth Supplemental Indenture (including amendments, waivers, consents and other modifications, Officer’s
Certificates, Partnership Orders and Opinions of Counsel and other issuance, authentication and delivery documents) or the transactions contemplated hereby may be signed by manual signatures that are scanned, photocopied or faxed or other electronic
signatures created on an electronic platform (such as DocuSign) or by digital signature (such as Adobe Sign), in each case that is approved by the Trustee, and contract formations on electronic platforms approved by the Trustee, and the keeping of
records in electronic form, are hereby authorized, and each shall be of the same legal effect, validity or enforceability as a manually executed signature in ink or the use of a paper-based recordkeeping system, as the case may be. 

Section 4.5 Governing Law. 
 THIS
FIFTH SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 Section 4.6
Trust Indenture Act Controls. 
 Upon registration of the Notes in accordance with the Registration Rights Agreement, if any provision
of the Supplemental Indenture limits, qualifies, or conflicts with another provision that is required to be included in the Indenture by the TIA, the required provision shall control. 

(Signature Pages Follow) 

  
 7 

 IN WITNESS WHEREOF, the parties hereto have caused this Fifth Supplemental Indenture to be
duly executed as of the day and year first above written. 
  

			
	CHENIERE ENERGY PARTNERS, L.P.
	By its general partner, CHENIERE ENERGY PARTNERS GP, LLC
		
	By:	 	 /s/ Zach Davis

		 	Name: Zach Davis
		 	 Title:   Senior Vice President and Chief

            Financial Officer

	
	CHENIERE ENERGY INVESTMENTS, LLC
		
	By:	 	 /s/ Zach Davis

		 	Name: Zach Davis
		 	Title:   President and Chief Financial Officer
	
	SABINE PASS LNG-GP, LLC
		
	By:	 	 /s/ Zach Davis

		 	Name: Zach Davis
		 	Title:   Chief Financial Officer
	
	SABINE PASS LNG, L.P.
	By its general partner, SABINE PASS LNG-GP, LLC
		
	By:	 	 /s/ Zach Davis

		 	Name: Zach Davis
		 	Title:   Chief Financial Officer

 [Signature Page to Fifth Supplemental Indenture] 

 
			
	SABINE PASS TUG SERVICES, LLC
		
	By:	 	 /s/ Zach Davis

		 	Name: Zach Davis
		 	Title:   Chief Financial Officer
	
	CHENIERE PIPELINE GP INTERESTS, LLC
		
	By:	 	 /s/ Zach Davis

		 	Name: Zach Davis
		 	Title:   President and Chief Financial Officer
	
	CHENIERE CREOLE TRAIL PIPELINE, L.P.
		
	By:	 	 /s/ Zach Davis

		 	Name: Zach Davis
		 	Title:   Chief Financial Officer

 [Signature Page to Fifth Supplemental Indenture] 

 
			
	 THE BANK OF NEW YORK MELLON,
 as
Trustee

		
	By:	 	 /s/ Esther Antoine

		 	Name: Esther Antoine
		 	Title:   Vice President

 [Signature Page to Fifth Supplemental Indenture] 

 EXHIBIT A-1 

FORM OF NOTE 
 [FACE OF
NOTE] 
 [Insert the Global Note Legend, if applicable pursuant to the provisions of the Indenture] [Insert the Private Placement Legend, if
applicable pursuant to the provisions of the Indenture] 
  

					
	No.	  	 	$	 

 CUSIP: 16411QAH4 

ISIN: US16411QAH48 
 CHENIERE
ENERGY PARTNERS, L.P. 
 4.000% SENIOR NOTES DUE 2031 

CHENIERE ENERGY PARTNERS, L.P., a Delaware limited partnership (the “Partnership,” which term includes any successor under
the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co.* or its registered assigns, the principal sum of [ ] U.S. dollars ($[ ]), [or such greater or lesser principal sum as is shown on the attached
Schedule of Increases and Decreases in Global Note]*, on March 1, 2031 in such coin and currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts, and to pay interest
thereon at an annual rate of 4.000% payable on March 1 and September 1 of each year, to the person in whose name the Note is registered at the close of business on the record date for such interest, which shall be the preceding
February 15 and August 15, respectively, payable commencing on September 1, 2021, with interest accruing from March 11, 2021, or the most recent date to which interest shall have been paid. 

 

	*	 To be included in a Global Note. 

Reference is made to the further provisions of this Note set forth on the reverse hereof. Such further provisions shall for all purposes have
the same effect as though fully set forth at this place. 
 The statements in the legends set forth in this Note are an integral part of the
terms of this Note and by acceptance hereof the Holder of this Note agrees to be subject to, and bound by, the terms and provisions set forth in each such legend. 

This Note is issued in respect of a series of Notes of an initial aggregate principal amount of $1,500,000,000 designated as the 4.000% Senior
Notes due 2031 of the Partnership (the “4.000% Series Notes”) and is governed by the Indenture dated as of September 18, 2017 (the “Base Indenture”), duly executed and delivered by the Partnership, as issuer,
the subsidiary 

  
 A-1-1 

 
guarantors party thereto and The Bank of New York Mellon, as trustee (the “Trustee”) as supplemented by the Fifth Supplemental Indenture dated as of March 11, 2021, duly
executed by the Partnership, the Subsidiary Guarantors party thereto and the Trustee (the “Fifth Supplemental Indenture”, and together with the Base Indenture, the “Indenture”). The terms of the Indenture are
incorporated herein by reference. “Subsidiary Guarantors” as used herein shall mean Cheniere Energy Investments, LLC, Sabine Pass LNG-GP, LLC, Sabine Pass LNG, L.P., Sabine Pass Tug Services, LLC,
Cheniere Creole Trail Pipeline, L.P. and Cheniere Pipeline GP Interests, LLC. This Note shall in all respects be entitled to the same benefits as Definitive Notes under the Indenture. 

Upon registration of the Notes in accordance with the applicable registration rights agreement, if and to the extent any provision of the
Indenture limits, qualifies or conflicts with any other provision of the Indenture that is required to be included in the Indenture or is deemed applicable to the Indenture by virtue of the provisions of the Trust Indenture Act of 1939, as amended
(the “TIA”), such required provision shall control. 
 This Note shall not be valid or become obligatory for any purpose
until the Trustee’s Certificate of Authentication hereon shall have been manually signed by the Trustee under the Indenture. 

  
 A-1-2 

 IN WITNESS WHEREOF, the parties hereto have caused this instrument to be duly executed by
its sole General Partner. 
 Dated: March 11, 2021 

 

			
	CHENIERE ENERGY PARTNERS, L.P.
	
	By its general partner, CHENIERE ENERGY PARTNERS GP, LLC
		
	By:	 	
                     

	Name:	 	
	Title:	 	

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION: 

This is one of the Debt Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

			
	 THE BANK OF NEW YORK MELLON,
  

as Trustee

		
	By:	 	
                 

		 	Authorized Signatory

  
 A-1-3 

 [REVERSE OF NOTE] 

CHENIERE ENERGY PARTNERS, L.P. 

4.000% SENIOR NOTES DUE 2031 

This Note is one of a duly authorized series of the 4.000% Series Notes hereinafter specified, all issued or to be issued under and pursuant
to the Indenture, to which Indenture reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Partnership and the Holders of the 4.000% Series Notes. 

 

	 	1.	 Interest. 

The Partnership promises to pay interest in cash on the principal amount of this Note at the rate of 4.000% per annum until maturity and shall
pay the Additional Interest, if any, payable pursuant to Section 6 of the Registration Rights Agreement referred to below. 
 The
Partnership will pay interest and Additional Interest, if any, semi-annually in arrears on March 1 and September 1 of each year, or if such day is not a Business Day, on the next succeeding Business Day (each an “Interest Payment
Date”), commencing September 1, 2021. Interest on the 4.000% Series Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid on the Notes, from March 11, 2021. Interest will be
computed on the basis of a 360-day year consisting of twelve 30-day months. The Partnership shall pay interest (including post-petition interest in any proceeding under
any applicable bankruptcy laws) on overdue installments of interest (without regard to any applicable grace period) and on overdue principal and premium, if any, from time to time on demand at the same rate per annum, in each case to the extent
lawful. 
  

	 	2.	 Method of Payment. 

The Partnership shall pay interest on the 4.000% Series Notes (except Defaulted Interest) and Additional Interest, if any, to the persons who
are the registered Holders at the close of business on February 15 and August 15 immediately preceding the Interest Payment Date. Any such interest not so punctually paid or duly provided for (“Defaulted Interest”) may be
paid to the persons who are registered Holders at the close of business on a special record date for the payment of such Defaulted Interest, or in any other lawful manner not inconsistent with the requirements of any securities exchange on which
such 4.000% Series Notes may then be listed if such manner of payment shall be deemed practicable by the Trustee, as more fully provided in the Indenture. The Partnership shall pay principal, premium, if any, and interest and Additional Interest, if
any, in such coin or currency of the United States of America as at the time of payment shall be legal tender for payment of public and private debts. Payments in respect of a Global Note (including principal, premium, if any, interest and
Additional Interest) will be made by wire transfer of immediately available funds to the accounts specified by the Depositary. Payments in respect of 4.000% Series Notes in definitive form (including principal, premium, if any, and interest) will be
made at the office or agency of the Partnership maintained for such purpose, which initially will be at the office of the Paying Agent and Registrar, or, at the option of the Partnership, payment of interest or Additional Interest may be made by
check mailed to the Holders on the relevant record date at their addresses set forth in the register of Holders maintained by the Registrar or at the 

  
 A-1-1 

 
option of the Holder, payment of interest on 4.000% Series Notes in definitive form will be made by wire transfer of immediately available funds to any account maintained in the United States,
provided such Holder has requested such method of payment and provided timely wire transfer instructions to the Paying Agent. The Holder must surrender this Note to a Paying Agent to collect payment of principal. 

 

	 	3.	 Paying Agent and Registrar. 

Initially, The Bank of New York Mellon will act as Paying Agent and Registrar. The Partnership may change any Paying Agent or Registrar at any
time upon notice to the Trustee and the Holders. The Partnership may act as Paying Agent. 
  

	 	4.	 Indenture. 

This Note is one of a duly authorized issue of Notes of the Partnership issued and to be issued in one or more series under the Indenture. 

Capitalized terms herein are used as defined in the Indenture unless otherwise defined herein. The terms of the 4.000% Series Notes include
those stated in the Base Indenture, those made part of the Indenture by reference to the TIA, as in effect on the date of the Base Indenture, and those terms stated in the Fifth Supplemental Indenture. The 4.000% Series Notes are subject to all such
terms (including the Guarantees set forth in Article X of the Base Indenture), and Holders of 4.000% Series Notes are referred to the Base Indenture, the Fifth Supplemental Indenture and the TIA for a statement of them. The 4.000% Series Notes are
limited to an initial aggregate principal amount of $1,500,000,000; provided, however, that the authorized aggregate principal amount of such series may be increased from time to time as provided in the Fifth Supplemental Indenture. 

 

	 	5.	 Redemption. 

At any time prior to March 1, 2024, the Partnership may on any one or more occasions redeem up to 35% of the aggregate principal amount of
the 4.000% Series Notes, upon not less than 10 nor more than 60 days’ notice, at a redemption price of 104.000% of the principal amount of the 4.000% Series Notes redeemed, plus accrued and unpaid interest, if any, to but excluding the
redemption date (subject to the rights of Holders on the relevant record date to receive interest due on the relevant Interest Payment Date), with the proceeds of one or more Equity Offerings; provided that: 

 

	 	(1)	 at least 65% of the aggregate principal amount of the 4.000% Series Notes issued on the Issue Date (excluding
4.000% Series Notes held by the Partnership and its Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and 

  

	 	(2)	 the redemption occurs within 120 days of the date of the closing of such Equity Offering.

 At any time prior to March 1, 2026, the Partnership may on any one or more occasions redeem all or a part of the
4.000% Series Notes, upon not less than 10 nor more than 60 days’ prior notice, at a redemption price equal to 100% of the principal amount of 4.000% Series Notes redeemed, plus the Applicable Premium as of, and accrued and unpaid interest, if
any, to but excluding, the redemption date, subject to the rights of Holders on the relevant record date to receive interest due on the relevant Interest Payment Date. 

  
 A-1-2 

 Except pursuant to the preceding two paragraphs, the 4.000% Series Notes will not be
redeemable at the Partnership’s option prior to March 1, 2026. The Partnership is not prohibited, however, from acquiring the 4.000% Series Notes in market transactions by means other than a redemption, whether pursuant to a tender offer
or otherwise. 
 On or after March 1, 2026, the Partnership may on any one or more occasions redeem all or a part of the 4.000% Series
Notes upon not less than 10 nor more than 60 days’ notice, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, on the 4.000% Series Notes redeemed, to but excluding
the applicable redemption date, if redeemed during the 12-month period beginning on March 1 of the years indicated below (subject to the rights of Holders on the relevant record date to receive interest
on the relevant Interest Payment Date): 
  

					
	Year	  	Percentage	 
	 2026
	  	 	102.000	% 
	 2027
	  	 	101.333	% 
	 2028
	  	 	100.667	% 
	 2029 and thereafter
	  	 	100.000	% 

 4.000% Series Notes called for redemption become due on the redemption date. Notices of redemption will be
mailed, or delivered electronically if the 4.000% Series Notes are held at DTC, at least 10 but not more than 60 days before the redemption date to each Holder of the 4.000% Series Notes to be redeemed at its registered address. The notice of
redemption for the 4.000% Series Notes will state, among other things, the amount of 4.000% Series Notes to be redeemed, the redemption date, the method of calculating the redemption price and each place that payment will be made upon presentation
and surrender of 4.000% Series Notes to be redeemed. Unless we default in payment of the redemption price, interest will cease to accrue on any 4.000% Series Notes that have been called for redemption on the redemption date. 

In addition, any redemption pursuant to this paragraph 5 may, at the Partnership’s discretion, be subject to one or more conditions
precedent. If such redemption is subject to the satisfaction of one or more conditions precedent, the related notice shall describe each such condition, and if applicable, shall state that, in the Partnership’s discretion, the redemption date
may be delayed until such time as any or all such conditions shall be satisfied or waived (including to a date later than 60 days after the date on which such notice was mailed or delivered electronically), or such redemption may not occur and such
notice may be rescinded in the event that any or all such conditions shall not have been satisfied or waived by the redemption date, or by the redemption date as so delayed, or such notice may be rescinded at any time in the Partnership’s
discretion if in the good faith judgment of the Partnership any or all of such conditions will not be satisfied or waived. 

  
 A-1-3 

 For purposes of determining the redemption price, the following definitions are applicable:

 “Applicable Premium” means, with respect to any note on any redemption date, the greater of: 

 

	 	(1)	 1.0% of the principal amount of such note; or 

 

	 	(2)	 the excess of: 

  

	 	(a)	 the present value at such redemption date of (i) the redemption price of such 4.000% Series Notes at
March 1, 2026 (such redemption prices being set forth in the tables appearing above) plus (ii) all required remaining scheduled interest payments due on such note through March 1, 2026 (in each case excluding accrued but unpaid
interest to but excluding the redemption date), computed using a discount rate equal to the Treasury Yield as of such redemption date plus 50 basis points; over 

 

	 	(b)	 the principal amount of the note. 

“Comparable Treasury Issue” means the United States Treasury security selected by the Independent Investment Banker as having
a maturity comparable to the remaining term of the 4.000% Series Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of
comparable maturity to the remaining term of the 4.000% Series Notes to be redeemed; provided, however, that if no maturity is within three months before or after the maturity date for such 4.000% Series Notes, yields for the two published
maturities most closely corresponding to such United States Treasury security will be determined and the treasury rate will be interpolated or extrapolated from those yields on a straight line basis rounding to the nearest month. 

“Comparable Treasury Price” means, with respect to any redemption date, (a) the average of the Reference Treasury Dealer
Quotations for the redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (b) if the Independent Investment Banker obtains fewer than four Reference Treasury Dealer Quotations, the average of all such
quotations. 
 “Independent Investment Banker” means J.P. Morgan Securities LLC and its successors or, if such firm is not
willing and able to select the applicable Comparable Treasury Issue, an independent investment banking institution of national standing appointed by the Partnership. 

“Reference Treasury Dealer” means each J.P. Morgan Securities LLC and four additional primary U.S. government securities
dealers (each, a “Primary Treasury Dealer”) selected by the Partnership; provided, however, that if such firm or any such successor, as the case may be, shall cease to be a primary U.S. government securities dealer, the
Partnership will substitute therefor another Primary Treasury Dealer. 

  
 A-1-4 

 “Reference Treasury Dealer Quotations” means, with respect to each
Reference Treasury Dealer and any redemption date for the 4.000% Series Notes, an average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue for the 4.000% Series Notes to be redeemed
(expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such redemption date.

 “Treasury Yield” means, with respect to any redemption date, (a) the yield, under the heading which represents the
average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System
and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue; or (b) if
the release (or any successor release) is not published during the week preceding the calculation date or does not contain these yields, the rate per annum equal to the semi-annual equivalent yield to maturity (computed as of the third business day
immediately preceding such redemption date) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the applicable Comparable Treasury Price for such
redemption date. 
  

	 	6.	 Repurchase of Notes at the Option of the Holders upon Change of Control Triggering Event and Asset Sale
Triggering Event 

 Upon the occurrence of a Change of Control Triggering Event, each Holder shall have the right,
subject to certain conditions specified in the Indenture, to require the Partnership to repurchase all or any part of such Holder’s Notes at a purchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid
interest, on the Notes repurchased to, but excluding, the date of purchase (subject to the right of the Holders of record on the relevant record date to receive interest, if any, due on the relevant Interest Payment Date), as provided in, and
subject to the terms of, the Indenture. In accordance with Section 4.09 of the Indenture, the Partnership will be required to offer to purchase Notes upon the occurrence of certain Asset Sale Triggering Events. 

 

	 	7.	 Denominations; Transfer; Exchange. 

The 4.000% Series Notes are to be issued in registered form, without coupons, in denominations of $2,000 and integral multiples of $1,000 in
excess of $2,000. A Holder may register the transfer of, or exchange, 4.000% Series Notes in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay
any taxes and fees required by law or permitted by the Indenture. 
  

	 	8.	 Person Deemed Owners. 

The registered Holder of a Note may be treated as the owner of it for all purposes. 

 

	 	9.	 Amendment; Supplement; Waiver. 

Subject to certain exceptions, the Indenture may be amended or supplemented, and any existing Event of Default or compliance with any provision
may be waived, with the consent of the Holders of a majority in principal amount of the outstanding Debt Securities of each series affected. Without consent of any Holder of a Note, the parties thereto may amend or supplement the Indenture to, among
other things, cure any ambiguity or omission, to correct any defect or inconsistency, or to make any other change that does not adversely affect the rights of any Holder 

  
 A-1-5 

 
of a Note. Any such consent or waiver by the Holder of this Note (unless revoked as provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future Holders and
owners of this Note and any 4.000% Series Notes which may be issued in exchange or substitution herefor, irrespective of whether or not any notation thereof is made upon this Note or such other 4.000% Series Notes. 

 

	 	10.	 Additional Rights of Holders of Restricted Global Notes and Restricted Definitive Notes.

 In addition to the rights provided to Holders of Notes under the Indenture, Holders of Restricted Global Notes and
Restricted Definitive Notes will have all the rights set forth in the Registration Rights Agreement dated as of March 11, 2021, between the Partnership and the other parties named on the signature pages thereof or, in the case of Additional
Notes, Holders of Restricted Global Notes and Restricted Definitive Notes will have the rights set forth in one or more registration rights agreements, if any, among the Partnership, the Subsidiary Guarantors, if any, and the other parties thereto,
relating to rights given by the Partnership and the Subsidiary Guarantors, if any, to the purchasers of any Additional Notes (collectively, the “Registration Rights Agreement”). By such Holders’ acceptance of Restricted Global
Notes or Restricted Definitive Notes, such Holder acknowledges and agrees to the provisions of the Registration Rights Agreement, including without limitation the obligations of the Holders with respect to indemnification of the Partnership and the
Subsidiary Guarantors to the extent provided therein 
  

	 	11.	 Defaults and Remedies. 

Certain events of bankruptcy or insolvency are Events of Default that will result in the principal amount of the 4.000% Series Notes, together
with premium, if any, and accrued and unpaid interest thereon, becoming due and payable immediately upon the occurrence of such Events of Default. If any other Event of Default with respect to the 4.000% Series Notes occurs and is continuing, then
in every such case the Trustee or the Holders of not less than 33 1/3% in aggregate principal amount of the 4.000% Series Notes then outstanding may declare the principal amount of all the 4.000% Series Notes, together with premium, if any, and
accrued and unpaid interest thereon, to be due and payable immediately in the manner and with the effect provided in the Indenture. Notwithstanding the preceding sentence, however, if at any time after such a declaration of acceleration has been
made, the Holders of a majority in principal amount of the outstanding 4.000% Series Notes, by written notice to the Trustee, may rescind such declaration and annul its consequences if the rescission would not conflict with any judgment or decree of
a court already rendered and if all Events of Default with respect to the 4.000% Series Notes, other than the nonpayment of the principal, premium, if any, or interest which has become due solely by such declaration acceleration, shall have been
cured or shall have been waived. No such rescission shall affect any subsequent default or shall impair any right consequent thereon. Holders of 4.000% Series Notes may not enforce the Indenture or the 4.000% Series Notes except as provided in the
Indenture. The Trustee may require indemnity or security satisfactory to it before it enforces the Indenture or the 4.000% Series Notes. Subject to certain limitations, Holders of a majority in aggregate principal amount of the 4.000% Series Notes
then outstanding may direct the Trustee in its exercise of any trust or power. 
  

	 	12.	 Trustee Dealings with Partnership. 

The Trustee under the Indenture, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the
Partnership or its Affiliates, and may otherwise deal with the Partnership or its Affiliates as if it were not the Trustee. 

  
 A-1-6 

	 	13.	 Authentication. 

This Note shall not be valid until the certificate of authentication on the other side of this Note is authenticated by the manual,
“pdf” or other electronically imaged signature of the Trustee. 
  

	 	14.	 Abbreviations and Defined Terms. 

Customary abbreviations may be used in the name of a Holder of a Note or an assignee, such as: TEN COM (tenant in common), TEN ENT (tenants by
the entireties), JT TEN (joint tenants with right of survivorship and not as tenants in common), CUST (Custodian), and U/G/M/A (Uniform Gifts to Minors Act). 
  

	 	15.	 CUSIP Numbers. 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Partnership has caused CUSIP
numbers to be printed on the 4.000% Series Notes as a convenience to the Holders of the 4.000% Series Notes. No representation is made as to the accuracy of such number as printed on the 4.000% Series Notes and reliance may be placed only on the
other identification numbers printed hereon. 
  

	 	16.	 Absolute Obligation. 

No reference herein to the Indenture and no provision of this Note or the Indenture shall alter or impair the obligation of the Partnership,
which is absolute and unconditional, to pay the principal of, premium, if any, and interest on this Note in the manner, at the respective times, at the rate and in the coin or currency herein prescribed. 

 

	 	17.	 No Recourse. 

No director, officer, employee, limited partner or shareholder, as such, of the Partnership or the General Partner shall have any personal
liability in respect of the obligations of the Partnership under the 4.000% Series Notes, the Indenture or any Guarantee by reason of his, her or its status. Each Holder by accepting the 4.000% Series Notes waives and releases all such liability.
The waiver and release are part of the consideration for issuance of the 4.000% Series Notes. 
  

	 	18.	 Governing Law. 

This Note shall be construed in accordance with and governed by the laws of the State of New York. 

  
 A-1-7 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

			
	TEN COM - as tenants in common	  	UNIF GIFT MIN ACT -
		
		  	(Cust.)
		
	TEN ENT - as tenants by entireties	  	Custodian for:
		
		  	(Minor)
		
	 JT TEN - as joint tenants with right of

survivorship and not as tenants in common
	  	Under Uniform Gifts to Minors Act of
		
		  	(State)

 ADDITIONAL ABBREVIATIONS MAY ALSO
BE USED THOUGH NOT IN THE ABOVE LIST. 

  
 A-1-1 

 ASSIGNMENT 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

PLEASE INSERT SOCIAL SECURITY OR OTHER 
 IDENTIFYING NUMBER OF
ASSIGNEE 
 Please print or type name and address including postal zip code of assignee: 

the within Note and all rights thereunder, hereby irrevocably constituting and appointing to transfer said Note on the books of the Partnership, with full
power of substitution in the premises. 
  

			
	Dated	  	Registered Holder

  
 A-1-2 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Partnership pursuant to Section 4.08 or
Section 4.09 of the Indenture, check the appropriate box below: 
  

							
		  	☐ Section 4.08	  	☐ Section 4.09	  	
		  	[Change of Control]	  	[Asset Sale]	  	

 If you want to elect to have only part of the Note purchased by the Partnership pursuant to
Section 4.08 or 4.09 of the Indenture, state the amount you elect to have purchased: 
 $ 

Date: 
  

			
	Your Signature:	 	
                     
    

		 	(Sign exactly as your name appears on the face of this Note)
	
	Tax Identification No:

 Signature Guarantee*: 
  

 

	*	 Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to
the Trustee). 

  
 A-1-3 

 SCHEDULE OF INCREASES OR DECREASES 

IN GLOBAL NOTE* 
 The
following increases or decreases in this Global Note have been made: 
  

									
	 Date of Exchange
	 	 Amount of Decrease

in Principal Amount
 of this
Global
 Note
	 	 Amount of Increase

in Principal Amount
 of this
Global
 Note
	  	 Principal Amount of

this Global Note
 following
such
 decrease (or increase)
	  	 Signature of

authorized officer of

Trustee or Depositary

		 		 		  		  	

  

	*	 To be included in a Global Note. 

  
 A-1-4 

 EXHIBIT A-2 

FORM OF NOTE 
 [FACE OF
NOTE] 
 [Insert the Global Note Legend, if applicable pursuant to the provisions of the Indenture] [Insert the Private Placement Legend, if
applicable pursuant to the provisions of the Indenture] [Insert the Regulation S Temporary Global Note Legend, if applicable pursuant to the provisions of the Indenture] 

 

					
	No.	  	 	$	 

 CUSIP: U16353AD3 

ISIN: USU16353AD31 
 CHENIERE
ENERGY PARTNERS, L.P. 
 4.000% SENIOR NOTES DUE 2031 

CHENIERE ENERGY PARTNERS, L.P., a Delaware limited partnership (the “Partnership,” which term includes any successor under
the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co.* or its registered assigns, the principal sum of [ ] U.S. dollars ($[ ]), [or such greater or lesser principal sum as is shown on the attached
Schedule of Increases and Decreases in Global Note]*, on March 1, 2031 in such coin and currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts, and to pay interest
thereon at an annual rate of 4.000% payable on March 1 and September 1 of each year, to the person in whose name the Note is registered at the close of business on the record date for such interest, which shall be the preceding
February 15 and August 15, respectively, payable commencing on September 1, 2021, with interest accruing from March 11, 2021, or the most recent date to which interest shall have been paid. 

 

	*	 To be included in a Global Note. 

Reference is made to the further provisions of this Note set forth on the reverse hereof. Such further provisions shall for all purposes have
the same effect as though fully set forth at this place. 
 The statements in the legends set forth in this Note are an integral part of the
terms of this Note and by acceptance hereof the Holder of this Note agrees to be subject to, and bound by, the terms and provisions set forth in each such legend. 

  
 A-2-1 

 This Note is issued in respect of a series of Notes of an initial aggregate principal amount
of $1,500,000,000 designated as the 4.000% Senior Notes due 2031 of the Partnership (the “4.000% Series Notes”) and is governed by the Indenture dated as of September 18, 2017 (the “Base Indenture”), duly
executed and delivered by the Partnership, as issuer, the subsidiary guarantors party thereto and The Bank of New York Mellon, as trustee (the “Trustee”) as supplemented by the Fifth Supplemental Indenture dated as of March 11,
2021, duly executed by the Partnership, the Subsidiary Guarantors party thereto and the Trustee (the “Fifth Supplemental Indenture”, and together with the Base Indenture, the “Indenture”). The terms of the Indenture
are incorporated herein by reference. “Subsidiary Guarantors” as used herein shall mean Cheniere Energy Investments, LLC, Sabine Pass LNG-GP, LLC, Sabine Pass LNG, L.P., Sabine Pass Tug Services,
LLC, Cheniere Creole Trail Pipeline, L.P. and Cheniere Pipeline GP Interests, LLC. This Note shall in all respects be entitled to the same benefits as Definitive Notes under the Indenture. 

Upon registration of the Notes in accordance with the applicable registration rights agreement, if and to the extent any provision of the
Indenture limits, qualifies or conflicts with any other provision of the Indenture that is required to be included in the Indenture or is deemed applicable to the Indenture by virtue of the provisions of the Trust Indenture Act of 1939, as amended
(the “TIA”), such required provision shall control. 
 This Note shall not be valid or become obligatory for any purpose
until the Trustee’s Certificate of Authentication hereon shall have been manually signed by the Trustee under the Indenture. 

  
 A-2-2 

 IN WITNESS WHEREOF, the parties hereto have caused this instrument to be duly executed by
its sole General Partner. 
 Dated: March 11, 2021 

 

			
	CHENIERE ENERGY PARTNERS, L.P.
	
	By its general partner, CHENIERE ENERGY PARTNERS GP, LLC
		
	By:	 	
                     
    

	Name:	 	
	Title:	 	

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION: 

This is one of the Debt Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

			
	 THE BANK OF NEW YORK MELLON,
  

as Trustee

		
	By:	 	
                     
                

		 	Authorized Signatory

  
 A-2-3 

 [REVERSE OF NOTE] 

CHENIERE ENERGY PARTNERS, L.P. 

4.000% SENIOR NOTES DUE 2031 

This Note is one of a duly authorized series of the 4.000% Series Notes hereinafter specified, all issued or to be issued under and pursuant
to the Indenture, to which Indenture reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Partnership and the Holders of the 4.000% Series Notes. 

 

	 	1.	 Interest. 

The Partnership promises to pay interest in cash on the principal amount of this Note at the rate of 4.000% per annum until maturity and shall
pay the Additional Interest, if any, payable pursuant to Section 6 of the Registration Rights Agreement referred to below. 
 The
Partnership will pay interest and Additional Interest, if any, semi-annually in arrears on March 1 and September 1 of each year, or if such day is not a Business Day, on the next succeeding Business Day (each an “Interest Payment
Date”), commencing September 1, 2021. Interest on the 4.000% Series Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid on the Notes, from March 11, 2021. Interest will be
computed on the basis of a 360-day year consisting of twelve 30-day months. The Partnership shall pay interest (including post-petition interest in any proceeding under
any applicable bankruptcy laws) on overdue installments of interest (without regard to any applicable grace period) and on overdue principal and premium, if any, from time to time on demand at the same rate per annum, in each case to the extent
lawful. 
 Until this Regulation S Temporary Global Note is exchanged for one or more Regulation S Permanent Global Note, the Holder hereof
shall not be entitled to receive payments of interest hereon; until so exchanged in full, this Regulation S Temporary Global Note shall in all other respects be entitled to the same benefits as other Notes under the Indenture. 

 

	 	2.	 Method of Payment. 

The Partnership shall pay interest on the 4.000% Series Notes (except Defaulted Interest) and Additional Interest, if any, to the persons who
are the registered Holders at the close of business on February 15 and August 15 immediately preceding the Interest Payment Date. Any such interest not so punctually paid or duly provided for (“Defaulted Interest”) may be
paid to the persons who are registered Holders at the close of business on a special record date for the payment of such Defaulted Interest, or in any other lawful manner not inconsistent with the requirements of any securities exchange on which
such 4.000% Series Notes may then be listed if such manner of payment shall be deemed practicable by the Trustee, as more fully provided in the Indenture. The Partnership shall pay principal, premium, if any, and interest and Additional Interest, if
any, in such coin or currency of the United States of America as at the time of payment shall be legal tender for payment of public and private debts. Payments in respect of a Global Note (including principal, premium, if any, interest and
Additional Interest) will be made by wire transfer of immediately available funds to the accounts specified by the Depositary. Payments in respect of 

  
 A-2-4 

 
4.000% Series Notes in definitive form (including principal, premium, if any, and interest) will be made at the office or agency of the Partnership maintained for such purpose, which initially
will be at the office of the Paying Agent and Registrar, or, at the option of the Partnership, payment of interest or Additional Interest may be made by check mailed to the Holders on the relevant record date at their addresses set forth in the
register of Holders maintained by the Registrar or at the option of the Holder, payment of interest on 4.000% Series Notes in definitive form will be made by wire transfer of immediately available funds to any account maintained in the United
States, provided such Holder has requested such method of payment and provided timely wire transfer instructions to the Paying Agent. The Holder must surrender this Note to a Paying Agent to collect payment of principal. 

 

	 	3.	 Paying Agent and Registrar. 

Initially, The Bank of New York Mellon will act as Paying Agent and Registrar. The Partnership may change any Paying Agent or Registrar at any
time upon notice to the Trustee and the Holders. The Partnership may act as Paying Agent. 
  

	 	4.	 Indenture. 

This Note is one of a duly authorized issue of Notes of the Partnership issued and to be issued in one or more series under the Indenture. 

Capitalized terms herein are used as defined in the Indenture unless otherwise defined herein. The terms of the 4.000% Series Notes include
those stated in the Base Indenture, those made part of the Indenture by reference to the TIA, as in effect on the date of the Base Indenture, and those terms stated in the Fifth Supplemental Indenture. The 4.000% Series Notes are subject to all such
terms (including the Guarantees set forth in Article X of the Base Indenture), and Holders of 4.000% Series Notes are referred to the Base Indenture, the Fifth Supplemental Indenture and the TIA for a statement of them. The 4.000% Series Notes are
limited to an initial aggregate principal amount of $1,500,000,000; provided, however, that the authorized aggregate principal amount of such series may be increased from time to time as provided in the Fifth Supplemental Indenture. 

 

	 	5.	 Redemption. 

At any time prior to March 1, 2024, the Partnership may on any one or more occasions redeem up to 35% of the aggregate principal amount of
the 4.000% Series Notes, upon not less than 10 nor more than 60 days’ notice, at a redemption price of 104.000% of the principal amount of the 4.000% Series Notes redeemed, plus accrued and unpaid interest, if any, to but excluding the
redemption date (subject to the rights of Holders on the relevant record date to receive interest due on the relevant Interest Payment Date), with the proceeds of one or more Equity Offerings; provided that: 

 

	 	(3)	 at least 65% of the aggregate principal amount of the 4.000% Series Notes issued on the Issue Date (excluding
4.000% Series Notes held by the Partnership and its Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and 

  

	 	(4)	 the redemption occurs within 120 days of the date of the closing of such Equity Offering.

  
 A-2-5 

 At any time prior to March 1, 2026, the Partnership may on any one or more occasions
redeem all or a part of the 4.000% Series Notes, upon not less than 10 nor more than 60 days’ prior notice, at a redemption price equal to 100% of the principal amount of 4.000% Series Notes redeemed, plus the Applicable Premium as of, and
accrued and unpaid interest, if any, to but excluding, the redemption date, subject to the rights of Holders on the relevant record date to receive interest due on the relevant Interest Payment Date. 

Except pursuant to the preceding two paragraphs, the 4.000% Series Notes will not be redeemable at the Partnership’s option prior to
March 1, 2026. The Partnership is not prohibited, however, from acquiring the 4.000% Series Notes in market transactions by means other than a redemption, whether pursuant to a tender offer or otherwise. 

On or after March 1, 2026, the Partnership may on any one or more occasions redeem all or a part of the 4.000% Series Notes upon not less
than 10 nor more than 60 days’ notice, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, on the 4.000% Series Notes redeemed, to but excluding the applicable
redemption date, if redeemed during the 12-month period beginning on March 1 of the years indicated below (subject to the rights of Holders on the relevant record date to receive interest on the relevant
Interest Payment Date): 
  

					
	Year	  	Percentage	 
	 2026
	  	 	102.000	% 
	 2027
	  	 	101.333	% 
	 2028
	  	 	100.667	% 
	 2029 and thereafter
	  	 	100.000	% 

 4.000% Series Notes called for redemption become due on the redemption date. Notices of redemption will be
mailed, or delivered electronically if the 4.000% Series Notes are held at DTC, at least 10 but not more than 60 days before the redemption date to each Holder of the 4.000% Series Notes to be redeemed at its registered address. The notice of
redemption for the 4.000% Series Notes will state, among other things, the amount of 4.000% Series Notes to be redeemed, the redemption date, the method of calculating the redemption price and each place that payment will be made upon presentation
and surrender of 4.000% Series Notes to be redeemed. Unless we default in payment of the redemption price, interest will cease to accrue on any 4.000% Series Notes that have been called for redemption on the redemption date. 

In addition, any redemption pursuant to this paragraph 5 may, at the Partnership’s discretion, be subject to one or more conditions
precedent. If such redemption is subject to the satisfaction of one or more conditions precedent, the related notice shall describe each such condition, and if applicable, shall state that, in the Partnership’s discretion, the redemption date
may be delayed until such time as any or all such conditions shall be satisfied or waived (including to a date later than 60 days after the date on which such notice was mailed or delivered electronically), or such redemption may not occur and such
notice may be rescinded in the event that any or all such conditions shall not have been satisfied or waived by the redemption date, or by the redemption date as so delayed, or such notice may be rescinded at any time in the Partnership’s
discretion if in the good faith judgment of the Partnership any or all of such conditions will not be satisfied or waived. 

  
 A-2-6 

 For purposes of determining the redemption price, the following definitions are applicable:

 “Applicable Premium” means, with respect to any note on any redemption date, the greater of: 

 

	 	(3)	 1.0% of the principal amount of such note; or 

 

	 	(4)	 the excess of: 

  

	 	(a)	 the present value at such redemption date of (i) the redemption price of such 4.000% Series Notes at
March 1, 2026 (such redemption prices being set forth in the tables appearing above) plus (ii) all required remaining scheduled interest payments due on such note through March 1, 2026 (in each case excluding accrued but unpaid
interest to but excluding the redemption date), computed using a discount rate equal to the Treasury Yield as of such redemption date plus 50 basis points; over 

 

	 	(b)	 the principal amount of the note. 

“Comparable Treasury Issue” means the United States Treasury security selected by the Independent Investment Banker as having
a maturity comparable to the remaining term of the 4.000% Series Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of
comparable maturity to the remaining term of the 4.000% Series Notes to be redeemed; provided, however, that if no maturity is within three months before or after the maturity date for such 4.000% Series Notes, yields for the two published
maturities most closely corresponding to such United States Treasury security will be determined and the treasury rate will be interpolated or extrapolated from those yields on a straight line basis rounding to the nearest month. 

“Comparable Treasury Price” means, with respect to any redemption date, (a) the average of the Reference Treasury Dealer
Quotations for the redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (b) if the Independent Investment Banker obtains fewer than four Reference Treasury Dealer Quotations, the average of all such
quotations. 
 “Independent Investment Banker” means J.P. Morgan Securities LLC and its successors or, if such firm is not
willing and able to select the applicable Comparable Treasury Issue, an independent investment banking institution of national standing appointed by the Partnership. 

“Reference Treasury Dealer” means each J.P. Morgan Securities LLC and four additional primary U.S. government securities
dealers (each, a “Primary Treasury Dealer”) selected by the Partnership; provided, however, that if such firm or any such successor, as the case may be, shall cease to be a primary U.S. government securities dealer, the
Partnership will substitute therefor another Primary Treasury Dealer. 

  
 A-2-7 

 “Reference Treasury Dealer Quotations” means, with respect to each
Reference Treasury Dealer and any redemption date for the 4.000% Series Notes, an average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue for the 4.000% Series Notes to be redeemed
(expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such redemption date.

 “Treasury Yield” means, with respect to any redemption date, (a) the yield, under the heading which represents the
average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System
and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue; or
(b) if the release (or any successor release) is not published during the week preceding the calculation date or does not contain these yields, the rate per annum equal to the semi-annual equivalent yield to maturity (computed as of the third
business day immediately preceding such redemption date) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the applicable Comparable Treasury Price for
such redemption date. 
  

	 	6.	 Repurchase of Notes at the Option of the Holders upon Change of Control Triggering Event and Asset Sale
Triggering Event 

 Upon the occurrence of a Change of Control Triggering Event, each Holder shall have the right,
subject to certain conditions specified in the Indenture, to require the Partnership to repurchase all or any part of such Holder’s Notes at a purchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid
interest, on the Notes repurchased to, but excluding, the date of purchase (subject to the right of the Holders of record on the relevant record date to receive interest, if any, due on the relevant Interest Payment Date), as provided in, and
subject to the terms of, the Indenture. In accordance with Section 4.09 of the Indenture, the Partnership will be required to offer to purchase Notes upon the occurrence of certain Asset Sale Triggering Events. 

 

	 	7.	 Denominations; Transfer; Exchange. 

The 4.000% Series Notes are to be issued in registered form, without coupons, in denominations of $2,000 and integral multiples of $1,000 in
excess of $2,000. A Holder may register the transfer of, or exchange, 4.000% Series Notes in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay
any taxes and fees required by law or permitted by the Indenture. 
  

	 	8.	 Person Deemed Owners. 

The registered Holder of a Note may be treated as the owner of it for all purposes. 

  
 A-2-8 

	 	9.	 Amendment; Supplement; Waiver. 

Subject to certain exceptions, the Indenture may be amended or supplemented, and any existing Event of Default or compliance with any provision
may be waived, with the consent of the Holders of a majority in principal amount of the outstanding Debt Securities of each series affected. Without consent of any Holder of a Note, the parties thereto may amend or supplement the Indenture to, among
other things, cure any ambiguity or omission, to correct any defect or inconsistency, or to make any other change that does not adversely affect the rights of any Holder of a Note. Any such consent or waiver by the Holder of this Note (unless
revoked as provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future Holders and owners of this Note and any 4.000% Series Notes which may be issued in exchange or substitution herefor, irrespective of whether
or not any notation thereof is made upon this Note or such other 4.000% Series Notes. 
  

	 	10.	 Additional Rights of Holders of Restricted Global Notes and Restricted Definitive Notes.

 In addition to the rights provided to Holders of Notes under the Indenture, Holders of Restricted Global Notes and Restricted Definitive
Notes will have all the rights set forth in the Registration Rights Agreement dated as of March 11, 2021, between the Partnership and the other parties named on the signature pages thereof or, in the case of Additional Notes, Holders of
Restricted Global Notes and Restricted Definitive Notes will have the rights set forth in one or more registration rights agreements, if any, among the Partnership, the Subsidiary Guarantors, if any, and the other parties thereto, relating to rights
given by the Partnership and the Subsidiary Guarantors, if any, to the purchasers of any Additional Notes (collectively, the “Registration Rights Agreement”). By such Holders’ acceptance of Restricted Global Notes or Restricted
Definitive Notes, such Holder acknowledges and agrees to the provisions of the Registration Rights Agreement, including without limitation the obligations of the Holders with respect to indemnification of the Partnership and the Subsidiary
Guarantors to the extent provided therein. 
  

	 	11.	 Defaults and Remedies. 

Certain events of bankruptcy or insolvency are Events of Default that will result in the principal amount of the 4.000% Series Notes, together
with premium, if any, and accrued and unpaid interest thereon, becoming due and payable immediately upon the occurrence of such Events of Default. If any other Event of Default with respect to the 4.000% Series Notes occurs and is continuing, then
in every such case the Trustee or the Holders of not less than 33 1/3% in aggregate principal amount of the 4.000% Series Notes then outstanding may declare the principal amount of all the 4.000% Series Notes, together with premium, if any, and
accrued and unpaid interest thereon, to be due and payable immediately in the manner and with the effect provided in the Indenture. Notwithstanding the preceding sentence, however, if at any time after such a declaration of acceleration has been
made, the Holders of a majority in principal amount of the outstanding 4.000% Series Notes, by written notice to the Trustee, may rescind such declaration and annul its consequences if the rescission would not conflict with any judgment or decree of
a court already rendered and if all Events of Default with respect to the 4.000% Series Notes, other than the nonpayment of the principal, premium, if any, or interest which has become due solely by such declaration acceleration, shall have been
cured or shall have been waived. No such rescission shall affect any subsequent default or shall impair any right consequent thereon. Holders of 4.000% Series Notes may not enforce the Indenture or the 4.000% Series Notes except as provided in the
Indenture. The Trustee may require indemnity or security satisfactory to it before it enforces the Indenture or the 4.000% Series Notes. Subject to certain limitations, Holders of a majority in aggregate principal amount of the 4.000% Series Notes
then outstanding may direct the Trustee in its exercise of any trust or power. 

  
 A-2-9 

 This Regulation S Temporary Global Note is exchangeable in whole or in part for one or more
Global Notes only (i) on or after the termination of the 40-day distribution compliance period (as defined in Regulation S) and (ii) upon presentation of certificates (accompanied by an Opinion of
Counsel, if applicable) required by Article 2 of the Indenture. Upon exchange of this Regulation S Temporary Global Note for one or more Global Notes, the Trustee shall cancel this Regulation S Temporary Global Note. 

 

	 	12.	 Trustee Dealings with Partnership. 

The Trustee under the Indenture, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the
Partnership or its Affiliates, and may otherwise deal with the Partnership or its Affiliates as if it were not the Trustee. 
  

	 	13.	 Authentication. 

This Note shall not be valid until the certificate of authentication on the other side of this Note is authenticated by the manual,
“pdf” or other electronically imaged signature of the Trustee. 
  

	 	14.	 Abbreviations and Defined Terms. 

Customary abbreviations may be used in the name of a Holder of a Note or an assignee, such as: TEN COM (tenant in common), TEN ENT (tenants by
the entireties), JT TEN (joint tenants with right of survivorship and not as tenants in common), CUST (Custodian), and U/G/M/A (Uniform Gifts to Minors Act). 
  

	 	15.	 CUSIP Numbers. 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Partnership has caused CUSIP
numbers to be printed on the 4.000% Series Notes as a convenience to the Holders of the 4.000% Series Notes. No representation is made as to the accuracy of such number as printed on the 4.000% Series Notes and reliance may be placed only on the
other identification numbers printed hereon. 
  

	 	16.	 Absolute Obligation. 

No reference herein to the Indenture and no provision of this Note or the Indenture shall alter or impair the obligation of the Partnership,
which is absolute and unconditional, to pay the principal of, premium, if any, and interest on this Note in the manner, at the respective times, at the rate and in the coin or currency herein prescribed. 

 

	 	17.	 No Recourse. 

No director, officer, employee, limited partner or shareholder, as such, of the Partnership or the General Partner shall have any personal
liability in respect of the obligations of the Partnership under the 4.000% Series Notes, the Indenture or any Guarantee by reason of his, her or its status. Each Holder by accepting the 4.000% Series Notes waives and releases all such liability.
The waiver and release are part of the consideration for issuance of the 4.000% Series Notes. 
  

	 	18.	 Governing Law. 

This Note shall be construed in accordance with and governed by the laws of the State of New York. 

  
 A-2-10 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

			
	TEN COM - as tenants in common	  	UNIF GIFT MIN ACT -
		
		  	(Cust.)
		
	TEN ENT - as tenants by entireties	  	Custodian for:
		
		  	(Minor)
		
	JT TEN - as joint tenants with right of survivorship and not as tenants in common	  	Under Uniform Gifts to Minors Act of
		
		  	(State)

 ADDITIONAL ABBREVIATIONS MAY ALSO
BE USED THOUGH NOT IN THE ABOVE LIST. 

  
 A-2-11 

 ASSIGNMENT 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

PLEASE INSERT SOCIAL SECURITY OR OTHER 
 IDENTIFYING NUMBER OF
ASSIGNEE 
 Please print or type name and address including postal zip code of assignee: 

the within Note and all rights thereunder, hereby irrevocably constituting and appointing to transfer said Note on the books of the Partnership, with full
power of substitution in the premises. 
  

			
	Dated	  	Registered Holder

  
 A-2-12 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Partnership pursuant to Section 4.08 or
Section 4.09 of the Indenture, check the appropriate box below: 
  

							
		  	☐ Section 4.08	  	☐ Section 4.09	  	
		  	[Change of Control]	  	[Asset Sale]	  	

 If you want to elect to have only part of the Note purchased by the Partnership pursuant to
Section 4.08 or 4.09 of the Indenture, state the amount you elect to have purchased: 
 $ 

Date: 
  

			
	Your Signature:	 	
                     
        

		 	(Sign exactly as your name appears on the face of this Note)
	
	Tax Identification No:

 Signature Guarantee*: 

 

	*	 Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to
the Trustee) 

  
 A-2-13 

 SCHEDULE OF INCREASES OR DECREASES 

IN THE REGULATION S TEMPORARY GLOBAL NOTE* 

The following increases or decreases in this Regulation S Temporary Global Note have been made: 

 

									
	Date of Exchange	 	 Amount of Decrease

in Principal Amount
 of this
Global
 Note
	 	 Amount of Increase

in Principal Amount
 of this
Global
 Note
	  	 Principal Amount of

this Global Note
 following
such
 decrease (or increase)
	  	 Signature of

authorized officer of

Trustee or Depositary

	  
	 	  
	 	  
	  	  
	  	  

 * To be included in a Global Note. 

  
 A-2-14

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00323-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00323-of-00352.parquet"}]]